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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?
Friday, June 29, 2018
Here is the reason why the Democrats are going absolutely nuts over abortion in light of an upcoming new Supreme Court Justice
With so many problems and issues plaguing America here in 2018, one has to ask a rather curious question following the announcement by Supreme Court Justice Anthony Kennedy of his pending retirement... why are so many Democrats going absolutely nuts over the fear that the next Justice could overturn the right for women to have an abortion?
The answer to this lies in the fact that the 1972 Roe v. Wade ruling is extraordinarily tenuous. By this I mean that the right to abortion is not a Constitutional right, nor is it a law enacted by the legislature. No the right for women to solely decide on the outcome of their reproductive process is based simply on the opinions and decisions of Justices 40 years ago at a time when America was on fire with activism and civil rights fervor.
In any and every society, the pendulum swings back and forth over time from liberalism to conservatism, from morality to anarchy, and of course, back again the opposite way. During the 1950's America was a strongly religious and moralistic society that one decade later turned into one of extreme radicalism and change. Additionally, the 1980's, 90's, and 2000's were one of greed and materialism only to be followed after the 2008 Financial crisis by one where the rich are vilified, and the millennial generation is decidedly non-materialistic.
The Democrats in Congress are desperate to try to cowtow President Trump into appointing a moderate or even liberal Justice to the Supreme Court to protect their monopoly of liberal rulings. And perhaps most interestingly, some are using the straw man of demanding the next judge rely primarily on precedent rather than the Constitution itself in deciding cases.
The irony of course is that if Supreme Court Justices relied solely on precedent, then blacks in America would still be under Jim Crow laws in some areas since the right to separate but equal came from a Supreme Court ruling on the issue back in 1896 via Plessy v. Ferguson.
Yet because the Supreme Court in the 1950's saw that separate but equal was not legal under the Constitution, the Justices overturned Plessy v. Ferguson in their landmark Brown v. Board of Education ruling which made discrimination through color or race illegal.
It has been estimated that ever since Roe v. Wade was passed 46 years ago, over 60 million American children have been aborted in the womb, and primarily because of convenience versus any potential health issue to the mother. And with much of the industrialized world undergoing a radical change where birth rates in Europe, Russia, Japan, and even the United States have dropped below replacement levels, the fact that abortion on demand has become easy due to the opinions of a single court back 40 years ago that a woman could hold the power over life and death in regards to the natural cycle of reproduction has inevitably created a scenario here in the 21st century that could see the end of one or more civilizations as we know it if it is allowed to continue.
The answer to this lies in the fact that the 1972 Roe v. Wade ruling is extraordinarily tenuous. By this I mean that the right to abortion is not a Constitutional right, nor is it a law enacted by the legislature. No the right for women to solely decide on the outcome of their reproductive process is based simply on the opinions and decisions of Justices 40 years ago at a time when America was on fire with activism and civil rights fervor.
In any and every society, the pendulum swings back and forth over time from liberalism to conservatism, from morality to anarchy, and of course, back again the opposite way. During the 1950's America was a strongly religious and moralistic society that one decade later turned into one of extreme radicalism and change. Additionally, the 1980's, 90's, and 2000's were one of greed and materialism only to be followed after the 2008 Financial crisis by one where the rich are vilified, and the millennial generation is decidedly non-materialistic.
The Democrats in Congress are desperate to try to cowtow President Trump into appointing a moderate or even liberal Justice to the Supreme Court to protect their monopoly of liberal rulings. And perhaps most interestingly, some are using the straw man of demanding the next judge rely primarily on precedent rather than the Constitution itself in deciding cases.
U.S. Senate Democratic leader Charles Schumer said on Wednesday the Senate should reject any Supreme Court nominee put forth by President Donald Trump who would vote to overturn the Roe v. Wade abortion decision or "undermine" healthcare protections.
In a speech on the Senate floor shortly after Supreme Court Justice Anthony Kennedy announced that he was retiring, Schumer said, “The Senate should reject on a bipartisan basis any justice who would overturn Roe v. Wade, undermine key healthcare protections.” Schumer said. - WDEZ
Plessy v. Ferguson, 163 U.S. 537 (1896), was a landmark decision of the U.S. Supreme Court issued in 1896. It upheld the constitutionality of racial segregation laws for public facilities as long as the segregated facilities were equal in quality – a doctrine that came to be known as "separate but equal".
It has been estimated that ever since Roe v. Wade was passed 46 years ago, over 60 million American children have been aborted in the womb, and primarily because of convenience versus any potential health issue to the mother. And with much of the industrialized world undergoing a radical change where birth rates in Europe, Russia, Japan, and even the United States have dropped below replacement levels, the fact that abortion on demand has become easy due to the opinions of a single court back 40 years ago that a woman could hold the power over life and death in regards to the natural cycle of reproduction has inevitably created a scenario here in the 21st century that could see the end of one or more civilizations as we know it if it is allowed to continue.
Thursday, June 28, 2018
2008 part deux: Global financial system rushing headlong towards a combined debt and liquidity crisis
For all intents and purposes the global financial system died in October of 2008 following a liquidity crisis that was only stemmed through the interventions of governments and central banks. But in the aftermath of that crisis, these same entities would need to continuously fuel the system with ever increasing amounts of debt and liquidity just to prop up the dead financial corpse.
10 years later the world once again appears to be standing on that same liquidity precipice, only this time it is much, much worse since it is being coupled with a global debt crisis that is exponentially spiraling out of control. And sadly because central banks themselves are virtually insolvent by having so much debt on their balance sheets, it is not only the banks that stand to lose when the whole scheme starts to collapse.
And then there is China... who's debt just reached $30 trillion earlier this month.
All this means of course is that the liquidity that helped spur on emerging market growth, and rebuild housing and equity bubbles around the world, is suddenly being shutoff. And it was that same halt in liquidity back in 2008 that brought down the entire financial system in a little less than a week.
10 years later the world once again appears to be standing on that same liquidity precipice, only this time it is much, much worse since it is being coupled with a global debt crisis that is exponentially spiraling out of control. And sadly because central banks themselves are virtually insolvent by having so much debt on their balance sheets, it is not only the banks that stand to lose when the whole scheme starts to collapse.
Emerging-market debt crises are as predictable as spring rain. They happen every 15–20 years, with a few variations and exceptions.
It has been 20 years since the last EM debt crisis and 10 years since the last global financial crisis. EM lending has been proceeding at a record pace. Once again, hot money from the U.S. and Europe is chasing high yields in EMs, especially the BRICS (Brazil, Russia, India, China and South Africa) and the next tier of nations including Turkey, Indonesia and Argentina.
Argentina’s ratio of debts and deficits to reserves is over 120%. The ratio for Venezuela is about 100%, and Venezuela is a major oil exporter.
These metrics don’t merely forecast an EM debt crisis in the future. The debt crisis has already begun.
Venezuela has defaulted on some of its external debt, and litigation with creditors and seizure of certain assets is underway. Argentina’s reserves have been severely depleted defending its currency, and it has turned to the IMF for emergency funding.
Ukraine, South Africa and Chile are also highly vulnerable to a run on their reserves and a default on their external dollar-denominated debt. Russia is in a relatively strong position because it has relatively little external debt. China has huge external debts but also has huge reserves, over $3 trillion, to deal with those debts.
The problem is not individual sovereign defaults; those are bound to occur. The problem is contagion. – Daily RecknoingIn just the past month Argentina received the largest bailout from the IMF in their history. and Venezuela's attempt at an oil backed cryptocurrency appears to have stalled, with their inflation rate now sitting at 8100%. In addition, the Fed is attempting to slow down expansion by raising rates and lessening their balance sheets, and Russia has just announced their are doing the same by raising taxes.
And then there is China... who's debt just reached $30 trillion earlier this month.
