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Albert Einstein is rumored to have said that “Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.” These days interest rates are near zero. The average savings account currently pays .09% interest per year, according to the
Are you ready for this week’s absurdity? Here’s our Friday roll-up of the most ridiculous stories from around the world that are threats to your liberty, your finances, and your prosperity. Man fined almost $7 million for painting his own property In 2002, the owner of some dilapidated warehouses in
At precisely 11am on November 11, 1918, in a nondescript railroad car in northeastern France, a group of senior military officers and government officials signed an armistice agreement that effectively ended World War 1. The Great War had killed a staggering 9 million soldiers in four years. That’s more than
Last week Wells Fargo paid the largest fine yet for one of it’s many scandals– $3 billion. This time, the fine was for opening bank accounts under customers’ names without the customers’ knowledge or consent. Workers at Wells Fargo did this to boost their own sales goals. They forged customers’
In the year 1520, exactly 500 years ago, a German scholar named Johan Schoner completed a map of the world that was widely considered to be humanity’s most advanced understanding of geography at that time. To us, Schoner’s map is pretty amusing. There’s scarcely any American continent. Instead he drew
Are you ready for this week’s absurdity? Here’s our Friday roll-up of the most ridiculous stories from around the world that are threats to your liberty, your finances, and your prosperity. UK urges parents to report their kids to police for using normal technology Police in the UK are distributing
Warren Buffett’s holding company, Berkshire Hathaway, didn’t outperform the S&P 500 last year. Berkshire Hathaway grew slightly in 2019, but its performance lagged far behind the S&P 500 stock market index. That’s an anomaly for Buffett. He’s handily outperformed the S&P 500 for decades, endearing himself to millions of investors
Last month the US government’s National Vital Statistics System released data showing that the birth rate in the Land of the Free has dropped to -yet another- ALL TIME LOW. It’s the FOURTH year in a row that the fertility rate has reached a record low in the US, meaning
Are you ready for this week’s absurdity? Here’s our Friday roll-up of the most ridiculous stories from around the world that are threats to your liberty, your finances, and your prosperity. You can now pay $2500 to be told you’re racist Are you a liberal white woman who wants to
Tuesday night after the New Hampshire primary, US Presidential candidate Andrew Yang dropped out of the race due to his poor showing. If you’re not familiar, Andrew Yang famously proposed a Universal Basic Income for all US adults: everyone would have received a “Freedom Dividend” of $1,000 a month under
One of the really interesting things about where I live here in Puerto Rico is that my house is located within the grounds of a resort… so I bump into a fair number of tourists when I’m at the gym or walking on the beach. People engage me in conversation
Today the federal government will release a nearly $5 TRILLION annual budget proposal for Fiscal Year 2021 (which begins on October 1st of this year). Needless to say, that’s more money than any government has ever spent in the history of the world. And there are a few things in
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