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Leaked Tax Reform plan misses the boat completely since America is a consumer economy, not a manufacturing one

Earlier this afternoon Axios published what they called a 'leaked' outline of President Trump's planned legislation for tax reform.  And of course both Republicans and Democrats in Congress responded with their tired old complaints about the rich not being taxed enough, and the deficit not allowing for large cuts. However none of their arguments actually hold any water since the majority of big corporations ...

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Ratings agency hypocrisy continues on as S&P downgraded China over debt, but ignores U.S.’s 105% debt to GDP

On Sept. 21, S&P ratings agency downgraded China for what they determined as 'risks involved in debt expansion', and this move follows a similar one done by Moody's ratings agency a few months ago against the Far Eastern economy. However neither of these arbiters of credit worthiness have sought fit to impose the same decline on America's own sovereign rating, and this despite the fact that the governme ...

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Insane regulations within the state of Florida are hampering citizens from returning to their lives

Almost everyone, including the biased media gave the Trump administration high grades for the Federal government's efforts in aiding people during Hurricane's Harvey and Irma.  But sadly the same cannot be said for the state of Florida as years of insane regulatory statutes are making people returning to their homes a living hell. In fact there are two laws in particular which are severely hindering the reb ...

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The state and municipal pension ponzi schemes are beginning to pop with Ohio next on the docket

If there is anything that politicians are good at doing it is ignoring potential threats until they suddenly fall out of the sky and bring to their doorstep a slew of angry constituents.  Yet before this happens these same politicians will try to kick the can of any proverbial crisis down the road until they no longer are in office to deal with it, or they can somehow spin the crisis to their benefit. One o ...

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India joins in on the bandwagon of sovereign governments potentially creating their own cryptocurrencies

Since cryptocurrencies are pretty much in the infant stages of acceptability and understanding, sovereign governments as a whole are on the fence in how to deal with de-centralized money.  However within the BRICS nations there is a growing trend towards co-opting the blockchain platform for their own benefit, and this is leading a majority of the countries within this coalition to begin a serious study on ...

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When it comes to government healthcare who is more ignorant? Bernie Sanders or the constituents that voted for him

Criticizing voters is not exactly fair since the Constitution protects the rights of the ignorant as well as the educated in their casting of ballots for whomever they so desire.  However when the People have to deal with a number of Congressmen and women in both the House and Senate who really have no business being there, who else can Americans blame since decisions made by these individuals can often hav ...

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Even as ESPN doubles down with more politics than sports, the TV industry continues to hemorrhage viewers

Over the past few days one of the biggest scandals hitting ESPN once again is from one of their African-American announcers calling President Trump a white nationalist because of his failure to cow-tow to the politically correct Black Lives Matter agenda.  And this scandal is simply a microcosm of the network's move over the past few years to spend more time talking about politics and social justice topics ...

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EU’s Juncker pressures ancillary states to not just join trade union but to also accept Euro as their primary currency

All appearances within the European Union are pointing to EC commissioner Jean-Claude Juncker wanting to turn Europe into one big superstate as the leading official is seeking to mandate that all ancillary countries who wish to join the coalition's Schengen Zone (trade zone) must also accept the Euro as their primary currency. Additionally on Sept. 13, Juncker called for the Union to create the office of a ...

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Consumers still racking up credit card debt at levels not seen since 2008 and the financial crisis

By now many people have read the stories or seen the surveys that show that the majority of Americans are either living paycheck to paycheck, or don't have enough savings to pay for an emergency expense of more than $400.  Which means that as price inflation continues to soar in the general economy, there are only two ways consumers can keep up with their buying of necessary items.  They skip out on one or ...

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How can the world focus in solutions when everything is now at risk?

The devastation of Hurricanes Harvey and Irma are just the latest in a long line of financial problems that the United States, Europe, and the rest of the world can't afford to pay for.  And as we head into the most volatile time of the market year, the question that crops up is how can individual nations, or the global community, focus on economic solutions when nearly everything is now at risk? Wars: Nort ...

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Russian finance minister working on regulatory groundwork for cryptocurrencies to end their ‘black market’ use

As we have mentioned in many articles here in the past, it was only a matter of time before individual governments begin to focus on cryptocurrencies and the myriad of other securities sprouting up on the blockchain.  In Japan for example, the government has readily accepted cryptos like Bitcoin as currency and are allowing their use within their general economy. However for China, Russia, and with the othe ...

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Poland flexes muscles against Germany by demanding $1 trillion reparations for World War II crimes

As the German led and controlled European Courts threaten to fine several Eastern European governments for refusing to accept Muslim jihadists into their borders, one of these countries is fighting back with a $1 trillion demand for reparations against Berlin. On Sept. 5, Poland's Foreign Minister said in a radio interview that serious talks must begin to take place over the atrocities and war crimes commit ...

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