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?

Friday, June 30, 2017

While billionaire Mark Cuban rejects Bitcoin as viable, he is instead investing in new a sports betting cryptocurrency

Approximately a month ago, billionaire and former Dot Com investor Mark Cuban publicly stated that he believed Bitcoin was in a bubble, and that it eventually would fall in price as its viability for the future was unknown.  However this statement by Cuban appears to not mean he doesn't see great potential for blockchain technology, and also in other cryptocurrencies such as the one he is now investing in.

Unikoin Gold is a cryptocurrency planned to be produced on his Unikrn platform which is based on blockchain technology dedicated for sports betting.  And instead of using an ICO to help fund this operation, Cuban and others are using Crowdfunding as the means to acquire capital.

Entrepreneur Mark Cuban, who previously helped Bitcoin's value drop after calling it a "bubble," is now interested in another digital currency. And no, it is not Ethereum, but the UnikoinGold
According the Coindesk, Cuban is participating in another fundraising round of one of his portfolio companies, a sports-betting blockchain platform dubbed Unikrn, via an initial coin offering. 
An ICO is a crowdfunding method that has grown in popularity as of late among blockchain startups, with more than 30 ICOs already this year. Companies sell their own digital currencies and use the proceeds to fund their businesses
Unikrn has already raised some $10 million from investors, including Ashton Kutcher. The company allows anyone to place bets with its digital token, the Unikoin, according to Coindesk. - Fortune

Gold price difference between London and Shanghai back over $20

While London and the Comex in New York continue to hold the power of establishing the price of gold throughout the global markets, more and more are we seeing individual countries cede to the price being established by the world's largest physical market.  And despite the fact that the dollar has fallen over 9% since the beginning of the year, the gold price has not reflected this as manipulation continues to run rampant in the paper market.

For most of 2017 the price fix at the Shanghai Gold Exchange has stayed relatively level with the fix established in London each day.  However over the past week prices has been diverging sharply, with the price in Shanghai now back to over $20 more than the price of gold at the Comex.


Shanghai Gold Price - June 29, 2017


London Gold Price - June 29, 2017



Is Trump reversing course on China relations because Beijing is working with Saudi Arabia to end the petrodollar?

Donald Trump's talk of economic sanctions against China and the selling of arms to the Far East power's nemesis Taiwan on June 30 indicate a sudden shift away from the apparent gains made between himself and China's Xi Jinping earlier this year.  But according to a report out today from Sputnik News, the President's actions may be tied to much more than a simple trade war, or concerns over North Korea.

In fact, the issue at stake may be the fate of the dollar remaining as the world's reserve currency.

It is no coincidence that a surge in global tensions over recent years comes at a time when the American economy is staring into an abyss. The key to the survival of the US economy as we know it is the status of the American dollar as the world's top reserve currency. 
The so-called petrodollar system, in which the world's most traded commodity oil and gas are conducted primarily through American currency, appears to be coming to an end. That decades-old system is being challenged by the rise of China, Russia, India, Iran and others. If the petrodollar and its global privileges are displaced then the United States is facing an economic apocalypse. 
Perhaps no two other countries have done more to forge a multipolar global order than China and Russia. China is the biggest oil importer and Russia is the world's biggest fuel exporter. When they announced last year that oil trade would be henceforth conducted in their own national currencies of yuan and rouble that development marked a nail in the dollar's coffin. 
Now, only a few weeks ago, China and Saudi Arabia – the world's second-biggest oil producer – reportedly launched earnest negotiations for future energy fuel trade to be conducted in yuan. Commentators say Saudi Arabia has little choice in the matter, since China has been progressively reducing the kingdom's market share with other oil exporters, like Russia and Iran. If the Saudis want to maintain exports to the world’s biggest economy, then they will have to do their business in Chinese currency, not the US dollar as they have customarily done. 
Randy Martin, an American political analyst, said the long-anticipated decline in the petrodollar is picking up pace. 
"The petrodollar is in decline, and consequently the entire financial system that undergirds the western economies," Martin said. "China and Russia have laid the global economic foundation for the new 'Silk Road' and the emergence of a new Eurasian economy that puts the US and its petrodollar on the outside. That leaves the US dollar and its economy in tatters as long as the US insists on trying to maintain its unipolar quest for global economic dominance. To be clear, what China and Russia have successfully done is to unravel the economic foundation of US global hegemony." – Sputnik News

Thursday, June 29, 2017

Bitcoin and Ethereum were the best performing assets in the first half of 2017

Despite all the hoopla of the Dow, Nasdaq, and S&P 500 reaching new all-time highs here in 2017, or the fact that Amazon stock has now made Jeff Bezos the richest man in the world (or at least on the Forbes list), neither of these equities have come close to Bitcoin or Ethereum in gains for the first half of the year.

Digital currencies hit a number of key milestones in 2017, including breaking into the 12-digit club, as the combined market value of all cryptocurrencies—led especially by bitcoin and ethereum—surpassed $100 billion for the first time ever, and currently stands near $104 billion. 
Cryptocurrencies have become so prominent that major semiconductor stocks have started to move based on how readily their chips are used by “miners,” who use high-powered computers in a race to solve complex puzzles. Those who solve these problems are rewarded with the digital gold of bitcoin and other digital currencies. 
Still, the overall trend in crypto in 2017, as it was last year, was shockingly positive. The price of single bitcoin BTCUSD, -0.76%  currently sits at $2,565.47, up 165% thus far this year, though down 15% from a record high above $3,000 hit earlier this month. 
Gains for ethereum has been even more pronounced. Not only has bitcoin’s chief rival surged past it in terms of daily trading volume, according to CoinDesk data, but it is also up nearly 3,500% on the year, having rallied from $8.40 at the end of 2016 to a shade under $300 presently.  
The size and scope of the rallies in digital currencies easily eclipses the year-to-date move of more traditional assets like stocks. For example, the S&P 500 indexSPX, -0.85% despite enjoying its own run-up, has gained a much milder 9% year to date, the Dow Jones Industrial Average DJIA, -0.74%   is up 8.6%, while the tech-heavy Nasdaq Composite Index COMP, -1.57%   is up a touch more than 15% in 2017. Among the best performing commodities, palladium PAN7, -1.77%   is up more than 25% on the year. None of those rallies approach the year-to-date surges in popular cryptocurrencies. - Marketwatch
With the expected increase of cryptocurrencies from their current number of around 780 into the thousands over the next few years, more and more wealth will be moving away from stocks, bonds, and sovereign currencies into this new market.  And subsequently, this paradigm shift is likely to keep the cryptocurrency sphere high up on the list of best performing assets now, and well into the future.

