The following article by David Haggith was published originally on The Great Recession Blog:
The world stands on the threshold of monetary hyperinflation with the US dollar leading the way. The final months of fiat money are coming into view. What will replace them - bitcoin or gold?
Inflation is always and everywhere a monetary phenomenon, in the sense that it cannot occur without a more rapid increase in the quantity of money than in output." - Famed economist, Milton Friedman
The world stands on the threshold of monetary hyperinflation with the US dollar leading the way. The final months of fiat money are coming into view
Documentary on World Currencies, Dollars, Gold and Money: End Of The Road: How Money Became Worthless - Wall Street is being occupied. Europe is collapsing in on itself.
The big story last week was the dollar's slow meltdown. The dollar index broke below 90 for the first time since the spring of 2018.
It is not for no reason that cryptos are roaring, and precious metals are playing catch-up.
Twenty-five years ago, on December 15, 1995, the fifteen heads of state and government of the then EU decided at a council meeting in Madrid to name the future common currency the "euro" and to introduce it from January 1, 1999, initially as a book c
It's oddly fitting that on the day bitcoin finally breaks out above $20,000 - a critical psychological level first established during the Dec 2017 meltup - we learn that a new and formerly unknown massive bitcoin whale, who just happens to be one of
The US dollar has been showing significant weakness over the last several weeks. The dollar index closed at 90.814.
It's incredible the "adoption" that Bitcoin continues to see only when it's price is moving higher.
Isn't it interesting how we are once again hearing about the Facebook-backed Libra currency only now that Bitcoin has gone on a meteoric run back to all time highs?
While many have focused on the ongoing collapse of the dollar, a big reason for the persistent weakness in the greenback, which is now below the Nov 9 "Pfizer vaccine" level...
Blockfi has unveiled a credit card with bitcoin rewards in collaboration with Visa. This is "the first credit card that lets you earn bitcoin back with every purchase," Blockfi detailed.
One of the companies I write for Sovereign Man, has allowed me to create a video for you from an article that is typically behind a paywall.
What is fiat money and what does it do?
Update (0925ET): Just minutes after we posted this, Michael Barnier, the EU's top Brexit negotiator, announced that one of his team members had tested positive for COVID-19.
CNBC's David Faber was silenced this morning during an interview with media titan John Malone.
- European Central Bank President Christine Lagarde signaled that her institution could create a digital currency within years in what would be a dramatic change to the euro zone's financial sector.
So far, the most specific and potentially damaging charge from the Trump team is: on election night, 138,000 votes for Biden in Michigan suddenly showed up, and at the same time no new votes were recorded for Trump.
This is the third in a series of articles focused on the outlook for major currencies.
Epik is known for hosting right-wing social media site Gab
The Eurozone is bust. The deterioration of TARGET2 imbalances have been hardly noticed, but in recent months it has been alarming.
Before 1914, the global monetary system was based on the classical gold standard. But over the past century, monetary systems change about every 30 to 40 years on average.
Paper money is going away in the very near future. Sooner than you realize, paper money will be replaced by a "digital-USD". Money is already digital.
Important changes today!! BITCOIN ONLY PROTECTION
Both precious metals and cash serve as safe haven assets, intended to limit losses during market turmoil.
It's Presidential election season again, and as always Nobody is going to end the wars, Nobody is going to fix the economy, and Nobody cares about you. So, once again, Bitcoin Not Bombs is endorsing Nobody for president. In addition, polls now show
On Friday, the Bank of Japan joined the Fed and ECB when it said it would begin experimenting on how to operate its own digital currency, rather than confining itself to conceptual research as it has to date.
US Department of Justice's Attorney General William P. Barr announced today the release of "Cryptocurrency: An Enforcement Framework," a publication that outlines the "emerging threats" and enforcement challenges associated with the "incr