Bitcoin to Soar Again After a Greek Financial Meltdown

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On this episode Jim discusses the upcoming expected financial collapse of Greece. What does it mean for Europe and even to our own financial markets? Will a Greek collapse return Bitcoin to its previous historical highs? Is Greece a preview of what may happen here in the U.S. if we don’t take control of our exploding national debt? Jim says that now may be the time to consider leasing an electric car, and the future of Christian publishing after the bankruptcy of Christian Family Bookstore.

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  1. The bitcoin section starts around 16:10 and ends at 37:03
    I agree. When the financial crisis goes nuts and governments slam capital controls down to prevent capital flight, bitcoin is going to be a great way to move money around. And even if most of them just use the currency to move their money, the traffic will tend to drive the price up. Then people will decide to leave their money in bitcoin and that should push the value of bitcoin up into a whole different universe of value. And when that happens bit players, large corporations will begin using it to move money around as well. Around that time goods and services will begin to be priced in bitcoin directly. So even though I lost my ass in bitcoin during 2014 I'm still very impressed with this network so I'm holding the bitcoins I bought. I buy a modest amount each month (although I did stop for a while at the end of 2014). I also spend some each month but overall I generally have more each month than I did the previous month. I'm of the opinion that in a few years I might be able to retire and become a full time Permaculture guy, showing people how to grow food with very little labor.

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