What?! BTC can be used in ways other than investing?! Let's give some more value to BTC, LTC, FTC, etc. by exchanging goods and services with other redditors! Got a skill? Put it to use for some BTC! Item for sale? Sell it here for some LTC! Need something? Spend your FTC! YOU pick which crypto-currency you want to get/spend and redditors from this sub will respond!
Let's have a clear and open discuss on what makes some people believe bitcoin is a currency and others say it can never be a currency. What defines a currency? What would make it so that the next time I google search bitcoins price it isn't measured in USD, it is measured in satoshis.
Will USD always be around in fiat form. What about a USD coin actually backed by the federal reserve. What makes currency anyway? Imagine we drop fiat and just use digital tokens. It makes sense to always have a type of card where said digital currency is stored. Instead of $1000 USD in fiat in a visa well we have $1000 in USD coin in visa. No one uses fiat anymore. This could be a reality. Not sure why as I skim this subreddit I see a lot of hatred towards crypto. I am not sure if they are trolls or from investing lol . The point is the zeitgeist and even the overton window will most definitely shift post COVID-19. Banks are empty and not many people are using fiat because of the crisis going on. To make the case that banks keep our USD crypto is also laughable. Essentially there would be no need for them. With everyone having their own wallet. The idea won't fly though as hey Mr. 60 year old with dementia just lost 40k in USD retirement because he lost his crypto key. Overcome that little obstacle and even the haters of crypto would come around. SO, maybe banks should stick around then huh? Keep our keys safe. Wouldn't that work against what crypto is supposed to be about? This is far too complicated for even top economists to answer huh. I end with what I started. I believe we are moving towards a digital age. We shall see where things go from here.
Bitcoin has failed to break out of the overhead resistance at $6,831.99, resulting in a move down. Currently, the price is at the moving averages, which might act as a support. However, if the bears break this level, the digital currency can slide to the next lower support at $6,250.
Bitcoin has failed to break out of the overhead resistance at $6,831.99, resulting in a move down. Currently, the price is at the moving averages, which might act as a support. However, if the bears break this level, the digital currency can slide to the next lower support at $6,250. /r/Bitcoin
Bitcoin has failed to break out of the overhead resistance at $6,831.99, resulting in a move down. Currently, the price is at the moving averages, which might act as a support. However, if the bears break this level, the digital currency can slide to the next lower support at $6,250. /r/Bitcoin
Hey everyone, my friend showed me a website 5 months ago when he was encouraging me to get more involved with crypto currencies, it was a website that posted every negative news article about bitcoin and then the price of bitcoin next to it, does anyone know the name of it ?funny reading For hodlers
Gold is not a store of value. Gold's price is just a reflection of the marginal cost of production. Bitcoin as a "store of value" at best is reflecting the marginal cost of mining the next bitcoin. Exchangeable currencies however derive their value from the value of the payment network itself.
One very simple and overlooked reason why Bitcoin (and all Blockchain Crypto-currencies) are basically guaranteed to explode in price over the next 5-10 years...only 1 million usewrs now and we have over 2.16 BILLION smartphone users are over 3.2 BILLION internet users... /r/Bitcoin
Someone posted on here a few days ago asking about forex and forex trading in Kenya, I have gone through the responses and clearly, most people don’t have an idea. It is 3am in the morning and am in a good mood so let me make this post. This will be a comprehensive and lengthy post so grab a pen and paper and sit down. We’ll be here a while. FIRST OF ALL, who am I..? I am a forex trader, in Nairobi, Kenya..i have been actively involved in forex since I found out about it in Feb 2016 when I somehow ended up in a wealth creation seminar (lol) in pride inn Westlands, the one close to Mpaka Rd. Luckily for me, it was not one of those AIM global meetings or I’d be on Facebook selling God knows what those guys sell. I did not take it seriously till August of the same year and I have been active ever since. I don’t teach, mentor or sell a course or signals, I trade my own money. I am also posting from a throwaway account because I don’t want KRA on my ass. What the fuck is forex and forex trading. In simple plain English, forex is like the stock market but for currencies. Stock Market = Shares, forex = currencies. If you want more in-depth explanation, google is your friend. These currencies are pegged on specific countries, united states- dollar, UK- pound, euro zone- euro, Switzerland- Swiss franc, Kenya- Kenya shilling.. you get the point. Now, there are specific events and happenings between these economies that affect the movement and values of the currencies, driving their value (purchasing power up and down). Forex trading exploits these movements to make money. When the value is going up, we buy and vice versa (down –sell) Is forex trading illegal in Kenya? Is it a scam? Illegal, no. scam, no. All the banks in the world do it (KCB made about 4 billion from trading forex in 2019) Have there been scams involving forex in Kenya? Yes. Here is one that happened recently. This one is the most infamous one yet. Best believe that this is not the end of these type of scams because the stupidity, greed and gullibility of human beings is unfathomable. However, by the end of this post, I hope you won’t fall for such silliness. What next how do I make it work..? Am glad you asked. Generally, there are two ways to go about it. One, you teach yourself. This is the equivalent of stealing our dad’s car and hoping that the pedal you hit is the brake and not the accelerator. It is the route I took, it is the most rewarding and a huge ego boost when you finally make it on your own. Typically, this involves scouring the internet for hours upon hours going down rabbit holes, thinking you have made it telling all your friends how you will be a millionaire then losing all your money. Some people do not have the stomach for that. The second route is more practical, structured and smarter. First Learn the basics. There is a free online forex course at www.babypips.com/learn/forex this is merely an introductory course. Basically it is learning the parts of a car before they let you inside the car. Second, start building your strategy. By the time you are done with the babypips, you will have a feel of what the forex market is, what interests you, etc. Tip..Babypips has a lot of garbage. It is good for introductory purposes but not good for much else, pick whatever stick to you or jumps at you the first time. Nonsense like indicators should be ignored. The next step is now the most important. Developing the skill and building your strategy. As a beginner, you want to exhaust your naivety before jumping into the more advanced stuff. Eg can you identify a trend, what is a pair, what is position sizing, what is metatrader 4 and how to operate it, what news is good for a currency, when can I trade, what are the different trading sessions, what is technical analysis, what is market sentiment, what are bullish conditions what is emotion management, how does my psychology affect my trading (more on this later) an I a swing, scalper or day trader etc Mentors and forex courses.. you have probably seen people advertising how they can teach and mentor you on how to trade forex and charging so much money for it. Somehow it seems that these people are focused on the teaching than the trading. Weird, right..? Truth is trading is hard, teaching not quite. A common saying in the industry is “Those who can’t trade, teach” you want to avoid all these gurus on Facebook and Instagram, some are legit but most are not. Sifting the wheat from the chaff is hard but I did that for you. The info is available online on YouTube, telegram channels etc. am not saying not to spend money on a course, if you find a mentor whose style resonates with you and the course is reasonably priced, please, go ahead and buy..it will cut your learning curve in half. People are different. What worked for me might not work for you. Here are some nice YouTube channels to watch. These guys are legit..
