New book release: Study Abroad Map
With holidays, and the start of the new year, I didn’t get a chance to announce my latest book, Study Abroad Map: The complete student guide to college beyond the USA. It’s really the fourth edition of Study Abroad 101, with a makeover that includes my new-founded investing knowledge. I…
How negative interest rates will destroy the U.S. dollar
What a year! As you have probably heard, the Fed is pumping billions into the repo market weekly to keep the banking system from freezing up and malfunctioning. National debt is increasing at a rate of 80 billion a month. Fed chairman Jerome Powell has lowered interest rates and assured…
Something to know about U.S. Treasuries
My jaw dropped when I heard this story. A friend of mine was in his early career on Wall Street; he was a trainee under a man by the name of Kevin, the Managing Director of the Govt Bond Trading Desk. Interest rates had just reached 15% on the 30…
The Biggest Company in the World
The biggest company in the whole wide world started off as a custodial business for physical gold and silver. People entrusted the company with their physical gold and silver in exchange for paper IOUs which they could use to barter for goods and services. In 1944, the company held more…