Category Archives: Currencies

Why The Globalists Need A War, And Soon, by Brandon Smith

The globalists need a major war, but not nuclear armageddon, sooner rather than later, to consolidate their world government and monetary control plans, according to Brandon Smith. From Smith at alt-market.com:

It is difficult to gauge and understand geopolitical and economic events without first comprehending the fact that much of what happens in the world is engineered to happen and with a specific encompassing goal in mind. If you subscribe to the theory that all is random “chaos” and outcomes are circumstantial or coincidental, then you will be lost in the dark on most things. If you think a globalist “conspiracy” would require “too much control” or foresight, I would point out that organized conspiracy by people in power is a matter of history, not of theory. If such cabals were prevalent in the past, it is rather foolish to dismiss the reality that they are prevalent today.

In my articles “The Economic End Game Explained” and “The Economic End Game Continues,”I outline considerable evidence supporting the following conclusion: International financiers and political puppets in Western AND Eastern countries share a deep rooted ideology called “globalism” or the “new world order.” This ideology demands total centralization of economy and government resulting in a single global fiscal authority, a single global monetary system and a one world ruling structure. Obviously, such a pursuit would take extensive time and planning. It is a long term project, with moments of accelerated change.

The globalists refer to the process of their intended change as the “global economic reset.” A reset of the world’s economic processes is not so far fetched as skeptics like to argue. When an organized group of ideologues maintains control over the currency production and interest rates of most nations on the planet, it would hardly be difficult to manipulate politicians, manipulate legislation or even scientifically conjure financial bubbles and collapses. By extension, it would also be simple to trigger international conflicts if needed.

But why would war be a necessary ingredient to globalization?

To continue reading: Why The Globalists Need A War, And Soon

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Expect Desperate and Insane Behavior From Government in 2018 – Part 2 (Bitcoin), by Michael Krieger

Wise governments will welcome cryptocurrencies; the other 99.9999 percent will persecute them. From Michael Krieger at libertyblitzkrieg.com:

The financial crisis of 2008/09 was the most significant event to happen in my lifetime. That episode, coupled with the deeply unethical and corrupt response to it, led to a direct delegitimization of governments and institutions worldwide. It’s precisely this self-inflicted destruction of credibility which opened up the window for the birthing of a new monetary and financial system in the wake of Bitcoin’s emergence in early 2009.

Bitcoin is a system designed to be everything the status quo isn’t. Decentralized, transparent, permissionless, with a well-defined and restricted monetary supply curve. Given the backdrop upon which it emerged, it’s unsurprising that as more time passes, the more popular it becomes.

Humanity is desperate for a major reboot and an entirely different way of doing things. Bitcoin and other crypto assets offer exactly that opportunity in the realm of finance and money, thus capturing the imagination of millions of the most brilliant and passionate people around the world. Since the status quo stubbornly refused to reform and change the system after the financial crisis, humanity had no choice but to take charge and do it independently at the grassroots level.

One thing that’s become increasingly clear to me as I’ve added years and experiences to my life, is that governments, generally speaking, hate freedom. It’s why something as beneficial and benign as cannabis remains illegal throughout the world, and why people like Jeff Sessions still want to criminalize it even in states where the actual people living there voted to make it legal (see Part 1 of this series). While the fairytale we’re conditioned to believe tells us government exists to protect us and create an environment in which humans can thrive, the reality is quite clearly the opposite. The crooked response to the financial crisis demonstrated this in spades to anyone paying even the slightest amount of attention.

To continue reading: Expect Desperate and Insane Behavior From Government in 2018 – Part 2 (Bitcoin)

The government is coming for your Bitcoin, by Simon Black

Have you made a lot of money in cryptocurrencies? Don’t forget, the taxing authorities will want their cut. From Simon Black at sovereignman.com:

The same day Bitcoin cracked its all-time high above $11,000, the government dealt its first blow to the crypto world…

On Wednesday, a federal judge in San Francisco ordered the popular Bitcoin exchange, Coinbase, to provide the IRS with information on over 14,000 account holders.

The taxman noticed that only 800-900 people reported gains related to Bitcoin in each of the years between 2013-2015. It seemed unusual given Bitcoin’s meteoric rise.

So the IRS went for its pound of flesh.

Initially, the government wanted complete data on every Coinbase user that transacted between 2013 and 2015. The exchange’s website says it has 13 million users (more than the number of Schwab brokerage accounts).

But Coinbase pushed back… and the government agreed to only take limited data (including name, date of birth, address, tax ID number, transaction statements and account logs) for accounts that have bought, sold, sent or received at least $20,000 worth of Bitcoin in a given year.

