...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.