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, November 19, 2017

While fundamentals no longer matter in the stock markets, they forecast incredible moves coming for gold and gold prices

When it comes to the much overvalued stock markets, fundamentals and technicals no longer matter because of the Federal Reserve and their programs to prop up equities at all costs.  And this means of course that the moment the central bank decides to remove its foot off the gas of intervention, stocks will plummet faster than the record time it took for the Dow to move from 22000 to 23000.

However, and despite the fact that the gold markets are the most manipulated assets in financial system, the fundamentals for gold and for higher gold prices have rarely been better,  And these fundamentals are marked by continuing demand from the East, validated physical shortages, and the decline in the ability for the bullion banks to be able to hammer down the price the same way they did just a year ago.

The physical fundamentals are stronger than ever for gold. Russia and China continue to be huge buyers. China bans export of its 450 tons per year of physical production.
Gold refiners are working around the clock and cannot meet demand. Gold refiners are also having difficulty finding gold to refine as mining output, official bullion sales and scrap inflows all remain weak. 
Private bullion continues to migrate from bank vaults at UBS and Credit Suisse into nonbank vaults at Brinks and Loomis, thus reducing the floating supply available for bank unallocated gold sales. 
In other words, the physical supply situation has been tight as a drum. 
The problem, of course, is unlimited selling in “paper” gold markets such as the Comex gold futures and similar instruments. 
One of the flash crashes this year was precipitated by the instantaneous sale of gold futures contracts equal in underlying amount to 60 tons of physical gold. The largest bullion banks in the world could not source 60 tons of physical gold if they had months to do it. 
There’s just not that much gold available. But in the paper gold market, there’s no limit on size, so anything goes. 
There’s no sense complaining about this situation. It is what it is, and it won’t be broken up anytime soon. The main source of comfort is knowing that fundamentals always win in the long run even if there are temporary reversals. What you need to do is be patient, stay the course and buy strategically when the drawdowns emerge. – Daily Reckoning

South Korean company is ready to integrate Bitcoin into their global network of ATM machines

The ability to buy and sell Bitcoin in the United States, as well as worldwide, is about to get easier as one of the world's largest ATM manufacturers is expanding their network globally to integrate Bitcoin into their systems.

Hyosung, which builds ATM's for banks and institutions around the world, has allowed for the buying and selling of Bitcoin locally in their home market of South Korea since 2014.  However beginning today, the company who also has its primary headquarters located in the state of Texas is enlarging their cryptocurrency program for both the U.S. and other foreign destinations.

South Korea’s Hyosung, one of the largest ATM manufacturers in Asia, which also has its headquarters in Texas, has officially integrated Bitcoin into its international ATM models
Since 2014 Hyosung has collaborated with leading Bitcoin service providers within the South Korean cryptocurrency industry such as the Tim Draper-backed Coinplug. For over three years Hyosung has enabled South Korean ATM users to buy and sell Bitcoin through tens of thousands of Hyosung ATMs, located at nearly every convenience store and subway station. 
Through the Coinplug mobile app, Hyosung has allowed South Korean users to easily withdraw and deposit cash to sell or obtain Bitcoin, increasing the liquidity of Bitcoin for general consumers in the region. – Coin Telegraph
Hyosung is obviously not the first company to install ATM devices that allow for the buying and selling of Bitcoin, however because of their footprint, millions more people will now have the opportunity to bypass online exchanges and trade in the cryptocurrency sphere as they see fit. 

Independent journalists team up together to create a cryptocurrency to take on big media and fake news

One of the hardest things for the alternative media to deal with is the extraordinary amount of monetary and political capital that the mainstream media has in the fight to report truthfully on the news.  Ie... over 90% of the mainstream media is controlled by just six major corporations and internet sites such as Youtube and Facebook have given in to political pressures to de-monetize truth in any articles or videos that could threaten the established hierarchy.

Additionally, the Federal government has also gotten into the act of attempting to silence alternative media by voting to label non-controlled media outlets as 'foreign agents'.

So in response to this, there are now two movements in place to use cryptocurrencies as the means to acquire capital which would allow independent and alternative media journalists the ability to continue their fight against big media and their fake news and propaganda.

The new virtual currency, named PressCoin, is aimed at empowering independent journalists with new tools to stand against fake news, as well as improving their objectiveness and financial independence. PressCoin is reportedly expected to wean journalism off the advertising revenue model, upending corporate media monopolies with collaborative content. 
“Today journalists are bound to the vested interests of publishers. More and more publishers are chasing advertising dollars. To get views, they defer to social media platforms. And so does their content. This not only compromises the integrity of quality, independent journalism, it also pushes money onto social media platforms,” says Amit Rathore, PressCoin’s President, as quoted by Payment Week, a New York-based magazine covering mobile payments. 
A 28-day initial coin offering (ICO) is scheduled on November 22, with an initial price of one PressCoin set at one US dollar. The cryptocurrency is registered in the UK and will be operated as a public limited company after the ICO is completed. The creators are planning to publicly release 100,000,000 units to investors during the offering. – Russia Today
In addition to PressCoin, Steve St. Angelo over at SRSRocco has created their own alternative media network called the Commodity Ad Network which is also funded by cryptocurrencies through an ICO, and is expected to go live by the beginning of next year.