Gold backed cryptocurrency Zengold solidifies ties with Shanghai Gold Exchange for physical gold storage

When both Zengold and Onegram implemented their ICO's (Initial Coin Offerings) last month, investors flocked in much larger numbers towards the Zengold model, allowing them to sell out their initial offering in just a few hours time.  And perhaps one of the biggest reasons for this was the fact that Zengold catered to an Asian market where millions of investors were already seeking a conduit to get their wealth out of sovereign currencies such as the Yen, the Yuan, and the South Korean Wan currency.

But over in the West there was some trepidation about trusting in a new company that used a cryptocurrency to represent physical gold, and as such there was limited buying of the ICO from investors in Europe and the United States.  However, this caution may have been shortsighted since it has now been revealed that the gold being stored to backstop Zengold tokens will be kept and audited in the world's largest physical gold market.

The term gold standard in the monetary system is long gone, but the new-age cryptocurrencies with no historical connection to physical assets are increasingly working on creating a new gold standard in virtual space. ZenGold is one such cryptocurrency platform that is involved in the creation of gold backed smart assets. 
Built on the recently popularized Metaverse blockchain, ZenGold allows investors to buy, sell and trade gold on the blockchain indirectly. The crypto asset on ZenGold, referred to as ZenGold tokens are backed by actual physical gold, which ensures the store of value of each token. At the same time, the highly divisible nature of crypto tokens makes it possible for the community members to use gold as an efficient payment mechanism for both small and huge transactions, which is otherwise impossible with the yellow metal. 
In addition to acting like an absolute store of value, least affected by volatility as in the case of Bitcoin and other cryptocurrencies, ZenGold presents itself as an attractive investment opportunity for many. Each ZenGold token (ZNG) represents the value of one gram of gold which is physically stored in the secure facilities of the Shanghai Gold Exchange. It also offers freedom to the token holders to burn their ZNG tokens and receive an equivalent value in real gold when required. - News BTC

Wednesday, June 28, 2017

Dubai's gold backed cryptocurrency could help change the face of finance in the Islamic world as Middle East moves away from Petrodollar

As more and more OPEC and Middle Eastern countries begin to move away from the Petrodollar, the door is now open for another type of currency to rush into the vacuum to replace it.  And perhaps it is not a coincidence that last year the Islamic Council on Sharia Finance legalized the ownership of gold outside of currencies and jewelry for the first time.

Last month a financial institution in Dubai created the region's first cryptocurrency, and facilitated its acceptance under Sharia Law by backing it with physical gold.  Now analysts are speculating that not only could this model become a prime investment vehicle for Muslims around the world, but it could also lead to a complete change in the financial structure of Islam and the Middle East, and possibly replace the dying petrodollar system that has been the foundation of finance there for over 44 years.

The launch of the first-ever Islamic finance-compatible cryptocurrency could be a game changer for the entire Islamic banking industry and the way it does its finance business, its founder says. 
OneGram, launched in May in Dubai, calls itself the world’s first Shariah-compliant cryptocurrency whose value is backed by actual gold reserves. The company started selling a total stock of 12.4mn digital tokens on May 21 that are backed by one gram of gold each, aiming to raise around $500mn in its “Initial Coin Offering” programme. At its sister company GoldGuard, a Dubai-based online gold trading platform, OneGram will store the physical gold – bought through Australian-based ABX (Allocated Bullion Exchange) – in a gold vaults inside the Dubai Airport Free Zone which is currently being built. This would create a completely gold-backed, redeemable digital currency.  
OneGram’s founder and CEO, Mohammed Ibrahim Khan, says he felt inspired by the now popular cryptocurreny Bitcoin when it was launched eight years ago, but he also felt that Bitcoin and similar cryptocurrencies were not designed with Islamic markets in mind, although they are considered to have more “intrinsic value” than fiat money created in the conventional finance system that is based upon debt. However, since there hasn’t been an Islamic evaluation as to whether Bitcoin is halal or not, its use is subdued in the Arab world. 
“While the 1.6bn Muslims make up over 23% of the world population, many Muslims simply can’t use cryptocurrencies because of their restricted legal status and high barriers of entry in many countries in the Islamic world,” Mohammed notes, adding that the physical backing by gold, which also implements the newly announced halal gold standard, would change that since OneGram has Shariah scholars on its board who ensure that the company is fully compliant with Islamic finance requirements. 
The ultimate objective for OneGram is to create a blockchain-based payments solution around its tokens that complies with Islamic finance standards. Its name will be “YalaPay”, and there will be an incentive programme for retailers and companies to participate. OneGram also plans a cooperation with Mastercard to create a “Liquid Gold” debit card which can be used across the globe in ATMs, at point of sales systems and online and can be loaded with OneGram coins, gold value or normal money.  
“The Muslim world finally has a fintech digital innovation that is Shariah-compliant and is something they can claim as their own and be proud of,” Mohammed says, adding that “Islamic finance experts have said that OneGram coins potentially can change the face of Islamic finance.” - Gulf Times

Russian lawmakers begin preliminary discussions for legalizing Bitcoin and other cryptocurrencies

Just as Cliff High and his Webbots have forecast China eventually integrating cryptocurrencies into their Silk Road trade project, so too might another head of a regional trade coalition find advantages in using digital money as the conduit for trade as the world begins to shift away from the dollar.

However before this becomes a reality for Russia and their Eurasian Economic Union project, first Bitcoin and cryptocurrencies must become accepted and legalized within their own borders.  And on June 28 Russian lawmakers have picked up this topic and are beginning preliminary discussions on the idea of legalizing Bitcoin, other cryptocurrencies, or in creating their own sovereign one.

