$3,000 Bitcoin Continues To SURGE, War & Debt Crisis On The Horizon

samuelreeds (43)in #bitcoin • 8 years ago (edited)

Donald Trump's ceremonious visit to Saudi Arabia did nothing but instill skepticism among his base, and the market. Recent actions taken place by the United States is contradictory to what Candidate and President Elect Donald Trump believe, and we know this fact - this is documented. A change in opinion so drastic invites serious skepticism as to the current foreign policy and what exactly is being conducted. All the indicators are there, and it is very well possible Bitcoin has taken the role of Gold, as the price itself a false reflection due to price suppression -- Bitcoin's price cannot, and is not fixed in the same manner. It is an accurate reflection and status of the global economy.

*At the time of publication, United States national debt clocks at $19,919,665,552,571.00

--- MARCH 15, 2017 Zero Hedge: The US Is About To Hit $20 Trillion In Debt: Here's How It Affects You. David Stockman, former budget director for the Reagan administration, spoke to Neil Cavuto on Fox Business about the imminent debt crisis threatening to blindside the U.S. economy:

“What I’m saying is, all the extra growth from dynamic accounting that you could get if you got all these tax cuts through, it will not happen, the math isn’t there, it’s impossible. There is going to be a debt crisis this summer that will cause a financial crash of unbelievable proportions….

It’s going to go on for days and weeks if not months, because Congress is already nasty and partisan. I’m seeing reality, the robo-machines are simply trading sound bites and tweets and hourly sentiments, this is meaningless.

--- MAY 18, 2017 Daily Beast: Stocks Surged as Trading Floors Watched ‘Breaking’ InfoWars Video. It Was Two Weeks Old, and Wrong. The video, it turns out, was actually two weeks old, misleadingly edited with the intention of falsely accusing former FBI director James Comey of perjury—and was initially aired by conspiracy website InfoWars on Thursday around noon.Trump wasn’t cleared. In fact, since the video had been around since May 3rd, nothing had changed at all. But by the time traders found out, the dollar index had spiked anyway.The fallout of the story is leaving analysts wondering how to absorb information in a market that is suddenly waiting on bated breath for the latest rumors to come out of the White House—even when those rumors are intentionally misleading or untrue.“The market is used to trading on rumors. There are always rumors of takeovers or bankruptcies. In those situations, when you bet on a rumor, you lose big time,” Adam Button, the chief currency analyst at ForexLive, told The Daily Beast.“With political rumors, they don’t have to be true.”

--- MARCH 15, 2017 Zero Hedge: The US Is About To Hit $20 Trillion In Debt: Here's How It Affects You. Sure, 20 trillion is just a number, and the United States has a printing press, so technically, it can just create money to pay its bills. But that kind of short-sightedness is what has brought great civilizations to their knees in the past. Millennials can blame the baby boomers and the baby boomers can claim they didn’t know any better, but regardless, the situation is dire.Despite the anticipation of reaching these debt levels, in all likelihood, the ceiling will eventually be raised and more reckless spending will follow. The spectacle put on by bureaucrats in Washington may be entertaining, but history will judge those who remain silent and pretend it isn’t their responsibility to intervene. The time to think about who has been entrusted with your life savings and retirement is now. Most people wander through life never considering the unpleasant truths that might disturb their rose-colored view of the world. By acknowledging the reality of the situation, individuals can finally take the first steps towards securing peace of mind for themselves and their families. The United States federal government is not a benevolent caretaker, but a leech that will use its citizens as a host to keep itself alive.

As mainstream pundits and elected officials inevitably shift blame around like a twisted version of musical chairs, remember that self-reliance is the only solution. Those who become dependent on this crumbling house of cards are doomed to suffer the same fate as those seen waiting in lines for government handouts in places like Venezuela. Celebrate the $20 trillion dollar debt by breaking from the old system and exploring the new economy built on peer-to-peer networks, where individual skills are worth more than empty promises made by the State.

This plague of short-term thinking and desire for instant gratification has lulled America into an apathetic fog.

People no longer act as though they have a stake in the future. They choose willful ignorance even as the most serious problems go unresolved. The $20 trillion balance on the national credit card is the most tangible example of how nearly a century of decadence can transform a society. This country once represented the world’s moral compass and a beacon of economic freedom, but those pillars have been abandoned to indulge in war profiteering and monetary fraud. The time to think about who has been entrusted with your life savings and retirement is now. Most people wander through life never considering the unpleasant truths that might disturb their rose-colored view of the world. By acknowledging the reality of the situation, individuals can finally take the first steps towards securing peace of mind for themselves and their families. The United States federal government is not a benevolent caretaker, but a leech that will use its citizens as a host to keep itself alive.

--- MARCH 6, 2017 Seeking Alpha: Bitcoin Price Target For 2017 Bitcoin needs a different type of analysis than traditional asset classes. Bitcoin's fundamentals look great, with growing acceptance as a form of money. The price of bitcoin could go as high as $2,000 in 2017. Bitcoin (OTCQX:GBTC) is a totally different investment asset type than traditional asset classes. Traditional analysis methods do not applying when forecasting the price of bitcoin. That's why we apply a more fundamental approach in this article in order to come up with a bitcoin price forecast for 2017.

--- MAY 24, 2017 Zero Hedge: Did Trump's Islam Speech In Saudi Arabia Pave The Way For America's Next Big War The American public is most likely unaware of the giant stranglehold Saudi Arabia has on the U.S. government. Saudi Arabia uses its vast riches to manipulate the U.N., which explains how a country that brutally oppresses its female population was recently gifted a seat on the organization’s women’s rights commission. The Islamic Kingdom also wields incredible control over international media and has arguably had an increasingly unwelcome position of power in America’s foreign policy decision-making. As such, Donald Trump’s political career, in part, rests on appeasing his Saudi Arabian counterparts.And appeasing the Saudis is exactly what Trump has done. Trump’s speech regarding Islam was delivered to the leaders of 55 Muslim-majority nations, including Saudi Arabia. However, he conveniently ignored the troves of evidence that show Saudi Arabia directly sponsors the terror groups al-Qaeda and ISIS – two groups the U.S. claims to be at war with — as well as the fact that Saudi Arabia has been directly implicated in the 9/11 terror attacks. Instead, Donald Trump framed the entire issue of radicalization as a problem that rests with Iran.

--- PRESENT DAY, MAY 23, 2017 New York Times: President Trump’s Mideast Contradictions Given President Trump’s appetite for spectacle, Saudi Arabia could not have been a more fitting opening for his first overseas trip. The palaces, the fancy robes of King Salman and his court, the sword dance, even the creepy glowing orb used to inaugurate Saudi Arabia’s new counterterrorism center, seemed just the right props for a former television celebrity. His hosts went out of their way to indulge his weakness for flattery and deal-making. Mr. Trump tried hard to make amends to the Muslim world he had spent many months insulting.

--- May 21, 2017 TND: Trump accused of rank hypocrisy in Saudi Arabia While he seemed to worry that the Obamas would endanger the friendship, he also felt free to accuse the kingdom of being “bullies”, “cowards” and of funding terrorism.

Donald J. Trump ✔ @realDonaldTrump"@Silverfoxgranny: Saudi Arabia are nothing but mouth pieces, bullies, cowards. They have the money, but no guts"1:51 AM - 11 Sep 2014