Goodness gracious, me! Is this the ultimate case of the pot-calling-the-kettle-black or what? If there were ever a pure play in the great fraud of fiat, Elon Musk is it. Yet here he is electing to go with crypto instead. The true battle is between fiat & crypto. On balance, I support the latter. Actually, there is a seminal picture in these few words and it amounts to this: Crypto currencies are not money, they are the latest boiling hot speculative asset class that, ironically, is just another bastard spawn of the central bank money-printers. They are not an alternative … Continue reading →
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