Questions from a military man

By Benjamin Fulford Letters to the Editor 6 Comments

Benjamin:

I�ve been a follower for a while, and I�m a retired military with a high clearance. I have a couple of questions.

First, what part of DoD are these folks working in who are discussing the cabal? I worked in both the agencies and the DoD and never saw any of the things you mention. I�m curious how they can keep things a secret within the ranks. Bear in mind that I was privy to a lot of information and had a need to know with some of it but never saw any of this information.

Second, how do we win? How do we out the MSM and get this information out to the public?

Best,
SM

Hi SM:

First of all, there is a lot of confusion with terminology, with people meaning different things. For example, when they use the word �Illuminati,� for many it is a general catch-all phrase for the tip-top of the elite. In the real world, there are two groups who call themselves �Illuminati.� One is the descendants of the Caesars and the ruling bloodlines of Europe. The other is opposed to bloodline rule and claims to have started the American, French, and Russian Revolutions. In my work I refer to the latter as Gnostic Illuminati, and the former as P2 Freemasons or British Royal family, depending on which faction of the bloodlines I refer to. Remember that as a reporter I got this information first-hand by meeting representatives of these groups.

The trick is to follow the money to understand what is going on. What we are dealing with is a faction among the families that control the privately owned central banks.

For convenience and ease of understanding, I use �Khazarian mafia� as a catch-all phrase for the ruling factions engaged in high-level criminal activity. You would probably have used phrases like Israel, the Israeli lobby, neo-cons, and oligarchs to describe the same groups.

In any case, the key to removing their power is to remove their control of the Western central banks and the Fortune 500 companies. These are all controlled by about 700 people.

Concerning the media, the trick is to occupy the corporate headquarters of the six conglomerates who control 90% of the media and arrest their top management and controlling shareholders. A lot could be accomplished by arresting the Sulzberger family who own The New York Times. They could and should be charged as being criminally complicit, for example, in the crimes of 9/11.

What you also need to understand is that Donald Trump is controlled opposition who was bailed out by the Rothschild family each time he went bankrupt. That is why he has failed so far to round up the people involved in 9/11. This can be confirmed through open sources.

�BF

2018-08-23

Guam citizens should have the right to vote in U.S. elections

By Benjamin Fulford Letters to the Editor 3 Comments

I am writing on behalf of the governor of Guam, Eddie Baza Calvo, to ask you to consider publishing his recent letter to President Trump.

Governor Calvo Letter to President Trump-A Veteran A Vote

Guam is a tiny western Pacific U.S. territory, one-third of it occupied by two U.S. military bases, taken as spoils of war in 1898 and 1944. Its indigenous people (the Chamorros) have long struggled for civil rights as well as political self-determination. No one resident on Guam can vote for president or vice president of the U.S., although they are U.S. citizens by birth.

The governor is attempting to draw attention to the injustice of this issue with his initiative �A Veteran, A Vote,� because Guam has the highest military enlistment in the States or territories (one out of every eight adults), while being dead last in veterans funding. We have highly decorated service members, such as former Congressman and Brigadier General Ben Blaz, USMC (Ret.), and Command Sgt. Maj. Martin Manglona, U.S. Army (Ret.).

Our non-voting delegate to the U.S. House of Representatives, Madeleine Bordallo, is preparing a House resolution on the issue as well.

We believe that at a time when the country is debating the rights of immigrants, this is a good time to remind the conscience of our nation of the rights of our veterans, and the rights of those who are already U.S. citizens.

On a personal note, I was born in Michigan to descendants of Irish and German immigrants and, when I moved to Guam in 2012, I too lost my right to vote. As a longtime admirer of the suffragettes who won women the right to vote, I often wondered if I would have the courage they did. Now I am finding out just how hard it can be to win attention even for a good cause.

Please consider helping our cause for civil rights by publishing the letter below. I am also attaching a copy of the governor�s letter to the White House, some members of Congress, governors of other U.S. territories, and some members of the Cabinet.

Thank you for your time and attention.

Elizabeth (Isa) Bowman, Ph.D.
Special Assistant
Ufisian i Maga�lahin Guahan
(Office of the Governor of Guam)

AN OPEN LETTER TO THE NATION
From Gov. Eddie Baza Calvo

My Fellow Americans:

As another Fourth of July passes, in which our nation celebrates our independence from colonial Britain, and as debates over illegal immigrants continue to rend at the fabric of our unity, I ask you to join me in considering the rights of our own U.S. citizens in our island territories.

As the governor of the U.S. territory of Guam, I bring to your attention a matter of great importance to our nation�the plight of the U.S. veteran.

Our island of Guam is an American stronghold in the western Pacific and the �tip of the spear� in safeguarding our national security. Our people are among the most patriotic of Americans:

One-third of prime land is occupied by U.S. naval and air force bases.
Guam has the highest per-capita enlistment in the U.S. military.
One out of every eight Guamanians has served in the U.S. Armed Forces.
The casualty rate for Guam service members in Iraq and Afghanistan is 450% higher than the national average.
Four thousand U.S. patriots are buried at the Guam U.S. Veterans Cemetery.

