Saturday, January 29, 2011

Prophecy : The Day the Dollar Died

This is
G&G Investment Society (GGIS)
e-Newsletter

Prophecy : The Day the Dollar Died

Alafia (Peace & Blessings) G&G Readers,

This is a well done video that outlines what I have been telling you for the past three years. When...not if..this occurs are you prepared?

http://www.youtube.com/watch?v=2N8gJSMoOJc&feature=watch_response

Several months ago, I offered to new GGIS Subscribers the book "Aftershock" which outlines this entire process. Some people are still saying nothing like this will ever occur. I say wake up and open your eyes, history only repeats itself.

Listen to the audio from Franklin D. Roosevelt's (FDR's) speech when he closed the banks in 1933. Back then...people didn't trust the banks and many didn't place there money in the bank like people do today and look what happened back then in 1933. Now, imagine how you would survive today if Obama has to repeat history and people in the US all of a sudden couldn't use their ATM and credit cards.

http://www.emersonkent.com/speeches/on_the_bank_crisis.htm

I'm extending this offer again, sign up to become a GGIS subscriber before the end of February 2011, and I'll send you a free copy of the book "Aftershock" or you can go to Amazon.com and purchase it yourself.

-----------------------------------
Internal Sponsorship

With the falling dollar and the explosion in gold, silver, oil and other natural resource prices, you need to stay on top of your game and manage your "OWN Finances."

Become a GGIS subscriber now and you'll be sure that we make sure you stay on top of your Tax and Financial Future to make sure your BUSINESS … AT HOME is protected. Remember…most people look after their bosses business, but fail to look after their own business at home.

To become a member of the G&G Investment Society newsletter subscription, send an e-mail to GGIS@gngassoc.com and/or visit our website at www.gngassociates.net and click on the "Products & Services" link and we'll get you signed up right away.

DON'T WAIT ANOTHER DAY!
- 1 year subscription - $99
- 2 year subscription - $189
- Lifetime subscription - $399

** If you sign up for a 2 year or Lifetime subscription, you'll also get a free one hour Tax & Financial consultation (a $200 value).

If you need a one-on-one consultation to evaluate your financial situation, contact me to setup an appointment and get 2011 started off on a good note.
Until the next time,

Ankh Uja Snb (Life, Health, Strength),

Asar Gary Gray
Tax & Financial Consultant, RFC
G&G Associates
757-251-0174 office
866-361-3872 toll free fax
www.gngassociates.net

G&G Associates & G&G Travel are on Facebook, join our fan page.

"Never love anything that can't love you back. Your investments can't love you back"
Warren Buffet


P.S. If you're not a GGIS Paid Subscriber reader yet, it's not a bad way to start the year. Currently, our GGIS portfolio is packed with great plays to kick-start your portfolio for 2011.

P.S #2 If you are looking to Travel and looking for steep discounted travel, visit www.gngassociates.net, click on the "G&G Travel" link and let your travel planning begin. Let us know where you want to go and we'll do our best to find you the best deal your money can buy. Become a Fan of G&G Travel on facebook.


LEGAL NOTICE: This work is based on SEC filings, current events, interviews, corporate press releases and what I've learned as a financial consultant. Nothing herein should be considered personalized investment advice. It may contain errors and you shouldn't make any investment decision based solely on what you read here. It's your money and your responsibility.

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Thursday, January 27, 2011

*IRS to Start Processing Delayed Returns on Feb. 14

This is
G&G Associates Tax & Financial Consulting
e-Newsletter

*IRS to Start Processing Delayed Returns on Feb. 14
Most People Unaffected and Can File Now*

Imhotep (Wisdom To You) G&G Readers,

WASHINGTON -- The Internal Revenue Service plans a Feb. 14, 2011 start date for processing tax returns delayed by last month's tax law changes. The IRS reminded taxpayers affected by the delay they can begin preparing their tax returns immediately because many software providers are ready now to accept these returns.

Beginning Feb. 14, the IRS will start processing both paper and e-filed returns claiming itemized deductions on Schedule A, the higher education tuition and fees deduction on Form 8917 and the educator expenses deduction. Based on filings last year, about nine million tax returns claimed any of these deductions on returns received by the IRS before Feb. 14.

People using e-file for these delayed forms can get a head start because many major software providers have announced they will accept these impacted returns immediately. The software providers will hold onto the returns and then electronically submit them after the IRS systems open on Feb. 14 for the delayed forms.

Taxpayers using commercial software can check with their providers for specific instructions. Those who use a paid tax preparer should check with their preparer, who also may be holding returns until the updates are complete.

Most other returns, including those claiming the Earned Income Tax Credit (EITC), education tax credits, child tax credit and other popular tax breaks, can be filed as normal, immediately.

The IRS needed the extra time to update its systems to accommodate the tax law changes without disrupting other operations tied to the filing season. The delay followed the Dec. 17, 2010 enactment of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, which extended a number of expiring provisions including the state and local sales tax deduction, higher education tuition and fees deduction and educator expenses deduction.


-------------------------------------------------
Internal Sponsorship:

G&G TAX PREPARATION SERVICES

G & G Associates is a Black-Owned Business focused on easing our client's minds on tax compliance matters. With the ever changing and burdensome tax code, overwhelming and confusing federal and state tax forms and increasing IRS scrutiny over most tax items, taxpayers need to have at least this one part of their lives made easier, less stressful and more profitable.

Our expert help includes our:
In-Depth Interview — a thorough and complete experience designed to unearth every tax savings opportunity during the course of your tax preparation. We use these to the latest IRS guidelines to guide you through a painless, interactive session so that together, we catch every single detail that results in more tax savings for you.

We can service clients anywhere in the world and we look forward to assisting you in getting your tax return prepared for the 2010 tax season. (Referrals available upon request).

If you are a returning client you'll get a 25% discount off your tax preparation fees. If you are a new client you'll get $40 off with this offer if you file your taxes before March 15th, 2011. If you are a senior citizen (above 65) you get a 50% discount.

At G&G Associates, we GUARANTEE to beat any other tax professional's fees. We take pride in not nickeling and diming our customers with unnecessary charges & fees.

Do you have a friend, co-worker or family member who might be interested in G&G Associates Tax Preparation Services? If so, then you can earn $40 for everyone you refer that files their 2010 tax returns with us. Just refer that person, and when we complete their tax return we will send you a check for $40. To make the deal even sweeter, after (4) four referrals you will get your 2010 or 2011 taxes done for free.

For INSTRUCTIONS on how to get your taxes prepared visit our website, click on the "TAXES" tab and then download the "Tax Preparation Worksheet," or the left side of the page or click on the following link: http://www.gngassoc.com/pdf/Tax_Prep_Worksheet.pdf

-------------------------------------------------
*** G&G Tax Preparation Services "Price Guarantee"; We Guarantee to beat any other "tax professional's" price.

Also, all new clients get a 50% discount off the 1 – year annual subscription to G&G Investment Society (GGIS) paid newsletter service a ($49) value.
Also, all new clients will get a "FREE" 1 hour Financial Success Strategy Consultation appointment a ($200) value.

We also pay a $40 (unlimited) referral fee for any client you refer that gets their 2010 taxes completed with G&G Associates.
----------------------------------------------------------------------------

"The hardest thing in the world to understand is income taxes." Doing Your Taxes doesn't have to be difficult. You could do it yourself but that's like changing your own oil, what else could be wrong with the car? Let us do the job for you accurately and efficiently to get you all the money you deserve.

Visit our website for more information or contact us today to set your appointment.

Until the next time!

Ankh Uja Snb (Life, Strength, & Health),
Asar Gary Gray
Tax & Financial Consultant, RFC
G&G Associates
757-251-0174 office
866-361-3872 toll free fax
www.gngassociates.net

G&G Associates & G&G Travel are on Facebook, join our fan page.

**You must be a G&G Associates tax client to receive the $40 referral fee

*** [Price Guarantee does not apply to individuals, corporations or partnerships filing refunds pertaining to Revenue Ruling 2009-20/2009-09, 'Ponzi Schemes']

P.S. If you're not a GGIS Paid Subscriber reader yet, it's not a bad way to start the year. Currently, our GGIS portfolio is packed with great plays to kick-start your portfolio for 2011.

P.S #2 If you are looking to Travel and looking for steep discounted travel, visit www.gngassociates.net, click on the "G&G Travel" link and let your travel planning begin. Let us know where you want to go and we'll do our best to find you the best deal your money can buy. Become a Fan of G&G Travel on facebook.

Change Subscription:
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Friday, January 21, 2011

Your Dollar Really Ain’t Worth Much?

This is
G&G Associates Tax & Financial Consulting
e-Newsletter

Your Dollar Really Ain't Worth Much?

Karibu (Welcome) G&G Readers,

If you haven't figured it out yet, I'm a trader. I eat, sleep and breathe the $4 trillion Forex market on any given day. But that's just my night job…

Regardless… I get paid in U.S. dollars like 300 million or so other Americans. That means my I have to pay for groceries, gas, cable, water, etc. with dollars just like everyone else here in the U.S.

So like you, I have a vested interest when the U.S. dollar buys me less. In economic terms, that's known as purchasing power.

