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...]

Money from Nothing


Traditionally, venture capital firms are the life blood of Silicon Valley-based tech startups; however, one type of technology, cryptocurrency, is flipping that relationship on its head. Simply put, digital currency startups don’t need the cash traditionally supplied by VCs; and now VCs are turning to cryptocurrency startups for a piece of the action. This reversed relationship is due to a phenomenon known as Initial Coin Offerings (ICOs). In an ICO, a cryptocurrency firm offers a percentage of their currency to initial public backers of the project in exchange for other types of digital currency, mainly Bitcoin. Simply put, startup cryptocurrency firms can create their own currency and use mathematical contract algorithms to control the behavior and existence of this currency. [more...]

Tuesday, July 18, 2017

Study Finds 25.5-Percent Dollar Overvaluation Spurs Trade Deficit

The Coalition for a Prosperous America (CPA) released a paper this week with an improved methodology for calculating exchange rate misalignment and its connection to the U.S. trade deficit, stagnation in wages and living standards, and slower economic growth. Michael Stumo discusses an innovative solution to the continuing problem of dollar overvaluation called the Market Access Charge (MAC).

“The U.S. dollar is 25.5 percent overvalued,” said Michael Stumo, CEO of CPA. “This bloated dollar problem amounts to a 25.5 percent export tax which U.S. businesses and workers must overcome to sell our goods and services competitively in global markets. Dollar overvaluation dramatically hampers President Trump’s ability to reduce the trade deficit, create good paying jobs and rebuild the middle class.”


The paper, entitled “The Threat of U.S. Dollar Overvaluation: How to Calculate True Exchange Rate Misalignment & How to Fix It,” reveals that the exchange rates of Japan, Germany, China, and South Korea are significantly undervalued, subsidizing their exports and severely limiting US market access. [more...]