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?

Sunday, March 26, 2017

Gold and silver climb on Sunday open as dollar within 70 bps of critical 200 day moving average

As markets opened for Asian trading on Sunday evening in the Western time zones, the dollar continued its slide downward following the House's failure to bring about a healthcare vote to the floor.  And with gold moving up nearly $10 in the first couple hours of global trading, it may only be a matter of days or even hours before the dollar falls below, and gold crosses above, their 200 day moving averages.

On Friday the dollar index showed a close for the USD of 99.77, and had already dropped below its 50 and 100 day moving averages earlier in the week.  And with Congress appearing to be in a stalemate following the healthcare vote debacle, the markets are not trusting in the legislature to be able to deal with upcoming debt ceiling discussion that is currently ticking down for the government.


Gold and silver on the other hand are both becoming beneficiaries of the dollars free fall, and the Fed's inability to deal with economies ongoing stagflation.


Bitcoin may not have a 'central bank', but it does have small groups seeking control over monetary policies

In the ongoing battle between two groups over control of the future of Bitcoin, a more important question needs to be raised regarding the true 'decentralization' of the crypto-currency.  And that is, if a small oligarchy of individuals (programmers) have control over the blockchain platform that runs Bitcoin, then does this same group have the power any time they see fit to institute monetary policies similar to the way the Federal Reserve does for the dollar?

Right now there are two opposing factions fighting over what is being termed as the 'Bitcoin Fork', and each have differing agendas for the future of Bitcoin.  One of the groups is known as Segregated Witness (Segwit), and is interested primarily in expanding the blocks that facilitate Bitcoin transactions and casually speeding up network functionality.  And while this group seeks dominion over the process, another group that calls themselves Bitcoin Unlimited has a much more aggressive agenda as they want to perform a complete overhaul of the current Bitcoin network.

And because of this inability to come to a consensus between the two factions, Bitcoin has the real possibility of splitting into two unique crypto-currencies running under the same umbrella.


But for holders and users of Bitcoin, just the fact that a small group of programmers can have control over the technology and institute changes as they see fit should bring about a note of caution since this means that anything, including the number of total coins mined, could be changed dependent upon the desires of the winning faction.  And in the end the ability to determine 'monetary policy' for Bitcoin means that there is a centralized body that has the power to dictate the direction and future of the crypto-currency.

Right now Bitcoin also acts as a corporation of sorts, with Bitcoin miners acting as a 'Board of Directors' and able to participate in voting for and against future policies.
Vogel explains that the ability to vote for changes to Bitcoin is essentially proportional to the computing power that each miner contributes to the Bitcoin network. This explains the fact that Bitcoin is based on Proof of Work (PoW). Vogel also notes that there is no preset voting period, so miners can vote for changes to Bitcoin at any time. In theory, this is a very elegant and unique way of handling the evolution of Bitcoin, although it does mean that the interests of miners guide the direction of Bitcoin. 
This explains why statements credited to top miners within the industry regarding Bitcoin scaling usually have a significant impact on both Bitcoin price and its general behavior. - Coin Telegraph
In the end, Bitcoin is not as decentralized as many believe, with decisions able to be made by the most powerful 'miners', and carried out by programmers who are not always in consensus on how the future of Bitcoin is to be determined.  And this also means that if either of these factions are one day co-opted by a government, a Wall Street entity, or some other group that doesn't believe in the ideals laid forth by Satoshi in the creation of the crypto-currency, then Bitcoin can very easily lose its fundamental benefits and morph into just another fiat currency no different than the dollar, the euro, or the yen.

Saturday, March 25, 2017

First the stick and now the carrot as India to offer rewards for citizens who get rid of cash for digital payments

Back in November of last year India's Prime Minister shocked his 1.3 billion citizens by suddenly declaring the two largest denominations of the Rupee to no longer be valid legal tender.  This in turn caused a massive rush from the people to exchange their currency for hard assets such as gold and jewelry rather than to simply fall in line by turning in their money to their nearest banks.

And while some Indians have accepted the Modi plan of creating a new cashless society, many still are fighting to sustain their long tradition of transacting in physical cash.

So while the past few months have seen the government not only confiscate cash, but also invade private residences of those who might be harboring banned currency, one Chief Minister is now shifting gears by offering rewards to citizens who eagerly move towards digital finance, as he seeks make the city of Gao the world's first completely cashless municipality.