Parliamentary hearings on the legalizing cryptocurrencies in Russia may start soon, according to State Duma committee member Vadim Dengin. He told RIA Novosti draft laws could appear shortly. 
“We will hold roundtable discussions and parliamentary hearings on digital currencies, particularly bitcoin,” he said, adding the cryptocurrency will most likely become accepted throughout the world. 
#Bitcoin use to expand in near future – ex-Russian Finance Minister https://on.rt.com/8dha  
The parliamentarian added that there’s no need to legalize digital currencies right now, but “it’s time to think about that issue.” 
"Sooner or later, with the verification of users, we may probably even have bitcoin exchange offices… Such operations will also be possible via the internet, for example, if you are in the office or on the street,” said Dengin. 
In April, Russian Deputy Finance Minister Aleksey Moiseev said cryptocurrencies could be recognized in the country by next year as the central bank is working with the government to develop rules against illegal transfers. – Russia Today

Tuesday, June 27, 2017

Gold ready to fill the gap as both the dollar and Bitcoin see capital flight moving away

Yesterday's large drop in the gold price has already been speculated to have been due to a computer flash crash, or from a 'fat finger' trader, and does not precipitate a medium or long-term downward trend for the monetary metal.  And what is also perhaps most interesting is that investment in Bitcoin and other cryptocurrencies, as well as in the dollar, have fallen even greater in recent days leaving gold ready to fill the gap as capital flight looks for a place of safety.
The price of gold dropped significantly Monday on what some are speculating may have been a fat-finger mistake. In other words, a trader may have accidentally or purposefully made a market-moving trade the gold market was unable to absorb easily. However, gold is recovering significantly today, either on a rebalancing post a fat-finger error, or more likely, on the euro-lifting speech of Mario Draghi this morning and the war rhetoric coming out of the White House regarding Syria. Let's call that an itchy trigger finger driver. - Seeking Alpha



Overall, the total market capitalization of cryptocurrencies fell to as little as $91.4bn today, a more than 20% decline from the all-time high of $117.2bn it reached around mid-June, and down over 13% from the day's open at $105.3bn. 
At the time of report, the top 20 cryptocurrencies as ranked by market capitalization had all suffered declines in the last 24 hours, according to data from CoinMarketCap. - Coindesk

Monday, June 26, 2017

Big banks now wanting to bring in Bitcoin as part of their financial services

Earlier this morning a representative of Barclay's bank spoke with the business analysts over at CNBC and discussed how the European financial giant is looking at ways to bring Bitcoin or other cryptocurrencies into their portfolio of financial services.

British multinational bank Barclays has been in discussions with regulators about bringing digital currencies like bitcoin into service, CNBC reported citing the bank's UK chief executive Ashok Vaswani. 
"We have been talking to a couple of fintechs [financial technology firms – Ed.] and have actually gone with the fintechs to the FCA [Britain’s Financial Conduct Authority – Ed.] to talk about how we could bring, the equivalent of bitcoin, not necessarily bitcoin, but cryptocurrencies into play," Vaswani told CNBC. 
According to him, it’s an "obviously new area we've got to be careful with...”"(We're) working on it, (it's) not ready for prime time, we'll get there soon," he added without giving any other details. 
Barclays has been experimenting with bitcoin and working with digital currency start-ups. The bank wants customers to be able to receive bitcoin payments directly in their accounts. - Russia Today
What is perhaps most interesting is that this announcement comes on the same day that the largest U.S. cryptocurrency exchange crashed or went offline due to the extreme amount of transactions taking place right now in the digital currency sphere.


Despite today's massive flash dump at market open, gold remains the best overall asset since Fed began raising rates

In what has become a trend going back to 2011, on June 26 some entity opened the market with a flash dump of 1.8 million ounces of paper gold contracts in an attempt to push the precious metal below its 100 and 200 day moving averages.  And what is perhaps the most ironic about today's artificial dump is that the mainstream media actually acknowledged it as manipulation.




Yet even with all of this, gold has remained resilient and has rebounded from multiple attempts to drive the price down below $1200 since the beginning of the year.


Because of gold's resiliency, there is an even more interesting result that has emerged even with stock markets soaring to all-time highs, and bonds failing to respond in a logical manner to the Fed's changing policy of raising rates.

And that is that gold is the best performing asset in this period since the central bank began raising interest rates back in December of 2015.


Sunday, June 25, 2017

Americans cite gold as the 3rd best long-term investment but an estimated fewer than 10% actually own any

Gold and silver have been an intrinsic part of America's financial system for the greater part of her existence.  In fact, even the original founders mandated what the value of a dollar would be through the U.S. Coinage Act of 1792 where a unit of the nation's currency would be equivalent to 371.25 grains of silver.

But the 20th century has been one where both gold and silver have lost their perceived value as a store of wealth through the government facilitating its removal from the monetary system.  And as such, individuals over time have turned their investments away from the precious metals and into real estate and paper based assets such as stocks and bonds.

The financial crisis of 2008 brought back a glimmer of hope for a return to Americans finding solace in the precious metals where surveys from nine years ago showed that gold was deemed to be the best long-term investment, even above real estate and stocks.  But after gold prices fell over 40% in subsequent years following their highs in 2011, a large portion of the country now ranks gold as the third best long-term investment behind those other two assets.

Yet there is at least one significant-seeming economic question with no reliable answer: How many Americans own gold? 
Certainly a notable portion of the country believes that gold makes a good investment. Gallup annually surveys American adults on their perceptions about investments; in 2011, when gold prices were relatively high, gold was deemed the best long-term investment by 34% of respondents (real estate was next at 19%). As gold prices subsided, the percentage naming gold as the best long-term investment fell. Nonetheless, in 2017’s survey, gold still ranks as the third best-perceived long-term investment, behind real estate and stocks/mutual funds. – Los Angeles Times

However liking gold, and owning gold in America appears to be two different animals.  And while it is extremely difficult to get exact numbers as to how many Americans own actual gold or silver bullion outside of jewelry and heirlooms, industry experts suggest that less than 10% of Americans actually own any precious metals in bullion form.
The World Gold Council, which gathers and disseminates mountains of statistics about gold, says it can provide no estimate for the number of Americans who own gold as an investment. Metals Focus, a London-based precious-metals consultant, says it has no figures that it can release. When I passed along an estimate that fewer than 10% of American adults own gold as an investment, a spokesman wouldn’t confirm, but hinted that it was accurate.
Because stocks and real estate prices have not only recovered from their declines following the 2008 financial collapse, but are also at or near all-time highs in certain regions and sectors, most investors have shifted away from gold, or at the very least own it in paper form on exchanges.  But as the world appears more and more to be sliding into recession, and also towards a new financial crisis, it will not take long for Americans to once again look to gold and silver as true wealth protection outside the system, only this time there will likely not be ample supply for them like there was in 2008 when gold suddenly became relevant again to the masses.

