Categories
Bitcoin Colonial Pipeline confiscate Critical Thinking crypto-currency cyber attacks false flag FBI government is slavery Hackers Headline News Intelwars JBS Joseph Blount LIES Logic meat processing privacy keys ransomeware Research Russians wake up

Here We Go Again: JBS “Paid” “Russian” “Hackers” $11 Million In Bitcoin To Resolve “Ransomware” Attack

This article was originally published by Tyler Durden at ZeroHedge.

There was a moment of sheer hilarity earlier today when, during a Congressional Hearing, the CEO of Colonial Pipeline Joseph Blount took the merely farcical episode of the Colonial Pipeline ransomware hack – when, as a reminder, a ragtag band of elite “Russian” hackers somehow managed to penetrate the company’s cyber defenses but was so stupid it left most if not all of the $4.4 million bitcoins it demanded in ransom in an easily traceable address for the FBI to track down and magically confiscate (it is still unclear how the Feds got the private key to access the “hackers” digital wallet) in days if not hours – and elevated it to a level of sheer ridiculous absurdity when he told Congress that he didn’t consult the FBI before paying the ransom.

This, pardon the parlance of our times, is complete bullshit: either the CEO is lying or, worse, he is telling the truth and as some have speculated, he, the FBI, and the “hackers” are all in on this so-called ransomware breach…

… a scenario which for now is yet another “conspiracy theory” and which we expect will become proven fact in the usual 6-9 months.

Yet just a few hours later, the exact same ridiculous narrative meant to achieve just one thing – tarnish the reputation of bitcoin further to the point where the US has to ban it – has struck again, and according to the WSJ last week’s big hack, that of food processing giant JBS, was also resolved when the company paid $11 million – in bitcoin of course because in this day and age one can’t simply dump a suitcase full of cash or send a wire transfer to an incognito account – as ransom to the criminals (who will naturally soon be unveiled as Russians because of course) responsible for the cyberattack that halted the company’s operations.

Yes, if this story seems identical to that of Colonial Pipeline, up to and almost matching the demanded ransom amount, it’s because it is: so barren is the imagination of the administration’s narrative writers that they can only regurgitate the same old story over and over.

Naturally, and just like in the Colonial “hack”, the ransom payment, in bitcoin, was made to shield JBS meat plants from further disruption and to limit the potential impact on restaurants, grocery stores, and farmers that rely on JBS, said Andre Nogueira, chief executive of Brazilian meat company JBS SA’s U.S. division.

“It was very painful to pay the criminals, but we did the right thing for our customers,“ Nogueira said Wednesday. It remains to be seen if the JDS CEO, like his Colonial colleague, promptly transferred the bitcoin to the FBI’s hackers’ digital wallet without advising the FBI (first for the simple reason that the FBI already knew the crypto was inbound?)

The latest “shocking” attack on JBS has been part of a wave of bizarre incursions using ransomware, in which companies are hit with demands for multimillion-dollar payments to regain control of their operating systems. Some questions that remain unanswered is how the hell do these multi-billion dollar companies not have the most basic virus/malware protection to prevent some outsider –  be it a 13-year-old kid living in his mom’s basement, some Ukrainian hacker, or the FBI – from getting access to the company’s entire infrastructure and locking out the company itself.  And then, this genius mastermind(s) is so stupid, they have no idea how to cover up their traces and promptly hand over the cash to the Feds.

Even more grotesque is that, as the WSJ notes, the attacks show how hackers have shifted from targeting data-rich companies such as retailers, banks, and insurers to essential-service providers such as hospitals, transport operators, and food companies. Because apparently instead of spending $29.95 on an anti-virus program, these various companies used the cash to buy back stonk.

According to the WSJ, the FBI last week attributed the JBS attack to REvil, a criminal ransomware gang, which of course comes from Russia, because – again – of course. Nogueira said that JBS and outside firms are conducting forensic analyses of its information-technology systems and that it isn’t yet clear how the attackers accessed JBS’s systems.

What is clear is that in just a few days these crack Russian cyber commandos will have a few dozen bitcoins less when the FBI which organized the entire farcical affair confiscates it all.

And speaking of farcical, it gets even worse, because unlike the Colonial “hack” where the company lost all control over its infrastructure, in the case of the JBS hack, Nogueira said that the company maintains secondary backups of all its data, which are encrypted. Here things get downright surreal: according to the official narrative, the company brought back operations at its plants using those backup systems, but “JBS’s technology experts cautioned the company that there was no guarantee that the hackers wouldn’t find another way to strike, and JBS’s consultants continued negotiating with the attackers.”

So even though the company had regained control, it decided to… pay the hackers?

“We didn’t think we could take this type of risk that something could go wrong in our recovery process,” Nogueira said of the decision to pay the attackers. “It was insurance to protect our customers.”

Ah, yes. All for the customers.

Meanwhile here comes yet another hearing led by that crusader for governmental uber-regulation of everything, Liz Warren, who will demand even more crackdown on bitcoin because – you see – none of this would have happened if bitcoin did not exist.

Though maybe this idiotic narrative, which is so transparent those who conceived it should be ashamed, is no longer working because unlike in the case of the Colonial pipeline when news of the ransomware hack spread hammered bitcoin over fears of reprisals, this time the crypto sector has barely budged as even the weakest hands can’t believe just how stupid the official government narrative has become.

To this, the only possible conclusion is that yes, they really do think you are that stupid.

The post Here We Go Again: JBS “Paid” “Russian” “Hackers” $11 Million In Bitcoin To Resolve “Ransomware” Attack first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

Share
Categories
Bitcoin Cryptocurrency Currency Dogecoin Economy Intelwars

UK’s top central banker warns cryptocurrency investors: Be ‘prepared to lose all your money’

Cryptocurrency has been killing it lately.

As of Friday, the most famous digital currency, Bitcoin, was at $58,581, a jump of 2.6% from just a week ago. More impressively, it’s up 96% from a year ago, according to Fortune.

But Bitcoin isn’t alone. Ethereum is at $3,560, which is 28.5% higher than last week and a whopping 371% from this time last year.

Dogecoin, which was not meant to be a serious currency, is at $.61 — which doesn’t seem like much until you realize that it’s up 92.5% from a week ago and 12,718% year-to-date.

However, the most prominent central banker in the U.K. issued a warning to the world’s investors in the digital money, urging them to beware: The ride will be coming to an abrupt end, he believes.

What did he say?

Andrew Bailey, the governor of the Bank of England, said during a Thursday press conference that anyone invested in cryptocurrency should be ready to lose everything.

UAE news outlet the National reported that reporters asked Bailey whether his bank is concerned about “wild price swings in the cryptocurrency markets.” He answered, “I’m afraid they don’t have intrinsic value.”

He added that, though he sees no intrinsic value, there is still value placed on them.

“Now that doesn’t mean to say that people don’t put value on them because they can have extrinsic value,” Bailey told reporters. “But they have no intrinsic value.”

Then he issued a very clear, very brusque warning that crypto investors should be ready to lose their shorts.

“So, I’m going to say this very bluntly again; buy them only if you’re prepared to lose all your money,” Bailey warned. “I’m afraid currency and crypto are two words that don’t go together for me.”

Fortune noted that this isn’t the first time Bailey has cautioned about the future of cryptocurrency.

Back in January, Bailey told the World Economic Forum that today’s cryptocurrencies would likely not survive as a form of payment long term — though he did admit that digital innovation in payments is here to stay. The problem, for him, is that existing digital currencies can’t last in their current structure.

“Have we landed on what I would call the design, governance, and arrangements for what I might call a lasting digital currency?” he said to the WEF panel. “No, I don’t think we’re there yet, honestly. I don’t think cryptocurrencies as originally formulated are it.”

Despite Bailey’s objections, the Bank of England said in April that it would “join forces with the U.K. Treasury to consider creating its own central bank digital currency,” Fortune reported.

Share
Categories
anonymity Bitcoin Crime Cryptocurrency Dark web de-anonymization FBI Identification Intelwars tracking

Identifying the Person Behind Bitcoin Fog

The person behind the Bitcoin Fog was identified and arrested. Bitcoin Fog was an anonymization service: for a fee, it mixed a bunch of people’s bitcoins up so that it was hard to figure out where any individual coins came from. It ran for ten years.

