Asset protection

How To Protect Yourself from Bubbles & Soon To Be Worthless Currencies

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Posted by Gary Christensen - The Deviant InvestorInvestor

on Wednesday, 14 March 2018 12:00

Zero interest rates, ballooning 230 Trillion in Global Government debt will ultimately set up as Voltaire said “Paper money eventually returns to its intrinsic value — zero.”. There are a lot of dangers and history tells us what we can expect. Even former Federal Reserve Chairman Alan Greenspan warns about the existing bond and stock bubbles. Gary Christensen spells out what investors must do to protect themselves in this well written article - R. Zurrer for Money Talks. 

Shooting Ourselves In the Foot

Serious problems affect Americans. Problems first, solutions at the end! 

We did what to ourselves? Our representatives, senators, and Presidents, supposedly acting on our behalf, voted for and created what history has shown are huge monetary and fiscal mistakes.

Some will disagree, but consider this partial list:

1 – Central banking and The Federal Reserve Act: Enough money was spread around Washington D.C. to purchase the passage of this self-serving banking monstrosity. It was signed into law by President Wilson over a century ago.

David Stockman has a clear assessment and firm opinions regarding the danger and destructiveness of the Central Bank. His statement is:

“Folks, these people aren’t totally stupid. They have amassed extraordinary power and plenary dominance over the nation’s $19 trillion capitalist economy only by assiduously cultivating the mother of all Big Lies. Namely, the myth that private capitalism is dangerously unstable and possessed of an economic death wish for periodic cyclical collapses, which can be forestalled only by the deft interventions of the central bank.

“That’s self-serving malarkey, of course. Every recession of the modern Keynesian era has been caused by the Federal Reserve, and most especially the calamity of 2008-2009. And the “recovery” from that one, as well as those stretching back to the 1950s, was owing to the inherent regenerative powers of the free market, not the interest rate and credit supply machinations of the Fed.

“So what we really have is a case of the monetary Wizard of Oz. There is nothing behind the Eccles Building curtain except a posse of essentially incompetent economic kibitzers who spend 90% of the time slamming the same old “buy” key on the Fed’s digital printing press, while falsely claiming credit for the inherent growth propensity of private capitalism.”

2 – Fiat Currencies: When the currency is backed by nothing it will become worthless. Voltaire recognized this fact centuries ago when he said, Paper money eventually returns to its intrinsic value — zero.”

Dollar bills (paper and digital) are “Notes” – DEBTS of the Federal Reserve. They are not money, but are merely an “IOU” issued by the Fed. We are legally required to use these “IOUs” for taxes and commerce.

3 – Fractional Reserve Banking: Allowing commercial banks to loan dollars into existence creates rising prices and much mischief. The Treasury will not condone individuals counterfeiting Federal Reserve Notes, but they allow commercial banks to do the equivalent.

4 – Too Big To Fail: They have created the myth that certain banks are too large and must not be allowed to fail. The Fed and large banks promoted this self-serving nonsense.

5 – Regulatory Capture: Create an agency to oversee banks (pharmaceutical companies, military contractors, securities sales etc.) and staff the agency with “tainted” members from the same industry.

Example: The SEC did not discover the Madoff scam even after receiving detailed analysis from Harry Markpolous showing how to prove the Ponzi scheme. Madoff confessed and the SEC was late to the game.

6 – Derivatives: They are profitable for banks at the expense of the economy. Failed derivatives nearly killed the economy in 2008. A larger disaster is coming.

7 – Banks Own and Strongly Influence Politicians and the Media: No discussion needed.

8 – We Live In a Credit Based World: Banks skim a piece off most transactions. Has “financializing” everything improved the lives of the citizens? What happens if credit dries up – again – as it did in 2008? Will existing bank loans be called, will ATM’s cease functioning, will world trade crash?

9 – War on Cash: Banks demand maximum control, which means they want our assets, liabilities and transactions digitized inside their world. If all assets are “banked,” the only escape is cash – UNLESS CASH IS OUTLAWED. Once assets are “banked” then banks can confiscate assets via negative interest rates, transaction fees, and monthly charges.

10 – Central Banks Lowered Interest Rates to Near Zero: Rates went negative in Europe. Your “high interest” checking account probably pays less than 0.05% interest. Savers, insurance companies, and pension plans have been damaged by low interest rates, but those low rates benefitted bank profits.

