The Rise Of A Parallel Economy: Entrepreneurialism In Full Swing Challenging The Woke Trend

The Rise Of A Parallel Economy: Entrepreneurialism In Full Swing Challenging The “Woke” Trend 

In the current political climate and apparent age of awareness around privilege and oppression, many of us are questioning and re-examining previously unchallenged ideas. The degree of polarity is exponential worldwide, and derision is rampant among societies. Many are experiencing their freedom, identity, and self-expression being stripped away by the disingenuous elite who want to crush entrepreneurialism and critical thinking. 

The wheels have been set in motion for the Great Reset and Stakeholder Capitalism plans involving ESG, global Digital ID, and a new monetary system by the BIS. NGOs, asset management firms, and the banking cartel working with governments are enforcing mandates of ridiculous restrictions on companies in the name of climate change, hurting businesses and citizens worldwide. 

As is with big tech, specifically social media with its cancel culture oppressing free speech and self-expression. Both sides of the spectrum are in lockstep, trying to kill the entrepreneurial spirit and stifle innovation, which is precisely what they want, all in the name of stakeholder capitalism, with an aim to have complete control, but they won’t win. 

As we are in the very throes of a new satanic age, it’s time to be more creative and more entrepreneurial because the reality is the perplexing big tech and big finance left-wing ideology has created an entire woke industrial complex

That complex doesn't like any form of dissonance: you either abide by their rules on everything from climate change to transgenderism and vaccines to abortion, or you're out. That reality has been slowly growing for 20 years but now moving at a very rapid pace.

A growing number of entrepreneurs are seeing this oppressive dictatorship take hold, and the once thought of as “healthy capitalism” has turned into a “woke crony capitalism.” These brave critical thinkers are standing up for their rights and the people's rights, and they are on the verge of breaking the system. 

Thanks to the internet, cryptocurrency, blockchain technology, and the introduction of independent cloud servers as an alternative to the centralized AWS and the like, entrepreneurs are actually developing a Parallel Economy where we don't have to rely on the system and its corrupt ideology.

The individuals and companies that are rising up have proved it can be done. When the system rejects your views and confiscates your liberties and livelihood, you can continue and thrive outside the system, which is terrifying to the media. In the last decade, big tech, especially the social media giants, has become the gatekeepers of speech. This is a real threat to anyone who disagrees with the government and its power and string puppets. 

Many who have dared to share their views have been canceled on social media, email accounts blocked, bank accounts confiscated, and payment provider boycotts. This is the new system the left-wing is creating. If this insane left-wing crusade continues at the current pace, half of the population will be locked out of the economy entirely. That's what Russia faced when it was sanctioned by various governments and the western banking system. In fact, they created a parallel economy by creating their own banking system. 

People just want to participate in regular normal economic activity without being flagged for not believing in and using pronouns or wishing to use energy that actually works. One of the gracious things about the apolitical environment is that it unites us, irrespective of race, gender, or politics. 

The role of capitalism and an apolitical marketplace in an otherwise divided polity is to provide social forces that result in cohesion across divisions. So as this parallel economy grows, everybody is welcome to participate, with the only requirement being that you have the common sense to see the actual value of freedom.

Some innovators are fed up with woke left-wing intolerance and are the first to step out and take risks by building alternatives to counter an ever-increasing oppressed system. These alternatives cover the many aspects of our lives that the woke culture has infiltrated. 

We’ll review some of these inspiring entrepreneurs and their companies from various sectors pioneering the parallel economy, including financial, dating and relationships, entertainment, social media, and marketing, plus find out how we can participate in building a parallel economy.


Image source: Strive, Media Reel

Strive Asset Management 

The mission of  Strive Asset Management is to “restore the voices of everyday citizens in the American economy by leading companies to focus on excellence over politics.” They are in direct competition with the asset management giants like Blackrock. They have seen the need to restore capitalism for the people who want to move in the traditional direction of focusing on products and services for profit rather than social agendas or ideologies.  

What Strive finds is that many major companies are not in competition with each other. So they do not take advantage of an opportunity to fill the gap that may arise due to a company's decisions to push agendas that many customers are adverse to and put off from participating.  

Why is that? It’s because the top shareholders are the same for all these companies; they are the woke investors like Blackrock, State Street, and Vanguard. There's a concentration of capital of around $20 trillion that is handled by these three companies alone. They are essentially the puppet masters behind the scenes pulling the strings and effectively mandating through soft power, ensuring these companies adopt their one-sided political agendas. 

So is that the free market where companies are free to do what they want to be sustainable and grow in the interests of product and service excellence? In effect, they're being told by a small group of actors directly doing favors for the government behind the scenes who are in bed with unelected leaders of the WEF to direct corporate America's and corporations' behaviors worldwide.

Entrepreneur, Author, and Co-founder of  Strive Asset Management, Vivek Ramaswamy, says,

“The free market is not free to fix what it's not free to fix. Companies need to have the restraints lifted so that they are able to and be allowed to pursue their own self-interest.” 

Fascism Hurts The Free World

So how do agendas like climate change, ESG, and pushing for a great reset of the world hurt the entrepreneurial and creative spirit? 

As explained by Vivek, one example is Chevron Oil and Gas Company when in 2020, they were forced to adopt a Scope 3 Emissions Cap. The company and its board were against this change, but Blackrock, State Street, and Vanguard voted in favor of it, so the majority supported the proposal, and of course, it was set in motion. 

