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Kenneth Schortgen Jr.

Chinese currency moves ahead of Euro in international trade

The Chinese Yuan made a game changing move on Dec. 2 as it surpassed the Euro in international trade and became the second most used currency in global transactions, rivaled only by the U.S. dollar.  Just five years ago, the Yuan had zero presence in international trade finance, but within that time, the currency has skyrocketed in acceptance and is primed to perhaps become the next global reserve currency. ...

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As predicted, Black Friday sales down more than 10% from last year

Amid all the shouting, pushing, slashing, and even shootings that have taken place during this year's Black Thursday and Friday ritual, one vital thing has been missing for many retailers. Sales. Sales on Black Thursday and Friday are down more than 10% from last year, and while many analysts predicted lower numbers for the 2013 shopping season, many did not foresee a drop of this magnitude. U.S. consumers ...

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Gold reserves could be next evolution of digital currencies

The biggest argument against digital currencies like Bitcoin has always been that it is backed by nothing.  This of course is a fallacious argument as every sovereign currency in the world today is backed by nothing except the political and military power of their governments. But what if the primary argument against digital currencies is negated by backing it with a recognized commodity such as gold?  This ...

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European financial crisis begins to percolate heading into Christmas

2013 will go down in history as the year of currency wars and central bank domination over the markets.  During this year, nearly every sovereign economy has implemented some form of money printing policy which have boosted their equity markets, but masked the growing inflation and rising unemployment that invariably follows such courses of action. However, as we lead into the final month of 2013, and the r ...

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U.S. military caught being involved in theft and piracy

When it comes to the State, the paradigm is always, do as we say, not as we do.  And while American citizens and businesses are held financially and criminally accountable for breaking copyright and piracy laws, it appears that these actions are perfectly fine for the U.S. military. While the Obama administration’s has launched efforts against intellectual property theft - including the Joint Strategic Plan ...

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Mayor of London publicly gives his allegiance to the elite

The office of mayor in nearly every city in the world is manned by an official who is voted into office by the people they are expected to represent.  Quite often however, like in the case of New York City's Michael Bloomberg, these officials prove through their actions that their allegiance lies in the forwarding of personal agendas, or in many cases, pandering to those in power in the corporate world. The ...

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Bitcoin $1000! Digital currency crosses threshold one day before Thanksgiving

On Nov. 27, just one day before America celebrates its annual Thanksgiving holiday, Bitcoin smashed through the $1000 USD barrier to have an inter-day value of $1020 USD.  This steady climb of more than $500 USD since its volatile shakedown one week ago, is continuing to validate the popularity and strength that a stateless digital currency provides. Within the past two days, two major events took place for ...

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China tests a weakened America by setting a no-fly zone over disputed territories

Over the last year, China has maneuvered pawn after pawn against the United States, testing their will, might, and fortitude to stand fast as a global superpower.  On Nov. 24, China increased the tensions by moving an even bigger piece to the front of the board, by declaring a no-fly zone over several disputed islands in the East China Sea. Japan and US are outraged after Beijing has declared eight uninhabi ...

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Jim Rogers: Fed will self-destruct while politicians remain ignorant

On Nov. 18, billionaire investor Jim Rogers sat down for a long interview with Russia Today to discuss everything from gold, to Bitcoin, and even the Federal Reserve.  During the 28 minute discussion, Rogers noted on a number of occasions that everything financially is 'floating on an artificial ocean of printed money', and that the "Fed is on course to self-destruct before the politicians realize what is g ...

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The wages of sin are poverty… and taxes.

On Nov. 23, an institution that provides educational direction and material for students interested in careers in the field of Accounting published a chart on just how much government agencies, both at the local and Federal levels, collect in revenues each year from what are termed, 'sin taxes'.  These sin taxes range anywhere from alcohol production and consumption, to gambling and lotteries, and the bigge ...

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Obama’s destruction of coal plants lead to 42% increase in electricity prices

When President Obama engaged in his crusade to destroy the coal industry in America, he ignorantly, or knowingly, set in motion a course for price hikes in electricity, especially in areas like the East Coast.  In 2012, coal producing plants equated for 44% of the nation's electricity production, and ironically, after President Obama closed down 175 coal plants since 2012, this year's costs for electricity ...

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Largest university in Cyprus to allow tuition purchases in Bitcoin

The quickest way to change the minds of investors when it comes to the viability of Bitcoin is to have the digital currency suddenly be accepted in the mainstream.  That day has arrived in of all places Cyprus, where the the largest university in the Eurozone nation has officially announced that they will begin accepting Bitcoin as payment for the purchasing of tuition for their students. University of Nico ...

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