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In case you missed it, yesterday we alerted you that the United States government has now officially accumulated $19 trillion in debt. This time it took them just 427 days of printing to pile on this last trillion dollars, compared to the over 75,000 days it took to rack up
On October 22, 1981, the national debt in the United States of America hit $1 trillion for the first time in history. It had taken the US federal government over two centuries to reach that mark. And in that period, America had won its independence and built a nation from
It’s been nearly a dozen years now that I’ve been living abroad as an expat. In that period I’ve lived in at least half a dozen countries and traveled to more than 100 on all seven continents. People often ask me questions like when am I going ‘back home’, as
Let’s take a moment to compare the world today to before the Global Financial Crisis struck roughly eight years ago. In this short period of time, US federal government debt has DOUBLED. The Federal Reserve now holds $2.4 trillion of that debt, up from $479 billion. Interest rates, which were
On August 24 in the year 79 AD, one of the most famous natural disasters in history struck the Ancient Roman city of Pompeii, and its surrounding area. We have an eye-witness account from Gaius Plinius Caecilius Secundus, whose letter to Roman historian Tacitus vividly describes how the eruption of
In 2014, the Journal of Neuroscience published the results of a unique study that probed deep into human emotion. Two Dutch scientists had conducted an experiment in which they exposed test subjects to a wide range of scenarios to evoke some of the most primal human emotions– joy, anger, etc.
Chances are you’ve never heard of William White. You might have heard of the organization that he used to manage—the Bank of International Settlements (BIS). The BIS is often called the central bank of central banks; their role is essentially to facilitate international financial transactions among the world’s central banks.
If you believe the official propaganda, no other nation in the history of the world has advanced the cause of humanity more than North Korea. According to the North Korean Ministry of Truth, their great nation has cured cancer, ebola, AIDS, SARS, MERS, and much more. Now they’re saving the
Julius Caesar was kind of a deadbeat. The guy was in debt up to his eyeballs, and had borrowed so much money to finance his rise to power that he threatened to skip town forever if he lost an election. Back in Caesar’s day, interest rates in Rome were about
As a kid I remember hearing it all the time. It was an idea that was drilled into my head over and over again. It was in movies and legal dramas. You could see it in the newspapers. We learned about it in textbooks. “In America,” people would say, “you
[Editor’s note: Tim Price, London-based wealth manager, is filling in for Simon today.] In a crisis, it helps to have good counsel. Consider the following sage advice from investment strategist Mike Tyson: “Everyone has a plan ‘til they get punched in the mouth.” Or as German military strategist Helmuth von
Eight centuries ago as Marco Polo traveled across the vast dominion of the Mongolian Empire, he encountered what few westerners had ever seen. One of those astonishing experiences was how the Mongols happily and willingly used paper currency. Marco Polo was so intrigued by this that he devoted an entire
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