Bob Michele, who in April told investors to enjoy the ride in risk assets, is now looking to ride U.S. Treasury yields “all the way down to zero.”
For 10-year notes “I think that’s where we’re headed over the next couple of years,” Michele, the chief investment officer and head of global fixed income at JPMorgan Asset Management, told Bloomberg TV on Thursday. “The rally in bonds hasn’t even begun yet.”
Central banks will succumb to threats from the global trade war to tepid inflation and cut borrowing costs to nothing, according to Michele. His colleagues on JPMorgan Chase & Co.’s advisory side made a similar call this week, saying the global pile of negative-yielding debt is becoming a tar pit that will eventually suck in the U.S. government bond market.
We are already witnessing the greatest credit bubble in history and it’s only going to get worse as cheap fiat flood the World’s Markets. However, this is going to have severe consequences.
The Great Recession is a term that represents the sharp decline in economic activity during the late 2000s, which is considered the most significant downturn since the Great Depression. The term “Great Recession” applies to both the U.S. recession, officially lasting from December 2007 to June 2009, and the ensuing global recession in 2009. The economic slump began when the U.S. housing market went from boom to bust, and large amounts of mortgage-backed securities (MSBs) and derivatives lost significant value.
That’s when Bitcoin was born…after the demise of the financial markets in 2009. Satoshi once said on an online forum back in 2009 the following:
“The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve.”
After yesterday’s quick $1,200+ rise, bitcoin was met with tough resistance at $10,650. In my prior video I warned of a break down to retest $10,000. As of now, price dropped as low as $10,100 before finding support. It’s currently trading around $10,350.
In today’s video we discuss where price may go from here, the 4 hour Death Cross, traps to avoid and so much more. I also answer your questions. I hope you find it helpful.
I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading.
Workin
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As an exciting week draws to a close, let’s take a look at some of the important happenings of this week:
Bitcoin
At the start of the week I wrote about BTC and what it may do next. At the time, I wrote that we were either looking at the formation of a bull pennant, or were gearing up for a breakdown followed by a price surge, something like this one of 2017:
The latter scenario looks to be the correct one, with BTC dipping, followed by the predicted rapid price recovery. I misjudged the depth of the dip though, I based my support level on the wrong data, with the result that I was off by $300. In retrospect I’m kicking myself, because I spotted the real support level during my initial analysis, but ignored it as I thought it was too small to act as effective support. The chart 2017 chart above is taken from my last BTC post. Looking at it, you can see the little zig-zag of support which formed in May at about $1800, that support level later became the bottom of the dip.
Looking at the 2019 chart below, one can clearly see where I made my mistake:
For me this is a lesson learnt: Don’t ignore the small support/resistance levels during weak market movements. I’ll remember that in future, hopefully that lesson can help you too.
Precious metals
Precious metals have had a whale of a time this week. Gold broke out of its 5-year-old converging triangle a month ago, signalling that greater moves were on the cards. This week we saw some of those moves. Yesterday Gold pushed up to new 2019 highs. In fact, Gold is now trading at prices last seen in May of 2013. That’s exciting for Gold investors and could mean the return of logarithmic growth for Gold. This has been a long time coming: we all knew that Gold price suppression couldn’t last forever. We all knew that clever money would eventually start seeping out of the fiat market and looking for stores of value prior to the next fiat crash (whenever that may finally come). From this point onward, I believe it will be very difficult to stop the rise of Gold and its metallic siblings. The same reasoning applies to Bitcoin.
But the real winner of the metals this week must be Silver. It opened the week at a price of $15.19 and at the time of writing is now trading at $16.35. With a rise of 7.6% for the week, Silver is looking almost as good as crypto!
One of the main reasons that investors remain so eager on Silver right now, is that the Gold/Silver ratio is still heavily tilted towards Gold – far more than what it should be based on the fundamentals of the two metals. Savvy investors have been steadily building up their Silver holdings in anticipation of a long-overdue correction. This week the Gold/Silver ratio dropped from 93:1 to 88:1, despite the rising price of Gold. The highest Gold/Silver ratio ever reached was a brief spike to 100:1 in 1991, after which it dropped steadily down to 40:1 over the following seven years. A “normal” Gold/Silver ratio is about 50:1. With the ratio still having a long way to fall to reach normal levels, Silver continues to look extraordinarily bullish.
