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…
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…
That gold was used as money in the past is merely a historical fact. But the fact that gold was a form of private money, and thus not easily manipulated for government schemes, made it a target of countless intellectual and governmental assaults. Original Article: “They Don’t Hate Gold Because Read more…
The table grades Bitcoin, gold and fiat money (such as dollars) against the attributes listed above and is followed by an explanation of each grade: (credit for this work goes to @real_vijay) When stores of value compete against each other, it is the specific attributes that make a good store Read more…
After a tweet by Keynesian economist Frances Coppola, I got to thinking out loud. Meaning on twitter. So we had a short discussion about gold and bitcoin. @Frances_Coppola What history does show, actually, is that gold standards and similar fixed-supply schemes all fail. They don’t last thousands of years, or Read more…
Anilsaidso, a great educator of bitcoin and author of Few Understand This https://gumroad.com/anilsaidso#WXmdZ has posted this thread on twitter: https://threadreaderapp.com/thread/1234645533098004480.html What makes #Bitcoin attractive? Let’s take a look at some of the lesser known forces driving adoption. Starting with B..B..Barbra Streisand 🎤 A 🧵.. The STREISAND EFFECT: A phenomenon whereby an attempt Read more…
There’s been a lot of debate between goldbugs and bitcoiners. I’ve watched a couple of videos, one with Michael Saylor, one with Robert Kiyosaki. We’ve had a nice talk on Twitter on this thread: Stanley Druckenmiller, legendary investor, on #Bitcoin Atom: “the way I’v always looked at gold”. More and Read more…
From Mises Institute https://mises.org/library/how-governments-killed-gold-standard 05/28/2021Joseph T. Salerno The historical embodiment of monetary freedom is the gold standard. The era of its greatest flourishing was not coincidentally the 19th century, the century in which classical liberal ideology reigned, a century of unprecedented material progress and peaceful relations between nations. Unfortunately, the Read more…
The news announced that: Reversal of money flows: Big institutional players exit crypto and turn to gold, says JPMorgan. https://www.kitco.com/news/2021-05-19/Reversal-of-money-flows-Big-institutional-players-exit-crypto-and-turn-to-gold-says-JPMorgan.html It might make sense for investors to shy away from the volatility of Bitcoin. But here’s another argument: You’ll often see charts from Weimar Germany of gold priced in the Read more…
We might be all-in on Bitcoin but you know Kroisos likes gold too. And pretty much all the Austrian economists are goldbugs. In some countries, for example in Greece, gold is also tax-free. So it might not be a bad idea to invest in some, after you do your own Read more…