World Paper Money To Be Replaced By Electronic-Digital Currency

Five years ago, I found myself in Buenos Aires, Argentina on a long-awaited vacation to the South American country. The country has a very European flavor with some 97% of its population having Euro roots. Specifically, there is a concentration of Italian and German surnames in that country. It was interesting to me as a native Central American how there were so many famous people from Argentina with Italian names (Manu Ginobili of NBA fame and Gabriela Sabatini from the world of tennis). This Italian heritage definitely comes into play in Argentine politics.

Besides leaving a lot of unhappy drug users in the bust’s wake, the Bitcoin Evolution App took a hit after the news of the federal bust was released online. The digital money went from a high of $141 to below $120 today.

Other details released on Wednesday show that the Fed’s expansion of the monetary supply is not having their desired effect of increasing prices at a rate of 2 percent per year, with their latest projections predicting increases of 1.2-1.3 percent for 2013, 1.5-1.7 percent for 2014, 1.7-2.0 percent for 2015, and 1.9-2.0 percent for 2016. The projected annual growth in gross domestic product (GDP) for 2013 and 2014 was revised downward from the June projection, with the 2013 projection dropping to 2.0-2.3 percent from 2.3-2.6 percent, and the 2014 projection dropping to 2.9-3.1 percent from 3.0-3.5 percent.

Just putting the word e-currency into a search engine will bring up a huge list of strangely named currencies that you have probably never heard of. There are though a few big online currencies that are bitcoin accepted by many merchants companies and shops.

NP: What about your experience as an entrepreneur? It’s been a crazy roller coaster for you, having to shut down and then being able to relaunch. Any advice?

A run on Argentine bank deposits occurred in 2001. The natives were understandably restless with the continued failure of their government’s economic policies. People wanted to flee the Argentine peso for the refuge of the USD. As you might expect, the government froze bank accounts for up to a year and limited customer withdrawals. Recently we had something similar occur in Cyprus when rumors began swirling about deposit confiscation in order to deal with the poor financial state of banks in that country. In similar fashion, the government of that country took measures to limit withdrawals and the rumors became fact. Depositors did lose money though the term used was the more euphemistic “tax”.

12/5: The feature guest this week on the Two Plus Two PokerCast is high stakes Pot-Limit Omaha specialist Ben ‘Ben86’ Tollerene. Also featured on the program is Kristin Wilson, Owner and founder of Poker Refugees, a company which helps players relocate to online poker friendly countries. Later in the program the guys check in with regular contributor to the show Nolan Dalla to get his insight on the passing of poker pro and author Lou Krieger. Mike and Adam also provide some WPT coverage. [Visit Website] [Download MP3].

If you trade with automation tools whether they are web-based or software systems, you will finding trading forex to be much easier, more profitable and less stressful.