After a short period of time, you will be able to sniff out bs teachers with relative ease. You will also discover some of your own and expand the list. Two tips, start with the oldest videos first and whichever of these resonates with you, stick with till the wheels fall off. How long will it take until things start making sense Give yourself time to grow and learn. This is all new to you and you are allowed to make mistakes, to fail and discover yourself. Realistically, depending on the effort you put in, you will not start seeing results until after 6 months. Could take longeshorter so there is no guarantee. Social media, Mentality, Psychology and Books Online, forex trading might not have the best reputation online because it takes hard work and scammers and gurus give it a bad name. However, try to not get sucked into the Instagram trader lifestyle as it is nowhere close to what the reality is. You will not make millions tomorrow or the day after, you might never even make it in this market. But that is the reality of life. Nothing is promised, nothing is guaranteed. Your mentality, beliefs and ego will be challenged in this market. You will learn things that will make you blood boil, you will ask yourself daily, how is this possible, why don’t they teach this in school..bla bla bla..it will be hard but growth is painful, if it wasn’t we’d all be billionaires. Take a break, take a walk, drink a glass of whatever you like or roll one..detox. Chill with your girl (or man) Gradually you will develop mental toughness that will set you up for life. Personally, I sorta ditched religion and picked up stoicism. Whatever works for you. Psychology, this is unfortunately one of the most neglected aspects of your personal development in this journey. Do you believe in yourself? Can you stand by your convictions when everyone is against you? Can you get up every day uncertain of the future? There will be moments where you will question yourself, am I even doing the right thing? the right way? It is normal and essential for your growth. People who played competitive sports have a natural advantage here. Remember the game is first won in your head then on the pitch. Books: ironically, books that helped me the most were the mindset books, Think and grow rich, trading for a living, 4 hour work week, the monk who sold his Ferrari..just google mindset and psychology books, most trading books are garbage. Watch and listen to people who have made it in the investing business. Ray Dalio, warren, Bill Ackman and Carl Icahn. This is turning out to be lengthier than I anticipated so I’ll try to be brief for the remaining parts. Brokers You will need to open up an account with a broker. Get a broker who is regulated. Australian ones (IC Market and Pepperstone) are both legit, reliable and regulated. Do your research. I’d avoid local ones because I’ve heard stories of wide spreads and liquidity problems. International brokers have never failed me. There are plenty brokers, there is no one size fits all recommendation. If it ain’t broke..don’t fix it. Money transfer. All brokers accept wire transfers, you might need to call your bank to authorize that, avoid Equity bank. Stanchart and Stanbic are alright. Large withdrawals $10k+ you will have to call them prior. Get Skrill and Neteller if you don’t like banks like me, set up a Bitcoin wallet for faster withdrawals, (Payoneer and Paypal are accepted by some brokers, just check with them.) How much money can I make..? I hate this question because people have perceived ceilings of income in their minds, eg 1 million ksh is too much to make per month or 10,000ksh is too little. Instead, work backwards. What % return did I make this month/ on this trade. Safaricom made 19.5% last year, if you make 20% you have outperformed them. If you reach of consistency where you can make x% per month on whatever money you have, then there are no limits to how much you can make. How much money do I need to start with..? Zero. You have all the resources above, go forth. There are brokers who provide free bonuses and withdraw-able profits. However, to make a fulltime income you will need some serious cash. Generally, 50,000 kes. You can start lower or higher but if you need say 20k to live comfortably and that is a 10% return per month, then you can do the math on how big your account should be. Of course things like compound interest come into play but that is dependent on your skill level. I have seen people do spectacular things with very little funds. Taxes..? Talk to a lawyer or an accountant. I am neither. Family? Friends? Unfortunately, people will not understand why you spend hundreds of hours watching strangers on the internet so it is best to keep it from them. Eventually you will make it work and they will come to your corner talking about how they always knew you’d make it. The journey will be lonely, make some trading buddies along the way. You’d be surprised at how easy it is when people are united by their circumstances (and stupidity) I have guys who are my bros from South Africa and Lebanon who I have never met but we came up together and are now homies. Join forums, ask questions and grow. That is the only way to learn. Ideally, a group of 5-10 friends committed to learning and growth is the best model. Pushing each other to grow and discovering together. Forex is real and you can do amazing things with it. It is not a get rich quick scheme. If you want a quick guaranteed income, get a job. And now it is 5am, fuck. This is oversimplified and leaves out many many aspects. Happy to answer any questions.
