Source: U.S. System Porked By Corrupt Fractional Reserve Banking

U.S. System Porked By Corrupt Fractional Reserve Banking

28 JUN 2017 BY VOLUBRJOTR 

Bitcoin & Iraq’s Central Bank [JP Morgan] Is Also Corrupted By Fractional Digital Reserve Scheme. [https://politicalvelcraft.org/2016/05/18/iraq-being-suicided-by-rothschilds-imf-j-p-morgan/]

The Trump Administration has presented the first part of its plan to overhaul a number of Wall Street financial regulations, many of which were enacted in the wake of the 2008 financial crisis.  

The report is in response to Executive Order 13772 in which the US Treasury Department is to provide findings

“examining the United States’ financial regulatory system and detailing executive actions and regulatory changes that can be immediately undertaken to provide much-needed relief.”

President Trump Ending Unconstitutional Dodd Frank! Goes after Rothschild Federal Reserve [https://politicalvelcraft.org/2017/02/03/president-trump-ending-unconstitutional-dodd-frank-goes-after-rothschild-federal-reserve/]

In release of the first phase of the report, Treasury Secretary Steven T. Mnuchin stated:

“Properly structuring regulation of the U.S. financial system is critical to achieve the administration’s goal of sustained economic growth and to create opportunities for all Americans to benefit from a stronger economy.  

We are focused on encouraging a market environment where consumers have more choices, access to capital and safe loan products – while ensuring taxpayer-funded bailouts are truly a thing of the past.”

Some of its highlights include:

1. Community financial institutions – banks and credit unions – are critically important to serve many Americans.
2. Capital, liquidity and leverage rules can be simplified to increase the flow of credit.
3. We must ensure our banks are globally competitive.
4. Improving market liquidity is critical for the U.S. economy.
5. The Consumer Financial Protection Bureau must be reformed.
6. Regulations need to be better tailored, more efficient and effective.
7. Congress should review the organization and mandates of the independent banking regulators to improve accountability.

Clinton’s 1999 Green Light For Banks To Make High Risk Investments Against The Middle Class!

Bill Clinton’s Financial House Of Horrors: Clinton’s Repeal Of FDR’s Glass Steagall Act [https://politicalvelcraft.org/2016/09/07/bill-clintons-financial-house-of-horrors-clintons-repeal-of-fdrs-glass-steagall-act/

Hidden Government Forcing Taxpayers To Finance Their Own Destruction [https://politicalvelcraft.org/2017/06/27/hidden-government-forcing-taxpayers-to-finance-their-own-destruction/

Not surprisingly, most of the banking industry expressed support for the report, critics (mostly Democrats) pointed out that it would lead to the type of practices that produced the 2008 panic in the first place.  

Both opponents and those in favor as well as the clueless financial press fail to grasp the underlying cause of not only the recent crisis, but the majority of those which have occurred for the past century.

Quite simply: the fundamental cause of the 2008 financial crisis was [Architect JP Morgan] fractional-reserve banking (FRB).  

FRB is the practice whereby banks keep a “fraction” of the funds deposited by customers in their vaults lending out the rest at interest and “profit.”  

Banks are thus inherently unstable since if all depositors came at once and demanded their money (a “bank run”), banks could not redeem their deposits.  

Moreover, FRB encourages banks to engage in exceedingly speculative and risky behavior which creates unsustainable bubbles throughout the economy.

The nation’s central bank, the Federal Reserve, was created by the banksters and politicos to enshrine this immoral and economically ruinous practice into the heart of the American financial landscape.  

Any “reform” of Wall Street’s financial practices that does not address FRB by doing away with it and the institution (the Fed) which enables it to exist, is doomed.

The banks, in collusion with the Fed, are able to expand the money supply through this process while enriching the banksters’ balance sheet.  

On the macro level, the creation of money through FRB is the genesis of the destructive boom-bust cycle.

Crypto Banking Schemes [https://politicalvelcraft.org/2017/05/01/crypto-banking-schemes/]
Banker’s Fractional Reserve Bubbles: The ‘Pump/Dump’ Loan Scheme [https://politicalvelcraft.org/2014/01/19/bankers-fractional-reserve-bubbles-the-pumpdump-loan-scheme/]

This is why banks and the entire financial system are so prone to reoccurring crisis and no regulation, reform, or Treasury Department “findings,” can make such a system “stable.”

The only true reform is to abolish FRB and establish a monetary order that requires all financial institutions to keep 100% reserves of depositors’ assets.

The Treasury Department’s recommendations are mere window dressing by the very banksters whose opulent livelihoods are predicated on FRB.

