Since South Carolina announced that it was taking down the Confederate flag from public spaces because of the devastating shooting in Charleston, an array of companies reacted by confirming they’re also removing Confederate products from their inventories. But here’s a question: why aren’t they also removing Nazi memorabilia, too? A simple search on Amazon will […]
Archives for June 2015
Forget the Hamilton-$10 idea! Let’s abolish fiat currency altogether
Last week, United States Treasury Secretary Jack Lew announced his intentions to replace Alexander Hamilton’s face on the $10 bill with a woman. This is in response to the initiative to kick out Andrew Jackson from the $20 bill and substitute him with a prominent female. Hamilton was a big government founder so it isn’t […]
Warren Buffett: Derivatives are ‘weapons of mass destruction’
Despite the term derivative being thrown around a lot on mainstream media outlets and on alternative news websites, most people are really unaware of its meaning. For something that is worth a quadrillion dollars, everyone should know what it is. Simply put: a derivative is something that is valued based on another asset; it derives […]
Should government bail out banks? (video)
“The problem was not that banks had been too free but that they had grown too dependent on government.” That’s the latest message from Prager University in a video discussing the question: should governments bail out banks? It’s a very interesting video that everyone should pass around, particularly to those who think the financial meltdown […]
How to calculate your personal burn rate
When we hear the term burn rate, we usually think about it in the business sense. In the private sector, burn rate refers to the amount of cash a start-up spends each month, an important metric to calculate for any small company. But about what your personal burn rate? This is something we should look […]