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!

Hijacking The News

I was trying to find “Economic News” worthy of the business world and was met with headlines discussing; a boxing match, the Trump pardon of Arpaio, the hurricane in Texas, a Supermodel, the richest in Hollywood, the finale to some TV shows, the eclipse, some fashion junk, and a whole lot of Trump that has absolutely nothing to do with the “economy”. And I thought – well, what IS HAPPENING with the Economy, because, you know, no one in the media world seems to be talking about it??

In fact, you know when Paris Hitler is the headline for Business and Economic News, we have truly, truly collapsed.

Instead, the headlines talk about the finale to Game of Thrones, the spending habits of someone I’ve never heard of and don’t care to know, investing for ‘beginners’ – as in really, how often must we bludgeon this topic? And then there are more talks of films, Blu-Rays, season finales, and film profits as though this is the dominant Economic News agenda…

And I want to throw up.

What became of the news of mergers and acquisitions? Of Interest rates and job markets? Of Big Pharma and banking derivatives? What is happening with oil and natural gas throughout the land grabs? The corrupted diamond industry? What’s going on with the housing market globally? With the UK fixed year leases? What’s happening with Greek austerity? Italy?   Is the National healthcare system in the UK collapsing still? Howabout Canada? What about the oil pipelines in the Middle East? Or the shortage of water in China?

Did you know that Amazon was gobbling up Whole Foods?

Or that Oregon was attempting to implement private gun confiscation?

Instead we are fleeced with headline after headline about – such topics as: the best places to be gay, behold our ‘child king’, Trump and the Babysitters, On Values, Trumps speaks for Himself, Will future Presidents attend Kennedy Center Honors, Bill Nye is suing, 7 questions for Game of Thrones,… until we are deluged in a tropical hurricane of mediocrity. And personally, I want to scream!

I don’t care!

Most people the media quote I have never heard of, most people they espouse haven’t been to college, the ‘facts’ are opinions, the ‘truth’ is conjecture, and the scream is reminiscent of Anthony Hopkins… one of the first psychotic slashers of the Hitchcock generation.  Help ME!

Perhaps one of the most offensive Economic headlines was: “Does this $400 hairdryer offend you?” NO, but the fact that it is a headline news feed – does! Don’t you have anything else to talk about?

Did you know that two former managers at the French bank Societe Generale have been accused of participating in a scheme to manipulate the global US dollar Libor benchmark interest rate? That this resulted in over $200 million in damages, as reported, which could effectively translate into billions in the real world? That I had to find this information from a Russian news site despite the fact that this occurred in the US, because the mainstream doesn’t want you to know…is non-existent?

Does it make it ‘fake news’ that it came from Russia? Does it make it fake news that it came from the US? Canada? UK?  Germany?

Let us not forget, Germany was the progenitor, the core, the instigator of – propaganda in WWI and WWII. Not Venezuela. Not China. Not Russia. Not Poland. Germany.   And so, why is it that we believe that now, today, somehow, they are the epitome of perfection and truth?

Because, the media tells us so.

And so, when perusing the news on your computer, you might want to ask, what is really news, and what is – Hollywood?  It would seem, the Hollywood has hijacked reality.  But maybe, just maybe, that is – the agenda…