Tag Archives: Jim Quinn

Bits and Pieces – 20171117, Friday

Commentary: In Bits and Pieces – 20170731, Monday, I discussed why Bitcoin can’t be considered to be a currency. Martin Armstrong, in discussion of the “petrodllar” (Is the Dollar Really a Petrodollar anymore?), lists its key features:

  1. it can be used worldwide without permission from the USA as is the case with the Japanese yen;
  2. it is a single currency with a single federal debt market where BIG money can park – that is not the case for the Euro, Ruble, or Yuan.
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