If someone slipped you a counterfeit bill, would you be able to identify it? Although the government constantly adds new security features to United States currency, counterfeiting continues to increase. The Secret Service, which is responsible for safeguarding the nation’s currency and payments system, has admitted that counterfeiting remains a threat to the nation’s economy […]
Twitter Threatened by Oceans of Messages
February 11, 2014 Leave a Comment
Is Twitter really worth $20 billion dollars? The stock price got crushed last week when the company announced that growth in the number of “tweets” continued the downward spiral that has been in place since 2009. It’s not likely that investors will tolerate slow organic growth for a company with zero profits and a price […]
Super Bowl Fuels Huge Demand for Whores and Coke
January 30, 2014 Leave a Comment
The Super Bowl generates a considerable amount of economic benefits to a wide variety of businesses including hotels, restaurants, and food and souvenir vendors. Although it does not receive a lot of press notice, the Super Bowl also supercharges demand for less conventional needs of the party crowds attending the Super Bowl such as whores […]
Can Long Term Interest Rates Drop Any Lower?
January 8, 2014 Leave a Comment
By: Axel Merk and Yuan Fang, Merk Investments The concern over rising interest rates has become a primary issue with investors. While few assets are immuneto rising rates the bond market may be particularly vulnerable. The headwinds may be exacerbated by changing fundamentals in the U.S. bond market, specifically growing concentration, extended duration and changing […]
Leave VISA Card at Home When Visiting Singapore
December 18, 2013 Leave a Comment
If you need a taxi in Singapore and only have a VISA card, plan on walking to your destination. Effective July 15, 2013 VISA has rescinded authorization for all major taxi cab companies to accept the VISA card when paying for a taxi ride in Singapore. The reason behind VISA’s move was due to the […]
Household Net Worth Hits All Time High Yet 59% of Seniors Have Zero Retirement Assets
September 25, 2013 Leave a Comment
According to the latest data from the Federal Reserve, most Americans should be feeling wealthier as household net worth soared to an all time high of $74.82 trillion. This is a huge improvement from levels reached during the height of the financial crisis when household net worth plunged by almost 20% or $12 billion as […]
Obama – The Man Who Would Be King
September 19, 2013 1 Comment
Never one for shirking from publicity, Newt Gingrich today compared Barack Omaba’s take no prisoners negotiating style to that of a king. In an interview with the Washington Post, Gingrich said that Obama’s refusal to negotiate with Congress on a budget deal was “almost unconstitutional” and his behavior was more like a king than a […]
Does Living At Home At Age 25 Make Me A Loser?
August 28, 2013 Leave a Comment
The economic collapse of 2008 that put the world financial system on the precipice of collapse has produced fundamental changes in people’s attitudes, financial habits and living style. One trend that existed even before the financial crisis and then accelerated since 2008 is the number of young adults living with their parents. The tradition of […]
One Speeding Ticket Would Send 25% of Americans To Bankruptcy Court
July 27, 2013 Leave a Comment
Besides high unemployment, declining wages and a constantly increasing cost of living, Americans now face another menace that could send them directly to bankruptcy court. According to Yahoo News, the five most egregious states for issuing insanely high speeding tickets are Georgia, Illinois, North Carolina, Nevada and New Hampshire. These five states all hold drivers […]
Are You Rich? – Only 12 Million Extremely Elite People On Planet Earth Are Millionaires
June 26, 2013 Leave a Comment
Any one with more than $1 million of assets (not counting equity in a primary residence) belongs to an extremely elite group of individuals. According to the Economist, there are 12 million “high-net-worth individuals” on planet Earth, an increase of one million since 2011. The combined wealth of this small group of people weighs in […]