by Simon Black
Senior Editor, SovereignMan.com
I’m here today with about 100 special guests who have flown in to Singapore from all corners of the world for an intensive 2-day offshore tactics workshop.
Singapore is a great place to hold such an event as it’s easily one of the most financially stable jurisdictions on the planet.
Think about it– the government here has ZERO net debt. They run generous ...READ MORE »
by Simon Black
I suppose by now you have heard of Bitcoin?
If not, it is time to get up to speed.
If you have heard of Bitcoin chances are you think it is a digital currency of some kind.
Or, if really misinformed you might think it is a company, a ponzi, a scheme, or some kind ‘programme’ or HYIP.
Well, one of its applications is certainly as a means of exchange, or a currency.
But, it is certainly none of the others.
In fact, Bitcoin is ONE application of millions to come that is building upon what is called the ‘Block Chain’.
Think of it like this.
When the internet was set up email and bulletin boards were the first ‘applications’.
Now we have the internet as we know it and with Bitcoin the internet itself will soon take another turn.
The Blockchain represents a decentralized ledger, a decentralized NO TRUST network. That is we do not need to ‘trust’ centralized authorities to verify a transaction any longer.
This means everything we know in this world changes over night.
The net itself is on the way to becoming decentralized. See www.MaidSafe.net to find out where that is going.
Contracts can be verified, marriages consummated, and elections will soon be able to be completely transparent bringing an end to manipulated election data, a very good thing.
So, Bitcoin is much more than a digital currency which is just its first application.
If you still do not get the importance of the ‘Blockchain Revolution’ understand this:
1. More money has been invested in the first 5 years of Bitcoin than the first five years of investing in the internet
2. China alone accounts for 10 times the Bitcoin transaction than the rest of the world combined
3. Paypal is NOW bringing on Bitcoin
4. Richard Branson invested 30M into Bitcoin
5. Some companies are planning to accept nothing but Bitcoin within the year. NO funny money from now on.
6. Facebook Twins Invested heavily and say it will dwarf Facebook
7. Tim Draper, Silicon Valley power investor, recently bought 19M of Bitcoin and an auction. What does he know or think?
8. Tim Draper has predicted a Bitcoin worth $10,000 in 3 Years. We shall see!
So, how to get some Bitcoin?
The easiest way is to just find an exchanger and exchange your funny money for some Bitcoin. You can simply begin to use it like any other money. There are thousands of places online that accept Bitcoin.
Or you can buy it and take a ‘buy and hold’ approach if you are bullish, like I am, on where Bitcoin might go in the future.
Then there is MINING. This is how all Bitcoin is produced in the first place through a mathematical algorithm. Here is a tutorial on how that works.
In the early days people were mining Bitcoin with laptops. The processing speed needed was not much.
Today it is completely different. Now, it takes a HUGE amount of processing power and MASSIVE amounts of electricity to mine.
Since it has become prohibitively expensive for individuals to mine on their own, we now have MINING POOLS.
However, most mining pools had you buying into equipment that was outdated by the time it was delivered and the mining was focused on Bitcoin primarily.
Smart mining operations as actually now engaged in mining profitable coins out of the over 500+ ALT COINS on the market. Once they mine these ALT COINS they THEN convert them into Bitcoin on the open market.
There are many mining operations you can participate in. But, my personal favourite is BitClub Network for several reasons:
1. BCN’s technology ensures its equipment stays up to date with the latest by forcing compounding of some of your mined Bitcoin to buy more processing power. This means the amount of power producing Bitcoin for you compounds for you on a DAILY basis. This means BCN also makes it a level playing field for new miners and early miners.
2. BCN is entirely Bitcoin in and Bitcoin out. It accepts no fiat currencies.
3. It is based in Europe in a Bitcoin friendly jurisdiction
4. It does not require any referring of people to compound and grow your Bitcoin holdings
5. IF one does participate in their affiliate program, it becomes crazy powerful as each time a referral re-purchases Bitcoin Pool Shares on a daily basis, you are getting paid in Bitcoin a small percentage of that purchase, up to 27.5%. Over time these little bits compound into a significant amount of shares that are continuing to mine more Bitcoin. It is very powerful. Just one referral can expand your Bitcoin mining volume considerably over time. This makes BCN the ONLY LEGITIMATE Mining Operation I know of at this time that leverages an ‘organization’ to accumulate even more Bitcoin.
Therefore, I think it makes much more sense than ‘buy and hold’ as BCN will create a BITCOIN INCOME for you that you can USE or HOLD as you like.
It is also better than buying into a typical non-compounding mining pool where you are buying a static amount of processor power that is quickly not mining what it used to. BCN has solved that problem completely and is constantly re-investing in more power because we are buying more power on a daily basis FROM OUR PROFITS. Ingenious.
