from SGT Report:
As the US government prints $1 TRILLION in new debt every 100 days, and fiat currencies around the world begin to hyper-inflate away, Guy Goslak the President of My Digital Money joins me to discuss the Bitcoin phenomenon and the demise of the Dollar’s purchasing power. Do the work to understand the technology and the opportunity. Thanks for tuning in.
My Digital Money: The BITCOIN & Crypto IRA Platform For Retirement Investing!
https://www.mydigitalmoney.com/
by Martin Armstrong, Armstrong Economics:
QUESTION: Hello Martin, been reading your passages for a few months now. I had a question for you.
What currency do you think BRICS will use to settle trades in the future and if that he bitcoin could be a viable option? Since you don’t see the USD being the world currency by 2035.
Thanks for the wisdom.
from Peak Prosperity:
TRUTH LIVES on at https://sgtreport.tv/
by Mike Maharrey, Gold Seek:
In an interview on the Russian news agency TASS, Kremlin aide Yury Ushakov announced that the BRICS nations plan to develop a new payment system based on the blockchain.
This sets the stage for further de-dollarization and could further undermine the status of the dollar as the global reserve currency.
“We believe that creating an independent BRICS payment system is an important goal for the future, which would be based on state-of-the-art tools such as digital technologies and blockchain.”
Ushakov said the system should be convenient for governments, businesses, and common people to use, “as well as cost-effective and free of politics.” And significantly, without dollars.
US debt: SHOTS FIRED
The US has to self finance its deficit now ROW is no longer buying it.
The banks will be pressured, and it will make its way down to households..**As discussed in this space several times**
The path “how” just revealed itself.
Dealers (the same ones we… pic.twitter.com/jfvkxVFFEq— VBL’s Ghost (@Sorenthek) March 7, 2024
from Birch Gold Group:
One of my favorite false narratives floating around corporate media platforms has been the argument that the American people “just don’t seem to understand how good the economy really is right now.” If only they would look at the stats, they would realize that we are in the middle of a financial renaissance, right? It must be that people have been brainwashed by negative press from conservative sources…
I have to laugh at this notion because it’s a very common one throughout history – it’s an assertion made by almost every single political regime right before a major collapse. These people always say the same things, and when you study economics as long as I have you can’t help but throw up your hands and marvel at their dedication to the propaganda.
by Peter Schiff, Schiff Gold:
Everyone’s heard of Javier Milei, the new president of Argentina, called by Fox News the world’s first libertarian president. He has been in the news for his denunciation of leftism, Marxism, and the sprawling bureaucracy that has trapped Argentina in debt. He’s also taken aim at run-away inflation in Argentina. Inflation in the last year was over 200% in Argentina, a rate that the United States hasn’t reached, even with Biden-levels of inflation.
by Leo Hohmann, Leo’s Newsletter:
Russia, feeling spurned by the West, has decided to create an all new financial infrastructure that’s totally independent of Washington, New York, London, Paris, Berlin and Basel.
Russia officially announced on March 4 the creation of a new blockchain-based digital payment system, which will effectively empower the 10-member BRICS nations to use their own currencies, while avoiding the U.S. dollar and Western terminals controlled by the Swift banking system.
by Egon Von Greyerz, Gold Switzerland:
All Empires die without fail, so do all Fiat currencies. But gold has been shining for 5000 years and as I explain in this article, Gold is likely to outshine virtually all assets in the next 5-10 years.
In early 2002 we made major investments in physical gold for our investors and ourselves. At the time gold was around $300. Our primary objective was wealth preservation. The Nasdaq had already crashed 67% but before the bottom was reached, it lost another 50%. The total loss was 80% with many companies going bankrupt.
by Michael Snyder, The Economic Collapse Blog:
We were warned that more banks would soon be getting into deep trouble. In fact, just yesterday I told my readers to circle March 11th because that is when a very important Federal Reserve program that has been propping up our banks will be allowed to expire. Unfortunately, we didn’t even have to wait for March 11th for the action to begin. On Wednesday morning, shares of New York Community Bank were absolutely crashing. Zero Hedge reported on the drama as it was unfolding…
by Kerry Lutz, Financial Survival Network:
In this video, Craig Hemke and I delve into the recent unprecedented surge in the prices of gold and Bitcoin, analyzing the factors contributing to their record highs. We explore the economic, geopolitical, and market dynamics driving investors towards these assets as safe havens and speculative investments. Our discussion covers the impact of inflation, interest rate changes, and global uncertainties on the appeal of gold and the digital gold, Bitcoin. Craig provides his insights into the sustainability of these price levels, potential future movements, and strategies for investors navigating this volatile landscape. We also examine the broader implications of these price increases on the economy, traditional investments, and the emerging digital currency market. Whether you’re a seasoned investor or just curious about the recent hype, this video offers valuable perspectives on the shifting tides of global finance.
by Peter Schiff, Schiff Gold:
Gold hit a new all-time nominal high, surpassing the previous record set in December of the previous year. The precious metal’s price reached approximately $2,140, indicating a robust and continuing interest in gold as a safe-haven asset, despite a rather peculiar lack of fanfare from the media and retail investors. This latest peak in gold prices was notably recorded without the typical surge in public buying that usually accompanies such milestones. Instead, there has been a consistent outflow from gold ETFs, suggesting that the retail sector has been selling rather than accumulating during this rally.
by Mike Maharrey, Gold Seek:
The United States enjoys the privilege of issuing the world’s reserve currency. But it increasingly uses that privilege as a hammer to shape foreign policy.
Could Americans end up feeling the blows from that hammer?
Economist and the author of Currency Wars Jim Rickards thinks that’s already happening.
After gold futures closed at a record high last Friday, the intraday spot price of gold surged over $2,100 per ounce on Monday, knocking on the door of its all-time high of $2,135 set last December.
by Daniel Kowalski, FEE:
The proposed wealth tax is just the latest in a series of attacks against productive entrepreneurs.
The plot of Ayn Rand’s 1957 novel Atlas Shrugged can be briefly summed up as follows: the productive leaders and innovators of the country go on strike by disappearing from society to protest the cronyism, corruption, and oppressive taxes that have made living a virtuous life unbearable. The nation is then on the brink of an economic collapse as the remaining politicians, intellectuals, and mediocre businessmen are only able to take from others and have no capability to create or add value. Atlas Shrugged is very popular with those whose views lean toward libertarianism, while those who lean to the left react to it like a vampire does to a crucifix, despite never even reading a page.
