Oktober 2024

Kjedebrev Oktober 2024

Central banks set for 'forceful' hyperactivity?: Mike Dolan, Reuters, 2024-10-04

“Hyperinflation is a form of economic disaster unique to government money. There was never an example of hyperinflation with economies that operated a gold or silver standard”
—Saifedean Ammous

The birth of the Euro, Delancey Place, 2024-10-08

"Expansion means complexity and complexity decay."
—C. Northcote Parkinson (1909-1993)

Dollar won't fall as rest of world won't let it, Reuters, 2024-10-09

“Every prediction is an operation on the past.”
― Norbert Wiener (1894-1964)

Russia calls on BRICS partners to create alternative to IMF, Reuters, 2024-10-10

“Our thesis is that the idea of a self-adjusting market implied a stark utopia. Such an institution could not exist for any length of time without annihilating the human and natural substance of society; it would have physically destroyed man and transformed his surroundings into a wilderness.”
― Karl Polanyi (1886-1964)

As BRICS Accumulate Gold, Western Banks Continue to Short Sell, Jerusalem Post, 2024-10-14

"Governments lie; bankers lie; even auditors sometimes lie: gold tells the truth."
—William Rees-Mogg (1928-2012)

Les MacDonald: BRICS and the end of the dollar, Pearls and Irritations, 2024-10-15

"In the long run, failure was the only thing that worked predictably. All else was accidental."
― Joseph Heller (1923-1999)

SHINOBI: Gaza is the most powerful demonstration of bitcoin since Wikileaks, Bitcoin Magazine, 2024-10-16

“Bitcoin is the beginning of something great: a currency without a government, something necessary and imperative.”
—Nassim Nicholas Taleb

DBS rolls out Token Services for blockchain-enabled banking for institutions, Ledger Insights, 2024-10-18

“Whereas most technologies tend to automate workers on the periphery doing menial tasks, blockchains automate away the center."
— Vitalik Buterin

IMF and BRICS: no return to Bretton Woods, Michael Roberts Blog, 2024-10-20

“Banking has evolved into a business that generates returns without risks to bankers and simultaneously creates risks without returns for everyone else”
—Saifedean Ammous

When money dies, Delancey Place, 2024-10-22

"The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists."
― Ernest Hemingway (1899-1961)

Satoshi Nakamoto Statue In Lugano Is Inspiring, Bitcoin Magazine, 2024-10-25

"We define an electronic coin as a chain of digital signatures. Each owner transfers the coin to the next by digitally signing a hash of the previous transaction and the public key of the next owner and adding these to the end of the coin. A payee can verify the signatures to verify the chain of ownership."
—Satoshi Nakamoto

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