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?

Wednesday, April 25, 2018

The Daily Economist update for April 25 2018 - Financial market and economic wrapup

Interview with The Daily Coin regarding the the online Populist Movement and on my new book, A journey Distilled: The Narrow Road to Enlightenment

Below is an interview I did yesterday with Rory Hall of The Daily Coin regarding the frequency shifts that the world is experiencing today in politics, economics, and spirituality, and also on my new book, A Journey Distilled: The Narrow Road to Enlightenment.

The Book is about a process every believer in Christ needs to take in order to forge and create a lasting and intimate relationship with God.  It is about the steps one must take to change their 'old self' into the 'New Man' that Christ talked about, and where the church has failed in their first estate of training discipleship in new believers.

You can get a softback here at The Book Patch, or the E-Book over at Amazon.

Universal Basic Income, like Socialism, appears to only work until you run out of other people's money

It was the former Prime Minister of Britain who once said, 'Socialism works until you run out of other people's money'.  And ironically this appears to also be the case for the world's first Universal Basic Income experiment as the nation of Finland has decided to scrap the program just two years after implementation.

With high-profile champions such as Richard Branson, Facebook boss Mark Zuckerberg, and Tesla CEO Elon Musk, backing the idea of governments giving non-working people money (from working people) to do nothing - what could go wrong? 
Well, two years after enthusiastically beginning its experiment with a universal basic income - in which people are paid an unconditional salary by the state instead of benefits - Finland is abandoning the project as government enthusiasm wanes and additional funding requests are rejected. 
Proponents argue that: 
  • The lack of expensive means-testing leads to a higher proportion of the budget going to recipients. This would be more efficient
  • The transparency of universal payments would drastically reduce the need to detect benefits fraud
  • One scheme could replace the current complex arrangement of government benefits, rebates and tax rebates
  • Work will always benefit recipients of this welfare, rather than the ‘benefits trap’ that leaves part-time workers
Critics argue that: 
  • Universal income may be inflationary and, in attempting to move all individuals out of poverty, it may simply raise the level of the poverty line
  • It may reduce the incentive to work and studies have found some evidence to support this 
  • A reduction in taxable income would reduce the government’s ability to cover other expenses, such as healthcare -  Zerohedge

Forget tracking tech company stocks, Nasdaq now preparing to also become a cryptocurrency exchange

It appears that cryptocurrencies have truly become a viable asset class as on April 25, the CEO of Nasdaq announced in an interview that they were in the process of wanting to open their trading platform up to also become a cryptocurrency exchange.

Speaking to CNBC this morning, CEO Adena Friedman extolled the virtues of cryptocurrencies and said that the long-standing equity platform for tech stocks could also soon be trading in Bitcoin and other cryptocurrencies.

Once the space matures, Nasdaq is open to becoming a platform for trading cryptocurrencies like bitcoin, according to the company's CEO. 
"Certainly Nasdaq would consider becoming a crypto exchange over time," Nasdaq CEO Adena Friedman told CNBC's Squawk BoxWednesday. "If we do look at it and say 'it's time, people are ready for a more regulated market,' for something that provides a fair experience for investors." - CNBC
Nasdaq's pursuit of becoming a major hub for crypto trading follows recent commentary made by officials at the New York Stock Exchange who said that more Americans trust in Bitcoin than they do in the Federal Reserve.

As we near the end of the week, is today's down move for Bitcoin once again due to Friday's CME expiration date?

Going back to its origination on Dec. 17, every single time over the past three months that Bitcoin's CME futures contract came up for expiration, the price was summarily pushed lower leading into expiration.  And with the cryptocurrency having experienced two straight weeks of gains here in April for the first time in three months, was today's beatdown of the price below $9000 once again due to Friday's upcoming contract expiration?

No obvious catalyst for the big drop this morning - aside from perhaps Chinese police seizing mining equipment in Tianjin - but Bitcoin Cash is plunging and Bitcoin is back below $9,000 as the entire crypto space is getting hit... - Zerohedge

Tuesday, April 24, 2018

Recent moves in cryptocurrencies have once again brought the sector's market cap back above $400 billion

It is a very true axiom in the cryptocurrency sector that a rising tide lifts all boats.  And the recent moves up by Bitcoin in particular have raised the overall market cap for the cryptocurrency market back above $400 billion.