Saturday, November 18, 2017

The Daily Economist update for Nov. 18 2017 - Gold, Bitcoin, and Cryptocurrency Report

Friday, November 17, 2017

Is the dollar becoming de-centralized through a new cryptocurrency that allows for 1:1 exchange?

A blockchain based company called Coinfix has revealed a dollar denominated cryptocurrency that allows for both local settlement and cross-border payments using a 1:1 exchange rate between the crypto and the USD.

Known as the USC cryptocurrency, this project was forged in the attempt to aid millions of users in being able to use the dollar as a medium of exchange on the Blockchain and in a digitally encrypted form.

Recently, blockchain company Coinfix revealed its US dollar backed digital currency called USC, based on smart contract issuance. Unlike Bitcoin, Ethereum and other cryptocurrencies, it has a 1:1 exchange for the dollar. 
Coinfix is a project aimed at creating stable digital assets. It is based on the blockchain network of Achain, and is dedicated to helping global users solve the problem of convenient circulation of valuable assets. 
"USC and other stable digital currencies enable faster, easier and cheaper cross-border transfers," said Kevin Yu, founder and CEO of USC. Based on the distribution experience of USC, Coinfix will consider issuing more digital currencies with a 1:1 exchange for legal tenders. The vision of Coinfix is to achieve free and convenient circulation of assets. 
The problems of USDT and USC's strategic decentralization mechanism 
USC uses Hong Kong's Linked Exchange Rate System as a reference and uses legal tender-U.S. dollar as a reserve. USC is issued in strict accordance with the amount of USD held in reserve on the blockchain network of Achain. USC holders can convert back to US dollars for the same rate. When USC is redeemed, the recovered currency is destroyed to keep the 1:1 ratio with reserves. 
To ensure a digital currency has sufficient reserve, Kevin Yu, founder of USC, said that decentralization issuance mechanism is the key to ensure a currency is backed by accountability. USC is based on smart contract and it has three strategies to avoid the risk of over-issue. 
First, USC uses decentralized issuance mechanism through smart contract. The USC issuance center does not have the right to directly issue new USC and every USC is issued only after obtaining approval from more than 50% of USCexamining and approving clerks. 
Second, USC account application and audit are also being modified through blockchain voting, to maximize the transparency and decentralization of blockchain, to prevent any risks of mischief. 
Third, bank accounts of USC are audited by independent accounting firms. If it does not meet auditing standards, new USC cannot be issued. Accountability is thus bolstered by transparency. – PR Newswire

The Daily Economist update for Nov. 17 2017 - Geopolitical Report

Geopolitical events in Venezuela and Zimbabwe are helping gold price to test its 100 day moving average of $1290

With the ISDA issuing a statement that the Venezuelan bond default was enough to trigger a credit event that may soon have serious implications for the derivatives tied to those bonds, gold has moved up more than $15 today to test its 100 day moving average resistance level of $1290.

In addition to what is going on in Venezuela, we are also seeing events take place in Zimbabwe where the decades long reign of President Mugabe may be coming to an end as the African nation's economy roils through its second hyperinflationary event in a decade.

If the gold price can break through $1300 and sustain this level leading into Thanksgiving and the upcoming holiday shopping season, then chances are very good that price will become the new support level, and even consolidate should economic data lead the Fed to decide not to raise interest rates at their upcoming December FOMC meeting.

Thursday, November 16, 2017

The Daily Economist update for Nov. 16 2017 - U.S. Finance and Economics Report

Eventually the paper gold price manipulation will have to end as miners and refiners are reporting shortages throughout industry

By now we have seen the evidence going back to the 1970's of the U.S. creating and then using the paper futures market as the mechanism in which to control gold prices.  But as the reserve currency itself begins to see cracks due to economies such as Russia, China, and now even Saudi Arabia ready to end the Petrodollar system, any paper security denominated in dollars has the potential to collapse if he world no longer wants to trade in the U.S. currency.

So with this geopolitical gambit well underway, we can also look at a secondary issue occurring in the gold industry that will one day soon validate the real price and value of gold, both in financial systems and as a monetary commodity,  And this issue is tied to the growing shortages taking place with the metal itself.

I travel constantly, and I was in Shanghai meeting with the largest gold dealers in China. I was also in Switzerland not too long ago, meeting with gold refiners and gold dealers. 
I’ve heard the same stories from Switzerland to Shanghai and everywhere in between, that there are physical gold shortages popping up, and that refiners are having trouble sourcing gold. Refiners have waiting lists of buyers, and they can’t find the gold they need to maintain their refining operations. 
And new gold discoveries are few and far between, so demand is outstripping supply. That’s why some of the opportunities we’ve uncovered in gold miners are so attractive right now. One good find can make investors fortunes. 
My point is that physical shortages have become an issue. That is an important driver of gold prices. - The Daily Reckoning
This issue with real supply for physical gold can also be the driver we are seeing right now in the gold markets that are helping to keep prices rising despite the fact that demand is down 8% for the year, and the bullion banks are still flash crashing the market through the dumping of naked short contracts on a weekly basis.

Wednesday, November 15, 2017

The Daily Economist update for Nov. 15 2017 - Gold and Cryptocurrency Report