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?

Tuesday, December 12, 2017

Don't tell us... yes! It is another gold backed cryptocurrency making its IPO this week

It is almost getting to be a common theme in the cryptocurrency realm, as the arrival of a new week must mean the arrival of a new gold backed cryptocurrency up for an IPO.

On Dec. 11 Baselbit 4 finished its Pre-ICO offering, accumulating over $1 billion in the sale.  And this gold and silver backed cryptocurrency appears ready to forge ahead of many other gold backed cryptos that have sprung up in recent weeks.

BaselBit 4(#BB4), a crypto coin underpinned by blockchain and backed by the stability of .999 pure AG silver and .999 pure AU gold value, saw more than $1 billion traded in the first day of its ICO prelaunch today. 
Shielded from the volatility of fiat or typical crypto currencies, the BaselBit4(#BB4) is backed by real gold value allocated in the Monetary Lien System vaults, with each BaselBit4(#BB4) coin tied to ½ ounce of 99% pure gold value. Investors can effectively buy and transfer the smallest fractions of (#BB4) directly, anywhere at any time, using gold value or as fractional coins into Silver value as an effective payment mechanism and credit system. 
With its secure data key card e-wallet, set to be compatible online or at any VISA or MasterCard location, BaselBit4(#BB4) combines the loyalty rewards incentives of the major credit card platforms with the stable backing of precious metals. 
The fee generated by each BaselBit transaction is reinvested to buy more gold to back more currency as the platform grows. Non-depleting precious metal assets are provided by Queen Basel to Delaware-based Global Clear Digital Investment Bank & Trust. – Digital Journal

Bitcoin may or may not be in a mania, but many of the investors buying it certainly are

While talk about whether Bitcoin is in a bubble or asset mania is certainly up for debate, with extremely good points for and against this coming on both sides.  However one thing is definitely for certain, and that is that many investors buying cryptocurrencies are themselves caught up in a mania.


Bitcoin, which skyrocketed above $19,000 in value last week, is in a “mania” phase, according to securities regulator Joseph Borg who said some people are even borrowing money to get in on the action. 
“We've seen mortgages being taken out to buy bitcoin… People do credit cards, equity lines," he told CNBC. 
The president of the North American Securities Administrators Association (the oldest investor protection organization in the world), Borg said: “This is not something a guy who's making $100,000 a year, who's got a mortgage and two kids in college, ought to be invested in.” Russia Today
The most famous story of this type of mania comes from the Netherlands where a Dutch family sold everything... from their house to their shoes to put it all in Bitcoin.
Didi Taihuttu, his wife, three kids and their cat bet all they have on bitcoin. The Dutch family of five is in the process of selling pretty much everything they own — from their 2,500-square-foot house, to their shoes – and trading it in for the popular cryptocurrency. They have moved to a campsite in the Netherlands, where they're waiting for bitcoin to really take off. 
It's only been a few months, but the 39-year-old father of three says he doesn't regret a thing. "We were just like – sell it, sell it, what can we lose? Yeah, we can lose all the material stuff. Yeah, we can lose all our money. Yeah, we don't have three cars anymore. We don't have the motorcycle anymore. But in the end, I think we, as a family, will still be happy and just enjoying life." -
CNBC 

Monday, December 11, 2017

The Daily Economist update for Dec. 11 2017 - U.S. Finance and Economics Report


Move over Venezuela and their Petro Coin as former head of the CFTC announces establishment of OilCoin

As we know from last week, Venezuela's President Nicholas Maduro announced the creation of the Petro, which is a cryptocurrency to be backed by the oil reserves of the country.  However it appears that they are not the only Petro-crypto now on the block as on Dec. 11, a project involving the former head of the CFTC announced their own oil-backed cryptocurrency was ready for implemenation known as the OilCoin.

OilCoin, a project led by a team including Commissioner Bart Chilton of the U.S. Commodity Futures Trading Commission (2007-2014), is pleased to announce today the creation of the first legally-compliant digital currency based upon a physical asset. OilCoin will tokenize barrels of oil held in reserve with each token representing the value of one barrel. OilCoin's asset support will provide global users of digital currency with a meaningful safe haven from cryptocurrency volatility. OilCoin's public token sale (otherwise known as an ICO) is scheduled to begin in early 2018. – Business Insider

It's that time again for new year's forecasts and one major bank is predicting Bitcoin price falling back to $1000

Perhaps the biggest institution that compiles new year predictions would have to be the Coast to Coast radio program, which every year dedicates two complete days towards collecting hundreds of predictions from both listeners and recognized 'experts'.  But when it comes to finance and the economy there are only a few analysts that deem it prudent to dip their toes in the paranormal waters by forecasting trends which may or may not come to fruition in the financial and geo-political realms.

One of these institutions is that of Saxo Bank, which is often known for their wild speculations on future events, but came in 100% accurate in predicting the UK's Brexit two years in advance.

So with this in mind, what does Saxo Bank have in store for 2018?  Perhaps most interestingly or outrageous is their forecast for the Bitcoin price to drop back down to its January 2017 levels of $1000.

