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How to Spot a Cryptocurrency Scam

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Ignorance and greed have been described as the fuel that has powered the engine of most scams and financial malpractices. There is a growing trend within the cryptocurrency industry that portrays the characteristics of a time-bomb waiting to explode. Almost everywhere you turn, there is a certain coin to mine, a product to invest in, or a cryptocurrency based MLM that promises extraordinary payouts. The number of individuals who subscribe to these programs, on a daily basis, rises exponentially. Before this current wave of events, there have been similar cases where money making programs, that looked too good to be true, appeared and sucked people in, only to suddenly collapsed. Victims of such scams have always been left in pains and regrets, for those who lived through the disappointments. Why do scams persist? One question that remains to be answered is the reason why the public keeps falling for this age long trick, despite their own previous pai...
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10 events accelerating the death of the US Dollar!

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The forecast about the impending death of the US Dollar is not a mirage. The following events (some of which have taken place) are great pointers to the fact that somewhere in the horizon the almighty Dollar will have to give way for something better, trusted and viable.  The events are worth emphasis, since each has enormous implications and fallout. Russia  jumped off the Petro-Dollar recycle wagon.  Their entire oil trade will not be kept in US Dollars. Instead, it will be exchanged immediately into Rubles. Expect some to be converted into RMB for their bilateral trade with China. The Russian action is an integral part of the demise of the Petro-Dollar. They react to US-led boycott. The Swiss removed the 120 Euro peg to their Franc currency.  For over three years their central bank had maintained a hoard of paper mache Euro currencies that accumulated perhaps as much as 800 billion Euros. It became unsustainable. They ran a long USDollar trade with ...
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Bitcoin puts Alan Greenspan in panic, forces him to declare for Gold to be adopted as Global Currency

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Former US Federal Reserve Chairman Alan Greenspan calls for a return to the gold standard as Bitcoin becomes positioned to take gold’s place as the world’s reserve store of value. Greenspan, who was the chairman of the US central bank from 1987 to 2006, presided over a period of “easy money policy” of low interest rates to provoke economic growth. This policy drew criticism from business leaders such as Steve Forbes for weakening the dollar and pushing commodities such as gold past its 12-year moving average in 2004. Since retirement, however, Greenspan has come out in favor of a more sound monetary policy, including a favorable view of gold as the world’s reserve currency: “I view gold as the primary global currency. It is the only currency, along with silver, that does not require a counterparty signature.” Sound money as a defense against looming stagflation Last year, Greenspan had adopted a similar position on currency, urging a return to the gold s...
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