Posts by David Schroeder
The IRA is under attack thanks to Biden and Democrats’ spending plans
Some Democrats want to dismantle IRAs as we know them The Individual Retirement Account, or IRA, has been one of the great policy successes of the past half-century. Introduced in 1974 as a backstop for workers whose employer-based retirement plans were vaporizing in a terrible economy, IRAs are now held by more than one-fourth of U.S.…
Read MoreTucker Carlson Tonight’ host exposes what caused inflation to hit a 39-year high
Watch Tucker Carlson from Fox News discuss the economics of inflation and how we Americans are getting poorer. “But there is one core economic fact that everybody, even those of us with poor math skills, grasps instantly, and that’s when we’re getting poorer. How do you know when you’re getting poor? You know you’re getting…
Read MoreChina Passes U.S as Wealthiest Nation in the World
According to a new report from McKinsey & Co, global wealth has skyrocketed over the last twenty years — soaring from $156 trillion in the year 2000 to $514 trillion in 2020. “We are now wealthier than we have ever been,” said Jan Mischke, a partner at the McKinsey Global Institute in Zurich. While the United…
Read MoreThe dollar will collapse under a ballooning US deficit and deglobalization, former Morgan Stanley Asia chairman says
Summary: The US dollar will almost certainly crash under the weight of unprecedented government debt and a reversal of decades-long globalization trends, Stephen Roach, former chairman at Morgan Stanley Asia, said Monday. The currency initially soared as investors piled into safe-haven assets at the start of the coronavirus pandemic. Yet the dollar has fallen under new pressures…
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