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The Importance of a Well-Diversified Portfolio

The economic downturn of 2008 left us all a little wary and shell-shocked in regards to the stock market. In fact, currently 80% of young people are completely uninvolved in the stock market, and only 54% of the general American population has trades in the stock market, the lowest percentage

What is Gold Worth?

Last week, we took a look at the history of gold as a unit of currency and a base value supporting cash money. Today, we want to take a closer look at the way that the value of gold reacts in the ups and downs of a modern economy. As

How Interstate Migration Fuels a Stronger Economy

On this blog, we’ve talked about how international migration affects economies in the short and long term, and how immigration can provide an economic boon for a variety of reasons. However, debates about immigration and its economic impact still rage on in our political discourse, as millions of people’s lives

Money Laundering in the United States: The Forgotten Tale of Wachovia Part 2

Continued from part 1. In 2007, a jet was confiscated in Mexico that contained over $100 million worth of cocaine. The information from this raid showed that Wachovia, then the fourth largest bank in the United States, was used as a gateway to launder up to $378 billion through the

Money Laundering in the United States: The Forgotten Tale of Wachovia Part 1

Roughly 1 to 2 trillion dollars are embezzled around the world every single year, according to experts, who estimate that between 2-5% of global GDP is laundered money. In terms of where this money is laundered, the United States makes up for a significant portion of laundered money. One particular

Iraq’s Five Year Rebuilding Plan

In order for Iraq’s economy to truly start to replenish is for the infrastructure across the country to be rebuilt. Without infrastructure, the necessary systems to function in a modern economy are simply not going to be in place. To address this very imminent need, the government of Iraq has

Why the Gold Standard Doesn’t Work

Every handful of years, a large debate over the basis of our financial systems crops up, with calls yearning for a return to the gold standard, where all paper money was backed up by a tangible resource, such as gold. At first glance, there might be some reason to these

What Does Brexit Signify for the Middle East – Part 4

PART 4 The recent UK referendum to leave the EU, or Brexit, as it is frequently known, represents shifting tides in many geopolitical arenas. This series is devoted to looking at the many possibilities that this could represent to the Middle East, in particular, and what it means for the

What Does Brexit Signify for the Middle East – Part 3

PART 3 The recent UK referendum to leave the EU, or Brexit, as it is frequently known, represents shifting tides in many geopolitical arenas. This series is devoted to looking at the many possibilities that this could represent to the Middle East, in particular, and what it means for the

What Does Brexit Signify for the Middle East – Part 2

PART 2 The recent UK referendum to leave the EU, or Brexit, as it is frequently known, represents shifting tides in many geopolitical arenas. This series is devoted to looking at the many possibilities that this could represent to the Middle East, in particular, and what it means for the

What Does Brexit Signify for the Middle East – Part 1

PART 1 Earlier this year, the United Kingdom voted to leave the European Union in a referendum that was widely publicized around the world. This event has become more commonly known by its media pet name, “Brexit.” Although the full effects of brexit are still uncertain, it will definitely have

Currency: More Than Bills and Coins

Money is a dominant factor in most of our lives. It’s the number one cause of divorce and the biggest motivator for field of study in U.S. colleges. Money as we know it today has undergone a lot of changes throughout time. Today, we’re taking a closer look at this

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