Puerto_Rico_Economy

Puerto Rico’s governor says island cannot pay back $70 billion in debt, is near ‘death spiral’

The governor of Puerto Rico has decided that the island cannot pay back more than $70 billion in debt, setting up an unprecedented financial crisis that could rock the municipal bond market and lead to higher borrowing costs for governments across the United States. Puerto Rico’s move could roil financial markets already dealing with the…

vatican_square

FATCA goes full-retard as Mr. Obama extorts THIS country into compliance

OK this is really getting ridiculous. Despite being the sacred keepers of the Catholic faith and trustees of the meek, the Holy See has just inked a deal with the US government putting the Pope in bed with the Internal Revenue Service. It’s so bizarre you couldn’t possibly make this stuff up anymore. The Vatican…

US Passport

These 19 passports will be a lot more valuable on July 1st

It seems strange that a complete accident of birth has such a massive impact on someone’s life. We don’t get to control where we’re born. It’s a fluke really. Yet as soon as we come into this world a particular nationality is thrust upon us like a birthmark that stays with us for life. Our…

AIIB

It just happened: The moment the United States lost its role

Last week, the government of China closed the enrollment window to join its new Asian Infrastructure Investment Bank (AIIB) as a ‘founding member’. The AIIB, if you haven’t heard of this yet, is designed to essentially displace the Western-controlled IMF and World Bank. And prior to last Tuesday’s deadline, dozens of nations around the world…

ERISA

Three Events That Will Most Likely Wipe Out ALL Your Savings, If You Do Not Take Action Now

2015 – 2018 will be a literal financial hell for the United States. AND… We will not see our nation come out of this till around 2020 – 2025. This is not a some theory, it is a demographic fact based on pure numbers of our current population. What is happening? The largest income and…