Now as a trader, I can tell you the dollar has lost against nearly all major currencies in the Forex market since the late '90s. But I'd like to step outside of the Forex world for just a moment and discuss just how the dollar has sunk beyond of the realm of currency trading, for all of you, who like me have to pay for your items with dollars…and explain the effects on your portfolio and your pockets.


2001 Dollars and 2011 Dollars Are NOT the Same Thing

Just to show you how weak the dollar is for consumers, let's look at how many "extra dollars" it now takes to buy things nowadays.

To illustrate this, let's review the common goods you would have purchased roughly 10 years ago (2001 actually).

How Currencies Have Jumped vs. the Dollar in the Forex Market

(From 2001 – Present Day)

Japanese yen: Up 57%
Aussie dollar: Up 51.9%
Swiss franc: Up 51.4%
Canadian dollar: Up 44%
New Zealand dollar: Up 31%
Norwegian krone: Up 26%
Euro: Up 22%
Swedish krona: Up 19%

An average house cost $129,000. Now it's $172,000 (33% increase)…and that's after the real estate market crashed in 2008.

A gallon of gas was $1.15 and now it's almost three times that at $3.15 (actually 274% higher)!

A loaf of bread was $1.26. It's now $2.79 (121% higher).

A dozen eggs cost 88 cents, now $2.89 (228% higher).

A postage stamp was 32 cents. Fast forward to 2011, and its 44 cents (38% higher).

What can we thank for the higher prices? Well, as strange as it sounds in this current post-recession, still deflationary environment, inflation stole your dollar's value over the last decade.


Why Most Americans Don't See the Dollar is Dropping

Inflation – especially over the years – is so subtle that most people don't notice.

It's a lot like boiling crabs in a pot.

If you drop a crab into boiling water, your crab will try to escape. But if you drop a crab into warm water, and slowly turn up the heat, the crab won't realize it and before they know it…they are boiling.

Guess who's the crab now? The American consumer.

The U.S. government and its close cousin, the Federal Reserve is pretty slick. They turn up the inflation heat by eroding your dollars slowly. But it's consistent enough to where your dollar is worth much less just 10 short years later.

Think about it. If I'd told you that tomorrow morning you will pay 274% higher for gas and 121% higher for a loaf of bread…you would freak out. There would be rioting in the streets. (A lot like what's happening in Tunisia today.)

Of course, the U.S. government knows that too.

So the Federal Reserve ratchets up inflation just fast enough to help their causes (like paying back their debts with cheaper dollars)…but they do it slow enough to where most Americans won't notice.

The Dollar's Purchasing Power Has Dropped 27% Since 2001

Now sure you can look at gas prices, and see inflation creeping back into the market. But the reality is the costs of EVERYTHING you need are going up astronomically and the dollars in your pocket buy less and less all the time.

What's even worse is that while the costs of goods are on the rise again…unemployment is hitting its highest levels in 26 years. So that means that companies won't raise salaries to keep up with the ever-rising cost of living.

And unfortunately prices are only going higher from here. In fact, in the next decade, prices could be another 50-200% higher than they are now.


Three Ways to Protect You and Your
Family Against the Falling Dollar

You don't have to be a Forex trader to be affected by the falling dollar. No, just make a trip to the grocery store or try to fill up your tank, and you also have a vested interest in how the dollar performs.

Now of course, none of us can stop inflation. But there is a way to hedge against it, and the falling dollar. Here are a few ideas how…

1) Diversify at least 20% of your portfolio into stronger foreign currencies including the Canadian, Aussie & Singapore dollar. You can do this easily with currency ETFs or direct access accounts if you're not ready to jump into FX trading.

2) Calculate how much you have to spend on stocks and bonds for the next year, and then drop 30% of that into gold or silver. Again, you can easily do this with gold or silver ETFs but I recommend getting physical bullion. Money in your hand is always better than in someone elses.

3) Look at your retirement plan. If your entire IRA is in dollars, consider upgrading with long-term foreign currency options.

Bottom line: The dollar is losing on all counts. As a trader, I can see the dollar's overall decline happening on a day-to-day basis. But as a consumer, you can feel the dollar dropping where it really hurts – your wallet. Take action now to protect yourself.

To find out what investments I'm talking about to protect your savings and diversify out of the dollar calamity that will occur, sign up today to become a G&G Investment Society (GGIS) today.

A one-year subscription costs $99. Your subscription includes:

#1. 12 Monthly issues of investment reports sent to your e-mail, called: G&G Investment Society (GGIS) portfolio. The second week of each month, I'll send you my monthly GGIS portfolio. I'll keep you up to date on exactly what's going on regarding the current and future financial crisis, and I'll show you some unusual and incredible ways to make money now and as it all begins to unfold.

#2. Research Report: The 4 Investment Assets You Do NOT Have to Report to the U.S. Government. Desperate governments do incredibly desperate things, so you should make sure you own at least one or two of the valuable assets that you do not have to report to the government. This is completely legal, and vital to getting rich in the coming currency crisis.

#3. Research Report: Mining Royalties. How to claim your share of the World's most profitable Gold Mines. Sit back and receive payments from Royalties as the price of Precious Metals continues to climb as the Fed and Governments throughout the world continue to print fiat money and not control their deficit spending.

#4. Research Report: Secrets of the Silver Market. I expect silver to soar at least 400% to 500% above today's price, over the next few years. This thorough report shows you the best ways to buy, hold, and store silver. I'll show you how to get really cheap silver, straight from the U.S. government… and even a way to store it cheaply in a private Swiss vault, if you're interested.

#5. Research Report: How to Buy Government Backed Silver for $1.41

#6. Research Report: Urgent Retirement Report. Washington has crippled our country with debt. And now they're making plans to fill that black hole by nationalizing your retirement savings! Your 401(k), TSP, your IRA. Maybe even your money market and bank accounts. They want to grab it all now. And dish it back to you – a little at a time – when you retire. Revealed inside this report… The most insidious plot the government has ever hatched – to nationalize your retirement and STEAL YOUR WEALTH outright.

#7. The G&G e-Newsletter. Also, twice a week, I'll send you the G&G e-Newsletter giving you my weekly email that details what I think are the most important financial events of the moment.

#8. Subscribers-only access. You'll also get subscribers-only access to my investment research archives. Right now, there are several other investments I recommend you consider buying immediately.

#9. 25% off discount 2010 Tax Preparation Services: All GGIS Subscribers will get a 25% discount in getting their 2010 tax returns prepared and for as long as you are a current GGIS subscriber.

I hope you agree that's fair. And I hope you take advantage of these opportunities right away. You will put yourselves among a very small group of Americans who actually come out ahead after this currency crisis unfolds.

To become a member of the G&G Investment Society newsletter subscription, send an e-mail to GGIS@gngassoc.com and/or visit our website at www.gngassociates.net and click on the "Products & Services" link and we'll get you signed up right away.

DON'T WAIT ANOTHER DAY!
- 1 year subscription - $99
- 2 year subscription - $189
- Lifetime subscription - $399

** If you sign up for a 2 year or Lifetime subscription, you'll get a free one hour Tax & Financial consultation (a $200 value).

If you need a one-on-one consultation to evaluate your financial situation, contact me to setup an appointment and get 2011 started off on a good note.

Until the next time,

Ankh Uja Snb (Life, Health, Strength),

Asar Gary Gray
Tax & Financial Consultant, RFC
G&G Associates
757-251-0174 office
866-361-3872 toll free fax
www.gngassociates.net

G&G Associates & G&G Travel are on Facebook, join our fan page.

"Any fool can make something complex, but it takes a genius to make something simple"
Woodie Guthries


P.S. If you're not a GGIS Paid Subscriber reader yet, it's not a bad way to start the year. Currently, our GGIS portfolio is packed with great plays to kick-start your portfolio for 2011.

P.S #2 If you are looking to Travel and looking for steep discounted travel, visit www.gngassociates.net, click on the "G&G Travel" link and let your travel planning begin. Let us know where you want to go and we'll do our best to find you the best deal your money can buy. Become a Fan of G&G Travel on facebook.


LEGAL NOTICE: This work is based on SEC filings, current events, interviews, corporate press releases and what I've learned as a financial consultant. Nothing herein should be considered personalized investment advice. It may contain errors and you shouldn't make any investment decision based solely on what you read here. It's your money and your responsibility.


Change Subscription:
http://sub.ezinedirector.net/?fa=m&s=123321332&c=964977328

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Wednesday, January 19, 2011

Refund Anticipation Loan (RAL's)...A Ripoff

This is
G&G Associates Tax & Financial Consulting
e-Newsletter

Refund Anticipation Loans Generally A Ripoff

Imhotep (Wisdom To You) G&G Readers,

With the filing season about to start, a lot of people are turning to professional tax preparers to assist with their returns. But those services can come at a steep cost, and a recent study found that they're also steering hundreds of millions of dollars away from recipients of the Earned Income Tax Credit. That means, essentially, that the federal government (and taxpayers) are providing massive subsidies to companies instead of the working poor for whom the program was intended.

