Hah knew it! This is the first sign that there will be QE3, although it probably won't be called that. They can't raise rates because there is no recovery and doing so would completely wipe out 50% of the stock market. What does this mean. Higher gold and silver. Keep buying as much physical as you can.
Notice that the ratio has gone back to 44, as gold has climbed, while silver remains flat. The floor for silver at $35 is getting stronger with each passing day. Every time it goes below it bounces back up like a beach ball pushed under water. Every paycheck right now I am accumulating both phyzz and PSLV.
Hi Ho Silver.
====
Fed's Bullard sees rates on hold after QE2
http://www.marketwatch.com/story/feds-bullard-sees-rates-on-hold-after-qe2-2011-05-23?link=MW_story_latest_news
SYDNEY (MarketWatch) -- The Federal Reserve is likely to keep policy rates on hold after QE2 to provide more time to evaluate the strength of the U.S. economy, a top official said late Monday. Federal Reserve Bank of St. Louis President James Bullard said the central bank is likely to keep its commitment of near-zero interest rates for an "extended period," after the expected June expiry of its asset purchases. "Past behavior of the Federal Open Market Committee indicates that the Committee sometimes puts policy on hold," he said, noting that a pause "gives the Committee more time to assess economic conditions." Speaking in Missouri, the St. Louis Fed president repeated calls for the central bank to abandon its use of core inflation, in favor of a wider measure. Bullard also warned that while commodity prices cannot continue to increase forever, "it is at least a reasonable hypothesis that global demand for energy will outstrip increased supply over the coming decades."
====
z
Monday, May 23, 2011
Calif. Must Release 37,000 Inmates
Time to get out of Cali I guess...
=====
Supreme Court Rules California Must Free Tens of Thousands of Inmates
http://www.foxnews.com/politics/2011/05/23/supreme-court-rules-california-free-tens-thousands-inmates/
A sharply divided Supreme Court Monday affirmed a controversial prisoner reduction plan forced on California prison administrators that requires the state to reduce its inmate population by tens-of-thousands to ease overcrowding.
The 5-4 decision authored by Justice Anthony Kennedy, a California native, is a wholesale acceptance of a ruling by a special three-judge panel tasked with resolving chronic overcrowding in the state's penal system. The February 2009 decision orders California to reduce its prison population that has at times run nearly double its capacity. Approximately 37,000 to 46,000 inmates will have to be released in order for the state to comply with the ruling.
====
z
=====
Supreme Court Rules California Must Free Tens of Thousands of Inmates
http://www.foxnews.com/politics/2011/05/23/supreme-court-rules-california-free-tens-thousands-inmates/
A sharply divided Supreme Court Monday affirmed a controversial prisoner reduction plan forced on California prison administrators that requires the state to reduce its inmate population by tens-of-thousands to ease overcrowding.
The 5-4 decision authored by Justice Anthony Kennedy, a California native, is a wholesale acceptance of a ruling by a special three-judge panel tasked with resolving chronic overcrowding in the state's penal system. The February 2009 decision orders California to reduce its prison population that has at times run nearly double its capacity. Approximately 37,000 to 46,000 inmates will have to be released in order for the state to comply with the ruling.
====
z
The War on Ron Paul
"The federal government we live with today no longer serves the interests of the American people, but serves the special interests of: corporate cronyism; militarism for profit influence and empire; centrally planned debt management, counterfeiting, fraud and currency debasement. "
- Couldn't say it any better myself.
====
The War on Ron Paul
http://www.infowars.com/the-war-on-ron-paul/
Susan Westfall
LewRockwell.com
May 23, 2011
Whether the media establishments want to admit it or not, and believe me they don’t, Ron Paul IS the ‘front runner’ for the republican primary. Despite voracious denials and vitriolic arguments from almost every quarter to the contrary, he is the only one with a chance of shutting out Obama for the presidency in 2012. He appeals to all sides of the aisle, and is attracting the much sought after independent swing vote almost as fast as he has the youth of the nation. The Internet is indisputably Ron Paul country as countless polls and google trends have repeatedly shown. The gradual change in political rhetoric flowing out of Washington, D.C. over the last 3 years reflects an explosion of interest in the freedom message he spreads so tirelessly. The continuous growth in popularity of talk and news shows focusing on freedom and the Constitution broadcasts loud and clear the rising prominence of issues he has brought to the debate. For anyone with any powers of discernment, it’s a no-brainer.
=====
z
- Couldn't say it any better myself.
====
The War on Ron Paul
http://www.infowars.com/the-war-on-ron-paul/
Susan Westfall
LewRockwell.com
May 23, 2011
Whether the media establishments want to admit it or not, and believe me they don’t, Ron Paul IS the ‘front runner’ for the republican primary. Despite voracious denials and vitriolic arguments from almost every quarter to the contrary, he is the only one with a chance of shutting out Obama for the presidency in 2012. He appeals to all sides of the aisle, and is attracting the much sought after independent swing vote almost as fast as he has the youth of the nation. The Internet is indisputably Ron Paul country as countless polls and google trends have repeatedly shown. The gradual change in political rhetoric flowing out of Washington, D.C. over the last 3 years reflects an explosion of interest in the freedom message he spreads so tirelessly. The continuous growth in popularity of talk and news shows focusing on freedom and the Constitution broadcasts loud and clear the rising prominence of issues he has brought to the debate. For anyone with any powers of discernment, it’s a no-brainer.
