One of my readers ask me the other day “Could the United States go bankrupt?”
The short answer is: Absolutely. Yes. The United States defaulted on some or all of its debt in 1790, 1833, 1861, and 1979.
The long …
Category: Finance
The One Trillion Dollar Problem
Suppose you had one billion dollars. You could spend $5,000 per day for more than 500 years before you would run out of money.
The cost of paying for America’s national debt crossed the $1 trillion dollar mark in 2023, …
The Open Banking Rule
It seems as the days go on, the “you’ve got to be kidding me” file continues to grow at a rate that far exceeds the imagination and one that is far greater than one is able to keep up with, …