Not to be left behind, Platinum also enjoyed sizeable gains over the course of the week. It is on the verge of confirming its breakout from its own converging triangle. Like Silver, the Gold/Platinum ratio is also weighted far too heavily in favour of Gold at the moment. Platinum is usually a little more expensive than Gold, but at the moment Gold is trading at almost 1.7x the price of Platinum! For Platinum to reach “normal” levels again, this means that it would have to roughly double in price. Factor in the fact that Gold is rising in price now, and Platinum becomes another extraordinarily good investment!
Libra
I’m so sick of hearing about Zuck’s fake crypto – sooo sick of it. In THIS POST I already showed you why all the Libra hype is just that: hype – and nothing more. BUT, I’m glad that I’m hearing about it so much. I’m glad for the following reason:
Had Facebook been ready to launch Libra after their big announcement, then it would have been a different story. Even though it’s a stablecoin, I have no doubt that people would have flocked to Libra if it had been launched around the time that its whitepaper was published. People are very greedy creatures; when they hear big money names like “Facebook” in the same sentence as “currency”, then they race to grab whatever they can – like disgusting vultures flocking to a carcass. Only now there is nothing for them to flock to…
In the meantime, Facebook/Libra is getting its name dragged through the mud as regulators go after it from all angles. As I have said on many occasions: Private Blockchains are doomed to fail as cryptocurrencies – centralised blockchains go against all the principles that Satoshi built into blockchains by design – THEY CAN NOT WORK!
As things look bleaker and bleaker for Libra, the less informed public is starting to realise the faults of centralised crypto – and better still – they are realising the benefits of decentralised crypto. Every time the word “Libra” is spoken, it’s in an increasingly negative context. We may even get to the point that it becomes impossible for Zuck to launch his mega-shitcoin at all.
So let people keep speaking about Libra, let them get tired of hearing about it. The novelty value has already worn off, and I think that the more we hear about it now, the less of a big deal it will be if it ever does manage to launch.
NEO
and Ontology
Meanwhile in China: NEO and Ontology are cooperating with one another at a whole new level. Yesterday they announced their intention to jointly “build an open cross-chain platform and establish the foundation for next-gen Internet.” The focus seems to be in integration and on cross-chain interoperability. While the two chains were already closely linked, I believe that this will make them even stronger, a case of “the whole being greater then the sum of its parts”.
While we’re talking about China – I almost forgot: it seems that president Xi Jinping is slowly letting cryptocurrency legitimacy creep into his country, just as I have said he would in many of my posts. Xi is progressive and seeks to build his massive nation, something he probably knows he can’t do without embracing crypto technology. He’s taking small steps so as not to annoy the old guard, but the important thing is that he IS taking them!
This article “China Ruling Bitcoin is Property Again Is ‘Major Milestone,’ Says Investor” describes how the Hangzhou Internet Court declared Bitcoin to be “virtual property” yesterday. This is now the second such ruling in China – a move which I think will remove a lot of fear from the minds of potential Chinese Bitcoin investors. If the courts are willing to protect their Bitcoin as “property”, then they need not fear losing it.
I keep telling you: once the Chinese market really opens its wallets to crypto, it will be like nothing you’ve ever seen before.
I strongly suggest that you get your good Chinese altcoins at cheap prices while you still can! Coins like VeChain, Waltonchain, THEKEY and of course NEO (and ONT) can be had for next to nothing! Most of us missed the chance to buy $0.10 Microsoft, Google or Apple shares – well here are their modern day equivalents! Have you learnt your lesson yet?
Conclusion
All the main topics in this post today are things that I’ve invested in (except for Libra of course!) The purpose is not to get you to buy what I have and inflate the prices (I WISH I could control the prices of Gold or Bitcoin!), it’s to show you why I invest like I do, and to help you not to miss the opportunities that I think are potentially very rewarding. As always – DYOR – but that includes listening carefully to what Bit Brain has to say.
Have a great weekend everybody!
Yours in crypto (and other things) Bit Brain
All charts made by Bit Brain with TradingView
“The secret to success: find out where people are going and get there first”
~ Mark Twain
“Crypto does not require institutional investment to succeed; institutions require crypto investments to remain successful”
In Elliott Wave terms, GNX began a wave one advance on July 4. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on July 6, and the red wave two (blue sub-waves a-b-c) correction ended on July 17. If this wave count is correct, GNX should be heading next towards the July 6 peak in the red wave three.
