The Fed is hinting about the Demise of Cryptos

[Yodean]

These and other predictions from Martin Armstrong.

Marty's great - I follow his free blog and am also a paying member of his private blog. His rantings are always entertaining, and sometimes even somewhat accurate. With that said, he's a bit too emotional, too MAGA-Red, pro-Fed, etc., not that there is anything wrong with that, of course.

Socrates (his A.I.) is no joke - pretty cool. I use it to gauge global capital flows. For some reason, there's still a lot of capital going into Russia, and out of Western Europe. Go figure ...

Not too worried about BTC ... as long as that 28k to 32k zone holds, I am bullish. There could be a fairly long period of consolidation around current levels - people tend to think that BTC is going to either skyrocket or crash, but it does also go sideways.

Atm, my projections are that there is a >50% probability that BTC will test the 50k - 52k range in the near future - my average cost basis is quite low for my crypto portfolio, and I am at max. allocation at the moment (slightly >15% of my net worth), so I will aim to de-risk my position and take some profits if and when BTC tests 50k. Will depend on what the EBI, a few other indicators I use, etc. tell me at that time.

As well as what fellow sub. nicolas sez.

[SOL]

I don't think the fat lady is about to sing she's about to scream!

"I warned on the private blog that cryptocurrencies may end up being suspended. The excuse will be Russia and the news is out now that Biden will sign an Executive Order to regulate cryptos because Russia can use it to circumvent sanctions. Not only is Biden authorizing the regulation of digital currencies, but he is also instructing to move forward with a central bank cryptocurrency. Once that is done, all other cryptocurrencies will be seized and folded into the government’s crypto. There will be no competition. Money historically has also been the Divine Privilege of Kings and Tyrants."

"Biden is now proposing to ban all Russian Energy sales to the West. Prices will rise sharply still and Biden is blaming Putin claiming this is the “price of freedom” for Ukraine which is all BS so governments can avoid responsibility for the collapse in the supply chain thanks to COVID and their shutting down fossil fuels for Climate Change."

These and other predictions from Martin Armstrong:

https://www.armstrongeconomics.com/worl ... cy-coming/

The West is well and truly futuit sursum.

All this matches the theme that we have been discussing for quite some time now. The pendulum of freedom has changed direction in the west and is moving towards the era of total control. While in Authoritarian states it's moving in the opposite direction (towards freedom). Let me stop here, imagine if you may be super-rich. You now have north of 200 million dollars but no freedom at all. You can buy things that are on the allowed to buy list and you can anything you want that is on the allowed to-do list, but if you cross the line you lose it all. Having money with freedom like that is not being rich or free. In that state you are worse off than a poor sod, that is free to do what he wants.

Now back to the topic

Freedom-loving individuals need to make plans now, the wheel of corruption and total domination is moving rapidly in the West.
A host of nations are going to flip the bird to these sanctions. We expect a host of nations will open bilateral trade agreements with Russia for energy. High on this is list Is India.
Russia might abandon Visa and Master card for good. Russian banks are busy integrating union pay into their systems. Secondly, SFPS and CIPS will be pushed aggressively and a merger between the two is likely to facilitate trade with Asia, South America, and Africa. In the long term, America has badly miscalculated. Have you noticed how the rhetoric from China is increasing? The Chinese are very careful as their main goal is not war but business and if they are taking on a more aggressive stance is because they smell massive opportunity in the long run by taking a position that is counter to that of America.
Most NATO and EU members are drunk on Cool Aid they sorely underestimate the power of the Russian Army. Eventually, Russia will have to attack 1-3 Nato Members. The likely candidates are Poland and then the Baltic States. The response from the West and Europe will be well close to zero, other than a lot of rhetoric. The current generation of westerners are soft, they won't be able to deal with a prolonged battle. However, the bigger issue is that the Russian Army is the strongest Army in Europe and without American Intervention it has been said that Russia could take on the whole of Nato and win. Let's also keep in mind that since the 1940s America has never taken on an Army that can strike back strongly. Even when they joined World War 2, they joined in when victory was certain. Until that point they just supplied weapons and financing.

Now the BTC has been attacked it clearly indicates that West is moving deeper and deeper into the dark ages, at least when it comes to freedom. This action and the action of blocking Russia from SWIFT is going to accelerate the Yuan's ability to become a valid reserve currency. The Chinese and Russian will promise companies worldwide that their money will be safe in their countries regardless of sanctions, etc.

In one shot the western Sanctions on Russia achieved what Putin could not for 20 years. He has been trying to convince the oligarchs to bring their money home. Now, these oligarchs will start to view the Rouble as a safer haven. While the value could drop, they will at least still have access to their money. Both China and Russia are going to experience a surge of interest from nations that are looking for alternatives to the US. For now China will take the lead as the world is still waiting to see how Russia deals with sanctions.

