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Has gold found a bottom or is it a momentary lull of selling pressure?

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Has gold found a bottom or is it a momentary lull of selling pressure?

For the time in the last seven trading sessions, gold closed above its daily opening price and higher than the previous day’s closing price. However, there was no strong upside move, no higher high than the previous day, and no clear indication that the recent selling pressure has concluded. Rather it seems that market participants are waiting to see what the next two key reports will indicate about inflation and jobs.

The first key report will occur tomorrow when the U.S. Labor Department will release the nonfarm payroll jobs report for June. This will be followed next week by the latest inflationary numbers when the BEA will release the CPI (Consumer Price Index) for last month. Market participants are anticipating the certainty that the Federal Reserve will raise interest rates once again this month.

However, the current debate revolves around whether or not the fed will implement another 75 basis point rate hike as they did in June, or soften their aggressive stance by only raising rates by 50 basis points. The key takeaway is that regardless of what the jobs and inflation report reveal the Federal Reserve will continue to batten down the hatches as they have since March.

According to the CME’s FedWatch tool, there is no debate. This is because the FedWatch tool is predicting that there is a 93.9% probability that the Fed will continue its aggressive stance to fight inflation with back-to-back rate hikes of ¾%.

The Federal Reserve has shifted its focus from its dual mandate of maximum employment and inflation at a target range of 2%. Recent Federal Reserve FOMC statements and minutes clearly illustrate that the Federal Reserve is laser-focused on reducing inflation, with the clear understanding that the aggressive rate hikes will lead to an economic contraction and reduction in the labor force.

It is this stance that analysts and market participants have been concerned about as they fear it will lead to economic uncertainty resulting in a recession. The latest consensus is expected to show that job growth is still robust but contracting. The anticipation is that this report will indicate that approximately 272,000 new jobs were added last month and that the unemployment rate will remain steady at 3.6%.

On Wednesday, July 13 the BEA will release the most recent data on inflation. If the most recent inflationary data from Europe is any indication of what next week’s CPI report will reveal we can expect to see that inflationary pressures continue to run hot with a possible uptick when compared to the prior month.

The most recent economic data indicates that the United States economy has deteriorated with consumer confidence moving dramatically lower. But it is also clear that the Federal Reserve will remain steadfast in its determination to reduce inflation from its current elevated levels and 40-year highs, and as such will continue to raise rates this month and in September.

Based on the extremely high probability that the Federal Reserve will enact a second consecutive rate hike of 75 basis points at the end of this month, it is certainly a plausible assumption that the recent selling pressure in gold has not concluded.
 

By Gary Wagner

Contributing to kitco.com

Time to buy Gold and Silver on the dips

 

Tim Moseley

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スマホ・携帯にも対応、日本語対応のオンラインカジノ紹介 ジパングカジノ

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ジパングカジノの評判は？イカサマの噂も徹底検証してみた

決済方法最低出金額最高出金額ecoPayz20ドル10,000ドル＋その月の入金額Paytra31ドル10,000ドル＋その月の入金額出金可能な条件が揃っていれば、出金はとても簡単です。 日本のプレイヤーにとって、入出金のスピードと手軽さという点でペイトラとジパング系列のカジノの組み合わせは最適だと言って間違いありません。 つまり、入金した金額と同額程度をいずれかのゲームでベットした後でないと出金することができないということです。 また、ジパングカジノでは禁止ゲームや除外ゲームを設定していますが、これらのは獲得したボーナスによって異なります。 ジパングカジノは日本マーケットで初めて24時間日本語サポートを提供したことで知られており、ユーザービリティを重視しているのがわかります。 ジパングカジノでは4つの初回入金ボーナスを用意しており、プレイヤーは以下から好きなものを1つ選ぶことができます。

「初めてオンラインカジノをプレイするならジパングカジノ！」と言っても過言ではない！ 本記事でもいくつか言及した通り、ジパングカジノの大きな魅力はボーナスです。 他のオンラインカジノでは見られないような独自性のあるボーナスも多数用意しています。 特に多く見られるのがボーナスの有効期限が24時間しかないため、出金がほぼ不可能であるということです。 「これまでは難なく出金できたのに、突然ジパングカジノから出金できなくなった」というような口コミを見かけることがあります。 それは決して、悪質な出金拒否を食らっているわけではありません。

また、2006年から2019年までのGLIのよるペイアウト率テストの結果がジパングカジノサイト内で公表されています。 Zipangcasinoのライセンスはフィリピンライセンスです。 プレイテック社はマイクロゲーミングに並ぶゲームプロバイダ業界のトップ３に入る大企業です。 ロンドン株式市場にも上場しているのでコンプライアンスもしっかりしています。

手続き完了までは、確認メールを受け取ってから最速で２営業日かかります。 以上のように、ジパングカジノでは安全性やセキュリティに対し相当な措置を講じているので、ユーザーが安心してプレイできるようになっています。 また、公平なゲームを提供するために、 RNG 乱数生成機能をソフトウェアに使用していることで、ゲーム結果が100%ランダムであることを保証しています。

24時間以内に使い切るという制限時間もあるので、かなりの額をゲームで利用規約を守りながら使い切る必要があります。 さらに出金条件も20倍や30倍、60倍など厳しいものも存在するためボーナスの出金条件を達成するのは容易ではありません。 コンプポイントは10ドルのベットにつき1ポイント貯まっていき、95ポイントで1ドルの現金に交換可能です。

ボーナス保有時に、上記のゲームを一度でもベットした場合、条件を完全にクリアしても、残念ながらボーナスは出金することができません。 ジパングカジノで利用できる出金手段も、入金手段と同じくエコペイズとペイトラのみ（2021年現在）となっています。 ペイトラの場合、お昼の12時までに出金申請をすれば原則必ず当日中に出金されるので、迅速な出金をお望みの方はぜひペイトラを選択するのがオススメです。 ペイトラの爆速出金サービスと合わせれば、ジパングカジノの勝利金が手元の銀行口座に届くまで1日もかからないと非常にストレスフリーな出金をご体感いただけます。 使用方法は簡単、入金後に公式サイトの「オンラインサポート」ボタンをクリックして、使用したいボーナスをチャット欄に入力するだけ。 初回入金ボーナスは、ボーナスの25％以上を使用してベットすることはできません。

・CherryCasino.comはいかなる時でも当該利用規約を変更できる権利を有します。 ※チェリーカジノから公式アナウンスの利用規約ですが、正確には公式チェリーカジノよりご確認を推奨致します。 ジパング カジノ 入金 不要 ボーナス 条件 本オファーを使用した最高勝利金額は最大$100(10000円)です。 カジノ攻略 分離型 ボーナス 一体型 ボーナス etc 解説【5種類】 オンラインカジノのボーナスには大きく分けて4種類あります。

  • いずれの決済方法を使用するにしても登録をしないといけないとわずらわしさはあります。
  • 公式サイトから少ない手順で簡単に完了します、是非ご参考下さい。
  • ジパングカジノで使用しているソフトウェアはPlaytech社のみ。
  • この記事の冒頭でも記述しましたが、正しく利用をしていれば違法にはあたりません。
  • 日本のジパングカジノはオンラインカジノの世界をあなたのすぐそばにもたらします。

