Bitcoin is not the work of the devil 20. 03. 2015. The massive economic policy experiment carried out worldwide with a combination of zero interest and money printing is far more terrifying and dangerous, because it is taking place at a systemic level. On the other hand, I can take at least some comfort in the knowledge that if the experiment were to fail, for example leading to economic chaos and soaring inflation, there is an instrument which provides a safe haven because there is a limited quantity of it available, it can function as scriptural money, and yet no authority can seize it, appropriate it or restrict its use. Read more about Bitcoin is not the work of the devil
Savings crisis – The ideal monetary system, part 4 08. 07. 2014. Recently there’s been a lot of talk about the excessive indebtedness of the world and the need to deleverage. However, debt is the mirror image of savings; that’s what our monetary system is built upon. If debt has become too high, this also means that the amount of savings has reached an unsustainable level too. The landslide hitting the world economy in 2007/2008 is termed ‘credit crisis’, while it could reasonably be called a savings crisis as well. Read more about Savings crisis – The ideal monetary system, part 4
