Archive for Bitcoin

Bank of England’s Carney Calls for Global Crypto-Currency, August 2019

Posted in #PaulthePoke, Prophecy, Trend Update with tags , , , , on August 27, 2019 by paulthepoke

Revelation 13:16-18 And he causes all, the small and the great, and the rich and the poor, and the free men and the slaves, to be given a mark on their right hand or on their forehead, and he provides that no one will be able to buy or to sell, except the one who has the mark, either the name of the beast or the number of his name. Here is wisdom. Let him who has understanding calculate the number of the beast, for the number is that of a man; and his number is six hundred and sixty-six.

As of August 2019, we are not in the seven year tribulation. There are no two witnesses. There is not a Temple in Jerusalem. The context of the mark emerges with the total domination and rule of the Antichrist. This takes place during the last 3 ½ years of the seven year tribulation.

Friday, August 23, 2019: Lost in the shuffle of all the tough tariff talk between President Donald Trump and China, was this nugget from England’s Central Banker Mark Carney.

bitcoin.com

Carney wants to replace the US Dollar as the world’s reserve currency. A major concern is a US Dollar that is getting stronger and affecting global markets.

“The dollar is the global currency, we know that. The challenge is that the U.S. share of the global economy has been reducing. The dollar share of payments – not just financial assets but payments, a lot of payments of countries that have nothing to do with the U.S. make payments in dollars. And what happens in situations like we’re in tonight, where the U.S. to its credit is relatively strong, doing better. The fed has been doing the right thing. They have adjusted policy, they have tightened policy as it was strengthening. Now they’re making – they’re doing the right thing, but they adjusted and it is relatively strong. That means the rest of the world policy is tighter than it needs to be, and that feeds back on the U.S. economy in a way that ultimately slows this economy. And it leads to a substandard outcome. And in a world where you only have limited policy space, it is a dangerous place to be. So, the trade issues we’re talking about are reinforced by the structure of the monetary system.

Now the issue is you don’t just jump to something new overnight. And what we want in a multi polar world, I think we would agree we have European engine, we’ve got the Chinese engine, we’ve got the U.S. engine of this economy, a multi polar world, you need a multi polar currency. The question is how you get there? And I laid out ideas of how you would get there.” -Mark Carney

For those who want to read the document. See the link below for the specifics of Carney’s idea.

https://www.bankofengland.co.uk/-/media/boe/files/speech/2019/the-growing-challenges-for-monetary-policy-speech-by-mark-carney.pdf

Video: Twitter CNBC Financial Network

Carney is not the only one talking about replacing the dollar on a global scale. Here is a brief list of global players who are on board with the idea: Christine Lagarde of the International Monetary Fund (IMF); Russia’s Vladimir Putin; China; Chief Economic Adviser at Allianz, Mohamed El Erian.

For more detail and an overview on global currency plans, see the link below from Zerohedge.

https://www.zerohedge.com/news/2019-08-24/why-mark-carney-thinks-dollar-can-no-longer-be-worlds-reserve-currency

The concept of a single global crypto-currency is becoming mainstream in the press. This is not a right-wing wacko, fringe conspiracy theory. These folks have plans in place. It is time to pay attention!

Exhale and relax. We are not there. But we are trending towards the economic concepts of a one world system discussed in the book of Revelation.

https://paulthepoke.com/2015/03/01/mark-of-the-beast-666/

Bitcoin Mania…Featuring Michael Douville

Posted in Michael Douville with tags , , on December 20, 2017 by paulthepoke

Psalm 119:72 The law of your mouth is better to me than thousands of coins of gold and silver. 

MichaelIt has taken almost 400 years, but according to Convoy Investments, Bitcoin has surpassed The Tulip Bulb Bubble, where even Sir Issac Newton lost his fortune, as the largest Financial Bubble in History.  Everyone wants to get rich! Everyone wants to be part of this phenomenon.  When queried,  there is a complete lack of understanding what Bitcoin is or can do. It is a “Store of Wealth”, however, you cannot go to Walmart and buy clothes or food with Bitcoin, nor can you fill up your car at the Gas Station. You cannot pay your mortgage,  health costs, utilities, or even buy a really good meal with Bitcoin! Yet, there is a rush to spend precious Investment Dollars, Retirement Funds, or worse yet, the Family “Nest Egg” in pursuit of the “Riches” to be made.

This will not end well! Wealth is not achieved by Speculating in the last stage of a spiking and crowded trade; that is a recipe for losses, HUGE losses.  Wealth is achieved by understanding the flow of the economy and attempting to purchase good assets early in their cycle. Purchasing assets that will appreciate as time goes on; investing long before everyone else recognizes the potential of your asset class.  Such opportunities present themselves a few times in your life. Certainly,  March 2009 for the Equities Market or Investing in Bonds after the traumatic ending of the Interest Rate Cycle in 1982 when short term rates broached 20%; resulting in  35 years of declining rates and rising Bond prices. Just these two illustrate that the time to buy is when everyone is selling and swearing never to enter that Market again.  Two possible considerations come to mind.

As China was saving the world in 2009-2012, Iron Ore, Copper, Aluminum, Timber, etc. were in demand and prices rose sharply; they have since fallen sharply. The rise of Commodity prices were also the result of the completion of the Commodity Cycle; typically a 15 year duration: 7.5 years up, 7.5 years down. The down cycle appears to be in the process of completion. No one wants to own Commodities!

Typically, Housing experiences a Mid-Cycle Correction in the 7.5 to 9 years from the cycle completion date. The last cycle would have bottomed and completed in mid to late 2009; the vulnerability stage would then be early 2017 to the end of 2018. A correction in this time frame would constitute a buying opportunity in an ongoing Bull Market. With both the Stock and Bond Market heading toward completion of their respective cycles, this “Correction” could be pretty “Scary”.  However,  the best price appreciation is generally achieved just prior to the cycle tipping point often resulting in a Price Spike. This event should transpire for Housing in the 2023/2024 time period also coinciding with Commodity Cycle. In order to benefit from both trends,  investing in cash flowing residential rentals in the high growth corridors of the US might be considered. One should always consult with your advisor prior to investing.

https://michaeldouville.com/bitcoin-mani/

Paul the Poke

Habakkuk 1:5 Look among the nations, and see; wonder and be astounded. For I am doing a work in your days that you would not believe if told. -LORD God

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