US Strength in the Upcoming Monetary Shift

Kyle Bass, in my opinion will be one of the best money managers of the next 40 years.  His ideas often mirror my own, and when he speaks I always make it a point to listen.  A Bloomberg interview recently done with Kyle, shown below, prompted me to republish a piece I did a couple years ago.

Below was initially published in March 27th 2015

There is one thing that the current Austrian economic minded Libertarian community seems to pride themselves on and that is challenging the mainstream narrative. I count myself among them. I would like to turn some of that skepticism back on some of the standard trains of thought that are often touted as self evident by many among us in a series of posts.

State Issued Crypto Currency Propaganda Continues

Bloomberg published a new article, On Digital Currencies Central Banks Should Lead, discussing central bank issued crypto currency.

A few key points were noticed. First, they refer to it more as digital currency rather than crypto currency, even though it is clear they are referring to the latter. This is likely to ease readers into the concept.  Readers will think "what's the big deal, we already have digital currency".  Second, they frame China as leading the charge, a situation which will compel American’s to wonder why the Fed isn’t showing more progress with this innovation. Finally, the article makes state issue crypto currency seem more like an inevitability rather than a possibility.

These points smack of propaganda rather than informative news.

For a warning from this path rather than propaganda watch The Reset’s original video on the subject below.