When Bitcoin Melts The System, Prosperity Steps In
“Overcome by the giddiness that flying lent him, Icarus soared into the sky, but in the process, he came too close to the sun, which due to the heat melted the wax.”— The Legend Of Icarus Jacob Peter Gowy‘s “The Flight of Icarus” (1635 to 1637). Central banking, along with fractional reserve banking — two inseparable evils of monetary policies — have been distorting market price signals for the last 50 years. In 1971, the Nixon Shock corrupted the global monetary system by fracturing the final linkage between gold and the U.S. dollar. Fiat currencies were unleashed, issued and....
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The Internet is entering a second era, one that gives us another shot to achieve a prosperous future. Yes, the digital revolution has brought countless wonders. The Internet, the World Wide Web, social media, mobile computing, geospaciality, Big Data and the cloud have all enabled advancements in virtually every aspect of life. But when it comes to business, a careful analysis shows that the changes to date are only scratching the surface. Capitalism's basic institution, the corporation, has remained relatively unchanged. Hierarchy, vertical integration and bureaucracy – hallmarks of....
This week’s Fed meeting has been viewed hawkishly by the broader market, and asset prices reacted negatively to the plan to begin to raise interest rates come 2023. Bitcoin fell slightly putting a recovery in crypto on hold, while major stock market indices tumbled on the news. Volatility was even more significant in the traditionally […]
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