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An Insane – and Dangerous – Lesson in Economics

An Insane – and Dangerous – Lesson in Economics

by Andy Snyder, founder, Manward Financial Digest

 

An Insane - and Dangerous - Lesson in Economics

 

Andy Gets Sick in a Bookstore

We've got to stop going where we don't belong.

We spent some time on the campus of a major university this week.

With some time to burn, we figured we'd take a peek in the student bookstore. We wanted to see what the best and brightest are studying.

Holy smokes…

It left us tasting our lunch for a second time.

We thumbed through an economics book – the sort of stuff our graduate career was filled with.

This one must have been popular. It was promoted in a big display right at the end of an aisle.

Skimming the introduction, we saw what we'd feared might be there. Race, sexuality, and global warming were the buzzwords right up front. Money, the authors said, isn't as important as these issues. Our economic choices, therefore, must be weighted in their favor.

Oh boy. Here comes the welfare state.

 

Ignorance or Deceit?

Forget the dollar going where it's treated best. We apparently now must put it where it will be treated right, just, and fairly.

That's a big swing. And it's a recipe for mighty trouble.

If academia teaches anything but the fact that economics is entirely about self-interest and getting the most for the least, we're doing our students an incredible disservice.

Not only are we lying to them (in the name of silly politics), but we're setting them up for failure and dependency.

Take this recession debate we find ourselves mired in, for instance.

Since last December, we've said a recession would hit this year. Due to inflation, waning consumer savings, and peak employment, a downturn was inevitable.

It happened.

The American economy is smaller now than it was then.

There is no debating the numbers.

But many folks still argue against the idea. The reason is as scary as it is important.

 

Fueling the Gap

Wealth inequality, as many academics are oh so eager to point out, is greater today than at almost any time in American history.

The rich are getting richer, yes. But it's the dying middle class that's suffering the most.

 

 

Image – Share Aggregate Income

Source: Pew Research Center

 

It’s why the stock market can drop 20% – erasing trillions of dollars of wealth – and the political class can – rightly – say the majority of Americans aren’t feeling it.

Because so many citizens have failed to invest in the greatest wealth-generating machine in human history, our lawmakers (they aren’t leaders) can point to a jobs report filled with news of booming demand for workers who are willing to toil for $12 an hour… and claim economic victory.

But the undeniable truth is these folks are not better off, even if they can have their choice of entry-level, unskilled warehouse jobs.

The upper class is in a serious recession. But the vast majority of Americans are so insulated from it, that they don’t feel it.

The changing definition of mediocrity, we suppose, has its merits.

 

The Government “Solution”

Things get worse…

The book we thumbed through more than hinted at the power of the government. Reagan was wrong, it claimed. More government is better.

We just need a government the people trust, it said.

We chuckled at the naïveté. Then we cringed in fear that people actually believe such a thing is possible.

It’s tripe.

They believe that the path to economic equality, freedom, and self-preservation comes in the form of some supreme government that has not only all the answers but also an eagerness to dish them all out… without giving themselves just a little (or a lot) more.

That’s insanity.

History proves the notion is impossible. As the original sin in Eden illustrates, humans do not have the ability to govern without succumbing to corruption.

Just look at the news… and then read a history book (preferably one that’s been banned from a college campus).

 

Bring Back Sanity

If we want all those noble things so many folks are begging our keepers for, we need to not just understand the facts… but also take a strong reality check.

This world is tough – bordering on evil in many corners. We’ve seen it.

We can’t afford to gild the rules of the economy with gold that isn’t there. We need the truth.

We need to focus on independence, freedom from an all-powerful government, and the preservation of the self.

The rest will come on its own. We promise.

We didn’t have to finish the book to know how it ends.

If these agenda-driven scholars have their way, everybody will have less money… but the government will have more.

Sorry, but that never ends well.

Kids… don’t go to college.

Don’t feed those animals.

 


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

3 Things Most People Don’t Know About Gold Bitcoin and Money

3 Things Most People Don't Know About Gold, Bitcoin, and Money

by Nick Giambruno, International Man Communique

 

3 Things Most People Don't Know About Gold, Bitcoin, and Money

 

Bitcoin Has Been Likened To The Platypus…

The platypus is a strange duck-billed mammal with webbed feet and a furry body like a beaver. It has characteristics of birds, mammals, and reptiles. Females lay eggs but also nurse their young with milk. Males produce a potent venom.

When Europeans discovered the platypus in Australia in 1798, they wrote letters to folks at home to describe this bizarre new animal. People thought the platypus was a joke or a hoax—because it didn’t fit into the classification of animals at that time.

But it was a real animal.

People just didn’t understand it because it was a new thing that didn’t fit into the established paradigms.

Bitcoin is much the same. It doesn’t fit into the framework of traditional financial analysis metrics.

There is no P/E (price-to-earnings) ratio because Bitcoin has no earnings.

There is no P/B (price-to-book) ratio because Bitcoin has no book value.

Bitcoin has no CEO, no marketing department, and no employees.

Bitcoin is an entirely new asset people are adopting as money because of its superior monetary properties, namely its resistance to inflation.

The monetization of a new global money is genuinely unlike anything anyone alive has ever seen before. There is nothing else comparable.

Like the platypus, Bitcoin is an entirely new animal. That’s why Bitcoin confuses many people, including prominent investment professionals.

It’s not uncommon for it to take years for someone to really get Bitcoin. It requires an understanding of economic incentives, technology, cryptography, financial markets, and other fields.

But, by far, the most important way to understand Bitcoin is first to understand money, which anyone can do.

Fortunately, it no longer takes years to understand Bitcoin. There is a wonderful body of knowledge that connects the dots in a way that wasn’t available in the early years. I believe that anyone who does the homework to really understand Bitcoin will reap significant dividends in the future.

I think Bitcoin has revolutionary implications, as much or more than the printing press, the invention of gunpowder, the Internet, and other historical innovations that overturned established paradigms.

I’ll take you down the Bitcoin rabbit hole and show you where I think it goes.

It is essential to start with the basics as a sound foundation and build from there in understanding Bitcoin. Doing it any other way will likely end with confusion or faulty conclusions.

 

What Is Money?

Although people use money daily, few consider what it actually is or what makes for good money.

Asking people, "what is money?" is like asking a fish, "what is water?"

The fish probably doesn’t even notice the water unless it becomes polluted or something is wrong.

Money is a good, just like any other in an economy. And it isn’t a complex notion to grasp.

It doesn’t require you to understand convoluted math formulas and complicated theories—as the gatekeepers in academia, media, and government mislead many folks into believing.

Understanding money is intuitive and straightforward.

Money is simply something useful for storing and exchanging value. That’s it.

Think of money as a claim on human time. It’s like stored life or energy.

Unfortunately, today most of humanity thoughtlessly accepts whatever their government gives them as money. However, money does not need to come from the government. That’s a total misnomer that the average person has been hoodwinked into believing.

It would be similar to transporting yourself back in time and asking the average person in the Soviet Union, "Where do shoes come from?"

They would say, "Well, the government makes the shoes. Where else could they come from? Who else could make the shoes?"

It’s the same mentality here regarding money today—except it’s much more widespread.

The truth is money doesn’t need to come from the government any more than shoes do.

People have used stones, glass beads, salt, cattle, seashells, gold, silver, and other commodities as money at different times.

However, for over 2,500 years, gold has been mankind’s most enduring form of money.

Gold didn’t become money by accident or because some politicians decreed it. Instead, it became money because countless individuals throughout history and across many different civilizations subjectively came to the same conclusion: gold is money.

It resulted from a market process of people looking for the best way to store and exchange value.

So, why did they go to gold? What makes gold attractive as money?

Here’s why.

Gold has a set of unique characteristics that make it suitable as money.

Gold is durable, divisible, consistent, convenient, scarce, and most importantly, the "hardest" of all physical commodities.

In other words, gold is "hard to produce" relative to existing stockpiles and the one physical commodity most resistant to inflation of its supply. That’s what gives gold its monetary properties.

Bitcoin shares many of the same attributes as gold that make it attractive as money. That’s why it is often referred to as "digital gold."

Like gold, Bitcoin does not have counterparty risk, and nobody can arbitrarily inflate the supply.

At this point, some people might say, "wait, Bitcoin doesn’t have intrinsic value or industrial use. It’s more like fiat money. So how can it even be compared to gold?"

Before we go further, it’s important to make three clarifications to address common misunderstandings.

There is No Such Thing as Intrinsic Value

One of the first—and most important—things free-market Austrian economics teaches is that all value is subjective.

There is no such thing as inherent or intrinsic value.

Something only has value because individuals subjectively determine it has value to them.

For example, when people didn’t understand what crude oil was, they’d find it in their backyards and think it was waste. So they’d pay to have it removed from their property.

Later, once people understood the economic potential of crude oil, it was transformed from unwanted waste into a lucrative commodity.

The oil didn’t change; it was still the same oil. What changed was how people valued it.

Marxists differ in that they falsely believe that labor has inherent or intrinsic value. But this ridiculous notion is easily debunked.

The great economist Murray Rothbard explains this by asking people to try to make and sell mud pies—not chocolate desserts, but pies literally made of dirt.

