Archives for February 2014

Janet Yellen: Fed can’t regulate bitcoin but ‘we’re looking at this’

Soon after West Virginia Democratic Senator Joe Manchin urged Treasury Secretary Jack Lew and Federal Reserve Chair Janet Yellen to ban bitcoins in the United States, Yellen delivered testimony to the Senate Banking Committee on Thursday in which she … [Read more...]

Ukraine to receive $1 billion loan guarantee from U.S.: John Kerry

Amid a crisis in Ukraine and the Eastern European country proposing a top economic legislator as the next prime minister, United States Secretary of State John Kerry announced that it is planning a $1 billion loan guarantee to Ukraine. The U.S. will … [Read more...]

U.S. Senator calls for bitcoin ban

This week, Mt. Gox, one of the world’s biggest bitcoin exchanges, went dark and could very well be insolvent. Apparently, the collapse of Mt. Gox has caused a large number of investors to lose approximately $320 million. In addition, one leaked … [Read more...]

Dollar collapse likely as ECB projects rise in China’s yuan

Financial experts and ardent supporters of the United States dollar like to compare the greenback to other weak fiat currencies to show it still has power. However, a recent report from the European Central Bank (ECB) suggests the dollar might not … [Read more...]

Economic illiteracy is the problem with minimum wage proponents

It’s quite understandable that many public officials, union leaders and anti-poverty activists are illiterate when it comes to economics. However, a paucity of elementary understanding can lead to long-term consequences and ramifications for the … [Read more...]

Report: Obamacare will cause higher premiums for 11 million small business workers

Is this more bad news for President Obama? The Centers for Medicare and Medicaid Service (CMS) stated in a new report that Obamacare will cause health premiums to soar for about two-thirds of Americans who happen to work for small businesses. The … [Read more...]

Chart: Coffee prices surge 20%

According to the Federal Reserve and its apologists, there is no price inflation. However, the data begs to differ and this chart from FinViz highlights that coffee prices is one of the many elements in society that have indeed surged in recent … [Read more...]

The Technology of Dogecoin – How to send, receive dogecoins

The technology behind dogecoin isn’t that much different than the technology behind bitcoin or litecoin. It still requires software installation, a wallet and a little bit of knowledge in relation to cryptocurrencies. Once you follow the steps … [Read more...]

Peter Schiff: Gold more bullish under Yellen than Bernanke

Gold has captured the spotlight again after making significant gains so far this year. After starting off the year at around $1,200, it has risen to as high as $1,340. Is this because of new Federal Reserve Chair Janet Yellen? According to Peter … [Read more...]

Public sector cutting hours to avoid paying insurance under Obamacare

Much like the private sector has been doing over the past two years, the public sector across the United States is slashing hours for their employees in order to avoid paying healthcare coverage mandated under Obamacare, according to a report from … [Read more...]