June 23, 2018
The chief U.S. investment regulator now says that Bitcoin and Ethereum are not securities. The Securities and Exchange Commission (SEC) point man on cryptocurrencies, William Hinman, is responsible for the decision. Hinman’s official title is …
June 22, 2018
Billionaire and cryptocurrency bull Tim Draper is holding steady to his $250,000 Bitcoin prediction by 2022. He first made the prediction on April 12th, at ‘2018 Block (Chain) Party’, at his self-named Draper University in San Mateo, …
June 20, 2018
According to a study by the Economic Policy Institute nearly half of American households report having zero retirement savings. In this sorry state of affairs, a book that was published nearly 62 ago seems appropriate. Bob Belmont, a sci-fi …
June 19, 2018
Over 63% of affluent young adults between the ages of 18 and 22, the so-called Generation Z demographic, are counting on familial inheritances to pay for their retirement years. This is according to a recent Merrill Edge Spring Report compiling data …
June 18, 2018
President Trump and his administration are finalizing a list of goods from China that will be subject to the newly imposed 25% tariff with the tariff going into effect soon. This is only one of many details and deadlines that are looming in the …
June 17, 2018
Foreign investment icon Mark Mobius said that North Korea presents a “tremendous opportunity” for future international commerce. President Donald Trump and North Korean leader Kim Jong Un’s recent historic summit in Singapore has emerging …
June 16, 2018
How much of the world’s money is actually cash — paper bills, like you see in a bank heist movie? Half, you might guess. Perhaps less. Try 8%. Economists believe that of all the world’s paper money, just 8% is actually paper. The rest …
June 14, 2018
Swiss voters this past week soundly defeated a “sovereign money” initiative, a referendum which would have led a fundamental change to monetary system in the country — dramatically limiting private bank lending. Nevertheless, 25% of the country did …
June 13, 2018
Former Federal Reserve Chairman Ben Bernanke, who oversaw the economy during the Great Recession and lowered interest rate to zero in response, warns that the enormous Trump tax cuts are likely to push the economy off a cliff — then it falls to the …
June 13, 2018
Escalating global trade war tensions, fueled by mounting Trump administration bravado, could retrigger the 2008 global financial crisis, warns the World Bank. This is the grim prediction that the bank foresees in their latest Global Economic …
