DARK POOLS: The Next Unregulated Bubble

The Day The Music Died…

In 1979, then Democrat President Jimmy Carter, flanked by a Democrat Congress chaired by Walter Mondale and Tip O’Neil, passed an SEC Regulation allowing what are known in Wall Street as Dark Pools.   Tip O’Neil was a major advocate of Universal Healthcare and Roosevelt’s New Deal. Mondale is still working for Dorsey and Whitney, a law firm in Minneapolis where Democrat Presidential candidate, Amy Klobuchar, is also employed.

This SEC pronouncement allows investors to anonymously purchase large blocks of securities actively traded on any exchange without the trade being listed. As such, the real price of any given stock is inaccurate and might not reflect the pooled purchase or sale for several days or more.   These ‘after hours’ trades are not public, are typically only available to select high wealth investors including banks and hedge funds, and are considered a stealth parallel to public exchanges while having far fewer regulatory and disclosure requirements.

Initially, they represented a minor force in the markets – roughly 2-3% of trades.  But the passage of the regulation has been the mainstay for banks and Wall Street to run amok.

Dark Pools are likely to be the next Financial Crisis.   Banks have already been cited and fined for fraudulent trading and misinforming clients, but they don’t care, the fines are a fraction of the revenues.

In 2007 as SIV’s (Structured Investment Vehicles) began to stumble invoking the Financial Crisis, Dark Pools began to grow substantially and are now thought to represent perhaps as much as 50% of market trading. Today most pools are owned by mega banks including; Deutsche Bank, JP Morgan Chase, Citigroup, Goldman Sachs, Credit Suisse, Bank of America, etc…

Having negotiated their way out of the price fixing Libor scandal of the 1990’s during the Clinton regime, banks then created the next buble, SIV’s, and when the banking crisis revealed the schematic fraud of SIV’s banks demanded bailouts, and Dark Pools became the nouveau riche fashion statement.

Today, banks actively trade their own and each others shares in massive Dark Pool bundles manipulating prices and using the shares as collateral for loans.   In essence an elaborate Ponzi scheme, but more importantly a vast money laundering platform as well.

Banks argue that Dark Pools are actually beneficial because fees are lower and all investors win… Except those who don’t have the billions it takes to become an investor.

By the end of 2008 when the bank collapse was at its height and the last SIV’s had shuttered, Dark Pools began to rise. With Bush’s Federal Reserve bailout funds of $700 billion authorized to get these poor banks back on track, they simply redirected the funds into a new Ponzi bubble paid for by US taxpayers.

Follow The Money.

IN 2000, Jeffrey Epstein became Director and Chairman of Liquid Funding Ltd, in partnership with Bear Stearns.   According to Paradise Papers, the partnership was registered in Bermuda and went out of business in 2010.  Liquid Funding was a SIV.

Bear Stearns was worth $20 billion before the Financial Crisis, within a few months that capitalization had tanked to $235 million when Chase Bank bought them March 2008.

It is likely Epstein’s wealth was dramatically affected during this time frame as well – of course at the heels of his initial indictment in 2006.

Of course, if banks are manipulating their own prices with Dark Pools, it goes without saying that equities are also onboard capitalizing on manufactured profits.

But all of this manipulation ultimately finds at its core The Federal Reserve.

In 2007, the assets of the Federal Reserve were valued at $869 billion – by 2017, those assets had risen to $4.5 trillion with the help of Ben Bernanke and Janet Yellen.   A rather remarkable feat created under the monetary policy of ‘quantitative easing’.  But it was the “Gramm-Leach-Bliley Act of 1999” that gave the Federal Reserve the authority to determine ‘appropriate’ financial activities for bank holding companies and member banks.   It was signed into law by Bill Clinton.

Gramm was a senior advisor to John McCain during his presidential run. Breaking ranks, Leach endorsed Obama with Madeleine Albright and was subsequently appointed to Obama’s 9th Chair for the National Endowment for the Humanities. Both Gramm and Bliley were initially Democrats.

