-
My wife and I save on a regular basis. I personally love the idea of owning precious metals, and do purchase them often. We're throwing around the idea of keeping all or at least most of our cash above our emergency savings in precious metals. On one hand, I can see a huge safety net in converting...
-
Hello all, I am having a time comming up with a simple explanation of what dollar index (trade weighted index) is. First there is my limitation, as I am not that familiar with it. Second, the only definition I have is from WikiPedia which is a little vague. First question that comes to mind about the...
-
Well hello peoples. I am increasingly amazed at the harsh criticism Bitcoin has gotten from Austrian economists. Everyone is all hot and bothered about the fact that Bitcoin does not have any physical backing. So here's an experiment: Imagine that tomorrow someone releases a website called GoldBackedBitcoin...
-
I have been away some time but I have worked on something interesting. It is the Natural Money Bomb. Here it is: The Natural Money Bomb is weaponised superior efficiency that will wreak havoc and create chaos in the financial system. It will bring down the banks and Wall Street when it is used. The core...
-
Hey guys, So, I'm quite new to the Austrian school of economics. I've been a libertarian for quite some time, now, but my arguments have usually been based on the philosophy/moral side of things (primacy of the individual/taxation is theft, that sort of thing). My understanding of the Austrian...
-
I'm currently reading Currency Wars by James Rickards. In it, he says that one way for a nation to boost its exports is to depreciate its currency by printing money. For example, let's say that the price of a German car is 20,000 marks or 20,000 US dollars. And let's say the exchange rate...
-
I just read this article http://mises.org/daily/4256 I understand most everything in it and it makes sense but I am stuck on one spot and it might just be my brain jumping around on too many other things. "By making Chinese goods cheaper through inflation, the People's Bank of China is effectively...
-
I have been trying to convince my parents to put their money into precious metals for the past few years, however, they have continuously refused to do so. After recent events with the Euro they have finally agreed that they need to geet their money out of the Euro, but they are only willing to put their...
-
I'm not even at the 101 stage of economics understanding, so forgive me if my question sounds simplistic or naive! I'm just wondering why, with some of the uncertainty and doubts over some currencies (eg, the euro) and money systems (like sterling and the Bank of England), can't individuals...
-
By the looks of it, the economy is only going to get worse (part of the reason why I'm taking up a survivalist platform and buying gold/silver and learning primitive/hunter-gatherer skills). When do you think it will collapse for good?