thecommonsenseshow.com / By Dave Hodges / June 19th, 2017
The Central Banks of Europe are ruining the bank depositor’s wealth in Europe with their insistence on finance based on debt expansion. Traditional currencies have given way to two practices (1) hording cash in anticipation of a fiat currency meltdown, and, (2) the mainstream public’s adoption of cryptocurrencies as a hedge against traditions fiat currency failure.
Consider the following from Zerohedge:
“Negative interest rates in Europe and fiat demonetization in developing countries are still driving demand for Bitcoin and alternative cryptocurrencies. Although Bitcoin was initially ridiculed as money for computer nerds and a conduit for illegal activity, investors are beginning to see the potential for this technology to be an integral part of wealth management from the perspective of portfolio diversification.”