- Interest in Bitcoin is red hot at the moment. It’s impossible to open a website, listen to a podcast, or watch a video in the financial space without hearing about the meteoric rise in the price of Bitcoin.
- Maybe you know a “Bitcoin millionaire” who bought five hundred Bitcoins a few years back for $50,000 and is now sitting on a Bitcoin fortune worth over $2,000,000. It’s true, those people actually do exist.
- Yet the crypto-hysteria is distracting you from a scary truth no one is talking about.
- There is every indication that governments, regulators, tax authorities, and the global elite are moving in for the crypto-kill.
- The future of Bitcoin may be a dystopia in which Big Brother controls what’s called “the blockchain” and decides when and how you can buy or sell anything and everything.
Read more at: Is This The Global Elites’ Secret Plan For Cryptocurrencies?
Source : zerohedge.com…
- In an economy in which wages for 95% of households are stagnant for structural reasons, pushing inflation higher is destabilizing.
Most households are losing ground as their inflation-adjusted (i.e. real) incomes stagnate or decline.The official policy goal of the Federal Reserve and other central banks is to generate 3% inflation annually. Put another way: the central banks want to lower the purchasing power of their currencies by 33% every decade.
- In other words, those with fixed incomes that don’t keep pace with inflation will have lost a third of their income after a decade of central bank-engineered inflation.
- There is a core structural problem with engineering 3% annual inflation. Those whose income doesn’t keep pace are gradually impoverished, while those who can notch gains above 3% gradually garner the lion’s share of the national income and wealth.
Read more at:The Insanity of Pushing Inflation Higher When Wages Can’t Rise
- The idea that authorities can massage their pumping to keep asset bubbles inflated at a permanently high plateau is currently being tested.
- This is another facet of The Fed’s Double-Bind: if you stop pumping asset bubbles, they pop as participants realize the music has stopped, and if you keep pumping them, they expand to super-nova criticality and implode.The trouble with inflating asset bubbles is that you have to keep inflating them or they pop.
- Unfortunately for the bubble-blowing central banks, asset bubbles are a double-bind: you cannot inflate assets forever. At some unpredictable point, the risk and moral hazard that are part and parcel of all asset bubbles trigger an avalanche of selling that pops the bubble.
- There are several dynamics at play in this double-bind.
Read more at:The Trouble with Asset Bubbles: If You Stop Pumping, They Pop
- While many in the United States firmly believe that the government just isn’t working, it is. But it’s only working for the powerful and rich elites in the government and the media who have a desire to cling to their oppressive control of others and the money many are willing to allow them to steal.
- The fight has never been between the republicans and the democrats.
- As Americans choose sides, their rights and freedoms are sold to the highest bidder. According to Intellectual Takeout, the fight is between “us” and the deep state; not those on the right and those on the left. More and more often we are seeing bureaucrats, lobbyists, and elected officials of both parties circle the wagons in an effort to prevent any true reforms of the government. They constantly write laws they exclude themselves from, come up with inventive ways to tax us to our breaking point and destroy the healthcare system.
Read more at:The Rise Of The Deep State: How They Got Their Power To Manipulate For Ultimate Control
- Following remarks from the leaders of South Korea and Japan, President Donald Trump has responded to North Korea’s latest “perfect” nuclear test, emphasizing that South Korea’s “talk of appeasement will not work,” and that Kim Jong Un and his government “only understand one thing!” He added that the nuclear test is an embarrassment…to China.
- In both tone and substance, Trump’s response echoed his tweet from last week when he said that the US’s policy of paying the North “extortion money” wasn’t working, and that “talking is not the answer” to the North’s nuclear threat, although it is unclear if the latest provocation will prompt the US president to do anything more than just jawbone again.
Read more at:“Appeasement Will Not Work”: Trump Responds To North Korea “Hydrogen Bomb” Test
- Nothing epitomizes the failure of Europe’s immigration policies more than the notorious “no-go zones.”
- For decades the West has opened its borders to people who don’t share their values, and the West has utterly failed to encourage these people to assimilate. To even suggest that is now considered racist in many European countries.
- The lack of assimilation has reached a degree that many of these populations have become resentful of their mediocre status in society, and have actually become more insular. Younger generations of these immigrants are more likely to follow ideologies like radical Islam, and they’re less likely than their parents to interact with native born Europeans. Many of them don’t even speak any European languages.
Read more at:Coming To A Town Near You: Expert Warns That No-Go Zones Are Growing In America
- The point is the present system cannot endure.
- Despite all the happy talk about “recovery” and higher growth, wages have gone nowhere since 2000–and for the bottom 20% of workers, they’ve gone nowhere since the 1970s.
- Gross domestic product (GDP) has risen smartly since 2000, but the share of GDP going to wages and salaries has plummeted: this is simply an extension of a 47-year downtrend.
- Last month I posted one reason Why We’re Doomed: Our Economy’s Toxic Inequality (August 16, 2017). The second half of why we’re doomed is stagnant wages. Why do stagnating wages for the bottom 95% doom our status quo? As I noted yesterday in Why Wages Have Lost Ground in the 21st Century, our system requires ever-higher household incomes to function–not just in the top 5%, but in the top 80%.
Read more at:Why We’re Doomed: Stagnant Wages