ジパングカジノは、業界で最初に日本人向けにオープンしたオンラインカジノとして知られていますが、悪い評判もいくつか見られます。 この記事では、ジパングカジノに関する悪い評判をSNSや口コミについて、その真偽を検証と解説します。 ただしカスタマーサポートに連絡しないともらえないこと、出金条件は18倍であること、引き出しを除いた残高がゼロになってしまった場合に使えることに注意して利用しましょう。 先ほど触れた通り、ジパングカジノはオンラインカジノとして初めて日本語での24時間サポートを開始したオンラインカジノです。

モバイル版ジパングカジノで遊ぶ場合は、スマホやタブレットなどの端末からジパングカジノにアクセスするだけでOKです。 ジパングカジノはスマートフォンやタブレットにも対応しているので、自宅にいなくてもオンラインカジノを楽しむことができます。 貯まったコンプポイントは、いつでも換金かカジノ口座残高に加算することができるので非常に実用性のあるポイントといえるでしょう。 ジパングカジノは、2005年にフィリピン共和国のライセンスを受けて設立された合法的なオンラインカジノです。 【ビットコインSVやイオスも対応】10Betの入出金方法に、独自仮想通貨プラットフォーム「10Coins」が導入。

しぼり七福神とは、オンラインカジノを愛し日々プレイしているグループ。 当サイトの運営だけで無く、YouTube、Twittterもやってる。 また、条件を満たしている場合、入金後遊び始めるまでにカスタマーサポートにボーナスを受け取ることを伝えなければなりません。 なるべくサポートのお世話にならないようにするために、事前に利用規約を読み込み、トラブルや困りごとなくジパングカジノを利用できる体制を整えておくようにしましょう。

ラッキーニッキーでは、オンラインカジノ業界でも最も取得が難しいマルタライセンスを保持しており、第三者機関もiTechlabを採用しているので、いつも安全にゲームをプレイいただけますよ。 ジパングカジノの出金では、クレジットカード以外の入金と同様の方法で出金することが可能となっています。 さらに1ゲームにお賭けいただけるトータルベットの上限は、本ボーナス額の25%となります。 ジパングカジノでは、Instagram内で入金不要ボーナスを獲得できるクーポンコードを発行しています。

出先でちょっとプレイしたり、空いた時間潰しにプレイしたりと気軽にカジノゲームを楽しめます。 24時間以内に使用しないと消滅するボーナスや、サポートへ合言葉を送ることで、ボーナスを受け取ることができるボーナスなど、楽しみながらお得に遊ぶことができます。 早朝でも深夜でも、不明点や問題が発生した際はメールや電話で問い合わせることができますので、オンラインカジノ初心者にとっては安心できるポイントです。 10ドル賭ける毎に10ポイントが付与され、ポイントが95ポイント貯まるとリアルマネー1ドルと交換可能になります。 ぜひ2021年にジパングカジノデビューをする方は、このボーナスを活用してがっつり儲けちゃってください。

日本人プレイヤーから支持を受けるジパングカジノの特徴

Evolution Gamingのバカラ、ブラックジャック、ルーレットが現在ベラジョンカジノの人気ゲームになっているようです。 出金方法もプレーヤーにとってメリットのあるものを揃えており、ポイントバックが大きいヴィーナスポイントや、ATMでの引き出しが可能なecoPayz（エコペイズ）などがあります。 入金手数料は、クレジットカードにのみ2.25％、最大5ドルまでかかりますが、その他の入金方法は無料です。 オンラインカジノ業界でも最も歴史の長いインターカジノと同じ運営元というだけで、安心感や信頼度が上がりますよね。

オンラインカジノの無料ボーナスは非常にお得ですが、いずれのオンラインカジノにおいても1人につき1回までしか受け取ることができません。 」などの信頼性の高いオンラインカジノのレビュー、ランキングサイトを利用するのも効果的です。 CasinoTop10で紹介されているオンラインカジノは全てライセンスを取得した合法のサイトで、日本からアクセスした場合も問題がないものだけに厳選しています。 カジノ攻略 初心者 向けオンラインカジノの始め方 オンラインカジノで遊んでみたいけど、どうすればいいか分からない。 初心者 の方はどのカジノで何をすればいいか分からないと思います。

何んといってもノーリスクで遊べるので、入金不要ボーナスで勝利を掴めなくても、条件をクリアできず出金できなくても、大きなダメージは無いでしょう。 時間が失われたと考える事もできますが、経験値を積んだと考えればイーブンではないでしょうか。 初めてのオンラインカジノの場合、自分に合うか、サービスの質はどうか、なども確かめらえると思います。 禁止ゲームを楽しみたい、出金条件が面倒などというプレイヤーはボーナス申請しないという選択肢もあります。 ただし、初回入金から出金実績がないまま口座残高が＄1未満にならないと申請できませんこのボーナスは、現金チップでもらえます。 決済サービス対応数も豊富なので、オンラインカジノ初心者におすすめのサイトといえるでしょう。

ジパングカジノの入金不要ボーナスは最大で＄300出金可能ですが、出金条件を守らないと1円も出金出来ないのでご注意下さい。 ジパングカジノ には日本人が使いやすい入金・出金方法が揃っています。 ジパングカジノの初回入金には、最高で300ドルまで、100%初回入金ボーナスが自動で進呈されます。 ただしボーナスを獲得すると、出金に最低賭け金条件などの制限が発生するので、注意しましょう。 他のプレイヤーで埋まってしまったら、他のテーブルに行けばすみます。

スロットマシン以外のゲームをメインに楽しむという方は、最低賭け金の条件が100%にならないので、条件をクリアするには難しいでしょう。 オンラインカジノの初心者がいきなりプレイして大金を稼ぐことはまず難しいので、経験としてボーナスをもらうことがいいでしょう。 例を挙げると、100ドル入金して100ドルボーナスを手に入れたら、25%の25ドルがトータルで賭けられる上限となります。 例を挙げると、パイゴウポーカーをプレイしたとして、200ドルを賭けたときには50%で、賭け条件に含まれる金額は100ドルになります。 ジパングカジノに初めて入金するともらえるボーナスで、「入金額の100％」が付与される通常のボーナスです。 アイウォレットやヴィーナスポイントなどはエコペイズと同様に入金実績がないと出金申請をすることができません。

マンスリーボーナスがもらえる対象者は、ジパングカジノからプロモーションメールが送られます。 対象者は期間中に、最初に入金した金額の100%（300ドルまで）もらえる可能性があります。 また、マンスリーボーナスは、初回ボーナスやセカンドボーナスをもらった後でも、もらうことができます。 入金不要ボーナスの勝利金を出金するには、最低20ドル以上の入金が必要なので、ぜひほかのボーナスも利用してみてください。 ジパングカジノは日本人利用率がトップクラスのオンラインカジノです。 サポートにもおいても【完全日本語対応】というのはこの業界ではよく耳にしますが、ジパングをやったことのある人ならここのサポートは完璧だとわかるかと思います。

入金時の決済方法、限度額、手数料

マンスリーボーナスは、ボーナスをもらった後、出金せずに残高がゼロになった場合、マンスリーリベンジボーナスをもらうことができます。 「マンスリーリベンジボーナス」は2回のチャンスがありますが、セカンド入金ボーナスと同じに、ボーナスをもらった後に残高がゼロになってしまった場合に、もらうことができます。 マンスリーボーナスをもらった後にゲームに負けた場合、さらに「マンスリーリベンジボーナス」をもらうことができます。

