Kenneth Schortgen Jr
@argonathEconomist, finance columnist and avid pool player
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As some analysts project Bitcoin to be the 'new gold', the question to ask is does it replace paper or physical gold?
Are cryptocurrencies such as Bitcoin a replacement for sovereign currencies like the dollar, or are they more comparable to bonds, securities, or commodities such as gold? That is the question that
Washington never lets a crisis go to waste as hurricane disasters offer opportunity to eliminate debt ceiling
It was President Barack Obama's former Chief of Staff Rahm Emanuel who once said, "never let a crisis go to waste." And whether one is a student of the Hegelian Dialectic which advocates creating
Gold-backed cryptocurrency have the potential to assume most of world's gold trading because of the blockchain
At the heart of all monetary matters is the emotional belief known as confidence. And without it, both currencies and markets crash or collapse in very short order. This is one of the reasons why
ICO's industry crashing as fast as they arise as even boxing Champion Floyd Mayweather can't get love for his cryptocurrency
You know that an industry has reached bubble status when celebrities like Paris Hilton promote them, and world boxing champion Floyd Mayweather can't get love for a cryptocurrency he has created. And
Russia aids in China's new gold backed oil contract by signing agreement to deliver record amount of oil
Following China's announcement prior to last week's annual BRICS conference of their plans to implement a new oil contract that will be denominated in Yuan and convertible to gold, Russia is ramping up
More countries ready to dump the dollar as Venezuela threatens to use Yuan and Ruble following U.S. sanctions
During the first decade of the 21st century, any country who dared to go against the Petrodollar standard was summarily sanctioned, or in the cases of Iraq and Libya, invaded and decapitated by U.S. led
$70 billion class action lawsuit comes swiftly against Equifax as news surfaces of Executives dumping stock before making the hack public
It will be years if not decades before all the consequences of the recent hack on American consumer's data will be completely sorted out, but this is not stopping a $70 billion class action lawsuit being
Volatility continues as Bitcoin drops 8% in a minute following China's announcement to close local Bitcoin exchanges
It appears that even Bitcoin and other cryptocurrencies are not immune to government policies or interventions as the price for Bitcoin plunged over 8% in a minute's time following the announcement by
BRICS coalition serious about ending Petrodollar as plans for a new cryptocurrency will also tie in with China's gold backed oil contract
Nearly all the elements are finally in place to put to rest America's dominance over the world's unipolar reserve currency, and to end the Petrodollar agreement that has ruled global finance for the past
If the historic trend of gold price to Fed balance sheet were in play today, the price would be close to $20,000 per ounce
There are many different types of technical ratios that gold has been tied to over the years. There is the gold to Dow ratio, the gold to silver ratio, and even the gold to oil ratio. But with
Take your Bitcoin profits and live like a boss as Dubai condo complex now accepts cryptocurrency for purchase
Over the past couple of years there have been a number of fringe property deals in which the owner of a residence was willing to accept Bitcoin in lieu of cash. A casino owner-turned-commercial developer
China's new plans to back oil with gold emerged out of BRICS conference under Putin's blueprint to end dollar hegemony
Last weekend, officials from China's Shanghai International Energy Exchange dropped a bombshell that the Asian power would soon be introducing a new oil contract that would be denominated in the Yuan currency,
Warren Buffett's rating agency ready to downgrade the U.S. permanently if government shutdown emerges
The United States financial system may be taking another hit soon if Congress fails to come up with a legitimate bill to raise the debt ceiling by the end of September. According to Moody's ratings agency