Showing posts with label bitcoin. Show all posts
Showing posts with label bitcoin. Show all posts
Bitcoin vs Gold Debate with James Rickards and Roman Skaskiw
Jim Rickards on the Currency Wars and Jim Hamilton on the Fed, Fracking and Peak Oil
Jim Rickards, author of "Currency Wars: The Making of the Next Global Crisis" and the upcoming book "The Death of Money: The Coming Collapse of the International Monetary System " sees the dollar-based fiat currency system coming to end. He spoke to us about where we are in the process.
Also, Jim Hamilton, Professor of Economics at University of California, San Diego gave us a preview of what we are likely to see from Janet Yellen as Fed chair as well as for the US economy. He also gave us a deep dive into the world of fracking, explaining what shale oil can and cannot do given the dearth of cheap oil.
Finally, Rachel Kurzis and Erin discuss global brands like Google, Target and Coca Cola and what they mean for companies.
- Source, Russia Today:
Caution in the World of Bitcoin
Bitcoin is an interesting phenomenon. I�ve actually read a number of the technical papers, a number of legal briefs on them. I�m not anti-bitcoin or [a] bitcoin basher. I don�t invest in them personally, I don�t recommend them to clients. I understand them technically. They seem to appeal to technophiles and libertarians.
The only thing I say to bitcoin people is, watch out for a couple of things. Number one, if you buy a bitcoin at one level and you redeem it for goods or services at a higher level, you have a taxable gain you have to put on your tax return. I daresay, very few people are doing that so they�ve all sort of become tax evaders.
And, a lot of people think if you�re in the bitcoin cloud the government is not watching, they are watching. So, consider the fact that you may be a tax evader and the government is looking over your shoulder, this will play out in time. So there is a little bit of caution in the bitcoin world.
- Source, Finance News Network:
http://www.finnewsnetwork.com.au/archives/finance_news_network25563.html
The only thing I say to bitcoin people is, watch out for a couple of things. Number one, if you buy a bitcoin at one level and you redeem it for goods or services at a higher level, you have a taxable gain you have to put on your tax return. I daresay, very few people are doing that so they�ve all sort of become tax evaders.
And, a lot of people think if you�re in the bitcoin cloud the government is not watching, they are watching. So, consider the fact that you may be a tax evader and the government is looking over your shoulder, this will play out in time. So there is a little bit of caution in the bitcoin world.
- Source, Finance News Network:
http://www.finnewsnetwork.com.au/archives/finance_news_network25563.html
Jim Rickards - Currency War's Update
Jim Rickards is interviewed by Future Money Trends. Jim gives a status update on the ongoing currency war's and talks gold, silver, bitcoin and much more. Enjoy the interview!
- Source, Future Money Trends:
The Great Bitcoin Debate
Ribbit Capital's Micky Malka and Tangent Capital Partners Jim Rickards debate the pros and cons of bitcoin from the Bloomberg Link Next Big Thing Summit in Half Moon Bay, CA.
- Source, Bloomberg TV:
http://www.bloomberg.com/video/bear-and-bull-the-great-bitcoin-debate-yOOpf~n4TQqRl~K_I~Tg6A.html
- Source, Bloomberg TV:
http://www.bloomberg.com/video/bear-and-bull-the-great-bitcoin-debate-yOOpf~n4TQqRl~K_I~Tg6A.html
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