The elites are prepping for doomsday — say WW3, a civil war, or other societal collapse — by buying land in New Zealand and condos in old missile silos, and stockpiling food and ammunition.
The Obama-era Foreign Account Tax Compliance Act (FATCA) horror show may be coming to an end. With President Donald Trump in the White House and Republicans in charge of both houses of Congress, critics and victims of the scheme, dubbed the “the worst law most Americans have never heard of,” are launching a fresh push for repeal. From foreign political leaders and powerful CEOs to embattled Americans overseas and domestic activists, pressure is building on Republicans to adhere to the GOP platform calling for abandoning the controversial measure. And with major tax reform high on the agenda for the new Congress and Trump, analysts say there is a very real opportunity for the entire FATCA regime to come crashing down — if the pressure stays on.
With the savings rate in the United States projected to fall to 3.13 percent by year end, it's no surprise that populist rhetoric offering "free" things has captured the attention of so many Americans. Saving money is the antidote to the rise of socialism in the United States.
A senior Republican lawmaker is putting Federal Reserve System boss Janet Yellen on notice: There's a new sheriff in town, so America and American interests had better come first from now on. Citing the victory of President Donald Trump, Congressman Patrick McHenry (R-N.C.), the vice chairman of the powerful House Financial Services Committee, sent a letter to Yellen demanding an end to secretive negotiations with unaccountable foreign entities plotting to impose ever more burdensome regulations on Americans. In the letter, the congressman calls such scheming “unacceptable” and demands that it be stopped.
The Trump administration's move to stop the cut in the FHA home mortgage insurance rate is a good one — if one understands economics.
The ripple effect of business investment in the United States, thanks to the friendly face in the White House, is likely to accelerate.
Facing its best chance of passage ever under the new GOP-controlled Congress and the incoming Trump administration, wildly popular legislation to open up the Federal Reserve's books, known as “Audit the Fed,” was just re-introduced in the 115th Congress. The bill, sponsored by dozens of lawmakers in the House and the Senate the day it was re-introduced, would force the obsessively secretive and increasingly controversial central bank to submit to a full government audit. But the Fed and its apologists do not plan to allow a real audit without a tough fight.
Reality has yet to set in among those professionals managing billions in pension plans across the land, as they set target rates of return on investments far above what they will likely make.
It’s official: McDonald’s says that every one of its 14,000 stores nationwide will be replacing cashiers with automated touch-screen kiosks.