It would appear that the Corporate world at large much approved of the deregulation imposed by the Chair of the SEC in 1979 – Harold M. Williams.   It is worth noting that the SEC is an independent agency within the federal government and as such operates outside the executive office of the President.   It was created as a part of Roosevelt’s New Deal.

The SEC and the Federal Reserve will often work jointly.

China and US Trade Alliance – Powerhouse!

The World Socialists are teetering precariously as their internal bastion of corruption leaks through Holland’s Dyke. 

France’s Macron is being splashed across European headlines as he touts a ‘European Renaissance’ amidst the crumbling infrastructure and political chaos that is devouring his own country.  The Deutsche Welle media outlet is spouting terminology such as ‘revival’ and ‘visionary’ to emphasize the greatness of what is essentially Macron’s EU Nationalism. The dirty word.   The core of Macron’s vision which isapparently ‘on everyone’s lips’ is …. drum roll… ‘Climate Change’.   The initiative?  A Climate investment bank.   Problem? There already is a Climate Investment Bank, it is called The Green Climate Fund which is administered by the UN.

Macron’s speech goes on to demand that the EU protect itself from US and Chinese competition through a Nationalized trade agreement, Aachen, between Germany and France.

Somehow the rest of the EU countries weren’t included in this EU vision.  Odd.

Canada’s Social darling Trudeau is embroiled in his own seascape of flooding waters as implications of bribery and corruption in a case between Trudeau, his government, and a company, SNC-Lavalin, unfolds.  Treasury cabinet Minister, Jane Philpott, has resigned her position stating the ‘current circumstances’ make her ability to defend the Cabinet ‘untenable’.

SNC-Lavalin paid bribes to the Canadian government in the form of illegal contributions in order to assure that the Canadian government wouldn’t prosecute them for paying bribes to obtain contracts in Canada and Libya.

This is how Socialism works in reality.

In the meantime, the US Socialist plant, Ocasio-Cortez, and her campaign manager, Chakrabarti, are being investigated for transferring $885,000 worth of campaign contributions to various self-controlled LLC’s through their PAC Justice Democrats.  Basically, it is a Ponzi scheme of moving money between various companies in order to evade FEC regulations concerning finance reporting requirements.  Oops.

Not only could this ‘arrangement’ result in significant fines, but jail time is also a possibility.

Socialism.  It is an art form.

Amidst the surge of socialist flooding, Trump continues to hold the helm toward Making America Great Again despite the media rhetoric and constant defamation.

Trump is doing what he does best – negotiating.  While the political purities who have no business acumen deride and find fault, they reveal their utter lack of understanding anything outside political bribery.

Trump is negotiating the deal of the century with China’s Xi Jinping.  This deal is revolutionary given China has never entered into a government modeled trade agreement with any nation ever.   It is considered one of the most legally complex negotiations in history and marks a true Champion of an alliance.  Aligning the world’s two largest powerhouses would in effect completely redefine the world.

The naysayers are squeezing through the thumbhole of the Dyke giving all sorts of explanations why the China-US trade deal is no big deal.   Shearing claims such a deal will not ‘jolt the global economy’.  And perhaps the key point is the term ‘global’.  True, it won’t benefit the EU.  It won’t benefit Canada.  But isn’t that the point?  Trump isn’t working to benefit the globalization globe, he’s working to benefit the US.  Period.

In addition, these naysayers are quick to point out that a deal hasn’t actually materialized yet.  Details are scarce.  And North Korea didn’t succumb to Trump’s demands.  Yet.

But if one reads inside the China landscape and the markets that have just now become significantly more positive, the wall would seem to have been razed.  It is a complicated lengthy process, but one that would see both sides working toward a new future.  And unlike the Iran deal, in which Obama gave Iran $150 billion without Congressional approval, China is a cutting edge economy rivaling the US for first place.    The Iran deal was basically a bidding war by European and US businesses to grow their economy while reaping profits.  It had no relative benefit to the US or the US citizens.  I wonder if Obama bought shares in some of those bidding companies?

China’s economy is worth $12,237.7 billion.  Iran’s economy is worth $430.7 billion, or 3.5% of China’s.

Figure it out.