Image result for india cashless society
Porvorim: Chief minister Manohar Parrikar, while presenting the annual state budget on Friday, announced that his government intended to carry on with the on-going nation-wide drive to make the economy as much cashless as possible. 
"The government will encourage digital payments and make it financially rewarding. I propose to formulate an appropriate policy in order to discourage cash transactions," Parrikar said, adding that the government would be strengthening the state's IT infrastructure to permeate high-speed broadband connectivity to every corner of Goa in the next two years. 
Following the decision to demonetize Rs 500 and Rs 1,000 notes, the then defence minister had envisaged Goa as the first state in India to become a cashless society. He had set a deadline of December 31, 2017, to achieve the target. 
"Goa will be the first to become a cashless society in India. We have to support the Prime Minister's dream," Parrikar had said in November, adding that one can do anything once he/she has registered her/his mobile number with a bank under the central government unified payment interference. - India Times

Friday, March 24, 2017

Legislator in India's ruling party asks finance ministry to investigate whether Bitcoin is a Ponzi Scheme

In the land that doesn't really appear to care at all about the wants, desires, and needs of their people when it comes to money, on March 24 a member of India's ruling political party sent a request to the Minister of Finance to investigate whether Bitcoin is a ponzi scheme in the wake of its volatile price nature, and the potential rise of its by citizens within their economy.

Image result for government control bitcoin
Kirit Somaiya, a Member of Parliament of the ruling BJP in India, has raised concerns about Bitcoin being a Ponzi scheme. The rapid rise of Bitcoin has attracted attention in India, coming as it does during the government’s experiment with demonetization
Dr. Somaiya has written to the Finance Ministry, the Reserve Bank of India and the SEBI (Securities and Exchange Board of India) on the increasing use of an unregulated currency in India. The finance minister is expected to officially reply shortly.
Speaking in the Parliament, Kirit Somaiya said: 
“The use of Bitcoin, a hypothetical currency, is increasing at a rapid speed in India as well as in the world. Experts have expressed concern that Bitcoin is a pyramid Ponzi-type scheme. This issue should be taken very seriously and there is urgent need to have a study on the development of Bitcoin in India. There is no regulator. As it is functioning like currency and seems like Ponzi scheme, RBI and SEBI as well as Finance Ministry to take appropriate step to save the people from another big Ponzi fraud.” - Coin Telegraph
India has embarked over the past few months on a policy towards creating a cashless society, and banning the use of cash in many transactions.  And the advent of a decentralized currency like Bitcoin is an anathema to Prime Minister Modi's agenda to try to control every aspect of the nation's spending through the implementation of a digital monetary system.

Thursday, March 23, 2017

Russia now prepared for both dollar collapse and future sanctions by announcing alternative SWIFT system

Over the 70+ years the U.S. has had control over the global monetary system, they have used the dollar on occasion as an 'economic weapon' to force other countries into ceding to their national and international policies.  And of course their most common way they do this is by cutting off nations from access to the SWIFT system.

But in the wake of the economic sanctions Washington and the European Union imposed on Russia following the Ukrainian coup, China, and now we can add Russia to this group, have used their time in creating their own SWIFT alternatives, and on March 23 the central bank of Russia announced they are fully prepared for any overt or covert monetary crisis which may include a dollar collapse, or future sanctions that might be used to attack the ruble.

Image result for russia and china against the us
If the Society for Worldwide Interbank Financial Telecommunication (SWIFT) is shut down in Russia, the country’s banking system will not crash, according to Central Bank Governor Elvira Nabiullina. Russia has a substitute. 
"There were threats that we can be disconnected from SWIFT. We have finished working on our own payment system, and if something happens, all operations in SWIFT format will work inside the country. We have created an alternative," Nabiullina said at a meeting with President Vladimir Putin on Wednesday. 
She also added that 90 percent of ATMs in Russia are ready to accept the Mir payment system, a domestic version of Visa and MasterCard. 
Izvestia daily reported that as of January 2016, 330 Russian banks had been connected to the SWIFT alternative, the system for transfer of financial messages (SPFS). 
In 2014 and 2015, when the crisis in relations between Russia and the West were at their peak over Crimea and eastern Ukraine, some Western politicians urged disconnecting Russia from SWIFT. - Russia Today

Wednesday, March 22, 2017

Bitcoin goes Wall Street as an exchange brings margin trading into crypto-currency investing

Despite the recent no-go for a Bitcoin ETF on Wall Street, the financialization of the crypto-currency continues as Coinbase, a popular Bitcoin exchange, is now introducing margin trading for investors of the digital money.

