Saturday, December 14, 2019

Fiat’s failings, gold and blockchains

by Alasdair Macleod, GoldMoney:

The world stands on the edge of a cyclical downturn, exacerbated by trade tariffs initiated by America. We know what will happen: the major central banks will attempt to inflate their way out of the consequences. And those of us with an elementary grasp of economics should know why the policy will fail.

In addition to the monetary and debt inflation since the Lehman crisis, it is highly likely the major international currencies will suffer a catastrophic loss of purchasing power from a new round of monetary expansion, calling for a replacement of today’s fiat currency system with something more stable. The ultimate solution, unlikely to be adopted, is to reinstate gold as circulating money, and how gold works as money is outlined in this article.

LIBRA: Facebook Now Wants to Control Your Money

from 21st Century Wire:

Facebook – backed by some of the largest banks and corporations on Earth – seek to create a global digital currency and reassert Western dominion over the global economy.

Many are probably already familiar with US-based social media giants like Facebook and Twitter carrying out sweeping campaigns of censorship executed in line with US foreign policy objectives.

New Eastern Outlook itself was deleted off of both networks – just one among many thousands of accounts wiped out in a virtual information war.

British Virgin Islands Announce US Dollar-Backed Digital Currency

by Adrian Zmudzinski, Coin Telegraph:

Blockchain startup LifeLabs announced that it is developing a digital currency dubbed BVI~LIFE in partnership with the British Virgin Islands (BVI).

According to a press release on Dec. 3, the currency is part of a broader initiative to grow the local fintech sector and will be presented during the BVI Digital Economy symposium.

The coin will be a stablecoin pegged 1:1 to the U.S. dollar — which the BVI have used since 1959 — and its use is expected to reduce transactional fees, increase transaction speed and be accessible to outsiders such as tourists.

US Citizen Facing 20 Years in Prison for Teaching Cryptocurrency and Blockchain

by Matt Agorist, The Free Thought Project:

If the US government suddenly began a bombing campaign on North Korea which killed thousands of innocent men, women, and children, this would be considered an act of war. However, if the US government intentionally targets these same men, women, and children with economic sanctions — that kill thousands civilians though starvation and illness — this is considered “diplomatic” and a peaceful resolution.

Keiser Report: Forever Wars & Negative Rates (E1468)

from RT:

In the second half, Max continues his conversation with Alasdair Macleod of about 150 years of bank credit expansion nearing an end. They also discuss Alasdair’s predictions for 2020 on gold, the dollar, and the global settlements layer.

Bitcoin ATM Firm Partners With Largest Shopping Mall Operator in US

by Adrian Zmudzinski, Coin Telegraph:

Miami-based Bitcoin (BTC) automatic teller machines (ATM) firm Bitstop has partnered with the largest shopping mall operator in the United States, Simon Malls, to install Bitcoin ATMs at several locations.

BitStop announced on Nov. 26 that the firm has already installed Bitcoin ATMs at five Simon Malls locations in California, Florida and Georgia. Bitstop co-founder and CEO Andrew Barnard said that the machines were installed ahead of the holiday season:

Keiser Report: Downgrading the world on global dystopia (E1467)

from RT:

In the second half, Max talks to Alasdair Macleod of about ‘plans for global dystopia,’ and why and how it is that policy planners are prepping for a post-fiat world.