"The world began to send consumer goods to the United States in exchange for waste paper with no relationship to gold. The scam of the century was now complete. It is a farce that relies on the collusion between banks, federal agencies, rating agencies and governments to create the illusion that US government bonds are the safest asset in the world, even more so than gold itself..."
"China is the most fragile large region in the world at the moment...And if China were to run into its own kind of financial crisis it would probably produce a growth crisis which could produce a political crisis."
"If you purchased cryptocurrency because you studied the market and formed a long-term view, ask yourself a question - has anything changed? Sure, the price of Bitcoin (or Ether, etc.) has fallen. A lot. But does that mean your analysis was wrong?"
Global stocks and U.S. bond markets on Monday shrugged off day three of the US government shutdown in Washington, although the dollar pulled back as the euro continued its strong start to the year, while U.S. stock index futures were basically unchanged.
"Governments created cryptocurrencies... Policy decisions from the most mundane regulations to the bank bailouts pushed the alliance of hard-money advocates and cryptography experts together to form Bitcoin..."