The Bitcoin Knowledge Podcast

In episode 14 Adam Curry asked several questions.  I addressed those in Answers to Adam Curry.  This episode is a summary of those answers which appeared on the Daily Source Code 29 April 2008.  Discussion of the monetary provisions of the Constitution including the powers and disabilities.  These provisions for sound money stand as bulwarks against despotic inroads by government.  The Federal Reserve System is in complete opposition to...

My first appearance on Adam Curry’s Daily Source Code on 8 April 2008.  Discussion on the four main types of risk which include (1) payment risk, (2) counter-party risk, (3) exchange-rate risk and (4) performance risk.  Derivatives play a huge role in the evaporation of t...

The U.S. Treasury Bill Bubble is the biggest bubble of them all.  The Treasury Bill bubble will burst.  As capital seeks safety and liquidity it will move into Treasury Bills resulting in 0% or even negative yields.  Then capital will move from Treasury Bills into physical Federal Reserve Notes because they have the same upside but are more liquid and safer.

All bankers are liars and frauds because they are engaged in fractional reserve banking.  The perplexing case of Foley v. Hill and Others was decided in 1848 by Lord Cottenham who stated:

The money placed in the custody of a banker is, to all intents and purposes, the money of the banker, to do with as he pleases, he is guilty of no breach of trust in employing it; he is not answerable to the principal if he puts it into jeopardy, if he engages in a hazardous speculation; he is not bound to keep it or deal with it as the pro...

The dollar based monetary system is the largest bubble in the history of the world and has created a derivative illusion.  Gold has been, is and will always be the center of the financial universe. In 1971, most people were too gullible and accepted the thinking that the earth (US$) revolves around the sun (gold).

As reported in Sound Money Filed In Indiana, in accordance with Article 1 Section 10 Clause 1 of the United States Constitution which states, “No state shall…make any Thing but gold and silver Coin a Tender in Payment of Debts…” Indiana State Senator Greg Walker of District 41, (R-Columbus), has filed Senate Bill 0453

The esoteric subject of quantitative easing and how Helicopter Ben Bernanke got his moniker.

The Derivative Illusion has been caused and perpetuated by the central bank gold price suppression scheme.  There is too much credit and debt in the worldwide debt-based monetary system.

Being prepared for the Information Age.  Transactions and trading can take place at the speed of light.  Consequently, it is extremely important to be prepared for the evaporation of the current monetary system.  I recommend holding at least 5-15% of your net worth in physical bullion in either your personal possession or in the possession of a trusted third party such as GoldMoney.

Discussion on counter-party risk and the difference between tangible and financial assets.  Counter-party risk is exposed due to the financial ability of the counter-party to honor the contract.