If for any reason the above Odysee Video doesn’t play smoothly for you, the back up YouTube version is here. In truth I doubt that any nation will 100% make Bitcoin their reserve currency. The reason may shock you but … Continue reading →
Modern ransomware has two dimensions: pay to get your data back, and pay not to have your data dumped on the Internet. The DC police are the victims of this ransomware, and the criminals have just posted personnel records — “including the results of psychological assessments and polygraph tests; driver’s license images; fingerprints; social security numbers; dates of birth; and residential, financial, and marriage histories” — for two dozen police officers.
The negotiations don’t seem to be doing well. The criminals want $4M. The DC police offered them $100,000.
The Colonial Pipeline is another current high-profile ransomware victim. (Brian Krebs has some good information on DarkSide, the criminal group behind that attack.) So is Vastaamo, a Finnish mental heal clinic. Criminals contacted the individual patients and demanded payment, and then dumped their personal psychological information online.
An industry group called the Institute for Security and Technology (no, I haven’t heard of it before, either) just released a comprehensive report on combating ransomware. It has a “comprehensive plan of action,” which isn’t much different from anything most of us can propose. Solving this is not easy. Ransomware in big business, made possible by insecure networks that allow criminals to gain access to networks in the first place, and cryptocurrencies that allow for payments that governments cannot interdict. Ransomware has become the most profitable cybercrime business model, and until we solve those two problems, that’s not going to change.
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.
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.
Today as I get ready to leave for a couple weeks I am running my presentation from John Bush’s D3 Summit a couple weeks ago. There is a new intro in it to explain why I am doing this and … Continue reading →
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.
Draeth Kata returns to TSP for another discussion about advances with Pirate Chain and its incredible recent surge in price. Draeth is an engineer by day, who also is a captain of Pirate Chain and President of the BPSAA. He … Continue reading →
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.
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.
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!
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 →
Okay the title is a little bit of click bait, but Mob Coin is a thing. This article is a slightly cleaned up version of a post I put out about it on MeWe, Flote and Gab today. Also please … Continue reading →
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 →
According to Wired, Signal is adding support for the cryptocurrency MobileCoin, “a form of digital cash designed to work efficiently on mobile devices while protecting users’ privacy and even their anonymity.”
Moxie Marlinspike, the creator of Signal and CEO of the nonprofit that runs it, describes the new payments feature as an attempt to extend Signal’s privacy protections to payments with the same seamless experience that Signal has offered for encrypted conversations. “There’s a palpable difference in the feeling of what it’s like to communicate over Signal, knowing you’re not being watched or listened to, versus other communication platforms,” Marlinspike told WIRED in an interview. “I would like to get to a world where not only can you feel that when you talk to your therapist over Signal, but also when you pay your therapist for the session over Signal.”
I think this is an incredibly bad idea. It’s not just the bloating of what was a clean secure communications app. It’s not just that blockchain is just plain stupid. It’s not even that Signal is choosing to tie itself to a specific blockchain currency. It’s that adding a cryptocurrency to an end-to-end encrypted app muddies the morality of the product, and invites all sorts of government investigative and regulatory meddling: by the IRS, the SEC, FinCEN, and probably the FBI.
And I see no good reason to do this. Secure communications and secure transactions can be separate apps, even separate apps from the same organization. End-to-end encryption is already at risk. Signal is the best app we have out there. Combining it with a cryptocurrency means that the whole system dies if any part dies.
This article was contributed by Future Money Trends.
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…
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:
- When gold comprises less than 5% of my net worth. That’s the most important rule of thumb (asset allocation balancing)
- When its price falls by 15% or more (buying the dip).
- When real interest rates are negative (a hedge against the cost of holding cash)
- When my allocation towards stocks is excessive (a hedge against expensive markets)
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).
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.
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.
A new monetary system, in which the few control the many, is a “high priority” for central bankers and the ruling class. With a digital dollar, humanity will be completely controlled, dominated, and enslaved in a system set up by psychopaths.
