Posts Tagged ‘ USA ’

Are you among the world’s wealthiest? This will surprise you

Yesterday I was reading Credit Suisse report on global wealth , $3,650 would place you among the world wealthiest !!

Lasr year global wealth grew by 8.3% and now the global wealth worldwide if $263billion

Distribution of Wealth :


$91,240 bn


$85,200 bn

Asia Pacific

$49,849 bn


$21,404 bn

Latin America

$9,113 bn


$3,604 bn


$2,831 bn


The average person is worth $56,000.

An individual $3,650 ( all assets ) you among the wealthiest 50 % of the world population .The other half own only 1% of the world wealth !

77pc of adults – that’s 3.3bn people – have less than $10,000 .

To be the top 10pc of richest people – membership requirement is $77,000 – hold 87pc of the world’s wealth.

$798,000 is what you require to be in the top percentile of the world’s wealthiest. 1 % accounts for almost half – 48.2pc – of global assets.

This report I found very interesting / scary .


Tony Evans


How much does it take to be wealthy?

How much does it take to be wealthy?.

How much does it take to be wealthy?

How much does it take to be wealthy? Would others consider you wealthy? That would depend on where in the world you live, reveals a new poll carried out by the world’s largest independent financial advisory organisation.

The deVere Group survey finds that in Hong Kong the average level of wealth someone would need to have to be deemed ‘wealthy’ would be 2.8 million USD (21.7m HKD*), in the United Arab Emirates it would be 2.6 million USD (9.5m AED*), in the United States it would be 1.4 million USD, in the United Kingdom it would be 1.3 million USD (837,000 GBP*), and in South Africa it would be 1.2 million USD (11.9m ZAR*).

More than 900 deVere clients throughout June and July, across these five territories – from where the international financial consultancy runs some of its largest operations – were asked ‘At what level of personal wealth would you term someone wealthy?’

In Hong Kong, UAE, USA, UK and South Africa, the overall average level of wealth that people would need to have acquired, according to those surveyed, would be 1.86 million USD.

The poll was undertaken to help gain a more in-depth understanding into the perception of wealth. This will further empower the deVere Group to better understand clients’ financial thinking and, therefore, how best to advise them to reach, and even exceed, their long-term financial goals.

Those polled were, in addition, asked ‘Does money bring you happiness?’ The overwhelming majority believe that it does. 86 per cent of those in Hong Kong replied ‘yes’, with 84 per cent in the UAE, 81 per cent in the US, 77 per cent in the UK, and 72 per cent in South Africa responding in the same way.

Overall, 80 percent of the survey’s participants believe that money does bring happiness.

Of the two sets of findings, deVere Group’s founder and chief executive, Nigel Green, comments: “The poll highlights that wealth is a subjective, largely relative, issue.

“It’s our experience that an increasing number of people across these five territories are becoming what would be deemed as ‘wealthy’. However, whatever level you are financially, the most vital thing is to have a sound, workable, progressive financial strategy.

“In addition, as the findings reveal, it is widely believed that money can bring happiness. Many things can make us happy, but I suspect the reason why most people insist money is a major contributor to happiness is because it provides a wider scope of opportunity.”

*Approximate figures.


Alex Flynn Prepares To Take On The Ultimate Mountain Ultra In His Campaign To Run 10 Million Meters By 2014

He’s a true inspiration ,please donate .


AdveAlex Flynn Prepares To Take On The Ultimate Mountain Ultra In His Campaign To Run 10 Million Meters By 2014.

Adventurer, endurance athlete, and relentless fundraiser, Alex Flynn, is set to take on one of his toughest challenges to date, the Beyond the Ultimate, Mountain Ultra on 2nd August 2013, in his bid to run, cycle, swim, climb, kayak or crawl 10 Million Meters by early 2014.

After being diagnosed with Young Onset Parkinson’s disease in 2008, Alex has dedicated his life to raise funds to help find a cure for the disease. He has made it his mission to cumulatively run 10 Million Metres by 2014, and raise over £1 million for both the Michael J Fox Foundation for Parkinson’s Research and the Cure Parkinson’s Trust.

The Beyond the Ultimate, Mountain Ultra, a 220km multi-stage event over the infamous Rocky Mountains, Colorado, USA, is the world’s first and only self-sufficient multi-stage mountain ultra, starting in the picturesque town of Crested Butte.

The race takes a wild and rugged tour of some of the wildest and most remote regions in Colorado, all the way through Aspen and finishing in Snowmass. Participants will take part at over 9000ft, rising to 13000ft, and is deemed the toughest of the Beyond the Ultimate Ultras Series. Runners are self-sufficient, carrying their own provisions such as food, water, clothing and sleeping arrangements.

