Currency devaluation Archives

Why America will devalue the Dollar

On the positive side there are many ways speculators can profit from dollar devaluation.

Americans ignore one of the greatest benefits of currency devaluation. Notably, a weaker currency makes it easier to pay off debts.

Dollar devaluation is attractive because America is awash in debt collegedebt reports. For instance, Americans owed $1.624 trillion in student loans, $882.6 billion in credit card loans, and $750 billion in auto loans on 23 September 2018.

I suspect that Trump is already under intense pressure from Wall Street to devalue the dollar. Goldman Sachs (NYSE: GS) and company are pressuring Trump for devaluation because they are afraid of a debt bubble. Investment bankers can force Trump to devalue the dollar by giving money to his political opponents.

Cryptocurrency

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How Cryptocurrency is changing the World

Cryptocurrency will emerge from the correction stronger than ever and with a greater power to disrupt. Those who expect the market correction to be the end of cryptocurrency will be sadly mistaken.

Cryptocurrencies and smartphones give middle and working class people the ability to create alternative digital economies.

Those economies function outside of the government paper economy. Such economies are developing in Venezuela, Colombia, and Africa. A long-term effect will be to give citizens the ability to ignore government economic policies and potentially central banks.

It is already possible to evade currency controls, price controls, devaluation, and other economic policies at the touch of an app. Uphold claims you can transfer funds through cryptocurrency, fiat currency, and gold through its Android and Apple apps.

Market Insanity

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Insane Currency Policies could Drive Bitcoin Prices through the Roof

Official exchange rates are now meaningless in most countries. The only way the Egyptian government can get people to pay attention to them; is to threaten to put people who ignore them in jail. Once the average person realizes that the government cannot throw everybody in prison; the exchange rate itself will probably quietly disappear, in order to help the government save face.