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This compilation of financial-related insights includes videos from Casual Scholar, Ron Yates, Wise Flys, and Lynette Zang.
Quick Summary:
A video from Casual Scholar explains how Bangladesh is becoming the richest country in South Asia. Ron Yates provides some news about Wells Fargo. Wise Flys talks about Congress agreeing on a Social Security reform. Lynette Zang mentions an IMF report that unmasks the global z****e corporation epidemic.
Casual Scholar
Jun 25, 2023
Bangladesh was always supposed to be poor. At the dawn of its existence it was already a failing state. Not only did the war of independence destroy nearly every farm, factory, road and bridge, but it came just 4 months after Bangladesh was hammered with the most destructive tropical cyclone in record history. Yet, even more daunting was the reality that Bangladesh, deprived of considerable natural resources, habitually subjected to catastrophic natural disasters, and haunted by perpetual and often v*****t political instability, seemed devoid of a clear path toward making things better. It was a widespread perception that Bangladesh was destined to be forever synonymous with poverty and suffering, earning it the unflattering label, as an “international basket case”.
But Astonishingly, against all conceivable odds, the past three decades have seen the country achieve, perhaps the most significant advancement in quality of life indicators of any place in the world, ever. Life expectancy has soared by 180%, while fatalities from tropical cyclones have been reduced by a staggering 100-fold. Poverty rates have dived from 80% to less than 19, while the child mortality rate has been cut by 92%. Its economy has emerged as one of the fastest growing in the world, with its GDP per capita once 50% less than Pakistan’s now almost 50% higher. And In 2019, it overtook even India, all while harboring aspirations of reaching high-income status by 2041. But how can a nation with all the odds stacked against it improve at such a blistering pace, Is this truly another economic miracle or a mirage that will painfully wither away.
Ron Yates
Jun 28, 2023
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WE DEFINITELY DIDN’T SEE THIS COMING FROM WELLS FARGO!
Wise Flys
Jun 29, 2023
FINALLY! CONGRESS AGREES ON SOCIAL SECURITY REFORM! SSI SSDI VA Payments | Social Security Update
ITM TRADING, INC.
Jun 29, 2023
We’ve talked a lot over the years about z****e companies, those companies that have not been able to make any principal payments, let alone all of their interest payments for at least three years. But the banks and other lenders don’t want that to show up on their books. So they loan them the money so that they can at least make most of their interest payment. And then any excess goes on. And so what they’re really growing is more and more and more debt. Well, the IMF just came out with a report on it. And I think you really need to know about it. Coming up.
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