According to the Marxists, the pies have objective and intrinsic value because of the labor someone put into making them. But good luck getting someone to pay for them voluntarily.

The concept that all value is subjective applies to all goods, including monetary goods like gold and Bitcoin.

 

Bitcoin is Not Fiat Money

Bitcoin is a free-market form of money.

Over 114 million people worldwide have subjectively determined that Bitcoin has value to them. They voluntarily chose to exchange other forms of value for Bitcoin. They did not choose Bitcoin because legal tender laws or government decrees forced them to, as they do for fiat money.

The Oxford English Dictionary defines fiat money as "inconvertible paper money made legal tender by a government decree."

Bitcoin is clearly not fiat money.

 

Industrial Use Doesn’t Make a Good Money

According to the latest annual data from the World Gold Council, total gold demand is broken down into the following uses: jewelry (55%), investment (25%), central banks (12%), and industrial (8%).

According to the latest annual data from The Silver Institute, total silver demand is broken down into the following uses: industrial (51%), jewelry (17%), investment (27%), silverware (4%), and hedging (1%).

Indians, Chinese, and other Asians account for a large portion of global gold jewelry demand. While there isn't any precise data, I estimate that many people also use gold jewelry as a store of value—a monetary use.

Putting it all together, I estimate that monetary uses are responsible for around 86% of gold’s demand. Industrial and non-monetary uses account for a relatively small part (14%).

Silver is the opposite. Industrial and non-monetary uses account for about 73% of its overall demand, with monetary use making up 27%.

Finally, Bitcoin is a purely monetary good; it has no industrial or non-monetary utility.

Some people incorrectly reason that Bitcoin can’t be good money because it doesn’t have any industrial use or non-monetary utility.

However, that is not needed to make something money. The use of something as money itself is sufficient for it to be money.

The fact that gold has some industrial use doesn’t give it its superior monetary properties.

People value gold as money primarily because it’s the one physical commodity most resistant to inflation—not because it’s used in dentistry, electronics, or other industries.

On the contrary, I’d argue that gold’s relatively small industrial uses do not enhance its monetary characteristics. If they did, then why aren’t metals with more industrial use—like copper or nickel—more desirable as money?

When it comes to money, I’m only interested in its ability to store and exchange value. I’m not interested in something whose value is hostage to the whims of ever-changing industrial conditions.

This is why industrial use is not a monetary benefit but, in fact, a potential detriment.

Here’s the bottom line.

Bitcoin is misunderstood by almost everyone. But that’s actually a huge blessing in disguise.

This information asymmetry gives us a rare chance to make smart speculations before the crowd figures out what is really happening.

However, historically, Bitcoin’s biggest moves to the upside happen very quickly…

That's why many miss out on making fortunes from Bitcoin… and live to regret it.

I think the next big move could happen imminently.

Those who simply buy Bitcoin should do well.

 


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

One of the Biggest Threats in the World Today

One of the Biggest Threats in the World Today

by Jeff Brown, editor, The Bleeding Edge

 

The China and Taiwan conflict.

 

Last week, Nancy Pelosi’s trip to Taiwan put the tensions in that region of the world back in the spotlight.

China and Taiwan sit within 200 kilometers of each other… And China has long claimed Taiwan as part of its territory despite Taiwan’s independent governance.

 

 

And there’s one critical reason this dispute should get everyone’s attention… Taiwan is the epicenter of the most advanced semiconductor manufacturing in the world.

Taiwan Semiconductor Manufacturing Company – abbreviated as TSMC produces the most advanced semiconductors in the world, working years in advance. It is the most important company on the planet, but very few people even know it exists.

If China were to take control of Taiwan, it would create a massive global crisis.

Taiwan-based chipmakers like TSMC are responsible for the semis in almost all of our electronics – from medical devices and home appliances to our cars and phones… and beyond.

This would give China the ability to control, alter, allocate, or completely stop the supply of key semiconductors in electronics that we use and need every day.

 

Military Protection Isn’t Enough

Now, some believe that Taiwan is fine. It's very hard to land there… We've got all of these military installments… China can't possibly breach Taiwan…

 

 

But when we think like a military strategist, we get a very different view:

 

 

A million troops versus Taiwan's 88,000. Destroyers – 32 versus 4. 1,600 fighters versus Taiwan's 400. And China has 450 bombers in attack planes, whereas Taiwan has zero.

That doesn't look too good…

But this is also a mistake.

The reality is that China is already there.

 

A Different Kind of Attack

China has been in Taiwan for decades. And they've been slowly building administrative control over Taiwan… just as they did for Hong Kong.

Hong Kong was handed over from the British to China. The move was already in the works for decades. Many were fearful of what might come once the handover was complete.

Ironically, they were correct in their concerns. But they were wrong about the timeframe. China took more than two decades to slowly and methodically take complete control. This is a slow, methodical process that continues to unfold today.

China is brilliant at playing the long game. So it's already happening in Taiwan whether we realize it or not.

It’s now just a matter of time until it asserts control. Any military presence will largely be just for show, and it will make for flashy headlines in the media.

But executives in the industry have known this, and they’ve been taking action.

Last year, Intel announced a new $20 billion investment in Arizona to build two semiconductor plants.

And at the start of this year, it said it’s making a $100 billion investment in Ohio – the heartland. They want to build the world's largest semiconductor manufacturing facility in cornfields.

This is not happening in Silicon Valley. This is extraordinary – and it’s the most exciting thing I've seen from Intel in a decade.

Likewise, Intel is also planning to build a $19 billion mega factory in Europe.

And Intel isn’t acting alone…

Samsung is planning to construct a $17 billion chip plant in Texas by 2024.

And returning to TSMC – it’s in the process of building a $12 billion in Arizona.

Why is TSMC building in the United States? Why would they do that?

Because they're scared that they're going to be taken over when China asserts control. They have to diversify their supply chain. They've got to bring its manufacturing onto soil where they know they can keep producing semiconductors and then ship them elsewhere.

It's a serious problem. It’s also why TSMC is in discussions to build a multibillion-dollar manufacturing plant in Singapore, and another in Japan.

Another company, Micron, is looking to spend as much as $40 billion in either Arizona or Texas.

ON Semiconductor, GlobalFoundries, and Akoustis – among others – are likewise making moves to expand and upgrade their facilities.

And the good news is that these semiconductor companies are finally getting some legislative support…

 

Incentivizing the Right Behavior

Policy and legislation are finally moving in the right direction on this subject.

Both the House and the Senate approved the CHIPS Act at the end of July. This will be a boon for U.S. manufacturing, as it offers great incentives for expansion and research.

This bill is long overdue. As we’ve just seen, the global architecture for manufacturing has been shifting from centralized to decentralized for years now, and the pace is picking up.

The cost advantages of manufacturing in mainland China have narrowed. And the importance of secure supply chains for critical components has never been better understood than it is today.

And the CHIPS Act isn’t the only potential legislation to move us in the right direction…

Another group of policymakers has proposed the FABS Act, which would offer tax credits for constructing and upgrading semiconductor manufacturing equipment. This is actually smart legislation – and it incentivizes the right behavior.

But the key point is, that all of those announcements – for the investment I mentioned above – happened before the government offered up anything.

The industry has been on top of this for the last decade.

China still poses a big threat to Taiwan – and through it, a threat to the world.

But as we can see, the industry – and now the government – isn’t sitting on its heels. We’re going to see more announcements of new fabs in the U.S. and around the world in the near future.

While it will take time for the industry to adjust to this new dynamic and build out the necessary infrastructure, we’re on the right track.

And in the meantime, the money flowing toward the semiconductor industry will prime a number of our investments in this space going forward…

 


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

Ethereum 20 and the Merge: What You Need to Know About the Transition

Ethereum 2.0 and the Merge: What You Need to Know About the Transition.

The Ethereum Merge has been one of the hottest topics in the cryptocurrency community lately. In this article, you will get to know about it and when Ethereum 2.0 will appear. Ethereum, the most popular altcoin and second most traded cryptocurrency, is planning a major software update that could affect your crypto investments.

After years of being the #1 smart contract blockchain, Ethereum is transitioning to a less energy-intensive technology. You may have heard of the planned update for Ethereum 2.0 or Eth 2.0, but the Ethereum Foundation is now calling it the Ethereum merger.

The move is expected to reduce Ethereum's power consumption by 99% while reducing the net issuance of the asset. Many expect the issuance of ETH to be a net negative, earning it the nickname "ultrasound currency."

The following focuses on the details of the merger, some brief technical details, and a timeline, and debunks some of the most common misconceptions.

What is The Merge?

As mentioned above, "The Merge" describes Ethereum's transition from a proof-of-work consensus algorithm to a proof-of-stake algorithm.

Ethereum gives a precise definition of the term here:

"The Merge represents the joining of the existing execution layer of Ethereum (the mainnet we use today) with its new proof-of-stake consensus layer – the Beacon Chain."

 

Source: Ethereum.org

This is to handle the energy-intensive mining process while securing the network with staked ETH. The move aims to ensure greater security, sustainability, and scalability for the Ethereum network.

Let's dig deeper into the technical aspects for greater clarity and understanding.

