What is most likely to happen in the next week is a default of Greece. That means the country will be officially bankrupt. This is the news that makes all main headlines lately. But despite that Greece has been a main discussion topic over the last years very few people seem to understand what is going on and what are the real stakes.
Like with almost all main discussion topics people are fed with crap that suites one side or the other without even touching the surface of the real game that’s going on.
Bitcoin has been the hottest topic in the financial world for the last month. I wrote an article about The Rise of Bitcoin about a month ago. Back then the price of 1 bitcoin (BTC) was a little under $50 which at the time was 10 times higher than the year before. 3 weeks after I wrote the article, the Bitcoin price reached about $250 and then it crashed, so as of right now it’s trading at about $70, but it’s far away from stable price.
Didn’t we have enough of all wrong economic prognoses? Every year we hear that the crisis will end next year, but things seem to be rather worsening than getting better. So many miscounts suggest that there is something basic that is not taken into account and causes errors. To understand what is happening, we have to make out what the crisis is and how the wrong prognoses are made.
Nowadays economy is turning into a theater of the absurd. The number of possibilities to make money out of nothing is astonishing, but it leads to a real economic disaster. We cannot predict when this madness will stop, but we can easily see through why it is spoiling world economy. There are two types of players in this game.
Bitcoin is starting to get very popular these days, but still the majority of people know nothing about it. It is considered as one of the best investments you could have made, because of its’ massive price jump over the last year.
So what is Bitcoin?
It’s a new experimental P2P digital currency.
It is designed to be an alternative to the collapsing fiat currencies issued by the central banks around the world.
Using bitcoins (BTC) you can make instant payments to anyone around the world using P2P technology without any central authority.
Year and a half ago Mike Maloney from goldsilver.com uploaded a video in YouTube about gold, silver and the debt collapse. In this video he explains how the monetary systems work, what causes the financial crisis, wealth cycles and why to invest in precious metals like gold and silver. Since then the video has over 880,000 views which is a lot.
It’s hour and a half long, but if you haven’t watched it yet, I recommend it. It’s better use of time than watching stupid television. Some of you may consider it eye opening, too.
In this video he makes some strong predictions and explains really well what is happening in the economy and the financial system. You don’t have to be an expert to understand him. You just have to watch and listen.