As regulators’ campaign to kill off Libor continues unabated, helping to squeeze the 3 month dollar Libor rate to its highest level since the financial crisis, federal prosecutors in New York have won convictions on charges of wire fraud and consp…
TOKYO (Reuters) – If European Central Bank chief Mario Draghi appears slightly more downbeat at his regular news conference than before, it could foreshadow a possible move by to the bank to trim its monetary policy stimulus.FILE PHOTO – European Centr…
Authored by Yale Global via OilPrice.com,Oil is still the world’s leading energy source, with growing demand, a fluctuating pricing system, and much of its production in volatile regions. The oil market’s value is larger than the world’s valuable …
Finance professor John Griffin, along with his doctoral student companion, Amin Shams, were the two academics that drew market-moving conclusions about bitcoin last year, while the digital currency was trading around $20,000. After sifting through 2 te…
From Bloomberg:Good Friday claims a sacred spot on the Maltese calendar, and this year the holiday was casting its reliable spell. In the late afternoon, hundreds of people streamed from Baroque cathedrals outside the capital city of Valletta, forming …
This is the first Daily Market Recap for Total News service exclusively at www.totalcryptos.com Today’s big gainers are USC, MOIN, ACC, AC3, TKR, SETH, NKN, GRID, XSD, and ITZ. Day Trading Crypto is like trading penny stocks in the 90s.&nbs…
Authored by Lawrence Solomon via Financial Post, Those who see Trump as threatening a free market in steel should see the world as it really is and welcome, rather than berate Trump’s initiative… President Trump’s decision to apply steep tariffs to steel imports on grounds of national security met with a loud chorus of protests at […]
Import taxes of any kind are a stupid idea, we will succinctly explain why. Until this idea, Trump has had a fairly good track record if judged only by the correlation to the stock market. The import tax is the first major mistake, and shows that he really doesn’t understand international finance and has not […]
(GLOBALINTELHUB) – 10/28/2017 — Since all the people involved in the JFK murder and investigation are dead, one might wonder why all the fuss about documents from 50 years ago really matter. FX traders are mostly conspiracy theorists, either they are part of the FX rigging scandal making billions off the backs of unsuspecting clients […]
(Elite E Services) 10/17/2017 — Dover, DE — It’s no secret that the US economy has diverged into a massive 2 world system where there is also a massive gap in between; the employed and the wealthy have increasingly good lives while the poor and unemployed have a deteriorating quality of life. As we have […]
(Eliteeservices.net) – 10/10/2017 Dover, DE — Elite E Services, a FinTech virtual corporation in the Currency business for 15 years, has today published a digital book about Bitcoin and the Blockchain entitled “Splitting Bits : Understanding Bitcoin and the Blockchain” available on Kindle exclusively, for $2.99 digitally. Get it now from www.pleaseorderit.com With the world of Bitcoin […]
After the long 12 year period without major natural disasters in southern United States, Hurricane Harvey brought a catastrophic hit to the country. Soon after Harvey, a Category 5 storm Hurricane Irma with sustained winds of 175 miles per hour, started to move through the Caribbean, destroying the whole island of St. Martin, going towards […]
(GLOBALINTELHUB.COM) — Dover, DE 8/8/2017 — Global Intel Hub exclusive interview — Elite E Services sat down with Mike Connor, Principal and Senior AP of Alpha Z Advisors, LLC – a trading advisor offering alternative investments based on strategies incorporating research on price anomalies, behavioral biases and institutional practices. In November of last year, Alpha Z Advisors […]
(GLOBALINTELHUB.COM) 6/12/17 — Bitcoin has surged to all time highs, urging us to compose this article on a hot trending topic that we’ve wanted to compose for a long time. Our parent company, Elite E Services, is primarily a FX algorithm development company – so we get asked about Bitcoin quite a bit. Life is […]
Every now and again we at Elite E Services stumble upon business models in the course of our operation that are sometimes interesting but alarming at the same time – in this case, timeshare fraud. After having our head held under water by combination of ugly circumstances (tough regulation making business impossible but at the […]
How valuable is software that makes money? Obviously, it’s priceless. How do we value the biggest opaque commodity – knowledge? How does one value financial knowledge? Finance as both a topic and industry has been holding huge secrets guarded by the most rich and powerful in the world for hundreds of generations. Why don’t they […]
Thanks Bloomberg, for another useless piece of regurgitated info we’ve known for years; fake news drives the fake markets which are artificially inflated. Actually thanks to the Fed for doing the academic research on this topic to confirm what we’ve known for years – the markets are rigged and one way they are manipulated is […]
You asked for it, we delivered. EES has released the Penny Splitter strategy, as featured in our best selling book Splitting Pennies – for the Meta Trader 5 platform. Check it out here in the MQL5.com marketplace.Penny Splitter (PS) is a st…
Joe Gelet, author of Splitting Pennies, was interviewed on Destiny Survival podcast, by John Wesley Smith. Checkout what he had to say about the interview, at his site www.destinysurvival.com:
Joe and I had no trouble filling the time allotted to us for DestinySurvival Radio. He’s quite knowledgeable and explains things thoroughly.
When I asked him to define Forex, it might sound at first like he’s going down a rabbit trail. But he’s not. Listen carefully to what he says about the U.S. dollar and foreign exchange money markets, and it will make sense. Throughout his book he layers on finer points describing Forex.
Here’s how massive Forex is.
Forex is the driver of the global economy. It supercedes nation states, politics, even religion. It’s not governed by law, but by trading principles.
Our Federal Reserve plays a large role in Forex, as do other central banks.
In the book he asserts it’s irrelevant as to who owns the Federal Reserve.Things are what they are. We owe it to ourselves to know a little something about how the system works.
It’s startling to think our Federal Reserve can create money from nothing, and we accept it as such. Yet this plays a significant role in inflation, which affects all of us. Joe and I talked about this and explored what it means to have a fiat money system.
Even though the Fed can create money from nothing, it wouldn’t be wise to print ourselves out of debt. Nor would it be a good idea to go into default.
But about that ever present fiat money…
This may sound shocking to some, but Joe asserts in his book that the U.S. dollar isn’t backed by gold but by bombs. You won’t want to miss what he has to say about this during our conversation. If you’ve paid attention to the news for the past 10-15 years, you’ll observe he’s not saying anything we don’t already know.
To me all of this is terrifying. We’re living in a world whose system is based on feathers and fairy tales.
Does that mean the many dire predictions about a sudden economic crash are sure to come to pass?
Not as Joe sees it. Or at least not in the way most sensationalists would have us believe. That’s because there’s no good alternative to the dollar.
What does Joe mean when he says banks can’t do without the economy, but the economy can do without banks? We discussed that. And I think it bodes well for us, should we end up in the midst of the proverbial postapocalyptic scenario one day.
And what about Bitcoin and other alternate currencies? They’ve been touted as revolutionary and independent of the big banking system. But are they? Listen to Joe’s comments and draw your own conclusions.
If you make financial investments, Joe offers what seems to me to be a reasonable solution. But what if you can’t invest?
If you had $1,000 to put toward getting prepared, what should you do? I think you’ll be surprised by Joe’s advice. (Hint: It’s a practical position I have taken for quite some time.)
Joe’s goal is to help you and me be better prepared financially. Thus, his book. You may also want to see SplittingPennies.com.
You can listen to the podcast on YouTube by clicking here, or press play below:
There’s still a large percentage of the American population that doesn’t understand money. That’s why we released our book,Splitting Pennies – to explain how the financial system works. FX continues to remain a mystery to voters, although i…