Beacon Chain: ETH 2.0 Processing Engine

The Beacon Chain is the important feature of the Ethereum 2.0 architecture. It exists and operates in parallel as an independent blockchain of the Ethereum network. It does not process transactions on the main network but achieves consensus on its own. This is done by agreeing on active checkers and their account balances.

Unlike the Ethereum network, which still operates through proof-of-work, the signal chain is powered by a consensus algorithm. It was developed on December 1, 2020.

In short, the Beacon Chain has so far served as the de facto testnet for Ethereum 2.0, but all of this will change with the merger.

As shown in the diagram above, the merger represents the moment when two systems (Ethereum mainnet currently running on PoW and the beacon chain running on PoS) come together. This merge will replace the PoW consensus algorithm with Proof-of-Stake (PoS).

This holds up some substantial implications for the network, but the crucial considerations include:

  • No history will be lost
  • Funds are safe
  • No more mining of ETH

When Will the Merge Happen?

It's worth noting that Ethereum 2.0 has been in development for years, and the exact date of the "merger" always looks like something might happen in the not-too-distant future.

All of the delays ended on July 14, 2022, when a member of the Ethereum Foundation shared a timeline showing what came to be known as a "soft" timetable for the merger.

The Superphiz timeline shared on Twitter includes a specific client release date and the so-called The Merge date. Despite the date, Superphiz also stated that "this merger timeline is not final," The developer stressed that people should "consider it as a planning timeline, and keep an eye out for any official announcements. The call, titled "PoS Implementers' Conference Call" Document #91 – 2022-07-14" states that the "proposed" timeline for discussion is as follows:

  • Goerli/Prater client releases 27th or 28th of July.
  • Announce 28th/29th.
  • Prater Bellatrix on the 8th of August
  • Goerli Merge on the 11th.
  • ACD 18th August plan mainnet Merge:
  • Bellatrix early September;
  • Merge two weeks later (week of Sept 19th).

As shown above, the merger is scheduled to take place on September 19, 2022, barring unforeseen events, including "the Goerli merger won't blow up." That date is not set in stone, though; delays may occur if complications arise.

Get Ready for The Merge?

This is one of the most significant events in the entire history of the cryptocurrency industry, so many bad actors will likely try to take advantage of it and scam innocent people.

Hence, it is essential to know that ETH users and holders do not need to do anything with their funds or wallets before merging.

The entire history of Ethereum – dating back to its creation, will remain unchanged and intact after the transition to PoS. Even after the merger, all funds in the wallet will still be accessible, and there is no need to upgrade on behalf of users and holders. 

Moreover, as part of the preparation for regular traders, it’s imperative to know that you are not expected to take any action for the upgrade. Beware of scammers who would want to rip you off your coins.

Ethereum Network After the Merge

One of the major promises of Ethereum 2.0 is that of scalability, and Vitalik Buterin claimed that the network would be able to process 100,000 transactions per second. However, The Merge is just the first stage of five from the protocol’s incoming development. These phases will see ETH 2.0 evolve into a full-fledged platform capable of handling millions of daily users.

It means there will be many more potential uses for the cryptocurrency than just smart contracts, like an app store or even gambling sites. If the Ethereum developers want ETH 2.0 to become one of the significant blockchains used worldwide, they need to ensure that the tech is scalable enough to handle all the projects on their roadmap.

The five developmental stages are as follows:

The Merge
This is the proof-of-work to proof-of-stake conversion discussed hereafter, merging Ethereum's current mainnet with the beacon chain.

The Surge
At this stage, this is what sharding brings to the protocol. A scaling solution divides the network into separate partitions called "shards" to spread workloads across the main network.

The Verge
This phase refers to the introduction of the so-called "Verkle tree." It includes an upgrade to Merkle Proofs designed to optimize data storage for Ethereum nodes.

The Purge 
Also, this upgrade affects validator data storage and reduces the disk space required by validators, optimizing network congestion.

The Splurge
This is the last upgrade in the pipeline and is intended to provide various progress updates to ensure the network's overall smooth operation.

Misconceptions About the ETH 2.0

As with all highly anticipated major events, the cryptocurrency community has had many common misconceptions floating around for some time now. Below are five of the most common.

It needs to stake 32 ETH to run a node
There are two kinds of nodes on the Ethereum network – the ones that can propose blocks and those that cannot. Those not required to commit ETH do not propose blocks, but they are also an integral part of network security, as they hold all block proposers accountable.

Gas fees will be reduced after the merger
The merger will change the general consensus algorithm and will not increase network capacity – and, therefore, will not result in lower gas tariffs. However, scaling solutions are being developed to do this, most of which are layer 2.

Transaction speed will be greatly improved
Transaction speeds on the merged mainnet will remain relatively unchanged, albeit with some minor changes.

Consolidation will cause downtime for the entire network
Merge upgrades are designed to avoid downtime. The network should always behave as expected except for minor issues, which are usual with software installation.

All staked ETH will be withdrawn after the transition
Validators leaving the network are rate limited. This is for security reasons. There is a limit to allow withdrawals of around 43,200 ETH per day. As of this writing, more than 13 million ETH has been staked in ETH 2.0.

Summary 

All in all, The Merge is undoubtedly one of the most important moments in the history of cryptocurrencies, as one of the greatest protocols is about to undergo a huge change. Now that the timetable is in place, all of this has been tightened considerably, albeit "softly." However, there are still many details we don't know yet, and no doubt they will be revealed in due course, so it's best not to get too excited or nervous yet.

 

 

 

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

MARKETHIVE THRIVES – Announcements Forthcoming

MARKETHIVE THRIVES – Announcements Forthcoming

Markethive will soon make history with the impending wallet release and the cessation of the Entrepreneur One (E1) upgrade subscription to new members. The current E1s will continue as usual and receive one-tenth or 0.1 ILP every year when completing 12 consecutive monthly payments per year. 

Acquiring the ILP entitles you to 20% of Markethive’s net revenue per month. You are considered an early adopter and shareholder in the company, which is the first of its kind to integrate blockchain technology and cryptocurrency micropayments, thereby creating an ecosystem for the entrepreneur.  

In other words, Markethive is not just a social media site where people gather. It’s not just an inbound marketing or broadcasting platform where the marketer or creative pays for its services. Blockchain and cryptocurrency have enabled Markethive to offer its users many opportunities to create an income, the most lucrative being the ILP. 

By upgrading to Entrepreneur One, not only are you supporting and assisting in building the monolithic project of a Web 3 Social Market Media, you are essentially the venture capitalists. You are the organic element in Markethive, the Ecosystem for Entrepreneurs, and creating a legacy financially for yourself and your loved ones. 

As an incentive and because the Entrepreneur One upgrade will end soon, all who upgrade and maintain their monthly subscription for 12 months this year will receive a half or 0.5 ILP. 

The Premium Upgrade will also launch once the wallet is released, with many benefits for Markethive members. It increases your earning potential and allows you to monetize the initiatives Markethive has implemented. Click here to preview the features of the Premium Upgrade.

Watch this video of Thomas Prendergast, the CEO of Markethive, explaining in depth the benefits of the E1 upgrade and the opportunity of the ILP as he crunches the numbers. Markethive is a Divine Vision of our Lord, Jesus Christ, and Tom’s mission to bring it to ‘we the people” so that we may enjoy financial sovereignty, freedom of speech, liberty, and peace of mind in this uncertain world. 

The Entrepreneur One ILP special offer, features, and benefits are detailed in this article. The Entrepreneur One ILP Special 

About The Wallet

The Markethive Wallet, as detailed in this article, is now on the Solana Blockchain and is currently being BETA tested on the Markethive Development Site. The image below demonstrates a behind-the-scenes look at the blockchain working and transferring our token to a Solana wallet. The next step is to delegate a chosen BETA group of members who are Entrepreneur Ones to transact (send and receive) the coin via a Solana wallet. 

These people will promote Hivecoin (HVC) by asking their contacts to receive a chosen amount of coins, essentially sending the coin back and forth to people who accept your offer. These people can be users of Bitcoin Forum, Reddit, Telegram, or any site that you are affiliated with. The goal is to create transactional activity in the thousands.

It’s important to be active on the sites mentioned above, as the next step will be engaging five coin exchanges to list HVC on their platforms. The exchanges will do their due diligence and see that Markethive ranks very high in traffic, which will bode well for listing the coin, so it’s critical to have as much interest and activity as possible. 

Being listed on five coin exchanges is significant as it helps create stabilization and equilibrium, whereby a Moving Average or Mean can be calculated.  Moving averages are typically shown as a line on a chart, showing a mean of a previous set of periods. Because they are the mean (or average) of the data, they help to show the general trend and can then be used to map the direction of the coin visually. 

About Markethive’s Coin

The current Markethive Token (MHV) has a total supply of 8.8 billion and is only used internally. As we move forward, our cryptocurrency coin, HIVECOIN, will be the coin of Markethive that will be traded on the open market in crypto exchanges. The coin will replace the Markethive Token and have a total supply of 45 million. A much more realistic figure for the coin’s price action, supply, and demand.  

Phase one of the wallet is about to be released with a new vault and processor. The new hub will produce the new Markethive Credit, replacing the old Markethive Coin used internally. The Markethive Credit can be used to purchase the many services in Markethive and will also have a new staking advantage.

