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?

Saturday, October 21, 2017

Gold's short and medium term future could rest on how becomes appointed as the new Fed Chief

One of the most non-secret secrets in the financial sphere is how the Federal Reserve, along with the majority of other central banks, having a trading desk that allows them to dabble in stocks, futures, derivatives, and commodities whenever they choose to do so.  And when you add in their purchases of Mortgage Backed Securities (MBS) from the banks immediately after the 2008 financial crisis, then you realize that the central banks have manifested Thomas Jefferson's nightmare of being able to buy and own a lion's share of the assets of a nation.

And with money simply printed out of thin air.
"I believe that banking institutions are more dangerous to our liberties than standing armies,"  Jefferson wrote. " If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around(these banks) will deprive the people of all property until their children wake up homeless on the continent their fathers conquered." - Thomas Jefferson
This is why the upcoming decision by President Donald Trump on who will likely replace Janet Yellen in the seat of Chairman of the Federal Reserve is one of the biggest factors for how bonds, equities, and especially gold and silver, will perform in the coming months because today's markets are not run by fundamentals and technicals, but by interventions from the central bank.

A five-way race for the new Federal Reserve Chair has recently narrowed to two, with reports circulating that Fed governor Jerome Powell and Stanford University economist John Taylor are vying for the top economic position in the country. 
According to reports from the White House, President Donald Trump could announce his nominee early next week. He said that he would release his pick before he goes on a tour in Asia in early November. 
There has been a wide range of speculation on who will lead the central bank for the next four years. The contenders included current chairwoman Janet Yellen; the president’s chief economic adviser, Gary Cohn; and, Kevin Warsh, a former Fed governor and Morgan Stanley banker. 
The question is who would be the best for gold and according to some analysts, it could be Powell, who is seen as a moderate central banker and would likely continue the central bank’s gradual pace of interest rate hikes. 
To some analysts, Taylor is seen as a monetary policy hawk and would be the worst for gold investors as he could support a faster pace of rate hikes. 
Higher interest rates would be bullish for the U.S. dollar and push bond yields higher, which would be negative for gold, which is a non-yielding asset. - Kitco
Until things change, the premise remains the same... Investors can't fight the Fed.

Bitcoin tops $6100 and over a $100 billion market cap

On Oct. 21 Bitcoin hit another new all-time as it soared through the $6000 to currently rest just under $6200 per coin.  And this move also achieved another milestone with this singular cryptocurrency now holding a market cap of over $100 billion.

Bitcoin's total market capitalization (market cap) has surpassed $100 billion, making it worth more than many U.S. companies. 
At this level, Bitcoin is worth more than investment bank Goldman Sachs Group Inc. and household names like eBay Inc.
The digital currency reached this milestone shortly after breaking through $6,000 earlier today.  
After rising past this level, the cryptocurrency has returned more than 500% year-to-date (YTD). - Forbes

Friday, October 20, 2017

New CNBC survey has Bitcoin reaching $10,000 USD... only it appears to have happened already in Zimbabwe

On Oct. 20, CNBC published a new survey in which nearly half of the respondents agreed that the price of Bitcoin will reach $10,000 USD.  However in a interesting quirk of fate, it appears that reaching that price would come much faster than they could have imagined as a frenzy of buying today in the country of Zimbabwe has caused the cryptocurrency to reach the five figure milestone.

According to, bitcoin adoption in Zimbabwe is seemingly skyrocketing as the country’s economic situation looks bleak. So much so, that one bitcoin is trading at nearly $10,000 on the exchange, while the global average is, at press time, of $5,642.00
According to a local trader, bitcoin isn’t just being bought by individuals, but by businesses with bills to pay. The country adopted the U.S. dollar back in 2009 as its fiat currency, as the Zimbabwean dollar had lost nearly all its value. 
At press time, LocalBitcoins Zimbabwe has people buying bitcoin at the global average, and some buying the cryptocurrency for cash for well over $10,000 in the country’s capital. Bitcoin, as every bitcoiner would expect, is helping people in the country survive times of economic uncertainty, as Zimbabwe has been embroiled in a crisis for years. – Crypto Coin News
Meanwhile, here were the results from the CNBC survey.

