Monday , 3 October 2022

Finance

Americans Abroad: The Ugly Facts of FACTA

In 2011, the IRS introduced the Foreign Account Compliance Act, or FACTA to “minimize tax cheats” but in doing so FACTA is making banking - and life in general- painfully difficult for millions of American expats. The affects of FACTA are illustrated in the following infographic.

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Piling On Debt Has Destroyed the “American Dream” – Here’s Why

The American Dream--characterized by plentiful jobs offering living wages, security and opportunities to get ahead--is over....Piling on debt is not a solution; it's simply a politically expedient method to forestall the crisis, while guaranteeing the eventual repricing will be even more severe because the debt load is then so much larger. If you think otherwise, I strongly recommend that you reduce your dosage of Delusionol.

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“Hot Money” Growing at 6.5% Annually – Here are the Culprits

Every year, roughly $1 trillion in "hot money" flows illegally out of developing and emerging economies due to crime, corruption, and tax evasion growing at an average rate of 6.5% annually (and at an 8.6% clip in Asia). China, Russia, Mexico and India lead the way as depicted in the following infographic.

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Milton Friedman On Governments, Free Trade & Drugs

There are very few people over the generations who have had ideas that are sufficiently original to materially alter the direction of civilization. Milton Friedman was one of those very few people. Below are his views on governments, free trade and drugs.

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How Central Bankers See the World – REALLY (+2K Views)

Believe it or not, the keynote speaker at the recent International Economic Symposium was none other than the straight talking Gustavo Laframboise-Pierre, Global Director of Statistical Creation at the European Central Bank. What he had to say goes a long way in explaining how the word ‘truth’ has become nothing more than a hollow collection of 5 letters with no meaning.

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Strange Things (6) Are Happening In World Financial Markets (+2K Views)

Interesting things have certainly been happening in the underpinnings of global markets — things that either run counter to long-standing financial logic, or represent an unusual dislocation in the “normal” state of market affairs, or were once rare occurrences but have been happening with increasing frequency. Here’s a rundown.

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The 10 Best Business Decisions Of All Time

When we see companies and individuals...become household names we have to wonder what it is that they did to get there...Take a look HERE at 10 of the best business decisions of all time, many of which have happened in the past decade or so.

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Fed Unlikely To Raise Rates Anytime Soon – Here’s 5 Reasons Why

The US Federal Reserve has been increasingly hinting that it would raise its policy rate at its next meeting, which is scheduled for December but their communications have been sloppy, erratic and contradictory. To get a sense of where the Fed might go a closer look at some of the key underlying economic forces, however, it is clear that there are 5 key reasons that the Fed is unlikely to raise rates anytime soon.

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