EE_
25th November 2013, 05:16 AM
You took the bait...
Martin Armstrong, BitCoin, Electronic Money & the Precious Metals
November 20, 2013
There is this notion that Bitcoin or “Electronic Money” will become the new wave of the future. While this sounds like the inevitable outcome in our high-tech society and economy, I believe we will eventually head back towards a more modest physical system of barter and trade.
Martin Armstrong wrote this as it pertained to Bitcoin & electronic money in one his recent blog entries:
We are headed into an electronic currency regardless of what people say. Bitcoin will not survive, but it is useful to get people accustomed to a cashless society. The difference will be that the government version will be no ”anonymity” and what it being touted as a benefit is the elimination of crime – drug dealers will be eradicated (plus the government will get 100% of all its taxes).
This is why they have been waging war on gold. The only real role for gold will be as an alternative. currency not to the paper dollar – but to the electronic dollar. What maybe more practical is silver coins. But this is why Europe is also moved to a 19% tax on silver starting January 1st, 2014 (see former post). It is not that there is some dark sinister conspiracy against keeping gold prices down, the only concern about government with respect to gold is the untaxable underground economy. France has made it illegal to buy or sell gold for cash or to mail cash. The US has made it illegal to store cash in a safe deposit box. Even India banned gold sales without a license.
This is all about the Sovereign Debt Crisis, the collapse in socialism, and the driving deflationary trend as government clamps down on everything that moves. The precious metals are NOT going to be a hedge against the dollar, hyperinflation, or any of the other nonsense the gold promoters have spun to sell whatever they can like snake oil salesmen. The role of the metals will be as an alternative currency to ELECTRONIC when they terminate “printing” paper money. Wake up and stop listening to propaganda. Open your eyes and look at the real world. It is closing in a hell of a lot faster than people suspect.
http://armstrongeconomics.com/2013/11/20/the-bitcoin-hearing/
http://srsroccoreport.com/martin-armstrong-bitcoin-electronic-money/martin-armstrong-bitcoin-electronic-money/
Martin Armstrong, BitCoin, Electronic Money & the Precious Metals
November 20, 2013
There is this notion that Bitcoin or “Electronic Money” will become the new wave of the future. While this sounds like the inevitable outcome in our high-tech society and economy, I believe we will eventually head back towards a more modest physical system of barter and trade.
Martin Armstrong wrote this as it pertained to Bitcoin & electronic money in one his recent blog entries:
We are headed into an electronic currency regardless of what people say. Bitcoin will not survive, but it is useful to get people accustomed to a cashless society. The difference will be that the government version will be no ”anonymity” and what it being touted as a benefit is the elimination of crime – drug dealers will be eradicated (plus the government will get 100% of all its taxes).
This is why they have been waging war on gold. The only real role for gold will be as an alternative. currency not to the paper dollar – but to the electronic dollar. What maybe more practical is silver coins. But this is why Europe is also moved to a 19% tax on silver starting January 1st, 2014 (see former post). It is not that there is some dark sinister conspiracy against keeping gold prices down, the only concern about government with respect to gold is the untaxable underground economy. France has made it illegal to buy or sell gold for cash or to mail cash. The US has made it illegal to store cash in a safe deposit box. Even India banned gold sales without a license.
This is all about the Sovereign Debt Crisis, the collapse in socialism, and the driving deflationary trend as government clamps down on everything that moves. The precious metals are NOT going to be a hedge against the dollar, hyperinflation, or any of the other nonsense the gold promoters have spun to sell whatever they can like snake oil salesmen. The role of the metals will be as an alternative currency to ELECTRONIC when they terminate “printing” paper money. Wake up and stop listening to propaganda. Open your eyes and look at the real world. It is closing in a hell of a lot faster than people suspect.
http://armstrongeconomics.com/2013/11/20/the-bitcoin-hearing/
http://srsroccoreport.com/martin-armstrong-bitcoin-electronic-money/martin-armstrong-bitcoin-electronic-money/