By James Cox
"You have a few misgivings approximately our present economic climate and are intrigued approximately Bitcoin. you probably even have a lurking doubt that by some means there's something mistaken together with your dating with 'money.' you know that 'money' has one way or the other turn into your grasp, taking extra of some time than you want to provide. this is because the contents of this e-book will come as just a little a shock to most folks. For we do, certainly, stand at the verge of the main fantastic occasion in human historical past. the tip of the best Ponzi scheme identified to guy is set to ensue. we're pertaining to the tip of fiat funds and the start of a valid electronic currency." - James Cox
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Very hassle-free e-book and writing type. the writer places himself ahead as an skilled Fed Watcher yet his principles and theories appear naive and hassle-free. you could examine extra concerning the Fed by way of browsing the Fed's site. writer retains repeating himself like he's senile or whatever! ?? ? the writer doesn't provide any perception you will now not glean from studying company week or the Wall road magazine on a regular basis.
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Additional resources for Bitcoin and Digital Currencies: The New World of Money and Freedom
Their currency — the denarius — was also originally made of pure silver. Society was at the top of the “hard money” cycle. As we all know, the Roman Empire grew and flourished in terms of science, culture, military strength, and the economy. However, the government wished to spend more than it collected in taxes, as they wanted to spend on impressive buildings such as grand coliseums. This was very popular among most of the population, as people like to enjoy goods and services without paying for them.
Perhaps all these previous examples are small weak countries and therefore don’t count. This view is made all the more comforting given that almost every single one of these currencies was replaced by a new currency that was in some way backed by the US dollar. The US dollar is the world’s reserve currency. With this concept in mind, we can view both economics and the history of the twentieth century, especially of the United States, in a very new light. Chapter 6 History of Money: Gold Wars in the Twentieth Century AFTER THE FIRST WORLD WAR, and again in the Second World War, the great European powers were knocked off the gold standard.
Fiat’s Exponential Inflation 11. Bitcoin as an Investment 12. Work, Society, the Environment, and Bitcoin’s Deflation vs. Fiat’s Inflation: The Reverse Situation 13. Bitcoin vs. the Elites 14. Bitcoin’s Decentralization vs. Fiat’s Centralization 15. 0 Conclusion Bibliography Notes Preface THE REASON you are reading this book is that you have some misgivings about our current financial system and are intrigued about Bitcoin. ” You recognize that “money” has somehow become your master, taking more of your time than you wish to give.
Bitcoin and Digital Currencies: The New World of Money and Freedom by James Cox