2021

Financial, Economic and Social Mood Update (May 1, 2021) Bitcoin BTC hit a new record high of USD $64,979.17 on April 14, 2021.  The highest asking price for one collectible Bitcoin BTC on E-Bay stands at USD $499,999.50.  Bitcoin BTC domain name asking prices on E-Bay are as high as USD $10,834.200.00 (May 1, 2021) and as low as USD $4,000.00…………..lower prices are for “Bitcoin related” names.  None of this should be surprising.  Remember that when Bitcoin began trading upon exchanges for the general public in 2016, one Bitcoin BTC cost just USD $427.00.  We are talking about the future here – about high technology, biotechnology, nanotechnology, about the Blockchain and about Artificial Intelligence (AI) – notably about eventual Artificial General Intelligence and Artificial Super Intelligence.  As the value of government fiat currency entirely disappears, the value of privately launched cryptocurrencies will soar into the universe. Change is happening rapidly – and it even seems to be accelerating as we move forward in time.  Fiat currencies all over the world are quickly losing their purchasing power, because governments everywhere have lost all responsible fiscal control.  Governments and central banks are “printing” (i.e. creating) new units of money to infinity with no end in sight.  The inevitable switch to encrypted digital electronic currency (“cryptocurrency”) is actually hastening this alarming trend.  The global pandemic has forced too many people to stay physically isolated, it has forced too many small family-owned businesses out of business entirely (small business will always be the bedrock of the global economy) and the political “answer” to this disaster is to create even more money out of thin air and to pay it to people and industries (more likely big business as opposed to small business) on a regular basis.  This is the reason why Central Bank Digital…

Financial, Economic and Social Mood Update (April 2, 2021) Citigroup has finally admitted that Bitcoin may indeed become the new global currency of the future.  As always, large entities such as commercial banks are very late into the game.  This admission merely proves that this is already taking place right now.  The US Federal Reserve is planning an official American cryptocurrency which will eventually replace the paper fiat US Dollar (the so-called “Fedcoin” due in a few years………….too little & too late).  The USA is entering this field very late, behind many other countries – especially in Asia.  This is yet more evidence of the inflation (even hyperinflation) decimating the US Dollar and other primary global currencies such as the Euro and the Pound Sterling.  Hyperinflation has no mercy whatsoever.  Do you remember what happened to the former German Reichsmark during the time period of the Weimar Republic (1918-1933)?  During the devastating hyperinflation of 1923, one BILLION German Reichsmarks could not even purchase one pound of butter.  If this were to happen today (very likely considering what is already happening to the values between paper fiat currencies and digital electronic cryptocurrencies backed by high technology, the Blockchain & Artificial Intelligence) we will see retail prices increase by a whopping ten million fold. The first step toward “basic minimum income” in the USA (i.e. “welfare for almost everyone) were the first 3 “retail” stimulus packages in the USA under both the Trump and the Biden Administrations.  There were also at least 5 “corporate” welfare stimulus packages (i.e. subsidies for certain industries and businesses).  Starting in July 2021, something of a monthly child welfare credit will go into place.  The Blockchain is a part of this.  The great “global economic reset” is already underway.  The second step will be the “global currency…

Financial, Economic and Social Mood Update (March 1, 2021) Bitcoin reached yet another record high on the primary markets on February 21, 2021 of USD $58,330.57.  Bitcoin comprises 61 percent of all USD $5.629 TRILLION global cryptocurrency and Blockchain technology market capitalization (as of February 26, 2021) – this greatly enhanced figure includes “fully diluted market capitalization” as well as the circulating supply of the top 75 cryptocurrencies worldwide plus the market value of companies such as Telsa and others who now accept and use cryptocurrencies for financial transactions (such as VISA and MasterCard).  Bitcoin and its direct derivatives (coins launched as Bitcoin spinoffs and/or launched by the founders of Bitcoin) comprise 95 percent of all global cryptocurrency market capitalization.  More importantly, prices on the secondary markets (i.e., legitimate offers of sales & purchases between any and all individual potential sellers & buyers) have already gone to the moon – a Bitcoin BTC domain name at USD $11,001,600.00 and an Ethereum ETH Wallet at USD $1,222,406.11 for sale from Austria as of February 26, 2021 (this is NOT a typo), single Bitcoins have sold for at least USD $60,000 on E-Bay, asking prices for single Bitcoins on E-Bay are as high as USD $299,999, Litecoin LTC at USD $795, Basic Attention Token BAT at $15.99 and Orchid OXT at USD $3.00 are but a few valid current examples. The so-called pseudonym of the Bitcoin founder “Satoshi Nakamoto” is not a real individual person, but a group or consortium of people and companies in places such as northern California’s Silicon Valley and beyond.  The world’s 2,095 USD billionaires are worth a combined USD $8 TRILLION, and much of this is now due to the extremely high value of high technology.  So-called “old money” has died off to a very large degree…

