The Money That Wasn’t Money
In today’s Daily Reckoning Australia, Jim does a deep dive into bitcoin, the value placed upon digital currencies, and explores Canadian Philosopher Marshall McLuhan’s thesis on the subject. Keep reading to find out more…
Gold, Gold, Gold
Gold, Gold, Gold
Gold may seem like a strange choice for inclusion in a series of articles on the future of money. Observers are well aware that gold has served as money — usually the best form of money — for more than 3,000 years of civilisation and perhaps longer.
CBDCs versus Crypto: A New Phase of ‘Money Wars’
CBDCs versus Crypto: A New Phase of ‘Money Wars’
The digital currency medium has a global impact that can be a force for unification but can also be a source of obsessive behaviour, greed, dysfunction, and social disruption. In that sense, cryptocurrencies can undermine confidence in existing currency systems even without displacing them.
China Never Learns and Why We need to Remove Biden NOW
China Never Learns and Why We need to Remove Biden NOW
No one wakes up in the morning and says, ‘What a nice day for a nuclear war. Let’s launch some missiles’. That’s not how a nuclear war will happen if it ever does. Instead, experts who have studied the subject of nuclear war fighting since the 1950s (and I’ve personally studied their work since the late 1960s) all agree that the danger is not an out-of-the-blue decision to launch. The danger is escalation.
Supply Chain Disruption and the Hidden Realities behind Inflation
Supply Chain Disruption and the Hidden Realities behind Inflation
Although the war began in February, supply chain disruption is hitting home now, as are many other knock-on effects from Russia’s invasion of Ukraine.
Another Crisis Resulting from Ukraine
Another Crisis Resulting from Ukraine
Trade and financial sanctions are a double-edged sword. It’s possible to cut off Russia from imports of needed goods and services. It is also possible to exclude Russia from financial systems and payment channels. But trade and finance are a two-way street.
Welcome to 1984
Welcome to 1984
I’ve been addressing the war on cash lately, and for good reason. While everyone’s attention is focused on the war in Ukraine, inflation, and the Supreme Court, government plans to eliminate cash are accelerating.
The US Fed’s ‘Digital Dollar’ Is Almost Here
The US Fed’s ‘Digital Dollar’ Is Almost Here
Central Bank Digital Currencies (CBDCs) are coming even faster than many anticipated. The digital yuan is already here. It was introduced in China last February during the Winter Olympics. Visitors to the Olympics were required to pay for meals, hotels, transportation, etc., using QR codes on their mobile phones that linked to digital yuan accounts. […]
The US Fed’s ‘Digital Dollar’ Is Almost Here
The US Fed’s ‘Digital Dollar’ Is Almost Here
The Federal Reserve was studying a possible Fed CBDC at a research facility at MIT. Now the idea has moved from the research stage to preliminary development.
A Food Shock Is Coming
A Food Shock Is Coming
While energy is making the headlines in terms of the economic impact of the war, food supply is equally in jeopardy. It’s important to understand that food on your table is one end of a long and complex supply chain.
