Click to visit the TBP Store for Great TBP Merchandise
Tag: bitcoin
More Chinese Bitcoin Mining Being Sent To The US
#China logistics firm in Guangzhou confirms to @CNBC it’s airlifting 3,000kg (6,600lbs) #bitcoin mining machines to Maryland, USA. Fenghua International advertises products delivered to door, tax on both ends cleared. Price per kilo: as low as $9.37! #cryptocurrencies pic.twitter.com/8yUjZjhpkk
— Eunice Yoon (@onlyyoontv) June 21, 2021
A Battle for Monetary Supremacy… Gold, Bitcoin, and Fiat
International Man: For over 2,500 years, gold has been mankind’s most enduring money.
With the emergence of Bitcoin—which has piqued the interest of many—there is a new hard money option.
How do you see the two as governments worldwide are engaged in the most extreme money printing experiment in history?
Nick Giambruno: Let me first say that I am all for free-market competition in money. I say let the best money win.
To really understand what is going on here, it’s imperative to have a handle on the basics.
Money is a good, just like any other in an economy. And it isn’t a complex notion to grasp.
Continue reading “A Battle for Monetary Supremacy… Gold, Bitcoin, and Fiat”
FROM AMERICAN DREAM TO AMERICAN NIGHTMARE
For most of the ninety years since James Truslow Adams coined the term American Dream, most Americans still believed the fairy tale of the American Dream, that no matter how humble your beginnings, everyone had a fair chance to become a success in America, based upon your individual talent, intelligence, work ethic and a society that rewarded those who exceled. Sadly, that dream is no longer achievable for most Americans. Our society has devolved into an oligarchy since The Epic of America was published in 1931, where a powerful few rule over a willfully ignorant many through propaganda, mistruth, fear, and an iron fist.
“But there has been also the American dream, that dream of a land in which life should be better and richer and fuller for every man, with opportunity for each according to his ability or achievement. It is a difficult dream for the European upper classes to interpret adequately, and too many of us ourselves have grown weary and mistrustful of it. It is not a dream of motor cars and high wages merely, but a dream of social order in which each man and each woman shall be able to attain to the fullest stature of which they are innately capable, and be recognized by others for what they are, regardless of the fortuitous circumstances of birth or position…
The American dream, that has lured tens of millions of all nations to our shores in the past century has not been a dream of merely material plenty, though that has doubtlessly counted heavily. It has been much more than that. It has been a dream of being able to grow to fullest development as man and woman, unhampered by the barriers which had slowly been erected in the older civilizations, unrepressed by social orders which had developed for the benefit of classes rather than for the simple human being of any and every class.” – James Truslow Adams – Epic of America – 1931
Continue reading “FROM AMERICAN DREAM TO AMERICAN NIGHTMARE”
Von Greyerz: Why Buy Gold When There’s Bitcoin & Tesla
Authored by Egon von Greyerz via GoldSwitzerland.com,
Instant gratification is what drives the world and especially investment markets.
I often hear complaints that gold is a useless investment since it doesn’t go up fast enough.
We have invested heavily into gold for ourselves and our investors since 2002 when the price was $300. Since then gold is up just under 6X.
Sure it has not been a straight line and there have been major corrections on the way.
STOCKS ARE TODAY A GARGANTUAN RISK
But Bitcoin and Tesla are much more exciting so why should an investor hold gold – an incredibly dull investment for the majority of people.
If I tell investors that it is absolutely critical to hold gold for wealth preservation purposes as the world financial system is the biggest bubble in history, most would ignore or ridicule me.
And if I tell them that the dollar and most currencies are down 97-99% since 1971 against gold and down 85% since 2000, they would yawn. They are only interested in their nominal stock market gains not understanding that they have gained nothing in real terms.
Continue reading “Von Greyerz: Why Buy Gold When There’s Bitcoin & Tesla”
Some clear thinking on $50,000+ Bitcoin
Guest Post by Simon Black
There are famous stories that come out of the Great Depression in which very astute financiers sold all of their stocks just before the big crash of 1929.
Joseph Kennedy famously dumped his portfolio after receiving stock tips from a shoeshine boy. And Bernard Baruch, one of the wealthiest financiers on Wall Street, said after the crash,
“Taxi drivers told you what to buy. The shoeshine boy could give you a summary of the day’s financial news as he worked with rag and polish. An old beggar who regularly patrolled the street in front of my office now gave me [stock] tips. . .”
Now, these comments make it seem like taxi drivers and shoeshine boys don’t have financial sense. And that’s wrong.
