As Global Peace, Economy Break Down, Credit-Based Money Will Turn To Bitcoin
As nations go to war and the global economy suffers, our credit-based system will inevitably seek sound money alternatives.“Fed Watch” is a macroeconomic podcast, true to bitcoin’s rebel nature. In each episode, we question mainstream and Bitcoin narratives by examining current events in macroeconomics from across the globe, with an emphasis on central banks and currencies.In this episode, CK and I broke down some charts, including bitcoin, the dollar, European energy and U.S. gasoline futures. Next, I read through a couple of articles and addressed the complicated financial situation in....
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Correction: The article previously stated the paper was authored by Pope Francis. That is incorrect and we do apologize for the unfortunate mistake to our readers and to the Pope. The paper was published in 2011, before Pope Francis took his position. In a paper released in 2011, Vatican’s Pontifical Council for Justice and Peace has called for the reformation of the “international financial and monetary system,” squarely placing the blame for 2008’s financial crisis on an “an inflationary spiral” caused by “further expansion of credit” which could not be sustained: “In recent decades, it....
Could bitcoin bring world peace by disrupting the current economic order, but while also reviving the U.S. economy? To answer, we must look at oil and the existing “petrodollar monopoly”. According to one study, “capitalism is an economic structure; war is a political act”. It shows how retaining the petrodollar monopoly serves the Federal Reserve’s....
Among global war, rampant inflation and threats to liberty, Bitcoiners found peace of mind despite an incredibly volatile 2021.
According to the Bank for International Settlements’ credit-to-GDP gap, China could be dangerously close to a banking crisis that could threaten the future growth of the entire economy. Is China’s Debt-driven Economy on an Unsustainable Path? The Bank for International Settlements (BIS), a widely-respected financial watchdog, has reported that China’s....
The plans to add crypto to credit cards impressed the community. With such additions, users can access credit facilities in crypto for payments or other activities. A credit card is one of the fastest means of accessing money for payments. Many countries operate a cashless economy whereby debit and credit cards reign. But according to […]