Friday, May 31, 2013
Bitcoin vs Fiat: The Future
Félix Moreno interviews Tuur Demeester, editor of the Macrotrends (macrotrends.be/) and author of the paper The Gloom of Central Banking.
Tuur expresses his fears about an increase in bail-ins within the banking sector, which would put depositors' funds at risk. All investors should be aware of this risk -- though for obvious reasons, governments are loath to be too upfront about this risk.
Felix and Tuur then discuss the bad health of global currencies and possible effects of the recent rise in Japanese bond yields. Tuur argues that this may herald the beginnings of competitive currency devaluations.
Alternatives to the fiat system and how people may protect themselves from counterparty risk are discussed. The advent of crypto currencies and the widely debated pros and cons of Bitcoin are addressed amid a broader discussion about the future nature of money.
This podcast was recorded on the 30 May 2013.
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interesting however there is not such a thing as technology people, all people are technology, technology is a byproduct of the brains reasoning. the way in is a real currency so far only option a new reserve currency, independent from the FIAT money and bit-coin. The BREN 25% silver is the currency, simply because of Ireland,as well BREN is an ancient Celtic god, can say hi to Jesus and others as well. so it makes sense on the western culture origins and technology. the $ ceases to be the international exchange currency and them you got to equal players, the BREN"T" is the reasoning, as well it is in tune with the current power being OIL on the market.
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