Chinese Currency: Just Owning The Renminbi Is Better Than A Savings Account!

I have a pet peeve… And yes, I know that doesn’t make me special. You probably have a few yourself. Mine has to do with the financial mis-information that is perpetually spouted by main stream media and their ilk. I continue to see articles and broadcasts that promote saving money as an actual way of […]

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Will We Have A Currency War?

Well… Maybe if you asked me prior to the G20 meeting this past week I would have been in the camp that believed we would. But, now I am not so sure. Today the G20 agreed not to devalue currencies to boost exports… This threw a wet blanket on the notion of currency war. The […]

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The Federal Reserve’s Mandate

The Federal Reserve Act of 1913 is the legislation that originally legalized the formation of the Federal Reserve. It was born out of the fear that ensued during the “Panic of 1907” in which the markets fell 50% and large depositors pulled money from banks. This run on the banks created massive public riots and […]

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