Tags: 2014 | tax | year | invest

Plan on Protecting Your Assets to Survive 2014

Monday, 30 Dec 2013 10:28 AM

By Denis Kleinfeld

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As we enter the new year of 2014, investment risk is growing quite noticeably, as the United States moves dangerously close to failing as a free-market economy.

While many public and private business and investment opportunities will arise, protecting your principal should become more important than accepting more risk of loss merely to get the promise of a marginally higher yield. Record high stock markets are necessary to achieve record stock losses. The investment markets and the business environment clearly reflect all the exuberance of a Federal Reserve generated bubble.

It is harder and harder to get straight advice from what you may have thought were your trusted financial advisors. Orwellian newspeak and doublethink is becoming the standard lexicon of everyday discourse for those making their living on Wall Street, in the legal system and in the business and the scientific communities. Always remember that while you think they are your trusted advisors, to them you are just food.

Editor's Note: Govt Prohibited From Helping Seniors (Shocking)

In a similar vein, propaganda in the form of slogans, mantras and sound bites is rapidly becoming acceptable as the basis to validate vast new governmental tax and spending programs and restrictions on personal liberties. This last year highlighted our country's utter political polarization on virtually every economic, social and scientific issue. Ultimately, everything has become a matter of politics.

America has now reached a junction where its system of government barely works in even a minimally acceptable manner. It is deeply disturbed and dysfunctional.

The best example of this is Affordable Care Act. It is merely the latest in a continuous line of government actions that have been, to be kind, flawed, counterproductive and stupid. This is what happens when the citizens of a country allow their politicians to become unaccountable and corrupt.

As Obamacare plays out, we will find out in rather short order whether massive government-run programs are the solution to what ails the United States or they exacerbate the problems — all paid for by taxpayer's money or borrowed against the future tax payments that our grandchildren will make.

Taxes will again dominate as a political issue in 2014. Whether the current income tax system should be repealed and replaced with consumption taxes has long been debated. The fact that the tax system is neither administratable by the government nor compliable by the taxpayers will not deter politicians from claiming that all the income tax system needs is a good reform.

There is a growing backlash to the United States using its tax law to try to dominate and control the world's financial institutions and all foreign accounts. Using strong-arm economic tactics and threats of criminal prosecution to terrorize the rest of the financial world into becoming U.S. tax agents undermines our credibility and destabilizes our own capital markets.

All the excesses of our insatiable government spending are being financed not only by an ever-increasing tax burden on a smaller number of taxpayers, but also by unlimited borrowing. The Federal Reserve has become the dominant buyer of all the junk securities that the Treasury's computers can possibly create. The Senate and the president happily appointed the new Fed chairman just in time to assure that the monetary party celebration continues for years to come — on a bi-partisan basis, of course.

We are fighting a perpetual violent war in foreign countries that are defined predominately by their universal belief in Islam. We are told that America is fighting terrorism not Islam. Is Islam a theology of peace or is it the underlying ideology for terrorism? America believes in religious freedom, but are we at war with the tactic of terror or political Islam? If the war were won tomorrow, what would that look like?

How do you feel about the government spying on you, you're family and your business? Is "Big Brother" type surveillance necessary to protect us from terrorists or enforce the tax laws? How about protecting us from our close allies? The United States is actually run by a stealth government hidden behind walls of secrecy and unhampered by the any constitutional limitations. This dramatic realization is just beginning to hit home on the American public, which already is losing trust in the president and others.

As 2014 dawns on America, the ruling class of the political establishment and their enablers are facing a revolution by the very people they thought were safely under control.

The new year promises to be turbulent and unstable. It is easy to see 2014 to be a year of confusion, disorder and even chaos at times. But the United States is strong and deep. Protecting your assets now will be the key factor to financially surviving to the next new year of 2015.

Editor's Note: Govt Prohibited From Helping Seniors (Shocking)

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