If interested in learning more you can click on the banner below and register as a free member. If, after doing your due diligence, you see the potential as I do you can upgrade to full member status for $99. This then allows you to participate in the Mining Pools. It is that easy.
Don’t you find the main scream media’s portrayal of ISIS in their 40,000 dollar pick up trucks, all black outfits like out of some 1950s ‘black hats and white hats’ Western cowboy movie?
Don’t you find it odd that a Mossad agent should be leading the ISIS ‘muslims’ to kill and destroy mostly Muslim families, villages, and innocent non-Muslims?
Then there is the obviously staged beheadings by ISIS which are suspected by investigators to be fake even if the individuals were executed.
Here is Ayatollah Khamenei’s 6 reasons to prove ISIS serves the U.S. and Israel.
It would appear that ISIS is just another distraction from what is really going on in the world, while vilifying all Muslims.
I am sure most who watch the main scream media and the graceful Malala receiving her Nobel Prize for championing women’s education have the view that all Muslims are about keeping women down. Certainly some are. But, here is the vilified Ayatollah Khamenei’s view on women’s education. Propaganda or the real deal? You decide.
All I can say is that the main scream media has become the propaganda ministry for the Organized Criminal Cabal.
Unfortunately, for the cabal, the whole world is wide awake to the deceptions, apart from the couch potatoes watching ‘Dancing with the Stars’.
What the cabal may not realize is that programming the couch potatoes will do them no good now that the independent media, the police, the intelligence services, the military, members of the bureaucracy and government, and even some in the main scream media, are waking up.
2015 may be the ‘game over’ year and the recent CIA Torture Report and the calls for the arrest of many in high places could be the event the pulls the plug and flushes out all the scum that goes down with the bath water.
It proves to be a very interesting 2015.
Happy New Year!
I introduced Karatbars to my subscribers and listed this in the WBC private members site about 5 years ago and told you to pay attention as it would grow into a major supplier of ‘gold money’ and recent developments indicate it is going to be ramping this up worldwide.
Those of you who joined this over the last 5 years, when I first announced the launch, need to revisit this and consider becoming more active.
Like me, you may be buying gold and silver every month through services like Silver Saver. I use them too. It is another way to keep in a regular buying schedule and I can buy gold and silver there and do on a monthly and sometimes weekly basis.
The interesting part about Karatbars is that they have a simple plan that helps you and others save MORE gold by helping others create a solid savings plan by converting their steadily devaluing funny fiat money into real money.
Their 12 week plan, in theory would produce for you all your gold purchases for free within weeks and $4500 a week, paid onto a card backed by GOLD. You cannot beat that for a way to catch up on your gold buying as I know many of you have not even gotten started.
Taking the Silver Saver route or other routes are fine if you just look at the price.
However, by adding in Karatbars, there is the very real potential, IF you follow their very simple plan, to play catch up on your gold plan that you probably have been putting off as ‘low priority’.
What about pricing?
I don’t think much about the price honestly. I think about the end result and do whatever is easiest to accumulate more gold with less effort. I buy, buy, buy, no matter what the price. I buy through Silver Saver and am kicking up my purchasing again through Karatbars.
I do not however do this as an ‘investment’.
It is like buying an insurance policy. You don’t buy insurance one month and not the next.
Same with gold and silver.
What is gold insuring me against?
Well, how about the possibility of a complete global financial reset?
On October 22, 1981, US government had accumulated an astounding $1 TRILLION in debt.
It had taken the country 74,984 days (more than 205 years) to accumulate this first trillion in debt, most of it created AFTER the fraudulent creation of the Federal Reserve (a PRIVATE for profit banking cartel).
After 1981, it would take less than five years to accumulate a second trillion.
As of this last Friday afternoon, the US government just hit $18 trillion in debt, unpayable debt.
This took a mere 403 days to accumulate the most recent trillion in debt.
Is there anyone wondering what next year will be bring or does everyone in the world have their heads up where the sun don’t shine??
So, that is why I keep saying that PART of your asset protection, and income, strategy needs to include gold and silver (with prices now being suppressed at a heavy cost to the Plunge Protection Team that props up the dollar). Once the lid comes of there is no telling where gold and silver will go.
This is also why I am a Bitcoin advocate as well.
So, for all of you who are members of Karatbars, get yourself re-acquainted with the new plan and new Karatbars.
I think you will find it quite a bit simpler to grasp than what was presented 5 years ago.
If this is all new to you feel free to register at http://www.karatbars.com/?s=78359
The NEW Plan:
12 Week Strategy: http://youtu.be/XFIbfZhbHgY — best video I’ve seen on this.
Momentum & Velocity: http://youtu.be/CtZfOfEqxwc
Karatbars is certainly a company on the move and recently I have seen people all over the net pushing this hard and I am sure you have been hearing about it too.
