Bitcoin is tipping the scales in the Remittance Industry: Heavy adoption

bitcoin remittance

‘Borderless’, ‘Peer to Peer’ and ‘Low transactional charges’- prime attributes of Bitcoin that has made its adoption conceivable. Interestingly these are the factors that helped the cryptocurrency to find its place in the remittances industry.

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We Can Only Afford One, So Choose Wisely: Social Security/Medicare, Cartel Cronyism or Inflation (Central Banking)

It’s easy to quantify the annual cost of Social Security/Medicare, and not so easy to calculate the cost of Cartel Cronyism and Central Bank-created inflation.Cartel cronyism is a hidden tax on the entire economy, as is Central Bank-created inflation.

That makes it easy for the financial-political Oligarchy to continue their skimming operations, because nobody says Cartel Cronyism cost us $1 trillion last year, and central bank skimming (inflation) cost us another $1 trillion.

The stark reality is there are limits on what we as a nation can afford in the long term. Borrowing trillions of dollars annually at low rates of interest creates a magical-thinking illusion that we can just tack on another $10 trillion, or what the hay, make it $100 trillion, and get away with it, because we’ve gotten away with it so far.

This leaves us an equally stark choice: we can only afford one of these three crushing costs:

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Gold Rises In All Currencies In 2016 – 9% In USD, 13% In EUR and 31.5% In GBP

– Gold gains in USD, GBP, EUR, CAD, AUD, NZD, JPY
– Gold gains in CNY, INR & most emerging market currencies

– Gold surges 31.5% in British pounds after Brexit shock
– Gold acted as hedge and safe haven in 2016 … for those who need safe haven
– Furthers signs of market having bottomed and bodes well for 2017
– What drivers will gold respond to in 2017?
–  EU elections and contagion risk, Geo-politics, terrorism, war and cyber war
–  Outlook for gold good during Trump Presidency (2017 to 2020)

gold-2016Click on to see enlarged table
Source: GoldPrice.org

Gold was the best performing currency in 2016, rising as it did in all major currencies. It again performed the function as a hedge against currency devaluation and this was seen particularly in sterling terms with gold rising 31.5% in British pounds after the Brexit shock.

gold-chart-2016Gold in USD in 2016

Gold prices closed 2016 at USD 1,159.10, EUR 1,098.36 and GBP 942.58 per ounce.
Gold prices closed 2015 at USD 1,062.25, EUR 974.32 and GBP 716.36 per ounce.
(Gold AM fixes on December 30th 2016 and December 31st 2015 respectively)

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2016 Overview & 2017 Outlook: Bitcoin Analysis, Commentary and Strategies

Bitcoin IRA

 

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Trump Aims to Cut the Neocon Deep State Off at the Knees

I have long held that America’s Deep State–the unelected National Security State often referred to as the Shadow Government–is not a unified monolith but a deeply divided ecosystem in which the dominant Neocon-Neoliberal Oligarchy is being challenged by elements which view the Neocon-Neoliberal agenda as a threat to national security and the interests of the United States.

I call these anti-Neocon-Neoliberal elements the progressive Deep State.

If you want a working definition of the Neocon-Neoliberal Deep State, Hillary Clinton’s quip–we came, we saw, he died–is a good summary: a bullying, arrogance-soaked state-within-a-state pursuing an agenda of ceaseless intervention while operating a global Murder, Inc., supremely confident that no one in the elected government can touch them.

Until Trump unexpectedly wrenched the presidency from the Neocon’s candidate. The Neocon Deep State’s response was to manufacture a mass-media hysteria that Russia had wrongfully deprived the Neocon’s candidate (Hillary Clinton) of what was rightfully hers: the presidency. (The Neocons operate their own version of the divine right of Political Nobility.)

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[KR1015] Keiser Report: Consumer Confidence

We discuss consumer confidence for young people collapsing and Max Keiser’s dancing. We also discuss the fact that Americans are now more in debt than at the beginning of the financial crisis, according to the NY Federal Reserve and US Census data. What does this mean for 2017? In the second half, Max interviews Constantin Gurdgiev of macroview.eu to discuss the root of the 2007-1010 financial crisis being back with a vengeance and what Trump should do in response to the next inevitable credit collapse.


