Treasury Department

Record Number Of Americans Renounce U.S. Citizenship In 2016; 2,200% Surge During Obama Reign

Obama warned everyone back in 2009 that "elections have consequences."  Now, eight years later, we learn that apparently the "consequences" of running around the country for nearly a decade threatening to raise taxes, "spread the wealth around" and pursue any number of other socialist policies are a record number of people renouncing their U.S. citizenship.

"When Trade Stops, War Starts" Jack Ma Warns As China Protests US Sanctions On Iran

Having recently accused the US of 'wasting $14 trillion on war instead of its people', China's second richest man, Jack Ma, continued to voice his concerns to President Trump on a recent trip to Australia, warning retreat from globalization will only result in trouble. This followed China "lodging representations" with the United States over Washington's new sanctions list targeting Iran, which includes Chinese companies and individuals.

Trump To Sign Executive Orders Undoing Dodd-Frank, "Fiduciary Rule"

President Trump will order a sweeping review of the Dodd-Frank Act rules enacted in response to the 2008 financial crisis, signing an executive action Friday designed to significantly scale back the regulatory system put in place in 2010. Trump also will halt another of Obama’s regulations known as the "fiduciary rule", hated by the financial industry, that requires advisers on retirement accounts to work in the best interests of their clients.

US Unleashes New Sanctions On Iran; Russia Says "Counter-Productive"

The U.S. imposed fresh sanctions on Iran as President Donald Trump seeks to punish Tehran for its ballistic missile program after warning the Islamic Republic that it is “playing with fire." As Bloomberg reports, the Treasury Department published a list of 13 individuals and 12 entities facing new restrictions, some for contributing to proliferation of weapons of mass destruction and others for links to terrorism.

The Uncanny Similarities Between President Trump And FDR

The first observation that really struck me is how much Trump genuinely cares about “the little guy”. FDR was just as sincere about helping all the millions of hungry, homeless and jobless Americans, during the Great Depression. The US had to wait eight years after the Great Financial Crash of 2008, also known as the Great Middle Class Gang Bang, for populist Trump to ride to the rescue.

Trump: "I Haven't Eased Anything On Russia"

“We’re not easing sanctions,” press secretary Sean Spicer told reporters, arguing that it’s “common for Treasury after sanctions are put in place to go back and look at specific carve-outs for different industries or products and services. “It is a regular course of action that Treasury does often when sanctions are imposed.”

Is A US-German Trade War Imminent?

Trump has accused Germany of not doing enough to increase its imports while having such a sizable trade surplus, and in October, the U.S. Treasury Department listed Germany as a country to watch because of its current account surplus. So is a trade war with the U.S. next?

A "Color Revolution" Is Under Way In America

"One of the most amazing features of this color revolution against Trump is the fact that those behind it don’t give a damn about the damage that their war against Trump does to the institution of the President of the United States and, really, to the United States as a whole. That damage is, indeed, immense and the bottom line is this: President Trump is in immense danger of being overthrown and his only hope for survival is to strike back hard and fast."

Summing Up 8 Years Of Barack Obama

One day his Supreme Court justices will retire. Obamacare may be repealed. History will forget about his charisma and charm. Edward Snowden may eventually return home. The 500,000+ pages of regulations his administration issued will be replaced. And even the families of all the innocent victims who were accidentally killed in his drone strikes may move on with their lives. But the debt will still be there.