All this means of course is that the liquidity that helped spur on emerging market growth, and rebuild housing and equity bubbles around the world, is suddenly being shutoff. And it was that same halt in liquidity back in 2008 that brought down the entire financial system in a little less than a week.
That whooshing sound you hear is the draining of $1.4 trillion worth of global liquidity.
Quantitative tightening, or the unwinding of central banks’ extraordinary stimulus, has been the primary driver of asset-class performance this year, Bank of America Merrill Lynch analysts say. The march higher in U.S. interest rates and tighter financial conditions mean securities that did well during quantitative easing, such as corporate bonds and emerging-market debt, are now underperforming, while “QE losers” have become stars.
The year marks a shift in a tide of global liquidity that helped push up asset prices, according to Merrill Lynch’s analysis. Securities purchases from the Fed, European Central Bank and Bank of Japan are just $125 billion year-to-date, well below the $1.5 trillion run-rate of 2017, they estimate. That suggests markets are missing an injection of some $1.38 trillion thanks to policy makers changing tack. - BloombergCentral bank heads admitted back in 2008 they never saw the financial crisis coming, but contrary to the fact that as a whole they are telling the public that everything is fine, behind the scenes they are preparing for not only the collapse of the current system, but the advent of a new one. And like back in October of 2008, it will come swiftly and nearly overnight, and if you aren't prepared now, you will not get the chance when the system you know today suddenly no longer exists.
Cryptocurrency mania hits the NBA as Sacramento Kings turn their arena into a crypto mining operation
Perhaps it should not be surprising that since many in the rapper community have jumped on the crypto bandwagon, the sport most in their urban communities claim as their own has found crypto's also to their liking. And on June 27 the Sacramento Kings have become the newest NBA franchise to embrace cryptocurrencies, even to the point where they are allowing their solar powered arena to be used as a crypto mining operation.
From a solar-powered sports arena, to bitcoin and now cryptocurrency mining, the Sacramento Kings are back at it, setting the stages for yet another technological blueprint in the technology sector. The NBA organization announced Wednesday, that it has partnered with global cryptocurrency leader, MiningStore.com, to become the first sports team in the world to mine digital currency. That’s right, the Kings can add another “first’ to its scoreboard of ever-growing technological innovations.
The Kings are going crypto! The NBA is going crypto! And, so should fans! - ForbesWhile the Sacramento Kings franchise appears to be the first NBA team to embrace cryptocurrencies, their owners are not the first to see crypto's and the blockchain as a potential vehicle to help the sport. No that trophy goes to Dallas Maverick's owner Mark Cuban who last year signed on to co-found a blockchain based sports betting ICO using the proprietary UniKoin platform.
Wednesday, June 27, 2018
It only took two years, but now a majority of Americans believe the Mainstream Media is Fake News
When CNN attempted to create a narrative that the Alternative Media was Fake News, then Presidential candidate Donald Trump cleverly co-opted that term and turned it against the Mainstream media itself. And very quickly, the public more and more began to scrutinize CNN, ABC, NBC, MSNBC and the like and found more often than not that much of what they publish or broadcast was indeed manipulated news.
Now less than two years into his Administration, we can add another 'Win' to the Trump column as a new poll out shows that the majority of Americans fully believe the Mainstream Media is guilty of creating fake news, with even 53% of Democrats coming to this realization.
Thanks to exposes that validate even the CIA participates in constructing narratives within the mainstream media, the alternative media has grown and evolved to become some of the best journalism in the West. And it appears now that the tide has officially turned as the days of Walter Cronkite are over, and the era of George Orwell has begun.
Now less than two years into his Administration, we can add another 'Win' to the Trump column as a new poll out shows that the majority of Americans fully believe the Mainstream Media is guilty of creating fake news, with even 53% of Democrats coming to this realization.
In what looks like a validation of the growing public expressions of anger directed at members of the media, a new Axios poll found that nearly all (a staggering 92%) of Republicans and Republican-leaning independents believe that mainstream media organizations knowingly report false or misleading stories, at least occasionally. And while Democrats proved to be the most credulous group, a majority still doubt that US media organizations are 100% credible.
All told, 72% of respondents said they believe mainstream media organizations to be knowingly misleading. Other studies from Gallup and Pew Research Center have drawn similar conclusions, with Democrats, unsurprisingly, revealed as the only group that still has any substantial level of trust in the media. Back in the 1970s, trust in media rose as high as 74% during the aftermath of Watergate. - ZerohedgeFor years trust in the media has been nearly as low as trust in politicians, with a majority of voters even believing that they carry political bias towards both candidates and parties.
Thanks to exposes that validate even the CIA participates in constructing narratives within the mainstream media, the alternative media has grown and evolved to become some of the best journalism in the West. And it appears now that the tide has officially turned as the days of Walter Cronkite are over, and the era of George Orwell has begun.
Supreme Court dents Democratic Party slush fund as high court rules unions can't force non-members to pay
The hits just keep on coming from the new majority conservative Supreme Court since on June 27, the judicial body ruled that stats and unions can no longer force non-members to have to pay dues or fees if they so choose.
Long believed to be more of a Democratic Party slush fund since a study showed that 99% of member dues actually went to liberal politicians and causes rather than supporting the union activities, this ruling will have a serious affect on lobbying, campaign contributions, and activist organizations.
As we come into the home stretch of the 2018 mid-term elections, an already underfunded Democratic Party just got hit with a sledgehammer of a ruling which will definitely hurt their campaign spending dreams, and balance sheet bottom lines.
Long believed to be more of a Democratic Party slush fund since a study showed that 99% of member dues actually went to liberal politicians and causes rather than supporting the union activities, this ruling will have a serious affect on lobbying, campaign contributions, and activist organizations.
An exhaustive new study from the Center for Union Facts (CUF) crunched the numbers on union political spending, tracking down where members’ dues ended up. Nearly $140 million — about 99 percent of all union political contributions — went to Democrats and liberal causes, the study found.
“I believe what this illustrates is that union members have very little control over their own dues money, which is supposed to be for collective bargaining — but a whole lot of it is going to political causes and political advocacy,” says Richard Berman, executive director of CUF.
Planned Parenthood and its advocacy nonprofit received $435,000 in 2014 from unions spending their members’ dues. Most of it came from the American Federation of State, County, and Municipal Employees, CUF says.Besides using the majority of their dues/fees for political reasons, a large number of unions are also being scrutinized for mishandling billions of dollars in pension contributions, which have made union sponsored retirement programs extraordinarily underfunded.
In 2014, major unions also gave more than $680,000 to Al Sharpton’s tax-indebted nonprofit, the National Action Network, and more than $108,000 to Jesse Jackson’s Rainbow/PUSH Coalition. – National Review
As we come into the home stretch of the 2018 mid-term elections, an already underfunded Democratic Party just got hit with a sledgehammer of a ruling which will definitely hurt their campaign spending dreams, and balance sheet bottom lines.
Tuesday, June 26, 2018
Marijuana going mainstream as FDA approves first ever cannabis based medicine
In an interesting and perhaps even groundbreaking sea-change, the FDA on June 25 approved the first ever cannabis based prescription medicine meant to aid on the treatment of rare forms of epilepsy and two other diseases.
The Food and Drug Administration has approved the first-ever cannabis-based
prescription medication. The oral drug Epidiolex is intended for patients to
treat two rare, and severe forms of epilepsy—Lennox-Gastaut syndrome and Dravet
syndrome.
Epidiolex contains cannabidiol, one of the chemicals found in marijuana, however, it will not produce a high that is commonly seen in THC. FDA commissioner Dr. Scott Gottlieb stressed in a statement that approval of the drug wasn’t a co-sign for marijuana, but just for "one specific CBD medication for a specific use." It also marks a landmark moment in the agency’s advancement in considering cannabis for medical purposes.