Even in the cryptocurrency markets, the 1% own more Bitcoins than the other 99% combined

Ever since the 2008 financial crisis and subsequent rise of central bank programs that have helped engineer the wealth of nations into the hands of the 1%, nearly every single market has seen this anomaly take place as access to cheap money has allowed those who control capital to multiply their wealth immensely.

And perhaps the saddest part in this is that even the cryptocurrencies are not immune to their being accumulated into the hands of a few as new analysis of Bitcoin wallet holdings shows that less than 1% of Bitcoin owners control more than the other 99% combined.

Data courtesy of Bitcoinprivacy.net

A breakdown of the data in this chart confirms that the majority of Bitcoins are currently held by a small minority of individuals or entities.

99%

(17.8+17.6+16.8+12.9+7.5+4.4+1.8 millions) = 78.8 million Bitcoin wallets.

(1.78+17.6+168+1290+7500+44000+180000) = 232,958 total Bitcoins.

1%

(531,248+137,501+13,852+1619+115+3) = 684,338 Bitcoin wallets.

(531,248+1,375,010+1,385,200+1,619,000+1,150,000+300,000) = 6,360,458 total Bitcoin.

We are also taking note of the fact that according to Bitcoin mining statistics, there are supposed to have been over 16 million Bitcoins having been mined as of June 25, 2017, and this data is pointing to the fact that nearly 10 million of these coins have not been registered as being tied to a Bitcoin wallet.  And invariably this is leading to both an assumption and a conjecture that those coins are either being held outside the active Bitcoin blockchain by one or more select entities, or have been lost due to their original wallet holders having somehow eliminated them from existence through a myriad of circumstances such as hard drive failures, or lost and forgotten passwords to their wallets.

Saturday, June 24, 2017

Shanghai Gold Exchange gets first international market to accept their pricing of gold as China seeks to usurp Comex and London

On June 21 China announced that the Budapest Stock Exchange is expected to begin pricing gold using the futures price determined at the Shanghai Gold Exchange, and will make Hungary the first market outside of China to use a pricing mechanism for the precious metal that is not of either London or the Comex.

This move is the first in China's push to usurp control over the pricing of gold, and is the start of their program to internationalize futures contracts at the world's largest physical gold exchange.

China is looking to expand the use of its yuan-denominated gold fix overseas, the chairman of the mainland China’s sole gold bourse said on Wednesday, reflecting on Beijing’s attempt to vie for a bigger say in the price-setting of the precious metal. 
It is now expected that a gold futures contract based on China’s yuan-backed gold benchmark price could be listed on the Budapest Stock Exchange in Hungary as soon as the second half of this year, said Jiao Jinpu, chairman of the Shanghai Gold Exchange (SGE) at the Lujiazui Forum, which ends in Shanghai on Wednesday. 
SGE is considered the world’s largest physical bullion exchange. 
The yuan-backed benchmark fix, launched by the SGE in April 2016, reflects Beijing’s hopes of reducing its reliance on US-dollar based prices of the metal, he said. 
It also reflects Beijing’s latest step to push ahead its plan to make the yuan a global currency, analysts added. - South China Morning Post

Monday, June 19, 2017

Bitcoin advocates warn cryptocurrency owners to have their Bitcoins in their wallets and out of exchanges before Aug. 1

The battle over a soft or hard fork for Bitcoin may be coming to a head as early as Aug. 1, and Bitcoin advocates are warning owners of the cryptocurrency to have them out of Bitcoin exchanges before that date and downloaded onto their Bitcoin wallets to protect them from any loss or confusion should the expected change occur.

As of now a solution known as the user-activated soft fork (UASF) is expected to go live on Aug.1, but it is not without risk, especially if your Bitcoins are stored on an exchange where in the past segregation of ownership has been dicey at best.

A new initiative designed to help Bitcoin users with the upcoming fork advises them to maintain 100 percent control of their Bitcoin, rather than keeping it in exchanges. 
The reality is clear - most Bitcoin blocks hit the block size limit of 1 MB and are plagued by fees and slowdowns. The solution, though, is still up in the air as debate rages about how change should happen
One solution, the user-activated soft fork (UASF) is scheduled to go live on August 1, while another competing group has threatened to split the chain if that occurs.
1August.org claims to be a neutral third party designed to help users understand and navigate the upcoming fork, and how to best protect their Bitcoin. Because a fork would create duplication, the best solution for users is to be able to transact on both chains, should a fork occur. 
At this time, they are advising that users maintain 100 percent control of their Bitcoin, rather than keeping it in exchanges such as Coinbase or Bittrex. The only way to completely control Bitcoin is to be in control of your private keys on either a wallet application or a paper wallet. – Coin Telegraph

U.S. not the only government looking to pass legislation making it illegal to own cash and Bitcoin without their knowledge

Last week a bill rose up on the floor of the U.S. Senate calling for an expansion of financial controls over American citizens under the guise of the 'War on Terror'.  In fact, the Combating Money Laundering, Terrorist Financing and Counterfeiting Act of 2017 if passed would even go so far as to allow the government to confiscate all assets, just the ones in question, of anyone who seeks to hold cash, Bitcoin, gold and silver outside a bank in denominations of more than $10,000 if they haven't filled out proper forms.

But as the real underlying reasons for this draconian law bubble to the surface, it is not just the U.S. who is using the label of 'terrorism' to restrict the free use of your money, but other nations are as well including Germany who is looking to pass similar laws as a new financial crisis percolates to the forefront following the recent bank runs in Italy, Canada, and Spain which threaten the liquidity of the financial system.

