-->es verschlägt einem den Atem, ab solcher Dreistigkeit der Geldbeschaffung und
Abzockerei, alles unter dem Mäntelchen der Steuer-Befreiung. Es ist nicht aus-
geschlossen dass Deutschland auch zu solchen"Emissionen" greift. Herr Eichel
haben Sie davon Kenntnis?

Well,"they've" finally done it. Trashed the latest rates on the I Bonds to a paltry....well look below:

>>>I BONDS TO EARN 2.19% WHEN BOUGHT FROM NOVEMBER 2003 THROUGH APRIL 2004
FOR RELEASE AT 10:00 AM
November 3, 2003

I BOND EARNINGS RATE 2.19%

The earnings rate for I Bonds is a combination of a fixed rate, which will apply for the life of the bond, and the inflation rate. The 2.19 percent earnings rate for I Bonds bought from November 2003 through April 2004 will apply for the first six months after their issue. The earnings rate combines the 1.10 percent fixed rate of return with the 1.08 percent annualized rate of inflation as measured by the Consumer Price Index for all Urban Consumers (CPI-U). The CPI-U increased from 184.2 to 185.2 from March 2003 to September 2003, a six-month increase of 0.54 percent.

Treasury's inflation-indexed I Bonds are designed to offer all Americans a way to save that protects the purchasing power of their investment by assuring them a real rate of return above inflation. I Bonds have features that make them attractive to many investors. They are sold at face value in denominations of $50, $75, $100, $200, $500, $1,000, $5,000, and $10,000 and earn interest for as long as 30 years. I Bond earnings are added every month and interest is compounded semiannually. They are State and local income tax exempt, and Federal income tax on I Bond earnings can be deferred until the bonds are cashed or they stop earning interest after 30 years. Investors cashing I Bonds before five years are subject to a 3-month earnings penalty.<<<

This is down from about 4.6 +/- percent from the prior six months. Who in the hell do they think they're wiping out? If their intent is to get the elderly into the market, forget it...they'll just cut back on their food and heat. These dudes in Dreamland have gotta be replaced with normal human beings.

Joel

PS: Bei steigenden Zinsen fallen diese Papier-Fetzen im Nu auf 30% und tiefer ihres Emissions-Preises von 100%. Da lässt sich nicht einmal mehr der grösste
Patriot ein A für ein U vormachen.

Emerald.

-->Hier ist noch ein US-Trick:
US-Firmen die Geld aus dem Ausland zurückholen müssen fast keine Steuer mehr zahlen. Gilt nur für das Wahljahr. Dazu müssen Sie ausländisches Geld in $ wechseln. Siehe unten. Man greift nach den letzten Strohhalmen.
Warum will George W. unbedingt wieder Präsident werden und dann die Folgen auslöffeln? Ist es nur Vanity? Offenbar.
Politico.

Sinister, Silent Attack on Gold
by Sol
Tactical Investor
November 7, 2003

A very sinister piece of news has made almost no headlines. It is a piece of legislation that has been passed by the Senate and is just waiting for House approval, which most likely will be certain.

I took this excerpt from Forbes:

“The Journal's coverage of the tax measure focuses on a provision to allow U.S. multinationals a one-year window to repatriate profits from abroad at a reduced tax rate of 5.25%, instead of the current 35% rate. The bill would also eliminate a tax exemption for Americans working overseas.”

Full story http://www.forbes.com/2003/05/16/cx_da_0516topnews_print.html

If you did not get the implication of that message, let me elaborate on it. First, by allowing US multinationals to repatriate their earrings back to the US at a rate of 5.25% is tantamount to a 29% across the board cut in taxes, which will more than push them to come to the US. This 29% break more than makes up for the current devaluation in the dollar. Who would not take such an offer? It's basically free money.

Now here is where the situation gets sticky. In order to repatriate that money, the multinationals have to change from whatever currency they are currently holding to the US dollar. Effectively, they will be buying the US dollar and dumping their local currency.

This will have the effect of suddenly propping up and giving the US dollar strength, and as the dollars starts to gain, Gold will definitely be its victim. So it’s highly likely that Gold’s upward trajectory will be momentarily halted and that the day of reckoning will be postponed till after 2004.

Not only will the multinationals benefit from the 29% break, but they will also benefit as the US dollar starts to gain strength. Notice how this provision is only effective for one year, which coincides perfectly with the coming elections. The companies who take advantage of this offer early will be able to make another 10-15% gains as the currency appreciates, so in total they stand to gain upwards of 39%.

Based on this information, I have to recommend that individuals who have two gold portfolios (trading and long term) take precautionary measures and take profits from their trading portfolios as Gold is going to run into some potentially very strong resistance soon. We, at the Tactical Investor, have already advised our subscribers to take profits and will be sitting and watching this situation closely.

Also, if you look at this chart that I put up in my last update of the Gold and the Dow, you notice that the Dow is gaining on Gold once more. Could it be the markets see something that most of us are missing? You be the judge.

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