The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Monday, September 24, 2018

Another Russian oil company joins list to dump the dollar in payments for energy

As the global dumping of both the dollar and Petrodollar continues to gain steam in the wake of America's policies of economic sanctions and rejection of the Iran Deal, on Sept. 23 another Russian oil company has joined the list of energy producers ready to reject the U.S. currency in trade payment.

Oil firm Surgutneftegas has joined a list of Russian energy companies that are ready to get rid of the US dollar in favor of the euro and other currencies in international settlements, Reuters reports. 
According to a message sent by Surgutneftegas to one of its customers, the oil company wants to “avoid any possible problems with payment in USD,” the news agency reports. “We do not comment on our commercial activity,” replied the company, Russia’s fourth largest by output. – Russia Today
Besides China, India is also in the process of signing agreements with Russia to purchase energy and other goods using their own respective currencies that lie outside the dollar system.

De-dollarization around the world continues to grow, and is very close to reaching the point of critical mass where the label of 'reserve currency' will no longer be able to be attributed to the U.S. currency.  But with Europe experiencing their own internal financial struggles and still needing to rely heavily on dollars and dollar based currency swaps, their capitulation may well be the canary in the coal mine as the final signal for the end of dollar hegemony.

President Trump ready to expand immigration battle to deport green card holders who rely primarily on welfare

Besides the fact that welfare and safety nets are a relatively new thing for even the American people (50 years), the Trump administration has found that immigrants living in, or vying for citizenship in the U.S. are themselves receiving vast amounts of welfare contrary to federal law.  And in a statement made on Sept. 23, the President is looking at formulating a new policy in which he would deport green card holding immigrants if they are found to be relying too heavily on government assistance.

Annual cost to the U.S. from illegal aliens
The Trump administration is moving to fulfill another of President Trump's campaign promises by implementing more restrictions on legal immigration by deporting green-card holders who rely too heavily on federal government programs like food stamps. According to the Associate Press, the Department of Homeland Security published a 447-page proposal on Saturday outlining its plans to expand restrictions that would disqualify legal immigrants from obtaining a green card if they rely too heavily on Medicaid, food stamps, housing vouchers and other forms of public assistance. According to US law, applicants must prove they won't become a "public charge" - that they wouldn't derive more than half their income from government programs - to achieve green-card status. Under the proposal, the federal government would begin factoring in non-monetary benefits like food stamps and Section 8 housing benefits. - Zerohedge
When the U.S. experienced its last 'big wave' of immigration a little over 100 years ago, there was no such thing as a welfare system open to these incoming immigrants, and in fact there was not even an expectation by those coming to America that they would be able to be reliant upon the government for much of anything.  Thus the primary safety net system for new arriving immigrants came in the way of 'Patrons' from each of the different cultural communities which helped them to find jobs, living quarters, and language programs.

And these 'Patrons' or community leaders were part of a huge political machine known as Tammany Hall, which ironically began a trend used today by the Democratic Party to provide assistance to immigrants in return for their votes.
In the 1800s, Tammany Hall provided immigrants, especially Irish immigrants, with basic social services. This included helping immigrants find jobs, housing, and food, along with occasional financial and legal help. As a result of these services, the immigrants served by Tammany Hall became a powerful Democratic voting bloc in New York City. - Study
Today it is considered a 'smear' to claim that the Democratic party wants wide open immigration, both legal and illegal, in order to boost their voting base in cities that they control.  However we know from history that this was done on a large scale during the last great wave of immigration by the Democrats in order to control power, only this time their key offering had been through the use of welfare rather than in the creation of jobs.

Thursday, September 20, 2018

German businesses press government to pivot away from U.S. and towards Russia and Eurasia

With President Donald Trump hell bent on U.S. protectionism and Making America Great Again at the expense of the status quo, a coalition of German businesses are responding to this by pressing Chancellor Angela Merkel to pivot away from Washington and more towards the growing region that is Eurasia.

Over the past few weeks President Trump has threatened Germany over the lifeblood of their economy by hinting that the U.S. was prepared to sanction them over their continued partnership with Russia in the installation of the Nordstream pipeline.  Additionally, Washington has also threatened all European nations with sanctions should they continue doing business with Iran.

The German business community has urged the German government to strengthen its cooperation with the Eurasian Economic Union (EAEU) as a means to respond to the threat of protectionism stemming from the United States, head of the German Eastern Business Association said. 
"The EU's best response to the growing protectionist threat is free trade agreements with as many countries and regions as possible. After successful EU negotiations with South Korea, Canada and Japan and statements on agreements with MERCOSUR [South American trade bloc] and Africa, we, unfortunately, do not see any new efforts to cooperate with the EAEU," head of the German Eastern Business Association (OAOEV) Wolfgang Buechele said Thursday in a statement. 
Buechele stressed that complex political relations with Russia should not hinder trade relations with the EAEU and lead to further downtime. – Sputnik News
Unfortunately for the U.S., it is quickly becoming apparent that their protectionism is not limited to their own shores and that Washington feels that it is their right to impose their will upon other nations like Germany when it comes to their own economy.  And if this trend continues, then there is a very good possibility that Germany will pivot over into Russia's camp, and the President Trump will get his wish for isolation much faster than anyone expects.

Inflation or Trump? Dow regains all-time high as equity markets buck trend of a cycle top back in January

Leading into the 2008 financial crisis, equity markets had topped out around the same time as the Housing bubble a year prior.  10 years later, these same markets appear to have bucked this trend as on Sept. 20, the Dow has once again achieved a new all-time high.

