fiat

Lunatic With a Plan: Erdogan and Turkey’s Economic Woes

vladimir putin and recep tayyip erdoğan (2015 06 13) 3

Since the first assault on Turkey’s finances in 2018, which I wrote about multiple times (here, here, and here), I’ve been the lone voice telling everyone that President Recep Tayyip Erdogan is a lunatic but he’s a lunatic with a plan. That plan is to de-dollarize the economy of a valuable member of NATO geostrategically. Since the first shots across the bow by the Trump administration at Erdogan’s toying with those powers east of the Bosporus (Russia, China and Iran) the Turkish lira has been the primary mode of attack against Erdogan. Erdogan has pursued what has been deemed unorthodox...

Is Bitcoin A Ponzi Scheme?

2021 02 03 14 51

Stock analyst Lyn Alden argues it is not. The broadest definition of a Ponzi scheme refers to any system that must continually keep operating to remain functional, or that has frictional costs. Bitcoin doesn’t really meet this broader definition of a Ponzi scheme any more than the gold market, the global fiat banking system, or less liquid markets like fine art, fine wine, collectable cars, or beachfront property. In other words, if your definition of something is so broad that it includes every non-cashflow store of value, you need a better definition. More...

‘Distrust in Lebanese banks spurs bitcoin boom’

"If you're fighting for a world where bitcoin is a main currency, you're fighting for the end of all governments...We had the separation of church and state - today, bitcoin is working towards the separation of money and state.""Bitcoin is protected by mathematics, fiat [traditional] currencies are protected by governments. Which do you...

Millennial Success Threatens Default Keynesian Fed-Heads

God forbid my generation gets ahead. Ladies & gentlemen, boys and girls, I give you Default Keynesian 101. Today’s “economists” demonize my fellow millennials’ practice of fiscal responsibility. It’s a miracle my generation can express financial-sovereignty at the apex of student loan debt/deceitful market signals. God forbid they enjoy the fruits of their hard-earned labor & actually get to retire before their parents...and grandparents for that matter. Yet, we get shafted via inflation, and paying off the debts of irresponsible generations before us. After all, who’s gonna pay...

Episode 313: The Future of Fiat and Cryptocurrencies w/ Donnie Gebert

54 Minutes PG-13 Pete invited Donnie Gebert to return to the show. Donnie starts off talking about an article detailing some of the biggest banks in the world moving their payment processing to JP Morgan's Quorum blockchain and then launches into his opinion on the future of fiat currency, and how he sees cryptocurrencies overtaking its monopoly on the market. Donnie Gebert is the author of "A Direct Republic: The Null Hypothesis of Politics (How to Automate a Legislature)."  Donnie is former military intelligence whose method is meant to transcend party politics. Donnie's Website...

For the First Time, A Country Just Made a Cryptocurrency Its Legal Tender

This article originally appeared at Anti-Media's Steemit blog.    Republic of the Marshall Islands — In a move that, for anyone following the progress of cryptocurrencies, was truly inevitable, the world’s first country has adopted a digital asset as legal tender. From the Associated Press (AP): “The tiny Marshall Islands is creating its own digital currency in order to raise some hard cash to pay bills and boost the economy. “The Pacific island nation said it became the first country in the world to recognize a cryptocurrency as its legal tender when it passed a law this past week...

Flying Blind, Part 1: How Bubble Finance Destroys Economic Efficiency And Rationality

You could say thank heavens they have finally stopped buying the "dip". Then again, there apparently aren't any left! That's the case, anyway, even if your notion of a "dip" is any day the market doesn't go up. So far there has been exactly one such occasion during 2018. Or worse still, if you assume the traditional metric of at least a 5% drop, you have already been out of the dip buying business for a lifetime---- whether measured in market lives or even dog years. That's right. Heisenberg reminds us this morning that we are in undisputable record territory. It has been fully 395...

News

News Roundup 8/6/2022

US News The Justice Department said federal charges have been filed against four former and current Louisville police officers in the apartment raid that killed Breonna Taylor. UPI The National Police Accountability Project, claims that officers with the Rosenberg...

Blog

Drone Assassination: Inconvenient Facts

On the assassination of Ayman al-Zawahiri by U.S. drone in Kabul (from Accuracy.org): [Laurie Calhoun] said today: “President Biden has pivoted from the multiple crises of his administration — inflation, heightened tensions with China and Iran, and even the very real...

The Brief Case for Pacifism – Bryan Caplan, Ph.D.

  “My case for pacifism, to recap, comes down to three simple premises. The first two are empirical: Premise #1: The short-run costs of war are clearly awful. [Empirical claim about immediate effects of war]. Premise #2: The long-run benefits of war are highly...