"This approval serves as a reminder that advancing sound development programs that properly evaluate active ingredients contained in marijuana can lead to important medical therapies. And, the FDA is committed to this kind of careful scientific research and drug development," Dr. Gottlieb said. "Controlled clinical trials testing the safety and efficacy of a drug, along with careful review through the FDA’s drug approval process, is the most appropriate way to bring marijuana-derived treatments to patients." - ComplexHopefully this approval now opens the door for more research and acceptance of cannabis to one day replace opioid based drugs for pain relief that have spawned a severe and very real epidemic among America's patients.
Karatbars gold backed cryptocurrency now listed on a major crypto exchange
While cryptocurrencies as a whole have been hemorrhaging market cap during the first six months of 2018, it has not stopped a growing number of resource backed ones from being initiated or ICO'd. And the newest one to get picked up by a major crypto exchange is that of KaratGold Coin.
Karatbars has been long known as a company that provides affordable gold backed by LBMA certified refiners in 1, 2.5, and 5 gram increments, and has been working to facilitate their products as a medium of exchange with the retail community. However a decision by Karatbars to join the cryptocurrency phenomenon has led to one of the biggest ICO's in history to date.
Karatbars has been long known as a company that provides affordable gold backed by LBMA certified refiners in 1, 2.5, and 5 gram increments, and has been working to facilitate their products as a medium of exchange with the retail community. However a decision by Karatbars to join the cryptocurrency phenomenon has led to one of the biggest ICO's in history to date.
KaratBars International is pleased to announce that their gold-based cryptocurrency KaratGold Coin (KBC) has been enlisted recently in HitBTC, one of the leading cryptocurrency exchanges. The first ever cryptocurrency to tie its value to the price of gold, KaratGold Coin has recently concluded one of the most successful ICO campaigns ever with a collection of well over one hundred million US Dollars.
The architecture of the KaratGold Coin (KBC) ecosystem is based on the safe, cost-efficient and fast Ethereum blockchain protocol and proven financial hedging strategies. Unlike many other utility tokens, this coin has been designed to be a crypto asset backed by a certain tangible amount of gold. As a result, the long term stability of the coin is ensured by its gold collateral. – Null TXWhile there are now over 40 different gold backed cryptocurrencies in the crypto sector, Karatbars stands out due to the fact that they have been a proven and viable gold company since 2011. And with their being picked up by a major crypto exchange here on June 25, it will only increase their exposure in both the physical and cryptocurrency gold markets.
The battle lines are being drawn between gold and fiat as the new global financial system draws nearer
We have written numerous times before about how the East is preparing for a return to some form of a gold standard while the West tries to hang on to a dying system of debt based fiat currency. And with the heads of the IMF and Bank of England are both signalling that the world is well underway towards the transition to a new global financial system, the battle lines are being drawn as to which side will win out.
Ironically it is not completely divided between East and West, as a few European governments have been hedging their bets by repatriating their gold from offshore over the past few years. But the race to accumulate gold has been primarily relegated to a few countries such as Russia, China, India, and Turkey, where combined they hold very powerful 'Trump Cards' as their economies, and along with the rest of the BRICS nations, make up 40% of the world's population.
One of the consequences of 2008 has been the rapidly increasing debt that both nations and the world combined have been accumulating to simply keep the financial system alive. In fact ever since 2008 when global central banks began policies of direct intervention, the amount of global debt has increased by $57 trillion by 2015, with 2017 alone adding an additional $16 trillion to bring that total to $233 trillion.
Ie... not only is that debt unsustainable, but it will continue to increase exponentially until a complete reset is done.
How long it will take to usher in a new financial framework is uncertain, however judging by the fact that European banks and the EU itself stands on the brink of insolvency, and even the U.S. under President Trump is offering more 'butter' than 'bullets' in foreign policy decisions, it is likely that the plans to transition into a new financial system are well underway, and those who are fighting it are perhaps the ones who are quickly being ousted from power (Merkel, Theresa May, etc...).
Ironically it is not completely divided between East and West, as a few European governments have been hedging their bets by repatriating their gold from offshore over the past few years. But the race to accumulate gold has been primarily relegated to a few countries such as Russia, China, India, and Turkey, where combined they hold very powerful 'Trump Cards' as their economies, and along with the rest of the BRICS nations, make up 40% of the world's population.
The world now, under very different circumstances, is once again considering official use of gold in the monetary system. A growing consensus agrees that a world-wide monetary crisis is fast approaching and once again the importance of gold as money is being discussed. Those who benefit from the fiat dollar standard are not pleased with this renewed interest in gold, nor with the possibilities that blockchain technology may provide a nongovernment alternative to the current system of money and banking. The principle of gold as money has been acknowledged for thousands of years and is not going to be ignored any time soon.
The current financial chaos brought back the debate over the exact role gold should play in the international monetary system. There are many signs that various governments are considering using gold as an alternative to the fiat dollar. China for the past three years has been a net seller of dollar denominated assets and a major importer of gold. It is making an effort to popularize a gold Yuan to be used in place of the dollar in international oil transactions. China may well have more clout in this endeavor than is generally realized. Other countries like Russia, India and Brazil are cheering the Chinese on and are net purchasers of gold. The US, picking a fight in a senseless trade war with China, only adds to that country’s resolve to stand up to our domineering attitude. – Mises WireIn addition to these countries seeking to not only accumulate but also integrate gold into the global monetary system, smaller ones like Zimbabwe are themselves seriously looking at backing their currency with gold and other resources.
One of the consequences of 2008 has been the rapidly increasing debt that both nations and the world combined have been accumulating to simply keep the financial system alive. In fact ever since 2008 when global central banks began policies of direct intervention, the amount of global debt has increased by $57 trillion by 2015, with 2017 alone adding an additional $16 trillion to bring that total to $233 trillion.
Ie... not only is that debt unsustainable, but it will continue to increase exponentially until a complete reset is done.
How long it will take to usher in a new financial framework is uncertain, however judging by the fact that European banks and the EU itself stands on the brink of insolvency, and even the U.S. under President Trump is offering more 'butter' than 'bullets' in foreign policy decisions, it is likely that the plans to transition into a new financial system are well underway, and those who are fighting it are perhaps the ones who are quickly being ousted from power (Merkel, Theresa May, etc...).
Monday, June 25, 2018
Central banker lets slip that Global Financial Reset is underway as government's prepare for collapse of current system
For anyone who does even a modicum of research, the 2008 financial crash was not just a cyclical 'bump' in the credit cycle, but an actual death event for the entire financial system. And this is primarily why central banks like the Fed, ECB, and BOJ have had to constantly fund their 'life support patient' with endless amounts of QE, Zero percent Interest Rates, and even Negative Rates.
In fact despite the reality of tens of trillions of dollars printed and monetized by the central banks over the past seven years in both the U.S. and in Europe, most banks remain underfunded, and pretty much insolvent if they had to administer true accounting practices.
Since around 2013, Asian and Eurasian economies such as Russia, China, India, and even Kyrgyzstan have been preparing for a post Petrodollar world, and one no longer controlled by the Western central banks. And even in Europe, nations such as Germany, Austria, and the Netherlands have all done the unprecedented move of recalling their gold reserves back from the U.S. into their own vaults.
But while those who pay attention to the alternative financial media have heard numerous times that we are preparing for a great 'Global Financial and Currency Reset', only trickles of information has come from leaders on the reality of this paradigm shift.
Until now?
On June 21 the head of the UK's central bank (Bank of England) gave a speech in which he emphasized that the global financial system is moving rapidly towards a 'New World Order', which in this case is political speak for the global currency reset.
In fact despite the reality of tens of trillions of dollars printed and monetized by the central banks over the past seven years in both the U.S. and in Europe, most banks remain underfunded, and pretty much insolvent if they had to administer true accounting practices.
