By Evander Smart
Some believe that the global economic climate is getting worse by the day, with the collapse of Cyprus, Greece (Grexit), Argentina, Venezuela, Zimbabwe in our rearview mirror. The potential implosion of Italy, Spain, and others looking to vacate the European Union appear to be on deck.
These are trade winds, or economic tea leaves to be read. Do you believe what the mainstream media’s eyes and ears are telling you? I say get all the information, from all sides, to make an educated decision that will affect your financial future, because it looks like the future is about to get affected in a major way.
This article will drop some nuggets out of “The Information Age” you may have missed while “The Olympics” were going on, and it may help someone in the weeks and months to come.
I thought there was enough here to collect and present as noteworthy, if still merely speculative ‘bro-science’ from around the globe. Call it fear-mongering, ‘broscience,’ or conspiracy theorist junk food for the mind (I vote ‘broscience’ myself. My broscience always works out, sometimes.)
It could turn into nothing, or it could mean everything. If you plan on being around for the rest of the year, it is probably worth some attention. And yes, it could easily affect Bitcoin’s economic future, as well.
Let’s begin with the crux of the subject. The Rothschild family, currently led by Lord Jacob Rothschild, recently announced that they are moving out of the U.S. Dollar, the global reserve currency, into gold and ‘other currencies.’
Lord Jacob Rothschild explains in the semi-annual RIT Capital Partners report:
"Our significant US Dollar position has now been somewhat reduced as, following the Dollar's rise, we saw interesting opportunities in other currencies as well as gold, the latter reflecting our concerns about monetary policy and ever declining real yields."
Hundreds of books and conspiracy theories have been created about the Rothschild family and just how wealthy and powerful they are. With alleged connections in everything from the Bank of England to M16, to The Bilderberg Group, suffice it to say it is common knowledge that the rumored trillionaire family could buy and sell billionaire Donald J. Trump and not even notice the transaction.
So when a Rothschild says they have reduced their position in the U.S. Dollar, it is a big deal worth noting, or even taking advantage of. ‘Follow the money,’ right?