So many of Guam�s veterans laid down their lives, and thousands more fought and bled on foreign shores in the service of America�s noblest ideal�the defense of democracy. Today, sons and daughters of Guam continue that legacy of service. Yet, despite this, not one of these U.S. citizens can participate in the democratic process with a vote for their Commander-in-Chief, the American president.

This tragic irony affects thousands of our American citizens and military veterans living across the U.S. territories: �Equal in war, unequal in peace,� as our late delegate from Guam, Brigadier General Ben Blaz, USMC (Ret.), told Congress. Would we permit this to happen anywhere else�on the streets of Brooklyn, or in the small towns of Illinois�for those who gave their very lives to our nation?

�America, My Irony� is a memorial poem about the Guam U.S. Veterans Cemetery. The Guamanian-American author, Joseph W. Duenas, is the son of a 27-year veteran of the U.S. Army. His message resonates with our veterans, our military families, the U.S. citizens of Guam, and all brothers-and sisters-in-arms across the United States: �And stacked four-high in concrete crypts, the U.S. soldiers lie; no voice or vote for president; democracy denied.�

American veterans residing in Guam and other U.S. territories have served our nation tirelessly for generations now, advocating with force of arms to protect our rights. At a time of heated national debate, when voices are raised high for the rights of non-citizens and immigrants, whose voices are raised for their rights?

My fellow Americans, we have fallen short in advocating for the rights of our most honored citizens�our veterans. It is time to right this wrong. Where there is a veteran, there must be a vote.

EDDIE BAZA CALVO is the governor of Guam and a U.S. citizen who cannot vote for president.

America, My Irony
On this month of Independence & Liberation, we reflect on Guam�s greatest generation. We honor those Guamanians, past and present, who have served the USA.

Watch the Video: �America, My Irony� (2 min):
https://www.youtube.com/watch?v=sflb1VGnzR4

2018-08-21

Issues simmering over the summer may lead to war in the autumn

By Benjamin Fulford Weekly Reports 174 Comments

Several issues could trigger a brief, sharp war inside the U.S., in the Middle East, and possibly even in Japan this autumn, multiple sources agree. The key issue remains 9/11, a mass-murder event that remains unpunished and officially unacknowledged to this day. The 9/11 war crime was used as an excuse for the mass murder of Iraqi, Syrian, Afghan, and other peoples. Furthermore, if you dig deeper, it ties into the Kennedy assassinations of the 1960�s, the murder of Martin Luther King, as well as the December 26, 2004 and March 11, 2011 human-induced tsunami mass-murder attacks among many other crimes against humanity.

It is interesting to note, by the way, that the 350 or so corporate publications that last week simultaneously put out editorials calling for freedom of the press have not dared to write the truth about any of these crimes against humanity. That�s because they are mostly owned by the people who carried out these crimes�the Khazarian mafia.

https://www.cnn.com/2018/08/16/politics/newspaper-editorials-trump-list/index.html

When is The New York Times and the rest of the corporate propaganda media going to write that it was the Zionist neo-cons who planned and carried out the 9/11 attacks? When are they going to write about what was in all the Kennedy assassination documents that were recently released? Why don�t they write that it was Israeli Prime Minister David Ben-Gurion, working under orders from his Khazarian Rothschild masters etc., who ordered the Kennedy assassinations? Why don�t they report the truth like they are supposed to?

The complicity in crimes against humanity by these media outlets, controlled by six Khazarian conglomerates, means they are enemies of the people and need to be occupied by military police and forced to write the truth.

https://www.businessinsider.com/these-6-corporations-control-90-of-the-media-in-america-2012-6

The truth, as readers of this newsletter know, is that the Khazarian faction of the Western establishment carried out these and countless other war crimes to remain in control of the world�s financial system and thus true world power. As a member of the British royal family once told me, �They are not going to go quietly into the night.� In other words, it is going to take all-out war to remove these criminals.

A lot of people think U.S. President Donald Trump is going to be the man to end Khazarian rule and tell people the truth. Well, so far, since being elected, he has not said anything about 9/11, Fukushima, or other war crimes. You can also confirm through open source news articles that, as a businessman, he was bailed out by the Rothschilds each time he went bankrupt.

Of course, Trump would never have been allowed to run for President if he was not controlled through the usual combination of bribery and blackmail. However, even then Trump was scripted to lose the election. It was patriots in the military and the ABC agencies who decided he was the lesser of two evils and used Special Forces to break into the computer centers (like the one under Denver Airport) that were being used to steal the election for Hillary Clinton (Rockefeller).

Also, thanks to the military backers of the Trump regime, enough U.S. officials involved in crimes against humanity have now been removed from power for the next phase of the revolution to begin, Pentagon sources say. The sources say that starting this autumn�

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2018-08-13

China�s AI �Goddess� and the East/West AI competition

By Benjamin Fulford Weekly Reports 363 Comments

Notice to readers: This is the last of our three pre-written reports. We will return to our usual weekly news format next week. Your patience and understanding have been appreciated.