We are not staking the old Markethive Coin, as that is considered a violation of federal regulations that continue to evolve; however, there are ways around it. Our new Markethive Credit is not considered a Security as it can only be transacted one way. You can buy it within Markethive, but you can’t sell it on exchanges.   

You buy Markethive Credits to purchase services and for the purpose of staking, where you receive monthly interest on any given amount. There will also be significant incentives for all members to buy the new Markethive Credits. 

 

Wrap Up

Markethive has a fully operational inbound marketing system and social interface that is being uniquely enhanced with the new dashboard while simultaneously concentrating on the crypto side of things to get our coin up and running on the open market.  

So, it is almost “all systems go,” and you could help by supporting Markethive to expedite this humongous undertaking, not owned by the elite but by “we the people” so that every individual has a safe haven online. 

Make sure you upgrade to Entrepreneur One before the opportunity ends, and remember that you get a bonus of 0.5 ILP this year for the full 12 months. The Entrepreneur One opportunity for new members ends when the wallet is released.

Be sure to come to the meeting on Sunday at 10 am MST to hear the latest updates. You’ll find the link to the meeting room in the Markethive calendar. And stay tuned; the Markethive wallet is about to be announced. Praise the Lord! 

 

 

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

Markethive’s Premium Platform Explained

Markethive’s Premium Platform Explained

Entrepreneur One To Be Phased Out – Premium Upgrade To be Phased In 

As Markethive moves forward, our Entrepreneur One Loyalty upgrade (the ultimate loyalty program for Markethive’s early adopters) will be phased out and unavailable to new members. However, this makes way for our next phase, the Premium Upgrade, which is in preparation for launch and will be released about the same time the Markethive wallet is integrated. 

Currently, the Entrepreneur One Upgrade (E1) is still available to new members. There will be a countdown ticker badge of 30 days placed on the Markethive home page for you to view, giving you ample notification of its cessation to new members. 

There is also a moratorium for canceled or lapsed E1 accounts, starting simultaneously with the countdown badge. This allows former Entrepreneur One members to resume their membership as though they never left. The months that lapsed will be compressed to show a continuation of a paid year to date. 

Once this 30-day period has ended, the wallet and Premium Upgrade will be released. We have a lot going on now; it’s thrilling that Markethive is coming out of BETA with this launch. The innovative visions and tireless work of the Founders’ are coming to fruition for all of us. 

Premium Upgrade Illustrated 

The Premium Upgrade will include everything stated below. This is the first and basic draft, so there might be a few additions and may be subject to change, but this is primarily the features.  

1. The first is the large wallet transfer/transactions. There's no limit for the Entrepreneur One member; however, the Premium Upgrade will be the second-largest wallet transfer. So the number of MHV coins you can transfer out with this wallet will be substantial. 

2.  You will enjoy a matching bonus when you refer new members, just like Entrepreneur One has a matching bonus. This consists of a 100% matching bonus on the first three that sign up with you, which is 50% more than a free member, and then 25% on each subsequent sign-up for the duration of your active membership.

For example, if the new sign-up airdrop is 100 MHV, you will get 25 coins for as long as you are active in the Premium Upgrade. 

3. You get the entire inbound marketing system. All the features and functions will be available, except for the email broadcasting system, which is limited. You can email your associates (sign-ups) and your group members, but not your friends you have accumulated on Markethive; that is only available to Entrepreneur One associates. 

4. You will have access to total data on the first 16 visitors. This includes their other social media accounts, phone number, and email address. This means you'll get access to the first 16 people who visit your Markethive profile and be able to see who they are. You can contact and reach out to them because they are obviously interested in you, as they came to see you.

5. Access to a friend’s “Friends List” gives you access to your friends’ list, similar to LinkedIn and Facebook.

6.  Automatic video and blog posts to the news feed. Coming very soon is the four different types of newsfeed that are four different types of feeds. As a Premium Upgrade, you will have access to the first three.

  1. First is the general newsfeed, similar to a Twitter/Facebook feed.
  2. The second is the blogging system, which will display your blogs in that feed. 
  3. The third is the video feed, where you can upload organic videos to the Markethive Video Channel and your videos from 3rd party video platforms. All the videos you upload will be shown in your video newsfeed. 
  4. The fourth newsfeed is the curation newsfeed limited to Entrepreneur One members only. 

7. Increased Limits On your Video Uploads. Notably, with YouTube, you need to be qualified to be able to upload unlimited videos. If you do not pass their qualifications, they limit the size of your video uploads. As an Apprentice Upgrade, there is no limit to the size, length, or number of videos you can upload.

8. 10% Discounts on Services, such as Press Releases, Banner Impressions rebate, Boost, Video Ads, etc. E1s get more discounts; however, free members must negotiate with either Entrepreneur One or Premium level and pay them to acquire any of these services or purchase them at full price from Markethive, the company.     

9. Upgrade activities interest (staking) on the Vault.  As a Premium Upgrade, you will receive an increase in micropayments for all your activities in Markethive. Plus, any Markethive Credits you hold in the Vault will be paid interest. 

10. KYC (Know Your Customer). All Premium level and Entrepreneur One associates will have a blue verification checkmark on their profile. So your KYC verification steps will be a lot easier to do as an upgrade than they would be if you were a free member.

11. Newsfeed Rich Text Formatting. You will be able to highlight with bold, italics, or underline in your newsfeeds as a Premium Upgrade. This makes your posts stand out a lot more. 

12. Fully Functioning Storefronts. It is also known as Groups but with the added advantage of monetizing it with capture pages, custom Splash pages, videos, co-ops, shopping carts, etc. You create a complete campaign with a capture page that lands on the splash page built into the group. Essentially, this is a Storefront where people can visit and buy your products listed via your shopping cart.

So you can essentially turn your group into a landing page that allows you to communicate with those in that storefront group, much like a forum. It really is an innovation that takes the whole thing and turns it into a turnkey Marketing System.

A free membership gets the group, but you’re getting a storefront when you upgrade to Premium or Entrepreneur One.

13. Group/Storefront posts in profile feed option.  So whenever you post in your group newsfeed, you have the opportunity to post into your profile feed automatically.

14. Full Video Channel System is a complete YouTube-like video system where followers, friends, and associates can subscribe to your channel. They can comment on your videos, and all the features on YouTube will also be in the myhive.tube video system. 

The other great thing about the entire video channel system is that as an Upgrade, the system will ask if you have accounts on other video platforms whenever you upload your video. (e.g., YouTube, Vimeo, Daily Motion, Facebook, Twitter) You'll be able to link to all of these 3rd party video platforms. 

So you upload your videos into Markethive, which will also upload your thumbnail to those videos and remotely publish out to all the other video accounts you may have so you get extensive video distribution.

It’s worth noting that when videos are posted on another platform, only a snippet of the video can be viewed. Users will be directed back to the Markethive platform to watch the whole video. This is a huge advantage considering YouTube’s predilection to censorship.

15. Full Conference Room Channel. All members will have access to Markethive’s free conference rooms; however, they will be limited according to your membership level. Free members will have two seats (you and a guest). Premium will have ten seats, and the Entrepreneur One Upgrade will have unlimited seats.  

Our conference room system is integrated into inbound marketing, calendars, and timers, making it a very sophisticated system.

16. Bookmark Newsfeed Management. If there are posts in the news feed that you like or want to remember, you will be able to bookmark them if you’re going to reference them again, creating easy access to them in the future. 

17. Self Deleting Posts (Set timer option) Like Snapchat, you will be able to send a message to someone or make a post, then set a timer for it to self-delete. This is an excellent option if you have a time-sensitive message or post. 

18. Send Messages to anyone in Markethive. (Limited to ? per month) The number of people you can message is still yet to be determined. However, as an upgrade, you will be able to message any member, no matter their level. You can send a message to them if you see their profile page or a post they did. 

Once this feature is in place, nobody else can send messages to anybody unless their first-level friends.

19. Markethive sub ROKU Channel. Markethive already has a Roku Channel, and we can build Roku sub-channels into it. What this means is, as a Premium or E1, you will be able to have your own sub-channel, which will be named, yourusername.markethive.  

So when you upload a video into Markethive, you can designate to upload it as well to your Roku sub-channel. 

Premium Platform Plan Proposal

So there you have it. This is an impressive menu of options for the Premium Upgrade, which can be paid in part using MHV along with BTC or credit/debit card. The subscription prices are not set in stone as yet; however, a mock-up of the various plan options proposal is pictured below. The MHV is based on the value of one penny in the image. However, the coin price will fluctuate when listed on the exchanges, so the amount of MHV will be adjusted accordingly. 

**Note that the Markethive coin (MHV) will be renamed to Hivecoin (HVC) once we list it on coin exchanges. The total coin supply will be drastically reduced, which will only benefit the coin's price. 

 

 

Markethive built this system to lift you up financially while giving you a mighty broadcasting Social Network. Our foundation is built upon the precept that freedom and liberty are very much at the forefront and our main product. Upgrading to Premium Level gives you additional leverage and greater power to broadcast your message while supporting our mission to lift up the entrepreneurial spirit found in all of us. 

