via themarket: My estimate is that over $360 billion in non-withheld income taxes will be paid to the US Treasury this April; approximately $86 billion or one third more than the $278 billion non-withheld receipts in April 2018. Since much of …
By Robert Ross Transportation is a big issue in most of the US. It’s so big that for the majority of Americans having a car is a matter of survival. Most people can’t even go to work without a car. …
Paypal CEO: Shouldn’t expect Venmo to be profitable in next one, two quarters from CNBC. https://www.cnbc.com/2019/02/19/digital-payments-could-grow-into-a-100-trillion-market-paypal-ceo.html We live in the space of digital commerce and digital commerce is exploding still around the world,” PayPal CEO Dan Schulman says. “I think …
via seattletimes: A record 7 million Americans are 90 days or more behind on their auto loan payments, the Federal Reserve Bank of New York reported Tuesday, even more than during the wake of the financial crisis era. Economists warn this …
via CBS NEWS: The Fed’s interest rate hikes are doing more than hitting consumers in the credit cards. They’re also making it much more expensive for the U.S. to carry its debt load. While they’re not currently a subject of President …
But will the big banks play along? By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. On Friday the ECB launched, with minimal fanfare, a brand new system aimed at enabling banks to settle payments instantaneously across Europe, helping them to …
Newly filed court documents confirm that Fusion GPS, the company mostly responsible for the controversial “Trump dossier” on presidential candidate Donald Trump, made payments to three journalists between June 2016 until February 2017. The revelation could be a breakthrough for …
by WARREN MOSLER Trade deficit still increasing: Highlights The goods portion of October’s trade deficit is deeper than expected, at $77.2 billion vs expectations for $76.9 billion and compared with a monthly average in the third-quarter of $74.6 billion. October’s …
by Thinker What is the message the POTUS is sending out to those who choose to sit in positions of leadership, power, and control??? You “WILL” be held accountable for your actions, and history is part of the process. For …
by Ryan McMaken via Mises Wire Interest on the national debt is quickly becoming one of the largest expenses in the national budget. Based on projections from the OMB, it now appears that growth in interest payments on the national debt will be …
from Jason Hartman’s Creating Wealth Jason Hartman discusses some key aspects for real estate investors. One of the most important, and most visible, components of investing is interest rates, and there are some absolutely critical things you need to remember about …
From Birch Gold Group No surprise to anyone, the United States is in debt. Of the last 64 years, the U.S. has run a budget deficit for 62 of them. According to Newsmax, it seems like 2018 will be a year of …
Cryptocurrencies are here to stay – the crypto markets have survived criticism, skepticism, vilification, and outright criminalization from traditional financial institutions and governments. There are more than 1,800 coins, tokens, and altcoins in the market and the number is consistently …
On Friday, the FBI released 70 pages of HEAVILY REDACTED documents on dossier author Christopher Steele thanks to a FOIA lawsuit filed by Judicial Watch. Nearly every single page was completely redacted. The documents do however, show the FBI paid …
Two popular mobile services are moving closer together. Ride hailing service Uber said on Thursday that it was adding an option in its apps for customers to pay directly with PayPal’s Venmo service. The feature rolling out in coming weeks …
by DCG Another anti-Second Amendment company to add to your boycott list. From NY Post: Several gun-related businesses were suddenly — and without warning — disrupted in recent weeks when Intuit stopped processing credit card payments because sales were gun-related, The Post has learned. Some of …
VISA has been hit by a “service disruption” which is blocking payments across Europe – with one frustrated customer comparing it to “the apocalypse”. Others described scenes of “bedlam” in supermarkets. Paymentsense, an organisation which offers card facilities to small …
https://www.bloomberg.com/news/articles/2018-05-22/borrowers-pick-mobile-phones-over-cars-as-daily-dependence-grows “Payment priority of cell phones is higher than personal and auto loans and similar to or slightly lower than that of mortgage,” Similar to mortgage? Wow, that wouldn’t even be close for me. Of course I do have a …
via RT: The European Union is planning to switch payments to the euro for its oil purchases from Iran, eliminating US dollar transactions, a diplomatic source told RIA Novosti. Brussels has been at odds with Washington over the US withdrawal …
by visualcapitalist In the original whitepaper, Satoshi Nakamoto envisioned Bitcoin as a peer-to-peer version of electronic cash that would facilitate transactions without the oversight on a trustworthy, centralized party. Since then, cryptocurrency has surged in popularity as an asset class – …
The Bank of Montreal has blocked all credit, debit and online payments to cryptocurrency exchanges because they claim Bitcoin is too volatile. The legacy financial system remains the biggest single point of failure to the success of crypto markets. The …
I remember buying my first car back in 1994. It was a sports car at the time (Mitsubishi Eclipse). Really nice car and only cost me $12K. Turned down the Mitsubishi Mirage because I thought it was crap. It seems …
Cash eclipsed as Britain turns to digital payments… Notes and coins set to fall to just 21% of sales by 2026, raising questions for those who rely on the cash economy Britain will move beyond “peak cash” this year, according …
https://www.youtube.com/watch?v=7ogX4p31Q1Y EXCLUSIVE: DOJ Official Bruce Ohr Hid Wife’s Fusion GPS Payments From Ethics Officials http://dailycaller.com/2018/02/14/exc…
https://www.youtube.com/watch?v=7KKzVKH4Vg0 Cristina Laila for the Gateway Pundit reports, Congressional investigators are looking into whether the FBI paid dossier author Christopher Steele’s travel expenses to D.C and Rome in order to make him look like an official “informant” rather than a …
by NorthmanTrader Is anyone paying attention? I don’t know, but the cost of carrying debt has been rising and it’s already showing measurable impacts despite the Fed Funds rate still being very low. My concern of course is that the global …
As far as I’m concerned, Venezuela is bankrupt. There’s no way out of this through natural market forces. Who do you think will come to their rescue? The IMF? China? Russia? Or will there be a coup? Venezuela is undergoing …
Credit-Card Payments SURGE Americans increasingly relied on credit cards to make payments in 2016, and made more of those payments remotely, according to new data the Federal Reserve released Thursday. The number of credit-card payments grew 10.2% last year, to …
by Mark Angelides Donald Trump announced in an Iowa rally last week that he would be seeking to put in place laws that mean newly arrived migrants would be ineligible for collecting any form of Welfare payments during their first …