Russia is also going to retaliate very strongly against the countries that imposed sanctions. After their retaliation we expect many nations to break rank with the US and find a way to restore relations with Russia. Russia has come up with an ingenious way of punishing nations it labels as unfriendly. The debt will be repaid in roubles but the companies have to open an account in Russia. So while Russia will technically make the payment in roubles it remains to be seen how these countries will access those funds. Friendly nations will be allowed to convert that Roubles into USD. Another thing many European and western nations are not taking seriously is the huge risk they have opened themselves up to by locking Russia out of SWIFT. in effect the potential risk could be the equivalent of another Lehman brothers event and if there is a repeat it will be the West that will pay a hefty price

[Budge]

These and other predictions from Martin Armstrong.

Socrates (his A.I.) is no joke - pretty cool. I use it to gauge global capital flows. For some reason, there's still a lot of capital going into Russia, and out of Western Europe. Go figure ...

The Russian capital flows must be all the oligarchs repatriating their funds. Could be those folks in the world that realise their funds may be safer under Putin than the criminal West! When the western world goes full Kristallnacht on anything Russian can you blame them. See the Brits have stopped Abramovic from selling Chelsea FC? This so f***ed up!

Putin payback could be a bitch.

[phillCC]

Another thing many European and western nations are not taking seriously is the huge risk they have opened themselves up to by locking Russia out of SWIFT.

Russia may not be completely locked out of SWIFT.
I read in the Comments Section following an article (don't have the link) that only Russian banks on a sanctions list have been disconnected from SWIFT. I am left with the impression that the majority of Russian banks are still connected to SWIFT.

If all Russian banks are locked out of SWIFT, it may be difficult for Europeans to pay for the gas and oil received from the Russians.

[phillCC]

Another thing many European and western nations are not taking seriously is the huge risk they have opened themselves up to by locking Russia out of SWIFT.

I now have a link to article saying not all Russian banks are locked out of SWIFT.
I think there is a big difference between SOME Russian banks or ALL Russian banks are locked out of SWIFT.

"From the latter understanding, America pulled off, at least at first glance, an astonishing geopolitical victory over Russia. Nordstream II blocked, crippling sanctions placed on Russia, many of its banks kicked out of SWIFT, ..."

See fifth paragraph in this link :- http://thesaker.is/snapshot/

[Budge]

"Upon it sat a shape, black-mantled, huge and threatening. A crown of steel he bore, but between rim and robe naught was there to see, save only a deadly gleam of eyes: the Lord of the Nazgûl... now he was come again, bringing ruin, turning hope to despair, and victory to death. A great black mace he wielded."

I believe this a better description than:

"IRS Commissioner Charles Rettig, testifying before Congress in April 2021."

The subject being: "Congress and the IRS Make Moves to Improve Taxpayer Compliance for Cryptocurrency Transactions" (this is my shocked look )

"with a market capitalization hovering at the time of writing around $2 trillion, cryptocurrency investments have increasingly become an object of regulatory scrutiny."

This article gives updates from Proskauer Rose LLP on IRS moves to increase compliance (ie screw you over)

https://www.natlawreview.com/article/co ... dium=email

[chippermon]

by Budge » Mon Mar 14, 2022 11:33 am

"Upon it sat a shape, black-mantled, huge and threatening. A crown of steel he bore, but between rim and robe naught was there to see, save only a deadly gleam of eyes: the Lord of the Nazgûl... now he was come again, bringing ruin, turning hope to despair, and victory to death. A great black mace he wielded."

HA! Brilliant, Budge.

Now, Who is Sauron and how do we get to Mordor

[Budge]

by Budge » Mon Mar 14, 2022 11:33 am

"Upon it sat a shape, black-mantled, huge and threatening. A crown of steel he bore, but between rim and robe naught was there to see, save only a deadly gleam of eyes: the Lord of the Nazgûl... now he was come again, bringing ruin, turning hope to despair, and victory to death. A great black mace he wielded."

HA! Brilliant, Budge.

Now, Who is Sauron and how do we get to Mordor

Mordor has to be that great moral wasteland inside the 495 Beltline around DC. Have to admit to living far too close to that putrid place on more than one occasion.

Sauron is far more difficult for he was originally a celestial being before being corrupted by Morgorth (the first Dark Lord) and I'm pretty sure there's never been a celestial being in the vicinity of DC. On the other hand there has been plenty of Morgorths.

[Yodean]

[SOL]

Just like AI is in a super trend cycle/phase the same applies to Asia. It is In a supercycle phase and it will dominate for decades to come. The best place in Asia is in South East Asia. Many forget that most of Russia is in Asia

[Budge]

And your point is?

