Category Archives: Economics

CryptoCurrencies

With the hype of exploding Bitcoin prices in the media, “cryptocurrency” is the new buzz word on the street.  I have expressed my opinion in my post in March.  Since then the price of Bitcoin has more then doubled.  In fact, other digital monies such as Ripple, Ethereum, LiteCoin have all increased in market capitalization.

So I have revisited Bitcoin and still maintained that cryptocurrency is a risky investment with high return potential.  Also I have learned that Bitcoin network can only process 7 transactions per second, comparing to Visa’s 2000 to 7000 transactions per second.  Sooner or later, a bottleneck will  suffocate the Bitcoin network and users might abandon it en masse to a newer and more efficient cryptocurrency.

Which prompts me to realize that while Bitcoin has a hard limit of 21 million coins that can ever be “created”, there can be endless supply of other cryptocurrencies.  The creator of Bitcoin had a brilliant idea to create a financial system based on limited supply of money because fiat/paper currencies always fail; however, I am afraid that his effort would proved futile because in the digital world, anything can be created in infinite (or close to) quantity.

The rise of Bitcoin and its peers reveals that the public are awakening to the fact that the global central banks’ policies are failing and the purchasing power of fiat currencies are declining.  Years of cheap money have created bubbles of stocks, real estates, bonds while we continue to see staggering numbers of auto loans, mortgages, student loans, bankruptcies, etc…

So, would I buy any cryptocurrency?  I would be cautious and approach it like any stock with the mentality that all the investments could be lost.  Gold and silver, being physical asset, will also be the tool for wealth preservation and storage of value.

Here is an interesting article about Bitcoin:

http://www.zerohedge.com/news/2017-05-29/one-professional-investors-take-bitcoin

Bitcoin

Most people know about bitcoins nowadays, especially when it surpasses its price surpasses gold recently.  In case you want a quick comparison between gold and bitcoin, here is a good graphical presentation:

https://www.jmbullion.com/bitcoin-vs-gold-infographic

I remember looking at getting some bitcoins in 2011 when it was still cheap.  But I didn’t know much about it and as a general rule of investment, one should not invest in something where he doesn’t have sufficient knowledge.  According to the following interview at USAWatchDog

Clif High predicts that bitcoin will rise to 3x more than gold.  Whether that is true remains to be seen.  My personal take on bitcoin is it would be a risky investment.  If you have the extra money to lose it would not be a bad idea.  However, I still hold this rule: “If you cannot touch it you don’t own it.”  That applies to digital blockchain currency such as bitcoin.

Anything on the internet can be hacked, traced and controlled.  Gold and silver is “God’s money”.  Bitcoin, while it has great upside potential, is still virtual money.  As an old fashion guy, I will stick with physical assets.

At the rate of global debt accumulation, the burst of financial bubbles will be gigantic with dire consequence.  Of course, I don’t wish anyone to be harmed adversely during the process, but unfortunately many people will be hurt.  Gold and silver will be one way to maintain your wealth.

Charles Nenner-2017 Prediction-Global War Cycle Coming into Danger Zone

Last year I have warned and anticipated an economic collapse, which did not take place to the extent that I have expected.

Recently, Greig Hunter from UsaWatchDog  interviewed cycle expert Charles Nenner, who has correctly predicted that there will not be a major collapse in 2016 but one coming in fall 2017.  The entire interview can be heard here:

With Mr. Donald Trump entering the White House and all the opposition forces coming from the Deep State and military-industrial complex, there is still a possibility of civil war erupting in the US.  The unfunded liability of $200 trillion dollars in the US will implode some day.  It would be wise to prepare for what is coming this year.

Remember, you never waste on the effort and resources you put into your preparation.  You can always eat your freeze dried food and drink the storage water.

India – Banning Cash and Money

It was reported that since Nov 29, 2016 India has implemented the law to ban large denomination cash of 500-rupee ($9.7) and 1,000-rupee notes ($19.50), which account for more than 85 percent of the money supply.   India, unlike most Western countries, do not have electronic payments in most rural areas and vast majority of people still use cash for transaction.

