Archive - Oct 7, 2015 - Blog entry

If you think this sounds like some kind of conspiracy theory, consider that France just banned any transaction over €1,000 Euros from using physical cash. Spain has already banned transactions over €2,500. Uruguay has banned transactions over $5,000. And on and on.

News That Matters

Having government control over the levers of the economy can have advantages. For example, by taking prompt action, the Chinese government was able to pull the economy out of the recession remarkably fast, basically by fire-housing the stimulus package that was equivalent to 12% GDP. That’s the advantage. The only problem is that these kinds of short-term advantages come with long-term, painful consequences.

I break down the definition of money at the Blockchain New York conference alongside the founder of Credits, executives from Ethereum and Consenys, Judd Bagley from Overstock.com's digital securities project.

Hedge fund manager exposes the ugly truth about America's energy revolution: it's like the housing bubble but larger!

The future direction of the planet is a choice between independent money and the central bankers counter-party paper Ponzi. Gold is independent monetary wealth that cannot go broke.

In the real world, any casino (legal or otherwise) which refused to pay when the “house” lost would quickly be driven out of business