The bitcoin price has surged to $9,200 over the past 24 hours by recording an increase of around $400. It successfully maintained its momentum in the $9,000 region, which investors perceive as an important level that could lead the bitcoin price to enter the $10,000 in the short-term. 
Today, on April 24, some of the best performing altcoins include ICON (ICX), Ethos (BQX), EOS, and Kyber Network (KNC). All of these ERC20 tokens have recorded more than 10 percent gains against bitcoin which also recorded a solid gain of its own at around 3 percent. 
ICON’s daily trading volume has reached 15,500 BTC, with around 50 percent of that coming from the world’s largest cryptocurrency exchange Binance and the other 50 percent from South Korean cryptocurrency trading platforms Bithumb and Upbit. - CCN

China gets into the gold backed cryptocurrency game with two of their mining companies signing agreement with Macau Blockchain entity

A Macau blockchain company has signed a new agreement with two Chinese miners to backstop their gold backed cryptocurrency with physical metal.

Macau Quantum Gold Blockchain Technology Limited is looking to do what most cryptocurrencies have been unable to do, and that is act as an accepted crypto in China and across other parts of Asia.

Local company Macau Quantum Gold Blockchain Technology Limited announced this Tuesday that it has entered into an agreement with two Chinese mining groups to back its gold-value based cryptocurrency. 
The company registered in the Macau SAR last year developed and issued a cryptocurrency named ‘Quantum Gold Token’ (QTG Token), with the token value being backed by physical gold reserves. Shanghai-based mining group Zenda Gold Mining Co. was described as the largest partner, with the second being a smaller private company. Both companies manage mines in Africa. 
“Every time we get a mine partner our value will go up. We are not targeting an explosive increase; we are aiming at a stable price […]. In the future we will be able to collaborate with other gold industries such as jewellery” the company founder, Steve Pang, told Macau News Agency (MNA). – Macau Business

Cryptocurrency pump and dump? Bitcoin Cash miners destroying tokens to pump up price

When it comes to the 'Wild West' that is the cryptocurrency sector, never be fooled that fraud doesn't occur as much if not more than in the controlled manipulated markets of sovereign governments.  And in a new report out on April 24, it appears that one of the miners for the cryptocurrency Bitcoin Cash is purposely 'burning' (destroying) tokens it mines in order to cause the price to rise by artificially limiting supply.

The cryptocurrency market is hot again after more than three months of losses. The rally leader is bitcoin cash, which has more than doubled in price in April. 
The reason for the rise of bitcoin cash is reportedly that one of the largest mining groups, Antpool, has been “burning” the bitcoin cash coins it created to solve the mathematical problems in the network and also cut the supply, thus propping up the price. 
"Antpool has burned $12 worth” of bitcoin cash a day, Kyle Samani, managing partner at crypto hedge fund Multicoin Capital told Bloomberg. "This was purely a PR game so they could say ‘reducing supply.’” 
Another analyst says that it is hard to keep up projects such as bitcoin cash, and miners are burning the crypto-cash just to keep it going. – Russia Today

Russia accepts Iran into the EEU while also extending oil for goods program meant to bypass the dollar

On April 24, Russia's Prime Minister Dmitry Medvedev announced that they had accepted Iran's proposal to join the Eurasian Economic Union (EEU).  And this comes just a few days after Russia extended a program with the Middle Eastern power to facilitate their year old oil for goods trade which was created so that Iran could completely bypass the dollar.

Russian Prime Minister Dmitry Medvedev has approved a draft interim agreement establishing free-trade zone between the Russia-led Eurasian Economic Union (EEU) and Iran. 
The corresponding order was published on Tuesday on the website of the Russian government. The agreement provides for the formation of a free-trade zone for certain goods and is subject to ratification, as it contains rules different from those stipulated by the Russian law. 
Talks between the two countries on a free-trade deal started three years ago but were repeatedly postponed. According to Russian Energy Minister Aleksandr Novak, who is also co-head of the Russian-Iranian Intergovernmental Commission, the agreement “will obviously trigger further development of our bilateral trade and expansion of investment cooperation.”Russia Today
With Iran, Qatar, and Venezuela all conducting oil trading outside the dollar, and Saudi Arabia on the cusp of being willing to sell their oil to China in Yuan rather than the global reserve, the next big step towards ending the Petrodollar system appears to be in play as trade in goods and commodities outside of just energy is beginning to ramp up.