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?

Showing posts with label regulations. Show all posts
Showing posts with label regulations. Show all posts

Friday, March 10, 2017

Bitcoin price flash crashes as SEC rejects application for a Bitcoin ETF

In a move that should have seen holders of Bitcoin rejoice rather than panic, the SEC on March 10 rejected the Winklevoss twins application to create a Bitcoin ETF, which would have seriously harmed the crypto-currency by financializing it under Wall Street control.

Yet because Bitcoin has become the primary crypto-currency of choice, easily winning out over other digital forms such as Etherium, Dash, and Monero, its volatility is extraordinary since it has already become partially financialized via Bitcoin exchanges.

And thus when the news broke we saw the price in USD fall nearly $300 down to $978.


After much anticipation (and a spike to record highs earlier today), The SEC has decided to reject the Winklevoss application for a Bitcoin ETF. 
The SEC premise appears to be the unregulated natuire of the underlying: 
Based on the record before it, the Commission believes that the significant markets for bitcoin are unregulated. 
Therefore, as the Exchange has not entered into, and would currently be unable to enter into, the type of surveillance-sharing agreement that has been in place with respect to all previously approved commodity-trust ETPs—agreements that help address concerns about the potential for fraudulent or manipulative acts and practices in this market - the Commission does not find the proposed rule change to be consistent with the Exchange Act. - Zerohedge
The irony is that Bitcoin should have gone higher rather than flash crash because supporters of the crypto-currency desperately want to keep it out of the hands of Wall Street, banks, and government regulators.  However, when we look at how activities taken by the Chinese government last month could cause the same type of volatility to the price of Bitcoin as today's ruling did, the question needs to be asked if the digital money has not already been corrupted to the point in centralization that it no longer provides the wealth protection and security that were the platforms that made Bitcoin unique.

Wednesday, March 8, 2017

The CME Group's leaving the London Silver Fix could forecast the end of silver manipulation by end of the year

Last Friday night we published an article on the bombshell news that the CME Group (Chicago Mercantile Exchange) and Thomson-Reuters was leaving their position as the platform for facilitating the daily 'Silver fix' for the London Bullion Market Association (LBMA).  But what was left out of this was why the two entities would choose to leave this obligation with two years still remaining on their contract.

Now on March 7, more pieces of the puzzle may be coming out as metals analyst Bix Weir came up with some further documentation of an event that is to take place on Jan. 1, 2018 which involves new regulations from the European Union that will make it harder to rig financial markets, including that of Libor, Forex, and obviously precious metals.

The European Commission proposed a draft Regulation “on indices used as benchmarks in financial instruments and financial contracts”(Benchmarks Regulation) in September 2013 in the wake of the manipulation of various benchmarks. On 24 November 2015, the European Parliament and the Council reached a preliminary political agreement on a compromise text of the Benchmarks Regulation, an agreement that was confirmed on 9 December 2015 by the Permanent Representatives Committee of the Council of the European Union. The European Parliament voted and approved the text of the Benchmarks Regulation in its plenary session on 28 April 2016. The Council adopted the same text on 17 May 2016. The text of the Benchmarks Regulation was published in the European Official Journal on 29 June 2016, and entered into force the following day. It is entering into application on 1 January 2018. - ESMA
It is the use of 'benchmarks' rather than having the market itself establish prices for gold, silver, and other assets that has allowed central banks and their primary dealers to manipulate nearly every market, and made price discovery completely irrelevant when it comes to determining the true value of a given asset.

Whether the sudden exit by the CME Group and Thomson-Reuters from their contract with the LBMA is due to recognizing that the writing on the wall for the ending of the manipulation of silver is still to be seen, but with new potential crises coming onto the scene in both Europe and the U.S.'s financial systems, the possibility that the central banks will soon no longer be able to rig asset prices could come as soon as the start of next year.

Thursday, June 2, 2016

China overtakes the U.S. as most competitive global economy

In their annual ranking for most competitive global economies, IMD announced on May 30 that China’s Hong Kong sector surpassed the United States on the list to move into the number one spot for 2016.
The U.S. had been number one of the rankings scale for the past three years, but massive regulation, higher taxes, declining infrastructures, and moves towards closed trade (TPP, TPIP) led to their dip down to number three behind China and Switzerland.
Top 10
Read more on this article here...