Last year, Russian President Vladimir Putin said whoever leads in AI (Artificial Intelligence) �will control the world.� The Chinese took these words seriously and are investing huge sums of money in an effort to create an AI �Goddess.� They hope it will give them unprecedented powers and help them in their bid to form a world government, according to members of Asian secret societies.

The West, for its part, is building a quantum-based financial system they hope will allow them to continue to control the main source of world power�the international financial system.

This battle is serious, and it even led to the Chinese supercomputer Tainhe-1�at one point the world�s fastest�to be blown up by unknown parties on August 12, 2015. The fact that this explosion came immediately after a sudden unannounced 4% devaluation in the Chinese yuan was almost certainly no coincidence. The fact that the European-headed IMF supported this move shows that the European faction of the Khazarian mafia was in on the plot.

Clearly, some sort of Chinese and European Khazarian attempt to use the devaluation and the supercomputer to destabilize U.S. dollar-based Western financial system did take place and was met with a kinetic response.

Now fast-forward to the third-year anniversary of this explosion. As of June 2018, the U.S. Department of Energy surpassed the Chinese with the world�s fastest publicly acknowledged computer. The system�called Summit�can process 200,000 trillion calculations per second, or 200 petaflops. That�s eight times faster than America�s former top supercomputer, the Titan, and it maintains a big lead over China�s 93-petaflop TaihuLight, which had been the world�s fastest supercomputer since 2016.
https://www.energy.gov/articles/oak-ridge-national-laboratory-launches-america-s-new-top-supercomputer-science

http://fortune.com/2018/06/09/america-makes-worlds-fasts-supercomputer-title/

No doubt the Chinese will soon announce something even faster than that as the AI �arms race� continues. These days, though, the Chinese, instead of concentrating on finance, are taking a different tack with a �Goddess� project.

Representatives of an Asian secret society explained the goals of the new Goddess project to this writer earlier this summer. As it now exists, the Goddess can identify anybody�s face and within 7 seconds pull up all the data available on that person �such as their blood type.� The data also almost certainly includes (to those who are authorized access) the person�s educational records, medical records, criminal records (if any), their address, family members, close friends, insurance, private messages, financial situation, gaming duration, smart-home statistics, preferred newspapers, shopping history, dating behavior, their �social credit score,� etc. All of this within 7 seconds. They can also follow a person �anywhere on earth,� the sources say.

The real aim of this Goddess project, though, is to�

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2018-08-06

Secret societies, secret services and religions: The current balance of power

By Benjamin Fulford Weekly Reports 384 Comments

Notice to readers: This is the second of three pre-written reports as we continue our summer �digital detox.�

The secret war for the planet earth has been intensifying and is headed for some sort of climax. For that reason, before the autumn battles begin, it�s a good time to look at some of the world�s most important secret societies and the governments, religions, and agendas they are associated with.

The first thing people must understand when looking at this issue is that in the real world, spy agencies, secret societies, and armies are subservient to religions. The reason for this is that even though Mao Tse-Tung said, �Power grows from the barrel of a gun,� it really grows from the mind of the person holding the gun. So the battle for the planet earth is really a battle for the hearts and minds of the people who really count during a power struggle�the warriors.

Let�s start with the Asian secret societies. Overall, their view right now is that the West has ruled the planet for long enough and now it�s their turn. However, the Asian secret societies, just like their Western counterparts, are divided into several competing groups.

The biggest is probably the Hongmen, with 55 million members, mostly located in China and in Asian communities around the world. Chinese President Xi Jinping is a member of this group. It can be seen as a sort of combination between a chamber of commerce and a gangster group. This sort of thing, by the way, is true of Western secret societies, too, because wielding big money and big power requires protection. The Hongmen are closely linked to, but not the same as, the Chinese Communist Party. Their hierarchy is based on meritocracy and not bloodlines. There is a Taiwan-based splinter group as well, but they are losing influence and power due to poor leadership and the betrayal of their March 19th secret pledge.

The Hongmen say they want a world government so that humanity can live in peace and prosperity. However, based on my personal experience with them, they need to become more multicultural if they are to succeed.

The second major Asian group is the Dragon family. This is a grouping of old royal bloodlines with their networks of retainers and their stashes of historical gold. They are strongest in Taiwan, Northern China, and Southeast Asia. North Korea is one of their main strongholds, since that country is the real heir to the Manchu Dynasty which ruled China during the Qing Dynasty (1644-1912). They are also strong in Northern China, Japan, and Mongolia. They are the heirs of the Mongol warriors, and any country whose name ends in �-stan,� such as Pakistan or Afghanistan, has a strong Mongol heritage. The Dragon family has close links to European royal families and also believes in a world government, but they think hereditary bloodlines and constitutional monarchies are needed to provide such a government with stability and continuity.