ジパングカジノでプレイできるライブゲームは通常バカラ、スピードバカラ、ルーレット、ポーカー、ブラックジャック、ハイローと少なめですが、基本的なゲームは押さえています。 系列カジノのラッキーベイビーカジノやカジノジャンボリーと合同で開催される月2回のキャンペーンや季節限定のプロモーションなど、プレイヤーを楽しませるプローモションが盛り沢山です。 アカウント登録画面でログイン時に使用するユーザーネーム、メールアドレス、名前、住所などの個人情報を入力します。 初回入金ボーナスジパングカジノに初めて入金した際に、最高$300、入金額の100％のボーナスをもらうことが出来ます。 親切に対応してくれるサポート体制が整っているということは、プレイヤーにとって非常に大きなメリットと言えるでしょう。 ここまで色々とジパングカジノに関する悪い評判を紹介してきました。

なお、登録時に「クーポンコード」を入力するボタンがあるので、忘れずに入力を行ってください。 入力されない場合、入金不要ボーナスを受け取れない場合があります。 Playtech社の『Great Blue』は、2013年に導入されて以降、2021年現在でもジパングカジノで常に大人気のスロットです。 スロットマシンでは一般的な3×5リール配列となっており、ワイルドのシャチ図柄が登場すると配当が2倍になるので大きい配当のチャンス。 最初は「回数8回・マルチプライヤー倍率2倍」となっているのですが、真珠を2個選択してフリースピンの性能を上げることができ、最大フリースピン33回・最大倍率15倍でスピンできることも。

オンラインカジノに入金すれば、直ぐに反映されるわけではありません。 手数料はオンラインカジノによって異なり、高いところもあれが無料のところも存在します。 ジパングカジノ公式が発表する合言葉を、サポートに伝えることでボーナスが受け取れるプロモーションとなります。 生ものボーナスは日曜日に定期的に開催される高額なボーナスがもらえるが、受け取り後24時間という期限内に出金条件を満たす必要があるプロモーションです。

生もの入金ボーナスは、24時間以内に最低賭け金条件をクリアしていなければなりません。 24時間を越えると勝利金およびボーナスは没収されますので注意しましょう。 また、1ゲームに賭けるトータルベットの上限は本ボーナス額の25%となります。 お誕生日ボーナスは、その名の通り、お誕生日にジパングカジノからプレゼントされるボーナスのことで、20ドルのチップをもらうことができます。

ジパングカジノジパングカジノの特筆すべき点はなんといっても安心のライセンスと公平な監査ですジパングカジノ運営元のBayview Technologi… 例えば、200%入金ボーナスを使って$100を入金した場合、（$100＋$200）×40＝$12,000を賭けることでボーナス＋勝利金を出金することができます。 そのため、当サイトのリンクよりカジノにご入金された場合は弊社に紹介手数料が支払われます。 あなたが書くレビューは他のプレーヤーがベストなカジノのサイトやゲームを見つけるのに非常に役立ちます。 投稿された全てのレビューは、当社CasinoTopsOnlineのクオリティーコントロールチームがチェックいたします。

『クオンタムルーレットライブ』はルーレットで一攫千金を狙いたい方にうってつけのライブルーレットです。 3個のサイコロの出目を予想し、「合計10以上（大）」「1個以上5が出る」「6のぞろ目」といった各エリアにベットを行います。 フリースピンの出現率は比較的高く、リスクとリターンのバランスが取れた良台です。 3×5のシンプルなデザインで、真珠図柄が3個揃うとフリースピンに突入し、最大15倍のマルチプライヤーを持って抽選が行われます。 ジパングカジノ（Zipang Casino）はYouTubeに、「ジパングTV」というチャンネルを開設しています。 「いつものカジノに置いてあるゲーム、大体遊んだな～」とちょっと飽きてきた方にはピッタリのゲームラインナップです。

カラオケバージョンの冒頭には小杉がディラン風に演じた紹介ナレーションが収録されている。 子供の頃、父親や親戚が医者であり、「僕も大きくなったら医者になるんだ」と何となく思っていたが、高校生の時に洋画『太陽がいっぱい』を見て「声優も面白そうだな」と興味を持ち始める。 日本大学芸術学部では放送学科を専攻し、確固たる信念があったわけではないが、大学を卒業する頃にテレビやラジオのアナウンサー試験を受けたものの、すべて不合格となる。 当時は『男はつらいよ』シリーズの営業や各種の業務を担当していた。

オンラインカジノサイトによっては、登録をするだけで無料ボーナスが付与されるお得な特典を用意するサイトがあります。 ジパングカジノの入金不要ボーナスで楽しんだ後は、ジパングカジノで満たす事が出来なかったジャンルにチャレンジしてみましょう。 ジパングカジノの入金不要ボーナスは2段階突破型ですので、ある程度ボーナス獲得が高いグレートブルーを選ぶのもよいと思います。

入金をする際におまけとして付与されるボーナスは多いものの、入金をしなくてもボーナスが付与されるとてもお得な特典です。 中には、ボーナスや賞金が没収されたり、アカウント凍結されたりといったトラブルの声も寄せられています。 リアルタイムで進行されるゲームはまるで本場のカジノにいるようです。

電子決済の使用は登録をしないといけないことから、使用することに抵抗がある方もいます。 しかし、一度使ってみると非常に便利なので是非登録をしてみてください。 ジパングカジノはで入出金をする場合は、ペイトラとエコペイズのいずれかの方法をとります。 カジノ ジパング 「2種類しかないのか…」そう感じる方も多いのではないでしょうか。 いずれの決済方法を使用するにしても登録をしないといけないとわずらわしさはあります。

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‘Gold hasn’t changed the price of gold has changed’

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'Gold hasn't changed, the price of gold has changed';

What the gold price reveals about the macro-tuesday, gold shaved $50 off its market value, falling to nearly $1,760. The 2 percent fall in price reveals that the "perception of the macro environment" has changed, and that "speculators" have sold some of their holdings, suggested Axel Merk, CIO and Founder of Merk Investments.

"Gold hasn't changed, the price of gold has changed," he said. "Policymakers don't have many good options, so we might be in for some pain. In the short-term, people are selling everything."

Merk spoke with David Lin, Anchor and Producer at Kitco News.
 

Recession concerns

"The risk is high" that the U.S. economy is heading for a recession, Merk predicted. He cautioned that while two quarters of negative GDP growth is the benchmark for the definition of a recession, "the official word is done by a committee, and they just take that as a contributing factor. They may not declare a 'recession,' because we have low unemployment and other items."

"The markets are telling us it's a mess out there," said Merk. "We were faced with a major supply shock. And when you're faced with a major supply shock, policymakers make the wrong decisions."

He went on to explain that "usually recessions are driven by demand, whereas recession, this time around, is driven by supply."

"Supply shocks are stagflationary," said Merk. "They cause costs to go up, and growth to go down… Part of the problem is not just that [the government] wrote [stimulus] checks, but when we have excessive government debt, and people lose confidence that this is going back into balance, that affects consumer behavior as well."

He went on to suggest that the Fed would continue to tighten its monetary policy, reducing GDP growth, and then would reverse course once inflation numbers look better.

