Friday , 29 March 2024

Banking

QE4 Would Be Unconscionable. It Must Not Happen. Here’s Why

The financial industry & financial news networks have been discussing whether or not the government should be getting involved with more quantitative easing (QE4) in order to slow down or try to prevent the fall in the markets. This idea is unconscionable to us and it absolutely cannot happen. Here's why.

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Europe Introduced Bank “Bail-In” System Jan.1st – Can the U.S. Be Far Behind? (+2K Views)

On January 1st, 2016, a new bail-in system will go into effect for all European banks which means that, if you have more than 100,000 euros in a European bank right now, you are potentially on the hook should that bank go under. In the U.S. the Federal Reserve recently adopted a new rule that limits its ability to lend emergency money to banks. Is that the first step to European style bank "bail-in" legislation being enacted in America?

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Americans Abroad: The Ugly Facts of FACTA

In 2011, the IRS introduced the Foreign Account Compliance Act, or FACTA to “minimize tax cheats” but in doing so FACTA is making banking - and life in general- painfully difficult for millions of American expats. The affects of FACTA are illustrated in the following infographic.

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Piling On Debt Has Destroyed the “American Dream” – Here’s Why

The American Dream--characterized by plentiful jobs offering living wages, security and opportunities to get ahead--is over....Piling on debt is not a solution; it's simply a politically expedient method to forestall the crisis, while guaranteeing the eventual repricing will be even more severe because the debt load is then so much larger. If you think otherwise, I strongly recommend that you reduce your dosage of Delusionol.

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“Hot Money” Growing at 6.5% Annually – Here are the Culprits

Every year, roughly $1 trillion in "hot money" flows illegally out of developing and emerging economies due to crime, corruption, and tax evasion growing at an average rate of 6.5% annually (and at an 8.6% clip in Asia). China, Russia, Mexico and India lead the way as depicted in the following infographic.

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