TRAVELING THE WORLD, WRITING WHAT THE PEOPLE NEED TO KNOW.
TRAVELING THE WORLD, WRITING WHAT THE PEOPLE NEED TO KNOW.
In its latest reminder that China is a (for now) happy holder of some $1.2 trillion in US Treasuries, Chinese credit rating agency Dagong downgraded US sovereign ratings from A- to BBB+ overnight, citing “deficiencies in US political ecology” and tax cuts that “directly reduce the federal government’s sources of debt repayment” weakening the base Read More…
Pretty much every article you read about Bitcoin in the mainstream press ends up in the same place. You may not hear it until the seventh or eighth paragraph, but eventually you’ll be told that the whole thing is nothing more than a modern day “tulip bubble.” The more creative types will also throw around the South Read More…
Pakistan is the latest country to jump on the anti-U.S. dollar bandwagon, Reuters reports. Pakistan is considering a proposal to replace the U.S. dollar with the Chinese yuan for bilateral trade between Pakistan and China. Between 2015 and 2016, bilateral trade between the two countries totaled $13.8 billion. According to Reuters, Pakistan’s Interior Minister, Ahsan Iqbal, Read More…
Yesterday my social media feeds were ablaze with people celebrating the latest new “bombshell” Russiagate revelation, which, as always, turned out to be nothing once the facts rolled in. Less than nothing, in fact, since Trump supporters everywhere are jumping up and down on ABC’s correction of an important part of its breaking coverage of the Flynn plea that Read More…
One senator called out his colleagues for giving the Senate just hours to vote on a nearly 500-page tax bill with illegible hand-scribbled amendments. (TFTP) Both Democrats and Republicans in the Senate came together to pass a massive tax bill early Saturday morning, and one senator called out the hypocrisy on Twitter, noting that he Read More…
Bitcoin $10,000? Already? It seems like just a few months ago that I was writing about the price of one bitcoin surpassing the price of one ounce of gold. Oh wait. I was. “Bitcoin Over Gold: What Does It Mean?” was written in March 2017. Fast forward 8 months and here we are with the Read More…