Basic Income is All the Rage in Europe

“The universal basic income gives people a degree of certainty and proper security,” Kerr told The Guardian. “Few people now can expect to go through their entire working lives in the same job. People change jobs much more frequently and this leaves gaps and we don’t deal with the gaps properly. It takes weeks to register and to become eligible for payments and weeks for them to come through. By that time, they have become consumed in a spiral of debt from which they rarely emerge.”

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Six Things about the US Economy that should scare you to Death

The Public Pension Crisis. State and local governments across the nation have accumulated $4.798 trillion in pension obligations, but they have only $3.607 to cover the promises to employees, The Hoover Institution calculated. That means they will have to come up with $1.91 trillion, and the most likely place it will come from is cutting basic government services.

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Central Banks under Attack by Hackers

There are many ways hackers could use Central Banks to disrupt an economy. An obvious one would be to start dumping unlimited amounts of debt on the market. Another would be to start buying up unlimited amounts of debt. Either scenario might trigger inflation or overheat the markets. Even a simple action like sending out a fake press release stating that the bank was about to raise interest rates would wreak havoc in the market.

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The Incredibly Shrinking Exxon-Mobil

Big oil is withering away before our eyes, and destroying a classic value investment in the process. No oil company seems to be shrinking faster than Exxon-Mobil (NYSE: XOM).

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Some Big News Stories you missed

Only around nine percent of Americans cast votes for Donald Trump or Hillary Clinton in the presidential primaries, New York Times writers Alicia Parlapano and Adam Pearce noted. That means less than 10% of the US population decided who the presidential nominees for the two major parties would be.

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The Bitcoin Economy is upon Us

The most dramatic development is that Bitcoin is now more stable than one of the world’s great currencies; the Pound Sterling, The Independent reported. That’s right a blockchain-based digital ledger; that’s less than 10 years old, is more stable than the historic currency of the British Empire.

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Britain is no Longer a Christian Nation, is America Next?

Most Britons still have a faith, but secularists are now the largest religious group in the country. Christians are now a steadily declining minority. People of faith in England, Scotland, Wales and Northern Ireland only outnumber nonbelievers; if the percentages of Christian and non-Christian believers are added together to reach 52%.

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Obamacare Premiums Could Rise by 48%

One insurance company; Highmark, has requested a 48% premium increase for some policies offered through Pennsylvania’s Obamacare exchange next year, Lancaster Online reported. The average Obamacare premium in Pennsylvania will increase by 12% next year.

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Is Current C Dead or Merely Delayed?

The Apple-zombie press is hyping up the Current C “postponement” as a victory for Apple Pay, yet it could be a serious defeat for Apple’s (NASDAQ: AAPL) payment app.

The danger for Apple; and Alphabet’s (NASDAQ: GOOG) Android Pay, is that Big Retail has concluded that app payment is a niche product that will not drive many sales. The retail giants’ executives think that contactless payment is simply not worth the time and effort.

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Investment Legend Endorses Basic Income

“Millions of jobs will be lost over the next 10-15 years,” Gross predicted. “Virtually every industry in existence is likely to become less labor-intensive in future years as new technology is assimilated into existing business models.”

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