There’s never a dull moment in geopolitics. The North Korean crisis has calmed down, at least temporarily. Kim Jong Un and Donald Trump are preparing for a peace summit, probably in early June at a location yet to be determined. Kim Jong Un is making verbal concessions about denuclearizing the Korean peninsula and discontinuing nuclear
We’re all familiar with the so-called “run on the bank.” It usually begins quietly with just a few depositors getting nervous about the solvency of the bank. They line up to get their cash out before the bank closes its doors. Soon the word spreads and the line gets longer. The bank projects an air
We’ve written frequently about the cashless society. Basically, physical cash is being replaced with completely digital means of payment including credit and debit cards, online bill paying, direct deposits from your employers and alternative systems including Apple Pay, PayPal and cryptocurrencies. These digital payment systems allow all financial transactions to be tracked by the government
Donald Trump came into the White House with an opportunity to have the greatest impact on the Federal Reserve Board at one time of any president since Woodrow Wilson in 1913. That was the year the Federal Reserve was created and the Fed Board was vacant except for two seats reserved by statute, including one
On Monday, April 16, President Trump sent the following tweet: “Russia and China are playing the Currency Devaluation game as the U.S. keeps raising interest rates. Not acceptable!” The tweet received widespread media attention as shown in this article. But, let’s unpack Trump’s tweet a bit. Superficially it reads like a criticism of China and Russia