It is a good time to re-visit this company and consider whether it is a fit for you and your needs.
Contact me for assistance anytime! I am here to help…
Here is an image of the brand new Karatbars Gold Coin……*Note that it contains 1 gram of 999.9 pure Gold…Wow!
Soon, I will be showing you how to completely rid yourself of bad debt and create a snowball of income without scrimping or adding a penny of expenses to your monthly budget.
Everyone reading can have your mortgages paid off, all student loans paid, car loans paid off, EVERYTHING paid off, and a SOLID consistent income coming in to…well…buy more Bitcoin, Gold, and Silver…while you are picking up cash flowing real estate and agricultural land.
One step at a time.
December 2, 2014
On October 22, 1981, the government of the United States of America accumulated an astounding $1 TRILLION in debt.
At that point, it had taken the country 74,984 days (more than 205 years) to accumulate its first trillion in debt.
It would take less than five years to accumulate its second trillion.
And as the US government just hit $18 trillion in debt on Friday afternoon, it has taken a measly 403 days to accumulate its most recent trillion.
There’s so much misinformation and propaganda about this; let’s examine some of the biggest lies out there about the US debt:
1) “They can get it under control.”
What a massive lie. Politicians have been saying for decades that they’re going to cut spending and get the debt under control.
FACT: The last time the US debt actually decreased from one fiscal year to the next was back in 1957 during the EISENHOWER administration.
FACT: For the last several years, the US government has been spending roughly 90% of its ENTIRE tax revenue just to pay for mandatory entitlement programs and interest on the debt.
This leaves almost nothing for practically everything else we think of as government.
2) “The debt doesn’t matter because we owe it to ourselves.”
This is probably the biggest lie of all. Two of the Social Security trust funds alone (OASI and DI) own $2.72 trillion of US debt.
The federal government owes this money to current and future beneficiaries of those trust funds, i.e. EVERY SINGLE US CITIZEN ALIVE.
I fail to see the silver lining here. How is it somehow ‘better’ if the government defaults on its citizens as opposed to, say, banks?
3) “They can always ‘selectively default’ on the debt”
Another lie. People think that the US government can pick and choose who it pays.
They could make a bing stink about China, for example, and then choose to default on the $2 trillion in debt that’s owed to the Chinese.
Nice try. But this would rock global financial markets and destroy whatever tiny shred of credibility the US still has.
Others have suggested that the government could selectively default on the Federal Reserve (which owns $2.46 trillion of US debt).
Again, possible. But given that the Fed (the issuer of the US dollar) would become immediately insolvent, the resulting currency crisis would be completely disastrous.
4) “It’s the NET debt that’s important”
Analysts often pay attention to a country’s “net debt” instead of its gross debt. If you have a million bucks in debt, and a million bucks in cash, then your ‘net debt’ is zero. It washes out.
Problem is, the US government doesn’t have any cash. The Treasury Department opened its business day on Friday morning with just $71.9 billion in cash, or just 0.39% of its total debt level.
Apple has more money than that.
5) “They can fix it by raising taxes”
No they can’t. Just look at the numbers. Since the end of World War II, US government tax revenue has consistently been roughly 17% of GDP.
They can raise tax rates, but it doesn’t move the needle in terms of revenue as a percentage of GDP.
In other words, the government’s ‘slice of the pie’ is pretty consistent.
You’d think with this obvious data that, rather than try to increase tax rates (ineffective), they’d do everything they can to help make a bigger pie.
Or better yet, just leave everyone the hell alone so we’re free to bake as much as we can.
But no. They have to regulate every aspect of people’s existence: How you are allowed to educate your children. What you can/cannot put in your body. How much interest you are entitled to receive on your savings.
All of this costs time, money, and efficiency. So do never-ending wars. The bombs. The drones. The airstrikes.
This isn’t about any single person or President. The problem is with the system itself.
History shows that every leading superpower from the past almost invariably fell to the same fate.
Great powers often feel that their wealth and success entitles them to spend recklessly and wage endless, arrogant wars. The Romans. The Ottoman Empire. The British.
History may not repeat but it certainly rhymes. And the lesson here is very clear: debt weakens a nation. It weakens a society.
Generations that will not even be born for decades will inherit these debts by complete accident of birth.
And the people in charge of the system have backed themselves into a corner where there is no way out other than to default– either on their creditors (creating a global financial crisis), the central bank (creating a currency crisis), or on the citizens themselves (creating an epic social crisis).
Bottom line: this is not a consequence-free environment. And while you can’t fix the debt problem, you can certainly reduce your own exposure to what happens next.