Cryptocurrency: Getting More Money Into The Global Economy

We have too much money in the banking and financial system. This is something that I covered in the past. However, as the Fed keeps easing, the dollars in the banks just keeps growing. The problem, with lending constricting, this is not getting out into the economy. This is not a new process. We saw it over decades as the growth rate of the global economy is dropping in spite of growing deficit spending around the world as well as entering the technological age.

In this video I discuss how an overly financialized economy does not get the money into the economy. Instead, it ends up in the "casino" that is the fiancial industry. Cryptocurrency is a possible solution to this by getting money where it is needed. We can fund the projects that are going to make an economic difference overall.