Trump’s Recipe to Avoid US Default Doesn’t Mention Bitcoin
Presidential candidate Donald Trump claimed that the US is incapable of defaulting on its debt because of the Federal Reserve’s ability to “print money.” The Republican Party’s presumptive presidential nominee attempted to clarify previous statements that he could persuade America’s creditors to accept less than full payment for the national debt, which was construed by some publications to mean he intended to default. Trump insisted that he meant that the US could simply buy back debt at a discounted rate. “You know, I’m the king of debt. I understand debt probably better than anybody. I....
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According to Visual Capitalist, Ghana is now placed second on its list of countries with the highest default risk in 2022. Only four countries, namely, Ukraine 10,856 basis points (bps), Argentina (4,470), El Salvador (3,376), and Ethiopia (3,035) have a credit default swap spread that is higher than Ghana’s at 2,071 bps. El Salvador Has Highest Default Risk After seeing inflation surge to over 29% in June, Ghana, West Africa’s second-largest economy, is now ranked as one of the countries most likely to default this year, Visual Capitalist’s latest sovereign debt....
Elon Musk, head of Tesla and SpaceX, joined President-elect Donald Trump’s team of Advisories, as did Uber CEO Travis Kalanick. Mr. Musk has made jaw-dropping comments on Bitcoin in the past. In an interview available on YouTube, Mr. Musk, who has been appointed to Trump’s Team of Advisories, describes his feelings on Bitcoin. “I think Bitcoin is probably a good thing. I think it’s primarily going to be a means of doing illegal transactions…But that’s not necessarily entirely bad. You know, some things maybe shouldn’t be illegal,” Mr. Musk, who said he did not own Bitcoin at the time,....
Drones, you may or may not own one, but you’ve probably heard about them in the news. As you may have suspected, the use of drones is on the rise. Today, drones are more accessible to the masses than ever before due to their availability online and inexpensive cost. Thanks to online retailers like Amazon, it doesn’t cost much to buy a drone, less than $50. Drones, or Unmanned Aircraft Systems (UAS), can be used for a multitude of things ranging from practical, entertaining, or just plain scary. With a camera or recording device attached, drones have even greater potential. A drone in the....