The Emissions Cap requires not just Chevron to reduce its own emissions but to reduce the emissions of anyone who uses their oil, all the way downstream, including their employees who commute to work and the Amazon truck delivering food to its customers. So that means Chevron as a company is required to take responsibility for everything and everybody that uses its oil. 

It's a problem because Chevron, as a company, cannot exist as it has done if it has to take responsibility for reducing customers using its own product. Why would it ever be in the interest of a business, whether it be a small entrepreneurial business or a legacy company like Chevron, to say, “it's in my interest to force my consumers to use less of the core product that I make?” 

Nefarious Double Standards

That is a fundamentally anti-growth measure. It's essentially a measure opposed to human flourishing delivered through American capitalism. Furthermore, it's not even good for the environment or the alleged effects of climate change because when Chevron drops these projects, some firms in China get to pick them up that have even worse and dirtier oil production. 

It's interesting to note Blackrock doesn't apply the ESG standards to Chinese companies but gets its license to be an asset management builder in China and make a lot of money. And they're doing it while applying these ESG standards to the United States that cripple American energy companies and affect the lives of everyday citizens. 

It’s important to note that these asset management firms use peoples’ retirement funds to invest in their agenda-driven interests that do not serve the people's interests. It’s becoming clear that most people do not want their asset managers advocating for the political agendas they are pushing. 

It's a geopolitical tool and a trojan horse. They’ve used capitalism as a trojan horse to undermine America from within, and China will be the biggest beneficiary at the end of the day. It's the merger of state and corporate power that neither of them could do independently. It's a hybrid of the two together, making it more powerful than either alone. The merger of state and corporate power is the classical definition of fascism.


Image source: Twitter 

The Right Stuff

The Right Stuff is a new dating app co-founded by Daniel Huff. Huff is a Republican who worked at the White House as an adviser for the Trump administration before becoming an entrepreneur. He saw an opportunity and a real need to counter the antagonism and discrimination from many of the dating apps out there today that either promote or enforce left-wing extremist ideology. 

He brings to light how the conservative individual who subscribes to a “live and let live” philosophy has difficulty finding traditional mediums to connect with people. Many dating apps have agendas and ideologies that don’t necessarily fit society's moral values or ethical standards.  

It’s not just antagonism from the users of an app but the platforms' discrimination. One example of platform bias is when joining the community on one of the largest dating apps; it is an absolute requirement that you affirm your support for Black Lives Matter before having access. 

Another is pressing people to add pronouns to their profiles, which has become a contentious issue for many. Also, adding stickers to profiles relaying your interests, even political interests, except all stickers relate to left-wing only. 

According to Huff, the Left has repeatedly stated that if you don’t like how we do things, build your own, so he did! He says the Republicans have been playing catch up for too long with Liberal technology, adding,

“We just don't want to catch up. We want to make a superior product. And we can do that by adding features that no one else has that distinctively set us apart and help to create a parallel economy.” 

 
Image source: Twitter, EricJuly.com 

Rippaverse Comics

Rippaverse Comics is about bringing the industry back to its essence. The unfortunate state of the comic industry with the likes of Marvel and Disney, now owned by mega-corporations, where timeless characters have been bastardized beyond recognition. They are distorted with a leftist message of political and social views incongruent with the age-old narrative or characters. 

A bunch of activists masquerading as writers has infiltrated the industry. They use well-known characters as a medium or vehicle to push their leftist agendas and fundamentally ruin the industry for those who aren't interested in that. 

The corporate entities in control have no loyalty to the reader, the customer, or the legendary comic character that people know well and love. They don't protect or care about the sanctity or legacy of these characters. 

Commentator, content creator, and musician Eric July saw the opportunity and the hole in the market for a comic book company with ethics and standards that put customers first. The company vows to deliver content that doesn’t include current politics or narratives that many comic lovers are fed up with being force-fed. Also, the customers' ethnic backgrounds or genetic makeup are totally irrelevant to them. 

Founder and owner of Rippaverse Comics, Eric July, started this venture in the parallel economy with no external investors, and he has expressed it will remain that way, saying,

“We want to expand in many different avenues, including video games, animation, and maybe even live-action movies. But not if it means selling off our assets; we only answer to the customer.” 

In setting up the company, the project was completely organic. Eric bypassed all major organizations and regular channels when dealing with publishing and distribution and has been very successful in helping creatives and the people behind the scenes at Rippaverse Comics. 

This push to subvert the corrupted mega players has successfully gained tens of thousands of followers and subscribers. The company has surpassed its revenue expectations, so it’s clear there is a growing awareness in society of the evil game woke capitalism is playing. 


Image source: Markethive.com

Markethive Media – The Ecosystem For Entrepreneurs 

Markethive is a prominent contributor to the Parallel Economy in the social media, broadcasting, and inbound marketing spectrum. Thomas Prendergast, entrepreneur, author, artist, and engineer, pioneered the automated marketing concept and was ahead of the curve, initiating a social network in the ‘90s before Web 2.0 social media emerged. 

Thomas Prendergast, Founder, Architect, and CEO of Markethive, anticipated the tyrannous and evil direction of where the world was heading, hence the emergence of the first Blockchain-driven, decentralized social market network that circumvents the injustices forced upon us.  

Markethive is a Divine vision giving back the autonomy and freedom of expression desperately needed to communicate and conduct any business online. With a holistic approach, Markethive enables every individual to realize their potential regardless of what is happening out there.

Thomas expressly states,

“Amid this upheaval, Markethive’s primary objective is providing financial inclusion for all. We have blockchain technology and an integrated entrepreneurial ecosystem where people have privacy, autonomy, and sovereignty. 