Orgy Of Rothschild Bankers: No Such Thing As Conspiracies [https://politicalvelcraft.org/2017/03/25/orgy-of-rothschild-bankers-no-such-thing-as-conspiracies/]

The elimination of FRB would go beyond a beneficial financial revolution, but would affect the foreign policy of the USA.  

Without the ability to create money via FRB, the murderous American Empire could simply not exist, nor would the nation’s draconian domestic security state.

NWO Parasite Regime vs Silver The Achilles Heel [https://politicalvelcraft.org/2016/01/17/nwo-parasite-regime-vs-silver-the-achilles-heel/]

With his selection of crony capitalists [aka Keynesian] and members of Goldman Sachs to his economic team, it is apparent that President Trump does not understand the true nature of the nation’s financial woes or what precipitated the last financial crisis and what will assuredly lead to a far bigger mess down the road.

If he did, his next Executive Order would be to implement steps and procedures to eliminate the scourge of fractional reserve banking forever.

Russia removed the last Rothschild Soviet on Christmas Day 1991. 

His name was Gorbachev. [https://politicalvelcraft.org/2011/07/30/treason-for-pelosi-obamas-communist-czar-aiding-and-abetting-mikhail-gorbachev-our-aim-is-to-disarm-the-americans-and-let-them-fall-asleep/]

[We will also assume that it is apparent President Trump is fully aware of the cronies on his economic team and that he fully understands that to stretch a rubber band too fast it may break immediately w/o even being able to attempt to slowly repair the damages of the hidden Keynesian government.]

More: https://politicalvelcraft.org/2017/06/28/u-s-system-porked-by-corrupt-fractional-reserve-banking/

Jon Rappoport's Blog

Deep medical fraud: logical insight cancels brain fog

by Jon Rappoport

June 28, 2017

In the course of an investigation, a clue can turn up that changes everything. It exposes massive falsehoods and fraud.

But the meaning of the clue doesn’t always tap the investigator on the shoulder and reveal its full implications. The force of the rational insight is on a delay mechanism, as it were.

When I was writing my first book, AIDS INC., in the late 1980s, I was surrounded by much confusion. A bewildering number of facts and opinions and lies were being fed to me by various sources. I was taping notes to my walls and trying to sort out the mess of spaghetti.

One day, while I was researching the AIDS antibody test, I spoke to an official at the FDA. He mentioned that, if a vaccine were developed for HIV, anyone who received…

View original post 797 more words

Source: U.S. Violation Of International Law Against Syria Has Elicited Military Responses From Russia & Iran

U.S. Violation Of International Law Against Syria Has Elicited Military Responses From Russia & Iran

BY VOLUBRJOTR – Jun 24, 2017

Russian Warships Fires Caliber Missiles Upon Mossad CIA ISIS Covert Depots In Syria

The dueling continues over Syria, where the US position of not just responding to actual attacks on US and its proxy forces, but to “threats” alone, has finally elicited a military response from Russia.

The US position is of course an outrageous one, but not only for being inside another country in violation of a number of international laws.

By embedding Special Ops forces among its militant groups, it claims the right to provide them air cover, even to the point of declaring “no go zones” of tens of kilometers from its illegal bases.

This is effectively a Balkanization of a UN member state’s country and its duly elected government: Definition: to divide (a country, territory, etc.) into small,quarrelsome,ineffectual states. Dictionary.Com

Turkey Bombed U.S. Backed Forces In Syria: https://politicalvelcraft.org/2017/04/26/turkey-bombed-u-s-backed-forces-in-syria/

Russian vessels deployed to the Mediterranean have fired cruise missiles at ISIS targets inside Syria, the Russian Defense Ministry says. 

The missiles were fired from two Russian warships and a submarine at targets inside the western Syrian province of Hama on Friday, it said.

“As a result of the surprise mass missile strike, command points were destroyed and also large stores of weapons and ammunition of the [U.S. Israeli] ISIS terrorists in the area of Aqirbat in the Hama Province,” the ministry said.

1. Luciferian Netanyahu Threatens Iran For Missile Strikes Against ISIS: State Of Israel & ISIS Are Two Sides Of The Same Coin: https://politicalvelcraft.org/2017/06/22/luciferian-netanyahu-threatens-iran-for-missile-strikes-against-isis-state-of-israeli-isis-are-two-sides-of-the-same-coin/

2. China Boosting Oil Imports From Iran: Philippines Also Joins List of Iran’s Oil Clients: https://politicalvelcraft.org/2017/01/06/china-boosting-oil-imports-from-iran-philippines-also-joins-list-of-irans-oil-clients/

It added that Russian planes then carried out aerial strikes that “destroyed the remainder of the ISIS fighters and their facilities.” 

Russia has also been conducting an aerial bombardment campaign against terrorist positions in Syria on a request by Damascus.

