Thousands
of years of monetary history
reveals, only gold money is
inflation resistant, unlike
fiat currency that inevitably
inflates away into oblivion.
In
only 100 years the purchasing
power of the dollar has evaporated;
data from the Federal Reserve
reveals only 4 pennies remain
for each one dollar printed.
Given
the insidious nature of inflation,
one would expect monetary
policy to be the topic du
jour.
Nevertheless,
a key founder of modern economics,
John
Maynard Keynes noted,
"not one in a million
will detect (inflation)."
In
1971 the US President granted
control of the money supply
to bankers by closing the
gold window, ending the exchange
of Greenbacks for gold.
Lynette
Zang draws startling parallels
between today's financial
markets and the Great Depression
era of 1930's, including rampant
margin leverage of 10:1.
An
economic calamity may be inevitable,
unfolding as soon as 2021.
It
is advisable to expand their
local network to improve the
odds of survival and boost
household stockpiles of food
/ medicine / PMs / energy
and self-defense.
In
only 5 years, Draper University is already setting
the standard in education, with several success
stories including a billion dollar crypto-token
company.
In
2014, his forecast of $10,000 BTC by 2017 came to
pass ahed of the prediction.
Tim
Draper expects the $86 trillion global currency
market to be eclipsed by Bitcoin / altcoins, which
implies a 240x-500x price increase from current
levels.
His
prediction last month of $250k Bitcoin by 2022,
resulted in "The Draper Effect" set the
floor on the $6,600 price, sending Bitcoin soaring
by 50%.
He
joins the chorus of leading financial gurus calling
for $1 million Bitcoin, adding that BTC could climb
into the millions per coin.
Key
qualities of BTC: A store of wealth, ease of transfer,
safety relative to traditional banking, less bureaucracy,
and frictionless transactions.
Additional
benefits: governments will compete for their citizens,
digitally; easy accessibility for the unbanked masses
as well as a parallel monetary system.
Tim Draper notes the brain drain of talent and of
wealth from regions with draconian legislation towards
crypto favorable areas, such as "Crypto-Rico."
Puerto
Rico offers entrepreneurs a tax safe haven, funnelling
wealth to the island where officials hope new capital
will rebuild the devastated infrastructure.
While Japan wisely adopted Bitcoin as legal tender,
bringing considerable affluence, other nations have
struggled to accept the decentralized blockchain.
To
paraphrase M. Gandhi: First they laugh at you, next
they ignore you, then they attack you, and then
you win.
Similarly,
although JP Morgan and related institutions first
rejected Bitcoin, FOMO is rampant on news that Goldman
Sachs announced a BTC trading desk.
Economists
/ policymakers and investors who resist the inevitable
pull of the crypto-revolution are doomed to mediocrity,
while those who adapt to the new trend will improve
their odds of success.
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Guest
Bios
Tim
Draper
Draper
University
Tim
Draper, legendary Silicon Valley venture capitalist
founded Draper University in 2012 with a vision
and belief that in order to change the world
we have to change education. Draper University
aims to teach entrepreneurship globally in an
entirely new way. Through hands on training,
an innovative curriculum and thought leadership
Tim Draper brings together young entrepreneurs,
startup founders, executives and investors all
under one roof. Tim Draper has deep roots in
entrepreneurship and venture capital with a
rich background that started by founding Draper
Associates in 1985. Tim is thrilled to be leading
the charge to disrupt entrepreneurship education
and is excited to have Draper University as
the star of the show in the new ABCFamily series
StartupU.
In
1964, I began my studies on gold and collectibles
via my Uncle, who was a high-end antique dealer
in New York. My father was a real estate developer
in Kingston, New York. With his contacts in local
commercial banking, I began my banking career at
15. I focused my college education on business finance,
first at Fairleigh Dickenson University in Teaneck,
New Jersey. After a semester in England at Wroxton
College I transferred to the University of Arizona
in Tucson. I remained in commercial banking until
1986 when I shifted to investment banking with Larson
Lehman/American Express and became a stock broker.
Initially I focused my attentions on the government
bond market, learning the nuances of debt and interest
rate moves on bond maturities. In that capacity,
I stumbled across non-dollar denominated bonds and
added the currency dimension. This led to the discovery
of currency life cycle patterns and a deep understanding
of the impact of those life cycles on all socioeconomic
levels and asset classes. My mission is to translate
financial noise into understandable language and
enable educated, independent choices. All my work
is fact and evidence based and I share these tools
openly. I believe strongly that we need to be as
independent as possible and at the same time, we
need to come together in community to survive and
thrive through the hyperinflation I see in the near
future.
Peter
Kendall, coeditor of The
Elliott Wave Financial Forecast
makes his show debut. Current
Elliott Wave analysis suggests
that the US shares indexes are
registering ominous signals.
John
Williams of Shadowstats.com,
a leading online alternative economic-resource
sees the potential for an explosive move
in the PMs sector / commodities.
CEO
Erik Voorhees, Shapshift.io & Chris
Waltzek Ph.D. - April 19th, 2018.
Erik
is CEO of the instant Bitcoin
and altcoin exchange, ShapeShift.io,
a groundbreaking coin / token service that
facilitates quick and virtually free exchange
of nearly any cryptocurrency.
Listeners' Q&A - Chris Waltzek Ph.D.
- April 12th, 2018.
The
latest Listener's Q&A segment includes
phone calls on the increasingly popular
topics of silver and Bitcoin from Tom in
Arizona, John in Sunny San Diego and an
anonymous caller.
Bill
Murphy & Chris Waltzek Ph.D. - April
11th, 2018.
Top
Wall Street Chartered Technical Analyst (CTA),
Ralph Acampora of Altaira
Wealth Management,revered
as "A Professor of Technical Analysis,"
returns.
Arch Crawford & Chris Waltzek Ph.D.
- March 7th, 2018.
CEO
Thomas
Coughlin the founder of Kinesis
as well as, Andrew
Maguire, return with part two of
this epic-exclusive Goldseek conference
call, simultaneously on three continents.
Lior
Gantz & Chris Waltzek Ph.D. - March
1st, 2018.
Andy
Schectman of Miles
Franklin Institute is partnering with
Sprott Asset Management on a physical gold
backed, distributed ledger with bullion
held at the Royal Canadian Mint.
Peter Grandich & Chris Waltzek
Ph.D. - February 14th, 2018.
Chris
Blasi, President of Neptune
Global LLC underscores gold's
4000 year track record as sound money,
noting further that the year 2000
gold bull market is still underway.
Nick
Barisheff & Chris Waltzek Ph.D.
- February 8th, 2018.
Part
I. with Bix Weir of RoadtoRoot-A
continues the ongoing investigation into
the intriguing crypto-phenomenon, which
may be the early adopter stage of a ubiquitous
revolution.
Chris Powell & Chris Waltzek Ph.D.
- April 25, 2018.
Chris
Powell of
GATA.org
returns from a speaking tour in Hong
Kong and Singapore including CNBC and
Bullion Star, with intriguing research
on the Bank of International Settlements
(BIS).
Peter Kendall & 
Bill
Murphy & Chris Waltzek Ph.D. - April
11th, 2018.
Eagle
Plains Resources Ltd. CEO, Tim J. Termuende
& Chris Waltzek
Ph.D. - April 4th, 2018 
Andy Schectman &
Chris Waltzek Ph.D. - February 22nd, 2018.**