Don’t say I didn’t warn you about Coinbase. I told Sovereign Man: Confidential readers last month:

If you’re tempted to purchase Bitcoin from the popular Coinbase exchange, don’t bother.

They’ve sold out to regulators.

The IRS is calling this a “partial win.”

But you can be sure, there will be a public beheading. This is something governments almost always do.

They’ll find a prominent Bitcoin person, someone that’s polarizing to the public – like “pharma bro” Martin Shkreli.

It will be a very public trial… and they’ll throw his ass in the slammer.

Government’s always do this because they want to scare people.

Kim Dotcom is the perfect example. Kim founded the popular file-sharing site Megaupload.

The government wanted to stop illegal downloads, so they raided his guy’s house in New Zealand for violating US law.

The government also does this for taxes… everything, really.

Look at Wesley Snipes. The IRS accused him of felony tax evasion. He spent three years in jail.

They had to take a celebrity and throw him in jail to scare everyone else.

To continue reading: The government is coming for your Bitcoin

The Complete Idiot’s Guide to Being an Idiot, by MN Gordon

MN Gordon instructs how to make what will probably prove to be idiotic trades. From Gordon at economic prism.com:

There are many things that could be said about the GOP tax bill.  But one thing is certain.  It has been a great show.

Obviously, the time for real solutions to the debt problem that’s ailing the United States came and went many decades ago.  Instead of addressing the Country’s mounting insolvency, lawmakers chose the expedient without exception.  They kicked the can from yesterday to today.

Presently, there are no good options left to fix the mathematics bearing down on us all.  Hence, in the degenerate stage of an overburdened nation-state, style over substance is what counts.  Without question, Congress and President Trump played their parts to push the bill with much bravura.

On Tuesday, for example, President Trump, Senate Majority Leader Mitch McConnell, and House Speaker Paul Ryan held a White House meeting with two empty chairs.  Apparently, Senate Minority Leader Chuck Schumer and House Minority Leader Nancy Pelosi didn’t want to participate in a “show meeting.”  Thus, they made a spectacle of themselves and ditched the meeting.

Indeed, their absence was all part of the show.  Moreover, the entire episode was show; nothing more.  At the time of this writing (Thursday night), the show continues on.  The last we heard, the Senate vote had been delayed until Friday.  By the time you read this it may be a done deal – or maybe not.

Regardless, the tax bill is all quite meaningless when you have a fiat currency that’s been stretched out like silly putty.  No doubt, this has propagated immense financial speculation while outrunning actual economic growth.  The effect has manifested in strange and unexpected ways.

Decentralized Cryptocurrencies

Incidentally, following Fed Chair nominee Jay Powell’s confirmation hearing before the Senate Banking Committee on Tuesday, Senator Elizabeth “Pocahontas” Warren remarked that the Fed had the same regulatory attitude going into the crash of 2008 because they haven’t intervened in bitcoin.

Naturally, it never occurred to Warren that bitcoin could be a barometer of the Fed’s extreme intervention into credit markets.  Without artificially suppressed interest rates and Fed asset purchases, bitcoin would’ve never become the recipient of such speculative fervor.  Attempting to regulate it now is like assigning price controls by edict to address a Fed induced bout of consumer price inflation.

To continue reading: The Complete Idiot’s Guide to Being an Idiot

This Cycle–It’s China, by Kevin Muir

China is tapping the brakes on its economy, and the reverberations will be world-wide. From Kevin Muir at themacrotourist.com:

I know everything is fan-freaking-tastic – with the tax reform bill and global synchronized expansion and all. I figure the last thing you need is some nattering naysayer throwing cold water on this unbelievable party, so I won’t. At least not for the short run. This rally will end when it ends. Maybe tomorrow, maybe next week, maybe next month, maybe next year. I don’t know and every time I try to guess, I just end up looking foolish.

But I recently listened to this terrific Bloomberg Masters in Business interview of the legendary hedge fund manager, Felix Zulauf, and he articulated such a compelling argument for the timing of the next slowdown, I felt like Felix was my Spirit Bear.

I have always enjoyed Felix’s viewpoint, but Barry Ritholtz did such a great job during this interview, that I have a new found appreciation for Felix’s career, and more importantly, his market calls. I had mistakenly assumed Felix was always bearish, but the truth of the matter is that he definitely switches from side to side, and is not the pro-typical Swiss hard money uber-bear. I didn’t agree with all of his economic philosophy by any means, but his market (and political) analysis was some of the most compelling dialog I have listened to in quite some time. If you haven’t heard it, then give it a listen.