Since around 2013, Asian and Eurasian economies such as Russia, China, India, and even Kyrgyzstan have been preparing for a post Petrodollar world, and one no longer controlled by the Western central banks. And even in Europe, nations such as Germany, Austria, and the Netherlands have all done the unprecedented move of recalling their gold reserves back from the U.S. into their own vaults.
But while those who pay attention to the alternative financial media have heard numerous times that we are preparing for a great 'Global Financial and Currency Reset', only trickles of information has come from leaders on the reality of this paradigm shift.
Until now?
On June 21 the head of the UK's central bank (Bank of England) gave a speech in which he emphasized that the global financial system is moving rapidly towards a 'New World Order', which in this case is political speak for the global currency reset.
The race is definitely on as to who will be dictating the terms of the reset.
Everybody has their eyes on China and Russia, thinking they join forces to form the dominance in the global economy to push out the dollar and elevate China to world reserve currency status, or elevate a combination of China and Russia to world reserve currency status with a gold and/or silver backing in this new monetary system, perhaps even with a return to gold and silver via a Chinese Gold-backed Yuan and a Russian Silver Ruble.
Well, it’s not only the East that is actively working on the global reset.
England seems to frantically be in the race as well.
Yesterday, Bank of England Governor Mark Carney gave a speech, and it wall basically all about the coming reset.
That phrase that we all can’t stand – the “new world order”.
Yup. It’s coming.
Its a very long, super boring speech, but I’ve read between the lines, and I want to show you some of the thing he has said, so that you can come to your own conclusions as to what is going on.
To me, it speaks to the end of the dollar dominated world and the coming reset and re-ordering of the global monetary system
Here’s some of the things he said in no particular order (bold and red bold added by Half Dollar for emphasis):
The Bank recognises that a new economy, a new world and new demographics demand a new financial system.
While we prepare for great change, we will be guided by one constant: our mission to promote the good of the people we all serve.
This infrastructure must be overhauled now that the economy is on the cusp of the fourth industrial revolution and our demographic challenges are intensifying.
And rebalancing of the global order is proving as dramatic as it was in Montagu Norman’s time.
Such profound changes demand a new finance.
We now have a balance sheet fit for a new world order with greater reliance on markets in a wider range of reserve currencies. – Silver DoctorsThe average citizen will NEVER receive warning from either governments or the financial powers unless they are able to read between the lines in speeches such as this one on what is being worked on, and what is coming. Because all one has to do is remember back in 2008 when CNBC went out of their way to tell us how solvent and stable Bear Stearns was, only to see it vanish forever just four days later, with Congress having to push through a bailout under the guise that this crisis could bring about the institution of Martial Law.
Bitcoin doesn't even make the top 15 as China designates EOS as the world's best cryptocurrency
On June 25, China's Center for Information Industry Development (CIID) published a list of what they see are the top cryptocurrencies. And astoundingly this organization with ties to the Chinese government named EOS as the world's best cryptocurrency, while at the same time demoting Bitcoin to number 17 on the list.
China’s Center for Information Industry Development (CCID) has published the second edition of its Global Public Chain Technology Evaluation Index. The publication, which evaluated 30 cryptocurrencies, concluded that EOS is the top cryptocurrency based on technology, application and innovation.
EOS received the top ranking due to its “outstanding technical advantages in transaction confirmation efficiency, network throughput, and transaction costs,” the report said.
The report gave the nos. 2 and 3 spots to Ethereum and NEO, respectively. Ethereum was the top-ranked cryptocurrency when the first version of the report circulated back in May.
The top-15 projects are ranked in order below:
EOS is a blockchain platform with its own cryptocurrency that uses the security and decentralization inherent with Bitcoin and couples it with the transactional efficiency of Ethereum to build a system for Smart Contracts.
- EOS
- Ethereum
- NEO
- Stellar
- Lisk
- Nebulas
- Steem
- BitShares
- Ripple
- Qtum
- Waves
- Cardano
- Monero
- Ark
Bitocoin, the first and largest cryptocurrency by market cap, was ranked all the way down at no. 17. Komodo, which was ranked no. 5 in the first version of the scorecard, dropped to 16. - Hacked
- Ethereum Classic
Sunday, June 24, 2018
Cryptocurrencies hemorrhage another $20 billion in market cap overnight as Bitcoin falls below $6000 per coin
The cryptocurrency bloodbath continues as for the second straight day the cryptocurrency sector as a whole fell nearly across the board.
Led by Bitcoin, which fell below the $6000 handle for the first time in several months, the sector hemorrhaged another $20 billion in market cap to sit at around $241 billion.
At its height back in December of last year, the total market cap for cryptocurrencies was above $850 billion, with most analysts expecting it to reach the $1 trillion mark early in 2018. However thanks to Wall Street entering into the market around Dec. 17 with the first Bitcoin futures contract, the sector as a whole has seen declines of nearly 70%.
Led by Bitcoin, which fell below the $6000 handle for the first time in several months, the sector hemorrhaged another $20 billion in market cap to sit at around $241 billion.
From $260 billion to $241 billion, the valuation of the cryptocurrency market has dropped by over $19 billion in the past 24 hours, as major cryptocurrencies including bitcoin, Ethereum, Ripple, Bitcoin Cash, and EOS fell by large margins.
For a third day in a row, EOS, the delegated proof-of-stake (PoS) network based on the Ethereum blockchain protocol, has recorded the biggest loss amongst major cryptocurrencies. On June 24, EOS recorded a loss of 13 percent, while BTC, ETH, XRP, and BCH fell 3.5%, 4.6%, 5.8%, and 8.5% respectively. - CCN
At its height back in December of last year, the total market cap for cryptocurrencies was above $850 billion, with most analysts expecting it to reach the $1 trillion mark early in 2018. However thanks to Wall Street entering into the market around Dec. 17 with the first Bitcoin futures contract, the sector as a whole has seen declines of nearly 70%.
Saturday, June 23, 2018
The cryptocurrency market appears to have reached the point similar to the end of the Dot Com bubble era
At the tail end of the now famous Dot Com bubble, company IPO's were being gobbled up at a record pace, with investors over-inflating the values of these businesses despite the fact they had no track records, profits, or viable products. Yet of all the different asset classes and sectors created since that time, the one that stands out as eerily similar of course is that of cryptocurrencies.
The cryptocurrency market emerged in 2009 following the aftermath of the 2008 Finance Crisis, but the sector really didn't gain serious headway until the Fed had been deep into their monetary expansion policies, similar to what Alan Greenspan did under the Clinton Administration which led to the tech boom. And 2017 saw not only a parabolic rise in Bitcoin and most cryptocurrencies, but the number of ICO's that emerged more than doubled the total amount of differing tokens in just 12 months.
And while 2018 has seen a retracement of the total market cap of all cryptocurrencies by nearly 70%, it has not stopped the implementation of new crypto's onto the market, which according to analysts are still being bought, and at prices much higher than their actual values.
The cryptocurrency market emerged in 2009 following the aftermath of the 2008 Finance Crisis, but the sector really didn't gain serious headway until the Fed had been deep into their monetary expansion policies, similar to what Alan Greenspan did under the Clinton Administration which led to the tech boom. And 2017 saw not only a parabolic rise in Bitcoin and most cryptocurrencies, but the number of ICO's that emerged more than doubled the total amount of differing tokens in just 12 months.
And while 2018 has seen a retracement of the total market cap of all cryptocurrencies by nearly 70%, it has not stopped the implementation of new crypto's onto the market, which according to analysts are still being bought, and at prices much higher than their actual values.
Initial coin offerings (ICOs) continue to overflow the crypto universe, but bitcoin bull Brian Kelly told CNBC that the market is overvalued.
He said investors are in a "wait-and-see mode."
