Cryptos going mainstream
Bitcoin and other cryptocurrencies are defying naysayers who, mostly out of ignorance, term them as bubble and scam investments. Btc just “forked” into two currencies and rose to another record value above $3000. Cryptos are here to stay! They are a counter-weight to globalist attempts to move us to a cashless society, totally controlled by the banking system. They are also a practical means, in addition to bullion, for securely moving your assets outside the government’s control system. Some of these coins are going to go much higher. They are NOT going to get cheaper.
Therefore, if cryptos are something you may eventually want to hold, the time for you to learn about them is NOW! We’ve assembled a free 8-page white paper to help you on your way. For a copy, simply respond to this post or send a message to email@example.com.
Trump’s election was not enough. He needs help. Democrats and mainstream media have been joined by RINOs (Republicans In Name Only) to form the most unproductive Congress in 164 years. Swampy creatures in the Senate and House need to be replaced. The North American Law Center launched an appeal for TRUMP-like individuals willing to run for the U.S. Senate in 2018, titling their program “REPEAL AND REPLACE CONGRESS.” Ted Cruz is also on the replacement list, because as a now-acknowledged Canadian citizen he will likely be forced out in the Texas primaries.
The RAISE Act. The Trump administration announced a merit-based immigration reform policy designed to help millions of Americans hurt by the nation’s current cheap labor immigration policies. The bill, drafted by two Senators, limits permanent residency for refugees, eliminates the Diversity Lottery and prioritizes immediate family households. Most important, it includes a skills-based points system, prioritizing immigrants who are best positioned to succeed in the U.S. economy.
The Great American Eclipse
Hopefully, your calendars are marked for August 21. That’s the day of the first total solar eclipse in 99 years that will cross from the U.S. west coast to the east coast … and also the first ever total solar eclipse visible ONLY in the U.S. since its founding.
For 100% blockage of the Sun, you’ll need to be in a path moving through parts of OR – ID – WY – NE – KS – MO – IL – KY – TN – GA – NC – SC. Amazingly, the last time an eclipse held this path was 1776! Here’s a comprehensive article from USA Today. Locations near the 70-mile wide path of totality might be jammed with visitors. Let’s also hope for clear weather!
Here’s what it will look like in your state.
Also very interesting is that seven years from now we will have another eclipse – which will follow a course that, when overlaid against the 2017 course will form a pattern in the shape of an “X” intersecting near St. Louis! A slew of pundits are offering views on the “significance” of these events.
And as a sort of consolation prize for missing the U.S. eclipse, residents in India, China, Australia and other eastern hemisphere countries will be treated TODAY to a partial lunar eclipse, with about 25% of the lunar disk in Earth’s shadow.
MARKETS – for the week ending August 4
Real money: gold and silver dropped $11 and 44-cents to $1264.60/oz and $16.25/oz.
US stocks rose: the Dow 1.2% to 22093 and the S&P 0.2% to 2477. Larry Kudlow credits the President for 2017 market gains and the improving economy: he’s “made good on his promise to roll back hundreds of regulations—energy, finance, labor laws, you name it. That is a huge cost savings for businesses, and that has instilled a lot of confidence.”
Mining stocks (the XAU Index) plunged 4.1% to 82.04.
Crude oil (the WTIC Index) slid 13 cents to $49.58/barrel.
Commodities (GCC Index) fell 1.0% to 18.98.
Currencies. The Federal Reserve Note (= dollar, via USD Index) bounced 0.3% to 93.42.
Cryptocurrencies. Bitcoin soared to close Friday at $2730. This week it’s moved above $3,200 (more in the above article).
US Treasury bonds kept climbing, as 10-year and 30-year yields fell 3 and 5 basis points to 2.27% and 2.83%.
About the Author
Wayne Peterson is an independent Registered Investment Advisor and principal of Family Business Office, a comprehensive financial planning and asset management firm he founded in 1991. He has been publisher of the Transformation Watch newsletter since 2005. A U.S. Air Force Academy graduate, Peterson spent five years with the U.S. Marine Corps as a fighter pilot, followed by 20 years in aerospace management. For free weekly receipt of these financial blogs, subscribe here.
Peterson’s book, “But What If I’m Right?”, outlines the factors contributing to the impending global financial transformation and provides readers with recommendations to safeguard their families and their assets.