China leaves US behind as world’s top trader (Jan 2014)

chinese_economy

Source: RT – China leaves US behind as world’s top trader

Source:

For the first time in centuries China has overtaken the US as the world’s biggest trading nation, with total trade standing at $4.16 trillion in 2013.

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What Happens When A Central Bank Goes Bust (Jul 2013)

economic_collapse

Source: Sovereign Man – Here’s what happens when a central bank goes bust

Over the past several decades, people around the world have become so brainwashed that few people really give much thought anymore to the safety of their currency.

It’s not something people really understand… there’s apparently some Wizard of Oz type figure at the top of the hill pulling all the levers of the monetary system. And we just trust them to be good guys.

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Quote Of The Week – Ludwig von Mises

“True, governments can reduce the rate of interest in the short run. They can issue additional paper money. They can open the way to credit expansion by the banks. They can thus create an artificial boom and the appearance of prosperity. But such a boom is bound to collapse soon or late and to bring about a depression.”

– Ludwig von Mises