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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. Every day there are big gainers and big losers. The downside is that there’s no shorting,…
Lawrence Solomon: The Real Reason For Trump’s Steel Tariffs? He’s Preparing For War
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 home and abroad, by many trying to divine what could possibly be going through Trump’s mind. Trump is an economic illiterate, he’s a protectionist, some reasoned; he’s targeting Canada to get concessions on NAFTA, he’s playing to his base, others pronounced.
These explanations miss the mark. Though Trump doubtless sees taunting Canada on NAFTA and playing to his political base as furthering his agenda, these are but freebies, sideshows to the main event. Trump is acting sincerely, and legitimately, in the national security interests of the United States. Canada isn’t his target; China is.
Trump is old enough to know that during the Korean War, president Harry Truman seized the U.S. steel industry to maintain production for America’s then-vulnerable wartime economy. During the Second World War, when the U.S. dominated the world’s steel production, rationing was nevertheless needed – the public was even exhorted to donate their automobile bumpers to the war effort as scrap steel.
Today, the U.S. has not only lost much of its steel capacity, it’s at risk of losing the balance, making it dependent on a host of countries: Canada, its largest and most reliable foreign supplier, meets just five per cent of U.S. needs. According to the U.S. Commerce Department, the United States is now at risk of finding itself “in a position where it is unable to be certain it could meet demands for national defense and critical industries in a national emergency.” If dependent on a foreign country, the department warns, the U.S. would not have the legal authority to commandeer supplies as it could within the U.S.
“Our steel industry is in bad shape,” Trump tweeted. “IF YOU DON’T HAVE STEEL, YOU DON’T HAVE A COUNTRY!”
Those who believe war is for the history books, never to inconvenience us in our daily comforts, naturally view Trump as some kind of madman, senselessly protecting a few steelworkers in an economically irrelevant industry at a great cost to the rest of the labour force and economy. But those with a longer time frame and a sense of history — and especially those who can sense the gathering storm of war — make different calculations.
Trump, like president Ronald Reagan before him, believes in peace through strength. He wants a military so dominant, and an economy so robust, that no adversary would ever dare challenge it. At the same time, Trump wants to take on today’s Evil Empire, the country that represents a future existential threat to the U.S. — China. An uncompromising ally in this project to neuter China — a man Trump calls a visionary — is Peter Navarro, his chief trade adviser, formerly a professor of economic and public policy at University of California and the author of Death by China, a 2011 book that warns, “China’s perverse form of capitalism combines illegal mercantilist and protectionist weapons to pick off American industries, job by job. China’s emboldened military is racing towards head-on confrontation with the U.S.” Navarro’s other China book, The Coming China Wars published in 2006, described China as a ruthless emerging power likely to succeed in its ambitions of dominance.
The Trump-Navarro policy of confronting China through tariffs on grounds of national security is not a cynical excuse to justify protectionism. It reflects profound alarm over America’s preparedness in confronting a China that through government subsidies has acquired a stranglehold over the global steel industry: China now accounts for half of the world’s entire steel production. Without countering foreign steel subsidies in general and those from China in particular, the U.S. steel industry will be unable to survive.
The world’s steel exporters will doubtless challenge Trump’s claim that he’s acting in the interest of national security before the WTO. They will need to wait in line: The U.S. currently has 169 antidumping and countervailing duty orders in place on steel, 29 of them against China, along with 25 ongoing investigations. And the world’s steel exporters should also be prepared to lose. Under WTO rules, national security is a valid ground for levying tariffs and both the U.S. Commerce Department and the U.S. Department of Defence agree that national security is at stake.
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. He is now the world’s best hope — perhaps only hope — for bringing a semblance of free-market discipline to the global steel industry.
Why tariffs and import taxes are a stupid idiotic idea
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 been able to hire a decent advisor to explain him that the world has changed in the last 50 years. We explain this and more in our ground breaking work Splitting Pennies.
Trade Wars are not a new thing in fact they’ve been a tool of state sponsored mercantilism since the beginning of time; tax or ban foreign goods in order to spur the domestic economy. There’s a small problem though. The world is today completely intertwined, interconnected, and intermingled.
Did you know, that Budweiser, a company which is more American than apple pie, is owned by InBev, a Belgian company? Did you also know that of the 15 Budweiser breweries outside of the United States, 14 of them are in China? So what does that make Budweiser – American, Chinese, or European?
Regarding the car industry, nearly every Asian manufacturer makes cars right here in USA. Kia, Hyundai, Toyota, the list goes on and on. So we all know that Toyota is Japanese. Or is it? Land Rover is British, but it was bought by Ford, a US publicly traded company (F). Ford’s most complex robotic factory is in Brazil. Ford operates in nearly every country in the world, and their business is sustained by a sophisticated foreign exchange operation managed on their treasury desk. Ford notoriously hired Muslims, Blacks, and other workers that had trouble finding jobs at other companies. Who owns ford now is a global mix of citizens from every country in the world, foreign governments, and you can rest assured municipal pension funds, state pension funds, all own a piece of this American icon (F). So what is American, anyway?
Trump’s heart is in the right place, the idea of rebuilding USA’s manufacturing base, creating jobs at home, reducing ‘offshoring’ – should be a priority of America first and it makes economic sense. But the way to accomplish it is not through import taxes or to start a trade war. Companies like Apple (AAPL) need to be incentivized in other ways to move their factories from China to Kansas. Grants, tax incentives, government if then contracts (for example if Apple moved its phone manufacturing to USA the government could require USG employees to use iPhone for Security reasons.) Or another solution, we can cut the military budget in half, and instead of building missiles and bombs, we can build technology parks in places like Kansas where there is plenty of cheap land. We can build factories and retask soldiers to do non-military functions like planting trees or building the useless wall with Mexico. We should invest in robotic factories and state of the art design organizations, like they have in Europe and Korea. Farming can be hydroponic and automated. There are thousands of ideas, and thousands of people who have thousands of ideas and who are capable of implementing them. But we are not listening to those people, or supporting them. USA has plenty of natural resources, real estate, and most importantly business innovation motivation to act as a natural global incubator for global business.
Instead of import taxes we should incentivize more foreign businesses to move here, such as by creating foreign ‘tax havens’ like Delaware, and providing privacy to foreign entities who would otherwise go to Switzerland or the Cayman islands.
The tax reduction plan was a huge win for Wall St. and Main St. The idea of import taxes is the opposite. We should encourage business growth not stifle it. There are other more intelligent ways to spur the domestic economy. We explain this and more in our ground breaking work Splitting Pennies.
SOLVED: JFK and others murdered by the Elite Shadow One World Order
(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 that don’t understand FX, or they are traders trying to guess why markets move the way they do in order to protect their positions. In any case, FX traders see how FX moves ahead of terrorist events, and how the US Dollar tracks several hours ahead of key global military events. Also, the world really hasn’t changed much, especially the architecture of modern political power, so a look into the past can be also a look into the present. The parallels of JFK and Trump are interesting, both being from rich families and both in some way ‘turned’ against the mainstream establishment. Although the world is too different now for a fair comparison, and JFK and Trump are nearly polar opposites when it comes to them individually. While the recent data dump of documents presents more circumstantial evidence than ever before – all from the ultimate source (the US Government) any ‘smoking gun’ document has long been destroyed. Perhaps the only smoking gun is the ‘burned memo’ which could be a cryptic assassination directive.
While the world wonders about President Trump, 54 years ago, a US President was murdered in broad daylight in Dallas, Texas; John Fitzgerald Kennedy – the only Irish Catholic President, and possibly one of the only US Presidents that was not a Freemason. To this day, the facts surrounding this event remain clouded. The ‘official’ Warren Commission report presents fanciful theories about a “Magic Bullet” that was able to go in and out of JFK’s body multiple times, and other wild fantasies. But this official report is ‘official’ and any other explanation of the events of that day are ‘conspiracy theories.’ As time has passed, and secondary information surfaces, there are indications of the true power of the information that was kept secret for so long.
The murder of JFK is perhaps one of the most significant events of the 20th century. In the past 10 years, new information has surfaced that portends to a major re-investigation into the issue. As well, a generation has passed since the event which took place 1963. This article presents two unique viewpoints, previously unpublished, as well as looking at some recently released evidence:
- The book titled Kennedy’s Last Stand: Eisenhower, UFOs, MJ-12 & JFK’s Assassination
- New evidence that has surfaced since the making of Oliver Stone’s “JFK” in 1991
- Groundbreaking documentary created BEFORE release of documents “JFK to 911 is a Rich Man’s Trick”
The Warren Commission came up with nonsensical conclusions he said, such as the “Magic Bullet” and the lone assassin theory, that Oswald did it by himself. No one took it seriously, at the time, but what could anyone do? It was obviously much bigger than one agency, even bigger than the office of the President, so whatever power lurking in the shadows – was not one to mess with!
Part 1: The Book that all JFK researchers should read
Kennedy’s Last Stand: Eisenhower, UFOs, MJ-12 & JFK’s Assassination – This is a must read, for those interested in the topic of ‘information’ and ‘informatics’ even if you’re not interested in the subject of UFOs. The point here is that documentary evidence regarding the UFO conspiracy is real and comes from the top. A group so powerful (MJ-12) they shut out the President (Eisenhower) who overcame them only by threatening to invade Area 51 with the Army. In the past 20 years, new evidence has surfaced, some of which is presented in the book. Most significantly, the book points a paper trail right to the top of the CIA and beyond.