The Genaro Network is a smart data ecosystem with a Dual-Strata architecture, integrating a public blockchain with decentralized storage. You can watch their intro video below.
A quick recap: In Part 1 we saw that Trump, while not a typical politician, is nonetheless turning on Bitcoin in order to protect that which he holds most dear: his horde of fiat money-based wealth. We saw that governments around the world have turned to age-old propaganda strategies to grab and hold onto power – the very same strategies developed and used by Joseph Goebbels to bring the Nazis to power in 1930s Germany, and to keep them there once in office.
We saw that Liberty – our very right to make our own choices such as “I want to use Bitcoin instead of USD” – is under threat. Today I want to elaborate a little on that threat and on how propaganda is being used to turn the population against its own liberties.
As with yesterday, I will not just be using my own words today. Once again I will stand on the shoulders of giants and borrow their words in the form of a series of quotes.
You are being lied to. We all are. America is a great example of this, so I will keep this post American in flavour (or should that be “flavor”? ), because the USA is an example which most of us can relate to.
As I have said before, it is disturbing to see that the US is STILL playing the “Russia = Communist = Enemy” card, a good three decades after the fall of the Berlin Wall. The USSR is long gone and Russia has been a democracy for decades; yet the old “Evil Communist Ruskies” narrative – which is ingrained deep into the psyche of the American populus – is still the go-to rhetoric used by politicians over and over again. What did Goebbels teach us in Part 1?
“THE ESSENCE OF PROPAGANDA CONSISTS IN WINNING PEOPLE OVER TO AN IDEA SO SINCERELY, SO VITALLY, THAT IN THE END THEY SUCCUMB TO IT UTTERLY AND CAN NEVER ESCAPE FROM IT.”
“…THE RANK AND FILE ARE USUALLY MUCH MORE PRIMITIVE THAN WE IMAGINE. PROPAGANDA MUST THEREFORE ALWAYS BE ESSENTIALLY SIMPLE AND REPETITIOUS.”
“THIS IS THE SECRET OF PROPAGANDA: THOSE WHO ARE TO BE PERSUADED BY IT SHOULD BE COMPLETELY IMMERSED IN THE IDEAS OF THE PROPAGANDA, WITHOUT EVER NOTICING THAT THEY ARE BEING IMMERSED IN IT.”
“THE ENGLISH FOLLOW THE PRINCIPLE THAT WHEN ONE LIES, IT SHOULD BE A BIG LIE, AND ONE SHOULD STICK TO IT.”
“IF YOU TELL A LIE LONG ENOUGH, IT BECOMES THE TRUTH.”
This is how the people of the USA continue to be led, or “misled”, if you prefer.
Because there will always be those intelligent enough to question the politicians and their mass media (their tool of manipulation), a defence mechanism has to be put in place. You can’t expect the politicians themselves to run around putting out fires, that sounds too much like hard work, and it could be dangerous if they miss a fire and it grows too big.
No, what they have done is to build a self-defence system into their propaganda; a clever system which is a diabolical as it is ingenious.
As much as the modern Politically Correct Liberals hate to hear this, as nations we tend to differ greatly from one another. We have various physical and mental traits which define us and differentiate us from each other. One of the traits which I admire the most in Americans is their patriotism. The average American is a patriot at heart – someone who loves their country and will readily defend it against attack or ridicule. Perversely, it is this good-intentioned patriotism that the government has re-purposed to serve their evil agenda. By portraying their own interests as “patriotic”, the politicians seek to squash any criticism of them as a ruling class. Therefore, anybody who shouts out against the rulers gets shot down by the crowd, because such a person is obviously “unpatriotic” or “anti-American” – the politicians don’t even have to lift a finger.
Of course, nothing could be further from the truth. Those speaking against the ruling class are those who can see through the lies, they are those who seek to make America better and who seek to preserve the liberty of the common man!
For this reason, today I will be focusing on patriotism and what is REALLY means – NOT what the politicians say it means!
Quotes:
That was a slightly lengthy, but necessary introduction. I hope that you are now in the right frame of mind to read these quotes which I have sourced for you. Let’s now take a look at patriotism, liberty, politics and a few related topics, as seen through the eyes of those who are well qualified to speak on these topics:
Let us begin with a stark reminder that we can’t just rest on our laurels and expect freedom to continue as a way of life:
The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.
~Thomas Jefferson
Jefferson remains my favourite US president of all time: a true visionary and a true patriot.
