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The Recusant
Member since May 2012
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Gold And Cryptos Destroy Fiat - Stewart Thomson - Graceland Update

"My long-term price target is two million US dollars per bitcoin." -- Stewart Thomson

I'll write that down for future reference. As I see it, however, banks don't like alternative currencies or commodities that compete with the almighty US fiat dollar. This includes crypto-currencies that pose an even greater risk to control than precious metals. Now that they're to be traded on the CME, the price will rise from tulip-bulb investors for a short time, likely hitting $16,000, and then the banks' shorts will kick in and crush the price. The fall will come so quick that the Bitcoin may be gone forever to join all those other foolish schemes.

Commented 2318 days ago

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Beginning of the headline :I’ve predicted that a long period of deflation in the Western world would end with a Fed taper, rate hikes and quantitative tightening. That’s clearly in play now, and the deregulation of America’s thousands of small banks is perhaps the most exciting event taking place on this new “inflationary frontier”. Because of these powerful monetary trends, I’ve predicted big problems ahead for Wall Street and somewhat better times for Main Street. Having said, that, I think investors would be making a... Read More

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