www.debtcrash.report

A Simple Guide to the Most Important Subject You Never Learned In School, What Our Money Is, Its History, and an Analysis of a Failing System.

Aurum. Gold for the 21st Century

Aurum. Gold for the 21st Century
The problem of using precious metals for small denomination coinage has been an issue for centuries. This brought the United States to an awkward quad metallic system using gold, silver, copper, and nickel in its coinage.  It is hard to believe today, considering we have copper coated zinc tokens, but the value of a cent was so great at one point that the amount of copper necessary in a penny would have made it too large and cumbersome to be practical.  Because of this the US mint experimented with a small plug of silver in a penny but it was not cost...
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The Case For Owning Bitcoin from a Crypto-Currency Skeptic

The Case For Owning Bitcoin from a Crypto-Currency Skeptic
So why am I, a self proclaimed bitcoin skeptic, putting up a post on why bitcoin has a place in a modern portfolio?  No I have not changed my mind on bitcoin.  There is still significant evidence that it was created by those who do not have economic freedom in mind.  That said researching and writing my last piece on the commonly held belief among financial commentators and advisers that the correct allocation to precious metals is 0% forced me to take a second look at bitcoin.  An absolute claim like, you should not own ANY precious metals, rubbed me the wrong...
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Guest — MikeWismer

Bitcoin for Everyday Usage

Many articles about Bitcoin (yours included) focus on Bitcoin as a possible investment, while ignoring its usefulness as a currenc... Read More
Monday, 06 July 2015 13:12
CaptDebtCrash

Mike

First, thank you for your comment. I think you make a valid point, but I don’t want to get caught up on the semantics of what asse... Read More
Monday, 06 July 2015 14:00
Guest — MikeWismer

Capt

I agree that a discussion over what constitutes money, etc is pointless. Whether we agree or not is immaterial - I can store my e... Read More
Monday, 06 July 2015 15:39
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US Strength in the Upcoming Monetary Shift

US Strength in the Upcoming Monetary Shift
There is one thing that the current Austrian economic minded Libertarian community seems to pride themselves on and that is challenging the mainstream narrative.  I count myself among them.   I would like to turn some of that skepticism back on some of the standard trains of thought that are often touted as self evident by many among us in a series of posts. The first accepted ‘fact’ I would like to question is that during the next world monetary overhaul the United States will be doing so from a position of weakness.  Here is a quote from Mike Maloney when answering...
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Guest — jim
Triffin dilemma. Sdr's transformed into Bancor. This was already talked about so long ago. It was asked for in 2008 by the Chinese... Read More
Wednesday, 01 April 2015 14:58
Guest — B.Strong
Jim...you're on the money. The 2008 report reintroduced by the Chinese and later weighting the options 2010 are on the missing imp... Read More
Thursday, 02 April 2015 13:36
Guest — genomir
USA's economy is leveraged by credit as the PRC's but don't forget that PRC is the biggest net importer of gold and the biggest bu... Read More
Friday, 22 May 2015 03:20
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I Bought What?!

I Bought What?!
There are several nations that charge investors for the privilege of loaning money to them. Denmark yields are negative past a year, German yields are negative out to the 5 year bond, Switzerland bond yields are negative past 7 years, and even Austria sports negative yields on short term debt. Now why would any investment entity allow a borrower to take their money, tie it up for several years eliminating the ability to use it, finally ending up with less than they started? Any rational investor would keep the cash and maintain the flexibility to use it if an opportunity...
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Guest — thomas
You have just destroyed my life with your 'inconvenient' truth. I need to get out of here fast so i can find the closest hill...go... Read More
Monday, 09 March 2015 11:50
Guest — Mike
Wow, and I've been considering selling the stock holdings in my IRA and just sitting on 'safe cash'......well, F*** me harder........ Read More
Monday, 09 March 2015 19:33
CaptDebtCrash
Sovereign bonds can afford to offer slightly negative yields because the cost of selling and investing in something else, perhaps ... Read More
Wednesday, 11 March 2015 19:46
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Debt Taken On By Fools

Debt Taken On By Fools
NEVER A ZERO SUM GAME   It is often touted that total debt carried by a government or total debt in general does not matter because debt is one person’s liability and another's asset thus a zero sum game.  This is plugged most loudly by Paul Krugman in an attempt to explain why the enormous debts of nations such as the United States and Japan do not matter.  Nothing could be further from the truth.    For example consider a productive farmer and an adjacent town full of people.  The townspeople accept the farmers’ food but do not repay the...
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Guest — Hunt4Steve
I've been telling my family for years the stock market only provides them with paper assets that "tell" them they have so much val... Read More
Thursday, 26 February 2015 13:07
CaptDebtCrash
@Hunt4Steve. I'm going to be making another post you may want to show to you family in a few days. Thanks for the reply.
Thursday, 26 February 2015 13:41
Guest — Debt Crash
Here's the new post http://www.debtcrash.report/entry/i-bought-what
Sunday, 08 March 2015 07:31
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