Gold

Money or Currency: Why it Matters

Money or Currency: Why it Matters

For most of us, the terms "money" and "currency" are interchangeable. And in day-to-day life, that's perfectly fine. But understanding the difference between the two is becoming increasingly important, especially as Bitcoin gains traction. This isn’t just semantics; it has huge implications for how we think about finance, policy, and the future of money.

The Unwinding

The Unwinding

The current state of the global economy is a complex and intriguing topic. Here are a few key points to consider:

  • The US dollar has been the world reserve currency since the end of World War II

  • The US has been running a persistent trade deficit, importing goods and services from other countries in exchange for dollars

  • Countries like China have been running large trade surpluses, but have been investing their profits in US assets rather than their own economy

  • The global monetary system is facing a crisis, with many experts predicting a significant shift in the way money is valued and traded

Auditing Reserves

Auditing Reserves

I am writing to connect with you and discuss a thought-provoking comparison that has recently caught my attention.

The comparison revolves around the gold reserves held in Fort Knox (or any nation state for that matter), with growing concerns over the apparent absence of recent audits, as opposed to the unique transparency offered by Bitcoin.