image_pdfimage_print

How High Can It Go? Bitcoin Shocks The World By Crossing The $7000 Mark Less Than 1 Month After It Sold For $5000

Less than a month ago, Bitcoin was selling for less than $ 5000, but now it has smashed through the $ 7000 mark with seemingly no end in sight.  At this point Bitcoin has a total market cap of more than 100 billion dollars, and some analysts are suggesting that it could eventually go as high as a trillion dollars.  Cryptocurrencies overall are up an astounding 640 percent so far in 2017, and personally I regret not investing when Bitcoin was still in the very early stages.  I always thought that governments would eventually crack down and regulate cryptocurrencies out […]

Read More

Shock Survey: Less Than 1 Out Of Every 4 Republicans In Congress Support A Border Wall

It is time to flush the toilet in Washington D.C., because the professional politicians that we have been sending there just keep betraying us over and over again.  On Wednesday, I was absolutely stunned when I came across a brand new survey that was conducted by USA Today.  They asked all of the members of Congress whether they support a border wall or not, and less than one out of every 4 Republicans said that they did.  This is just another example of why the American people are so deeply frustrated with the Republican Party these days.  Most Republicans are […]

Read More

These Days Young Men In America Are Working A Lot Less And Playing Video Games A Lot More

If you could stay home and play video games all day, would you do it?  According to a brand new report that was released by the National Bureau of Economic Research on Monday, American men from the ages of 21 to 30 are working a lot less these days.  In fact, on average men in this age group worked 203 fewer hours per year in 2015 than they did in 2000.  So what did they do with all of that extra time?  According to the study, a large portion of the time that young men used to spend working is […]

Read More

Credit Card Companies Specifically Target Less Educated And Less Sophisticated Americans

The big credit card companies don’t make much money off of those that pay their bills on time, and so they often specifically target less educated and less sophisticated consumers that don’t really understand the dangers of credit card debt.  The goal is to find people that will carry credit card balances from month to month, because that is where the real money can be made.  The average U.S. household that carries balances from month to month has approximately $ 15,310 in credit card debt right now.  At an average interest rate of about 15 percent, the profits pile up […]

Read More

The 10-Year Treasury: It’s Less Than You Think

When the Fed was created in 1914, it was set to task of controlling short-term interest rates in an attempt to iron out financial cycles. It succeeded for many years. But by avoiding the natural rebalancing (and occasional pain) from free markets, we just got a bigger bubble into 1929. Then, when it finally burst, we got the greatest depression in all of modern history! Since the Fed and other central banks were created, they have always manipulated short-term interest rates to try to encourage borrowing and spending in slowdowns – to make the natural economic cycle “go away.” And […]

Read More

Gas Isn’t Even What It Cost in the Great Depression: It’s Less!

I know gas is cheaper than it was a year ago, and even six months ago. With the price falling through $ 2 per gallon, I’m feeling pretty good when I fill up my car. Since I currently support five drivers, each with their own vehicle, cheap gas is one of my best friends. But I want it to go lower. I want gas to be as cheap as it was when I first started paying for it myself. As it turns out, it already is. At just under two bucks a gallon, gas is cheaper than milk, shampoo, soda, […]

Read More