Economic Update

Understanding what is happening with the economy worldwide is not looking very bright, with most country’s debt to GDP (Gross Domestic Product) with Japan leading the way at 400 percent debt ratio. GDP is the total goods produced in a giving year.

What this means is Japan is in debt four times more than it is producing in a given year. Feel free to watch the short video produced by Dr. Greg Gerrie, he explains what is happening and what a possible solution will be.

Heres the Presentation

Here is an interesting chart that displays the value of Bitcoins since 2010 and how it has increased its value to the current market price of almost $9,600.00 US Dollars. Had you purchased 100 Bitcoins in 2010 for the bargain price of $19.00 US Dollars, your coins would now have a value of $917,028.00 US Dollars.

Global Protests Reveal Bitcoin’s Limitations

  • Protests in Hong Kong, Lebanon and Iran have forced cypherpunks to test censorship-resistant technologies in the wild. 
  • But protesters on the ground found they lack internet access during times of civil unrest.
  • Bitcoin has mainly proven useful for receiving value from abroad to hold and privately store.
  • Sources in Lebanon and Iran said there is scant liquidity, and since they are cut off from global exchange platforms, digital assets are rarely useful as currency.

If you would enjoy learning more about what we have with Karatbars, you can click on the image below to learn more about the benefits of Karatbars. 

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