1) Bitcoin collapses to $1,000 
I thought this one was interesting, first and foremost, because Saxo hit the proverbial nail on the head last year in its “Outrageous Predictions for 2017,” in which they said
“we could see Bitcoin easily triple over the next year going from the current $700 level to +$2,100.” 
Well, they were almost right. Bitcoin not only reached $2,100, but ripped past four figures entirely and is now hovering around $14,000 as I write this. 
Saxo now predicts that, in 2018, Bitcoin will peak at $60,000 with a market capitalization of more than $1 trillion, after which a number of governments will engage in a coordinated attack to prohibit all cryptocurrencies. 
Simultaneously, governments launch their own blockchains and cryptocurrencies, and Bitcoin crashes to $1,000. 
2) The Federal Reserve loses control 
Saxo predicts that the US economy begins to suffer in 2018, and the bond market begins to melt down. This results in a massive spike in interest rates, which the US government cannot afford. 
Fearing for its own solvency, the Treasury Department assumes emergency powers to cap interest rates at 2.5% 
Meanwhile, “[t]he hapless Fed will be scapegoated by politicians for the economy’s weak performance, a bond market in vicious turmoil, and the aggravation of already worsening inequality brought on by years of post-global financial crisis quantitative easing.” 
3) China launches its own “petro-renminbi” 
You may have noticed that oil prices, almost everywhere in the world, are quoted in US dollars. 
Whether you’re talking about a barrel of oil drilled off the coast of Brazil, Saudi Arabia, Canada, or Norway, the price is nearly invariably quoted in US dollars. 
This means that anyone who buys and sells oil– from foreign governments to multinational corporations– transacts in US dollars. - Saxo Bank

Sunday, December 10, 2017

Former U.S. administration Asst. Secretary believes that Bitcoin is a speculative investment as well as a government experiment

In the early Sunday release on USA Watchdog, former Asst. Secretary of Housing and Urban Development, one Catherine Austin Fitts, provided her opinion on Bitcoin and other cryptocurrencies in light of their meteoric rise and volatile nature within financial markets.  And on the eve of the CME Group beginning a new paper futures contract for Bitcoin which will be settled in U.S. dollars, the former Department official believes that Bitcoin is purely a speculative investment, and that in fact it has the earmarks of being a government experiment in the realm of digital currency.


Greg Hunter: And that brings us to Control 101.  Ruled by an invisible government (Solari Report)... tell me how we are ruled by an invisible government. 
Catherine Austin Fitts:  So I did a really serious due diligence on Bitcoin and cryptocurrencies this year, and it produced a wonderful Solari Report which I recommend called Bitcoin The Op.  People are arguing whether it is a bubble or not, my attitude is look, it's an Op, and a big one. 
GH:  Explain that to people... it's an Op, a psy-op by the government? 
CAF:  If you look at the deep state we're basically talking about a group of people who can manipulate the Bond markets, the stock markets, the derivative markets, and the currency markets which are huge trillion dollar markets.  And the cryptocurrency market is tiny, with ownership very consolidated and concentrated.  So if there's any market in the world that is easy to manipulate it's cryptocurrencies. 
Here's the reality.  If I'm Mr. Global... and I want a digital currency, and I want to be able to do it economically on scale in a very big way, that means a lot of technology needs to get worked out, and the train tracks and payment systems have to get worked out, and it's very complicated and very hard. 
It's much cheaper to run the price of cryptocurrencies and of Bitcoin up to get every software developer in the world figuring out how to do that, as opposed to hiring them all and paying them to do it. 
You're going to get there much faster.
Before this interview we have already discovered White Paper documents from the NSA calling for the creation of a Blockchain type technology to run an encrypted digital currency system 12 years before the (still) anonymous Satoshi Nakamoto published his White Paper on the eve of the 2008 financial crisis.

For the entire interview you can watch the podcast below, with conversations regarding Bitcoin and cryptocurrencies beginning at 27:12.

While neither a gold standard or a Bitcoin standard could replace the dollar alone, could a combination of the two be a possible antidote?

Most economic analysts agree that a return to the gold standard is not really feasible anymore because the greed and wickedness of both governments and men would make it as untenable as in prior eras.  And in this we are talking about historical periods where gold was eventually 'clipped' into worthlessness, or where government officials were unwilling and unable to live within the means of a budget.

However there is a growing trend towards the creation of a dual-currency system, where one is used domestically while the other is used for international trade.  And while it is also believed that a singular cryptocurrency like Bitcoin would not be sustainable for taking over in commerce due to its extremely volatile nature, discussions are beginning to brew about melding the two assets into one and forging ahead with a gold backed Bitcoin type of cryptocurrency.

