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Will Cash Be Obsolete Soon ?

Will Cash Be Obsolete Soon ?

by William J. Luther Calls for the US to adopt a central bank digital currency (CBDC) appear to be growing. China launched a digital renminbi in April, leading many to worry that the US is falling behind. Other countries will no doubt follow. Arguments in support of CBDCs often relate to cash, since the former would function […]

Facebook’s Libra Isn’t a “Cryptocurrency”

Facebook’s Libra Isn’t a “Cryptocurrency”

  By Thomas L. Knapp In mid-June, Facebook — in cahoots with 28 partners in  the financial and tech sectors — announced plans to introduce Libra, a blockchain-based virtual currency. The world’s governments and central banks reacted quickly with calls for investigation and regulation.  Their concerns are quite understandable, but unfortunately already addressed in Libra’s […]

Nobel Prize winner says US should “get rid of currency”

Nobel Prize winner says US should “get rid of currency”

By Simon Black, Founder  November 17, 2016, Santiago, Chile   In the mid-1800’s at a time when the United Kingdom was still the dominant superpower in the world, an English scientist named Francis Galton wrote a series of papers arguing for the selective breeding of human beings. Galton’s ideas became known as eugenics. The concept […]

Bitcoin Isn’t The Corpse. It’s The Undertaker

Bitcoin Isn’t The Corpse. It’s The Undertaker

  By Thomas L. Knapp Every time the market value of Bitcoin drops as measured by its exchange value against government fiat currencies, the same people who declared it dead last time, and the time before that, come out of the woodwork to declare it dead again. The world’s most popular cryptocurrency, which just celebrated […]

The coming catastrophic collapse of the middle class

The coming catastrophic collapse of the middle class

By Jack Mullen | 17May2016 | The Government Rag “Is there no danger to our liberty and independence in a Bank that in its nature has so little to bind it to our country. The president of the Bank has told us that most of the State banks exist by its forbearance. Should its influence […]

GREECE: 99% of Votes Counted, ‘No’ Vote Set to Win By 61-39

GREECE: 99% of Votes Counted, ‘No’ Vote Set to Win By 61-39