Gold, Silver, and Yes Cryptocurrency, Are "Anti-Debt." By Gregory Mannarino

in bitcoin •  7 years ago 

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Beyond any doubt, people are in fact starting to wake up. This central bank controlled demolition, Yes deliberate demolition of the global economy is a slow-motion Train wreck, despite what the mainstream financial media is trying to fist feed you.

How can we see in virtual real time that we are in fact in the global economic slowdown? Simple. Look at the price of commodities.
How can we tell that the cost of financing our current financial fantasy-land debt bubble is under pressure? Look at the flattening yield curve.

Let me ask you, what would be your explanation for the current meteoric rise in the value of cryptocurrency? And why are the major banks so desperate to keep the price of physical gold and silver suppressed by using the derivatives?

Let me ask you another question.
Do you believe that the global debt bubble will be inflated even more by world central banks? Or do you believe that the debt issue will miraculously get better?
I've got news for you, the global debt bubble will be monstrously larger in the not so distant future.
To put a perspective on this. During the last eight years here in the United States, we have had to double the national debt, and in order to keep the current economy here in the United States from imploding, the national debt will have to be doubled again in a shorter period of time.

It is time for more of us to get out of the centralized, controlled banking system because every unit of debt associated with it has the potential to achieve its intrinsic value of zero.

Gregory Mannarino
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Gold and Silver 100%! One needs to be careful with Cryptocurrency. I'm All in on Bitcoin and some of the other Tier 1 coins. With over 700 tokens out there, and a new ico popping up every hour you really need to be careful.

Gold and silver looking good today.

my silver looks good everyday ;)

No too bad! Hopefully the monkey hammer is put on hold for awhile.

Bet on gold and silver not this new DOTCOM CRAZE

Does not hurt to diversify, just hold 1% of your assets in Bitcoin or other cyrpto assets. If that's too much then just have 0.1% but you should not steer clear. A lot of people made some life changing money during the dot com craze and they got out at the right moment.

well... a well performing little side bet ain't such a bad thing!

I agree with you on crypto-currency. I would suggest a little Bitcoin for starters, just to learn how to use a wallet, and secure your funds. Then read up on DASH, Monero, and ZCash... all of which have anonymizing built in, so people cannot track your net-worth (in crypto). DASH is nearing their release of the Evolution wallet, which will take crypto-currency ownership out of the techno world into the mainstream, and will see a big bump in value.

Agreed, precious metals have intrinsic value, but cryptocurrencies do not. However, it doesn't hurt to have some in your portfolio as a diversifier or to trade it short-medium term.

I am the same way, i have been around Bitcoin since it was $25 but it crypto's have some major possible negatives, including the possibly of reaching intrinsic value of zero (if you not honest with yourself here that is up to you), and it has at least one "single point of failure" which is never good. You can argue that the single point of failure is not very likely but the consequences are devastating. You also only need to read some history and understand our current safeguards to know that is is a much more real possibility than you might want to let yourself believe.

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Today i can see how crypto currency can be compared to how the gasoline automobile is to the horse and buggy a century ago. In time people will eventually know and become familiar with this currency of the future.

they will and they have to. the coming cashless society is a fact and only a matter of time.

You are right that a cashless society is on the way ..but what one the visa banking one or the cryptocurrency one and at what point will the banks make there move to take it over in some way they will try..
And with the internet being the the main tool for managing digital currency, it leaves it easily shut down ..
Viruses power outages most governments have full control of the internet and can shut down there country if desired, a lot of weak point to consider..
Cryptocurrency needs the meshnet to live on ..
This might make it truly independent and far less able to be shut off with the flick of a pen.

i agree (and take a look at india). http://norberthaering.de/de/31-english/802-modi-yunus

What happens when the drug cartels and organize crime families start funneling large amounts of their cash into crypto currency's? Sure this is already happening, but maybe these cryptos are rising ,not because of China, but some cartel is diversifying out of the $$.

Cashless society is almost here. Ask some retailers how some customers never use cash and expect to swipe their cards for the smallest purchases. It's frightening that people are so willing to have every aspect of their financial life being traced.

Even better than buying silver and crypto is borrowing USD to buy silver and crypto. When the dollar collapses, and it surely will, USD debt will be destroyed while crypto and silver goes for a moonshot.

My husband and I have been watching every video you have put out on YouTube for years and now we follow you here. Thank you for all the helpful info. you have given us over that time, especially in regards to physical silver!

Scary stuff indeed. Those greedy elites will destroy everything and we the little guys and gals will pay the price in war, disease and starvation. What's new though!

Just to the fact that crypto has become huge is people are looking for alternatives. People are waking up and the volume on bitcoin and alt coins show it.

Agreed.

