Monday Market Mayhem – Now it’s the G6
Thank goodness!
I thought I was losing my mind as the Futures were up this morning after Trump blew up the G7 meeting and refusted, for the first time ever, to join the rest of the Free World Leaders in signing the joint communique. How can the markets be bullish when we are walking back the steps the nations agreed were necessary after WWII to prevent WWIII? Trump can double down tomorrow if he also blows the negotiations with Kim Jung Un and ticks the Doomsday Clock up to 11:59:30.
German Chancellor Angela Merkel said Sunday that President Trump’s refusal to endorse a communique from the Group of Seven (G7) leaders was “sobering and a bit depressing.” In the same interview, Merkel said the European Union was preparing to implement counter-measures against U.S. tariffs on imported steel and aluminum. If they retaliate, they’re making a mistake,” Trump declared before departing the annual Group of Seven summit, which includes Britain, Italy, France, Germany and Japan.
Speaking of Doomsday, the Fed is almost certain to raise rates 0.25% on Wednesday and that should kick the 10-year rates permanently over 3% for the duration. So far, the markets have shrugged off every possible sign of rising rates, rising wages and rising inflation as stock prices have inflated to record levels but, for those of us who believe in Physics, Match, Economics…. Reality – a day of reckoning is coming – we just don’t know when.
Crypto currencies are also having a doomsday as BitCoin falls below $7,000 as a South Korean Coin Excahange was hacked over the weekend. See, this is why we have BANKS and Government-backed currencies – there’s a massive system in place that insures against loss and theft of your US Dollars. We put that in place after years of the exact kind of random losses, robberies and devaluations associated with old monetary systems. Crypto currencies are sure making things great again – for bank robbers!
And sure, eventually consumers will wise up and learn to “bank” their crypto-coins in more reputable exchanges with better securtiy and crypto may even develop it’s own FDIC to insure deposits but all that stuff is hard…
Provided courtesy of Phil’s Stock World.
To read the rest of this article now, along with Phil’s live intra-day comments, live trading ideas, Phil’s market calls, additional member comments, and other members-only features – Come to the winning side at Phil’s Stock World by clicking here.
To sign-up for a free trial membership, click here.
Source: https://www.philstockworld.com/2018/06/11/monday-market-mayhem-now-its-the-g6/?utm_source=beforeitsnews&utm_medium=feed&utm_campaign=psw-feeds&utm_content=article-link
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).
| Online: | |
| Visits: | 1,599,796,315 |
| Stories: | 8,140,349 |
Whistler Blowers, Insiders
When a crypto currency exchange gets ‘hacked’ it is a ploy to short sell, firstly Coincheck well we look up its trade rankings on coin market.com, and it is not in the top 400 which the minimum trade is $6000(so no $28 million loss, those coins would be used in TRADES therefore register on coinmarket.com – it is a non existent entity), it would still be listed with a non recent update flag. Next this is not the first ‘exchange’ to be ‘hacked’ we have a shared wallet or it would not be possible, not an ‘exchange’ then, Each account and user should have their own wallet which is encrypted and therefore not hackable from the site. Korean sites refused to allow non Korean account holders, so only domestic customers should be affected, the site should never be remotely accessed by administrators for security reasons, the net window should be customer access to trades not remote administration over customer accounts and this is something the company is responsible for. We are having a LOT of false flag crisis shorting, and a fake company or two set up, in this case one with vastly inflated coin holdings evidence as always in itself of market manipulation. Not least because you cannot leave the market by withdrawl, exchanges have caps per day, the highest was polonex at $50,000 and the majority of others were $5000, you cannot therefore leave a $300 billion market but buy out in alt coin, therefore if you sell alt coins must rise equivalently because if you have a $billion in bitcoin at $8000 it would take 125000 days to leave (C 342 years).