Thanks to investors buying the f**king trade tariff dip, The Dow Jones Industrial Average has finally taken out the January record highs... - Zerohedge
Of course the Dow is not the only U.S. equity market to have achieved new all-time highs over the past month as both the Nasdaq and S&P 500 have done so over recent days.

What is perhaps the most interesting question to pose from this stock market euphoria is what is the real catalyst behind the surge in equity prices?  Pundits will say it is the Trump Tariff Put while history appears to balk at this and point towards rising inflation as the real inflation rate has crept up to levels not seen since the late 1970's when the U.S. was stymied by the grasp of 10% inflation.  Either way, investors should not be looking at the overvalued stock markets for answers as it will be the bond markets that will provide the best answer as to which direction both the markets and economy will be going in the future.

Wednesday, September 19, 2018

Two more gold backed cryptocurrencies are born here in September as resource based virtual currencies becoming the standard

In 2017 we saw the cryptocurrency phenomenon hit its peak as ICO's and new virtual currencies backing everything from coffee to donuts grew the sector from around 700 cryptos to over 1800 by the end of the year.

However 2018 has been a much different story since more than 80% of the cryptocurrencies have either fallen to below a penny in value, and the majority of projects these cryptos backed have either disbanded or became shelved.  Yet even with all of this there is one sector of the industry that has flourished, and it is the resource backed cryptocurrencies.

Gold backed cryptos like One Gram, and a new venture called Kinesis which was started by a group led by Andrew Maguire, have done fairly well and are being accepted and integrated not only by individuals looking to get out of their fiat currencies, but also by many nation states that want to return to some form of gold backed money.

And while there are now more than 35 total gold backed cryptocurrencies to date as of Sept. 18, we can add two more to this list through the introduction of the Eidoo and Airgead coins.

Eidoo has become the latest cryptocurrency startup to seek to create a more stable token by tying it to the price of gold. 
The Switzerland-based startup says the ERC-20-compatible token, dubbed the ekon, will sit alongside its multicurrency wallet and decentralized exchange. But perhaps more notably, each token will be redeemable for one gram of 99.9 percent fine gold, which the startup says will be stored in its vaults and audited every 90 days. 
"People will be able to see the gold stored in the security vaults through a video camera, we will post a link on the website so everyone can control the gold," Natale Ferrara, the startup's founder, told CoinDesk in an email via a spokesperson. - Coindesk
Airgead Coin aims to be the trend-setter in this area and is based on digitizing real-world assets in order to provide a stable currency to hedge against inflation. This is due to the fact that precious metals protect the wealth and value of central bank currencies, offer a fair value of trade worldwide and a stable saving opportunity for investors. 
Airgeadcoin stores precious metal coins and bars in secure storage facilities with no storage fees or management fees for holding the metals. They will offer users ease of access to their assets through the digital precious metals wallet. This allows for the safe storage and management of their precious metal coins. As a part of the Airgead Coin ecosystem, a precious metal exchange will allow the value of all coins and bars to be valued in real time. 
All of this transaction will be conducted through a blockchain, thus harnessing the power of decentralization to remove power from governments. This effectively lets users of AirgeadCoinbe their own personal bank. 
The wallets, in question, have classifications for 4 coins depending on which metal they are backed byThe platform aims to offer gold and silver at launch and add platinum and palladium as the prices for the former two are established. – AMB Crypto
Whether it is through legislation at the state and Federal levels to remove taxation on gold and silver to change it back to money from its current label as a commodity, to the creation of gold depositories where people can store their deposits in gold rather than in a fiat currency at a bank, the world is quickly moving towards a return to the gold standard in some form.  And resource backed cryptocurrencies certainly appear to have a chip to play in this game going forward into the future.

Tuesday, September 18, 2018

Contrary to Ben Bernanke, gold is money as a Zimbabwe miner to pay for equipment using gold instead of cash

Many readers may remember a few years back when the former Chairman of the Federal Reserve Ben Bernanke told Congressman Ron Paul during a House testimony that gold is not money.

However since that time we have learned that much of what the central banks tell us is either deception or outright lies, as seen during an audit where the Fed actually printed money to bailout foreign banks and even multi-national corporations.

And with this being said, it appears that Chairman Bernanke's assessment that gold is not money is also a fallacy as on Sept. 18, a Zimbabwe mining company is planning to use physical gold as payment for equipment to international suppliers in lieu of cash.
Metallon Corp. is considering paying mining-equipment suppliers in gold because a cash shortage in Zimbabwe is hampering its plan to expand output, Chief Executive Officer Mzi Khumalo said. 
Zimbabwe, which abandoned its own currency in 2009 because of hyperinflation, has faced cash shortages for at least the past two years as businesses and individuals moved money offshore and the import bill increased after exports collapsed. The country’s biggest gold miner needs at least $400 million to buy new machinery and upgrade existing equipment as it targets a fourfold increase in production. 
Metallon has held talks with equipment suppliers in South Africa and Canada, among other countries, Khumalo, 62, said in an interview at his home in the capital, Harare. Zimbabwean law enables the company to convert leases on claims around its four mines into special mining leases that can then be used to secure financing for its equipment purchases, he said. 
“We can then enter agreements with banks, various financiers on the basis of gold-backed transactions,” Khumalo said. Suppliers will “get their payment in gold,” he said. - Bloomberg
Gold has been money to most of the world for thousands of years, and it has only been the last 47 which has seen the monetary system disengage from gold in favor of unbacked fiat currencies.  But perhaps this could be changing quickly, especially if sovereign governments begin joining in with corporations like Metallon to once again bring stability to the world's current debt based monetary system.