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
Return to the Pentagon Accredited investors interested in learning more about Jim Rickard’s private placement in the world’s first predictive data analytics startup that combines human and artificial intelligence with complexity science should check out his offering at Meraglim Holdings. Click the link to learn more.
“Ice Nine” Comes to China Accredited investors interested in learning more about Jim Rickard’s private placement in the world’s first predictive data analytics startup that combines human and artificial intelligence with complexity science should check out his offering at Meraglim Holdings. Click the link to learn more.
Regular readers know my view of bitcoin. I’ve said all along that it has no utility other than as a token for criminal transactions. Bitcoin is slow, expensive, non-scalable and non-sustainable. It is not suitable as money because the money supply it represents is inelastic once the last bitcoin is mined (and we’re already
Not all investors are created equal. Some just buy and hold, which may be OK in the long run, but it subjects you to 50% declines periodically. If those declines come just as you’re getting ready to retire and the market takes 10 years to recover, that’s not a great outcome. Other investors are more
One of the oldest jokes in economics is that “the stock market has predicted nine of the last five recessions.” That’s a reference to the fact that stock markets tend to decline about six months before a recession, but they also decline at times when there is no recession. This makes the stock market
