China’s yuan joins IMF global currency basket

The yuan took on the mantle of a global reserve currency Saturday, a milestone that is seen breathing life into China’s bond markets by prompting estimated inflows of as much as $1 trillion over the next five years.

The currency’s entry into the International Monetary Fund’s Special Drawing Rights –alongside the dollar, euro, pound and the yen―comes amid China’s efforts to boost its international usage and ambitions of providing an alternative to the dollar. Describing the inclusion as a “historic milestone,” IMF Managing Director Christine Lagarde said in a statement Friday that it reflects the progress that the Asian country has made in reforming its financial systems and liberalizing markets.

Read entire story at http://imf.einnews.com/article/347522113/OtFqvo-NGmnCFLCA
 

MF Launches New SDR Basket Including Chinese Renminbi, Determines New Currency Amounts

September 30, 2016

Today, the International Monetary Fund (IMF) announced the launch of the new Special Drawing Right (SDR) valuation basket including the Chinese renminbi (RMB), and the new currency amounts that will determine the value of the SDR during the new valuation period.

http://www.imf.org/en/News/Articles/2016/09/30/AM16-PR16440-IMF-Launches-New-SDR-Basket-Including-Chinese-Renminbi

Hillary Clinton Vows 65% Estate Tax - The Asset Protection Sector is HOT and Wyoming is on Fire!

"Now, with populist flair, she wants a 50%, 55%, and 65% rate. The 50% rate applies to estates worth over $10 million per person, 55% for estates over $50 million, and 65% for estates exceeding $500 million."

It can force sales of family companies, and sales of family farms and ranches...and more!

The top 1% of households -- defined as bringing in more than $730,000 a year -- would see their tax burden go up by more than $78,000 on average, according to an analysis of Clinton's original tax plan from the Tax Policy Center.

Wyoming Respectfully Disagrees!

The Asset Protection and State Income Tax Sector is HOT and Wyoming is on Fire!

Now You Can Make Money by Referring Business to Outpost Provisioning LLC

What is the Outpost Provisioning LLC Referral Program?

Learn more by requesting our Referral Participant Program information by sending an email to support@outpostprovisioning.com with “RPP request” in the subject line.

Platinum futures trading on the Nymex market in New York jumped 1.6% to $1,058.70 an ounce on Tuesday

Platinum futures trading on the Nymex market in New York jumped 1.6% to $1,058.70 an ounce on Tuesday after top platinum producer Anglo American Platinum announced it's shutting down a smelter responsible for one fifth of its refined platinum output capacity.

Year to date the platinum price is up more than 22%  thanks to predictions of another annual market deficit and the threat of labour action in South Africa which is responsible for 73% of global annual supply.

In its latest quarterly report the World Platinum Investment Council adjusted the supply deficit forecast for 2016 upwards by 16% or 65,000 ounces to 520,000 ounces, from 455,000 ounces previously, mostly on the back of lower than expected recycling growth. 2016 is set to the fifth annual year of market shortages for platinum, used mainly in jewellery and autocatalysts.

Annual supply from South Africa has fallen from a peak of nearly 6 million ounces a decade ago to an expected 4.2 million ounces this year

Total demand for 2016 was expected to increase moderately year on year to 8.25m ounces. Total investment demand is forecast at 350,000 ounces, up 45,000 as bar and coin demand remains strong and after ETF net sales tapered in the first half of the year. Automotive demand is expected to be largely static as is jewellery demand – up 5,000 ounces on 2015 – buoyed by growth in India, the US and Western Europe offsetting declines in China and Japan, according to the WPIC.

Total mining supply was forecast to fall 3% to just under 6m ounces. Annual supply from South Africa has fallen from a peak of nearly 6 million ounces a decade ago to an expected 4.2 million ounces this year.

A significant factor that has been putting a lid on price rises is the amount of above ground stocks of platinum (usually vaulted investor holdings), but the WPIC says these have more than halved over the five years of supply deficits and is expected to have dwindled to 1.87 million ounces this year. The authors of the report note that "positive sentiment has reduced the propensity of holders to sell platinum to meet deficits."

