Cryptocurrencies And Avoiding The "Poof Moment"…

Cryptocurrencies And Avoiding The "Poof Moment"…

by Bill Holter, JS Mineset:

I have been asked my opinion regarding cryptocurrencies. Let’s start by saying I have no doubt within only a short time, “crypto currencies” will be issued and embraced by central banks. This is not to say I am endorsing Bitcoin, Ethereum or any other digital currency. It is even possible that not a single existing crypto will exist when central banks finally make their leap.

issuing and embracing cryptos make total sense from the standpoint of central banks for several reasons. First, what crypto bulls consider as “privacy” today, central banks will see as “total knowledge” if they are the issuer. This will mean total knowledge of all transactions which also means a near impossibility of any tax evasion even down to the lemonade stand (assuming you have your lemonade permit!). Also, if central banks issue the crypto currency…you can pretty well bet they will also have a back door …that allows them to either freeze or even empty “your vault” of digital coins…whenever or for whatever they choose.

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Who Rules America?

Who Rules America?

by Prof. James Petras,  Global Research:

In the last few months, several competing political, economic and military sectors – linked to distinct ideological and ethnic groups – have clearly emerged at the centers of power.

We can identify some of the key competing and interlocking directorates of the power elite:

1. Free marketers, with the ubiquitous presence of the ‘Israel First’ crowd.

2. National capitalists, linked to rightwing ideologues.

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Satanic Fashion Show Inside a Church at London Fashion Week

Satanic Fashion Show Inside a Church at London Fashion Week

from Vigilant Citizen:

Turkish designer Dilara Findikoglu’s presented her Spring/Summer 2018 collection at London Fashion Week and it was nothing less than a satanic Black Mass. Indeed, the event took place at the altar of St Andrew Church in London and incorporated heavy occult and satanic symbolism. In short, the event summed up everything the fashion world is truly about.

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Toys ‘R’ Us Bankruptcy: Another Wall Street Debt Slave Falls

Toys ‘R’ Us Bankruptcy: Another Wall Street Debt Slave Falls

by Pam Martens and Russ Martens , wallstreetonparade:

The year 2017 is likely to be remembered for devastating hurricanes and storm surges, waves of retail bankruptcies amidst record-setting household debt and a stock market that carelessly sailed through these dangerous waters to record highs.

Toys ‘R’ Us was the latest in a growing string of retail bankruptcies to hit the mat last evening. Its bonds have been telegraphing trouble for some time, with one bond due next year careening from 97 cents on the dollar to 22 cents in a little more than two weeks. On September 6, Wolf Richter at WolfStreet.com provided the short narrative of how Toys ‘R’ Us found itself driving toward the ditch. Citing its leveraged buyout in 2005 by private equity firms Bain Capital, KKR & Co. and real estate firm Vornado Realty Trust, Richter wrote:

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At Least 139 Dead, 60 Pulled Alive From Rubble After Powerful Earthquake Rocks Central Mexico

At Least 139 Dead, 60 Pulled Alive From Rubble After Powerful Earthquake Rocks Central Mexico

from Zero Hedge:

Update 9 (9:10 pm ET): The head of Mexico's National Civil Defense agency says the death toll from a major earthquake that rattled the center of the country has reached 139.

Luis Felipe Puente said 64 people had died in the state of Morelos, just south of Mexico City, though local officials reported only 54.

In addition, 36 people died in Mexico City, 29 in Puebla state, nine in the State of Mexico and one in Guerrero.

Update 8 (7:15 pm ET): Death toll from Mexico earthquake now at 119, according to state and city officials.

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Moscow Unveils A Monument To Kalashnikov, The AK-47’s Designer

Moscow Unveils A Monument To Kalashnikov, The AK-47’s Designer

by Mac Slavo, SHTF Plan:

A brand new statue of Mikhail Kalashnikov holding his signature AK-47 assault rifle was unveiled in Moscow on Tuesday. The statue commemorates one of Russia’s most renowned inventions.

Kalashnikov is a staple name in Russia. The history of the rifle though began almost 100 years ago when its designer was born. The inventor of the world’s most famous rifle was born into a Siberian peasant family in 1919. He was mechanically minded and first aspired to design farm equipment. But World War II called him into the army and he was wounded in the 1941 battle of Bryansk. While he was in the hospital recovering, he heard other soldiers saying their weapons were insufficient to those of the Nazi’s. So, Kalashnikov got to work designing his own rifle.

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There’s always a market in crisis… you just have to look!

There’s always a market in crisis… you just have to look!

from TheDailyBell:

“You never let a serious crisis go to waste. And what I mean by that is it’s an opportunity to do things you think you could not do before.” Rahm Emanuel, an American politician, was talking about politics when he said this. But he may as well have said it about investing in troubled financial markets.

If you’re looking to invest when the odds are in your favour then look for a crisis. When asset prices collapse it creates life-changing opportunities to buy (the right) assets on the (very) cheap.

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Global Debt Bubble Understated By $13 Trillion Warn BIS

Global Debt Bubble Understated By $13 Trillion Warn BIS

by Jan Skoyles, GoldCore:

– Global debt bubble may be understated by $13 trillion: BIS
– ‘Central banks central bank’ warns enormous liabilities have accrued in FX swaps, currency swaps & ‘forwards’
– Risk of new liquidity crunch and global debt crisis
– “The debt remains obscured from view…” warn BIS

 

Global debt may be under-reported by around $13 trillion because traditional accounting practices exclude foreign exchange derivatives used to hedge international trade and foreign currency bonds, the BIS said on Sunday.

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