 

Still Time To Secure Your Entrepreneur One Upgrade

And of course, there is still time to upgrade to the ultimate loyalty program, The Entrepreneur One, for US$100 per month, which includes a 1/10th ILP after 12 months of consecutive payments. Essentially you have shares in the company! This is a golden opportunity; think of the Web 2.0 social media platforms like Facebook et al., when they were looking for funding; they engaged affluent Venture Capitalists. The difference here is you are the VCs without needing the capital, and you will reap the rewards as Markethive becomes the next tech giant of Web 3.0. 

Finally…

Stay up to date with the progress by attending the Markethive meetings on Sundays at 10 am Mountain Time. Come with us as we make our way through the final stages of BETA, where the full potential of Markethive will be realized, creating more leverage, opportunities, and the ability for you to achieve your personal and professional goals. The link to the meeting room can be accessed in the Markethive calendar. 

 

 ecosystem for entrepreneurs
 

 

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

Solana Premier NFT Marketplace: Magic Eden Launches a Web3 Gaming Investment Arm

Solana Premier NFT Marketplace: Magic Eden Launches a Web3 Gaming Investment Arm

Magic Eden, the most significant non-fungible token (NFT) marketplace on the Solana Blockchain, has launched an investment arm to support the Web3 gaming industry. The new entity, Magic Ventures, will invest in Web3 game developers and infrastructure builders, Magic Eden said in announcing the news on Tuesday 12th July. The company believes that gaming has the potential to bring millions of users to the blockchain. Tony Zhao, a former key member of Tencent Games, has been appointed as the head of game investment.

Jack Lu, co-founder, and CEO of Magic Eden said in the statement:

"The gaming world is a massive market that has just started to venture into the world of Web 3. We intend to deepen our relationships with both gamers and game developers alike to champion the future of games on the blockchain."

The company said that the creation of Magic Ventures and the appointment of Tony Zhao as head of gaming investments would enable Magic Eden to invest in promising games and gaming infrastructure that will fuel the growth of Web 3 gaming.

Tony Zhao will also be joined by Yoonsup Choi, Harrison Chang, and Matt Biamonte. They all deeply understand Web 3 gaming from their respective professional gaming and esports backgrounds. Yoonsup Choi and Harrison Chang are former League of Legends and Fortnite players, while Biamonte both launched NFT projects individually.

"By hiring Tony, Harrison, Yoon, and Matt, we are building a solid foundation on which we can continue to work with exciting innovators in the Web 3 gaming ecosystem. Eden Games is a rapidly growing company in our company sector. We look forward to continuing its growth,"  added Jack Lu, commenting on the new addition to the Magic Ventures team.

Magic Ventures has already made some investments and is planning more, Zhao said, but would not disclose which projects or startups it has invested in. He added that there is no set number in terms of the total dollar amount invested in projects, and the typical investment size is "pretty small" given the strategic nature.

"We're not here to fund the entire development [of games]," he said. "Our value-add is not capital—it's all of these infrastructure solutions and an NFT experience that no one else in the market can provide."

Web3 and Game Innovator Joins Together 

Along with the venture capital arm, Magic Eden's Eden Games division announced that it has entered into agreements with the makers of several Solana games, including Aurory, Mini Royale: Nations, and Genopets, to operate an in-game NFT marketplace. Once launched, players will be able to buy and sell NFTs in any game without having to travel to an external marketplace. It is designed to provide a seamless process for gamers, especially those unfamiliar with crypto wallets and self-custody assets. Zhao said that the infrastructure is available to developers, so they don't have to build integrations from scratch.

NFTs are blockchain tokens representing ownership of items such as art, collectibles, and interactive video game items. In games, NFTs can represent things like unique weapon designs, character avatars, and customizable virtual lots. As mentioned earlier, Magic Eden recently became a crypto unicorn with a valuation of over $1 billion. The company raised $130 million last month at a $1.6 billion valuation just nine months after the startup was founded.

The NFT marketplace plans to support more blockchain platforms beyond Solana in the future, although no specific chains have been announced.

Image source: Magic Eden

Magic Eden Joins in NFT Pursuit

Magic Eden's growing focus on Web3 gaming puts it in direct competition with Fractal, Solana's gaming-centric NFT marketplace co-founded by Justin Kan and co-founder of video game streaming platform Twitch. Fractal only focuses on interactive game assets, while Magic Eden also supports avatars and other types of NFT assets.

Zhao said that both Magic Eden and Fractal are focused on growing the Web3 gaming space. However, he believes Magic Eden offers a broader suite of solutions to launch and support Solana-based games and says the results boost his confidence.

He said, 

"We all want to expand the ecosystem. For game developers, we show them the data, right? It's up to them to decide who ends up choosing. The results tell developers that there are good reasons to work with us instead of Fractal."

Benefits of Launching NFT Marketplace on Solana

Solana is an open source decentralized blockchain that uses an innovative hybrid consensus model that enables swift transactions. Many digital content creators, investors, and entrepreneurs flock to Solana to create and showcase NFTs. The Solana blockchain enables a fully decentralized on-chain experience, while the Solana NFT standard and minting process provide creators with the highest level of customizability. Let's take a look at some of the business benefits of launching an NFT Marketplace on Solana.

Transactions per Second

The Solana blockchain is an ultra-fast blockchain that can process 710,000 transactions in 400 milliseconds and help transactions go through the market without delay. The average network latency for a bitcoin transaction today is between 12 to 15 seconds and takes about 10 minutes to verify on Ethereum.

Solana's block time is less than 1 second, which makes it one of the fastest decentralized networks available today! With the rapid increase in blockchain adoption and usage over the past few years, the need for faster and more efficient blockchain solutions is growing exponentially. It will continue to do so in the future as blockchain technology continues to mature and become increasingly mainstream.

Cost per Transaction

The Solana blockchain's high throughput and low transaction fees of $0.00025 make it the perfect solution for developing NFTs and NFT marketplaces of all shapes and sizes. The cost to create an item is also lower than other blockchains, making it a viable platform for developers needing quick and cheap development solutions while being able to scale easily with the platform's rising popularity.

No Memory Issues

Solana blockchain does not have mempool issues. The mempool is the waiting area for processed transactions waiting to be accepted. The result is an instant trade on the market. Solana does not have any of these problems that affect others who use Ethereum and are experiencing delays and high fees from the blockchains' inability to process the large volume of transactions in a short amount of time.

Expand the Ecosystem

The Solana ecosystem is expanding, which helps to handle large numbers of dapps and smart contracts and support more coins without network congestion. To do this, Solana added a second pool to handle all transactions, with an extra layer of security and redundancy for when the first pool goes down for maintenance or other reasons, which can happen very frequently during normal operation. This will also allow them to scale up further in the future as the community needs, without worrying about running out of capacity in the system as it grows each year exponentially!

Easy to Program

Solana blockchain is based on Rust software, which is easier to program and build different applications. This makes Solana a flexible platform for building NFT marketplaces, dapps, and more. Build your own preferred NFT marketplace on Solana and start earning with exemplary Solana NFT development services from the industry-leading Solana NFT marketplace development company.

Conclusion

The Solana NFT market is booming. The NFT marketplace and Solana blockchain impact today with their evolving advanced features and capabilities. From concept to design to delivery, Solana and the NFT market have seen significant growth in the market. The Solana network has been tested and debugged. It has grown from a prototype of an idea into a fully functional product used by hundreds of businesses worldwide today. Delivering on its promises of the best experience for all users across every device, platform, and browser, all in one place, and most importantly, on-chain! Solana will continue to focus on building the most extraordinary ecosystem on the planet as we look ahead to future releases.

 

 

 

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

The Climate Maniacs

The Climate Maniacs

by Lew Rockwell, lewrockwell.com

 

The Climate Maniacs

 

A Strange New Argument?

Brain-dead Biden and the gang that controls him are promoting an argument that is strange even by the low standards of that criminal gang. “It’s hot outside. Let’s shut down the American economy and go green.” It doesn’t make sense, and its purpose is to kill people and destroy America in the process.

If the temperature goes up, is this good or bad? As Matt Ridley points out, on balance it’s very good: “Global warming is real. It is also – so far – mostly beneficial. This startling fact is kept from the public by a determined effort on the part of alarmists and their media allies who are determined to use the language of crisis and emergency. The goal of Net Zero emissions in the UK by 2050 is controversial enough as a policy because of the pain it is causing. But what if that pain is all to prevent something that is not doing net harm?

The biggest benefit of emissions is global greening, the increase year after year of green vegetation on the land surface of the planet. Forests grow more thickly, grasslands more richly and scrub more rapidly. This has been measured using satellites and on-the-ground recording of plant-growth rates. It is happening in all habitats, from tundra to rainforest. In the four decades since 1982, as Bjorn Lomborg points out, NASA data show that global greening has added 618,000 square kilometres of extra green leaves each year, equivalent to three Great Britains. You read that right: every year there’s more greenery on the planet to the extent of three Britains. I bet Greta Thunberg did not tell you that.

