World what does this mean…? “Australian sharemarket remains sharply lower at noon”…

What goes up must come down…that’s what it means.

I read certain financial commentators most days…and many have been asking why, or rather how, so many of the markets across the planet are at all time highs. The Australian market has been close to all time highs. This week Central Banks have been extracting support for certain markets across the world – google it yourself and you will see – and the result is loss of confidence in some places and a sell-off. That is what happened in Australia. However, that lead the commentator to make a much more important point:

The end of capitalism…this is by Nick Hubble…

Can central bankers paper over any problem in just the right way? If a bank goes broke, they finance the bailout. If a government goes broke, they buy the bonds. If the stock market falls, they buy the stocks. If unemployment rises, they print more money. If the currency rises, they announce more QE. If inflation rises, they taper.

In such a world, more central bank action is a remedy for all symptoms. But it also destroys the patient.

If central banks own, or stand ready to own, just about all financial assets, then prices no longer reflect anything meaningful. The stock market doesn’t reflect shareholder value, corporate finance or anything else used to signal rational economic behaviour. Governments no longer have to worry about fiscal accountability whatsoever. At least the ones who can issue their own money.

In such a world, prices are meaningless and there is no accountability. The two functions of capitalism are to allow prices to direct economic behaviour and to provide accountability for those who waste resources – make a loss.

Not that many people will notice the change. The stock market was only ever a casino to them. Governments and central banks exist for bailouts. Debt was a way to pay for something un-affordable. Prices were unfair.

In an economy reliant on central bankers to the point where capitalism is dead and its basic accountability functions are gone, two things will happen. Crises and a reset. You see, governments don’t let crises get out of hand. At some point they change the rules and create a new system.

Bretton Woods, the dollar reserve system and many other such “resets” have happened in history. They usually have dangerous consequences for people with accumulated wealth. You need to opt out a chunk of your wealth from the current system.

That might seem rather difficult. How do you definancialise your life? How do you hide from the government’s grasp?

Gold is the go to option. But there’s another obvious solution that’s already working well for the Chinese, Venezuelans and Japanese.

What is that OTHER obvious solution…?

You are going to have to wait until next time! This is about to get interesting…!

Come and say hello and tell me what you think it is at:  planetliberty@gmail.com

 

 

Be more Bill! Bitcoiners…what are you actually doing with it?

If you are just holding on to it without an actual strategy then you have just become a hoarder…did you mean to become an accidental Bitcoin hoarder?

OK so you did it…you own Bitcoin. But it is not very Bill Gates is it if you are not actually going to do anything with it?  It is time to Be more Bill!

Be more Bill!

Bitcoin, Ethereum…any of them…however, you came by them, do you have a strategy?

Buy, Hold, Pray…is not a strategy.

Bitcoin in pictures…the last 24 hours…not great but not disastrous:

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The last week! Just under eight percent off the value in a week! Hmm…uncomfortable:

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The last month…OK so only 1.33% movement over the month. YES, but! Look at the size of the swing during the month, does this look like a market that either knows where it is going or fills you with a feeling of safety?

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The incredible “Bull Market” of the last year. Where does it go next? I have no idea…nobody on planet earth has any idea…which means you certainly do not have any idea…laugh at anyone that says they do:

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By the way if you own any crytocurrency and did not know that these stats are readily available out there, then you are a hoarder! You did Buy, Hold, Pray!

“What makes you the expert, just months into owning some cryptocurrency”…I imagine some are chuntering. I am not. In fact, I am not an expert on anything. But I draw on experts all day long. Massive research, massive investment in my own financial education. I am simply transferring my knowledge:

“if you learn, teach” – Maya Angelou

Something is happening right here, right now…some of us have grasped that there is a new future in money unfolding before our eyes…some are coming out of the volatility into the store of value!

Bill Gates doesn’t Buy, Hold, Pray! Bill Gates doesn’t play markets, he is markets! Not only is he a market maker, but he always makes sure he owns part of the infrastructure of that market too. Bill sells pans…Be more Bill!

If you want to find out how you can Be more Bill and join a growing group of fabulous, free-thinkers, just ask me more: planetliberty@gmail.com. If you want to find out how your Bitcoin or any other crytpocurrency you hold can help you do this, definitely ask more. Remember:

“When everyone is panning for gold, sell pans” 

And finally…how come I advised everyone to buy $100 of Bitcoin a few days ago? Simple, it is $100!  I urged you to only do that. I gave you the step by step. Why? It is an investment in your own knowledge, because once you own the tiniest amount of one cryptocurrency you know the process of how to own any. You are ready to take advantage of anything that comes a long…that is an investment in YOUR OWN personal security system. That is exactly what I mean when I say: Be more Bill!

