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The concept of saving and investing is very weak in our modern society as most of us are ardent consumerists who are trained to spend from earliest childhood. The goal of this website is to promote financial literacy that would lead to greater financial understanding, confidence, motivation to save and invest.
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How to Play the Odds in the Crypto Casino

How to Play the Odds in the Crypto Casino

We’re living in the crypto casino now. The total value of cryptos fell 11% over the weekend. This wiped off billions in the valuations of all of them.
Why? Who knows. Maybe traders ran a big sell program to shake out the weak holders so they can buy them back cheap.
Maybe it’s the end of a massive bull run. 
The post How to Play the Odds in the Crypto Casino appeared first on Daily Reckoning Australia.

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Strange Things Are Happening With Gold

These stories explain why gold is not just money but is the most politicised form of money.
They show that while politicians publicly disparage gold, they quietly pay close attention to it.
The first strange gold story involves Germany…
The post Strange Things Are Happening With Gold appeared first on Daily Reckoning Australia.

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China Takes a Big Jab at US Power

China is the biggest importer of oil in the world now.
This is big.
This is China directly shutting out the US’s ‘soft power’ leverage over other countries. For example, countries under US sanctions like Iran and Russia can give the US the bird.
The post China Takes a Big Jab at US Power appeared first on Daily Reckoning Australia.

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