By Tien Nguyen Bitcoin has been a significant innovation of electric money for the past five years and with a fascinating and breakthrough characteristic, it is undoubtedly true that Bitcoin is marking a whole new turning point in money’s features, particularly in money transaction. Bitcoin is the first decentralized digital currency and compared to other […]Read More
The voices of future scholars.
With savings rates at historic lows and budget deficits at historic highs, it makes little sense that interest rates should remain this low for this long. While the Federal Reserve has received much praise for keeping rates low with its Quantitative Easing program, the congratulations rightfully belong to the European debt crisis. It is […]Read More
By Devin Roundtree With so much havoc among European nations, Turkey has attracted headlines recently as Europe’s fastest growing economy and the remaining shining star of investment grade on the continent. Though, as CNBC reported, rising oil prices threaten the country’s economic outlook. When it comes to oil dependence, Turkey upstages even the U.S. by […]Read More
This must be more evidence of Bernanke’s “tradition.” The Olympics may be over, but central banks around the world have begun a race to buy gold and are doing so at the highest level in decades. The World Gold Council recently announced that central banks officially bought 157.5 tonnes of gold, equivalent to just over […]Read More
A rose by any other name would smell as sweet, but a steak tastes not as sweet – if it’s a cut of horse meat… The new CPI calculations are designed to further disguise inflation and the erosion of your standard of living. Last month, the Bureau of Labor Statistics announced that they have enough Congressional approval […]Read More
By Devin Roundtree Due to May’s disappointing unemployment numbers, Wall Street investors are again debating if the Federal Reserve will provide another round of Quantitative Easing. Yet nobody is recognizing the obvious; QE3 already exists. Ben Bernanke’s openness to the media has made people forget how secretive the Fed really is. Austrian economist Murray Rothbard […]Read More