Another grouping that used to be very powerful was the Black Dragon Society (BDS). They were behind the World War 2 Imperial Japanese push for a greater East-Asian Co-prosperity sphere. This group thought the Nazis would win World War 2 and would proceed to try to enslave and then eliminate the Asian and non-white races, as Hitler indicated in Mein Kampf. The BDS was very successful in recruiting non-European people around the world in their bid to end European/Western rule. However, as an African-American activist explained to this writer, �We were all in favour of their aims, except that they told us we all had to become Japanese and obey the Japanese.� There are several organizations that claim to be heirs of the Black Dragon Society, but none of them have any real power.

The other big Asian secret society is the Blue Dragon, and they are the heirs of the Assassins. They are strong in Persia (Iran) and the Muslim world, especially the Muslims of India. They believe a great leader called the Mahdi will emerge and rid the world of evil before the End Times. This group, though lacking a clear leader, is working towards the common goal of liberating the Muslim world, especially the Middle East, of neo-colonialist rulers.

There are other Asian groups and subdivisions such as the Shinto-connected Three Legged Crow, but they are not major players in the current battle for the planet Earth and will align themselves with whomever emerges victorious.

Now let us look at Western secret societies�.

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2018-08-06

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Secret societies, secret services and religions: The current balance of power

By Benjamin Fulford Weekly Reports 381 Comments

Notice to readers: This is the second of three pre-written reports as we continue our summer �digital detox.�

Now let us look at Western secret societies�.

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2018-08-06

Benjamin Fulford Talks: Interview July 19, 2018 with Prepare for Change

By Benjamin Fulford Videos 5 Comments

Our July 19 interview went up a few days ago and now the transcript is there too:

https://prepareforchange.net/2018/07/23/benjamin-fulford-talks-helsinki-india-and-africa-interview-july-19-2018-with-prepareforchange-net

This link with its associated article contains links to all six interviews by Benjamin Fulford on Prepare For Change in May-June-July 2018, as well as the July 19, 2018 full transcript.

2018-08-06

Are you pushing the Cabal agents as good guys?

By Benjamin Fulford Letters to the Editor 7 Comments

Hi Ben:

I have followed you for some years now, but have often felt that you are promoting the pinnacle and chief architects of the Cabal as good guys. Yes, I know you say that you print what you hear and let the reader decide. But what really concerns me is that you are pushing the Cabal agents as good guys. I cannot sit back any longer.

You seem to think the satan-worshiping paedophiles known as the British Royal family are working for the side of humanity? Since when? They have been at the helm of the cabal since way back. How many times do �friends of Charles� get outed as rampant paedophiles? Jimmy Savile being his best friend, then he gets the police to quash investigations into his archbishop paedophile friend. He was named in the Elm guest house paedophile ring, which was buried by the UK police and hidden under both Nazi Google and EU right-to-be-forgotten laws. As well as Prince Philip. Not forgetting Prince Andrew�s close friendship with Jeffrey Epstein getting mentioned in the press here, only for the false flag attack at Charlie Hebdo to happen the next day. So how are these evil people good, Ben? The royals seem to get a biannual pay increase which they squander but never help the people.

Now, let�s look at the Vatican and the Pope you love so much. Francis was involved in child abuse and subsequent coverups in South America. He personally swore in Lucifer as the God of Christianity in the Vatican�s Serpent Temple. You keep telling us Francis will eradicate global poverty. He has been sitting on Satan�s throne for how long now? Five plus years, and he hasn�t done a thing to end poverty. Just swear in Lucifer and continue to rape children.

So tell me, Ben, whose side are you on here, as you are championing the evil that�s murdering and raping its way through to the total demise of Gaia and all her inhabitants?

I hope I�m wrong about you, Ben. But please explain why you promote the vile and despicable as the good guys.

I won�t even mention the P2 Lodge, let alone how you conflict in which side they are on. As one month you tell it how it is with the P2�they are evil satan-worshipers. The week after, they are the good guys.

I�m sure many who follow your blog feel the same. But others blindly accept.

I do not accept the paedophile satan-worshiping royals, Vatican, and whoever else you promote as the good guys, as this is promoting these child-raping, torturing, murdering, and eating parasites as our �liberators.� To me this is a promotion of the Cabal 2.0 with a reboot, and they can carry on as normal. Does this not seem the way?

In love and light against the dark,
CD

Hello.

Years of first-hand reporting have shown me that many people in the secret cabals actually mean well but are locked inside a bad system. Our goal has always been to save the planet�not to �get the bad guys.�

Of course, some of the satanists are so evil that only the total destruction of their souls is possible. However, there are many talented and basically good people locked in the system who can be put to work saving the planet after they have appeared in front of a truth and reconciliation committee.

We all want justice, of course, but ending poverty and stopping environmental destruction should be our first priority.

2018-07-30

The secret history of the planet Earth from 2000 to 2018

By Benjamin Fulford Weekly Reports 428 Comments

Notice to readers: For the next three weeks, barring some unprecedented news event, the reports will be pre-written as I take my annual sabbatical off the grid and off the Internet. Your understanding is appreciated.

