Monetary Realism

Understanding The Modern Monetary System…

‘Markets’

Bitcoin is a Scam

Great article here about bitcoin price fixing. The article points out this valuation using the size of the bitcoin economy and a reasonable monetary velocity is at most $4 per bitcoin. “: As pointed out by Jon Matonis and others, Automattic’s WordPress bitcoin revenue turned out to be not representative. The BitPay clearinghouse has an… Read More

Is lower Chinese Manufacturing all part of the Plan?

Screen shot 2013-07-24 at 7.27.29 AM

China released a survey of purchasing managers yesterday and Chinese manufacturing is at an 11 month low. From Bloomberg: “China’s manufacturing weakened by more than estimated in July, according to a preliminary survey of purchasing managers that casts further doubt on the government’s ability to meet its annual economic growth (CNGDPYOY) target. The reading of 47.7 for… Read More