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Sunday, April 14, 2013

Hedging your account.....Internationalizing Your Assets Webinar

Our trading partners at Casey Research are hosting a great webinar on April 30th that will give you a new insight into protecting you and your investments as we are faced with hedging our investments against the dozens of future challenges we face as investors in the U.S. markets in the years to come. Expansion of the fiat currency, inflation, forced debt reduction, rising taxes and so much more.

None of this worries you? Here are just a few of the topics we will cover in this webinar.....

1.    Increasingly desperate governments are trying to prevent citizens from transferring assets abroad
2.    Governments are increasingly desperate for money due to out-of-control spending that has created historic deficits
3.    This is especially true in the US, which is indebted to the tune of over $16.6 trillion
4.    $5.56 trillion of that debt is held by foreign investors in the form of US Treasuries, who sooner or later will want a better return on their money because current interest rates are extremely low right now
5.    They will also want a better return because the US is not demonstrating a willingness to pay off this debt, which of course raises the risk for Treasury holders
6.    The U.S. will attempt to pay down its debt through increasing the money supply and repaying Treasury holders in diluted dollars
7.    This expansion of the money supply, coupled with foreign Treasury holders' demands for a better return on their money, will exacerbate rising inflation, perhaps catastrophically
8.    This inflation will reduce the purchasing power of the dollar, which in turn reduces the value of assets denominated in dollars
9.    This means that wealth inside the U.S. and wealth denominated in dollars is doomed to depreciate in value
10.  The best way to protect your assets from this depreciation is to diversify them internationally
11.  Dollar depreciation isn’t the only reason to internationally diversify your assets
12.   The risk of asset seizure is another reason – the government can’t seize your assets if they are abroad
13.  The threat of capital controls is another reason to diversify because the government doesn’t want you to stash your money abroad – that’s why they placed severe restrictions on Americans who try to open foreign bank accounts. It’s likely they’ll make these restrictions more onerous
14.  The current U.S. administration has been playing up the concept of the rich not paying their fair share and hiding their money overseas for tax evasion purposes. Becoming more aggressive, including:
a.  Went after UBS in Switzerland to break longstanding tradition and give up the names of US account holders
b.  FACTA law in 2012 forces foreign banks to do the IRS’s bidding and reveal American account holders
c.  Current limitation of under $10,000 in cash transfers without reporting to the government
d.  Dogs in airports specifically trained to sniff US currency, just like the drug-sniffing dogs
e.  Other broke countries, like Spain, are doing the same thing
15.  Rising taxes are another reason to internationally diversify – with the government’s debts continually rising, it’s all but certain that income taxes and taxes on investments will rise in order to fund out-of-control spending
a. The Social Security Payroll Tax Cut enacted in 2010 was not extended during the fiscal cliff negotiations; as a result, an American household with a $50,000 annual income will pay $1,000 more in taxes in 2013
b. The Committee on Ways and Means says Obamacare will cost Americans $1 trillion in taxes, and that it leaves in place 21 tax increases
c.  The top marginal tax rate increased from 35% to 39.6% for taxable incomes over $450,000 (over $400,000 for single filers) as part of the fiscal cliff deal
d.  Personal exemptions for adjusted gross filers’ income (over $300,000) will be phased down ($250,000 for single filers)
e.  Increase in the rate of dividends and capital gains from 15% to 20% for taxable incomes over $450,000 ($400,000 for single filers)
f.   Death-tax increase from 35% to $40% for on estates larger than $5 million
g.  Tax increases on business investment – expiration of full expensing – the immediate deduction of capital purchases by businesses
16.  The heirs of individuals with wealth will be hit with huge estate taxes if that wealth is in the US – yet another reason to internationally diversify
17.  The government has given consideration to taking control of 401(k) plans and IRAs to make pensions more “fair.” This will take control of your retirement funds out of your hands and put it into the government’s hands… unless those funds are abroad and out of reach of greedy politicians
a.  Argentina nationalized private pension plans in 2008
b.  Ireland earmarked 4 billion euros from the country’s pension reserve fund in 2009 to rescue banks; in 2010 the remaining $2.5 billion euros was seized to support the bailout of the rest of the country. Hungary forced its citizens in 2011 to remit their individual retirement savings to the state or lost the right to a basic state pension
18.  Anyone with means is also at risk of predatory lawsuits if their means are concentrated in their home countries (this is especially true for Americans)
19.  For all of these reasons and more, you need to protect at least some of your wealth abroad
20.  Your first step toward doing that is to watch the Internationalize Your Assets webinar on April 30th
21.  It features top expert advice you’ll find on asset expatriation from: contrarian investing legend Doug Casey; CEO and Euro Pacific Capital Chief Global Strategist Peter Schiff; founder Mike Maloney; Casey Research Managing Director David Galland; and World Money Analyst Editor Kevin Brekke. Link to bios: ((link to full bios))
22.  When these experts talk about international diversification, smart investors listen, as they have been featured in numerous well known media, including the Washington Times, Newsweek, and Bloomberg
23.  During the webinar, they will reveal actionable advice on how to protect your assets from increasingly intrusive governments, including low cost options for international diversification, the best countries to do business in, and the best ways to move your savings abroad without triggering invasive reporting requirements
24.  The webinar is free – the only thing you have to do is tell us where to email the details and webinar link.

See you in the markets,
Ray C. Parrish
President/CEO The Crude Oil Trader

The 2 Energy Sectors You Should Invest in This Year

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