As we prepare for what may be the final autumn offensive that finally overthrows the Khazarian mafia cabal, it�s a good time to look at the big picture to understand why a secret battle for the planet Earth has been raging all these years.

The best place to start is still the U.S. election of the year 2000, which was a coup d��tat against American democracy that started the Nazi Fourth Reich headed by Fuhrer George Bush, Sr. That election was between two Western secret government factions: Faction 1�the Nazis, who wanted to kill 90% of humanity in order to �save the environment�; and Faction 2�the Global Warming faction, who said this could be accomplished by using �global warming� as an excuse to impose a carbon tax and a world government.

The Nazis won by using fraud, murders, and death threats to terrorize the U.S. establishment into handing over power. This was followed by very real attempts to murder 90% of humanity. The Nazi regime of George Bush, Jr. began spreading bioweapons like SARS, weaponized bird flu, Ebola, etc. to wipe out most of humanity. At the same time, they created starvation crises in 33 countries by paying farmers money to grow �biofuel� instead of food. They also tried multiple times to start a nuclear world war using Iran, Syria, North Korea, and other hotspots. This is important to remember and cannot be repeated often enough: these people tried to kill you and your family, and are still trying to do so.

Enter the Asian secret societies. They learned of the Nazi plans to murder 90% of humanity by successfully eavesdropping on their secret meetings, notably the Bohemian Grove gatherings. In 2003, the spreading of SARS�a bioweapon designed specifically to target only Asians�was their real call to arms.

This led to a rupture between heroin- and amphetamine-dealing East Asian underworld groups and their cocaine- and marijuana-dealing former Nazi allies. The Nazis, however, anticipated this break by moving their heroin operations from East Asia to Afghanistan during 2001�2002.

The Nazis, as they described in their report �Project for a New American Century,� also tried to cement their control of the world by seizing the oil fields of Iraq and Central Asia. They use the threat of cutting off oil to keep Asia under control.

The Asians responded by threatening to assassinate the top leadership of the Western secret government. In particular, they targeted the individuals who were members of all three of the following groups: the Bilderbergers (European cabalists), the Council on Foreign Relations (American cabalists), and the Trilateral Commission (Japanese quislings and their masters).

The Asians also looked for Western allies against the Nazis. They noted that a Western faction had been fighting desperately to expose and derail the genocidal plans of the Nazis. This can be seen, for example, in a 1997 episode of �The Simpsons� showing a book entitled Curious George and the Ebola Virus. �Curious George,� of course, refers to George Bush, Sr.
http://www.dailymail.co.uk/news/article-2786966/How-The-Simpsons-predicted-U.S.-Ebola-outbreak-1997-Episode-shows-Marge-offering-sick-Bart-children-s-book-Curious-George-Ebola-Virus.html

There was also the BBC reporter standing in front of the still-intact World Trade Center Building 7, saying it had collapsed.
https://www.youtube.com/watch?v=677i43QfYpQ

The Asians founded a group of Western allies who became what is known as the White Dragon Society (WDS). This group includes senior people in the Pentagon, the CIA, the Russian FSB, the British Royal Family, Freemasonry, the Vatican P2 Lodge, etc.

This group attempted to bankrupt the U.S. in 2008 with the engineered Lehman shock as a way to bankrupt the U.S. Deep State�the Khazarian mafia in the U.S. The Americans were told at the time they were no longer able to buy goods from the rest of the world on credit. That is why the U.S. trade deficit went from over U.S. $696 billion in 2008 to $381 billion in 2009 after the Lehman shock.
https://tradingeconomics.com/united-states/balance-of-trade

The attempt to bankrupt the U.S. Deep State would have succeeded, too, except for the fact that the U.S. forced Middle Eastern client states to cut the price of oil they sold to the U.S., and the Chinese were fooled into supporting Communist agent Barack Obama and financing his regime. Only later did they realize he was just a Bush/Clinton/Rockefeller slave.

Also around that time, in a series of episodes never before revealed to the public, handwritten letters were sent by the WDS to the Chinese Politburo, the Vatican, and the British monarchy that�

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2018-07-27

Earth Alliance Cryptocurrency Report, Q3 2018

By General Milan Cryptocurrency 17 Comments

It has been some time since our last reports (Q1-2018 and Q4-2017). That�s okay�we are strong believers in taking a long-term approach to investing. It�s well documented that overactive trading is detrimental to investors� financial health, let alone their mental health. The best thing to do is often� nothing. Patience is a virtue.

Tech entrepreneur Naval Ravikant has said that �99% of all effort is wasted.� This principle applies doubly in the world of investing, where over-trading can result in real financial losses stemming not only from bad trading decisions, but also from trading fees. Just as it is in the best interest of the news media to stir people into a frenzy, so is it in the interest of the financial establishment, including the growing cryptocurrency establishment, to encourage investors to over-trade their accounts. The real beneficiaries of all that trading are the exchanges, brokerages, and market makers who collectively skim fees and take a percentage of every trade, in the same way that casinos take a percentage of all gamblers� bets.

