Nate Update – Broken Back Blues…
For those that missed it, an off road motorcycle crash left me with 3 vertebral compression fractures along with 3 broken ribs in my back. That accident occurred February 1st, so it’s been almost 3 weeks now.
Tough is how I describe my recovery so far. The first order of business is to prevent the fractures from getting worse. That means having any stress off my back. Yet laying down horizontal in almost any fashion is very uncomfortable – and that has resulted in very limited sleep. That limited sleep is translating into difficulty writing, so please be patient as I recover. I am paying attention to the markets and other events, so as I have the energy I’ll get my thoughts out to you. There are major forces at work right now, and major market turning points approaching in nearly all markets; Those that are REAL (Cryptos), those that are underlying real but highly manipulated (gold, silver, oil, other commodities), and those that are 100% FAKE AND MANIPULATED (Stocks, Bonds, Government Statistics, Derivatives of all types, etc).
And Then There’s Paul Singer’s Update:
“…one of the most brilliant scams in history.”
“We all laugh at primitive tribes which used large stones (or pigs) as currency. Well, laugh as you will, but a stone or a healthy pig is something. Cryptocurrencies are nothing except the marketing power of inventors, financiers and others who love the idea of buying a black box (which is obviously empty) for the price of a Kia and dreaming that it will turn into a Mercedes. There have been times recently when this dream has materialized within hours.”
“This [cryptocurrency] is not just a bubble. It is not just a fraud. It is perhaps the outer limit, the ultimate expression, of the ability of humans to seize upon ether and hope to ride it to the stars…
But is it not glorious that when the equivalent of nothing attracts priests and parishioners who run up the price, the very willingness of the mob to buy it at higher and higher prices is seen as validation of the thing, rather than an indication of the limitless ignorance of swaths of the human race?”
All the above is quoted from billionaire Paul Singer who also just happened to be a part of the group (including Hilary Clinton) that funded the completely fake “Trump Dossier.”
Well, news flash for Mr. Singer: It is YOU who runs one of the biggest scams in human history – namely the hedge fund named Elliott Management. Your wealth, power, and control are derived from trading in 100% fake financial instruments that not only make a pig blush in its relative brilliance, but your profession and trade are predicated upon the emptiest of all negative value instruments in the history of humanity, the debt DOLLAR.
Bitcoin is not the fraud, it is by far THE MOST VALUABLE form of money ever invented! How so? It is the first form of “money” that is NOT centralized by “decree of the King.” It is the FIRST money to break the MONOPOLY on what money is!
That means, Mr. Singer, that YOU DON’T CONTROL IT! And that terrifies you and all ilk like you. And you should be terrified! Because the base where you derive your power and control is crumbling – YOUR MONOPOLY IS OVER.
The FUD that you propagate is simply not believable, no more than the fake dossier and narrative you helped to promulgate. The fake “markets” manipulated by people like you ARE OF NO CONSEQUENCE to REAL PEOPLE any longer. I, for one, could care less about those fake markets, I only pay attention at this point to keep track of your criminality.
Good Riddance, Mr. Singer – Hell, and hopefully prison will see you soon.
For everyone else who wish to support the advancement of humanity, please pay attention to the Bitcoin chart below:
As I pointed out in my last update, Bitcoin produced a historic buy signal, and has been climbing ever since. First it broke the 200dma, then the descending wedge, now it’s breaking what would be the upper boundary of a descending channel, and next it will break the 100dma on its way to getting over the $13,800 resistance level.
Litecoin is the best looking chart of all the Cryptos right now. It is obvious that money is flowing into both BTC and LTC, while most of the Alt-Coins are not in cycle remaining mostly flat for now. Remember that BTC leads, all the others follow.
You can see that in the Percentage of Total Market Cap chart below, BTC’s share of the market has turned back up slightly with BTC at 38.7% of market share:
Also note that total Market Cap of all Cryptos has risen 25% since my last update, now totaling $510 million, up from the $400 million support level:
That was a really fast 25% gain. I still think we reach the Trillion dollar mark somewhere mid-year.
Despite my loathing of fake people like Mr. Singer, I will be doing a big picture market update for all the major FAKE markets soon. In that update I will point out what to watch for as the central controllers continue to destroy the value of the debt dollar, and how to know if they are manipulating another debt deflation cycle (and why), or if the end-game for the current version of the debt dollar (still more inflation) has arrived.
Until then, stay real, stay decentralized, and may Karma catch up quickly to those that promulgate FUD.