The year was 2012, and we were all supposed to die in December. It was my freshman year of college. I was settling in quite well. I made friends with a bunch of people in our residence hall, we hit it off immediately. We started going out on the weekends, starting with thirsty Thursday, which turns out is actually a thing. I had more than one room mate. We lived in a four person suite with two bedrooms. I had a full ride to my University, so I had a lot of extra money to spend on my living arrangements and meal plan. Oh yeah, I was also a huge pothead. I made friends with the dealer on my floor and started buying him extra meals in exchange for weed. That's when one of my room mates came to me with a proposition. He asked me if I knew what bitcoins were. I did not. He explained the virtual currency and how it worked. Then he really laid it all out. He told me that he had quite a lot of bitcoins and that he wants to get into selling weed. It all sounded great, but I wasn't sure what he needed me for. He then told me that he doesn't really talk to anyone and that he always sees me with people and going to parties every weekend. Okay, this makes sense. He told me how the operation would work, and it sounded swell. For the record, I was eighteen and very stupid. Anyway, he would purchase the drugs from the Silk Road, a dark website where you can buy literally fucking anything. Our friend Noah would then get the goods delivered to his apartment, which had a mailroom with hundreds of mailboxes. This was good because it would be just a little bit less suspicious, also his apartment was not on our campus. Then we'd package everything there and move it to our dorm, which had it's own security. We lived in North Philadelphia, so the security and police were always looking out for the students. After we safely had the products, I would find the buyers. Our first shipment went well. We ordered a half pound of weed, a gram of hash, ten hits of LSD, a small bag of opium (for us), and 1000mg of Alprazolam extract for my room mate's personal anxiety treatment. We got into this business to become weed salesmen. That weed took forever to sell. Everyone who sold weed already had good connections from their hometowns. The LSD though, that sold in five fucking minutes to one buyer who was interested in buying much more than ten hits. He asked us if we could sell him a couple hundred tabs. He said he'd pay $350 for each sheet of 100. We looked at the price per sheet on the Silk Road. It would cost us only $80 each. Yes sir, we can absolutely sell you a couple sheets. We told him we'd call him when it arrived. Later that night we brewed some opium tea and celebrated entering the LSD business. We bought the sheets for him, and we also bought two extras in case anyone else wanted some. The next shipment came with no problems. Our friend came over and bought the sheets we had promised him. We made nearly $800 on that deal. We thought that was a lot, so we celebrated. Later that same day, while smoking a blunt in our courtyard, I made friends with some art students. They invited me to their dorm on the third floor. I agreed, went with them, and we listened to music and painted the walls of the dorm room which was super against the rules. They started talking about how they had taken magic mushrooms two weeks before and how it was life changing. I told them I had two-hundred hits of acid in my room. I've never seen people get so excited in my entire life. They bought all of it. They paid $400 for each sheet. Seemingly out of nowhere we made $600. Again, we thought this was a lot. My room mate was really happy with my networking abilities. Dude, I was just getting high with some hipster art students. I didn't really possess the "networking skills" that everyone thought I had. We went online and purchased another five sheets. We started getting a bit more confident in our ability to sell this magic money making paper. That week I was in one of my classes and had to do a group project with a kid named Eddy. We went to his apartment to work on the project after class. Eddy had an apartment off campus because he was an upperclassman. On the way he asked if I smoked weed. Of course. He said he had something to show me. When we got there he showed me a small weed plant he was growing. It was an adorable little plant in a flower pot by the window. I asked if he needed any weed and he said that he did not. We smoked a bit and then her offered me a Xanax. I had never taken Xanax, so I googled the pill he offered me. Alprazolam. Huh, that's funny. I told him I had 1000mg of alprazolam in my room. This excited him. I asked my room mate if he was willing to sell some of his private stash. Eddy only wanted to buy around 100 milligrams. He agreed and I brought Eddy to my dorm. We gave it to him for the cool price of $150, a slick markdown from what he was paying. After all we hadn't even planned on selling that stuff. He asked how we got it so cheap and if we could get anything else. We told him that we sell LSD. He said he loves hallucinogens and would love to purchase a sheet, so he did. Four sheets left. If we sell them, we can get a new and faster computer. The weekend came and I was hanging out with two of my friends from our residence hall. Joe, who was really chill and loved smoking weed as much as I did. And Bianca, who was so cool that it frightened me. She was really intimidating. I had a huge crush on her, but she was "talking" to a kid that lived in Johnson and Hardwick hall. Bianca was the type of person you see in movies about cool kids doing cool things. A character who has a lot of depth, but it takes nearly the whole movie to slowly peel back the layers, and by that time you're in love. I told her if we sold the rest of our acid I'd buy her a new tattoo. She was covered in them. That night Joe was going to take us to his friend Jamie's house. We were going to try cocaine for the first time. I was terrified. Not only was I terrified about trying cocaine, but I was scared of doing it with Bianca. I just didn't know how I would act, and I didn't want to do something stupid. We arrived at Jamie's house. Jamie was also intimidating. His house was what your typical trap house looked like at the time, with a bunch of really expensive music equipment. Everybody wanted to be a rapper or a D.J. that year. He introduced all his friends and offered us lines of coke. Here we go. Joe went first, he'd already done some before. Bianca went next without hesitation. Now it was my turn. I remember my hand shaking with the rolled up bill between my fingers. I chose the smallest line and sniffed. It