X22Report The Central Banks Move Their Plan Forward, Be Prepared and Cautious - Here's What Happens Next. Plus Bitcoin Updates (Videos)
12-22-17
Bitcoin tumbles today and then recovers, the central banks use this method to make people believe that it still OK to get into the crypto market, Goldman Sachs is now setting up a crypto desk.
Canada’s housing is completely out the reach of normal everyday people.
Consumer confidence is declining at the same time savings are declining and credit spending is up.
Subway is closing hundreds of stores.
While wages are declining, savings are also declining and credit card usage is up, are we suppose to believe people are buying homes?
PLUS
Sanctions are now in place on North Korea.
South Korea says they would like to have peace talks with North Korea without preconditions.
Saudi Arabia bombs the food storage areas in Yemen.
Australia is now leaving Iraq and Syria.
The Syrian Government is now asking the US to leave Syria.
The Cabal is trapped, how will this turn out, the clock is ticking down.
The Central Banks Move Their Plan Forward, Be Prepared And Cautious
It Has All Come To This Moment, What Happens Next
Source X22Report
Charles Schwab Chief Global Strategist Says Bitcoin Crash Won’t Infect the Whole Market
Business Insider editor-at-large Sara Silverstein sits down with Jeffrey Kleintop, chief investment strategist at Charles Schwab, to chat about a possible bubble in bitcoin. He says a crash will be different than the type of downturns that have historically occurred in markets, because it’s not yet embedded in the financial system. He urges investors not to worry about a bitcoin crash — unless they own it.
Should You Buy Bitcoin?
Bitcoin has been soaring in value at times, but crashing at others. Lauren Lyons Cole, a certified financial planner and senior editor at Business Insider, explains the risks of investing in cryptocurrency. Following is a full transcript of the video. Lauren Lyons Cole: I’m Lauren Lyons Cole. I’m a certified financial planner and a senior editor here at Business Insider. Bitcoin isn’t new, but in 2017 it was all the rage. Starting out in January around a $1,000 and climbing to $20,000 in one year is enough to make anyone take a second look at bitcoin. But here’s the thing about bitcoin, it reveals a very basic investing principle that we all fall prey to and that’s that investors tend to be irrational. When bitcoin is sailing high, everyone wants to buy in. But as soon as it starts crashing, people freak out and they start selling. Successful investors buy low and sell high, but our natural instinct is to feel more comfortable buying when things are good and more comfortable selling when things are bad.
If you’re new to the bitcoin craze and you’re thinking about investing, the first thing you have to do is figure out what it is. If you can’t explain what bitcoin is to your mom or your neighbor and why you’re investing in it and why you think it’s a good investment, then it’s too soon for you to put your money in. But with an investment like bitcoin, no one really knows where it’s going to go. It could go to $150,000. But it could also go to zero. It’s a highly risky and speculative investment. When you’re investing in the stock market, it’s a little bit easier to – it’s still not easy, but it’s a little bit easier to stomach the drops when they happen. Because, historically speaking, we know the US stock market goes up about 8%, on average, per year. Some years there are big swings up, some years there are big swings down. But bitcoin and the other cryptocurrencies have a tendency to make huge swings. In 2017, bitcoin climbed over a 1000%, but it also dropped by 30%, 40% at various points. So it’s not the type of investment that’s for the faint of heart. We just don’t know what’s going to happen. It could go to zero. It could go way up more. It’s impossible to predict. And so if you are investing in bitcoin, you have to know how much risk you can handle. The bottom line is if you’re investing in bitcoin, you need to be prepared to lose everything in case that happens.
Sources Business Insider
#economy #crypto
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Whistler Blowers, Insiders
It is all a scam and the banksers want a cashless world. Get it? Then and only then they can control everything.
Bitcoin is getting a bit too scary! Now, for starters, it’s being traded on futures exchanges. Banks, hedge funds, 401k, pensions, nations, etc are going to pour money into bitcoin speculation. Soon we may see ETF’s, stocks, and exotic derivatives based on bitcoin beyond the two current futures contracts. Bitcoin could be the planned catalyst to melt down the financial system.
What happens when bitcoin plummets to zero value? A change in technology, perceived value, or a sexy new competitor, could completely destroy anyone’s desire to hold bitcoin. Once the bitcoin futures contracts are heavily traded with lots of volume, there is the very real possibility that their crash to zero value could take out the whole futures exchanges supplying the contracts. This will immediately affect all the other commodities and contracts traded on those exchanges as confidence in the exchanges’ integrity plummets. It could be the largest exchange take-down the world has ever imagined with a contagion that sweeps the world like the black plague.
This take-down could also be planned as an obfuscation of a gold crisis. There are almost certainly many more futures contracts on gold than there is a deliverable quantity of gold anywhere on the planet. If gold prices soar and can no longer be artificially suppressed, or if it becomes apparent that gold futures, and even supposed physical gold caches are a fraud, then a take-down of exchanges hosting gold contracts and derivatives may provide the chaos and plausibility needed to avoid exposing the gold crisis on a wider scale.
I find it terrifying that bitcoin could destroy futures exchanges and possibly the financial system as a whole. The one argument against this scenario is that bitcoin is the planned precursor to a new digital currency that will be rolled out after some kind of financial disaster. Bitcoin is used to condition people to accept a digital currency. The future digital currency will almost certainly begin, or later morph into the mark of the beast system of buying and selling. What I’m getting at is that, if bitcoin is used to acclimate people to digital currency, then the elite may be reluctant to destroy it, and forever traumatize people to the idea of digital currency. At the very least, the elite would have to come up with a new and convincing way to sell everyone on digital currency after a digital bloodbath.
Either way, I loath the danger of bitcoin!
The beginning of your article is ok but in the second alinea you show you don’t have a clue about he technology behind Bitcoin, the limitation to 21 Million bit coins at max, This , the value going to zero, is such a fear mongering BS that it is not worth to discus. My reaction is meant for the potential investors in Bitcoin or other Crypto’s (or Tokens). Do your DD, stick to this new revolution (having your own bank/wallet with -YOUR own store of value with you -and not sitting in a bank, carrying no interest and taking the risk of the balance sheet of the Bank!!). It is a blessing that individuals can move away from the criminal PONZI scheme called Central Banks fiat currency system (based on DEBT, NO ASSETS!!!!). THAT , is where the real fraud is. The USD lost 98 % of its value since its inception in 1913. Say thank you to Nixon in 1971 when getting of the gold standard. So , stick with the top crypto’s, become and stay independent and enjoy the life you are entitled to when born. (in the current system you are entitled to paying taxes and death, and even THAN, they take away 50% of your belongings!!!) What a horrible system has been created by the bureaucrats under guidance of the few. Another Tea mr Rothchild? grtz