Oh my God! Are you so insensitive to point out that those poor disadvantaged folks in the red part have no approved crypto! In this Marxist cycle, everyone has it or no one has it! Just spoke to my favorite sock puppet and between the slobbering he confirmed we're going to bomb the red part into oblivion to solve the issue.

[Yodean]

Just like AI is in a super trend cycle/phase the same applies to Asia. It is In a supercycle phase and it will dominate for decades to come. The best place in Asia is in South East Asia. Many forget that most of Russia is in Asia

I think the SIRA will dominate post-2030 or so. So definitely, I am highly bullish on South East Asia in the long-term.

But the transition phase from one reigning global superpower to another is generally chaotic and potentially violent, with lots of surprises along the way, both pleasant and unpleasant. The USSA and her cronies the Western Bullies aren't going to surrender their power very easily.

There are a lot of nuances to consider ... for example, from my best understanding, you left NYC, fairly recently, because you were fed up with the growing infringement on your individual rights and freedoms in the Big Apple - kudos, it was brave, filter-shattering, etc. - but you ended up in a warzone.

I don't know how close the bombs and bullets actually came to raining down on your head, but I'm sure it wasn't too pleasant, when Vlad made his move.

My spouse and I were getting closer to finally purchasing some real estate in Romania, but given recent events, have delayed those purchases indefinitely - Romania's a bit too close to what I expect to be a "hot spot" for years to come.

Plus, the USSA has a military base there, and Allah knows what else (i.e. biotech/weapons "research" labs?).

At the risk of using hackneyed stereotypes, East Asians, at least from my generation - I'm an X'er - and above, tend to bow down to authority and follow government degrees happily, so if your local government in South East Asia happens to be a bit evil and issues some cruel mandates, most will obey quietly without any resistance.

Sure, there are also a lot of WISCs among East Asians everywhere, including abroad, who pretend to go along meekly with local rules but also quietly break those rules when no one is watching and do their own thing, so that's good.

[Yodean]

the slobbering he confirmed we're going to bomb the red part into oblivion to solve the issue.

Nope. The "red part" is where Bill G. and friends perform their medical and chemical human experiments. So no bombs are going to rain down there.

[Budge]

the slobbering he confirmed we're going to bomb the red part into oblivion to solve the issue.

Nope. The "red part" is where Bill G. and friends perform their medical and chemical human experiments. So no bombs are going to rain down there.

Only works if they're dead or their feet have not fallen off. Otherwise they need to crypt their toes?

[SOL]

Just like AI is in a super trend cycle/phase the same applies to Asia. It is In a supercycle phase and it will dominate for decades to come. The best place in Asia is in South East Asia. Many forget that most of Russia is in Asia

I think the SIRA will dominate post-2030 or so. So definitely, I am highly bullish on South East Asia in the long-term.

But the transition phase from one reigning global superpower to another is generally chaotic and potentially violent, with lots of surprises along the way, both pleasant and unpleasant. The USSA and her cronies the Western Bullies aren't going to surrender their power very easily.

There are a lot of nuances to consider ... for example, from my best understanding, you left NYC, fairly recently, because you were fed up with the growing infringement on your individual rights and freedoms in the Big Apple - kudos, it was brave, filter-shattering, etc. - but you ended up in a warzone.

I don't know how close the bombs and bullets actually came to raining down on your head, but I'm sure it wasn't too pleasant, when Vlad made his move.

My spouse and I were getting closer to finally purchasing some real estate in Romania, but given recent events, have delayed those purchases indefinitely - Romania's a bit too close to what I expect to be a "hot spot" for years to come.

Plus, the USSA has a military base there, and Allah knows what else (i.e. biotech/weapons "research" labs?).

At the risk of using hackneyed stereotypes, East Asians, at least from my generation - I'm an X'er - and above, tend to bow down to authority and follow government degrees happily, so if your local government in South East Asia happens to be a bit evil and issues some cruel mandates, most will obey quietly without any resistance.

Sure, there are also a lot of WISCs among East Asians everywhere, including abroad, who pretend to go along meekly with local rules but also quietly break those rules when no one is watching and do their own thing, so that's good.

Ukraine was never a long term plan. It's a place that I like and where I know some cool people. I stayed there longer than I would normally have. From NYC I went to Texas, still have a small base there. As for bombs, my scorpion senses warned me or (whatever you want to call it) well in advance of the bombing. I was never in harm's way and I left before things got hot. In terms of trends, my focus was and is Asia, parts of Latin America (but for now its a bit chaotic) and conservative parts of the US while they remain conservative. Conservative parts only because for now they appear to contain more critical thinkers, but there are a lot of nuts mixed in that one has to be careful about.