Over the weekend, the value of one bitcoin dropped from a little more than $1,200 down to $990 (at the time of this writing). Bitcoins have been capturing business headlines because of its volatility and immense fluctuations – in January, a price of one bitcoin was trading at around $10. With many proponents arguing that […]
Archives for 2013
Sorry, Pope Francis, capitalism and free markets help the poor more than government
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 […]
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 […]