India pulled 86% of its cash out of circulation. It’s not going well.

Why the rush?  Well, we find out today that they are banning gold also:

India Confiscates Gold, Even Jewelry, In Raids On Hidden Money

As I pointed out earlier in my post,the globalist needs to implement a cashless society and control everyone via digital currency.  It is never about the convenience and security of customers.  NEVER.  The banker could care less about your and me.

Think about this.  If every transaction can be traced, they can tax the daylight out of us however they wish.  In addition they can easily eliminate any opposition to their agenda by freezing the opponent’s bank account.  This also ties into the BEAST system as prophesied in book of Revelation.  No body can buy or sell without the mark.  Cashless society would be the precursor of such system.

My advice?  Use cash as much as possible and start growing your own food!

 

Deutsche Bank Imploding and WW3 Starting?

The largest German bank has been in trouble for a while and now we are seeing it imploding as its stock price has been declining since beginning of the year.  The root cause is Deutsche Bank has massive exposure to derivatives, over-leveraging  itself in the dangerous games of financial gambling.

Since Germany is the major economic powerhouse of Europe, the collapse of Deutsche Bank is significant and may be worse then the fall of Lehman Brothers in 2008.  Many other financial institutions have close ties with Detusche Bank and when it falls, it will have a domino effect upon the entire European zone. You can count on the fact that “bail-in” laws will be implemented, meaning the depositors’ assets will be used (confiscated) to save the “too-big-to-fail” banks.

I was a co-op student 17 years ago with Deutsche Bank located in downtown Toronto.  I was working on the trading floor, which was a very busy and exciting working environment.  Being a co-op student, I learned a lot about the financial world and started trading stocks and options.  Needless to say, I made some profit and lost some over the years.  My overall impression is that the financial instruments have been invented to such a complexity that a common Joe would never be able to understand.

No wonder the elites can steal and own more than 50% of the world’s resources.  They have rigged almost all markets to their benefits.

Read Deutsche Bank Collapse.

On the other hand, the war drum has never been louder between US/Nato and Russia/China.

Read Minutes to midnight

Cutting diplomatic channels is usually a precursor to physical war.

I have no doubt that the NWO is pushing for war, be it civil war or global war.  The world is very close to World War 3 and you are naive to think that it will not happen in your life time.

Be prepared.  Make sure you are covered under the blood of our Saviour Jesus Christ.

Multiple Signs of Economic Implosion

I have been warning that we are facing an economic meltdown, much worse than what we experienced in 2008, for some time.  Some would think that I am bluffing and spitting out empty air because things look rosy.  Your acquaintances are still going to cottages and cruises.  People are still hanging out in night clubs and coffee shops.  Lights are still on.

However, you have to understand that it takes a while for the economy to explode and  it never drops like a straight line, but in an downward exponential format.  I believe we are at the very late stage of a massive economic implosion approaching fall 2016 and early 2017.

Here are my gatherings of most recent warning signs:

      1. Lord Rothschild: “This Is The Greatest Experiment In Monetary Policy In The History Of The World”

        As you probably know, the Rothschilds are banking cartels and they are admitting that negative interest rates and money printings are simply experiments of central banks.  Are you still trusting your government is acting on your best interest?

      2. Banks are preparing for an ‘economic nuclear winter’

        So banks are declaring there will be serious financial turbulence in the coming winter and they are bracing for the impact.  Does bail in (=confiscate your savings account)
        count as a counter measure of keeping the banks alive?

      3. Vancouver’s real estate is ‘fuelled by a money laundering bubble’: Market analyst

        If you live in Vancouver or Greater Toronto Area, you know that the housing markets are building up a massive bubble, waiting to burst any time.  The “hot money” from China is the main driver of rising housing prices and bidding wars on home sales.  It is impossible for a local Canadian worker of median income of $70,000 to afford a 1 million dollars 2000 sq.ft. house in the city.  It just doesn’t work.

