Wednesday, November 22, 2017

Bitcoin Futures: Central Banks Are History

Cryptocurrencies are here to stay. Why? Because Bitcoin futures will commence trading on December 11, 2017 at the Chicago Mercantile Exchange.The Mercantile never backs a loser.The Merc is the incarnation of the greed and will to survive that exists in all of us.It's the monster from the Id to borrow a character from the great 1950's sci-fi film "Forbidden Planet". Government as we know it will go away for lack of funding. Fed up with military-industrial murders? Fed up with the progressives agenda of silly costly giveaways in the Quixotic pursuit of equality among different kinds of people? Switch to crypto currencies and see how the IRS can try to collect? The IRS will be left with many field trips to homes of suspected tax evaders. Ask them if they have a warrant to come in and take an inventory. It will require thousands more employees to carry out awkward and long tedious information gathering.Looks like a law that can't practically be enforced. Like the Volstead Act it will be repealed or effectively killed by non relavence.Central banks will be mostly out of work. Printing money willy nilly and running up debt with the fiat currencies will halt.All that debt around the world in all different dominations are payable in the currency they were issued.But cryptocurrencies are not one of those denominations. So how will government and corporations pay their debt? How will America enforce financial sanctions on "rogue" countries with Bitcoin being a live option? Will ISIS pay its operatives or next of kin with Bitcoin transfers for work rendered? Will Israeli demand Bitcoin instead of dollars for its yearly "aid"? Will members of congress follow Israels lead a require cryptocurrencies as salary instead of bucks?

Sunday, November 19, 2017

George Soros : Charity Funds Social Upheaval

George Soros last week let it be known that he has funded his Open Society Foundation with his net worth of $18 billion. Open Society Foundations's charter reads like a to do list for progressives.But many say his social equilibrium projects have a constructively illegal and subversive part. Recently the riots orchestrated by Black Lives Matter across the country have connection to Open Society. Oakland's riots and traffic blocks on our Bay Bridge point to Black Lives Matter involvement and OSF funding.Suppose the Mafia tried to fund a philanthropic foundation with illegal profits. Don't think that would happen. But Soros is funding a foundation with legal funds that constructively supports/instigates subversive/illegal actions.Its the reverse of the Mafia hypothetical scheme. But unhealthy to say the least. Soros' OSF is its mirror image. Soros spelled backwards is still Soros. His name is duplicity.

Friday, November 03, 2017


On October 18, 2017 many titled but let's just say he's the boss of China Xi Jinping gave a three hour and twenty-five minute speech to 2300 delegates of the Communist Party.He recited his accomplishments and talked about the future. A new era when China will come into full bloom -my metaphor-and make a more dramatic presence than heretofore. And who will stop them? Me asking.He spoke with supreme confidence and theatrical body english-so to speak.Stop right there. Any one who chatters for three hours and twenty-five minutes sounds like a person who is trying to convince the listeners that he's in control. Also he may be trying to convince himself that he's in control. Long story short. Mainland China is too small for its 1.4 billion citizens and China needs to spread out. Call it colonization or call it just buying and renting any property on the planet that are available.The Asian Flus once upon a time kept in check population growth along with ham fisted intramural revolutions or the occasional invasion by the the likes of the Japanese. But not for a long time has there been an invasion. Who would want to take on 1.4 billion hungry Chines? The victors if some how they won would face the same problem Xi Jinping has right now. How do you feed and house the hoard? Africa, Australia and South China Sea are in the sights of urgent Chinese shoppers.The world has a problem.The U.S. should make friends with Russia.Who knows. We and Russia may need to flank China for our own and the worlds survival.