They earn income with our native crypto coin (Hivecoin) in many different ways daily, including becoming a shareholder via the ILP, the added staking advantage of our crypto wallet with Markethive Credits, and profiting from the many cottage industries within the Markethive ecosystem. Essentially, it’s the community that owns Markethive and not the hierarchy".

Big venture capitalists or corporations do not fund Markethive. It is for the people, by the people, and of the people who stand for truth, liberty, and freedom. Furthermore, Markethive has removed itself from the centralized giant tech cloud services that have shown themselves as wicked despots and established sovereign cloud server systems, free from dictatorship and an internet shutdown due to censorship. 

These aspiring entrepreneurs and critical thinkers will not acquiesce to the insidious actions of big tech and are part of what is causing real frustration and risk for the woke culture and crony capitalists. Due to the fascism of governments and mega-corporations the world is experiencing, Markethive has its own merchant account and exchange to ensure complete privacy and anonymity. It also eliminates the threat of having your account closed or confiscated by authorities who feel the need to censor you and withdraw your liberties for whatever reason. 

The End Goal

The end goal of the projects is not to create a more polarized economy; through healthy competition and true diversity, the private sector that is depoliticized can bring divided communities together to cooperate in a transparent fashion.

There’s a resurgence of entrepreneurs and a rise of businesses being created to serve the hundreds of millions of customers and users who are tacitly ill-affected from their private sector or feel left behind by this woke trend. And they will do it in an elegant way rather than combative. The winners will be the new businesses that operate according to apolitical principles. 

Much to the chagrin of the authoritarian entities, we are entering a more decentralized age, where everybody wins. The free market is at its finest when we are doing what we love serving other people for the sake of all humanity. 

Entrepreneurs are the lifeblood of innovation, striving for a free and peaceful world. They are critical thinkers, creative and inspirational. They also ‘walk softly and carry a big stick’ and are not easily fooled by the trickery and lies of self-serving dictatorial agencies. 

With God’s help, we will withstand the technocracy that is trying to enslave humanity. There is something greater than the elite, tech giants, and mega-corporations that even they cannot control. Every thinking individual recognizes that something more prominent is taking place. You can be part of the Parallel Economy by joining and disseminating the good news and supporting the entrepreneurs and companies that will bring us into a new Golden Age. 

 

 

 

Editor and Chief Markethive: Deb Williams. (Australia) I thrive on progress and champion freedom of speech. I embrace "Change" with a passion, and my purpose in life is to enlighten people to accept and move forward with enthusiasm. Find me at my Markethive Profile Page | My Twitter Account | and my LinkedIn Profile.

 

 

 

 

Tim Moseley

The ‘biggest crash in history’ is here – should you protect yourself with gold silver and livestock? – Robert Kiyosaki

The 'biggest crash in history' is here – should you protect yourself with gold, silver, and livestock? – Robert Kiyosaki

The S&P 500 has lost 18 percent of its value over the year, and it is only going to get worse, according to Robert Kiyosaki, best-selling author of the Rich Dad, Poor Dad series. Kiyosaki suggested that investors protect their portfolios with "hard assets" like gold, silver, and livestock, as the "biggest crash in history" unfolds.

Kiyosaki spoke with Michelle Makori, Editor-in-Chief and Lead Anchor at Kitco News.

"Anything that can be printed, like a stock certificate, a bond, or a dollar, I don't want it," he stated. "I'm a hardcore gold, silver, oil, and food buff… I'm a hardcore hard assets person."

He suggested that these assets are "insurance" rather than an investment.

"My answer is always to buy more gold and silver," said Kiyosaki. "It's not an investment… I buy gold and silver for one reason, because if push comes to shove, I can spend it anywhere in the world."

Kiyosaki's latest book is The Capitalist Manifesto.
 

Food Shortages

In June, Kiyosaki tweeted that canned tuna is the "best investment," as food shortages become more likely. Analysts have suggested that Europe could struggle with food supplies this winter, and Copa-Cogeca, the EU's farmer union, warned of food shortages due to higher energy costs.

Kiyosaki has previously stated that such shortages could reach the United States. He told Makori that he invests in livestock as a hedge against this possibility.

"I invest in Wagyu cattle," said Kiyosaki. "People talk about farmland and all that stuff, but I think cattle are great. You can always eat the thing."
 

Creeping Marxism

Kiyosaki said that Biden's decision to shut down the Keystone XL oil pipeline, under the guise of environmentalism, was a part of a ploy to weaken the middle class, and to bring about Marxism in America.

"Biden is a communist," he said. "When he took the Keystone XL pipeline off, he destroyed the middle class, because civilization runs on fuel and food… He is doing exactly what Marx said to do."

Kiyosaki explained that "socialists come under the guise of being environmentalists," increasing government control over the economy in order to bring about socialism. He also said that Marxists had infiltrated the U.S. education system.

"In 1930, the [Marxists] took over the Columbia University teachers' college," he explained. "Our country is being taught communism via the academic school teachers."

However, Kiyosaki maintained that he would still fight for the freedoms enshrined in the U.S. Constitution.

"I still fight for our freedom," he said. "You want to be a communist? It's your freedom. You want to be a Buddhist? I fight for that. You want to be Christian? I fight for that. I fight for freedom."

To find out Kiyosaki's price target for gold, watch the video above

By Cornelius Christian

For Kitco News

Time to buy Gold and Silver on the dips

Tim Moseley

Gold’s week in the red but is silver flashing ‘buy signal’?

