Tag Archives: finance

The Economy Only Looks Good If Your Eyes Are Closed

The Economy Only Looks Good If Your Eyes Are Closed

There are multiple little anecdotes and ways to say the same thing:

  • People see what they want to see
  • If it looks to good to be true it probably is
  • All that shines is not gold
  • Cheer up…it could get worse

….to name just a few.

But me…I've read The Bible and I'm looking for the signs of the Last Days that it talks about. 

Currently I see many of those sings everywhere I look. 

For example, traditional business metrics do not lie. They can't. 

Number readily available today point to a financial and monetary train-wreck much closer than most people don't want to see…therefore they don't.

Trump is nice to have come along right now but he doesn't represent the end of the war between good and evil. He only represents one battle won within it… just like an uptick in the stock market.

I would like to call my readers' attention to two article by one of my favorite trend analysts, Simon Black, founder of www.sovereignman.com. Simon recently wrote two very good articles that both talk about certain economic realities that only a fool (which there apparently are a lot of) would ignore.

Question…..

Do you know what a P.E.Ratio is?

You've probably heard the term. Here's what Investopedia.com says it is: 

For example, suppose that a company is currently trading at $43 a share and its earnings over the last 12 months were $1.95 per share. The P/E ratio for the stock could then be calculated as 43/1.95, or 22.05.

In this article, Simon ponts out that the P/E Ratio for the S & P Index is currently 26.5, a level only reached three previous times in the US economy, each of which immediately preceded a major financial disaster (the Panic of 1893, the 2000 dot-com crash, and the 2008 financial collapse).

That should make you feel real good, shouldn't it?

You can read the article for more detail and examples. As usual, Simon lays it out very simply and logically and to paraphrase what he says: deep do-do is just around the corner.

It just amazes me that people seem to be blissfully unaware or willfully ignorant of the factors that go into that conclusion. But I know what the Bible says. It says that in the End Time there will be:

  • Wars and rumors of war. (No kidding….Check!)
  • Nation against nation and kingdom against kingdom (No kidding…Check!)
  • People will be lovers of self. (Check!)
  • Good will be called bad and bad will be called good. (Check!)
  • Animals dying everywhere (Check!)
  • Earthquakes everywhere (Check…they're there…you just don't hear about them)!
  • Seas dying. (Check!)
  • A time of great contrast between rich and poor. (No kidding…Check!)
  • Israel blooming but increasingly abandoned by former friends.(Check!)

I'm sure there are a few other conditions I don't recall at the moment but my point is that it won't take much…not much at all… for this whole House of Cards to come tumbling down. Humanity is indeed dancing on the deck of the Titanic, and most of us have no idea what's ahead.

But…moving on…

In Simon's other article, which you can read here, he warns us that, "there are certain anomalies that are too absurd to last", and warns us that far too many US companies must have some of those Superbowl ad chimps making their corporate financing decisions for all the lack of wisdom shown.

To put their financial imbecility in simple terms: How is it possible that major companies like Exxon, Verizon, and many others seemingly can pay out more money in dividends that they have 'free cash flow'?

The answer is easy if you have a mind like those chimps: You just borrow it. They go deeper and deeper into debt.

And why wouldn't they be able to, considering that they get their money from banks which get it from governments that print it like it was so many coupons for a Penny Saver newspaper?

The result is that politicians get to keep their jobs because they can tell the plebeian masses that everything is just fine. Big corporations can tell their stockholders that everything is just fine. And 'We The People' suffer a continually declining standard of living and wonder why we seem to be working harder but not getting ahead and always in debt.

Trump is nice to have on the scene, but he's only one man. Apparently, he's a Christian and a patriot and does believe in the American Ideal. That's nice. He's doing what he should do. But his ultimate home is no more in 'this World' than any other Christian.

The way I see it, our mission right now is simply to get ready for Jesus, keep our head low, save as many unsaved as we can, give as many as we can something to think about when we're gone, and to piss off as many of the 'hard-heads' as we can so that they can get saved the hard way when the time comes.

