Last week, China prohibited financial institutions from facilitating bitcoin transactions. Since then, Chinese vendors that jumped on the bitcoin bandwagon over the past few months have now ceased accepting bitcoin payments. These moves caused bitcoin to fall below $600 over the weekend, but it did gain ground during the start of Monday and is now […]
Archives for December 2013
Video: Ron Paul says he isn’t buying bitcoins, warns it could bring down the dollar
Reiterating as to what he stated last week, former Texas Republican Congressman and three-time presidential candidate Ron Paul warned that bitcoin could be a participant in bringing down the United States dollar. In the interview with the Fox Business Network, Dr. Paul also talked about the Federal Reserve and fiat money. Here are some key […]
Jim Rogers warns the global economy will collapse, abolish the Fed
The fundamentals of the global economy are not sound: central banks worldwide are printing vast amounts of cash, federal governments are accumulating astronomical sums of debt and the stock market is relying on monetary stimulus. Is the global economy on the verge of collapse? One financial guru says yes. Speaking with the CBC’s Lang & […]
Infographic: Can saving money make you happy?
At this time of the year, not a lot of people are saving money. Instead, most consumers are spending their free time with their disposable income (or credit cards) at the mall or online buying gifts for family, friends, colleagues and neighbors. Indeed, it is a very stressful and costly time for millions of people. […]
Government At Work: Federal agency still using floppy disks
A report from the New York Times once again highlights the lack of adaptation to the modern day world. The article notes that a federal agency in the United States today still uses groundbreaking technology of the 1980s and early 1990s: floppy disks, 3.5-inch plastic storage squares. That’s right. The Federal Register, a government agency […]