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AI, Cryptocurrency Will Double Data Center Energy Consumption by 2026
AI, Cryptocurrency Will Double Data Center Energy Consumption by 2026 According to the IEA, electricity consumption from data centres, artificial intelligence (AI) and the cryptocurrency sector could double by 2026. Factor in the global push to EVs. Please consider the International Energy Agency IEA Electricity Analysis Report 2024-2026. IEA Notable Points Global electricity demand rose moderately in […]
Ending Fiat Money Won’t Destroy the State
Ending Fiat Money Won’t Destroy the State A certain meme has become popular among advocates of both gold and cryptocurrencies. This is the “Fix the money, fix the world” meme. This slogan is based on the idea that by switching to some commodity money—be it crypto or metal—and abandoning fiat currency, the world will improve […]
Why the West can’t ban Bitcoin the way China did
Why the West can’t ban Bitcoin the way China did Only a complete “dictatorship of the proletariat” can kill Bitcoin Evergrande is being called China’s “Lehman moment” and overnight the PBC closed the loop on their clampdown on crypto with a total ban on virtual currency transactions. For those paying attention, however, China isn’t just […]
Governments to Control What You Are Allowed to Buy
Governments to Control What You Are Allowed to Buy People are unaware that this drive of central banks to replace paper money with cryptocurrency is far more than they will ever comprehend as an end goal. Aside from the fact that governments could then impose a negative interest rate effectively confiscating money from your account […]
The Cyberattacks Are to Force the End of Paper Money
The Cyberattacks Are to Force the End of Paper Money I find it interesting how nobody seems to distinguish between a digital currency and blockchain cryptocurrency. The former is not traceable other than that transaction. To eliminate cybercriminals, the World Economic Forum is pushing ending paper money and moving to cryptocurrencies – not digital. With […]
The Outage at the Federal Reserve
The Outage at the Federal Reserve The outage of the National Settlement Service and the Fedwire Securities Service, which provides issuance, settlement, and transfer services for Treasuries and other government securities, was down and this has caused some concern and then conspiracy theories mixed in. The Fed made progress reversing the shutdown within a couple […]
Fed’s Quantitative Easing Strategy Holds Long-Term Benefits for Crypto
Fed’s Quantitative Easing Strategy Holds Long-Term Benefits for Crypto These are perilous times, and it hasn’t escaped anyone’s notice that the United States Federal Reserve is doing its part to alleviate the suffering — which began with the coronavirus pandemic and has spread to the global economy. It’s printing more money. “There is an infinite amount of […]
Farewell to Paper Money?
Farewell to Paper Money? A decade or more ago, I began to discuss with associates the possibility of governments and banks colluding to eliminate physical cash. Back then, the idea struck most everyone as poppycock, that governments could never get away with it. I didn’t write on the subject until 2015, when several countries had […]
China’s Central Bank to Lead Real-World Pilot of Digital Yuan: Report
China’s Central Bank to Lead Real-World Pilot of Digital Yuan: Report China is at last planning to conduct the first real-world test of its central bank digital currency (CBDC), fresh reports claim. According to local news outlet Caijing on Dec. 9, the initial pilot for the CBDC is set for the city of Shenzhen before the end of […]
Is the Global Dollar in Jeopardy?
Is the Global Dollar in Jeopardy? The US Federal Reserve is right to be concerned, if not worried, about the greenback’s dominance of international trade and finance. Fortunately for consumers, growing potential competitive pressure – call it the Libra effect – creates an incentive to make the existing system work better. WASHINGTON, DC – Since […]
Why Silver & Barter Could Become the Alternative to Cryptocurrency
Why Silver & Barter Could Become the Alternative to Cryptocurrency QUESTION: RE: ….& Coming Barter System. So, are you suggesting that we may see a shift to Silver by private individuals as the only way to sidestep Government stupidity, or will it be even worse, like trading whiskey for toilet paper?? TWE ANSWER: Assuming government attempts […]
Deplatforming Paves the Way for Cryptocurrency
Deplatforming Paves the Way for Cryptocurrency The recent deplatforming of Sargon of Akkad by Patreon has a lot of people very nervous. I became worried we’d get to this state the first time they went after Gab for not allowing their app in the Google or Apple stores. It became obvious then that we would […]
Central Banks Looking at Creating Their Own Cryptocurrencies
Central Banks Looking at Creating Their Own Cryptocurrencies The IMF has recommended that all Central banks should issue their own cryptocurrencies. Indeed, they are looking at using Block Chain to keep track of taxes and to enforce negative interest rates with cryptocurrencies which would allow them to impose negative interest rates whenever necessary. With adopting cryptocurrencies that governments would […]