Bitcoin Soars 15% On Elon Musk Tweet
Shortly after the joke cryptocurrency DogeCoin soared 800% after Elon Musk tweeted the image of a dog which his followers interpreted as an endorsement of the farcical crypto, just around 420am ET, the world’s richest man singlehandedly pushed bitcoin up by 15%, boosting its market cap by around $80 billion, with a single tweet: “In retrospect, it was inevitable”
In retrospect, it was inevitable
— Elon Musk (@elonmusk) January 29, 2021
What is he referring to? The answer was to be found in his twitter bio which was changed to just one word: “#bitcoin”
Society: Bitcoin Fixes This
Guest Post by Paul Rosenberg
There’s a common refrain that “Bitcoin fixes this.” Sometimes it’s used well and other times less so, but I’m being very serious when I say that Bitcoin fixes society. And in this article I’ll illustrate precisely how Bitcoin is able to change the world at the largest scale.
Fundamentally, Bitcoin does this by changing the incentives that give modern society its shape. And as it happens, the world’s incentives in our time have been set primarily with money. And so if we change those incentives, we change the world overall. That process may not be fast, easy or pristine, but the principle remains true: Change the incentives, change the world.
The Spanish Prisoner
Guest Post by Ben Hunt
It’s an interesting setup, Mr. Ross. It is the oldest confidence game on the books. The Spanish Prisoner. Fellow says him and his sister, wealthy refugees, left a fortune in the home country. He got out, girl and the money stuck in Spain. Here is her most beautiful portrait. And he needs money to get her and the fortune out. Man who supplies the money gets the fortune and the girl. Oldest con in the world.
– David Mamet “The Spanish Prisoner” (1997)
Mark Zuckerberg is not The Spanish Prisoner. He’s the guy running the con.
Seven or eight years ago, I was on a commuter flight, sitting in an aisle seat. Two rows ahead of me, across the aisle on my right, a guy was arguing with his wife/girlfriend. It wasn’t a ferocious argument, but any sort of personal disagreement is noticeable in these circumstances, and it had been simmering since I noticed them boarding the plane.
BULLISH or BEARISH?
I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity….
— Donald J. Trump (@realDonaldTrump) July 12, 2019
About Bitcoin
Guest Post by Hugo Salinas Price
Bitcoin is nothing more than a distraction, created to direct widespread public worry away from concern about the eventual collapse of the Dollar’s value.
What entity would wish to distract investors’ attention away from concerns with the Dollar?
Obviously, the US Government.
Just as obviously, there is no proof of that statement. To substantiate the statement, we only have recourse to the application of what, in legal terms, is the question: Cui bono? which asks: “For whose benefit?”
The answer to that question has to be: “The US Government”.
Doug Casey on Bitcoin, Part I
Guest Post by Doug Casey
In this article, I’d like to explain how I learned to love Bitcoin. Why it’s a wonderful thing. Its potential as a speculation. How the government is going to co-opt it. And how this is all likely to end.
I was first introduced to Bitcoin several years ago in Cafayate, Argentina. A young Belgian guy came to visit, I bought him lunch, and we discussed Bitcoin. He was a very early enthusiast, and he gave me a physical Bitcoin as a souvenir. They’re now collectibles, but the digital codes are inscribed on them. I still have that Bitcoin. It was worth $13 at the time.
HOW TO EXPLAIN BITCOIN TO YOUR FRIENDS AND FAMILY
Guest Post by Len Ruggiero
Introduction:
EVERY new technological development throughout mankind’s recorded history has been met initially with derision, protest, incarceration, torture, death, and sometimes war. From the Catholic Church’s restraint of Galileo, who insisted that Copernicus was correct in his assertion that the sun was the center of the solar system, rather than the Earth as center, as was the position of the church at the time, to the invention of the printing press, which facilitated the French Revolution due to its ability to improve communication exponentially, to the personal computer, to Bitcoin, virtual reality, artificial intelligence, driverless electric vehicles, etc., technology advancement has always intimidated mankind when first introduced. Bitcoin is no exception.
Prediction:
Continue reading “HOW TO EXPLAIN BITCOIN TO YOUR FRIENDS AND FAMILY”
Psy-Op of the Day: North Korea and Bitcoin
Guest Post by Tom Luongo
So the latest threat to global security we’re supposed to believe is cybercrime from North Korea involving Bitcoin.
There is a new report from the Royal United Services Institute for Defence and Security Studies (RUSI) called Closing the Crypto Gap: Guidance for Countering North Korean Cryptocurrency Activity in Southeast Asia.
It’s important stuff apparently. Because it’s all over the news feeds. All the major MSM outlets are covering this story by doing what they always do, quote the executive summary and dress it up as journalism.
Continue reading “Psy-Op of the Day: North Korea and Bitcoin”
Russia Announces New Monetary System
Guest Post by Tom Luongo
Two roads diverged in a wood, and I—
I took the one less traveled by,
And that has made all the difference.
Robert Frost
Back in 2017 I talked at length about Russia’s growing love affair with cryptocurrencies. From Venezuela’s Petro to the announced Crypto-ruble, there has been a lot of smoke when it comes to cryptocurrencies actually being used to facilitate real world transactions, but precious little fire.
The Russians just lit a massive one.
OWNING BITCOIN: LAST THANKSGIVING VERSUS THIS THANKSGIVING
