Monthly Updates

The total global cryptocurrency market hit a record high market capitalization on November 10, 2021.  Bitcoin BTC and over 19,145 other privately launched electronic digital cryptocurrencies have been surging in value over the past decade.  They have already matured to a large degree, having replaced 91 percent of commercial and investment banks all over the world.  Traditional commercial and investment banks as we have come to know them over hundreds of years will likely cease to exist in the very near future – this is how rapidly things are changing over into the new digital financial system.  The cryptocurrency market reached a record high value on November 10, 2021, but it has lost 27 percent of its value since then.  Recent stock market activity points to an emerging asset market collapse – the noise coming out of the real estate market is demonstrating this by the day.  Central Bank Digital Currencies (CBDCs) which are forecast to replace existing national paper fiat currencies will likely be even more inflationary, and even worse than that, they will remove all remaining financial liberty.  Governments will have the ability to determine who spends how much, on what goods & services, and by what time – i.e. money with an expiration date.  Privately launched cryptocurrencies are an attempt to preserve financial liberty by those who own them, but most of them cannot and will not survive.  Case in point: 19,146 cryptocurrencies now exist, of which only 9,847 are big enough to be even traded on an exchange.  A mere 96 coins have a face value of at least one American cent.  Bitcoin BTC is by far the oldest and biggest of these, and it also exists in “stock market” form in the likes of GBTC – the Grayscale Trust, which trades a number of the…

Financial, Economic and Social Mood Update (March 1, 2022) The total global cryptocurrency market hit a record high market capitalization on November 10, 2021.  Bitcoin BTC and over 18,368 other privately launched electronic digital cryptocurrencies have been surging in value over the past decade.  They have already matured to a large degree, having replaced 87 percent of commercial and investment banks all over the world.  Traditional commercial and investment banks as we have come to know them over hundreds of years will likely cease to exist by the end of the first trimester (i.e., one-third) of 2022 – this is how rapidly things are changing over into the new digital financial system.  The cryptocurrency market reached a record high value on November 10, 2021, but it has lost 35 percent of its value since then.  Recent stock market activity points to an emerging stock market collapse – in particular an emerging high technology equity market collapse to rival or exceed that of the historical dot.com bust. The digital currency market is already much more mature than people realize.  Here is where we stand right now: 114 million people own cryptocurrency.  300 million people use cryptocurrency for transactions, and 261 million people in China already use the digital Yuan CBDC for retail purposes = 561 million minimum retail digital currency users worldwide.  9 countries including China already have a live CBDC available for retail use.  The combined human population of these 9 countries (which include the likes of Mainland China, India and Nigeria) is 3,085,500,000 people. Interest rates have already begun to rise, especially for loans.  This trend is not yet visible in retail interest rates for traditional commercial bank savings accounts, but staking rewards for cryptocurrencies (including those for stablecoins which do not fluctuate much in value unlike most very…

The total global cryptocurrency market hit a record high market capitalization on November 10, 2021.  Bitcoin BTC and over 17,762 other privately launched electronic digital cryptocurrencies have been surging in value over the past decade.  They have already matured to a large degree, having replaced 85 percent of commercial and investment banks all over the world.  Traditional commercial and investment banks as we have come to know them over hundreds of years will likely cease to exist by the end of the first trimester (i.e., one-third) of 2022 – this is how rapidly things are changing over into the new digital financial system.  The cryptocurrency market reached a record high value on November 10, 2021, but it has lost 42 percent of its value since then.  Recent stock market activity points to an emerging stock market collapse – in particular an emerging high technology equity market collapse to rival or exceed that of the historical dot.com bust.  Here is a short interesting video from Elliott Wave International with respect to the emerging crash:  https://www.elliottwave.com/Social-Mood/5-Trends-We-re-Watching-Beyond-the-Markets-in-2022?rcn=220123socez&utm_source=com&utm_medium=eml&utm_campaign=ar-frup&utm_content=220123socez. We are all aware that most of the world is experiencing both hyperinflation and a shrinking labor pool.  There is an increasing amount of evidence which points to the emerging deflationary collapse which follows the hyperinflation – much like from 1923 to 1949, but much worse this time around.  The NASDAQ exchange has many more companies listed than either the blue chip Dow Jones 30 Industrials or than the S&P 500 Index, and one-third of the 3,554 companies listed on the NASDAQ have already lost a staggering 50 percent of their market value in merely ten (10) weeks. These 3,554 publicly listed corporations now comprise all publicly listed corporations in the entire USA – essentially the same demographic as the Wilshire 5000 Total Market Index.  The…

