Tuesday, January 30, 2018

A Year of Russian Collusion

Obama’s first year was a golden period for Russia because he didn’t believe in national interests. Trump does. The left inevitably accuses the right of its own sins. Trump didn’t collude with Russia. Obama did.

Greatest Moments In Profit Taking History...You Were Warned

  • Household net worth (value of all assets held) as a percentage of disposable personal income (all sources of income minus the tax paid on that income).
  • Personal savings rate (the amount remaining from disposable personal income, after all expenditures, that is available to be saved in a bank and/or 401k / IRA, etc.).
...accelerating significant dives in the personal savings rate have preceded each crash in asset prices.

Thursday, January 25, 2018

Ray Dalio Slams Mnuchin's Dollar Strategy


'Perfect storm': Global financial system showing danger signs, says senior OECD economist

I've been ringing the alarm bells for years about the compounding debt trap that central banks have boxed themselves into.  Now a central banker is echoing those same concerns.

Central banks are now caught in a "debt trap". They cannot hold rates near zero as inflation pressures build, but they cannot easily raise rates either because it risks blowing up the system. "It is frankly scary," said Prof White.

Tuesday, January 23, 2018

An Amazon coin? Amazon.com registers cryptocurrency domain names

Any cynics still believe blockchain technology is a mirage?  Guess again.


Amazon.com registered three domain names yesterday related to blockchain and cryptocurrencies: amazoncryptocurrencies.com, amazoncryptocurrency.com and amazonethereum.com.

The domain name registrations might suggest that Amazon is getting ready to do something on the Ethereum blockchain or release its own cryptocurrency.

US Gold Reserves, Of Immense Interest to Russia and China


Saturday, December 9, 2017

New CME Bitcoin Futures And The Goldman Sachs Connection

Many Bitcoin zealots enthusiasts correctly believe Bitcoin futures contracts trading at the CBOE and CME would be a boon for Bitcoin.  Indeed, the price of Bitcoin has soared since the announcements, as front-runners have been driving prices up in anticipation of the exchanges trading Bitcoin futures December 11 and December 18, respectively.  But what Bitcoin cultists don't understand is that these same vampire squid bankers who have been manipulating and suppressing commodities prices (especially precious metals) now have the opportunities (and leverage) to apply the same suppression schemes on the price of Bitcoin.  They will short and crash Bitcoin.  Satoshi is rolling over in his Bitcoin nirvana.

Early adopters who got in at lower levels should be able to ride out the rollercoaster.  But Johnny-come-lately's with weak hands who sell at the faintest signs of weakness will get slaughtered.


Walking Into Armageddon


Saturday, December 2, 2017

Tuesday, November 21, 2017

These Doomsday Preppers Are Starting to Switch From Gold to Bitcoin

Again, it's always prudent to spread out one's currency risk, whether conventional or alternative.

An all-in approach may reap spectacular returns short-term (e.g. Bitcoin), but could prove catastrophic long-term (e.g. USDollar).

Another point to note is how crypto-currencies can be used by financial media to slam gold, the ultimate store of value, even if it's not an ideal medium of exchange.