 

 

Guest blog: ex-Investment Banker explains how money is made up!

As an ex-investment banker I am going to try and write a simple overview in relation to money and how its worth is determined. I hope it is helpful…

Firstly, this is great stuff you are doing Christopher James Pomfret…

Going back hundreds of years there was gold. When people started moving about and engaging in business  the gold had to move from one place to another to pay for goods etc. But this was dangerous as you could be robbed. So promissory notes were issued initially by various Jewish based merchants and also the Templars. These notes promised to pay the bearer on demand the sum of a certain weight in gold.

Eventually these groups writing these notes became more organised and soon realised that not everyone would ask for their gold at any time and so they could lend out a bit more in the form of paper than the gold they held in reserve for their customers. They charged for this service and today we call that charge interest. However this was small scale and the paper bills issued were still pretty much fully backed by gold.

These merchants who controlled the issue and redemption of the notes became known as bankers. They themselves began to differentiate and some focused on small traders and individuals becoming what we know today as retail banks. Some others however, began to work solely with governments funding wars and infrastructure.

These became the central banks of the world. 

The loans they issued were deemed safe as they knew the governments could always raise the repayments by taxing their citizens. Gradually these central banks whilst remaining independent and privately owned began to control the supply of money for most of the main countries in the word. They financed both sides of wars and used money supply to create boom and bust  economies which lead to ever increasing debt. The only way to pay the debt was to print more money and there was simply not enough gold to back the massive requirement for cash and so as the US entered the depression  in the 1930s the US moved away from the Gold Standard.

Up until the early 1970’s some US debt was still tied to gold until France asked for repayment of the debt in gold at the agreed exchange rate and the US under Nixon refused and the final link between Gold and the US dollar was removed (by then the world’s reserve currency was broken).

To bolster up the US dollar and create the illusion it still had some sort of intrinsic value the US government then did deals with oil countries and the concept of the petro-dollar was born. Afterwards large chunks of the US itself were taken from the US people and placed under federal control (called national parks) and they were used as collateral against the US’s ever increasing debt burden. Finally arms supply treaties with various Arab states and promises of protection in the even of conflict were the last bargaining chip that the US could use to give a perception of security for the US loans.

But like Sterling the US dollar is really just worth the paper it is printed on. Any attempt at removing the US dollar as the world’s reserve currency is met with invasion – as was the case when Iraq was allowed by the UN to sell oil in Euros or Gadaffi instigated the use of the Gold Dinar (a currency backed by gold) for trading in oil in West Africa. Both leaders met their end because of this.

One thing is clear when the US dollar loses its reserve status – and it will – the world will be plunged into complete chaos and as such only those who have something of true value will be able to buy and sell – we will see a massive resurgence in the use of gold (and possible silver) and precious metal backed mediums of exchange and that demand will increase their value exponentially against the failing FIAT currencies. That day is coming sooner than we think.

CJP – I cannot thank you enough Steven for your contribution…no doubt my audience is going to be fascinated by your words, not least because you give credence to some of the stunts I use to illustrate this crazy fairy tale called money!

http://bit.ly/2t7TruthAboutMoney4

 

Yes I did buy it and this is how…Bitcoin: The Next Chapter

Friend says: “For Pete’s sake…just tell us what and how you did it…”

I immersed myself in it. Once I started reading it I couldn’t stop. For day after day I researched deep and then deeper. It was so obvious what I had to do after all that knowledge. What was not so obvious was how.

Yes once I did my proper research I realised I must buy Bitcoin…so I did.

Just buying it gave me huge insights into all the things you have to find out for yourself.

I mean where the heck do you buy it…and how.

More research! I chose my wallets. Yes wallets! It was obvious that there is NEVER one price for Bitcoin – so many prices. Yet again more research and this gave me a good understanding why so many prices. If you google the concept of Localbitcoin you’ll see just how big a difference there is in how you get your hands on this stuff and why prices are so different across different exchanges.

I did it…I bought Bitcoin.

I kind of felt a little bit naughty. A little bit smug. OK to be honest I was pretty pleased with myself!

It went up!

I felt a little bit more smug.

