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Economics and Geopolitics 7-24-18
The Hidden Risks of a Booming Economy We may be well on our way to the second largest economic expansion since World War II. So far, there is no indication that markets are about to take a turn for the worse. Naturally, this “boom” leads to higher production and more...
The “Con” of a Cashless Society
“We’re all going digital” they say. Digital money is faster, more convenient, easier, etc. The probability of a risks in a cashless society may be relatively low, but when disaster strikes, the damage may be asymmetrically severe. Look at what happened to Puerto Rico...
Fiat Currencies Are About to Become Essential to Public Blockchains
Authored by Paul Brody via Coindesk Cryptocurrenices ask you to put your trust in math and not in fallible central bankers, but they come with a lot of political baggage of their own. In particular, cryptocurrency boosters talk a lot about how central bankers have...
Are Litecoin and Ethereum Leading Indicators for Bitcoin?
It goes without saying that correlation is not the same as causality. And with some correlations, it can be even harder to figure out especially if you have no clue as to what is triggering the “causality” behind the correlation. Yet, when we see a correlation, it’s...
Fading Common Gaps – A Risky Proposition
There are times when a market is trading at low volume and within a wide range. The market may show clear areas of support and resistance. The one thing that is lacking is any indication of a possible trend. Despite the low volume, or perhaps because of it, there may...
Bitcoin Explodes 11%, Blasting Through Technical Resistance, Other Cryptos Follow
Late Tuesday, Bitcoin explodes upwards of 11% within 30 minutes to $7.472, a level it hadn’t seen since June 10 of this year. This move also breaks out of the May 2018 downtrend line: Other cryptocurrencies (minus Tether) followed, with EOS...
USD Anchor: IBM and Stronghold’s New FDIC-Insured, Dollar-Backed Cryptocurrency
Stronghold is partnering with IBM to launch USD Anchor, which will utilize the Stellar blockchain platform to verify transactions. USD Anchor will be backed one-for-one with the US dollar and will be held by Prime Trust, who will, in turn, deposit the cash at...
Questions Concerning the Value of Cryptocurrencies
This is a combined repost of two previous blog posts titled "Are Cryptocurrencies Backed by Nothing?". If a technology holds the potential to disrupt the structure and authority of an entire monetary system, and if it is capable of reorganizing the fundamental...
Everyone Is Hoarding Gold
Authored by Tom Lewis via GoldTelegraph.com via reposted from Zerohedge The tiny nation of Kyrgyzstan has big plans. Caught between its giant trading partners, China and Russia,Kyrgyzstan is stockpiling gold. It wants to increase gold from 16 percent to 50 percent...
Gold and the U.S. Dollar – An Inversion of an Inversion
The latest forecast released last Monday from America’s second-largest bank--Bank of America Merrill Lynch (BAML)--was a bit unusual. BAML projected both strength in the US Dollar and precious metals. Why is this so unusual? The dollar and gold typically have an...
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