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It is altogether fitting that crypto currencies, in particular Bitcoin, have witnessed a meteoric rise in this illusionary age.
Not only has their monetary value gone to dizzying heights, but they are now being touted as the destroyer of the current, crumbling monetary order and the next paradigm upon which a new money and banking system will emerge.
In an era where sacrifice, hard work, loyalty, ingenuity, tradition, and independent thought are considered anathemas, while affirmative action, sloth, effeminacy, office seeking, and something-for-nothing schemes are endemic in every walk of life, it is not surprising that non-tangible, computer-generated currencies would become a “natural” feature of such a world.
Two weeks after Ray Dalio warned in his latest letter to Bridgewater clients that the right trade in the current environment is to buy gold in case “things go badly”, the head of the world’s biggest hedge fund is out with his gravest warning yet, saying that he is “concerned about growing internal and external conflict leading to impaired government efficiency.” In his LinkedIn post, he writes that he “continues to closely watch how conflict is being handled a guide, and I’m not encouraged.”
Echoing a similar warning issued just days ago from perhaps the most prominent name in all of finance, Lord Jacob Rothschild, the head of the world’s biggest hedge fund says that “conflicts have now intensified to the point that fighting to the death is probably more likely than reconciliation” and in a stark comparison to the days prior to World War II, observes that “politics will probably play a greater role in affecting markets than we have experienced any time before in our lifetimes but in a manner that is broadly similar to 1937.”
Basically, Ray Dalio just compared the current political environment to the days just prior to the outbreak of World War II. That is probably not a coincidence.
What if the global economy & financial system is collapsing and there will be total chaos, revolution and civil war, directly followed by WW3, with the internet going down and not coming back up again for a looong time? What if THAT is the plan?
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BOYCOTT PAYPAL: PayPal bows to Left-fascist pressure, endorses jihad, drops Jihad Watch.
H/t reader kevin a.
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Have we now entered a time of major financial shaking? On Thursday, the Dow Jones Industrial Average was down 274 points. The was the largest decline for the Dow since May, and high yield bonds were down dramatically as well. Many are blaming the terror attack in Barcelona and “instability in the White House” for the downturn, but could “eclipse fever” also be a factor? The closer that we get to the solar eclipse on August 21st, the weirder people seem to be getting. You will see what I am talking about below.