Crytpo: ‘Monopoly of Sovereign Issuance of Money is Clearly Over’

Ever since the arrival of leading cryptocurrency Bitcoin on the monetary scene over a decade ago, financial experts have speculated whether this new virtual currency might one day supplant the primacy of nationally-issued sovereign money. Due to the transformative power of its distributed ledger, or “blockchain” technology, cryptocurrencies like Bitcoin have been able to bypass the US dollar-dominated central banking and credit system by providing low cost peer-to-peer money transfer alternative. But is it enough to tip the global scales? While the crypto’s global market share is still small in…

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The Next Pearl Harbour? China’s Gold-backed Crypto Currency Will Blindside US Dollar

“A date which will live in infamy.” Indeed, today marks the 78th anniversary of the attack on Pearl Harbor in Hawaii, which opened the door for the United States to enter World War II. urn on your TV and you will see military mavens rambling on, pontificating about ‘the defense of the realm’, all the while completely aloof and unaware of the American empire’s real Achilles heel. Recent, financial pundit and TV host Max Keiser outlined such a scenario, and warned that the US will be blind-sided the day that…

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