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China overtakes the U.S. as most competitive global economy

In their annual ranking for most competitive global economies, IMD announced on May 30 that China's Hong Kong sector surpassed the United States on the list to move into the number one spot for 2016. The U.S. had been number one of the rankings scale for the past three years, but massive regulation, higher taxes, declining infrastructures, and moves towards closed trade (TPP, TPIP) led to their dip down to ...

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U.S. beyond insolvent as financial filings show $3.2 trillion in assets and $21.5 trillion in debt

Each year the United States government files a financial statement showing their assets and liabilities through the Department of the Treasury.  And while previous years have been similar to 2015, in that their liabilities outweigh assets by a large margin, never before has the deficit been as extraordinary as it was calculated on Feb. 27. This because the United States (which is a corporation by the way), ...

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