Small background on UFO phenomenon as it pertains to this story; UFOs were first discovered by the military over Los Angeles during World War 2. It was alarming because the Army believed that it was the enemy Japanese attacking, all they saw were ‘airships’ shooting down from the sky; the idea of Aliens or UFOs wasn’t common knowledge at the time. See a brief summary of the “Battle of Los Angeles”:
The Battle of Los Angeles, also known as The Great Los Angeles Air Raid, is the name given by contemporary sources to the rumored enemy attack and subsequent anti-aircraft artillery barrage which took place from late 24 February to early 25 February 1942 over Los Angeles, California. The incident occurred less than three months after the United States entered World War II as a result of the Japanese Imperial Navy‘s attack on Pearl Harbor, and one day after the bombardment of Ellwood on 23 February. Initially, the target of the aerial barrage was thought to be an attacking force from Japan, but speaking at a press conference shortly afterward, Secretary of the Navy Frank Knox called the incident a “false alarm.” Newspapers of the time published a number of reports and speculations of a cover-up.
Some contemporary ufologists and conspiracy theorists have suggested the targets were extraterrestrial spacecraft. When documenting the incident in 1949, The United States Coast Artillery Association identified a meteorological balloon sent up at 1:00 am that “started all the shooting” and concluded that “once the firing started, imagination created all kinds of targets in the sky and everyone joined in”. In 1983, the U.S. Office of Air Force History attributed the event to a case of “war nerves” triggered by a lost weather balloon and exacerbated by stray flares and shell bursts from adjoining batteries.
After this ‘battle’ UFOs were on the radar of the military – literally. Military planners, practically, incorporate every kind of potential attack into their strategy planning. UFOs were not looked at scientifically by the military – simply as a potential threat, whether from Hitler or another planet they didn’t care.
The second event that marked this age was the Roswell crash, still a big mystery to this day. Apparently, there were 2 crashes, one with actual biological bodies, and the press release was designed to take the focus away from the more sensitive site. According to the book, everything was taken to Area 51 for review, where the facility was placed under the security of the CIA and managed by a group formed by Truman known as MJ-12. A lot of this is not science fiction when considering Nazi scientists developed rockets that NASA still uses to this day via Project Paperclip. Remember that all of this happened around a time when USA was becoming a superpower, the CIA was just formed, along with the military industrial complex – including its corporate technology arm, still in use today (Silicon Valley).
Where did the explosion of scientific developments come from such as Kevlar, the Microprocessor, fiber optics, stealth, weather modification, and other technologies come from? Many of these developments came out by the hundreds month after month by research labs like PARC:
PARC (Palo Alto Research Center Incorporated), formerly Xerox PARC, is a research and development company in Palo Alto, California, with a distinguished reputation for its contributions to information technology and hardware systems.
Founded in 1970 as a division of Xerox Corporation, PARC has been in large part responsible for such developments as laser printing, Ethernet, the modern personal computer, graphical user interface (GUI) and desktop paradigm, object-oriented programming, ubiquitous computing, amorphous silicon (a-Si) applications, and advancing very-large-scale integration (VLSI) for semiconductors.
This all shortly after the Roswell incident. Looking at all this from a technology standpoint is not so sensational. The fact that the Roswell crash was in fact a UFO possibly operated by a ‘robot’ or ‘drone’ from another planet or another timeline is not so far fetched. If the reader could be transported back to the middle ages of Europe equipped with a laser pointer, iPhone 7, automatic handgun, and other wizard’s tools, certainly the people would think that the user is a “God” who practices “Magic”.
The interesting twist in this book is how JFK wanted to unmask all this, use it for the good of the world (in partnership with Russia) and how the group who operates above the US Government, in this case MJ-12, ordered the hit via a secretive assassination directive:
An Mj-12 directive to kill JFK
The most dramatic directive, likely drafted by Dulles (MJ-1), Director of CIA under JFK and apparently approved by six other MJ-12 members was a cryptic assassination directive. In full, this states: see last memo in series in link below.
Draft – Directive Regarding Project Environment – When conditions become non-conducive for growth in our environment and Washington cannot be influenced any further, the weather is lacking any precipitation … it should be wet.
The term “it should be wet” is a coded command to kill someone.
Detractors of this book will say that the author is reaching to connect the dots, and this cryptic message is not ‘clearly’ the smoking gun evidence that everyone is looking for. But is it? Have a deeper look through these documents here:
To the less educated researcher, documents such as the letter from respected scientists Oppenheimer and Einstein regarding the UFO issue, and the letter from the anonymous CIA leaker re: James Angleton; may be of more significance, as the authenticity of these documents is more verifiable, and anecdotally more believable. Einstein for example published thousands of public essays and letters on various important topics of the day; this was a time when the power Elite relied on high IQ scientists.
There is no alternative paper trail, with a more powerful suggestion – solving the JFK murder. Most of the files have been released in a searchable archive, which you can find here: https://www.archives.gov/research/jfk
It is not likely that in the next 20 years another ‘smoking gun’ document will be discovered, although it’s possible (it could be in some relatives attic, next to baseball cards and grandpas pipe saved from last century). So it’s reasonable to conclude that 95% of relevant information regarding the JFK scenario is out there, somewhere – in the ether. With the speed and velocity of the internet sleuth community, if there was such a relevant document such as photo (right) – it would have been distributed and redistributed, analyzed and discussed, ad nauseum.
What is the significance of this event, you ask? It’s a singularity, as they describe in physics (a point at which a function takes an infinite value, especially in space-time when matter is infinitely dense, as at the center of a black hole). From one perspective, it was simply a power grab by ‘faction 2’ from ‘faction 1’ as some describe big power politics. The Kennedy clan were outsiders, they were social climbers, they went against the power structure of the haves – case closed. But Kennedy or someone else – something more meaningful happened here. A group called the “Shadow Government” stopped Kennedy from exercising the powers granted to him by the Constitution and by the voters. It puts the entire system into question, proving basically that the United States operates by Mob Rule not so much different than a banana republic. A group of rich families and companies with deep pockets control the country through their trained surrogates. The continuation of this can be seen with political families such as Bush and Clinton who have a statistically unusual amount of deaths of associates, friends, and workers surrounding them. Some were even afraid to work for the Clinton camp due to the high number of workers who ‘suicided’, disappeared, had heart failure, or stabbed themselves in the back 10 times.
Let’s thread through the irony of the power structure for the last 30 years with this interesting photo, and comparison, of a figure outside the Texas School Book Depository:
The photo on right, comparing the posture of a figure standing in a suit and tie is striking. George H.W. Bush Sr. later went on to be the director of the CIA, only for 2 years, under Gerald Ford. But Bush’s impact on the establishment would be large, as he would later be Reagan’s Vice President (and rumored that was more of a ‘President’ during this time than Reagan ever was) and eventually President of the United States, and father of a future president, George W. Bush (his son).
(NOTE: It is interesting that the shadowy figure would 30 years later popularize the phrase “One World Order”)
What kind of ‘organization’ is out of the public view, has the means to organize such an assassination, and the motive? All points to one organization, really the only capable organization of organizing such a project. Look at some evidence, such as this list compiled by Wikispooks, of attempted or successful assassination attempts on foreign leaders organized by the CIA since World War 2: https://wikispooks.com/wiki/US/Foreign_Assassinations_since_1945 And here’s “Alleged Assassination Plots Involving Foreign Leaders” as compiled by the US Senate in 1975: CIA_Alleged Assassination Plots Involving Foreign Leaders
With such overwhelming evidence of the CIA’s involvement in foreign assassinations, if only one of these ‘plots’ is true it’s reasonable to assume they all are true because after all, the CIA is a spy agency, not an overt military operation, so most of this is done with the clandestine service. And, if the CIA really does have a ‘hit squad’ trained to topple and kill foreign dictators, then it is reasonable to assume this same operative group inside the CIA could potentially use this same group domestically. In fact, it is the only group in the world capable of assassinating a US President so successfully, including the use of insiders to change the course of the motorcade, for example.
Or to use another analogy as a means of deductive logic, 95% of hackers are inside jobs – in other words, hackers very rarely breach security from the ‘outside’ – they rely on a rogue employee, security expert, or insider to provide key information such as passwords or other details needed to complete the job. This must have been the case with the murder of JFK because without those on the inside, such an epic target would not have been possible to hit. It was for this reason the ‘higher ups’ at the FBI wanted this case closed and not discussed, because there clearly were insiders working against JFK who provided key info and modifying security protocols leading to the assassination.
The peak of outrage against government-sponsored assassination was the mid-1970s, when the Senate Select Committee to Study Governmental Operations — better known as the Church committee — spent more than 60 days questioning 75 witnesses about C.I.A. plots of the late 1950s and early 1960s. Back in the darkest days of the cold war, the agency had devoted significant resources and creativity to devising unhappy ends for unsavory or inconvenient foreign leaders. Among those listed for assassination were Patrice Lumumba of the Congo, Ngo Dinh Diem of South Vietnam, Rafael Trujillo of the Dominican Republic and, most famously, Fidel Castro of Cuba, who survived no fewer than eight C.I.A. assassination plots. The senators on the committee were intent on divining the full extent of the government’s role in these plots. How much direct authority, for example, did Presidents Dwight Eisenhower and John Kennedy exert over them? The committee’s conclusions were vague at best. The truth was that neither president would have allowed his hand to show in such affairs. Times have changed. Our president now interrupts regularly scheduled broadcasting to announce the news of an assassination himself.
