BNN host a 9 min discussion on the alleged manipulation of the silver market following Bart Chiltons comments
Friday, October 29, 2010
Bob Chapman on The Alex Jones Show - Fri 10.29.2010
Alex Jones talks with regular Friday guest Bob Chapman of the International Forecaster about the economy and related issues. Alex covers the news and takes your calls.
Bob Chapman wrote on the International Forecaster of the 27th Oct 2010 : "......Most people do not realize, unless they are victims that the first 50% and then 85% of Social Security benefits are subject to taxation. In 2000, just 22% were above that level. It is now 39%. In 50 years, 85% will be taxed. Where we ask is the tax revolt? By that time the age to collect SS will be 70. By that time taxes on the wealthy will rise from 39.6% to 36% for the top two brackets. In just ten years those in the 15% bracket will graduate into the 25% bracket. The 28% group will be in the 36% bracket. Is it any wonder there is an exodus of citizens from America to foreign places with more forgiving tax rates? Incidentally, they won’t be going to Europe where rates are 70%, if you include the VAT, the value added tax. That legislation holds, health care reform, 16-tax increase for those of you who were not paying attention......"
Bob Chapman wrote on the International Forecaster of the 27th Oct 2010 : "......Most people do not realize, unless they are victims that the first 50% and then 85% of Social Security benefits are subject to taxation. In 2000, just 22% were above that level. It is now 39%. In 50 years, 85% will be taxed. Where we ask is the tax revolt? By that time the age to collect SS will be 70. By that time taxes on the wealthy will rise from 39.6% to 36% for the top two brackets. In just ten years those in the 15% bracket will graduate into the 25% bracket. The 28% group will be in the 36% bracket. Is it any wonder there is an exodus of citizens from America to foreign places with more forgiving tax rates? Incidentally, they won’t be going to Europe where rates are 70%, if you include the VAT, the value added tax. That legislation holds, health care reform, 16-tax increase for those of you who were not paying attention......"
Market Close Wrap-Up: October 29, 2010
The major U.S. equity indices closed mixed Friday after an economic growth report that didn't much help investor sentiment. The nation's GDP rose 2% annual pace during Q3, in line with economist expectations and just 1.7% above the rate in Q2. Strategic Wealth Partners' Tony Zabiegala commented, "Because GDP was so lackluster, we don't see the Fed pumping the brakes." In corporate news, Estee Lauder Cos. Inc. (NYSE:EL) reported a 14% boost to its Q1 net sales from the year-ago period at $2.09 billion. EPS rose 34% year-over-year to $0.95, up from $0.71 in the year-ago period. Net earnings for the quarter rose 36% year-over-year to $191.1 million. The Dow Jones Industrial Average (DJI) closed 0.04% higher at 11,118.49, the S&P500 (INX) closed 0.04% lower at 1,183.26, and the Nasdaq Composite (IXIC) closed 0.00% higher at 2,507.41.
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