Greece will default to the International Monetary Fund and will be on its own financially beginning Tuesday (SEE: Breaking: Greece will default to IMF on Tuesday). One financial guru believes the European country should just face the inevitable and declare bankruptcy. It would end this entire financial escapade. Jim Rogers, international investor and author of […]
Archives for June 2015
Breaking: Greece will default to IMF on Tuesday
It’s official: Greece will not pay back the 1.5 billion euros it owes to the International Monetary Fund. Instead, it will default to the IMF on Tuesday. A spokesperson for Finance Minister Yanis Varoufakis confirmed to CNN the payment would not be made Tuesday. This makes the island nation the very first developed country to […]
Do you want to ban the United States flag? These people do
In light of many state governments and companies removing themselves from being involved with the Confederate flags because of its association with racism, a lot of people are asking questions: what about the United States flag? Under the U.S. flag, the government has been active in slavery, wars, eugenics, oppression against minorities and so on. […]
Puerto Rico Governor: $72 billion debt ‘is not payable’
“The debt is not payable,” warned Puerto Rico Governor Alejandro García Padilla. Governor Padilla sat down with the New York Times and simply stated that the $72 billion in debts cannot be paid back. “There is no other option. I would love to have an easier option. This is not politics, this is math.” Bankruptcy […]
Video: LearnLiberty explains ‘Everything Has Its Price’
If you ever watched professional wrestling in the early 1990s then you may remember Ted DiBiase, the Million Dollar Man who famous claimed “everybody has a price.” Well, in this case, everything has a price, and that’s a good thing says LearnLiberty, an economics education organization. This video explains how prices are very important in […]