Wealth: Where the Rich Park their Money
by Dyfed Loesche, Switzerland still is the prime destination for offshore wealth worldwide. According to the Boston Consulting Group, foreign private capital reached 2.3 trillion dollars in 2017. However, More...
Running out of money linked to fear of death
Roughly 52 percent of American households will not have enough retirement income to maintain their standard of living if they retire at 65. The reason? People are afraid of thinking about their own death, More...
Does Europe Support Denmark’s Law On Migrant Assets?
Last week, the Danish parliament backed a controversial law to confiscate asylum seekers’ valuables in order to pay for their upkeep. Under the new legislation, police will be able to seize More...
The Worlds Favorite New Tax Haven Is the United States, Bloomberg
Last September, at a law firm overlooking San Francisco Bay, Andrew Penney, a managing director at Rothschild & Co., gave a talk on how the world’s wealthy elite can avoid paying taxes. His More...
The Gender Pay Gap In Developed Nations Visualised
Women still earn less money than men in most developed countries around the world. The gender pay gap is measured as the difference between male and female earnings as a percentage of male earnings. It More...
Lawsuit Aims to Remove ‘In God We Trust’ From US Currency, Saying It’s ‘Unconstitutional’
The phrase is one of several prominently featured on currency. Sacramento attorney Michael Newdow filed the lawsuit (pdf) on January 11 in Akron, Ohio. He’s representing 41 plaintiffs from Ohio and Michigan. The More...
IMF Includes Yuan in SDR Basket; Does This Threaten a Dollar Collapse in 2016?
Will This Threaten a U.S. Dollar Collapse in 2016? The International Monetary Fund (IMF) has approved the inclusion of the yuan (or renminbi), the Chinese currency, in its basket of reserve currencies, More...
Professor of Economics at Harvard University Kenneth Rogoff: The Fed’s Communication Breakdown
Nothing describes the United States Federal Reserve’s current communication policy better than the old saying that a camel is a horse designed by committee. Various members of the Fed’s policy-setting Federal More...
Berkeley Economics and Political Science Prof. Barry Eichengreen: China’s Forex Follies
BERKELEY – On August 11, China devalued its currency by 2% and modestly reformed its exchange-rate system. This was no earth-shattering event, but financial markets responded as if a meteorite had struck More...
Peter Schiff: Interest Rate Hike Could Spark Economic Collapse
Forget about higher interest rates. To starve off an economic collapse, the Federal Reserve may have to resort to another round of quantitative easing. At least, that’s according to famed investor Peter More...