This video is a great explanation of the changes that have been taking place in financial systems around the world, since the US Housing Crisis of 2008, and the formation of BRICS (Brazil, India, China, and South Africa).
It shows how countries are moving towards a combination of gold-backed and resource-based currencies, which further explains why Trump is working towards mining America’s resources. By contrast, Canada’s Liberal government(s) are working hard to keep its own resources in the ground, thus keeping them from being a wealthy nation in the new financial system.
Where does Internet data mining expert Clif High see Bitcoin going in the hyperinflation we are heading into? Clif High says, “I’ve got what you call a strike point, a numeric value our data sets are aiming at that shows Bitcoin should be about $13,800 sometime in early February of 2018. That will basically be a fivefold increase at what we are at now. . . . I always thought cryptos would have to break out first in order to upset . . . the structure of the central banks so silver and gold could break loose. I suspect silver will break loose. The rocket shot on that will be staggering, but bear in mind I am the Internet’s worst silver forecaster. I have had silver at $600 per ounce in our data since 2003. If that occurs, look at how shocking and rapid that rise is going to be.”
High goes on to say, “Gold and silver are the most undervalued assets on the planet.” . . . And he predicts “by early February, gold will be at $4,800 per ounce and silver will be around $600 per ounce.”
High also says, “The Fed can’t kill crypto currencies . . . The elites are fearful because they can’t control crypto currencies, and they can’t suppress them. There will be no more source of free printed money for bribing people. . . . When the dollar dies, the corruption and crime will be revealed.”
Join Greg Hunter as he goes One-on-One with Internet data mining expert Clif High of HalfPastHuman.com.
All Things Bitcoin. Remember that blog? It was mine. Back in 2012-13, I mined Bitcoin and tried living off my mining income while I recovered from a lengthy hospital stay and was faced with being on long-term disability.
During that time, I experienced first-hand the level of corporate greed and corruption, and thousands of Bitcoin miners were cheated out of their dreams and hard-earned money by the likes of companies like Butterfly Labs and HashFast. Many of us lost everything, including me.
Since then, I have been struggling to get back on my feet, but having ethics and a conscience makes it difficult to find decent work, these days.
Recently, I have been fielding questions from people who are hearing about Bitcoin for the first time, so I decided to put together the following Bitcoin playlist:
This interview from August 2016 just appeared on my radar. In it, Catherine Austin Fitts discusses the future of the global economy and potential expansion into outer space. -Ed.
FRA Co-founder Gordon T. Long discusses with Catherine Austin-Fitts about the future of the global economy, along with providing insight on recent events and potential expansion into space.
Catherine is the president of Solari, Inc., publisher of the Solari Report, and managing member of Solari Investment Advisory Services, LLC. Catherine served as managing director and member of the board of directors of the Wall Street investment bank Dillon, Read & Co. Inc., as Assistant Secretary of Housing and Federal Housing Commissioner at the United States Department of Housing and Urban Development in the first Bush Administration, and was the president of Hamilton Securities Group, Inc. Catherine has designed and closed over $25 billion of transactions and investments to-date and has led portfolio and investment strategy for $300 billion of financial assets and liabilities.
Catherine graduated from the University of Pennsylvania (BA), the Wharton School (MBA) and studied Mandarin Chinese at the Chinese University of Hong Kong. She blogs for the Solari Report at solari.com.
GLOBAL DEBT FOR EQUITY GAIN
It’s equity for debt swap. Since WW2 we’ve been on the debt-growth model, growing the economy by issuing more government debt.
“We have literally evolved an infrastructure and a leadership of people who don’t understand or have never participated in markets.”
They don’t understand market economies; they don’t understand understand command and control economies. We’ve literally been living off debt growth, and that debt growth is slowing. Part of the challenge of being in a debt-based economy is that people get out of alignment. There’s no better example than what’s happening with student loans. We’re literally watching an entire industry make more money off their borrowers’ failure than their borrowers’ success.
When you’re integrating very complex equity at fantastic speeds, equity builds a much more aligned model between the parties. We’re definitely coming into a debt-for-equity swap worldwide.
A PERIOD OF INSTITUTIONAL REFORM: WHO LEADS?
We have two challenges: the leadership we developed over the last 50-70 years don’t know how to work in a world where capital is dear and you have to optimize, particularly fundamental economics. The other problem is that there are two ways to do an equity for debt swap: one is on a managed process where you realign bottom up, the other is where you write everything down.
“Are we going to crash out the equity markets or are we going to foreclose and bankrupt everybody? There’s two ways to go.”
Appratently, Clif High’s WebBot accurately predicted that Hillary would go missing after the election, which prompted this fantastic interview. Of special interest, Greg and Clif examine the language used by the supporters of the winning and losing candidates.