        If you are leveraging yourself in the housing market, you need to sell your investment real estate  now and get out! 

      4. The One Trillion Dollar Consumer Auto Loan Bubble Is Beginning To Burst

        I have maintained that debt is a bad thing.  Spending your future money today is  one of the root causes of financial crisis throughout history.Living within our means should be taught to every child at a younger age.  Instead, we teach our children that we can borrow now, enjoy life and leave the trouble for tomorrow.  Nevertheless, you will have to repay the debt someday.  There is no escape.

      5. The Swiss Begin To Hoard Cash

        People in Japan, Germany and Swiss have began hoarding cashes at home for quite some time now.  Why?  Because of negative interest rates as I have discussed here before.
        However, I don’t suggest you hoard cash.  I suggest you to turn your cash in to water, food, survival gears and precious metals.

      6. Deustche bank refuse to delivery gold

        Wow.  The biggest bank of Germany is unable to deliver gold upon demand.  This shows that physical gold demand is growing and the ponzi scheme of gold rigging by paper gold contract on Comex is coming to an end.Again, if you cannot touch it you don’t own it.  Buy physical gold and silver, never in ETF or certificate.

From reading the above news, one can only draw a conclusion that an acute financial collapse is on its way.

My friends, there is a much bigger, eternal crisis waiting for your life.  One day, you will have to face God:

Let us hear the conclusion of the whole matter: Fear God, and keep his commandments: for this is the whole duty of man.   For God shall bring every work into judgment, with every secret thing, whether it be good, or whether it be evil.  – Ecclesiastes 12:13-14

Instead of this life where you might be able to get help and consolidate your debt or have someone to “bail you out”, once you are dead there is no second chance.  Jesus Christ, the only Son of God, is the one who died on the cross for your sins in order to “bail you out”.  If you fully trust and obey Jesus Christ, repent of your sins, you can stand before God in His righteousness and enjoy eternal life with Him.

Sure, we are going to face financial collapses, famine, wars and pestilences, persecution etc…. but knowing and trusting Jesus Christ will get us through all these troubles.

Having said that, if you love your family and neighbors, you need to prepare NOW.  One one end you need to brace for the approaching financial, political and social unrest, but on the other end you don’t put your faith in the substances you have stored.  You put your trust in God the Almighty.

Contact me if you need advice in prepping.  Free of charge 🙂

Trudeau’s Bail-In Now Law to Allow Banks to Confiscate Your Deposits

I have warned you last year in my post Cashless Society that we as bank depositors have become unsecured creditors.  That means when the bank fails, they can legally take/steal your saving and chequing accounts to save the bank.  This is called Bail-In.  Surprise?

Now, Bill C-15 passed in June has proved that this is law now: read here.

I actually checked the legislature on parliament website (see here) and proved that what Charles said in the video is true.

I hope you can see the fingerprints and trails the bankers and lawmakers have left to steal and hijack our wealth  If you have been following my blogs for a while, you know that I am an advocate of holding tangible asset and small amount of cash.

You have to act soon and it will be too late when you find out your bank accounts are gone?  Could that ever happen?  You can bet your life’s savings on it but I am pretty sure the elites would definitely do so.

If you cannot touch it you don’t own it.

Gold and Silver Prices ready to take off

Today the gold price broke through $1300 before it was pushed down.  The recent developments in the gold market are worth paying attention.

Two pieces of big news:

China launches Yuan/RMB gold price fixing

Deutsche Bank admits it rigged silver and gold markets

It is no secret that China, Russia and India had been importing and accumulating gold and silver for the past decades.  With the Western banks admitting that they had been manipulating the precious metal markets, the shift is going from West to East.  The bankers have been using paper contracts to suppress the gold and silver prices for a long time, but their game is almost over.  Once people start demanding physical delivery, the entire ponzi scheme will collapse.