The cause of this greening? Although tree planting, natural reforestation, slightly longer growing seasons and a bit more rain all contribute, the big cause is something else. All studies agree that by far the largest contributor to global greening – responsible for roughly half the effect – is the extra carbon dioxide in the air. In 40 years, the proportion of the atmosphere that is CO2 has gone from 0.034 per cent to 0.041 per cent. That may seem a small change but, with more ‘food’ in the air, plants don’t need to lose as much water through their pores (‘stomata’) to acquire a given amount of carbon. So dry areas, like the Sahel region of Africa, are seeing some of the biggest improvements in greenery. Since this is one of the poorest places on the planet, it is good news that there is more food for people, goats and wildlife.

 

Global Greening…Better Bury It…

But because good news is no news, green pressure groups and environmental correspondents in the media prefer to ignore global greening. Astonishingly, it merited no mentions on the BBC’s recent Green Planet series, despite the name. Or, if it is mentioned, the media point to studies suggesting greening may soon cease. These studies are based on questionable models, not data (because data show the effect continuing at the same pace). On the very few occasions when the BBC has mentioned global greening it is always accompanied by a health warning in case any viewer might glimpse a silver lining to climate change – for example, ‘extra foliage helps slow climate change, but researchers warn this will be offset by rising temperatures’.

Another bit of good news is on deaths. We’re against them, right? A recent study shows that rising temperatures have resulted in half a million fewer deaths in Britain over the past two decades. That is because cold weather kills about ’20 times as many people as hot weather’, according to the study, which analyses ‘over 74million deaths in 384 locations across 13 countries’. This is especially true in a temperate place like Britain, where summer days are rarely hot enough to kill. So global warming and the unrelated phenomenon of urban warming relative to rural areas, caused by the retention of heat by buildings plus energy use, are both preventing premature deaths on a huge scale.

Surely this will change in the future? Probably not. Britain would have to get much, much hotter for summer mortality to start exceeding winter deaths. Not even Greece manages that. And the statistics show that – as greenhouse-gas theory predicts – on the whole more warming is happening in cold places, in cold seasons and at cold times of day. So winter nighttime temperatures in the global north are rising much faster than summer daytime temperatures in the tropics.

Summer temperatures in the US are changing at half the rate of winter temperatures and daytimes are warming 20 per cent slower than nighttimes. A similar pattern is seen in most countries. Tropical nations are mostly experiencing very slow, almost undetectable daytime warming (outside cities), while Arctic nations are seeing quite rapid change, especially in winter and at night. Alarmists love to talk about polar amplification of average climate change, but they usually omit its inevitable flip side: that tropical temperatures (where most poor people live) are changing more slowly than the average.”

Brain-dead Biden says that we should respond to this good news by destroying the American economy through the Green New Deal. According to Joel Kotkin, “‘The interesting thing about the Green New Deal is it wasn’t originally a climate thing at all… ‘Do you guys think of it as a climate thing? Because we really think of it as a how-do-you-change-the-entire-economy thing.’ So said Saikat Chakrabarti, former chief of staff for Alexandria Ocasio-Cortez, and generally acknowledged author of the Green New Deal.

Sometimes it is wise to find out what ideas’ originators actually think. That is true for documents that have lit up our lives, such as the US Constitution, as well as for those that have darkened them, such as Mein Kampf.

 

There's More Than One Way To Destroy An Economy!

This is true as well for the nascent Green New Deal, which President Joe Biden has essentially adopted as his own. Even if Congress fails to pass it entirely, Biden will seek to impose many of its goals through administrative diktats on gas-powered cars, land use, airplanes, any form of fossil fuel and nuclear power. Green New Dealers will also extend the welfare state, including to those who choose not to work.

As Chakrabarti indicated, the Green New Deal is not another environmental ameliorative, but something far more fundamentally transformative. The Biden administration’s embrace of it is somewhat surprising given that the likely economic fallout of this plan – particularly for the working class – made both Biden and House speaker Nancy Pelosi distance themselves from it during the fall campaign. But now the Green New Deal has resurfaced, having made the metamorphosis from a leftist fantasy into a serious political initiative.

Remarkably, despite this record of distortion, climate hysteria has become the abiding faith of the dominant media, universities and a large swath of the corporate establishment, particularly on Wall Street and in Silicon Valley. Some have even embraced the hardly capitalist notion of degrowth, an ideology which suggests, in essence, the Western working and middle classes must sacrifice comfort and aspiration to save the planet. (Often at the urging of the world’s wealthiest people, with their grand estates and private jets!)

Although most industrial unions backed Biden, the first clear victims of his embrace of the Green New Deal are obvious: people working in energy and fields that depend on reliable and affordable energy, such as oil workers, truck drivers, factory and logistics workers. For example, a move to ban fracking – which vice-president Kamala Harris has supported – would, according to a US Chamber of Commerce report, cost several million jobs. This will be made much worse by the green turn against nuclear power and natural gas, notes long-time environmentalist Ted Nordhaus.

Under the Green New Deal, displaced workers will be placed on the dole, or encouraged to take a job in the ‘green economy’. Yet these jobs, notes a recent Building Trades Union study, pay far worse, and are less likely to last long or be unionised, than those in the conventional energy industry. ‘It’s pie-in-the-sky bullshit about these green jobs being good middle-class jobs, because they’re not’, said Terry O’Sullivan, general president of the Laborers’ International Union of North America, in conversation with Politico. ‘I’m concerned about union members and union families being left behind… and I think they’ve already been left behind.’”

 

So What Is The Real Plan?

Why do they want to do these horrible things to us? It’s part of the same plan as the deadly Covid vaccines to kill a large part of the world’s population and control what remains. Gary Barnett offers a good summary of their agenda:

“As of late, and after a global assault on humanity that is unmatched in history, expansion of the ‘reset’ (takeover) of society is ramping up to epoch proportions. With this will come an onslaught of claimed monsters to frighten the masses into even more panic; the leading one before and after the ‘Covid’ hoax is complete, will likely remain the ridiculously named fraud called man-made ‘climate change.’  In fact, this has already begun, but will vastly escalate over the next few months and beyond in my opinion. At some point, ‘climate change’ will likely be disclosed as the core issue at hand so far as those wishing to gain total control of the masses are concerned, replacing in importance in effect, the other fraudulent tools of tyranny such as ‘virus pandemics,’ but not eliminating them as part of the conspiracy of depopulation and control.

This scenario has been planned and played out for decades, but is now getting into a very advanced stage in this plot to alter life as we have known it; relegating humanity to a two-tiered societal shift that consists of a controlling class sometimes referred to as the global ‘elites,’ and a slave class made up of the masses. This is meant to culminate with the master class of claimed elites imposing a technocratic hierarchy so extreme as to eliminate freedom of the individual entirely. To accomplish this, it is required that collectivism of the majority be the prevailing manner of ‘thought’ and politics, and that individuality be destroyed in favor of a communistic approach. So describes the postmodern mindset that has consumed the so-called intellectual left for some time, but unfortunately, it is not specific or unique to just the left today, but filters into the thinking of the ruling class of all political levels of thought. Therefore, the façade of right and left being political opposites is exposed as a lie, but this truth is generally avoided at all cost, and this attitude allows for radical totalitarian policies to flourish. Hence, critical thinking, truth, honesty, logic, and reason, disappear from view to be replaced by mass ignorance and indifference. Because of this great paradigm shift in societal reality, we are left to either fend off at all costs this assault by the state, or simply accept our slavery voluntarily.

In the midst of ‘Covid’ insanity, the agenda of ‘climate change’ is first and foremost on the minds of the globalists. In fact, this fake pandemic is being used (as purposely planned) to advance that agenda, and as stated by Klaus Schwab and the World Economic Forum: ‘Climate action must stay top of the global agenda as we emerge from COVID-19.’ According to these monsters, ‘climate change’ is the real threat, and this ‘pandemic’ is ‘laying the groundwork for the efforts required to tackle climate change.’ In addition, the climate and ‘Covid-19’ are considered to be completely interconnected and a convergence of crises.

The United Nations is parroting this same line of propaganda in saying that in the midst of the Covid-19 pandemic, our challenges are interconnected and can only be addressed through reinvigorated multilateralism with the UN at the center of our efforts. They have pledged to strengthen global governance for the sake of present and coming generations. The UN’s Secretary General stated that: “The Covid-19 pandemic has served as a wake-up call and with the climate crisis now looming, the world is experiencing its biggest shared test since the Second world War.”

The fraudulent ‘virus pandemic’ has led the way to the future’s real and most major agenda being sought by the globalists, which is climate change legislation and mandated climate policy used to destroy the economic and monetary systems, to destroy farming and agriculture, to eliminate the individual, and to reshape the world into a complete technocratically controlled global society that will solidify the completion of the 2030 Agenda.

 

It's Up To Us…

While this may seem like the end of the so-called crisis to some, it is only the beginning of hell on earth. The next few months will tell the tale, as every manner of tyranny possible will be attempted, and the citizens responses to this assault on humanity will be gauged in order to see just how far and how fast this takeover plot can be driven.”

I am an optimist. I believe the American people will awaken to the danger and oust these monsters before it’s too late. But it all depends on you.

