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Even though Trump and the Republicans haven’t delivered on their promise to repeal and replace Obamacare, it’s clear Trumpcare would have been a slight improvement over the former. However, a truly successful bill would have been repeal and then … nothing. The main goal of any proposed legislation should have been to remove the government […]
This week, Trump’s taking to social media to transform his Twitter followers into a grassroots movement to get the TrumpCare bill passed. FBI Director James Comey sets his sights on the Trump campaign as well, dropping the bombshell on Monday that the Bureau would be investigating possible Russian collusion.
America’s westward expansion owes much to the search for gold. Strikes in 1848 at Sutter’s Mill in Coloma, California set off some 300,000 explorers looking to transform their lives. Although few actually found their fortune directly in gold, other entrepreneurs “struck it rich” by establishing banks, saloons, grocery stories, and more to provide goods and […]
The annual Retirement Confidence Survey (RCS) was released recently and shows 1 in 4 workers surveyed have less than $1,000 saved for their retirement. The RCS, published by the Employee Benefit Research Institute, measures statistics taken from 1,000 individuals aged 25 and over about their retirement confidence, planning strategies, and savings amounts. The survey’s results […]
State Senator from Maine Eric Brakey recently introduced Senate Bill 664, which attempts to provide sales tax exemption for precious metals purchases of “gold and silver coins and bullion.” Passing Brakey’s bill would align Maine with many other states that think taxing precious metals is bad business and discourages consumers from protecting their wealth. The […]
This week, Trump laid out his big budget adjustments and issued a loud silence about the Fed’s decision to hike rates for the second time since Election Day. In the same week, he’s also changed opinions on unemployment numbers, which he once lambasted and is now using to prove his effectiveness as a leader on […]
Prior to the FOMC raising the Federal Funds Rate this week, the Atlanta Fed revised its estimate of Q1 GDP from 3.4% to 0.9%, an enormous downward revision that suggests Chairwoman Janet Yellen and FOMC authorities aren’t as data dependent as they claim. The serious lack of economic growth indicated by the downward revision should […]
The FOMC raised interest rates on Wednesday, with the decision coming on the heels of the Consumer Price Index data released Wednesday morning by the Bureau of Labor. The report shows an uptick in the price of consumer goods for February, a net gain of 0.1%. Although down from January’s 0.6% increase, a year-over-year look […]
In his latest podcast, Peter Schiff discusses the February Non-Farm Payroll Report and President Trump’s change in attitude towards the credibility of the data. During his campaign, Trump continually told his supporters the truth about the tanking US economy, characterizing the jobs statistics as phony data. Ever since his election, however, he now considers these […]
Ancient Babylonia is known as the “cradle of civilization,” because it helped develop many important parts of our modern society, from laws (Code of Hammurabi) to advancements in astronomy and architecture. It also helped establish rules and procedures that have influenced modern day banking institutions. A quick look back at Babylonian finance provides insights into […]
