Tag: bitcoin
It’s easy to feel pessimistic about the future of our world. Particularly when you switch on the news and see the complete idiots who are in charge. From Covid to climate change, and from deforestation to wildfires, it seems like our lovely blue planet is careening towards an inevitable demise. But whilst it’s easy to […]
Gold and gold stocks have been manipulated and controlled for a long time but as the stock market sinks they have finally started to rise very quickly. Something has shifted in the past month and they are taking off.
It has become now a worn-out cliche to point out that central bankers are destroying the world economy. All their stimulus and ‘quantitative easing’ is nothing more than naked money-printing.
Over the past 100 years the global money supply has increased dramatically, leading to rising prices, ordinary people forced into heavy borrowing and government debt spiraling out of control – US national debt, for example, currently stands at more than US$17.5 trillion (as of 30/04/14). In response to this, some people have been calling for a return to the gold standard, a monetary system where the value of national currencies is directly linked to gold. This is different to the fiat money system currently in use the world over, where the value of national currencies is determined by governments. Other people, however, are suggesting that the cyrptocurrency Bitcoin could be the answer, with many asking if it’s the “new gold standard.”
Bitcoin is a digital currency that you can buy for your rapidly devaluing fiat money. You can then send packets of it anywhere in the world instantly at the click of a button to someone else who has an online bitcoin wallet, or to a virtual shop owner. Although in its early days, more and more vendors are now taking payment this way and the value of bitcoin skyrocketed over the course of the last year. Although I hasten to add in these early days, its value is fluctuating quite wildly as with any early adopter that has to iron out unforeseen glitches.