Gold's week in the red, but is silver flashing 'buy signal'?

Gold saw a volatile $80 move this week, hitting the lowest levels since April 2020.

The latest macro data — hot inflation and better-than-expected retail sales — are giving the Federal Reserve leeway to continue aggressively raising rates. This is pushing the U.S. dollar and Treasuries up and gold down.

Here's a look at Kitco's top three stories of the week:

3. Gold price hits 2020 pandemic lows as Fed rate hike expectations weigh heavily on precious metal

2. Silver's 'buy signal' and why it is a good idea to hold commodities in recession, Goehring & Rozencwajg weighs in

1. Cathie Wood says Fed is making a mistake as calls for 100bps hike grow, Elon Musk confirms warning
 

By Anna Golubova

For Kitco News

Time to buy Gold and Silver on the dips

Tim Moseley

It’s Time to Stand Up For Crypto Freedom

It’s Time to Stand Up For Crypto Freedom

by Teeka Tiwari, editor, Palm Beach Daily

 

God Bless Ameriica

 

In the 1970s, the U.S. Postal Service (USPS) could see the writing on the wall…

Experts at the time predicted by the year 2000… 80% of all first-class mail would be delivered electronically.

The U.S. Government Accountability Office estimated that increased use of electronic mail would reduce postal employment by two-thirds by 2000.

The outlook for the postal service was bleak.

So in 1979, the USPS tried to ban all private electronic mail.

That’s because email technology has made the USPS all but obsolete.

Since 1980, the amount of first-class mail delivered by the USPS has plunged by 43%. And the number of postal employees is down 35% after peaking in 1999… just before the internet and email use exploded in the early 2000s.

This wasn’t the first time the USPS tried to ban emerging technology.

In the 1890s, the postal service declared it illegal for anyone to send letters through private pneumatic tubes under or along city streets.

Pneumatic tubes were the “physical” analog to today’s “digital” internet network.

Over the centuries, governments have always tried to ban technology they couldn’t control.

For instance, Congress tried to outlaw VCRs and MP3 players because of pressure from special interest groups.

These groups said the technology was “dangerous” for the public to own.

But when you scratch the surface, you simply see government overreach. They wanted to crack down on technology that gave individuals more freedom.

With VCRs and MP3 players, individuals can watch or listen to whatever they want in the privacy of their own homes.

But that type of freedom is anathema to Big Government censors.

Instead, they said we need to ban VCRs because they spread “pornography” and MP3 players to prevent “music piracy.”

Of course, bad people can use any technology for bad things.

But does that mean the government should deprive you and I of promising technology simply because bad people may use it?

That’s exactly what’s happening in the cryptocurrency space…

 

Criminalizing Privacy

The technology being referred to is called Tornado Cash. It’s a decentralized application (dApp) known as a currency mixer.

Without getting into the weeds, currency mixers allow users to deposit their crypto into a liquidity pool using a single address.

The pool “mixes” all the funds together so no one can tell where they come from. Users can then anonymously withdraw their funds from the pool, making them hard to trace.

Last month, the U.S. Treasury Department barred Americans from using Tornado Cash as a matter of national security.

The Feds say criminals have used Tornado Cash to launder more than $7 billion in digital currencies since it launched in 2019.

Days after the sanctions, Dutch authorities arrested a software developer in Amsterdam who allegedly worked on the open-source software that powers Tornado Cash.

This is the same as arresting the people who developed the VCR simply because people used it to watch something illegal.

But things have even gone even further than that…

Now, the Feds say anyone even interacting with Tornado Cash violates U.S. sanctions.

This is like arresting anyone using Apple’s iOS or Android software because others use smartphone software to violate U.S. sanctions.

It’s insane.

Tornado Cash is a piece of open-sourced code. It has no CEO or board of directors.

This demonstrates the fundamental lack of understanding the Feds have of technology.

It’s the Postal Service banning pneumatic tubes and email all over again.

I know this sounds scary to advocates of digital currency like myself. But Tornado Cash will keep working no matter what.

Because it is open-source and self-executing software that nobody owns, operates, or controls… that means it will continue to operate no matter what.

People will just copy the code and create new versions. Soon, you’ll have millions of versions of these mixers.

The problem with the Fed is that they’re not drawing the distinction between the technology and the users.

If someone is maliciously using technology, you don’t ban the technology. You go after the individual.

You can’t hold an entire global population hostage to the actions of a few people.

Of course, $7 billion is a lot of money. But it’s a drop in the ocean compared to the amount of money laundering that goes on in cash.

According to statistics from Zippia, criminals launder $300 billion in cash annually through the U.S. banking system…

Will we lock up anyone who deposits cash in the banking system?

The point is this: When you shine the light of logic on what the federal government is doing, you just see overreach and control.

 

We Don’t Have to Stand for It

Friends, I don’t want anyone to spin what I’m saying. So let me be clear…

I’m not defending money laundering. What I am defending is your right to privacy. And your right to access technology.

I’m fighting against a small group of people in a room who want to determine what technology you and I can use.

If they had their way, we wouldn’t have had email. We wouldn’t have VCRs. We wouldn’t have the internet as we know it.

These are all technologies a small group didn’t want us to have because they were “too dangerous.”

It’s up to us to stand up and say, “No, this is our freedom. You don’t get to tell us what to do.”

This isn’t George Orwell’s novel 1984… even though it feels like that.

So we must take a stand here… Because privacy is a fundamental right.

If I want to spend my money privately, there’s nothing wrong with that. And I don’t have to justify that.