did not taste anything like I expected. Five minutes went by. Oh, this is what cocaine is like. It was so underwhelming. It was also some thoroughly stepped on shit. I know that now because since then I've done some foreign blow that literally almost made my heart stop. Anyway, Jamie and I got to talking, mostly about his "music career". Jamie told me if I ever wanted to buy cocaine in bulk to hit him up. I laughed and told him if he ever wanted to buy LSD in bulk to hit me up. I was half joking. He looked at me with the straightest face and asked if I was serious. Honestly, this Jamie guy really scared the shit out of me. He was a good ten inches taller than me and the whole scene was really starting to freak me out. I told him I was serious though. He told me to come with him. He brought me into his room and closed the door. In the room it was quiet. The walls were sound proofed. I looked around and the room was full of money, cocaine, and guns. Okay, he's probably not going to kill me. I hope. He then asked about my LSD connection. I told him I could get sheets for $350. He said he wanted books. Books? This guy wants books? I didn't know this at the time, but a book is a thousand hits of LSD. I told him I had to talk to some people and I would let him know the price, but that I could definitely make it happen. We went back into the party and he gave me line after line of cocaine. Joe offered him money for the lines, but Jamie told him not to pay. He said your friend here bought you guys as much coke as you want for the night. Honestly, that made me feel really cool. After the party I talked to my room mate and told him what happened. We looked up the price of a book on the Silk Road. $300. Not only could we have saved a lot of money if we had just bought a book from the start, but we were going to make a lot more money selling by the book. The days of getting excited over $800 were about to come to an abrupt end. I talked to Jamie and asked how much he would be willing to pay for each book. He said he would pay no more than $3000 for each book. We decided we would sell him the books for $2,800 each. He agreed and asked how many we had. I said we can start with five books. He agreed. This was perfect. Not only were we about to make more money than we had ever expected, but acid was incredibly easy to ship. They were basically sheets of paper. Our supplier used to send it to us in between the pages of large children's coloring books. The books, or prints, as our supplier called them, blended with the kid's books very well. Our prints consisted of a large picture of Bart Simpson, The Grateful Dead bears, and a double rainbow portrait. If you didn't know what acid was, you wouldn't know these were drugs. We made nearly $14,000 from that first deal. Over the course of a few months we would sell close to thirty-thousand hits of LSD. We had $75,000 in cash sitting in an empty bedroom at Noah's apartment. I stopped going to class. My room mate had filled his entire room with computer parts and instruments. Noah, well we didn't really see him much, but he was always present when we needed a shipment. We broke our cardinal rule of not getting high on our own supply. We took a lot of acid that semester. It was an extremely enlightening period for us. Things in my world began to take on entirely new meaning. I had a newfound appreciation for things I had never noticed. The connections with my friends became very strong and we talked about a lot of stuff that was just too deep for my other peers to even scratch the surface of. It was nice. By my birthday in February we had over $200,000 in cash. We didn't die in December, not that I thought we would, but some people were legitimately surprised. They were mostly art students. Things started getting a little crazy. My room mate and I were taking a lot of Xanax by this time and a lot of nights celebrating were never logged as memories. We always told ourselves we would only sell LSD. We had sparked a huge psychedelic scene in and around Philadelphia. There were literally parties where everyone was tripping acid. Many groups of people began taking acid and doing really creative stuff that I admired so much. So much good music and art was around during that period. I felt like I was living in San Fransisco in the middle 60's. It felt like we were part of this incredible scene that nobody outside of the city knew about. Of course every wave has to break and roll back. It was getting close to the summer. I hadn't been to class in months. We hadn't seen Noah since the previous shipment about a month prior. It was a regular weekday, but I wasn't going to class, so I took two hits of acid. I spent most of that evening and night writing and yapping into my tape recorder. I was on the subject of togetherness and how there are so many things that are so incredible that we never notice even though they're right in front of us. Acid talk. I was looking at a glass of water, thinking about its importance, and how so many of us take it for granted. That's when my room mate came home. This was my room mate though. Remember, we had a two bedroom, four person suite. My room mate, who was never involved in our operation. He was obliterated, and not from alcohol. This was something else. He limped into the room and collapsed on the bed. I immediately got the rest of my room mates together. That's when Christian told me what transpired earlier while I was locked in the bedroom tripping acid. He told me that my room mate had broken up with his girlfriend, took an entire bottle of lorazepam, and tried to cut his leg open with my biology scalpel. What the fuck. I examined his leg and he did not try to cut it open, he succeeded. He had a gigantic cut all the way down his lower leg that was fixed up by his father who is a surgeon. His father then brought him back to the dorm. The condition he was in was terrifying. He was breathing, but not well. His heart rate was also very low and we had to monitor him for the remainder of the night, taking shifts to make sure he didn't stop breathing. I couldn't believe his father had brought him back in the condition he was in. The next morning I was exhausted. My room mate and I, the one with the bitcoins, left and went to Noah's apartment to relax for an hour. While we were gone Bianca was to watch over him with her room mate. When we got to Noah's we had a new problem. Noah hadn't gotten out of bed for what looked like weeks. He had ran out of his antidepressants and was in bad shape. At this point I checked out. I walked into the living room and opened a bottle of champagne. I poured a glass, popped a