Two weeks - that's what you get for your money when you agree to sign on for a tax refund anticipation loan (RAL). What does your tax preparer get? Once the fees are tallied, this two-week loan, oh so generously offered, often works out to better than a 100% annual percentage rate in the lender's favor. And you thought the interest rate on your credit card was bad!

When you break down the numbers, it's a wonder that anyone agrees to take on a refund anticipation loan, yet in 2009, more than 8 million taxpayers took out such loans, according to the National Consumer Law Center (NCLC). In this article we'll take a hard look at these loans so that you have the information you need to decide whether they're worth the price you pay. (For insight on constructive ways to spend your refund, read Don't Waste Your Tax Refund.)

The Basics

Refund anticipation loans, also known as RALs or instant refunds, are short-term loans offered on the basis of your tax refund. With an RAL, a tax preparer will offer you a payout somewhat smaller than your actual refund, but make it available immediately, so you won't have to wait for the IRS to cut you a check or deposit the money into your account. The preparer will then take the entirety of your tax refund.

If you have your taxes prepared by any of the big tax preparation services, like Liberty Tax Service or Jackson Hewitt (NYSE:JTX) - or even many of the smaller tax preparation services - you will probably be offered an RAL. To get the loan, you'll be asked to pay a loan origination fee in addition to your electronic filing fee. If you choose to accept such a loan, you'll receive a check immediately for the total amount of your refund, minus the loan origination fee and other fees associated with preparing both your tax return and your RAL. From the taxpayer's point of view, that's all there is to getting a tax refund anticipation loan. You don't have to pay back your loan or take care of any future paperwork. Instead, you sign a form that allows your tax preparer to receive your refund check. Then, your tax preparer cashes the check and keeps it to cover your loan.

In addition to paying $450 million in RAL fees each year, EITC recipients pay $845 million for tax-preparation, electronic filing, and check-cashing. In all, the report concludes, tax-preparation and RAL services take more than $1.3 billion a year intended for low-income taxpayers.

The Costs

The fees that most tax preparers charge for tax refund loans verge on predatory, much like payday and title loans. While the fees may seem small when compared to the size of the refund, an RAL can be incredibly expensive once you consider the shelf life of the loan. After all, with modern electronic filing, you can have your tax refund directly deposited into your bank account in less than two weeks. In 2006, the NCLC and the Consumer Federation of America conducted a joint study on tax refund loans. They found that a consumer will pay approximately $100 for a refund of approximately $2,150. In effect, your impatience costs you almost 5% of your return.

Because the loan is so short-lived, the cost of the loan often outweighs its usefulness. According to a report from Georgetown University's Credit Research Center, the actual APR of many tax refund loans is more than 100%. (What's APR? Read "APR Vs. APY: How The Distinction Affects You" http://www.investopedia.com/articles/basics/04/102904.asp)

As a less-expensive alternative, you could adjust your W-4 form with your employer to reduce withholding from your paycheck; you'll have a smaller tax refund, but more money available to you in each paycheck. Furthermore, this option has no fees associated with it. (Still confused by your taxes? Visit G&G Associates audio archive for free tax webinars on how to appropriately adjust your W-4).

The Preparer's Point Of View

RAL providers argue that the cost of the loan is justified by the riskiness of the loan, on the basis that there is a chance that the IRS will not issue a refund for a given tax return or will issue a reduced refund. For most RALs, there is no procedure for a tax preparer to request the return of a loan.

These loans are made possible by electronic filing: when a tax preparer submits your income tax return electronically, he or she receives confirmation within 24 hours that your tax return is error free. RALs are a good deal for tax preparers because there is a very good chance that the loan will be repaid in full. While tax preparers argue that the 24-hour waiting period represents a risk on their part, there is practically no chance of a tax preparer losing money if he or she has correctly prepared your tax return. In light of this, these loans aren't the best deal for taxpayers, especially those who can afford to wait the two weeks that is usually required to receive a federal tax refund from an electronically filed return.

Well...at G&G Associates we "DO NOT" offer and we "REFUSE" to offer these products to our clients even though we can. We take pride in not nickeling and diming our clients on ridiculous fees, and we surely aren't in the business of "RIPPING" our clients off by offering RAL's. By offering these products, we would be participating in "FINANCIAL ROBBERY" of our clients and believe me the Government and Corporate America does that enough already.

G&G Associates takes pride in helping our clients understand the power of interest and if you are paying 67 - 774% in interest in fees, but only making 1-3% in interest on your savings "YOU WILL NEVER" get ahead.

Remember, our society wants you to stay in a condition where your head is barely out of water. But, at G&G Associates we aim to get you in the position to walk on water. To make sure you have your documents completed properly, contact G&G Associates Tax & Financial Consultant Services and leave the tax filing to us.

The Future of Instant Refunds

The IRS hopes to unveil a new tax filing system by 2012 called the Customer Account Data Engine (CADE). This system will be able to process income tax returns and refunds within a 24-hour period, and taxpayers will receive their refunds within three days. The CADE system is expected to eliminate RALs entirely.

In the meantime, tax refund anticipation loans are widely available. Supporters of RALs describe them as a useful way of handling unexpected medical expenses, overdue credit bills and other expenses. However, the short-term nature of these loans makes them problematic at best.

-------------------------------------------------
Internal Sponsorship:
G&G TAX PREPARATION SERVICE

G & G Associates is a Black-Owned Business focused on easing our client's minds on tax compliance matters. With the ever changing and burdensome tax code, overwhelming and confusing federal and state tax forms and increasing IRS scrutiny over most tax items, taxpayers need to have at least this one part of their lives made easier, less stressful and more profitable.

Our expert help includes our:
In-Depth Interview — a thorough and complete experience designed to unearth every tax savings opportunity during the course of your tax preparation. We use these to the latest IRS guidelines to guide you through a painless, interactive session so that together, we catch every single detail that results in more tax savings for you.

We can service clients anywhere in the world and we look forward to assisting you in getting your tax return prepared for the 2010 tax season. (Referrals available upon request)

If you are a returning client you'll get a 25% discount off your tax preparation fees. If you are a new client you'll get $40 off with this offer if you file your taxes before March 15th. At G&G Associates, we GUARANTEE to beat any other tax professional's fees. We take pride in not nickeling and diming our customers with unnecessary charges & fees.

Do you have a friend, co-worker or family member who might be interested in G&G Associates Tax Preparation Services? If so, then you can earn $40 for everyone you refer that files their 2010 tax returns with us. Just refer that person, and when we complete their tax return we will send you a check for $40. To make the deal even sweeter, after four referrals you will get your 2010 or 2011 taxes done for free.

For INSTRUCTIONS on how to get your taxes prepared visit our website, click on the "TAXES" tab and then download the "Tax Preparation Worksheet," or the left side of the page or click on the following link:

http://www.gngassoc.com/pdf/Tax_Prep_Worksheet.pdf

-------------------------------------------------
*** G&G Tax Preparation Services "Price Guarantee"; We Guarantee to beat any other "tax professional's" price.

Also, all new clients get a 50% discount off the 1 – year annual subscription to G&G Investment Society (GGIS) paid newsletter service a ($49) value.

Also, all new clients will get a "FREE" 1 hour Financial Success Strategy Consultation appointment a ($200) value.

We also pay a $40 (unlimited) referral fee for any client you refer that gets their 2010 taxes completed with G&G Associates.

----------------------------------------------------------------------------

"The hardest thing in the world to understand is income taxes." Doing Your Taxes doesn't have to be difficult. You could do it yourself but that's like changing your own oil, what else could be wrong with the car? Let us do the job for you accurately and efficiently to get you all the money you deserve.

Visit our website for more information or contact us today to set your appointment.
Until the next time!

Ankh Uja Snb (Life, Strength, & Health),

Asar Gary Gray
Tax & Financial Consultant, RFC
G&G Associates
757-251-0174 office
866-361-3872 toll free fax
www.gngassociates.net

G&G Associates & G&G Travel are on Facebook, join our fan page.

**You must be a G&G Associates tax client to receive the $40 referral fee

*** [Price Guarantee does not apply to individuals, corporations or partnerships filing refunds pertaining to Revenue Ruling 2009-20/2009-09, 'Ponzi Schemes']

P.S. If you're not a GGIS Paid Subscriber reader yet, it's not a bad way to start the year. Currently, our GGIS portfolio is packed with great plays to kick-start your portfolio for 2011.

P.S #2 If you are looking to Travel and looking for steep discounted travel, visit www.gngassociates.net, click on the "G&G Travel" link and let your travel planning begin. Let us know where you want to go and we'll do our best to find you the best deal your money can buy. Become a Fan of G&G Travel on facebook.


Change Subscription:
http://sub.ezinedirector.net/?fa=m&s=123321332&c=964976589

Cancel Subscription:
http://sub.ezinedirector.net/?fa=r&id=123321332&c=964976589

Tuesday, January 18, 2011

Congressman Ron Paul...''Texas Straight Talk'

This is
G&G Associates Tax & Financial Consulting
e-Newsletter

Congressman Ron Paul...''Texas Straight Talk'

Karibu (Welcome) G&G Readers,

From Congressman Ron Paul, in his weekly ''Texas Straight Talk'' column on his House of Representatives website, on January 10th:

''Our government is based on a system of checks and balances. With no check on the Fed, it is no surprise it has thrown the economy wildly off balance. The solution is not to re-inflate the bubbles the Fed created, or to continue to devalue the currency, or to throw billions at failing banks and corporations. The solution is to return sanity and freedom to monetary policy. Forcing the entire country to use a medium of exchange that is subject to the whims of elite bankers and their cronies on Wall Street is not sanity. Hoping that an unchecked, all-powerful, behemoth banking cartel will solve any economic problem is not sanity.

