Tuesday, September 17, 2019

FDA Urged to Investigate Hazards of Chemical Phthalates in Food Packaging

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Senator Chuck Schumer from New York issued a letter to FDA Commissioner Scott Gottlieb on July 30, 2017, calling on the health regulator to launch a study into the consequences of using phthalates in food packaging. [1]

Earlier in July, a study revealed that boxed macaroni and cheese contain phthalates, including Kraft Mac & Cheese. Phthalates are a group of endocrine-disrupting additives in plastics, used to make them soft and flexible.

Phthalates also lurk in fast food packaging, such as burger wrappers, soda cups, and fry cartons. In addition, they are found in beauty and cosmetic products, as well as in other consumer and industrial products.

Source: Harvard T.H. Chan School of Public Health

Studies have linked phthalates to:

  • Various cancers
  • Human reproduction and developmental problems
  • Damage to the male reproductive system
  • Birth defects
  • Behavioral problems in children
  • Miscarriages
  • Premature birth
  • Respiratory issues in children with bronchial obstruction, such as asthma. [2]

Schumer noted in his letter to Gottlieb that federal regulators have already banned 6 types of phthalates often found in “children’s toys and other child care products, like those to facilitate sleeping, feeding, sucking or teething.” [1]

He went on:

“To think that we have all this data on phthalate chemicals from doctors, scientists, health experts and other industries just sitting around, frozen like a beef patty and begging for the FDA to take it to the next appropriate level of scrutiny is worrisome for the consumer.

Read more: http://naturalsociety.com/schumer-probe-phthalates-food-packaging-4213/#ixzz4oVXKvHvV
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What Investors Can Learn From the Japanese Art of Kintsukuroi

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– What investors can learn from the Japanese art of Kintsukuroi or Kintsugi – art of repairing broken pottery with gold
– Investors and savers can protect their savings with gold

– Savers and investors are being punished by negative to low interest rates
– Global debt levels, stock bubbles and reduced liquidity will lead to crisis
– Reinforce cracks with gold prior to money pot shatters

Source: Wikimedia

Editor: Mark O’Byrne

Kintsukuroi or Kintsugi is the Japanese art of repairing broken pottery with gold and silver.

The Japanese like to consider it a way of not only repairing the item but also transforming it into something new which is pristine and has a new potential.

For the philosphers in the art world they like to ask how can something of such beauty be created from a shattered vase or bowl?

Our politics, markets and economy are broken. With each passing day we see more evidence of a globalised, interconnected world that is also increasingly politically and financially fragmented.

In turn this is raising tensions between and within countries. Especially between the ‘haves’ and ‘have nots.’

We have seen this before, many times in history, when the greed of mankind and his belief in infallibility leads us to believe we can perform unprecedented financial experiments. The more we push on with the experiments, rather than learning from history, the bigger the cracks and damage.

Jim Rogers recently expressed his disgust at banks’s claims that had they not acted as they had in response to the financial crisis then things would be worse.

Rogers disagrees, all they have done is papered over and widened the cracks… “propping up zombie banks and dead companies is not the way the world is supposed to work. … It’s been nine years and we have nothing to show for it [economically] except staggering amounts of debt.”

In order for Kintsugi to transpire the artist must ‘see’ a cracked pot differently. A new perspective has to be taken. The pot is not broken, it is not useless instead it is something which has potential to become stronger and better.

We must begin to look at our economy in a similar light. Our savings are not useless, in the same way our economic system is not useless.

But they are weak in their current state, they should be made stronger rather than forced to take on more pressure.

The art of seeing differently

Last week, came the news that global debt levels were 327{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of world gross domestic product (GDP), at $217 trillion in the first quarter of 2017. We have added over $120 trillion since the financial crisis.

William Shatner Slams SJWs – Says ‘Snowflakes’ “Stand For Inequality” And “Misandry”

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William Shatner, the actor who famously portrayed Captain James Kirk in the original 1960s run of Star Trek spoke out against his progressive critics, claiming that SJWs “stand for inequality” while defending his use of terms like “snowflake” and “misandry” – a phenomenon that angry feminists insist has been extinguished in modern society.

Shatner, a Canadian citizen who’s publicly empathized with the far-right and President Donald Trump, has repeatedly feuded with Trekkies who feel that he has turned away from the show’s culturally-progressive message (Star Trek made television history by broadcasting television’s first interracial kiss, between Shatner and castmate Nichelle Nichols). The actor often calls out examples of what he considers to be unwarranted attacks on men.

