{"id":554146,"date":"2017-09-18T18:00:00","date_gmt":"2017-09-18T18:00:00","guid":{"rendered":"http:\/\/juniorminingnews.com\/?p=554146"},"modified":"2017-09-18T18:00:00","modified_gmt":"2017-09-18T18:00:00","slug":"the-blockchain-could-potentially-be-as-disruptive-as-amazon-was-in-the-1990s-2","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=554146","title":{"rendered":"The Blockchain Could Potentially Be as Disruptive as Amazon Was in the 1990s"},"content":{"rendered":"
\"Do<\/a><\/div>\n
click to enlarge<\/small><\/p>\n

Some could easily take from this poll that Frank Talk readers are huge Trump supporters\u2014and many of them are\u2014but that would be overlooking the fact that nearly 40 percent said they disapprove of the way he’s handled his job.<\/p>\n

I share this because it serves as a relatively accurate cross section of the types of opinions and perspectives I come across during my travels. Some of those opinions end up informing my own thinking, some don’t\u2014but all of them are added to my \u201cbook.\u201d<\/p>\n

Now with North Korea launching even more rockets over Japan, the market continues to make new highs. This is what I was asked most often last week on CNBC Asia, Bloomberg Radio and Fox Business. As I said then, I’m bullish because the purchasing manager’s index (PMI) is up and oil prices are down, thanks to the ingenuity of Texas fracking, which has created a global peace tax break. The weaker dollar is also favorable for exports and gold.<\/p>\n

\"Block<\/p>\n

Bitcoin on Sale After the China-Dimon One-Two Punch<\/h3>\n

Someone whose opinion I greatly admire, even if I don’t always agree with it, is Jamie Dimon’s. The highly-respected JPMorgan Chase CEO was asked last week at a global financial services conference in New York to share his thoughts on bitcoin\u2014which can be as polarizing as President Trump. Some people love the cryptocurrency, some people hate it.<\/p>\n\n\n\n
\n

\"JP<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Dimon, who’s decidedly in the latter camp, didn’t mince his words.<\/p>\n

Although he likes blockchain technology, which bitcoin is built on top of, he began by saying he would fire any JPMorgan trader who was caught trading bitcoin, which he went on to call \u201cstupid,\u201d \u201cdangerous\u201d and \u201ca fraud.\u201d<\/p>\n

\u201cYou can’t have a business where people can invent a currency out of thin air,\u201d he said.<\/p>\n

With all due respect to Dimon, some might point out that \u201cinventing a currency out of thin air\u201d is how we got Federal Reserve Notes and other forms of paper money in the first place. Even he admits this:<\/p>\n

\u201cThe first thing a nation does when it forms itself\u2014literally the first\u2014is forming currency.\u201d<\/p>\n

Bitcoin\u2014and any of the 800 other cryptocurrencies\u2014takes this idea to the next level, the main difference being that no third party or monetary authority controls its issuances or transactions. It’s all peer-to-peer.<\/p>\n

Governments tend to resist anything that disrupts the status quo, which is why we saw <\/a><\/p>\n<\/div>\n

By Frank Holmes
\n\tCEO and Chief Investment Officer
\n\tU.S. Global Investors<\/p>\n

\n

A quote often attributed to St. Augustine, the early Christian theologian, is: \u201cThe world is a book, and those who do not travel read only a page.\u201d I feel blessed to be able to travel as much as I do\u2014not because I’m a big fan of 10-hour flights or living out of a hotel room. I feel blessed because travel allows me to meet and speak at length with some truly fascinating and successful people, from CEOs of firms both large and small, to deal lawyers, to audit partners.<\/p>\n

Hearing varying opinions on global issues and politics has helped expand the scope and depth of my \u201cbook,\u201d or understanding of the world. In turn, I enjoy sharing some of these thoughts with you, as regular readers of Investor Alert and Frank Talk know well.<\/p>\n

Opinions come a dime a dozen, of course, and in today’s hyper-partisan world, it’s impossible to expect everyone to agree on all things all of the time.<\/p>\n

Case in point: I recently polled readers on their approval of the way Donald Trump has handled his job as president so far. This isn’t a scientific poll by any stretch of the imagination, but for whatever it’s worth, a combined 56 percent of participants said they approve of the president. Amazingly, that’s roughly the percentage of Electoral College votes given to Trump in November. (The exact figure is 56.87 percent.)<\/p>\n

\n\tclick to enlarge<\/p>\n

Some could easily take from this poll that Frank Talk readers are huge Trump supporters\u2014and many of them are\u2014but that would be overlooking the fact that nearly 40 percent said they disapprove of the way he’s handled his job.<\/p>\n

I share this because it serves as a relatively accurate cross section of the types of opinions and perspectives I come across during my travels. Some of those opinions end up informing my own thinking, some don’t\u2014but all of them are added to my \u201cbook.\u201d<\/p>\n

Now with North Korea launching even more rockets over Japan, the market continues to make new highs. This is what I was asked most often last week on CNBC Asia, Bloomberg Radio and Fox Business. As I said then, I’m bullish because the purchasing manager’s index (PMI) is up and oil prices are down, thanks to the ingenuity of Texas fracking, which has created a global peace tax break. The weaker dollar is also favorable for exports and gold.<\/p>\n

\n

Bitcoin on Sale After the China-Dimon One-Two Punch<\/p>\n

Someone whose opinion I greatly admire, even if I don’t always agree with it, is Jamie Dimon’s. The highly-respected JPMorgan Chase CEO was asked last week at a global financial services conference in New York to share his thoughts on bitcoin\u2014which can be as polarizing as President Trump. Some people love the cryptocurrency, some people hate it.<\/p>\n

Dimon, who’s decidedly in the latter camp, didn’t mince his words.<\/p>\n

Although he likes blockchain technology, which bitcoin is built on top of, he began by saying he would fire \u2026read more<\/a> <\/p>\n

Source:: Frank Talk<\/a><\/p>\n

The post <\/a>The Blockchain Could Potentially Be as Disruptive as Amazon Was in the 1990s<\/a> appeared first on Junior Mining Analyst<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

click to enlarge Some could easily take from this poll that Frank Talk readers are huge Trump supporters\u2014and many of them are\u2014but that would be overlooking the fact that nearly 40 percent said they disapprove of the way he’s handled his job. I share this because it serves as a relatively accurate cross section of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/554146"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=554146"}],"version-history":[{"count":0,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/554146\/revisions"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=554146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=554146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=554146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}