11 – U.S. Government Deficit Spending: The Treasury borrows every month, spends more than its revenues, increases debt, and pretends all is well. The “debt ceiling” is a joke. Read 38,000 Tons of Poison.

George Carlin: “It’s a big club and you ain’t in it.”




Asset protection

Powerful Reasons to Avoid CryptoCurrencies

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Posted by Simon Black - Sovereign Man

on Thursday, 08 March 2018 06:33

For anyone interested or involved in CryptoCurrencies this is a must read. Take particular note of Prodeum's Initial Coin Offering and Bitcoins study of 902 ICO's - Robert Zurrer for Money Talks


Nearly half of all ICOs (Initial Coin Offerings) last year have already failed and that’s a good thing

March 7, 2018
Santiago, Chile

The Securities and Exchange Commission clamped down on cryptocurrency firms last week in a major way.

The regulatory body issued dozens of subpoenas (some groups estimate more than one hundred) to companies that conducted or advised on initial coin offerings (ICOs). 

Notes readers aren’t surprised, as I’ve long warned that the scammy ICO marketis one of the biggest bubbles I’ve ever seen. 

Before discussing the fraudulent nature of the space, a bit of background on ICOs… 

A lot of people view ICOs as an asset class like stocks, bonds or real estate. But that couldn’t be further from the truth. 

Initial coin offerings are simply a funding scheme. Companies looking to raise money will post a white paper on a website, post some pictures of their “C-suite executives,” and set up a Twitter account… that’s basically it. 

The goal is to raise funds by issuing “tokens.” These tokens typically serve as pre-paid credits that can be used within the ecosystem of the company raising the funds. In other words, you’re not actually getting equity in the company… you’re buying a gift card. 

Think of it like the in-game credits you would buy (with real money) to get ahead in the old Facebook game, Farmville. Outside of Farmville, those credits are worthless. 

With almost no information, and the obvious, inherent risks to buying a prepaid service, investors are supposed to evaluate if there’s a valid, secondary market for these tokens. 

In the face of these many flaws, prices of these ICOs would soar. Not for any fundamental reasons… simply because we were experiencing a massive bubble fueled by hype. 

And the prevalence of outright fraud caught the attention of the SEC. 

One company called Prodeum was allegedly developing a blockchain for agricultural commodities. 

Prodeum raised $11 million through an ICO. Then the founders (who were likely made up in the first place) disappeared without a trace. And the only thing left on the company’s website was a single word – “penis.” 

Despite the many warning signs, companies have still raised nearly $9 billion to date through ICOs. And a lot of that money has simply disappeared. 

Bitcoin.com recently completed a study of the 902 ICOs that took place last year. 

Of those, 142 failed at the funding stage. 

Another 276 failed after either taking the money and running or simply failing as a business. 

So a full 46% of all ICOs last year have already failed. 

But it gets even worse… 

An additional 113 ICOs, according to Bitcoin.com, are “semi-failed” because the founders have ceased communications with the public or because the community of users is so small there’s zero chance of success. 

Once you add in these “semi-failed” firms, 59% of last year’s ICOs are goners.

Think about that failure rate… it’s astounding. And that’s in one year’s time. 

I’m certain that percentage will only increase. 

The vast majority (90+%) of cryptocurrencies and ICOs will fail for one simple reason… they have ZERO utility.

People forget, but when you participate in an ICO, you’re actually investing in a business. And that business has to provide value in order to justify its existence.

Let’s look at a couple of the more useless offerings of the past…

Skincoin allows you to get new “skins” for guns in video games. It raised $3.3 million. 

There’s also a TrumpCoin meant to “support President Trump and his vision of making America great again.” I have no idea how that’s even a token, but TrumpCoin was worth $3.38 million at its peak. 

I seriously doubt there will be much demand for Skincoin or TrumpCoin over the long term. And the fact that these types of coins are on their way to extinction means the market is working. 

And while I’m no fan of government regulation, operators in the crypto space are welcoming more regulation… because it gives them clear rules and guidelines to follow as a business. Some lawyers have said the SEC’s recent round of subpoenas was meant as an invitation to have a more open dialogue with these firms. 

Of course, I could think of a better way to start a conversation. 