South African mine production figures for July released today showed PGM output fell by 10.8% compared to June and 8.2% year on year as miners close down unprofitable mines and safety stoppages halt operations.

Last week South Africa's top labour union for mineworkers in the industry said no deal was reached after more than a month of talks. The Association of Mineworkers and Construction Union (AMCU) declared a dispute on wage negotiations with the top three global producers Anglo American Platinum, Impala Platinum and Lonmin which together account for 60% of global platinum output.

AMCU led a bruising 20-week strike in the first half of 2014 that lit a fire under platinum prices after some 1.3 million ounces of production was lost.

Renouncing US Citizenship: Why & How?

With the advent of FATCA in 2010 and its onerous tax-related requirements, many US citizens living abroad have opted to expatriate and renounce their US citizenship.

According to research performed by international tax lawyer Andrew Mitchell, the growth in expatriation has been astounding since he first started collecting statistics in 2008.

Taking into account data released for the first quarter of 2016, Mitchell writes that “new records were set for the number of expatriates” with close to 3,000 in 2013, 3,415 in 2014 and 4,279 in 2015.

Furthermore, as quoted in a The Washington Post June 1st article, Mitchell’s research shows that “in the first quarter of this year, 1,158 people expatriated — more than 10 times the number in the first quarter of 2008.”

Read entire story at https://taxlinked.net/blog/september-2016/renouncing-us-citizenship-why-how
By Mateo Jarrin Cuvi

Demand for Silver pushes expectation to $21.35 for 2017

Here's an interesting note from JP Morgan in Dow Jones Newswires. "Strong growth in China's solar sector is ramping up demand for silver, says JPMorgan, driving a 40% 1H increase in Chinese silver-powder imports. Solar-capacity installations there tripled from a year earlier in the period, helping ease concerns about a lack of industrial demand for the precious metal. Based on photovoltaic consumption and a bullish outlook for gold, JPMorgan boosts its 4Q average-price forecast to $21.21/ounce and sees $21.35 for all of 2017."

Will there be an IMF October Surprise

On August 19, 2015 the IMF Board approved an extension of current SDR (special draw right) currency basket until September 30, 2016.

Will the IMF change the makeup of its special drawing rights (SDR) calculation for reserve currencies on Friday, September 30? Will the USD fall?

It’s really about China more than it is about the US dollar (unless, of course, you’re reading between the lines and predicting that this is a first step in the IMF taking over global currencies — which is a conspiracy theory line of thinking. Conspiracy theories are not necessarily wrong every time, but they rarely make for good investment strategies).

The SDR is a derivative reserve currency created by the IMF to try to diversify global reserve currencies, and to some degree that’s intended to lessen the reliance on the US dollar as the single reserve currency — though it’s not new. The SDR has been around since the late 1960s, and was originally based on gold and the US dollar (since major currency exchange rates were still fixed back then, under the Bretton Woods postwar system that collapsed a couple years later). Now, I’d describe the SDR as an attempt to have a global reserve currency that’s more representative of global trade flow and economic power — it exists as a currency, sort of, in that countries can exchange it and it’s occasionally used in some exchange rate calculations, but the most widespread use has been the 2009 attempts to bolster some economies whose balance sheets were in trouble, and opinions are that the only real value of the SDR is that it can be exchanged for the currencies that make it up.

Currently, the SDR is made up of the U.S. dollar (41.9%), euro (37.4%), Japanese yen (9.4%), and pound sterling (11.3%). As of October 1, in a move that was announced last November but delayed a bit to allow more time for the Chinese Yuan to become more freely tradable, the makeup will be: U.S. dollar relatively unchanged at (41.73%), and weightings for the euro (30.93%), yen (8.33%) and pound (8.09%) fall to make room for a 10.92% slot for the Chinese currency.

#deathpenaltyforcopkillers

8 years of Democrat lip service and racism toward law enforcement has led to the deaths of law enforcement officers.


Police unions must push a nationwide death penalty initiative for cop killers (fast-track-1 appeal only) and mandatory life for accomplices. 

It is time for police to stand-down until politicians stand up for the law enforcement community.

Police must Act now or risk death at the hands of Democrat radicals.