The latest fad in the world today seems to be lambasting capitalism and free markets. Any time someone speaks in favor of capitalism and free markets, opponents tend to label them as individuals who detest poor people, are racist and devour babies. Of course, most of those who denounce free markets are economic illiterates who […]
Archives for November 2013
200 retailers offering bitcoin deals for Black Friday
It’s that time again: Black Friday. This day usually portrays the American consumer feeding in useless items that they do not even need. There have been many videos over the past few years depicting these customers fighting each other, screaming for the latest junk and waiting in long line-ups when they could be at home […]
Infographic: Is there a retirement crisis?
The retirement crisis has been widely reported on this website over the past year. Whether it’s inflation, debt, jobs or the rising cost of living, a lot of Baby Boomers entering retirement will have a difficult time in these golden years. However, what about Generations X and Y? Will they even have a retirement. This […]
Peter Schiff says bitcoin has no intrinsic value
Economic Collapse News reported Monday about Federal Reserve Chair Ben Bernanke’s take on virtual currencies, such as bitcoins. Now, Peter Schiff, president of Euro Pacific Capital, brings his views on bitcoin in this new 12-minute video titled “Bitcoin vs. Gold.” In the video, Schiff highlights the benefits of bitcoins and how it has some similarities […]
Ben Bernanke on virtual currencies: They ‘hold long-term promise’
Last week, exiting Federal Reserve Chair Ben Bernanke penned a letter to United States senators to give his thoughts on bitcoin and other virtual currencies. Bernanke has distanced himself from the topic for years, but has now come out confirming that the central bank cannot regulate virtual currencies and added that bitcoins and others like […]