Overstock.com CEO Patrick Byrne discusses Bitcoin and the fears of central planning economist Paul Krugman who claims Bitcoin is evil.
Byrne says “Krugman did some great work before he went crazy” he then goes on to explain his hope that Bitcoin can destroy central banking.
Paul Krugman's article can be read here
Thursday, January 16, 2014
Jim Willie -This Year's Currency Explosion
From Greg Hunter
Published on Jan 12, 2014
Dr. Jim Willie, Editor of the Hat Trick Letter, predicts, "This is the year we have the currency explosion." Don't think Obama Care is going to make things easier. Dr. Willie thinks, "It will be 100 times the nightmare than you think it might be. . . . Obama Care is a big plan to track people, both their money and their bodies, like a bunch of herded animals. This is going to manage death of the individual and manage death of the economy." Join Greg Hunter as he goes One-on-One with Dr. Jim Willie of GoldenJackass.com
Published on Jan 12, 2014
Dr. Jim Willie, Editor of the Hat Trick Letter, predicts, "This is the year we have the currency explosion." Don't think Obama Care is going to make things easier. Dr. Willie thinks, "It will be 100 times the nightmare than you think it might be. . . . Obama Care is a big plan to track people, both their money and their bodies, like a bunch of herded animals. This is going to manage death of the individual and manage death of the economy." Join Greg Hunter as he goes One-on-One with Dr. Jim Willie of GoldenJackass.com
Australian Dollar falls on the back of bad jobs numbers
From smh.com.au
The Australian dollar fell almost a cent to a 3½-year low of 88.09 US cents after the data was released.
"[The] disappointing jobs growth reflects how businesses have been slow to respond to RBA rate cuts," Moody's Analytics associate economist Katrina Ell said.
"The unemployment rate doesn't adequately capture weakness in the labour market due to outsized growth in part-time positions and falling participation. Unless the Australian dollar falls further the RBA will be forced off the sidelines."
Read more: http://www.smh.com.au/business/the-economy/economy-sheds-more-than-30000-fulltime-jobs-20140116-30w6a.html#ixzz2qWONmY4C
The Australian dollar fell almost a cent to a 3½-year low of 88.09 US cents after the data was released.
"[The] disappointing jobs growth reflects how businesses have been slow to respond to RBA rate cuts," Moody's Analytics associate economist Katrina Ell said.
"The unemployment rate doesn't adequately capture weakness in the labour market due to outsized growth in part-time positions and falling participation. Unless the Australian dollar falls further the RBA will be forced off the sidelines."
Read more: http://www.smh.com.au/business/the-economy/economy-sheds-more-than-30000-fulltime-jobs-20140116-30w6a.html#ixzz2qWONmY4C
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| Chart from xe.com |
Australian Employers Unexpectedly Reduced Workers
Jan. 16 (Bloomberg) -- Australian employers unexpectedly cut payrolls in
December, reviving the prospect of further interest-rate reductions as
mining investment wanes. Paul Allen reports on Bloomberg Television's
"First Up."
Marc Faber discusses Bitcoin and Gigantic Asset Bubbles
Jan. 14 (Bloomberg) -- Marc Faber, publisher of the Gloom, Boom & Doom report, talks about the impact of Federal Reserve policy on the global economy, Bitcoin and financial markets. He speaks with Trish Regan and Adam Johnson on Bloomberg Television's "Street Smart."
Big precious metals themes for 2014
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