Did you know that the Chinese government runs a space observation station in rural Argentina? Probably not, not many people do. It supposedly was instrumental in helping the Chinese land a probe on the dark side of the moon. But its very existence, and the fact that the Argentine government has virtually no oversight over […]
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To many in the cryptocurrency world the announcements surrounding the Venezuelan government’s petro cryptocurrency token were almost taken as a joke. With few details ever published about the cryptocurrency’s basis, how it would work, or how sales would be made, no one expected the petro to ever get off the ground. That didn’t dissuade the […]
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It’s no secret that central banks hate gold. If they could press a button and destroy every last grain of gold that has ever been produced, they would do it. Gold has always been the ultimate restraint on the ability of governments and central banks to create money out of thin air ad infinitum. Even […]
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The detention of Huawei CFO Meng Wanzhou in Canada at the behest of US authorities led to a great deal of anger on the part of Chinese authorities. The immediate retaliation to Meng’s arrest was the detention by Chinese authorities of Canadian diplomat Michael Kovrig, who was on a leave of absence from the Canadian […]
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In an act of amazing cowardice, the Federal Reserve System is allowing itself to be cowed by markets. Fearful of being blamed for the coming stock market crash and economic slowdown, the Fed has announced that it is no longer committed to reducing its balance sheet to more normal levels. A normal balance sheet would […]
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Gold has served as a safe haven asset for centuries. Investors continue to flock to it in times of economic uncertainty such as today. And it’s no surprise that the most popular coins for investors are those produced by some of the world’s largest gold producers, such as the United States, South Africa, and Canada. […]
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Recent news reports are full of mentions of tax plans such as that offered by freshman Congressman Alexandria Ocasio-Cortez, who supports marginal tax rates of 70% on ultra-high income earners. According to Ocasio-Cortez, an economy that allows billionaires to coexist with those just scraping by to make ends meet is “immoral.” But what Ocasio-Cortez, Elizabeth […]
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While the government shutdown may now be over, its effects will likely still linger for a while. But one thing the shutdown really brought to the fore is the fact that many American households will be unprepared for the next recession. We found out that many government employees weren’t prepared for missing even a single […]
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