On December 30, 2015, President of U.S. Money Reserve, Philip Diehl, appeared on CNBC’s morning Squawk Box. The discussion that day was our beloved “penny.” It is felt that the expense of producing the penny outweighs its use. Diehl claims that the penny is not used anymore.

In other words, the old saying, “A penny for your thoughts” will have to be rewritten. The price for our thoughts has just gone up .04 cents per “thought”. It will have to be changed to “A nickel for your thoughts.” Somehow it loses something as the price increases.

Diehl claims that if you bend down to pick up a penny on the street today, you are getting paid less than minimum wage. Economists believe that by removing the penny from circulation will distort prices and possibly press inflation. Diehl contends that 25% of purchases are cash-based, and approximately 75% of purchases are done electronically. Therefore, very few purchases are affected by the elimination of a penny. Diehl also feels that businesses would round-down their prices. This statement can only be proven if and when we say “good-bye to the penny.” Many shoppers feel the sellers would round-up the product price, rather than round-down.

The savings to the American people when the coin is eliminated is $105 million dollars annually. The penny was once made of copper, but today the formula for this coin is 97.5 percent zinc. The penny blanks are outsourced, and of course, the actual stamping of the pennies are stamped by the United States Mint. It will be interesting to hear what will happen to all the jars and piggy banks full of pennies all over America? Containers full of pennies sitting in closets, collecting dust in the basements of homes?

The U.S. Money Reserve is one of America’s largest private distributors of gold, U.S. government issued gold, along with silver and platinum. U.S. Money Reserve team are highly trained in coin research and numismatology. Their staff are experts in their field and provide superior customer service.

Give U.S. Money Reserve a call when you are ready to review your long term security. Gold has proven to supersede any investment being offered on the market today when you are looking for a return on your investment. U.S. Money Reserve believes gold should be a major part of your portfolio of investments. Call U.S. Money Reserve to see which gold investment is right for you. Dial 1-866-MINT GOLD and get connected with a specialist.

 

Billionaire financial guru George Soros recently dusted off his crystal ball, peered deep inside its dark interior and predicted it looked like 2008 all over again. In his view, global markets are facing a renewed crisis similar to the financial collapse of 2008, and investors need to be very cautious. In other words, it’s déjà vu all over again.

Soros was speaking at an economic forum in Sri Lanka last week when he made his dire prediction. The first week of 2016 mirrored his words as global currency, stock and commodity markets were all trending downward. China especially was showing weakness in any sustained growth looking forward. Its sinking yuan currency only added to the concern about the strength of the world’s second largest economy.

To those who have forgotten, on April 11, 2008, Soros was quoted in the New York Times as saying. “I consider this the biggest financial crisis of my lifetime, a ‘superbubble’ that has been swelling for a quarter of a century is finally bursting.” He proved correct when the global economy did collapse later that year, triggering years of depressions and the loss of jobs among the world’s most developed countries.

Now, nearly 8 years later, Soros is warning the world that the bubble could burst again as Chinas shifts away from investment and manufacturing toward consumption and services. On Wednesday, Jan 6 of this year, nearly $2.5 trillion was wiped from the slate of global equities. Loses deepened the next day across the Asia and China was forced to halt stock trading in the middle of the day.

This isn’t the first time since the 2008 call that Soros has voiced his concern about the global economy. Speaking to a panel in Washington D.C. on September 2011, he warned the Greece-born European debt crunch was even more serious than the crisis of 2008. Only drastic action by Greece and the EU members averted a total collapse of the Greek economy.

The World Bank has taken note of the problem and cuts its forecast for 2016 global growth from 3.3%t to 2.9%. The US manufacturing ISM indicator is below the crucial 50 level at 48.2. A fall below the 45 would indicate a pending recession. China’s manufacturing PMI has fallen to the same U.S. level over the past year as the result of sluggish world trade. In short, as China turns inward as a consumer nation, the world can no longer look to the Asian economic powerhouse to fund and support their economies.

