Crypto Currencies Are a Symptom of Hyperinflation.
In this report I cover the early market action from London on Monday, July 9th, 2018. I look briefly at the precious metals, the stock market, the dollar and oil.
I also touch upon the subject of hyperinflation and how it is, in my opinion, strongly correlated to the emergence of crypto currencies. I look at the book "When Money Dies" by Adam Fergusson to point out that in Weimar Germany people and businesses resorted to creating their own currencies when confidence in the reichsmark was lost.
I also look at "Fiat Money Inflation in France" by Andrew Dickson White to show how experiments with money printing always fail and also resort to loss of morals in society and increased gambling and speculation.
My conclusion is that the current system is on its last legs and that people need to get out of if and safegaurd their assets be it in precious metals or crypto currencies.
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Thanks @mattmcguire
You are welcome @maneco64
Central banks and their money printing extravaganza is definitely the reason why assets like cryptocurrencies got traction to the extent we're seeing today and even greater in the future.
As usual great video, I my do hold the metals but over the past year been buying some different crypto currency’s I think you’ve just got to be carful to which ones of course. Thanks mike
CMC has been known to remove outliers from their calculations so prices don't get affected by the pump and dumps on certain exchanges. We've seen this with Dent and SBD in the past. Do you know why the ** is next to the trade volumes?
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When crypto currency keeps at low it hurts but when it rises it fills a breath in me..we should keep calm in every situation.
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