Of course, the very high-level elites accumulate vast amount of gold in their personal vaults, knowing the true value of the previous metals, while printing trillions of worthless paper money to finance the accumulation.  What a brilliant yet sinister idea: getting rich with real and tangible assets with worthless paper (now digital) money.

The gold and silver price are starting to rise again, in my opinion.

Dear readers, get rid of your paper money, stocks, bonds and start accumulating tangible assets. I suggest you in this order:

  1. Water
  2. Food
  3. Survival Gear
  4. Self-defence
  5. Silver
  6. Gold
  7. Land

Don’t forget to work on personal relationships with Jesus Christ and other people.  It is much wiser to have ten close-knitted Christian brothers then 100 ounces of gold in your home.

Negative Interest Rate and Cashless Society

In the recent established media 2 terms keep surfacing:  “Negative Interest Rate” and “Cashless Society”.

Negative Interest Rate:

A negative interest rate means the central bank and perhaps private banks will charge negative interest: instead of receiving money on deposits, depositors must pay regularly to keep their money with the bank. This is intended to incentivize banks to lend money more freely and businesses and individuals to invest, lend, and spend money rather than pay a fee to keep it safe.

Cashless Society:
A society where all physical form of cash is banned.  Only digital currencies and electronic transactions are allowed in any business and private activities that involve trading between 2 or more parties.
Derek’s translation:
Negative Interest Rate:
Not only you (the depositors) are not getting any interest on the money you put in the banks, we (the bankers) are going to charge you a fee for keeping YOUR money in our banks.  In other words, you will lose your money if you deposit them in the bank.
Cashless Society:
Then banks/governments will keep tract of every single buy/sell activity that you conduct.  If you don’t comply with their policies or not being “political correct”, they can simply freeze your account or penalize your virtual account immediately.  You have no control over your asset in a digital world.
In order to implement negative interest rate, which is totally against Economics 101, the elites have to push for a cashless society because they know that if the general public understand the core of NIR, a bank run will be induced.  If cash is banned, there is no bank run.  Marvelous idea!
There will be many “good” reasons to abolish cash.  It is dirty and clumsy.  Who wants to bring a bag of coins or a stack of cash to buy stuff?   Statistics shows that the popularity of electronic payments and online banking are on the rise year after year.  This is especially true with younger generation and tech savvy group who loves to use their mobile devices to pay for everything.  Pretty soon we will see biometrics chips being implanted in our own body for day to day transactions.
There is no question that electronic payment is far more convenient and time saving than traditional cash.  I love to just scan my credit card at the pump and leave after fill up.  I love to just tab my card while checking out at the cashier.  I love to stay home and have products ship to my door.
However, if cash is banned, we will lose our basic freedom to free trade.  Imagine that the bank can track and control every single digital transaction (which they are already doing).  It is a lie that people who use cash are criminals and drug dealers.  Don’t you see in the movies that the gang members use their smartphones to wire money into offshore accounts?
This is not about terrorism or crackdown on criminals.  This is not about cash being inconvenient.  This is all about control .  And I see that the cashless society matches the Beast System the Bible prophesies in Revelation 13:

16 And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:

17 And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.

A great article for reference can be found here:

The Global War on Cash

What can we do to stop this?

Use cash as much as possible and keep minimal money in the bank!  I am willing to accumulate less points on my credit card so I can use cash more frequently.

Start bartering in your community.

Spread the word.

Great Interviews on Prepping

I have been listening to radio shows on Hagmaan And Hagmann and Dave Hodges for almost 2 years now.  They have great guests on the show who touch on a wide range of topics on geopolitics, economy, Christianity, New World Order and of course the prepping for coming collapse.

Recently there were 2 great shows that I would like to share.

For a person who wants to know how to preserve his wealth in the coming financial implosion: The Globalist Luciferian Lilliputians

For a person who wants to get a crash course on prepping: Bob Griswold from Readymade Resources

I sure hope you can gain valuable knowledge from these 2 radio shows.  God bless.