Many years later, Reagan echoed Jefferson’s words:
Freedom is never more than one generation away from extinction. We didn’t pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same.
~Ronald Reagan
It is clear that if you wish to live free, you must be prepared to continually fight for your freedom, for there will be a continuous stream of tyrants who would like to take it away and enslave you. The next two men quoted knew all too well what I’m talking about:
There is no easy walk to freedom anywhere, and many of us will have to pass through the valley of the shadow of death again and again before we reach the mountaintop of our desires.
~Nelson Mandela
Nobody can give you freedom. Nobody can give you equality or justice or anything. If you’re a man, you take it.
~Malcolm X
Lincoln was another one of the great American Presidents. Like Jefferson (and Bit Brain) he was a visionary who could see the path of the future long before it actually happened:
America will never be destroyed from the outside. If we falter and lose our freedoms, it will be because we destroyed ourselves.
~Abraham Lincoln
The government does not seek to protect your liberty through its laws, it seeks to limit and restrain you. Just look at Bitcoin and crypto regulations in the US! Do those regulations really help you as a crypto investor, or do they hinder you? Is your government for you, or against you? Is it infringing on your liberties?
Liberty has never come from Government. Liberty has always come from the subjects of it. The history of liberty is a history of limitations of governmental power, not the increase of it.
~Woodrow Wilson
I speak out against representative democracies all the time, for they are “democracies” only in name. Since the majority of people have no actual say in the running of their countries, most modern democracies have decayed into socialism in democratic clothing. They preach “democracy” yet display socialism. Look at the quote below, then decide which you think America is today: Democratic or Socialist.
Democracy and socialism have nothing in common but one word, equality. But notice the difference: while democracy seeks equality in liberty, socialism seeks equality in restraint and servitude.
~Alexis de Tocqueville
Once again, Jefferson hits the nail right on the head:
Rightful liberty is unobstructed action according to our will within limits drawn around us by the equal rights of others. I do not add ‘within the limits of the law’ because law is often but the tyrant’s will, and always so when it violates the rights of the individual.
~Thomas Jefferson
CLEARLY something is VERY wrong with our modern “democracies”! For starters: they are no longer democratic!
You have no say in government. They do not listen to you! Voting is a voting designed to placate you through the illusion that you have a say. Try to change a law. Try to ignore a rule. See how much say you really have! Politicians dominate your life and make you live according to their rules! Is that how America was supposed to be?
Four score and seven years ago our fathers brought forth on this continent, a new nation, conceived in Liberty, and dedicated to the proposition that all men are created equal.
~Abraham Lincoln
George Orwell criticised government hypocrisy when he spoke about the same topic in “Animal Farm”. In his book, the pigs (a parody of the ruling class) stated the following:
All animals are equal, but some animals are more equal than others.
~George Orwell
So do I have a point, or am I just some trouble-stirring, anti-American, unpatriotic communist? Let’s look at a few more quotes to find out:
Patriotism is supporting your country all the time, and your government when it deserves it.
~Mark Twain
You’re not supposed to be so blind with patriotism that you can’t face reality. Wrong is wrong, no matter who says it.
~Malcolm X
Patriotism consists not in waving the flag, but in striving that our country shall be righteous as well as strong.
~James Bryce
Guard against the impostures of pretended patriotism.
~George Washington
Who are the real patriots when government is corrupt: those speaking against them, or the brainwashed masses who have good intentions which have been horribly manipulated? He probably didn’t intend to, but modern day politician Joe Biden gave us the answer:
Fighting corruption is not just good governance. It’s self-defense. It’s patriotism.
~Joe Biden
But let’s steer away from modern politicians, they’re all far too much a part of the broken system. Let’s get back to the good old guys and the non-politicians:
I do this real moron thing, and it’s called thinking. And apparently I’m not a very good American because I like to form my own opinions.
~George Carlin
Remember, these are not internet bloggers, these words come from an American President!
Patriotism means to stand by the country. It does not mean to stand by the president or any other public official, save exactly to the degree in which he himself stands by the country. It is patriotic to support him insofar as he efficiently serves the country. It is unpatriotic not to oppose him to the exact extent that by inefficiency or otherwise he fails in his duty to stand by the country. In either event, it is unpatriotic not to tell the truth, whether about the president or anyone else.
~Theodore Roosevelt
Perhaps James Baldwin gave the best description of what patriotism really is:
I love America more than any other country in the world and, exactly for this reason, I insist on the right to criticize her perpetually.
