Nowadays consumers have far more options than ever before. While they can stick with conventional currencies, they may also want to think about buying into cryptocurrencies. Over the years Bitcoin, Ethereum and even Ripple have managed to gain immense popularity. This is unlikely going to change anytime soon.
Cryptocurrencies offer a wealth of benefits that cannot be found anywhere else. This is definitely true for consumers who are interested in improving their finances. Within this guide, you’re going to learn about the financial perks of owning and using cryptocurrencies.
Lower Transaction Costs
First and foremost, you should know that cryptocurrencies have much lower costs than the alternatives. When you’re trading with cryptos, you won’t have to worry about credit card transaction fees. When you use your credit card, you’re often charged a transaction fee. This is usually never the case with cryptos. You can use your Bitcoin and Ripple as much as you please without having to worry about paying a fee. You can use Bitcoin as much as you want without having to pay for anything. There are usually no transaction costs whether you’re buying or selling cryptocurrencies. Continue reading “Financial Perks Of Owning Bitcoin And Other Cryptos”
Greg Hunter – Investment advisor and former Assistant Secretary of Housing, Catherine Austin Fitts, predicts the global financial system “will take some big hits before the end of the year.”
Fitts explains, “Right now, economists say the dollar is ‘dangerous and dominant.’ It’s still, if you look at the market shares around the world, it’s still very, very significant portion of total reserves. So, it’s still very important.
At the same time, the U.S. dollar hegemony is probably not going to last forever . . . So, I think the long term dollar looks very weak. Short term, it doesn’t look like it’s coming apart anytime soon, as far as I can see. What that means is when you have something that is dangerous and dominant, you have the possibility of extreme volatility events. That’s the new code word for the ‘you know what’ hits the, you know what.
Whether it’s different countries exploding economically, or we whether are pressuring people that makes them very uncomfortable, these kinds of fights over shrinking pies are very dangerous because they mean covert wars. They mean overt wars, and the more we steal pies from each other instead of make new pies, the worse the situation gets. That’s what you are seeing. The system is not stable.”
Continue reading “Dollar Dominant & Dangerous – System Not Stable [Video]”
Greg Hunter – Macroeconomic analyst Rob Kirby says the big elephant in the global financial room, that nobody wants to acknowledge, is the still “missing” $21 trillion from the DOD and HUD. Kirby contends, “They don’t want to believe it. They don’t want to believe that, at least, $21 trillion in extra dollars has been created out of thin air. It is siloed, and I would say it is siloed in dark places like the Exchange Stabilization Fund (ESF), which is the secretive adjunct to the U.S. Treasury.
“I would also contend that this enormous cache of dark money is exactly what is used to do dirty tricks like rig the precious metals market because that is a very expensive operation to carry out. That is not a sustainable sort of thing. The Fed . . . knew years and years ago that they were going to hit a point where the amount of money that they would need to be put into the system would have to grow vertically. This is why they created and siloed at least $21 trillion extra dollars.”
Kirby also says the extra $21 trillion “missing” dollars has been a well-kept secret. Kirby says, “This is a true secret, and I am going to say a true secret of the Deep State. This is why everybody avoids this at all costs.”
Continue reading “$21 Trillion in Dark Money Will Cause Hyperinflation [Video]”
Greg Hunter – Former Fed insider Danielle DiMartino Booth is sure the Fed is going to raise interest rates again at the September meeting. Why? DiMartino Booth explains, “I think he’s (Jerome Powell) the most independent Fed Chair in the past 30 years, and I think he’s going to raise rates regardless of what is happening in politics. . . . You don’t kowtow to political pressure when you need to do right by the economy. . . .
Powell thinks the inflation numbers are under-reported. He’s listening to companies saying their profit margins are being squeezed . . . non-labor costs are outpacing labor costs by the greatest extent in three years, and what that tells you is inflation has run amok. . . .
I think the Fed is going to continue to raise rates. . . . I think the markets have priced in the (September) rate hike by 90%. We may be looking forward to Jay Powell backing off come December. So, I am not really worried right now about a skyrocketing dollar.”
Continue reading “Inflation Has Run Amok [Video]”
Inflation results from policies implemented by governments, commercial banks and central banks.
A Few Consequences
Gary Christenson – More currency placed into circulation devalues all currency units. We can thank fractional reserve banking, deficit spending and QE.
1- Stock markets rise as each currency unit buys less.
2- Commodities rise in price.
3- Incomes, taxes, debt and government expenditures rise.
4- Politicians spend more currency units as they reward friends and buy votes.
5- The wealthy become richer and the poor and middle class suffer as prices rise while wages stagnate. More stagflation is coming in 2018 – 2020.
6- Inflation discourages savings and encourages spending and debt creation.
Examine official national debt and M3 currency in circulation at ten year intervals on a log scale for a big-picture perspective. Continue reading “Inflation is a Policy Decision”