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…
Adam Back, one of the people named in the Bitcoin whitepaper as inspiration and basis of cryptographic work, posed this question: Was morpheus too altruistic? should’ve left Neo in the Matrix? #bitcoin‘ers want people to wake up, so they too can see monetary economic reality. Just like Cypher in the 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…
Robert Kiyosaki, known as Rich Dad sent the following newsletter. Hey, It’s all around you. You use it everyday. You can’t live without it. But do you really know what it is? I’m talking about money. If you want to be rich, then it would follow that you need to Read more…
I don’t pretend to know much about gold. In fact, I’m learning in the open right here on this blog. I received a newsletter from zerohedge.com that basically reads as follows: Sharp Gold Investors Will Saddle Up For What Could Be A Wild Ride Higher Investors who focused on huge 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…
Everything #Bitcoin for May 21st 2021 – The War between Tyranny (CBDC) & Freedom (Bitcoin) just begun – Daily Fail – Meme Review Sponsor @CryptoCloaks Hosts @BITVOLT7@Coinicarus Recap of everything Bitcoin for May 21st 2021 ► Daily Fail: Vitalik & the Ethereum foundation dump 35k Ether on bag holders ► Read more…
It’s the reason you can’t afford to buy a house. It’s the reason young adults can’t move out of their parents’ house. It is the reason educated people can’t get a good paying job. It is the reason corporations treat you like a piece of garbage. Stream Money, Explained, now Read more…
Croesus, a well-known writer in the Bitcoin community (I didn’t know he existed when I decided on this name but it’s okay, we kept the original Greek spelling) has written this excellent article that sheds some light in the matter. If you dismiss yuppies, in this regard, you shouldn’t. Yuppies Read more…