New $100,000 CREDIT CARD Visa Infinite “made of PURE GOLD, with PEARL embossing and 26 DIAMONDS”

“Visa Infinite Exclusive cards – made of pure gold, with pearl embossing and 26 diamonds – to its top 100 customers in the energy-rich country [Kazakhstan].

According to ABC News, the card will cost $100,000, of which $65,000 is needed to mint it, with the rest added to its balance.”

http://www.finextra.com/News/Fullstory.aspx?newsitemid=24237

A true economic recovery could be bearish for stocks?

From The Mercenary Trader:

A few years back, top value investor Seth Klarman called this a “Twinkie” market – an unnatural concoction stuffed with artificial ingredients.

The twinkie manufacturers, of course, are the world’s central banks. Whenever things have looked terrible, the CBs stepped in with stimulus and jawboning. (Hence the ‘artificial ingredients.’)

The routine intervention of the Central Banks, plus the Greenspan Put transitioning to the Bernanke Put, have further led to [...]

STUDY: Oral Sex Cures Morning Sickness

ALBANY, N.Y. (CBSDC) – Pregnant women have used natural remedies such as a teaspoon of ginger or a mint to help battle morning sickness. But now, one medical professional believes you can add oral sex to that list.

According to Gordon Gallup, a psychologist at SUNY-Albany, the best way to cure morning sickness during pregnancy is sperm.

But not just any sperm, it should be the sperm of the person who got you pregnant.

http://washington.cbslocal.com/2012/08/10/study-oral-sex-cures-morning-sickness/

Bernie Sanders: “Wall Street drives us into a recession & Mr Romney wants to deregulate them more”

 

Sen. Bernie Sanders is force for Wall Street to reckon with: bankers do not own him. Wednesday Chief executive and chairman of JPMorgan Chase Jamie Dimon sat before the Senate Banking Committee and without taking a breath, Sen. Jim De Mint stated, “We can hardly sit in judgment of your losing two billion.” Dimon’s firm lost billions making risky bets with depositor funds on the line and was given a full pardon by De [...]

Berlusconi: “… it would be better out of euro, but in the EU”

Former prime minister: “I have crazy ideas for the future.” It launches its proposal on the coin. Alfano: “Stop those who play in shambles.” Cicchitto: “No combination of moderate, not longer support the government Mountains.” Italy Futura: “Do not embark castaways”

ROME - It ‘a Silvio Berlusconi show the intervention of former premier meeting of the party groups. “I tell my crazy idea. If no other currency is printed by the ECB, we print our own currency [...]

John Boehner confirms that he’s seeking to repeat last year’s economy-destroying debt ceiling showdown:

House Speaker John Boehner has no regrets about the economy destroying debt ceiling showdown that happened last year. On the contrary, speaking at the Peterson Foundation’s fiscal summit he promised to do it all over again an essentially unlimited number of times, arguing that the principle of $1 in spending cuts for every $1 in new borrowing authority is a good one.

That’s bad enough, but as I wrote last week it’s made [...]

Meet the OTHER new Instagram millionaires – including the freelance designer who joined less than THREE WEEKS ago

The latest Instagram employee to join the company and share in the $100million windfall after it was bought by Facebook was hired by the company less than three weeks ago, MailOnline can reveal.

Maykel Loomans was scraping a living working as a freelance software designer in Holland until he was given as job by the photo sharing app on March 22.

Three other employees also joined in March meaning they just about [...]

Doc Eifrig: This is an incredibly easy way to keep track of your finances… Never miss another bill or overspend again…

From Dr. David Eifrig in Retirement Millionaire:

There’s a simple way to organize all your finances… and an easy way to avoid overspending.

Mint.com is a free online program that automatically categorizes spending, creates budgets, and helps you set goals. To get started with Mint, you enter you bank accounts, trading accounts, credit cards, and loans onto Mint’s secure website.

You’ll need the username and password you use to access your different accounts. But [...]

In my opinion, debt reduction has to start with a process before ever getting to the actually paying down money part.

Here’s my two cents.