China’s Communist Party has pledged to gradually dismantle the capital controls that artificially oversee their markets and cause wide fluctuations and panic in their stock markets. Even after the People’s Bank of China cut interest rates to record lows, Chinese authorities continued to pump hundreds of billions of dollars into the economy.
Soros is not the only one forecasting a rocky road ahead for 2016 but his record of spot-on predictions that went against conventional thinking in the past has the world listening to him with a much sharper ear.

Brad Reifler is a career entrepreneur who is most well known for his work with Forefront Capital. Since establishing the company in 2009, which came on the heels of his success with Pali Capital, Forefront Capital has grown by leaps and bounds. What makes Reifler and his work different is that he runs a boutique brokerage that focuses on helping out the ‘little investors’. Reifler has first hand experience with what it likes to work as a non-accredited investor and that has been the primary fuel behind his newest machine: Forefront Income Trust.

Reifler first dipped into investments when he poured his savings into a college savings plan that consisted of over 529 different options. Over the years his investment lost money by 40% and he wasn’t alone in that loss. Moving on from there Reifler went on to become a successful investor and he was eventually given the keys to his father in law’s life savings in order to invest. As it turns out, his father in law wasn’t an accredited investor either and as a result he was shown several closed doors. SO what is an accredited investor exactly and why does it matter so much?

According to the Security Exchange Commissions (SEC) an accredited investor is someone with a net worth of $1 million excluding real estate, or someone who makes more than $200,000 a year. Sounds like a pretty huge number, doesn’t it? Well, that is because it is. Accredited investors are given stock priority when it comes to making investments because their money makes for bigger returns as it pertains to brokers. As a result non accredited investors are effectively ostracized and relegated to fringe investments, thus making it hard for a lower class investor to ever actually rise through the system. Doesn’t sound too fair and that is what Brad Reifler wants to address.

So in order to make a change in the investment world Reifler decided to establish the Forefront Income Trust. This is a public fund that can be invested in by anyone who meets the low $2,500 threshold. This fund isn’t attached to the stock market and as a result has a much higher floor with a respectable ceiling. This gives investors the opportunity to slowly grow, rising in a way that promotes longterm viability. This could be a game changer for all of those non accredited investors who lost their way after the 2008 financial crash.

 

Andy Wirth, Squaw Valley CEO, who is a skydiving enthusiast, had a horrific accident in October of 2013. While skydiving in California, Mr. Wirth was not able to make it to his designated landing area. He landed in a vineyard full of upright poles which supported the vines. One of those poles almost completely severed his right arm and, due to the extensive blood loss, almost took his life. Surgeons were able to reattach his arm, and Mr. Wirth has been recovering with help from his family, friends, and occupational therapists.

While recovering, Mr. Wirth met a group of Navy Seals doing winter mountain combat training at Squaw Valley. In the meantime, he sent a video of himself riding a bike to IRONMAN CEO Andrew Messick. Wirth had been trying to get an IRONMAN 70.3 race, and the video prompted Messick to do so. Mr. Wirth created a relay team which consisted of one of the Navy Seals he met as swimmer, a college friend for cycling, and himself as runner, forming a team called Special Warfare Warrior Support Team that raises funds for the Navy SEAL Foundation.

The Navy SEAL Foundation is a non-profit organization formed to provide support to the Naval Special Warfare Community and its families. Post 9/11, there has been a demand for Special Operations Forces around the world. The U.S. Navy SEALs spend most of their time away from home serving our country. Our country is dependent upon their service. The Navy SEAL Foundation provides the following programs: warrior support and family services, educational opportunities, tragedy assistance, survivor support, and legacy preservation.

Andy Wirth and his IRONMAN team members are once again competing this year to support the Navy SEAL Foundation. Please help Andy Wirth’s Special Warfare Warrior Support Team reach his goal and give at: https://www.crowdrise.com/wwsupport