Meraglim Blog
This Guy Thinks He Doesn’t Owe IRS Taxes on Crypto Profits. Guess Again
This would rank as the funniest article of the week if it weren’t so sad for the individual involved. We’re all familiar with the IRS Form 1099. That’s the one used to report most income other than regular wages that go on Form W-2. The person paying the income — it could be a bank,
This Half-Billion-Dollar Cryptocurrency Nightmare Just Won’t Go Away
You’ve probably heard about the Coincheck fiasco. Coincheck is a Japanese-based cryptocurrency exchange. The exchange was hacked and about $530 million of cryptocurrencies went missing. This caused the usual “run on the bank” as customers scrambled to withdraw their deposits. The exchange had to close its doors and prohibit customer withdrawals. This is similar
Trillion-Dollar Deficits Are Coming to U.S. and No One in Either Party Cares
Remember the “tea party” revolt in 2009–2010 against government bailouts and government spending? Remember the “fiscal cliff” drama of Dec. 31, 2012, when Congress raised taxes and cut spending to avoid a debt default and government shutdown? Remember the actual government shutdown in October 2013 as Republicans held the line against more government spending?
What You Need to Know About a Crazy Election That Could Roil Markets
Last year was an eventful one in terms of European elections and fears that a nationalist Trump-style wave of candidates could sweep into office. It never happened. The right-wing nationalist parties showed strength but were unsuccessful at gaining control of governments in Netherlands, France and Germany. A nationalist became chancellor of Austria in December
The Death of Cash Is Coming Sooner Than You Think
We’ve heard reports for years about the “death of cash.” Yet most savers and investors believe this is something for the distant future. It’s not; it’s happening in real-time, as this article shows. Sweden is the canary in the coal mine for a cashless society. But now Swedish authorities have become concerned that the trend
Turkey Will Be Ground Zero in the Next Global Debt Crisis
Turkey Will Be Ground Zero in the Next Global Debt Crisis