With the fidelity guided portfolio summary, you choose which accounts to track and use fidelitys analytics to spot trends, ga insights, and figure out what you want to do next. All in one place. Im Meredith Stoddard and i helped create the fidelity guided portfolio summary. Its one more innovative reason serious investors are choosing fidelity. Now get 200 free trades when you open an account. We are a financial program. Oh, yes, we are. And i bring you the financial angle on downton abbey. The finale, final episode of three last night. Im not going to tell you how it it ended, but i will ask you this, which other tv series shows rich people behaving well and when was the last time you saw the pursuit of profit. And isnt that different from the contempt of the fat cat rich. And democrat doug schoen is still with me. Any comment on downton abbey. Well, i guess my dont hedge. Wealth creation is good. More Wealth Creation is the better and whats missing in this country now is a celebration of growing wealth to expand the pie to create jobs and have a better country. Stuart well, what did you say . In this country right now, we have a celebration of growing wealth . We dont have it. Stuart we dont have it. Thats what im saying, we dont have it on either side and were losing as a result because nobody talks about the centrality of economic growth, expansion of the pie. Creating jobs, a better society. Stuart tell me the truth. Do you think that president obama really values growth for our economy or redistribution of the wealth . I think hes far more in the camp of redistribution than growth. And his Central Campaign theme he made clear was redistributing wealth and hes done it, kept his promise. Let me read this for you. The congressman henry waxman demands more executive orders from the president. In a letter to the white house, waxman wants the president to issue new regulations on everything from power plants to Oil Refineries and even Household Appliances. Henry waxman, a member of congress, he wants the president to go around congress with his voice. We have the separation of powers in this country. Something thats hugely important. With a waxman is recommending and i recognize just waxman represents to me a liberal, too. And im against conservative or moderate as liberal. But the idea of president going around congress to get things done, especially when he gets up in his state of the union and says that the sequester is not his work, but the work of congress, suggests to me that the democrats are trying to have it both ways. Blame congress for that which theyve done that they dont like and the president can take power when he doesnt like what Congress Might do. It it sets very bad precedent. Stuart it does indeed. So you give me your professional opinion you think that the president will approve the Keystone Pipeline . I do. Stuart do you think hell go ahead with regulating Household Appliances and Climate Change . I think the president is going to do as much as he can to implement his agenda without congress all the way blaming intransigents and gridlock of washington why he feels he needs to do executive orders. Stuart what happens with the next administration which may or may not be republican. Just as bad as the republicans do it as if the democrats do it, but its a very dangerous trend, we have to make congress work, we have to get the budget balanced, get rid of sequester with a big deal. I dont see it happening, were all going to lose. Stuart what proportion of the democrats, your party, what proportion of democrats do you like . I think maybe 25, 30 , but as congress is very, very small, the power is with the left, and that is very bad for the country. You know, doug schoen, that was a very good i appreciate you having me and in the spirit of president s day were bipartisan and there are problems on the left and the right and we have to call them as we see them. Stuart whatever you say, doug schoen. Thank you very much, doug, always appreciate it. Okay. Stuart how is it, why is it that gold is still trading 1600 an ounce. It is right there. As of today. Why isnt gold going through the roof like our next guest said it would . We will ask you. Plus, were talking secrets, big money secrets. What kind of things are hidden during a divorce . The man whose job it is to find those little things. Sometimes big things. They will join us tonight. [ male announcer ] how could a luminous protein in jellyfish, impact Life Expectancy in the u. S. , real estate in hong kong, and the optics industry in germany . At t. Rowe price, we understand the connections of a complex, Global Economy. Its just one reason over 75 of our mutual funds beat their 10year lipper average. T. Rowe price. Invest with confidence. Request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. With investment information, risks, fees and expenses you know it can be hard to lbreathe, and how that feels. E, copd includes chronic bronchitis and emphysema. Spiriva helps control my copd symptoms by keeping my airways open for 24 hours. Plus, it reduces copd flareups. Spiriva is the only oncedaily inhaled copd maintenance treatment that does both. Spiriva handihaler tiotropium bromide inhalation powder does not replace fastacting inhalers for sudden symptoms. Tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. These may worsen with spiriva. Discuss all medicines you take, even eye drops. 