Here's the latest posted on Zerohedge...
The $12 Trillion Fat Finger: How A "Glitch" Nearly Crashed The Global Financial System - A True Story
http://www.zerohedge.com/news/
"And here is Zero Hedge's conclusion: the next time you think all those paper reps and warranties to claims on billions if not trillions of assets, are safe and sound in some massively redundant hard disk array, think again."
It becoming more and more clear everyday - electronic assets are not built to last and they will disappear much more quickly than they were adopted. The history of transforming money into electronic blips is only 50 years old and yet 99.999% of the world population has total and complete faith in them.
Unfortunately, they will likely learn the hard way why it is so important to hold your assets OUT of the Global Electronic Monetary System.
May the Road you choose be the Right Road.
Bix Weir
www.RoadtoRoota.com
PS - I include BITCOIN in my analysis as those that hold their Bitcoin in 3rd party storage companies will likely lose it all as well. Those companies are 100% tied into the fiat monetary system and, like money held at a bank, they will treat your deposits as their own. Just ask those that held their Bitcoin in MtGox! Like your physical gold and silver - you should hold your Bitcoin in your own possession!
PPS - For answers to the million questions you have right now it is all in my books!!
Book I: "Silver, Gold, Bitcoin...and God!"
http://www.roadtoroota.com/
Book II: "Out of The Darkness"
http://www.roadtoroota.com/
No comments:
Post a Comment