finance
Money talks; reviewing the global economy, government spending, taxes, and economic policy that affect our social and political future.
Let’s Face It. We Need The “$2,000/month” Money For The People Act.
Some days ago, Rep. Ro Khanna and Rep. Tim Ryan, two Democrats in the House of Representatives, proposed the emergency money for the people act that helps fix the problems that were present in the CARES act. The problem with the cares act is that it excluded a lot of people. It prohibited undocumented immigrants and excluded college students and a few other types of workers who desperately need money because they were unable to work due to the shutdown. To add on to that, are some people who can not get approval for unemployment in their state, like Undocumented or part-time workers. Some workers are only eligible for the $600 in the care act and not the additional state benefits. Such a bill like this would help patch specific flaws in the original proposal. It also has options for the un-banked with the opportunities to send money to Venmo accounts, Cash app accounts, and Paypal accounts for those who don’t have traditional or even more modern fintech bank accounts.
By C.R. Pattison6 years ago in The Swamp
How the Nordic countries are reinventing finance
The past few decades have seen a massive transformation of almost every industry. The change has primarily been driven by global technological advancement. Almost every sector is now being digitalized in an attempt to meet the needs of modern society. However, the financial industry is a frontrunner in almost every country in terms of the digitalization rate.
By Giorgi Mikhelidze6 years ago in The Swamp
Your Money Is Worthless
Did you know that 30% of Americans still believe to this day that the U.S. dollar is backed by gold? Let me tell you what money used to be, what it is now and find out why that 100$ bill in your pocket is actually (almost) worthless.
By Dr. Arthur Kroisel6 years ago in The Swamp
10 Market Warning Indicators The Media Won't Tell YOU
As markets continue to bounce like a fish on the dock by greater than 10% up or down, I wanted to offer readers a chance to pause for a reality check on the immense risks ahead which face our markets--and hence our lives.
By matt piepenburg6 years ago in The Swamp
The Possibility of Hyperinflation is Rising in the United States
In the past weeks, the Federal Reserve has injected trillions of dollars into the market and lowered the interest rates to almost zero. With the government also stating that it will begin to send out free money to its citizens, we need to ask ourselves the question if hyperinflation — as seen in countries like Germany after WWI or in Venezuela in recent years — is starting to become a possibility in the United States as well.
By Dr. Arthur Kroisel6 years ago in The Swamp
A Better Economy
I never went to business school, so I pretty much know nothing about economics nor do I have any love for being part of a system that would rather find new ways to create poverty than combat it. My mathematical skills also suck royal (I failed basic math three times).
By Johann Hollar6 years ago in The Swamp
The Future of Global Market Uncertain Due to Coronavirus Impact
Now, seeing as how we live in a hyper-connected world, it might be quite logical to assume that this will impact the global market. After all, every crisis affects it in one way or another, however, there are some market occurrences that we’re just starting to feel, yet, which might greatly impact our lives in days and years to come. All in all, here’s what we know today about the uncertainty of the future of the global market, due to the impacts of coronavirus.
By Nick Brown6 years ago in The Swamp
The economic impact of the pandemic in Latin America
Very difficult times that each of the countries of the world has to face with the growing and violent impact of the global pandemic that plagues every corner of the world. The economy of the world's major powers has collapsed. Countries such as the United States, China, France, Spain, Italy and Germany have been plunged into a deep economic crisis, mainly guided by the mandatory closure of many companies belonging to the industrial and commercial sector.
By José Ricardo6 years ago in The Swamp
Should We Provide Emergency Universal Basic Income to Everyone or Just Those Who Need It?
What’s happened in just the past few days with mind-boggling speed is the near certainty now that in the very near future, the United States is going to start cutting checks for some as yet undefined value and sending them to an as yet undefined population. As an advocate for a universal basic income since 2013, I applaud this growing "cash bailout of the people" consensus, however I would like to emphasize that what matters most right now as with UBI in general, is the unconditionality/universality of the payment. In other words, the checks really need to go to everyone, excluding no one, and where that may seem wasteful or unnecessary, let me explain why it should be part of any bill that gets enacted into law for emergency UBI or permanent UBI.
By Scott Santens6 years ago in The Swamp