"People are starting to say, 'I'm going to put the brakes on the ICOs right now. I've got my portfolio. I don't need a seventh or eighth ICO,'" the cryptocurrency investor said on
"Fast Money" Thursday. "To me, [ICOs are] not as hot as they used to be."
In fact, Kelly said the market for ICOs, or initial coin offerings, a crowdfunding way to raise funds for cryptocurrency ventures, is "very frothy."
There have been more than 300 ICOs launched in the first half of 2018 — nearly the same amount as all of 2017. And to date, in the first six months of this year, more money has been raised. - CNBC
The battle between paper and physical markets to control the gold price may soon be coming to a head
On June 22, long time precious metals broker and analyst Andrew Maguire spoke in an interview on the state of the physical gold market and their growing decline in supplies to be able to meet global demand. And in a dichotomy between the paper markets which use derivatives to control prices and the physical markets which are finding themselves without stock to keep up with demand, Maguire believes that very soon the tensions between the two markets will be very much coming to a head.
“The Dollar Index to foreign exchange gold conflict is reflective of a paper to physical battle, and given the absolute certainty that the physical kilobar market (as Swiss gold refiners have told me) is now backlogged 2 months out and extending, this battle will be resolved to the upside and soon…
Andrew Maguire continues: “All Swiss refiners are now fully booked out on all gold kilobar production until the end of July. Also, there is reliable feedback that China has been quietly forward purchasing (large) tonnage of refinery production since May and utilizing spot index positions to settle at delivery. With refinery order books now full for 2 months out, each day gold stays below $1,300, more tonnage orders are spot-indexed for delivery. And with order books already full, this backlog was already threatening to extend out into August. - King World NewsWhile last eight days saw the gold cartel severely crush prices to back below their 200 and 50 day moving averages, demand from central banks and institutions for gold at these discount prices have created shortages at the world's largest refiners. And when there are no longer sufficient supplies of any commodity or currency to satisfy demand, as seen over a year ago when India decided to eliminate their highest denominations of currency, the results are more often than not a sharp and rapid rebound of the price to the upside.
Friday, June 22, 2018
Looking for an alternative to college to find the jobs of the future? Now there is a Vo-Tech where you can become educated in marijuana
With the value of a college education no longer commiserate with the inflated cost of going to school, there has been a great deal of talk lately about resurrecting the Tech and Vo-Tech higher learning models. And for a generation of kids coming out of high school, as well as middle aged workers expected to lose their positions to A.I. or robotics, there is an alternative in what is expected to become the fastest growing industry over the next decade.
Meet the Cleveland School of Cannabis.
Meet the Cleveland School of Cannabis.
Thursday evening, nearly 40 men and women made history by becoming the first class to graduate from the Cleveland School of Cannabis.
"I feel like we're making history. I really do," said graduate William Hutson.
Hutson majored in horticulture. He believes his degree will set him apart from others eying the cannabis business.
"I want to put my app in at the Buckeye Relief, so getting this today kind of helps me with that and furthering my career," he said.
Graduates range in age. Some are fresh out of high school, while others are older and recently changed career paths.
"What they all have in common is that they believe in the good that cannabis can serve, particularly as medicine, and they believe in the good cannabis can serve for the economy," said Jacob Wagner, Cleveland School of Cannabis Dean of Instruction and Student Services.
"We have students who want to work at dispensaries as budtenders. We have students who are interested in processing, students who are interested in business, so you don't have to work directly in the industry," he said. - Cleveland 19
Following another large flash crash overnight, analysts see potential for Bitcoin to drop as low as $2500 per coin
After spending the last 10 days trading in a range of between $6200 and $6750, Bitcoin took a major hit overnight and flash crashed down towards $6100. But what is most disconcerting to cryptocurrency enthusiasts and HODLers is that the lack of volume and momentum could see the cryptocurrency fall as far as $2500 according to some analysts.
The most likely scenario for a Bitcoin bottom could come next month when the G-20 meets again in Buenos Aires. That is because discussions on a global regulatory framework for both sovereign and de-centralized cryptocurrencies are on their docket.
Yesterday, Bill Baruch, President of Blue Line Futures, told CNBC bitcoin's "bottoming process can begin" following signs that volatility is "depressed" and that "selling has become exhausted".
Luis Carranza, founder of London Fintech Week has responded by telling Express.co.uk that crypto has come a long way in 2018 and there are plenty of reasons to be "optimistic".
He said: "Crypto is unpredictable. There are massive spikes and drops. $4500 could be the bottom, but there is nothing preventing $2500 from being the bottom. Likewise, as crypto becomes more mainstream the price tends to rise. Even if the price drops to $1000 there's nothing preventing another surge to $14,000." – UK Express
It took four years but one retailer has proven Bitcoin can work as a medium of exchange
Back in 2014 when Bitcoin and cryptocurrencies were little more than a fringe asset class, one retailer decided to invest the time and effort to integrate the digital money into his sales platform. And although it took four years to finally see some traction, the jeweler from Silicon Valley now has more sales in Bitcoin than he does in traditional credit cards.
Stephen Silver, the CEO at Stephen Silver Fine Jewelry, has revealed that after four years of integrating Bitcoin in 2014, cryptocurrency transactions have surpassed credit card sales at the retail shop and 20 percent of the company’s sales are now attributable to cryptocurrency.
Silver, who had previously led Stephen Silver Fine Jewelry to become the first jewelry retailer in the world to accept cryptocurrency back in 2014, said:
“Cryptocurrency has surpassed the volume of retail credit-card purchases in the company in a very short time period. We’ve created revenue that the company would not even enjoy without being able to accept cryptocurrency. Large sums of money are where we are finding cryptocurrency to be a huge advantage.” – BTC NewsWhile the use of cryptocurrencies as a full medium of exchange has not caught on with most retail and service establishments, it does appear to work well in high end retail and with real estate transactions. And since enough exchanges have arisen since 2014 to make the acceptance of Bitcoin and other cryptocurrencies possible, the only two things potentially standing in the way of it one day reaching a critical mass would be that of price stability, and improving the speed to transactions as the blockchain and technology progress.
Momentum growing for Zimbabwe to return to a gold or resource backed currency
At a recent roundtable conference in Bulaways, Zimbabwe on June 15, the idea of backing the Zimbabwe currency with gold and other resources is growing in strength as both financial experts and the Deputy Finance Minister agreed that changes must be made to get the African nation out of its decades long malaise.
Discussions on returning to a gold and/or diamond backed currency was first broached back in May of last year. And as the world rushes towards de-dollarization, nations need to prepare their own economies for a day when they either can't, or no longer want to peg their currencies to the global reserve.
ZIMBABWE should re-introduce its own currency backed by commodities since bond notes and dollarisation has failed, financial expert Persistence Gwanyanya has said.
Speaking during the CEO Africa Roundtable discussion in Bulawayo on Friday, Gwanyanya said the government needed to go back to the drawing board and come up with a permanent solution to the country's cash crisis.
"What is a permanent solution to our cash crisis because it seems dollarisation has reached its sale by date, it would appear the best solution is for the country to re-introduce its own currency," he said.
The plan, Gwanyanya said, would be executed through the forward sale of commodities to other countries.
"It is easy to forward sale our gold production at $2 billion a year. If we forward sale it for five years, we get $10 billion, our tobacco production at $1 billion a year and if we forward sale it we get $5 billion. The same can be done to platinum."
Speaking at the same event, Finance deputy minister Terence Mukupe concurred with Gwanyanya, saying the country needed to adopt its national currency.
