The Fed Is Lying, Raising Rates Will Send The Economy Into An Insane Recession:David Moadel

x22report (75) in recession • 7 years ago

David is the head of research for bonds and gold at Portfolio Wealth Global, you can see his work on his YouTube Channel

recession rates insane gold cryptocurrency

7 years ago by x22report (75)

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cve3 (63) · 7 years ago

Thank You, Dave, for bringing David Moadel onto the X22Report Spotlight. Thank You, David Moadel for coming onto the X22Report Spotlight and sharing your work and keeping us informed.

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noxsoma (59) · 7 years ago

Looking forward to this interview. Great work. Thanks for the perspective.

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3 votes

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unclehermit (54) · 7 years ago

There seems to be somewhat of a misunderstanding here. Gold will not back cryptocurrency, cryptocurrency will (and already is) supporting gold. The cryptocurrency is merely the technology that provides the utility for gold, making it easy to store, track and spend. This is why it is cryptocurrencies with utility that will survive, the others have little purpose other than speculation. Bitcoin as a concept has already demonstrated weaknesses as a technology in terms of proof of work and energy use. Better decentralized ledger technologies are emerging that will make bitcoin and others obsolete.

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unclehermit (54) · 7 years ago

In response to explain myself more clearly:
https://steemit.com/gold/@unclehermit/gold-backed-crypto-how-about-crypto-backed-gold

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1 vote

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cwparkes (48) · 7 years ago

Excellent interview. You're so enjoyable and easy to listen to and have a great skill for promoting an easy but incredibly informative conversation when you have guests on!

Thank you, Dave!