If you don’t want to take the time, don’t fret – I have transcribed the most important part for you.

Felix: China I believe is in an interesting position right now. You heard President Xi’s speech last week, and in 2021 there is the 100th anniversary of the Chinese Communist party and it’s very clear that they want to have a strong economy at that time. If you want to have a strong economy in 2021, you stimulate in 2020. And they are central planners. So that’s means they have to take their foot off the pedal in 2018, 2019. I think in ‘18 and ‘19, they will address the imbalances in the financial sector and that will slow down the Chinese economy in ‘18 and ‘19, which will also slow down the rest of the world.

To continue reading: This Cycle–It’s China

Why Are the Homes of the Elite So Ugly? by Bill Bonner

Some things just can’t be bought, like class and taste. From Bill Bonner at bonnerandpartners.com:

BALTIMORE – Yesterday, we saw the soul of America.

We drove by a house so imposing… so monstrously ugly… so laughably pretentious that we almost drove off the road staring at it.

On a suburban lot, it was as though it had fallen off the delivery truck and rolled into place, with no thought as to its surroundings.

It was a fake mansion!

Yes, dear reader, it is all fake – our money, our economy, our markets, our government… even our mansions.

Bitcoin Bonanza

On Tuesday, we made another 10% gain on our bitcoin “investment”… at a rate of about $4,000 per hour.

That’s more money in one day than we made during our first 10 years of work – combined.

Our coins, formerly worth nothing, are now worth more and more.

At this rate – a 10% rise versus the dollar each day – if you make a $10,000 investment, before Christmas, you will have $100,000 or more. Or less.

Possibly much less…

We toiled not, neither did we spin. We invented not. We earned not. Not a single morning did we get up at the crack of dawn to earn that money… nor a single night did we stay up late studying to make it happen.

Instead, it was as though we had walked through a casino and randomly yanked on one of the one-armed bandits. Ka-ching!

Nor did we learn anything… except that it’s a mad, mad, mad, mad, mad world – which we already knew! And if Civilization author Clive Bell is right, this is the best kind of money. We didn’t distract ourselves from “thinking and feeling.” We have no coal dust under our fingernails… and no hands calloused by years of hard work.

 

To continue reading: Why Are the Homes of the Elite So Ugly?

Bitcoin, Terence McKenna and the Future of the Internet, by Michael Krieger

Michael Krieger thinks it’s early days on the internet, cryptocurrencies, and a host of other innovations we don’t know about yet, because they haven’t been invented. He’s bullish on the future. From Krieger at libertyblitzkrieg.com:

We have millions of people who are warehoused in almost a larval state in their apartments, watching tv, paying for their medical plans, and glued to this mindless opera of cultural decay that’s recited day after day in front of them. I mean, it’s horrible to imagine — and this is a creation to some degree of the world corporate state, that probably has to be addressed. 

– Terence McKenna, The Internet is the Cure for TV (1994)

I know the title of this post seems strange in light of several factors. First, it’s been nearly twenty years since the dot-com bubble burst and it’s estimated that 3-4 billion people globally, or roughly 50% of the world’s population, already surf the web. Second, it’s become increasingly trendy in 2017 to highlight all the bad things about the internet, with social media typically singled out for the most intense and visceral criticism. Although I acknowledge some very real downsides of social media such as unhealthy obsession and addiction, most of the outrage we’ve seen this year has been focused on “fake news” and “Russia meddling.” In other words, most of the hysteria’s been political in nature, and would barely be registering anywhere near its current decibel level had Hillary Clinton won the election.

All of a sudden, there’s this insistence that social media is especially dangerous because it fosters the creation of echo chambers rife with tribal confirmation bias. Spaces where people with the same views simply talk to one another, and whoever’s willing to be the loudest and most aggressive at signaling to their tribe becomes the most popular. I don’t deny that this phenomenon exists, but like with anything else, you have to accept the bad with the good, and in the long-run the good far outweighs the bad. The main reason so many are having a panic attack right now is because the internet and social media allowed the public to talk to one another directly without being force-fed corporate media narratives and they decided to reject the chosen one, Hillary Clinton.

As such, the “very smart people” and “experts” have concluded the problem is with the voter, as opposed to the terrible candidates on offer or the corrupt system itself. This is the real reason for the current obsession with “fake news” and dangerous social media echo chambers. The elites are simply frustrated that their methods of propaganda no longer work as more and more people talk to each other online.

To continue reading: Bitcoin, Terence McKenna and the Future of the Internet