Amid declining public and market participant trust in central bank monetary policies and governmental meddling with the economy, the Bitcoin gold system could replace the agonizing remains of Bretton Woods. 
Gold – the ultimate safe-haven asset – is already being priced in Bitcoin. The largest cryptocurrency has posted a stunning rise in value this year, from around $1,000 per coin to above $15,000. Now, Bitcoin’s accession to conventional financial markets might require some solid asset backing, as wild swings in Bitcoin’s value still fend off some investors. 
Here’s when the gold-against-Bitcoin trade steps in. 
In many ways, gold and Bitcoin are similar types of assets. Bitcoin’s value draws its main support from its limited supply, as it requires an enormous computer processing capacity to create new coins. The global supply of gold is rather tight as well, as gold mining is very labor and investment intensive. 
“The marriage of cryptocurrencies and gold enables alternative choices to holding more than fiat currency,” analysts of the Hutch Report wrote. 
“Although we can't imagine fiat currencies to be replaced overnight, the promises of gold backed cryptos do look compelling moving into the future and they are certainly important to follow.” – Sputnik News
Ironically a combination of the two are already being discussed between the BRICS nations as they prepare for both a new bi-lateral gold trade platform and a new Yuan denominated oil contract.  Additionally, both Russia and China are already in the process of creating cryptocurrency versions of the Yuan and Ruble, which means that melding them with gold one day soon may already be on the table.

Oil producing countries could follow in Venezuela's footsteps and use cryptocurrencies in trade to negate the Petrodollar

While the world mulls over whether President Nicholas Maduro's new scheme of creating an oil backed cryptocurrency is a viable attempt to attack the Petrodollar, or just a short-term play to remain in power as the nation flounders under hyperinflation, the potential of moving the global oil trade to a cryptocurrency platform is becoming more and more a serious discussion among oil producing nations.

The gradual acceptance of digital currencies, with major exchanges about to launch bitcoin futures trading, may prompt some oil producing nations to ditch the US dollar in crude trade in favor of cryptocurrencies, an oil analyst says. 
Russia, Iran and Venezuela have more than one thing in common. All three are major oil producing nations dependent on the dollar since the global crude market is traditionally dominated by contracts denominated in US currency.   
Moscow, Tehran and Caracas are also facing US sanctions; penalties which are proving effective since the sanctioned countries are dependent on the US dollar to sell their crude. 
A decentralized currency – allowing anonymous transactions along with blockchain technology support to facilitate oil contracts – may be the ideal tool to allow the oil producing trio to turn their back on the greenback. 
“The advent of cryptocurrencies, therefore, represents a fresh catalyst for commodity-producing countries wishing to abandon the dollar as a means of payment for oil,” said Stephen Brennock, oil analyst at PVM Oil Associates, in a research note seen by CNBC. 
Several oil producers have already voiced plans to ditch the dollar in oil trading. Last week, Venezuela announced it will launch its own cryptocurrency, the “Petro,” which will be backed by the country’s vast natural resource reserves. – Russia Today

Saturday, December 9, 2017

BRICS planned alternative gold market could mean severe consequences for not only Western control over gold, but also the dollar

Many people forget that the original dollar reserve currency agreement in 1946 was based on a gold standard.  And it was only through the corruption of the U.S. government, as well as the desires of central banks to remove the metal from backing global currencies, that we reside in the debt fueled financial monstrosity we have today.

But through a combination of technological as well as geopolitical changes taking place over the past decade, there is a clarion call occurring that is seeking a way to return to the gold standard in some form or fashion.  And it may be coming from the coalition known as the BRICS, who's planned gold trade platform could not only mean severe consequences to the West's stranglehold over the gold markets, but could also put a dagger into the heart of the reserve currency itself.

The BRICS counties are considering starting an internal gold trading platform, according to Russian officials. When this happens, the global economy will be significantly reshaped, and the West will lose its dominance, predicts a precious metals expert. 
In 2016, 24,338 tons of physical gold were traded, which was 43 percent more than in 2015, according to Claudio Grass, of Precious Metal Advisory Switzerland. 
Gold moving from the West to the East 
“We have to put the BRICS initiative into a broader context. It is just part of a geopolitical tectonic shift which started decades ago. We have seen a constant outflow of physical gold from the West to the East. At the same time, the West has lost the economic war, and as a consequence, the focus now turns to the financial system. China dominates the world economy and has displaced the US as the world’s most formidable economic powerhouse,” he told RT. 
The creation of a new gold standard by BRICS is also a step to end the US dollar’s domination of the global economy 
“As Bejing and Moscow understand that America used the dollar to control the world, by implementing a new kind of ‘Gold standard 2.0’ they want to distance themselves from this control. Furthermore, the vast majority of the people in Asia sees gold as superior, or ‘real’ money, something the West has forgotten, because of all the paper wealth (credit) they have accumulated,” said Grass. 
The expert notes the BRICS countries account for 40 percent of the world’s population and around 23 percent of the world’s domestic product. 
"In combination with the announcement of pricing oil in yuan, using a gold-backed futures contract in Shanghai, the establishment of the Asian Infrastructure Investment Bank and the New Development Bank, China is setting up an alternative to the post-Bretton Woods establishment. This is certainly a game changer,” said Grass. – Russia Today