Inflation

When it comes to monetary tightening, The Fed "doesn't have a choice," said Merk. "The question is whether they'll stick with it… We have to kill off growth, inflation numbers are going to come down, and the Fed may well declare victory. But inflation… is going to pop back up."

Merk said that the correct reaction to inflation is "not to write a stimulus check, but to throttle down demand" and improve the supply-side. He proposed that increasing immigration, while removing domestic barriers to oil and nuclear production, would help ease inflation pressures, while increasing GDP.

Over the weekend, U.S. President Joe Biden posted a Tweet, asking U.S. gas stations to "bring down the price you are charging at the pump to reflect the cost you're paying for the product." In response, Amazon Founder and Chairman Jeff Bezos tweeted that Biden's statements are "either straight ahead misdirection or a deep misunderstanding of basic market dynamics."

Merk said that he agrees with Bezos.

Ex Google advertising chief: There is 'no limit' to tech companies mining your data – Sridhar Ramaswamy

"The politically attractive thing to say is, 'oh it's the bad guys out there' [causing inflation]," said Merk. "The gas station, right? They're causing all the problems. People aren't that stupid. The problems are far more fundamental… The actual solution is to increase energy production and throttle down demand. There are many things you can do, but they are not politically attractive."

To find out about Merk's stagflation hedges, and his forecast for the gold price, watch the above video.

 

By Kitco News

For Kitco News

Time to buy Gold and Silver on the dips

 

Tim Moseley

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Slightly Up From Slavery

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Slightly Up From Slavery

by Doug Casey, International Man Communique

 

Slightly Up From Slavery

 

To eliminate misunderstanding as to what taxes are, it is helpful to define the word "theft." One good definition is "the wrongful taking and carrying away of the personal goods of another." The definition does not go on to say, "unless you're the government."

There is no difference, in principle, between the State taking property and a street gang doing so, except that the State's theft is "legal" and its agents are immune from prosecution. Many people do not accept that analogy, because the government is widely viewed as being of, for, and by the people, even though it's also acknowledged as acting badly from time to time.

Suppose a mugger demanded your wallet, perhaps because he needed money to buy a new car and threatened you with violence if you weren't forthcoming. Everyone would call that a criminal act. Suppose, however, the mugger said he wanted the money to buy himself food. Would it still be theft? Suppose now that he said he wanted your wallet to feed another hungry person, not himself. Would it still be theft?

Now let's suppose that this mugger convinces most of his friends that it's okay for him to relieve you of your wallet. Would it still be theft? What if he convinces a majority of citizens? Principles stand on their own. Even if a criminal act is committed for a good purpose, or with the complicity of bystanders, (even if those people call themselves the government), it is still an act of criminal aggression.

It is important to establish an ethical viewpoint on the matter, even if it doesn't change your reaction to the mugger's (or the State's) demands. Just as it's usually unwise to resist a mugger, it's usually unwise to resist the government, which has a lot of force on its side.

That's not to say it's easy to swim against the tide. Every year at tax time promoters of big government haul out an assortment of nostrums to sedate the lambs as they are shorn. One of the worst is "Taxes are the price we pay for civilization," a statement of Supreme Court Justice Oliver Wendell Holmes. It is a splendid example of how, if a lie is big enough and is repeated often enough, it can come to be accepted.

Actually, the truth is almost exactly the opposite. As Mark Skousen, economist and author, has pointed out: "Taxation is the price we pay for failing to build a civilized society. The higher the tax level, the greater the failure. A centrally planned totalitarian state is a complete failure of civilization, while a totally voluntary society is its ultimate success."

Taxes are destroyers of civilization and society. They impoverish the average man. They support welfare programs that anchor the lower classes at the bottom of society. They underwrite a gigantic bureaucracy that serves only to raise costs and quash incentive. They pay for public works programs (once called "pork barrel projects," but now rechristened "infrastructure investment") that are usually ten times more costly than their privately financed counterparts, whether needed or not. They maintain programs that cause huge distortions in the economy (such as deposit insurance for banks). And they foster a climate of fear and dishonesty. The list of evils goes on. But the simple truth is that anything needed or wanted by society would be provided by profit-seeking entrepreneurs, if only the tax collector would retire.

Protesting against taxes because they're a costly or inefficient way of providing services, however, is in good measure futile. It's like saying that the mugger shouldn't rob you because there might be a better way for him to get what he wants.

How serious is the tax problem in the long run? I believe it will become less, not more serious, despite the government's increasingly high tax rates and draconian enforcement measures. The major long-term trend of society is toward decentralization and smaller-scale organizations. The US government will prove no more able to deal with a rapidly evolving economy than was the Soviet government. More and more Americans will see the government as meaningless and irrelevant, as serving no useful purpose.

 

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

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The glow of American Independence by Bitcoin security

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The glow of American Independence by Bitcoin security

by Diana Ambolis 

 

To help finance World War II, our government dispatched combat veterans to towns around the nation to sell war bonds. They would have to defend the need of the battle and use public funds on it. Despite the presence of Nazis, the government had to present its point. They were assigned accountability. This responsibility no longer exists.

In 1971 United States abandoned the gold standard, bringing in the modern age of fiat money. No longer exists any feeling of duty. You are not obligated to purchase from the government, as was the case during World War II. They are not required to assume any kind of accountability. They employ a specialized machine for printing money. The money printer ensures the government’s ability to spend all freshly minted cash on war and cronies.

This present fiat system is not only destructive to the financial well-being of individuals but also significantly contributes to global evil. Fiat is undoubtedly the driving force behind all evil in the world today. If rulers could not generate money out of thin air, war, murder, and destruction would not reach the current proportions. There will be less disagreement if the government receives less money. Bitcoin is a valid alternative.

Politicians would need a valid justification to seize your money in a world with sound money since they could not manufacture it out of thin air. If politicians had to persuade the public of the merits of for-profit prisons, the drug war, or drone bombs in the same manner as they did during World War II, we would not be living in the same country. In addition to the economic world, irresponsibility is the source of all evil.

Also, read – The Future of Blockchain Technology in Africa

The Constitution is the United States’ ultimate law because it protects all citizens’ individual rights. Our Constitution protects the right to free speech, and the courts have determined that computer programming is expressive activity. Bernstein v. Department of Justice has a rock-solid foundation for Bitcoin.

This solid foundation of liberty should aid in establishing the United States as an example for the rest of the world. The ideal situation does not include the government supporting Bitcoin and distributing Bitcoin wallets to people. Governments in this world are indifferent to Bitcoin, and the financial and political sectors are diverging in the same way that Church and State once did.

Some individuals have radically divergent points of view. Some people feel that money may be used to persuade others to comply with one’s desires. Central bank digital currencies (CBDCs) and other regulation and control systems should be categorically rejected. Due to these concerns, I’ve decided to run for public office. I believe that sound money can do more for peace and good than I could in government, but I also feel that more voices for liberty are needed in Washington. I’ve enjoyed speaking with so many people during the presidential campaign about the significance of individual freedom and a robust economy. It’s nice that people recognize Blockchain Magazine as a Bitcoin expert and ask us about it. This is not only a hobby for nerds; it can pave the way for a more emancipated society.