Identifying the person behind Bitcoin Fog serves as an illustrative example of how hard it is to be anonymous online in the face of a competent police investigation:

Most remarkable, however, is the IRS’s account of tracking down Sterlingov using the very same sort of blockchain analysis that his own service was meant to defeat. The complaint outlines how Sterlingov allegedly paid for the server hosting of Bitcoin Fog at one point in 2011 using the now-defunct digital currency Liberty Reserve. It goes on to show the blockchain evidence that identifies Sterlingov’s purchase of that Liberty Reserve currency with bitcoins: He first exchanged euros for the bitcoins on the early cryptocurrency exchange Mt. Gox, then moved those bitcoins through several subsequent addresses, and finally traded them on another currency exchange for the Liberty Reserve funds he’d use to set up Bitcoin Fog’s domain.

Based on tracing those financial transactions, the IRS says, it then identified Mt. Gox accounts that used Sterlingov’s home address and phone number, and even a Google account that included a Russian-language document on its Google Drive offering instructions for how to obscure Bitcoin payments. That document described exactly the steps Sterlingov allegedly took to buy the Liberty Reserve funds he’d used.

Share
Categories
bartering Bitcoin Blue Lagoon Resources breakout Central Banks Copper Cryptocurrency Gold governments Headline News Intelwars mining Money Creation outlook Precious Metals protect wealth Rana Vig Silver SLAVERY stimulus trade

An Outlook For Gold

As we have noted, the Biden administration’s tax plan and the central bank’s modern monetary theory of creating as many dollars out of thin air as possible are setting up a “perfect storm” for precious metals, including gold. Physical assets are still a great way to protect your wealth and enhance your bartering power should the SHTF.

Talking about the outlook for gold and getting an update on Blue Lagoon Resources and the Dome Mountain project, Rana Vig, CEO of Blue Lagoon Resources tells us a bit about new news at his company, Blue Lagoon Resources. He also tells us what he thinks about gold prices and where we are in the market cycle, writes 2 is 1 YouTube channel. 

Rana Vig: Biden’s Tax Plan & The Central Bank Is Setting Up A “Perfect Storm” For Precious Metals

Gold and silver will continue to become more valuable as more stimulus is handed out. This is the “perfect storm” for gold and silver. Governments are going to continue to create more money and as it goes down, expect gold to go up to $7000, even, says Vig. It’s all perspective and timing.

Vig says he feels that cryptocurrency is here to stay, but so are gold and silver. People are stocking up on metals to protect themselves from a devastating economic situation that is coming down the road. Whether we see something happen this year, next year, or in the next few years, gold will be a hedge against government tyranny and an economic collapse that appears right now to be wholly intentional. -SHTFPlan

Vig also reminds listeners that copper is hitting new highs as well and could be a great option for ownership. Metals such as gold have been around as money for thousands of years and it has outlasted other government collapses. It is likely to do the same. As the currency continues to be devalued, gold will break out and surge higher.  Gold is about a long-term plan to protect your wealth, says Vig.

 

The post An Outlook For Gold first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

Share
Categories
Alipay Bitcoin charm cloud mining Cryptocurrency economic distress Financial Headline News hello app Intelwars mining money own mining rig PayPal stream tech hustler

Hello Pal App: Get Paid In Crypto To Stream? Is It Too Good To Be True?

A new app called Hello Pal claims to pay you in cryptocurrency to live stream. But is it too good to be true? And what’s the catch?

In the video below, Tech Hustler reviewed the Hello Pal Platform. The Hello Pal app is a live streaming app where you can earn hello pal’s cryptocurrency called “Charm” and trade it for Paypal, Bitcoin, or Alipay. Soon you will be able to purchase crypto mining rigs from hello pal and watch your earnings be added to your hello pal wallet every day.

This could be a way to make a few extra bucks on the side.  Even if you do earn some crypto, who says you can’t immediately exchange it for fiat dollars? You can also earn gift cards according to Tech Hustler.

The company’s stock has risen lately, meaning they could be getting more popular. (This is not financial advice, do your own research before you invest in anything.)

Through Hello Pal’s Crypto-Mining Service, you’ll be able to own or part-own cryptocurrency mining rigs (“miners”) and enjoy the experience and rewards of mining Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and Litecoin (LTC), all without the hassle of finding/acquiring a suitable miner, complicated hardware/software setup, expensive electricity bills, and endless maintenance!

Between Hello Pal and our strategic partners, we have over 40,000 miners that we are able to make available to you, so that you can own your own miner and start mining BTC, ETH, DOGE, and LTC.

You may have heard about Cloud-mining, where you rent cloud computing power to mine cryptocurrency. This is NOT cloud-mining.

Our service allows you to purchase your own specific miner and own it, so all the cryptocurrency mined from it belongs to you, and since you own the miner, you can transfer ownership of it, or even sell it back to us. As part of our terms of sale and service, your miner will be hosted and managed in our professionally-run mining facilities which enjoy first-class security and very low-cost electricity. –Hello Pal

Cryptocurrency could be the future. Who knows? And why not earn something to be on your phone?

Full disclosure: I have not tried this app yet, I just thought it may be an interesting way to earn something on the side considering the sad state of affairs the government has put so many in at this point in history.  Give it try if you’d like, and if not, at least you are aware it exists!

 

The post Hello Pal App: Get Paid In Crypto To Stream? Is It Too Good To Be True? first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

Share
Categories
Bitcoin Cryptocurrency Intelwars listener feedback Podcasts

Episode-2855- Listener Feedback for 4-12-21 – Crypto Edition

Time for another round table discussion. I have some announcements and some stuff that has just popped up today. I have some really great listener questions and feedback as well. Today we talk about cryptocurrency, investing, snakes, gardening, bee keeping, Continue reading →

Share
Categories
Bitcoin Blockchain Censorship Cryptocurrency free speech Intelwars Podcasts Social Media

Episode-2852- Nathan Senn on Social Media Freedom with DBuzz

Nathan Senn is 29 years old and grew up in El Dorado, Arkansas, United States. From the time he was six years old, he was already learning about computers and programming. In his early teen years, he dedicated his free Continue reading →

Share
Categories
Bitcoin central banking Cryptocurrency Dollar Economic Crisis Federal Reserve fiat currency free market Gold gold trade government regulation Headline News Intelwars Pay Off Debt Precious Metals rate hikes savings stimulus United States

NO RATE HIKES. GOT IT?

This article was contributed by Future Money Trends. 

One of Future Money Trends’ proudest moments in our newsletter’s history is covering the bullish case of Bitcoin when its price was $13/coin!

It’s been nearly nine years since, and Bitcoin is more relevant and important today than it ever was before.

Its technological adoption by the international community is now a thing of art.

Hype or not and government regulation or not, by this time in 2023, you’ll be seeing Bitcoin ATMs all around you and thousands of businesses accepting the cryptocurrency.

If anything can ever hope to materially change the currency ballgame and the dollar hegemony, it looks like Bitcoin would be it. Having said that, for Bitcoin to reach its reserve role will probably take 15-20 years to develop.

For now, the dollar is what we’re stuck with, unless you prefer one of the other fiat currencies…

 

Courtesy: Zerohedge.com

The global economy had plenty of chances to reinstitute gold as some sort of foundational part of its currency strategy. It has chosen not to do so, and there does not seem to be any strong political, academic, economic, financial, or regulatory will to advance any failsafe that includes it.

If you think about it, letting gold trade freely is actually in our best interest!

I like it when gold trades on the open market since I have an exact system for when to accumulate more ounces:

  1. When gold comprises less than 5% of my net worth. That’s the most important rule of thumb (asset allocation balancing)
  2. When its price falls by 15% or more (buying the dip).
  3. When real interest rates are negative (a hedge against the cost of holding cash)
  4. When my allocation towards stocks is excessive (a hedge against expensive markets)

Courtesy: Zerohedge.com

American consumerism is just not what it used to be!

The millennials saw the unfortunate problems endured by their parents in the 2008 Great Financial Crisis and they’re much more conservative in general.

They are even minimalists.

This fear of an overheated economy is really laughable.

The FED is not going to raise rates with unemployment rates for Asians at 6%, Hispanics at 7.9%, blacks at 9.6%, and whites at 5.4%!

Secondly, there are an estimated 1.6M job seekers who are actively looking and aren’t counted in the official numbers because of the way they are reported.

As you can see from the survey above, most Americans plan on saving their stimulus checks or paying down debt (80% of participants).

Courtesy: Zerohedge

Now, with the euphoria stage out of the way and options traders vanishing from the scene, if the CPI data doesn’t confirm a real threat of inflation (data comes out mid-April), we expect tech to continue leading for years to come.

Don’t be surprised to see rates continue to climb, but as we see it, the 85% rally in yields since the beginning of 2021 is overdone.

