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The world’s $86 trillion economy visualized in one chart

August 30th, 2019 at 12:59 pm » Comments Off

The world’s GDP still grew a healthy 6.9% in 2018, up from $80.2 trillion in 2017 to $85.8 trillion. Nearly half of this growth came from the world’s two largest economies: the United States, at $20.5 trillion (up 5.4% from 2017), and China, at $13.6 trillion (up 10%). However, fear of a global recession are […]



IRS says it’s sending warning letter to US cryptocurrency owners

August 10th, 2019 at 1:20 am » Comments Off

The U.S. Internal Revenue Service (IRS) announced Friday that it has begun sending letters to taxpayers who own cryptocurrency, advising them to pay any back taxes they may owe or to file amended tax returns regarding their holdings. In a news bulletin, the agency said that it began mailing what it called “educational letters” last […]



How Crypto could bring tax evasion to the masses

August 2nd, 2019 at 9:41 am » Comments Off

Loopholes in lending laws are allowing cryptocurrency users to escape taxes — and the government can’t keep up WWealthy families and merchants first conjured up the idea of offshore banking in 19th century Europe, seeking a place to store funds away from tax-hungry governments in the aftermath of the Napoleonic wars. Since then, it’s been […]



The writing on the wall: America’s retirement crisis by the numbers

July 28th, 2019 at 2:00 am » Comments Off

Thousands of Americans are at risk of going broke in retirement, and it’s only going to get worse. These days, overwhelming student loan debt and the uncertain future of Social Security’s solvency garner most of the attention, but there’s another equally severe financial crisis looming on the horizon for millions of Americans. Thousands of people […]



New ECB boss Christine Lagarde issued a serious bitcoin warning

July 20th, 2019 at 12:42 pm » Comments Off

  Bitcoin and other crypto-assets have long divided traditional economists and bankers with some warning over their instability and others praising their ingenuity. The bitcoin price rebound so far this year has caused some to change sides, though many continue to warn bitcoin and other cryptocurrencies will be a mere flash in the pan. Earlier […]



1 in 4 Americans have no plans to retire

July 20th, 2019 at 12:38 pm » Comments Off

CHICAGO — Nearly one-quarter of Americans say they never plan to retire, according to a poll that suggests a disconnection between individuals’ retirement plans and the realities of aging in the workforce. Experts say illness, injury, layoffs and caregiving responsibilities often force older workers to leave their jobs sooner than they’d like. According to the […]



What you need to earn to be in the to 1%

July 19th, 2019 at 8:41 am » Comments Off

  Hint: Try aiming for the top 10% instead. Or maybe move to New Mexico. When you think of the 1%, you probably think of people banking millions of dollars per year, traveling from vacation home to vacation home on their private jets, and spending tens of thousands without thought or care. Those people certainly […]



Nearly 80 percent of employees would prefer one of these 3 things to a pay raise

July 19th, 2019 at 8:36 am » Comments Off

  It’s not always about the money, money, money. Money can’t buy you love, but it can buy a lot of important things. Which is why it’s interesting that a recent Employment Confidence Survey by Glassdoor named some of the other things that employees would actually rather have over a pay raise. Yes, we’re talking […]



Consumer groups call for a moratorium on Libra until ‘profound questions’ are answered

July 16th, 2019 at 12:06 pm » Comments Off

Some 33 consumer and public-policy groups sent a letter Tuesday to five Congressional committees and federal regulators asking for a moratorium on the Facebook Inc.-backed Libra cryptocurrency. “We call on Congress and regulators to impose a moratorium on Facebook’s Libra and related plans until the profound questions raised by the proposal are addressed,” says the […]



India going cashless could be a model for the world

July 15th, 2019 at 11:57 am » Comments Off

India aims to curb cash – but this time it wants to do it properly. A cashless society wasn’t the original goal of the country’s draconian currency ban in November 2016. But when an acute shortage of banknotes gave a fillip to digital wallets, that purpose was added as an afterthought to justify an act […]



3 powerful ways crypto is completely going to transform our lives

July 10th, 2019 at 11:14 am » Comments Off

You won’t believe it till you transact it Its time to cut the crap. Humanity is on its way to decentralization. The choice is yours to become antiquity in the museum of fiat corruption, or a fast crypto Lamborghini fueled by blockchain on its way to peer to peer financial empowerment. Lets no longer deny […]



Exactly how much it will cost you to retire well in every state in America

July 10th, 2019 at 11:10 am » Comments Off

  A comfortable retirement doesn’t come cheap. While you may hear stories of people retiring on as little as $2,000 a month, the reality for most of us is likely to be much different. Indeed, according to data from the Bureau of Labor Statistics, the average over-65 household will spend nearly $50,000 a year. The […]



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