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Claudio Grass on Cryptocurrencies and Gold – An X22 Report Interview

 

The Global Community is Unhappy With the Monetary System, Change is Coming

Our friend Claudio Grass of Precious Metal Advisory Switzerland was recently interviewed by the X22 Report on cryptocurrencies and gold. He offers interesting perspectives on cryptocurrencies, bringing them into context with Hayek’s idea of the denationalization of money. The connection is that they have originated in the market and exist in a framework of free competition, with users determining which of them will be winners and losers.

Claudio stresses that the decentralization of these currencies in particular is a crucial development. It cuts out countless middlemen, who are often protected by  state-granted privileges. The blockchain they are based on is a model that is not only useful for competing currencies, but for a great many other things as well. Increased decentralization means more choice, fewer restrictions, more competition and lower costs.

There is a lot more – here is the podcast:

 

Full story here
Pater Tenebrarum
Pater Tenebrarum is an independent analyst and economist/social theorist. He has been involved with financial markets in various capacities for 39 years and currently writes economic and market analyses for independent research organizations and a European hedge fund consultancy as well as being the main author of the acting-man blog.
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