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Bitcoin is Pretty Much Dead, Says Teenage Crypto Phenom

Finman can see another bull rally or two, but the long-term outlook is dire

[Ed. Note: At $20,000, all the headlines said it was going to a million. At $3,500, all headlines predict it going to $0. It never ceases to amaze me how utterly useless most of these headlines generally are as anything other than a contrarian signal.]

by Aaron Hankin
Market Watch

Erik Finman, who became a teenage bitcoin millionaire during the crazy run to $20,000, has warned bitcoin maximalists — believers in the world’s best-known cryptocurrency — that the long-term outlook is bleak.

Finman hit the headlines as a teenager in early 2018 when his rags to riches bitcoin tale made him an overnight superstar. At the age of 12, Finman began to purchase bitcoin with a gift from his grandmother.

But the bitcoin early adopter has warned investors that putting all their eggs in one basket is a mistake, saying the largest digital currency has a finite shelf life.

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Macron is the Face of the Carbon Tax Failure

from Rebel Media

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I Can Solve This

by Karl Denninger

Still think this is no big deal eh?

One path tracks someone from a home outside Newark to a nearby Planned Parenthood, remaining there for more than an hour. Another represents a person who travels with the mayor of New York during the day and returns to Long Island at night.

Yet another leaves a house in upstate New York at 7 a.m. and travels to a middle school 14 miles away, staying until late afternoon each school day. Only one person makes that trip: Lisa Magrin, a 46-year-old math teacher. Her smartphone goes with her.

An app on the device gathered her location information, which was then sold without her knowledge. It recorded her whereabouts as often as every two seconds, according to a database of more than a million phones in the New York area that was reviewed by The New York Times. While Ms. Magrin’s identity was not disclosed in those records, The Times was able to easily connect her to that dot.

Dozens of firms receive this information; the Times cites 75 they were able to identify.

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All Bubbles Must Pop … The Sooner, The Better

from RonPaulLibertyReport

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Crash Alert!

by Bill Holter
Gold Seek

People continually ask “when” will it happen? For the last 6 months we have responded “it is happening right before your very eyes”! In fact, as of this morning 52% of global markets are now down over 20% from their highs and qualifying as bear markets. Please understand the financial backdrop these weakening markets are falling into. Bluntly, the world is facing a giant margin call that cannot be met.

Liquidity had become extremely tight even as markets made their high water marks. It is this lack of liquidity which threatens to become a self reinforcing flash crash to hell via margin calls. “Don’t worry” they say, central banks will come to the rescue.

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Federal Bureau of Entrapment | The Andrew Klavan Show Ep. 626

from The Daily Wire

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S&P 500: How Long Can This Go On?

by Mike ‘Mish’ Shedlock
Mish Talk

The S&P 500 is testing the 2550-2600 level for the 6th time this year. How long does this go on?

Poll: When Does Support Break?

1. Dude, this is it.
2. Sorry bears, It’s a permanently low bottom.
3. First quarter of 2019
4. Hold your horses, later in 2019

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Gerald Celente – Top 10 Mega-Trends of 2019

from Trends Journal

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Gold-Stock Triple Breakout

by Adam Hamilton
Zeal LLC

The beleaguered gold stocks are recovering from their late-summer capitulation, enjoying a solid young upleg as investors gradually return. Their buying has pushed the leading gold-stock ETF near a major triple breakout technically. That event should really boost capital inflows into this sector, accelerating the rally. A major gold and gold-stock buying catalyst is likely imminent too, a more-dovish Fed next week.

The gold miners’ stocks have always been a small contrarian sector, a little-watched corner of the stock markets. But they’ve been even more unpopular than usual in recent months. That pessimistic sentiment is driven by price action, which has mostly proven poor in 2018. That’s really evident in the performance of the flagship gold-stock investment vehicle, the GDX VanEck Vectors Gold Miners ETF which is struggling.

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“My Mother Wishes She Had Aborted Me!” Freedomain Call In

from Stefan Molyneux

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In Explosive Interview, Cohen Says Mueller Has “Substantial” Evidence Against Trump

from Zero Hedge

Former Trump attorney and purported “fixer” Michael Cohen kicked off his PR campaign to win a lighter sentence on Friday (two days after a federal judge sentenced him to three years in prison) with a long-winded interview with Cohen’s favorite daytime TV personality – ABC’s George Stephanopouloswhere he tried to convince the public to believe his testimony about President Trump by claiming that he ‘flipped’ on the president, not to save his own skin, but to do right by his family and his country.

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A Crackdown on Cash and Bitcoin? Curbing Crime vs. Empowering the Surveillance State

from ReasonTV

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Soviet Dissidents and the Weaponization of Psychiatry

by Mark Hendrickson

The New York Times obituary opened with a simple recitation of facts: “Zhores A. Medvedev, the Soviet biologist, writer and dissident who was declared insane, confined to a mental institution and stripped of his citizenship in the 1970s after attacking a Stalinist pseudoscience, died … in London.”

Zhores Medvedev, his twin brother Roy (still alive at 93), the physicist Andrei Sakharov, and the Nobel Prize-winning novelist Aleksandr Solzhenitsyn were leading dissidents. They courageously put their lives on the line to smuggle manuscripts out of the Soviet Union. They wanted the wider world to learn the truth about the “the workers’ paradise” that so many Western intellectuals (some deluded, others having gone over to the dark side) praised.

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