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Money

Trump’s Newly-Passed Budget Adds $1-Million Per Minute to National Debt

February 15, 2018 Judge Napolitano 0

Judge Napolitano says that US debt at the end of President Trump’s first term will be $27-TRILLION, because his newly passed budget adds $6-trillion in debt per year, or one-million dollars per minute, above what is collected in taxes. The debt is so high, and the government borrows so much, that 40% of all its present revenue goes to pay for interest on debt for goods and services already consumed. Future generations will be paying for goods and services that were consumed before they were ever born! […]

Money

$20 Billion Hidden in the Swamp: Feds Redact 255,000 Salaries

February 13, 2018 Real Clear Politics 0

The Office of Personnel Management is responsible for hiding information about the salaries of 20% of all federal workers. The data is redacted from public records, so taxpayers cannot find out how much is being paid to high-level bureaucrats. The total is a whopping $20-billion each year. President Trump has the power to put this to an end in a heartbeat by replacing the Director of The Office of Personnel Management, Kathleen McGettigan, a 25-year bureaucrat whose salary is not shown. There is no indication so far that Trump has any interest in changing the status quo. […]

Money

$300-Billion Pork-Barrel Spending Bill Passed by Republicans and Democrats

February 12, 2018 Breitbart 2

US Congress: A two-year $300-billion spending bill was passed with support from Republicans and Democrats alike. It was a classic pork-barrel bill in which influential politicians and corporate lobbyists received funding for their favorite projects – without opposition or discussion. The bill was 652 pages long and passed eighteen-hours after submission. Obviously, no one read the entire bill – only those portions that generated funding for their own purposes. [How much longer can America survive this legalized plunder?] […]

Money

Oregon: Male to Female Transgender Prisoner Receives Transition Aid at Taxpayers’ Expense

February 9, 2018 Gateway Pundit 1

Oregon: Michale Wright, who was convicted of attempted robbery, has supposedly been transitioned enough from male to “female” by hormone treatments that “she” is being moved from the men’s prison to the women’s prison. Oregon’s Department of Corrections granted Wright’s request for hormone treatment after he filed a lawsuit. It is unknown if the state also will pay for his requested orchiectomy to remove his testicles. Oregon’s Corrections Department has 55 transgender or intersex inmates in custody. […]

Money

Coincheck in Tokyo Loses $400-Million in Cryptocurrency Heist

January 30, 2018 Endgadget 0

Japan: A cryptocurrency exchange called Coincheck was hacked on January 25 and lost $534-million in NEM tokens, a lesser-known cryptocurrency. This loss is higher than the Mt. Gox theft of 2014. Coincheck says it will use its own money to reimburse all 260,000 affected users, though it didn’t specify when it will start disbursing funds. […]

Money

Australian Banks Freeze Accounts of Bitcoin Users

January 1, 2018 ZeroHedge 0

The Sydney Morning Herald reported that Bitcoin users across Australia are reporting that their accounts have been abruptly frozen by the country’s “Big Four” banks. Some users complain that the banks are describing their Bitcoin activities as a “security risk”. […]

Money

Did Trump’s Tax Cut Bill Repeal Obamacare?

December 26, 2017 Breitbart 1

The Tax Cuts and Jobs Act repealed the individual mandate portion of the Affordable Care Act that requires people who reject the insurance to pay a penalty of $695 or 2.5% of their income. However, Obamacare is still in effect and requires employers with businesses with 50 or more full-time employees to pay for their full-time employees health insurance, regardless of the cost. This is forcing many employers to reduce the number of full-time employees or go out of business altogether. […]

Money

Litecoin Founder Cashes Out, Sells Entire Stake After 9,300% Rally

December 21, 2017 ZeroHedge 0

Charlie Lee, the creator of the world’s fifth-biggest cryptocurrency, Litecoin, announced that he was cashing in his profits after a 9,300% rally in the past 12 months. The San Francisco-based software engineer who founded Litecoin in 2013 said he sold and donated all of his holdings over the past few days. He declined to say how many Litecoins he sold, but said it was a small amount of what is traded daily, so it did not hurt the currency. […]

Money

A Beginner’s Guide to Bitcoin and Blockchain

December 18, 2017 JW Williams 1

Find out what the blockchain is, why the price of Bitcoin has exploded, how to buy and store Bitcoin, and how the banks are maneuvering to dominate the system. This is not a recommendation to buy Bitcoin, but a guide for what to expect should you decide to do so. We believe that lots of money will be made and lost in the early stages of cryptocurrency. The more you know about it, the better your chances are for success. […]