Managing your finances isn’t just about numbers; it’s about creating a lifestyle that allows you to live comfortably, save for the future, and enjoy the occasional splurge without guilt. Whether you’re just starting out or you’re well on your way to retirement, understanding the fundamentals of finance is crucial. Let’s dive into some essential tips […]
The Shift In Global Economic Landscape
As the world navigates post-pandemic recovery, recent events are reshaping the global economic landscape. From shifts in trade policies to rising inflation, these changes are having a profound impact on businesses and consumers alike. Inflation and Interest Rates One of the most pressing issues facing economies worldwide is rising inflation. Many countries, including the U.S. […]
Could The United States Go Bankrupt?
People are asking “Could the United States go bankrupt?” The short answer is: Absolutely. Yes. The United States defaulted on some or all of its debt in 1790, 1833, 1861, and 1979. The long answer is: Yes, No, Not really, But yes. As of this writing, the United States is, or holds $34,569,585,071,672 (over 34 […]
The One Trillion Dollar Problem
Suppose you had one billion dollars. You could spend $5,000 per day for more than 500 years before you would run out of money. The cost of paying for America’s national debt crossed the $1 trillion dollar mark in 2023, driven by high interest rates and a record $34 trillion mountain of debt. Over the […]
The Open Banking Rule
It seems as the days go on, the “you’ve got to be kidding me” file continues to grow at a rate that far exceeds the imagination and one that is far greater than one is able to keep up with, this one being no exception. The super geniuses of some governments around the world have […]