Gold has greatly suffered from this bond bear market in 2021. We believe that April might be the best time since June 2019 and March 2020 to own mining equities!

We’ll update on our highest-conviction ideas imminently!

The post NO RATE HIKES. GOT IT? first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

Share
Categories
Bitcoin Blockchain Botnets Censorship Cryptocurrency economics of security essays Intelwars Tor

Illegal Content and the Blockchain

Security researchers have recently discovered a botnet with a novel defense against takedowns. Normally, authorities can disable a botnet by taking over its command-and-control server. With nowhere to go for instructions, the botnet is rendered useless. But over the years, botnet designers have come up with ways to make this counterattack harder. Now the content-delivery network Akamai has reported on a new method: a botnet that uses the Bitcoin blockchain ledger. Since the blockchain is globally accessible and hard to take down, the botnet’s operators appear to be safe.

It’s best to avoid explaining the mathematics of Bitcoin’s blockchain, but to understand the colossal implications here, you need to understand one concept. Blockchains are a type of “distributed ledger”: a record of all transactions since the beginning, and everyone using the blockchain needs to have access to — and reference — a copy of it. What if someone puts illegal material in the blockchain? Either everyone has a copy of it, or the blockchain’s security fails.

To be fair, not absolutely everyone who uses a blockchain holds a copy of the entire ledger. Many who buy cryptocurrencies like Bitcoin and Ethereum don’t bother using the ledger to verify their purchase. Many don’t actually hold the currency outright, and instead trust an exchange to do the transactions and hold the coins. But people need to continually verify the blockchain’s history on the ledger for the system to be secure. If they stopped, then it would be trivial to forge coins. That’s how the system works.

Some years ago, people started noticing all sorts of things embedded in the Bitcoin blockchain. There are digital images, including one of Nelson Mandela. There’s the Bitcoin logo, and the original paper describing Bitcoin by its alleged founder, the pseudonymous Satoshi Nakamoto. There are advertisements, and several prayers. There’s even illegal pornography and leaked classified documents. All of these were put in by anonymous Bitcoin users. But none of this, so far, appears to seriously threaten those in power in governments and corporations. Once someone adds something to the Bitcoin ledger, it becomes sacrosanct. Removing something requires a fork of the blockchain, in which Bitcoin fragments into multiple parallel cryptocurrencies (and associated blockchains). Forks happen, rarely, but never yet because of legal coercion. And repeated forking would destroy Bitcoin’s stature as a stable(ish) currency.

The botnet’s designers are using this idea to create an unblockable means of coordination, but the implications are much greater. Imagine someone using this idea to evade government censorship. Most Bitcoin mining happens in China. What if someone added a bunch of Chinese-censored Falun Gong texts to the blockchain?<

What if someone added a type of political speech that Singapore routinely censors? Or cartoons that Disney holds the copyright to?

In Bitcoin’s and most other public blockchains there are no central, trusted authorities. Anyone in the world can perform transactions or become a miner. Everyone is equal to the extent that they have the hardware and electricity to perform cryptographic computations.

This openness is also a vulnerability, one that opens the door to asymmetric threats and small-time malicious actors. Anyone can put information in the one and only Bitcoin blockchain. Again, that’s how the system works.

Over the last three decades, the world has witnessed the power of open networks: blockchains, social media, the very web itself. What makes them so powerful is that their value is related not just to the number of users, but the number of potential links between users. This is Metcalfe’s law — value in a network is quadratic, not linear, in the number of users — and every open network since has followed its prophecy.

As Bitcoin has grown, its monetary value has skyrocketed, even if its uses remain unclear. With no barrier to entry, the blockchain space has been a Wild West of innovation and lawlessness. But today, many prominent advocates suggest Bitcoin should become a global, universal currency. In this context, asymmetric threats like embedded illegal data become a major challenge.

The philosophy behind Bitcoin traces to the earliest days of the open internet. Articulated in John Perry Barlow’s 1996 Declaration of the Independence of Cyberspace, it was and is the ethos of tech startups: Code is more trustworthy than institutions. Information is meant to be free, and nobody has the right — and should not have the ability — to control it.

But information must reside somewhere. Code is written by and for people, stored on computers located within countries, and embedded within the institutions and societies we have created. To trust information is to trust its chain of custody and the social context it comes from. Neither code nor information is value-neutral, nor ever free of human context.

Today, Barlow’s vision is a mere shadow; every society controls the information its people can access. Some of this control is through overt censorship, as China controls information about Taiwan, Tiananmen Square, and the Uyghurs. Some of this is through civil laws designed by the powerful for their benefit, as with Disney and US copyright law, or UK libel law.

Bitcoin and blockchains like it are on a collision course with these laws. What happens when the interests of the powerful, with the law on their side, are pitted against an open blockchain? Let’s imagine how our various scenarios might play out.

China first: In response to Falun Gong texts in the blockchain, the People’s Republic decrees that any miners processing blocks with banned content will be taken offline — their IPs will be blacklisted. This causes a hard fork of the blockchain at the point just before the banned content. China might do this under the guise of a “patriotic” messaging campaign, publicly stating that it’s merely maintaining financial sovereignty from Western banks. Then it uses paid influencers and moderators on social media to pump the China Bitcoin fork, through both partisan comments and transactions. Two distinct forks would soon emerge, one behind China’s Great Firewall and one outside. Other countries with similar governmental and media ecosystems — Russia, Singapore, Myanmar — might consider following suit, creating multiple national Bitcoin forks. These would operate independently, under mandates to censor unacceptable transactions from then on.

Disney’s approach would play out differently. Imagine the company announces it will sue any ISP that hosts copyrighted content, starting with networks hosting the biggest miners. (Disney has sued to enforce its intellectual property rights in China before.) After some legal pressure, the networks cut the miners off. The miners reestablish themselves on another network, but Disney keeps the pressure on. Eventually miners get pushed further and further off of mainstream network providers, and resort to tunneling their traffic through an anonymity service like Tor. That causes a major slowdown in the already slow (because of the mathematics) Bitcoin network. Disney might issue takedown requests for Tor exit nodes, causing the network to slow to a crawl. It could persist like this for a long time without a fork. Or the slowdown could cause people to jump ship, either by forking Bitcoin or switching to another cryptocurrency without the copyrighted content.

And then there’s illegal pornographic content and leaked classified data. These have been on the Bitcoin blockchain for over five years, and nothing has been done about it. Just like the botnet example, it may be that these do not threaten existing power structures enough to warrant takedowns. This could easily change if Bitcoin becomes a popular way to share child sexual abuse material. Simply having these illegal images on your hard drive is a felony, which could have significant repercussions for anyone involved in Bitcoin.

Whichever scenario plays out, this may be the Achilles heel of Bitcoin as a global currency.

If an open network such as a blockchain were threatened by a powerful organization — China’s censors, Disney’s lawyers, or the FBI trying to take down a more dangerous botnet — it could fragment into multiple networks. That’s not just a nuisance, but an existential risk to Bitcoin.

Suppose Bitcoin were fragmented into 10 smaller blockchains, perhaps by geography: one in China, another in the US, and so on. These fragments might retain their original users, and by ordinary logic, nothing would have changed. But Metcalfe’s law implies that the overall value of these blockchain fragments combined would be a mere tenth of the original. That is because the value of an open network relates to how many others you can communicate with — and, in a blockchain, transact with. Since the security of bitcoin currency is achieved through expensive computations, fragmented blockchains are also easier to attack in a conventional manner — through a 51 percent attack — by an organized attacker. This is especially the case if the smaller blockchains all use the same hash function, as they would here.

Traditional currencies are generally not vulnerable to these sorts of asymmetric threats. There are no viable small-scale attacks against the US dollar, or almost any other fiat currency. The institutions and beliefs that give money its value are deep-seated, despite instances of currency hyperinflation.

The only notable attacks against fiat currencies are in the form of counterfeiting. Even in the past, when counterfeit bills were common, attacks could be thwarted. Counterfeiters require specialized equipment and are vulnerable to law enforcement discovery and arrest. Furthermore, most money today — even if it’s nominally in a fiat currency — doesn’t exist in paper form.

Bitcoin attracted a following for its openness and immunity from government control. Its goal is to create a world that replaces cultural power with cryptographic power: verification in code, not trust in people. But there is no such world. And today, that feature is a vulnerability. We really don’t know what will happen when the human systems of trust come into conflict with the trustless verification that make blockchain currencies unique. Just last week we saw this exact attack on smaller blockchains — not Bitcoin yet. We are watching a public socio-technical experiment in the making, and we will witness its success or failure in the not-too-distant future.