In the US for example, a new Bill has been introduced in the Senate. The name says it all: “Combating Money Laundering, Terrorist Financing and Counterfeiting Act of 2017.” 
The purpose of the law is to “Improve the prohibitions on money laundering and for other purposes.”  
Money laundering has an extremely wide definition and anyone who carries money over $10,000, cryptocurrency or a blank check, has a prepaid mobile, can fall under this law. In summary, if the incumbent has not in advance filled in a form to declare these items, it allows the government to seize all his assets and put him in prison for 10 years. The bill also gives the right to surveillance and wiretapping. 
If this law is used only to catch real criminals, it might be acceptable. But we know that when a body is given such extensive and ill-defined powers they will be widely abused. And this is how slowly but surely a police state is created. A lot of smaller measures that most people don’t pay any attention to until these draconian powers are unfairly applied to innocent people.  
In Germany, similar measures are being discussed. The German Interior Minister is preparing a new law introducing surveillance of the people to combat terrorism. It gives the authorities the power to fingerprint and give access to mobile phones, social networking apps even down to 6 year olds. Germany is also considering installing software on mobiles so that they can read messages before they are encrypted.  
Many other countries are considering similar methods or are already applying them tacitly. The combination of increased immigration and terrorism will continue to lead to more surveillance measures around the world in all aspects of life. It is not just physical surveillance but bank records, fiscal control and the banning of cash transactions and cash. This trend is unlikely to stop until this cycle ends. We will need to see an end to the socialism and globalism which is creating the current unpleasant trends. We will also need to have an implosion of the debt and asset bubbles which are part of the current problems.  – King World News

As has been proven in nations like Japan, China, and South Korea over the past few months, the ability to transfer money into a cryptocurrency that is outside the monitoring from a sovereign financial system, and outside the control of both banks and government agencies, is now causing these same governments to try to put fear into their peoples to coerce them into keeping their money and wealth in the banking system where it will inevitably be stolen and confiscated under the bail-in arrangements created after 2008.  And when you start to see these warning signs start to come from legislatures in multiple locations, then you know that a new and dramatic financial crisis is just over the horizon, and it is beyond time to protect your money now before it becomes illegal to do so.

Sunday, June 18, 2017

My interview on the Daily Coin with host Rory Hall - Gold, silver, bitcoin, and the economy


Ethereum blockchain and cryptocurrencies could take over the world's refugee and welfare programs

For decades global relief agencies along with the United Nations have been stymied in trying to provide direct relief to needy individuals, especially in countries ruled by tyrannical dictators.  And there are many examples where these entities have tried to ship in food, medicine, and other items only to have the government seize them for their own purposes or profit.

But with the rise of digital banking, smartphones, and now blockchain technology, the ability for agencies to get relief directly to individuals in need has suddenly become much easier.  And with the United Nations having already done such direct relief efforts through the Ethereum Blockchain in recent weeks, the boundaries for aiding refugees, those on welfare, and any in need could one day be moved to the blockchain, thus eliminating billions in bureaucratic costs, and thousands of unnecessary pitfalls.

The United Nations World Food Programme uses the Ethereum Blockchain to transfer vouchers based on cryptocurrencies to refugees in Syria. The platform was able to transfer cryptocurrency vouchers to a total of 10,000 people. It was done through another platform that was created by Parity Technologies. 
Parity Technologies is a startup company led by Ethereum co-founder Gavin Wood.
"Funds that were sent to the refugees were specifically used for buying food. With the success of this project, the World Food Programme (WFP) plans to extend the project even further to cover 100,000 people in Jordan by late 2018." 
With this, the UN is planning more Blockchain technology-related projects that can help them move aid to disaster-stricken countries even faster. - Cointelegraph
In the meantime for sovereign economies, moving benefit programs out of bloated government bureaucracies onto the Ethereum Blockchain could also eliminate unnecessary waste as well as making it easier to get welfare payments directly into the hands of those in need.

Friday, June 16, 2017

Hillary Clinton's emails prove that the U.S. and the West are willing to kill to stop the rise of a gold backed currency

One of the biggest reasons that the U.S. is so hell bent on framing Russia as a criminal on the world stage is not necessarily because of their intervening in Washington's agenda of bring about chaos to the Middle East, but instead because of its potential of destroying America's hold on the world's singular reserve currency.

And there are two ways in which they can achieve this.  First it is by overtaking OPEC and putting an end to the long-standing Petrodollar system.  And second would be through the creation of a gold backed Ruble, which would instantly turn the Russian currency into the most secure form of money on the planet.

Now many Western analysts have been pushing the narrative that a return to a gold backed monetary system would be impossible to achieve, since their faulty premise is based on the total amount of physical gold available to backstop the total amount of worldwide currency.  Of course the real reasons they use this propaganda is because a gold backed monetary system would be a hindrance to a government and central bank's ability to borrow capriciously and without through of any financial consequence.

But the reality is that a gold backed monetary system works just fine if you allow the price of gold to float and not be fixed, and if done on a worldwide scale it would segregate out the nations who destroy their currencies through vast money printing and those who act in a responsible manner, using their money supplies as was intended to control and regulate costs.

With this in mind, and with the advent of Wikileaks disseminating thousands of emails found on former Secretary of State Hillary Clinton's servers, we discover that the unlawful attack on the nation of Libya a few years back, and the subsequent murder of Libyan leader Muammar Gadafi, was enacted entirely because he was in the process of creating an gold backed currency that would not only help grow African nations economically, but also help them to get out from under Western colonialism and the long-standing dominion the U.S. and Europe had over the Dark Continent.

One of the 3,000 Hillary Clinton emails released by the State Department on New Year’s Eve (where real news is sent to die quietly) has revealed evidence that NATO’s plot to overthrow Gaddafi was fueled by first their desire to quash the gold-backed African currency, and second the Libyan oil reserves. 
The email in question was sent to Secretary of State Hillary Clinton by her unofficial adviser Sydney Blumenthal titled “France’s client and Qaddafi’s gold”.
From Foreign Policy Journal
The email identifies French President Nicholas Sarkozy as leading the attack on Libya with five specific purposes in mind: to obtain Libyan oil, ensure French influence in the region, increase Sarkozy’s reputation domestically, assert French military power, and to prevent Gaddafi’s influence in what is considered “Francophone Africa.” 
Most astounding is the lengthy section delineating the huge threat that Gaddafi’s gold and silver reserves, estimated at “143 tons of gold, and a similar amount in silver,” posed to the French franc (CFA) circulating as a prime African currency. - Global Research
So the next time you see the mainstream media pop out another propaganda piece on the evils of Russia or China, know that the economic sanctions imposed back in 2013 were not about Ukraine, or any other opposition to U.S. foreign policy, but completely about trying to stop their tearing down of the petrodollar system, and having the ability to use their nuclear option of one day backing their currency once again with gold.

