With gold dramatically declining between the months of April and June, goldbugs and investors saw a tremendous buying opportunity. This is reflected in a new report from the World Gold Council (WGC), which found that global consumers aggressively cranked up their acquisitions of gold by 53 percent more in the second quarter compared to the […]
Archives for August 2013
Treasury Department says U.S. government ran $98 billion deficit in July
In an official Daily Treasury Statement and Monthly Treasury Statement, the Treasury Department’s Financial Management Service (FMS) said that the United States federal government ran a deficit of $98 billion and increased from the month prior. The FMS stated, however, that the national debt remains exactly at $16,699,396,000.00 for the entire month of July, which […]
Ignoring Obamacare mandate could cost $695 annually per adult in 2016
President Obama’s Affordable Care Act goes into full effect next year, but for many Americans, there is a trend of defiance and not wanting to take part in the healthcare reform initiative. Be ready to dole out money to the federal government, though. According to the Congressional Budget Office (CBO), approximately six million people could […]
Study: U.S. national debt is really $70 trillion
The official United States national debt is defined as nearly $17 trillion, which is a large chunk of change. However, a new study has found that the debt figure is severely underestimated and is actually more than $70 trillion. James Hamilton, an economics professor at the University of California in San Diego, published a research […]
New York Department of Financial Services issues subpoenas to firms associated with Bitcoin
A draft memo reported by the Wall Street Journal on Monday notes that the New York Department of Financial Services, led Benjamin Lawsky, issued a number of subpoenas to about two dozen companies that have been affiliated with Bitcoin. The purpose of the subpoenas will look to garner information on a wide range of matters, […]