Canadian members of Parliament are concerned about the potential subjection of their citizens' private banking data to the U.S.'s PATRIOT Act surveillance.
With China leading the way by selling a record $187 billion of U.S. treasuries in 2015, a massive global liquidation continued during January and February of this year. What does this mean for the U.S. economy?
Citing concerns about about a possible economic crisis and a desire for monetary stability, the State of Tennessee is now officially on record supporting the establishment of a depository facility to house gold and other precious metals for Tennesseans. In a remarkable example of bi-partisanship on serious issues, the resolution passed unanimously in both the state House and Senate before being signed by the governor. But more work remains, according to pro-Constitution and sound money activists supporting the efforts.
The U.S. House Oversight and Government Reform Committee announced its intention to mark up a bill calling for an audit of the Federal Reserve.
Kudos to Trump for being willing to talk about the elephant in the living room: the U.S. national debt and the likelihood of defaulting on that debt because of an inability to pay.
In a microcosm Puerto Rico looks very much like the United States might in just a few years, and for the same reasons.
A survey conducted by Harvard University indicates that a majority of Millennials do not support capitalism. While the results may be troubling, however, some contend that the Millennials’ antipathy toward capitalism is misplaced frustration at the crony capitalism, corporatism, and socialistic systems that have hijacked a once free market. Furthermore, the study’s findings may simply underscore what has already been revealed in previous surveys — that Millennials do not actually know what capitalism or socialism mean.
After driving interest rates into the negative in numerous countries around the world and despite being charged with reducing systemic financial risk, central banks around the world are speculating in risk to improve their portfolio returns. The irony of aiding and abetting yet another financial bubble is apparently lost in the equation.