Russia has been conducting cruise missile strikes and aerial attacks against terrorist positions in Syria on a request from the Syrian government.

Russia ‘nearly 100 percent certain Baghdadi has been killed’

Russian Airstrikes Wipe Out Israeli U.S ISIS Army In Raqqa, Syria: U.S. ISIS Leader Killed: https://politicalvelcraft.org/2017/06/16/russian-airstrikes-wipe-out-israeli-u-s-isis-army-in-raqqa-syria-u-s-isis-leader-killed/

Meanwhile on Friday, Viktor Ozerov, the head of the defense committee in the upper house of the Russian parliament, said Russia was almost 100 percent sure that the leader of Daesh, Ibrahim al-Samarrai aka Abu Bakr al-Baghdadi, had been killed in an airstrike carried out by the Russian Air Force in Syria last month.

“I think this information is close to 100 percent [in certainty],” Interfax quoted Ozerov as saying. 

“The fact that Islamic State [Daesh] has still not shown him anywhere also adds to our confidence that al-Baghdadi has been killed.”

On Thursday, the Russian Foreign Ministry had said it was “highly likely” that Baghdadi, had been killed. 

Deputy Foreign Minister Oleg Syromolotov told Sputnik news agency that the information about Baghdadi’s likely death was now being verified through “various channels.”

The Friday statement by the Russian Defense Ministry said that Turkish and Israeli militaries “were informed in a timely manner of the missile launches through communication channels” but made no mention of the United States.

Russia has suspended communications with the US, which used to be carried out via a hotline set up to prevent accidental military confrontations over Syrian airspace. 

The US is present in Syria as part of a coalition that purports to be fighting Daesh but that has not received permission from Damascus.

U.S. Protects ISIS In Syria: Guns Down Syrian Warplane Engaged In Destroying U.S. Israeli’s ISIS Encampment: https://politicalvelcraft.org/2017/06/19/u-s-protects-isis-in-syria-guns-down-syrian-warplane-engaged-in-destroying-u-s-israelis-isis-encampment/

The suspension of the military contact came after a US warplane hit a Syrian Su-22 aircraft with a missile last Sunday. 

The US claimed that it had targeted the plane “in collective self-defense of coalition-partnered forces” in the city of Taqba in northern Syria.

By embedding [PAWNING] Special Ops forces among its militant groups, it claims the right to provide them air cover, even to the point of declaring “no go zones” of tens of kilometers from its illegal bases.

Kerry Breached Syrian Ceasefire Armistice ‘Within A Week’ ~ Russians Retaliate Killing 30 Israeli U.S. Officers Hidden In Aleppo ISIS Operations Centre: https://politicalvelcraft.org/2016/09/27/kerry-breaches-syrian-ceasefire-armistice-within-a-week-russians-retaliate-killing-30-israeli-u-s-officers-hidden-in-aleppo-operations-centre/

Moscow says Washington had failed to inform it about the hit. A day later, the Russian Ministry threatened to treat aircraft with the coalition “as air targets” if they flew in areas west of the Euphrates River.

The Pentagon responded by saying it would “defend” itself and “our partners if threatened.”

Article: https://politicalvelcraft.org/2017/06/24/u-s-violation-of-international-law-against-syria-has-elicited-military-responses-from-russia-iran/

Source: Americans Will Soon Turn Their Rage Towards Central Bankers

Americans Will Soon Turn Their Rage Towards Central Bankers

BY VOLUBRJOTR – Jun 24, 2017

Memories Of History: When The People Get Fed Up!

During the populist revolt of 2016, which first led to the “shocking outcomes” of Brexit and then Trump, we cautioned that these phenomena were merely the “silent majority” of the developed world’s middle class expressing their anger and frustration with a world that has left them – and their real disposable income – behind, while rewarding the top 1% through policies that have led to a relentless and record ascent in global asset prices, largely the purview of the world’s wealthiest.

When $10 Trillion In Fiat Debt Plus $80 Trillion In Global Debt Is Created In A Decade: https://politicalvelcraft.org/2017/04/27/when-10-trillion-in-fiat-debt-plus-80-trillion-in-global-debt-is-created-in-a-decade/

More recently, we also noted that it was only a matter of time before this latest “revolt” fizzled, as the realization that changing one politician with another would achieve nothing, and anger shifted to the real catalyst behind growing global inequality (and anger): central banks. [http://www.zerohedge.com/news/2016-10-17/change-necessary-it-impossible-deutsche-bank-explains-why-world-dead-end]

Exposing The New World Order: The Charles Lindbergh Retribution: https://politicalvelcraft.org/2015/02/25/exposing-the-new-world-order-the-charles-lindbergh-retribution/

In his latest note today, Albert Edwards picks up on this theme to write “Theft redux: the citizens will soon turn their rage towards Central Bankers.” 

