What if the bank runs out of money? Some players think the Bank is bankrupt if it runs out of money. The Bank never goes bankrupt. To continue playing, use slips of paper to keep track of each player’s banking transactions – until the Bank has enough paper money to Read more…
In simple terms, today, 15 August 2021, is the 50th anniversary of the fiat standard. A standard that took us out of gold and into paper derivatives, government spending, money printing and massive inflation. Read it all here https://wtfhappenedin1971.com/ “By far the most startling part of the President’s new economic Read more…
The events happening right now in the world are unprecedented. There are banks trying to outmaneuver central banks. Yes, to the common citizen it seems like they’re on the same side, but they’re really not. Due to Keynesian money printing insanity, banks are actually trying to control the situation because Read more…
What happened was that the fiat currency got disconnected from gold. We got off the gold standard, and that was the beginning of the downfall. Greed, quantative easing, loans upon loans upon loans, bankrupt countries, war expansion to keep the dollar standard running while gobbling up resources and economies, the Read more…
It’s not only in your head. Things have gotten more expensive. Inflation is real, it’s much more than the official numbers, and it is stealing your time and energy. The safe way to preserve it is with bitcoin. Learn how to get some here.
Peter Johnson wrote this short explanation with some resourses: In the coming years, stablecoins will grow to well over $1tn outstanding. As this happens, they will become a significant part of dollar deposits outside of the U.S. banking system (commonly known as Eurodollars). To understand the future of stablecoins, it Read more…
The digital euro would be for all Europeans to use, from everywhere to everybody and everywhere they want to send the money in the euro area. It would be risk-free and simply technological progress, says Executive Board member Fabio Panetta at the @EBFeu’s online event. Don’t be mistaken, the euro Read more…
In case you were wondering why people are trying to force ESG rules upon you, this little piece of Dutch news will clear things up: Madelon Vos@MadelonVos__·Dutch MSM today: What if every Dutch citizen gets a CO2-Budget? If you exceed the maximum CO2 consumption you’ll have to pay more. In Read more…
Yesterday there was a major announcement about the digital euro. Needless to say is that the response to it hasn’t been favourable. European Central Bank, @ecb A digital euro would be a powerful push for digitalisation, offering a safe, costless means of payment and allowing intermediaries to provide services with Read more…
Alex Mashinsky from Celsius tweeted this wonderful message: After 12 years most in #Finance still sees an enigma when they look at what #Bitcoin is. Since 2017 @CelsiusNetwork had a consistent message that it is all about #storeofvalue and #yield others are coming to the same realization so we should Read more…