Perhaps the details of the JFK murder, public coverage, and FBI investigation would have been different had it happened in 2010. Certainly it was a different time, before the internet, and at a time of much happiness and prosperity. Since “JFK” we’ve had “911” which is another game changer event that put the US on a different path as it was during the 90s. Perhaps every generation needs such an event to ‘remind’ them of who is in charge? (Dr. Tony Blanton from Pine Crest Prep School is ringing in my ears ‘history is a struggle between the haves and the have nots and you are the movers and the shakers who are going to change society’)
What secrets are the ‘shadow government’ protecting or are they simply exercising their power to show the have nots that their ownership of the planet is above any government, any nation state, religion, or other entity? The UFO issue is concerning, particularly due to security concerns; because the information we do know is only bits and pieces from whistle-blowers and a few encounters that are not well documented. There are rumors that Eisenhower himself made a deal with the Aliens to keep them a secret in exchange for technology transfer through the military and corporate America. Maybe it was a good deal, maybe it never happened – who knows? The point is that, until real discovery and disclosure is achieved, we will be in the dark regarding important issues that can impact daily life on planet earth. Some important questions we need to ask beyond the shock value of understanding we are not alone in the universe:
- Who are these aliens, what do they want? What has been ‘agreed’ with them, if anything, and what current involvement do they have with US Military operations?
- What of the stories that some of these creatures are multi-dimensional, or from another ‘timeline’ (that they aren’t aliens from other planets but beings that live in many dimensions)?
- How can we address issues of exo-politics if the CIA was dethroned as the sole security to Area 51 and ultimately, controlling the diplomacy between such aliens, if any?
- Is there any truth to the stories they are abducting humans for purposes of experimentation, whether it be biological or genetic? What about the ‘hybrid’ projects? If there is truth to it, how to stop it?
- Do aliens have any current business arrangements with US corporations, US politicians, or are involved in major conflicts in any way? If so, this urgently needs to be addressed, and contracts re-evaluated. For example there are many accounts that UFOs were seen when nuclear warheads went dead (if even for a test).
- Are there any secret government ‘libraries’ or ‘archives’ where files about aliens are kept, if so – where are they and in what format?
What’s interesting about this issue that it seems to be a wealth of information right here under our own desert. It’s like the metaphor about exploring space when we know less about our deep oceans. There again, rumors of alien bases under the deep seas. The amount of information regarding the veracity of such stories is immense, and it has gone parabolic in the last years as many who were alive and working during these times before modern security protocols and training were in place, are retired, dying, or have passed information onto children.
Part 2: The New Evidence
1963 was a long time ago. New facts and evidence have surfaced, most interestingly – we are on the precipice of a major data dump by the US Government still to be determined, scheduled for ‘sometime’ in 2o17. See explanation from http://2017jfk.org :
In 1992, the President John F. Kennedy Assassination Records Collection Act mandated that in 2017 all remaining JFK records and redactions be released. However, the National Archives has recently informed federal agencies that if they intend on maintaining secrecy over these records they should begin preparing appeals to the next president of the United States. We are working to ensure that the law is upheld. We are calling on you, fellow Americans, to come together and ensure that our government upholds the law.
The parallel of the information secrecy both for the JFK murder and the UFO issue, and their purported interconnection, is interesting. If state secrets or a modern political organization were not at stake, why the hold up to release information about JFK? Everyone mostly already believes it was the CIA, a group we have shown capable of organizing assassinations of many foreign leaders, and recently (2016) was caught meddling in a US domestic election. The UFO issue can be the motive to cover up the JFK murder for so long, so deeply. And the less obvious, more subtle ‘can of worms’ argument, that if the US Government lied and hid the facts about JFK, of course – everything else including the 9/11 investigation would be open for re-investigation. This is another reason for waiting for so long because there’d be no one to ‘blame’ as those who orchestrated the conspiracy / cover-up would all be dead by now (or so the thinking of this strategy goes).
A recording of radio communications to and from Air Force One on November 22,1963, discovered in 2011, is among the most important new pieces of JFK evidence to emerge in recent years,
The tape, an edited excerpt from a longer recording, captures some of the communications of the leaders of U.S. national security agencies as they learned about the assassination of a sitting president.
I wrote about the importance of the Air Force One tape in the fall of 2013:
“Audio engineer on the trail of a long-lost JFK tape” (JFK Facts, Nov. 6, 2013)
“Enhanced Air Force One tape captures top general’s response to JFK’s murder” (JFK Facts, Oct. 19, 2013)
You can listen to it here.
Where was the Air Force One tape found?
This old-fashioned reel of analog tape surfaced at Philadelphia auction house in 2011. The recording was found in the estate of the family of Gen. Chester Clifton, a military aide to JFK. Clifton died in 1991. His children put the estate up for auction.
Bill Kelly, a JFK researcher, enlisted Primeau Forensics, a Michigan audio engineering firm, to produce a cleaned-up version of the tape.
What is significant in this piece of information, as far as data analysis is concerned, is the source. It was an unclassified transcript of a non-essential to the JFK operation (Project Environment). It only ‘suggests’ through information via what was said and not said, and as such, is not a ‘smoking gun’. But much like the UFO phenomenon, in a similar thread – it seems that it’s simply IMPOSSIBLE to keep such a high profile operation secret for so long. The analogy to the UFO issue is Dr. Steven Greer’s “Disclosure Project” available at www.disclosureproject.org; in summary:
Beginning in 1993, I started an effort that was designed to identify firsthand military and government witnesses to UFO events and projects, as well as other evidence to be used in a public disclosure. From 1993, we spent considerable time and resources briefing the Clinton Administration, including CIA Director James Woolsey, senior military officials at the Pentagon, and select members of Congress, among others. In April of 1997, more than a dozen such government and military witnesses were assembled in Washington DC for briefings with Congressmen, Pentagon officials and others. There, we specifically requested open Congressional Hearings on the subject. None were forthcoming.
These materials are, as you can now discern, only the tip of the iceberg of what we have recorded on digital videotape. That is, from over 120 hours of testimony by over 100 witnesses we transcribed only 33 hours and then further edited materials down to a fraction of that amount. Moreover, the full archive represents the testimony of only 100 witnesses of the more than 400 identified to date. The edited testimony will be appearing in book form. A portion of it appears in The Disclosure Project Briefing Document and only small excerpts and summary bios of testimony appear in this Executive summary. We hope in the future to secure funding for a 5-6 part broadcast quality video documentary series to be made from the videotaped testimony we have as the impact of hearing and seeing these witnesses speak is very moving.
This then brings me to my last point: The witnesses who have given testimony to date are extraordinarily brave men and women – heroes in my eyes – who have taken great personal risks in coming forward. Some have been threatened and intimidated. All are risking the ever-present ridicule that attends this subject. Not a single one of them has been paid for his or her testimony: It has been given freely and without reservation for the good of humanity. I wish to personally thank them here and extend to them my personal, highest respect and gratitude.
This summary is focusing on the testimony of important first-hand witnesses. We have thousands of government documents, hundreds of photographs, trace landing cases and more, but it is impossible to include them in a summary of this length. These materials will be made available for any serious scientific or Congressional inquiry.
These 2 issues are interrelated on so many levels, it’s only fitting that both have strong nonclassified, civilian groups dedicated to identifying, collecting, archiving, sorting, and classification of all relevant information on the topics. They are after all, significant issues, with implications on all sciences. These 2 topics may even be more important than recent scientific discoveries. For example, as hundreds of high level government witnesses have testified in the disclosure project, one of the technologies kept under lock and key by the CIA (as reverse engineered from ET) are several energy technologies including but not limited to ‘zero point’ energy which would literally, instantly end our dependence on oil, coal, and nuclear. This is just the tip of the iceberg, as hundreds of ground breaking tech has been leaked from ET such as thorium ‘clean’ nuclear technology, Kevlar, nanotechnology, advanced long distance energy communication, the ability to manipulate space time (or at least, to pass through a ‘wrinkle’ in time), and hundreds of others. The business element of this provides a solid motive alone, without religious, social, or political implications. There would be no need for 90% of the Fortune 500, the stock market would crash and the entire economic system as we know it would be immediately restructured (who would pay for gas when free energy is available?).
The public stated reason, for locking away the JFK files for 75 years, which plausibly is also the reason of keeping UFO information secret; is that the public ‘cannot handle the truth’ – that it would be ‘too much to handle’ – the first implication being some embarrasing political facts, such as the fact that the CIA with the help of insiders like LBJ were critical to the murder or completely organized it themselves. But that’s not hard to swallow, generations of hardened Americans watching real-time cameras on missiles bombing and maiming brown people (mostly) have become desensitized to such emotional dribble. But the elephant was in the room all along – this ‘shocking’ fact really is shocking, because it would change every aspect of life on our planet – quite literally (not figuratively). For example, having free energy would change manufacturing, transportation, computing – just about everything. It would change war, it would have implications into governance, we can skip religious implications and take the lead from the Catholic Church who is ahead of the information curve on this issue (for obvious reasons).
There is a lot of new evidence, much of which has been referenced in the below documentary – we chose this as an example because it was likely overlooked during the sweep of evidence hiding.
So there we have it, the JFK murder has been solved.