The core of his argument is familiar:

While politics in the West reels from a decade of economic crisis and stagnation, asset prices continue to surge on the back of continued rapid growth in G3 QE. In an age of “radical uncertainty” how long will it be before angry citizens tire of blaming an impotent political system for their ills and turn on the main culprits for their poverty – unelected and virtually unaccountable central bankers? 

I expect central bank independence will be (and should be) the next casualty of the current political turmoil.

Madoff Whistleblower Harry Markopolos Says U.S. Government Is A Giant Ponzi Scheme, A Full-Blown Panic Is Coming And Journalism Is Dead: http://kingworldnews.com/madoff-whistleblower-harry-markopolos-says-u-s-government-giant-ponzi-scheme-full-blown-panic-coming-journalism-dead/

That’s just the beginning from Edwards, who appears to be getting increasingly angrier and more frustrated with a market that makes increasingly less sense: his fiery sermon continue with the following preview of the “inevitable catastrophe that lies ahead.”

Evidence of the impact of monetary madness on assets prices is all around if we care to look. 

I read that a parking spot in Hong Kong was just sold for record HK $5.18 million ($664,200). 

What about the 3.5 X oversubscribed 100 year Argentine government bond? 

Sure, everything has a market clearing price, even one of the most regular defaulters in history.

But what concerned me most about the story was it was demand from investors (“reverse enquires”) that prompted the issue. 

Is it just me or can I hear echoes of the mechanics of the CDO crisis? 

But no one cares when the party is still raging and investors, drunk with the liquor of loose money, are blind to the inevitable catastrophe that lies ahead.

There is a lot of anger out on the streets, as demonstrated most visibly in recent elections. 

Even in France where investors feel comforted that a “moderate” has gained (absolute?) power, it is salutary to remember that the two establishment parties have just been decimated by a man who had never before stood for public office!

This is perhaps even more radical than Trump’s anti-establishment victory under the Republican umbrella. 

The global political situation is incredibly fluid and unpredictable. 

While a furious electorate has turned its pent up anger on the establishment political parties, the target for their rage is misguided. 

I am not completely alone in thinking it is the unelected and virtually unaccountable central bankers who are primarily responsible for the poverty of working people and who will be ultimately held to account in the next crisis.

Police Get A Wakeup Call & Get Surrounded By Pissed Off Citizens.

In the immediate aftermath of the 2008 financial crisis, politicians skilfully diverted the publics’ anger away from themselves by scapegoating “the bankers”. 

After another eight years of economic stagnation that excuse no longer is tenable and politicians themselves are now taking the flak. 

But citizen revolutionaries will, I think, soon turn their fire on those who I believe are truly responsible for their plight.

Breaking: U.S. Senate Crypto Currency Killer Bill: https://politicalvelcraft.org/2017/06/21/breaking-u-s-senate-crypto-currency-killer-bill/

We explained back in January 2010 in a note entitled Theft! Were the US & UK central banks complicit in robbing the middle classes? (https://doc.sgmarkets.com/en/3/0/57/72073.html?sid=71a29e7747faf706c7e375c3361db3e7)how central banks in the US and UK had deliberately stocked up massive housing bubbles prior to the Global Financial Crisis (GFC) to disguise the rapid rise in income inequality in both countries. 

Rapidly rising house prices allowed the middle classes to maintain the illusion they were getting richer so that despite stagnant real incomes they could continue to consume by extracting housing equity. 

We know how that party ended!

After the GFC central bankers have collectively spent the last decade stepping up the pace of money printing to new extremes in an attempt to drown the global economy in liquidity, while couching their actions in plausible theories such as “secular stagnation”.

There is no recognition at all by central bankers that it may well be their own easy money and zero interest rate policies that are actually causing the stagnation in growth while at the same time wealth inequality surges to intolerable heights. 

Yellen et al will inevitably be sacrificed at the altar of political expediency as citizen rage explodes.

Revolt Of The Debt Slaves: When The Herd Turns: https://politicalvelcraft.org/2016/04/19/revolt-of-the-debt-slaves-when-the-herd-turns/

Edwards continues, justifying why it has taken his 2010 prediction so long to play out, and predicting that the end result is nothing short of a full systemic break down:

My dire prognostications back in January 2010 proved premature. 

It has taken another seven years of economic stagnation and falling living standards of working people, together with the sight of the rich getting richer as a result of central bank QE polices, for the patience of ordinary working people to snap – most visibly in the US and UK elections. 

That rage has not diminished and, as Bill Gross predicted, the system is in the process of breaking down.

Amidst the current turmoil in the US and UK there is a huge sigh of establishment relief in the eurozone in the wake of the defeat of the far right in recent French and Dutch elections.