Ahead of the race, father of three Alex, aged 41, comments: “As I start to edge nearer that 10 Million Meters mark, every step I take in each race is a real milestone in what I set out to achieve with this challenge. It has by no means been an easy ride to get to where I am today, as I battle gruelling training schedules alongside the day-to-day effects of a relentless and unforgiving disease.

“10 Million Meters has become my life, and I have currently run 9,386,315 metres in competitive racing, which means I’m around 94% of the way there! My aim is make the Dubai Marathon in January 2014 the race where I hit that special milestone. However, I still have a lot of hard work ahead to make that happen, starting with the Beyond the Ultimate Mountain Ultra.

“World wide there are over 7 million people with this disease, more than 120,000 people have Parkinson’s in the UK, with 10,000 diagnosed each year, many are under the age of 40 (the youngest was 10 years old), and there is currently no cure. I am sure that, within my lifetime, we will find a cure or treatments, which will change the lives of millions around the world. So while I am able, I am going to run, walk, climb and do anything else in my power to raise awareness of Parkinson’s disease and funds to facilitate the much needed research.”

For more information on Alex and 10 Million Metres you can visit To support him in his mission, you can donate at You can also check out his progress by following him on Facebook, Twitter and Vimeo.


Revocation Independence Day of America

Dear Citizens of America,

In view of your failure to elect a competent President and thus to govern yourselves, we hereby give notice of the revocation of your independence, effective immediately.

Her Sovereign Majesty, Queen Elizabeth II, will resume monarchical duties over all states, commonwealths and other territories (except Kansas, which she does not fancy), as from Monday next.

Your new prime minister, Gordon Brown, will appoint a governor for America without the need for further elections. Congress and the Senate will be disbanded. A questionnaire may be circulated next year to determine whether any of you noticed.

To aid in the transition to a British Crown Dependency, the following rules are introduced with immediate effect:

1. You should look up “revocation” in the Oxford English Dictionary. Then look up “aluminium,” and check the pronunciation guide. You will be amazed at just how wrongly you have been pronouncing it.

2. The letter ‘U’ will be reinstated in words such as ‘colour’, ‘favour’ and ‘neighbour.’ Likewise, you will learn to spell ‘doughnut’ without skipping half the letters, and the suffix “ize” will be replaced by the suffix “ise.”

3. You will learn that the suffix ‘burgh’ is pronounced ‘burra’; you may elect to spell Pittsburgh as ‘Pittsberg’ if you find you simply can’t cope with correct pronunciation.

4. Generally, you will be expected to raise your vocabulary to acceptable levels (look up “vocabulary”). Using the same twenty-seven words interspersed with filler noises such as “like” and “you know” is an unacceptable and inefficient form of communication.

5. There is no such thing as “US English.” We will let Microsoft know on your behalf. The Microsoft spell-checker will be adjusted to take account of the reinstated letter ‘u’ and the elimination of “-ize.”

6. You will relearn your original national anthem, “God Save The Queen”,
but only after fully carrying out Task #1 (see above).

7. July 4th will no longer be celebrated as a holiday. November 2nd will
be a new national holiday, but to be celebrated only in England. It will be called “Come-Uppance Day.”

8. You will learn to resolve personal issues without using guns, lawyers or therapists. The fact that you need so many lawyers and therapists shows that you’re not adult enough to be independent. Guns should only be handled by adults. If you’re not adult enough to sort things out without suing someone or speaking to a therapist then you’re not grown up enough to handle a gun.

9. Therefore, you will no longer be allowed to own or carry anything more dangerous than a vegetable peeler. A permit will be required if you wish to carry a vegetable peeler in public.

10. All American cars are hereby banned. They are crap and this is for your own good. When we show you German cars, you will understand what we mean.

11. All intersections will be replaced with roundabouts, and you will start driving on the left with immediate effect. At the same time, you will go metric immediately and without the benefit of conversion tables… Both roundabouts and metrification will help you understand the British sense of humour.

12. The Former USA will adopt UK prices on petrol (which you have been calling “gasoline”) – roughly $8/US per gallon. Get used to it.

13. You will learn to make real chips. Those things you call french fries are not real chips, and those things you insist on calling potato chips are properly called “crisps.” Real chips are thick cut, fried in animal fat, and dressed not with catsup but with malt vinegar.