It shouldn’t put me in a position where the federal government calls me a criminal just because I want to buy something anonymously.

To hold a global population hostage for the actions of a few criminals… well, we might as well be living in cells.

Big Brother can open the doors when we go to work. And when we come home, they’ll lock them again to keep us safe… and make sure we’re not committing any crimes.

That’s the direction we’re headed in. And I, for one, don’t want to live in a world like that.

So we need to raise our voices and let the government know when it’s trying to impinge upon our liberties.

And this is one of those times.

Friends, this is not a political thing.

Whether you fall on the right or the left side of the political spectrum… you should have the right to spend your money however you please if it’s legal.

Sure, there’s a small population of criminals out there. But why do we have to live in a world built around controlling these fringe lunatics?

Why do we have to pay that price?

That’s just the government trying to make its job easier.

We pay our taxes for law enforcement. The government needs to find the lunatics… Not hold us all responsible for the activity of a few people.

It bears repeating: This isn’t a political thing. Whether you’re on the right, the left… in the middle, or on the moon… your privacy matters. And we all deserve it.

Let the Game Come to You!

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New Opportunities Are Emerging For Citizens of The World.

Freedom and democracy may appear to be struggling to stay alive in America, but there may be a knock-out punch ready to be released. The evolution of the blockchain-enabled metaverse is going to enable the 'Citizens of the World' to gain their own Freedom by democratizing power and creating a new world with new rules, new players, and new opportunities. For 99.99% of us, the metaverse will improve our real-world lives by democratizing power and opportunity.

Along with the major long-term trend of society towards decentralization and smaller-scale organizations, there are new opportunities developing to help 'Preparers' in the cryptocurrency sector. Businesses are beginning to issue their own Crypto Coins that can be traded on Cryptocoin Exchanges.

Markethive.com will release its HiveCoin (HIV) in the coming weeks. It has tremendous upside potential that is outlined in a Video by Founder Tom Prendergast, "Entrepreneur Advantage…".

Not only that, if you go to their website and register as a FREE Member, you will be given 500 HiveCoins for "FREE" along with access to several Earning Opportunities and online tools to increase your HiveCoin balance.

Be sure to check it out today – Markethive.com

Markethive

Tim Moseley

Gold prices holding support above 1675 as UofM inflation expectations fall to one-year low

Gold prices holding support above $1,675 as UofM inflation expectations fall to one-year low

The gold market is holding critical support at around $1,675 an ounce as consumer sentiment continues to improve and inflation expectations remain anchored.

Friday, the University of Michigan said a preliminary estimate of its consumer sentiment survey edged up to 59.5 from August's reading of 58.2. The data was relatively in line with expectations.

The gold market, seeing some modest relief in initial reaction to the latest sentiment data. December gold futures pushed into neutral territory, trading near session highs at $1,678.10 an ounce.

Although sentiment is relatively stable, the report noted there is still a high level of uncertainty among consumers.

"After the marked improvement in sentiment in August, consumers showed signs of uncertainty over the trajectory of the economy," said Joanne Hsu, director of consumer surveys at the UofM.

A positive for the gold market, the survey highlighted falling inflation expectations. The report said that consumers see inflation rising 4.6% by next year, down from the previous projection of 4.8%.

The report said that this is the lowest inflation forecast in a year.

Five-year inflation expectations dropped to 2.9%, down from August's reading of 3.1%.

"However, it is unclear if these improvements will persist, as consumers continued to exhibit substantial uncertainty over the future trajectory of prices," said Hsu.

Economists have noted that if inflation expectations remain anchored, the Federal Reserve could slow the pace of its aggressive monetary policy stance. However, many economists have noted that it will take more than just one or two sentiment surveys to slow the current trend.

"The dip there will offer some comfort to the Fed as it looks to combat rising prices. That emphasizes the credibiliity of the Fed (along with falling gas prices) and gives them some breathing room," said Adam Button, chief currency strategist at Forexlive.com

Markets all but expect the Federal Reserve to raise the Fed Funds rate by 75 basis points next week. The CME FedWatch Tool puts the chance of a full 1% move at only 16%.

However, markets still see a much higher terminal rate near 5%, which some analysts said could keep a lid on gold prices.

By Neils Christensen

For Kitco News

Time to buy Gold and Silver on the dips

Tim Moseley

Facebook Instagram and WhatsApp: A Proven Breeding Ground for Cryptocurrency Scams

Facebook, Instagram, and WhatsApp: A Proven Breeding Ground for Cryptocurrency Scams

Cryptocurrency, or crypto, is a digital currency transferred directly between users without a central banking system. It was invented in 2008 as an open source project and is not governed by any bank or government authority, distinguishing it from traditional currencies such as dollars, pounds, and euros.

The first cryptocurrency to be created was bitcoin, which was released in 2009 and has since become the best-known example of cryptos. Bitcoin and altcoins are innovative technologies, but they have also been associated with some undesirable activity, including illicit activities like cybercrime and tax evasion, as well as scams and investment frauds. At the moment of writing, there are 20,942 cryptocurrencies with a market capitalization of $1.06T, according to coinmarketcap.

The world of cryptocurrency is rapidly expanding, but this doesn't mean everyone starting a cryptocurrency project is good or honest with investors' money. Scammers have found new ways to trick people into giving them money without repercussions. Unfortunately, victims of cryptocurrency scams have few options for restitution as perpetrators evade authorities and hide their identities behind fake online accounts.