 

 

 

Shatner’s signature was notably absent from a February letter sent by the original Star Trek cast condemning President Donald Trump’s “racism and bigotry.”

At least one liberal critic accused the actor of “tarnishing” Star Trek’s legacy with his “alt-right language,” according to Gizmodo.

“‘It seems that Shatner has not so much misunderstood the source material than turned away from it,’ Manu Saadia, author of Trekonomics: The Economics of Star Trek.
‘Star Trek is the lone TV show that has carried the torch of equality, progress, and utopia in popular culture. To see one of its most famous ambassador using alt-right language should be a wake up call to fans,’ Saadia continued.

‘It is ruinous for the 50-year-old franchise, especially so close to the launch of its first new show in more than a decade. Shatner is known to be prickly and jealous of his status in Star Trek. Maybe he can’t stand that the limelights are now trained on a new, diverse crew?’ said Saadia.”

According to Saadia, the show tacitly endorsed socialistic policies, like the notion that wealth should be evenly distributed throughout the population.

Do We Need Trendy Terms to Encourage Recycling?

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I don’t know why the media has to come up with stupid terms for everything. Reading about sustainable living, every time I see the word “lifecycling” I feel like I am hearing nails on a chalkboard. Everything has to be trendy and new, so apparently, the word recycle is out. Now recycling is a lifestyle.

Lifecycling takes recycling to the next level; it’s a philosophy that embraces new, creative uses for products as a way extend their cycle, positively benefit your personal life and keep as much garbage out of landfills as possible.

Of course, I think recycling is great. I really love efficiency and hate waste, so reusing everything I can is pretty satisfying. But thriftiness is a big motivator. I take pride and find satisfaction in keeping my expenses a fraction of my overall income.

On the ten acre mini-farm I live and work on, there were a lot of random materials left when we moved in. We found a way to recycle almost everything.

One of our chicken coops is 90{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} wood that was left on the property, and the other 10{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} was leftover wood from building a shed. I removed an old concrete walkway in front of the house and made a berm as a backstop for shooting. Old buried bricks were turned into a patio under the live oaks. I also lined some garden beds with more salvaged bricks and cinder blocks.

We compost the insane amount of leaves which fall off the huge oak trees and use the compost in the gardens. We are expanding out rainwater collection, and one structure is getting solar panels next week!

We used pallets to make a gate and the floor of an outdoor kitchen. In fact, the counter and sink for the outdoor kitchen were snagged for free off craigslist when someone threw them out. Craiglist is a great resource to find cheap or free raw materials for any number of projects.

My brother-in-law, who owns the mini-farm with my sister, works for himself buying used items at yard sales, thrift stores, and estate sales, and selling them on eBay. His whole business is centered around reuse, finding good items a new home, not in a landfill.

So even though I hate the term “lifecycling” I do love the concept. It’s just funny to me that it is being sold as a cool new movement of youngsters! Actually, it was the norm back in the day. People sewed and patched holes in clothing. Composting veggie scraps was a no brainer. Fences were even sourced from backyard lumber.

Recycling has the potential to free up a lot of capital. Since we find so many free and cheap materials, it means the mini-farm can grow that much quicker. Even things like buying used chicken processing equipment instead of buying it new meant that money could instead be spent on building a fourth chicken coop.

Letters from India: How Bad Can the Crackdown on Cash and Tax Evasion Get? What’s Next?

by Mish Shedlock, Mish Talk

Reader “IB” an India businessman, writes about the crackdown on cash and tax evasion by Prime Minister Narendra Modi.

“IB” is very concerned about recent events, as well he should be.

Background for this story started on November 8, 2016, when Modi stunned the country with an announcement that 500-rupee ($7.30) and 1,000-rupee notes, which account for more than 85 percent of the money supply, would cease to be legal tender immediately. For details, please see Cash Chaos in India, 86{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of Money in Circulation Withdrawn; Cash Still King in Japan.

The crackdown on cash has hurt the poor the most, and likely the richest the least. Nonetheless, Modi has widespread popular support.

Modi’s latest set of mandates has small businessmen caught in the crossfire. Let’s tune into to an email from “IB” (India Businessman) for some details.