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Rify and lock. Command is locked. Five seconds. Three, two, one. Standing by for capture. The most Innovative Software on the planet. Dragon is captured. Is connecting todays leading companies to places beyond it. Siemens. Answers. Todays president s day. Markets are closed. U. S. Stock market that is. We have oil and gold and they are trading. We start with oil, up only a tiny fraction, only a buck and gold is way down there at 1611 as of right now. Got to tell you about oil as well. That market is open. 95 per barrel, but very, very Little Movement there. Gas prices weve got movement all right. The price is up. National average for regular up more than a penny again overnight. 3. 73. And that makes 32 Straight Days that regular gas has moved up and in that onemonth period were up 43 cents and affects your wall each and every day. I want to talk about gold more, please. Why isnt it much higher in price if ben bernanke keeps printing money. And joining us peter, youve said that youve said it on the program. Gold is going to go up. Now, i understand that youre probably sticking with that prediction, gold is going to go up in the longterm. Why hasnt it gone up very much in the last year, year and a half, when ben and everybody else is printing like crazy . Well, first of all, remember, we had a huge move in the last ten years, and started this bull market from under 300 an ounce. So it had a big move from 300 to close to 1900. It has been consolidating for the last couple of years and i think its preparing for another big move up, but i think a lot of people just dont understand the situation. People think that the problems have been solved. They think that the Global Economy is out of the woods, that the worst is over for the u. S. And stock markets are rising. Now, the euro is rising and people are complacent about the problems over there and they think theres no reason to own gold and i think theyre making a mistake. The only reason that it looks like the problems are Getting Better because governments around the world are creating so much inflation to cover them up. And its inflation thats driving the stock market higher. You mentioned gas prices and inflation is driving gas prices up. Pretty soon people are going to realize that inflation is a lot worse than the governments let on and i think that people are going to start to embrace gold in a big way. Hold on a second, weve got japan saying we must have inflation, and we want some inflation because theyve had a period of deflation and theyre printing yen like crazy and Prime Minister says you, the central bank of japan if you dont print money well change the rules and make you print more. They dont have inflation fear. Sure they do. Deflation through the roof and prices arent collapsing in japan, they werent rising, but good for the japanese consumer , but, hold on a second, peter. There is no inflation in japan. The price level today is virtually unchanged from what it was three, five years ago. Its not there. But inflation is an expansion in the money supply and the supply of credit and you do have that, but you had some dynamics that were keeping Consumer Prices in check despite all of that inflation, you know, thats going to change in japan. The japanese are going to start to see big increases in Consumer Prices and not going to like it. Take a look at the u. K. Theyre tolerating inflation it it picking up in the u. K. And yet they dont care and theyre going to keep printing money. Inflation is the new monetary policy. Central banks create inflation and governments dont have to default on their debt. Stuart youre right on there. And about the price markets anticipate and i think youre right, everybodys printing, and everybodys printing money, youre right on that. Theres no question about it. But markets anticipate. Why isnt the gold market anticipating the inflation . Why not . I mean, gold is and i dont think that markets have done a very good job of anticipating anything. You remember during the housing bubble. Real estate prices kept rising, and mortgage prices were rising in value and the housing public. The collapse was around the corner and markets didnt anticipate any of that. I think that the markets are blind sided because so many people dont understand the dynamics and doing the wrong thing. Eventually reality is going to catch up with the markets and then the markets are going to react in a big way. Okay. I believe on this program you said, and this was a few years ago, i think you said that sooner or later, a house is going to be worth less than an ounce of gold or a measurement of gold. Sticking to that . Not a house, i said that the stock market. Ive been predicting that the dow and the stock market would be about 11. I started making that prediction when it was over 401 and now its 8 or 9 to 1 and i think in the 6s at one point. But i also said that housing prices are going to continue to fall as measured by gold, especially if they create a lot of inflation to keep propping up nominal home prices which is exactly what the fed is doing, but real time prices are going to fall that much more. I mean, you talked about gas prices before i came on and its not just gas, its food prices that are going up. Its the price of everything thats going up. Its just that the government doesnt acknowledge the pain that consumers feel because theyve he got these phony numbers and cpi that were deliberately designed to hide inflation and we export so many of our dollars, we have a huge trade deficit and now the foreign Central Banks are finding treasuries, you see the inflation in the bond market. And eventually that is going to burst and all of that money is going to chase