The major boom in Bitcoin has been nothing short of dramatic. What is fascinating is the quick run it has had in 2013 where it seems that all things are going up in value; real estate, stocks, and digital currency. One of the big reasons for the recent run has been the mainstream expansion of […]
The Euro doesn’t seem to be responding all that well to the $1 trillion Euro bailout. First, you have countries like Greece that if they had their own currency, would simply devalue their currency and try to make their economies more competitive. But with the Euro you have countries like Germany with much larger economies […]
U.S. Dollar and the 1971 Shock: How Going off the Gold Standard is now Coming Back to Harm the U.S. Dollar. The 40 Years Spending Spree.
The U.S. dollar has been on a wild rollercoaster ride for decades. Most Americans rarely concern themselves with currency markets or larger macro economic trends. Yet this is such an important financial area to understand since Americans are paid in U.S. dollars. It is fascinating to understand why the U.S. went off the gold standard […]