"We have to adopt a national currency without doubt and there has to be a cap on the maximum release of how much of the new currency you are going to put out. The numbers that are there right now are indicating that probably the maximum release should not be more than a billion dollars," he said. – Bulawayo 24
Central banks getting their wish as retail demand for gold crashes allowing them to accumulate
If you go back to a released memo from the 1970's, one of the primary purposes of the gold futures market was to dissuade common people from moving into the metal as the dollar devalues. And here in 2018 we still see the fruits of their labor as the price continues to be depressed through massive amounts of short contracts.
In today's market trading, most investors buy on price momentum rather than the traditional way of fundamentals, technicals, and value. And this is one of the biggest reasons why cryptocurrencies saw parabolic moves in 2017, while gold and silver have done just the opposite here in 2018.
But ironically gold itself has not lost its true value, and is being bought by one global entity at record levels. And thanks to the concerted effort to manipulate the price going back as far as 2011, it is allowing central banks to buy huge quantities at discount prices while the retail investor ignores it like the plague.
4. THE MAJOR IMPACT OF PRIVATE U.S. OWNERSHIP, ACCORDING
LIMITED OFFICIAL USE
LIMITED OFFICIAL USE
PAGE 02 LONDON 16154 02 OF 02 102035Z
TO THE DEALERS' EXPECTATIONS, WILL BE THE FORMATION OF A SIZABLE GOLD FUTURES MARKET. EACH OF THE DEALERS EXPRESS- ED THE BELIEF THAT THE FUTURES MARKET WOULD BE OF SIGNIFI- CANT PROPORTION AND PHYSICAL TRADING WOULD BE MINISCULE BY COMPARISON. ALSO EXPRESSED WAS THE EXPECTATION THAT LARGE VOLUME FUTURES DEALING WOULD CREATE A HIGHLY VOLATILE MAR- KET. IN TURN, THE VOLATILE PRICE MOVEMENTS WOULD DIMINISH THE INITIAL DEMAND FOR PHYSICAL HOLDING AND MOST LIKELY NEGATE LONG-TERM HOARDING BY U.S. CITIZENS.
5. AS TO FUTURE DEMAND BY U.S. CITIZENS FOR GOLD, MOST DEALERS DID NOT FORESEE DEMAND FOR PHYSICAL HOLDING AS SIGNIFICANT, WITH THE EXCEPTION OF AN INITIAL SURGE DURING THE FIRST 2 TO 3 MONTHS OF THE YEAR FOLLOWING DEREGULATION THEY DID NOT FEEL THAT U.S. CITIZENS, ON THE WHOLE, WERE PSYCHOLOGICALLY PREPARED TO SWITCH FROM SMALL SCALE GOLD COIN PURCHASES TO LARGE SCALE, LONG-TERM BULLION HOARDING. SEVERAL EXPRESSED THE VIEW THAT THE DEMAND FOR COINS (AFTER THE INITIAL SURGE) WOULD MOST LIKELY BE SUCH THAT IT COULD BE MET FROM WITHIN SHOULD THE U.S. DECIDE TO MINT GOLD COINS FOR SUCH PURPOSES. SPIERS LIMITED OFFICIAL USE - Wikileaks
In today's market trading, most investors buy on price momentum rather than the traditional way of fundamentals, technicals, and value. And this is one of the biggest reasons why cryptocurrencies saw parabolic moves in 2017, while gold and silver have done just the opposite here in 2018.
But ironically gold itself has not lost its true value, and is being bought by one global entity at record levels. And thanks to the concerted effort to manipulate the price going back as far as 2011, it is allowing central banks to buy huge quantities at discount prices while the retail investor ignores it like the plague.
Central banks in emerging-market nations are likely to keep adding gold to their reserves, says BMO Capital Markets. Analysts offered this view after citing a Bloomberg news report that the Bank of Russia added another 1% to its gold holdings in May, taking its total to 62 million troy ounces. “This continues the trend over the past few years where Russia is selling U.S. Treasuries and allocating more to gold,” BMO says. “We expect global central banks, particularly those in emerging markets, to continue to add to gold holdings at a steady pace over the coming years amid efforts to diversify their reserves.” - Kitco
Thursday, June 21, 2018
Liberty Dollar being resurrected as a silver backed cryptocurrency
Six years ago, the creator of the Liberty Dollar found himself on the wrong side of the law and was busted for allegedly 'counterfeiting' the U.S. dollar. Yet what was perhaps most ironic is that the courts appeared to have no idea that the term 'dollar' actually refers to a silver weight of metal instead of simply the name of the American currency.
"the money of account of the United States shall be expressed in dollars or units … of the value [mass or weight] of a Spanish milled dollar as the same is now current, and to contain three hundred and seventy-one grains and four sixteenth parts of a grain of pure … silver.
The Coinage Act of 1792, and followed soon after by the Silver Coinage Acts of 1794 and 95, determined the weight of silver or gold in relation to the value of what was then the Spanish Dolar (Dollar). And these weights remained constant until first gold and then silver were removed from the monetary system.
Yet because the creator of the Liberty Dollar named his private currency using the term 'dollar', and minted his coins too similar to the ones formerly made by the U.S. Mint, the government was able to convict Bernard Von NotHaus of counterfeiting since only the U.S. Treasury is allowed to mint coins under that name.
Fast forward to 2018...
It appears now that the Liberty Dollar is now getting new life breathed into it as the son of Bernard Von NotHaus is reinstituting a silver backed form of money under the guise of a cryptocurrency.
The Liberty Dollar is being resurrected as an asset-backed cryptocurrency that, according to its developers, "facilitates vaulted, physical ownership of precious metals and the real-time trading of physical precious metals."
The cryptocurrency, identified as LD2, is the brainchild of Extra von NotHaus (son of Liberty Dollar creator Bernard von NotHaus) and Steven Brendtro.
The cryptocurrency will first appear with silver assets, with a future issuance to include gold assets.
According to the developers, the LD2 cryptocurrency is "a blockchain-based digital warehouse receipt, issued by [ISSUER], with the precious metals backing on deposit with the [DEPOSITORY], and the [AUDITOR] providing a monthly examination of all holdings. The [AUDITOR] works on behalf of the token holders to verify that all issued tokens are backed by the prescribed amount of precious metals. This third-party vaulting verification and independent auditing ensures that there is exactly one troy ounce of physical precious metal in the vault for each token issued, at all times —– independent of token ownership. As a digital warehouse receipt, every LD2 token is fully redeemable through the [DEPOSITORY] for its precious metals backing."
According to Extra von NotHaus, "the first two issuances, LD2.zero and LD.silver, will be backed by silver before we issue a gold-backed version." - Coin World
Could cryptocurrency expansion lead to the crashing of the internet? BIS study believes so under current technologies
In a new research report by the Bank of International Settlements, the 'central bank of central banks' warned that the ever increasing cryptocurrency industry could potentially crash the internet as mining and transactions demand ever increasing amounts of electricity and processing power.
In fact the study also asserts that without the creation and introduction of next generation supercomputers, the ability of the 'Ledger' (Blockchain ledgers) to be able to expand to necessary and projected levels under the world's current technologies would overwhelm the internet within a matter of months if the ledger became fully mainstream.
In fact the study also asserts that without the creation and introduction of next generation supercomputers, the ability of the 'Ledger' (Blockchain ledgers) to be able to expand to necessary and projected levels under the world's current technologies would overwhelm the internet within a matter of months if the ledger became fully mainstream.
Only supercomputers will be able to process cryptocurrencies in nearest future, and transactions can lead to an internet collapse, according to a recent report by Swiss-based Bank for International Settlements (BIS).
“To process the number of digital retail transactions currently handled by selected national retail payment systems, even under optimistic assumptions, the size of the ledger would swell well beyond the storage capacity of a typical smartphone in a matter of days, beyond that of a typical personal computer in a matter of weeks and beyond that of servers in a matter of months,” the report said.
Records of cryptocurrency transactions are kept on a digital ledger. With every money transfer, the ledger swells in size.