Rothschild & Their Macron Flunky In France: https://politicalvelcraft.org/2017/04/24/rothschild-their-macron-flunky-in-france/

The establishment hope the tide towards radicalism has turned – at least in continental Europe. 

That belief is wrong in my view and the current revolution will devour more political and establishment victims before it’s over, most notably the central bankers themselves.

Ultimately, it’s all about wealth inequality however, and here it is central bankers again who are at fault:

Anecdotally we all know wealth inequality has risen due to central bank QE and free money. 

Although we can see and feel it, it is reassuring to see firm evidence. 

This week the UK Resolution Foundation published a damning report into rising wealth inequality in the UK (this UK think tank is led by David Willetts, who during his political career was known as one of the most intellectual of MPs – his nickname being “two brains”). 

The report found the key driver for rising inequality was the collapse in UK home ownership since the 2008 financial crisis to a 30 year low: link: https://www.theguardian.com/inequality/2017/jun/17/wealth-gap-rises-as-uk-home-ownership-falls-resolution-foundation and link: http://www.resolutionfoundation.org/media/press-releases/britains-increasingly-unevenly-shared-property-wealth-is-driving-up-inequality-after-a-decade-long-fall/.

Like so many economic commentators and think tanks, the Resolution Foundation doesn’t seem to want to pin the proverbial tail on the donkey – for it is not the lower home-ownership that is the real problem per se but the fact that QE is driving up asset prices that households no longer own! (In addition, zero interest rates have driven up buy to- let investment demand for housing hence reducing the supply of housing for owner occupation). 

While UK home ownership is now at a 30-year low (link), the US too has seen a similar shocking plunge in home ownership (see chart below).

At least in the run-up to the 2008 GFC, owner occupation in the UK and US surged along with house prices and so working people had the illusion they were getting richer along with the rest of the population. 

Now there is no such illusion for what has been dubbed “generation rent”. 

In the US, to add insult to injury, rent inflation has rapidly outstripped CPI since the GFC.

If things are bad in the UK, ?generation rent? has been squeezed far more badly by soaring rents in the US (see chart below). 

No wonder the JAMs (just about managing) are in revolt.

There is much more, bust the gist is clear: it is only a matter of time before the general population realizes that it is not politics, but monetary policy. 

But how long? 

The simple answer: as long as stocks keep rising, all shall be well: “no one cares when the party is still raging and investors, drunk with the liquor of loose money, are blind to the inevitable catastrophe that lies ahead.”

Which is also why the Fed will do everything in its power to keep the market ascent – and its existence – continue for as long as possible. 

And then, as a last diversion, they will blame Trump.

In other words, by the time all of this happens, the angry natives may have no choice but to rent their pitchforks…

https://politicalvelcraft.org/2017/06/24/americans-will-soon-turn-their-rage-towards-central-bankers/

Source: Breaking: U.S. Senate Crypto Currency Killer Bill

Breaking: U.S. Senate Crypto Currency Killer Bill

BY VOLUBRJOTR – Jun 21, 2017

As there are so many noobs buying into the “Bitcoin casino” right now, especially in Asia, the crypto-currency is now attracting a lot of people who think it’s just like a corporate stock.

In other words, they assume it’s regulated by somebody, that its promoters are subject to laws of some kind, and that the “Bitcoin company” must have all kinds of assets, earnings and profits. Otherwise, why would its value keep rising, right? [https://politicalvelcraft.org/2017/04/19/bitcoin-receives-another-blow-from-the-u-s-security-exchange-commission-no-to-blockchain/]

These assumptions are, of course, completely false. Bitcoin is an entirely different beast… which is what some of us really liked about the Bitcoin structure in the first place (decentralized, peer-to-peer, NOT regulated, etc.)

But when people are jumping into Bitcoin without an understanding of what it is, they are placing “bets” in a very risky casino system that they don’t really understand. 

This is where the danger lies for noobs [new].

Most Americans Cannot Even Afford 1 Bitcoin

6 in 10 Americans don’t have $500 in savings ~ 1 Bitcoin = +$2,900.00 June 11, 2017 {Read: http://money.cnn.com/2017/01/12/pf/americans-lack-of-savings/index.html]

The price of a Bitcoin has skyrocketed….

One explanation is that the Federal Reserve has decided to rid itself of a competing currency and is driving up the price with purchases while accumulating a large position, which then will be suddenly dumped in order to crash the market and scare away potential users from Bitcoins. 

Remember, the Fed can create all the money it wishes and, thereby, doesn’t have to worry about losses.

That’s why the guys from bitcoin drive me nuts. Because they think “Oh this is how we’re going to be free“. 