Cryptocurrency has become an investment vehicle for many people. Naturally, some people take advantage of this new technology to scam innocent people out of their money. Most scammers use social media platforms to lure in victims, with Meta being the chief platform used to perpetrate these evil acts. They pretend to be investors or traders and spread false rumors about specific cryptocurrencies. Those who fall for these tactics end up giving out sensitive financial information to complete scams.

One particularly dangerous scam involves a hacker posing as a bank and requesting personal information from customers. This information is then used to create fake IDs that scammers can use to buy cryptocurrencies with stolen money. After that, the scammers sell the digital coins and get away with stolen funds. These scammers often run away with millions of dollars worth of cryptocurrency. Many people lose money due to cryptocurrency scams and are left in serious debts that may take several years to pay off.

However, in most cases, it's difficult for investors to recognize a scam when it occurs. Because most fraudulent projects mimic successful ICOs with similar whitepapers and business plans. The creators often don't even use their names when planning their scams. They usually use fake social media accounts and web forums to communicate with potential victims. These fraudulent projects fail within a year due to shoddy programming and design choices.

An FTC Report released in June showed that since 2021, about 50% of people who have lost money to crypto scams claim to have originated from social media platforms. Meta's Instagram contributed 32% of reported scams, while Facebook and WhatsApp were cited in 26% and 9% of cases, respectively.

U.S. senators have asked Meta CEO Mark Zuckerberg to detail his company's policies to address rising crypto fraud cases on Facebook and Instagram. The Washington Post reported this on September 9. Lawmakers are calling for this after a recent Federal Trade Commission (FTC) report showed a significant increase in crypto scams on Meta's social media platform.

According to the publication by the Washington Post, Senator Robert Menendez said:

"Based on recent reports of scams on other media platforms and apps, we are concerned that Meta provides a breeding ground for cryptocurrency fraud that causes significant harm to consumers."

Lawmakers have instructed Meta CEO to provide a detailed report on how the company is crushing cryptocurrency scams and what it is doing to help scam victims. Mark Zuckerberg is directed to respond to the request by October 24, 2022.

For each of Meta's social media platforms, questions asked include how the company detects and removes crypto scammers, educates and warns users about crypto scams, and supports victims of fraudulent crypto schemes. The senators also questioned how Meta verifies that crypto ads are not scams and what regulatory clearances are required to advertise on its platform. Additionally, they asked how Meta works with law enforcement to track down scammers.

The U.S. authorities have warned that scammers are increasingly making use of social media to defraud investors. In August, the U.S. Securities and Exchange Commission (SEC) warned investors against scams that exploit fear of missing out (FOMO) on social media.

According to another FTC Report, more than 95,000 users lost about $770 million to crypto scams on social media. Over 70% of reported scams are classified as investment, romance, or online shopping scams.


Image source: Federal Trade Commission 

A 2021 BBC study found that around 10,500 victims lost more than $18 million to scam giveaways in the first three months of 2021. Most gift-giving scams are carried out by impersonating an influential figure like Elon Musk.

One victim reportedly lost over $550,000 in February 2021 after sending 10 BTC to the Elon Musk giveaway scam.

While several government agencies are busy making plans to safeguard citizens from crypto scams, you have to ensure you make due findings about an investment before injecting your funds into it. Without doing adequate research on the subject matter in question, you may have yourself to blame for it. 

Also, considering that governments have not been effective in combating these crimes, it's clear you have to be more watchful of what you invest your money into. As they say, "you get what you pay for" with cryptocurrencies and ICOs in general, so you should go out there and conduct thorough research on the best possible projects on the market today that can provide you with a real return on your investments.

 

ecosystem for entrepreneurs

 

About: Prince Chinwendu. (Nigeria) Rapid and sustainable human growth is my passion, and getting a life-changing opportunity into the hands of people is my calling. Empowering entrepreneurs provides me with enormous gratification. Find me at my Markethive Profile Page | My Twitter Account | and my LinkedIn Profile.

 

 

 

 

 

Tim Moseley

Gold price pounded to 2-plus-year low by economic worries bearish charts

Gold price pounded to 2-plus-year low by economic worries, bearish charts

Gold prices are sharply down and hit a nearly 2.5-year low in midday U.S. trading Thursday. Silver prices are also solidly lower. The precious metals are being hit by global economic worries that threaten to dent commercial and consumer demand for raw commodities, including the metals. October gold was last down $36.00 at $1,662.20 and December silver was down $0.324 at $19.245.

The marketplace was a bit calmer overnight and early this morning, but it appears recent hawkish monetary policy comments from central bank officials and noted market analysts have combined with hot inflation readings to quickly sap what little risk appetite had been seen earlier today. And remember, the stock and financial markets are at the time of year (September and October) where the going can get very tough. Gold and silver bulls remain frustrated that the risk aversion in the marketplace is not translating into more safe-haven demand for the two metals.

Traders are focusing on next week’s FOMC meeting, which is expected to see the Fed raise the key U.S. Fed funds rate by 0.75% in its effort to tamp down problematic price inflation. Precious metals traders are reckoning the tighter monetary policies of most of the major central banks of the world will further slow global economic growth that would in turn reduce consumer and commercial demand for metals.

Inflation triggered worst market sell-off since 2020, analyst predicts even more pain – John Feneck

Global stock markets were mostly slightly higher overnight. U.S. stock indexes are lower at midday.

The key outside markets today see Nymex crude oil prices solidly lower and trading around $85.50 a barrel. The U.S. dollar index is near steady in early U.S. trading. The yield on the 10-year U.S. Treasury note is fetching around 3.44%.