14. Waiters and waitresses will be trained to be more aggressive with customers.

15. The cold tasteless stuff you insist on calling beer is not actually beer at all. Henceforth, only proper British Bitter will be referred to as “beer,” and European brews of known and accepted provenance will be referred to as “Lager.” American brands will be referred to as “Near-Frozen Gnat’s Urine,” so that all can be sold without risk of further confusion.

16. Hollywood will be required occasionally to cast English actors as good guys. Hollywood will also be required to cast English actors as English characters. Watching Andie MacDowell attempt English dialogue in “Four Weddings and a Funeral” was an experience akin to having one’s ear removed with a cheese grater.

17. You will cease playing American “football.” There is only one kind of proper football; you call it “soccer”. Those of you brave enough, in time, will be allowed to play rugby (which has some similarities to American “football”, but does not involve stopping for a rest every twenty seconds or wearing full kevlar body armour like a
bunch of Jessies – English slang for “Big Girls Blouse”).

18. Further, you will stop playing baseball. It is not reasonable to host an event called the “World Series” for a game which is not played outside of America. Since only 2.1% of you are aware that there is a world beyond your borders, your error is understandable and forgiven.

19. You must tell us who killed JFK. It’s been driving us mad.

20. An internal revenue agent (i.e. tax collector) from Her Majesty’s Government will be with you shortly to ensure the acquisition of all monies due, backdated to 1776.

Thank you for your co-operation.
John Cleese


Could Italy be next for EU bailout ? Strike 2 in new credit crunch .

Italy’s former PM Silvio Berlusconi has been sentenced to seven years in jail and banned from public office for having sex with an underage prostitute.This was the main headline out of Italy but there was also another that didn’t get much attention .Mediobanca, Italy’s second largest bank, said its “index of solvency risk” for Italy was already flashing warning signs as the worldwide bond rout continued into a second week, pushing up borrowing costs,less supply demand high = HIGH price )

The Italian macro situation has not improved over the last quarter, it has actually gotten worst . With a new anti austerity government , looks to get even worst .

Italy has €2.1 trillion (£1.8 trillion) debt is the world’s third largest after the US and Japan.but is only the world 8th largest economy .

Rank Country/Region GDP (Millions of $US)
1 United States 14,991,300
2 China 7,203,784
3 Japan 5,870,357
4 Germany 3,604,061
5 France 2,775,518
6 Brazil 2,476,651
7 United Kingdom. 2,429,184
8 Italy 2,195,937
Source -Wiki

Any serious stress in its debt markets threatens to reignite the eurozone crisis. This may already have begun after the US Federal Reserve signalled last week that it will begin to withdraw QE and the ECB Mario Draghi has also been pulling liquidity . The cracks has started with Sibor in China last week , could this be the start for round 2 of the global crisis ?

Mediobanca is particularly concerned about the gap that between yields on short-term bills (BOTs) and longer-term bonds (BTPs) near maturity that expire at the same time. BOTs retiring on July 31 are trading at a yield of 0.48, while the equivalent BTP is trading at 0.74pc. The reason is that BOTs are protected from debt restructuring.

Italian 10-year yields spiked to 4.8% .

The key number before was 6/7% that meant a country needed a bailout . Looking at the situation 5% / 5.25% is looking more realistic .

Could it be time to call ” Super Mario “ back again to sort it out . We could but the problem is in a democracy is voters vote with their heart and not there head which is totally understandable people need to live today as tomorrow is just a promise .

Lets see but I am calling this strike 2 , first one was China credit problem my blog on it :

1.Is the Chinese bubble bursting ?! Perfect storm ahead

Cash is king ,


Tony Evans


Apple holding nearly TWICE more cash than the USA Government

Apple USA

Apple now has more cash to spend /invest than the United States government !!!

I saw a statement by the US treasury (Click here for press release ) looking to have $75 billion by the end of June .According to Bloomberg Apple has over $145bn in overseas account.

The USA is again in a ‘debt crisis ‘ policymakers aren’t doing enough address the rising debt ratios and Moody’s has said they could downgrade the US debt in 2013 if this hasn’t been addressed

Apple has been accused of being “among America’s largest tax avoiders” by a Senate committee.

The committee said Apple had used “a complex web of offshore entities” to avoid paying billions of dollars in US income taxes .

Well this is just a tip of the iceberg of the Tax avoidance issue .

Our CEO did an interesting piece on his blog on Google and the Tax issue in the UK : Click Here

Tony Evans

World investors more bullish on Japan than any other country : Abenomics 2 – 0


Investors are more confident in a Japanese leader than any time since at least September 2010, with optimism about Prime Minister Shinzo Abe’s policies exceeding that for counterparts in the U.S., Europe and China.

