PM Weekly Market Commentary – 03/26/2021

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  • Sun, Apr 04, 2021 - 07:14pm   (Reply to #60)

    agitating prop

    agitating prop

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    PM Weekly Market Commentary – 03/26/2021

Beautiful Sand Puppy. Thank you.

Lagarde made a statement a couple of days ago that European Union will be rolling out a digital currency within 3 or 4 years.

China is likely working on it now and the U.S and other nations sure to follow.

I watched several Raoul Pal videos on Real Vision, just to see if I could spot errors in his logic and a few really stuck out to me. Like glaring, plus omissions.

I think that a lot of economic experts tend to focus on the economy more and politics less, thinking one leads the other. And they are often correct. But when push comes to shove, governments have the power to tax and the military to back them up.


  • Thu, Apr 08, 2021 - 08:58am



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    VTGothic–Privacy with Bitcoin


You posted a link to the topic of privacy in a BTC world.  I forgot to copy it and would really like to read it again.

Can you repost it, please?

  • Fri, Apr 09, 2021 - 07:30am



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    Old Greenspan quote about gold and other safe stores of value

[Ok, so I already posted this twice, but both times it disappeared after I made/submitted minor edits.  So let’s try again….]

I stumbled on this old Greenspan quote from 1966 on gold and other stores of value.  I think it provides valuable insight into what we are up against (bold mine).  And while his quote (since from 1966) only addresses gold, I think the implication for bitcoin and other cryptos, as stores of value, is also worth considering. I’m not saying don’t use them, but I am saying consider that this is likely the attitude/intent we are up against.

“In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold. If everyone decided, for example, to convert all his bank deposits to silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods. The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.

This is the shabby secret of the welfare statists’ tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.”


Alan Greenspan
[written in 1966]


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