Federal Reserve

Like most, if not all, Austrians predicted, the Fed won't raise interest rates despite claiming the economy is going gangbusters. The Fed knows all this talk of an improving economy is baloney.

Yuan becomes fifth most traded currency.

"The yuan passed the Canadian and Australian dollars in popularity in December, according to the Society for Worldwide Interbank Financial Telecommunication, which provides communications between financial institutions and companies. It said the yuan now ranks behind the dollar, the euro, the British pound and Japanese yen."

The dollar's decline continues.