The basis of both the American system and Bitcoin are liberty and the permission of adults. It makes perfect sense for the United States and its citizens to embrace the technology of freedom to build our nation and protect our independence from the fraudulent fiat currency system. If we can restore fiscal order, we can heal our nation.

Tim Moseley

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Are You New To Markethive? Do You Want To Start Accumulating Markethive Coin Before The Next Bull Run?

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Are You New To Markethive? Do You Want To Start Accumulating Markethive Coin Before The Next Bull Run? 

REFER THREE TO MARKETHIVE TO RECEIVE BONUS AIRDROPS AND ACTIVATE MICROPAYMENTS 

Referral Program For Free Members And Upgraded Associates

As Markethive continues to gain traction with new members joining daily, Markethive is steadfast and in preparation to take a large share of the new Market Network that is the next generation following the social media craze of Web 2.0. Markethive is a Social Market Broadcasting Network. It sounds like a mouthful, and it is!  

Markethive is an all-encompassing platform that has integrated;

  • Social Media (like Facebook, LinkedIn), 
  • SAAS tools (like GoToMeeting, Aweber, Google Apps),
  • Inbound Marketing (like Marketo, Hubspot), 
  • Commerce platforms (like eBay, Freelancers, Amazon) 
  • Digital Media (like Cointelegraph, Bitcoin.com). 

As Markethive’s foundation is Blockchain-driven, it has its consumer coin, currently named Markethive Coin (MHV), but soon to be renamed Hivecoin (HVC – the Ticker Symbol). It is fully integrated into the system and has created an Ecosystem for all Markethive members, free and upgraded Entrepreneurs. 

So Markethive has established its niche as the only Social Market Broadcasting Network with an infinity Airdrop and a system that rewards the users for engaging on the platform and learning how to use it with ongoing, real-time micropayments, otherwise known as a Faucet.

Markethive has the combined power of Facebook, LinkedIn, Marketo, and Amazon, with the real advantage of deriving income within the Markethive system while promoting your business and enjoying the social media interface. 

What If You’re A Free Member?

If you’ve just signed up for Markethive, you will have received your airdrop of Markethive’s Hivecoin (HVC) to your CoinClip. (The airdrop is currently at 500 coins.)

The next thing to do is to refer just 3 of your friends or colleagues to Markethive, which unlocks the Micropayment Faucet, allowing you to receive lifetime rewards of HVC.

So a Free Membership in Markethive allows you to earn coins with every post, process, and function within the system and, like a faucet system, earn micropayments of Markethive Coin. 

Remember, it is not just another payment service provider other Social Media platforms have adopted. You genuinely earn Hivecoin (HVC), and now is a perfect time to accumulate your coins. 

 

Bonus!

Markethive will also reward you with a  bonus of 250 HVC for the first three members you invite to join us. You will receive these coins to your coin clip as soon as they sign up and complete the verification process via SMS code.

Please note: To receive the maximum of 500 MHV bonus airdrop for all subsequent referrals (after the first three), you will need to upgrade to Entrepreneur One.

Markethive Wallet And Coin Exchanges

As the Markethive internal wallet is in the final stages of development, the next step is listing HVC on reputable coin exchanges and allocating an external wallet on the Solana Blockchain to Markethive members. You’ll be able to convert it into the currency of your choice or buy products and services within the Markethive ecosystem. 

After the release of the wallet, Markethive will launch a new offshore company to build its own exchange. Simultaneously, the Markethive Multidimensional Wallet App will be on the table for development. 

Markethive will roll out a schedule to deliver the wallets and administer them in tiers and stages led by the upgraded Entreprepreneurs as the first cab off the rank. 

Thinking About Upgrading To Entrepreneur One?

Upgrading to Entrepreneur One provides many benefits and extra opportunities to monetize your activities and businesses, as defined in this article, and is predominantly an online cottage industry. 

Furthermore, apart from the matching coin bonus of 500 MHV for each person you refer, you will have access to an advanced CMS control panel for your new "associate leads" found in the Friends section. You are essentially building your email list for your email autoresponder and broadcaster within the Markethive SaaS tools portfolio. 

As an Entrepreneur One Upgrade, you are considered an early adopter of Markethive, so ILP shares (Incentivized Loan Program) are included in the net profit revenue of Markethive. 

This is a unique opportunity to create a legacy and reap the rewards only venture capitalists could otherwise enjoy.

To upgrade to Entrepreneur One level, navigate to the home page and click on “Loyalty Programs” displayed in the menu. As displayed in the image above, a pop-up will appear where you will be prompted to follow the steps required.  

You can have more than one subscription, which not only multiplies the assets you receive as an Entrepreneur One associate; you also have the opportunity to onsell the subscription through the upcoming ILP exchange. The Entrepreneur One upgrade will no longer be available from Markethive when the internal wallet is released. 

The Entrepreneur One will become extremely valuable as we introduce more unique money machines, including the Press Release system and video advertising. 
 
The Automated Referral Panel

Using your referral links via the automated referral panel is an easy way to promote Markethive to your friends and colleagues on other social media sites. This will also be incentivized with micropayments soon. 

You will find the automated referral panel on the home page menu named Referral Program. You have two links, as shown in the image below.

1. The top one is the link to your Profile Page or Bio. As explained here, sharing this link is excellent for branding yourself or your business. 

Share your unique Referral Link on your social network profile consistently and quickly receive a lot of referrals! Click on the Social Media buttons, and your Capture page referral link will automatically be included. An assortment of thumbnails (images) will rotate, giving your post a fresh new look every time you share. 
 
The Capture Page 

2. The second link is your Capture page which is incredibly informative with a video and bullet point explanations. It’s intuitive, simple, and captivating. 

 

The Bottom Line

Bottom line, by joining Markethive, you will get a Market Network Inbound Marketing platform worth $2500 per month for free and get “Airdropped” paid up to 500 Markethive coins (HVC) just for joining. 

By referring Markethive to three people only, you activate the micropayment faucet and continue to receive HVC coin payments for the duration of your life within the hive for all activities you perform on the Markethive Platform. 

Since the entire system runs on the Markethive coin, (soon to be named Hivecoin), you can expect the volume demand and increased velocity of the MHV coin to drive coin value accordingly. This is one of the main reasons we refer to our system as a legitimate alternative to universal income, based on ethics and integrity, not government-mandated theft and graft.

Interestingly, the first Faucet invented was the Bitcoin faucet launched by Gavin Andresen, one of the earliest Bitcoin developers, in June 2010. At that time, Bitcoin was about 8 cents. It gave out 5 Bitcoins a day until 2011, when it ran out of coins. 

Markethive has embraced this reward system and applied it to the many marketing and communications aspects within Markethive.  The big what if is; in 10 years, will the Markethive coin have a similar rise in value? No doubt in my mind, given that HVC is a consumer coin with an actual use case, unlike so many other altcoins on the market. Time, technology, and the universal need for a holistic platform such as Markethive are on our side. 

Although crypto is currently in an unprecedented bear market, with many companies collapsing, it is considered by industry experts as a catalyst for emerging genuine projects to flourish. This includes Markethive and its rise to prominence as a pioneer in the social media and marketing sector of the Blockchain and Cryptocurrency space. 

