Wealth Tax – A Warning To (All) Taxpayers

Wealth Tax – A Warning To (All) Taxpayers

Over the last two decades, Western economies have been increasingly driven by debt.  A significant contributor to the 2008 stock market crash was unsustainable debt. How did we fix the problem? We loaned even more.  Since then Western nations have doubled the national...
Our Economy Is Going to Hit an Iceberg in 10 Days

Our Economy Is Going to Hit an Iceberg in 10 Days

The U.S. economy appears to be headed for an iceberg in just over a week, thanks in part to a dumb technicality that Congress accidentally overlooked while passing its coronavirus relief legislation in March. In theory, the $600 per week federal unemployment benefits...
Skyrocketing Costs Will Pop All The Bubbles

Skyrocketing Costs Will Pop All The Bubbles

The reckoning is coming, and everyone who counted on “eternal growth of borrowing” to stave off the reckoning is in for a big surprise. We’ve used a simple trick to keep the status quo from imploding for the past 11 years: borrow whatever it takes to keep paying the...