This essay was written with Barath Raghavan, and previously appeared on Wired.com.

Share
Categories
bill gates billionaires Bitcoin Bubble crash dotcom era Economy financial boom financial media government is slavery Headline News Intelwars Jeremy Grantham Joe Biden Kamala Harris lost decade low yields Mainstream media markets microsoft money Nancy Pelosi Ray Dalio wake up Warren Buffett

BIDEN/HARRIS/PELOSI: FREE MONEY!

This article was contributed by Portfolio Wealth Global. 

One of the topics that we see coming up in the financial media is the fear of a lost decade ahead. I want to discuss this subject since we have an army of billionaires who are warning everyone that it’s coming. One common denominator of these billionaires is age: they’re all older and actually are well into their retirement years.

Ray Dalio, who has been sounding the alarm for several years (while missing out on Bitcoin and delivering sub-market returns), is 71-years-old.

Charlie Munger, who has now joined the chorus of value investing legends who proclaim that traditional P/E ratios are sensationally-high, warns that stocks will return very low yields for years.

Jeremy Grantham, a value investor worth billions, who correctly predicted many incredible price forecasts, is actually saying that today’s bubble is greater than the Dotcom era.

Charlie Munger is 97-years-old and Grantham is 82-years-old.

They all gloriously missed Bitcoin, while we highlighted the bullish thesis below $500/coin.

They have all missed the rise of the tech giants and they are all obsessed with valuing companies from one angle only.

Their angle, unfortunately, is quite flawed, especially if we take the last 15-20 years as a case study.

There wouldn’t have been any point, from the year 2001 until the present day, where the analyses they conducted on securities would have put Amazon.com on their radar!

That’s crazy!

Even if they look at some of the best-performing companies of recent years, their approach to investing is limited to what they’re accustomed to and they’d admit that they would not have purchased shares in it, retroactively.

Warren Buffett, who has been great friends with Bill Gates since the early 1990s, missed out on Microsoft!

My point is that today’s market is expensive in many regards, compared with history, since interest rates are super-low, but will higher rates really crash stocks beyond belief?

The reason investors sell out of stocks is because they can lend money to governments and corporations, a strategy that is considered to be of lower-risk and becomes more enticing if interest rates rise.

Under this Biden/Harris/Pelosi regime, the government plans to spend a whole bunch. They want to embark upon an infrastructure program worth anywhere from $2tn to $4tn. They want to keep helping families with children and eradicate poverty (well-intended, but impossible) and this costs money.

The philosophy behind it is that the government borrows at such low yields that the ROI today is attractive since the impact of these programs will result in wealthier generations in the future.

Government debt is one thing, but corporations, those that don’t get to print currency to pay for their grandiose ideas, owe a collective $10tn to lenders.

This doesn’t necessarily qualify as a bubble, but the risks here are huge.

The message I have for you is that the government under Biden/Harris plans on spending heavily. We don’t see any reason to believe government debt will have any insolvency challenges, but the likely damage in the corporate bonds market is colossal, should rates rise.

The next downturn will expose how bad things are, but I made sure that I own no company with a debt burden on their books, nor do I hold any security that relies upon financing to bankroll its business.

That debt cycle is a recipe for disaster and I don’t plan to dabble in it.

The post BIDEN/HARRIS/PELOSI: FREE MONEY! first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

Share
Categories
agenda artificial beast Bitcoin Bubble central banking control created Currency Digital Currency Financial System god's money Gold Headline News inflation Intelwars markets Money Creation rigged Silver wallets

SELL IT ALL!

This article was contributed by Future Money Trends.

As I scour the Web, I see two camps emerging. On one end are the inflation bubble believers, who trust only what they “can hold in their hand.” After 2008, they have fully developed the belief that the whole financial system is rigged and that it’s an artificial beast that will one day evaporate into thin air, just as “currency is printed from nothing.”

People who belong to this camp do not easily trust what they are told and want to stick with “God’s money,” which means gold and silver to them.

Its superiority over anything else is a given, in their eyes. The perspective they have is that markets go up because of currency printing and precious metals go down because of paper trading manipulation.

This camp does have offshoots, which you may find putting money into Bitcoin even though it is digital since it is outside of the banking system that’s controlled by Deep State governments in the West.

They dread the cashless society and have come to put no faith in the government to do the right thing.

This camp thinks of the elites as a group that works for itself using any and all means governmental, private, and quasi.

Although this camp is a clear minority, they pride themselves as being enlightened, calling the rest “a herd,” sheep that blindly trust Washington to tell them what to think.

The more I research their arguments, the more I see that this isn’t a small group.

In my opinion, this camp serves a great purpose: they put forth facts, theories, and opinions that are useful to keep others informed.

In the past year, though, we’ve also seen an avalanche of exaggerations and bullshit spread as if it was coming from this group in an effort to make bank from getting media attention to fears of grand-scale conspiracies.

It looks to me like some are utilizing and exploiting the deep-rooted mistrust in the elites to make eccentric claims.

I don’t like that and it only serves to defeat the purpose of exposing real controversies.

The watchdogs are now labeled as “fake news loonies” and that’s not what they are or what they stand for.

On the polar opposite of this camp are those that rely on the media and the establishment, not noticing that there’s a clear, purposeful, and distorted brainwashing propaganda initiative behind the mainstream press.

I’m astounded at most who make up this camp. The number of lies and deceitful activity, clandestine, and covert operations done in the shadows that have been fully exposed by supportive evidence is overwhelming.

The camp avoids the stock market altogether because they link the two worlds, that of the Deep State web of espionage and the collapse of the financial system, and would rather hold cash and gold in their portfolio.

To me, this is the travesty of the “sell it all” mentality.

In the past 40 years, since 1981, the S&P 500 index has gone from 133 points to 3,943 points. This represents an appreciation of 2,864%. At the same time, the NASDAQ composite has gone from 202 points in 1981 to 13,319 points in 2021, an appreciation of 6,493%.

Do I own gold? Absolutely. I believe that there are very few individual Americans that own a larger holding than mine. Do I own silver? Yes, I do. Do I own stocks and real estate? I absolutely do.

Though intoxicating and addictive, I choose not to connect how the world’s stock market behaves and how the government operates.

I look at facts and see that I want to own equities. Don’t hide from the world. Don’t think that only you can see the underlying truth and the rest are blind. I am not blind to the endless scandals out there; I just rose above it and decided that other people’s evil actions won’t shape my destiny.

 

The post SELL IT ALL! first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

Share
Categories
agenda artificial beast Bitcoin Bubble central banking control created Currency Digital Currency Financial System god's money Gold Headline News inflation Intelwars markets Money Creation rigged Silver wallets

SELL IT ALL!

This article was contributed by Future Money Trends.

As I scour the Web, I see two camps emerging. On one end are the inflation bubble believers, who trust only what they “can hold in their hand.” After 2008, they have fully developed the belief that the whole financial system is rigged and that it’s an artificial beast that will one day evaporate into thin air, just as “currency is printed from nothing.”

People who belong to this camp do not easily trust what they are told and want to stick with “God’s money,” which means gold and silver to them.

Its superiority over anything else is a given, in their eyes. The perspective they have is that markets go up because of currency printing and precious metals go down because of paper trading manipulation.

This camp does have offshoots, which you may find putting money into Bitcoin even though it is digital since it is outside of the banking system that’s controlled by Deep State governments in the West.

They dread the cashless society and have come to put no faith in the government to do the right thing.

This camp thinks of the elites as a group that works for itself using any and all means governmental, private, and quasi.

Although this camp is a clear minority, they pride themselves as being enlightened, calling the rest “a herd,” sheep that blindly trust Washington to tell them what to think.

The more I research their arguments, the more I see that this isn’t a small group.

In my opinion, this camp serves a great purpose: they put forth facts, theories, and opinions that are useful to keep others informed.

In the past year, though, we’ve also seen an avalanche of exaggerations and bullshit spread as if it was coming from this group in an effort to make bank from getting media attention to fears of grand-scale conspiracies.

It looks to me like some are utilizing and exploiting the deep-rooted mistrust in the elites to make eccentric claims.

I don’t like that and it only serves to defeat the purpose of exposing real controversies.

The watchdogs are now labeled as “fake news loonies” and that’s not what they are or what they stand for.

On the polar opposite of this camp are those that rely on the media and the establishment, not noticing that there’s a clear, purposeful, and distorted brainwashing propaganda initiative behind the mainstream press.

I’m astounded at most who make up this camp. The number of lies and deceitful activity, clandestine, and covert operations done in the shadows that have been fully exposed by supportive evidence is overwhelming.