Hi Mish,

I am writing from Mumbai, India. I have been running a small business for a decade now. Since the business has been profitable we have also been paying tax as applicable. But with the introduction of Goods and Services Tax (GST) in India from July 1, 2017, it looks like business might start experiencing difficulties soon due to its plethora of rules, some of which are mind-bogglingly inane.

More than the tax rates, it is the implementation and the draconian measures that have been taken by the Government that has made me come to this conclusion. Given that the incumbent government has been winning elections despite steps like demonetization and the opposition is in complete disarray (Modi is a great orator), they have been emboldened to introduce measures that would be viewed as draconian by normal standards. In this context, I have to mention Modi has been able to mesmerize voters to an extent that he can make even pain appear as something that is pleasurable and he has been able to conquer state after state and has an invincible aura about him now. Such acts always bring Goebbels to my mind.

I am attaching an article that highlights three steps (of the many) that have been introduced in GST that I feel would impact businesses negatively.

Thanks for your time.

Regards,
IB

New Rules

“IB” emailed a lengthy document describing new rules. What follows is a short list of three key points that I condensed from the document.

  1. The government will not allow Input Tax Credit on GST paid to vendors if the vendors do not pay their own taxes. The issue here is the Modi is forcing the role of tax-enforcement on businesses who buy goods for resale.
  2. Tax payments are required every month. For all cash businesses, there is no problem. There is a huge problem for those who have to pay taxes on receivables, in advance, when the business owners might not even get paid. Liquidity will kill many small businesses.
  3. Modi now wants three tax filings every month plus an annual tax return making it 37 overall. Currently, businesses file service tax returns twice in a year while they pay their taxes every quarter. Now with GST, small businesses have to file 3 returns every month, month on month, year on year, with fines stipulated for non-compliance.

All Hail Modi

The Economic Times reports PM Narendra Modi steps up assault on Congress, eyes Indian supremacy

Prime Minister Narendra Modi’s ruling alliance is stepping up its assault on the opposition Congress party as it looks to expand its national dominance and moves closer to securing a majority in the upper house of parliament.

How to Destroy an Economy

This is the path that populist fools take to gain control and destroy economies.

When tax collections actually go into reverse as businesses fail, Modi will come up with another set of ill-advised reforms, perhaps a total ban on cash.

All it takes is a Congressional majority and Modi can and will do what he wants.

In all likelihood, Modi’s enemies will soon be silenced for the “good of society”.

Read More @ MishTalk.com

Delingpole: ‘It’s Never Been Harder to Be a Climate Scientist’. Good.

by James Delingpole, Breitbart

“It’s never been harder to be a climate scientist,” claims a heartrending piece in New Republic.

Climate scientists working directly for the Trump administration are the most affected. A report published last week by the Union of Concerned Scientists describes a “culture of fear” as government scientists are gagged, sidelined, or fired, and funding cuts loom. “Some are afraid to utter the words ‘climate change,’” the report reads.

But wait. You haven’t got to the saddest part, yet.

“All action at the agency on climate has effectively stopped,” an EPA air quality scientist told The Guardian in June. And they’re being discouraged from interacting with other climate scientists. “There was a climate conference in Atlanta last month and EPA employees were told not to go,” the scientist said, “so even simple interactions are coming to an end.”

In sadness terms I would say that this is quite literally even sadder than a picture on the internet of a cute kitten with a bandaged paw.

Think about it. These EPA scientists work hard to spend your tax dollar. That trip to the climate conference in Atlanta would have afforded them a vital opportunity not just to rack up air miles but also to broaden their understanding of the challenges facing us. For example, by visiting the legendary Georgia Aquarium they would get to experience at first hand all the innocent sea creatures that are likely to be melted if ever ocean acidification actually becomes a thing.

And by taking part in the Walking Dead Big Zombie Tour Part One – and Part Two, if time had been available – they could have acquainted themselves with the kind of post-Apocalyptic societal breakdown/flesh-eating-hordes-of-ravenous-undead issues which might well occur if global warming ever became a serious problem, which admittedly it hasn’t so far.

But now because of spoilsport Donald Trump and killjoy Scott Pruitt, they’re being forced to do boring stuff like actual science instead.

There are several reasons, though, why I don’t feel quite as sorry for these scientists as they feel for themselves.