Japan offers one of the top two opportunities globally in the next year,
according to 33″ of respondents, up from 21% and beating China for
the first time in surveys dating back to 2009. Considering Japan is one of China largest investors that does make sense !

As I mentioned in January Prime Minster Abe is effectively creating his war cabinet on deflation , last piece is the win the up and coming elections .

What Abe has done is creating a change in the Japanese mind set , but also he has also changed the perspective of Japan on the global stage .

May this continue for a long long time .

From a very optimistic Tokyo ,


Tony Evans

Manufacturing of latest technology to be shifted to America

A great piece on how hightech company are moving back to the my opinion this is no surprise as theft of Technology in the emerging market ,

Without patens and protection of them companies will loose huge amount of income ,

Re blogged from deVere Group
Tony Evans

Manufacturing of latest technology to be shifted to America.

Manufacturing of latest technology to be shifted to America

Big technology companies like Google and Apple are favouring the United States as their preferred location for manufacturing their million-dollar investments in cutting edge technology.

Earlier this week, Google announced that it will manufacture Project Glass, its futuristic digital eyewear in America – in a high-profile example of the return of electronics manufacturing to the US, according to the Financial Times.

Specifically, the headsets of the next generation wearable computing will be manufactured at a Foxconn plant in Santa Clara, California – making it the second product that we know Google has manufactured on US soil, Verge has revealed.

Google Glass is an ambitious gadget that has already sparked obsession amongst tech lovers. It features an inbuilt camera that is controlled by voice recognition software and can send photos and videos directly to the web, via a connected smartphone. It also carries a small screen above the wearer’s right eye that displays search results and other information.

The high cost and complexity of the project therefore made it much more practical to base manufacturing operations near Google’s Silicon Valley headquarters.

Furthermore, in December, Apple CEO Tim Cook pledged to invest $100 million in American manufacturing to build Mac computers there. The company said that it will work with partners, rather than do it themselves, and that the operations will include more than just final assembly, wrote.

Such decisions to manufacture in America will definitely set a smile on US President Barack Obama, as this would boost his drive to ensure that ‘the next revolution in manufacturing is Made in America’, as announced during his State of the Union address.

Re blogging from @nigeljgreen “Canada could determine the fate of a controversial new US tax law FATCA “

I re blogging Nigel Green blog on Canada or FATCA .

Canada’s preeminent constitutional legal expert could provide another ‘nail in the coffin’ for FATCA, a far-reaching and highly contentious new tax law that the US intends to impose on countries worldwide.

The Foreign Account Tax Compliance Act, or ‘FATCA’, which Washington is aiming to implement from 1st January 2014, will require every single financial institution in the world to report all their American clients’ financial activities directly to the US Internal Revenue Service (IRS). Should financial institutions fail to comply with FATCA, they will suffer a 30 per cent withholding on every financial transaction of US origin.

The US Treasury claims FATCA is a vehicle to catch tax evaders but, in effect it will do very little to address the real concerns over tax evasion.

Instead, FATCA, in my opinion and in that of experts worldwide, is simply a form of US financial imperialism that will violate the laws of independent nations across the globe.

Recently, Peter Hogg, one of Canada’s highest profile constitutional experts has echoed this view and told the Canadian government that FATCA might violate the country’s Charter of Rights and Freedoms and, potentially other existing federal and provincial privacy laws.

In a detailed letter to Canada’s Finance Department, which is handling the negotiations with the US to have Canada sign an intergovernmental agreement (IGA) to force its financial institutions to become FATCA-compliant, Hogg wrote: “The procedures mandate by the model IGA are discriminatory in a way that would not withstand Charter scrutiny.”

These procedures effectively treat individuals differently, and adversely, based on an immutable personal characteristic, specifically citizenship. If Parliament were to enact legislation authorizing and permitting this type of differential and adverse treatment, the legislation would contravene the equality protections in section 15 of the Charter.

There are approximately one million people in Canada who could be brought into America’s tax net under FATCA, meaning Canada is a critical country if the FATCA project is going to be at all effective for the US Treasury.

I am hopeful that the Canadian parliament will, ultimately, agree with the arguments set out in Hogg’s letter and move to reject FATCA.

Should this happen, I would imagine that the White House will look to repeal FATCA – especially as other economically and politically influential countries such as China are also likely to rebuff an IGA on FATCA because it contravenes their own laws.

Nigel Green deVere Group

Blog written 14th March


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