With its comprehensive wallet and member merchant accounts nearing completion, we couldn’t have asked for better timing for Markethive to distinguish itself in the crypto market that is seeing companies rise and fall based on their true worth, as detailed in this article.

ecosystem for entrepreneurs

Meanwhile, get busy and refer three people to unlock the faucet and start accumulating HVC coins. You will enjoy the fruits of the Markethive ecosystem, which is Markethive’s vision for everyone and is destined to achieve. 
 
To follow Markethive’s progress come to the meetings on Sundays at 10 am MST. The founders of Markethive, Thomas and Annette, present all the latest updates and developments. See and hear explanations, ask questions, and witness the ever-evolving technology and concepts of Markethive. The link to the meeting room is located in the Markethive Calendar. See you there.

 

 

 

 

Tim Moseley

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Central banks step up gold buying in May June looks promising WGC

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Central banks step up gold buying in May, June looks promising – WGC

Central banks worldwide bought gold for the second consecutive month in May, stepping up their precious metal purchases, according to the latest data from the World Gold Council (WGC).

Central banks added 35 metric tons to the global gold reserves in May after buying 19.4 tons in April.

The biggest gold buyers were Turkey with additional 13 tons, followed by Uzbekistan with nine tons, Kazakhstan with six tons, Qatar with five tons, and India with four tons.

The only significant central bank seller was Germany, which reduced its gold holdings by two tons in May. The selling was likely because of "its longstanding coin-minting programme," the WGC said.

June is also looking very positive for central bank gold buying, with the Central Bank of Iraq (CBI) announcing that it bought 34 tons of gold in June, which raised its precious metal's reserves to just over 130 tons.

"This is the first significant gold purchase from the CBI since September 2018 (6.5t). This is not yet reflected in IMF data, but we will add this to our statistics next month," the WGC said.

Year-to-date, Turkey has dominated the gold-buying space with its purchase of 56 tons of gold in 2022, followed by Egypt, which bought 44 tons, and Iraq, which acquired 34 tons.

The Central Bank of Bolivia (BCB) also proposed a new law in June that would allow it to become the sole buyer of domestically-produced gold.

The May numbers support the WGC's earlier survey findings, which showed that 25% of the participating central banks intended to increase their gold reserves in the next 12 months, up from 21% reported in 2021.

"It shows that gold's performance during a time of crisis and its role as a long-term store of value/inflation hedge are key determinants of central banks' decision to hold gold," the WGC said.

By Anna Golubova

For Kitco News

Time to buy Gold and Silver on the dips

 

Tim Moseley

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Potential Boost for Bitcoin as 128 Trillion Worth of Gold Ore Is Discovered in Uganda

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Potential Boost for Bitcoin as $12.8 Trillion Worth of Gold Ore Is Discovered in Uganda

The cryptocurrency markets have been on the downside for most of the year. The recent discovery of gold in Uganda may likely be the miracle to help the market make an upward trace.

KAMPALA (Reuters) – Uganda, has revealed recent exploration surveys to show it has discovered gold ore deposits of about 31 million tonnes with an estimated 320,158 tonnes of refined gold valued at $12.8 trillion. The country wants to attract big investors to develop the sector hitherto dominated by small wildcat miners. Solomon Muyita, a Ugandan Ministry of Energy and Mineral Development spokesperson, made this known. 

Most of the gold deposits were found in Karamoja, a scorched sprawling area in the country's northeastern corner on the border with Kenya. Massive reserves were also found in the country's eastern, central, and western regions.

However, the argument on the scarcity of gold which makes it a store of value may be harmed after Uganda announced that it had discovered 31 million metric tonnes of gold waiting to be mined in the area. While gold is often regarded as a scarce asset, the recent development has posed a significant risk to that effect. It may cause panic amongst investors who may be wondering about its potential value shortly. 

If Uganda is truthfully sitting on that massive amount of gold ore, as the government acknowledged, will that not substantially boost the world's gold supply? That could significantly lower the price of gold and make it a less secure "store of value."

​​​​Gold vs. Bitcoin Debate

Source Kenesis

For many years, there has been fierce debate over the supremacy of Bitcoin over Gold. While Bitcoin is primarily praised as a currency, others believe that the coin is also a commodity that could be adopted as a store of value. The main argument for the use of Bitcoin as a store of value is the fact that it will never go bankrupt, and can be used as an investment alternative to gold or other commodities which have fallen in value in recent times because of inflation or recessionary economic conditions respectively. The second factor that propels the adoption of Bitcoin as a store of value is its ability to prevent capital controls and restrictions on banking transactions imposed by central banks due to government intervention in the financial market. For instance, China has banned trading cryptocurrencies such as Bitcoin through domestic exchanges.

Gold historically performs well during market corrections because it maintains its value; its price holds somewhat steady, then tends to rise as investors move from stocks to gold if a recession threatens. This makes it useful as a hedge, an investment that moves opposite another against market corrections or recessions. For example, the stock market may rise as the economy improves, but gold typically declines in value when the economy grows.

Thus, when the stock market falls, and the economy slows down, people will likely turn toward commodities like gold as a haven against inflation and economic weakness. In other words, investors who seek a stable store of value will often buy gold for their money rather than stocks or bonds that can fall in value. The gold's capped supply has helped the discussion that Bitcoin could be used as a store of value, but the recently discovered gold in Uganda may intensify the debate that Bitcoin is better suited. However, Bitcoin mining sites face scrutiny and resistance because of their electricity consumption.

Gold's Expected Loss Might Be the Cryptocurrency's Gain

It should, but the point here is that this sort of thing is logical. There is no way Bitcoin could experience a similar expansionary supply shock because of its strict 21 million supply limit. This makes Bitcoin a non-inflationary asset. Even if the Ugandan spokesperson is lying, which he may or may not be, it's only a matter of time before someone discovers gold on earth or an asteroid that massively increases supply. The critical question is, will Bitcoin potentially be a better store of value than gold?

The question is difficult to answer because it's a matter of opinion. Some people think that Bitcoin is more of a store of value than gold, while others believe it's not. Some argue that gold has had more stability because it has been around for thousands of years. The debate has also come to include how secure is bitcoin's blockchain? Is there any way we could hack it? Are we better off trusting a centralized authority than relying on no one? Some even say you shouldn't use it for anything because "it's just an experiment."

Bitcoin is a cryptocurrency that's built on blockchain technology. It was created in 2009 by Satoshi Nakamoto. The cryptocurrency is decentralized and not controlled by any bank or government. The supply of Bitcoin is limited to 21 million coins, and about 19 million are currently in circulation. Bitcoin can be used to purchase goods and services from vendors who accept it as payment. One way to measure the store of value of Bitcoin is to look at the total market capitalization of all Bitcoin in circulation. As of this writing, the total market capitalization was $366,361,873,280.33 on Coinmarketcap.

On the other hand, it is often said that there are no better investments than real estate and commodities, especially precious metals like gold, silver, platinum, and palladium. But historically, gold has been considered a superior investment and a reliable store of value over the centuries throughout the world, especially when currencies have become unstable and their purchasing power is questionable.

Gold is seen as a safe place to put money because there's a scarcity that provides insurance against inflation or deflation as well as providing a handy measure by which we can estimate the price of something. It also provides an alternative to paper currency, which serves as a hedge in times when governments are in turmoil, such as we're seeing now with Greece. But could these advantages still be attributed to gold after the Ugandan discovery? Who knows!

