- After Bitcoin, can you name the second largest cryptocurrency? Until recently it was Ethereum, but now it is Ripple. At the start of last year, Ripple was trading for less than a penny, and even just a few months ago you could still get Ripple for about 20 cents. But now the price of Ripple has absolutely exploded, and as I write this article it is sitting at $3.15. At this point Ripple has a market cap of more than 120 billion dollars, and those that got in when Ripple was under a penny have seen their investments go up by more than 40,000 percent.
- If you can believe it, the price of Ripple is up more than 1,000 percent in the last 30 days alone. So why is Ripple doing so well right now?
- Well, many analysts are pointing to the very strong relationships that Ripple has been building with financial institutions…
Read more at:Is Ripple The Next Hot Cryptocurrency? Some Are Calling It ‘The Bitcoin That Banks Like’
- Central banks are now trapped
- In a nutshell, central banks are promising to “normalize” their monetary policy extremes in 2018. Nice, but there’s a problem: you can’t “normalize” markets that are now entirely dependent on extremes of monetary stimulus. Attempts to “normalize” will break the markets and the financial system.
- Let’s start with the core dynamic of the global economy and nosebleed-valuation markets: credit.
- Modern finance has many complex moving parts, and this complexity masks its inner simplicity.
- Let’s break down the core dynamics of the current financial system.
- The Core Dynamic of the “Recovery” and Asset Bubbles: Credit
- Credit is the foundation of the current financial system, for credit enables consumers to bring
Read more at:Why the Financial System Will Break: You Can’t “Normalize” Markets that Depend on Extreme Monetary Stimulus
- 2017 went by way too quickly. Donald Trump’s first year in the White House shook up the entire planet, and nobody is quite sure what is going to happen next. Personally, as 2017 began I was still having a hard time actually believing that Trump was going to be our president. Once he was finally inaugurated on January 20th I was able to relax a little bit, but at that point I had no idea that I would soon be running for Congress here in Idaho as a pro-Trump candidate. As 2018 begins, I think that it would be good to look back and remember some of the most important things that happened over the past 12 months. The following are 44 numbers from 2017 that are almost too crazy to believe…
Read more at:44 Numbers From 2017 That Are Almost Too Crazy To Believe