Meanwhile, I personally keep waiting for a few last pieces of this puzzle to fall into place. I'm not convinced that all our problems are solved and, like the title of this article says, I think the economy only looks good if your eyes are closed.

 

Art Williams
Freelance Copywriter
email me 

We Should Be Scrutinizing The Banks With This Formula

We Should Be Scrutinizing The Banks With This Formula

This is a very short article but in this case 'size doesn't matter'.

I never realized how simple it is to check the 'strength' of a bank?

You'll probably be surprised how simple it is too. Just read this short article by Simon Black, founder of www.sovereignman.com.

As an aside, most people don't know it but Simon has some kind of accounting degree… as evidenced clearly by how much of that jargon and explanation he puts into his articles.

Simon has often written about the weak financial positions of not just US banks but the vast majority of banks worldwide. He often gives precise figures and explains why there are so bad.

But it wasn't until tonight that he got my attention by explaining the uber-simple formula of figuring it out one very important bank ration on my own. Yeah…the figures you need to plug into a quick computation are right there on the internet.

Read this article and take note of the simple formula (just two figures is all you need) .

I'm amazed it's so simple to see how shaky these banks are.

P.S. The carton in the article is hilarious too.

 

Art Williams
Freelance Copywriter

Contack email

 

What’s Going On With Coinbase vs. IRS?

What’s Going on With CoinBase vs. IRS?

 

Most people doing anything with cryptocurrency or Bitcoin have at least heard of the fracus going on right now between the IRS and the popular cryptocurrency exchange Coinbase.com . For those who might not be familiar with the situation or its significance, this is my summary based on the research I’ve done.

The IRS, as the Pursers of the Dark Side, is most assuredly a not big fan of Bitcoin and cryptocurrency. Apparently they recently identified 3 tax evaders who didn’t pay what the IRS thinks they should have in taxes. Since 2 of these 3 were Coinbase users, the IRS is stalking Coinbase now.

Note: (Note: “evasion” is illegal but “tax avoidance” is not)

Almost anybody who deals with government agencies or bureaucrats knows that the often don’t distinguish between what they have the legal authority to do vs. what they have the power to do. Frequently they do what they want anyway.

In the case of the IRS and cryptocurrency, the IRS does have some regulations regarding cryptocurrency reporting but they are muddled and unclear. The regulations (as I understand them) give various reporting requirements to cryptocurrency exchanges but rely on the ‘honor system’ (plus the IRS’s confused and complex regulations thus far) for declarations from the individual taxpayer.

In this case, Coinbase contends that it already complies with IRS regulations as they presently exist and further says that the IRS demand is too broad and burdensome and presumes the guilt of the entire Coinbase customer base.

Note: Looking at this IRS behavior it’s easy to see that Irwin Schiff, was right. Irwin was an expert on the US Constitution and US jurisprudence as it relates to the Federal Income Tax and its enforcement. His contention to his dying day was that was that the federal income tax was totally misunderstood by the average citizen and illegally interpreted and enforeced by the IRS… with the connivance of the US court system. He successfully defended himself from the IRS for years and also assisted many of his students in doing so he yet was eventually arrested and tried in an illegal “show trial”, illegally imprisoned, denied proper medical care, and died after over 10 years in prison.

Irwin’s great book, The Federal Mafia, still downloadable for free in PDF form on his website, www.paynoincometax.com, is a guaranteed eye-opener and gives a better understanding why cryptocurrency is surely something which keeps IRS agents, government fat-cats, and the industrial elite awake at night because it is a direct challenge to their control over the affairs of men and nations.

Many observers agree that the IRS will eventually get Coinbase’s records but it might be a short-lived Pyrrhic victory. If the general public continues to learn about and adopt the cryptocurrency and the blockchain, they eventually simply won’t need ‘big government’.  

What has recently rekindled interest in the IRS vs. Coinbase situation is that since the IRS has not thus far been able to intimidate Coinbase into giving up their customer records (because Coinbase knew the law), the IRS is using something it does have the power to do…i.e. Issue a “John Doe Summons”.

