Bitcoin in an Illusionary Age

Bitcoin in an Illusionary Age:

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.

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“The Perfect Storm Is Brewing”: Goldman Sachs Warns Italy Has The Lowest Capacity To Absorb Migrants

FYI.

“The Perfect Storm Is Brewing”: Goldman Warns Italy Has The Lowest Capacity To Absorb Migrants:

“We find that overall, Italy has the lowest capacity to absorb migrants among the major EU economies…. Our analysis casts doubts over Italy’s capacity to achieve the economic benefits from migration and suggests the ‘perfect storm’ is brewing.” – Goldman Sachs

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Ray Dalio’s Gravest Warning Yet: “I Am Tactically Reducing Risk”, U.S. Most Divided Since 1937

Ray Dalio’s Gravest Warning Yet: “I Am Tactically Reducing Risk”, U.S. Most Divided Since 1937:

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.

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How to Get the World to Accept Cryptocurrency as our Global Economy Collapses (Video)

FYI.

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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Lord Rothschild: “Share Prices Are At Unprecedented Levels, This Is Not A Time To Add Risk”

Lord Rothschild: “Share Prices Are At Unprecedented Levels, This Is Not A Time To Add Risk”:

We do not believe this is an appropriate time to add to risk. Share prices have in many cases risen to unprecedented levels at a time when economic growth is by no means assured. Geopolitical problems remain widespread and are proving increasingly difficult to resolve.” – Lord Jacob Rothschild

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‘Inconvenient’ Fact: Morgan Stanley Says Electric Cars Create More CO2 Than They Save

‘Inconvenient’ Fact: Morgan Stanley Says Electric Cars Create More CO2 Than They Save:

“Whilst the electric vehicles and lithium batteries manufactured by these two companies do indeed help to reduce direct CO2 emissions from vehicles, electricity is needed to power them.  The carbon emissions generated by the electricity required for electric vehicles are greater than those saved by cutting out direct vehicle emissions.

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The Dow Falls 274 Points As ‘Eclipse Fever’ Hits The Financial Markets

FYI.

–  The Dow Falls 274 Points As ‘Eclipse Fever’ Hits The Financial Markets:

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.

But first let’s talk about the financial markets.  I have been warning that stocks are massively overvalued for quite a while now, and it turns out that the Federal Reserve very much agrees with me

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