Some background.  We have been through Dave Ramsey’s Financial Peace program and found it worthwhile, though we don’t follow all his advice to the letter aka we are not Dave Ramsey disciples.  It did (and does) provide a solid foundation to start from.

Full disclosure: We are debt free except for our mortgage, BUT we didn’t start that way.  :(

1.  Have a budget. 

It is BY FAR the hardest part of [...]

Soros: EU break-up would be catastrophic and is more serious and more threatening than the crash of 2008. Unfortunately, they haven’t yet solved the acute financial crisis and that is causing the situation to deteriorate

From Reuters:

A collapse of the euro and break-up of the European Union would have catastrophic consequences for the global financial system, billionaire investor George Soros was quoted as saying.

“Today, the euro is potentially endangering the political cohesion of the European Union,” the Business Line newspaper cited Soros as saying in the south Indian city of Hyderabad.

“If the common currency were to break down, it will lead to the break up [...]

Third strike on Herman Cain:

1.) A former Chairman of the Board of the Federal Reserve Bank of Kansas City who whole-heartedly endorses Alan Greenspan.

2.) Servile pandering to the Tea Party in the most stereotypical ways: Guns, God, Anti-Gub’mint, throwback references to the colonial era

3.) Longtime ties to the Koch Brothers:

Long ties to Koch brothers key to Cain’s campaign

Republican presidential hopeful Herman Cain has cast himself as the outsider, the pizza magnate with real-world experience who will bring fresh ideas [...]

Coining Terrorism?

In response to the US dollar’s declining value some citizens and states are making moves to mint their own alternative currencies. At least one has been convicted on counterfeiting charges and labeled a domestic terrorist by the US attorney. More are still trying to get their currencies circulating. With the Fed talking about more quanitative easing and the country facing trillions of dollars in [...]

I helped my friend reform his credit cards, and this is what we got, rounded to the nearest dollar:

by Martin

He currently is paying $270 to his cards per month. I’m assuming this will remain constant. He uses Mint, so this is the known-average since he landed his current job, about 8 months ago (recent college graduate).

I used this calculator to estimate minimum payments
http://www.bankrate.com/calculators/managing-debt/minimum-payment-calculator.aspx

And this one to figure out the payment scheme (ignore the fact that it’s not labeled in USD since the math [...]

Silver Closes Well Above $30 As The Dip Is Now Fully Bought

It looks like the much maligned correction in silver is over. After surging nearly 3% on the day, silver is now back above the 20, 50 and 100 DMAs, and what was formerly resistance is now support. In fact, silver is less than $1 away from its recent nominal highs of $31.2375. It appears that speculators have Bought TFD with a vengeance. Hopefully, this also [...]

This infographic shows you how to crack that code:

by mint.com

Those 16 digits are there for a reason and, knowing a few simple rules, you could actually learn a lot about a credit card just from its number.

National debt graphs

by Saxplayer00o1

Federal Government Debt: Total Public Debt (GFDEBTN)

Running the government on 8¢

“NEW YORK (CNNMoney) — Those who clamor for more “limited government” rarely define what they mean. But assuming nothing changes over the next decade, Americans could be left with a de facto limited government — limited in what it will be able to do.

Today, the United States spends roughly 76 cents of every federal tax [...]

An Interactive Look At America’s Poor

by Missing_Link

Budget Planner – Mint.com

What I’d REALLY like to see is a multi-level map showing:

* Poverty level
* RECENT poverty level (change in poverty level since 2005)
* Political leaning (Democrat/Republican)
* Mortgage default/bankruptcy status

Funny thing … I tried overlaying a map of political leaning over a map of areas most affected by the [...]

The modern Banking system manufactures money out of nothing.

The process is perhaps the most astounding piece of sleight of hand that was ever invented. Banks can in fact inflate, mint and unmint the modern ledger-entry currency.

How they did it was in 1933, after they ‘put’ in Roosevelt, they contracted under color of law to have the Treasury print up ‘dollars’ for 4 cents per note. The Treasury was paid 4 cents whether it was a one dollar note [...]