~James Baldwin
… and Arthur Schopenhauer gave the best description of what it is not:
Every miserable fool who has nothing at all of which he can be proud, adopts as a last resource pride in the nation to which he belongs; he is ready and happy to defend all its faults and follies tooth and nail, thus reimbursing himself for his own inferiority.
~Arthur Schopenhauer
Indeed, I think that some of the more famous thinkers of their time misunderstood the issue of patriotism and how politicians manipulate it. They grew so bitter because of this that they sadly turned against patriotism altogether. They thought that the misguided masses were the patriots, missing the truth that the real patriots were not the masses supporting government, but rather the intelligent few opposing it:
You’ll never have a quiet world till you knock the patriotism out of the human race.
~George Bernard Shaw
Patriotism is the last refuge of a scoundrel.
~Samuel Johnson
Patriotism is the virtue of the vicious.
~Oscar Wilde
It’s very sad to see the level of frustration that those men were driven to.
So as not to end of a negative note, let’s look at two more quotes of those who properly understood patriotism:
The greatest patriotism is to tell your country when it is behaving dishonorably, foolishly, viciously.
~Julian Barnes
A patriot must always be ready to defend his country against his government.
~Edward Abbey
Conclusion
I hope that I have sufficiently illustrated the difference between patriotism and “patriotism”. I hope I have shown the difference between being against your government and being against your country. I hope I have shown that to best serve your country, you need to oppose those who seek to oppress you. I hope that I have shown that governments seek to remove your liberties and control you.
It is up to us: (you, me and all the other common folk) to stand up for what is right.Nobody is going to fight this fight for us!Government is Definitely not going to fight For us – they are the main problem!
It would be nice if we had a modern visionary to guide us: somebody who understands Liberty, Patriotism, Politics, Money and even Crypto; luckily for you, you have just such a mentor – you’re reading his blog right now. Mr Mentor tells you this with the utmost certainty: through cryptocurrencies and blockchain technology we can render governments obsolete. We can remove their power and the money supply which enables them. They can’t stop us unless we let them.
The time has come to fight. The time has come to fight for what is right, to fight for our rights!
Through crypto we can let liberty prevail – not governments.
I will be fighting this fight either until we are victorious, or until I draw my final breath. I hope to see you there fighting beside me.
In Elliott Wave terms, OGO began a wave one advance on July 4. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on July 8, and the red wave two (blue sub-waves a-b-c) correction ended on July 17. If this wave count is correct, OGO should be heading next towards the July 8 peak in the red wave three.
MATIC seen from the temporality of 1D we can see how the price has reached a point ITZ where it has found demand and the current candle is being pushed above the support located at 0.01230, however, I still do not see any technical indicator confirming the movement, nor do we have any reversal pattern here, the candlestick structure is still inside the falling wedge so it could still touch the resistance of the wedge to make us a new LL where it would be a stronger buy signal for the bulls.
MATIC seen from the temporality of 4H we can see more closely the current movement of candles within the descending wedge that we have mentioned in 1D, we see that the current bullish candlestick momentum is finding resistance below the previous HL, this is a signal of continuation of the bearish movement, there usually has to be a succession of three HL structures, if the price starts to fall we should see the price fall towards the area of demand marked on the chart within the blue rectangle located within the price range of 0.00883 – 0.01029 where we would have a trend reversal pattern and a much more contracted price within the figure that would cause a strong bullish break.
In conclusion, the price seems to be forming a continuation of the bearish movement, so I recommend looking for a better entry into the demand zone of the blue rectangle, once we reach that zone the price is more likely to make the bullish break and reach our goal, in the chart I have drawn the possible trajectory that the price should follow in the next candles to reach 0.02756, which is an important level of supply that we must consider.
As I always say, you have to be aware of the movement, invalidations can occur, there is no 100% reliable analysis, take your own precautions when trading.
…because in order to know if the bottom of the correction was IN, we have to see first BITCOIN over-passing clearly the 11000 USD level:
…and to do so, we need VOLUME!!!!
Essentially I would like to see a “balance” in the 24 Hour Volumen between TETHER and BITCOIN:
…as you can see, still there is a difference of almost 3Billion there…
The GOOD NEWS is that ALTCOINS are probably being feed also by TETHER since 87 out of the top 100 coins are in GREEN, by the way, also STEEM which is really a new NEW since we used to be stagnant while BITCOIN rises!