WHO – It was a sub-set of the Intelligence aparatus, MJ12/CIA under the direction of Allen Dulles operated by Jesus James Angleton, involving multiple CIA agents including but not limited to George H.W. Bush Sr.
WHAT – The murder of John Fitzgerald Kennedy (JFK) US President, Elite leader, representative of the powerful Kennedy clan, Irish Catholic, father, patriot, and civil servant
WHERE & WHEN – Dallas, Texas November 22, 1963
HOW – A fine tuned machine prepared the ultimate kill scene, which involved extensive research and planning, significant funding, resources, highly skilled and trained soldiers, and a ‘cover-up’ scenario which had to involve LBJ and others around JFK.
WHY – To maintain the big Illuminati secret – that the US Government has obtained technology from other worlds, given to us directly and reverse engineered, and this transfer of tech continues to this day – and that the revelation of what happened to JFK regarding the UFO issue would start a chain of events that would finally lead to the complete disclosure of this technology, and thus – change the entire global political and economic system forever.
Part 3: JFK to 911 Everything is a Rich Man’s Trick
This is a well documented detailed documentary that simply connects the dots between JFK and 911, and basically exposing the ‘pattern’ of such events, we can include the recent shootings in Las Vegas to the long string of such events. Some call them ‘false flag’ operations or “PsyOps” but really they are no more significant than your local pest control guy planting nests of ants and roaches near your home when business is slow. Since World War 2 there has not been a serious threat to the United States – and at the same time the US Military ‘over prepared’ for the possibility of going to war with ten planets, so all that needs to be justified. The Military Industrial Complex needs an enemy, it doesn’t matter if the enemy is Russia, or terrorists.. or aliens..
READ OUR LATEST BOOK SPLITTING BITS @ WWW.PLEASEORDERIT.COM/BITS
Short list of investigative groups, information sources, and other JFK related material sources:
Where Trump is failing to fix the economy with monetary policy
(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 explained in Splitting Pennies, it is monetary policy that ‘Trumps’ all else. Using The Gini Coefficient we can visualize what this means:
In economics, the Gini coefficient (sometimes expressed as a Gini ratio or a normalized Gini index) (/dʒini/ jee-nee) is a measure of statistical dispersion intended to represent the income or wealth distribution of a nation’s residents, and is the most commonly used measure of inequality. It was developed by the Italian statistician and sociologist Corrado Gini and published in his 1912 paper Variability and Mutability (Italian: Variabilità e mutabilità).
Taking a look at basic 2013 data (it’s worse since then) we get a picture of reality vs. what is said in the media. Using Russia as a good example to stay with the Trump theme, USA (41) has roughly the same Gini as Russia (40.9):
Remember that Russia is the unfair system that is a top-down Byzantine oligarchy, right? Then why Russia and USA share almost identical Gini, being surpassed only by the Banana Republics in South America?
Everyone in finance knows there are several things that Trump can do to fix the economic problems of USA in about 5 minutes:
- Surprise increase interest rates to 5% or 10%
- Import tariffs on Chinese crap
- Unwind USA’s Petro Dollar system (drink it!)
- Repeal the Dodd-Frank Consumer Rip-Off Fraud Act that has caused billions to flow out of USA. Make America the world’s banker once again. (This is our industry – FX – we know that this alone would create thousands and thousands of jobs and be a huge boost for the economy – billions would flow into USA and we’d again be the world’s banker. But this same approach likely applies to many industries. Dodd-Frank regulations killed FX and have cost millions of jobs.) We’ve outlined this in previous articles.
It’s not really practical to bring factories back to USA, however we have robot technology and the financial sector is a great example of how we can create high skilled high paid white collar jobs. But Trump seems to be more obsessed with form not essence (and his form is not good).
Oh – you’re thinking that a President can’t do that, right? President is a figurehead, only Congress can pass laws. That’s true. But Nixon did it. Somehow, Nixon was able to accomplish all these things in 1 day and created the floating FX market as it exists today. It was not Nixon’s only genius move, there were many. Was Nixon’s real genius just listening to his advisors like Henry? Either way, in practice, it fixed the problem – only to be unwound by future administrations. Was it a temporary fix? Of course – but that’s what we need. We need to unwind QE which is practically impossible, so jacking up rates is a first good start. Wall St. and the stock market will suffer. But they’ve had a long bull run.
Winter is coming – it’s bear time.
EES: Splitting Bits Digital Book released – Understanding Bitcoin and the Blockchain
(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 and Blockchain moving faster than ever, EES felt an urgent need to research this Currency niche and publish our findings in a book. Bitcoin is a Currency, and EES has been in the Currency management business for 15 years. What we learned is fascinating, that Bitcoin isn’t just a ‘fad’ but quite the opposite – Blockchain technology seems that soon it will be used everywhere. Get it now from www.pleaseorderit.com
Book Description: Splitting Bits takes the Bit World of Bitcoin and the Blockchain and splits it into bite sized pieces for your digestion pleasure. We explain Bitcoin for what it is – a digital currency, not so different from fiat currencies such as the Euro or Yen. Splitting Bits is the natural sequel to Splitting Pennies – Understanding Forex. A new Bit Paradigm has begun and the computer arms race to mine and hash and mint your own coin is important for everyone to understand. Blockchain is the most explosive, potent technology ever which is about to change the world, starting with Wall St. Bitcoin may be a ‘fad’ but the underlying Distributed Ledger Technology (DLT) is the new standard in Currency Trading, Banking, Securities, and new markets yet to be created. Old systems will be renovated and re-invented. Blockchain is spreading faster than a virus around the world where soon a “Kodak Moment” will make businesses obsolete (such as when Smartphones make Kodak irrelevant). If you’re feeling as you missed the opportunity to make 500,000% return by not buying some Bitcoin in 2011, now is an even greater opportunity – as we explain in this book. Bitcoin isn’t actually going up in price, it’s the US Dollar going down – there is a limited supply of Bitcoin, but the supply of US Dollar is unlimited. If you want to integrate Bitcoin for your business, Splitting Bits is your practical guide to simple steps of how you can accept Bitcoin payments and manage the risk of a volatile currency. For traders and investors, we explore the markets as they exist now and what the short term future holds. Splitting Bits has something for everyone, including our own proprietary Better Coin – learn how to make your own Coin logically, algorithmically. Learn how to avoid the fraud, which exists everywhere. Splitting Bits also includes how to guide for Bitcoin mining, and practical information for anyone who is confused, curious, or otherwise wants to improve their Bitcoin knowledge. Of course, we describe many Cryptocurrencies but use Bitcoin as the prime example. Join the Bit Paradigm and buyer beware – you won’t think the same about investing after reading. WARNING: Crypto trading is contagious!
Is Weather Modification Good For The Economy?
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 Florida. Two large-scale hurricanes and a strong earthquake in Mexico are the signs that the evacuation of Florida is not a game, but a really serious situation.
This unpleasant event development made many people ask questions such as “Are US climate engineering programs the reason for this catastrophic blow?”, “Is Harvey disaster made by the US government?” Many researchers say that the answer to this question is “Yes!” The next question is how much damage could the approaching hurricane Irma cause to the south of the country. Some researchers say that the US government has been working on hurricane modification programs for almost 70 years, and they all rely on historical documents that prove it.
On the other hand, power structure circles and corporate media deny those programs, which is not a surprise, as we learned through history. This situation brings the whole set of new questions such as “How much catastrophic damage have global engineering and weather warfare programs already cause in the world so far?”, “What is the next target, the general agenda?”, and “How much worse can these natural disasters could become in the future?”
Early Hurricane Modification Programs
The first known weather modification program was Project Cirrus in 1947. It was controlled by army and navy, seeding a hurricane of Georgia/Florida coast using a b-17 bomber. It was moving east with huge speed, but it suddenly changed course and came back to Georgia coast. One of the oldest programs that are still active is Project Stormfury, showing that the fully documented weather modification warfare was going on during the Vietnam War, with Project Popeye, causing the catastrophic and continuous flooding over the Ho Chi Minh trail. The trail was a logistical system that ran from Democratic Republic of Vietnam (North) to the Republic of Vietnam (South).
Modern Hurricane Modification Programs
Later, there were some significant cyclone studies that showed when tropical cyclones are saturated with aerosols, the intensity is reduced; the flow of energy from warming oceans is also reduced and the winds weaken. In order to disperse the atmospheric aerosols, government used military jets, but also putting aerosol spraying nozzles on mini commercial airplanes. Nowadays, aerosol dispersions over the oceans are constant, while the vast majority of population doesn’t know that the ongoing global climate engineering Manhattan Project is endangering the climate and life support system of the planet, spraying aerosols in both Pacific and Atlantic. There are even some NASA images that undoubtedly prove the existence of these events, especially in the Gulf of Mexico.
Can The Weather Modification Be Stopped?
Many experts believe that the climate engineering and weather warfare is the greatest imperative of the world today. Their advice is to gather and research all the weather modification-related material, reaching the critical mass. They say it would be the best to share all this information and credible data with organizations, agencies, friends, and elected officials. The goal is to explain that the opposing to climate engineering is a fight for both our lives and our planet’s life.
Weather Modification’s Impact On The Economy
Apart from devastating consequences of the recent hurricanes, there is a number of people who believe that these events are actually good for the economy. How and Why? Well, after the events in Texas and Florida, a lot of land and infrastructure are destroyed. The next logical step is to rebuild it all and that’s exactly where the economy and business can climb to the next level. Hurricane Harvey caused a $160 billion loss to the United States so far. Even though this disaster will impact gasoline prices and other goods, many believe that this period can be good for the job market, businesses, and the US economy in general.
