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Hello, I'm an American student, currently studing intensive Mandarin in Beijing. In addition to language study, I am also doing a semester-long research project on China's effect on the U.S. Dollar. It would be most helpful if anyone could point me in the direction of any Chinese economists of...
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GATA has released emails a London trader sent the CFTC. http://gata.org/node/8466 Very powerful stuff. I doubt changes will be made.
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Has anyone else read the recent article in Wired Magazine entitled "The Future of Money?" It was actually the cover story, so I flipped it open eagerly. It was about PayPal, and new forthcoming innovations such as payment-through-twitter, and other schemes for cutting out the middlemen of credit...
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Foreigners continue purchase these freshly printed paper US Bonds (at a discount from face value or CV) only because these US bonds can be redeemed by purchasing title to privately owned land, hotels, farms, businesses, casinos and other assets that were created by previous generations of US citizens...
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China is stepping up research of particle accelerator on its own, according to reports from the ongoing 2nd Asia Accelerator Conference. It is said that the Institute of High Energy Physics under the Chinese Academy of Sciences is making an active effort in design and research of positive-negative electron...
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The US government does not really borrow US dollars from US banks to pay for its expenses. The US congress passes laws that authorize Federal Reserve Board (via Chairman Ben Bernanke) to buy some paper and then print a bunch of new interest bearing paper currency instruments in varying amounts with the...
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Can "saving" only involve money/currency?? In an economic sense, can it also apply to labour, and time?? If you start fundamentally defining what money actually is i think saving actually refers to your labour and time. What are your thoughts??
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Ya'll, If there's anybody still watching this post, I'd like to follow up with some questions. (1) An elementary question: when one refers to X buying Y's debt, what exactly does this mean? In the case of the U.S. and China? Is this private debt, public debt, or both? (2) How is China...
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According to my understanding, the raw materials used to make pennies and nickles are both worth more than their fiat value. If people were to destroy these en masse and sell the materials, would there be wealth created (or better yet, recreated), due to the increase of raw materials and deflation?
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MUST WATCH the Continental Convention 2009!!! Increadible! I was crying while watching the opening ceremonies. And the speaches are great. Not all the speakers are great speakers, but the information is fantastic. All the representatives were elected by their States. It's at www.cc2009.us Strangely...