Another boom and another crash. The story of Bitcoin has been a roller coaster ride of rises and falls to say the least. People have watched in awe as Bitcoin has catapulted higher in recent weeks yet this was not meant to last. Once again, as it has so many times before, Bitcoin has suffered a serious setback, falling roughly 31% overnight!
Read More »Russia Is Hoarding Gold – Economic Warfare With U.S. Looms As A Result
Currently, Russian gold reserves rank 7th in the world. It’s clear that there is a concerted effort by Russian authorities to build up the country’s gold reserves as part of a national strategy to negate the effects of economic warfare waged by the United States.
Read More »Major Devaluation Of Yuan Expected In 1-2 Years – Here’s Why
I think the Chinese are devaluing the yuan in slow motion but when they realize that the shadow banking system will tighten credit at the worst possible time - just when the PBOC is actively fighting such tighter credit conditions - they are likely to devalue the yuan by a much larger and less orderly amount.
Read More »American? Here’s How to Play the Upside of the Canadian Dollar
The Canadian dollar/U.S. dollar exchange rate would appear to have a lot more upside than downside potential. This articles illustrates that point of view with charts and puts forth suggestions on how to play the coming upside.
Read More »New Global Reserve Currency (SDR) Poised To Replace USD
Last December the IMF announced that the Chinese yuan would be included in the basket of currencies used to determine the value of a new global reserve currency called the Special Drawing Right (SDR), or world money. Now, less than four weeks following the G20 Summit, the yuan will officially join the SDR making up over 10% of the SDR. With China onboard, the SDR is poised to become the de facto global reserve currency.
Read More »Mexican Peso Collapsing Against U.S. Dollar – Here’s Why
It’s no longer a question of when the peso will breach the once unheard-of level of 20 to the dollar. It’s when.
Read More »U.S. Dollar to Strengthen into 2017 – Here’s Why
The chart below shows the US Dollar Index value during the past 44 years (1972-2016). It is imperative to notice the two peak values occurred 16 years apart (1985 and 2001), when the US dollar had soared +101% and +50%, respectively. Consequently, if one assumes the 16 year cycle will indeed repeat, then the greenback may well again rise to a peak in 2017. Moreover, if we assume the US$ could rise the average of the two previous peaks, then we might see it peak next year (2017) to +75%.
Read More »The U.S. Dollar Is Toast – Sell! Here’s Why
As I've argued several times, the dollar is simply toast....The signals continue to shout a clear "Sell!" Here's why.
Read More »Bitcoin Will Revolutionize Gambling – Here’s Why & How (+2K Views)
Not many people know much about Bitcoin but it is growing and seems set to take over the world of online gambling. Here's why & how.
Read More »Canadian Tire Money & Other Unusual Money Alternatives (+3K Views)
The rise of alternative payment methods like Bitcoin and Apple Pay has reduced our everyday reliance on cold, hard cash. With that in mind, we took a look at some of the weird and wonderful things that have been used as alternatives to money around the world, some of which are still in use today.
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