Stock Market vs Wall Street

An interesting correlation has erupted as the stock market gets hit despite the US economy revving up to an all time high.   I reference a very insightful argument proposed by a site I hold much respect for, conservativertreehouse.com.   The article dissects the reasoning behind a re-balance, a shift, a draining, wherein the old school Wall Street that has ridden on mega-billionaires for decades is forced to actually re-create itself within the new realm of Truth.   Based on real market actions.

For decades, the Wall Street crown has bamboozled the people explaining away highs and lows, fluctuations and tankings, via a blithely fake amalgam of anecdotes that have become a joke.  “Market is down because of concerns…”  Market is up because concerns have been tabled…”, Markets are fluctuating because of concerns… Markets have stabilized as concerns are tabled…  The Federal Reserve has issued warnings….   The Federal Reserve has stated that growth will exceed.

As though these feral statements have any meaning whatsoever!

Because in reality – they don’t.  The movers are those who manipulate, they manipulate buys and sells, we are and have been at their mercy for decades.  There is no train to jump on, the train is a computer algorithm that can calculate a billion times faster than you.

And the market has been the core predicator of wealth – but not within a free society as we might envision, but instead within a manipulated train wreck.

When I was a stock broker in the Penny Stock Market, the manipulation was rampant and relatively quickly uncovered, the SEC shut down the firms and people went to prison.   We all shrugged at the idiocy of shutting down a small market while leaving the biggest perpetrator at large – Wall Street.

Thirty years later it didn’t get better, it simply became more dark.  Blackmail, sexual predators, sexual perversity, and Extortion – became the norm.

A few, have chosen to take their lives.  Other’s have had their lives taken from them, their spouse and children left desolate.

IN the end, they ultimately confront the same question – “Did I have a choice?  

I try not to judge. Everyone has a plethora of reasoning and justification, but in the end, there is a heart choice.   And that is where I call you.   What is the heart choice?

MIley Cyrus, Robert De Niro, J Lawrence, Fonda, Streep, Steisand, etc… they all had a choice.   They all could have supported those that suffered, they could have invested time, money, and effort.   But they ‘chose’ not to.  They Chose to instead to use their voices and Hollywood charm to malign and defame and infer fear.

And so, they revealed their alignment with Satan.

I will pull til death for those that have their heart in place and need help.   But for those who use their wealth to denigrate and demonize – I have no heart.  I do have sorrow.

Facebook: Zuckerberg Selling Off!

Facebook shares have been crashing… and Zuckerberg has lost $15-$16 billion… that is, according to the MSM.   But a quick look at insider trading reveals that in the last month he has divested roughly 100,000 more shares than he was granted – daily.   The price per share that Zuckerberg cashed in at – $209, $208 and $207.  Netting him roughly $20,800,000 per day – for 25 days or $520 million thru July 25th.  In addition, another 140,000 shares were granted and sold representing his daily ‘salary’ (he takes no actual salary) amounting to $29,120,000 for 25 days in July = $728 million.  That would mean his monthly pay for 25 days in July was roughly $1,248,000,000.   So is he really ‘losing billions’?  

He still holds roughly 14.3 million shares of Facebook… currently trading at $175 per share, the net value to him would be over $2 billion not including his daily acquisition of 142,500 shares.  And then, of course, is the Zuckerberg Foundation which sits on piles of money and does absolutely – nothing.

So, the news that poor Zuckerberg is losing his shirt is a bit short-sighted at best, and rather misleading by truth.  But it does sound good.  The truth is he has been divesting his shares for some time and pocketing the cash – most likely in an offshore trust.

In 2011, Zuckerberg owned 24% of Facebook shares.   At the time there were 2.74 billion outstanding shares.  That would mean that at that time Zuckerberg owned over 657 million shares.  How is that possible given today he owns a mere 14 million?  Unless the plan has been in the making for quite some time…

In another twist, in 2011, a Russian investment firm, Digital Sky Technologies, owned 10% of the shares.    DST was founded by an Israeli Russian, Yuri Milner, who also has stakes in Twitter, Google, Whatsapp, Snapchat, Airbnb, Spotify and Alibaba.  Today, Alibaba shares are ranked within the top 6 of most ‘shorted shares’.