Question 1 cryptos have way more volatility more gains then the stock market.
Question 2 so that JP morgan can buy more gold and silver.
For your next question you answered it.

Yes, choose things of real value, things you can hold in your hand when you need them most. Food, Water, shoes, toilet paper, batteries. Sounds crazy, but no one will be there to take care of you when the government goes belly up.

A barter economy is how us ordinary folks can prepare to survive the next economic crisis! Think of what people will tear off the shelves at your local stores and buy lots of it now while you can. The worst that can happen is that you beat the coming inflated costs by simply holding extra on hand.

My toilet paper stack is looking really good right now... If this collapse happens it should go up to $0.85 a sheet!

One of my friends says the same thing - to stack toilet paper! Plastic fiat money won't do the job.

Love your videos and posts Greg, but I must admit I also have been coming to your page to meet and connect with other Stemmit posters and like-minded people. Everyone here seems to really be willing to help everyone else - so cool. So, thanks again Greg for all that you do!

Thank you. Yes our fellow Steemers are awesome!

People are waking up? Seriously, Greg?
SOME people are waking up, as it happened in the past too, and sometimes it made a difference, like the civil rights movement, the anti Vietnam war movement or the environmentalist movement.
But the majority of people are not waking up, they are captured in their system- conform lifestyle and do what they are told to maintain that. Thats how it was and always is, until things get totally unbearable.

We need to encourage those unaware to start questioning what the mainstream is telling them. Otherwise the majority of people will continue to be trapped within The System.

Thanks for the Awesome info as usual greg.

Greg,

Another great article as always. I have a question for you.

Does the rapid pace of new alt-coin creation worry you in the sense that a crytocurrency bubble may be forming? Or does creation of all these new alt-coins signify strengthening in an alternative currency market?

What do you think?

I should really get some Bitcoin! How do I go about that?

Goto coinbase.com

Thanks

welcome!

Hold physical gold & silver!

as well as come cryptos, food, water, weps, ammo, first aid.

Deliberate demolition where two people are holding the plunger: The Fed who is trying to make it look like Trump's fault (or anyone other then themselves), and Trump who needs to make it obvious that it is The Fed's fault..... I wonder who is going to be able to hit their plunger first

Got 0.03 bitcoin the other day, like $50 for "funs", my total capital in cryptos :D. Bought a 1kg 2015 Koala at $16.15 or so a few days ago. Hoping for silver more than BTC at these prices (chart tells me dip in BTC) so will buy some later, when it's lower, just started taking it seriously, silver I've had for 8 years :)

Great content as always Greg. If anyone is looking for short term calls on silver, you can follow my blog. Its only my 2nd post, but i joined on recommendation of the great Greg and i intend update weekly at a bare minimum.

Link to my latest blogpost
https://steemit.com/trading/@flemming/update-call-week-20-silver

Cheers Greg. Your videos on youtube and blog here serves as great fundementals for me.

The short term call for silver is always the same: Buy it and stack it. :)

The cryptos have the same feel as 90's tech boom

How? I lived through that (perhaps you did as well) but I do not see it like that at all. Please elaborate.

I think he might be referring to the rapid rise for tech stocks during that time that were way over valued. Just like snapchat today. Not all alt-coins will survive many of these ICOs will burn people.
Bitcoin, and a few others maybe not so much, but geez! There are like a thousand alt-coins out there! Good for speculating but that's all IMHO.

Nicely put. Yep, I agree with your interpretation Alex

The same feel as the time around 95 ish to 97 before the masses heard of the internet. The penny stocks going to 100's. I was talking to some engineering students a week ago about the blockchain. They're reply was....... "blockchain"? perhaps I'm wrong, but sure feels the same.

Still trying to figure out WHERE TO BUY BitCoin? Anyone have a reputable source? Please help

Coinbase is good.

Have been trying to register on Coinbase for over a week now. At one point, after registering my email & bank details, it asked that I provide verification of my ID. The choices were: Webcam, iPhone, & scan from my PC. Since I don't use a "Spyphone" I opted for the upload. All went well. Got an email saying now I can buy/sell. Went to the site and AGAIN it says I need to verify my photo ID. Only TWO choices now: Webcam of iPhone. Tried the webcam 4 times but it wouldn't verify. (Pretty damn hard to hold a drivers license steady enough for a clear snap I guess...) Emailed "support" to ask "what now?" Still no word back. Crappily designed platform in IMHO! Don't hold yer breath for "Support".

I uploaded my DL and a bill...worked. Its a great site, fast, secure, provides ETH, BTC and LTC

I have heard of people complaining about coinbase, but you have had great success? anyone else want to chime in?

I'm glad you're coming around to the real market of cryptocurrency. It took you awhile, but I'm glad you made the journey. Applying known free-market charting and techniques work with crypto, because it's not manipulated by the few.