A John Doe summons is the type of summons which allows the IRS to force a company to surrender their customer records because the IRS says the suspect somebody (but they don’t know who) within the group is guilty of tax evasion.

Many people interpret the IRSs’ actions as simply a witch-hunt designed to intimidate the general public and virtual currency sellers into the charade of “voluntary compliance” and if the IRS gets away with this tactic with Coinbase, one can only wonder what they might do next.

Note: Irwin Schiff often correctly said that the US tax laws are extortion… not voluntary compliance. Anybody interested in this subject should delve into his excellent and timeless videos on YouTube.

But that what the ongoing saga of the battle between Coinbase and the IRS is about. Now you know. Is it a good idea to be a Coinbase customer right now? IMHO…. Probably not.
 

Art Williams
Freelance Writer
Case Studies and eMail Copywriting
eMail Me

 

Bitcoin: The True Democracy -Do you want the option to turn $50,000 into $3 million?

bcBitcoin: The True Democracy
Stefan Molyneux and Jeffrey Tucker

Do you want the option to turn $50,000 into $3 million? Wait, and also received $100,000 in private stock in a rising emerging state of the art Market Network, and that $3 million potentially turning into billions within a few years even within one year?

Visionaries, Internet Geniuses, and Network Wizards will be hosting the next webinar where you will understand what the Brexit effect, the Trump effect represent in the economies of 2017 and how you could make a modest investment today and become a multi-millionaire next year.

If you had invested $50,000 into Bitcoin at its beginning you would be worth $4.8 billion today. That was the first wave of what is to become a series of waves each one a bigger wave than the last one.

We are now staring at the next wave. It is right in front of us.

The True Democracy how the Blockchain not only brings wealth to the common man and woman, it also prevents war. Because the blockchain ends usury and usury is needed to finance war. So the blockchain architecture ends the ability to wage war.

Stefan Molyneux (A brilliant and very nice guy) discusses why war becomes obsolete in the decentralized world of the blockchain.

Make sure to join our conferences, you can find the calendar for our meetings in our calendar here.

 

Join our Cybercoin Group here:
https://markethive.com/group/cryptocoin

Thomas Prendergast
Founder and CEO
Markethive Inc.

Bitcoin: The True Democracy – Stefan Molyneux and Jeffrey Tucker

bcBitcoin: The True Democracy
Stefan Molyneux and Jeffrey Tucker

Do you want the option to turn $50,000 into $3 million? Wait, and also received $100,000 in private stock in a rising emerging state of the art Market Network, and that $3 million potentially turning into billions within a few years even within one year?

Visionaries, Internet Geniuses, and Network Wizards will be hosting the next webinar where you will understand what the Brexit effect, the Trump effect represent in the economies of 2017 and how you could make a modest investment today and become a multi-millionaire next year.

If you had invested $50,000 into Bitcoin at its beginning you would be worth $4.8 billion today. That was the first wave of what is to become a series of waves each one a bigger wave than the last one.

We are now staring at the next wave. It is right in front of us.

The True Democracy how the Blockchain not only brings wealth to the common man and woman, it also prevents war. Because the blockchain ends usury and usury is needed to finance war. So the blockchain architecture ends the ability to wage war.

Stefan Molyneux (A brilliant and very nice guy) discusses why war becomes obsolete in the decentralized world of the blockchain.

Make sure to join our conferences, you can find the calendar for our meetings in our calendar here.

 

Join our Cybercoin Group here:
https://markethive.com/group/cryptocoin

Thomas Prendergast
Founder and CEO
Markethive Inc.

State of The World From A Coffee Drinkers Point of View

State of the World From a Coffee Drinkers Point of View

This article is admittedly not extremely focused. At least…not in the traditional sense. But I think it does make 'sense'. This morning after getting my cup of great tasting, weight-loss coffee I went to scan the news. First I noticed an interesting article from wnd.com basically saying that Patriots and Christians could lose the upcoming POTUS election if the sissy Christians and 'Never Trumpers' don't vote (which it seems that a lot are inclined to do). (Sorry I can't find the article in my digital trash).

