US Dollar Banned for Trade in Iran

The Islamic Republic of Iran has delivered another sharp blow to the US dollar. The government recently announced that it will no longer be accepting the dollar for trade. Anyone attempting to use the dollar will be barred from passing through import procedures. This comes as a result of concerns the Central Bank of Iran…

State Banks Realizing the Power of Crypto-Currencies

One of the virtues of digital currencies has been the lack of regulation over them. it was pronounced by libertarians that simply removing the state from money would magically make everything work. In their eyes, allowing the market to function unhindered is the key to success. But, as we’ve seen, this is certainly not the…

European Powers Rejecting US Dollar Dominance to Sanction Iran

The US continues to push the false claim that Iran is in violation of the Joint Comprehensive Plan of Action (JCPOA) despite the fact that European countries and UN agencies have certified that Iran is in full compliance. It seems that the US is insistent upon withdrawing from the agreement and restoring previous extraterritorial sanctions…

Bitcoin’s Bad 2018 is Reflective of the Ideology Behind it

It seems digital currencies have been having a terrible year so far. Aside from them reaching the highest price they’ve ever fetched before, they’ve also suffered from the largest crashes they’ve ever suffered as well. Basically, everyone who has ever warned the public about digital currencies has specifically mentioned the instability of an unregulated currency.…

Trump Policy Brings USD to 3 Year Low

The value of the US dollar has dropped to its lowest point in three years (since 2015). As reported by RT America: “The ICE US Dollar Index, which measures the American currency against a basket of six rival currencies, dropped 1 percent to 89.245 on his speech, falling below 90 for the first time since…