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For decades, Argentina has been a cautionary tale Once upon a time, Argentina was one of the richest countries in the world “Rich as an Argentine” was once a common phrase But in the latter...
If there’s anything that typifies the excesses of our modern society, it’s the amount of debt that exists Wherever you look, debt levels continue to increase and hit record levels Debt isn’t...
The US dollar has been the world’s reserve currency for close to 80 years now The American population has become used to the dollar being in demand around the world, as have US...
While legal codes govern modern life today more so than in centuries past, they’re not the only sets of rules in our legal system Case law, or precedent, is just as important Precedent isn’t...
For years the national debt has been rising steadily upward But every time someone tries to warn about the unsustainable nature of that rise, the media steps in to tell us not to worry “We owe...
After Hamas’ attack on Israel, tensions in the Middle East have been rising The United States has, not surprisingly, given a significant amount of support to Israel And now the Biden administration...
Debt is a lot like fire in that it can be a useful servant but a cruel master For most people, debt is an unavoidable part of our reality While many people can afford to pay cash for a car, most of...
With the past few years having been so turbulent, there was hope that 2023 would bring a return to normalcy After COVID, a disputed election, a Russian invasion of Ukraine, and a year that saw both...
Last week rating agency Fitch downgraded the US government’s debt rating from AAA to AA+ It was an unexpected move, and caused ripples in the market But markets seem to have shrugged off the move...
Before Congress raised the debt ceiling, we were told that failure to do so would harm the US economy and US markets We were told that the debt ceiling had to be raised, otherwise all manner of...
At the beginning of the 20th century, Argentina was one of the world’s ten richest countries The country was so wealthy that “rich as an Argentine” became a common expression But over the...
Things appear to be coming down to the wire in the latest debt ceiling negotiations, as the US government may be within weeks of running out of options for avoiding default Now both sides are...
