Friday, February 19, 2016

Central Banks Eye Blockchain Tech

The Coindesk article above details Bitcoin's recent price rise past 420, from its recent lows of about 377.  This development comes after the cryptographic coins' value nearly doubled during the final financial quarter of 2015.  

Of course, just as with gold having its best first quarter to a year in over 30 years, what we're witnessing is not the appreciation of assets classes, but rather the depreciation of the currencies those asset classes have been priced in.

As people witness their purchasing power decreasing, the flight to sound money occurs in several phases.  These phases, three of them as it were, can be found described in detail here.

What really caught my attention about this Coindesk article, however, had nothing to do with Bitcoin's value relative to any fiat currency.  It had to do with the central banks looking into blockchain technology.  Take a look at this, courtesy of

 " Other developments coincided with the price appreciation that bitcoin enjoyed during the week, as it was announced that the central banks of both the eurozone and China are looking into blockchain technology.
More specifically, the European Central Bank revealed 17th February that it is delving into how this technology could either improve or hamper the infrastructure the region uses to settle securities and payments.
In addition, Zhou Xiaochuan, governor of the People’s Bank of China, stated in an interview with Caixin Weekly that the central bank is exploring blockchain, as well as other technologies, to establish and run an electronic cash network. "

Monday, February 15, 2016

Investor Jim Rogers: "We Will All Pay A Price For Central Bankers' Incompetence"

American Investor Jim Rogers has a serious warning for the world, according to CNN Money...

 " "This is going to be a disaster in the end," he said. "You should be very worried and you should be prepared." 
Central bankers around the world have been increasingly using negative interest rates to prop up inflation and support their economies, but Rogers said the moves aren't working. He said they are simply trying to rescue stock markets and help brokers keep their Lamborghinis.  "
The three minute video above illustrates in a simple way how central bankers will bring down the global economic and financial system.  One can almost admire Roger's naivety, believing "incompetence" to be the culprit, rather than a controlled demolition, decades in the making.  
Due to the pace of the modern world, our short attention spans often prevent ourselves from making logical connections between historical and modern events.  We tend to see them all as isolated incidents and never recognize the common denominators.
The largest common denominator of economic despair involves central banking - where tyrants control the money supply and puppet government, poverty follows.  And their system necessitates a regular liquidation of human capital - the mass murder of millions must be carried out in order for the system to cleanse itself and start anew.  Hence the history of bloody wars following economic crises with impunity.
As stated on my other blog,, the war drums will get louder from now until 2019-2020.  Yet this time, a revolutionary upheaval may be in the cards, as humanity has grown tired of war and poverty.