Month: July 2018

In the swamp, six figure salaries are the norm; there are 78 agencies where the average salary is $100,000 or more. Federal bureaucrats are paid $1.1 million every minute, $65.6 million every hour, and over half a billion dollars per day. In 2016, there were more than 330,000 disclosed federal bonuses paid. There are more than 35,000 lawyers in the administrative state. The army of lawyers in the employ of the federal government assures that no aspect of American life is untouched by the swamp’s appendages. The VA is offering anything but care for our great vets. While veterans were suffering at the hands of a broken bureaucratic machine, the VA doled out tens of thousands of undeserved performance bonuses: $150 million per year. From 2015 to 2016 the VA made 20,711 new hires, but just 2,091 were doctors, continuing the historical 10:1 doctor to non-doctor employee hiring ratio. In 2016, the VA employed 3,498 police officers at a total cost of $172 million – all names and locations of these officers, however, were redacted. The average physician at the VA makes around $205,000 a year, meaning the VA could employ 840 doctors instead of 3,498 police officers and lots more! In America today, “the swamp” is a real thing: a permanent government within our government that will outlast this administration and the next one and the one after that. It has a massive architecture that can be measured. It is composed of tens of thousands of individuals and lobbyists – many of whom operate well outside the confines of Washington, D.C.

DISCLAIMER: The financial and political opinions expressed in this video are not necessarily of “Finance and Liberty” or its staff. Opinions expressed in this video do not constitute personalized investment advice and should not be relied on for making investment decisions.
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Mexico has elected a leftist-populist. Canada would like to unelected theirs. China started to wonder and the EU is in full panic mode. Welcome to the world of Trumpian Trade Policy. No one knows where they stand until the chips have fallen where they made. No one but Trump that is and he’s holding all the cards. Welcome back factory workers and the middle class. To think it was all so easy.

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Tom Meredith is the Co-Founder & CEO of BitMinutes and is an Expert on Bitcoin and says: “In short, the problem with Bitcoin is that it is not tied to an asset and there is no practical use for it”. Tom is a serial entrepreneur who has been crafting solutions in online security, peer-to-peer (P2P) lending and other ventures for over a decade. He founded P2P Cash in the mid-2010s to focus on the fintech space, which led to the creation of Smart Token Chain, a breakthrough combination of block chain advances, cryptocurrency innovation and cyber security mandates. He founded BitMinutes to apply these new tools to the social mission of profitably removing the structural constraints on the expansion of financial service delivery globally. About BitMinute: BitMinute is a cryptocurrency tied to a real-world asset called a prepaid airtime minute. On the surface, the prepaid minute is just prepaid airtime on a mobile phone. However, it is fast becoming an informal currency in thousands of less developed communities where formal banking services are scarce. This opens up an enticing opportunity to apply fintech advances to build a new financial services delivery system.

DISCLAIMER: The financial and political opinions expressed in this video are not necessarily of “Finance and Liberty” or its staff. Opinions expressed in this video do not constitute personalized investment advice and should not be relied on for making investment decisions.
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