Predicting the future of the US economy seems to be something that Shervin Pishevar has a knack for. Back in 2008, he anticipated that Facebook would go through a crisis, and it did. In early February 2018, Shervin Pishevar made some ominous predictions regarding the US economy. This was after the stock market experienced one of the most dramatic drops it has seen in recent years. He said that it will continue to go down by at least another 6,000 points in coming months.
So what does he feel is responsible for this downturn? He made 50 different points in a 21 hour tweet storm. He says there are a couple of main culprits that will be responsible for future stockmarket slippage, including increasing interest rates and credit account deficits as well as tax giveaways.
Shervin Pishevar mentioned that financial and government institutions are facing a reckoning of irrelevance. He says that this has to do with the revolution in stateless digital currencies. He describes currency as the ultimate app.
The overall message in the 50 tweets sent out by Shervin Pishevar acknowledge that there are unstable conditions in the United States. He talks about inflation spreading and the stock market crashing. He also talks about underemployment and refers to it as a “systemic economic stasis.” In times past, Shervin Pishevar has used Twitter to talk about his views of the US economy and ways that it can be fixed. He has fought for a more transparent and open society. He wants a society without the bottlenecks on innovation and without the volatility that currently exists.
One option that the government uses when the stock market takes a dramatic downward turn is quantitative easing. It is a method that uses banks to buy bonds. Shervin Pishevar mentioned that they have worked in the past, but they are not a tool that will always work again in the future. He tells Americans to not be fooled when the government uses them again. He feels that an economic disaster can lead to a new type of economy that has more equal opportunities.
Many financial experts have tried to explain to the curious investors what cryptocurrency is and how they can invest in without losing their money. However, no financial expert is comparable to Ian King regarding knowledge and understanding of digital money. He is an experienced financial guru has worked with various financial organizations. His entry to the digital money was a liberal move, a sign of defiance to the traditional centralized money economy. Currently, Ian King is the resident contributor to Banyan Hill Publishing on cryptocurrency. He has BS in Psychology from Lafayette College although he never practiced this profession. More info about Ian King here.
Ian King has a very different but interesting perspective on digital money. He refers the cryptocurrency as Cryptocorns. Cryptocorns derived from the economic term unicorns, which refers to the investment opportunities that are only available to people with a lot of money on big companies. Referring to digital money as Cryptocorns, Ian King tries to give the bigger picture of digital money and investing. Digital currencies have redefined the concept of investing. The regular investor can now invest in a digital currency that can make an incredible 400 percent return on their investment. This new reality is phenomenal, and that is the reason why he refers the digital currencies as Cryptocorns.
According to Ian King, digital currencies are the new best thing after the internet. Over the past ten years, financial pundits have debated the viability and lifespan of the digital currencies, and most predictions have gone wrong. However, Ian King in his writings tries to debunk the common fallacies that are associated with cryptocurrencies and finally give a more objective financial opinion. He argues that the digital currencies are for the liberal investors who are not scared away by a high rate of volatility. A traditional stock exchange is characterized by low volatility rates, and it is consequently hard to make high profits.
In the past few years, his advice and opinions on the world of digital money have gained audience due to his original takes on issues surrounding the trade. For example, he views cryptocurrencies as the future for online transactions due to some of its features. Initially, the digital money eliminates the position of the middlemen which over the centuries have run a business. This according to him is an excellent financial move. Second, he defines the most crucial thing in any trade as trust. With digital currencies, trust is paramount, and all the transactions are in the public domain.
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