Next, I read this article from one of the regular writers over on one of my other favorite sites, sovereignman.com. In that article, the writer described how history shows clearly that market-makers (i.e. the 'professional' money-managers) will indeed spread stupid advice, even though they actually know better.

They do it because (1) everybody else is doing it and (2) they don't want to miss out on the profits of a rising market (even though the fundamentals clearly point to the opposite decision).

So just step back and look at that situation for a moment. We've bad guys circling the camp, hungry for our blood, in front of us…AND we've got idiots on your own side hanging out sitting at home watching Archie Bunker re-runs instead of being out piling boxes on the barricades where they should be.

Is it any wonder that the number of people saying, "Hey…fuck this shit. I'm moving to Camincreasesincreses every year. NB: Fill in the name of your favorite expat destination…mine is Colombia right now but Cambodia would be a good option too from what I've read.

I'll tell you one thing is for sure. Most of 'the professionals' have gone totally bonkers. The peaceful, relatively rational society we used to know no longer exists. There isn't any such thing as just minding your own business and going to work and doing your job anymore. Traditional jobs don't exist and your neighbors are all illegal immigrants, or would be if our Great Deceiver or his protege Hillary had their way.

One of the anti-moron, anti-poverty strategies mentioned in the Soverignman.com article mentions investing in fundamentally sound business. But if Big Business is all nuts…where can a person find a fundamentally sound business?

The answer, in general terms is…become an entrepreneur and plant multiple flags for residential, taxation, and passport purposes. Don't get caught in a situation were a corrupt, tyrranical government has you by the short hairs.

In more specific terms, one excellent strategy (although admittedly somewhat contrarian) is to find a good MLM opportunity, something that can be done from anywhere in the world with only an internet connection, and get busy building it.

Key Point: It's got to be the combination of the Right Product and the Right Distribution Method.

I don't know if there is a lot of those kinds of situation but I do know of at least one ….. the one that I do. It can be summed up in this thought-provoking question:

"Who do you know who likes coffee and would like to lose some weight?"

If you had a product that would actually do that, do you think you could make some money?

You'll find the entrepreneurial answer to that question in the unique, once-in-a-lifetime alignment between two companies: (1) Valentus, an MLM company with a unique, affordable, weight-loss coffee product that even sells very well on eBay, and (2) Markethive, the world's first, fully combat-ready Market Network.

And don't think your situation is not going to get any better either. It ain't.

You've got two choices: Watch the world go up in flames and join the fleeing crowds in the street, or (2) watch it all in the news on your satellite TV from someplace peaceful, safe, and fun where you'd really like to be.

We're recruiting and training the Next Generation of no-base, progressive, MLM industry leaders right now. It's a rare combination of the right products, the right companies, the right leadership, and the right tools. Join us (for free) in Markethive and learn more.

Series B – Say What!?

"Series B – Say What!?"

I hate it when people assume I know something I could easily understand if they'd just get out of their own little world and get into mine. Such an instance occurred just a few days ago with this article which discussed the new buzzword, 'market network'. 

Notice that at the end of the very first sentence you see the phrase, "…HoneyBook announced a $22 million Series B*.

My very first reaction to that was, "Whaaat??!!" But as I read through the article I sort of got the general idea of what they were talking about…"Series B"….yeah, sure. Like…money and investiing and stuff. But frankly I don't like it when writers use terms that their readers probably aren't familiar with. It's very frustrating to people who actually read. NB: Some people talk that way too… but that's another article. 

It's frustrating because written communication doesn't have the benefit of the spoken word and face to face contact….i.e. visual signaling through eye contact, body language, and trial closes. For that reason, a writer who wants people to understand and appreciate what they're writing will seldom, if ever, use terms the reader isn't likely to know.