Xanax, and sat on the sofa. I was still a little foggy from my acid trip and I hadn't slept all night. That's when my phone rang. It was Bianca. I answered the phone and her first words were: "Your room is full of police.". Well, it's been a good run. On my desk were a couple thousand hits of LSD and a handgun. In the other bedroom were numerous unopened box's of expensive computer parts, scales and drug paraphernalia galore, and a large pile of white powdered alprazolam. That room also smelled heavily of weed because there was a half pound out in the open. We had gotten very sloppy. I asked her if my room mate was okay. She said that's why the police are there. She said his mom was trying to reach him and he wasn't answering her, so she called the police for a wellness check. Bianca then started talking to someone and hung up the phone. We pondered whether or not to flee the country and become outlaws. We did after all have all the cash here at Noah's. Close to a million dollars. Maybe more. Because we were getting sloppy, we had also started selling hash, Xanax, LSD, 25i-NBOMe, 2c-b, 2c-i, 2c-E, Mescaline, cocaine, MDMA, MDA, LSA, clonazepam, ativan, and other various designer drugs. We were going down for a long time. I started thinking about my life. It literally was flashing before my eyes. I thought about my high school crush, and how I should have been more upfront with her about how much I liked her. I loved her. I thought about the time we slept in the same bed and I couldn't fall asleep because I couldn't believe she was really laying next to me. I remembered how I never wanted to wake up next to anyone else. I thought about my trivial crush on Bianca and how shallow it really was. I thought about my parents and how they'd raised me better. How they did so much for me so that I could go away to college and have a better life than they had. I thought about sitting on the beach last summer without a care in the world. The "problems" in my life that seemed hilarious now. Will I go to prom? Is my car cool enough? My k/d ratio in Call of Duty. How could so much happen in less than a year? That's when Bianca called me again. I was terrified to pick up that phone. We looked outside to see if police were surrounding the apartment complex. They were not. I answered the phone. She said the police were gone. She had put my gun and LSD in my desk drawer. The police never entered the other bedroom. It was just a wellness check. An ambulance came and took my room mate. He was going to be okay. I hugged my partner in crime and we cried. I wish I could tell you we cleaned up our lives after that. My room mate with the bitcoins developed a really dangerous drug habit after that. He spent most of his money on drugs over the next few years. I went back to class after that summer, but stopped going again because I wanted to party instead and start a career as a writer. I failed out of college. Throughout the years I went on numerous adventures all around the world. I have hundreds of stories, I just have to write them. Oh and I have to learn how to write properly. I don't use a lot of drugs today, and I don't encourage people to use drugs. I have unfortunately lost many friends during the opiate epidemic. Weed is cool though, I like weed. I wouldn't tell people to smoke it, but I'll never shame someone for enjoying some cannabis. Actually, I don't really shame people for anything, it's just not my place to judge anyone. Feel free to judge me though, about how my dorm became a drug superhighway. \*Thanks for reading, more stories available on my blog. There's a link on my profile.* Edit: This story is based around actual events that I have experienced.
Flatten the Curve. #18. The current cold war between China and America explained. And how China was behind the 2008 Wall Street financial Crash. World War 3 is coming.
China, the USA, and the Afghanistan war are linked. And in order to get here, we will start there. 9-11 happened. Most of the planet mistakenly understood terrorists had struck a blow against Freedom and Capitalism and Democracy. It was time to invade Afghanistan. Yet all of the terrorists were linked to Saudi Arabia and not Afghanistan, that didn't make sense either. Yet they invaded to find Bin Laden, an ex CIA asset against the Soviet Union and it's subjugation of Afghanistan. The land in the middle of nowhere in relation to North America and the West. It was barren. A backwater without any strategic importance or natural resources. Or was there? The survey for rare earth elements was only made possible by the 2001 U.S. invasion, with work beginning in 2004. Mirzad says the Russians had already done significant surveying work during their military occupation of the country in the 1980s. Mirzad also toes the line for U.S. corporations, arguing, “The Afghan government should not touch the mining business. We have to give enough information to potential investors.” Rare Earth Elements. The elements that make the information age possible. People could understand the First Gulf War and the Geopolitical importance of oil. That was easy, but it still didn't sound morally just to have a war for oil. It was too imperialist and so they fell in line and supported a war for Kuwaiti freedom instead, despite the obvious and public manipulation at the UN by Nayirah. This is some of her testimony to the Human Rights Council. While I was there, I saw the Iraqi soldiers come into the hospital with guns. They took the babies out of the incubators, took the incubators and left the children to die on the cold floor. It was horrifying. I could not help but think of my nephew who was born premature and might have died that day as well. After I left the hospital, some of my friends and I distributed flyers condemning the Iraqi invasion until we were warned we might be killed if the Iraqis saw us. The Iraqis have destroyed everything in Kuwait. They stripped the supermarkets of food, the pharmacies of medicine, the factories of medical supplies, ransacked their houses and tortured neighbors and friends. There was only one problem. She was the daughter of Saud Al-Sabah, the Kuwaiti ambassador to the United States. Furthermore, it was revealed that her testimony was organized as part of the Citizens for a Free Kuwait public relations campaign, which was run by the American public relations firm Hill & Knowlton for the Kuwaiti government (fun fact, Hill & Knowlton also have extensive ties with Bill Gates). So the public was aghast at her testimony and supported the war against the mainly Soviet backed, but also American supported and Soviet backed Saddam Hussein, in his war