The Shocking Prophecy of Elder Paisius for America by St. Paisius the Athonite during discussion after Holy Liturgy.
The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more
Thursday, December 8, 2016
BITCOIN TO THE MOON IN 2017 - Due To U.S. Inflation & TRUMP Economic Stimulus
The price of Bitcoin could hit more than $2,000 in 2017 driven by expectations that U.S. President-elect Donald Trump may introduce economic stimulus policies, which could send inflation soaring and propel the dollar to record highs, a report from Saxo Bank claims.
Bitcoin is currently trading around $754.51, according to CoinDesk data. A handle of over $2,000 would represent 165 percent appreciation.
During his election campaign Trump has talked about an increase in fiscal spending. Saxo Bank's note said that this could increase the roughly $20 trillion of U.S. national debt and triple the current budget deficit from approximately $600 billion to $1.2-1.8 trillion, or some 6-10 percent of the country's current $18.6 trillion economy.
As a result, the economy will grow and inflation will "sky rocket", forcing the U.S. Federal Reserve to hike interest rates at a faster pace and causing the U.S. dollar "to hit the moon".
When inflation rises the Federal Reserve may raise interest rates to bring it under control. This causes the dollar to appreciate because it would be seen as an attractive currency for foreign investors.
"This creates a domino effect in emerging markets and China in particular, leading people globally to look for alternative forms of currencies and payment systems not tied to central banks that have exhausted monetary policies or crony governments that are in full financial repression mode nor transaction systems that are long overdue for a revolution," Steen Jakobsen, chief economist at Saxo Bank, wrote in a note.
Bitcoin as the largest cryptocurrency would benefit from this "chaos", he added, as emerging market countries look to move away from "being tied" to the monetary policy of the U.S. and banking system.
Bitcoin
Benoit Tessier | Reuters
"If the banking system as well as sovereigns such as Russia and China move to accept Bitcoin as a partial alternative to the USD and the traditional banking and payment system, then we could see Bitcoin easily triple over the next year going from the current $700 level to +$2,100 as the blockchain's decentralized system, an inability to dilute the finite supply of bitcoins as well as low to no transaction costs gains more traction and acceptance globally," Jakobsen said.
Blockchain is the underlying technology of bitcoin which records every transaction using the digital currency so that it can't be tampered with. There is also a finite supply of 21 million bitcoins. This in theory would cause price appreciation of the asset over a long period of time. Bitcoin Cryptocurrency Currency USD Dollar "U.S. Dollar" Price Inflation USA America "United States" Trump Economy "Interest Rate" Banking Savings "Savings Account" Trade Trading "Forex Trading" Forex "Bank Account" Profit Tax Campaign "Make Money" "Bitcoin Trading" "Sell Gold" Gold Silver Litecoin Secure Wealth Wealthy Elite Interest "Gold Coin" 2017 2018 Investment "emerging markets" GBP CNY JPY EUR "accept card payments" "accept bitcoin" millionaire business "elite nwo agenda" jim rogers marc faber david icke coast to coast singapore With the U.S. economy poised to accelerate under a Donald Trump administration, it's going to become increasingly important to track three monetary metrics: long-term interest rates, the dollar's value and inflation, Jim Cramer said during his Mad Money program's "Off the Charts" segment.
To get a handle on those, Cramer turned for insight to Robert Moreno, a colleague at RealMoney.com, as well as being the publisher of RightViewTrading.com.
Take interest rates first. For about the last two decades 20-year Treasury bond yields have been declining (and, conversely, prices rising). That's the result of an anemic economy and an accommodative Federal Reserve. Lately, though, those yields have been rising, thanks to the expectation that the Fed will raise interest rates this month -- and the Trump administration's expected fiscal stimulus. At the very least, Trump wants to borrow lots of money, and that's going to hike the interest the government pays on Treasurys.
Jakobsen's comments were in his annual "Outrageous Predictions" note and the economist says that his views are not the official outlook for Saxo Bank. Instead they are an attempt to "get you to think out of the box" with the aim of "provoking conversation".
Bitcoin rise realistic
Bobby Lee, chief executive at bitcoin exchange BTC China, compared the current situation of cryptocurrencies to the advent of digital cameras. He said that it is a "new asset class" with long-term potential.
"It's the advent of digital currency and with bitcoin there is bound to be more in circulation value in the coming years," Lee told by phone. The amount of bitcoin in circulation is valued at around $12.1 billion
The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more
NASA Confirms PLANET-X at Astronaut meeting NIBIRU will give to USA METEOR SHOWER on DEC 2016!!
TV News exposes NIBIRU PLANET-X! Important News!! How to survive on
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The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more
The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more
An honest Israeli Jew tells the Real Truth about Israel
Miko Peled is from a famous and influential Israeli Zionist family and was born in Jerusalem. Miko's father was a famous general in the Israeli army. Miko too has served his time there. When his niece was killed in a Palestinian suicide bomb attack, his family surprisingly placed the blame squarely on the state of Israel. They believed it was the torture, violence and forced eviction from their homes that was driving Palestinians to commit suicide to fight back.
In this honest, ground breaking talk Peled reveals the truth about the terror state of Israel. His talk is based on his father's insider knowledge on the Israeli war of terror, coupled with his own research. Many Jews and Israel supporters will be deeply shaken by this expose. Some facts from his talk are that the returning Jews are not the original expelled Jews, nor their descendants. He also reveals that until 1947 when Israel launched their illegal terrorist attacks on the people of Palestine, there was no conflict.
Miko Peled is one of many modern day Jews who are standing up to the Zionist state of Israel. This talk is a must watch for everybody, to clear their minds of the lies spread and supported by the Zionist owned mainstream media.
The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more
RISE OF CHINA - GLOBAL SUPERPOWER
Fueled by decades of rapid economic growth and a desire to secure its security interests, China has embarked on a large-scale modernization of its military. President Xi Jinping (who also heads China’s Central Military Commission) has instituted extensive military reforms aimed at streamlining command structures and improving Chinese military strength. China now boasts its first aircraft carrier, a credible fleet of both diesel and nuclear missile submarines, one of the largest air forces in the world, and over fifty intercontinental ballistic missiles.
IS CHINA A MILITARY SUPERPOWER?
A military superpower is a country that can project military power around the world to defeat or dominate another country…by this criteria my argument would be that China is not yet a military superpower and may not be one for quite some time
China is fast becoming a scientific force to be reckoned with, says a new report published by Nature.
The list, which ranks the world's institutions and countries according to their scientific output, puts China second only to the United States. The rankings are based on the number of high profile publications released last year.
Why gene-editing revolution excites and worries scientists
Canada ranked 7th, which, considering the difference in the sheer number of scientists compared with China or the U.S., is pretty impressive.
The top institution in terms of publications was the Chinese Academy of Sciences, a massive engine of scientific growth in the country. It consists of hundreds of regional institutes and includes two universities. To put it in perspective for something us Westerners understand — it beat out Harvard.
What is China investing in?
The Chinese government has indicated it wants to invest energy and funds in brain research, gene science, big data and medical robots.
But perhaps the most ambitious scientific project is the Chinese space program. The largest radio telescope in the world was recently built in southwestern China, and took only five years to complete.
The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more
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