Finance

This past January the amount of debt the U.S. government can hold was reached and, according to Treasury Secretary Janet Yellen, its cash reserves will likely be exhausted by June 1st. Should that happen the government won’t be able to pay its bills by taking on new debt causing the U.S. to default on its debt and that would result …

The average professional athlete in the U.S. will make more in one season than most of us earn in our entire lives yet, despite those staggering salaries, 78% of NFL players, 60% of NBA players and a very large percentage of MLB players file for bankruptcy within five years of retirement. Let's take a look at 5 possible reasons why the average athlete is destined to go (quickly) from fame to shame.

The U.S. Mint has issued 5 new 25 cent coin designs into circulation which could be worth 100x their face value if they are in average mint state condition. Here's what to look for:

Below is an unbiased look at the best places in Mexico to retire - with real pros and cons - to help you make an informed decision as to which best meets your needs, interests and ambitions. Read on!

Over the past few years, there have been many rumors about a coming global currency, but at times it has been difficult to pin down evidence that plans for such a currency are actually in the works but not anymore. A shocking new report by the IMF is proposing just that - a global currency beyond national control! Words: 820

Hyperinflation is not an unusual phenomenon. 33 countries have experienced hyperinflation over the last 100 years of which no less than 22 have experienced it in the past 25 years and 4 in the past 10 years. The United States is one of the few countries to have experienced two currency collapses during its history (1812-1814 and 1861-1865). Could it happen again?

Over the past 12 years saving gold and/or silver has been an 8x - yes, 8 times! - more effective strategy to grow one's wealth than banking money and I believe it will continue to be so for the foreseeable future for four reasons.

Personal finance isn't nuclear physics - just spend less than you earn, save and invest the rest - but knowing what should be done and actually doing it, however, are two different things. Here are 10 money lessons I wish I had known when I was 20 which have the power to change your life if you are willing to embrace them. Words: 1340

There is a difference between inflation and hyperinflation and there is no gradual path from one to the other. To wind up with true hyperinflation, some very bad things have to happen. The government has to completely lose control the populace has to completely lose faith in the system or both at the same time. Are we there yet? Let's take a look.

I am on assignment at the World Economic Forum in Davos, Switzerland. Unfortunately my previous commentaries irked the organizers so profoundly that I was not allowed the intimate access usually accorded friendly members of the media. No matter, I am staying at a pleasant bed and breakfast about an hour and half outside of Davos....[But I digress. Back to the Forum.] Words: 2369