Category: Investing

Investing

To Save America, The Dollar Must Lose Reserve Currency Status

Will the dollar lose reserve currency status? For the good of the country, it must. From The Washington Post: The new China International Payments System (CIPS), which is set to debut before the end of 2015, has been described as a “worldwide payments superhighway for the yuan.” What the creation of such a system means in the short-term is that the Chinese currency (officially known as the renminbi) has the potential to become a truly international, convertible currency and a more attractive currency...

Heritage Foundation Economic Freedom Index for 2015

I’m really big into the idea that you shouldn’t invest in countries that are corrupt. It is has always been true in my travels that the more corrupt a country is, the worse place it is to live and do business. Visit them and have fun, but don’t send them a penny of your money if you can avoid it. You can’t fix a broken culture no matter how much money you dump into it. What’s likely to happen is your money...

How To Go Broke In Two Easy Steps – Leverage and Trading Currencies

Here are two easy steps to follow if you want to go broke when investing: Step 1: Use Leverage Step 2: Trade Currencies Swiss Franc Shock Shuts Some FX Brokers The Swiss franc decoupled from the Euro yesterday. This isn’t going to be a Schadenfreude post, but I wanted to say a few things. The Swiss marrying the Euro with a currency peg was a stupid idea and I’m happy to see they ended it. It will be painful to Swiss exports...