There’s one thing about debt, it continues to rise without question. Over time, there’s more debt. What has been a constant is that since 1980, rates have been declining. When interest rates are lower, financing debt becomes easier. This allows governments to pay back their unbelievably massive debt loads, without defaulting. While many people are saddled with credit card debt at 17% interest, financial institutions are using the system of debt to their advantage. It’s a different world depending on where you look.
A $13 Trillion Debt Bill Comes Due for Big Economies – Bloomberg
Elon Musk is now the richest person in the world, passing Jeff Bezos
Elon Musk just became the richest person in the world, with a net worth of more than $185 billion, according to CNBC calculations. Thursday’s increase in Tesla’s share price pushed Musk past Jeff Bezos, who had been the richest person since 2017 and is currently worth about $184 billion.
Biden Tax-Increase Agenda Revived as Democrats Win Senate – WSJ
WASHINGTON-Democratic control of the Senate gives President-elect Joe Biden a much stronger chance of raising taxes on corporations and high-income households. Until this week’s Georgia runoff elections, Mr. Biden’s plans for tax increases were running into solid opposition from the Republican-controlled Senate.
Manhattan Office Vacancies Soar to a Record With Leasing Frozen – Bloomberg
American Gold Eagle Sales Up 455% in 2020 | SchiffGold
Demand for physical gold and silver surged last year as smart investors sought safe haven from a record-breaking expansion in the money supply, record federal budget deficits, and quantitative easing set to infinity. Sales of US gold and silver bullion coins at the US Mint hit a 4-year high in 2020.
Canada’s International Trade Slows in Sign of Weakening Recovery – Bloomberg
(16) Squawk Box on Twitter:
“”When it comes to the young people’s hands they are going right to their @RobinhoodApp accounts,” says @Novogratz on stimulus driving market gains. “One of the most unique things last time was seeing how many people bought #bitcoin with the exact amount of stimulus. Boom. Boom.” https://t.co/DuazhcEeUC” / Twitter
“When it comes to the young people’s hands they are going right to their @RobinhoodApp accounts,” says @Novogratz on stimulus driving market gains. “One of the most unique things last time was seeing how many people bought #bitcoin with the exact amount of stimulus. Boom. Boom.” pic.twitter.com/DuazhcEeUC
Country Living Enjoys Renewed Appeal in U.S.
Story Highlights 48% now prefer to live in a town or rural area, up from 39% in 2018 Preference for cities fairly steady, while desire for suburbs dips Preference for country up most among GOP and non-Whites, also in South WASHINGTON, D.C.
Vatican denies knowledge of $1.8 billion transferred to Australia | National Post
The official in Rome said the Vatican had around 100 legal entities, including hospitals and the like, “but they don’t have that kind of money.” AUSTRAC said the transfers ranged from yearly totals of A$71.6 million (US$55.2 million) in 2014 to A$581.3 million (US$448.0) million in 2017.
IRS Sends Stimulus Payments To ‘Wrong Bank Accounts’ Affecting Estimated 13M Tax Service Customers – CBS Dallas / Fort Worth
Hyundai Motor says it is in early talks with Apple, shares surge 24% | Reuters
SEOUL (Reuters) -South Korea’s Hyundai Motor Co said on Friday it was in early talks with Apple, after local media reported the firms were discussing an electric car and battery tie-up, sending Hyundai shares surging 25%.
The stock market is rising higher and higher. There has never been a time in which so many investors have been putting money like this into the markets before. More tech stocks are becoming household names. Many unicorns are born every day. Billion dollar companies with excessive debt, SPAC deals, and IPO’s are absorbing the insatiable investor appetite.
— APPENDICES —
- The Money GPS: How To Get Out of An Economic Crisis. Action Steps To Excel, Prosper, and Prepare!
- The Money GPS: If You’re Dealing With Unemployment, Wage Cuts, or Crisis THIS Is What You Must Do
- The Money GPS: Who Controls the World? These Organizations, Institutions, and Families Run the Show
- The Money GPS: Rothschild and Rockefeller Team Up With the Vatican! Follow the Money…
- The Money GPS: The Broken Economy Leaving Millions Without A Job! Economic Crisis or Opportunity?
- The Money GPS: BIS Central Banker Admits EPIC Level Crisis Is the Most Likely Result of Global Mass QE
— FOOTNOTES —
Wake up to the suits and ties. They’re all lying to you. None are your friends. None wish to help you. Wolves in sheep clothing. More distractions than ever before. The magician always makes a spectacle to hide the trick.
ATTACK?If someone was going to attack a country, kind of makes sense to make it a surprise. But then again, the vast majority of the public is sleepwalking and will accept and believe anything they’re told. $GPS pic.twitter.com/mInQE2tpn3
We live in a fantasy land. More money flowing in than ever before, IPO frenzy, housing skyrocketing. Euphoria never end well. The higher it goes the worse it will be. Slow and steady growth is much safer. #money #investments #debt
IF THEY WILL FIGHT OVER PLAYSTATION…What would they do for food? #ps5 #PlayStation5 #playstation #ps5fight #walmart pic.twitter.com/hbimVKzeta
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The Money GPS is the most active, most informative channel in the financial world. Day after day, breaking down the data and making it easy to understand. This channel is not here to help build a portfolio, give stock picks, or financial advice. It’s simply data that is generally not found through conventional means.
The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of The Duran.