The problems the Fed was originally created to solve now look miniscule compared to the problems it has created. If 'political independence' erodes the purchasing power of the currency by 98%, destabilizes the economy with radical booms and busts, all while increasing unemployment and tipping us ever closer to hyperinflation, perhaps it is time to try a little transparency and accountability instead. Better still -- we should try giving the people true economic freedom.''

''It is nothing short of cruel and criminal for Congress to stand idly by while the life savings of Americans are inflated away to nothing. It is high time Congress insist on getting complete information on what the Fed has been doing, and for whom. My hope is that exposing the truth will demonstrate the insanity of the status quo and more people will call for sensible changes, such as legalizing competing currencies.''

. . . and from Richard Russell, editor of Dow Theory Letters, in remarks posted on his website on January 12th:

''Nixon slammed the gold window down in 1971 because France was calling in so much US gold that it frightened the administration. Incidentally, the US hasn't had a good word to say about France since. If the US made the dollar convertible into gold, there'd be a rush by internationals to swap their dollar holding for gold.

The US is reported to hold 262.5 million ounces of gold at Fort Knox and at the NY Fed. One strict measure of the US money supply is simply cash and coins, totaling $909.2 billion. If we divide gold into this measure, we get a price of $3,477 per ounce for gold.

OK, now let's use the M-2 money supply for the equation. Dividing gold into M-2 (which is $8,764 billion) gives us a price for gold of $33,514 per ounce (statistics courtesy of Richard Mayberry's great 'Early Warning Report').

So you can see if the US were to fully back the dollar with gold, the US would have to raise the price of gold roughly between $3,000 and $33,000 an ounce before it could fully back the Federal Reserve Notes with gold.''

. . . and from Jeff Reeves, in an ''Outside the Box'' column on MarketWatch on January 14th:

''There are several reasons to love gold right now. From the twin specters of a weak dollar and commodity inflation, to the recent all-time highs north of $1,430 an ounce, to returns that doubled the broader market in 2010.

Yet investors who focus on gold and ignore silver could be missing an even better bet. Demand and performance numbers show that silver is beating gold handily right now and has been for a while. What's more, a look at the uses and possible supply bottlenecks of silver shows that this metal could have an upside gold may not enjoy in the new year.''

''Silver has lapped gold's gains better than three times over the past year, with appreciation of about 79% compared with 24% for gold. Silver also has better long-term performance, with three times gold's run in the past 20 years. Specifically, silver has posted gains of about 637% . . . compared with 255% for gold in the same period.''

''Still, the numbers show silver isn't yet near its historic ceiling when it comes to raw prices or valuation versus gold. And by the way, these are raw numbers that aren't adjusted for inflation. Based on that, silver's peak was actually around $130 an ounce in today's dollars.''

Yes, Ron Paul is a libertarian. But he has also been in Congress (off and on) since the 1970s, and he is now the chairman of the Joint Finance Committee. He knows more than almost anyone else about the true financial condition of the government. He is giving you a clear warning. What are you going to do about it?

Most people will do nothing. They will continue to assume tomorrow is likely to be pretty much the same. Sure, we might have some tough times... but this will pass. Nothing serious is going to happen.

If you feel this way, that's fine. But ask yourself these questions:

1) How high will gold have to get before you think something is seriously wrong?
2) How high will silver have to get?
3) How many banks will the FDIC have to close before you consider the dollar to be unsafe?
4) How many municipalities will have to go under before you think there's a crisis?
5) How European states will have to leave the euro before you begin to doubt the stability of the world's paper currencies?
6) How high will agriculture prices have to go before you see that a global food panic is underway?

I suggest you write down the answers to these questions now. Because almost no matter what you answered, you'll get to that point soon.

What should you do about this? It's pretty simple. First, you should use the correction in silver and gold to stock up on physical bullion. Make sure you've got a year's living expenses (at least) in gold and silver bullion. If you can, store a portion of it overseas.

To find out what investments you should be accumulating to prepare for the ultimate calamity that WILL occur, sign up today to become a G&G Investment Society (GGIS)subscriber.

A one-year subscription costs $99. Your subscription includes:

#1. 12 Monthly issues of investment reports sent to your e-mail, called: G&G Investment Society (GGIS) portfolio. The second week of each month, I'll send you my monthly GGIS portfolio. I'll keep you up to date on exactly what's going on regarding the current and future financial crisis, and I'll show you some unusual and incredible ways to make money now and as it all begins to unfold.

#2. Research Report: The 4 Investment Assets You Do NOT Have to Report to the U.S. Government. Desperate governments do incredibly desperate things, so you should make sure you own at least one or two of the valuable assets that you do not have to report to the government. This is completely legal, and vital to getting rich in the coming currency crisis.

#3. Research Report: Mining Royalties. How to claim your share of the World's most profitable Gold Mines. Sit back and receive payments from Royalties as the price of Precious Metals continues to climb as the Fed and Governments throughout the world continue to print fiat money and not control their deficit spending.

#4. Research Report: Secrets of the Silver Market. I expect silver to soar at least 400% to 500% above today's price, over the next few years. This thorough report shows you the best ways to buy, hold, and store silver. I'll show you how to get really cheap silver, straight from the U.S. government… and even a way to store it cheaply in a private Swiss vault, if you're interested.

#5. Research Report: How to Buy Government Backed Silver for $1.41

#6. Research Report: Urgent Retirement Report. Washington has crippled our country with debt. And now they're making plans to fill that black hole by nationalizing your retirement savings! Your 401(k), TSP, your IRA. Maybe even your money market and bank accounts. They want to grab it all now. And dish it back to you – a little at a time – when you retire. Revealed inside this report… The most insidious plot the government has ever hatched – to nationalize your retirement and STEAL YOUR WEALTH outright.

#7. The G&G e-Newsletter. Also, twice a week, I'll send you the G&G e-Newsletter giving you my weekly email that details what I think are the most important financial events of the moment.

#8. Subscribers-only access. You'll also get subscribers-only access to my investment research archives. Right now, there are several other investments I recommend you consider buying immediately.

#9. 25% off discount 2010 Tax Preparation Services: All GGIS Subscribers will get a 25% discount in getting their 2010 tax returns prepared and for as long as you are a current GGIS subscriber.

I hope you agree that's fair. And I hope you take advantage of these opportunities right away. You will put yourselves among a very small group of Americans who actually come out ahead after this currency crisis unfolds.

To become a member of the G&G Investment Society newsletter subscription, send an e-mail to GGIS@gngassoc.com and/or visit our website at www.gngassociates.net and click on the "Products & Services" link and we'll get you signed up right away.

DON'T WAIT ANOTHER DAY!
- 1 year subscription - $99
- 2 year subscription - $189
- Lifetime subscription - $399

** If you sign up for a 2 year or Lifetime subscription, you'll get a free one hour Tax & Financial consultation (a $200 value).

If you need a one-on-one consultation to evaluate your financial situation, contact me to setup an appointment and get 2011 started off on a good note.
Until the next time,

Ankh Uja Snb (Life, Health, Strength),

Asar Gary Gray
Tax & Financial Consultant, RFC
G&G Associates
757-251-0174 office
866-361-3872 toll free fax
www.gngassociates.net

G&G Associates & G&G Travel are on Facebook, join our fan page.

"Never love anything that can't love you back. Your investments can't love you back"
Warren Buffet


P.S. If you're not a GGIS Paid Subscriber reader yet, it's not a bad way to start the year. Currently, our GGIS portfolio is packed with great plays to kick-start your portfolio for 2011.

P.S #2 If you are looking to Travel and looking for steep discounted travel, visit www.gngassociates.net, click on the "G&G Travel" link and let your travel planning begin. Let us know where you want to go and we'll do our best to find you the best deal your money can buy. Become a Fan of G&G Travel on facebook.


LEGAL NOTICE: This work is based on SEC filings, current events, interviews, corporate press releases and what I've learned as a financial consultant. Nothing herein should be considered personalized investment advice. It may contain errors and you shouldn't make any investment decision based solely on what you read here. It's your money and your responsibility.

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Saturday, January 15, 2011

50 Cent makes Dollars (Follow him)


From Seko VArner,
Financial FREEdom
http://www.happilyeverafter.be/

Jan. 15, 2011: HipHopper 50 Cent Uses Twitter To Make $8.7 Million In One Day
Follow Fiddy's lead and profit as well !
When it comes to his style of Hip-Hop, I'm a fan. When it comes to money moves, I'm a follower. Follow this:
Posted Sat Jan 15, 2011 1:28pm PST by Billy Johnson, Jr.
Here is the full article link

Rappers have been known to influence interest in fashion trends, alcohol brands, and luxury automobiles. This week hip-hop mogul 50 Cent added the stock exchange to the list..

