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Why Elon Musk’s bankruptcy joke on Twitter isn’t funny

Nearly 4,000 years ago in the mid 18th century BC, the King of Babylon passed away, leaving the throne to his 18-year old son Hammurabi. Hammurabi was smart enough to know that his kingship would be incredibly short if he didn’t do something quickly to assert his power. So as his first order

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US government issuing $300 billion in new debt– just this WEEK

I’m doing my best to take a few days off this week, and have the pleasure of spending time with some friends here in a fairly remote corner of Vietnam’s magnificent coastline. This is one of the most pristine places I’ve ever been– a high-end resort nestled at the top of a mountain

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“Tesla, without any doubt, is on the verge of bankruptcy.”

Just a few days ago, shareholders of Tesla approved an almost comical pay package for their cult leader CEO Elon Musk that could potentially put $50 BILLION in his pocket over the next decade. Let’s put this figure in perspective: at $5 billion per year, Musk would make more than every single CEO

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US National Debt: Shocking Facts & How It Affects YOU

US National Debt:Shocking Facts & How You Can Protect Yourself AUTHOR PUBLISHED What if I told you that by the time you finished reading this sentence, the US national debt would have shot up by $364,000? Or – that by the time you wake up tomorrow, the debt will have increased by nearly

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Venezuelan millionaire refugee now working as a personal trainer

[Editor’s Note: As we’re coming up on the end of the year, we thought it would be appropriate to republish some of our most popular Notes articles of 2018. Today’s article was originally published on March 14, 2018.] It’s been a few months since I’ve traveled to Medellin– I have a number of

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Colombia's Digital Nomad Visa is launching soon

2,000 years of history says this country should be on your radar

By the late summer of 30 BC, ancient Rome had been embroiled in an almost endless, decades-long period of instability and civil war. Twenty years prior, back in 50 BC, Julius Caesar and Pompey the Great had waged a long, bloody conflict against each other for control of Rome, one that ultimately ended

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Rhode Island Wants to Tax Pornography

The government hasn’t yet figured out how to tax having sex. But Rhode Island at least wants to tax pornography. Yes I’m serious. It starts with censorship: two Rhode Island state senators just introduced legislation that would require Internet Service Providers (ISPs) to block all “sexual content and patently offensive material.” We have

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This may be the dumbest thing that any politician could ever do…

Week before last, I told you about how the brand-new President of South Africa, Cyril Ramaphosa, made an impassioned speech calling for the confiscation of real estate from white land owners. It was a pretty remarkable thing to say during what was literally his first week in office. You’d think the new president

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Total student debt in America now exceeds cost of Iraq War

We’ve all seen the headlines: the cost of university education in the United States has become completely debilitating. And student debt keeps rising to record high levels. It’s almost commonplace now for a 22-year old to graduate from university with $50,000+ in student debt. According to data from the Federal Reserve, the total

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Treasury Department reports $1.2 TRILLION loss in 2017

Earlier this month, the United States government released its annual financial report for the year 2017. This is something the government does every year, similar to how large companies like Apple, or Warren Buffett’s Berkshire Hathaway, publish their own annual reports. Unlike Berkshire and Apple, though, whose financial reports typically show strong, positive

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Terrified of Bitcoin, banks forced to innovate for the first time in 40+ years

Yesterday morning, several banks in Australia started rolling out a new payment system they’re calling NPP, or “New Payments Platform.” Until now, sending a domestic funds transfer in Australia from one bank to another could take several days. It was slow and cumbersome. With NPP, payments are nearly instantaneous. And rather than funds

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This may be the beginning of the Great Financial Reckoning

Less than two weeks ago, the United States Department of Treasury very quietly released its own internal projections for the federal government’s budget deficits over the next several years. And the numbers are pretty gruesome. In order to plug the gaps from its soaring deficits, the Treasury Department expects to borrow nearly $1

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