$BTC Turns 11; @Jack Says "Earn it"; A Powerful Woman Takes On A Tough Job
Issue #20 November 1, 2019-Weekend Edition
It’s November 1st and the candy has all been distributed and the dentists are licking their chops for a new round of cavity appointments as we enter the final 60 days of 2019!
The Bitcoin whitepaper turned 11 on Oct 31, 2019
It’s been 11-years already! Have you bought your first Bitcoin yet? If not you can start #StackingSats and dollar-cost averaging a digital asset strategy as a hedge against future turmoil in the FIAT financial system. (#StackingSats is industry slang for saving money in Satoshis-a derivative similar to cents in USD, but instead of .01 USD they are equal instead to 1/100m of a Bitcoin or roughly 0.00000001 BTC.)
If you still haven’t read the original 9-page whitepaper that has forever changed the world and may end up being as important to the future of humanity as the invention of the wheel, electricity, and the internet itself you can view it here and add it to your Wealth Matters Weekend knowledge building!
Happy Birthday, Bitcoin! Thank you, Satoshi wherever you are!
Twitter refuses all political ad buys moving forward
Jack Dorsey continues his progressive leadership at the social media giant Twitter by publicly announcing a new moratorium on any paid reach advertising by political action committees, candidates, campaigns, or issues. This is a direct moral assault against rival Facebook and also a stand by one of the major platforms to try and created a more level playing field to give us a chance at fair and equitable elections again.
If you haven’t figured out yet, why this is such and important and noteworthy decision watch The Great Hack below on Netflix this weekend.
What’s next at the ECB and IMF in transition?
For the last several decades the U.S. President has been often listed as the most powerful person in the world commanding the world’s leading economy and controlling the direction of what many consider the “free world”. However, someone most investors know by name, but whose organization is less well understood, in my opinion, is well on track to become the most powerful person (and is already one of the most powerful women) in the world.
Meet Christine Lagarde, who this week began her new role as President of the European Central Bank (ECB) after an 8-year stint as the Chairwoman and Managing Director of the International Monetary Fund (IMF). Her initial comments have already caused controversy when speaking about negative interest rate policy and saying,
“We Should Be Happier to Have a Job Than to Have Our Savings Protected.” ~Christine Lagarde; President, ECB
However, hope that her diplomatic and negotiation skills can navigate a split Governing Council remains high. Either way, what happens next in the Eurozone, the Euro, and with Brexit now rest squarely on her shoulders. Read more of the story here
The most powerful person/woman in the world?
Meanwhile, another woman may soon be listed as the most powerful person/woman in the world as she took the reigns from Lagarde at the IMF this October. Her name is Kristalina Georgieva. In a future scenario in the coming decade where we have a major global financial crisis and the major central banks and Fed prove to be impotent in creating stimulus, a Bretton Woods 2.0 i.e. “next-world-order-shaping” meeting may find the IMF squarely in the position to create a replacement global reserve currency or crypto SDR (Special Drawing Right) money that is the ultimate bank of last resort. I predict that this is a likely scenario of many possible outcomes to replace the USD in its present hegemony and would be one of only a handful of ways to prevent the absolute system collapse as this everything bubble continues to inflate for possibly a few more years until it suddenly bursts. This is someone to watch for sure in the months and years to come.
From the IMF Website
“Created in 1945, the IMF is governed by and accountable to the 189 countries that make up its near-global membership. The International Monetary Fund (IMF) is an organization of 189 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.”
In my humble opinion, it is also the best positioned and least publicly known of all central bank type organizations and would be one of the only “narratives” that could be spun and sold as the savior of the system (ultimate bailout and consolidation of money power) should things get ugly as anticipated in the years to come.
Well, happy reading and watching this weekend. Til Monday, take care of yourself and your money! ~ Chris