Jerome Powell on Stagflation
“I don’t see the ‘stag’ or the ‘-flation’,” Fed Chairman Jerome Powell said during his Wednesday address. Powell believed inflation would be “transitory.” He believed that the economy would come [...]
QUESTION: Marty, do you think any crypto currency will survive?
ANSWER: No. We are looking at central banks and even the Chinese government is moving to create a Cryptocurrencies. There is no question that we will be looking at this as the next evolutionary step forward in the monetary system.
However, what I have been warning about is the public v private issue. Governments are hunting money everywhere. There is just NO POSSIBLE WAY they will allow private Cryptocurrencies to circumvent their control and taxation.