It’s no secret that central banks hate gold. If they could press a button and destroy every last grain of gold that has ever been produced, they would do it. Gold has always been the ultimate restraint on the ability of governments and central banks to create money out of thin air ad infinitum. Even […]
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The detention of Huawei CFO Meng Wanzhou in Canada at the behest of US authorities led to a great deal of anger on the part of Chinese authorities. The immediate retaliation to Meng’s arrest was the detention by Chinese authorities of Canadian diplomat Michael Kovrig, who was on a leave of absence from the Canadian […]
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In an act of amazing cowardice, the Federal Reserve System is allowing itself to be cowed by markets. Fearful of being blamed for the coming stock market crash and economic slowdown, the Fed has announced that it is no longer committed to reducing its balance sheet to more normal levels. A normal balance sheet would […]
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Gold has served as a safe haven asset for centuries. Investors continue to flock to it in times of economic uncertainty such as today. And it’s no surprise that the most popular coins for investors are those produced by some of the world’s largest gold producers, such as the United States, South Africa, and Canada. […]
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Recent news reports are full of mentions of tax plans such as that offered by freshman Congressman Alexandria Ocasio-Cortez, who supports marginal tax rates of 70% on ultra-high income earners. According to Ocasio-Cortez, an economy that allows billionaires to coexist with those just scraping by to make ends meet is “immoral.” But what Ocasio-Cortez, Elizabeth […]
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While the government shutdown may now be over, its effects will likely still linger for a while. But one thing the shutdown really brought to the fore is the fact that many American households will be unprepared for the next recession. We found out that many government employees weren’t prepared for missing even a single […]
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While pump action shotguns are the classic action associated with American shotguns, semiautomatic shotguns have their place too. The very first semiautomatic shotgun was the John M. Browning-designed Browning Automatic 5. Known as the Sweet Sixteen when chambered in 16 gauge, the Browning Auto-5 was produced by a number of manufacturers, including Savage, Fabrique Nationale, […]
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There’s no denying that 2018 was the year of cryptocurrencies. Fresh off a $20,000 high, cryptocurrency enthusiasts had no doubt that Bitcoin would continue to soar. New products such as Bitcoin futures began to be offered, promising to revolutionize the financial world. Alas, those hopes were a little premature. While Bitcoin’s price is still twice […]
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Two decades after the election of Hugo Chavez ushered in an era of socialism to Venezuela, things are finally coming to a head. After two years of horrendous hyperinflation that have seen everything from medicine to toilet paper to basic foodstuffs in short supply, the regime of Chavez’ successor, Nicolas Maduro, may finally be coming […]
Continue ReadingState lawmakers in the US have made several proposals over the past few years for their states to accept Bitcoin in payment of taxes. Most legislative proposals haven’t gone anywhere, dying in committee or failing when voted upon. But last year Ohio became the first state to accept Bitcoin as a payment for taxes, thanks […]
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