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Kenneth Schortgen Jr

@argonath

Economist, finance columnist and avid pool player

336 followers 6 following 298 posts Reputation 49.13

Kenneth Schortgen Jr
@argonath Sep 21, 2017, 4:21 PM UTC

As some analysts project Bitcoin to be the 'new gold', the question to ask is does it replace paper or physical gold?

Are cryptocurrencies such as Bitcoin a replacement for sovereign currencies like the dollar, or are they more comparable to bonds, securities, or commodities such as gold? That is the question that m…

3 upvotes 3 replies $0.00
Kenneth Schortgen Jr
@argonath Sep 11, 2017, 7:05 PM UTC

Washington never lets a crisis go to waste as hurricane disasters offer opportunity to eliminate debt ceiling

It was President Barack Obama's former Chief of Staff Rahm Emanuel who once said, "never let a crisis go to waste." And whether one is a student of the Hegelian Dialectic which advocates creating two…

5 upvotes 2 downvotes 6 replies $0.00
Kenneth Schortgen Jr
@argonath Sep 11, 2017, 4:06 PM UTC

Gold-backed cryptocurrency have the potential to assume most of world's gold trading because of the blockchain

At the heart of all monetary matters is the emotional belief known as confidence. And without it, both currencies and markets crash or collapse in very short order. This is one of the reasons why cry…

3 upvotes 2 downvotes 2 replies $0.00
Kenneth Schortgen Jr
@argonath Sep 10, 2017, 3:54 PM UTC

ICO's industry crashing as fast as they arise as even boxing Champion Floyd Mayweather can't get love for his cryptocurrency

You know that an industry has reached bubble status when celebrities like Paris Hilton promote them, and world boxing champion Floyd Mayweather can't get love for a cryptocurrency he has created. And…

3 upvotes 2 replies $0.00
Kenneth Schortgen Jr
@argonath Sep 10, 2017, 3:34 PM UTC

Russia aids in China's new gold backed oil contract by signing agreement to deliver record amount of oil

Following China's announcement prior to last week's annual BRICS conference of their plans to implement a new oil contract that will be denominated in Yuan and convertible to gold, Russia is ramping…

8 upvotes 2 downvotes 2 replies $0.00
Kenneth Schortgen Jr
@argonath Sep 9, 2017, 6:37 PM UTC

The Daily Economist update for Sept. 9 2017 - Venezuela ready to dump dollar and BRICS plan a crypto

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5 upvotes 1 replies $0.00
Kenneth Schortgen Jr
@argonath Sep 9, 2017, 4:56 PM UTC

Dubai Gold Exchange to have Sharia compliant gold contract ready in early 2018

As more and more countries expand their markets to include the trading of gold futures which are deliverable on demand in the precious metal, one of the potentially largest markets on the earth is al…

3 upvotes 2 downvotes 3 replies $0.00
Kenneth Schortgen Jr
@argonath Sep 9, 2017, 4:41 PM UTC

Bitcoin ransoms are back as Equifax hackers demand millions in Bitcoin for consumer data

No matter how much truth is provided to the public on how Bitcoin is simply a de-centralized medium of exchange no different than the dollar or Euro, as long as the hacker community continues to publ…

4 upvotes 3 replies $0.00
Kenneth Schortgen Jr
@argonath Sep 9, 2017, 4:29 AM UTC

More countries ready to dump the dollar as Venezuela threatens to use Yuan and Ruble following U.S. sanctions

During the first decade of the 21st century, any country who dared to go against the Petrodollar standard was summarily sanctioned, or in the cases of Iraq and Libya, invaded and decapitated by U.S.…

6 upvotes 0 replies $0.11
Kenneth Schortgen Jr
@argonath Sep 9, 2017, 2:24 AM UTC

$70 billion class action lawsuit comes swiftly against Equifax as news surfaces of Executives dumping stock before making the hack public

It will be years if not decades before all the consequences of the recent hack on American consumer's data will be completely sorted out, but this is not stopping a $70 billion class action lawsuit b…

4 upvotes 1 replies $0.00