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Tag Archives: currency
Russia Stockpiles Gold, But Why?
Russia Stockpiles Gold, But Why? The US’s overhang of debt and looming trade war is worrisome on many levels as the value of the dollar keeps decreasing and the national debt spiraling. So, what should we make of the fact that the Central Bank of Russia has been steadily amassing vast gold reserves since 2015? […]
How the Euro Will Be Killed by Politicians
How the Euro Will Be Killed by Politicians The man who is killing the Euro as a viable currency is none other than Donald Franciszek Tusk who is a Polish politician who has been the President of the European Council since 2014. He is the living example why politicians MUST be prohibited from making any decisions […]
Swedish Central Bank Voice Alarm
Swedish Central Bank Voice Alarm QUESTION: Hi Martin, Yesterday the Swedish Riksbank Chairman Stefan Ingves went on prime time TV expressing fear that public authorities are losing control over the Swedish currency! He also on prime time TV asked rhetorically -We have asked our self what is money?! Can you believe that!? What the heck […]
Fred Hickey: Why A Lifelong Technology Expert Favors Owning Gold
Fred Hickey: Why A Lifelong Technology Expert Favors Owning Gold It’s the safest & most undervalued asset today Fred Hickey, frequent cited expert on Bloomberg News and Barron’s Roundtable, has been publishing his author extremely well-respected investment newsletter, The High-Tech Strategist, for 31 years. And he is more worried about the state of the financial markets […]
‘No Cash’ Signs Everywhere Has Sweden Worried It’s Gone Too Far
‘No Cash’ Signs Everywhere Has Sweden Worried It’s Gone Too Far Cash usage declining both as share of GDP and in nominal terms Riksbank committee could publish report on issue in summer Sweden ‘Most Cashless’ Society in the World The value oof notes and coins in circulation are the lowest in nearly 30 years. Bloomberg’s […]
Our Approaching Winter of Discontent
Our Approaching Winter of Discontent The tragedy is so few act when the collapse is predictably inevitable, but not yet manifesting in daily life. That chill you feel in the financial weather presages an unprecedented–and for most people, unexpectedly severe–winter of discontent. Rather than sugarcoat what’s coming, let’s speak plainly for a change: none of […]
Why Financial Markets Underestimate Risk
Frank Rumpenhorst/Getty Images Why Financial Markets Underestimate Risk Today’s economy is in a “risk-on” period, when investors exchange safe-haven assets like US Treasury Bills for riskier ones, from real estate to carry-trade currencies. But when such behavior assumes that economic conditions are more stable than they are, as seems to be the case today, trouble […]
Why the Dollar is the Mainstay of the World Economy
Why the Dollar is the Mainstay of the World Economy QUESTION: A friend told me the one pound coins I have from a trip to Britain last year were canceled. How can a government simply cancel its money? KL ANSWER: Oh yes. Britain canceled the one pound coins last October. They estimated that £400-450 million […]
Bitcoin, Blockchain, and Local Currencies
Bitcoin, Blockchain, and Local Currencies The Seven Social Sins of the World: Wealth without work Pleasure without conscience Knowledge without character Commerce without morality Science without humanity Worship without sacrifice Politics without principle — given by Mohandas Gandhi to his grandson Arun shortly before his assassination BITCOIN AND BLOCKCHAIN The world is on fire lately […]
Why the Dollar is not Fiat
Why the Dollar is not Fiat QUESTION: You have said that coins were still fiat and not tangible hard money. Nobody else has said that. Can you support that statement? DS ANSWER: Of course. During the American Colonial period, there was a shortage of silver in particular in Britain. The British imposed restrictions on what […]
If You Don’t Own Any Bitcoin, Read This
If You Don’t Own Any Bitcoin, Read This This week it hit $19,000. What’s next? Wow. Just….wow. Bitcoin’s price has gone ‘beyond exponential’ this week. Just yesterday, as I started working on this article, it shot up 22% — from $14,000 to $17,000 (hitting an intraday high of over $19,000). And that’s after a mind-blowing […]
What Is Money? (Yes, We’re Talking About Bitcoin)
What Is Money? (Yes, We’re Talking About Bitcoin) Good ideas don’t require force. That describes the Internet, mobile telephony and cryptocurrencies. What is money? We all assume we know, because money is a commonplace feature of everyday life. Money is what we earn and exchange for goods and services. Everyone thinks the money they’re familiar […]
