Tag Archives: banking system

Bitcoin –One Of the Biggest Black Swans in Financial History

Bitcoin is one of the biggest black swans in financial history. Bitcoin is a form of digital currency, created and held electronically. No one controls it. It’s open source code. Transactions are made with no middle men – meaning, no banks.

As people become more aware about the dangers and deceit in the banking industry, Bitcoin is becoming popular as an alternative to banks–or as a way to diversify finances and not have all one’s assets in one place.

The video in this post provides 9 reasons why the Open Source Bitcoin network should continue to outcompete Private Blockchains being created by banks, central banks and government.

There are no transaction fees and no need to give your real name. More merchants are beginning to accept them: You can make everyday purchases such as webhosting services and food. International payments are easy and cheap because Bitcoins are not tied to any country or subject to governmental regulation. Some people just buy bitcoins as a way to diversify their long-term investments.

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Two Types Of Wealth Creation From A Macro Level

After decades of denial, the mainstream has finally conceded that rising income and wealth inequality is a problem–not just economically, but politically, for as we all know wealth buys political influence/favors, and as we’ll see below, the federal government enables and enforces most of the skims and scams that have made the rich richer and everyone else poorer. Find out about the two types of wealth creation (from a macro level) and which one has skyrocketed and why!

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