One is that they seem to be a lot more interested in politics than they are in science. This is a point economist Ross McKitrick made recently, with regard to an attack made by the American Meteorological Society (AMS) on Energy Secretary Rick Perry.

Perry had made in a perfectly reasonable, scientifically accurate point about the causes of “global warming” in an interview. Yet the executive director of the AMS, brandishing ‘settled science’, had written to censure him.

Oh, the double standards! As McKitrick wrote in The Hill:

It is noteworthy that the meteorological society remained completely silent over the years when senior Democratic administration officials made multiple exaggerated and untrue statements in service of global warming alarmism.

When Secretary of State John Kerry falsely claimed in 2016 that “storms that used to happen once every 500 years are becoming relatively normal,” or when Environmental Protection Agency Administrator Gina McCarthy claimed in 2015 that green house gases are behind upward trends in “extreme heat, cold, storms, fires and floods,” the meteorological society said nothing, even though the evidence clearly contradicts these positions.

When President Obama tweeted in 2013 that “97 percent of scientists agree that climate change is real, man-made and dangerous” the meteorological society said nothing, even though no such survey existed and the meteorological society’s own membership surveythe next year showed nearly half of its members doubted either that climate change was even happening or that CO2 played a dominant role.

Another point well made by Eric Worrall at Watts Up With That? is that if you are an employee of the government your job is to do what the government tells you to do, no matter how much might you disagree with the government’s policy.

I have no problem with public statements from climate scientists who raise their own money – they can say whatever they want. But the job of an employee of the government is to do what the government tells them to do. For a government employed scientist, surely this means researching what the government asks them to research, and submitting reports to the government agencies which commissioned the research – not grandstanding in front of the media on a regular basis.

Then, of course, there’s the small issue of relevance. A must-read piece by David R. Henderson and John H. Cochrane in the WSJ hints at an important truth about the climate change industry that really isn’t said often enough: far too much attention is paid to the scientific aspects of this non-issue and far, far too little to the economic ones.

Read More @ Breitbart.com

War Is Right Around The Corner: Russia Mobilizes Three Motorized Rifle Division “Strike Forces” In Preparation For Rapid Offensive Assault On Ukraine

by Jeremiah Johnson, SHTFPlan

“Signing a bill that sanctions Russia would mark a significant shift for Trump. He’s repeatedly cast doubt on the conclusion of U.S. intelligence agencies that Russia sought to tip the election in his favor. The president also has pushed for cooperation between Moscow and Washington on various matters, such as counterterrorism and the conflict in Syria, and more sanctions against Russia could imperil that effort.

Trump’s persistent overtures to Russia drove lawmakers to include a section that mandates a congressional review if Trump attempted to suspend or terminate the sanctions on Moscow. The White House had objected to the review requirement, arguing it would infringe on the president’s executive authority and tie his hands as he explores avenues of communication between the two former Cold War foes.”

“Vast support for Russia sanctions quashes potential for veto”

Richard Lardner, Associated Press 7-25-17

As I wrote in the beginning of the year, the first six months in office make or break a president by setting the tempo for the remainder of his term.  The President has not been effective in any area, and he has pulled a complete 180-degree shift in dealing with Russia.  After they met in the G-20 summit, relations between the President and Vladimir Putin have steadily declined.

Now we have a Congress who has long desired to go to war with Russia, and a President who is ineffective at every turn.  Obamacare will not be repealed, the border fence is a fiasco, and the Democrats (aided by the pseudo-Republicans) are doing the “Rope-a-Dope” on the President.  They are bouncing off the actions he takes akin to Ali on the ropes and making continuous counterattacks of their own.  Domestically, the President has not lost control because he never had it, and now the shadow government that is hidden behind the pseudo-Congress and the moneyed interests that support it are pushing the United States into a war with Russia.

It’s worse than merely a consortium seeking expansion of empire and all the attached perks.  Look at this excerpt:

“The U.S. is actively considering whether or not to arm Ukrainian forces in their war with Russian-backed insurgents in the east, the new U.S. envoy for Ukraine told the BBC.  Fresh from his first official tour in his new role, during which he claimed to be “astonished” with the “hot war” he had seen in the east, Kurt Volker said in an interview on Tuesday that arming Ukrainian troops could shift Moscow’s tactic but would not be provocative.

