money
by
Adam Taggart
There are literally thousands and thousands of books that have been written on how to amass wealth. Some excellent, some less so; and too many not worth the paper they're printed on. Each posits its own special strategy, promising a future of riches to the reader. Of course, were there a sure-fire recipe for making millions, it's a safe bet that the last thing the guy who figured it out would do is share it with the world.
But as mentioned, some of these books have real value. One whose lessons have stuck with me in the decades since I first read it is The Millionaire Next Door: The Surprising Secrets of America's Wealthy, first published in 1996 by two PhD researchers, Thomas Stanley and William Danko,
The Importance Of Perseverance
by Adam TaggartThere are literally thousands and thousands of books that have been written on how to amass wealth. Some excellent, some less so; and too many not worth the paper they're printed on. Each posits its own special strategy, promising a future of riches to the reader. Of course, were there a sure-fire recipe for making millions, it's a safe bet that the last thing the guy who figured it out would do is share it with the world.
But as mentioned, some of these books have real value. One whose lessons have stuck with me in the decades since I first read it is The Millionaire Next Door: The Surprising Secrets of America's Wealthy, first published in 1996 by two PhD researchers, Thomas Stanley and William Danko,
by
charleshughsmith
Executive Summary
- How will increasing capital controls around the world affect demand for cryptocurrencies?
- The big banks and corporations are embracing the blockchain. Will that make it harder to ban cryptocurrencies?
- With far less than 1% of the population holding cryptocurrencies, how large is the remaining updside?
- What the future may hold for bitcoin and its digital brethren
If you have not yet read An Everyman's Guide To Understanding Cryptocurrencies, available free to all readers, please click here to read it first.
In Part 1, we sketched a brief overview of cryptocurrencies and their potential role as a means of transferring and thus preserving capital from depreciating currencies in destabilized economies to more secure currencies/assets elsewhere in the world.
The Rise of Capital Controls Fuels the Use of Cryptocurrencies
As governments actively devalue their currencies (thereby making everyone using the currency poorer), their citizenry with financial capital are forced to seek ways to move their at-risk wealth into other currencies or assets.
China is a prime example of this trend. As the U.S. dollar has soared 20+%, China’s currency has strengthened along with the USD due to the yuan being pegged to the USD. In response, China must devalue its currency to maintain the global competitiveness of its export sector.
Faced with a massive loss of purchasing power, China’s wealthy class has moved their wealth and their families out of China. This flood of capital has pushed up housing prices in favored markets such as Vancouver B.C. and west coast cities in the U.S.
The sums being transferred abroad are non-trivial. Estimates range into the trillions of dollars. Many observers see the rise of capital controls as…
Will Cryptocurrencies Soar as the Global Economy Falters?
PREVIEW by charleshughsmithExecutive Summary
- How will increasing capital controls around the world affect demand for cryptocurrencies?
- The big banks and corporations are embracing the blockchain. Will that make it harder to ban cryptocurrencies?
- With far less than 1% of the population holding cryptocurrencies, how large is the remaining updside?
- What the future may hold for bitcoin and its digital brethren
If you have not yet read An Everyman's Guide To Understanding Cryptocurrencies, available free to all readers, please click here to read it first.
In Part 1, we sketched a brief overview of cryptocurrencies and their potential role as a means of transferring and thus preserving capital from depreciating currencies in destabilized economies to more secure currencies/assets elsewhere in the world.
The Rise of Capital Controls Fuels the Use of Cryptocurrencies
As governments actively devalue their currencies (thereby making everyone using the currency poorer), their citizenry with financial capital are forced to seek ways to move their at-risk wealth into other currencies or assets.
China is a prime example of this trend. As the U.S. dollar has soared 20+%, China’s currency has strengthened along with the USD due to the yuan being pegged to the USD. In response, China must devalue its currency to maintain the global competitiveness of its export sector.
Faced with a massive loss of purchasing power, China’s wealthy class has moved their wealth and their families out of China. This flood of capital has pushed up housing prices in favored markets such as Vancouver B.C. and west coast cities in the U.S.
The sums being transferred abroad are non-trivial. Estimates range into the trillions of dollars. Many observers see the rise of capital controls as…
by
Adam Taggart
by
Chris Martenson
Monetary expert Jim Rickards returns this week to share the insights from his latest work The New Case For Gold, a detailed and highly-researched study of the fundamentals likely to drive the price of gold bullion in the years to come.
Rickards is quite confident that the price is going higher — much higher in fact — as the current world fit currency regimes falter, to be replaced by ones backed (at least in part) by bullion.
On the way to that outcome, expect the price to be subject to the geopolitical interests and aims of the largest players on the chessboard.
Jim Rickards: The New Case For Gold
by Chris MartensonMonetary expert Jim Rickards returns this week to share the insights from his latest work The New Case For Gold, a detailed and highly-researched study of the fundamentals likely to drive the price of gold bullion in the years to come.
Rickards is quite confident that the price is going higher — much higher in fact — as the current world fit currency regimes falter, to be replaced by ones backed (at least in part) by bullion.
On the way to that outcome, expect the price to be subject to the geopolitical interests and aims of the largest players on the chessboard.
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