The camp avoids the stock market altogether because they link the two worlds, that of the Deep State web of espionage and the collapse of the financial system, and would rather hold cash and gold in their portfolio.

To me, this is the travesty of the “sell it all” mentality.

In the past 40 years, since 1981, the S&P 500 index has gone from 133 points to 3,943 points. This represents an appreciation of 2,864%. At the same time, the NASDAQ composite has gone from 202 points in 1981 to 13,319 points in 2021, an appreciation of 6,493%.

Do I own gold? Absolutely. I believe that there are very few individual Americans that own a larger holding than mine. Do I own silver? Yes, I do. Do I own stocks and real estate? I absolutely do.

Though intoxicating and addictive, I choose not to connect how the world’s stock market behaves and how the government operates.

I look at facts and see that I want to own equities. Don’t hide from the world. Don’t think that only you can see the underlying truth and the rest are blind. I am not blind to the endless scandals out there; I just rose above it and decided that other people’s evil actions won’t shape my destiny.

 

The post SELL IT ALL! first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

Share
Categories
Bitcoin Central Banks Corrections Gold Harry dent Headline News Intelwars Market Crash markets One World Government pittance ruling class Silver slave state superbubble totalitarian control universal basic income

Harry Dent: “Nothing Will Save You” From The Upcoming Market Crash

Harry Dent, a best-selling author, is warning of a 40% market plunge in April.  Dent says “nothing will you save you” either, as gold, silver, and bitcoin will all go to zero.  Dent says central banks are losing control.

“The Fed is losing absolute control,” he tells our Daniela Cambone in this exclusive interview. While he argues that the crash will be the worst of our lifetime, Dent predicts that the ensuing depression will not be decades-long. The popular pundit also warns that there is nowhere to hide to protect yourself from this crash, “Nothing can save you, not Bitcoin, not gold.” Dent explains how he sees Bitcoin as a superbubble that will correct 95% and why gold will be heading back down to $1,000 an ounce.

 

This crash, when it does finally happen, will be the nail in the coffin of the United States dollar, that’s for certain.  The Federal Reserve (central bank) has already begun to acclimate the populace to the acceptance of a wholly controlled digital dollar tied to a social credit score, much like China’s.

Anyone who thinks the slave state cannot possibly get worse is delusional at best. It should be obvious to most by now that the rulers will not be loosening the chains.

Why Central Bank Digital Currencies Are a Bad Idea

Is Dent wrong? Maybe. Only time will tell. A crash is becoming more likely. We already know the dollar is toast and it is only a matter of time before the entire house of cards goes up in flames so the world can all be put on a pittance of universal basic income in exchange for their obedience to the totalitarian surveillance control state the elitists are building right now.

Prepare the best way you can and make sure you know certain skills, such as how to barter, hunt, fish, and forage.  Skills can never be confiscated.

The post Harry Dent: “Nothing Will Save You” From The Upcoming Market Crash first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

Share
Categories
Bitcoin Elon Musk Intelwars Tesla

Tesla makes huge investment in Bitcoin, will soon accept cryptocurrency as payment for its products

Tesla, Inc., the brainchild of entrepreneur Elon Musk, made a big splash Monday morning with a securities filing announcing that the company is investing $1.5 billion in Bitcoin and making plans to accept cryptocurrency in the “near future.”

The news was another major boon for the flagship cryptocurrency, which has seen prices skyrocket over the last year, as global fears about the stability of government-issued currency have intensified during the COVID-19 pandemic. In response to the news, Bloomberg reported that Bitcoin jumped another 16% to an all-time high of $44,795.20.

Tesla’s announcement lends additional legitimacy to cryptocurrency, which has recently shown significant signs of shaking legacy investor skepticism about its staying power. Other cryptocurrencies, including the farcical Dogecoin, have also risen in recent days and weeks as major businesses like Paypal and Square have announced that they will begin accepting Bitcoin as currency.

According to Tesla’s filing, “In January 2021, we updated our investment policy to provide us with more flexibility to further diversify and maximize returns on our cash that is not required to maintain adequate operating liquidity. We may invest a portion of such cash in certain alternative reserve assets including digital assets, gold bullion, gold exchange-traded funds and other assets as specified in the future.”

Tesla stock also rose slightly as news of the filing percolated on the internet, and many analysts predict that investors may reward Tesla for its willingness to diversify its cash holdings with cryptocurrency.

Share
Categories
Balance sheet Bitcoin central banking Chinese yuan create money Dollar Federal Reserve Fiat Gold Headline News inflation Intelwars Masters no value own it all owners Reserve Currency Russia Scam Silver slaves United States

The Dollar’s Reserve Currency Status Won’t Last Forever

This article was originally published by Doug French at The Mises Institute. 

The Federal Reserve and the confederation of central banks that follow Chair Powell and his lieutenants at the Eccles Building have flooded the world with fiat script which is only limited by Keynesians’ and modern monetary theorists’ imaginations. In this flurry of metaphorical printing, one country, Russia, has loaded its central bank balance sheet not with the speculation de jour, bitcoin, but instead with the barbaric relic gold.

Tellingly, Russia’s stockpiling began in 2016, and on the eve of the president’s departure from the White House, Vladamir Putin and Elvira Nabiullina, President of Russia’s central bank, had more gold than US dollars stockpiled.

Bloomberg reports, “A multi-year drive to reduce exposure to US assets has pushed the share of gold in Russia’s $583 billion international reserves above dollars for the first time on record.”

It’s no secret Mr. Putin initiated the strategy to “de-dollarize” Russia’s economy. The yellow metal is now the second-largest component of the central bank’s reserves after euros, which make up a third of its reserves. Chinese yuan reserves make up 12 percent.

Over two years ago Forbes compared the oil-producing state Texas to the oil-producing country. “Even though Russia has nearly five times as many residents as Texas, the Lone Star State’s economy is more than $400 billion larger. Texans, therefore, enjoy a gross domestic product (GDP) per capita of around $58,000, whereas Russians have one closer to $8,700,” wrote Frank Holmes.

In the same article, Holmes pointed out, “The Russian Federation is the largest single producer of crude in the world, pumping out 10.95 million barrels per day (bpd) in January, according to the country’s energy minister.” Until there is an EV (electric vehicle) in every American garage, Russia is not to be taken lightly.

Americans have benefited mightily by holding and trading with the world’s reserve currency, though most people haven’t given it a thought. No one remembers when the pound sterling held this distinction a hundred years ago.

“Reserve currencies are typically issued by developed, stable countries,” Investopedia.com. Developed? If you insist. Stable? Not so much.

“Reserve currency-issuing countries are not exposed to the same level of exchange rate risk, especially when it comes to commodities, which are often quoted and settled in dollars,” Investopedia explains. “Issuing countries are also able to borrow in their home currencies and are less worried about propping up their currencies to avoid default.”

Investopedia laughingly cites what it calls a drawback to the reserve currency, “Low borrowing costs stemming from issuing a reserve currency may prompt loose spending by both the public and private sectors, which may result in asset bubbles and ballooning government debt.” Sounds familiar.

In 2015, Patrick Barron wrote on mises.org,

Because of this money-printing philosophy, the dollar is very susceptible to losing its vaunted reserve currency position to the first major trading country that stops inflating its currency. There is evidence that China understands what is at stake; it has increased its gold holdings and has instituted controls to prevent gold from leaving China.

Russia has joined China.

Barron concluded, “If we abolish, or even lessen, legal tender laws and allow the process of price discovery to reveal the best sound money if we allow our US dollar to become the best money it can—a truly sound money—then the chances of our personal and collective prosperity are greatly enhanced.”

The Fed fiddles while the dollar burns.

The post The Dollar’s Reserve Currency Status Won’t Last Forever first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

Share
Categories
Bitcoin centralized banking COVID-19. scamdeic Economy elitists Federal Reserve government is slavery Headline News Hoax hyperinflation Intelwars Janey Whiteside Monetary Policy Money Creation plandemicm destroy the middle class political parasites Politicians POVERTY pyramid ruling class Statistics Sven Heinrich taxation is theft Washington wealth gap working class poor

“655 people have $4 trillion in wealth. 200 million can’t cover a $1000 expense.”

This article was originally published by Michael Snyder at The Economic Collapse Blog.

The COVID pandemic has caused the gap between the ultra-wealthy and the rest of us to grow larger than it ever has been before.  Thanks to the hyperinflationary policies of the Federal Reserve and our politicians in Washington, stock prices have soared to unprecedented heights in recent months.  This pushed the wealth of the uber-rich to dizzying heights, but for the rest of the country, 2020 was an unmitigated nightmare.

