Governments with mountains of debt are resorting to tax hikes and austerity policies.
All pensions are threatened…
His latest book, Surviving Fedcoin: How to Protect Yourself (and Profit) from America’s Coming Currency Change, is a public bet that the U.S. government will issue its own bitcoin which Casey views as “the last arrow” in its money quiver.
Hopefully new start up companies and existing small companies will leap on this opportunity.
More competition to the mega-corps is a good development, and alternatives to the current financial hegemony is a necessity.
According to Article 99 of Ecuador’s new law, Ecuador’s Financial and Monetary Regulatory Committee is being tasked with regulation of the new digital currency, and the Ecuadorian Central Bank is being charged with its implementation and development.