The U.S. dollar is still the world’s reserve currency. But it faces increasing threats. One threat is its own doing; it’s called the “dollar trap.”
Investing in Bitcoin isn’t as easy as investing in stocks – right now.
But the arrival of the Winklevoss Bitcoin ETF – an exchange-traded fund developed by twins Cameron and Tyler Winklevoss – will change that.
The U.S. dollar has been the world’s de facto reserve currency for almost 90 years.
But this financial dominance may be nearing its end.
Friday another Bitcoin milestone was reached, as it is the first day that Internet retailer Overstock.com (Nasdaq: OSTK) started accepting the digital currency as payment.
Central banks may have foolish policies, but central bankers are no dummies.
China is the world’s second-largest economy, a simple fact that underscores the importance of its financial health to investors worldwide.
And unfortunately, thanks to China’s subprime crisis, it’s not doing as well as we’re led to believe.
Nearly everything you’ve heard about China’s currency, the yuan, is dead wrong. It’s not undervalued and it’s not undercutting the U.S. dollar as the financial press and politicians like to point out. I’ll show you why.
You likely heard that China recently reported it had grown just 7.5 percent in the second quarter of 2013, the lowest level in over three years.
What you likely don’t know is, more than half of that growth came from wasteful infrastructure and property investments, such as this: http://www.ibtimes.com/worlds-largest-building-new-century-global-center-opens-chengdu-china-1330585.
China uses government investments as the main channel to pump money into its economy. The resulting monetary growth makes the Fed’s quantitative easing seem like child’s play.
This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. If you have any illusions, put them aside…
This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. The world may not be engaged in a…
This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. Nobody was really shocked when Venezuela devalued the…