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How can a country work without a central bank?

With the exception of just a small handful of countries (Andorra, Panama, Monaco etc.), civilians will have grown up under the economic influence of a central bank. An organisation which in effect, takes full national control of money, currency and economic...

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Bitcoin and Austrian Economics

Bitcoin is a peer to peer electronic version of currency which can be transferred between individuals without the need to involve a financial institution to act as an intermediary. There is an element of the system which relies on a reference to public record...

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What is the petrodollar system and how does it impact the world economy

Petrodollar is simply the U.S. dollars paid to any oil-exporting country in exchange for crude oil. To ensure availability of crude oil, the United States patronizes many oil-exporting countries. Over the years, the United States has purchased oil from so many...

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Can Cryptocurrencies Replace Western Union?

The need for a reliable and affordable global money remittance service has never been greater than it is today. With an increasing number of immigrants, migrant workers, and foreign students, efficient, affordable cross-border money transfer is more necessary...

Gambling or Investment: The Truth about Bitcoin & Cryptocurrency Trading

Between 2014 and 2018 the price of Bitcoin rose by up to 23 times mainly due to its growing popularity at that time. With those astronomical prices, early adaptors of the cryptocurrency are thought to have made incredibly huge amounts of profit. A report in...

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Digital Stocks vs Traditional Stocks – Difference and Impact on Global Economy

The debate on Digital Stocks vs Traditional Stocks continues to drive conversations in the investment circles with no clear winner as to which is better. While the fundamentals involved are similar, there are major differences between digital stocks and traditional...

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