News Story of the Day: peak Subway? That’s what it looks like. At the end of 2016, Subway announced that it had shut down 359 locations across the United States, its first contraction in more than five decades. Well, it looks like the fast-food chain will end 2017 with another contraction. Subway confirmed that it […]
Archives for December 2017
REMINDER: The decline of the U.S. dollar since 1913
The U.S. dollar is trading at pre-election lows, the world is beginning to shun the greenback, and President Donald Trump is advocating a reversal of the 20-plus-year strong dollar policy. But has the U.S. dollar really been a strong currency? It has been a gradual descent for the last 100 years. Since the inception of […]
WATCH: Ron Paul talks Trump selling lethal arms to Ukraine
This is just another example as to why Candidate Donald Trump was better than President Donald Trump: Ukraine. Throughout the 2016 election campaign, Trump was not as adamant as those on CNN or in The New York Times to condemn Russia for the tensions in Ukraine. The country experienced a U.S.-led coup d’etat, the European […]
Pakistan wants to dump U.S. dollar, trade in yuan with China
The war on the U.S. dollar continues as yet another country is looking to veer away from the greenback and into another currency. According to the Economic Times, citing the Minister for Planning and Development Ahsan Iqbal, Pakistan is mulling over a proposal to replace the U.S. dollar with the Chinese yuan for bilateral trade […]
DEJA VU: U.S. personal savings rate plunges to pre-recession low of 2.9%
It’s deja vu all over again. Prior to the economic collapse a few years ago, Americans splurged on everything and saved nothing. A decade later, it seems like Americans have not learned from their past mistakes. With Christmas in the rear-view mirror, you are probably terrified of opening up your credit card statement in the […]