GDAX, the cryptocurrency exchange run by Coinbase, has added margin trading to the platform. 
Eligible traders can now trade up to 3X leveraged orders on Bitcoin, Ethereum and Litecoin order books. 
If you’re unfamiliar with trading and exchanges, margin trading is when you borrow money from your broker to buy or sell more stock than you can afford. It’s essentially a short-term loan. By buying or selling on margin, traders can increase their leverage and buying power, potentially generating profits beyond what their own cash balance would have supported. 
This feature is mainly geared toward institutional investors. That’s because Coinbase has launched the feature attempting to fit within the boundaries of the Commodity Exchange Act. - Tech Crunch
In just the past week sovereign controls by both the Chinese and U.S. governments have wiped out one of Bitcoin's primary functions as privacy is no longer applicable for those who buy or sell Bitcoin in many exchanges.  And now with this new derivative trading scheme available from another exchange, the crypto-currency may soon become extremely leveraged beyond its mined production limit of 16 million Bitcoins.

This has always been the biggest fear for Bitcoin purists... that a government or financial market would co-opt digital currencies and make their underlying potential null and void as a 'decentralized form of money'.  And it has always been the actions of third party conduits, such as with crypto-currency exchanges, that have placed digital forms of money like Bitcoin in jeopardy of simply becoming another leveraged asset that Wall Street can profit off of to the detriment of the holders.

Silver mint sales skyrocket this week as gold to silver ratio remains at 70/1

There has been much discussion over the past 30-45 days of the decline in the purchasing of gold and silver bullion from the U.S. Mint.  And there are many factors that could be driving this decline in demand which include institutions going full bore into stocks (as we saw with the Dow going from 20,000 to 21,000 in record time), and also the fact that retail consumers are desperately out of money to buy non-necessity items.

But something interesting happened on Monday which may be showing that the past month's declines in silver buying was perhaps just a blip on the radar as reported sales on Monday, March 21 were alone more than three times the total amount of Mint silver sales from the previous week.

Image result for silver better investment than gold
Silver at just $17.50 per ounce remains about 1/ 70th of the price of gold at $1,230/oz today. This gold silver ratio of 70.3 continues to drive silver ‘stackers,’ value investors and those seeking a better return than gold to accumulate silver at what are seen at these still relatively cheap levels. 
This is seen in continuing robust demand for the very popular silver bullion coin this week. The U.S. Mint sold 715,000 of Silver Eagles ( 1 oz) this week, to bring the year to date sales totals for 2017 to a robust – 7,557,500 Silver Eagle coins. 
We have seen very robust demand for silver again this year, especially from clients in the UK and Ireland buying silver bullion coins (now VAT free) such as Silver Eagles. We are seeing even greater demand for Silver Maples and Silver Philharmonics. - Silverseek
US Mint Bullion Coin Sales (Number of coins)
Monday SalesLast WeekFeb SalesMar Sales2017 Sales
Silver Eagles
(1 oz)
715,000220,0001,215,0001,215,0007,557,500
Gold Eagles
(1 oz)
4,0002,50021,00010,000117,500
Gold Buffalos
(1 oz)
1,5002,50015,0004,50051,500

China's Silk Road project moves to cyberspace as official Belt and Road web portal goes online

Over the past few years China has been investing hundreds of billions of dollars (RMB equivalents), and working diligently towards resurrecting the ancient 'Silk Road' that was one of the greatest innovations in history for trade and commerce.  And as economic power continues to shift from West to East here in the early stages of the 21st century, China is using their Belt and Road initiative to connect the two by both land and sea.

Yet on March 22 we can now add a third conduit to the modern day Silk Road as China announced that they have officially opened their Silk Road website, and it will act as a portal to the world for investors, commerce, and up to the minute information.

Image result for china silk road project
The official website of the Belt and Road Initiative (www.yidaiyilu.gov.cn) was launched Tuesday, offering information on investment policies and enterprises involved in the initiative, among other topics. 
The website, called the "Belt and Road Portal," also has an English version and is operated by the State Information Center.
The website aims to offer information in other languages such as Russian, French, Arabic and Spanish within this year, according to a statement on the website. 
The initiative, proposed by China in 2013, aims to build a trade and infrastructure network connecting Asia with Europe and Africa along the ancient Silk Road trade routes. - China Daily

Congresswoman Tulsi Gabbard submits bill to decriminalize pot and remove it from the Fed's drug schedule

On March 21, Democratic Congresswoman Tulsi Gabbard submitted a bi-partisan bill to Congress calling for the decriminalization of marijuana, and having it removed from the Federal government's drug list as a schedule 1 substance.

