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?

Thursday, March 22, 2018

Godfather Part III? Brother of drug lord Pablo Escobar going straight with introduction of Diet Bitcoin cryptocurrency

One of the primary themes from the 1990 film The Godfather Part III was how Michael Corleone wanted to eliminate his family's history of illegal business dealings and establish a legitimate conglomerate that was completely disconnected from mafia ties.  In the end however, Michael could never truly escape his family's past and it ended up costing him his daughter as well as his legacy.

This idea of someone from a notorious family trying to escape their situation and circumstances is not a new concept, but rarely does it end without tragedy.  And interestingly enough, the latest chapter of an individual trying to do this is none other than the brother of drug lord Pable Escobar who on March 21 announced he was creating his own cryptocurrency.

The blockchain space is truly full of surprises. It appears that Roberto Escobar, the biological brother of notorious drug lord Pablo Escobar, has launched his own cryptocurrency: Diet Bitcoin (DDX). 
A hard fork of the Bitcoin network, the new currency promises to offer a faster and lighter alternative to Bitcoin. Roberto’s eponymous venture investment firm, Escobar Inc, is currently running an initial coin offering (ICO), where users can buy the token at a 96-percent discount: down to $2 from $50. 
A spokesperson for Escobar Inc has since exclusively confirmed Roberto’s involvement in the project in an email to TNW. 
The Diet Bitcoin website says the total supply of 1,000,000 DDX will be split in three separate token sales: 300,000 DDX will be sold at $50 (currently discounted to $2), another 300,000 will go for $100 a coin, and the remaining 400,000 will be priced at $1,000. – The Next Web

Human nature is the same no matter the platform as Blockchain now being used to transmit child porn as well as money laundering

When the powers that be come out and jawbone that cryptocurrencies and the blockchain are evil because they can be used for transactions like tax evasion and money laundering, they are not entirely incorrect.  However what they leave out in their rhetoric and in their attempts to crucify these growing technologies is that financial crimes, tax evasion, and even funding human trafficking occur far more in their own controlled systems than it does on the Dark Web or the Blockchain.

Yet sadly, the root problem has never been the tools, technology, or innovations which can always be used for either good or evil, and instead lie at the feet of human nature, which has been engaging in corrupt, fraudulent, and diabolical activities since the beginning of time.

So with this in mind it should actually come as no surprise that in the short amount of time Blockchain technology has been available, wicked individuals are already using the platform to deal in child pornography and other illegal activities.

Researchers discovered 59 rogue files buried within Bitcoin's blockchain which contain "objectionable content such as links to child pornography," which raises risks related to storing content unrelated to cryptocurrencies on the blockchain and the potential legal pitfalls.  
The discovery of the illegal content on Bitcoin's blockchain could, according to the scientists, "jeopardize a whole cryptocurrency" with more than 600 transactions containing logged conversations, emails and forums discussing Bitcoin and including money laundering and backups of the WikiLeaks Cablegate data also unearthed.  
The threats to the blockchain have been exposed for the first time in a paper presented at the Financial Cyrptography and Data Security conference on the Dutch Caribbean island of Curacao: A Quantitative Analysis of the Impact of Arbitrary Blockchain Content on Bitcoin
"As of now, this can affect at least 112 countries in which possessing content such as child pornography is illegal. This especially endangers the multi-billion dollar markets powering cryptocurrencies such as Bitcoin," the paper states. -  Sputnik News
While 99.9% of individuals conducting business on the Blockchain are doing so in a fair and legal manner, that last .1% is always just enough to put a crack into the doorway for politicians and agenda mongers to propagandize their evil for their own benefit, and allow them to usher in more laws and regulations which will over time restrict the Blockchain from evolving fully into the platform it was originally intended for.