Could the Ugandan Huge Gold Discovery Be a Mere Fool's Gold?

On  April 1, 1988, an Australian fruit agriculturist in the small town of Beenleigh, Queensland, was publicized to have discovered a massive "gold nugget." The farm owner and his family were excited as they thought that they had found Australia's largest gold coin worth thousands of dollars on their land. 

However, when it was confirmed that this was not the case, he went into hiding rather than face the media storm that would follow from being involved with what could be considered a hoax. Some people worldwide, including President Ronald Reagan, referred to the discovery as "one of the most incredible things I've ever heard".

Fool's gold is common in the mining industry. The Fool's gold is sparkling-yet-worthless mineral pyrite that gold miners in the 19th Century mistook for a bar of natural gold. This mineral pyrite has long been referred to as Fool's gold because its metallic yellow copper-like crystals trick miners into thinking they had struck gold.

The statistics gathered from the U.S Geological Surveys imply that 244,000 metric tonnes of gold, the equivalent of 268,400 tonnes of gold, have been found in the world to date, of which 187,000 metric tonnes (205,700 tonnes) have been produced, leaving a surplus of 57,000 metric tonnes (62,700 tonnes) of known reserves. This implies that Uganda's gold discoveries surpass the global gold discoveries by 115.5 times. Could it be possible that the Ugandan government may have confused metric tons with ounces in its projections?

Nonetheless, Muyita said a Chinese company named Wagagai had set up a mine in Busia in the eastern part of Uganda and was expected to start production this year. Wagagai had invested $200 million, and its mine will have a refining unit. The Russian government also seems interested to hit the gold mine in Uganda.

The massive gold discovery in Uganda brought mixed feelings among investors. Most people see it as a miracle that could finally make Bitcoin be accepted as a store of value, while others see it as a disaster that may eventually affect the value of gold.

Microstrategies CEO Michael Saylor in an interview with CNBC said:

“Every commodity in the world has looked good in a hyperinflationary environment, but the dirty secret is you can make more oil, you can make more silver, you can make more gold […] Bitcoin’s the only thing that looks like a commodity that is scarce and capped.”

 

Garrick Hileman, head of research at Blockchain.com, has this to say during an interview with Cointelegraph:

 

“The Ugandan find underscores why the approximately 200 million holders of Bitcoin believe that ‘digital gold’ — Bitcoin — is superior to actual gold in terms of its scarcity and reliability as a store of value in the decades to come.”

As was the case with other major gold discoveries in history, like the 19th century South African gold rush, the introduction of this much new gold — or even just growing awareness of the Ugandan find — “could have significant negative price implications for gold over the coming years,” Hileman said.

In Summary

Bitcoins and other cryptocurrencies are based on the idea that electronic currency is a secure and efficient transaction. The impact of 31 million tonnes of gold ore on the crypto market will affect prices for cryptocurrencies. This is because the volume of gold ore will create more demand for cryptocurrencies, leading to higher prices. This development will be welcomed by many investors who look for ways to invest their money in safe havens.

This impact on prices may be inflationary because it will increase the supply of cryptocurrencies. It is also possible that this will lead to an increase in the use of cryptocurrencies as a mode of payment. This huge find could quickly push inflation down and provide a much-needed boost to global economies.

 

​​

 

Tim Moseley

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US dollar weakens against euro sterling in US holiday trading

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U.S. dollar weakens against euro, sterling in U.S. holiday trading

The euro and sterling rose on Monday against the dollar in a quiet trading session amid a holiday in the U.S., while global risk sentiment has improved.

With the U.S. markets closed for Independence Day, markets expected a light trading day, with major currencies gaining some ground against the U.S. dollar, which had climbed to a two-week high on Friday.

The euro rose 0.3% to $1.0457, but stayed barely above May's five-year trough of $1.0349. While sterling rose 0.5% to $1.2155 after hitting a two-week low of $1.1976 on Friday.

"Quiet trading to start the week is seeing the U.S. dollar weaken against most major currencies as it unwinds Friday’s gains while ignoring a modest risk-off tone in markets," said Shaun Osborne, chief FX strategist at Scotiabank.

Reports that the White House will announce an easing of some Chinese tariffs later this week in an attempt to dampen elevated inflation helped inject some optimism back into markets, "giving currencies an extra push against the U.S. dollar," Osborne added.

The Australian and New Zealand dollars, as well as the Swedish crown , rose on Monday after hitting two-year lows on Friday.

But amid fears of a global recession, the euro remained near a five-year low against the safe-haven dollar.

The war in Ukraine and its economic fallout, in particular soaring food and energy inflation, has been a major drag on the euro, which has weakened 8% against the dollar this year. The difference between the European Central Bank and the U.S. Federal Reserve response to higher inflation has also weighed on the euro. read more

Data on Friday showed euro zone inflation surging to another record, adding to the case for the ECB to raise interest rates this month for the first time in a decade. read more

Jeremy Stretch, head of G10 FX strategy at CIBC said he expected headwinds on the euro to persist as the ECB is set to hike rates on July 21 by "a mere 25 basis point".

"ECB action remains moderate when compared with a 75bps Fed hike," he said. "Beyond ECB monetary policy discussion, the primary European Union risk variable relates to the energy sector."

Safe-haven demand has kept the dollar elevated even if markets have scaled back some of their U.S. rate hike expectations. The market is pricing in around an 85% chance of another hike of 75 basis points this month and rates at 3.25% to 3.5% by year end – before cuts in 2023.

The U.S. dollar index eased 0.15% to 104.9, not far below last month's two-decade high of 105.790.

Looking ahead to the rest of the week, investors are awaiting publication of minutes from last month's Fed meeting on Wednesday and U.S. employment data on Friday.

Australia's central bank will meet on Tuesday and markets have priced in a 40 basis point (bp) rise in interest rates. The Aussie may not catch much of a boost if a hike of that size, or thereabouts, is delivered.

Reporting by Joice Alves. Editing by Jane Merriman and Chizu Nomiyama

Time to buy Gold and Silver on the dips

 

Tim Moseley

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The Real Spirit of America Lies in Each of Us

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The Real Spirit of America Lies in Each of Us

By Teeka Tiwari, editor, Palm Beach Daily

 

The Real Spirit of America Lies in Each of Us

 

The Real Spirit of America

Recently, I was in Pennsylvania attending my daughter’s college graduation. I popped into a local Walmart to pick up a few sweet treats for her. I could not believe what I saw. The shelves were bare. It left me shocked.

You see, I still remember the first time I walked into a U.S. supermarket. It was 1987. I felt like my head would explode. I had never seen such abundance in my life. There were rows upon rows of shelves bulging with a bounty of food I had never seen before.

I wasn’t born here. I grew up in United Kingdom’s foster care system… If you’re not familiar with the U.K. government, it’s socialist. I don’t mean “socialist” like China, Venezuela, or the former Soviet Union. Instead, the U.K. is what political scientists call a “welfare state.”

In a welfare state, the government plays an active role in the protection of the economic and social well-being of its citizens. Most developed nations, including the United States, offer some form of welfare protection to their citizens. For example, the U.S. provides Social Security to senior citizens… medical assistance to veterans… and food subsidies to poorer households.