No, you’re prototyping Mr. Globals digital currency. ~Catherine Austin-Fitts Source: http://thedailycoin.org/2017/04/19/central-banking-warfare-model-readies-next-step/

Thus, in the interest of public education, I’m listing ten simple things that most people don’t know about the “Bitcoin casino.”

#1) Bitcoin isn’t a company. It has no corporate entity.

You can’t sue “Bitcoin, Inc.” if the promises you were made about Bitcoin price valuations don’t pan out. 

There is no Bitcoin, Inc.

#2) Bitcoin doesn’t have any earnings, revenues, profits or P/E ratios

Stock prices of companies like Apple and Amazon, although inflated, at least have some basis in reality: 

These companies make products, own fulfillment centers, have hard assets, earn real profits, etc. 

Bitcoin has none of these things: 

No earnings, no hard assets, no earnings reports, nothing. 

In fact, Bitcoin has dozens of competitors (other crypto-currencies), and some of them are technically quite superior to Bitcoin. 

There’s nothing unique about Bitcoin, in other words, that would grant it a long-term monopoly over crypt-currencies.

#3) Bitcoin trading isn’t really regulated by anyone

Although a few lame attempts have been made to criminalize Bitcoin in certain jurisdictions, the crypto-currency really isn’t subject to any meaningful regulations. 

This is both good and bad. 

On the good side, governments can’t mess with it. 

On the bad side, unscrupulous promoters can’t be stopped because there are virtually no regulations that govern their claims.

1. Bitcoin Bubble Bust Coming: http://financialsurvivalnetwork.com/2017/06/triple-lutz-report-417-bitcoin-bubble-bust-coming/

2. Bitcoin Rejected By The U.S. Security Exchange Commission: https://politicalvelcraft.org/2017/04/19/bitcoin-rejected-by-the-u-s-security-exchange-commission/

#4) If the internet goes down, Bitcoin ceases to exist

In the Bitcoin vs. Gold argument, remember that gold still exists when the power grid goes down, the internet comes to grinding halt, or a global nuclear war unfolds. 

Bitcoin, unfortunately, vanishes if the ‘net goes down. Hence the entire reasoning behind why Bitcoin is not a legitimate “store of value.” (Neither is the dollar, for that matter.)

#5) Very few merchants accept Bitcoin as a form of payment (although this could grow)

More than 99.9% of all merchants do NOT accept Bitcoin as a form of payment. 

This is largely due to the extreme volatility of Bitcoin price fluctuations, which can see a 50% fall in just 24 hours.

Roughly 100,000 merchants do accept Bitcoin at the moment, and that number could grow, but merchants don’t want to take the volatility risk that comes with holding Bitcoin, so until Bitcoin matures and settles into a more reliable pattern of valuations, merchants are likely to shun it for all the obvious reasons.

#6) Bitcoin transactions aren’t “free” – they’re currently running $23.66 per transaction

Remember when Bitcoin was promoted as a way to send money anywhere in the world almost instantly, for virtually no cost? 

Now, the average Bitcoin transaction fee is running over $23, and many confirmations are taking DAYS to complete. [https://blockchain.info/stats]

This is only going to worsen as transactional volume increases.

#7) Because Bitcoin isn’t regulated by the SEC, Bitcoin promoters can claim any forward-looking estimates for future value

Have you noticed Bitcoin promoters now claiming Bitcoin could rise to millions of dollars per Bitcoin? 

If they were promoting corporate stocks, they would be in jail for “securities fraud.”

But because Bitcoin isn’t subject to any SEC regulations (both a good and bad thing, depending on the context), Bitcoin promoters can make any claims they want, without being subject to any regulations at all. 

Many of the claims are outlandish, pie-in-the-sky bunk.

#8) You can’t sue anyone if you lose money in Bitcoin

When Bitcoin crashes and you realize you were lied to about the $1 million valuation estimate being pushed by dishonest Bitcoin promoters, you can’t sue anyone because there is no Bitcoin, Inc. 

The entire Bitcoin system is effectively unregulated.

There’s not even any jurisdiction under which Bitcoin can be sued, since it exists as a computational hologram on the global ‘net.

DO YOU REMEMBER THE DAY WHERE YOU WERE WHEN YOU LOST ALL YOUR MONEY? [https://politicalvelcraft.org/2017/03/06/comparing-golds-price-to-bitcoins-digital-fiat-bubble-is-patently-ridiculous-bitcoin-digital-token-would-need-to-be-450000-00-each/]

Read: Court Takes Control of Digital Currency Exchange Cryptsy: http://www.coindesk.com/cryptsy-assets-frozen-as-florida-court-appoints-receiver/

#9) Nearly all Bitcoin promoters have a conflict of interest in attracting more buyers into Bitcoin

Nearly all the people who are rabidly promoting Bitcoin have a conflict of interest: 

They own Bitcoins. 

