Tuesday, November 7, 2017

Taxing America’s Future


The American Dream is being undermined by government policies. “The sweeping tax overhaul House Republicans introduced [November 2] would eliminate or scale back some of the biggest incentives for home-buying in federal law,” wrote Russell Berman in The Atlantic. This would, he said, cut in half the limit on deducting mortgage interest, cap property tax deductibility, repeal the tax deduction for moving expenses, and force more people to pay taxes on profits made from selling a home. 

The low-earning Millennial Generation has already postponed buying their first home, which has postponed marriages and couples starting a family, which has in turn helped spawn the lowest fertility rate in American history. Higher taxes, in other words, have unintended consequences. In this case, raising taxes on home ownership could mean far fewer children in this generation – and far fewer future workers to pay for Social Security and Medicare that are already speeding toward bankruptcy. [more...]

U.S. Economy Continues to Grow


The U.S. economy grew 3.1% during the third quarter of 2017. This was higher than expected after several states were damaged by hurricanes Irma and Harvey. Many analysts believed that there would be a sharp slowdown in our economic growth following the devastating results of this year’s hurricane season. However, spending held steady, even though home building investment dropped. Consumer spending had a 2.3% growth, added with the increased growth of exports; business investments in equipment and intellectual property kept the GDP growth rate at 3%. This was despite the fall of construction spending, mainly due to the effects of the hurricanes this year. [more...]

Tuesday, September 12, 2017

The Financial Toll of Two Major Hurricanes


Within the span of 2 weeks, U.S. shores have been hit by 2 major hurricanes. Harvey which hit Texas and Southwest Louisiana in late August, and Irma making its way through the Florida coast. With the devastation left in their path, the question now is what is the financial toll on the U.S. after 2 major disasters? The toll for Harvey’s destruction is estimated to be anywhere between $70 and $90 billion, with only $35 billion protected by insurance, by RMS a disaster modeling firm. Analysts have predicted that Irma’s financial toll can reach up to $172 billion in the U.S. alone. Countries in the Caribbean are expected to see cost of up to $65 million from Irma alone. [more...]

The Equifax Storm


Equifax, the Atlanta-based company – one of America’s three giant credit reporting agencies – announced this September that hackers had penetrated its computers and stole data for at least 10 weeks before being detected on July 29. What these hackers stole, Equifax reported, were the names, birth dates, Social Security numbers, and other data of 143 million “customers” – nearly half the U.S. population. (“Customers” is in quotes because you likely never asked or agreed to be an Equifax customer, and you have no ability under current law to make them stop gathering personal financial data about you.) This attack struck 143 million Americans (most of whom have not yet felt it) and could put our nation underwater for years to come – perhaps even drown our personal and national economy and prosperity. [more...]

Tuesday, September 5, 2017

Should the Trump Administration Pull Out from South Korea Trade Deal?


The Trump administration is considering withdrawing from KORUS (the South Korea-U.S. free trade agreement). The data supports pulling out, but globalists - who support economic growth in other countries but support only Wall Street and Silicon Valley growth here - are freaking out. The case for pulling out of KORUS is stronger than the case for pulling out of NAFTA. First, Korea is a recidivist currency manipulator. It’s currency, the won, remained 14.4% undervalued in May, making Korean goods and services cheaper than they would be with a fairly-priced won. Mexico’s currency, in contrast, is not undervalued. Second, America's trade performance under the KORUS agreement is the worst among all U.S. trade deals. [more...]

Tuesday, August 8, 2017

Are You Prepared for an “Economic Eclipse”?

Are You Prepared for an “Economic Eclipse”?

Notwithstanding the coming solar eclipse... as noted in Craig R. Smith’s new free study of recent economic cycles, Crisis Timeline, our lives are influenced by more than the cycles of day and night, and of summer and winter. Scientists and analysts have discovered many such cycles that invisibly shape our world, from climate change, to the rise and fall of economic markets. To see the future, look for the cycles. Those unaware of such forces can be fooled, and taken advantage of, by those who are aware. Several of the most powerful economic cycles are about to converge, each at a low point. [more...]

Monday, July 24, 2017

Credit, Cash & the Coming Crash


Globalists are eager to impose a “cashless” society where everything is credit and debt, where values are easily manipulated, and where all financial transactions are monitored and taxed by government. This is why they are squeezing you out of cash and into credit. This is why they do not want you to convert any of your paper dollars into a form of money they cannot control or devalue, such as gold. And if the globalists get their way, an American economic and social crash is inevitable. Your credit will disappear instantly. What will you do then, without hard money? Neither a plastic card nor a worthless green piece of paper will save you on that discredited day. You can prepare now, or be helpless then. [more...]