STEEM is 12% up from the Year’s BOTTOM, reached yesterday!
Enjoy and take care!
@toofasteddie
Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
Yesterday we discussed bitcoin bouncing off major support between $9,400 and $9,000. Price did just that, bouncing as low as $9,200 and currently trading around $9,850.
In today’s video I analyze Bitcoin, LTC, EOS and BNB. We’ll discuss where prices may go from here, key areas to watch and so much more. I also answer many of your questions. I hope you find it helpful.
I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading.
Workin
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Trump’s recent Tweets have clearly shown where he stands on the topic of cryptocurrencies:
His pro-fiat bias is as obvious as it is expected: from a man who has great fiat wealth, I wouldn’t expect any less.
Of course his anti-crypto arguments are the typical drivel: he creates the “unlawful behaviour” strawman, which he then burns using the drug trade. It’s a classic logical fallacy. The internet is littered with pictures such as this one:
From https://www.foxnews.com/us/siblings-arrested-in-24-million-miami-marijuana-bust
News flash Cupcake – that’s not Bitcoin – that’s your good ol’ USD – you know, the same anonymous currency that drug lords have been stockpiling for decades:
From http://www.todby.com/2016/09/a-columbian-farmer-finds-drug-money.html
That particular barrel of Dollars is said to have once been Pablo Escobar’s. Speaking of Escobar and US Dollars:
“Escobar had so much cash coming in that his monthly bill for the rubber bands he used to hold the stacks of banknotes together was $2,500.”
“Escobar had so much money that he once burned $2 million in crisp banknotes just to keep his family warm when they were on the run.”
I could easily continue to pick fiat apart and show just how STUPID Trump’s tweets really are, but that’s been done before. I could also state the positive side of Trump Tweeting about Bitcoin, about how he is now lending legitimacy to crypto and showing that it is indeed a major player in the future of global finance; but that’s also not my objective today. I don’t want to re-invent the well or derail my own post, so instead I’m going to refer you to this Coindesk post: “What Trump’s Bitcoin Tweet Changes”, which I thoroughly enjoyed reading and which I mostly agree with.
No, today I want to talk about what Trump is standing against here: the liberty of his very own people.
“Give me your tired, your poor, Your huddled masses yearning to breathe free…” ~ A poem by Emma Lazarus on a plaque on the Statue of Liberty
Crypto IS Freedom. Crypto IS Liberty!
Crypto is the right to choose what money you want to use. Crypto is your way of saying “No thank you, I don’t want to be forced to enrich the rich at my own expense, I have the right to choose something else.” But Trump doesn’t like it, because it doesn’t make people like him rich, it doesn’t boost the US dollar – so he stands against it. Politicians generally care about only two things: money and power – even a non-standard politician like Trump is not immune to that.
But who am I? I’m just a random, anonymous internet guy. What do I know about politics? What do I know about true patriotism and what it means to fight for your country? Who am I to criticise the US president and say that he is being selfish, anti-liberty and unpatriotic? Well… I’m the best brain on the planet – but unfortunately a rather unknown one. So instead of using my own words, I’m going to borrow the words of others for the rest of this post. Let’s see what those a little more famous than I have to say on this topic:
Ruling by the Nazi playbook – Lessons taught by Joseph Goebbels
Bundesarchiv, Bild 183-1989-0821-502 / CC-BY-SA 3.0 ], via Wikimedia Commons
For those of you who may not know, Joseph Goebbels was an instrumental part of Hitler’s strategy. Goebbels was a Nazi who headed the “Reich Ministry of Public Enlightenment and Propaganda” (German: Reichsministerium für Volksaufklärung und Propaganda) from its establishment in 1933 to its dissolution in 1945. Its purpose was to “centralise Nazi control of all aspects of German cultural and intellectual life.” (Wikipedia) Goebbels was obviously an evil, hateful and tyrannical fascist of the highest order, but he was no fool.
Goebbels was the original authority on propaganda, it was the method he chose to control the minds of the German public during and prior to World War II. Sadly, it seems as if history is doomed to repeat itself, as history always does.
It is common to hear politicians get called “fascists” or “Nazis”, you can see it in the media or social media every day. Perhaps if people realised just how close such comments are to the truth, then they might pay them more attention..