Financial, Economic and Social Mood Update (February 1, 2021) Bitcoin reached yet another record high on the primary markets on January 8, 2021 of USD $42,000.00.  Bitcoin alone comprises 63 percent of all USD $1.857 TRILLION global cryptocurrency market capitalization – this enhanced figure includes both “fully diluted market capitalization” as well as the circulating supply of the top 75 cryptocurrencies worldwide).  Bitcoin and its direct derivatives (coins launched as Bitcoin spinoffs and/or launched by the founders of Bitcoin) comprise 90 percent of all global cryptocurrency market capitalization.  More importantly, prices on the secondary markets (i.e., legitimate offers of sales & purchases between any and all individual potential sellers & buyers) have already gone to the moon – a Bitcoin BTC domain name at USD $10,934,100.00 for sale from Austria as of February 1, 2021 (this is NOT a typo), Litecoin LTC at USD $795, Basic Attention Token BAT at $15.99 and Orchid OXT at 39.2 cents are but a few valid examples. If you believe that Bitcoin, cryptocurrencies, the Blockchain, Artificial Intelligence (AI) and robotics are a “joke,” then you believed that Facebook, Instagram, Apple, Amazon, Alphabet, Alibaba, Netflix, Google, Tesla, PayPal, E-Bay, Walmart and Target were “jokes.”  They are not jokes.  They have made their owners into BILLIONAIRES.  These people and families are on the top lists of FORBES and FORTUNE.  These ARE NOT JOKES.  This is the current phase of the high technology revolution, which is NEVER GOING AWAY.  Human beings will ALWAYS INNOVATE, and in order to achieve extraordinary financial and economic gains, one must identify VERTICAL TECHNOLOGICAL PROGRESS, in other words, to reinvent the wheel, to reinvent entire processes. The Artificial Intelligence (AI) Blockchain is the foundation of our future.  The cryptocurrency financial segment of this (of which Bitcoin comprises the lion’s share as a…

Financial, Economic and Social Mood Update (January 1, 2021) Here’s wishing all of my subscribers and readers a happy New Year – may 2021 be a better year than 2020. Hyperinflation is here, NOW.  US GDP and federal government “spending” (i.e., the “printing,” or the “creation” of brand new money out of thin air and backed by NOTHING) now equal USD $6.5 TRILLION for the year of 2020.  The US Congress (Senate and House of Representatives) spent a record USD $3 TRILLION in December 2020, which portends an absolutely alarming trend of increased hyperinflation in 2021.  If this trend continues for all of 2021, prices will increase by 5.5 fold – an annual inflation rate of 454 percent, which would be the 37th highest inflation rate in the recorded history of the entire world.  I fear that the Federal Reserve System’s policy of “printing money” (i.e. creating brand new money out of thin air backed by absolutely nothing whatsoever) will become even worse after January of 2021.  The Fed has crossed a line which they have never crossed before – they are now printing more money than the annual value of the entire United States GDP (Gross Domestic Product).  What happens if the Fed goes all out and “prints” enough brand new money to cover the GDP of the entire world?  If this were to happen, then prices would increase by a whopping 15.2 fold compared to what they are today.  And what does this mean in plain English?  Let’s say you spend USD $100 per week on groceries to feed your family household.  Well, if prices increase by 5.5 fold, your income remains constant (no change) but your weekly grocery bill increases to USD $550.  If prices increase by 15.2 fold, your weekly grocery bill goes up to a…