One of the best and easiest ways to control humanity has been by controlling what people can buy and sell, when, and in what quantities. With a digital dollar, the rulers can shut off your access to the pittance of universal basic income if you dare to step out of line and disobey your master. There will be no freedom if we allow the ruling class to institute a digital dollar.
But that’s a priority and all a part of the constant stimulus. They must first destroy your ability to make a living, then make you dependent on them. Once that happens, agreement to a digital dollar will be easy.
Federal Reserve Chairman Jerome Powell told Congress on February 23 that the board is looking carefully at issuing a digital dollar, calling it a “high priority” project. He cautioned, however, that “significant technical and policy questions” are related to such a move, according to a report by Coin World.
Cash now composes just 20.5% of all in-store payments globally, down by nearly a third from 2019, and it is expected to decrease further in the next few years. Part of this is people’s move away from centralized currency scams like the dollar, and into cryptocurrencies.
Powell said that since the dollar is the world’s reserve currency, the U.S. does not need to be the first to issue a digital currency, but to maintain the dollar’s status, it has “to get it right.” And by “get it right,” he means they need a propaganda campaign that will convince the slaves to go along with permanent shackles. From cradle to grave, they will own you (to an even larger extent than they already do) and sadly, most will be ok with it, as long as they get a meager cut.
Remember, globalist and Great Reset backer Klaus Schwab says “you will own nothing and you’ll be happy.” That’s because they don’t intend to ever give you enough to actually live on, leaving you on your knees begging for them to allow you to survive. For anyone who can see through the facade, this is truly a sinister plot, and if we ever expect our children and grandchildren to be free, we need to make sure we do not ever accept this outright enslavement of humanity.
Stay alert and prepared. Make sure you use discernment and continue to build your critical thinking skills. Nothing will be more valuable in the coming year.
When I talk about this concept due to modern political tribalism people instantly think democrat vs. republican. I can’t be more clear that is not what I am talking about. No I am talking about people who are technologically educated … Continue reading →
Money is something we are not taught about in school on any meaningful level and how could we expect otherwise. It isn’t like the average teacher has a clue about money, just listen to them talk about it and that … Continue reading →
Analyzing cryptocurrency data, a research group has estimated a lower-bound on 2020 ransomware revenue: $350 million, four times more than in 2019.
Based on the company’s data, among last year’s top earners, there were groups like Ryuk, Maze (now-defunct), Doppelpaymer, Netwalker (disrupted by authorities), Conti, and REvil (aka Sodinokibi).
Ransomware is now an established worldwide business.
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.
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.
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!
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.
Sal Mayweather is a practicing counter-economist, crypto-anarchist, & dedicated Rothbardian. He is the host The Agora podcast, publisher of The New Libertarian blog & CEO of Agoristics. Sal is an increadible guy, he is the host of “The Agora” his … Continue reading →
I am not going to lie, I was not all in or even in on Discord on my first pass. Setting up a “discord server” comes with some need of technical knowledge and it just looked like a pain in … Continue reading →
|via LiveFreeNow.show: In this powerful interview, John Bush talks to James Corbett of the Corbett Report to shine light on how COVID-19 has accelerated the insider’s plans to usher in a technocratic and authoritarian global government.|
Draeth Kata returns to TSP for another discussion about Pirate Chain. Draeth is an engineer by day, who also is a captain of Pirate Chain and President of the BPSAA. He was introduced into crypto in 2016 with mining, and … Continue reading →
The post Episode-2788- Draeth Kata of Pirate Chain Returns to TSPC first appeared on The Survival Podcast.
I did an episode of Miyagi Mornings this morning and it was on the rumor that Trump would roll out “Burdensome Crypto Wallet Rules“. I covered why that resulted in an almost 3,000 dollar drop in BTC pricing but why … Continue reading →