Bitcoin And Cryptocurrencies are a hedge for bad government

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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”

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Speculators’ New Craze For Chocolate Leaves A Bitter Taste

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Be aware that chocolate inflation is about to hit home.
First they ruined the property market, and then they fouled up the banks and building societies, before wrecking the high street. Now hedge funds and other financial speculators are threatening the good order of the chocolate market. Cocoa prices have reached their highest levels for 33 years, increasing 150 per cent in the last 18 months, and financial speculators are being accused of inflating prices to make a financial profit. Cocoa crop failure in the Ivory Coast, the world’s top grower, is partly the cause, but some experts are blaming the London commodity market where cocoa is traded…
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