Why does socialism typically lead to a currency crisis? For the third time in 13 years, the socialist government of Venezuela initiated a currency redenomination. Beginning in August, the central bank will remove six zeros from the bolivar. This is part of the government’s efforts to “simplify daily transactions that hardly fit on a calculator […]
Money
Is America’s Coal Country coming back to life?
By: Andrew Moran Have rumors of coal’s death been greatly exaggerated? For years, it had been reported that Coal Country was on the brink of devastation as markets worldwide, including China, had been transitioning from the energy material and into greener alternatives, like natural gas and renewables. However, in the post-pandemic economy, it might be a matter […]
U.K. banks world’s largest cryptocurrency exchange Binance
A growing number of governments are beginning to clamp down on the cryptocurrency market. Binance, the world’s largest crypto exchange, was banned by the United Kingdom’s Financial Conduct Authority (FCA). The nation’s chief financial regulator stated that the company “is not permitted to undertake any regulated activity in the U.K.” Beginning on Wednesday, Binance must […]
BIDENOMICS: Consumer spending stagnates, inflation climbs higher
Consumer spending stagnates and inflation strengthens. This is life in the United States economy? According to the Bureau of Economic Analysis (BEA), personal spending was flat at zero percent in May, falling short of the market forecast of 0.4 percent. This is down from the 0.9 percent gain in April. It is clear that consumers […]
WATCH: An inside look at America’s coming Baby Bonds program
Is a new baby boom coming to America? The U.S. government is about to embark upon a new entitlement program called Baby Bonds. The objective of the program is to get every child a $1,000 savings account, in addition to the child benefit under President Joe Biden’s $1.9 trillion spending scheme. How will this work […]