 


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 through the democratization of 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 for example will be releasing 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

Report Reveals Market’s Pain In First Half Of 2022 Some Crypto Ecosystems Continue To Thrive

Report Reveals Market’s Pain In First Half Of 2022. Some Crypto Ecosystems Continue To Thrive

The first half of 2022 was painful for the crypto market. This is mainly because of the events during the second quarter, such as Terra’s collapse and Three Arrows Capital’s insolvency. A recent report produced by the popular crypto price-tracking site Coin Gecko has examined precisely what happened during this chaotic second quarter and how it could affect cryptocurrency in the remaining half of this year. 

The following is some background about this report, summarizing what it says in simple terms and what it could mean for the crypto market going forward. 

The report begins with a note from Coin Geckos founders where they talked about how crypto lost more than half of its market cap during Q2 and how this was due to a combination of macro factors and Terra’s collapse. The founders also mention Three Arrows Capital and how its insolvency took down crypto platforms exposed to it, like Voyager Digital, and noted the gradual decline in the NFT market.

On a more positive note, the founders point out that many crypto ecosystems continue to thrive, despite the bear market. They note that most of the leverage has been flushed out by the recent crashes and that many crypto companies and projects, including Coin Gecko, continue to operate as usual. 

The Market Landscape

The first part of the report provides an overview of the crypto market. As mentioned in the report’s introduction, crypto lost nearly 56% of its market cap during the second quarter of this year and was 70% down from its November highs. Interestingly, trading volume during the second quarter was essentially the same as the first quarter, suggesting the same pool of traders and investors has stuck around since that time. 

The authors then turn to the market dominance of the top 30 cryptocurrencies. Market dominance refers to how much of the total market cap comes from a single cryptocurrency. BTC’s dominance remains the same, while Ethereum fell significantly in June. 

ETH’s decline may have something to do with the news that Ethereum developers had delayed Ethereum's “difficulty bomb,” which was interpreted by ETH investors as a sign that Ethereum’s merge to proof of stake was also delayed.

Another noteworthy thing in the report was that Bitfinex’s exchange token, Leo, was the only cryptocurrency that didn't end up in the red during the second quarter of this year. Some exchange tokens such as Binance have seen exponential growth, particularly in the last bull market. 

Because of token utility and perks that exchanges can offer traders, and because they use trading fees to buy back and burn their native tokens, often causing their prices to rise artificially, they’re holding their own in the current bear market. 

In the matter of the market cap of stablecoins, nearly $39 billion were lost as a result of Terra’s collapse. Tether’s USDT lost 20% of its market cap, with circle’s USDC picking up most of the slack. The report suggests that this is evidence that investors were cashing out of crypto completely during Q2. 

The analysts found that the top 30 cryptocurrencies by market cap strongly correlate to the S&P 500 stock index, stating that the correlation was high at 0.92, which increased from 0.72 in Q1 of 2021. They highlight that crypto assets’ correlation with traditional markets is not surprising given the perceived risky nature and suggest that stocks were the primary drivers of crypto prices in Q2. 

The authors provide an infographic of a timeline of the significant events in crypto during the second quarter of this year and include many important milestones for crypto. Such as Solana NFT launch, STEPN banned in China, Harmony Bridge hack, Grayscale’s ETF application denied by the SEC, Coinbase added to Fortune 500, and so on. 

Bitcoin Analysis

The second part of the report provides an analysis of Bitcoin that shows how BTC briefly fell below its previous bull market top of 20K in June. It recorded nine consecutive weeks of being in the red. Notably, the broader equity market also fell at the same time, which dragged Bitcoin along with it. 

Meanwhile, Bitcoin's hash rate only continues to climb and even managed to set an all-time high on June 8th of this year, despite the downward trend. For those who don't know, Bitcoin’s hash rate measures how much computing power is connected to the Bitcoin blockchain. 

Bitcoin vs. Major Asset Classes

When comparing BTC to other major assets, the authors found that the only ones that saw any gains were oil and the US dollar. In comparison to the Q2 of 2021 return of oil at 22% and USD at -1% rose by 7% during Q2. The possible reasons are the current constricted oil supply and rising interest rates. It might also have something to do with the US dollar being backed by oil.

Interestingly, Bitcoin has simulated the behavior of US equities dipping in unison whenever the Federal Reserve announced a rate hike. The report states that the correlation between Bitcoin and other equities has been on an upward trend as the year progresses. Whether this trend will capitulate as we enter a recession has yet to be determined.

Ethereum Analysis

The third part of the report analyzes Ethereum and starts with an even scarier chart that shows how ETH fell by nearly 70% during Q2. The authors attribute this crash to Lido finance’s staked ETH token, notably its use in Terra’s now-defunct anchor protocol. Also, its use by alien crypto platforms like Celsius and its exposure to failed hedge funds, like Three Arrows Capital. 

Next, the authors provide an updated timeline for Ethereum, transitioning from proof of work to proof of stake, which is already a bit outdated but puts the merge in Q3 this year, which is technically correct. 

Interestingly, the authors found that the amount of ETH staked on Ethereum’s Beacon chain peaked at around 11% of ETH's total Supply. The authors also note that Lido Finance remains ETH's most significant single staker at over 32%. Then the authors show how much lido Finance’s staked ETH token deviated from its peg relative to ETH. But it's important to note that the peg was quickly restored after Ethereum developers confirmed a tentative date for the merge. 

The Aftermath Of Terra’s Collapse

The fourth part of the report provides some perspective on Terra’s collapse. It starts with UST’s disastrous de-pegging from $1 to $0. It had a $1.8 billion market cap at its peak and fell to a mere $807 million at the end of June. The de-pegging event resulted in a 99% drop in value, with UST hitting lows of $0.007 since rebounding to $0.05.  

The report referenced Jump Crypto, a crypto trading and VC firm heavily involved in the Terra ecosystem and rumored to have lost a lot of money defending UST’s peg. 

The UST de-pegging had a domino effect causing LUNA’s painful implosion from $120 down to zero. The authors also note that LUNA’s supply increased by a whopping 1.9 million% before Terra’s validators turned off the mint and burn mechanism.  

The report shows a detailed timeline of Terra’s collapse, but interestingly, it doesn’t mention the alleged attack on the 4pool on Curve Finance that occurred after the Terra team withdrew UST liquidity, the exact timing of which was not publicly known. 

Investigations by on-chain analytics platforms such as Chain Analysis suggest that this alleged attack caused UST's initial de-pegging. This is something that each subsequent investigation found was exacerbated by Celsius withdrawing massive amounts of UST from the Anchor Protocol out of caution. 

The authors of this crypto report seem to blame Terra’s collapse on the broader crypto market conditions, which also played a role. 

More Domino Effects 

The report displays an excellent infographic about the second-order effects of Terra’s collapse. On the left side, you have all the institutions which invested in Terra, including Jump Crypto. On the top left are the crypto projects and platforms exposed to Terra, such as Celsius. And on the bottom left are all the different stablecoins that were de-pegged. 

The right side shows Three Arrows Capital which was, of course, exposed to Terra, and on the top are all the different crypto projects and platforms exposed to 3AC. On the bottom right, you have all the crypto companies exposed to 3AC. The authors then provide more details about how Celsius, BlockFi, and Voyager Digital were affected by Terra's collapse and 3AC’s insolvency. 


 

Defi Analysis

The fifth part of the report analyzes the decentralized finance ecosystem. It starts with another unsurprising chart showing how the total Defi market cap fell by nearly 75% during the second quarter of this year, a crash mainly caused by Terra’s collapse. 

However, they don’t state which cryptos they count as part of their Defi market cap measure, but the silver lining to this gloomy statistic is that Defi managed to retain most of its users, with a decline of only a third. It stated there were multiple instances in Q2 where the need for Defi truly shined. 

What's fascinating is that the authors found that users flocked to decentralized exchanges when centralized exchanges were having issues with LUNA and UST. And users flocked to Defi protocols after Celsius paused withdrawals. In both events, where centralized entities failed, users have converged to enjoy Defi’s permissionless nature. 

They then reveal the different Defi categories, their share of the Defi market, and how much they dropped during Q2. Unfortunately, the authors don't provide specifics about individual Defi projects. The main takeaway seems to be that DEX's are the most significant slice of the Defi pie at 44%. 

Non-Fungible Tokens (NFTs) Analysis 

The sixth part of the report provides an analysis of the NFT ecosystem, and it starts by shedding the spotlight on the massive decline in NFT trading volume since the start of the year.

The authors note that Solana, the latest contender to challenge Ethereum for the NFT crown, and BNB are becoming popular NFT chains because of STEPN; however, China’s ban on STEPN may put a dent into BNB’s numbers. 

The authors found that even though OpenSea is still the biggest NFT marketplace by trading volume, its dominance is declining due to new competitors like Magic Eden, an NFT marketplace on Solana. 

Some would argue that OpenSea’s decline is less due to competition and more due to the platform's controversial actions, such as freezing NFTs and blocking users in sanctioned countries. 

Regarding NFT trends, the authors believe that NFT investors are moving away from move-to-earn and silly NFTs with no utility and moving towards NFT profile pictures and NFTs that are actual art like those found on art blocks. 

This part of the report concludes by focusing on Solana's NFT ecosystem stating that OpenSea and Magic Eden have forged a gateway into the Solana ecosystem. They noted that despite the NFT market’s decline due to bearish macroeconomic conditions, Solana has been chipping away at Ethereum’s NFT Market share. 

