Economic Insights

Goin’ Doon the Watter

I am speaking in Rothesay at St Paul’s Church Hall, Deanhood Place, at 2pm on Saturday. I am heading back up to Scotland today. I will be there in any circumstances, and will dash back down afterwards should events with Julian and Wikileaks require. I have incidentally had a definitive reply from the Embassy of […]

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104: Taking matters into your own hands

Last week in its annual report, the US government reported that Social Security’s long-term, unfunded liability now exceeds $50 TRILLION. Moreover, they state that the Social Security and Medicare trust funds will run out of money in 2034. This is the government’s own calculation. Bottom line: The younger you are, the less you should count […]

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US government’s net worth is now NEGATIVE $75 TRILLION

Usually around the middle of February each year, the US Treasury Department releases an annual report of the federal government’s financial condition. It’s called the Financial Report of the US Government… and it looks a lot like an annual report that you might see filed by a big company like Apple or Facebook. Except that, […]

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The True Size Of The U.S. National Debt, Including Unfunded Liabilities, Is 222 Trillion Dollars

The United States is on a path to financial ruin, and everyone can see what is happening, but nobody can seem to come up with a way to stop it.  According to the U.S. Treasury, the federal government is currently 22 trillion dollars in debt, and that represents the single largest debt in the history […]

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If Donald Trump is the King of Debt, these guys were the Kings of Inflation

Maximilian Bern had saved up 100,000 German marks for what should have been a modest, but comfortable retirement. But in 1923, he withdrew every last cent, and spent it all on one purchase: a subway ticket. He rode around his city one last time before returning home, and locking himself in his home, where he […]

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Toman Startup: We Will Be the Pioneer of Smart-City Platforms

FinTech startups usually use bank investments to enter the market, but Toman is different. It has entered the market without any bank investments. In the course of the past 7 months, Toman has obtained a considerable part of the online transactions of taxi fee payments. The very presence of big banks in the FinTech market […]

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12 Statistics That Prove That The U.S. Is Facing A Consumer Debt Apocalypse

In the entire history of the United States, consumers have never been in so much debt.  And that would not be a crisis as long as the vast majority of us were regularly making our debt payments, but as you will see below delinquency levels are starting to rise to extremely alarming levels.  In fact, […]

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Remember Negative Interest Rates? Yeah, that’s still a thing.

It’s not enough to hand over your money to the government anymore. Now you have to pay them for the privilege to do so. That’s the basic premise behind negative interest rates: investors around the world are crazy enough to buy government bonds whose yields are actually below zero. In technical terms, this GUARANTEES that […]

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2018 Silk Road Startup’s Road Trip Kicks off on October 13

2018 Silk Road Startup’s Road Trip will be kicked off on Saturday, October 13th. A team of Iranian and international entrepreneurs and investors will take a 10-day tour to 5 cities of Iran in search of the best startups around the country. Silk Road Startup is organizing the 2nd series of pitch competitions around Iran […]

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Deadbeat Nation: 37 Million Credit Card Accounts In The U.S. Are “Seriously Delinquent” Right Now

Is the consumer debt bubble finally starting to burst?  If the latest numbers on delinquent credit card accounts are any indication, that appears to be precisely what is happening.  As I noted the other day, Americans currently have 480 million credit cards, and they are carrying 870 billion dollars worth of balances on those cards.  […]

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