As I have discussed previously, one survey found that 2020 was a “personal financial disaster” for 55 percent of all Americans.  More than 110,000 restaurants shut down permanently last year, Americans filed more than 70 million claims for unemployment benefits, and tens of millions are potentially facing eviction in 2021.  But even though we are mired in the worst economic downturn since the Great Depression of the 1930s, those at the very top of the economic pyramid are laughing all the way to the bank.

Earlier today, I came across a tweet from Sven Heinrich that really struck an emotional chord with me…

655 people have $4 trillion in wealth.

200 million can’t cover a $1000 expense.

I certainly don’t have any problem with people gaining wealth by working extremely hard and making society a better place in the process.

But most of the people at the very top of the economic pyramid only increased their wealth in 2020 because the powers that be decided to open up the firehoses and rain obscene amounts of money on them.

That isn’t right.

As a result of the deeply flawed policies that were implemented because of the COVID pandemic, the gap between “gains in financial assets and the health of the economy” was the largest ever recorded last year…

But as stock market indexes staged a huge rebound from the lows seen in March when the pandemic first hit, the gap between the wealthy and the poor extended an already widening trend to historic proportions.

A report via BofA Global Research published on Friday notes that a measure of the differential between gains in financial assets and the health of the economy hit a record at 6.3X in 2020.

My regular readers are probably sick and tired of hearing me say that the stock market has become completely divorced from economic reality, and now we have a hard number which backs up what I have been saying all along.

As I write this article, the Dow is sitting just above 31,000, and that is utterly absurd.

If the Dow were to fall to 15,000 it would still be overvalued.

Meanwhile, a brand new survey has discovered that only 39 percent of all Americans “would be able to cover an unexpected $1,000 expense”

Just 39% of Americans would be able to cover an unexpected $1,000 expense, according to a new report from Bankrate.com.

That’s down from 2020, when 41% of people said they could cover a $1,000 cost with their savings.

If only 39 percent of Americans currently have enough money for such an unexpected expense, that means that 61 percent of Americans do not.

According to Google, the current population of the U.S. is 328 million, and 61 percent of 328 million is just over 200 million.

So that is where Sven Heinrich got that figure from.

200 million of us have so little money that we are just barely scraping by from month to month.

And according to one of Walmart’s top executives, many of their customers do not expect “any kind of speedy recovery”

Walmart Chief Customer Officer Janey Whiteside said Tuesday that many of its shoppers don’t expect the economy to quickly bounce back from the coronavirus pandemic.

Almost half of customers surveyed in November told Walmart that they were worried about the current health of the economy, she said when speaking at the virtual National Retail Federation conference. She said 40% said they didn’t expect “any kind of speedy recovery.”

Unfortunately, those that are pessimistic about how the U.S. economy will perform in 2021 are right on target.

It is going to be a very painful year.

Of course, it isn’t just consumers that are concerned about the year ahead.  Small business optimism is falling as well

A popular gauge of small-business confidence in the US sank to a seven-month low in December as stricter lockdown measures and climbing daily case counts cut into economic activity.

The National Federation of Independent Businesses’ index of small-business optimism fell 5.5 points last month to 95.9, according to a Tuesday release. The reading lands below the average index value since 1978 of 98 and marks the lowest level since May. Economists surveyed by Bloomberg expected the gauge to dip slightly to 100.2.

Americans generally tend to be quite optimistic about the future, but looking ahead there just aren’t any reasons to be optimistic about the U.S. economy in 2021.

The COVID pandemic continues to get even worse, new lockdowns have been instituted all over the country, our federal government is in a state of chaos, and there will inevitably be more rioting, looting, and civil unrest in the months ahead.

Plus, there will undoubtedly be some additional unexpected surprises that most people are not anticipating.

Before I wrap up this article, there is just one more thing that I wanted to mention.  A programmer in San Francisco named Stefan Thomas is the proud owner of 7,002 Bitcoin, but he can’t access his fortune because he forgot the password, and he only has two more tries before he is locked out permanently…

Take Stefan Thomas, a programmer in San Francisco, who told The New York Times that he has 7,002 Bitcoin tucked away — currently worth about $236 million, nearly a quarter billion dollars — but that he has no idea how to access it and can only guess two more passwords before being locked out forever.

Even setting aside the long term prospects for crypto, the key message of these horror stories is that taking digital finances into your own hands is a huge risk if you can’t manage your passwords.

Can you imagine how you would feel if that happened to you?

Sadly, it could be argued that essentially the same thing is happening to the nation as a whole.

America has “forgotten the password” to what once made us so great, and we are running out of chances.

Let us hope that we wake up before it is too late because time is not on our side at this point.

***Michael’s new book entitled “Lost Prophecies Of The Future Of America” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream, and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial, or health decisions.  I encourage you to follow me on social media on FacebookTwitter, and Parler, and anyway that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

The post “655 people have $4 trillion in wealth. 200 million can’t cover a $1000 expense.” first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

Share
Categories
Bitcoin control Cryptocurrency decentralized Economy Federal Reserve Financial Generation X Gold Headline News Home Ownership inflation Intelwars interest rates millennials money mortgage political overlords power rise up Silver SLAVERY Survive thrive

BITCOIN, GOLD, STOCKS AND TECH: 2021 SYNOPSIS!

This article was contributed by Portfolio Wealth Global. 

In 2020, prices of virtually all asset classes that we follow have gone up. We published five Watch Lists (1, 2, 3, tech, and 5), were bullish on gold, silver, and Bitcoin – which just hit a new all-time high of $27,000 – and bearish on the U.S. dollar, which is suffering from its worst year in a long time.

Due to money printing and lackluster global trade, the demand for dollars is weak. If global trade is slowing down, there’s not much need to buy dollars and, of course, if tourism is restricted, that is also a major headwind for dollar demand.

Courtesy: Zerohedge.com

In the meantime, if you’re a millennial or a Gen Z and are tying the knot or looking to own your home – since the government is willing to finance something in the order of 90% of it for 30 years at the lowest interest rate in history – you’re looking for any way imaginable to qualify and apply for a mortgage.

There’s literally no better deal in the history of deals than getting a mortgage for a home right now, which is the reason Portfolio Wealth Global believes that real estate prices, housing construction and the entire industry (as a whole) will continue to prosper, boom and employ Americans for years to come.

This year, the 30yr fixed mortgage hit sixteen weekly new lows, an annual record for the number of times it has done so in a single calendar year!

Next up Bitcoin; personally, I’d be cautious with Bitcoin. Portfolio Wealth Global first covered Bitcoin at well below $700, and over the years there have been opportunities to own it below $1,000 and $5,000, but its recent run is a testament to how fast sentiment changes with it.

We’re definitely cautious.

What about stocks? Are they in a bubble? Our answer may surprise you, but we’re bullish.

We’re actually about to release our sixth Watch List and do not believe there are many reasons to see a flat year in 2021.

Valuations are rich in some sectors and with certain names, but the world is dramatically changing and investors are betting heavily on the future. In other words, if you were waiting all of these years for the reset, you’re living through it.

It may not be just what you imagined, but these are pretty much the early stages of it.

Courtesy: Zerohedge.com

What about gold? Real rates bottomed right around the election and the vaccine announcement, and are headed in the direction of -1% and lower, which will send gold, in all likelihood, above $2,000/ounce in short order.

There are also clear signs of inflation, both with agricultural commodities, as well as with oil.

This is what the markets view as real-world inflation and our analysis is that 2021 will be better for silver than it will for gold. Both will do well (we forecast new all-time highs for gold), but with the right backdrop, silver could hit even $35 and $40!

Courtesy: Zerohedge.com

Clearly, the agricultural commodities have FINALLY bottomed after more than a decade and are on the rise.

If this trend is real, it will be impactful. Food and energy (oil is on the rise as well) are both items that people immediately sense in their pockets and connect with inflation.

Our conclusion is simple: it’s a recovery year, and people who are feeling the beginning of the end will rejoice and make decisions that will generate money velocity.

The post BITCOIN, GOLD, STOCKS AND TECH: 2021 SYNOPSIS! first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

Share
Categories
Bitcoin Economy Global News Intelwars

Top 100 Richest Bitcoin Addresses

Top 100 Richest Bitcoin Addresses#Bitcoinhttps://t.co/gPfFtI8bn4 — Infinite Unknown (@SecretNews) December 20, 2020 * * * PayPal: Donate in USD PayPal: Donate in EUR PayPal: Donate in GBP

Share
Categories
Bitcoin Bullish COVID-19 Cryptocurrency Debt dollar index Gold Headline News implosion Intelwars mining companies money negative rates Profits revenue rising scamdemic Silver stimulus value Worth

$1,750 Gold: BLOODY RATED-R SCENARIO!