In just one day, 50 Cent's promotion of the publicly traded H&H Imports, Inc. raised the company's stock price from .10 to .39 per share..

The G-Unit head urged his 3.8 million Twitter followers to invest in the company. "TVG's stock went from 5 cent to 10 in one day," 50 wrote about the subsidiary of H&H. "You can double your money right now. Just get what you can afford.".

50's fans responded immediately, purchasing $50 million worth of the penny stocks. The New York rapper made $8.7 million from those exchanges..

Last October, 50 Cent received 30 million H&H shares in a private placement, the New York Post reported. Just days before encouraging his followers to purchase the stock, he premiered a joint effort with TV Goods, Inc., a set of headphones called Sleek By 50..

Using his influence to generate so much activity for a company in which he owned stock prompted some experts to speculate whether or not he may have violated insider trader laws..

Jonathan Macey, a professor of securities at Yale Law School, does not believe 50 Cent did anything wrong. "How can they call it a take if he didn't sell his stock?" Macey said in an interview with Esquire. "All he said was that it's a great company.".

Let's hope Macey is right. But to be safe, 50 has since deleted from his Twitter page all of the messages..

Jay-Z, another one of hip-hop's most successful entrepreneurs, also revealed new business venture this week. The "Empire State Of Mind" rapper invested in Buffalo Boss, a chicken-wing restaurant co-owned by his cousin, Jamar White. Located in Brooklyn, the eatery specializes in the organic and spicy appetizers.



~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Black Improvement Economics is a service of The Imani Foundation http://www.imanifoundation.com/
These posts provide information that may aid financial improvement. The information on this site is provided as opinion and should not be construed as professional legal advice, nor professional financial advice, nor professional tax advice. The end reader is advised to seek professional assitance to address one's particular situation. The posts on this site may be third party information and may not be copyrightwritten by the poster of the information.

Wednesday, January 12, 2011

This is
G&G Associates Tax & Financial Consulting
e-Newsletter

Update to the Writing is on the Wall

Karibu (Welcome) G&G Readers,

This is an update to the e-newsletter I published on Dec 14, 2010 “The Writings on the Wall.” If you missed that newsletter, go to www.gngassociates.net and click on the newsletter archive link.

As longtime readers know, I often introduce you to new techniques and strategies you're unlikely to learn about anywhere else. I've written extensively about why I believe most investors should focus on investing in precious metals... why selling stocks short will make your portfolio safer (not riskier)... and why hedging your portfolio in the ultimate collapse of the US Dollar is the only real way to make a lot of money without taking any risk at all.

This week, I want to give you something I know will be far more valuable than just learning about another strategy.

This is the most important financial problem you will ever face. And I want you to know exactly how this crisis will unfold, so you can completely protect yourself. Save this Newsletter. Print out a copy. Put it somewhere where you'll see it. Keep reminding yourself that this process is underway... and that you have to prepare NOW.

Why do you need to take steps now? Why not just wait and see what happens? Two reasons...

First, when you look at the numbers, you can see the problems we face will not be solved by any normal or legitimate means. How do I know this? Just consider this one fact: Even if federal tax revenue were doubled, we would still have an annual deficit.

I've got to be making that up, right? Surely that can't be true, right? It's true. Income tax receipts are roughly $900 billion a year. Corporate taxes are roughly $200 billion annually. That's $1.1 trillion in tax revenue. Our current government expenditure is $3.5 trillion. Even if you doubled tax revenue, we would still be facing a $1.4 trillion deficit.

"Wait a minute," you say. "How can that be? Doesn't the mainstream media report that our deficit is only around $1 trillion per year right now?" Yes, that's what they report. But that's because the government counts all $850 billion of payroll taxes (Medicare and Social Security) as current income. It's not. Those taxes are supposed to be funding the future liabilities of those programs, but we're spending all that money now. If a private corporation did the same thing, its executives would all go to jail.

Second, you have to act now because when the situation finally turns, it will happen suddenly. If our government suddenly finds itself unable to sell bonds at a reasonable price, the rule of law will evaporate overnight.

This will happen at some point. The only question is when. You don't have to believe me. Listen to what Congressman Ron Paul said in an interview:
They are going to have currency controls and exchange controls and limit the amount of money you can take overseas... the description of a free country is one where you can leave with your money when you please. That is going to get harder and harder.

Yes, Ron Paul is a libertarian. But he has also been in Congress (off and on) since the 1970s, and he is now the chairman of the Joint Finance Committee. He knows more than almost anyone else about the true financial condition of the government. He is giving you a clear warning. What are you going to do about it?

Most people will do nothing. They will continue to assume tomorrow is likely to be pretty much the same. Sure, we might have some tough times... but this will pass. Nothing serious is going to happen.

If you feel this way, that's fine. But ask yourself these questions:

1) How high will gold have to get before you think something is seriously wrong?
2) How high will silver have to get?
3) How many banks will the FDIC have to close before you consider the dollar to be unsafe?
4) How many municipalities will have to go under before you think there's a crisis?
5) How European states will have to leave the euro before you begin to doubt the stability of the world's paper currencies?
6) How high will agriculture prices have to go before you see that a global food panic is underway?

I suggest you write down the answers to these questions now. Because almost no matter what you answered, you'll get to that point soon.

So how will it happen? That's what people keep asking me. My answer is: The collapse of the global fiat money system is already under way. Gold has gone up for 10 straight years. Gold is the counterbalance to fiat (paper) money. For 10 years in a row, investors around the world have been favoring gold. This trend is going to continue, and it will not stop until serious actions are taken to put a floor under the value of the world's major paper currencies: the euro, dollar, and yen. And that can't happen because the governments backing these three currencies are all bankrupt. The euro will die first. Just look at the numbers...

Greece, Ireland, Spain, Portugal, and Italy have all made the same mistake. They responded to the collapse of real estate prices and debts by guaranteeing the private obligations of their banks with their country's treasury. (America is doing the same, by the way.) The problem is, the debts are vastly larger than the governments can afford to repay... far larger.

So for example, when Anglo Irish Bank failed, it announced it required $35 billion. That's equal to 25% of Ireland's GDP. And that's only one of Ireland's failed banks. Ireland will never be able to afford these obligations.

As a result, Germany, France, and the other euro nations have put together a bailout plan. All of the European treasuries will act to save any member state. Let's look at the numbers. Total debts owed to foreign investors in the so-called "PIIGS" countries are $2.6 trillion. The bailout package that's been assembled totals $1 trillion. That sounds pretty good... at first.

But Italy and Spain have pledged $130 billion to the bailout. Where will they get that money? Greece has pledged $12 billion. Ireland, $7 billion. Portugal, $11 billion. Only about half this money will ever be raised and almost all that can be raised will have to come from France and Germany. Sooner or later, the taxpayers in those countries will say "enough" and the whole thing will unravel.

Ironically, the worsening crisis in Europe will give our own dollar a bit of a reprieve this year. In a crisis, investors will prefer the liquidity of short-term Treasurys to any other asset, including gold and silver. Look at the precious metals markets this last week...

The euro (FXE) fell almost 2% Wednesday. Silver (SLV) fell 7%. Gold (GLD) fell 4%. What went up? The U.S. dollar (UUP) rose 2%. Don't forget... in 2008, the dollar rallied tremendously. Gold and silver fell sharply. In a short-term panic, investors are still buying dollars, not gold or silver.
The collapse of the euro will cause all kinds of big problems this year and almost surely lead to a huge correction in commodities. Does that mean the U.S. dollar's problems are just a mirage? Nope. Sooner or later the U.S. will face a stark choice...

If we let the euro fail, it will result in terrible short-term consequences. So the Fed will crank up the presses yet again. Quantitative easing “3” will be another $1 trillion effort, this time focused on buying European sovereign debt. The Fed must become the lender of last resort not only for the U.S., but for the world. That's the last step before its eventual collapse. After that point, people will no longer flee to Treasurys when a crisis erupts. They will flee to gold.

What should you do about this? It's pretty simple. First, you should use the correction in silver and gold to stock up on physical bullion. Make sure you've got a year's living expenses (at least) in gold and silver bullion. If you can, store a portion of it overseas.

Also, If you can, buy some real estate overseas. Look into getting a resident's permit or, even better, a foreign passport. If leaving isn't an option for you, then use this year to build some safeguards for yourself here. It could be buying a local farm... or maybe just planting a garden... or digging a well... or installing a big propane tank. Store a bit of food. Stockpile medicines. Improve your home security. Imagine what it would be like for you if the dollar wouldn't buy anything. Imagine what would happen if the 43 million Americans on food stamps couldn't eat. So, plan your affairs accordingly.

In regards to your portfolio, here's what I recommend, assuming you haven't done anything yet.

First, research oil and gas companies. And research gold and silver companies. Research agricultural companies. You'll find this information in several of our publications, including my G&G Investment Society (GGIS) newsletter service. Put together a wish list of companies that own the world's best trophy assets – food, energy, and sound money. Those are the key assets. There are others too, like transportation networks, refineries, key trans-shipment points. If the world's currencies collapse, what assets do you want to end up owning? That's the question to answer this year. Once you have made some good choices.... wait. Wait? Yes. Wait.