In fact, the main organizations making money from the cryptocurrency markets so far are those which are facilitating trading. We are reminded of a conversation with a top trader at a global investment bank in which he attempted to explain what it is exactly that investment banks do. �We are the casino,� he said. �Our clients are the gamblers.�

Make no mistake, the world is a giant casino. People are human and are strongly attracted to things with addictive power. We wonder what the world would look like without any businesses based on alcohol, caffeine, sex, or gambling. It would surely be a very different place.

Where we have advocated trading before is in the rebalancing of a carefully constructed portfolio. Rebalancing�or constantly buying low and selling high�is a way to harvest volatility. The burgeoning cryptocurrency markets are extraordinarily volatile, so there is an extraordinary opportunity to harvest volatility, which is a kind of wealth transfer from short-term trend-followers and day traders to rebalancers.

However, there are two issues with this approach. The first issue is taxation, because from a tax perspective, constantly selling winners and reinvesting the proceeds into losers is exactly the wrong thing to do because it maximizes realized gains. Thus, the effectiveness of rebalancing depends a lot on one�s tax jurisdiction. There is no point in rebalancing if the gains harvested must be paid to national governments and used to help them delay their inevitable bankruptcies.

In fact, simply spending the cryptocurrency itself is a taxable event in most jurisdictions. Germany is the exception, and that country has moved to recognize Bitcoin at least as legal tender. But in most other jurisdictions, buying a cup of coffee with Bitcoin would technically trigger a capital gain or loss. This is obviously an untenable situation, and very few investors would even have the ability to keep track of all such dispersals to comply with the tax reporting requirement.

The situation is even worse if you imagine a future world of micro-transactions where cryptocurrency users are spending the equivalent of one cent here and there to pay for various services like data storage. We joked that cryptocurrency investors should start dumping million-page Schedule D forms onto the front lawn of the IRS. If spending cryptocurrency triggers capital gains, then it is much better to just HODL and never spend it, but that would kind of defeat the purpose of it�cryptocurrency was originally envisioned to be a medium of exchange and not simply a store of value. This is just one of many ways in which cryptocurrency is pitted in a battle against governments, and in which government regulation is, as always, lagging far behind technological innovation.

On the topic of tax, we will mention here that the large capital gains realized by active cryptocurrency traders in 2017 are one possible explanation for the brutal cryptocurrency market sell-off that began in December 2018 and accelerated into the first quarter of 2018. Anyone wanting to take some profits out of the market at that time would probably not have wanted to sell until the new year so as to delay owing taxes by at least one more year. But knowing that many investors might sell out in January could in theory cause a sell-off in December, as investors willing to foot the tax bill sooner tried to get out before more widespread systematic selling began�and a sell-off starting in December is exactly what we saw.

The market peak also coincided with the launch of the Bitcoin futures trading that many market participants feared that would allow large-money interests to systematically short the market, thus driving it down. In reality, initial futures volumes were very low, but remember that markets are often driven more by fear and expectation than by actual events.

In any case, speculating on the causes of the sell-off is beside the point. Markets have a mind of their own (are they sentient?) and our job as long-term investors is to ignore the short-term fluctuations, however painful they may be. The history of cryptocurrency is fraught with huge sell-offs, so it is really par for the course.

We need to examine the market with a wider lens. The always-entertaining John McAfee put it succinctly: �Okay, people: Can we please get real? One year ago to the day, Bitcoin was at $2,560. Today it is over $6,000. That is a 140% increase. This year-to-year increase has been accelerating significantly. Stop the short-term thinking. Get real.�

Back to the topic of portfolio rebalancing, there is also an argument that rebalancing a portfolio of small tech startups is not a correct approach, given that tech startups tend to follow a power law distribution, meaning that a few companies (or coins in this case) come to dominate and the rest fail miserably. In such a market, the best approach is to diversify but to let the winners ride, instead of rebalancing out of them and into the losers. Of course, there are those �Bitcoin maximalists� who feel that Bitcoin itself is the only real long-term winner and that the ICO market is a land of empty promises.

The Bitcoin maximalists were not right in 2017, as the price-performance of Ethereum trounced that of Bitcoin itself and Bitcoin market dominance declined dramatically, but it remains to be seen if this trend eventually reverses. Bitcoin maximalist (and voracious carnivore) Saifedean Ammous published a book called The Bitcoin Standard, which makes a strong argument that Bitcoin improves upon the central banking gold standard, or in other words, that it is like Gold 2.0. The book was well summarized by a former advisor to the French prime minister.

However, gold bugs like Jim Rickards often point out that Bitcoin is not backed by anything real and is a far cry from gold. Gold is a very special element of the universe that is probably only produced in massively energetic neutron star collisions. We have a feeling that this debate will not be resolved anytime soon, which is probably a boon for Bitcoin, given that it is still just a small fraction of the size of the gold market.

