I interview financial analyst Lynette Zang on Friday @1:00pm regarding Crypto Currency and the Future of the financial system.
Her youtube channel: https://www.youtube.com/user/itmtrading
Short bio: Lynette came to ITM Trading in 2002, when gold was severely undervalued and the US dollar was on its last strongest peak. She built a database to track client holdings and execute the same strategy she established for herself, based on repeatable patterns. She then built the database to track all general asset classes and identify the long term trend and where we are in the trend cycle. Her goal is to help clients survive and thrive through this global currency life cycle issue based upon consistent patterns during this type of trend. She believes that to do this, one needs to be in the right place with the right asset at the right time and in order to do that, one needs to identify the fundamental value, the long term trend and where we are in the trend cycle. Her mission is to share these tools with any who want them, teach them how to see the underlying truth of the markets and enable them to make educated, independent choices for their best interest.
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mefielding.com A simple explanation of the uses of foreign currency futures. Let me now if you have any questions
Some basic fundamental concepts of blockchain and crypto currency.
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A currency is money in any form when in actual use or circulation as a medium of exchange. The UN recognizes 180 national currencies as legal tender. Some Asian nations have paper bills pegged at over several thousands for just a dollar. Asia has many least valuable currencies than any other continent.
While the value of some of these currencies is deliberately kept low for specific reasons, value of most of them is low due to poor leadership. Here are the 7 most worthless currencies in the world as of 2014, with exchange rate in Unite States dollar.
7) South Korean Won (1 US dollar = 1,101.49)
South Korea has deliberately manipulated its monetary policy to keep its money cheap. This makes the nation’s exports cheaper than those of competitors like Japan. How come the home to global giants like Kia, Samsung and Hyundai has a currency worth .0008 US$ ? It’s simple. They like it that way. They deliberately manipulate monetary policy to keep their money cheap which makes their exports cheaper than those from competitors like Japan.
6) Iraqi Dinar (1 US dollar = 1,154.44)
Plunging oil prices and terrorist activities are impacting the value of Iraqi Dinars negatively. The oil-rich nation is basically enmeshed in a brutal civil war without any cohesive social fabric to pull it back together. It’s not looking good for the Iraqi dinar revaluation.
5) Cambodian Riel (1 US dollar = 4,055.64)
Cambodia is still very poor; average annual income is just 6 and malnutrition among children is widespread. Although Cambodia is rich in natural resources, years of war and internal conflict have made it a poor country. The popular tourist destination’s future looks brighter. Tourism accounts for 17% of the Gross Domestic Product. There’s oil being found.
4) Laotian Kip (1 US dollar = 8,063.87)
Around three-fourths of the work force of Laos is engaged in growing rice. More than a third of the nation’s population lives below the global poverty line of US .25 PPP a day. Lao economy is growing quickly but ¾ of the work force is tied up in growing rice. The government’s goal to come off from the UN Development Program’s list of least-developed countries by 2020 is achievable.
3) Indonesian Rupiah (1 US dollar = 12,869.98)
Awful infrastructure, rampant corruption and foot-dragging bureaucrats are affecting the value of the Indonesian Rupiah. The archipelago nation subsidizes gas prices so much, it doesn’t have enough left over to build modern infrastructure.
2) Vietnam Dong (1 US dollar = 21,385.80)
Vietnam is astonishingly exotic and utterly compelling nation. The value of the Dong is kept low to boost exports. The nation has been, for much of its history, a predominantly agricultural civilization based on wet rice cultivation. Deep poverty has declined significantly in Vietnam. The dong is kept low to boost exports and everyone seems to like it that way.
1) Iran Rial (1 US dollar = 26,954.18)
Asia’s number least valuable currency is Iran Rial. Iran is hit really hard by the international sanctions over the nuclear program. This West Asian nation’s economy is a mixed economy. Around 60 percent of the economy is centrally planned. Iranian president said recently that the country has the potential to become one of the ten largest economies in the world within the next three decades.
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It was the blockbuster trade that shocked the NBA yesterday, as the Clippers traded their 5-time All-Star Blake Griffin to the Detroit Pistons. In return for Griffin, the Clippers will receive Tobias Harris, Avery Bradley, Boban Marjanovic and a first & second round draft pick. This trade was surprising to most, as Griffin just signed a five year, 3 million dollar contract extension in June. He has been the face of the Clippers organization and a starter on the team for 7 years after being selected by LA as the #1 pick in the 2009 NBA draft. Blake, who’s also known for being hilarious on social media, posted his priceless reaction to the trade on Twitter.
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A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions, to control the creation of additional units, and to verify the transfer of assets. Cryptocurrencies are classified as a subset of digital currencies and are also classified as a subset of alternative currencies and virtual currencies.
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