How The Petrodollar System Has Destroyed American Education
A public education system that wastes taxpayer dollars and disincentivizes independent thought is one of the worst consequences of our fiat base.How do we define “education”? Is it something that can only be provided by a structured institution or certified individual (such as a teacher, or professor)? Do our parents and friends not teach us?Is it something an individual builds, or is it something one receives? Do we discover education, or do we mold it? Is it something that we grow? It isn’t tangible, yet, can you not receive it, exchange it and develop it?Education does not exist within....
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Alex Gladstein joined "Fed Watch" to discuss his recent article about the petrodollar and lessons for Bitcoin's growing monetary role.
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A group of Bitcoiners compare the current petrodollar system with the hopeful alternative Bitcoin offers us.
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Last year, in June 2014, Kuwait Financial Center better known as Markaz released a report on bitcoin. The report titled - Disruptive Technology: Bitcoins, Currency Reinvented suggested the use of bitcoin as a mode of payment for petroleum trade. This report caused a lot of debate among economists and the bitcoin community. Even though Markaz's proposal sounds attractive, it is not a feasible option at the moment. There are number of factors that will hinder the adoption of bitcoin as a payment mode/mechanism for international trade. Creating petrobitcoin by removing petrodollar from the....