More research across the news channels – different ones to the ones you are thinking of – and then I bought Ethereum. That was a no-brainer, I mean talk about a cryptocurrency that was embracing blockchain technology. Don’t worry I really was not sure what that meant either, even when I bought it.

I know now. It is very exciting.

That went up as well.  Smugly smug.  I am made for this, I am thinking, I mean it is like so easy!

They both went up…a lot more. Day after day.

Then the game changer came along. Long story short I have a rather interesting amount stashed in OneGram. A brilliant idea. BUT this one sat writing this was not quite so brilliant as he thought. They have a 120 day ICO. Great, get in early I thought. Whilst my Bitcoin and my Ethereum were going nuts, my OneGram was not, OK it has not been losing either. But an Initial Coin Offering with a four month long window is a very long time to have money tied up in a cryptocurrency doing NOTHING. Hey, we learn more from our failures than our successes right?

The others kept going up!

OK so I have covered this in the 500% blog here: http://bit.ly/500percentBitcoin.

Where am I now? 

I now own three different coins, I have several different accounts, I have four different wallets, I source the price of the coins from several exchanges, I seek daily information from several sources, I am growing a truly valuable knowledge bank…I am further stepping out of the system. I spend an hour or so a day in this world!

The biggest question I am going to be asked is…but how do I use it?  Right now the direct uses are of course almost completely online, but if I am going to truly support my audience into this “scary new world” then they have to know that they can spend it.

MORE research…another wallet…one with a DEBIT CARD attached! The card cost me $7, paid for via one of my other bitcoin wallets in bitcoin and out of the gains I have made…OUT OF THE SYSTEM!

It took an afternoon and I went through some interesting verification. I then wanted to increase the limit of how much I could put into that account so I went through a skype call two days later, with video on, to verify me further and I now have a limit (not a credit limit because it is not a credit card) that I can use through that card a month of fifty thousand euros. I will be able to use that wherever visa is taken and that means I can take out cash. Cash in any country on the planet. Turning virtual in to tangible. The retailer will receive the currency they trade in and my bitcoin balance will reduce by that amount. This is banking without banks.

Oh yes and finally…I now understand the security levels, I use the authenticator app for two step verification and there is probably lots more I have not mentioned.

So I know all this simply because I did it. Because that is what I do.

Why EVERYONE might want to think about doing this. Getting my first wallets took a few days. The security is high – so it should be. Simply getting a wallet and loading with even a small amount is such an education. It actually was empowering.

I know you haven’t…but if you want to mirror me then just ask…I will give you the step by step…no point in repeating my mistakes: planetliberty@gmail.com.

Just one question: who the heck is Pete?

 

Bitcoin from virtual into reality…owning a share in a tangible business

The ABX Share Offer took a fascinating twist…amazing response by the way, thank you

I want to own share but I don’t have any spare cash…I have been busy buying Bitcoin and Etheruem” said a friend of mine.

How badly do you want to own those shares in ABX?” I said.

I have this funny feeling in my tummy – I don’t quite understand it but I just know that this is going to change everything. I want to own shares.” She replied.

“Then it is obvious surely?” I paused, she paused, slightly embarrassing silence, clearly not that obvious! So she was waiting for me to tell her what I thought was so obvious that she didn’t get. “What are you using your Bitcoin for? Holding it for growth or maybe even waiting for an opportunity to diverse your investments with it?”

“Err, I am not sure, haven’t really thought about it, it is kind of just sitting there and has made a big gain!”  Was the the sort of answer without a plan!

“Brilliant…take your Bitcoin gains out of the virtual world and pile them into something real. Make what was, let’s be honest, what many would think a speculative punt into a great asset.” 

The penny dropped…I mean the digital coin dropped. Bitcoin wallet details were swapped and a few minutes later the Bitcoin was pinging its way to me. She was doing cartwheels and I was…well I was actually educated to another level. This world of cryptocurrency is not the inflexible, opaque world that the media would have us believe. It is possible to be clever with it, it is not that scary, it is all about embracing the knowledge. I am simply sharing mine.

Simple question…who has Bitcoin or any other cryptocurrency sat in a wallet and has no idea what to do with it next…why not make it real and own part of the world’s next Central Bank? Why not make sense of your Bitcoin…carve out a new future from the fuure of money.

Questions? Come on there must be one burning inside you…

If so…come and listen to “ABX share offering an overview in 45 minutes” this evening – simply email me for the Webinar Link…it is at 9pm, but it will be recorded. Get your questions answered. 

This is a very much a NOW thing!