Hello Everyone, it’s been several months since our last post…quite busy here at GMS! The general talk on Wall Street is that the Fed is going to raise rates this month. Will they? Well practically every Wall Street pundit on mainstream media thinks so…yet they thought the Fed would raise rates in September as well, and as we know the Fed did not raise rates.
Hello Everyone! Recently, we met with a few attorneys with small practices, in their late 60’s with no plans of retirement, nor thoughts of business succession. That’s a concern we have for many business professionals today who know better to plan for events like this, yet they don’t. Over the years, we’ve seen many business professionals own and operate very successful practices/businesses, however we’re still surprised to see how many have not planned for their business succession.
If there is a younger family member coming into the practice or business, then that is a natural business succession, and the business owner has a whole lot less to concern themselves with. Conversely, if there is no family member or young associate interested in taking over the practice some day, then that leaves a potentially valuable asset foregone and left behind, and clients that will still need to be served. Read more
Hello Everyone! Every once in a while we want to let newer viewers know why our business blog exists, and why we provide the content that we do. As our longer-term readers know, the content of our blog is to serve two purposes:
- First, to provide meaningful/helpful business management content to help lawyers/law firms/CPA’s and other business professionals to better manage their short-term and long-term business goals and objectives.
- Second, is to provide our readers with powerful, insightful news, comments, and commentaries related to financial/economic/and political information that may not be reported by mainstream news media, and not as well-known or understood by the general public. Read more
In scouring the news the past few days, we came across an article posted on RT, discussing whether or not a member country of the EU (currently Greece) can leave at will. It’s an interesting issue, and one that brings the following questions to mind:
- Can a member country of the Euro Zone leave at will?
- Are there mechanisms currently established to enable this?
- How does a country actually leave the EU?
- Are member countries, required to be members for life?
- What are the penalties and consequences for leaving? Read more
Hello Everyone! Anyone having a keen sense of the obvious would agree that too much power in the hands of too few is a recipe for disaster. That is the current state of our banking/financial system, and more specifically, talking about the “Too big To Fail Banks” (which is counter to capitalism isn’t it?). Listen to this interview on Bloomberg with former Fed regulator Andrew Huszar, who candidly yet diplomatically describes the foundational problems of the Fed, QE, and our current banking structure. Read more
Hello Everyone! This morning we’re writing to you, our viewers, regarding the release of the new smartphone by Blackberry, called the “Passport“. Seriously…you ask? Who cares? I’m sure that’s what many of you are thinking! We however believe many business professionals should care/need to care or at the very least, be aware of the launch of this new device and its possible benefits for business and personal use. With data security becoming increasingly important, we as business owners and those of you in highly sensitive industries like legal, financial, healthcare, technology, and government, should be concerned about the security of our business and client data, as well as our own personal data! Read the online articles on the NY Times and Bloomberg and other online sources to get a good perspective on this new release. So back to the new Blackberry Passport… Read more
Hello Everyone! The question we have for all of you today is…does the Fed manipulate the price of Gold? Well according to Dr. Paul Craig Roberts, yes they do manipulate the price of gold and he explains how they do it in today’s article posted on his blog, the Institute For Political Economy. For those of you who have never heard of Dr. Roberts, he is an authority on how the U.S. Treasury, the Federal Reserve Bank, and the overall banking & financial systems operate (he was the Assistant Secretary of the Treasury for Economic Policy and associate editor of the Wall Street Journal. He was columnist for Business Week, Scripps Howard News Service, and Creators Syndicate. He has had many university appointments. His internet columns have attracted a worldwide following. Roberts’ latest books are The Failure of Laissez Faire Capitalism and Economic Dissolution of the West and How America Was Lost.). And that’s just a brief introduction to Dr. Roberts background… Read more
Hello everyone…You heard right! Hard to believe it, but it’s true! If we didn’t learn the first time around about Wall Street created derivatives, how about a second round? Guess who is leading the charge this time around…you got it, Goldman Sachs, JP Morgan Chase and ProShares. In today’s Bloomberg Article, you will discover that the unimaginable, the unthinkable is happening again. Read more
Hello everyone…this is a follow-up post from a post we made earlier in the year regarding the U.S. Government requiring foreign banks to give up personal data on foreign bank accounts held by U.S. citizens…or else…face fines/penalties/prosecution/access to U.S. financial markets etc. This law is known as FACTA (Foreign Account Tax Compliance Act). Today’s article on Bloomberg does a good job in describing this very disturbing law and progression of our governments reach. It appears as though we’re not only acting as big brother to U.S. citizens, but perhaps to the entire world. Below are several key points to consider: Read more
Good morning everyone! You may be asking yourself, what is an “EMV Card”, why the switch, and how does this impact me as a business owner? The answers to these questions came from one of the product suppliers/services that we use in our own business, and we personally recommend to any business owner looking to quickly, simply and inexpensively process payments. Whether you’re a professional service provider, small technology company, brick & mortar company or even a start-up business, we recommend that you seriously consider using Square as part of your business technology and payment solution. Read more