against Iran, after the Iranians refused to Ally with American interests after the Islamic Revolution. But that was oil, this was Rare Earth Elements. There was a reason the war was called, Operation Enduring Freedom. This natural resource was far more important in the long run. You couldn't have a security surveillance apparatus without it. And what was supposed to be a war on terror was in actuality a territorial occupation for resources. Sleeping Dragon China is next, and where there's smoke, there's fire. Let's go point form for clarity. • China entered the rare earth market in the mid-1980s, at a time when the US was the major producer. But China soon caught up and became the production leader for rare earths. Its heavily state-supported strategy was aimed at dominating the global rare earth industry. • 1989 Beijing’s Tiananmen Square spring. The U.S. government suspends military sales to Beijing and freezes relations. • 1997. Clinton secures the release of Wei and Tiananmen Square protester Wang Dan. Beijing deports both dissidents to the United States. (If you don't understand these two were CIA assets working in China, you need to accept that not everything will be published. America wouldn't care about two political activists, but why would care about two intelligence operatives). • March 1996. Taiwan’s First Free Presidential Vote. • May 1999. America "accidently" bombs the Belgrade Chinese Embassy. • 2002 Price competitiveness was hard for the USA to achieve due to low to non-existent Chinese environmental standards; as a result, the US finally stopped its rare earth production. • October 2000. U.S. President Bill Clinton signs the U.S.-China Relations Act. China's take over of the market share in rare earth elements starts to increase. • October 2001. Afghanistan war Enduring Freedom started to secure rare earth elements (Haven't you ever wondered how they could mobilize and invade so quickly? The military was already prepared). • 2005. China establishes a monopoly on global production by keeping mineral prices low and then panics markets by introducing export quotas to raise prices by limiting supply. • Rare Earth Elements. Prices go into the stratosphere (for example, dysprosium prices do a bitcoin, rocketing from $118/kg to $2,262/kg between 2008 and 2011). • In a September 2005. Deputy Secretary of State Robert B. Zoellick initiates a strategic dialogue with China. This was presented as dialog to acknowledge China's emergence as a Superpower (which China probably insisted on), but it was about rare earth elements market price. • October 2006. China allows North Korea to conduct its first nuclear test, China serves as a mediator to bring Pyongyang back to the negotiating table with the USA. • September 2006. American housing prices start to fall. (At some point after this, secret negotiations must have become increasingly hostile). • March 2007. China Increases Military Spending. U.S. Vice President Dick Cheney says China’s military buildup is “not consistent” with the country’s stated goal of a “peaceful rise.” • Mid-2005 and mid-2006. China bought between $100b and $250 billion of US housing debt between mid-2005 and mid-2006. This debt was bought using the same financial instruments that caused the financial collapse. • 2006. Housing prices started to fall for the first time in decades. • Mid-2006 and mid-2007. China likely added another $390b to its reserves. "At the same time, if China stopped buying -- especially now, when the private market is clogged up -- US financial markets would really seize up." Council on Foreign Relations-2007 August • February 27, 2007. Stock markets in China and the U.S. fell by the most since 2003. Investors leave the money market and flock to Government backed Treasury Bills. I've never seen it like this before,'' said Jim Galluzzo, who began trading short-maturity Treasuries 20 years ago and now trades bills at RBS Greenwich Capital in Greenwich, Connecticut.Bills right now are trading like dot-coms.'' We had clients asking to be pulled out of money market funds and wanting to get into Treasuries,'' said Henley Smith, fixed-income manager in New York at Castleton Partners, which oversees about $150 million in bonds.People are buying T-bills because you know exactly what's in it.'' • February 13, 2008. The Economic Stimulus Act of 2008 was enacted, which included a tax rebate. The total cost of this bill was projected at $152 billion for 2008. A December 2009 study found that only about one-third of the tax rebate was spent, providing only a modest amount of stimulus. • September 2008. China Becomes Largest U.S. Foreign Creditor at 600 billion dollars. • 2010. China’s market power peaked in when it reached a market share of around 97% of all rare earth mineral production. Outside of China, there were almost no other producers left. Outside of China, the US is the second largest consumer of rare earths in the world behind Japan. About 60% of US rare earth imports are used as catalysts for petroleum refining, making it the country’s major consumer of rare earths. The US military also depends on rare earths. Many of the most advanced US weapon systems, including smart bombs, unmanned drones, cruise missiles, laser targeting, radar systems and the Joint Strike Fighter programme rely on rare earths. Against this background, the US Department of Defense (DoD) stated that “reliable access to the necessary material is a bedrock requirement for DOD” • 2010. A trade dispute arose when the Chinese government reduced its export quotas by 40% in 2010, sending the rare earths prices in the markets outside China soaring. The government argued that the quotas were necessary to protect the environment. • August 2010. China Becomes World’s Second-Largest Economy. • November 2011. U.S. Secretary of State Hillary Clinton outlines a U.S. “pivot” to Asia. Clinton’s call for “increased investment—diplomatic, economic, strategic, and otherwise—in the Asia-Pacific region” is seen as a move to counter China’s growing clout. • December 2011. U.S. President Barack Obama announces the United States and eight other nations have reached an agreement on the Trans-Pacific Partnership later announces plans to deploy 2,500 marines in Australia, prompting criticism from Beijing. • November 2012. China’s New Leadership. Xi Jinping replaces Hu Jintao as president, Communist Party general secretary, and chairman of the Central Military Commission. Xi delivers a series of speeches on the “rejuvenation” of China. • June 2013. U.S. President Barack Obama hosts Chinese President Xi Jinping for a “shirt-sleeves summit” • May 19, 2014. A U.S. court