Many economists say that those southern regions of the United States are going towards the quick recovery and could even experience a bump in growth from rebuilding. The Texas area has a large and growing population, but also attracts continuous investment in oil-related industry, which is an important part of the global trade. In general, when natural disasters show up in the economic data, it usually means a small growth bump which often happens few months after the storm, when rebuilding is at full speed.
So, Hurricane Harvey can end up being beneficial for the US economy in the form of construction spending, industrial production, and retail sales above the pre-disaster trend-lines over the next few quarters. Initial analysis of this disaster strike shows that the Harvey storm may end up being a good thing from a purely economic point of view. Experts say that the companies in the housing and construction sector could see the significant boost in the coming months.
Alpha Z Advisors offers an alternative to options investing
(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 LLC was ranked #1 Options Strategies Category by Barclay Hedge, a service that tracks funds’ strategies. So we wanted to learn more about on the Alpha Z Advisors strategy, as we have always supported options as a great way to not only hedge investments but also provide additional alpha to any portfolio. Also, futures options are generally traded on regulated exchanges – unlike FX which are mostly traded over the counter (OTC).
Who is Mike Connor?
Professional risk manager and former member of the Chicago Mercantile Exchange, who has more than 40 years’ experience in the futures and options industry.
What is the story behind Alpha Z Advisors?
Professor William Ziemba started Alpha Z Advisors, LLC with trading capital from friends and family. The initial investors were individuals he knew from the academic world in addition to a few referrals from the initial investors. The fund has grown in size from trading profits from the initial capital without attracting new investors.
How has the performance been?
2015 had great performance, more than 100% return, but it probably will never happen again due to a management decision to reduce initial margin to equity risk.
Why has it been so consistent?
The fund primarily trades options based on CME’s S&P 500 E-mini contract. Trading centers around the extreme prices of puts on the E-mini contract. The big money in trading options is made from being long, but returns are inconsistent (but the risk is usually very well controlled). The consistent money is made by being short options, but it comes with risk, and to stay in the game the risk has to be controlled.
How do you control the risk?
By properly hedging the positions either with other options or a futures position, and by margin to equity control. Short (selling) options positions are no different than an insurance company policies – you are selling price insurance. Like any insurance company, we’re going to have occasional disasters, like Katrina – but they should be manageable. Over a long time horizon, well managed market disasters should not prevent us from continuing to perform. We have had our share of ups and downs, and fortunately we have been able to survive all drawdowns. Good risk control and position sizing are the most important factors in any trading campaign.
What factors may impact the strategies’ performance?
Implied Volatility. Volatility is opportunity, but left unchecked it can be a horrible threat.
Considering the results, why do you think there’s not larger AUM?
Until recently we have not solicited publicly. This is our first concentrated effort at soliciting investors. In addition, we put together a minimum account size so high ($250K for the managed account, $100K for the fund). Our account size should eliminate many potential investors. We are looking for sophisticated investors that can take a part of their portfolio and take greater risk for a higher return.
How can investors ‘prove’ that the performance is ‘real’ – is there an institutional My FX Book ? There’s been a lot of CTA frauds that were real CTAs but used fake performance to lure investors – what assurances can we offer them about Alpha Z?
All the accounts – all the funds’ assets – all the performance results are compiled every month by an independent CPA firm. The statements themselves can be verified by the FCM.
Positions are manually stress-tested intra-day.
What makes Alpha Z Advisors LLC different than other CTAs?
I’m not sure if that’s the case, we have a very professional trading plan. You can go to Amazon and buy books published by our founder Dr. William Ziemba, actually he’s published more than 50 books on statistical abnormalities and opportunities in the stock market. It certainly does not mean we cannot lose, or have losing open positions – we are going to have losing positions there is no way around it. But overall, if we can control the risk and keep margin to equity at a reasonable level we should be able to survive during the bad times. We have, I think, enough excess margin to sit through a significant rise in implied volatility and still survive, if the positions and margin to equity can be properly controlled. Like any market position whether it is options or futures an unexpected giant gap opening is always a threat to open market position’s stability.
What makes the strategy different?
Trades are well positioned and I believe are market entry timing is very good. Our exposure is laid out over a broad time horizon (we don’t trade in nearby month, for example). If futures were a bullseye, you’d have to hit the target almost dead center to make a profit, with options, you can just hit the wall and still make a profit – of course, only with properly controlled risk and other parameters. I do not know how other CTA’s manage their positions and stress test their market risk, but I am confident our process is robust. What we do is not magic, it’s simply neutralizing the risk as much as possible, and there is a number of ways we accomplish that. It is all about understanding what the options can do if they move against you, and how you can respond adverse market activity.
The execution is done by a professional service. One way we keep our costs down other than accounting, is to try and soft dollar expenses through a soft dollar basis.
Customers are free to choose any brokerage house they want that clears at the CME. If customers do not have any preference, we are happy to set them up with our preferred FCM.
For more information contact:
Or visit www.alphazadvisors.com
This article/interview is for information/educational purposes only and is privileged, confidential and proprietary. This article/interview is NOT an offer to sell or a solicitation of any investment products or other financial product or services, is NOT an official confirmation of any transaction, or an official statement. Past performance is not indicative of future results. There is a substantial high and unlimited level of risk of loss in trading commodity futures, options, options writing, equities and off-exchange foreign currency products; such trading is not suitable for all investors. Investors should only invest money they can afford to lose.
Summary1: Options investing is a difficult subject few dare to explore. In this candid interview we explore the innards of a real life options CTA.
EXPOSED: The real creator of Bitcoin is likely the NSA as One World Currency
(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 a deteriorating asset so let’s get right down to it. Who created Bitcoin, and why? Before we get started just a quick note to all those that haven’t read Splitting Pennies – which is a great primer for those interested in Bitcoin and where it will go next.
The creator of Bitcoin is officially a name, “Satoshi Nakamoto” – very few people believe that it was a single male from Japan. For more detailed analysis about who is Satoshi Nakamoto see this article and the official Wikipedia entry. In the early days of Bitcoin development this name is associated with original key-creation and communications on message boards, and then the project was officially handed over to others at which point this Satoshi character never appeared again (Although from time to time someone will come forward saying they are the real Satoshi Nakamoto, and then have their posts deleted).
Bitcoin could very well be the ‘one world currency’ that conspiracy theorists have been talking about for some time. It’s a kill five birds with one stone solution – not only is Bitcoin an ideal one world currency, it allows law enforcement a perfect record of all transactions on the network. It states very clearly on bitcoin.org (the official site) in big letters “Bitcoin is not anonymous” :
Some effort is required to protect your privacy with Bitcoin. All Bitcoin transactions are stored publicly and permanently on the network, which means anyone can see the balance and transactions of any Bitcoin address. However, the identity of the user behind an address remains unknown until information is revealed during a purchase or in other circumstances. This is one reason why Bitcoin addresses should only be used once. Always remember that it is your responsibility to adopt good practices in order to protect your privacy. Read more about protecting your privacy.
Another advantage of Bitcoin is the problem of Quantitative Easing – the Fed (and thus, nearly all central banks in the world) have painted themselves in a corner, metaphorically speaking. QE ‘solved’ the credit crisis, but QE itself does not have a solution. Currently all currencies are in a race to zero – competing with who can print more money faster. Central Bankers who are in systemic analysis, their economic advisors, know this. They know that the Fiat money system is doomed, all what you can read online is true (just sensationalized) – it’s a debt based system based on nothing. That system was created, originally in the early 1900’s and refined during Breton Woods followed by the Nixon shock (This is all explained well in Splitting Pennies). In the early 1900’s – there was no internet! It is a very archaic system that needs to be replaced, by something modern, electronic, based on encryption. Bitcoin! It’s a currency based on ‘bits’ – but most importantly, Bitcoin is not the ‘one world currency’ per se, but laying the framework for larger cryptocurrency projects. In the case of central banks, who control the global monetary system, that would manifest in ‘Settlement Coin’ :
Two resources available almost exclusively to central banks could soon be opened up to additional users as a result of a new digital currency project designed by a little-known startup and Swiss bank UBS. One of those resources is the real-time gross settlement (RTGS) system used by central banks (it’s typically reserved for high-value transactions that need to be settled instantly), and the other is central bank-issued cash. Using the Utility Settlement Coin (USC) unveiled today, the five-member consortium that has sprung up around the project aims to help central banks open-up access to these tools to more customers. If successful, USC has the potential to create entirely new business models built on instant settling and easy cash transfers. In interview, Robert Sams, founder of London-based Clearmatics, said his firm initially worked with UBS to build the network, and that BNY Mellon, Deutsche Bank, ICAP and Santander are only just the first of many future members.
In case you didn’t read Splitting Pennies or don’t already know, the NSA/CIA often works for big corporate clients, just as it has become a cliche that the Iraq war was about big oil, the lesser known hand in global politics is the banking sector. In other words, Bitcoin may have very well been ‘suggested’ or ‘sponsored’ by a banker, group of banks, or financial services firm. But the NSA (as we surmise) was the company that got the job done. And probably, if it was in fact ‘suggested’ or ‘sponsored’ by a private bank, they would have been waiting in the wings to develop their own Bitcoin related systems or as in the above “Settlement Coin.” So the NSA made Bitcoin – so what?