Why We Should Study China

  I would posit that there is no civilization so utterly foreign to Americans than China. Often, American impressions of China are informed by preconceptions, myth, and fear of the other. For the average American, the sum of all knowledge about China is derived...

The Scott Horton Show

7/28/22 Douglas Macgregor on NATO’s Doomed Strategy in Ukraine

 Download Episode. This week on Antiwar Radio, Scott was joined by retired Col. Douglas Macgregor to discuss the ongoing war in Ukraine. Macgregor has been deeply critical of NATO’s reaction to the Russian invasion, which he calls impulsive. He says the leverage...

7/25/22 John Vaughn on Why People Aren’t Joining the Military

 Download Episode. Scott spoke with retired U.S. Army Captain John Vaughn about the Military’s recent recruitment troubles. Vaughn gives an insider’s take on why interest in joining up has been dropping and highlights some relevant statistics. He reflects on his own...

7/25/22 Dave DeCamp on Ukraine, Taiwan, Iran and his New Podcast

 Download Episode. Scott interviewed Antiwar.com News Editor Dave DeCamp earlier this week. First, they discussed DeCamp’s new podcast — Antiwar News with Dave DeCamp. The show runs every weekday and highlights the most important foreign policy headlines of the day....

Conflicts of Interest

COI #308: Moving Closer to Nuclear War

On COI #308, Kyle Anzalone discusses warnings that the world is close to annihilation. Odysee Rumble  Donate LBRY Credits bTTEiLoteVdMbLS7YqDVSZyjEY1eMgW7CP Donate Bitcoin 36PP4kT28jjUZcL44dXDonFwrVVDHntsrk Donate Bitcoin Cash...

Biden Builds Anti-Iranian Axis During His Middle East Trip: COI #305

On COI #305, Kyle Anzalone and Connor Freeman break down the latest news on Iran, the JCPOA, President Joe Biden’s Middle East trip, and the economic crisis facing Europe. Connor discusses Biden’s trip to Israel where he signed a joint declaration with the Israeli...

Don't Tread on Anyone

The Utilitarian Case for Voluntaryism

https://youtu.be/mO0Wi-elguk If I try to take something from you, you will resist, imposing costs on both of us in the form of property damage and bodily harm, in addition to the cost of security you may incur to prevent future acts of coercion. It’s not just that...

The State is the Health of War

https://youtu.be/WnvtYw_QKQE Critics often dismiss private law by alleging that disputes between enforcement agencies would lead to combat — even though this happens between governments all the time! In truth, the incentives for peaceful resolution of disputes would...

Who Was Tony Timpa?

https://youtu.be/zQiIPeHLQp4 “Unless it be to do justice on an offender,” Locke continued, no one may “take away, or impair the life, or what tends to the preservation of the life, the liberty, health, limb, or goods of another.” Long traces out a key implication of...

Liberty Weekly Podcast

Lies, Damned Lies, & War Propaganda ft. Prof CJ Ep. 226

  https://youtu.be/Qp4xpGlxsx8 In this week's episode, I invited Prof. CJ of the Dangerous History Podcast on to talk about Part I of his current podcast series. In Part I, Prof. CJ explores the "massive British propaganda operation in the US that ran from...

The Danger of the Fake China Threat ft. Joseph Solis-Mullen Ep. 225

https://youtu.be/OEcx1yQn6ic This week, I invited Joseph Solis-Mullen on the show to discuss his most recent article published at the Libertarian Institute. The article, entitled "The Fake China Threat and Its Very Real Danger" does an excellent job of demonstrating...

Year Zero

BTC Vs ESG w/Car

Car from TLE joined me again. This time I wanted Car to address my Concerns about ESG, and how he thought BTC was the answer. Timeline Earth Who is Car Timeline Earth Discord Libertarian Institute 19 Skills Pdf Autonomy Course Critical Thinking Course Donate Patreon...

Origins and Myths w/Adam Patrick

Adam Patrick is back to discuss the roots of metaphysical thought and language. Discord Libertarian Institute 19 Skills Pdf Autonomy Course Critical Thinking Course Donate Patreon RyanBunting.com

46 & 2, Tool, the Shadow, and Jung w/Jon Hartmann

I asked my good friend Jon Hartmann to come back on the show to discuss Tool’s 46 & 2 and Jung’s concept of the Shadow. Jon Twitter Jon Instagram Discord Libertarian Institute 19 Skills Pdf Autonomy Course Critical Thinking Course Donate Patreon...

Avoiding Nihilism w/Rachel Tobias

Rachel joined me again, and this time we are talking about how to avoid nihilism and continue moving forward. Rachel Twitter Discord Libertarian Institute 19 Skills Pdf Autonomy Course Critical Thinking Course Donate Patreon RyanBunting.com

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