According to the Pew Research Center, despite some ups and downs over the past several decades, the real average wage in 2018 had the same purchasing power it did in 1978 as a result of inflation and the inability of fiat currencies to protect against it.
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U.S. Dollar Losing Its World Dominance (+5K Views)
The U.S. dollar has been the world’s dominant currency since the end of World War II with roughly half of international trade, international loans, and global debt securities being denominated in USD as illustrated in the graphic below.
Read More »New ETF Will Make It Easier, Safer & More Convenient To Invest In Bitcoin
A futures-based exchange-traded funds based on Bitcoin called the ProShares Bitcoin Strategy ETF (BITO) started yesterday and I believe it will be a major factor in making the process to invest in Bitcoins considerably easier, safer, and more convenient. Here are 5 reasons why:
Read More »You Should Have a 2nd Passport – Here are 6 Reasons Why (+3K Views)
Spreading your political risk beyond one jurisdiction by obtaining a second passport and citizenship in another country is a fundamental step towards minimizing the political risk of being subjected to the whims of any single government. Here are 6 reasons why that is the case.
Read More »The Everything Bubble Must Be – and Will Be – Corrected. Got Gold?
I believe that we are at the end of a very major economic cycle. Not only are markets insane, but so are deficits, debts and currency debasements but also moral and ethical values have now vanished into thin air and been replaced by lies, deceit and the golden calf. We are now in a very critical period for the world since excesses of the magnitude we are now seeing must be corrected... and the corrections will be of a similar magnitude to the rise but happen much quicker. We are talking about falls of 90% or more in all major asset and debt markets. [Let me explain.]
Read More »Interest Rates Make It Impossible To Save For Retirement – Got Gold?
We’re told easy money will bolster the economy as consumers and businesses take advantage of low rates and spend but if you’re trying to save money, this is anything but a boon.
Read More »87 Central Banks Exploring Introduction Of Digital Currencies (+4K Views)
Central bank digital currencies (CBDCs) are an inevitable evolution of today's electronic currencies and, as a result, 87 countries are looking at introducing such currencies.
Read More »Gold Does NOT Work Well As Inflation Protection – Here’s Proof
Our argument is not that gold makes a bad investment or that no one should own gold but, rather, that gold does not work well as inflation protection but, rather, that the price of gold moves based on investor sentiment
Read More »Exponential Expansion Based on Deficits, Debts & Fake Money Will NOT End Well!
Many markets and financial instruments are now moving exponentially. Exponential moves up almost without exception finish with a move down of the same magnitude so this will end badly.
Read More »What is Cryptocurrency “Mining” and Other Insights Into Bitcoin
While there are risks, cryptocurrencies can reap huge rewards for those who make the right investment decisions. In this blog post, we discuss how to invest in cryptocurrency and what you need to know if you want to get involved!
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