It isn’t really important who or why created Bitcoin as the how – and the how is open source, so experts have dug through the code bit by bit (pun intended). If the who or why isn’t important – why did we write an article about it?
The FX markets currently represent the exchange between ‘major’ and ‘minor’ currencies. In the future, why not too they will include ‘cryptocurrencies’ – we’re already seeing the BTC/EUR pair popup on obscure brokers. When BTC/USD and BTC/EUR are available at major FX banks and brokers, we can say – from a global FX perspective, that Bitcoin has ‘arrived.’ Many of us remember the days when the synthetic “Euro” currency was a new artificial creation that was being adopted, although the Euro project is thousands of degrees larger than the Bitcoin project. But unlike the Euro, Bitcoin is being adopted at a near exponential rate by demand (Many merchants resisted the switch to Euros claiming it was eating into their profit margins and they were right!).
And to answer the question as to why Elite E Services is not actively involved in Bitcoin the answer is that previously, you can’t trade Bitcoin. Now we’re starting to see obscure brokers offering BTC/EUR but the liquidity is sparse and spreads are wacky – that will all change. When we can trade BTC/USD just like EUR/USD you can bet that EES and a host of other algorithmic FX traders will be all over it! It will be an interesting trade for sure, especially with all the volatility, the cross ‘pairs’ – and new cryptocurrencies. For the record, for brokers- there’s not much difference adding a new symbol (currency pair) in MT4 they just need liquidity, which has been difficult to find.
So there’s really nothing revolutionary about Bitcoin, it’s just a logical use of technology in finance considering a plethora of problems faced by any central bank who creates currency. And there are some interesting caveats to Bitcoin as compared to major currencies; Bitcoin is a closed system (there are finite Bitcoin) – this alone could make such currencies ‘anti-inflationary’ and at the least, hold their value (the value of the USD continues to deteriorate slowly over time as new M3 introduced into the system.) But we need to pay
Another thing that Bitcoin has done is set the stage for a cryptocurrency race; even Google is investing in Bitcoin alternatives:
Google Ventures and China-based IDG Capital Partners are the second group of tech investors in two months to place a bet on OpenCoin, the company behind the currently-in-beta Ripple open-source payments protocol. OpenCoin announced today that it had closed an additional round of funding — the amount wasn’t specified — with Google Ventures and IDG Capital Partners. (Hat tip to GigaOM for the news.) Last month, OpenCoin wrapped up an earlier angel round of funding from another high-profile group of technology VCs: Andreessen Horowitz, FF Angel IV, Lightspeed Venture Partners, Vast Ventures and the Bitcoin Opportunity Fund.
Here’s some interesting theories about who or whom is Satoshi:
A corporate conglomerate
Some researchers proposed that the name ‘Satoshi Nakamoto’ was derived from a combination of tech companies consisting of Samsung, Toshiba, Nakayama, and Motorola. The notion that the name was a pseudonym is clearly true and it is doubtful they reside in Japan given the numerous forum posts with a distinctly English dialect.
Craig Steven Wright
This Australian entrepreneur claims to be the Bitcoin creator and provided proof. But soon after, his offices were raided by the tax authorities on ‘an unrelated matter’
Soon after these stories were published, authorities in Australia raided the home of Mr Wright. The Australian Taxation Office said the raid was linked to a long-running investigation into tax payments rather than Bitcoin.
Questioned about this raid, Mr Wright said he was cooperating fully with the ATO.
“We have lawyers negotiating with them over how much I have to pay,” he said.
Other potential creators
Nick Szabo, and many others, have been suggested as potential Satoshi – but all have denied it:
The New Yorker published a piece pointing at two possible Satoshis, one of whom seemed particularly plausible: a cryptography graduate student from Trinity College, Dublin, who had gone on to work in currency-trading software for a bank and published a paper on peer-to-peer technology. The other was a Research Fellow at the Oxford Internet Institute, Vili Lehdonvirta. Both made denials.
Fast Company highlighted an encryption patent application filed by three researchers – Charles Bry, Neal King and Vladimir Oksman – and a circumstantial link involving textual analysis of it and the Satoshi paper which found the phrase “…computationally impractical to reverse” in both. Again, it was flatly denied.
THE WINNER: It was the NSA
The NSA has the capability, the motive, and the operational capacity – they have teams of cryptographers, the biggest fastest supercomputers in the world, and they see the need. Whether instructed by their friends at the Fed, in cooperation with their owners (i.e. Illuminati banking families), or as part of a DARPA project – is not clear and will never be known (unless a whistleblower comes forward). In fact, the NSA employs some of the best mathematicians and cryptographers in the world. Few know about their work because it’s a secret, and this isn’t the kind of job you leave to start your own cryptography company.
But the real smoking Gun, aside from the huge amount of circumstantial evidence and lack of a credible alternative, is the 1996 paper authored by NSA “HOW TO MAKE A MINT: THE CRYPTOGRAPHY OF ANONYMOUS ELECTRONIC CASH” available here.
The NSA was one of the first organizations to describe a Bitcoin-like system. About twelve years before Satoshi Nakamoto published his legendary white paper to the Metzdowd.com cryptography mailing list, a group of NSA information security researchers published a paper entitled How to Make a Mint: the Cryptography of Anonymous Electronic Cash in two prominent places, the first being an MIT mailing list and the second being much more prominent, The American Law Review (Vol. 46, Issue 4 ).
The paper outlines a system very much like Bitcoin in which secure financial transactions are possible through the use of a decentralized network the researchers refer informally to as a Bank. They list four things as indispensable in their proposed network: privacy, user identification (protection against impersonation), message integrity (protection against tampering/substitution of transaction information – that is, protection against double-spending), and nonrepudiation (protection against later denial of a transaction – a blockchain!).
“We will assume throughout the remainder of this paper that some authentication infrastructure is in place, providing the four security features.” (Section 1.2)
It is evident that SHA-256, the algorithm Satoshi used to secure Bitcoin, was not available because it came about in 2001. However, SHA-1 would have been available to them, having been published in 1993.
Why would the NSA want to do this? One simple reason: Control.
As we explain in Splitting Pennies – the primary means the US dominates the world is through economic policy, although backed by bombs. And the critical support of the US Dollar is primarily, the military. The connection between the military and the US Dollar system is intertwined inextricably. There are thousands of great examples only one of them being how Iraq switched to the Euro right before the Army’s invasion.
In October 2000 Iraq insisted on dumping the US dollar – ‘the currency of the enemy’ – for the more multilateral euro. The changeover was announced on almost exactly the same day that the euro reached its lowest ebb, buying just $0.82, and the G7 Finance Ministers were forced to bail out the currency. On Friday the euro had reached $1.08, up 30 per cent from that time.
Almost all of Iraq’s oil exports under the United Nations oil-for-food programme have been paid in euros since 2001. Around 26 billion euros (£17.4bn) has been paid for 3.3 billion barrels of oil into an escrow account in New York. The Iraqi account, held at BNP Paribas, has also been earning a higher rate of interest in euros than it would have in dollars.
The point here is there are a lot of different types of control. The NSA monitors and collects literally all electronic communications; internet, phone calls, everything. They listen in even to encrypted voice calls with high powered microphones, devices like cellphones equipped with recording devices (See original “Clipper” chip). It’s very difficult to communicate on planet Earth in private, without the NSA listening. So it is only logical that they would also want complete control of the financial system, including records of all electronic transactions, which Bitcoin provides.
Could there be an ‘additional’ security layer baked into the Blockchain that is undetectable, that allows the NSA to see more information about transactions, such as network location data? It wouldn’t be so far fetched, considering their past work, such as Xerox copy machines that kept a record of all copies made (this is going back to the 70’s, now it’s common). Of course security experts will point to the fact that this layer remains invisible, but if this does exist – of course it would be hidden.
More to the point about the success of Bitcoin – its design is very solid, robust, manageable – this is not the work of a student. Of course logically, the NSA employs individuals, and ultimately it is the work of mathematicians, programmers, and cryptographers – but if we deduce the most likely group capable, willing, and motivated to embark on such a project, the NSA is the most likely suspect. Universities, on the other hand, didn’t product white papers like this from 1996.
Another question is that if it was the NSA, why didn’t they go through more trouble concealing their identity? I mean, the internet is rife with theories that it was in fact the NSA/CIA and “Satoshi Nakamoto” means in Japanese “Central Intelligence” – well there are a few answers for this, but to be congruent with our argument, it fits their profile.
Where could this ‘hidden layer’ be? Many think it could be in the public SHA-256, developed by NSA (which ironically, was the encryption algorithm of choice for Bitcoin – they could have chosen hundreds of others, which arguably are more secure):
Claims that the NSA created Bitcoin have actually been flung around for years. People have questioned why it uses the SHA-256 hash function, which was designed by the NSA and published by the National Institute for Standards and Technology (NIST). The fact that the NSA is tied to SHA-256 leads some to assume it’s created a backdoor to the hash function that no one has ever identified, which allows it to spy on Bitcoin users.
“If you assume that the NSA did something to SHA-256, which no outside researcher has detected, what you get is the ability, with credible and detectable action, they would be able to forge transactions. The really scary thing is somebody finds a way to find collisions in SHA-256 really fast without brute-forcing it or using lots of hardware and then they take control of the network,” cryptography researcher Matthew D. Green of Johns Hopkins University said in a previous interview.