Then, users of cryptocurrencies will face other problems with transactions, according to the report. “Only supercomputers could keep up with verification of the incoming transactions. The associated communication volumes could bring the internet to a halt, as millions of users exchanged files on the order of magnitude of a terabyte,”BIS wrote. - Russia Today
This week brings in a slew of gold backed cryptocurrencies and platforms
As the paper driven gold price continues to fall following last week's Quad-Witching beat down, this week has seen the introduction of two new physical gold backed cryptocurrencies, a new blockchain platform, and a tokenized guarantee to protect against hacking.
June 18: Jinbi Token
June 18: Jinbi Token
Today, Jinbi Token (https://jinbitoken.io/), a UK and Belarus-based gold-backed blockchain business has gone live with the public pre-sale starting at 12 noon. The pre-sale is currently open to the public and will run for 72 hours prior to the main sale scheduled to start on Thursday June 21 2018.
The Jinbi Token merges traditional gold investment with blockchain technology, which allows the token holder to experience the best of both worlds. Jinbi has developed this concept further by being one of the first tokens to be partnered with a gold mining company. Using blockchain technology allows Jinbi to hold its primary assets and secure transactions anonymously, safely, traceably and transparently. – PR NewswireJune 19: GoldCrypto
In a world first, GoldCrypto is providing a much-needed industry breakthrough in cryptocurrency security and is guaranteeing its cryptocurrency tokens from any hacking theft.
GoldCrypto offers 150% gold-backed tokens that keep increasing in gold backing. As well as token protection from hacking theft the AuX tokens present a rock-solid unmatched entry into the gold and cryptocurrency markets. See: https://goldcrypto.io
GoldCrypto AuX token security is being implemented through the CryptoSecure Platform which makes hacking and theft of tokens futile. If any tokens are stolen, they are rendered worthless in the hands of any cybercriminal and replaced into the victim’s account. See: https://cryptosecure.com. – Business InsiderJune 21: Cyronium
Cyronium is a crypto asset that aims to overcome weaknesses in the financial sector by creating an asset that enables individuals to invest and benefit from blockchain technologies.
What makes Cyronium unique is that the platform’s utility token, the CYRO token, is tied to the value of gold which protects the value of the token from bear markets and sudden price changes. This system also reduces the risks bore by crypto investors due to the volatile nature of cryptocurrency prices, making it an ideal option for individuals who are new to cryptocurrency investing.
Aside from investments, Cyronium plans to introduce a platform where SMEs have access to a variety of solutions including interest-free loans and business help to grow their businesses rapidly. The company will also integrate its technology with existing businesses to increase the adoption of the blockchain and Cyronium’s solutions. - ChipinThese new gold backed cryptos bring the resource/asset backed sector of the cryptocurrency market to nearly 40 different tokens.
Another EEU nation preparing to dump dollars and other fiat currencies for gold
In just the past month, three EEU nations have embarked upon a process of dumping dollars, with two of them also increasing their gold holdings in preparation for a post-dollar world.
Earlier in June we discovered that last month's climb of the 10 year Treasury yield to over 3% was primarily due to Russia selling $49 billion of their dollar reserves. Then just a few weeks later Belarus announced they were signing up with Russia to begin bi-lateral trade done outside the reserve currency.
Now on June 20th a 3rd Eurasian Economic Union (EEU) member has jumped into the mix by announcing their were dumping both their dollar and yuan reserves to instead purchase physical gold as their primary monetary protection.
Earlier in June we discovered that last month's climb of the 10 year Treasury yield to over 3% was primarily due to Russia selling $49 billion of their dollar reserves. Then just a few weeks later Belarus announced they were signing up with Russia to begin bi-lateral trade done outside the reserve currency.
Now on June 20th a 3rd Eurasian Economic Union (EEU) member has jumped into the mix by announcing their were dumping both their dollar and yuan reserves to instead purchase physical gold as their primary monetary protection.
China’s neighbor Kyrgyzstan has been piling up gold reserves as a hedge against a possible trade war between Beijing and Washington.
The country is seeking to boost the share of gold in its $2-billion international reserves to 50 percent from its current 16 percent.
“The rules of the game are changing,” Kyrgyz Central Bank Governor Tolkunbek Abdygulov told Bloomberg in an interview. “It doesn’t matter what currencies we have in our reserves; dollars, yuan or rubles all make us vulnerable.”
The Kyrgyz currency, the som, slumped to a record low in 2015 following steep depreciation of the Russian ruble amid an oil crisis and stand-off with the West. Since then, the country boosted the share of gold in its reserves from 8 to 15 percent.
Blame math: University Professor claims math, not greed or human fallibility, is behind the world's wealth disparity
One of the key reasons as to why today's liberalism can be very much considered a mental disorder is due to the fact that those who aspire to it rely completely upon the art of persuasion and the use of emotion rather than through the use of logic, reason, facts, or evidence. And perhaps one of the best examples in recent days occurred when a large portion of the media attempted to compare the separation of illegal alien children from their parents as likened to Nazi concentration camps.
Ie... two completely separate events, with absolutely nothing in common between either of them.
Yet the push by liberals (and we will place socialists, Marxists, Progressives, and even Fascists under this umbrella because all anti-capitalists today like to claim the liberal title) to change the economic structure of a given nation is ironically also being done using the same 'art of persuasion' without the application of either logic, reason, evidence, or facts. And a new book out by a University of Exeter Professor seems to entrench this assertion even more by declaring that mathematics itself is the cause of the world's wealth disparity.
What is most interesting, and perhaps even most ironic about these unevidenced assertions is the fact that economics itself is not a mathematical science. Finance is based primarily on math, but economics is a social science based on nearly all the different areas of history, philosophy, sociology, and psychology. In fact even religion has played a role throughout history when it comes to economics.
Mathematics however has nothing to do with the ways humans interact in society outside of providing a boundary and foundation in which people can understand the basic laws of nature, the world, and the universe. And it has little to do with the creation of wealth disparity the same way a gun has little to do with killing someone... ON THEIR OWN.
Wealth disparity, as with a firearm based homicide/suicide, requires a sentient being (outside of an extremely rare accident or act of God) to make a choice on how these tools are applied, and the results or outcome of those decisions are based entirely on the choices of men. So the absolute irony of the Professor's failed assertions in this particular chapter that mathematics is an 'ethics free' thought tool is that no tool functions on its own without a catalyst, and in finance that catalyst comes in the form of the ethics of man.
For centuries business accounting followed a fairly standard format at its core... if your revenue and assets were greater than your liabilities than you were solvent. If they weren't, then anomalies appeared which required action to correct them or the business failed. But today mathematical and accounting models have been changed so they don't follow the logic of pure mathematics (GAAP vs. Non-GAAP Accounting), and as such it has helped create false results and in part has aided in both a nation's and the world's wealth inequality.
Math, like most well functioning tools, should never have an 'ethics' attributed to them, for that would mean that reality itself would change from day to day based on the fact that nothing would ever be constant. But since this is not the case, and ethics are solely a construct tied to sentient beings such as man, blaming math for wealth disparity and inequality is a sure sign of growing insanity, which sadly is overtaking a large portion of the world's population.
Ie... two completely separate events, with absolutely nothing in common between either of them.
Yet the push by liberals (and we will place socialists, Marxists, Progressives, and even Fascists under this umbrella because all anti-capitalists today like to claim the liberal title) to change the economic structure of a given nation is ironically also being done using the same 'art of persuasion' without the application of either logic, reason, evidence, or facts. And a new book out by a University of Exeter Professor seems to entrench this assertion even more by declaring that mathematics itself is the cause of the world's wealth disparity.
A professor at the University of Exeter claims in a new textbook that learning mathematics can cause “collateral damage” to society by training students in "ethics-free thought."