“Defensive weapons, ones that would allow Ukraine to defend itself, and to take out tanks for example, would actually stop Russia threatening Ukraine,” Volker said. “I’m not again predicting where we go on this, that’s a matter for further discussion and decision, but I think that argument that it would be provocative to Russia or emboldening of Ukraine is just getting it backwards,” he added

Despite initial concern that Trump’s sympathies for Russian President Vladimir Putin could compromise the U.S.’s position on Ukraine, there has been virtually no change in Washington’s approach to Kiev since the administration came into office.

Members of Trump’s Republican Party—historically in favor of using more kinetic combat means to neuter any expansive visions the Kremlin may have—are rallying around a call for a more hardline policy.

“Vladimir Putin’s violent campaign to destabilize and dismember the sovereign nation of Ukraine will not stop unless and until he meets a strong and determined response,” McCain, chairman of the Senate Armed Services Committee told Trump in February.”

“Trump Wants to Arm Ukraine Against Russia, Says New U.S. Special Envoy” Damien Sharkov, Newsweek, 7-25-17

So, this “envoy,” Volker is labeling anti-tank and anti-armor weaponry as “defensive” to “take out tanks” and denying any provocative actions on the part of Ukraine or for the U.S. government to supply it.  Russia already informed the U.S. (then Obama) government that any arms sent to Ukraine would be considered an act of war.

Please take note again of the origin of the last comment in the excerpt, the source is underlined:

“Vladimir Putin’s violent campaign to destabilize and dismember the sovereign nation of Ukraine will not stop unless and until he meets a strong and determined response,” McCain, chairman of the Senate Armed Services Committee told Trump in February.”

McCain.  The same McCain who destabilized Ukraine in the first place, along with Victoria Nuland and Senator Lindsay Graham.  And just in case McCain’s brain illness keeps him from his agenda?  Guess who Kurt Volker is?                                 Here, taken straight out of Wikipedia:

“Volker served as a legislative fellow on the staff of Senator John McCain from 1997 to 1998.”

That’s right.  Volker was on McCain’s staff.  Read the rest of it.  He was appointed by Tillerson to his current post as the Special Representative to Ukraine, but he’s basically a State Department “creature” with plenty of liberal-arts education and propaganda, with no military experience and little in the field of diplomacy.  Still, he has been employed by large lobbying firms and multinational corporations, so he should “do well” for himself.  It is obvious that the “baton” was passed from McCain’s hand to Volker’s, and all that transpires will be a continuance in Ukraine from the Obama years.

The IMF/NATO hegemony really want to kick things off badly in Eastern Ukraine.  That’ll be the excuse to go to war with Russia, a nation that believes in a first-strike as a deterrence and believes a first strike to be a defensive measure.  The problem is the United States is provoking Russia into a response.  The military equipment was already signed off to be delivered to the Kiev government last year by Congress for use against the Separatists rebels of the Eastern provinces, to be delivered this year.

The Russians are not taking it lying down.  Sharkov of Newsweek penned another article, entitled Russian Army Arrives at Ukraine Border as U.S. Fears Over ‘Hot War’ Simmer, and here is that article, as it is short:

“As the bloody standoff in Ukraine reaches its annual apex month for violence, Kiev claims Russia is sending more troops near its borders, while the Kremlin has snapped back that it has every right to do so.

Relations between both countries have deteriorated significantly since Russia annexed Crimea from Ukraine in 2014; it has since backed separatist militants in Ukraine’s border regions. However, Moscow has not officially declared war on Kiev and continues to deny official involvement in the fighting on the ground.

Speaking during a military conference, captured in a Facebook video and posted on the military’s official account on Sunday, Ukrainian Chief of General Staff Viktor Muzhenko said his forces had observed new moves on the Russian side of the border.

“The organizational and staff structure, the arms and the military equipment that is approaching for reinforcement, indicates that these Russian divisions are striking forces in their essence and are intended for carrying out rapid offensive actions,” he said.

The units in question, Muzhenko specified, were three motorized rifle divisions, two of which are usually headquartered at the borders of Ukraine’s war-torn Donbass region and one that is usually deployed further north, near Smolensk.

Russian troops have previously dug in near the Ukrainian border, including near separatist-held lands, at times of impending fighting. Observers regularly record peaks in cease-fire violations during August.”

