Banking

Americans, and governments across the world, have more debt than they can ever hope to repay and that's why a number of public figures are suggesting a radical and ancient solution; a debt jubilee...

The Federal Reserve has vowed to provide up to US$2.3 trillion in lending to support households, employers, financial markets and state and local governments struggling as a result of COVID-19 and corresponding stay-at-home orders...[but] very little of the Fed’s money actually comes from taxpayers or sales of government bonds. Most of it, in fact, emerges right out of thin air.

How did the U.S. Government get away with paying less interest expense on $3 trillion more debt?? Here's how.

If you read only one post all year, this is the one I want you to read. I think it’s that important so please take some time to learn about Modern Monetary Theory.

Please take or leave what I am about to say as you like. 

The Federal Reserve system is an imperfect, but rather innovative, clearinghouse. Its structure as, “independent within government,” makes it hard to decipher precisely who owns it but here's my understanding of what it actually is.

Suppose you were NSA whistle-blower Edward Snowden, or fictional international spy Jason Bourne, and the most powerful intelligence agencies on the planet were hunting you. Where would you go? A crucial factor in deciding where to go is whether or not the country has an extradition treaty with the U.S. This article presents a list of all such countries and less extreme ways to protect yourself from the untoward actions of your government. Words: 519

To the Fed, a 10% correction is so catastrophic they couldn’t even wait two more weeks for their regularly scheduled meeting.

Last week, the Fraser Institute released a global survey of 263 mining professionals who ranked 73 jurisdictions according to their attractiveness for mining investments. Last year, Canada ranked #1 - but not this year. 

Where abroad? In Scandinavia. Why? To seek refuge from currencies like EUR, USD, CHF, and GBP and diversify your political risk and secure your savings. How? Read on. This article explains why countries and specific banks in Scandinavia deserve your consideration as safe and reliable places to stash some cash abroad.