Somehow we are reminded of the recent film Ready Player One. While the virtual world is certainly not a nirvana, it is pretty obvious at this point that it is ever-increasing in size and importance. This probably bodes well for virtual currency. But zooko from the Zcash project put it well when he said, �I�m a maximalism minimalist. The universe is always at least an order of magnitude bigger than what you can see.�

Of course, establishment economists such as The Financial Times� Izabella Kaminska have long argued that, as a currency, Bitcoin is even more untenable than gold. The argument is based around the idea that money supply should expand and contract fluidly as needed to maintain price stability and avoid dreaded deflation. In fact, Bitcoin could be even more deflationary than anticipated, given that approximately 5% of cryptocurrencies are irretrievably lost annually according to one estimate. That is a lot of forever-sunken gold. In any case, readers of The Financial Times might now be kicking themselves for having missed out on the entire blockchain revolution so far.

Keynesians aside, if gold and cryptocurrency are the two main contenders for a global store of value, then what about gold-backed cryptocurrency? There is an argument to be made that it would be the best of both worlds, but it�s not that clear. For one thing, gold-backed cryptocurrency reintroduces the need for trust. Bitcoin maximalists love the fact that Bitcoin is fully decentralized and trust-less (putting aside the fact that most mining is controlled by a couple of people in China). With gold-backed cryptocurrency, there is obviously a need to believe, or trust, that there is actually some amount of gold located somewhere and allocated to every unit of the cryptocurrency.

Moreover, while we have argued for real asset-backed cryptocurrencies in the past, it is far from clear how some of them would function practically. One major issue was well summarized in a recent tweet: �If I buy a tokenized house and lose my private key, have I lost ownership of my house? Can I never sell it again since I can�t technically transfer the key? Who can issue me a new key? Where is the real ownership ledger? What is the use of the token? Honestly wondering.�

We recently mused that the ideal global currency might simply be micro-shares of the global all-asset portfolio. One unit of the currency would represent a small ownership stake in every publicly tradeable asset in the world in proportion to the asset�s size. Thus it would be a recursive system where the currency itself would have an earnings yield, as opposed to cash or gold which naturally yield nothing, or which often actually have a negative yield in the form of inflation or storage costs.

Anthony Pompliano, or Pomp, is a big proponent of the idea of �tokenizing the world,� and is one of the most incessantly positive cryptocurrency commentators. But he recently decided to take a break from the negativity of the online world following a thread for which he was criticized for being over-enthusiastic about the potential of tokenized securities.

Many people pointed out that re-implementing existing securities in the form of tokens will not necessarily be as large of a wealth transfer event as the invention of a new gold-like asset (Bitcoin). But it remains to be seen how it all plays out. It is quite possible that the very concept of equity, or of shared corporate ventures, will be transformed by the advent of cryptocurrency.

Indeed, ICOs have recently overtaken other forms of fundraising even though they do not convey typical equity rights to investors. So it remains to be seen how ventures are funded and earnings shared with investors in the future. Remember that we are already living in a world where many of the leading tech stocks do not own much in the way of hard assets and do not typically pay out dividends to investors. Tech stocks are already quite �virtual� in a sense, and have already evolved a long way away from the more traditional idea of what a stock should be. This process is bound to continue as cryptocurrency continues to revolutionize Silicon Valley.

We take Pomp�s temporary departure from online commentary�just before the summer solstice�to have coincided with a low point for the market. Cryptocurrency�s most enthusiastic and incessantly positive commentator could not withstand the negativity and he surrendered. And while we generally shy away from all forms of market timing, as described above, our sources indicated that this year�s summer solstice marked a turning point not only for the crypto markets but also for the more general ongoing battle for control of planet Earth. We shall see.

We were very happy to see Pomp return to active commentary�on the Friday, July 13th new moon. The numerology of this date is a bit counterintuitive, since we are taught by Hollywood that only bad things happen on this date. But remember that Hollywood is well known to be chock-full of disinformation anyway, and the interpretation of dates and numerologies is much more complex subject than one might expect.

In other esoteric crypto news, John McAfee spent the summer solstice in a coma induced by apparent poisoning, but awoke thereafter in good spirits. Shortly thereafter, he was forced to avoid a live speaking appearance due to �credible death threats.� McAfee is planning to run again for U.S. president in 2020, this time on a cryptocurrency-based platform.

On the topic of security-like tokens or security tokenization, we will mention here that we are generally dividend lovers, and this is reflected in our affinity for proof-of-stake cryptocurrency systems. One view is that proof-of-work is an �absurdly inefficient� version of proof-of-stake, given that in either system those with a lot of money are capable of coming to dominate through investment�the only difference being that proof-of-work requires much more energy expenditure and the setup of warehouses, etc.

