Michael Pento, Chris Waltzek Ph.D. & Robert Ian - January 18th, 2019 - Goldseek.com Radio. A Spina-Waltzek Production-©2005-2019 http://radio.goldseek.com/ Royalty free music from Google Play. Discl

Jan. 18th, 2019(S14-E679)Featured GuestsMichael Pento Please Listen HereShow HighlightsMichael Pento, President and Founder of Pento Portfolio Strategies LLCreturns to Goldseek.com Radio with a cutting-edge dialogue on Bitcoin.Fiat money is quickly becoming a true "barbarous relic" thanks to the unsound policies of global central bankers.The host outlines a bullet list of the remarkable qualities of cryptocurrencies "future-money" and the duo engage in a thought provoking debate.The Bitcoin Bubble - the exponential rise of Bitcoin / Cryptos in 2017, where Bitcoin ascended from $1,000 to $20,000 in only 12 months, a 20x advance.The host / guest find parallels with the bitcoin buble and the epic Nikkei market zenith. The host finds similarities with the Dot.com bubble where many companies survived and thrived, such as Amazon, Google and eBay.Governments can shutdown cryptos easily: Mr. Pento notes the small number of BTC holders and core developing team as potential challenges.The host counters with the decentralized nature of many coins and peer-to-peer structure of Bitcoin.Bitcoin remains a national currency of Japan, an extremely techno-friendly country.Crytocurrencies are not money or currencies: Mr. Pento says cryptos are not rare and indestructible.The host counters with the nearly indecipherable nature and immutable aspects as well as the distributed digital ledger.Cryptos maintain value, albeit via highly volatile, an ideal peer-to-peer digital currency solution.Gold is real money but not silver: Gold is the king of currencies, silver is the prince and cryptos share many similar qualities.Bitcoin has been diluted by Forks (similar to dividends) and 10,000 other competing tokens.The host agrees that there is dilution, however, there are also over 15,000 stocks trading on US exchanges and many companies within each industry.Dilution does not detract from the value of cryptos but is de facto evidence of the need for diverse tokens.Cryptos have no value? Mr. Pento advocates digital wealth as a chief means of transferring wealth abroad.The host directs the dialogue to the Bitcoin revolution underway in Venezuela where people are fleeing in droves amid 10 million percent inflation.Transferring wealth across borders is challenging given the $300,000 could price of $3 loaf of bread, according to forecasts.Just 2 years earlier and a gold coin $120,000,000 or $120 million in Venezeula!Parallels are drawn between the numerous inflationary fiasco's from the genesis of civilization until today, including Ancient Greece, Rome, China.100 years of inflation during the 1700's in France is outlined best by Fiat Money Inflation in France (White, 1876), free PDF / HTML copies here.In the last century, hyperinflation ravaged the economies throughout Europe as well as Zimbabwe.Michael Pento outlines his less than favorable $1,300 Bitcoin price forecast via the Pentonomic multivariate-regression model.Russia may purchase up to $10 billion in Bitcoin as a currency diversification according to Zero Hedge.com. Subscription Options                                     Monthly : $29.89 USD                                      - monthly                                     Annual : $142.85 USD                                      - yearly                                     5 year :