Coincidence?

Twitter shares are also being pounded and the MSM is asking if this is the end of social media…  Of course there is always a back answer, a reason behind the curtain being manipulated by the Wizard of Oz!

Pundits who do little to no research are claiming that Twitter and Facebook’s financial results were ‘disappointing’.  But Twitter has been operating at a significant Net Loss for well over five years while each year that loss is lower than the previous year.   According to the Shareholder Report released for the second quarter of 2018, their year over year revenue increased 27% while expenses increased only 3% and total users were up 11%.

So what’s the beef?  Hardly disappointing news.

Facebook’s first quarter earnings report for 2018 revealed a 50% year over year increase in revenues, and a 63% increase in Net Income, with a 13% increase in active users.

Hardly the report of a dying company!

But apparently, that is what the MSM would have us believe. Why?   Because the purpose is to dissolve interest in a platform that is utilized to a wide extent by conservative bloggers.  Because demonizing these social media giants and inundating them in lawsuits will ultimately fray the conservative voice and give further rise to a Liberal monopoly.  Because Hillary is convinced that these platforms caused her to lose.

But if Zuckerberg has already divested most of his shares, is he really complicit in the tanking of Facebook?   Is he a part of the inner circle?   And are the allegations and lawsuits all a part of the sham to devour and censor the platform utilized by the voices of America?

Is Zuckerberg aiding in the conservative media censorship by destroying his own company?  If in fact he initially owned over 657 million shares and today that number is 14 million, wouldn’t that indicate a long term plan in the making whereby his profit was secured?

In the end, Zuckerberg is no poker player, his face tells the story, and his share holdings back up the agenda…  Tch. Tch.  The wolves are everywhere.

AMAZON: Tax Trouble = Fury and Fire

Jeff Bezos of Amazon fame has topped out as the richest Man on earth with a net worth of $112 billion. His closest competitors are Bill Gates at $90 billion and Warren Buffet at $84 billion.   Amazon has come under the grid by Trump for the fact that despite revenue of $177.86 billion in 2017 – it’s tax bill came to $-0-.   But it isn’t the first year that the retail Giant has paid little to no taxes, it has been the agenda of Bezos, a Hillary supporter and Democrat, since the early 2000’s.   And Trump is determined to redefine Bezos comeuppance.

In 2004, Bezos and a host of tax avoidance experts created Project Goldcrest in which a series of intercompany agreements effectively transferred intellectual property, licensing agreements etc… to a vast structure of subsidiaries thereby reducing their tax liability to $-0-.

Newsweek uncovered secret meetings between Bezos and EU Commissioner, Claude Juncker who was the former Prime Minister of Luxembourg, during which time a secret ‘sweetheart tax deal’ was created.   Since then, the EU has attempted to collect back taxes from Amazon in the amount of $14.5 billion. According to the Commission, Juncker granted Amazon a preferred tax rate that was not granted to any other business and had absolutely no justification.

Interesting that the same Juncker now heads the commission that is fining Amazon when he was instrumental in creating the loophole.

Last September, Amazon announced it was searching for a second US city hub to open shop, claiming that in so doing they would create 50,000 new jobs, and an economic windfall of upwards of $38 billion over a six year period.   As of January, Amazon released a list of 19 potential US cities and Toronto as candidates for their second hub. A bidding war has erupted as cities vie for the privilege of Amazon’s $0 tax base.

It isn’t just federal and state corporate taxes at stake, Amazon retailers sometimes forego collecting sales taxes as well, hurting the state income inflow that would normally be generated by malls and local retailers.   Developers are watching as mall development stalls and declines.   So, who is winning in the Amazon profile?   Bezos, obviously. In January 2013, Bezos net worth was estimated to be roughly $24 billion.   Growing 466% in 5 years has proven to be the Amazon tax loophole.

Bezos penchant for taxes is matched for his penchant for charity. To date, it appears that he has made two donations, one to Princeton for $15 million and one to the Museum of History and Industry for $10 million.   As a percentage of wealth, it is relatively negligible   Amazon’s Seattle Office Space is stated to include an area greater than 3.2 million square feet, and Bezo’s various homes boast anywhere from a piddling 10,000 square feet to upwards of 29,000 sq ft including 165,000 acres for his aerospace company in Texas.

