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Economy Money

What Happened in 1971

We examine what happened in 1971 and why money has value. In addition, we will also look at purchasing power, inflation and compare the value of the dollar over several decades. President Richard Nixon’s actions in 1971 to end dollar convertibility to gold and implement wage/price controls were intended to address the international dilemma of […]

Categories
Economy Money

Will Fedcoin Replace The US Dollar?

A new central bank digital currency (CBDC) is coming to the United States that many are calling “Fedcoin.” Fedcoin is the new digital currency created by the Federal Reserve Bank of the US, which features it’s own digital wallet. Will Fedcoin replace the US Dollar? In addition, learn how the new digital currency is different […]

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Cryptocurrency

How Bitcoin Will Fail

There are many possible ways how Bitcoin will fail. In fact, in the past 10+ years, many well-known investors have made the arguments for how Bitcoin will fail, citing varying reasons. Here are some of the reasons put forward by Bitcoin’s opponents as to how Bitcoin will fail. How Bitcoin Will Fail Bitcoin has been […]