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There are some enormous benefits in setting up a Solo 401(k)

Earlier this year the US government reported that Social Security’s long-term, unfunded liability now exceeds $50 TRILLION. Moreover, they forecast that the Social Security and Medicare trust funds will run out of money in 2034. This is the government’s own calculation. (And the government’s math is based on rosy assumptions that there will

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Just when you think you own your own private property…

The year was 1967. Ronald Reagan had just become governor of California. Aretha Franklin was belting out R-E-S-P-E-C-T on the radio. Marxist revolutionary leader Che Guevara was captured and executed in Bolivia. And a restaurant chain called The White Spot opened its newest location in Denver, Colorado. It was a popular diner; the

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The latest sign that absolutely nothing makes sense

In the latest sign that absolutely nothing makes sense anymore, WeWork filed formal regulatory paperwork with the Securities and Exchange Commission last week, officially notifying the world that it will soon be going public. If you haven’t heard of WeWork (or it’s parent– ‘The We Company’), it’s a real estate company that owns

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Medical patient falls off the examination table, sues his physician. . .

Welcome to our Friday roll up, where we highlight the most interesting, absurd, and concerning stories we are following this week. New Zealand officially legalizes paying employees with crypto-currency  New Zealand issued a tax bulletin this month officially recognizing that it is legal for employers to pay employees with crypto-currencies like Bitcoin. The

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Italy was the world’s superpower TWICE. They screwed it up both times

In 750 BC, according to ancient legend, the twin brothers Romulus and Remus founded a tiny hilltop settlement in central Italy. Romulus slew his brother for violating a magical superstition, and then named their new city after himself: Rome. And for the first several centuries of its existence, Rome was nothing special. It

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The Federal Reserve might as well use carrier pigeons

In the early 1760s, Mayer Rothschild began building a banking dynasty that would last for centuries. The elder Rothschild sent his five sons across Europe to establish banks in cities like Paris and London. One son, Nathan Rothschild, took the lead and expanded the family’s banking dynasty. With siblings in different countries, the

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Dad sued for slander because he criticized the education system

Welcome to our Friday roll up, where we highlight the most absurd and concerning stories we are following this week. Dad sued for slander because he criticized the education system Careful what you say about your kid’s public school curriculum. The company behind a controversial common core math program in North Carolina is

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When in Rome, get Italian citizenship

It was probably after 2am last night when I walked up the stairs to bed after a marathon seven hour dinner. But that’s pretty normal here. This is the eighth year in a row I have spent my summer holiday at this 400 year old villa in the Italian countryside. I invited a

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Why this is one of my favorite cities in Europe

I feel like a complete broken man right now. I’m exhausted. Sleep deprived. Malnourished. My muscles are sore. My back is killing me. I’m so hoarse I can barely speak. Yet despite all that I couldn’t possibly be feeling more excited and exhilarated. My 10th annual liberty and entrepreneurship workshop just ended yesterday

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10 year old charged for assault… with a dodgeball

Welcome to our Friday roll up, where we highlight the most absurd and concerning stories we are following this week. 10 year old charged for assault… with a dodgeball A ten year old boy will be brought to juvenile court on assault charges. His heinous crime was hitting another 10 year old in

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The Treasury Department is in desperate need of a sucker

Ten years ago, at the peak of the global financial crisis, the Board of Trustees which oversees Social Security in the United States issued a stark warning: They projected that Social Security’s enormous trust funds would completely run out of money in 2039. Naturally nobody paid attention. Back in 2009 the economy in

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The federal government sold your Social Security Number for FIVE dollars

The federal government sold your Social Security Number for FIVE dollars Welcome to our Friday roll up, where we highlight the most absurd and concerning stories we are following this week. Equifax fined $700 million… for 147 million person data breach Do you remember back in 2017 when Equifax (the giant consumer credit

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Here’s a phrase you’ll never hear again in the USA

“Gentlemen… the National Debt… is paid.” That sentence has been uttered in Washington DC exactly one time ever, by a Senator announcing that the US government was officially debt free. That was on January 8, 1835 when the debt that the United States government had accrued since its birth was finally paid off.

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Living like a Hollywood king in Bangkok, Thailand

The first time I met Steven Seagal, it was in the lobby of a posh hotel in Bangkok, Thailand. He came downstairs sharply dressed, complete with his yellow-tinged ‘Tony Stark’ sunglasses, ready to hit the nightclubs for the evening. My friend Adam introduced us. Steven bowed to me, and, slightly puzzled, I bowed

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