Wait for a correction. It will come this year. Wait for a crisis to buy. It will come. Wait for signs of massive volatility, like when the volatility index (VIX) – a key measure of fear in the market – shoots above 40 or 50. If you don’t know what VIX is, this is your time to shine…Google it. Wait for junk bonds to yield 15 or 20 percentage points more than U.S. Treasurys. It will happen. Just be patient or become a GGIS subscriber and I’ll keep you informed.

Then, go to your list of trophy assets/corporations. And get out of the U.S. dollar. By the time the big selloff in U.S. Treasurys has begun in earnest (let's say 18-24 months from now), you want to be 100% invested in gold and silver, high-quality short-term corporate debt, trophy equity, trophy real estate. But the key, as always, will be to move out of the dollar as it experiences the rare counter-cyclical rally – one of which is under way right now.

In a nutshell, the US is in deep shigidy with a vanishing middle class, big deficits and a deep recession. How we got here is water over the dam. It's now time to stop belly-aching and bite the bullet; no one wants to sacrifice, but we're up to our knees in the shigidy with a global economic crisis and it’s time to get back the American middle class. Where ten percent of Americans own 80 or 90 percent of this nation's income, where else will the revenue come from to get us out of our funk?"


To find out what investments I’m talking about to prepare for the ultimate calamity that will occur, sign up today to become a G&G Investment Society (GGIS) today.

A one-year subscription costs $99. Your subscription includes:

#1. 12 Monthly issues of investment reports sent to your e-mail, called: G&G Investment Society (GGIS) portfolio. The second week of each month, I'll send you my monthly GGIS portfolio. I'll keep you up to date on exactly what's going on regarding the current and future financial crisis, and I'll show you some unusual and incredible ways to make money now and as it all begins to unfold.

#2. Research Report: The 4 Investment Assets You Do NOT Have to Report to the U.S. Government. Desperate governments do incredibly desperate things, so you should make sure you own at least one or two of the valuable assets that you do not have to report to the government. This is completely legal, and vital to getting rich in the coming currency crisis.

#3. Research Report: Mining Royalties. How to claim your share of the World’s most profitable Gold Mines. Sit back and receive payments from Royalties as the price of Precious Metals continues to climb as the Fed and Governments throughout the world continue to print fiat money and not control their deficit spending.

#4. Research Report: Secrets of the Silver Market. I expect silver to soar at least 400% to 500% above today’s price, over the next few years. This thorough report shows you the best ways to buy, hold, and store silver. I’ll show you how to get really cheap silver, straight from the U.S. government… and even a way to store it cheaply in a private Swiss vault, if you’re interested..

#5. Research Report: How to Buy Government Backed Silver for $1.41

#6. Research Report: Urgent Retirement Report. Washington has crippled our country with debt. And now they're making plans to fill that black hole by nationalizing your retirement savings! Your 401(k), TSP, your IRA. Maybe even your money market and bank accounts. They want to grab it all now. And dish it back to you – a little at a time – when you retire. Revealed inside this report… The most insidious plot the government has ever hatched – to nationalize your retirement and STEAL YOUR WEALTH outright.

#7. The G&G e-Newsletter. Also, twice a week, I’ll send you the G&G e-Newsletter giving you my weekly email that details what I think are the most important financial events of the moment.

#8. Subscribers-only access. You’ll also get subscribers-only access to my investment research archives. Right now, there are several other investments I recommend you consider buying immediately.

#9. 25% off discount 2010 Tax Preparation Services: All GGIS Subscribers will get a 25% discount in getting their 2010 tax returns prepared and for as long as you are a current GGIS subscriber.

I hope you agree that’s fair. And I hope you take advantage of these opportunities right away. You will put yourselves among a very small group of Americans who actually come out ahead after this currency crisis unfolds.

To become a member of the G&G Investment Society newsletter subscription, send an e-mail to GGIS@gngassoc.com and/or visit our website at www.gngassociates.net and click on the “Products & Services” link and we’ll get you signed up right away.

DON'T WAIT ANOTHER DAY!
- 1 year subscription - $99
- 2 year subscription - $189
- Lifetime subscription - $399

** If you sign up for a 2 year or Lifetime subscription, you’ll get a free one hour Tax & Financial consultation (a $200 value).

If you need a one-on-one consultation to evaluate your financial situation, contact me to setup an appointment and get 2011 started off on a good note.
Until the next time,

Ankh Uja Snb (Life, Health, Strength),

Asar Gary Gray
Tax & Financial Consultant, RFC
G&G Associates
757-251-0174 office
866-361-3872 toll free fax
www.gngassociates.net

G&G Associates & G&G Travel are on Facebook, join our fan page.

"Never love anything that can’t love you back. Your investments can’t love you back"
Warren Buffet


P.S. If you're not a GGIS Paid Subscriber reader yet, it's not a bad way to start the year. Currently, our GGIS portfolio is packed with great plays to kick-start your portfolio for 2011.

P.S #2 If you are looking to Travel and looking for steep discounted travel, visit www.gngassociates.net, click on the “G&G Travel” link and let your travel planning begin. Let us know where you want to go and we’ll do our best to find you the best deal your money can buy. Become a Fan of G&G Travel on facebook.


LEGAL NOTICE: This work is based on SEC filings, current events, interviews, corporate press releases and what I've learned as a financial consultant. Nothing herein should be considered personalized investment advice. It may contain errors and you shouldn't make any investment decision based solely on what you read here. It's your money and your responsibility.

Jewels & Tools - FICO questions answered

More jewels & tools -
Here's an article I found worthy of sharing. The article features the CEO of the FICO corporation, one that many of us have faced self-imposed difficulty with. Many of my Financial FREEdom clients began with struggles with credit. If you find yourself in need of Financial FREEdom read the article, or contact me, or both.

Brother Seko VArner
Financial FREEdom
757-248-3820
FICO Questions Answered:
Fair, Isaac CEO Reveals 3 Key Ways to Improve Your Score
Posted Jan 11, 2011 03:59pm EST by Daniel Gross

Many people have questions about the credit scores generated by Fair, Isaac & Co. Today on Tech Ticker, Aaron Task and I figured we'd take our questions straight to the source: Mark Greene, chief executive of Fair, Isaac & Co., creator and proprietor of the FICO score.

"The FICO score is a measure of a consumer's financial health and creditworthiness," Greene says. It's simply a number, ranging from 300 to 850 -- the higher the better. The average FICO score in the U.S. is about 700, and pretty much every bank in the country uses a FICO score when making lending decisions. But while the scores are important, they're not the be all and end all.

"Scores are meant to be one of several things bankers use in doing what we call sound underwriting," Greene says. Lenders should also be taking into account borrowers' background references, their capacity to repay loans, and collateral.

FICO creates the score simply by feeding numbers into its formula: "It's based on pure, statistical evidence, with no judgment or evaluation or emotion." The main factors Fair, Isaac takes into consideration are:

• How much total indebtedness a consumer has

• How long they've had the debt. "Newer relationships are riskier than things you've been paying over a long period of time," Greene says.

• How much available credit is being used: "If you're close to the edge on your credit cards, that's a danger signal."

• The mix of an applicant's credit portfolio -- is it all credit cards (bad) or a mixture of credit cards, a mortgage, and a car loan (better)?

Greene outlines three key ways through which people can improve their scores. First, pay your bills on time. Second, don't get close to the edge: "Don't use more credit than you really need." And third, don't apply for new credit unless you absolutely have to.

It may sound obvious, but the easiest way to avoid a sharp downgrade in your FICO score is to stay current on your mortgage and stay solvent. "One thing people should know is that a foreclosed home or personal bankruptcy is the most severe harm that you can do to your credit score," Greene says. FICO scores can fall by as much as 150 points when borrowers walk away from mortgages or declare bankruptcy; it can take up to seven years to rehabilitate the rating.

Greene helps clear up what may be some misconceptions about the way credit scores are calculated. For example, is it true that every time you apply for a loan it hurts your score?

"It depends on the kind of product you're shopping for," says Greene. With car loans, for example, Fair, Isaac understands that people shop for rates. "If you apply for five different car loans within a couple of days, we understand that you're looking to buy one car at the best rate. And there's no adverse impact on your credit score."

On the other hand, when people apply for five different credit cards in the space of a week, they're usually seeking to open multiple accounts simultaneously. "In those situations we will take a few points off someone's FICO score because we're worried they're sending a signal that they need too much credit."

Is it also true that people who have little or no debt may find themselves with lower credit scores? That can be the case. "Warren Buffett used to say that he didn't have a particularly high credit score," says Greene.

Consumers can obtain their FICO score from the company at myFico.com. (Editor's note: Greene says the report is free in the accompanying video but you must register to receive your FICO score and a payment is required.)

Greene also points to a just-launched website, scoreinfo.org, that helps people understand how credit scores factor in this new era of financial regulation. As of January 2011, you have the right to receive your score any time a lender makes certain kinds of decisions -- e.g., if you're denied credit or given credit on less than the most favorable terms a lender offers.