Crypto Exchanges In A Sweet Spot

The seventh part of the report provides an analysis of cryptocurrency exchanges. It starts with a surprising statistic: trading volumes on centralized and decentralized exchanges only fell by 11% during Q2. The authors note that centralized exchanges are beginning to increase their dominance despite all the risks associated with centralized crypto platforms. 

This could be because traders and investors are using centralized exchanges to cash out. Alternatively, this increase in dominance could be coming from the fact that some exchanges like Binance recently slashed trading fees, which would explain why Binance's dominance increased significantly during Q2. 

FTX's dominance also doubled during this period, but the authors note that “no one can compete with Binance as they have grown their market share to capture almost 50% of the entire market.” 

By contrast, OKX and Crypto.com’s dominance decreased by 50% each. The authors note that Uniswap dominates the DEX market accounting for 60% of total DEX trading volume. They also note that Curve Finance’s trading volume increased significantly during Q2, likely due to both collapsed USTC pools and the flight to stablecoins. Curve Finance is a stablecoin DEX. 

Also, DEXs on Solana and BNB have increased or maintained their market share, signifying actual market activity on chains other than Ethereum. 

Traders’ Shy Away From Speculation

The authors examine derivatives such as Futures Trading, which involves speculating on the future price of a particular coin or token, often with leverage, in other words, debt. They look at funding rates which is how much money traders put down to cover their long or short positions. 

Interestingly, they note that crypto's recent choppy price action has put traders off from speculation, leading to more conservative stances on Bitcoin's direction, which is good news for crypto market volatility. 

The authors end the report by examining the assets under management for Grayscale’s Bitcoin Trust and the Proshares Bitcoin Futures ETF, which was approved in October last year. 

The authors note that the assets under management for both institutional investment vehicles collapsed by more than 50% alongside BTC’s price, which isn't surprising. They also note that the GBTC discount fell below 30% after the SEC rejected Grayscale’s Spot Bitcoin ETF application. 

What Does This Mean For Crypto?

So the big question is, what do the findings of this report mean for the crypto market? If cryptos' current price action didn't make it clear enough, the massive purge we saw in Q2 has set the stage for a severe recovery rally, which we’re in, arguably. 

However, it's only a matter of time before the markets realize that all the macro factors which caused the recent crypto crashes haven't been resolved, and this could take crypto to new lows. 

You could argue that crypto hasn't seen peak capitulation, not just because many institutional investors like Kevin O'Leary believe that we haven't seen total panic yet. The millionaire investor says, “crypto markets need to hit total panic before revival.”

O'Leary thinks that the market bottom will be marked by “total panic,” at which point weak companies with “idiot managers” will be weeded out, and the industry can continue to grow. He added,

“It’s unfortunate that these companies have gone to zero, but you end up with much stronger species.”

It’s also indicated in the report that although crypto prices have taken a beating, the number of daily defi users has remained relatively stable by comparison. Also, trading volumes have barely budged, and Bitcoin’s hash rate continued to climb even while BTC’s price crashed. 

If what we saw over the last half year had indeed been the market bottom, then it stands to reason that all these metrics would have fallen by much more. For example, the Bitcoin hash rate fell by nearly 50% in previous bear markets but was only 10% off the most recent hash rate highs. 

Not only that, but consider that only two entities exposed to Terra and Three Arrows Capital have collapsed. As the infographic shows, there were nearly two dozen exposed entities, and we're still getting news about some of these running into serious trouble. And that’s apart from all the cryptos that 3AC could soon sell. 

If you're wondering when the current recovery rally could end, some posit mid to late September, when Ethereum’s merge is expected to occur. It’s also when the Federal Reserve will return from its summer holiday with what's likely to be a fresh rate hike to fight inflation. 

Cointelegraph points out that the current ETH rally could be a bull trap with the macroeconomic clouds darkening. A bull trap indicates that a declining trend in a crypto asset has reversed and is heading upward when it will actually continue downward.

With Autumn nearing in many parts of the world, people could start to face skyrocketing energy costs in anticipation of oil and gas shortages over the winter, something that would almost certainly damage assets across the board, such as oil, gas, and the US dollar. 

It’s still risky days ahead given the macroeconomic factors at play, so hang on to your hats and brave the storm. As the saying goes, “No pain, No gain.” The one constant is change, and I believe all these factors are contributing to a more robust, healthier cryptocurrency industry where genuine projects and communities will flourish. 

 

 

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.

 

 

 

 

 

This information is provided for informational purposes only. Nothing herein shall be construed as financial, legal, or tax advice.

 

 

Tim Moseley

The CHIPS Act Is Setting a New Stage for EVs

The CHIPS Act Is Setting a New Stage for EVs

by Jason Bodner, editorOutlier Investor

I was chatting with an old friend of mine earlier this week. He started a company called Stray Dogs Classics.

With chip shortages making new cars hard to get your hands on and used car prices up even higher than new (percentage-wise), he found an opportunity.

He has been importing classic Land Rovers into the U.S. And they’ve been selling like hot cakes. These rovers look like – and are – classic safari vehicles.

1994 Land Rover Discovery 1 300TDI

The CHIPS Act Is Setting a New Stage for EVs

Source: Stray Dog Classics

The cars are reliable as hell… and don’t have a single semiconductor in them.

This is just one example of how the chip shortages are putting a strain on the U.S. auto industry. People are now turning to companies like Stray Dogs for a solution.

And that’s not all… I was helping my mother-in-law shop for a new car last week, and we stumbled across the Audi dealership.

So many of those Audis were beautiful, with leather seats, touch screen displays, and so forth.

But we kept noticing they didn’t have power seats or any of the lane assistance technology we see in commercials.

Audi’s solution to the semiconductor shortage was to cut those “bonus” features – in exchange for a $2,000 dealer credit to make up for not having the options.

These are just two anecdotes to show how the chip shortages are still causing issues for the auto industry.

The good news is, this might not be a problem for much longer.

 

More Semiconductors Are Coming Soon

Yesterday, the Senate passed the CHIPS (Creating Helpful Incentives to Produce Semiconductors for America) Act of 2022. This $280 billion bill will boost the semiconductor industry in a number of ways.

The bill now heads to the House and – assuming it passes there as well – will promptly land on Joe Biden’s desk for his signature.

The CHIPS Act will provide $39 billion for semiconductor manufacturing expansion within the U.S. Another $10 billion is marked for semiconductor research.

This also includes $24 billion in tax credits until 2026 for companies’ investments in the semiconductor manufacturing space.

Overall, the bill aims to spur on the production and innovation in this very critical technology.

And with the CHIPS bill boosting the U.S. semiconductor industry, we might just see a turnaround in the auto industry sooner than expected.

And it’s not a moment too late…

 

More Chips Will Add Fuel to the EV Boom

The auto industry desperately needs more semiconductors… especially because we just hit an important milestone.

The U.S. electric vehicle (EV) market just surpassed 5% of new vehicle sales this year.

Crossing this 5% threshold is an important feat. Historically, tech analysts use the 5% threshold as a signal that mass adoption of a new technology is beginning.

Analysts look at this as the period when consumers’ technological preferences begin to rapidly shift. It’s the point when early adopters of the tech are overtaken by mainstream demand.

Before this threshold, sales, demand, and growth are unpredictable. Afterward, adoption and demand rapidly accelerate.

Infrastructure begins going into place. In this case, necessary equipment like charging stations become more common, and vehicle costs decrease.

If the U.S. follows the same pattern as 18 other countries that have already hit this 5% threshold, then we should expect 25% of new car sales to be EVs by 2025.

That might sound like a crazy number of EVs. But green initiatives and high prices at the gas pump are pushing demand for EVs higher than ever before.

And the EV industry is putting immense pressure on chip makers to produce more. We’re not just talking about EV giants like Tesla either. Ford, Chevy, GM, Toyota, Honda, VW, Hyundai, and more all have EVs out now or in the pipeline.

And now with the CHIPS Act making its way through legislative channels, we might see an end to the semiconductor shortage… and the biggest EV boom in history.

 

How to Capitalize

We have an incredible opportunity to invest in an industry that’s been beaten down for the last year. The semiconductor industry has suffered downgrades, neon shortages from the war in Ukraine, and supply chain pinches.

The VanEck Semiconductor ETF tracks the performance of the semiconductor industry, and it’s down 27% in 2022 alone.

That means the VanEck Semiconductor ETF is priced at a huge discount right now.

VanEck tracks the top 25 companies in the semiconductor industry. And it holds names such as Intel (INTC), NVIDIA (NVDA), Broadcom (AVGO), and Taiwan Semiconductor Manufacturing Company (TSM).

These companies are developing new manufacturing facilities to meet increasing world demand. And most are even setting up new shops right here in the U.S.

And as the EV boom really gets underway, these companies are going to see more demand than ever before in the coming years. That’s a big tailwind…

Growth is right around the corner for a number of these companies and the overall semiconductor industry… which means savvy investors should consider adding at least a small position to this sector in the near future before things really take off.

 


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 through the democratization of 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 for example will be releasing 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