Holy Smokes Batman, $16 TRILLION?

Holy Smokes Batman, $16 TRILLION?

One of the biggest promises I made to you when starting Kung Fu Finance was to tackle the job of demystifying finance for you, to the best of my ability. For an industry that prides itself on words like “credit default swaps”, “derivatives”, “inverse yield curves”,...
QnA Friday: Live from Washington, D.C.

QnA Friday: Live from Washington, D.C.

Happy Friday from Washington, D.C.! I am here at Yanik Silver’s “Underground 8” Internet conference learning a ton and meeting a lot of great people. I hope you are having a terrific week and that your March is off to a great start! My post on...
Til Debt Do Us Part…

Til Debt Do Us Part…

Last week the United States debt to GDP ratio quietly hit 101% for the first time, moving us solidly over the 100% mark (hit on January 30th of this year) and bringing us ever closer to countries like Greece (168%), Italy (121%), Ireland (108%), and Japan (233%)....
What Is Money? (Part 3)

What Is Money? (Part 3)

(Part 1: History of Money) (Part 2: Fractional Reserve Banking, You, John, Steve, Sarah) (QnA: Inflation) We left off on our juicy story of money with the basics of fractional reserve banking under a gold standard, using our example of you, John, Steve, and Sarah and...