indicts five Chinese hackers, allegedly with ties to China’s People’s Liberation Army, on charges of stealing trade technology from U.S. companies. • November 12, 2014. Joint Climate Announcement. Barack Obama and Chinese President Xi Jinping issue a joint statement on climate change, pledging to reduce carbon emissions. (which very conveniently allows the quotas to fall and save pride for Xi). • 2015. China drops the export quotas because in 2014, the WTO ruled against China. • May 30, 2015 U.S. Warns China Over South China Sea. (China is trying to expand it's buffer zone to build a defense for the coming war). • January 2016. The government to abolish the one-child policy, now allowing all families to have two children. • February 9, 2017. Trump Affirms One China Policy After Raising Doubts. • April 6 – 7, 2017. Trump Hosts Xi at Mar-a-Lago. Beijing and Washington to expand trade of products and services like beef, poultry, and electronic payments, though the countries do not address more contentious trade issues including aluminum, car parts, and steel. • November 2017. President Xi meets with President Trump in another high profile summit. • March 22, 2018. Trump Tariffs Target China. The White House alleges Chinese theft of U.S. technology and intellectual property. Coming on the heels of tariffs on steel and aluminum imports, the measures target goods including clothing, shoes, and electronics and restrict some Chinese investment in the United States. • July 6, 2018 U.S.-China Trade War Escalates. • September 2018. Modifications led to the exclusion of rare earths from the final list of products and they consequently were not subject to import tariffs imposed by the US government in September 2018. • October 4, 2018. Pence Speech Signals Hard-Line Approach. He condemns what he calls growing Chinese military aggression, especially in the South China Sea, criticizes increased censorship and religious persecution by the Chinese government, and accuses China of stealing American intellectual property and interfering in U.S. elections. • December 1, 2018. Canada Arrests Huawei Executive. • March 6, 2019. Huawei Sues the United States. • March 27 2019. India and the US signed an agreement to "strengthen bilateral security and civil nuclear cooperation" including the construction of six American nuclear reactors in India • May 10, 2019. Trade War Intensifies. • August 5, 2019. U.S. Labels China a Currency Manipulator. • November 27, 2019. Trump Signs Bill Supporting Hong Kong Protesters. Chinese officials condemn the move, impose sanctions on several U.S.-based organizations, and suspend U.S. warship visits to Hong Kong. • January 15, 2020. ‘Phase One’ Trade Deal Signed. But the agreement maintains most tariffs and does not mention the Chinese government’s extensive subsidies. Days before the signing, the United States dropped its designation of China as a currency manipulator. • January 31, 2020. Tensions Soar Amid Coronavirus Pandemic. • March 18, 2020. China Expels American Journalists. The Chinese government announces it will expel at least thirteen journalists from three U.S. newspapers—the New York Times, Wall Street Journal, and Washington Post—whose press credentials are set to expire in 2020. Beijing also demands that those outlets, as well as TIME and Voice of America, share information with the government about their operations in China. The Chinese Foreign Ministry says the moves are in response to the U.S. government’s decision earlier in the year to limit the number of Chinese journalists from five state-run media outlets in the United States to 100, down from 160, and designate those outlets as foreign missions. And here we are. You may have noticed the Rare Earth Elements and the inclusion of Environmental Standards. Yes these are key to understanding the Geopolitical reality and importance of these events. There's a reason the one child policy stopped. Troop additions. I believe our current political reality started at Tiananmen square. The protests were an American sponsored attempt at regime change after the failure to convince them to leave totalitarian communism and join a greater political framework. Do I have proof? Yes. China, as far as I'm concerned, was responsible for the 2008 economic crisis. The Rare Earth Elements were an attempt to weaken the States and strengthen themselves simultaneously. This stranglehold either forced America to trade with China, or the trade was an American Trojan horse to eventually collapse their economy and cause a revolution after Tiananmen Square failed. Does my second proposal sound far fetched? Didn't the economy just shut down in response to the epidemic? Aren't both sides blaming the other? At this POINT, the epidemic seems to be overstated doesn’t it? Don't the casualties tend to the elder demographic and those already weakened by a primary disease? Exactly the kinds who wouldn't fight in a war. Does this change some of my views on the possibility of upcoming catastrophes and reasons for certain events? No. This is Chess, and there are obvious moves in chess, hidden moves in chess, but the best moves involve peices which can be utilized in different ways if the board calls for it. Is all what it seems? No. I definitely changed a few previously held beliefs prior to today, and I would caution you in advance that you will find some previously held convictions challenged. After uncovering what I did today, I would also strongly suggest reading information cautiously. This is all merely a culmination of ending the cold war, and once I have events laid out, you will see it as well. At this moment, the end analysis is a war will start in the near future. This will be mainly for a few reasons, preemptive resource control for water and crops, population reduction can be achieved since we have too many people, not enough jobs, and upcoming resource scarcity. Did you notice my omission of rare earth elements? This is because of Afghanistan. I would wager China or Russia is somehow supporting the continued resistance through Iran. But events are now accelerating with China because the western collation has already begun to build up their mines and start production. Do you remember when Trump made a "joke" about buying Greenland? Yeah. It turns out that Greenland has one of the largest rare earth mineral deposits on the planet. Take care. Be safe. Stay aware and be prepared. This message not brought to you by the Bill and Melinda Gates Foundation, Microsoft, Google, Facebook, Elon Musk, Blackrock, Vangaurd, the Rockefeller Foundation, Rand Corporation, DARPA, Rothschilds, Agenda 21, Agenda 30, and ID 2020.