It is of course not surprising, but rather inane, that two of largest media conglomerates, the New York Times and the Washington Post, which is owned by Bezos, would defy the obvious and claim that Amazon pays it’s fair share of taxes, ie payroll taxes, unemployment insurance, and those property taxes…   No mention of corporate or State Income taxes. Short term memory loss would conjure stories from the presidential campaign in which these same organizations demanded Trump keep the high tax bracket on corporations…   Oops.

Although Amazon averaged between 11% and 13% of all combined taxes from 2007 thru 2015, they weren’t the lowest. In fact, Facebook was the all time lowest positive contributor at 3.8%!   Google contributed roughly 16% and Apple 16.5%…   All lean Liberal, all promote heavy taxation as Democrats, all pay considerably less than even the S&P average of 26.9%.   The companies holding up their share include:   Lowes, CVS, Home Depot, Exxon Mobile, UPS, Starbucks, Walmart and Disney at 30.7% to 39.3%.

SHAME SHAME.

Germany: Imports and Exports with US

Germany and France have jointly stated that they will alter their own corporate tax rates in defiance of Trump lowering the US rate to 21%.   Currently, Germany’s average rate is about 38-39%, and roughly 33% in France. Turkey, Russia, the UK, and Switzerland all fall below the new US rate. So why would Germany and France really care?   Spain, Italy, Canada, Australia, The Netherlands, China, South Korea and Indonesia are already below the rates imposed by France and Germany. So what’s the big deal about the US lowering it’s rate?

Its a false perception.  Its news.  Its media bias.  And it creates divisiveness.

The EU, albeit Germany and France, are also screaming bloody bull because Trump has stated he is imposing tariffs on imports of steel and aluminum. But the US only imports 3% of it’s steel from Germany, most imported steel comes from Canada, Brazil, South Korea, Mexico, Russia, Turkey and Japan.

According to the Economic Policy Institute, “surging steel imports put up to half a million US jobs at risk.” With Trump promoting infrastructure spending, there needed to be in place some barriers that would force companies to buy American. During the Obama administration steel imports doubled.   Since 2000, US aluminum production has dropped 77%, and the world market share has dropped from 16% to less than 2%.   During the Obama administration imports rose roughly 80%.   By contrast, China’s production has gone from 11% to 53% and they represent the largest world producer.

Making America ‘competitive’ seems to go against the European model.

Opinions from Germany’s DW suggest that Trump is simply being ‘unfair’.   How dare Trump put the American people before Europeans!   Ranting on, the columnist declares that Trump is ‘anti-globalist’ and only cares about the US…   He then attacks the American steelmakers for not switching their focus to more specialized high-value steel. Again, why would Germany be so bent out of shape over a commodity that only represents 3% of all imported steel to the US?

Germany’s ‘slowest growing export is steel’ according to WETx.

The retaliation proposed by Merkel is set to include tariffs on blue jeans, bourbon and Harley motorcycles.   The EU is claiming that by Trump imposing these tariff measures on two items, steel and aluminum, he will be responsible for all EU countries retaliating…   Interesting. So, retaliation is not their fault?   If I steal your motorcycle and then you steal my car – are you not responsible for anything? It is a strange ethic to denounce the US and Trump because we are focusing on ourselves instead of them.

Germany represents only 7.9% of US exports and only 5.5% of the US imports.   The European Union accounts for 54-58% respectively of Germany’s trade.   Trade with the US is not substantial. Trump’s tariffs did not target the biggest exports of the EU, they targeted China. Had Trump wanted to hit Germany, he would have imposed tariffs on Germany’s largest exports: automobiles and machinery. He didn’t.

