A Word From Bob

As Seen & Heard

Contact Us

rss

Invest Yourself

The FREE Investment Newsletter That Really Works!

10.21.2017 - Free Investing Newsletter Bookmark

At The End of The Day
 
Over the years I’ve been asked about Bitcoin many times. For the most part my answer to it has remained about the same “at the end of the day, it’s a fiat currency”.  Now to the Bitcoin lovers, I’m just stupid. I have no problem with that. But then, do tell me...what exactly is Bitcoin backed by? Oh, digits “mined” from computer algorithms. In other words, I can’t exchange my Bitcoin for say gold, or silver? No. How about copper or Iron? Nope.

4.8.2015 Financial Intelligence Report Bookmark

The End

Pretty harsh words they are…”the end”.  It usually means you’ve finished the movie or finished the book. But it also means you’ve finished “something” and in our case the something is the great Nixonian error of “let it be”  fiat money.  The end of that particular experiment is indeed nearing its end.

One of the issues that a person like myself has is that because we are not “widely” known, my voice has little sway over public opinion. If you’re a TV star, or movie star, or basket ball player for the Heat, anything you say will be followed by a tremendous amount of people “backing you up”.  The most obvious examples of that are fashion trends. When a few Hollywood “A” lister’s started wearing “ugg” boots for example, there was such a public rush for them, the company “ran out” and had to increase production by over 400% to keep up with demand.

Social Media

Bob Recommends