Thursday, June 15, 2017

Head of Germany's central bank fears Bitcoin may make next financial crisis worse, and is looking into creating his own sovereign cryptocurrency

The explosive popularity and rise in cryptocurrencies such as Bitcoin and Ethereum have finally reached the point where Wall Street, central banks, and sovereign governments can no longer ignore them.  And as the global monetary and banking systems begin to crack, as seen for example last week in Spain where Banco Popular disappeared in a single day, central bankers are taking sides on whether cryptocurrencies are part of the solution, or part of the problem when the next financial crisis comes.

And when we say both a solution and problem all we need to do is look at the words spoken by the head of Germany's central bank on June 14 regarding Bitcoin's potential to make the next financial crisis much worse, and how they might need to create their own cryptocurrency as a backstop for their people and banking system.

As Citigroup's Hans Lorenzen showed yesterday, as a result of the global liquidity glut, which has pushed conventional assets to all time highs, a tangent has been a scramble for "alternatives" and resulted in the creation and dramatic rise of countless digital currencies such as Bitcoin and Ethereum. Citi effectively blamed the central banks for the cryptocoin phenomenon. 
Weidmann had a different take, and instead he focused on the consequences of this shift towards digitalisation which the Bundesbank president predicted, would be the main challenge faced by central banks. In an ironic twist, in order to challenge the "unofficial" digital currencies that have propagated in recent years, central banks have also been called on to create distinct official digital currencies, and allow citizens to bypass private sector lenders. As Weidmann explained, this will only make the next crisis worse: 
Allowing the public to hold claims on the central bank might make their liquid assets safer, because a central bank cannot become insolvent. This is an feature which will become relevant especially in times of crisis – when there will be a strong incentive for money holders to switch bank deposits into the official digital currency simply at the push of a button. But what might be a boon for savers in search of safety might be a bane for banks, as this makes a bank run potentially even easier. 
Essentially, Weidmann warned that digital currencies - whose flow can not be blocked by conventional means - make an instant bank run far more likely, and in creating the conditions for a run on bank deposits lenders would be short of liquidity and struggle to make loans. 
“My personal take on this is that central banks should strive to make existing payment systems more efficient and still faster than they already are – instant payment is the buzzword here,” the Bundesbank president said. “I am pretty confident that this will reduce most citizens’ interest in digital currencies.” - Zerohedge

And while there is still time for the game between centralized and decentralized money to be played out, one has to honestly ask if they thought that central banks and sovereign governments would really allow a private form of money to usurp their control and authority, and in the end either not try to ban it, or co-opt it with one of their own that they declare as legal tender.

A few days after appointing a director, Texas contracts Austin metals company to run their Gold Depository

While it took about two years to finally get the ball rolling after the state of Texas passed legislation to setup a gold depository back in 2015, that changed this week as movement towards opening the gold vault hit the fast track as the state has now selected both a new Director, and vendor to run the facility.

On June 14 Texas announced they are contracting Lone Star Tangible Assets to run the day to day operations of the state's Gold Depository, which will be a completely insured precious metals vault that will allow the state, municipalities, individuals, and businesses to buy and store gold and silver, and under certain accounts have access to it as if it were money regularly stored in a traditional bank.

Two years after Gov. Greg Abbott announced Texas would build the country's first state-run gold depository, the project took a major step forward Wednesday. 
Comptroller Glenn Hegar announced at a news conference at the Capitol that his office had selected Austin-based Lone Star Tangible Assets as the private vendor tasked with building and operating the Texas Bullion Depository. 
“The Texas Bullion Depository will offer Texas safe, fully-insured storage of precious metals providing an alternative to the depositories largely located in and around New York City,” Hegar said. 
The depository will store gold and other precious metals, allowing customers to open accounts and potentially pay for transactions with them. - Texas Tribune
Texas will now join Utah as the two primary states that have either a public or private gold depository, and the ability for individuals, businesses, and government agencies to store their wealth in physical gold while also having the power to use it the same as if it were cash deposits in a bank.

Wednesday, June 14, 2017

Congress submits bill making it illegal to hold cash, Bitcoin, or other assets outside of a bank without informing them in writing

Just as the War on Drugs was never actually about slowing down or stopping the import and use of illegal narcotics, so too was the spurious War on Terror not about stopping individuals or groups from inciting violence for political means.  In fact, we already know that U.S. agencies have funded, trained, and armed the very terror groups that are supposedly on the FBI's Terror Watch List when they supported them in the taking over of Libya, and in the attemp to take over Syria.

So the question then has to be asked... what are the purposes behind the ideological wars against drugs and terror really all about?  Well, since the real victims going back to the 1970's when the War on Drugs was instituted by President Richard Nixon have been the millions of Americans incarcerated for victimless crimes, and the billions of dollars seized without a trial in what is known as Civil Forfeiture, then it is fairly obvious who these wars were really focused against.

And since the advent of the Patriot Act, which hasn't stopped a single terrorist or terror event following the terror attacks on 9/11, the ability of Americans to do as they please with their own money has been stymied in the government's attempt to monitor and regulate every single transaction individuals choose to conduct.

However, with the rise of cryptocurrencies, and the new fears coming out that decentralized virtual money could actually start or magnify a financial crisis, Congress on May 25 has submitted a bill making it illegal, and placing individuals subject to asset confiscation and imprisonment, for anyone to have a medium size amount of cash, Bitcoin, etc... outside of a bank without telling the government how much you have, where you have it, and why you have it through the filling out of new Federal forms.

Recently a new bill was introduced on the floor of the US Senate entitled, pleasantly,
“Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017.” 
You can probably already guess its contents. 
Cash is evil. 
Bitcoin is evil. 
Now they’ve gone so far to include prepaid mobile phones, retail gift vouchers, or even electronic coupons. Evil, evil, and evil. 
Among the bill’s sweeping provisions, the government aims to greatly extend its authority to seize your assets through “Civil Asset Forfeiture”. 
Civil Asset Forfeiture rules allow the government to take whatever they want from you, without a trial or any due process. 
This new bill adds a laundry list of offenses for which they can legally seize your assets… all of which pertain to money laundering and other financial crimes.
Here’s the thing, though: they’ve also vastly expanded on the definition of such ‘financial crimes’, including failure to fill out a form if you happen to be transporting more than $10,000 worth of ‘monetary instruments’. 
Have too much cash? You’d better tell the government. 
If not, they’re authorizing themselves in this bill to seize not just the money you didn’t report, but ALL of your assets and bank accounts. 
They even go so far as to specifically name “safety deposit boxes” among the various assets that they can seize if you don’t fill out the form. - Sovereign Man

Kyrgyzstan is the newest country planning on creating a national gold backed cryptocurrency

The nation of Kyrgyzstan is quickly becoming one of the most important countries in the Eurasian sphere, as it is not only a part of the burgeoning Eurasian Economic Union (EEU), but they are also an important point along China's new Silk Road initiative.  And in preparation of their becoming a rising star for the future of emerging economies, the Prime Minister of Kyrgyzstan announced on June 14 that his nation in the process of planning for the creation of a gold backed sovereign cryptocurrency.