Wednesday, March 21, 2018

The Daily Economist update for March 21 2018 - FED DAY! And other financial and economic news

UK exchange to initiate their own cryptocurrency futures contract that will not just provide cash settlement, but also deliver cryptocurrencies

When the CME opened up a Bitcoin futures contract back in December of last year, the one interesting caveat within it was that there would be no actual delivery of  the cryptocurrency.  In fact all contracts would be cash settled, meaning the contract acts simply as a paper trade versus a normal contract for a commodity that would allow for delivery of physical goods.

However there may soon be a cryptocurrency futures contract arriving that will provide investors access to the cryptos upon demand as a company in the UK is preparing to initiate a futures contract that will provide settlement through cryptocurrency delivery.

Coinfloor, a London-based group of cryptocurrency exchanges for institutional and sophisticated investors and traders, plans to launch a futures exchange for digital assets that will include the first physically delivered bitcoin futures contracts. 
The new exchange, CoinfloorEX, will allow miners, hedge funds, traders and sophisticated investors to unlock the financial potential of bitcoin at scale, through specifically designed cryptocurrency contracts and operational controls, supported by institutional grade risk management and governance, Coinifloor announced in a press release. 
By offering the first physically delivered cryptocurrency futures contracts, CoinfloorEX was designed to protect investors and traders against price slippage on positions at the time of settlement, as well as concerns of market manipulation. 
The settlement is based on physical delivery rather than an index price from across other exchanges, providing greater pricing transparency. 
Access to Coinfloor’s spot exchange will allow investors to convert bitcoin to fiat currency post-physical delivery, providing opportunities for longer-term currency appreciation or through meeting bitcoin-denominated obligations. 
The exchange is secured by 100% multi-signature cold storage, protecting client portfolios from theft, loss or other security issues associated with partially online or online only storage. - CCN

Global central banks provide reasons behind their accumulation of gold while the U.S. remains silent in new survey

It seems that nearly all central banks except the United States are now focusing on either repatriation, or accumulating gold as the global financial system spirals towards its next liquidity or debt crisis.  And in a survey conducted by Bullionstar earlier this month, 41 of the top gold holding central banks responded to the questionnaire while only one remained silent.

And that one was the United States.

Taking the list of official sector gold holders compiled by the World Gold Council (which uses IMF data sourced from the individual banks), the Top 40 gold holders on this list were identified. While most of the Top 40 gold holders are national central banks or equivalent, there are also a small number of international monetary institutions in the Top 40, namely, the Bank for International Settlements (BIS), the European Central Bank (ECB), and the International Monetary Fund (IMF). A similar question was sent out to each bank and institution. The question was: 
“in the context that central banks hold gold as a reserve asset on their balance sheets, can Central Bank X clarify the main reasons why it continues to hold gold as a reserve asset?”Bullionstar via Silver Doctors

Gold is a type of emergency reserve which can also be used in crisis situations when currencies come under pressure.”


“Gold is an essential part within our strategy for crisis prevention and crisis handling and is held as liquidity reserve but is also a means to diversity our investments.”


“As part of a good diversification of currency reserves, a certain proportion of gold can help reduce the balance sheet risk. The Swiss Federal Constitution, art. 99 stipulates that the SNB has to hold a part of its currency reserves in gold.


“Gold, due to its attributes is a quite specific asset, and traditionally has been an important component of central bank’s foreign reserves.


While these are just a few of the over three dozen central banks that responded to the questionnaire, you can see that the primary reason for each bank is nearly the same... to act as a reserve and to protect their currencies in the event of a monetary or financial crisis.

Which begs the question then... would gold accumulation accelerate if the world decides to go back to a form of the gold standard?  And outside of completely devaluing their currencies, how much gold, or how high a gold price, would be necessary to backstop their debt and money supplies?

Gold bounces back nearly $20 from yesterday's declines as markets await another expected rate hike from the Fed

For no particular reason yesterday, the dollar soared over 40 bps while gold fell to a three week low of around $1307.  However as the Fed prepares in a few hours to announce their next interest rate policy shift, not only has the dollar lost all of yesterday's gains, but gold has recovered all of its losses and is now well above even where it started at the beginning of Tuesday's market open.