But once there’s a clear delineation of what’s legal and what’s not when it comes to crypto and ICOs, more mainstream players and investors will get involved. And that will lead to a larger, less volatile marketplace. 

But ultimately, the value of these tokens is driven by demand. 

And in the long-run, demand has to be driven by some sort of utility. The coin must present some special benefit that other coins and tokens don’t have… and that people will actually NEED.

I’ve been talking a lot this year about avoiding big mistakes. Luckily, the ICO market is an easy one to avoid. 

To your freedom, 


Simon Black,
Founder, SovereignMan.com


Asset protection

Elliott Wave Counts For Gold, SP500, & GDX

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Posted by Captain Ewave

on Wednesday, 21 February 2018 06:58

This analysis gives you the current position and expected future trend of Gold, the S&P500 and Gold stocks as represented by the GDX, a Gold Miners ETF which tracks the overall performance of companies involved in the gold mining industry.

The method of analysis used is the Ellliottwave theory, which measures the waves and cycles of individual markets or stocks. As Martin Armstrong says, everything is cycles, so this is a very good method of analysis invented by Ralph Nelson Elliott (1871–1948) and practiced by many including Jack Crooks to forecast movements. It is a complicated system, but fortunately this analyst does the work. The forecasts are fascinating. - Robert Zurrer for Money Talks: 


Short Term Update:

While we sold off a bit last night, the big picture on the daily chart is that wave ^ii^ is complete at the 1309.00 low and we now expect to rally sharply in wave ^iii^.

Click Chart For Full Size 


Our first projection for the end of wave ^iii^ is: ^iii^ = 1.618^i^=1514.65.

We appear to have completed wave $i$ at 1364.40 and are now falling in wave $ii$. Our retracement levels for wave $ii$ are:

50% = 1336.70;

61.8% = 1330.20.

Upon completion of wave $ii$ we expect a  sharp rally in wave $iii$ that should break above resistance at the 1365.00/1377.00 level.

Trading Recommendation: Long gold. Use puts as stops.  

Active Positions: We are long, with puts as stops.


Short Term Update:



Asset protection

Frustrated With Your Financial Advisor?

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Posted by Andrew Ruhland

on Friday, 09 February 2018 15:01

From the Straight Talk for Financial Indepdendence series, Andrew Ruhland shares some strategies for moving forward when you realize your current advisor is no longer right for you.




Asset protection

Jim Rogers says the next bear market will be ‘the worst in our lifetime’

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Posted by Jim Rogers

on Friday, 09 February 2018 10:28

MW-GD420 rogers 20180208225040 ZH-1We’re not there yet, but veteran investor Jim Rogers says the next bear market we see is going to be a doozy.

“When we have a bear market again, and we are going to have a bear market again, it will be the worst in our lifetime.”
Jim Rogers

That’s what the chairman of Rogers Holdings Inc. told Bloomberg News on Thursday.

“Debt is everywhere, and it’s much, much higher now,” he said, adding that he expects the current stock-market rout to continue, though he wouldn’t go so far as to say this was the start of a bear market, which is typically defined as a drop of 20% or more from a significant peak.

On Thursday, the S&P 500 SPX, -1.55%   and Dow Jones Industrial Average DJIA, -1.84%  officially entered correction territory, down more than 10% from recent highs.

Now 75, Rogers founded the Quantum Fund in 1973 with George Soros. The hedge fund famously gained 4,200% by 1980, compared to the S&P 500’s 47% return. Rogers has seen his share of bear markets, including the crash of 1987 (a 36% decline), the bursting of the dot-com bubble of 2000-’02 (a 38% drop) and the Great Recession of 2007-’09 (a 54% fall).

Read: Volatility shock wave has wiped $5.2 trillion from global markets, sent five sectors into correction territory

Rogers said the market may sputter for the next several weeks, rallying only after the Fed raises interest rates in March, as is expected.

This isn’t the first bear-market warning from Rogers in recent months.

In November, Rogers told MarketWatch columnist Michael Brush that the U.S. was “overdue” for a bear market, and predicted market turmoil within the next two years. Rogers said at the time he was light on U.S. stocks because he thought a bubble was forming, and that Japan, China and Russia offered better investment opportunities. He also warned to stay away from bitcoin: “It looks and smells like all the bubbles I have seen throughout history.”

In September, Rogers said the next bear market will be “horrendous, the worst” in an interview with RealVision TV


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