This article was contributed by Future Money Trends.

Bitcoin is on a tear right now because major institutional investors are entering the sector. It’s not a bubble, but its price is nowhere near being considered a bargain. We remember when our newsletter discussed both Bitcoin and Ethereum. It was early in 2017 and Bitcoin was $400 to $500 and ETH was $12!

Back then, it was an opportunity of a lifetime, as it was after the 85% implosion that came. Right now, it could go much higher because the sentiment is mind-blowingly bullish.

While Bitcoin is experiencing record inflows, gold has been suffering from record outflows!

Investors believe much higher rates are coming, which will end the environment of negative nominal rates. This is detrimental for gold and silver, but this script, in which the economy is about to greatly recover in 2021 without further stimulus or additional monetization of the national debt, is unrealistic.

In the near-term, the trend is clear: gold is hated!

Courtesy: Zerohedge.com

Money has exited gold at warp speed. Notice, though, that the catalyst for this sell-off is vaccination news, which is not the main driver for buying or selling gold. In other words, what just occurred revealed to the market what price discovery is projecting if we factor out COVID-19’s vaccination catalyst. Even if gold falls further, hitting $1,750 as technical analysis suggests, it’s still an incredibly profitable industry, with a global AISC (all-in sustaining cost) of $975/ounce and no major discoveries in years.

In other words, this shakeout actually highlights the profitability of mining companies and the scarcity of gold. If spot gold does fall below $1,800, we’d get interested in purchasing.

An important point to keep in mind is that most analysts and investors use either $1,450 or $1,500 as their value for gold when they judge any gold or silver mining stock for their portfolio.

Even before this sell-off, the market is convinced that $2,000 gold is not a long-term target, which is more evidence that gold is not in a bubble at all.

Courtesy: Zerohedge.com

Gold’s severe sell-off comes because the notion is that interest rates are headed much higher, towards where they were before COVID-19, which is an interesting proposition since we believe that Washington will soon be forced into creating a massive stimulus package that investors are adamant about not pricing in.

We believe that the consensus of the market is mistaken. We not only assess that the USD is in a bear market, but that central banks are impatient about the gridlock in Washington and will be charging forward aggressively in order to “buy time” for politicians.

Courtesy: U.S. Global Investors

The use of debt is so alarming that it makes us wonder how anyone could save any significant sum in a fiat currency when it’s clearly a vehicle for wealth destruction.

In 2009, when gold peaked on November 2nd at $1,196, the markets also disregarded the metal, explaining that the worst was behind us. It retreated to $1,081 and stayed below its all-time high of $1,196 back then until April 2010, only truly breaking out again in July 2010. Said differently, it traded downwards and sideways for eight months. If we plot the same pattern now, its peak was on August 5th, which means that we should expect it to hit $2,000 again around the end of January but only truly break out towards March 2021.

Between now and then, we will present a number of companies to study and research because unlike with general equities, now trading at their highest-ever valuations, there are sensible multiples and speculative ideas in the mining sector.

Furthermore, we are also going to feature a number of compelling securities we ascribe a 5x to 10x potential to that are already GENERATING both REVENUES and PROFITS.

The post ,750 Gold: BLOODY RATED-R SCENARIO! first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

Share
Categories
ballots Bitcoin chaos counts COVID-19 Cryptocurrency Delusional democracy elections experts Forecasting Gold Government Intelwars markets plandemic propaganda Religion scamdemic selections Silver statism system. false Voting

ANY MINUTE NOW: Has Biden Won – VIOLENCE NEXT?

This article was contributed by Portfolio Wealth Global.

Lucy, you’ve got some ‘splainin’ to do! If these instances mentioned below even closely resemble reality, Biden’s victory lap is premature:

  1. A state stops counting and upon resumption, Biden’s tally surges.
  2. A USPS worker was arrested while bringing three absentee ballots from Canada into the U.S. – claims he took a wrong turn.
  3. Software glitches across the board. By the way, some of these software systems can be hacked online.
  4. Backdated envelopes.

For the sake of democracy and the American way, we hope these prove to be false or over-exaggerated, but we can’t deny that there are many Trump supporters who now doubt the official count.

When Trump tweeted “I WON THIS ELECTION, BY A LOT,” it took him four minutes to reach 40K likes. When he tweeted “Joe Biden should not wrongfully claim the office of president. I could make that claim also. Legal proceedings are now beginning!” he received over 600K likes. These represent probably 10% of the people who genuinely believe this election was not conducted fairly, so, in reality, we believe millions of Americans are now convinced these results to be real.

This may become a legal battle and I’m pretty sure that markets won’t like that in the least.

Courtesy: Zerohedge.com

As you can see above, the media, in our opinion, will begin to report that a massive third wave of hospitalization and death cases has begun. With the elections currently tilting towards Democrats, all fingers will be pointed towards Trump (perhaps globally).

Biden’s security has been greatly enhanced, with a wide no-fly-zone over his home.

Germany has openly condemned President Trump’s behavior as dangerous and within his own party, he is under pressure to concede and to hand over the baton.

I am going to keep you posted on developments, perhaps even on a daily basis, since circumstances are changing so quickly.

For now, let’s recap what we got:

  1. Precious metals enjoyed an historic week of gains.

  1. Bitcoin, a cryptocurrency that we mentioned and highlighted right here in this newsletter when its price was less than $600/coin is now worth $16,000. This represents a 26.6x appreciation!
  2. Societe Generale, a very famous French bank, has calculated that QE programs have suppressed interest rates in the United States by a dramatic number.

This, of course, has served to widen the wealth gap, bring about societal unrest and lead to a debt bubble.

Courtesy: Zerohedge.com

If bonds were not purchased by the Federal Reserve, they argue, the S&P 500 would be 1,800 points and the NASDAQ 100 would be worth around 5,000 points.

The proof is in the pudding.

  1. Lastly, because of the gain in the price of gold, which appears to have bottomed around $1,860 and silver, which appears to have bottomed just below $23.00, the sector has been recovering and mining shares are up noticeably.

The post ANY MINUTE NOW: Has Biden Won – VIOLENCE NEXT? first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

Share
Categories
ballots Bitcoin chaos counts COVID-19 Cryptocurrency Delusional democracy elections experts Forecasting Gold Government Intelwars markets plandemic propaganda Religion scamdemic selections Silver statism system. false Voting

ANY MINUTE NOW: Has Biden Won – VIOLENCE NEXT?

This article was contributed by Portfolio Wealth Global.

Lucy, you’ve got some ‘splainin’ to do! If these instances mentioned below even closely resemble reality, Biden’s victory lap is premature:

  1. A state stops counting and upon resumption, Biden’s tally surges.
  2. A USPS worker was arrested while bringing three absentee ballots from Canada into the U.S. – claims he took a wrong turn.
  3. Software glitches across the board. By the way, some of these software systems can be hacked online.
  4. Backdated envelopes.

For the sake of democracy and the American way, we hope these prove to be false or over-exaggerated, but we can’t deny that there are many Trump supporters who now doubt the official count.

When Trump tweeted “I WON THIS ELECTION, BY A LOT,” it took him four minutes to reach 40K likes. When he tweeted “Joe Biden should not wrongfully claim the office of president. I could make that claim also. Legal proceedings are now beginning!” he received over 600K likes. These represent probably 10% of the people who genuinely believe this election was not conducted fairly, so, in reality, we believe millions of Americans are now convinced these results to be real.

This may become a legal battle and I’m pretty sure that markets won’t like that in the least.

Courtesy: Zerohedge.com

As you can see above, the media, in our opinion, will begin to report that a massive third wave of hospitalization and death cases has begun. With the elections currently tilting towards Democrats, all fingers will be pointed towards Trump (perhaps globally).

Biden’s security has been greatly enhanced, with a wide no-fly-zone over his home.

Germany has openly condemned President Trump’s behavior as dangerous and within his own party, he is under pressure to concede and to hand over the baton.

I am going to keep you posted on developments, perhaps even on a daily basis, since circumstances are changing so quickly.

For now, let’s recap what we got:

  1. Precious metals enjoyed an historic week of gains.

  1. Bitcoin, a cryptocurrency that we mentioned and highlighted right here in this newsletter when its price was less than $600/coin is now worth $16,000. This represents a 26.6x appreciation!
  2. Societe Generale, a very famous French bank, has calculated that QE programs have suppressed interest rates in the United States by a dramatic number.