In the U.S. economy today, people may frequently find that a credit score is being used by companies to make decisions that have nothing to do with credit. Credit scores have become part of the application process for jobs, car insurance, and health insurance. Greene notes that the credit score can be useful in non-lending contexts: "People who are good with their finances frequently turn out to be good drivers." But he reiterates that they were designed for a purely financial use.

Daniel Gross is economics editor and columnist at Yahoo! Finance.

Subscribe to Daniel Gross's RSS feed here.
Follow him on http://twitter.com/grossdm.
Email him at grossdaniel11@yahoo.com .
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Black Improvement Economics is a service of
The Imani Foundation http://www.imanifoundation.com/
These posts provide information that may aid financial improvement. The information on this site is provided as opinion and should not be construed as professional legal advice, nor professional financial advice, nor professional tax advice. The end reader is advised to seek professional assitance to address one's particular situation. The posts on this site may be third party information and may not be copyrightwritten by the poster of the information.

Friday, January 7, 2011

G&G Tax Tip: Taxpayers Impacted by Recent Tax Breaks...

This is
G&G Associates Tax & Financial Consulting
e-Newsletter

Taxpayers Impacted by Recent Tax Breaks
Can File Starting in Mid to Late February

Imhotep (Wisdom To You) G&G Readers,

IR-2011-1, Jan. 6, 2011

WASHINGTON — The Internal Revenue Service today opened the 2011 tax filing season by announcing that taxpayers have until April 18, 2011 to file their tax returns. The IRS reminded taxpayers impacted by recent tax law changes that using e-file is the best way to ensure accurate tax returns and get faster refunds.

Taxpayers will have until Monday, April 18,2011 to file their 2010 tax returns and pay any tax due because Emancipation Day, a holiday observed in the District of Columbia, falls this year on Friday, April 15. By law, District of Columbia holidays impact tax deadlines in the same way that federal holidays do; therefore, all taxpayers will have three extra days to file this year. Taxpayers requesting an extension will have until October 17, 2011 to file their 2010 tax returns.

The IRS expects to receive more than 140 million individual tax returns this year, with most of those being filed by the April 18 deadline.

The IRS also cautioned taxpayers with foreign accounts to properly report income from these accounts and file the appropriate forms on time to avoid stiff penalties.


Who Must Wait to File

For most taxpayers, the 2011 tax filing season starts on schedule. However, tax law changes enacted by Congress and signed by President Obama in December mean some people need to wait until mid- to late February to file their tax returns in order to give the IRS time to reprogram its processing systems.

Some taxpayers – including those who itemize deductions on Form 1040 Schedule A – will need to wait to file. This includes taxpayers impacted by any of three tax provisions that expired at the end of 2009 and were renewed by the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act Of 2010 enacted Dec. 17. Those who need to wait to file include:

• Taxpayers Claiming Itemized Deductions on Schedule A. Itemized deductions include mortgage interest, charitable deductions, medical and dental expenses as well as state and local taxes. In addition, itemized deductions include the state and local general sales tax deduction that was also extended and which primarily benefits people living in areas without state and local income taxes. Because of late Congressional action to enact tax law changes, anyone who itemizes and files a Schedule A will need to wait to file until mid- to late February.

• Taxpayers Claiming the Higher Education Tuition and Fees Deduction. This deduction for parents and students – covering up to $4,000 of tuition and fees paid to a post-secondary institution – is claimed on Form 8917. However, the IRS emphasized that there will be no delays for millions of parents and students who claim other education credits, including the American Opportunity Tax Credit extended last month and the Lifetime Learning Credit.

• Taxpayers Claiming the Educator Expense Deduction. This deduction is for kindergarten through grade 12 educators with out-of-pocket classroom expenses of up to $250. The educator expense deduction is claimed on Form 1040, Line 23 and Form 1040A, Line 16.

In addition to extending those tax deductions for 2010, the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act also extended those deductions for 2011 and a number of other tax deductions and credits for 2011 and 2012 such as the American Opportunity Tax Credit and the modified Child Tax Credit, which help families pay for college and other child-related expenses. The Act also provides various job creation and investment incentives including 100 percent expensing and a two-percent payroll tax reduction for 2011. Those changes have no effect on the 2011 filing season.

The IRS will announce a specific date in the near future when it can start processing tax returns impacted by the recent tax law changes. In the interim, taxpayers affected by these tax law changes can start working on their tax returns, but they should not submit their returns until IRS systems are ready to process the new tax law changes. Additional information will be available at www.IRS.gov.

For taxpayers who must wait before filing, the delay affects both paper filers and electronic filers. The IRS urges taxpayers to use e-file instead of paper tax forms to minimize confusion over the recent tax law changes and ensure accurate tax returns.
Except for those facing a delay, the IRS will begin accepting e-file and Free File returns on Jan. 14.

Additional details about e-file and Free File will be announced later this month.

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Internal Sponsorship:

G&G TAX PREPARATION SERVICE

G & G Associates is a Black-Owned Business focused on easing our client's minds on tax compliance matters. With the ever changing and burdensome tax code, overwhelming and confusing federal and state tax forms and increasing IRS scrutiny over most tax items, taxpayers need to have at least this one part of their lives made easier, less stressful and more profitable.

Our expert help includes our:
In-Depth Interview — a thorough and complete experience designed to unearth every tax savings opportunity during the course of your tax preparation. We use these to the latest IRS guidelines to guide you through a painless, interactive session so that together, we catch every single detail that results in more tax savings for you.

We look forward to assisting you in getting your tax return prepared for the 2010 tax season.

If you are a returning client you'll get a 25% discount off your tax preparation fees. If you are a new client you'll get $40 off with this offer if you file your taxes before March 15th. At G&G Associates, we GUARANTEE to beat any other tax professional's fees. We take pride in not nickeling and diming our customers with unnecessary charges & fees.

Do you have a friend, co-worker or family member who might be interested in G&G Associates Tax Preparation Services? If so, then you can earn $40 for everyone you refer that files their 2010 tax returns with us. Just refer that person, and when we complete their tax return we will send you a check for $40.

To make the deal even sweeter, after four referrals you will get your 2010 or 2011 taxes done for free.

For INSTRUCTIONS on how to get your taxes prepared visit our website, click on the "TAXES" tab and then download the "Tax Preparation Worksheet," or the left side of the page or click on the following link:

http://www.gngassoc.com/pdf/Tax_Prep_Worksheet.pdf

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*** G&G Tax Preparation Services "Price Guarantee"; We Guarantee to beat any other "tax professional's" price.

Also, all new clients get a 50% discount off the 1 – year annual subscription to G&G Investment Society (GGIS) paid newsletter service a ($49) value.

Also, all new clients will get a "FREE" 1 hour Financial Success Strategy Consultation appointment a ($200) value.

We also pay a $40 (unlimited) referral fee for any client you refer that gets their 2010 taxes completed with G&G Associates.

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"The hardest thing in the world to understand is income taxes." Doing Your Taxes doesn't have to be difficult. You could do it yourself but that's like changing your own oil, what else could be wrong with the car? Let us do the job for you accurately and efficiently to get you all the money you deserve.

Visit our website for more information or contact us today to set your appointment.
Until the next time!

Ankh Uja Snb (Life, Strength, & Health),

Asar Gary Gray
Tax & Financial Consultant, RFC
G&G Associates
757-251-0174 office
866-361-3872 toll free fax
www.gngassociates.net
G&G Associates & G&G Travel are on Facebook, join our fan page.

**You must be a G&G Associates tax client to receive the $40 referral fee

*** [Price Guarantee does not apply to individuals, corporations or partnerships filing refunds pertaining to Revenue Ruling 2009-20/2009-09, 'Ponzi Schemes']

P.S. If you're not a GGIS Paid Subscriber reader yet, it's not a bad way to start the year. Currently, our GGIS portfolio is packed with great plays to kick-start your portfolio for 2011.

P.S #2 If you are looking to Travel and looking for steep discounted travel, visit www.gngassociates.net, click on the "G&G Travel" link and let your travel planning begin. Let us know where you want to go and we'll do our best to find you the best deal your money can buy. Become a Fan of G&G Travel on facebook.


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Thursday, January 6, 2011

Broke, Black & Christian/Conscious

In my "Financial FREEdom" business, where I help my clients to become financially free & to move towards wealth I've come across numerous clients who have described themselves as being "Christian" or "Conscious" and such and all have had one thing in common. They were broke. I often refer them to a number of books as well as providing my services to them. A colleague shared this book with me recently and now I'm sharing it with you. Meet Michelle Singletary, author of 'Power To Prosper' (check her photo below.......Eye candy....):

If you are having some money problems, consider giving me a call (757-248-3820) for a 'check-up' and or consider doing the 'fast that she prescribes in her new book 'Power To Prosper: 21 Days To Financial Freedom' (In Hampton Roads Virginia the book may be purchased at Positive Vibes Bookstore in Virginia Beach (757-523-1399) or you may also order it from Positive Vibes and they will ship it directly to you ! Be prosperous and remain informed and conscious !

Brother Seko VArner - Financial FREEdom !
http://www.happilyeverafter.be/sekovarner.html

This book is well suited for those of us who consider ourselves/themselves to be Christian as the advice and guidance is seasoned with Biblical quotes and references. Here is what The Washington Post said about the book:
"Michelle Singletary teaches you practical ways to financial freedom by putting you on a 21-day financial fast, where you are prohibited from using credit cards and cannot buy anything unless it is a basic need for survival."