Technically, October gold futures prices hit a nearly 2.5-year low today. The gold futures bears have the solid overall near-term technical advantage and gained more power today. Bulls’ next upside price objective is to produce a close above solid resistance at $1,700.00. Bears' next near-term downside price objective is pushing futures prices below solid technical support at $1,600.00. First resistance is seen at $1,675.00 and then at $1,686.30. First support is seen at $1,650.00 and then at $1,635.00. Wyckoff's Market Rating: 1.5.

December silver futures bears have the firm overall near-term technical advantage. Silver bulls' next upside price objective is closing prices above solid technical resistance at $21.00. The next downside price objective for the bears is closing prices below solid support at $18.00. First resistance is seen at today’s high of $19.625 and then at $20.00. Next support is seen at $19.00 and then at this week’s low of $18.775. Wyckoff's Market Rating: 2.5.

December N.Y. copper closed down 380 points at 348.20 cents today. Prices closed nearer the session low today. The copper bears have the overall near-term technical advantage. Copper bulls' next upside price objective is pushing and closing prices above solid technical resistance at the August high of 378.35 cents. The next downside price objective for the bears is closing prices below solid technical support at the July low of 315.55 cents. First resistance is seen at 355.00 cents and then at this week’s high of 369.25 cents. First support is seen at the September low of 336.10 cents and then at 330.00 cents. Wyckoff's Market Rating: 3.0.

By Jim Wyckoff

For Kitco News

Time to buy Gold and Silver on the dips

Tim Moseley

Gold gains silver surges as USDX slumps

Gold gains, silver surges as USDX slumps

Gold is moderately higher and silver sharply up in midday U.S. trading Monday. The precious metals are supported by a depreciating U.S. dollar on the foreign exchange market. The U.S. dollar index is sharply lower today and hit a two-week low after last week posting a 20-year high. A dip in U.S. Treasury yields to start the trading week is also a positive for the precious metals markets. October gold was last up $14.00 at $1,733.00 and December silver was up $1.088 at $19.865.

 

U.S. stock indexes higher so far today. Stock and financial markets are almost half-way through the month of September with no major marketplace anxiety. The major U.S. stock indexes have seen short-term price downtrends stall out. History shows September and October can be rocky months for the stock and financial markets.

 

Traders and investors are awaiting the latest U.S. inflation report on Tuesday. The August consumer price index is seen coming in up 8.0%, year-on-year, compared to the July report showing an 8.5% rise. There are some signs in the economy that inflation in the U.S. is cooling off a bit.

 

Weak inflation will be key to a sustainable gold rally above $1,750

 

 

 

 

 

 

 

The other key outside market today sees Nymex crude oil prices higher and trading around $87.75 a barrel. The yield on the 10-year U.S. Treasury note is fetching 3.298%.

 

Technically,ctober gold futures bears still have the firm overall near-term technical advantage. However, a four-week-old downtrend on the daily bar chart is now in jeopardy. There is also the potential for a big and bullish double-bottom reversal pattern forming on the daily bar chart. Bulls’ next upside price objective is to produce a close above solid resistance at $1,769.30. Bears' next near-term downside price objective is pushing futures prices below solid technical support at the July low of $1,686.30. First resistance is seen at $1,740.00 and then at $1,750.00. First support is seen at today’s low of $1,712.70 and then at $1,700.00. Wyckoff's Market Rating: 2.5.

 

December silver futures prices hit a three-week high today. The silver bears have the overall near-term technical advantage. However, the bulls have momentum on their side to suggest a market bottom is in place. Silver bulls' next upside price objective is closing prices above solid technical resistance at $21.00. The next downside price objective for the bears is closing prices below solid support at $18.50. First resistance is seen at $20.00 and then at $20.50. Next support is seen at $19.50 and then at $19.00. Wyckoff's Market Rating: 3.5.

 

December N.Y. copper closed up 235 points at 359.10 cents today. Prices closed nearer the session high today on short covering. The copper bears have the overall near-term technical advantage. Copper bulls' next upside price objective is pushing and closing prices above solid technical resistance at the August high of 378.35 cents. The next downside price objective for the bears is closing prices below solid technical support at the July low of 315.55 cents. First resistance is seen at last week’s high of 362.85 cents and then at 365.00 cents. First support is seen at today’s low of 353.20 cents and then at 350.00 cents. Wyckoff's Market Rating: 3.5.

 

By Jim Wyckoff

For Kitco News

Time to buy Gold and Silver on the dips

Tim Moseley

To Wink or perhaps not to Wink

The majority of internet dating sites present the capability to send some flirty, noncommittal emails towards males you will find appealing. The most typical and suggestive of those could be the “wink.”

Whenever you decide to “wink” at a man, that guy are going to be informed how a woman picked him away and revealed fascination with him, assuming the guy opens up the “wink,” he’ll see you happened to be the one who sent it.

Understandably, sending a wink is actually popular activity among ladies utilizing online dating sites internet sites. But they are winks actually effective? Or will they be worse than a waste of time? Can sending a wink in fact ruin your chances with men?

Would males like winks?

Overall, guys like winks. They could not like a wink just as much as they prefer a genuine information from a lady, but a wink is better than receiving nothing from a female.

As a guy, navigating an on-line dating internet site actually much less perplexing or significantly less fraught with danger than finding your way through a proper globe singles planet (like a bar). Even with checking out a female’s online dating profile, there is genuine method to determine if she is going to be interested.