Gold futures on Wednesday edged up from the three-week lows notched in the previous session, shaking off a firmer dollar ahead of a widely expected interest-rate hike by the Federal Reserve and potential clues on how aggressive the central bank panel will be with rates from here. 
Investors across financial markets have priced in expectations the Fed will raise its benchmark rate by a quarter-percentage point. Investors are watching for hints that new Fed Chairman Jerome Powell and team will signal four rate rises in 2018 rather than three as previously signaled. 
The rate announcement comes out at 2 p.m. Eastern, followed by Powell’s press conference at 2:30 p.m. -  Marketwatch

Tuesday, March 20, 2018

The StableCoin sector of cryptocurrencies is picking up steam as new one will back its crypto with Swiss real estate

It appears that resource backed cryptocurrencies finally have a label in the industry as more and more are falling under the term of a StableCoin.

StableCoins are cryptocurrencies that represent stability in price and have much lower volatility than unbacked cryptos such as Bitcoin, Ethereum, and Litecoin.  And they encompass a myriad of resources such as gold, diamonds, oil, and now real estate.

Liquidity and volatility are two issues that dog almost every blockchain technology startup and cryptocurrency, which is why “stablecoins” are becoming popular. Backed by gold, oil, fiat, and other, more established currencies, assets, and utilities, stablecoins offer an interesting alternative to regular cryptocurrencies. 
Today, SwissRealCoin (SRC) has announced its estate-backed cryptocurrency platform, which enables access to Swiss real estate value for investors around the world.
By backing the coin with real estate, SwissRealCoin hopes to provide a more stable option. 
“Real estate is a very traditional and stable asset class and therefore a very good choice for a real stablecoin,” Marc P. Bernegger, cryptocurrency entrepreneur and ICO advisor at SwissRealCoin, told me. “Switzerland stands out for its stable economic fundamentals in international comparison. Positive GDP growth, very low unemployment, a stable and liberal government, and a very low debt-to-GDP ratio help ensure a prosperous environment for our stablecoin.” 
The money raised through the SwissRealCoin ICO will be invested in Swiss commercial real estate assets. A percentage will also go into the development of its blockchain platform, which includes algorithms that the company claims will  help maintain a reasonable profit and minimize the downside. – Venture Beat
To date, cryptocurrencies falling under the guise of a StableCoin have held their value much better than unbacked cryptos, as seen by the fact that most gold backed ones have increased in price at the same time that Bitcoin and other cryptocurrencies have declined by more than 50% since their all-time highs back in December of 2017.

Trump's tax cuts and reform already creating liquidity problems for European banks

Shortly after Congress and the President passed and signed a bill to institute tax cuts and reform, we had mentioned in a podcast how this law had to the potential to create serious liquidity issues for Europe as U.S. companies that held deposits overseas may bring them back to be used domestically.  And now just a few months later, this very fear appears to be coming to pass.

The European inter-bank market is going through the biggest shortage of US-dollar liquidity in nearly nine years. According to analysts, US tax reform may be behind the largest deficit since the financial crisis. 
As the Federal Reserve took a more hardline position towards the US monetary policy, LIBOR, a benchmark rate tied to finance products and debts of over $350 trillion, soared to the highest level in over eight years. Current unsecured dollar loans for the last three months are forcing European banks pay 2.2 percent in annual interest, according to financial news website 
The finance sector has seen a widening of the so-called Libor-OIS spread. This indicator shows the level of availability of the US currency. Its mean value has nearly doubled over the past two years. 
The rapid widening of the Libor-OIS spread shows that the market faces a dollar deficit, according to an economist at VTB Capital Neil McKinnon, as cited by the media. The tax reform, currently implemented by the US government, could reportedly have an impact on dollar liquidity across the globe. The measure seeks to encourage American corporations to bring nearly $2 trillion from foreign accounts back home.  – Russia Today