As the inquisitive guy I am, I did some research on the term Series B. That term simply refers to one of the earlier stages in the equity funding of a company (NB: "equities" usually refers to stock ownership, i.e. ownership interests or positions in a business entity).

Here is an informative page with some text which explains what Series B means and also has a very short video explaining the term. If you're a Markethive community member you would be wise to have an interest in such things because we´´ might be closer than most of us realize to being involved in such a thing…i.e. we might be doing our own Series B in the near future.

Another item from the article that I thought worthy of reiteration and illustration is the following diagram:

It thought it would be worthwhile to remind readers that the green circle is a type of site that most of us are already very familiar with. The green circle is social sites like Facebook. Our fearless leader, Tom Prendergast, CEO of Markethive, has recently pointed out something that many us already knew, i.e. the world doesn't need another Facebook. The majority of content on Facebook and similar sites is worthless drama, meaningless sabre-rattling and posturing, pontificating, and bullshit. The world really doesn't need any more time-wasters like Facebook.

The other type of site, the 'marketplace' type of site on the left side of the diagram, is a more recent development on in the internet environment. We know those too. They are sites like AliBaba, Amazon, and Etsy, and other, where vendors sell stuff. People go to these sites because they have a regard for the quality and/or service they get there.

The third circle, the blue one, is represented by a term that few people outside certain niches of the internet know… "SaaS" or 'Software as a Service'. This is simply a useful functionality of some sort which you use via your computer. The difference is that the software that makes it happen isn't on your computer. It's somewhere else.

What is unique about 'market networks', as represented by the confluence of these three circles, is that it uses SaaS to facilitate the connection between the networks of people (i.e. the consumers) to the marketplaces that have something they're looking for.  

The market network also removes most of the burden of traffic generation from the vendors on the marketplace too. Traffic that they have previously had to acquire on their own, by more circuitous and laborious means, is now facilitated by the interconnection with the 'networks'.

For example, eBay, Amazon, and AliBaba sellers previously had to hustle to get attention to their 'stalls' in their respective marketplace. As I understand, on a market network site, the presumption is that their value proposition will be a bit more apparent and they will be able to focus more on their own quality and service and less on 'getting traffic' with the presumption that the consumer, i.e. the average dudes from the green circle, will have a better buying experience.

In my view, the most unique factor in this new marketplace paradigm is the software itself and the design elements of the systems themselves. Conceivably there could be some differences between various market networks relative to what product or service they actually deliver, i.e. consumer goods vs. travel services vs. financial services, etc.

One this is certain: People or organizations who can figure out and actualize these ideas will make a lot of money. In fact, considering that the term itself is brand-new, it might even be that there are some entities on the internet that are closer to already being a functional market network that even they themselves realize (Markethive.com?)

It's even conceivable that there could be market networks specifically for home based business opportunities…. keeping in mind that it is no longer true that a legitimate business has to even have a centralized geo-presence anywhere. It doesn't.

So, we see how the face of business is changing as the ways that buyers and sellers connect with each other. The internet has made this possible. Basic fundamentals indeed are changing and this is a good time for entrepreneurs who see it for what it is and/or are interested in pushing boundaries.

And it's also easy to see that these changes are probably pretty scary to established players who aren't very excited about having to go back to work to reinvent their business model.

To project a bit further into the future, just imagine what a new definition of 'money' itself will do the nature of entrepreneurship, business, and society. I'm referring of course to cyber currency.

If you're a home based business entrepreneur you will recall that over the last few years there have been several cyber currency scams in the MLM niche. All of them have gone down in flames. People apparently really 'ate it up' what they were offering.

I was one who wrote in several articles (with a previous employer) that I would never consider any cybercurrency centric MLM opportunity. But what would happen if somebody was able to really pull it all together, do it correctly and legally, and make the idea of cyber currency work in a Denentralized Autonomous Organization (DAO) encompassing Market Networks?

Depending on your perspective, these ideas are either fascinating and exciting or scary and foreboding.