Jim Rogers, Chairman of Rogers Holdings and author of “Hot Commodities,” recently spoke with PeakProsperity.com in an in-depth podcast interview Saturday regarding inflation, the United States dollar, precious metals and the saving class. Rogers noted that there is growing uncertainty in the global economy due to the reckless policies of central banks across the globe. […]
Archives for March 2013
Defending the Undefendable: Ticket scalping
John Stossel, a libertarian host on the Fox Business Network (FBN), highlighted the issue of ticket scalping, which a large number of people oppose and some politicians are looking to ban the practice through legislation. In the interview with an economist, Stossel mentioned the Walter Block book titled “Defending the Undefendable.” Here’s a question: why […]
Oldest Swiss bank forced to shut down because of prosecution by U.S. government
Bank Wegelin, Switzerland’s oldest bank, has had to shut down because of criminal sentencing by the U.S. government for aiding U.S. citizens in tax evasion. The 272 year old bank thought they were in the clear since they did not have any branches outside of Switzerland but they found out the hard way how aggressive […]
Satirical website claims Paul Krugman is bankrupt after stimulating his finances
Keynesian Economist and New York Times columnist Paul Krugman, who may in fact be intellectually bankrupt, is bankrupt, but not really. The Daily Currant posted a satirical piece that reported Krugman had filed for bankruptcy and owed $7.35 million. “Rather than tighten his belt and pay the sums back, the pseudo-Keynesian economist decided to ‘stimulate’ his […]
Top wealthiest 10% pay majority of federal income taxes in U.S.
Make the rich pay their fair share? For Democrats, liberals and Occupy protesters, it may be surprising to find out that the wealthiest 10 percent of Americans already pay more than 70 percent of federal income taxes in the United States, according to the Tax Foundation. The numbers suggest their tax burden continues to rise. […]