Then there’s the question of “Satoshi Nakamoto” – if it was in fact the NSA, why not just claim ownership of it? Why all the cloak and dagger? And most importantly, if Satoshi Nakamoto is a real person, and not a group that wants to remain secret – WHY NOT come forward and claim your nearly $3 Billion worth of Bitcoin (based on current prices).
The CIA Project, a group dedicated to unearthing all of the government’s secret projects and making them public, hasreleased a video claiming Bitcoin is actually the brainchild of the US National Security Agency.
The video entitled CIA Project Bitcoin: Is Bitcoin a CIA or NSA project? claims that there is a lot of compelling evidences that proves that the NSA is behind Bitcoin. One of the main pieces of evidence has to do with the name of the mysterious man, woman or group behind the creation of Bitcoin, “Satoshi Nakamoto”.
According to the CIA Project, Satoshi Nakamoto means “Central Intelligence” in Japanese. Doing a quick web search, you’ll find out that Satoshi is usually a name given for baby boys which means “clear thinking, quick witted, wise,” while Nakamoto is a Japanese surname which means ‘central origin’ or ‘(one who lives) in the middle’ as people with this surname are found mostly in the Ryukyu islands which is strongly associated with the Ryūkyū Kingdom, a highly centralized kingdom that originated from the Okinawa Islands. So combining Nakamoto and Satoshi can be loosely interpreted as “Central Intelligence”.
Is it so really hard to believe? This is from an organization that until the Snowden leaks, secretly recorded nearly all internet traffic on the network level by splicing fiber optic cables. They even have a deep-sea splicing mission that will cut undersea cables and install intercept devices. Making Bitcoin wouldn’t even be a big priority at NSA.
Certainly, anonymity is one of the biggest myths about Bitcoin. In fact, there has never been a more easily traceable method of payment. Every single transaction is recorded and retained permanently in the public “blockchain”. The idea that the NSA would create an anarchic, peer-to-peer crypto-currency in the hope that it would be adopted for nefarious industries and become easy to track would have been a lot more difficult to believe before the recent leaks by Edward Snowden and the revelation that billions of phone calls had been intercepted by the US security services. We are now in a world where we now know that the NSA was tracking the pornography habits of Islamic “radicalisers” in order to discredit them and making deals with some of the world’s largest internet firms to insert backdoors into their systems.
And we’re not the only ones who believe this, in Russia they ‘know’ this to be true without sifting through all the evidence.
Nonetheless, Svintsov’s remarks count as some of the more extreme to emanate from the discussion. Svintsov told Russian broadcast news agency REGNUM:“All these cryptocurrencies [were] created by US intelligence agencies just to finance terrorism and revolutions.”Svintsov reportedly went on to explain how cryptocurrencies have started to become a payment method for consumer spending, and cited reports that terrorist organisations are seeking to use the technology for illicit means.
Let’s elaborate on what is ‘control’ as far as the NSA is concerned. Bitcoin is like the prime mover. All future cryptocurrencies, no matter how snazzy or functional – will never have the same original keys as Bitcoin. It created a self-sustained, self-feeding bubble – and all that followed. It enabled law enforcement to collect a host of criminals on a network called “Silk Road” and who knows what other operations that happened behind the scenes. Because of pesky ‘domestic’ laws, the NSA doesn’t control the internet in foreign countries. But by providing a ‘cool’ currency as a tool, they can collect information from around the globe and like Facebook, users provide this information voluntarily. It’s the same strategy they use like putting the listening device in the chips at the manufacturing level, which saves them the trouble of wiretapping, electronic eavesdropping, and other risky methods that can fail or be blocked. It’s impossible to stop a cellphone from listening to you, for example (well not 100%, but you have to physically rewire the device). Bitcoin is the same strategy on a financial level – by using Bitcoin you’re giving up your private transactional information. By itself, it would not identify you per se (as the blockchain is ‘anonymous’ but the transactions are there in the public register, so combined with other information, which the NSA has a LOT OF – they can triangulate their information more precisely.
That’s one problem solved with Bitcoin – another being the economic problem of QE (although with a Bitcoin market cap of $44 Billion, that’s just another day at the Fed buying MBS) – and finally, it squashes the idea of sovereignty although in a very, very, very subtle way. You see, a country IS a currency. Until now, currency has always been tied to national sovereignty (although the Fed is private, USA only has one currency, the US Dollar, which is exclusively American). Bitcoin is a super-national currency, or really – the world’s first one world currency.
Of course, this is all great praise for the DOD which seems to have a 50 year plan – but after tens of trillions spent we’d hope that they’d be able to do something better than catching terrorists (which mostly are artificial terrorists).
get the book Splitting Pennies.
RESEARCH & REFERENCES
5/6/2018 This article is nearly a year old here are some updated links that were hidden or didn’t exist when this article was written, good well deserved reads:
https://thehackernews.com/2017/07/gnupg-libgcrypt-rsa-encryption.html Bitcoin ‘can be’ hacked, as researchers hack RSA-1024
Timeshare Fraud – the hot new securities fraud
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 same time losing millions to Forex fraudsters which ironically the regulations failed to stop); we are sensitive on fraud – especially that which does not appear to be on the surface! And as markets evolve, so do fraud models..
SAN DIEGO – Jeffrey Spanier, a 51-year-old former owner of Amerifund Capital Finance, LLC located in Boca Raton, Florida, was convicted by a federal jury today for his role in an elaborate stock-loan fraud scheme in which executives and shareholders of publicly traded corporations collectively lost over $100 million when the stock they pledged as collateral for loans was immediately sold in order to fund the loans.
Why this is a good example though – this fraud was perpetrated at the highest levels. Victims of this fraud included the who’s who of Wall St., corporate executivies, ultra high net worth individuals, and even Bono (
This may have to be a multi-part series as we uncover this new type of fraud which may be the next big ‘securities fraud’ as what we are looking at – appears to be unregistered securities. Let’s start with a short history of what a timeshare is and how we got where we are.
Long ago, before the dinosaurs, the Johnson family wanted to share their lake cottage with the Smith family for the summer, and asked them to kick in for the repairs of the old dock. Or something like that. And then it became a business – of course starting from the infamous Fort Frauderdale, Florida (during this time Boca Raton was still a swamp, inhabitied only by IBM and some Japanese..)
The first timeshare in the United States was started in 1974 by Caribbean International Corporation (CIC), based in Fort Lauderdale, Florida. It offered what it called a 25-year vacation license rather than ownership. The company owned two other resorts the vacation license holder could alternate their vacation weeks with: one in St. Croix and one in St. Thomas; both in the U.S. Virgin Islands. The Virgin Islands properties began their timeshare sales in 1973 with owners Hillie Meyers, Don Saunders, and Arthur Zimand.
How we got to where we are today follows the same path of all industries; fuelled by Fed policy of cheap money, an expanding real estate market, retiring rich baby boomers, and all the other favorable demographics. But what insiders in this industry learned quickly was that, they were really selling the dream. It was possible to sell the nothing, the artificiality. “Real” estate is just that – it’s real. Timeshare owners don’t really ‘own’ anything, if you read the agreements – it’s a contract to pay, an obligation – in perpetuity. Every time share contract is different but in no case is there actual ownership of ‘real estate’ – you may own the ‘rights’ to a ‘membership’ but if it cannot be ‘sold’ then what kind of ownership is that really? What they learned was that the profit here was all in the sizzle, not in the steak – and if they could enhance the sizzle to be 99% and serve Grade B flank steak, they’d have a winning model to become very rich, which was borderline legal. While the timeshare industry itself is ‘legal’ and in some states there are ‘regulations’ – many of the tactics they use, contracts they offer, are illegal. Many of the ‘salespeople’ they hire, have criminal records for financial fraud. In fact, the FTC currently has hundreds of criminal investigations against timeshare companies, timeshare resale scams, timeshare fraud, and related illegal activities. Similar to how the Forex fraud we saw had nothing to do with Forex, many of these frauds have nothing to do with timeshares. People are so desperate to sell their obligations, when a scammer calling from Mexico says he can ‘resell’ your timeshare (which is practically impossible) hopeful victims wire thousands of dollars to the foreign bank account with little respute. Doesn’t sound like a lot of money for a scam, but – multiplied by the 10 Million timeshare owners out there, this can add up to millions of dollars for the fraudsters.
When you ‘buy’ a timeshare ‘contract’ it’s sort of like a debt, you are obligated to pay and if you die, your children will inherit the payments. Sounds a lot like a bond! Yes, these are unregistered securities. The ‘exchange’ as they call it, RCI, is an unregistered exchange. There are issues with the SEC, the CFTC, the states, and possibly even anti-trust issues. Some of these issues are starting to be talked about in the financial media:
- Analysts upgrading HGV are not considering the ‘dark side’ of this industry.
- Potential liabilities can spring up anytime that can change this tune.
- Angry customers complain, which can soon become lawsuits, with deleterious consequences.
About half of the big timeshare companies are public companies, so here’s where the biggest issues lie. Because public companies are required to follow rules such as disclosure rules that don’t apply to private companies. So this may be where we see the first complaints.
Really what it comes down to, is a broken model. Not all timeshares are frauds – but in an inflationary environment, is such a model – fraud removed – profitable anymore? It’s like the Series 7 stockbroker, who used to charge a percent of the trade – now anyone can place their own trade for $9.99 or less whilst sitting in their bathrobe petting their cat. The timeshare model is a broken bricks and mortar model from the past, it’s dead like the shopping mall is dead, just like Amazon is killing retail stores, new upstarts that remain to be seen (still do not exist) will cannabalize this rotten model. In the meantime, there’s a lot to be decided in court.
