Tag Archives: euro

June 8, 2011

The Bitcoin Is Global Currency’s Future

By Erick's Brain

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If you don’t know what Bitcoin is, Google it. Currency online is taking a huge turn to the left, and that’s probably the direction it’ll keep going. With Bitcoin, you can exchange your dollar, euro, and yen for non-government regulated online money. The feds ain’t gon’ like this!

With current global economy pushing the average consumer-investor to hide their money under mattresses and in cookie jars, Bitcoin is a handkerchief to wipe some sweat off their brows. It’s an online currency exchange that has its own deflation mechanism. It’s its own money!

The concept will take time for most people to understand, but that’s an advantage for the early users. The deflation mechanism allows for the population growth of users to bring the value of the bitcoin up, no matter the external value of the particular currency in exchange.

I know, it sounds confusing, right? Think about it like this, if you exchange your dollar for a bitcoin now, it’ll be worth more tomorrow when all your friends finally decide to do the same. And since it’s not regulated by any government establishment, it’s not a fiat currency, so the population regulates its value. Get it?

Okay, lemme do it first, then tomorrow, you go do it.

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May 30, 2011

Greece Needs Elbow Grease

By Erick's Brain

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Greece is broke. They got a €327B debt! That’s around $520 billion dollars, and it ain’t looking like they’ll pay that off no time soon. Instead of just tapping out and filing bankruptcy, they askin’ to borrow more cash, €65B on top of the €110B they just got! Get a job Greece!

Greece went wrong when they decided to participate in this capitalistic game, and then forgot to privatize their damn infrastructure. Now it’s looking like a steep uphill battle to switch the game plan, and the European nations with the most paper are ready to be stingy. Sucks doesn’t it?

How does this affect us though? Well, if the Euro Zone shells out the paper, chances are they’ll keep having to, sending the euro into a downward spiral. That means the dollar will be winning again, but the catch is, we ain’t really got no money fool!

Greece should just call it quits, privatize their energy, financial, and construction sectors, and let their citizens own a piece of the pie. All these bailouts and loans floating around the world’s financial markets recently are all grounds for more trouble.

And while we’re shitting on Greece’s €327B shenanigans, let’s not forget we’re boasting a $14.3 trillion dollar debt in our bank statement. What is we gon’ do!?

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