Is Africa's future currency the RMB?

A question of significance regarding the global economy for the next 30 years is how the reserve currency status changes over time. As of Q4 2013, the USD is used for 80% of global trade settlement. However this is changing.

Along with the continued deterioration of respect for America around the world due to war and spying, the USD is becoming less desireable for foreign trade. In Chinese-speaking Asia, the Chinese RMB is increasing in popularity between governments, specifically Hong Kong and Singapore. Asia will become more and more dependent on the RMB for trade, but there are other regions that are up for grabs.

Bitcoin is completely misunderstood

I've been a Bitcoin advocate for a while now. Yes, the USD value rose 10x in the past two months. However, when Bitcoin goes parabolic, I tend not to report on it. The USD value has been stable for a short while and had a mini-crash today $1150 to $850, so I feel ok writing about it. The mainstream media puts out hundreds of articles when it rises. Much of the information is wrong and the writers lack basic understanding of what Bitcoin is.

Third world rules

The third world plays by different rules than the second or first world. Let's see how...

Bitcoin, just die already!

I'm a Bitcoin guy. I believe in the liberty from fiat that Bitcoin provides. I am sold on the concept of having no central authority that has the power to devalue currency. I believe that Bitcoin is the solution to the payment problem that startups have been working on for a decade. It is too expensive for business owners to get paid.

We have credit card companies taking 3% off the top of our revenues. Credit cards are the major method of taking customer money in America and the real costs of taking credit cards can end up being 7-10% after considering equipment costs, start-up costs, transaction charges, and end-of-month fees. This is ridiculous and needs to end. Bitcoin solves the problem. Up to the current $2.3B market cap of Bitcoin, payment fees on unlimited purchases are essentially zero. No central agency can take a cut. Bitcoin is the most revolutionary thing to come to money since the advent of paper currency. It is money in the digital age.

Minimum wage misery

There is currently a media storm over the minimum wage. McDonalds workers in the US are complaining about their $8.25/hour wages and want $15/hour. The mainstream media is currently putting out articles about the suffering of hardworking employees earning low wages. What's the real story behind the wage situation in restaurants and retail where much of America works?

Bitcoin is Dead, Long Live Bitcoin

The US government has done what they do best, plunder from those who create freedom. They have taken the creator of Silk Road, the online drug marketplace, into custody and stolen his money and business. It was just a matter of time.  Even Dread Pirates Roberts the pseudonymous Silk Road founder knew his day would come the moment he gave an all access interview to Forbes. He will go down a martyr, just like WikiLeaks founder Julian Assange or Edward Snowden who reported the US government's spy program to the world. Silk Road is THE representation of Bitcoin to the government, the mainstream media and to consumers.

3 charts you need to see to believe

JUNE 21, 2013:

Ben Bernanke is signaling that the end of US quantitative easing is coming.

The Australian Dollar dropped to below .92 US Dollars after being at 1.06 in April.  

China's LIBOR spiked to 13.4%.

Gold dropped 6% in one day!