Kyrgyz authorities are preparing to release a national cryptocurrency. The ambitious project will engage the Russian company "crypto HH", which will become the main trader during the ICO (Initial Coin Offering - initial public offering cryptocurrency).Responsible for the project assigned to the local state-owned company "Trading House Kyrgyzstan", where the release of information has been confirmed officially. According to two sources close to the Kyrgyz government, the new cryptocurrency (its working title - GoldenRock) will be backed by gold. 
Kyrgyz authorities have decided to undertake the development of gold deposits, this state needs private investment. For quick money decided to release cryptocurrency - this is the first public project in the Eurasian Economic Community (EAEC). Each unit (a token) GoldenRock be backed by gold equivalent. The owner of the token after the development of the field will be able to exchange it for the metal. The decision of the exact value of the token is pending. - IZ

Gold and silver both spike higher on report of strong decline in retail sales leading into FOMC meeting

On June 14 the latest report on core retail sales was announced, and showed the largest decline since January of 2016.  And in addition, this drop in one of the economy's major indicators is providing the Fed an interesting dichotomy on the same day they are to announce the latest decision on whether to raise interest rates.
Headline retail sales tumbled 0.3% MoM in May, the biggest drop since January 2016 (and all the weather-related malarkey that was blamed on). 
Core retail sales also dropped the same... - Zerohedge

In response to this bad news for economic growth, gold and silver both spiked higher with the dollar falling over 50 bps back below 96 on the dollar index.



These strong moves in both gold and silver could be a prelude to even higher prices dependent upon the Fed's decision later today on whether to hike rates, leave them at current levels, or perhaps even to provide guidance that the central bank may be leaning back towards a policy of easing as economic indicators clearly point towards a slowdown if not outright recession.

Tuesday, June 13, 2017

Besides being a way for wealthy Asians to arbitrage currency, Bitcoin's most favorable customers may be those in the Pot industry

While many pro-Bitcoin advocates would like to tell the world that the hyper-sonic rise in value over the past five months has been primarily due to its growing popularity around the world, the fact of the matter is between 48-78% of all transactions for the cryptocurrency have taken place in South Korea, China, and Japan where wealthy Asians are using Bitcoin's ease of transferability to arbitrage the digital currency as a conduit to get out of their own sovereign fiat.

But there is actually one new and burgeoning industry that has taken Bitcoin to heart, especially since their access to normal banking systems has been restricted due to the Federal governments remaining stigma against their products.  And this is making entrepreneurs and business owners in the pot industry some of the most favorable customers of the cryptocurrency.

Cannabis companies are turning to the world’s most popular digital currency in an effort to get rid of all that cash. 
The inability to access traditional financial institutions is one of the marijuana industry’s biggest impediments. Legal cannabis was a $6 billion industry last year and is expected to grow to $50 billion by 2026, according to Cowen & Co. But because pot is illegal under federal law, big banks and credit-card companies steer clear. That’s forced most merchants to accept cash only, a logistical headache and constant security threat.  
Enter bitcoin, the cryptocurrency that consists of digital coins “mined” by computers solving increasingly complex math problems. At least two financial-technology startups, POSaBIT and SinglePoint Inc., use the cryptocurrency as an intermediate step that lets pot connoisseurs use their bank-issued credit cards to buy weed. - Bloomberg

Texas Gold Depository plans moving forward as state to create internal banking system where accounts are backed by gold

On June 12 the comptroller for the state of Texas finally named a head for its Gold Depository project and are in the process of finding a third party entity to run the new infrastructure.

The Texas Gold Depository will be something much greater than simply a state run institution to house gold and other precious metals.  It will be a way for other government agencies, corporations, and even individuals to both store gold, and then use that collateral like a bank account where they can draw and conduct financial transactions using the gold as if it were cash deposits.

Tom Smelker just became one of the most important men in Texas because he’s in charge of protecting the state’s gold. 
Texas Comptroller Glenn Hegar on Monday named Smelker, 63, a longtime comptroller employee, to oversee the soon-to-be-developed Texas Bullion Depository.
While it’s geared to give Texans a place to store precious metals, it’s not just for residents. 
Financial institutions, cities, school districts, businesses, individuals — even other countries — could do business there as well. And storage fees will be charged to generate revenue for the state. 
At the depository, Texans will be able to open accounts similar to checking and savings accounts at traditional banks — and monitor them online. 
People will be able to deposit gold and silver and use their account to make payments by using checks or electronic means. Many have likened the depository to a bank that doesn’t do any lending. – Star-Telegram
As trust in traditional banking begins to wane, especially in light of how leveraged fractional banking and central bank monetary policies have destroyed the purchasing power of the dollar, more individuals are looking for ways to store their wealth in hard assets like gold, but still be able to use it as money, just as America once did for the first 160 years.

Monday, June 12, 2017

Time to either be scared or ride the wave as Goldman Sachs and hedge funds now charting Bitcoin

Remember back so many years ago... like in 2010 and 2011 when Bitcoin was little more than a fringe idea left for anarcho-capitalists and hippies in New Hampshire to use as an underground means towards funding their online radio stations and Freedom Festivals?  Or when television shows like Almost Human referenced it as an alternative currency used outside the purview of the state?




My how times have changed in just a few short years, and now Bitcoin has become globally known as the easiest and safest way to transfer money without going through a bank or being monitored by the state.

