Five important properties of Money. I was talking about gold crashing, gold as the anti-currency, gold as the ultimate money, Do you really know what money is? The difference between money and currency, and why I am a buyer of metals.
...the rest of the world is not that far behind. They are going to be watching the PBOC's grand experiment very carefully to see how the population goes along with it, or what kind of resistance is offered.
Bitcoin exchanges will continue under increasingly burdensome regulatory restrictions, but setting up accounts and transacting with others via exchanges will eventually be more time-consuming and annoying than setting up a bank account.
So is bitcoin really now more valuable than gold now? You might need to ask a philosopher. All I know is that people sure seem to be willing to pay a lot for it at the moment.
There is no joy to be had in the death of another, even a Rockefeller. He left this world as he came into it: filthy rich, gluttonously greedy and mercilessly cruel.
it is in the marriage of John D. Rockefeller, Jr.'s wealth and business influence with Abby Aldrich's banking and political influence that we can best understand the world-conquering dominance of the "Brothers Generation" of the Rockefeller clan.
The internationalization of the yuan and the expansion of the Chinese economy overseas, which has been a linchpin of the Chinese government strategy for working its way out from under its own debt bubble is now in trouble.
And just to add extra salt to the wounds of those who are fighting for $15, those corporate mega-chains are increasingly turning to a 21st-century option for ridding themselves of the low-wage worker problem once-and-for-all: automation.
So, if we’re getting some late stage run for glory which sends us ever higher, I don’t buy for a moment that it’s the general population finally diving in. I could however see it being the bankers printing even more than they acknowledge they are.
...if the day ever comes when government can't even repay the interest on the National Debt, the illusion of solvency will disappear and the economy will collapse into calamity.
...the blockchain can be used to create digital currencies that represent the very vision of a totalitarian tyrant’s wildest wet dream.
The greatest trick the banksters and their corporate cronies have ever pulled is to convince you that you are weak and powerless without their governmental puppets and regulatory lapdogs to (pretend to) protect you. That is a lie. The people have always held that power in their own hands.
In history, many “things” have been labeled money. Shells, tree bark, stones, plants, etc. But all of them lost their attractiveness and people turned back to gold and silver. Will the crypto currencies likewise eventually be shunned for something more 3 dimensional like the metals again? Time will tell.
We’re still leaning long, but keeping position size a bit lower than normal. So far it’s been working for us nicely, and I figure it should continue for a while. But as we get closer to the December rate hike from the Fed’s, I think there’s going to be a bit of nervousness out there, and that could shake some trees.
What matters is that the world has transitioned from a pre-World Wide Web economy to a World Wide Web economy, and we are still dealing with the ramifications of that.
For 21 trillion to be missing it had to come from somewhere. Amen. 21 trillion isn’t chicken feed. That’s more than our entire US GDP for a year. So where did it come from, to go missing? Ahh, that’s the creepy part folks.