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Bitcoin, gold and the demise of fiat money
Image by Idea go I am intrigued by the Bitcoin experiment – the attempt to launch a virtual currency as an alternative to the current global patchwork of local state fiat monies. Bitcoin has recently...
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The second crisis of socialism
Graphic by Marco L./Wikimedia The world is facing the worst financial crisis since at least the 1930s “if not ever,” the Governor of the Bank of England said last week when he explained to an...
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What gives money value, and is fractional-reserve banking fraud?
Image by Idea go I thought I should address a couple of points that I consider to be misconceptions and that frequently come up in discussions with the audience or other speakers when I present my...
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The death of banks – and the future of money
Photo: Ballista/wikimedia UK Chancellor George Osborne and Bank of England Governor Mervin King last week announced another round of fiscal and monetary stimulus measures, including steps to ease the...
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Could Bitcoin be the money of the future?
Bitcoin-coin (photo by CASAACIUS) The crypto-currency Bitcoin is still merely a speck on the global monetary landscape. It is young, experimental, and for all we know, it may ultimately fail to break...
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I am back! – An update.
Paper Money Collapse - Second Edition Turns out my ‘final’ blog was not so final after all. Yes, it is true. I am coming out of blogger retirement. It has only been a few months since I called it quits...
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Bitcoin has theory and history on its side
Money of no authority (source: CASASCIUS) The Bitcoin phenomenon has now reached the mainstream media where it met with a reception that ranged from sceptical to outright hostile. The recent volatility...
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Detlev appears on the Bryan Callen Show
Bryan Callen and Hunter Maats recently interviewed me for an episode of the Bryan Callen Show. The interview has now been released as episode 141 on Bryan’s website. I very much enjoyed my talk with...
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