Now that the Chinese Communist Party Congress is over (it ended in late October), President Xi of China is more powerful than ever and ready to take strong measures to clean up inefficient state-owned enterprises (SOEs) and dangerous shadow banks. That cleanup task has now begun. On the one hand, it’s necessary to weed out
As the author of The New Case for Gold, I receive frequent invitations to speak at precious metals conferences around the world. I enjoy doing these events because I like meeting people and I learn a lot by interacting with the attendees. Lately, the event sponsors have insisted that my participation include some comment or panel participation
Click here to see a fascinating look behind the curtain of bitcoin trading. The author and several experts estimate that perhaps about 1,000 people control 40% of all the bitcoin in existence. The market capitalization of bitcoin was $322 billion as of Dec. 17 using a price of $19,210 per bitcoin. (Who knows, the market cap
The article above discusses how the war on cash has turned into a war on gold. But cash and gold are not the only forms of money in the regulators’ cross hairs. This article describes how bitcoin and other cryptocurrencies are also getting the bum’s rush from regulators. Click here to see new EU regulations require greater
The war on cash is nothing new. It has been going on in various ways since the late 1960s. That’s when the U.S. banished the $500 bill and left Americans with the $100 bill as the largest-denomination note. Since then, the dollar has lost 80% of its purchasing power, so a $100 bill in 2017