=====
z
How Long Will it Take If I Cash Out My 401K?
Food for thought.... I'd cash out and buy physical silver, gold, and platinum, but that's just me. Again look at the strength of gold today even in spite of the dollar gaining versus the euro. Gold and silver will probably go sideways for 1 more month, until an extension of stimulus is announced, then they will start their climb back up.
=====
How Long Will it Take If I Cash Out My 401K?
http://www.ehow.com/info_8343663_long-cash-out-401k.html
By Ciaran John, eHow Contributor updated May 03, 2011
When you cash out your 401k retirement account, your account custodian has to sell all of the securities held inside the account. Depending on how you arrange to have the funds disbursed, it can take several days before you actually receive your funds. Additionally, you may not receive the entire account balance due to the vesting schedule and taxation.
Selling Mutual Funds
Typically, 401k accounts contain mutual funds and the share price of a mutual fund depends on the value of the underlying stocks and bonds. Mutual fund shares are sold once daily after the stock market closes for the day. You must place your sell order before the market closes, which means you do not know how much your shares will sell for since the share price depends on the closing value of the stocks and bonds in the fund. Federal securities laws require buyers and traders of securities to transfer funds for purchase transactions within three business days. However, no rule exists that specifies how quickly a fund company must disburse funds that result from a sale although most companies do disburse your funds within a few days of the sale.
Vesting
Your employer's 401k plan has a vesting schedule that specifies when you assume control of matching 401k contributions made by your employer. Some 401k plans have rules in place that mean that your employer's contributions do not technically become yours until two or three years after the contribution date. If you sell your 401k before your employer's contributions are vested, then you only receive the money that you contributed to the account yourself and your account earnings.
Taxes
Contributions to 401k accounts are made on a pre-tax basis and when you make a withdrawal your employer has to withhold 20 percent of your disbursement to cover federal income tax. If you are below the age of 59 1/2 you also have to pay a 10 percent premature withdrawal penalty tax. Your employer does not automatically withhold this 10-percent penalty from your disbursement. Due to the 20-percent tax withholding, you do not receive the entire amount that you had in your account.
Method
Investment firms can use a variety of different means to disburse your 401k funds. Typically, when you cash in your 401k, the fund company mails out a check and it can take seven to 10 days for this check to arrive. Many firms give you the option of having your funds sent by a wire transfer. This usually costs between $10 and $30, but allows you to receive your money on the day after the sale occurs. Therefore, if your 401k custodian processes your sale quickly and wires you the money, you can take receipt of your money within two or three days of placing your trade.
====
z
=====
How Long Will it Take If I Cash Out My 401K?
http://www.ehow.com/info_8343663_long-cash-out-401k.html
By Ciaran John, eHow Contributor updated May 03, 2011
When you cash out your 401k retirement account, your account custodian has to sell all of the securities held inside the account. Depending on how you arrange to have the funds disbursed, it can take several days before you actually receive your funds. Additionally, you may not receive the entire account balance due to the vesting schedule and taxation.
Selling Mutual Funds
Typically, 401k accounts contain mutual funds and the share price of a mutual fund depends on the value of the underlying stocks and bonds. Mutual fund shares are sold once daily after the stock market closes for the day. You must place your sell order before the market closes, which means you do not know how much your shares will sell for since the share price depends on the closing value of the stocks and bonds in the fund. Federal securities laws require buyers and traders of securities to transfer funds for purchase transactions within three business days. However, no rule exists that specifies how quickly a fund company must disburse funds that result from a sale although most companies do disburse your funds within a few days of the sale.
Vesting
Your employer's 401k plan has a vesting schedule that specifies when you assume control of matching 401k contributions made by your employer. Some 401k plans have rules in place that mean that your employer's contributions do not technically become yours until two or three years after the contribution date. If you sell your 401k before your employer's contributions are vested, then you only receive the money that you contributed to the account yourself and your account earnings.
Taxes
Contributions to 401k accounts are made on a pre-tax basis and when you make a withdrawal your employer has to withhold 20 percent of your disbursement to cover federal income tax. If you are below the age of 59 1/2 you also have to pay a 10 percent premature withdrawal penalty tax. Your employer does not automatically withhold this 10-percent penalty from your disbursement. Due to the 20-percent tax withholding, you do not receive the entire amount that you had in your account.
Method
Investment firms can use a variety of different means to disburse your 401k funds. Typically, when you cash in your 401k, the fund company mails out a check and it can take seven to 10 days for this check to arrive. Many firms give you the option of having your funds sent by a wire transfer. This usually costs between $10 and $30, but allows you to receive your money on the day after the sale occurs. Therefore, if your 401k custodian processes your sale quickly and wires you the money, you can take receipt of your money within two or three days of placing your trade.
====
z
Subscribe to:
Posts (Atom)