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The Great Taking: The Latest “Anti-Mainstream” Conspiracy
The Great Taking: The Latest “Anti-Mainstream” Conspiracy A new book has exploded on the alternative / conspiracy / fringe landscape over the past few weeks – I don’t mean that in a derogatory sense. Zerohedge, Bombthrower Media, et al, we all occupy this space. Let’s call it, “anti-mainstream”. The book is called “The Great Taking” […]
Nigeria Limits ATM Withdrawals To $45 Per Day To Force Govt-Controlled Digital Payments
Nigeria Limits ATM Withdrawals To $45 Per Day To Force Govt-Controlled Digital Payments A staggering number of Nigerians love Bitcoin, but hate government cryptocurrency (CBDCs). In April, leading cryptocurrency exchange KuCoin noted that 35% of the adult population in Nigeria – roughly 34 million adults aged 18-60, own bitcoin or other cryptocurrencies. But when it came to the country’s Central Bank Digital Currency […]
Martial Law in Canada: It’s never been riskier to NOT own Bitcoin
Martial Law in Canada: It’s never been riskier to NOT own Bitcoin Welcome to the era of civil asset forfeiture for your bank accounts. Where governments are woke, broke, and the new f-bomb is Freedom. Christia Freeland’s edict tonight that the government can now seize bank accounts with no due process and no recourse could […]
Bitcoin, 2022 and the Real Story Behind COVID-9/11
Bitcoin, 2022 and the Real Story Behind COVID-9/11 I don’t necessarily like to do so-called ‘annual prediction’ posts. Having written a ton of them for the newsletters I’ve written over the years, looking back on them is always a bit cringe-inducing. But 2021 was a crazy year and one where so much happened that changed […]
It’s The “Most Honest Market We Have” – Peter Thiel Warns Bitcoin Exposes Our Current “Crisis Moment”
It’s The “Most Honest Market We Have” – Peter Thiel Warns Bitcoin Exposes Our Current “Crisis Moment” Outspoken billionaire Peter Thiel said this week at at the National Conservatism Conference that the high price of bitcoin is an indicator of U.S. inflation, which has also recently touched a 13-year high. “You know, $60,000 bitcoin, I’m not sure that one […]
Why the West can’t ban Bitcoin the way China did
Why the West can’t ban Bitcoin the way China did Only a complete “dictatorship of the proletariat” can kill Bitcoin Evergrande is being called China’s “Lehman moment” and overnight the PBC closed the loop on their clampdown on crypto with a total ban on virtual currency transactions. For those paying attention, however, China isn’t just […]
We’re in a Bubble that’s Too Big To Fail
We’re in a Bubble that’s Too Big To Fail I’ve been hearing the phrase “Everything Bubble” come up more often lately. This isn’t a new phrase, Graham Summers was among the first to coin it in his 2017 book “The Everything Bubble: The Endgame for Central Bank Policy”: “The Everything Bubble chronicles the creation and evolution […]
Dave Collum’s 2019 Year In Review: “I Fought The Fed, And The Fed Won”
Dave Collum’s 2019 Year In Review: “I Fought The Fed, And The Fed Won” Authored by David B. Collum, Betty R. Miller Professor of Chemistry and Chemical Biology – Cornell University (Email: dbc6@cornell.edu, Twitter: @DavidBCollum), “I hope David comes to his senses.” ~ Nassim Taleb (@nntaleb), best-selling author and Professor at NYU Every year, David Collum writes a detailed […]
The Phantom Mania
The Phantom Mania There’s nothing of substance underlying the current market melt-up Well, stocks are back at all-time highs. Ignited by the Fed’s “Not-QE” program and endless Trump administration teases of an “imminent” China deal, the S&P 500 has been propelled above its upward Bollinger band — a hyperextension only seen one other time since […]
Your Move, Gold Critics: Please Explain What Money Is
Your Move, Gold Critics: Please Explain What Money Is Owners of Bitcoin have endured a wild ride in recent years. While the coin could fetch $900 when 2017 began, one year later its value briefly moved above $20,000. At present, one Bitcoin exchanges for roughly $5,000. The coin’s substantial volatility ably explains why, at least […]
2018 Year in Review
2018 Year in Review The year everything changed Every year, friend-of-the-site David Collum writes a detailed “Year in Review” synopsis full of keen perspective and plenty of wit. This year’s is no exception. As with past years, he has graciously selected PeakProsperity.com as the site where it will be published in full. It’s quite longer than our usual […]
“But, it’s not backed by anything?”
“But, it’s not backed by anything?” One of the most common arguments against Bitcoin is that it is not backed by anything. That it’s price is just speculation. But what does it mean for an asset or a currency to be backed by something in the first place? To find this out, we first need […]
Meet The Finance Professor Exposing Rigged Markets One Academic Paper At A Time
Meet The Finance Professor Exposing Rigged Markets One Academic Paper At A Time Finance professor John Griffin, along with his doctoral student companion, Amin Shams, were the two academics that drew market-moving conclusions about bitcoin last year, while the digital currency was trading around $20,000. After sifting through 2 terabytes of trading data, they alleged that […]
Hot War and Cold Markets
Hot War and Cold Markets This is turning into a comedy. A black comedy, for sure, but still. As both the Skripal novichok ‘poisoning’ case in Britain and the ‘chemical attack’ in Douma, Syria fall flat on their faces on a total and absolute lack of evidence, it’s becoming clear that western ‘authorities’ are not […]