The largest importer of US Bourbon is Canada. The world’s largest exporter of jeans is China.   The largest exporter of motorcycles is China, followed by Japan, Germany, India, and Italy.   Harley Davidson has already been largely impacted by Japanese manufacturing. Their biggest market remains in the US, with the international market representing roughly 38% of sales including; China, India, Africa, Middle East, EU, and South America. They have been aggressively pursuing smaller bikes to accommodate a changing demographic, however the main motorcycle markets in the EU remain to be Vespa, Honda, Ride, Derby and KTM. The ‘total’ US market share of all motorcycles in the EU was 2.9% in 2011.

So why would Germany target these particular markets?

Maybe because Merkel felt obliged to give the appearance she was going to respond to the big meany Trump so as to continue the media promotion that he’s a big, bad meany guy who only cares about Americans and not Germans…  

Or maybe all the rhetoric coming out of the EU is simply BLATHER.

CRYPTO CURRENCIES: Let The Games Begin!

While the media is obsessed with Trump bashing, the world of business continues to turn. One such turn is cyrptocurrency which is smashing the markets right now and getting very little media attention that is positive. In fact, the major banking institutions missed the boat, and curmudgeons that they are, they are determined to ignore reality. And reality is:

Bitcoin – up 2125% in 12 months

Litecoin – up 9800% in 12 months

Ethereum – up 7266% in 12 months

And still! The major outlets either ignore these stats, or refuse to acknowledge that they happened and claim it is all a crash and die bubble.

Maybe. But – maybe not.

Some of the bigger companies already accepting Bitcoin include; Microsoft, Overstock, Subway, WordPress, Reddit, Expedia, Virgin Galactic, Wikipedia, etc… Russia recently announced that in response to the continued sanctions, they may team with Iran and Venezuela to drop the US dollar as their primary currency for trading oil and revert to cryptocurrency. They did not specify which one.

As of December 10th, futures trading on the Cboe Exchange was launched creating a frenzy of buys and sells. This is not for the faint of heart. When a correction occurs, which is frequently now, it easily shapes into a 20-25% curve. Exchanges crash temporarily unable to hold up to the massive volume, and the ride continues.

So why did the major banks and financial institutions avoid the crypto surge? The most obvious reason is because they don’t have control. It is outside of the Federal Reserve heavy hand, outside of government’s Big Brother hand, and thus a free reined Bronco!

In addition, the existence of money outside of cash may ultimately effect lending and mortgages as money can be made available through an open source peer to peer market without interference, or hefty interest rates.

More importantly, Cryptocurrencies undermine the Soros Cabal because they are no longer in control of the economy, the spending, and the flow of money. While claiming that cryptocurrencies promote money laundering, the truth is, money laundering is already well entrenched in the offshore banking industry in which Soros is well ‘funded’, avoiding taxes, and hiding – money. So the argument is relatively benign.

Cryptocurrency should be the story of the year, and yet the media is dragging it’s feet, and instead promoting stories in their Business Section like: Sexual Harassment and HR, St Louis Reconnects With The Gateway Arch, The Alternate Right Created A Parallel Internet, Will Robots Take Our Jobs, Alabama’s Election Reshaping Washington, Trump Escalates Criticism of Media, etc… BORING.

And the DOW went up .56%…

There are currently roughly 125 Hedge Funds investing in cryptocurrencies as of October. The top five crytpocurrencies now have a market cap of over $406 billion. DAILY trading volume of just the top five is well over $29 billion. But hey, this is just a bubble?

There are 1344 cryptocurrencies with more coming online as the concept of a free market explodes. Millennials are driving the trading as they pour every available dollar into what they see as ‘the future’.   And the codgers will be left behind because as currency trading shifts from standard currencies, the dollar, the Euro, the Yen will take a nose dive.

Futures trading will impact crypto trading simply because it offers the ability to short the market, something Soros may manipulate. In the meantime, CME, the world’s largest futures exchange is slated to launch futures trading in Bitcoin December 18th.   It is thought this will usher in the ETF’s and an entirely new platform of trading.

LET THE GAMES BEGIN!

BITGOLD: The Soros/Chase Connection

The extraordinary virtual reality of Bitcoin is so massively corrupted that agencies have no idea how to invade it’s cyber space.