Thursday, October 19, 2017

As governments begin to create sovereign cryptocurrencies, is the Fedcoin going to be the U.S.'s answer to Bitcoin?

Over the past 10 days, two of the largest financial and industrial economies in the world rolled out plans for a sovereign cryptocurrency that could one day soon bring back gold backed money... albeit in digital form.

Yet in addition to both Russia and China publicly revealing their soon to be implementation of the Cryptoruble and Digital Yuan respectively, perhaps the most interesting thing is that both of these nations have either called for, or implemented heavy restrictions and even outright bans on de-centralized cryptocurrencies, ICO's, and rogue exchanges.

So what does that leave for the West who up until now has only bothered with punitive restrictions on cryptocurrencies such as Bitcoin?

The answer may lie in a growing trend among Western central banks to create and implement their own digital currencies that would carry the same weight as say dollars and euros, particularly in regards to inter-bank settlement.  And one of these cryptocurrencies that is becoming more likely each day is that of Fedcoin.

The cryptocurrency hype train obviously has no brakes. But could it eventually replace cash in the US? According to the thinking of economists cited by the Bank for International Settlements, it just might. And to the chagrin of the anti-establishment types that fueled bitcoin's early rise, it will likely be run by the Federal Reserve. 
Alternatives, such as the US dollar and gold bullion, have faded in stature as prices have fallen all year while bitcoin has pushed near $6,000 over the past week. Both China and Russia are exploring the use of blockchain technology to create their own, state-backed cryptocurrencies. A recent Bank of America Merrill Lynch fund manager survey showed "long bitcoin" as one of the most popular trades on Wall Street right now. 
Economist Ed Yardeni of Yardeni Research asks the obvious question: Why would central banks—which derive their power as the centralized gatekeepers of fiat currency creation, check clearing and payment processing—embrace a movement that's primary motivation has been to usurp this power in a decentralized way? 
The BIS­—the central bank of central banks—in its latest quarterly review posited that a crypto backed by the Fed "has the potential to relieve the zero lower bound constraint on monetary policy." Any distinction between regular dollars and this new "Fedcoin" could be removed by establishing a fixed one-to-one valuation. Any competition from the likes of bitcoin could be squashed by regulation; not unlike how the private ownership of gold was outlawed in the 1930s when it threatened the Fed's ability to ease credit conditions. - Pitch Book
Just as gold was a check against irresponsible fiscal and monetary policies, and had to be eliminated from the monetary supply, so too does it appear that the dollar's days are nearing an end.  And since central banks will fight to the death in having to give up their power and authority to print and control a nation's money supply, their next solution is in bringing about a cashless and completely digital system that is backed by a digital token which can be used to totally control the users and mechanisms of the financial system.

Wednesday, October 18, 2017

Kazakhstan to get into the cryptocurrency game with their own sovereign currency

The latest country to suddenly jump on the sovereign cryptocurrency bandwagon is one that has ties to both the Eurasian Economic Union (EEU), and to China's new Silk Road.

On Oct. 18, the Central Asian country of Kazakhstan announced they are in the works to create their own sovereign cryptocurrency, and work towards bringing their financial system onto the Blockchain.

Kazakhstan, a major Central Asian economy, announced its plans to launch its own cryptocurrency, backed by fiat currency. According to an official announcement, the government-supported Astana International Finance Center (AIFC) has signed a deal with the Malta-regulated financial services provider Exante. 
Under the agreement Exante will launch the Stasis platform, which will serve as the foundation for Kazakhstan’s digital asset. AIFC and the company also agreed to cooperate on the development of the country’s regulation on digital assets and markets. 
“Blockchain and cryptocurrencies are entering the mainstream of today’s economic reality. Astana’s leading financial regulators have already commenced their work and are laying the foundation for Kazakhstan’s fitech-ecosystem. We believe that the AIFC can become an international hub for blockchain operations and the development of the digital assets market is our key priority in the near future,” said the Governor of the AIFC, Kairat Kelimbetov. 
In August the Kazakhstan business channel Atameken, claimed Kazakhstan was actually planning the release of two cryptocoins: Altunkoin and Eurasiancoin. According to the publication, both were to be launched in the second half of 2018. The Altunkoin is to be backed by the gold reserve and would cost $50. It would serve as a loyalty program and be used as payment in some restaurants, hotels and airlines. The Eurasiancoin, according to the report, could be used in the Eurasian economic space. – SMN Weekly

