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satoshin • Dec 23, 2024, 8:50 am EST

America’s Digital Destiny: How Bitcoin Could Reshape the Future of US Economic Power

In boardrooms and policy circles across America, an ambitious vision for transforming the United States into the undisputed leader of the global digital economy is gaining attention. Michael Saylor, Executive Chairman of MicroStrategy and prominent Bitcoin advocate, has outlined a framework that positions digital assets – particularly Bitcoin – as the key to maintaining American economic dominance in the 21st century. The proposal, remarkable in its scope, suggests a path to addressing national debt while revolutionizing global financial markets. The Dollar’s Digital Crossroads The United States dollar has served as the world’s reserve currency since the Bretton Woods agreement of

7 minutes

arusso • Jul 31, 2023, 11:59 am EDT

Biden’s Union Pension Bailout: A Lifeline or a Gamble?

The Biden administration recently disclosed its comprehensive guidelines for the bailout of hundreds of embattled union pension plans. The initiative, embedded in the Democrats’ $1.9 trillion American Rescue Plan Act (ARPA) designed to ease the financial strains of the COVID-19 pandemic, aims to secure workers’ pensions for many decades. However, this move has sparked some controversies. The ARPA’s Special Financial Assistance Program will funnel an enormous $90 billion of taxpayer capital into the federal government’s Pension Benefit Guaranty Corporation (PBGC). This entity serves as the insurer for private-sector pensions and was on the brink of insolvency before the ARPA intervention,

3 minutes

satoshin • Jul 21, 2023, 11:42 am EDT

Rising Net Interest Payments: Is the U.S. Economic Stability at Risk?

Is the ticking time bomb of rising net interest payments endangering U.S. economic stability? Explore the potential risks and delve into the intricate web of financial consequences as interest burdens grow, shedding light on the challenges that lie ahead for the nation’s fiscal health.

3 minutes

carlp • Jul 20, 2023, 11:01 am EDT

A Harrowing Credit Tale: American Credit Scores Plunge Amid Mounting Debt

In recent years, tens of millions of American consumers have witnessed a significant boost in their credit scores. Thanks to government stimulus checks, low interest rates, and a pause on student loan repayments, an economic reprieve seemed to be in sight. However, that all seems to be unravelling as the nation confronts the abrupt plunge of credit scores.

4 minutes

satoshin • Jul 11, 2023, 1:39 pm EDT

How An Economy Grows and Why It Doesn’t: Timeless Economic Lessons For Everyone

The American economic landscape is filled with complex theories and intricate practices. However, understanding these concepts doesn’t always require an economics degree. Sometimes, the simplest stories can capture the essence of complex economic ideas. Such is the case with Irwin Schiff’s classic educational comic from the 1980s, “How an Economy Grows and Why It Doesn’t.”

4 minutes

satoshin • May 30, 2017, 11:49 am EDT

Skyrocketing bitcoin is more than just an investment — it could help the world, says investor

Bitcoin, the cryptocurrency that has been on a tear of late, is not only an attractive investment, but it is also a potential solution to easing a strained global financial system, according to a top money manager. The current debt-based market with unlimited supply and limited borders, allows for “too much quantitative easing,” which is behind the problem of “too much debt and too little growth,” according to Rainer Michael Preiss, executive director of Taurus Wealth Advisors. And that, he said, is where bitcoin comes in. Adam Jeffery | CNBC Denarium Bitcoins. “Governments are potentially having long-term issues with debt

2 minutes