White House Press Secretary Jen Psaki contradicted House Speaker Nancy Pelosi's assessment of how much of the $3.5 trillion reconciliation package will add to the debt, saying the entire package "is going to be paid for."…
Heresy Financial: Does Energy Give Bitcoin (Or Anything)…
Many people talk about the energy that bitcoin (and gold) stores for you as a reason for its value. The pushback against this argument is that is sounds an awful lot like the labor theory…
Heresy Financial: Small Losses
Small losses are an integral part of every successful investor's or trader's strategy. It is simple risk management. However, it is also key to allow small losses in a system at scale, like an economy.…
Heresy Financial: Yellen Urges Congress AGAIN… Time is…
Yellen went before Congress yet again to plead with the politicians to either suspend or raise the debt ceiling. With a month left to go before emergency measures run out, the day of the United…
Heresy Financial: Foreclosure Tsunami About to Crash the…
Forbearances lead to foreclosures, and foreclosures lead to a housing market collapse. Right? At least that is what most headlines have been suggesting since the start of the pandemic. But what does the data say?…
61% of Americans Pay NO Federal Income Taxes
The numbers for 2020 just came in, and 61% of Americans paid absolutely zero in federal income taxes last year. This is true, but there is a catch. There is another 'tax' that everybody pays,…
Heresy Financial: Extreme Fear in the Markets Right…
The Fear/Greed index has moved steadily towards more and more fear in the markets all year long, despite the major stock indices steadily grinding higher. Normally, this index works as a contrarian indicator. But is…
Heresy Financial: What to Expect if the Fed…
The minutes from the Fed's July meeting were released and indicated broad consensus that the Fed should start tapering their asset purchases soon, and likely by the end of the year. This has big implications…
Heresy Financial: Palantir Buys $50 MILLION in 100…
Palantir recently announced a purchase of physical gold worth $50 million in an attempt to prepare for a future with more frequent black swan events. This is in sharp contrast to many tech companies who…