Banking

I was afforded a most extraordinary experience recently that has given me unique insight into our global financial and political systems. The information I gleaned from this experience is disturbing. What you are about to read will forever change your view of banking, politics, economics and money. It certainly did mine!

Today’s infographic highlights the seven major flaws of the global financial system, ranging from the lack of basic access to financial services to growing inequality.

Most of the time when I am talking with my fellow writers and economists, when somebody mentions MMT, everybody smiles, maybe chuckles, and shakes their heads. The problem is, what seems like a joke is actually getting traction.

This crisis is beyond the banking crisis 10 years ago. It’s everything. You do not want to be a creditor or own stocks going forward.

It should be no surprise that banks are down and taking the rest of the stock market along for the ride.

When the government goes further into debt the biggest problem isn’t that it places a burden on future generations, since the debt will never be repaid anyway. The biggest problem is the immediate dampening effect it has on economic progress.

The stock market is a great place to invest, especially if your start early. It’s also a great place to teach kids about investing. Let’s dive in.

The term ‘fiat money’ comes up often and is used in financial and economic commentary. Definitions are offered, but they vary somewhat in accuracy and clarity, and tend to be incomplete, so what exactly is the most accurate and complete definition? Words: 663

Market participants often expect the next crisis to look like the last one, but it never does. IMO, the current monetary system’s ultimate financial crisis, meaning the crisis that leads to a new monetary system, will have to be inflationary. Here's why.

It's impossible to pinpoint when and where the next crisis will spring from but, looking at the actual U.S. consumer debt data today, it's not likely that consumer debt will be the trigger point of the next major capital market meltdown...