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The Asian Infrastructure Investment Bank (AIIB), set up with the sole Chinese intention of rivaling the World Bank and the Asian Development Bank, has held its official signing ceremony. Opposed strongly by the U.S. and Japan, the AIIB held the official ceremony that witnessed the signing of articles regarding members’ shares and the bank’s initial […]

The third (and presumably last) estimate of U.S. economic growth by the Bureau of Economic Analysis (BEA), released on Wednesday, for first quarter (Q1) 2015, showed a significant hit from current trade deficits. Nearly 2 full percentage points had to be factored into the revised Q1 rate of -0.2%, meaning the economy actually contracted when […]

New banking regulations are setting up the financial industry for bank bail-ins and massive depositor losses. The only way to protect your money could be to get it in hand and preferably out of assets tied to the U.S. dollar or any of the world’s 180 fiat currencies.   Most Americans are still fuming over […]

The “2015 Long-Term Budget Outlook”, as published this month by the Congressional Budget Office (CBO), has reported that deficits (publicly-held federal debts) have not been higher since World War II. Currently, they are equal to 74% of our Gross Domestic Product (GDP). That, unfortunately, is not the end of the story. The CBO predicts this […]

The Department of Labor has reported that the rate of inflation within the U.S. rose by 0.4% in May; this was, in most part, pushed upwards by the steep increase in the price of gas. Gas rose by 10.4% – the largest increase since June of 2009. According to the Consumer Price Index Summary, the […]

China has, in recent weeks, been pushing for its currency, the yuan (or renminbi – the people’s currency) to become one of the world’s reserve currencies. The International Monetary Fund (IMF) has been visiting the country this week to ascertain whether the yuan is viable to be added to the currency basket – a group […]

In the latest fiasco involving Obamacare, nearly $3 billion of payments were made to either the wrong people, or in the wrong amounts. A recent Department of Health & Human Services (DHHS) Inspector General (IG) report has concluded that “the internal control deficiencies that we identified limited (the Centers for Medicare and Medicaid Services) CMS’s […]

Remember the line from the Bruce Willis movie, “The Sixth Sense”, where young Cole Sear says, “I see dead people”? Well, apparently, so does the U.S. federal government. In 2011, Medicaid payments were made to around 200 deceased individuals in 4 separate states, worth $9.6 million in total. According to a Government Accountability Office (GAO) […]

Following the bankruptcy and, therefore, closure of Corinthian Colleges, one of the U.S.’s largest for-profit educational institutions, 78,000 students are now without their higher education and the government is facing a possible bill for $200 million to cover the student loans in place. As it was the government’s decision to enforce bankruptcy proceedings against Corinthian, […]

It is predicted that the Spring 2015 Regulatory Agenda, the Administration’s biannual list of proposed new government regulations, will cost U.S. citizens over $110 billion, according to the American Action Forum. Approximately 2,300 pieces of legislation are featured, many of them concerned with “greenhouse emissions.” In particular, the National Ozone Standard, proposed by the Environmental […]