Guys can review a woman’s profile, feel just like they linked in a countless amount of important ways, deliver the lady an amazing information detailing these associations (without coming on too strong) nonetheless are not able to get a response from the lady. Because thereisn’ option to understand whether a female will discover a person attractive or otherwise not, each information the guy sends away is actually a gamble.

 

“By giving a wink, you attract a

guy to help make the very first strong action.”

And females on internet dating web pages get this to matter a whole lot worse because, typically, ladies never distribute most first emails on these systems. Nearly all women are way too active answering the flooding of messages they have received to expend a lot of time looking for brand-new men to talk to, and women have actually at least as numerous problems as men regarding marshaling with each other the nerve to actually send out an entire message to some body they look for attractive.

Winks can resolve a lot of these issues at the same time. A wink enables a woman to easily and quickly tell a guy she is enthusiastic about him without the need to fork out a lot of time and attention wanting to craft with each other a detailed information. When a guy obtains a wink from a woman, the guy finds out, beyond all worries, that she’s interested in him in which he can send this lady a note with full confidence.

Perform guys prefer an email?

Yes. Completely. Of course. A guy would a lot rather have you send him an entire message than a minimalist wink. But a man in addition would prefer to maybe you have deliver him a wink than nothing at all. As well as for a lot of women, “a wink or very little” correctly describes how they approach online dating.

Actually, males will in truth prefer a wink over a complete information. An internet wink sends alike indication as holding eye contact and all additional small signs you send out out to men within the real world letting them understand you anticipate their particular method.

By delivering a wink, you encourage a person to really make the basic daring move, and while it may appear to be an enormous over-generalization, a great amount of gents and ladies prefer this vibrant to the woman bringing the lead.

When you come across a nice-looking guy on line, go on and wink at him.

naughtyover40

Weak inflation will be key to a sustainable gold rally above 1750

Weak inflation will be key to a sustainable gold rally above $1,750

Some optimism is creeping back into the gold market as prices end the week in neutral territory, bouncing off support at $1,700 an ounce.

However, analysts are warning investors that economic data next week needs to be significantly weaker than expected if that optimism blossoms in a new breakout on the upside.

The main focus for gold investors next week will be two inflation data points: the U.S. Consumer Price Index on Tuesday and the preliminary inflation expectations from the University of Michigan. Also on tap next week is August U.S. retail sales, which will be an essential gauge to determine how consumers are holding up as the Federal Reserve aggressively raises interest rates.

"Significantly weaker economic data next week will continue to pressure the U.S. dollar, which is positive for gold," said Sean Lusk, co-director of commercial hedging with Walsh Trading.

Ed Moya, senior U.S. market analyst at OANDA, said that weak inflation could give gold a boost next week as it could help investors and markets start to define how high the Federal Reserve will take interest rates.

"If inflation drops, then there is a chance we might not see interest rates go much above 4.00%," he said. "If that happens, then maybe the U.S. dollar has peaked, providing some relief for gold."

However, Moya also said that a slight miss in the data might not be enough to shift fairly solid expectations for the Federal Reserve's next monetary policy decision later this month. Markets see a 90% chance that the Federal Reserve will raise interest rates by 75 basis points.

 

Analysts have said that if those expectations don't come down, gold's new-found optimism could vanish fairly quickly.

"If the Fed raises interest rates by only 50 basis points, this could give gold some momentum," said Christopher Vecchio, senior market analyst at DailyFX.com.

Lusk said that gold has the potential to push to $1,760 an ounce next week; however, he added that "bull markets need to be fed."

"Gold rallies are being sold and that won't change until we have a better understanding of where interest rates are going," he said.

Bullish sentiment points to a limited short squeeze for gold prices, not a new breakout

Inflation expectations

According to consensus estimates, economists see headline CPI falling 0.1% in August as gasoline and energy prices dropped last month. At the same time, core inflation, which excludes energy and food prices, is expected to rise 0.2%.

"If we're right and core CPI increases by a more muted 0.2% m/m, then a late switch to a 50bp hike would still be possible," said Paul Ashworth, chief U.S. economist at Capital Economics, said in a note Friday.

However, not everyone is convinced that disappointing inflation data will move the needle on interest rate hikes.

Daniel Ghali, senior commodity strategist at TD Securities, said that this past week at the Cato Institute's Annual Monetary Policy Conference, Fed Chair Jerome Powell highlighted the Federal Reserve's dual mandate of price stability and maximum employment.

"Tightness in the labor market is probably going to keep interest rates elevated for a longer period of time," he said. "Wage growth is at a level we haven't seen since the 1980 and this could lead to a deanchoring of inflation expectations and that is what the Fed fears."
 

Ghali said that although gold prices could go up next week, he expects its current downtrend to remain in place.

"A weak CPI data could create a short squeeze, but we don't see that as sustainable," he said.

He added that while the precious metal may have priced in the Fed's aggressive rate hike, it hasn't priced in the duration of higher interest rates.

"While gold prices may now have accurately captured the expected level of interest rates, they are not reflecting the implications of a sustained period of restrictive policy. In this context, money managers continue to sell their length, while ETF holdings of gold remain in a sustained downtrend," he said.

Next week's data

Tuesday: U.S. CPI

Wednesday: U.S. PPI

Thursday: Retail Sales, Empire State Survey, Philadelphia Federal Reserve Survey, unemployment claims

Friday: University of Michigan Consumer Sentiment

By Neils Christensen

For Kitco News

Time to buy Gold and Silver on the dips

Tim Moseley

The Artist that came out of the Winter