Financial, Economic and Social Mood Update (January 1, 2022) The total global cryptocurrency market hit a record high market capitalization on November 10, 2021.  Bitcoin BTC and over 16,694 other privately launched electronic digital cryptocurrencies have been surging in value over the past decade.  They have already matured to a large degree, having replaced 80 percent of commercial and investment banks all over the world.  Traditional commercial and investment banks as we have come to know them over hundreds of years will likely cease to exist by the end of the first trimester (i.e., one-third) of 2022 – this is how rapidly things are changing over into the new digital financial system.  The cryptocurrency market reached a record high value on November 10, 2021.  As of today, market capitalization is depressed, standing at 24 percent below the value reached on that date more than 7 weeks ago.  Nevertheless, many billionaires and millionaires continue to invest capital in the cryptocurrency market – hedging against the very likely probability of the ongoing collapse of fiat currencies. Just how bad is the current situation with respect to inflation?  There is nothing “transitory” about this inflation, unless of course we realize that we are transitioning into financial and economic oblivion.  More US American Dollars have been created or “printed” within the last 2 years than in all recorded history.  This equals a disaster – no ifs, ands or buts.  Mexico will launch its own national CBDC (Central Bank Digital Currency) in 2024 – such “governmental” digital currencies will make it even easier for national governments to hyper-inflate their own fiat currencies. In the 24-hour period of December 14 & 15, 2021 both Bitcoin BTC and Zcash ZEC registered severe price swings on certain exchanges, afterwards attributed to computer system “glitches.”  Nevertheless, Bitcoin BTC went…

Financial, Economic and Social Mood Update (December 1, 2021) The total global cryptocurrency market hit a record high market capitalization on November 10, 2021.  Bitcoin BTC and over 15,516 other privately launched electronic digital cryptocurrencies have been surging in value.  They have already matured to a large degree, having replaced 74 percent of commercial and investment banks all over the world.  Traditional commercial and investment banks as we have come to know them over hundreds of years will likely cease to exist by the end of the first trimester (i.e., one-third) of 2022 – this is how rapidly things are changing over into the new digital financial system. Assuming that such currencies will replace all existing global paper fiat (government) currencies, Bitcoin BTC and other privately launched electronic digital cryptocurrencies have merely 198 fold left to increase in value.  This calculation assumes that financial derivative instruments will continue to survive in their current volume, which is entirely imprudent.  Financial derivative instruments can be thought of as “bets” which money center commercial and investment banks make upon the financial performance of anything and everything.  Why are they imprudent?  It would be like if you only had one Dollar to your name, but you promised to pay someone else 5 Dollars that you had no way of obtaining. If financial derivative instruments were removed from the picture, then the maximum remaining average upside potential for cryptocurrencies equals just 36 fold from where they stand today – this assuming that cryptocurrencies will completely replace all paper fiat (government) currencies.  The “window of opportunity” for people not yet invested in cryptocurrency is rapidly disappearing, and the remaining life span for the government paper fiat currencies is almost over. It is so sad to see happen and to say - it has been just 13…

Financial, Economic and Social Mood Update (November 1, 2021) Events are taking place at an ever quicker pace.  For all intents and purposes, the American federal government is already bankrupt and has already defaulted on its so-called national debt.  Mainland China looks like it may soon militarily invade the island nation of Taiwan (the People’s Republic of China versus the Republic of China), and is recklessly using the term “World War 3.”  On October 5, 2021 it was reported that the US Treasury is preparing a possible USD One TRILLION coin – this makes the former German Weimar Republic look tame by comparison.  The US government is also planning its own Central Bank Digital Currency (CBDC). The total global cryptocurrency market hit a record high market capitalization on October 30, 2021.  Bitcoin BTC and over 13,861 other privately launched electronic digital cryptocurrencies have been surging in value.  They have already matured to a large degree, having replaced 66 percent of commercial and investment banks all over the world.  Assuming that such currencies will replace all existing global paper fiat (government) currencies, Bitcoin BTC and other privately launched electronic digital cryptocurrencies have merely 351 fold left to increase in value.  This calculation assumes that financial derivative instruments will continue to survive in their current volume, which is entirely imprudent.  Financial derivative instruments can be thought of as “bets” which money center commercial and investment banks make upon the financial performance of anything and everything.  Why are they imprudent?  It would be like if you only had one Dollar to your name, but you promised to pay someone else 5 Dollars that you had no way of obtaining. If financial derivative instruments were removed from the picture, then the maximum remaining average upside potential for cryptocurrencies equals just 64 fold from where…

Financial, Economic and Social Mood Update (October 1, 2021) It is so sad to see happen and to have to say, but the USA today is collapsing much like the former USSR did in 1991.  We could be about one month away from a default on the US national debt, which will likely translate into a massive deflationary collapse following the current bout with hyperinflation.  The last time something like this happened in world history was between 1923 and 1949.  In 1923, a number of countries in Central Europe experienced hyperinflation due to the burdens placed upon them by the Treaty of Versailles (1919).  These countries included Germany, Austria, the Free City of Danzig and Poland.  Hyperinflation especially devastated the middle class.  These countries did try to recover after 1923, but the deflationary collapse of 1929 (the stock market crash) totally destroyed whatever progress they had made over the 6 year period from 1923 to 1929.  The deflationary collapse of 1929 was a worldwide phenomenon which was not even totally “cured” by the massive global deficit spending due to World War Two (1939 to 1945).  In the USA, stock prices, rents and real estate prices did not recover their 1929 nominal values until 1949 – 20 years after the fact. The emerging demographic collapse (which will eventually translate into a massive deflationary economic and financial collapse) evident in the USA is by no means confined to America – it is entirely global in its scope.  A recent poll of 45,000 major global employers found that 69 percent of them now have severe problems in filling positions (jobs).  Things are so bad that they are willing to hire inexperienced people and train them, which is very costly and time-consuming.  The situation will not get better – it will only get worse…