Very Powerful People in the U.S. Government Want War – This is Their Sales Pitch

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The following will probably be one of the most important articles I’ve ever written. After spending some time watching the recently concluded intelligence briefing to the U.S. Senate, I’ve concluded it to be one of the most disturbing and ominous things I can remember. I have several takeaways from what I saw, and none of them are good.

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Trump’s Tweets To Push Gold To $1,600/oz in 2017?

Trump’s Twitter Age Could See Gold Rise 13% In 2017

  • Gold price seen jumping 13% in 2017 after 9% gain in 2016, Bloomberg analyst survey shows
  • 140-character missives by President-elect means new paradigm
  • “140 characters of unfiltered Trump is likely to create tensions with America’s largest trading partners…”
  • Bloomberg Intelligence poll shows 42 percent of respondents predict gold will be the best-performing metal in 2017
  • Two Bloomberg respondents including GoldCore say gold to reach $1,600/oz
  • “Markets that are already shaken by the fallout from Brexit, the coming elections in Europe and indeed the increasing specter of cyber warfare could again see a safe-haven bid…”
  • Gold is not “irrational” today – politicians, policy markers and markets are
  • Gold that can inspect and take delivery of easily a vital hedge against massive irrationality in world of 2017

From Bloomberg:

“The Donald J. Trump era is marking a new age for gold as an investor safe haven.

While the precious metal has always been hoarded in times of trouble, a bevy of political and economic surprises in 2016 sparked a surge in buying that sent bullion to the first annual gain in four years. Prices may rally about 13 percent in 2017, according to a Bloomberg survey of 26 analysts.

Fueling the bullish outlook is the risk of chaos on multiple fronts: a possible trade war from America’s fraying relationship with China, the alleged Russian hack of U.S. political parties, the U.K.’s complicated exit from the European Union, and elections slated in France, Germany and the Netherlands that may see a rise of nationalist groups.

And then there are Trump’s frequent Twitter posts, in which the U.S. president-elect feuded with rivals and made declarations that unsettled allies even before he takes office Jan. 20.

“140 characters of unfiltered Trump is likely to create tensions with America’s largest trading partners,” Mark O’Byrne, a director at broker GoldCore Ltd, said by e-mail.

“Markets that are already shaken by the fallout from Brexit, the coming elections in Europe and indeed the increasing specter of cyber warfare could again see a safe-haven bid.”

Gold for immediate delivery is up 8.9 percent this year (2016) to $1,155.12 an ounce, halting a three-year slide. More than two thirds of the analysts and traders surveyed from Singapore to New York said they were bullish for 2017.

The median year-end forecast was $1,300, with the year’s peak seen at $1,350. Two, including O’Byrne, said the metal may reach $1,600.”

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[KR1014] Keiser Report: Predatory Promises

We discuss the run up in bitcoin prices and the runs on pension funds in Dallas, Texas. The two are related by predatory promises made by politicians and officials to various groups of voters throughout the years – usually tied to an election cycle. They also discuss how the biggest pension in the world, Calpers, is cutting benefits to some retirees by up to 60 percent.


Donald Trump Has an Enormous and Very Dangerous Wall Street Blind Spot

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The biggest disappointment regarding Donald Trump since being elected President has been his total embrace of dangerous Wall Street thieves. As it is currently structured and incentivized, the financial services industry represents one of the most destructive and least beneficial forces within the U.S. economy. It is essentially a parasitic industry.

Unfortunately, Trump didn’t merely pick one or two competent finance guys to be in charge of finance-related jobs. Rather, he decided to surround himself with some of the worst of the worst (see links at the end) within an industry that often operates like a criminal syndicate. Treasury Secretary pick Steven Mnuchin is one of these people, and I believe this choice represents the single biggest mistake Trump has made as President-elect.

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Bitcoin to the Moon in 2017

Bitcoin Rocket

On Monday, January 2, 2017, Bitcoin built enough momentum to cross the $1000 milestone once again after it reached a 3-year high of $1,033. On Tuesday, January 3, 2017, Bitcoin showed that the gains in first trading day of the year were here to stay.

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Why Profits Are Faltering

The bedrock assumption of the Bull market is that corporate profits will keep rising indefinitely. Hiccups are allowed, but current stock market valuations are implicitly based on profits expanding.

The fly in the ointment here is corporate profits have been stagnating since 2014. Here is the St. Louis Federal Reserve (FRED) chart of pre-tax corporate profits:

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