And they realize the value of their Bitcoins will only rise if they find more people to buy into Bitcoin. 

Thus, their promotion of Bitcoin is largely rooted in self-interest rather than rational analysis. 

That’s why some of the unscrupulous sales tactics now being witnessed would put a used car salesman to shame.

#10) Bitcoin isn’t a very “liquid” market compared to the stock market. Transactions can take DAYS to clear

Most of the new buyers into Bitcoin have never sold Bitcoin. 

They’ve only bought it. 

So they assume that Bitcoin is easy to sell, sort of like selling stocks into the stock market. 

Yet Bitcoin isn’t a stock market at all, and selling Bitcoin can be extremely difficult compared to buying Bitcoin, especially in a market downfall. 

In a panic, Bitcoin sellers will find themselves trapped in Bitcoin, practically unable to sell on any sort of timely basis, even as the value plummets by the minute.

House Of Cards

Conclusion: If you’re going to play in the Bitcoin casino, know the risks

At this point, Bitcoin is a casino. 

It didn’t start that way, but thanks to unscrupulous promoters, it has become a kind of Ponzi scheme where a never-ending supply of new buyers is required to keep propping up the price… mostly by convincing technically-ignorant noobs that Bitcoin is a magical source of endless wealth creation that has somehow been brought to Earth from an alternate universe.

The madness of crowds, of course, can continue for quite some time. 

Bitcoin may yet rise substantially, but its eventual demise is a mathematical certainty. [http://www.naturalnews.com/2017-06-05-bitcoin-end-game-japanese-korean-kindergarten-teachers-magical-source-endless-wealth.html]

If you’re going to play in the Bitcoin casino, you need to know what risks you’re taking on. 

Technically, that risk include the risk of a total loss.

The more I write about Bitcoin, by the way, the more I am getting attacked by Bitcoin hucksters who are trying to keep the “pump and dump” scheme going a little longer so they can sell their overvalued Bitcoins to clueless noobs.

They will earn millions of dollars if Bitcoin keeps rising. I earn nothing if Bitcoin falls. 

My only incentive is to warn my readers to not get hurt by all this. 

I’m not posting articles to other websites or trying to interrupt the Bitcoin community for some bizarre reason. 

I’ve always been pro-crypto-currency and will remain so. 

Central banks are a fraud. 

But that doesn’t mean Bitcoin isn’t a risky casino at this point, either. (Bubbles, bubbles, everywhere!)

Bitcoin Bubble 2017: https://politicalvelcraft.org/2017/05/19/bitcoin-bubble-2017/

Just make sure you’re not one of those noobs who gets hurt by Bitcoin.

I’m also launching BitRAPED.com soon to document the eventual collapse of Bitcoin. 

It should be live in a week or so. 

I can’t tell you when the crash is coming. 

It might be 5 hours, 5 weeks or 5 years. 

It all depends on the psychology at this point, and psychology is fickle.

As long as more people can be recruited into the Bitcoin Ponzi scheme, it can keep rising for quite some time. 

Perhaps we should rename it Bernie Madoff Coin! [Perhaps we could also call it the Amnesty Coin: https://politicalvelcraft.org/2013/05/17/urgent-action-tell-your-senators-that-6-3-trillion-is-too-high-a-price-to-pay-for-the-gang-of-eights-amnesty/]

More: https://politicalvelcraft.org/2017/06/21/breaking-u-s-senate-crypto-currency-killer-bill/

Desultory Heroics

By Danny Haiphong

Source: Black Agenda Report

“Economic crisis at home and endless war abroad has placed finance and monopoly capital in political disarray.”

When I was here last year, I spoke a lot about ideology and how the struggle for social transformation in the mainland of imperialism partly depended upon the ideological development of oppressed people trapped within US borders. The 2016 elections were beginning to pick-up momentum, but it was unclear what direction they would go. Fast-forward to the present and, I don’t know about you all, but I am exhausted. The election of Donald Trump has presented both new and old challenges. It has created an almost circus-like political environment with dire consequences for the masses. What precipitated the circus-show is a crisis of governance that has been intentionally misunderstood by US imperialism’s corporately owned media and political elite.

To distort the crisis, a state of anti-Russian…

View original post 1,634 more words

Source: U.S. Protects ISIS In Syria: Guns Down Syrian Warplane Engaged In Destroying U.S. Israeli’s ISIS Encapment

U.S. Protects ISIS In Syria: Guns Down Syrian Warplane Engaged In Destroying U.S. Israeli’s ISIS Encampment

19 JUN 2017 BY VOLUBRJOTR 

Russia has said it will treat US warplanes operating in parts of Syria where its air forces are present as “targets” amid a diplomatic row caused by the downing of a Syrian jet. [http://www.hangthebankers.com/united-states-support-isis-shoots-syrian-aircraft/]

The country’s defence ministry said the change in position would apply to all aircraft, including those operating as part of the US-backed coalition.