What will undoubtedly happen from a macroeconomic (big picture) perspective... idiots
OKAY. So demand has been reduced dramatically around the world, our $21 trillion GDP has basically been paused for 2 months, so to keep it afloat (rough math), the government had to add $3.5 trillion to keep the economy running somewhat smoothly. That's a lot of printing, you idiots probably expect inflation. Wrong, step away from the US and look at what other countries are doing, the ECB (European Central Bank) and BOJ (Bank of Japan) are having to print trillions of dollars worth of EURO and YEN to keep their economies going, along with every other country getting pounded. Not only that, but since the US dollar makes up 70% of global transactions, in liquidity terms, trillions worth of euro and yen is MUCH MUCH more than any amount Jpow feels like printing, there's no way our printing could offset what the rest of the world is doing, so inflation isn't coming. If you want proof, just look at the euro/usd (going lower) and literally ANY emerging market currency is getting absolutely clapped vs the dollar. Furthermore, not only is US corporate debt at an all time high, but emerging markets, the eurozone, and asia has borrowed more dollars than ever before at any point in history, basically everyone around the world's debt is denominated in US DOLLARS. So what's about to happen? It's already happening, demand for US dollars is going up because everyone around the world wants to borrow more to offset cash flow concerns and pay off existing debts, which will cause the dollar to increase in value. What happens when the whole world has debt in dollars and the dollar goes up in value? DEBT BECOMES MORE EXPENSIVE. This is DEFLATION, and in particular and even more terrifying DEBT DEFLATION, a phrase that would make Jpow absolutely shit himself (and he knows its coming). This has already started before the whole beervirus nonsense, look at Venezuela and Zimbabwe, they had too much dollar debt, no one wanted to lend to them anymore and whoops, their currency is worthless now. It's going to be like a game of musical chairs for people trying to get access to dollars, starting with emerging markets and eventually moving into the more developed economies. The result: massive corporate bankruptcies, countries defaulting on debt (devaluing their currencies) and eventually a deleveraging of massive proportions. This WILL occur and no amount of printing can stop it, it's already too far gone. It doesn't matter what the stock market does, other markets around the world will be fucked, honestly it might cause the market to go up because of all the money fleeing other countries trying to find a safe place to live. Here are the plays assholes. TLT will go up because no matter what Jpow says, he doesn't control the fed funds rate, the market does, and US treasury bond yields have already priced in bonds going negative. CPI shows that we may see up to -3% inflation (3% deflation), meaning at .25% fed funds rate, the REAL rate is 3.25%, that is the worst thing possible during a deleveraging because it makes it harder to stimulate the economy, the fed has no choice, rates MUST go lower. Rates go lower, bond prices go up, TLT 12/18 $205c. Remember how I said scared foreign money will want to find a nice safe place to go when we go into the biggest debt crisis the world has seen in over 300 years? GLD 12/18 $240c. Finally, the dollar will rise in value as well so UUP 12/18 $28c. As far the actual market, we hit a high of SPY 339.08 in February, fell to a low of 218.26 by mid March, and have since then retraced EXACTLY to the 61.8% Fibonacci retracement level at 290, and started to bounce lower from there. I'm no technical analyst, but I do know history. During the greatest crashes in stock market history, 1929, 2001, 2008, the Nikkei in 1989 (Japan) this exact same thing happened, market got scared and fell to lows, then smoked that good hopium for a few weeks or month to retrace between 50% and 61.8% back to previews highs, then absolutely fell off a cliff. If you don't believe me, go look at the charts. Now, I'm personally not going to be betting on the US market falling because of the fact that its just straight up not reflecting reality and there are much better ways to trade on what's occurring (see trades above), but I PROMISE, that we will not be seeing new highs at any point any time soon. TLDR; The world is going to shit due to the dollars over-dominance of the world market, we will soon see the worst deleveraging in human history, and may very well have to come up with a new fiat money system (probably not bitcoin, but it wouldn't hurt to have some). TLT 12/18 $205c, GLD 12/18 $240c, and UUP 12/18 $28c. If you wanna be an autist and buy weeklys, I can't help you, but I basically just gave you the next big short, so you're welcome. DISCLAIMER: I didn't say what price to buy at for a reason, timing is extremely important for trades like this, so don't FOMO in and overpay, you will get clapped.
Bitcoin‘s price could be held down by scammers seeking to liquidate at least $2 billion worth of cryptocurrency belonging to one of the largest ever Ponzi schemes, PlusToken.. That’s according Bitcoin price technical analysis: weekly chart. Bitcoin formed an inside week candlestick pattern last week as it closed at $9,078.25, with a marginal loss of 0.42 per cent. Interestingly, the BTC to USD pair remained stuck inside a small range of $9,299–$8,908, which shows that both the bulls and the bears are undecided about the next The bitcoin price has recently climbed back above the psychological $5,000 per bitcoin mark though some smaller cryptocurrencies have climbed far more with a few, including binance coin, rallying Next month, the number of bitcoin rewarded to those that maintain the bitcoin network, known as miners, will be halved for the third time, dropping from 12.5 bitcoin per block to 6.25. Bitcoin is a digital money ecosystem with units of currency (Bitcoin) that are used to store and transmit value among participants in this glorious distributed and decentralized computer network. The Bitcoin protocol stack is available as open source software and can run on many devices including mobile phones, tablets, desktops and even a
BITCOIN MASSIVE FAKEOUT?? URGENT! NEXT LIKELY PRICE SHOCKING - NOT WHAT MOST EXPECT!!!!!!!
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