We don’t know who created it, who developed the program, where, or when it was originated, and yet it has grown into a massive conglomerate of cryptocurrency without the traditional backing of gold. It is a bubble waiting to burst and yet no one could be held responsible because we don’t have a clue who is behind it…

Much like a virtual reality game, Bitcoin created it’s own language, cast, crew and dialogue:

You have Miners and Bitpay and Coinbase, software wallets, wallet stores, input owners, blockchains, network nodes, virtual ledgers, key holders, and transactions can occur as a representation of as little as one hundred millionth of a bitcoin.

It reminds me of the old game Simm City whereby a city would be created using computer software replete with houses, offices, skyscrpaers, garden, people, roads etc… A virtual city that you as the gatekeeper managed. Bitcoin is a virtual monetary unit and most likely was initially created as a – game.

For lack of an inventor, the name Satoshi Nakamoto was created for no other reason than to give reality to a nonexistent programmer. An institute was created in 2012 to give credence to the name. A foundation was developed. All under a ficticious name representing a virtual reality nonexistent product… What’s worse, this global scam has captivated hundreds of thousands of people into it’s web.

The underlying concept of Bitcoin is that it is decentralized, it has no Federal Reserve Bank as it’s third party vendor, and thus it is employed in a more free and open market. It is a world currency, which could translate as the basis of a ‘one world government’.   There are multiple fallacies within the concept;   1) someone(s) have to manage the ledgers, the computers, the programs, and the upkeep, 2)   if the ledgers are virtual, stored in a virtual node, hacking could bring about a complete failure of all transactions and ledgers, 3)   it’s value is artificially created, it has nothing to support it’s value other than a program created by a programmer who makes the stipulation and like the Wizard of Oz, becomes the absolute authority, and 4) there is no checks and balances, fraud, theft, collusion, manipulation, are all freely engaged.

All transactions are completely anonymous given that the both the buyer and seller users are identified only by a Bitcoin number. Tracing transactions is completely opaque which has given rise to its usefulness within the underworld, trafficking, porn and other criminal conduits. Few actual mainstream banking or investment houses will trade in this medium. In fact, JP Morgan CEO, Jamie Dimon, has recently declared that Bitcoin is a Fraud.  But there may be an ulterior motive…

Today there are roughly 16.5 million Bitcoins in circulation with a current value of roughly $3825; $63.1 billion float.

Gavin Andresen claims that the fake founder Nakamoto, handed him the power to manage Bitcoin in 2010. Andresen is a software developer whose claim to fame was 3D Graphics and online games for the blind. In other words, a brand new world currency that could revolutionize monetary policy was handed over to a guy who was working on a computer game… He is currently claiming to be ‘the developer’ of Bitcoin.

In 2016, Andresen publically announced that he was not the actual founder and programmer of Bitcoin, but that this title was conferred on Craig Wright. Oddly, it was later proven that Craig Wright was a fraud. So why would Andresen readily hand over his crown to someone he knew was a fraud?

Given that Andresen claimed to have worked alongside the pseudonym Nakamoto, he would be the only person to know who the real inventor was, and in deferring to Wright, that should have served as proof. But investigations by Wired and Gizmodo, claim their evidence proved Wright was a fake. Therefore we must also conclude that Andresen is a fake.  And as expected, Bitcoin is being set up to crash.  But not before a replacement has been created aka Soros and the Banking Cartel.

Think George Soros is out of touch?  The media would like us to believe so.  Tch-Tch.  Think again. BitGold, a Canadian startup is taking the virtual currency concept in a slightly different direction, using gold as the bit source, or node. Josh Crumb, one of the founders brags that he has some heavy weight investors including Alex Soros, son of George Soros.

In this scenario, the ‘physical gold’ is stored in Brink’s Vault. Sold on the NY Exchange under the symbol XAU, it is now considered the most popular gold exchange rate. And while the CEO of JP Morgan is claiming Bitcoin is a fraud, for the past two years JP Morgan Chase has been busily not only mining gold, but accumulating and hoarding physical gold and silver, all the while encouraging the use of digital currency… as in BitGold.

Who else is hoarding gold?  France, Germany, India, Norway, Switzerland, China and Russia.

Oh my, oh my.  Funny how that makes sense.