Max Keiser discusses why Bitcoin and other crypto currencies like LiteCoin, TerraCoin will challenge both governments and the big banks that controls the world.
Archive for the ‘Money’ Category
If you are a multi-millionaire today you are doing fairly well, but if you are the normal Joe and Jane on the street the current economic policy and job situation in America is not great. To release a movie like “The Great Gatsby” this summer would be to again dangle a carrot in front of the poor to the middle class citizens of America. It is going to end in disaster like it did the last time around.
The BitCoin currency network will create 21 million maximum coins and no more, unlike the U.S Government that is completely bankrupt and 16 Trillion dollars in debt that uses their Central Banks like the U.S Fed to keep printing digital U.S Dollars out of thin-air.
All currencies are digital now anyways. The U.S dollar is nothing more than bits of ones and zeros in a banks computers. When the U.S Federal Exchange prints money they just hit a button on a computer. The same goes for all other modern countries.
The only difference is that BitCoins are not centrally controlled by any one Government.
Everyone, involved in the BitCoin network maintains the integrity of BitCoins.
With Japan, China and the U.S. all pursuing weak-currency policies, other major economies are retaliating. The WSJ’s Deborah Kan speaks to James Rickards of Tangent Capital Partners about whether the drive to devalue will set off a trade crisis.
This 12 year old gets it, the governments don’t get it or pretend they do not understand it, because they benefit from the banking system (corruption). Also, 80% of the population do not get it, because they are sheeples who are too lazy to do their own research on how the government waste, steal or tax dollars and how the banking system steal citizens hard earn dollars through interest rates.