real goods. Stuart ive got to have a time frame. Its easy to say that at some point in the distant future the price of gold will go to 3,000 an ounce or whatever. Give me a time frame. How long will it i dont think its in the distant future, im not smart enough to know exactly when id be shocked if we didnt have an explosive price up in the price of gold. Maybe 2013, 2014, a currency crisis and sovereign debt and gold is going to do well in that environment, unfortunately the u. S. Will suffer. Stuart we appreciate you being on the show and come again soon. Thank you, sir. Stuart president obama and tiger woods teed up. And the tax refugee, who he is. The media did not have access to the outing if youre looking for video or pictures, they are not available, but the president golfed with tiger and that tiger woods story brings us nicely to the next subject, hiding assets during a divorce. Attorney Phillip Siegel is with us, welcome back to the program. You deal with highend people, they hide assets during a divorce that confuses the other people. Ive got that. Bring it down to earth for me. Most of our viewers are not super highend, super wealthy, theyre in the middle ground. Bring it down to earth. How do ordinary people hide passets from their former partr in a divorce . Well, its important to say that studies show that while married, about half the people, half the people conceal Financial Transactions and dont tell the full truth. Stuart ooh, Phillip Siegel now youre touching on dangerous ground here. Half the people during a marriage conceal assets from their spouse . Conceal some financial transaction according to polls. Stuart that could be because they have separate bank accounts. Because probably is. But certainly what were finding out and this is we have started and they started the divorce act because weve noticed the Market Driven demand by spouses to find assets from their that their exs concealed. Position, you can form a limited Liability Company overnight, and then use that company to buy a Vacation Property for 200,000. Most people are not equipped to figure out that their spouse is behind the Vacation Property that bought the house. Stuart but thats not going to say common, but it happens. It sure does. Stuart frequently . Well, its certainly in our case studies it has. Stuart so i go down to delaware. You dont have to, you can go on the phone and i can start an llc, limited liability corporation. Limited Liability Company in delaware, about 100. Stuart a hundred bucks. That gives me secrecy. Quite a lot of skissy. How do i final the 200,000 bucks or whatever it is to the llc in delaware to buy the Vacation Home . Well, the 200,000 has to go to a bank account that the llc maintains and that llc buys the Vacation Property and the funneling of the money is something that you might have arranged during your marriage if youre one half of the spouses are concealing some of the transactions. For example, people with Small Businesses can funnel off money, they can cook the books while theyre married and say theyre not doing as well they are and some of the money goes into a separate account, goes into the llc account and gets the house and when the divorce happens we get called in figure out why why do you have a smile on your face, the business booming, surreptitious asset creation . Im smiling because no matter how many times you talk about it it, and no matter how many times you warn people it might happen they say it probably wont happen to me and it does happen to them. I smile, but really, a divorce is a terrible thing and peoples lives get blown up and our clients often come to us really in distress and we like doing this because it actually helps people and we find that even people with modest means can sometimes get great help from someones hidden lottery winnings. We had a case someone hid 100,000 lottery winning or gambling winnings or hide a fur coat for 40,000 in a po box theyve been maintaining secretly for seven years. Weve found that. So when you can really help people, its nice. Stuart i guess so. Its just, the cynical view of marriage and its kind of cynical. Isnt it . Its happening so much just well, the sample is skewed, if someone is not getting divorced and dont need to find out they dont come to me. I get the worst Case Scenarios calling into charles griffin. Stuart is business booming. Were hiring, put it that way. Stuart youre hiring. Were hiring another investigator because of that very thing. Stuart help wanted sign at Phillip Segals office. Nice to see you. Thank you. Ive got to tell you what is coming up for you, ask the democrats about the last four years, they will say that the economy generated 5. 5 million jobs, is that the whole story . New at 10 well tell you how many fewer jobs there are today compared to five years ago, its a very big number and we will have that number for you. I want to ask your opinion. What do you think about Phillip Segal and the hiding of assets during a marriage, and digging out those assets in a divorce proceeding . Tell us what you think. Varney foxbusiness. Com. All right. 9 40, time is money, 60 seconds, here is what else weve got for you. Coming up on Varney Company, the markets may be close heed, but were going to try to make you some money. Charles payne joins us in the next hour and hes going to cover stock picks and so does shah gilani, your money doesnt take a holiday and neither do we. The New York Times disagree with me when it comes to tax refugees, and mentioned me twice, calling tax migration a myth. And seems a difference of opin