Titled HR1227, the Ending Federal Marijuana Prohibition Act, this bill is also being co-sponsored by Republican Congressman Tom Garrett from Virginia.

Image result for pot benefits
Hawaii Congresswoman Tulsi Gabbard has urged Congress to federally decriminalize marijuana Tuesday, introducing a bipartisan act to to remove the drug from the federal controlled substances list. 
“FBI reports have shown that in 2011 alone, an individual in the United States was arrested for marijuana use, sale or possession every 42 seconds,” Gabbard said in a statement. 
The congresswoman introduced the Ending Federal Marijuana Prohibition Act (HR. 1227) with Republican Virginia Rep. Tom Garrett, calling on Congress to update its “outdated drug policies”. 
The pair called on Congress to take into account the growing body of evidence that suggests the medicinal benefits of marijuana, from the treatment of epileptic seizures to reducing anxiety and “even halting the growth of cancer cells.” 
The FDA currently classifies marijuana as a Schedule 1 classification, along with MDMA and heroin. - Russia Today
The demonization of marijuana goes back nearly 100 years to around the time of alcohol prohibition and the aftermath of the 1910 Mexican Revolution where streams of Mexican immigrants came into the United States bringing with them their cultural use of cannabis.  And like the demonization of Opium decades before when it was brought to the U.S. by Chinese immigrants during the construction of the railroads, the basis for pot's prohibition was primarily racial, and later political when psuedo-scientists and quack physicians paid by the government began PR campaigns to falsely equate the drug with crime, rape, and the actions of undesired immigrants.

Tuesday, March 21, 2017

As European countries rush headlong towards the cashless society, the Swiss still consider cash to be king

Like with most central bankers and politicians, their justifications for nearly any new monetary agenda is steeped in the foundation of imposing greater controls over people, and removing their freedoms to conduct commerce as they see fit.  And perhaps no greater example of this can be seen in the global movement to ban cash, and usher everyone into a completely digital society.

Several European countries like Sweden, Norway and Denmark are already well on their way towards the banning of physical cash, and many other EU nations have imposed capital controls disallowing the use of cash in large transactions.  And even the advent of crypto-currencies has helped spawn the idea of a cashless Africa, with nations like South Africa and Rawanda working hard towards forcing everyone onto a digital banking model.

But one country is remaining defiant in the wake of this global move to take away physical currency from the hands of the people, and that nation is the one who's history is steeped in banking, and the right of individuals to do with their money as they see fit.

Image result for cash is king no cashless society
When it comes to cash and its future, Swiss authorities seem to have a totally opposite view to that of their Indian counterparts -- for them cash is "more reliable" and enjoys a low opportunity cost. 
Among other benefits over cashless payments, cash provides "more effective budget control" and can be used without any technical know-how, while it also offers a comprehensive protection with regard to financial privacy, a top official of Swiss National bank (SNB) has said. 
Amid a debate on future of cash globally and the ambitious demonetisation move carried out by India, SNB's deputy head Fritz Zurbruegg said there remains a continuing robust demand for cash among general public and banknotes are like the country's 'calling cards' in case of Switzerland. - India Times
The truth of the matter is, the recent push for a cashless society has little to do with convenience, and more with the failed banks and central banks who have leveraged their monetary systems to the point of insolvency.  And they believe that their last chance at survival is to eliminate the one factor that keeps them from expanding money supplies even more through a digital system, and that is the anchor of physical cash and the fear that individuals could bankrupt them in a day if they called for a run on their institutions.

If politicians and establishment economists really wanted to 'stop' money laundering, and the funding of drug cartels or terrorism, then all they would need to do is shutdown or nationalize the banks themselves for they are the ones who are committing this avenue of crime.  But since the West has almost completely merged into a fascist state, where governments and corporations act as one in their own common interests, then that leaves the people who have done nothing wrong to become their scapegoats, and this means that their agenda is really dedicated towards taking away our money so that they can take their fraud and theft to even greater and higher levels.