Bank Admits Fiat Currencies Are Failing and Cryptocurrencies May Replace Them
As the transition towards a blockchain based economy continues, the established financial powers are desperately trying to stay relevant. In an attempt to boost their credibility, analysts at Deutsche Bank are finally admitting that state-run fiat currencies are becoming obsolete… (Continue to full article)
Bitcoin and Blockchain Could Save the World From the Failing Financial System
Investors in both traditional assets and cryptocurrencies have been rocked by huge amounts of volatility so far in 2018. The stock market experienced the largest single-day point drop in history, and bonds have been under pressure as concerns grow about rising interest rates. The most notable price action, however, occurred in the crypto markets as an unprecedented wave of interest overwhelmed this unregulated industry… (Continue to full article)
Banks Are Scheming to Dominate a Future Cashless Society
Visa recently announced its new Cashless Challenge program, which offers $10,000 to restaurants willing to transition into accepting only digital payments. As the largest credit card processor in the U.S., it’s no surprise Visa is spearheading this campaign. Under the guise of increasing transparency and efficiency, they’ve partnered with governments around the world to help convert financial systems into cashless models, but their real incentive is the billions of dollars in extra transaction fees it would generate… (Continue to full article)
Stocks and Precious Metals – Madness
Everything was not fine that spring with the American economy. It was showing ominous signs of trouble. Steel production was declining. The construction industry was sluggish. Car sales dropped. Customers were getting harder to find. And because of easy credit, many people were deeply in debt. Large sections of the population were poor and getting poorer…
It was this nature of mass illusion. Prices were going up, people bought. That forced prices up further, that brought in more people. And eventually, the process becomes self-perpetuating. Every increase brings in more people convinced of their God-given right to get rich.
At the end of 1929, as they celebrated New Year’s Eve, all that lay in the future. Nobody knew that the Great Depression was coming — unemployment, bread lines, bank failures — this was unimaginable. But the bubble had burst. Gone was that innocent optimism, the confidence, the illusion of wealth without work. One era had ended. They toasted the coming of the 30s, but somewhere, deep down, they knew the party was over.” ~ PBS American Experience, The Great Crash of 1929… (Continue to full article)
The Fed of St Louis Opposes The Gold Standard …
“For Environmental Reasons (Among Others, But Does Not Consider FIAT Currency A Problem). The U.S. mines a lot of gold, but we’re not the biggest producer,” Wheelock said. “The bigger suppliers of gold would have more control over our monetary policy, and there’s no reason to have it because we can get the advantages of the gold standard and avoid the disadvantages without being on a gold standard.”
Yes, but FIAT currency like the US dollar allows uncontrolled spending by the Federal government and endless devaluation of US consumer purchasing power. Why is that NOT a problem?… (Continue to full article)
My morning cup o’ coffee ~ because it solves my Java Jive!
DEBT SLAVERY: US Household Debt Reaches All Time High of $13.6 TRILLION
As the economy frays, companies close retail stores, and other layoff workers, Americans are going further into debt. In fact, the United States household debt has now reached all-time record highs… (Continue to full article)
Dressbarn To Layoff 6800 Workers In 650 Store Closures
Dressbarn, the women’s clothing chain that’s been around for nearly 60 years, will be laying off 6800 by closing 650 of its stores. The unprofitable business had lost “customers, sales… (Continue to full article)
Plans For Harriet Tubman On The $20 Have Been “Delayed” To 2028
“The primary reason we have looked at redesigning the currency is for counterfeiting issues. Based upon this, the $20 bill will now not come out until 2028…” Naturally, this set the left into a frenzy…… (Continue to full article)
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Protecting Your Wealth is heard at 3:00 p.m. (Eastern Time), each Tuesday and Thursday on Republic Broadcasting Network. Jeffrey Bennett, host of the program will be sharing over 60 years of his personal experience in the precious metals markets, in addition to educational commentary regarding YOUR financial health and welfare.
Kettle Moraine, Ltd.
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