China is backing off it’s USD feast saying that it has had quite enough for now. http://www.bloomberg.com/news/2013-11-20/pboc-says-no-longer-in-china-s-favor-to-boost-record-reserves.html “It’s no longer in China’s favor to accumulate foreign-exchange reserves,” Yi Gang, a deputy governor at the central bank, said in a speech organized by China Economists 50 Forum at Tsinghua University yesterday. With China buying less American debt,… Continue reading Another Salvo from China in the Currency War
Month: November 2013
Peter Schiff on Gold vs. Bitcoins Misses the Point
Peter Schiff is absolutely one of the smartest guys out there, and I have a lot of respect for him. However, he’s still missing the point about bitcoins and how they have intrinsic value. But first, here’s his most recent video on the topic: Peter is stuck on how gold has intrinsic value through physical… Continue reading Peter Schiff on Gold vs. Bitcoins Misses the Point