It will also suspend a hotline between Russia and the US set up to prevent mid-air collisions.

Iran fires missiles at ISIL positions in eastern Syria: http://www.aljazeera.com/news/2017/06/iran-fires-missiles-isil-positions-eastern-syria-170618193251349.html

U.S. Helicopters Rescued ISIS Commanders In Mosul: https://politicalvelcraft.org/2017/03/27/u-s-helicopters-rescued-isis-commanders-in-mosul/

US kills over 225 civilians in Syria past month, including 44 children: http://www.hangthebankers.com/us-kills-civilians-syria-past-month-children/

Russia Upgrading S-400 Missile Air Defense In Syria

The ministry said in a statement: “All kinds of airborne vehicles, including aircraft and UAVs of the international coalition detected to the west of the Euphrates River will be tracked by the Russian SAM systems as air targets.”

Turkey Receives Russian Air Defense Systems: https://politicalvelcraft.org/2017/05/01/turkey-receives-russian-air-defense-systems/

Turkey Bombing U.S. Backed Forces In Syria: Back Stabbing The Back Stabbers: https://politicalvelcraft.org/2017/04/26/turkey-bombing-u-s-backed-forces-in-syria-back-stabbing-the-back-stabbers/

The warning followed after a US F-18 Super Hornet shot down a Syrian army SU-22 jet on Sunday in the countryside southwest of Raqqa.

Russia’s Defence Ministry said the suspension of its communication channel with the Americans would begin immediately.

The US did not use its communication channel with Russia ahead of the downing of the Syrian government warplane, the ministry was quoted as saying, accusing the US of a “deliberate failure to make good on its commitments” under the de-confliction deal.

“The shooting down of a Syrian Air Force jet in Syria’s airspace is a cynical violation of Syria’s sovereignty,” the ministry said.

“The US’ repeated combat operations under the guise of ‘combating terrorism’ against the legitimate armed forces of a UN member-country are a flagrant violation of international law and an actual military aggression against the Syrian Arab Republic.”

Russian Air Force Unleashes Hell On U.S. Israeli Proxied ISIS Rebels In Northern Syria: https://politicalvelcraft.org/2017/04/13/russian-air-force-unleashes-hell-on-u-s-israeli-proxied-isis-rebels-in-northern-syria/

Russian Airstrikes Wipe Out Israeli U.S ISIS Army In Raqqa, Syria: U.S. ISIS Leader Killed: https://politicalvelcraft.org/2017/06/16/russian-airstrikes-wipe-out-israeli-u-s-isis-army-in-raqqa-syria-u-s-isis-leader-killed/

Russia, which has been providing air cover for Syria’s President, Bashar al-Assad, since 2015, has an agreement with the US aimed at preventing incidents involving either country’s warplanes engaged in operations in Syria.

Downing the jet was akin to “helping the terrorists that the US is fighting against”, Sergei Ryabkov, Russia’s Deputy Foreign Minister, said.

“In accordance with rules of engagement and in collective self-defence of Coalition partnered forces, it was immediately shot down by a US F/A-18E Super Hornet,” a statement released by US Central Command on Sunday said.

“The Coalition’s mission is to defeat ISIS in Iraq and Syria. 

The Coalition does not seek to fight Syrian regime, Russian, or pro-regime forces partnered with them, but will not hesitate to defend Coalition or partner forces from any threat.

“The Coalition presence in Syria addresses the imminent threat ISIS in Syria poses globally. The demonstrated hostile intent and actions of pro-regime forces toward Coalition and partner forces in Syria conducting legitimate counter-ISIS operations will not be tolerated.”

Hang The Bankers: http://www.hangthebankers.com/russia-jets-syria-america-warplane-isis/

Lavrov Russia ~ Kerry Zionist Hidden U.S. Government

Kerry Breaches Syrian Ceasefire Armistice ‘Within A Week’ ~ Russians Retaliate Killing 30 Israeli U.S. Officers Hidden In Aleppo Operations Centre: https://politicalvelcraft.org/2016/09/27/kerry-breaches-syrian-ceasefire-armistice-within-a-week-russians-retaliate-killing-30-israeli-u-s-officers-hidden-in-aleppo-operations-centre/

More: https://politicalvelcraft.org/2017/06/19/u-s-protects-isis-in-syria-guns-down-syrian-warplane-engaged-in-destroying-u-s-israelis-isis-encapment/