“The Ethics of Mathematics: Is Mathematics Harmful” was written by University of Exeter Professor Paul Ernest, and published as a chapter in a 2018 textbook he edited called The Philosophy of Mathematics Education Today.
"The nature of pure of mathematics itself leads to styles of thinking that can be damaging when applied beyond mathematics to social and human issues."
Despite the myriad benefits math offers to society—such as increased scientific knowledge and improved healthcare, allowing us to live longer and happier lives—Ernest warns of three ways mathematics education causes “collateral damage” to society.
First, Ernest asserts that “the nature of pure of mathematics itself leads to styles of thinking that can be damaging when applied beyond mathematics to social and human issues,” since math facilitates “detached” and “calculative” reasoning.
“Reasoning without meanings provides a training in ethics-free thought,” he writes, fretting that this “masculine” paradigm “valorises rules, abstraction, objectification, impersonality, unfeelingness, dispassionate reason, and analysis.”
Second, he argues that the “applications of mathematics in society can be deleterious to our humanity unless very carefully monitored and checked,” worrying particularly about how math facilitates transactions of money and finance.
“Money and thus mathematics is the tool for the distribution of wealth,” he states. “It can therefore be argued that as the key underpinning conceptual tool mathematics is implicated in the global disparities in wealth.”
Finally, Ernest worries of the personal impact math has on “less-successful students,” especially women, since math is often perceived as a “masculine” and “difficult” subject.
“One of the persistent myths of the twentieth century has been that females are ‘naturally’ less well equipped mathematically than males,” Ernest claims, albeit without acknowledging data that would complicate his theory. – Campus Reform
Mathematics however has nothing to do with the ways humans interact in society outside of providing a boundary and foundation in which people can understand the basic laws of nature, the world, and the universe. And it has little to do with the creation of wealth disparity the same way a gun has little to do with killing someone... ON THEIR OWN.
Wealth disparity, as with a firearm based homicide/suicide, requires a sentient being (outside of an extremely rare accident or act of God) to make a choice on how these tools are applied, and the results or outcome of those decisions are based entirely on the choices of men. So the absolute irony of the Professor's failed assertions in this particular chapter that mathematics is an 'ethics free' thought tool is that no tool functions on its own without a catalyst, and in finance that catalyst comes in the form of the ethics of man.
For centuries business accounting followed a fairly standard format at its core... if your revenue and assets were greater than your liabilities than you were solvent. If they weren't, then anomalies appeared which required action to correct them or the business failed. But today mathematical and accounting models have been changed so they don't follow the logic of pure mathematics (GAAP vs. Non-GAAP Accounting), and as such it has helped create false results and in part has aided in both a nation's and the world's wealth inequality.
Math, like most well functioning tools, should never have an 'ethics' attributed to them, for that would mean that reality itself would change from day to day based on the fact that nothing would ever be constant. But since this is not the case, and ethics are solely a construct tied to sentient beings such as man, blaming math for wealth disparity and inequality is a sure sign of growing insanity, which sadly is overtaking a large portion of the world's population.
Sunday, June 17, 2018
Hollywood jumps on the cryptocurrency bandwagon with new movie thriller involving money laundering and digital currencies
While Bitcoin has been referenced numerous times in television shows over the past few years, there have been very few motion pictures dedicated to the use of cryptocurrencies. But this appears to be changing as Kurt Russel has agreed to star in an Indie film which is being titled, Crypto.
The film is promoting itself as a thriller involving money laundering, cryptocurrencies, fraud and corruption, and follows in the footsteps of last year's Asian made cryptocurrency based film Bitcoin Heist.
The film is promoting itself as a thriller involving money laundering, cryptocurrencies, fraud and corruption, and follows in the footsteps of last year's Asian made cryptocurrency based film Bitcoin Heist.
Hollywood star Kurt Russell is one of a number of performers set to star in an upcoming indie film about cryptocurrencies.
The film, entitled Crypto, will feature Russell as well as Alexis Bledel, Jeremie Harris and Luke Hemsworth, among others. The Hollywood Reporter notes that the film focuses on a young anti-money laundering agent, played by Beau Knapp, who returns to his hometown in New York to investigate a case of corruption and fraud. Russell is playing the father of Knapp's character, according to press materials.
Crypto's producers are calling it "a thriller in the vein of The Firm and The Girl With the Dragon Tattoo" – but with a decidedly cryptocurrency-focused twist. The film was written by Carlyle Eubank and David Frigerio. – Coin Desk
Texas Gold Depository could be a central bank alternative if enough people choose to accept gold as money
After years of legislative and infrastructural legwork, the state of Texas officially opened their Gold Depository last week. And with gold and silver both being recognized by the state as money and legal tender, the potential for Texans to wean themselves off the central bank debt based system is extremely high.
However there is one important factor that needs to be addressed if this is ever going to happen, and it is for the same reasons why the central bank focuses on keeping gold and silver prices depressed... without confidence you will never get that critical mass necessary to effect the status quo.
And sadly, the majority of Americans have no idea about the value of gold.
That plan has now become a reality, as the Texas Bullion Depository opened in Austin on June 6. The opening of the facility represents a shift away from the federal government’s and the Federal Reserve’s monopoly on money. More accurately, we should say, away from Americans’ forced reliance on the government’s fiat currency in place of real, gold-backed money.
When Abbot signed the bill into law three years ago, he said, in part, “The Texas Bullion Depository will become the first state-level facility of its kind in the nation, increasing the security and stability of our gold reserves and keeping taxpayer funds from leaving Texas to pay for fees to store gold in facilities outside our state.” – New American
And sadly, the majority of Americans have no idea about the value of gold.
Saturday, June 16, 2018
Friday, June 15, 2018
Gold and silver price crushed under $34 billion in derivative shorts on quad witching day
Just as gold and silver prices were really starting to gain some traction after going above $1300 and $17 respectively yesterday, it appears that the cartel needed an excuse to crush prices severely and they found it in during the market's periodic Quad Witching day.
Quadruple witching refers to an expiration date that includes stock index futures, stock index options, stock options and single stock futures. While stock options contracts and index options expire on the third Friday of every month, all four asset classes expire simultaneously on the third Friday of March, June, September and December. Much of the action surrounding futures and options on quadruple witching days is focused on offsetting, closing or rolling out positions, as well as arbitrage trades, with the result being elevated volume, particularly in the last hour of trading.
However it also appears that this was not simply an ordinary beatdown of the metals as the central and bullion banks have spent at least $34 billion in shorting gold and silver through derivative paper contracts, and have been able to move the price lower by more than $20 in just two hours.
Gold and silver both should have soared rather than declined thanks to central banks scuttling their QE programs, and begun conducting rate raising policies that would have required equity holders to look for much more safe haven assets. But since the metals market is completely controlled by the derivative paper market, the price can easily be manipulated at any time, such as with this morning when all fundamentals were in place for gold to move higher.
Quadruple witching refers to an expiration date that includes stock index futures, stock index options, stock options and single stock futures. While stock options contracts and index options expire on the third Friday of every month, all four asset classes expire simultaneously on the third Friday of March, June, September and December. Much of the action surrounding futures and options on quadruple witching days is focused on offsetting, closing or rolling out positions, as well as arbitrage trades, with the result being elevated volume, particularly in the last hour of trading.
However it also appears that this was not simply an ordinary beatdown of the metals as the central and bullion banks have spent at least $34 billion in shorting gold and silver through derivative paper contracts, and have been able to move the price lower by more than $20 in just two hours.
Gold and silver both should have soared rather than declined thanks to central banks scuttling their QE programs, and begun conducting rate raising policies that would have required equity holders to look for much more safe haven assets. But since the metals market is completely controlled by the derivative paper market, the price can easily be manipulated at any time, such as with this morning when all fundamentals were in place for gold to move higher.