Let’s take a look at some of Goebbels’ many quotes on the subject, see if any of these sound familiar…
There was no point in seeking to convert the intellectuals. For intellectuals would never be converted and would anyway always yield to the stronger, and this will always be “the man in the street.” Arguments must therefore be crude, clear and forcible, and appeal to emotions and instincts, not the intellect. Truth was unimportant and entirely subordinate to tactics and psychology.
Goebbels said that you can just ignore those clever enough to see the truth, and rather appeal to the emotions of the less educated masses. After all, he also stated that:
…the rank and file are usually much more primitive than we imagine. Propaganda must therefore always be essentially simple and repetitious.
The goal of propaganda is to achieve total and lasting control of the population:
The essence of propaganda consists in winning people over to an idea so sincerely, so vitally, that in the end they succumb to it utterly and can never escape from it.
… so that the majority don’t even realise that they are being manipulated…
This is the secret of propaganda: Those who are to be persuaded by it should be completely immersed in the ideas of the propaganda, without ever noticing that they are being immersed in it.
…or worse still, they believe that they are free, yet they are not:
Propaganda works best when those who are being manipulated are confident they are acting on their own free will.
Goebbels knew that he had to win over the majority of the people in order for Hitler’s idea of a Nazi dictatorship to succeed:
Whoever can conquer the street will one day conquer the state, for every form of power politics and any dictatorship-run state has its roots in the street.
And once in control, he had to steer their thoughts and minds: (As I have told you many times in my own posts such as this one.)
Not every item of news should be published. Rather must those who control news policies endeavour to make every item of news serve a certain purpose.
He knew that people don’t care to interrogate information presented to them, because they are beings of emotion. Nothing has changed in this regard and it is how the fiat money which makes everybody poorer continues to rule the world today:
If you tell a lie long enough, it becomes the truth.
The English follow the principle that when one lies, it should be a big lie, and one should stick to it.
Goebbels also knew that Representative Democracies – such as those which most Western nations still use today – are easy to corrupt. Of course these days there are almost no good people left in politics at all – our Democracies have been completely hijacked by those who seek to control us for their own purposes:
We enter parliament in order to supply ourselves, in the arsenal of democracy, with its own weapons. If democracy is so stupid as to give us free tickets and salaries for this bear’s work, that is its affair. We do not come as friends, nor even as neutrals. We come as enemies. As the wolf bursts into the flock, so we come.
These days we can clearly see how, in the name of the sacred cow named “Democracy”, many of our once proud nations are decaying into socialism. Venezuela is also a Democracy. So is Zimbabwe. Remember that.
To be a socialist is to submit the I to the thou; socialism is sacrificing the individual to the whole.
Goebbels told us how, once in power, the evil entities of government would never relinquish that power willingly. Again, look at Venezuela and Zimbabwe.
If we have power, we’ll never give it up again unless we’re carried out of our offices as corpses
And while it wasn’t the major driver of his time, he knew that money is the nefarious driving force behind almost all the evils of the world.
The money pigs of capitalist democracy: Money has made slaves of us. Money is the curse of mankind. It smothers the seed of everything great and good. Every penny is sticky with sweat and blood.
Once he had succeeded in building the power which the Nazis required, Goebbels stated that:
We have made the Reich by propaganda
Further confirming that politicians will say whatever they need to to get what they want.
It is clear to me today that our so-called leaders are using Goebbels’ tactics to control the populations of our world. They may not wear swastikas on their arms, but they are fascist Nazis all the same!
BUT!
There IS a very good chance that crypto could bring their whole world tumbling down. They KNOW it and it’s why they are putting up so much resistance to it. It has caught them off guard and they haven’t managed to formulate a proper response to it. They missed the bus when it came to controlling it, and now it threatens their very power-base. It is for this reason that I strongly support and promote crypto. It is for this reason that I despise rubbish like Libra, XRP or JPM coin or other fake “cryptos” – those exist to serve bankers and large corporations – the people pulling the strings of the puppets.
There IS hope for our crypto-based future and if we stand by it we CAN defeat the current powers-that-be. Goebbels said it himself:
There will come a day, when all the lies will collapse under their own weight, and truth will again triumph.
It certainly happened to his evil regime – and history is ready to repeat itself…
I’m not done yet, far from it! That was only the “Goebbels part” of my argument. I have much more in store for you: many more great words said by men and woman a lot less evil than what Joseph Goebbels was!
I’ll be sharing those with you in Part 2, so stay tuned and hear what the good guys have to say!
), because the USA is an example which most of us can relate to.
