- Speculative booms are often poor guides to future valuations and the maturation trajectory of a new sector.
- I recently came across a December 1996 San Jose Mercury News article on tech pioneers’ attempts to carry the pre-browser Internet’s bulletin board community vibe over to the new-fangled World Wide Web.
- In effect, the article is talking about social media a decade before MySpace and Facebook and 15 years before the maturation of social media.
- (Apple was $25 per share in December 1996. Adjusted for splits, that’s about the cost of a cup of coffee.)
- So what’s the point of digging up this ancient tech history?
- — Technology changes in ways that are difficult to predict, even to visionaries who understand present-day technologies.
Read more at:Understanding The Cryptocurrency Boom (And Its Volatility)
- Project Veritas founder James O’Keefe has just capped off a week of destroying CNN’s last shred of credibility with a Friday morning release of another undercover encounter with an employee of the beleagured network. Jimmy Carr, a hate-filled Associate Producer, said that virtually everyone he knows at the network – surprise – absolutely hates President Trump.
- Carr: “On the inside, we all recognize he is a clown, that he is hilariously unqualified for this, he’s really bad at this and that he does not have America’s best interests. We recognize he’s just f*cking crazy.”
- “Here’s the deal, this is a man who’s not actually a Republican… He just adopted that because that was the party he thought he could win in. He doesn’t believe anything that these people believe.”
Read more at: O’Keefe’s Third Undercover Film Exposes CNN’s Internal Culture Of Hate And The Actual Creation of Fake News
- I have written on the subject of the Federal Reserve’s deliberate sabotage of the U.S. economy many times in the past. In fact, I even once referred to the Fed as an “economic suicide bomber.” I still believe the label fits perfectly, and the Fed’s recent actions I think directly confirm my accusations.
- Back in 2015, when I predicted that the central bankers would shift gears dramatically into a program of consistent interest rate hikes and that they would begin cutting off stimulus to the U.S. financial sector and more specifically stock markets, almost no one wanted to hear it. The crowd-think at that time was that the Fed would inevitably move to negative interest rates, and that raising rates was simply “impossible.”
Read more at:The Federal Reserve Is A Saboteur – And The “Experts” Are Oblivious
- The United States’ ability to maintain its influence over the rest of the world has been slowly diminishing. Since the petrodollar was established in 1971, U.S. currency has monopolized international trade through oil deals with the Organization of the Petroleum Exporting Countries (OPEC) and continuous military interventions. There is, however, growing opposition to the American standard, and it gained more support recently when several Gulf states suddenly blockadedQatar, which they accused of funding terrorism.
- Despite the mainstream narrative, there are several other reasons why Qatar is in the crosshairs. Over the past two years, it conducted over $86 billion worth of transactions in Chinese yuan and has signed other agreements with China that encourage further economic cooperation. Qatar also shares the world’s largest natural gas field with Iran, giving the two countries significant regional influence to expand their own trade deals.
Read more at:The End Of The (Petro)Dollar: What The Fed Doesn’t Want You To Know
- Centrally issued money optimizes inequality, monopoly, cronyism, stagnation and systemic instability.
- Everyone who wants to reduce wealth and income inequality with more regulations and taxes is missing the key dynamic: central banks’ monopoly on creating and issuing money widens wealth inequality, as those with access to newly issued money can always outbid the rest of us to buy the engines of wealth creation.
- History informs us that rising wealth and income inequality generate social disorder.
- Access to low-cost credit issued by central banks creates financial and political power. Those with access to low-cost credit have a monopoly as valuable as the one to create money.
- I explain why in my book A Radically Beneficial World: Automation, Technology and Creating Jobs for All
Read more at:If We Don’t Change The Way Money Is Created, Social Disorder Is Inevitable
- Did you know that the federal government owns 28 percent of all land in the United States? Today, the feds control approximately 640 million acres of land, and after decades of very poor management, many are calling on the states to take a larger role. This is particularly true in the 11 western states where the federal government collectively owns 47 percent of all land. East of the Mississippi River, the feds only own 4 percent of all land, and there is no reason for such a disparity to exist.
- In Connecticut and Iowa, the federal government only owns 0.3 percent of all land. Such an arrangement seems to work very well for those states, and so why can’t we dramatically reduce federal land ownership in the western states as well?
Read more at:The Federal Government Owns 61 Percent Of Idaho, 64 Percent Of Utah And 84 Percent Of Nevada
- The one thing we can know with certainty is it won’t be easy to profit from the crash.
- After 8+ years of phenomenal gains, it’s pretty obvious the global stock market rally is overdue for a credit-cycle downturn, and many research services of Wall Street heavyweights are sounding the alarm about the auto industry’s slump, the slowing of new credit and other fundamental indicators that a recession is becoming more likely.
- Few have taken the risk of projecting a date for the crash, this gent being a gutsy outlier: Hedge Fund CIO Sets The Day When The Next Crash Begins.
- Next February is a good guess, as recessions and market downturns tend to lag the credit market by about 9 months.
- My own scenario is based not on cycles or technicals or fundamentals, but on the psychology of the topping process, which tends to follow this basic script:
Read more at:A Stock Market Crash Scenario