I’m not saying the state shouldn’t help our senior citizens, veterans, or the neediest among us. But in the U.K., people believe the state should care for them from cradle to grave –no matter what. The state acts like your mom and dad. It makes all your decisions. I know from experience…

 

Learning Self-Reliance

One of the foster homes I grew up in housed me in a cramped, unheated room on top of a garage. It was so cold I could watch my breath coil into a frigid mist. My future looked as bleak and cold as my tiny room. But I had big dreams.

Ever since I was 12 years old, I’d wanted to work in the stock market on Wall Street in New York City. I once told my U.K. school job counselor this. His response? He told me I should focus on manual labor. “Be a telephone repairman,” he said. I knew in my heart that my future was in the financial markets.

As a teenager trapped in the foster care system, I soon realized no one would rescue me. No one would believe in me. No one would encourage me to pursue my “wild” dream. That meant I had to rescue myself. It meant I had to believe in myself and encourage myself when things didn’t go my way. At the time, I didn’t know it… but I was adopting the beliefs that have proven to be the backbone of what has made America great. Traits like self-reliance, grit, and persistence.

I watched American TV shows such as The A-Team, Miami Vice, Starsky & Hutch, Hart to Hart, The Six Million Dollar Man, Taxi, Hill Street Blues, and The Rockford Files. I loved how Americans embraced individualism. People didn’t wait on the government to give them a handout. If they had a dream, they pursued it. If the dream failed, they took responsibility and tried again. If it succeeded, they reaped the profits.

The U.S. capitalist system helped create companies like Tesla, Amazon, and Microsoft. It made men like Elon Musk, Jeff Bezos, and Bill Gates the wealthiest people in the world. To succeed in America, I knew that all you needed was ambition and work ethic. I had plenty of both. So when I turned 16, I left for America…

 

Coming to America

With just $150 in my pocket, I set course for the world’s financial capital – New York City. When I arrived in the Big Apple, I worked three jobs. During the day, I worked 8-hour shifts at Roy Rogers. At night, I worked 4-hour shifts at the Key Food supermarket – bagging groceries and sweeping floors. On Saturday and Sunday, I’d work 12-hour shifts at a newspaper store stocking shelves and preparing the Sunday papers.

It never bothered me to work like that. I never felt somebody owed me anything. I was overjoyed I could find so much work. To me, America was a paradise. A place that rewarded hard work.

 

But My Dream Was To Work On Wall Street

By the time I was 18, I had wrangled an introduction with a hiring manager at Lehman Brothers named Frank. He had no interest in hiring me until I told him I’d work for free. Let me repeat that: I told him I’d work for free. I was prepared to undergo the immense financial hardship of working for free because I knew the education I’d receive at Lehman Brothers would transform my financial life.

Frank looked at me intently when I said I’d work for free. He saw I was serious. And he changed my life by agreeing to hire me. He’d even pay me to boot. I would earn $4 per hour. And they expected me to work 10 hours per day… 50 hours per week. But they would only pay me for 29 hours per week. I later found out they chose less than 30 hours per week to avoid providing me with medical benefits. Fellow trainees were bitter about it. I wasn’t.

I was overjoyed that someone was willing to give me a shot. So there I was… working 50 hours a week, making $116 each Friday. That came out to $2.32 per hour. I picked up a job working nights on a loading dock in Brooklyn to pay rent, food, and utilities (I couldn’t afford health insurance). I worked 12-hour shifts as a cook at a local diner on Saturday and Sunday.

Between all three jobs, I was pulling in $364 per week before taxes. Out of this meager amount, I was still able to save money each month. Of course, that meant I never ate out, I didn’t own a telephone, I had no television, and I either walked or took public transportation.

One month I needed an emergency root canal. That just about cleaned me out. That month I lived on plain pasta with salt. My weight dropped precipitously. My chest sunk in, and my skin wrapped tightly around my bones. I looked like a living skeleton. At one point on the way to work, I fainted on the train from lack of food. But I never felt sorry for myself. I just stayed focused on what I wanted and kept working hard. I knew that all of my work would pay off at some point.

So at Lehman, I started as an assistant for the big-time brokers. Eventually, I became a big-time broker myself. There’s nowhere else in the world where someone like me, who grew up in foster homes with no college degree, could get an opportunity to work at one of the biggest financial firms in the world.

What I really loved about America was that the only color they cared about on Wall Street was green. Nobody cared that I am of Indian descent. Nobody cared that my skin color is brown. As long as you could make money, Wall Street accepted you. That’s all that mattered. And that was the purity of the capitalistic American spirit I loved.

 

Is the American Spirit Fading?

When I first arrived in the United States, I proudly told people I wanted to be a stockbroker. And they’d encourage me. “Yeah, that’s amazing. You can do it.” But something has changed today… Now, when I tell people I want to make money, they question me. “Why do you want to make so much money? What’s wrong with you? Why are you taking away resources from other people?”

I don’t recognize this America. I know I sound like a Boomer… But this isn’t the same country I arrived to back in 1987. It’s different. It’s becoming like Europe, where people actually believe the state owes them something.

Friends, the state doesn’t owe you anything. The state’s job is to protect our borders… protect our property and individual rights… and settle disputes between people in a court of law. Yet, today, people have this sense of entitlement that the state owes them something. I can’t change that. America’s on the road to becoming a European welfare state. And it breaks my heart. You can’t understand how much I love America. And I’m talking about the spirit of the American people, not the U.S. government.

Our country is amazing. You can spin up a business and a bank account in an afternoon. Try doing that anywhere else. The market size here is so massive that if you can add value, you will find a market to make your fortune. So many born and raised here fail to see just how amazing and opportunity-filled America is. That’s not a judgment. It’s an observation.

 

Preparing for the Future

I truly believe I was an American born in the wrong country. It’s as if someone spirited me from the hospital and dropped me off in a hospital in London. Growing up, I was so different from the people around me. I thought something was wrong with me. I didn’t realize at the time that my spirit was American. England never felt like home.

In my heart, I knew I belonged in America. That’s why I shed a tear every time I stand for our national anthem. So it pains me to see America follow the same road as Europe. It pains me to see the shelves bare at American grocery stores. It pains me to see hopelessness and resignation in the eyes of so many of today’s youth.

I’m not a politician. And I don’t care for the political polarization we see from both sides of the aisle in Congress. I can’t change that… But I can prepare for the coming changes in America. The welfare state is on its way here. It will soak the rich and middle class alike.

Our country is being dismantled by a set of beliefs that is killing the buying power of our dollars… choking the life out of innovation… and worse of all, brainwashing our children to abandon personal exceptionalism in the pursuit of collective mediocrity.

This is not the America I know. Am I just an old man with outdated beliefs? Perhaps I am. But where else but America could an uneducated immigrant from the foster care system go on to build a financial fortune? I know of no other place like our place: America.

So what am I doing to protect and grow my wealth? I’m already 1,800 words into what was supposed to be a 750-word essay. So I’ll save that for another day. For now, I will enjoy this Fourth of July. And I hope you do, too. Because even though I don’t like where our country is headed… I still believe in the American spirit. I still believe in the American people. I still believe in the free market and entrepreneurial spirit that made America the world’s greatest nation.

Let the Game Come to You!

 

New Opportunities Are Emerging For Citizens of The World.

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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.

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Tim Moseley

The Artist that came out of the Winter