Category: Economics

Illinois Foreshadows the Future of US Pensions

Illinois Foreshadows the Future of US Pensions

Are you paying attention to what is happening with the pensions in Illinois? If you’re like most people who don’t live in Illinois, you’re wondering why you should care since it isn’t your state, right? A judge just ruled that the State of Illinois has to use 100% of their (tax) income to pay for…

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Minimum Wage

Minimum Wage

What’s the minimum wage objective? Proponents of raising the minimum wage have stated their goal is to obtain a “living wage” for the lowest paid worker. That sounds truly magnanimous on the surface. Who wouldn’t want a “living wage?” Leadership in both political parties support the idea of a minimum wage. The Democratic Party even…

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Cash Holdings of Apple and Others Are At Massive Risk

Cash Holdings of Apple and Others Are At Massive Risk

The cash holding of Apple and other high tech companies are piling up. This is a practice often done by international companies because of foreign exchange variations. The funds are held in cash accounts [bank accounts] or cash equivalents [most typically bonds]. As noted below, there are more $7 trillion in bonds with negative interest…

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The Derivatives Market Is About To Implode the Big Banks Once Again!

The Derivatives Market Is About To Implode the Big Banks Once Again!

You know how we hoped that financial markets learned their lesson when the global financial markets came within hours of a total collapse? Well, they didn’t! The 2008 Crash was caused by the unregulated derivatives markets. And if you think that problem has been fixed, you’re mistaken.DB [Deutsche Bank] sits atop the largest derivatives book…

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Investing Legends Have Become Bearish on U.S. Stocks

Investing Legends Have Become Bearish on U.S. Stocks

Never has it been more obvious that a major crisis is near at hand than when you see investing legends have become bearish on US stocks. There are more and more announcement or comments from those individuals on a daily basis. Both George Soros and his ex-partner from the Quantum Fund days, Jim Rogers, has…

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Which Occupation Is Most Frequently Claimed In The Panama Papers?

Which Occupation Is Most Frequently Claimed In The Panama Papers?

The farce of all the yelling and screaming by the OECD and G-20 “pinocchios” over the Panama Papers. With all the anti-one-percenter rhetoric and tax-evading-evil-doer narratives spewing forth from the mainstream media mouthpieces of the establishment since The Panama Papers were exposed for all to see, it may come as a surprise to some to…

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Is “Wheelbarrow Economics” Coming To Your Country?

Is “Wheelbarrow Economics” Coming To Your Country?

An article by Jeff Thomas, at International Man, he talks about the “movie” being played out in Venezuela, where “wheelbarrow economics” is playing out today (this very minutes) as they predicted back in 2014. How could they know it would? Simple. The pattern followed by Venezuela is roughly the same as for the other jurisdictions;…

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Chaos Descends On Venezuela… Europe and US Next?

Chaos Descends On Venezuela… Europe and US Next?

Jeff Berwick, from The Dollar Vigilante, recently visited Venezuela with the help of a young man who started the Von Mises Institute organization in the country. The picture to the left is an example of the outstanding healthcare available to the people of Venezuela since it was completely taken over by the government. This was…

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Pension Fund’s Proposed 60% Cut Is “Not Enough” Says Treasury

Pension Fund’s Proposed 60% Cut Is “Not Enough” Says Treasury

The collapse of pensions begins. One of the largest pension funds just let it be known that most of those covered and contributing will most likely receive nothing in return. 407,000 private sector workers are about to lose most of their pensions. The Central States Pension Fund, which handles the retirement benefits for current and former…

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Is The Shift To A Cashless Society Snowballing Or Being Forced?

Is The Shift To A Cashless Society Snowballing Or Being Forced?

Love it or hate it, cash is playing an increasingly less important role in society.The Federal Reserve estimates that there will be $616.9 billion in cashless transactions in 2016. That’s up from around $60 billion in 2010.No doubt that there has been a shift in the direction of a cashless society. It’s been a slow progression based…

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