The Relentless March East

March 25th, 2015 No comments

I was only 9 years old or so when my father told me that China would one day wake up, that it was a sleeping giant. Well it appears he was right. Since the mid-80s, when my interest in China was piqued by what Deng Xiaoping was up to in China, I have seen mounting evidence of China’s rise to global significance. And it’s not finished yet.

This drive by China to once again become a civilisation that matter, is driving the shift “East” that we are witnessing today. The western countries, mired in debt and welfare economies, are simply unable to compete with China’s “lean mean” approach to business.

I’ve spent a lot of time in China and can attest to the spirit of entrepreneurship that exists there, untrammelled by excessive regulation or high taxes. Being in that country and witnessing the energy and momentum that is so apparent, feels a bit like I imagine being in the “wild west” felt – pure adrenaline and opportunity.

However, we are being given mixed messages about China. We are constantly being told (especially by US sources) it’s about to implode, that it represents a “future danger”, and that it needs to be contained.

Well, that ain’t happening, as this insightful essay by Pepe Escobar reveals:

Westward Ho on China’s Eurasia BRIC Road

 

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The Decline of Empire

March 23rd, 2015 No comments

The world is changing. While most of the media concentrate on the superfluous, things are happening beyond public view that are changing the world order, as this short but interesting commentary attests:

The New Order Emerges

 

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Bitcoin: The New Gold Standard

March 16th, 2015 No comments

In this short 15 minute video, Xapo’s Wences Casares explains why Bitcoin matters and why most people are looking at the small details rather than the big picture. Worth a watch!

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Looking For a Bitcoin Debit Card?

February 24th, 2015 1 comment

While more and more online companies accept Bitcoin, and a number of “go-between” services have launched, making it easier to spend your bitcoins, the easiest option of all is to have a branded debit card with which to access your “coins”.

The process is simple enough, you just need a Visa or MC branded debit card that you can load with funds from the sale of Bitcoin. Another way to look at this is as simply a way to exchange Bitcoin for fiat currency. So instead of using an exchange to sell your bitcoins and withdraw to your bank account, you use a dedicated service which enables you to sell your bitcoins and immediately load the proceeds on to a linked debit card. From there you can use the card anywhere in the world.

Right now there’s not much choice out there, but I believe this will change during 2015. Meanwhile, in the video below I take a look at the currently available cards, including one I personally recommend and have tested myself.

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A Deeper Understanding of Bitcoin

February 19th, 2015 No comments

Bitcoin can be many things to many people. But what I find intriguing is how I keep discovering new ways to understand it and, as a result, value it more. The following essay by Nozomi Hayase is well worth a read in this regard.

Understanding Bitcoin And Its Disruption Through Its Roots

 

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Mike Maloney on Operation Choke Point

February 18th, 2015 1 comment

Mike Maloney talking about Operation Choke Point and how the US government is using this strategy to close down businesses it doesn’t like. This is serious stuff and a must watch video…

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How to Buy Gold With Bitcoin

February 16th, 2015 No comments

Bitcoin and gold have few things in common, including being a non-government form of money and having a limited supply. However, unlike gold, Bitcoin can be used as a currency also, with more and more ways to spend and transact in it.

So imagine a way you can buy bitcoins with gold, then sell that gold whenever you like and convert it back to bitcoins?

A couple of the services quoted in my video below make that possible:

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Territorial Integrity or The Right to Secede?

February 15th, 2015 3 comments

I don’t adhere to the notion of “territorial integrity” when it comes to nations defining their borders. All such borders are the results of wars and political machinations in the past – certainly not worthy of attaching the word “integrity” to.

Take Scotland’s recent independence referendum. No one went on about the “territorial integrity” of the United Kingdom. What was being discussed was the Scots’ right to “self determination” – and the referendum was about their right to secede.

Did anyone argue about their underlying right to do this? No, they didn’t. The arguments were all about such things as the Scots being either better or worse off as a result of such secession.

Now we come to Ukraine, where Russian speaking East Ukrainians want to effectively secede from Ukraine. But this time it’s supposedly different, we are told. The mainstream media are parroting the accepted political “wisdom” about the need to defend territorial integrity, and to use force against those seeking to break it.

Do you see a double standard here? I certainly do.

If the principle of self-determination was right for Scotland, and gave them a fully-legal referendum to decide on the issue, why are Eastern Ukrainians being denied the same option? Why are they being attacked by their own government, who call them “terrorists”?

When Bashar Assad of Syria began attacking his own people, the USA and its vassal states were all of one voice… “How dare he attack his own people!” And they were chomping on the bit to start a war against Assad. How different it is in Ukraine, where the government there has also declared war on its own people, while the USA and its “allies” cheer it on.

The idea of territorial integrity is “old thinking”. The new reality – although most dinosaur politicians haven’t realised it yet – is that people are increasingly seeking the right to self determination, as indicated by the many secessionist movements around the world. And while it’s true that on a political level the world has been moving to more centralisation – on an individual level, people are moving towards more freedom.

 

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Is Bitcoin Cheap Right Now?

February 15th, 2015 No comments

This is the perennial question. Most news media like to quote last years dramatic decline in price when talking about Bitcoin’s value. But who decided to look at just the year 2014 when making such assumptions?

You only have to look at the two year price chart to realise that Bitcoin was around $13 at the beginning of 2013 – so rising from there to what it is now, shows a completely different picture. And if you look at the “all time” chart, Bitcoin’s rise in price has been even more dramatic

It’s all a matter of time perspective, and what timeframe you are wanting to look at.

As I write this, Bitcoin is hovering around $250, and it may certainly be indicating the end of the long bear market. But what is Bitcoin’s price potential going forward?

Roger Ver Believes Bitcoin Could Be Worth Thousands of Dollars

 

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Ukrainians Resist Conscription

February 11th, 2015 1 comment

There’s a media blackout as to what is really happening in Ukraine – and I’m talking about the Kiev side of this – where people are leaving in droves in order to avoid conscription.

The following video shows a woman taking the microphone off a military officer who is making the rounds to collect conscripts, in order to denounce what Kiev is doing.

Read the full article here.

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