Showing posts with label The Reset Original Video. Show all posts
Showing posts with label The Reset Original Video. Show all posts
The Financial Industry Just Held A Secret Meeting to Test a Crypto Dollar
The Reset Original Video
This site has been discussing the possibility of the E Dollar to get us out of the monetary and economic mess we find ourselves in for a while now.
The E Dollar is simply a digital currency that has an exchange rate with cash. The central bank would set a rate at which old paper dollars would lose value against E Dollars held in a bank account. Under an E-Dollar system any physical cash removed from the banking system would lose value against the E Dollars retained in an account, this would effectively eliminate the zero lower bound. Central banks would be free to implement significantly negative rates. Gold Bashing Now Pure Counterfactual Propaganda
The Reset Original Video
"Gold is widely seen as a safe-haven investment, but that's not always the case. This is why gold presents such immense danger for investors over the next few years. The reason for this is that we're currently in a deflationary environment. Gold is only safe in inflationary environments." Dan Moskowitz via Investopedia Story Is Gold Still A Safe Haven?
I have written in past on gold bashing stories and in that post I said of the gold bashing writers "Their goal is not to objectively offer the facts to let the reader, who may or may not hold precious metals, determine what a logical portfolio may be. It is to convince those who don't own precious metals, themselves included, that their choice not to own any is the right one." Many of the past stories denouncing gold bend facts to make their readers and themselves feel better about not owning gold, but there is another kind of gold bashing story.
Gold for a Finite World
"Now, the gold bugs will no doubt reply that under a gold standard big bubbles couldn't happen, and therefore, there wouldn't be major financial crisis. And it's true under the gold standard America had no major financial panics other than in 1873, 1884, 1890, 1893, 1907, 1930, 1931 and 1933. Oh wait. The Truth is that returning to gold is an almost comically (and cosmically) bad idea." Paul Krugman
This quote is the typical opinion of economists with a Keynesian bent. The only problem is it has no bearing in real economic history.
E Dollar Concept is Being Pursued by The BOE, PBOC, and Yes, The Fed.
The Reset Original Video
Update: Bloomberg published a story 24 hours after my post that is suspiciously similar to what you will read below. They only differ in that Bloomberg poses the E Dollar as a wonderful monetary innovation whereas I outline the possibility as a warning. They almost certainly took the idea from my post without offering credit, but here is the link to the Bloomberg story, you be the judge...
Central banks are planning to implement a new form of currency that has the potential of being an even more profound change than 1913, 1933, 1945, or 1971. Back in early 2014 I wrote what is now How they got us into this mess. In it I discussed an option that the government and banks might use to get us out of the monetary mess we find ourselves in, it was called the E Dollar. The E Dollar is simply a digital currency that has an exchange rate with cash. The central bank would set a rate at which old paper dollars would lose value against E Dollars held in a bank account. Under an E-Dollar system any physical cash removed from the banking system would lose value against the E Dollars retained in an account, this would effectively eliminate the zero lower bound. Central banks would be free to implement significantly negative rates. The E Dollar would also a carry the added optional benefit of a gradual debt jubilee if the powers that be decided to allow old debt to remain denominatedin old dollars.
Critical Mass Default
Critical Mass-Definition #1. An amount of material (such as plutonium) that is large enough to allow a nuclear reaction to occur.
Definition #2: The size, number, or amount of something that is needed to cause a particular result.
The Case For Owning Bitcoin from a Crypto-Currency Skeptic
So why am I, a self proclaimed bitcoin skeptic, discussing why bitcoin has a place in a modern portfolio? No, I have not changed my mind on bitcoin. It is because researching the commonly held belief among financial commentators and advisers that the correct allocation to precious metals is 0% forced me to take a second look at bitcoin.
An absolute claim like, you should not own ANY precious metals, rubbed me the wrong way, but because of my research into bitcoin I had no exposure to the crypto-currency. If there is anything I hate it’s a hypocrite, so lets take a look at the pro’s and cons, risks and rewards of putting some money into bitcoin.
Look Forward to Precious Metals Not Back
The Reset Original Video
There is no standard belief among those who question our debt-based monetary system that is more consistent than the necessity to hold precious metals in one's portfolio for protection. I am not unique, I believe hard assets, particularly gold and silver, are essential in today’s investing environment.
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