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Paradise in hell. Will the South African Rand morph into the Zimbabwe Dollar?

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Posted by Jack Crooks - Currency Currents

on Monday, 05 March 2018 13:21

At one point the a Zimbabwe bank note was 100 Trillion Dollars. Jack Crooks has spyed another great currency collapse set to unfold. Fortunes will be made shorting the South African Rand. - Robert Zurrer for Money Talks

Quotable 

“The malady of normative decay gnaws at order in the person and at order in the republic.  Until we recognize the nature of this affliction, we must sink ever deeper into the disorder of the soul and the disorder of the state.  A recovery of norms can be commenced only when we moderns come to understand in what manner we have fallen away from old truths.”

--Russell Kirk

Commentary & Analysis

Paradise in hell. Will the South African Rand morph into the Zimbabwe Dollar? 

safrica

In case you didn’t notice (quite possible because it doesn’t fit the MSM narrative), the esteemed South African parliament, in their infinite wisdom, decided that yes, because the ANC has turned the country into a paradise in hell during its 24-year reign of corruption and incompetence, now is the time to blame white farmers (again) for the country’s problems by confiscating their land (without compensation) and doling it out to political cronies whose skin color most likely won’t be white and farming skills most likely won’t be near the expert category.  

Here is the headline from the Daily Mail:



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Currency

Martin Armstrong: Cryptocurrency – Is There a Total Risk of Loss?

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Posted by Martin Armstrong - Armstrong Economics

on Monday, 26 February 2018 06:43

Vitalik-Buterin-768x696

Martin with a must read for any investor in crypto currencies. He includes an answer to the question of crypto currencies ability to drop to zero. Robert Zurrer for Money Talks

QUESTION: Vitalik Buterin (picture on the right), the co-founder of Ethereum and a co-founder of Bitcoin Magazine, said on Twitter. “Reminder: cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time.” He said: “Don’t put in more money than you can afford to lose.”

Do you agree with him? It seems like you do.

LM

ANSWER: Absolutely! None of these currencies will ever make it to be a viable real-world currency. Anyone wh0 thinks that these will be safer than an official currency is not thinking clearly. We are moving toward an electronic currency since today only about 4% of transactions take place in and paper money. Nevertheless, those who think that this circumvents central banks etc and this is the future are really out there in the unrealistic world.

A currency has to be LEGAL TENDER as long as we have governments. That means it must be acceptable even by the government for taxes.  This cryptocurrency is not really a currency at all. It is simply a speculative investment. To be a real currency it must be used within society to conduct commerce. We cannot accept it for by the time we would go to convert it, who knows what the value would be. It is far too volatile.

Miss-Uncut-sheet-The-Real-Estate-Banking-Co-r

Cryptocurrencies are reminiscent of the Broken Banknote Era set in motion by Andrew Jackson when he closed the central bank. Every bank began to print their own currency and this led to massive fraud. Notes were circulating and people had no idea if it was real or a fraud. We cannot have 1,000 different cryptocurrencies all circulating and trying to become the one true currency.

In the end, still, only an official currency will survive. The governments of the world can easily just outlaw cryptocurrencies if they impinge upon their monopoly. For now, they are not a serious threat.

....also from Martin Armstrong:

Fraudster Tries to Sell $20 trillion of Bitcoin



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Currency

Currency Update

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Posted by Gary Savage - Smartmoneytracker.com.com

on Wednesday, 14 February 2018 06:03

This video examines the current daily cycles in the dollar and euro and suggests caution is warranted for the gold market.

https://blog.smartmoneytrackerpremium.com/

Screen Shot 2018-02-14 at 7.05.25 AM



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Currency

RIPPLE’S TULIP BUBBLE: May It Rest In Peace….

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Posted by Steve St. Angelo - SRSRocco Report

on Tuesday, 06 February 2018 06:21

Unfortunately for crypto investors “HODLING” onto Ripple, their huge gains have been wiped out in just the past few weeks.  While Ripple’s price surged to massive percentage gains in a short period, it came down just as fast.  Unbelievably, Ripple’s price surged from less than a penny in March 2017 to a peak of $2.81 on Jan 1st, 2018.

Ripple’s stunning price increase would have made investors during Holland’s 17th Century Tulip Bubble, quite envious.  Ripple’s price increased a staggering 46,700% in a mere nine months:

RIPPLE-The-Tulip-Bubble-768x537



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Currency

Jack Crooks: Getting The US Dollar Right is Key

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Posted by Jack Crooks with Michael Campbell

on Monday, 05 February 2018 06:19

Jack Crooks tells us that if you must get anything right, get the US dollar right. Near term prepare for a weak CDN Dollar to 74 cents. 

....also from Mike: Great Advice from Guests James Thorne & Paul Beattie

 

Unknown

 



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