2013 was a stellar year for Bitcoin and Litecoin. Crypto currency provides freedom from Central Banks that print money out of thin-air like it is going out of style.
Also Max tax about Edward Snowden and NSA spying on whole world. You don’t have to be a victim of government spying, use technologies that reduce your digital foot print.
Learn how the economic machine really works with this simplified cartoon narrated by hedge fund manager Ray Dalio of Bridgewater investments.
After, you watch this short video and you take into account where the debt situation the U.S and the world is currently in, you can form a better vision of where the economy of the world will be in the next decade.
All you have to do is look at how the stock market has been on a tear since 2009. Is it going to end soon…maybe. The weekly charts are showing things are getting frothy and tired at these high levels.
As Mark Spitznagel has said in the video, everything in terms of value and perception is out of whack, because there is so much liquidity in the markets thanks to money printing by governments.
Real estate is super expensive, commodities are expensive, stock market / stock valuation is very expensive as compared to earnings, while the true state of the economy is dismal at best.
This is a great example of Banks and Governments with large budgets and super computers using HFT (High Frequency Trading) to manipulate markets pushing prices up and down.
As I was checking the crypto currency market last night I noticed that pretty much all the top 10 crypto coins were being hammered down , Bitcoin was down over 30%, Litecoin was also down and Quark was down over 40% as well.
Murphy has a good point the market is at dangerous levels and it is time to be cautious. The news lady says “That is not what Goldman Sachs says”. Well, generally Wall Street big wigs like Goldman will usually tell public to buy, stock market is going higher, when in the background they are getting ready to sell you their inventory of stocks. This is the wall street poker game they play.
As of the time of the writing of this article, QuarkCoin currently sits at number 8 on the list of crypto currencies based on market capitalization. It previously was sitting at number 12, however the rising popularity of this crypto currency is partly due to the fact that there are rumours that it is going to be listed on one of the major crypto currency exchanges in China and also because the coin was covered by the Still Report#132 http://www.youtube.com/watch?v=6qXhqSy0nbg . Keep in mind that market capitalization changes daily as more people get in on the coins.
I’ve been watching the situation of Canadian personal debt for a while, and it seems like it is getting bigger and bigger. This latest report shows a 3% increase in personal debt not including mortgages.
What most Canadians are failing to comprehend, is that all it takes for them to hit financial ruin is a loss of a job and a rise in interest rates. Most Canadians should think about trying to reduce their debt as much as possible as the next downturn in the economy is coming between 2014-2017.
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