Even according to industry ‘official’ statistics, about 17% of timeshare owners are not happy. Although Diamond is now private and bigger companies have ‘cleaned up’ their act, reports of false imprisonment, fraud by trickery, misleading sales statements, and outright refusals to comply with customers requests, and just a few of the things still going on.. just read sites like this Consumer Reports (RCI):
We see no reason to sign up for RCI except to give the company money. We are new members who tried to use RCI for the first time. We wanted to visit El Dorado Suites, Riviera Maya, using our exchange. Through RCI, we have to pay a $399 fee for a mandatory 7-day visit. RCI requires we also pay a $2500 “Mandatory all inclusive” fee for the El Dorado. So that’s the cost of our RCI membership, plus a $399 fee, plus a $2500 all-inclusive fee. Curious, we logged into El Dorado’s home page and found we could sign up for the exact same vacation, not using RCI, for a total cost of $2200, also all-inclusive. So the all-inclusive fee alone is more than the actual cost of staying at the El Dorado Suites, without having ever met an RCI salesperson.
I have been with RCI approx 12yrs. My previous issues have been the fact that they charge for unused points… Live and learn. My complaint is that I had to cancel a reservation. It’s unfortunate but situations do arise and plans have to get changed. I cancelled 5-days prior to my check-in date. RCI WILL NEITHER REFUND NOR CREDIT my charge of $99.00! They say they have a 24-hour ‘grace period’. I feel this is a major RIP-OFF to consumers and extremely bad business practice. I have contacted them by email, customer service and ‘blabbering’ supervisor. I was told “they have to keep the lights on” in order to provide their service. Well, RCI, my lights need to be on as well!! BUYER BEWARE.
You get the idea. One can spend a weekend reading these, it does make more interesting reading than outright financial fraud, but eventually it will make you want to vomit. You can’t call this a business model – you have to call it ‘fraud’ or ‘scam’ because it’s like that. If normal companies operated like this, they’d be shut down. Imagine walking into Wal Mart and instead of their ‘no questions asked’ return policy they argued with you and told you there was a ‘grace period’ or some such nonsense, there would be riots, boycotts – Wal Mart would be no more. 90% of business operates like that. The only exception is software sales because practically, once you ‘download’ the software you can copy it and there’s no way to prove that you didn’t. Other than that – and some other rare exceptions, you can’t lock people in a room for 8 hours without their permission. Readers – this is a time-bomb waiting to explode! How can we profit from it? Short the stocks; (HGV) (WYN) (VAC) et al
If you own a timeshare and want out, there are only a few lawfirms who are actually law firms who can do this for you, like this one Fortis Law Group PLC. There are also hundreds of scam companies claiming to be ‘timeshare resale experts’ who even have ‘licenses’ to do this – but beware – this is a scam too! This industry is filled with fraud from one end of the business cycle to the other. It can only be explained by George Carlin, with this clip:
We know what we have to do. Let’s get working!
The valuation of financial knowledge
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 teach these secrets to the masses? It’s the same reason a magician doesn’t reveal his tricks. But just like children are fascinated with the skilled magician pulling the rabbit out of a hat, adults are fascinated with the financial wizardry of financial experts. We show you in our simple to follow introductory course that finance and investing is not magic. Just like the magician, financial experts simply are well trained, and follow a financial philosophy of their choosing (there are several) such as “Value Investing.” Due to the internet, obtaining this knowledge is possible for anyone in any place at any time. It’s not necessary to go to an expensive Business school like Harvard or Wharton anymore (although, you won’t make high level connections anywhere else) to gain financial knowledge. You can do it in the comfort of your own home.
The study of knowledge is known as Epistemology, roughly defined as:
Epistemology studies the nature of knowledge, justification, and the rationality of belief. Much of the debate in epistemology centers on four areas: (1) the philosophical analysis of the nature of knowledge and how it relates to such concepts as truth, belief, and justification, (2) various problems of skepticism, (3) the sources and scope of knowledge and justified belief, and (4) the criteria for knowledge and justification.
This definition provides a great template of how to understand what is financial knowledge and how to value it. If one knows how to take a dollar and turn it into two – this certainly is priceless. But there’s a big spectrum of financial knowledge, ranging from Wall St. genius to understanding personal finance and how to properly file taxes. The problem of the valuation of an investment strategy for example, it is binary – either it works, or it doesn’t. The difference between a 15% return and a 17% return is not statistically significant. But how to look at the mathematics of a return, and determine the difference between Bernie Madoff and George Soros? That’s priceless.
The importance is to understand the ‘gestalt’ of what markets are, how finance works, that is – practically. Any system can be analyzed and understood by looking at its components and how they behave together. The specialization of finance has confused the larger view, with experts teaching micro-subjects like how to trade Candlestick patterns, or ‘how to make money’ using these simple tools. Making money is sometimes easy – many people stumble upon good luck and money falls into their hands. Not losing money, that is very difficult – something very few rich people and businesses can achieve. Only a full understanding of how markets operate globally, will make you a great trader – as well, will protect you from losing. Not losing is the big secret to financial success. It’s why investors are so concerned about risks. If one can simply not lose, ultimately what’s left will be profits and growth. Tools such as understanding risk, and even quantifying risk (as much as possible) are priceless.
Building a financial knowledgebase is like building a house; the first step is to make a blueprint (usually by hiring an architect) and laying a strong foundation. By having a strong foundation, the building materials of your knowledge (wood, stone, clay) are not as important. With a ‘basement’ which is the modern day equivalent of a bunker, you’ll be able to withstand any tornado or storm that may rock the markets and the economy. Having a defense line, financially speaking – is the most important tactic in any personal finance strategy. For businesses too, but most business does this intuitively (not relying on a single customer or single product line). Tools like hedging, even if simple – can be extremely powerful. Preppers take things to the extreme but provide a great living example of how everyone should act regarding their financial portfolio – hope for the best and prepare for the worst. A portfolio should be like a castle – capable of withstanding any disaster, war, or siege.
It’s true that the world’s Elite engineer financial disasters like stock market crashes to seize the wealth of the growing middle class. It’s like culling the herd for fresh competition. But the good news, seeded into this system are the tools to protect you and even profit. For the first time in history, anyone can access the same tools the Elite have used for centuries to maintain their wealth and seize the wealth of others. This knowledge can also help you in your career, in your business, in your portfolio, or for your retirement.
There’s never been a better time than now to build financial knowledge for yourself. Whether you are wealthy and want to protect your wealth, or are not and want to grow your portfolio and become wealthy – a solid financial understanding of business and the markets is the first step towards achieving real financial self-actualization.
With our system as a whole, top-wards down approach, you’ll learn to understand your business better, by understanding where money comes from, how it’s exchanged, how it’s valued, loaned, securitized, packaged and repackaged. Money has become the most virulent electronic commodity in the world and is the least talked about.
Fed Study: Fake News drives Fake Markets
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 by the mainstream news. As we explain in our book Splitting Pennies – the markets are artificially inflated and manipulated by remote control (yes – that remote control. It’s a metaphor!) TV watchers have a ‘remote control’ and so does the CIA. They press ‘play’ and markets move as they want. Just as TV viewers change the channel the CIA changes the ‘mood’ of the country with a few clicks of the remote. They even have a pause button! From Bloomberg:
Buy the news and sell the soft data. That’s the conclusion drawn from a paper by the Federal Reserve Bank of San Francisco, which suggests that financial news holds predictive power when it comes to a slew of economic data. Stories about the U.S. economy can even outperform more traditional measures such as surveys of consumer sentiment when it comes to gauging ‘‘animal spirits’’ and forecasting future activity, it found. While trust in news sources among the general American population has fallen to historic lows amid accusations of fake news lobbed during the U.S. presidential elections, the Fed research throws cold water on the notion that the mainstream media is far removed from Main Street, if headline economic indicators are anything to go by.
“Specifically, we have shown that sentiment extracted from newspaper articles correlates with both contemporaneous and future key business cycle indicators,” economists Adam Hale Shapiro and Daniel Wilson of the San Francisco Fed concluded in a report co-written last month with Moritz Sudhof, of data analytics firm Kanjoya. “In a head-to-head comparison, these news sentiment measures perform better than both the University of Michigan and Conference board measures of consumer sentiment.”
The paper is very well documented, an A+. Great job. We by no means mean to detract from the great work accomplished here by paraphrasing the paper as ‘fake news drives fake markets’ – it simply serves as a great example of yet another proof how markets are manipulated, even if as the paper suggests – indirectly.
To add some real Alpha to your portfolio, checkout www.alphazadvisors.com For a pocket guide designed to make you a market Genius – Checkout Splitting Pennies Understanding Forex @ www.splittingpennies.com and get a free robot – too!
EES: Penny Splitter Forex Strategy released for MT5
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 strategy that trades on a single pair, every x pips, with a small trade, betting on a trend reversal. PS has very simple logic; If the pair is going up it sells, and if the pair is going down, it buys. It uses small trades and gradually increases by counting (i.e. 1,2,3,4,5,6); and thus ‘legging in’ to a trade rather than trying to pick the perfect entry point.
EES: Author of Splitting Pennies, Joe Gelet, interviewed on Podcast
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: