The psychology of spending and how it relates to credit cards While there are many factors that can contribute to financial instability, one of the most important is our spending habits. Psychological research has shown that we are far more likely to spend money using credit cards instead of cash. This is because paying with …
Does Using a Credit Card Make You Spend More Money? Read More »
One of the keys to success is Buying the dip. So let’s look at five fundamental rules you can implement to help you invest during this market downturn. 1. Avoid Panic Selling a Good Business What you need to be aware of when buying a stock. Is that what you are buying is part of …
Warren Buffet’s 5 Rules for Investing in Stock Market Crashes Read More »
It is anticipated that the Bank of Canada will raise the interest rate on Wednesday of this week, and the rise will likely be significant. According to the opinions of the vast majority of experts, it may push the total interest rate up to 4%. A growing number of Canadians believe that rising interest rates …
The Bank of Canada is raising Interest Rates Tomorrow. Read More »
It is astounding that so-called experts fail to realize the seriousness of the threat to equities prices and the depths to which they still have to go despite the fact that stock prices have been falling for a while and are certain to continue doing so. Higher interest rates immediately damage stock market values for …
How High-Inflation will have a Major Impact on the Stock market? Read More »
Today will answer why we can’t just forgive all the debt being the fiat currency is not tied to the gold standard, so why can it not just be wiped clean? But first, I’ll fill you in on something called debt jubilees, which was commonplace in the olden days. This practice, which is common in …
Even though 86% of the world’s central banks think about the risks and benefits of issuing a central bank digital currency (CBDC), much of the analysis is still theoretical or untested. This is a good thing since there are a lot of potentially unstable risks and other things that central bankers have to consider when …
10 Risks of the CBDC “Central Bank Digital Currency.” Read More »
The federal reserve is changing its currency protocol in 2023 and offering digital currency to businesses and people. The way I see it is, it is pretty much the same as using your debit card like we are at the moment, only they will be offering at a lower rate where the retailer can see …
What are the Positive and negatives of Central Bank Digital Currencies? Read More »
What is digital currency banking? A Central Bank Digital Currency (CBDC) is the digital representation of a country’s fiat currency, which also represents a claim on the central bank. Instead of printing currency, the central bank offers electronic coins or accounts guaranteed by the government’s complete confidence and credit. Why would the government get involved? …
It’s no secret that the economy is in a recession. And while it may be difficult to face, it’s important to remember that there are things you can do to protect yourself and your family. By preparing for a recession now, you can help ensure that you can weather the storm. So what can you …
Most people know what a recession is, but few understand what happens during one. A recession is when the economy slows down, and businesses make less money. This can lead to job losses, which can cause even more problems. This blog post will explore what happens during a recession and why. We will also explore …
What Causes a Recession, its Impacts, and its History? Read More »