Alt-coins are as critical as the Alt-right. In the spirit of Bitcoin, Decentralize all the things, including bitcoin itself. Pick up a few alt-coins. You'll be glad you did. My favorite shitcoin? POTCOIN!

As always very informative. Thanks

Great article Greg

I'd be happy for the price of silver to be kept down for another couple of months so I can purchase more. The longer the manipulation goes on the better for the smart people in the long run.

If fiat currency is a confidence game, how can it still be operating? Does anyone even have faith in this system anymore? Or is it a tragic comedy that we are compelled by law to participiate in? The government borrows currency on our behalf. We never even see that cash, and yet we are legally responsible for its repayment? How is being forced into a contract that only serves to impoverish us and enrich others not slavery?

There are still too many people who have not awoken yet. Once the awakening hits critical mass then things will change

I agree with you, Greg. The demolition is, indeed, intentional. Thanks to people like you, Jeff Berwick and Bix Weir I feel like I'm prepared. Best to you always. Thank you.

Im guessing your content will be a lot more about crypto's now :P Im still too much of a hard core gold kinda guy! Great work greg.

Also anyone who follows me, ill follow you back!

EVERY monkey-hammering of silver is a blessing to me. That's when I buy. Keep stackin' the physical, stock up on the essentials, and hold on for the ride. It doesn't be lookin' pretty!

Thanks Greg!

I don't know much about trading, but I am sure thankful I came across your videos and reports. Thanks for the helpful info Greg.

Nice. You're back in my feed again. :)

All three aren't based on debt and don't involve counter-party risks if handled right. Spot on.

Great article Greg! Picked up more silver! Yay!

I believe in Bitcoin long term but right now it's a bubble and should pull back a bit more

  ·  7 years ago (edited)

I definitely see Steemit as a disruptive platform that will bring together freedom of expression and stop the organised cyclic attacks of the old guard big banks with crypto currency on the back of it. They still have the money and therefore can influence the people that direct the 'men with guns' but the electronic writing is on the wall for them. As they go to their grave they will be heard muttering "damn that Arpanet we should never have allowed Darpa to let that go public"

Greg keep up the good work, long time follower.

Physical silver as a base. Then some gold, cryptocurrencies, stock options, paper cash in hand, mining stocks and - even nickels and copper pennies. (Ok - I'm eccentric. )Be diverse.

Nice article.

thx Gregory, i think you're right 100%.

I consider that many altcoins are in a bubble. Their market capitalization have grown too much too fast.

Thanks for the continued excellent work! Always enjoy reading and watching! :)

Thank you!

Thanks Greg. I'm on Steam because of you. Hope I can make something of this. I have phyz.. but it's not doing much for me.. missed the boat with BTC @ $5.00!! ughh

kicking myself. Thanks I watch every day on youtube.

No reason to kick yourself my friend, there is always new opportunities every day.

With all due respect, it's not really missing the boat. You can say you missed the boat with Amazon stocks when they went from 50 cents to 1 dollar, but look how much they've climbed since. Btc will still climb a lot and while you may not make AS MUCH money as you would have, you'll still likely make a good chunk of money as the dollar continues to devalue and inevitably crash. There's still a huge opportunity.
I personally wish I got into Ethereum instead of Dash when people were telling me to get in. Would have made 1500% return. Oh well, as Greg says, there's always new opportunities. :)

Greg what do you think of diamond investing? Check out my latest post if you don't mind

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Couldn't agree more Greg, thank God I have no debt other than these damn IOU's I keep getting paid with, but still the the built-in de-valuation of this fiat currency is killing me & charging interest. Thank you for inspiring me to join Steem & hopefully we all can begin to pick the locks on our monetary shackles. On precious metals: "Gold is the money of Kings, Silver is the money of Gentlemen, Barter is for the Peasants & Debt is for the Enslaved." What do want in your wallet ?;) Capital One- NOT lol

How popular do you think cryptocurrencies will become?

The sky's the limit, especially in this inflationary context. That's why make sense to own some bitcoins (and other criptos as well).

Thanks for the edification. I've been big into gold&silver over the years but I too believe crypotocurrencies have their place.Until my new steem account I've stayed away due to a lack of knowledge but I'm down for a gradual education.
thanks,Pete

p.s. great stock pics thanks,Greg

Thanks @marketreport for another great report.

I have been watching economy and geopolitics closely for last 7 years. During this time deterioration accelerated dramatically. I can't see this system can go for much longer.
Until recently I was fully invested in silver. In fact 100%. It has been hard going for the last 7 years but no regrets. I can sleep well every night. I was resisting Crypto for while. I just don't trust it. A week ago I took a plunge. I invested about 10% of my portfolio in BTC and XRP. It appears there is chance to make a profit there but one has to be very careful and be prepared to loose the investment.