Gold backed cryptocurrency Lionsgold hopes to provide alternative to bank accounts by end of the year

Over the past several months we have discussed the growing number of cryptocurrencies being formulated that are backed by a tangible assets such as physical gold.  And while it can often be hard to distinguish which business model in the gold backed cryptocurrency sphere may be better, the reality is that so far each seems to be focusing on a specific sector of finance they seek to replace.

One of these up and coming companies is called Lionsgold, and by the end of the year they hope to complete a new cryptocurrency that is backed by gold and which will use a new blockchain technology called GoldBloc to allow individuals to use their gold backed cryptocurrency the same way they would any regular currency held today in a bank account.

Lionsgold Ltd (LON:LION) roared into action on Wednesday afternoon after the fintech-cum-gold explorer updated investors on the development of its Goldbloc digital currency. 
The AIM-quoted firm has been working on a digital currency backed by real gold for some time now under its majority-owned subsidiary TRAC technology.
The aim of Goldbloc is to give customers the “convenience and utility” of a normal bank account albeit one that is backed by physical gold. 
Each Goldbloc unit will represent 1/1000 of a gram of physical gold – worth around 3p based on current spot prices – and will be divisible by two decimal places.
The ultimate goal is for Goldbloc to become a gold-backed digital currency and banking platform. – Proactive Investors
There is already a well established company called Goldmoney that facilitates many of the attributes and services that Lionsgold is seeking to employ.  But the major difference appears to be in the cryptocurrency model being created by Lionsgold, and how this may synthesize with the slew of other cryptocurrencies currently being traded in the global markets that will go along with their goal of replacing the antiquated model of banking for depositors, savers, and even small businesses.

Gold following normal bull market pullbacks as metal is primarily traded as a commodity through the paper markets

One of the more interesting things often missed when discussing gold and silver is that they are recognized and treated both as a commodity and as money dependent upon the perspective of the investor.  And as such, the ones who buy gold as wealth protection don't necessarily worry about price since a strong dollar protects their purchasing power the same as a strong gold price would, while those who look at gold as an investment tend to focus on prices through the lens of technicals and fundamentals.

So with this in mind, economist Jim Rickards on Oct. 18 pulled a piece of data discovered by billionaire investor Jim Rogers on how commodities trade in a bull market pattern, and came to the realization that even gold follows the same trend lines on their way to new all-time highs, which include a pullback at some point of upwards of 50%.

Gold could be in a long-term trend right now that spells dramatically higher prices in the years ahead. 
To understand why, let’s first look at the long decline in gold prices from 2011 to 2015.
The best explanation I’ve heard came from legendary commodities investor Jim Rogers. He personally believes that gold will end up in the $10,000 per ounce range, which I have also predicted. 
But Rogers makes the point that no commodity ever goes from a secular bottom to top without a 50% retracement along the way. 
Gold bottomed at $255 per ounce in August 1999. From there, it turned decisively higher and rose 650% until it peaked near $1,900 in September 2011. 
So gold rose $1,643 per ounce from August 1999 to September 2011. 
A 50% retracement of that rally would take $821 per ounce off the price, putting gold at $1,077 when the retracement finished. That’s almost exactly where gold ended up on Nov. 27, 2015 ($1,058 per ounce). 
This means the 50% retracement is behind us and gold is set for new all-time highs in the years ahead.Silver Doctors
10 Year Gold Chart

This is also why when investing in any commodity for the long-term, the concept of dollar cost averaging is vital since those who got stuck with buying gold prior to the 50% pullback will be able to re-coup their losses sooner over time by buying at prices well below what they did in 2011.