Source: Wikipedia QUESTION: Vitalik Buterin, the co-founder of Ethereum and a co-founder of Bitcoin Magazine, said on Twitter. “Reminder: cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time.” He said: “Don’t put in more money than you can afford to lose.” Do you agree with him? It seems […]
QUESTION: Mr. Armstrong, My father was ______ the banker who commissioned you to do the Turkish lira hedging project in 1983. He passed away as you know. I found this material in his files on Turkey that you apparently published back in 1985. Some articles are saying that Turkey is the epic center of debt. […]
We are witnessing the rebuke of career politicians by career politicians. The California Democratic Party took a vote and it concluded it will not endorse Senator Dianne Feinstein’s re-election bid this year. Feinstein is 84 and the oldest politician there who wants to run for another 6-year term. The delegates at the party’s annual convention […]
Private Blog for the Week of February 26th, 2018 Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.
QUESTION: You are not in favor of banning all guns? ANSWER: Absolutely not. If that were the case, the only people with guns will be government and criminals who buy them on the black market anyway. This is as absurd as outlawing prostitution and expecting nobody will do it anymore when that practice they say […]
We must always remember that one person’s perspective results in them looking at a decline as a buying opportunity and another looks at it as a time to sell. Perspective is everything and there will never be a 100% accord.
The Japanese cryptocurrency exchange Zaif has come out and admitted that a “system error” allowed customers to “buy” trillions of bitcoin for free. The Japanese newspaper, Asahi Shimbun, reported that Zaif informed users of the error in a post on their website. They explained that users could inadvertently “trade” the yen for virtual currency at an […]
What is happening in Germany is very critical because it is a reflection of the global trend. Schultz is under attack because the SPD has fallen to such a state that it is barely above the AfD. Party members are deeply concerned as I wrote that Schultz wanted a coalition for personal power. Yet there […]
A strong day for Asian equities with good performances from the core and periphery. It was only the Shanghai index that looked unsure early in the day that briefly slipped into negative territory after lunch, but only to finish back at opening days highs. A strong +0.65% return led by financials and industrials to […]
