Why Bitcoins Have Doubled in Value

At $43 US, the Bitcoin has more than doubled in the last twelve months.  According to Zero Hedge, this mainly relates to a 55 page report the European Central Bank published in October, expressing concern that the bitcoin’s popularity represents a potential threat to the reputation of central banks. Besides greatly increasing public awareness about […]

The Herd Of Elephants In The Corner

NPR was about to explore the dangers of a “protective tariff” that was just passed on goods from countries with state controlled currencies.  Specifically, that would be China.  Because China keeps their currency “low” relative to the dollar, that makes Chinese goods cheaper than American goods.  It makes it easier for Americans to buy Chinese […]