Pretty serious.  Three motorized rifle divisions, tasked and trained for performing rapid, strike-force, offensive operations.  Look at what is going on in the region for a taste of what is to come: the “hot spots” I have previously focused upon in other articles of Ukraine, North Korea, and Syria.  The bottom line here is that although the reins of power are in someone else’s hands besides Obama, the establishment is the real power behind the throne (with examples of McCain formerly and his protégé Volker).  That establishment is marching on with their own globalist agenda.  Domestically the country is still trying to shake the ring of Obamacare out of its nose…and this has been unsuccessful.

Read More @ SHTFPlan.com

The Scaling Debate and Hard Fork Highlight Several Key Differences Between Bitcoin and Gold

by Michael Krieger, Liberty Blitzkrieg

You know stuff’s going down when I write two posts in a row about Bitcoin, something which almost never happens anymore. In Friday’s piece, Is the Bitcoin Civil War Over? Here’s How I’m Thinking About Bitcoin Cash, I discussed a potential strategy that “big blockers” might attempt to execute should the 2x part of Segwit2x not happen later this year. Today, I want to discuss how the entire episode has actually served to highlight one of Bitcoin’s (and cryptos in general) huge competitive advantages in the realm of monetary-type assets, but also examine why gold is still important.

There’s been a lot of FUD written at length about the whole scaling debate, in addition to the fair observation that network splits cause confusion and can be bad for the Bitcoin “brand.” As I mentioned in Friday’s piece, I don’t see this being the case with Bitcoin Cash (BCC), since I don’t think there will be any real debate about which one is Bitcoin and which is an alt-coin. Interestingly enough, although the nastiness of the scaling debate has left a bad taste in a lot of people’s mouths, it’s also highlighted one of Bitcoin’s greatest strengths.

Earlier today I came across a tweet from an account I had never seen before, but it was simply genius in its poignant simplicity.

What this person is referring to is how the lack of support for BCC from several popular wallet providers/exchanges like Coinbase and Bitstamp, has led to a flood of requests from Bitcoin holders to move their coins off the exchange in order to access the BCC if desired after August 1st. This is essentially akin to a run on the bank, and any third party playing games with their customers’ assets will be exposed in due course. The fact that it’s so easy for a Bitcoin holder to initiate a withdrawal from a third party holding their asset is a huge advantage of Bitcoin versus gold and other traditional monetary safe-havens. It doesn’t take long to see why if you think things through.

Storing your own Bitcoin private keys is very much like holding actual gold or silver in your possession. One thing that hardcore gold bugs like to say over and over is “if you don’t hold it, you don’t own it.” At the end of the day, I think that’s right. It’s also what makes a gold backed digital asset less appealing than you might think at first glance.

When you hold your own Bitcoin private keys, not only do you have possession, but you also have a spendable asset. Gold can never replicate this competitive advantage. If you trust someone else to hold your gold, you’re exposed to counter-party risk. You are trusting someone else to secure your asset and be honest. You don’t need to do that with Bitcoin. Likewise, if China, Russia or any other government launch a gold-backed digital currency, you’re trusting the honesty of governments to have the gold they say they do. We know governments lie constantly, so I think it’d be completely foolish to trust such a monetary regime, and we don’t have to.

Before gold bugs start turning red in the face and cursing my name, let me finish. This is not to suggest that Bitcoin is a substitute for gold, or that I think the advent of crypto-currencies makes gold irrelevant as an asset. If I really felt that way, I wouldn’t still own precious metals. In fact, whenever the next economic criss happens I think gold will do exceptionally well, particularly versus stocks and bonds, as the traditional financial world will not rush headlong into cryptos as a safe-haven asset (though some will). Most funds probably aren’t even set up to be allowed to do that, so they’ll go to what has always worked and what they’re comfortable with, and that is precious metals.

We don’t need to be binary when it comes to the question of gold and Bitcoin. Gold has advantages Bitcoin will never be able to surmount, including thousands of years of history and genuine immutability. On the flip-side, Bitcoin has advantages gold will never be able to totally overcome. Namely, it’s an easily spendable asset that you can hold in your possession with zero counter-party risk. Moving large amounts of Bitcoin around is trivial compared to gold, which is an undeniably important attribute in the world we live in. You still need someone else’s help to move gold from a vault in let’s say Zurich to one in Singapore. You have to ask permission. Such permission is unnecessary with Bitcoin.

Read More @ LibertyBlitzkrieg.com