Author Guides You To Financial Freedom: MyFoxDC.com


Singletary writes the nationally syndicated personal finance column, "The Color of Money," which appears in The Post on Thursday and Sunday. Her award-winning column is also carried in more than 120 newspapers. In her spare time, Singletary is the director of a ministry she founded at her church, in which women and men volunteer to mentor others who are having financial challenges.
For more info' on Michelle Singletary visit:
http://www.michellesingletary.com/






~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Black Improvement Economics is a service of The Imani Foundation http://www.imanifoundation.com/
These posts provide information that may aid financial improvement. The information on this site is provided as opinion and should not be construed as professional legal advice, nor professional financial advice, nor professional tax advice. The end reader is advised to seek professional assitance to address one's particular situation. The posts on this site may be third party information and may not be copyrightwritten by the poster of the information.

Secrets of the Silver Market

This is
G&G Associates Tax & Financial Consulting
e-Newsletter

Secrets of the Silver Market

Karibu (Welcome) G&G Readers,

I know, most Americans think I'm absolutely crazy. But I believe we are facing a major monetary crisis. And the funny thing is, everything I've said would happen is happening. Gold is up from $700 in December 2008 to around $1,400 per ounce. Silver has more than doubled too.

You simply can't create money at the rate we have, and service this much debt over the long term. That's the bad news…

The good news in all of this is we have an easy and predictable way to make a heck of a lot of money.

Yes, you should own some gold and silver (it's definitely not too late)... but I also believe you should buy one silver stock that will prove incredibly lucrative over the next few years.

It has soared more than 500% in the past five years... while most stocks have gotten absolutely crushed.

This company is unique. It doesn't really have any overhead or products for sale... and has fewer than 25 full-time employees.

In short, what this silver company does is provide an incredible service to mining companies. No other company on Earth is like this one. It has ZERO competition.
Before I give you all of the details on this unique business... let me back up a bit and explain why I think silver is such an important asset to own...


Why Silver Now

Lots of people realize the government propped up the banks with its repeated bailouts. But most folks don't understand the real way the government saved the banks. It's not the shares the feds bought (and paid too much for). It's the whole system of paper money.
The government is deliberately kept short-term interest rates super low, so the banks' funding costs almost disappeared. Then, by running a huge budget deficit and spending record amounts of money on domestic programs, the government insured inflation (and longer-term rates) remained high. The banks made money on the spread between short-term rates and long-term rates.

And just to make sure nothing goes wrong, the Fed is promising to buy trillions (yes, that's trillion) worth of mortgages, many of which come directly from troubled banks like Citigroup. In short, there's no way these banks can lose.

But of course, there is a real cost. The value of our currency goes down with every new dollar the Fed prints and with every dollar of new deficit spending. But the politicians can all pretend inflation doesn't exist. When it shows up in our economy, they can lay the blame with "speculators" and oil companies...

The government can manipulate the dollar like this because it's not backed by gold. President Nixon "temporarily" cut the tie between the dollar and gold in August 1971. At the time, Nixon promised the dollar won't be devalued – "your dollar will be worth just as much tomorrow as today," he said ...

At the time (1971), $35 would buy an ounce of gold. Today, it takes around $1,400. That's a 97.5% decline in purchasing power of your dollar. It's fascinating how many people believe this won't happen again... despite the fact that we've got runaway deficits, we're trying to fight two overseas wars, we've passed the largest new entitlement program in history... and we've propped up every major bank in the United States. I'm not surprised gold is trading at $1,400. I'm surprised it's not trading for more than $5,000.

Put simply, if you double the number of dollars in circulation, it costs twice as many of them to buy the same amount of silver or gold. So wealthy investors buy precious metals to hedge against inflation and general chaos in the markets.

Before 1900, the U.S. dollar was pegged to both gold and silver. Back then, one ounce of gold was worth $20.65, and an ounce of silver was worth $1.29. And up until 1971, the U.S. dollar was pegged to gold. Silver fell by the wayside because it's less valuable and takes up far more space.

The U.S. central bank still backs about 78% of our currency with gold, so gold is still treated as money. Silver, on the other hand, is usually only used for jewelry and industrial purposes.

Back when gold and silver were both used as money, gold was about 16 times more expensive than silver. As I write, gold trades for about $1,400 an ounce and silver trades for about $30 an ounce... a ratio of roughly 50:1.

And as I explained, inflation is about to explode... and when it does, precious metals soar.

Between 1973 and 1980, a period of blistering inflation, the price of gold went up 710%... while silver soared 1,481%. History has shown as inflation increases, more people will turn to silver as a store of wealth. Silver's cheaper than gold, and just as safe. Once this happens, the gold/silver ratio should revert back to its mean of 16. If silver trades at one-sixteenth the price of gold, it would cost $87.50 an ounce...


Safe Silver: A Far Better Business

We could buy physical silver... But to capture greater gains as panicked investors rush to bullion, you could make a steep profit owning silver companies. Silver companies follow the movement of the underlying metal while also providing leverage. If we own silver bullion, we only make the price increase of silver. If we own a silver company, we can earn much, much more.

To find out what Silver investment I'm talking about, sign up today to become a G&G Investment Society (GGIS) today.

A one-year subscription costs $99. Your subscription includes:

#1. 12 Monthly issues of investment reports sent to your e-mail, called: G&G Investment Society (GGIS) portfolio. The second week of each month, I'll send you my monthly GGIS portfolio. I'll keep you up to date on exactly what's going on regarding the current and future financial crisis, and I'll show you some unusual and incredible ways to make money now and as it all begins to unfold.

#2. Research Report: The 4 Investment Assets You Do NOT Have to Report to the U.S. Government. Desperate governments do incredibly desperate things, so you should make sure you own at least one or two of the valuable assets that you do not have to report to the government. This is completely legal, and vital to getting rich in the coming currency crisis.

#3. Research Report: Mining Royalties. How to claim your share of the World's most profitable Gold Mines. Sit back and receive payments from Royalties as the price of Precious Metals continues to climb as the Fed and Governments throughout the world continue to print fiat money and not control their deficit spending.

#4. Research Report: Secrets of the Silver Market. I expect silver to soar at least 400% to 500% above today's price, over the next few years. This thorough report shows you the best ways to buy, hold, and store silver. I'll show you how to get really cheap silver, straight from the U.S. government… and even a way to store it cheaply in a private Swiss vault, if you're interested.

#5. Research Report: How to Buy Government Backed Silver for $1.41

#6. Research Report: Urgent Retirement Report. Washington has crippled our country with debt. And now they're making plans to fill that black hole by nationalizing your retirement savings! Your 401(k), TSP, your IRA. Maybe even your money market and bank accounts. They want to grab it all now. And dish it back to you – a little at a time – when you retire. Revealed inside this report… The most insidious plot the government has ever hatched – to nationalize your retirement and STEAL YOUR WEALTH outright.

#7. The G&G e-Newsletter. Also, twice a week, I'll send you the G&G e-Newsletter giving you my weekly email that details what I think are the most important financial events of the moment.

#8. Subscribers-only access. You'll also get subscribers-only access to my investment research archives. Right now, there are several other investments I recommend you consider buying immediately.

I hope you agree that's fair. And I hope you take advantage of these opportunities right away. You will put yourselves among a very small group of Americans who actually come out ahead after this currency crisis unfolds.

To become a member of the G&G Investment Society newsletter subscription, send an e-mail to GGIS@gngassoc.com and/or visit our website at www.gngassociates.net and click on the "Products & Services" link and we'll get you signed up right away.

DON'T WAIT ANOTHER DAY!

- 1 year subscription - $99
- 2 year subscription - $189
- Lifetime subscription - $399

** If you sign up for a 2 year of Lifetime subscription, you'll get a free one hour Tax & Financial consultation (a $200 value).

If you need a one-on-one consultation to evaluate your financial situation, contact me to setup an appointment and get 2011 started off on a good note.

Until the next time,

Ankh Uja Snb (Life, Health, Strength),

Asar Gary Gray
Tax & Financial Consultant, RFC
G&G Associates
757-251-0174 office
866-361-3872 toll free fax
www.gngassociates.net

G&G Associates & G&G Travel are on Facebook, join our fan page.

"Any fool can make something complex, but it takes a genius to make something simple"
Woodie Guthries


P.S. If you're not a GGIS Paid Subscriber reader yet, it's not a bad way to start the year. Currently, our GGIS portfolio is packed with great plays to kick-start your portfolio for 2011.

P.S #2 If you are looking to Travel and looking for steep discounted travel, visit www.gngassociates.net, click on the "G&G Travel" link and let your travel planning begin. Let us know where you want to go and we'll do our best to find you the best deal your money can buy. Become a Fan of G&G Travel on facebook.


LEGAL NOTICE: This work is based on SEC filings, current events, interviews, corporate press releases and what I've learned as a financial consultant. Nothing herein should be considered personalized investment advice. It may contain errors and you shouldn't make any investment decision based solely on what you read here. It's your money and your responsibility.


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