Bitcoin And Cryptocurrencies are a hedge for bad government

C25C7504-26EF-49D5-99DC-A6911951C4D4

World leaders and delegates depart a family photo session at the Group of 20 (G-20) summit in Osaka, Japan, on Friday, June 28, 2019.

There’s been a lot of news recently, especially with the advent of a news cycle focused on a potential recession, on the role of bitcoin and cryptocurrencies from a short-term investment perspective. Some have placed bitcoin and cryptocurrencies in the category of hedges, a form of digital gold or silver that can be used to store value through inflation and the debasement of fiat currency.

Yet that misses the forest for the trees. Bitcoin and cryptocurrencies at scale are not just a hedge for inflation and an ever-expanding monetary supply — they are a fundamental hedge against bad governance and bad governments. In this respect, it may be easier to evaluate them along a longer-term horizon than just a short-term store of value.

Continue reading… “Bitcoin And Cryptocurrencies are a hedge for bad government”

0

Capitalism vs. Socialism: Marx Was Correct!

marx-1234.jpg

Often Maligned Visionary Karl Marx

The work of Karl Marx is ultra relevant to understanding the world’s current financial mess, don’t let anyone tell you otherwise. Marx has become intellectually indispensable to many again, as if there ever should have been any doubt. It’s fascinating to consider that during the time period when Marx was writing “Capital,” there were few factories in England –it was largely an agrarian society still– yet somehow Marx was able to see clearly the mess that we would be in today. He’s the most accurate prophet in all of history, there should be no doubt about this. Marx viewed history with a very, very long telescope. How he was able to see so far into the future is a mystery of his particular genius, but Marx accurately extrapolated how capitalism’s endgame would play itself out at the very birth of the system. Marx saw how utterly destructive this system would ultimately become. Look around you: Marx was right.

Continue reading… “Capitalism vs. Socialism: Marx Was Correct!”

0