Yet perhaps the biggest fear for the Bitcoin community is that either the banks themselves would seek to financialize the cryptocurrency for their own purposes, or governments would find it a threat to their hegemony and seek to regulate, restrict, or even outlaw it completely.  And one of these fears may be coming to pass as the most corrupt of the banking establishments has suddenly changed course and is covering Bitcoin for their clients and investors.
It's official: not only has bitcoin officially made its way to Wall Street, but confirming rumors that emerged over the weekend, "hedge" funds - starved of volatility in virtually all other asset classes -  are now not only actively trading the volatile digital currency, but as clients of the vampire squid, have petitioned Goldman's chief technician, Sheba Jafari to start covering it. 
In the report that Goldman released this afternoon ago, Jafaru concludes that "the balance of signals are looking broadly heavy" with the following view: "wary of a near-term top ahead of 3,134. Consider re-establishing bullish exposure between 2,330 and no lower than 1,915.
In other words, Goldman is bearish. Which probably means that bitcoin is set to make new all time highs shortly. - Zerohedge
For Bitcoin owners, they can only hope that simply charting and brokering Bitcoin for their clients is all that Goldman Sachs chooses to do, because if they come to the decision that the cryptocurrency is worthy of financialization, the get ready for a set of derivative products that will corrupt the natural pricing mechanism of Bitcoin the same way gold and silver are manipulated through paper futures trading.

Orocrypt ICO to be the next gold backed cryptocurrency as investors begin to demand resource backed virtual money

First there was OneGram, which was a gold backed cryptocurrency that spawned out of Islam's approval of gold investment through Sharia law financing.  And this was quickly followed up by ZenGold, which is a secular based cryptocurrency that will also be backed by physical gold.

Now on June 12 the country of Panama is jumping on board the growing demand of investors who want to get into cryptocurrencies, but are wary of virtual money that is backed only by 'Units of Electronic Work'.

As an investment, holding physical gold has always been troublesome. The fact that it needs to be stored in a safe place so that it can’t be stolen, misplaced or robbed has always been an issue. There is also the question of how to buy and sell gold with the assuredness that it is pure. Selling gold requires time, energy and effort and thus the liquidity of gold is certainly less than cash. 
Now, however, Panama-based company Orocrypt is creating a “crypto-alternative” that will enable easier trading, holding and investing in precious metals, including gold. 
Orocrypt is putting precious metals on the Blockchain 
Orocrypt is all set to launch an equity token followed by a gold token in October, where each token will be representative of 30 grams of LBMA quality gold. This token will be fully backed up by physical gold which will be stored safely and will be audited.
The token will not only be fully convertible into physical gold at the demand of the investor but also compatible with all Ethereum wallets. Orocrypt is, thus, bringing precious metals to the Blockchain. 
The company has built robust mechanisms surrounding this process with gold being stored at diverse geographical locations like the Cayman Islands, Switzerland, Liechtenstein and Hong Kong, and the auditing will be carried out by Société Générale de Surveillance SA. 
Orocrypt ICO all set to roll out 
The Initial Coin Offer (ICO) of the OROC token, which represents common shares in Orocrypt Inc. and gives the token holder rights and privileges akin to shareholders, will begin on June 14, 2017. Only 45 percent of Class A tokenized shares are being sold, so that means there are only 500,000 out of the total 1,112,000 tokens up for grabs.
The price of each share is €9 and these shares are of a non-divisible nature, which means that there will be no shares in decimal points. If during the token issue the investor funds sent to Orocrypt are in excess of multiples of nine, the fraction will be donated to certain charities. 
Investors are eligible for a five percent discount on the token price in the first week of the ICO, and in the second week, a two percent discount is available. – Coin Telegraph

Sunday, June 11, 2017

Investors betting heavily on gold price going both up and down leading into next week's Fed FOMC meeting

In the latest Commitment of Traders (COT) report, investors speculating in the paper gold markets are putting down massive bets both for and against the gold price leading up to next week's Fed FOMC meeting that could determine the next move in interest rates.

Bullish speculators increased their gold bets by the largest amount on record. 
Speculators betting on a gold drop also made large increased to their own positions. 
Next week's major event is the FOMC meeting and conference and we expect that Janet Yellen will offer investors nothing unexpected. 
Asian gold demand has been subdued with a large rise in May Indian imports that we expect will fall in June as jewelers de-stock. 
With expectations of a lackluster Fed meeting, we see no reason to change our short-term position and we expect gold and silver to follow current momentum downwards next week. 
The latest Commitment of Traders (COT) report showed a week of speculators jumping into gold on both the long and the short side. On the long side, we saw a massive gross increase in speculative longs as traders added more than 50,000 contracts on the COT week - the largest increase in our records going back to 2006! 
Shorts were not sleeping either, as they increased their own positions for the week by more than 10,000 contracts. After a strong start to the week and a rise close to $1300, gold ended the week on a three-day losing streak and down around 1% on the week - which matched our call for last week. Silver followed gold down for the week with a drop a little under 2%. – Seeking Alpha

Russia intrigued about using Ethereum platform to run its oil and gas industry

Over the past few weeks there has been a great deal of chatter regarding Russia's central bank looking into adopting its own sovereign cryptocurrency sometime in the future.  And while this topic had significant discussion during the recent St. Petersburg International Economic Forum (SPIEF), the reality is that the Eurasian power is much more intrigued in blockchain technology rather than in cryptocurrencies.

And even more specific... the Ethereum platform model, which according to a new report is being seriously looked at as a means to integrate Russia's oil and gas industry.

You’ve likely heard of Bitcoin as the future of money, but it is not the only cryptocurrency in the running for cashless economy dominance. The second largest among them is found on the Ethereum blockchain and is called Ether. One of the critical differences between Bitcoin and Ether is that while Bitcoin is first and foremost a currency, Ether, however, can be a platform for a variety of decentralized applications. In short, Ether can do much more than Bitcoin. 
The adaptive quality of the platform may be part of the reason why Russia, under President Vladimir Putin, seem to be showing great interest in Ethereum. Reporting from Bloomberg reveals that Putin has been thinking about digital currency. “The digital economy isn’t a separate industry, it’s essentially the foundation for creating brand new business models,” he said at last week’s St. Petersburg Economic Forum. 
Russia could be looking at Ethereum as a way to expand the country’s economic profile of fossil fuels with technology. Bloomberg’s Leonid Bershidsky suggests that Putin is “…under the impression that, to wean the country off its oil dependence, they needed a major leap in some specific area of technology that wasn’t yet dominated by Western, Chinese, or Japanese tech giants.” - Futurism