At the end of 2015, a story about Donald Trump circulated widely. According to reports, if he had parked his wealth in an index fund 30 years ago, he’d be more than twice as rich as he is now.
It’s a new year. In less than three weeks, America’s 45th president – Donald John Trump – will solemnly swear to “preserve, protect, and defend the Constitution of the United States.”
You’d think Wall Street would have learned its lesson… But nearly a decade after the last financial crash of 2007–2008, the hunger for risky mortgages is back.
While it wasn’t widely publicized on this side of the pond, a hacker breach last month into Britain’s Tesco Bank sent shockwaves throughout Europe, with the thieves managing to steal £2.5 million pounds (US$3.1 million).
The euro is a disaster. At least that’s the story according to Joseph Stiglitz, the Nobel prize-winning economist. Looking at Europe, it’s not difficult to see what he means.
Stroke of the pen. Law of the Land. Kind of cool. Paul Begala, advisor to President Bill Clinton (1998)
One of the oldest traditions in the American republic is “government by emergency.”
Most people remember the horror of 2008 like it was yesterday. They recall watching helplessly as their pension funds were crushed in the financial crisis.
Don’t trust banks to protect the money you’ve deposited? You’re hardly alone.
Full disclosure: This is a controversial topic. Investing in a Schedule I narcotic isn’t everyone’s idea of a risk-free strategy.
Donald Trump could be the worst president ever if he follows through on his promises to bust the federal budget and crack down on civil liberties.
It’s been two weeks since Donald Trump won the US election. To be perfectly honest, I’m terrified.
After last week’s vote, investors wonder if the initial post-vote spasms in the financial markets indicate long-term changes to come.
A question I’m asked a lot by clients is, “Are markets manipulated?” My answer is always the same: “Of course they are.”
Today is Election Day in the US. As we post this piece, none of us here at Nestmann have any idea who will win the presidential election.
Acclaimed British graphic novelist, Warren Ellis, author of Transmetropolitan and other works about apocalyptic futures, once said he tries “not to get involved in the business of prediction.
Three weeks ago, a colleague forwarded to me a link to an article by an offshore service provider. The article, now removed from that company’s website, was entitled, “Nevis LLCs Losing Their Shine.”
The world’s billionaires are hoarding cash. Why, you ask?
The short answer is market volatility.
“Give me your tired, your poor, your huddled masses yearning to breathe free….”
Picture a helicopter hovering over a downtown city skyline. A hatch opens, and an unseen occupant begins to unload cash out the port.
Did you know you can buy a Mexican passport for US$15,000? A Belizean passport for $9,000? Or a passport from Moldova for $4,000?
“If we all die,” said Dr. Ben Goertzel, lead scientist of Hong Kong hedge fund management firm Aidyia, “it would keep trading.”
In the last few days, gold has been on a losing streak. Last Tuesday, gold prices fell by $42 per ounce – 3.3% – the biggest single-day drop in value in nearly three years.
The Sun Also Rises is Ernest Hemingway’s ode to the art of bullfighting. In it, he voices deep respect for the bold ones who enter the arena to dance with a stomping, snarling beast in the midst of a red-eyed fury.
Geneticists tell us the entire human race originated from a single tribal group of around 200 people who migrated from Africa into Arabia about 80,000 years ago.
Between February 2011 and December 2015, the IRS took notice that more than 1.1 million stolen Social Security numbers (SSNs) were being used to file crooked tax returns.
I just returned from a week in Bermuda, where I was a speaker at The Sovereign Society’s Total Wealth Symposium.
Apple, Inc. began as a company operating entirely in the US. But as it grew and began generating international profits, it faced a problem...
As I type this, the bubble surrounding the United States’ trillion-dollar auto credit industry is ready to burst. Our national trust teeters on the brink of ruin. Again.
Less than six months ago, the mainstream media had a field day announcing the release of the so-called “Panama Papers.”
Last year, German savers with more than €100,000 in their bank accounts woke to the news that they now faced a 0.4% annual charge.