While we concede that Bitcoin may remain on top indefinitely, our general view that cryptocurrency will continue its evolution towards proof-of-stake platforms that offer tokenization and programmability, a process exemplified by Ethereum�s great success in 2017. In light of that, our favorite investment at the moment is Waves, a fully-functioning proof-of-stake system that is already technologically more advanced than Ethereum in many ways but which stills trades for a fraction of Ethereum�s price. In addition, the Waves platform already includes a fully-functional decentralized exchange allowing for the secure trading of arbitrary crypto-assets without restriction.

We list our portfolio of recommendations below in rank order of our preference for each investment at the current time. The order represents conviction, pricing/risk, and also a time preference, in the sense of some investments being more likely to mature sooner than others. While we have advocated for an equal-weight portfolio in the past, the rank ordering information below could, for example, be used to overweight higher-conviction positions.

Note that our first three positions are all blockchains which either already are, or have some plan to become, some version of proof-of-stake chains. Of further note is the fact that the top two positions are both using the Bitcoin Next Generation (Bitcoin-NG) consensus algorithm from Professor Emin G�n Sirer. As one of the world�s foremost blockchain academics, Emin�s new Avalanche consensus algorithm is also one to keep an eye on.

As a reminder, we are providing information to the public simply out of a desire share our views and the results of our research. The battle for control of planet Earth has always been a financial battle, and within the realm of finance, cryptocurrency is the latest battleground for control of the future.

There are actually some strange theories that Satoshi Nakamoto was a time traveler. We don�t put much stock into such ideas; however, there are many bizarre occurrences in the world of cryptocurrency that can perhaps only be explained as manifestations of the greater ongoing battle. These apparent attacks and counterattacks can give us some insight into the future, as they give us a glimpse of some of the possible futures that certain forces are attempting to either prevent or facilitate.

Of course, we take a position alongside the forces that we feel to be benevolent. This is our somewhat more esoteric idea of �socially responsible investing,� which is a topic of growing importance even on Wall Street. The only problem with social responsibility is that it is a very subjective concept. We are speaking here from the perspective of the Earth Alliance, a loose-knit collective of global organizations working for the benefit of humanity that includes the Asia-based White Dragon Society.

[A MATTER OF FACT!]

[A LIBERAL PEER SHOULD REMEMBER]

Did you know there is a worldwide semi-secret war against white people. It started in 1923, in every country that has mostly white people, or used to have mostly white people, they are immigrating people from other races as fast as they can get away with it. They are encouraging whites to marry someone from a different race. They are also lowering the financial conditions so that the whites that do marry and used to do well, don�t want to have children or not many, because of financial conditions.

The white people on Earth came from Mars and were quickly genetically changed by the 8th Density about 66,000 years ago so they can mate with any Human and Earth would have one people. This was done so we would all get along better and one race wouldn�t become dominant wipe out the other races that moved here. The black Africans started here and so far 5 other races immigrated here and the whites were 2nd last, the Oriental Asians were last about 63,000 years ago and the 8th Density treated them the same, it wasn�t the Andromeda Council, like I was told last week.

White people are unique, we are the only ones who commonly have different eye and hair color and on average are less evil and more spiritual than the other races, except about the same as the Oriental Asians, but this has a little bit to do with the living conditions the last 300 years, all races have good & bad people. It is commonly said in the main stream media that the whites are an evil race and want to go to war with everyone, after all they pretty much wiped out the natives in North and South America and then brought slaves here.
Well this isn�t quite right, Columbus, Cortez and Pizarro were all Illuminati and didn�t have Human souls, they had the Reptilian lower soul, with little empathy for others.

The slaves were bought here on Jewish ships, most of the Jewish ship owners were Illuminati also. There were also white slaves (mostly Irish) and about 7,000 black slave owners in the USA. Less than 1 in 1,000 white people owned slaves and were constantly programmed that blacks were inferior from authorities, so the non slave owning whites would accept it.

The non slave owning Whites hated slavery, because they were forced by law to help capture run away slaves with no compensation and it was extremely hard to get a high paying job, with slaves doing a lot of work for free.

All the wars are started by and run by the Illuminati and Elite Jews. To many Whites are brainwashed to go along with the program, by the main stream media Which is all owned by the Jews or Illuminati.

Are you getting the picture, stop reading for a few seconds and see if you can figure it out. If there is no spiritual revolution, the brown dwarf star doesn�t come near the sun and damage Earth and the Illuminati and Elite Jews win, everyone else will become a worker/slaves. Whites won�t be allowed to marry or if they do they won�t be allowed to have children or if they do the paedophiles will take them. The only whites will be Illuminati or Jews and they will be in the ruling class, unelected and can�t be taken out of power.

If you don�t want this future wake people up and help the spiritual revolution happen, become more spiritual. I think it�s going to happen and it�s called the Golden Age, it�s a wake up and win situation, but I think we�re going to get some wake up help. Even if your not White don�t accept that Whites should be wiped out, I certainly wouldn�t accept that Blacks should be wiped out or any other race. The only people I would accept being wiped out is the super evil ones. There will be a delightful place for everyone of every race in the Golden Age.
http://www.icheckyoursoul.com/

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