This, of course, has served to widen the wealth gap, bring about societal unrest and lead to a debt bubble.

Courtesy: Zerohedge.com

If bonds were not purchased by the Federal Reserve, they argue, the S&P 500 would be 1,800 points and the NASDAQ 100 would be worth around 5,000 points.

The proof is in the pudding.

  1. Lastly, because of the gain in the price of gold, which appears to have bottomed around $1,860 and silver, which appears to have bottomed just below $23.00, the sector has been recovering and mining shares are up noticeably.

The post ANY MINUTE NOW: Has Biden Won – VIOLENCE NEXT? first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

Share
Categories
Bitcoin Censorship central banking Commodities control speech controlled Crush the Street democracy Donald Trump Dou Casey election experts failures Forecasting gold mining stocks Government Greater Depression Headline News hopes Intelwars Joe Biden Kenneth Ameduri lied to monetary system Scam selection Silver social media giants third world country tracked United States

Doug Casey: “I Wonder If The U.S. Isn’t Devolving Into A 3rd World Country”

In an interview with Kenneth Ameduri of Crush the Street, infamous analyst, and author Doug Casey. Casey didn’t mince words and came down hard on the ruling class and the establishment terrorizing all of us.

Casey begins the interview by explaining that neither Donald Trump nor Joe Biden said anything of substance during the recent presidential debates. In fact, he wondered “if the U.S. isn’t devolving into a third world county” as the people put all of their hope and faith in the government on one side or the other.

Casey then touches on the subject of big social media giants and their censorship campaign.  He’s hoping that they [social media] are going to  “cut their own throats” by continuing to centralize power and attempt to control speech. He also makes the good point that without direct and indirect subsidies from the government these social media giants would be midgets.

“The Constitution is a dead letter,” says Casey. “It’s a document that exists, but it’s not observed.” He adds that he’s not a fan of democracy either “It’s two wolves and sheep deciding what to have for dinner,”  he says. “Democracy is mob rule dressed up in a coat and tie.”

Casy’s interview sheds light on the biggest problem we face today: politics. The government has initiated a power grab many have missed and even more people are unaware of. Our future is bleak if we continue down this path. The printing of money is going to be catastrophic, Casey says of our economic situation. We will see the destruction of the dollar.

Because of that, he’s staying away from all stocks, except gold mining stocks.

All of the awakening of the coming “Greater Depression” is forcing people to reevaluate central banking and control. This coming depression will be worse than the unpleasantness of 1929-1946, Casey adds.  And a lot of people are figuring it out and dumping the dollar for gold, silver, and Bitcoin.

 

The post Doug Casey: “I Wonder If The U.S. Isn’t Devolving Into A 3rd World Country” first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

Share
Categories
analysts Bitcoin buy the dip buying opportunity comin months Cryptocurrency Dow Jones Industrial Average Economy Emergency Preparedness experts Forecasting Gold Headline News Intelwars money managers NASDAQ Precious Metals Silver Stock Market

SILVER ON DEATH BED: Chopped And SLAUGHTERED!

This article was contributed by Lior Gantz with Wealth Research Group. 

September has been HARD to STOMACH; the NASDAQ 100, S&P 500, and the Dow Jones Industrial Average have all been THROUGH THE WRINGER. A proper correction is in place, just like we’ve been WARNING ABOUT since the end of August.

There are COUNTLESS money managers, who RETAIN THE VIEW that there’s so much more selling in the coming months that it is becoming apparent that we’re actually in a BUYING OPPORTUNITY.

I want to show you why I’ve been BUYING THIS DIP:

Courtesy: Zerohedge.com, @BearTrapsReport

As you can see, the NASDAQ 100 has seen its FAIR SHARE of big down days, but the trend is VISIBLY BULLISH; I don’t see a reason to believe that this index has entered a rough patch – the companies that comprise it are GROWING and this is normal action for the past two years.

This sustained bull market won’t go on WITHOUT VOLATILITY, though, since now there are hundreds of thousands, IF NOT MILLIONS, of new traders. That means QUICKER sentiment changes and people flipping ON A DIME.

I am staying focused on the big-picture FUNDAMENTALS, which are driving the BULL MARKET:

  1. Interest rates pegged to zero until 2023, if not longer.
  2. Massive hoard of cash on the institutional sidelines.
  3. An entire generation of investors is entering peak earning years, forming families, leaving their parents’ homes and buying homes of their own (millennials).
  4. Newly-found awareness towards gold, influenced by Bitcoin’s adoption.

Courtesy: Zerohedge.com

A RECORD AMOUNT of money has exited stocks in the past week, so if you’re STILL IN CASH, waiting for further discounts, know that you’re PLAYING WITH FIRE, since you may not get a chance to enter at a better price.

In Europe, where quarantines are being attempted again, the general population is LASHING OUT, letting politicians know that it’s time to learn to live WITH COVID-19, not to close everything down like in March and April.

The consensus towards accepting the fact that this pandemic will continue costing lives, but that there’s a NEED FOR BALANCE as well, is coming to the forefront.

You can save the people who are at risk by isolating only them, taking care of their health and well-being by various means, while the economy stays open.

The GDP shrinkage has been DEVASTATING for small businesses; I’m stunned at how households that have LOST EVERYTHING are behaving in a very civil manner, but I don’t expect this politeness to last much longer.

There are REAL VICTIMS here, financially speaking, who have lost their whole livelihood.

Courtesy: Zerohedge.com

The dollar index, which is going back up to JULY LEVELS (two-month highs), before gold’s and silver’s INCREDIBLE MOVES, is indicating that the euphoric mania of the summer has come to a close.

That doesn’t mean a new one isn’t starting, though.

In other words, buying certain stocks, after they’ve fallen by 20%-30% in ONE MONTH, isn’t a bad idea (maybe half a position).

Silver is the MOST SUSCEPTIBLE to the strength of the dollar; you can look at its chart and tell that a new POWERFUL RALLY could spark shortly:

Courtesy: Zerohedge.com

In March, after a similar-sized clobbering, it proceeded to DOUBLE in five months!

I’m not sure that’s in store right now, but I do know we were probably handed an opportunity that will not REPEAT ITSELF too often.

The trend hasn’t changed: negative rates, no sign of higher bond yields, and perhaps even INFLATIONARY PRESSURES. Gold and silver have a long racetrack in front of them.

The post SILVER ON DEATH BED: Chopped And SLAUGHTERED! first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

Share
Categories
Bitcoin Capitalism Central Banks Commodities Corporations Cryptocurrency Economy Emergency Preparedness enslavement experts Fascism Federal Reserve freedom gold standard Government Headline News Intelwars liberty old Precious Metals prices Robert Kiyosaki Silver Socialism TOTALITARIANISM United States Wealth

Robert Kiyosaki: American Is Headed For Totalitarianism

Author Robert Kiyosaki, who wrote the book Rich Dad, Poor Dad says the United States is headed for totalitarianism and that he wants to flee the country with his gold. American is already fascist, regardless of opinions on the matter.

Fascism is the merger of corporations and the government, while totalitarianism is a complete subservience to the state. We are the crossroads of both, to be honest. And the faithful sheep who serve the state and the banking cartel will dutifully go vote in November for a puppet who has already been chosen by the Federal Reserve to complete the enslavement of mankind.

In an interview with Kitco, Kiyosaki explains that Americans have almost lost every smidge of liberty that their ancestors had. “The freedom of speech is gone. Freedom of speech, freedom of assembly, and also the freedom of religion,” he said.

Kiyosaki has prepared for a time when he would have to leave the U.S., he said, by holding safe-haven assets like gold and silver. “Way back when I started storing gold in Switzerland and in Singapore, so in case I had to run, plus I had different passports. Gold and silver are flight capital, and as you know, the only people making money today in America are moving vans,” he said.

Regardless of the price of gold, whether it’s $1000 or $15,000, Kiyosaki says he will continue to buy more because it’s one way to protect yourself from the central banks. Kiyosaki wants to remind people that he fought for capitalism, not socialism. But the U.S. is becoming Marxist quickly.

He added that bitcoin also qualifies as a safety asset because it’s “international currency; it operates outside the Fed and the Treasury. Kiyosaki says he holds gold because it’s “God’s money” and Bitcoin because its the “people’s money.”  He seems to be attempting to remove himself from the system of enslavement set up by the Federal Reserve.

 

 

Share