Do you actually believe that the central banks of the world are going to sit back and do nothing while their monopoly over money creation is being threatened? Do you actually believe that the governments of the world are going to allow a digital currency that they have no control over to become “the future of money”? If so, then you are incredibly naive. Wars have been started over much less. The global elite are very, very sensitive when it comes to the creation of money, and Bitcoin has definitely gotten their attention. Yes, there have always been alternative currencies created by local communities, but none of those has ever been a real threat to the central banks of the world. The truth is that Bitcoin is different. It has the potential to really be something, and I expect a serious move to be made against Bitcoin before it explodes in popularity. If Bitcoin was solely a domestic currency, the U.S. government would have already shut it down long ago. The fact that it is a decentralized international currency makes things trickier, but without a doubt right now officials are thinking of ways to restrict the use of Bitcoin or shut it down altogether. Bitcoin is already being portrayed as a currency that attracts criminals involved in such things as tax evasion, drug dealing, gambling, terrorism and money laundering. In fact, the Wall Street Journal recently reported that the Treasury Department has ruled that money laundering rules will be applied to Bitcoin. But this is just the beginning. (Read More...)
Central Banks
If It Is Time To Sell Gold Then Why Are Central Banks Hoarding Gold Like Crazy?
Has the time to sell gold now arrived? Before you start dumping all of your gold, you might want to check out what central banks all over the globe have been doing. There is some serious hoarding of gold that is going on. For most of the past two decades, central banks have been net sellers of gold, but now many of them are gobbling up gold as fast as they can. So why would they be doing this if gold was not a good investment? Yes, we did see gold, silver and oil all take a very serious tumble today. That is what happens sometimes – global financial markets are so unstable at this point that even a piece of relatively minor news can set off a bit of a panic in one direction or another. But the long-term trend for gold has been up, up, up and it look like the central banks around the world continue to expect the price of gold to soar over the long-term. (Read More...)
47 Statistics That Indicate That Economic Stress Points In 2011 Could Be Setting The Stage For A Global Economic Meltdown In 2012
Is the world approaching a devastating global economic meltdown? Right now there are a large number of factors that are creating economic stress points all over the globe. All of the crazy money printing that the Federal Reserve and other central banks have been doing is putting inflationary pressure on agricultural commodities, oil and precious metals. Massive floods, horrific droughts and extreme weather patterns all over the globe are ruining crops and creating food shortages. Some nations are now actually hoarding food, and in other nations rising prices have sparked food riots. The price of oil has been moving back towards $100 a barrel, and if it stays at a high level for an extended period of time that is going to have very serious consequences for the global economy. In addition, the growing sovereign debt crisis could erupt again at any time. Half a dozen nations in Europe are on the verge of insolvency, Japan’s national debt is now well over 200 percent of GDP, and the global financial system is growing increasingly concerned about the exploding national debt of the United States. The truth is that the entire world financial system is a house of cards balanced on a razor’s edge and it could come down at any time. (Read More...)