Gold,
silver and related shares appear to be
building a solid base for an advance as
well as cryptos where Bitcoin could ascend
to $25,000.
The
Blockchain concept will thrive as the
backbone of the new Internet 2.0, with
profound utopian-like implications for
virtually every aspect of life.
Entertainment,
employment, banking, finance, education,
legal, healthcare, insurance, voting security
and government with benefit from the blockchain.
The
decentralized peer-to-peer, transparent,
blockchain based currency model will over
time, inevitably overturn the opaque and
highly regulated fiat model.
The
Blockchain will lessen the frequency and
magnitude of economic bubbles and their
subsequent contractions.
The
worst of the US stock market correction
seems to be in the rearview mirror at
least until the Fed wraps-up the rate
hike cycle in mid-2019.
Next
year could mark the ultimate zenith for
US equities as the current price "Bubble"
culminates with the Dow Jones Industrials
topping 30,000.
The resulting price crash could mirror
the -89% drop in '30-'33.
The
bubble parallel extends to the ominous
Dot.com peak of 2000 where trade tariffs
and immigration issues may have contributed
to the declines. Current markets have
extended beyond the dreams of avarice,
including global real estate, stocks,
and commodities.
A
primary Baby Boomer group that comprises
50% of spending will soon curtail purchases,
potentially in a significant decline in
GDP growth.
The
net affect could slow domestic economic
output for years, further burdening the
already challenged system where over half
of US households already require Federal
assistance.
In
Part II. with Bob Hoye of Institutional
Advisors, the narrative includes cryptocurrencies.
The high level of misinformation surrounding
the de facto currency of the future requires
closer examination.
The debate between Bitcoin aficionados and
naysayers is put under the microscope.
The
viability of Bitcoin as a payment system
with a few transactions per second versus
credit card companies that facilitate thousands
per second. The the host notes the inexpensive
nature of transferring wealth, sometimes
as low as $0.01
per $10,000 Bitcoin transaction.
The same transaction using traditional wire
transfers could cost "tens of thousands
of dollars" and require days to clear.
The
argument was debunked by numerous sources
as Bitcoin is easily tracked by authorities,
offering far less opacity than fiat currency.
According
to media sources, privacy coins such as
Monero and Zcash are rarely used for the
dark-web transactions, deemed less desirable.
Although in bear market territory, a few
altcoins are showing signs of life, such
as SALT
and WAVES; both rebounded around 50% this
week.
Key
takeaway, Bitcoin is the antithesis
of draconian fiat money, which is not prescribed
by the US Constitution.
Bitcoin sidesteps rent-seeking behavior
by transferring wealth directly among the
masses thereby enhancing personal freedom
for the masses.
Bitcoin
closely emulates the role of money as outlined
by the US Constitution.
Ethereum
offers machines / AI personal freedom today
and likely even pets in the future via breakthroughs
in inter species communication.
The
discourse concludes with a memorial to the
hundreds lost in wild fire tragedies, such
as in the November 2018, Paradise CA inferno
and a simple, inexpensive plan of last resort
to avert future disasters: .pdf
file.
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Guest
Bios
Bob
Hoye
Institutional
Investors
With
a degree in geophysics and a number
of fascinating summers in mining exploration,
one winter in "the bush"
quickly led Bob into the financial
markets. This included experience
on the trading desk and in the research
department of a large investment dealer,
which led to institutional stock and
bond sales.
Bob's
review of financial history provided
the forecasting models designed to
anticipate significant trend reversals
in the sometimes alarming volatility
typical of the transition from rampant
speculation in tangible assets to
fabulous speculation in financial
assets.
In
anticipation of the latter opportunity,
a monthly publication for financial
institutions was started in January
1982.
This
competently covered the stock market,
the yield curve, credit spreads as
well as metal and energy prices.
In
1998 the Institutional Advisors website
was started as a forum for unique
and reliable financial research.
Harry
S. Dent, Jr. is the Founder
of Dent Research, an economic
forecasting firm specializing
in demographic trends. His mission
is Helping People Understand
Change. Using exciting
new research developed from
years of hands-on business experience,
Mr. Dent offers unprecedented
and refreshingly understandable
tools for seeing the key economic
trends that will affect your
life, your business, and your
investments over the rest of
your lifetime.
Mr.
Dent is also a best-selling
author. In his book The Great
Boom Ahead, published in 1992,
Mr. Dent stood virtually alone
in accurately forecasting the
unanticipated boom of the 1990s
and the continued expansion
into 2007. In his new book,
The Demographic Cliff, he continues
to educate audiences about his
predictions for the next great
depression, especially between
2014 and 2019 that he has been
forecasting now for 20 years.
Mr. Dent is the editor of the
Survive and Prosper newsletter
and has created the HS Dent
Financial Advisors Network.
Mr.
Dent received his MBA from Harvard
Business School, where he was
a Baker Scholar and was elected
to the Century Club for leadership
excellence. At Bain and Company
he was a strategy consultant
for Fortune 100 companies. He
has also been the CEO of several
entrepreneurial growth companies
and a new venture investor.
Since 1988 he has been speaking
to executives and investors
around the world. He has appeared
on Good Morning America,
PBS, CNBC, CNN, FOX, Bloomberg,
and has been featured in USA
Today, Barrons, Investors
Business Daily, Entrepreneur,
Fortune, Success, US News and
World Report, Business Week,
The Wall Street Journal, American
Demographics, Gentlemens
Quarterly and Omni.
Harry
S. Dent, Jr. is the Founder of
Dent Research, an economic forecasting
firm specializing in demographic
trends. His mission is Helping
People Understand Change.
Using exciting new research developed
from years of hands-on business
experience, Mr. Dent offers unprecedented
and refreshingly understandable
tools for seeing the key economic
trends that will affect your life,
your business, and your investments
over the rest of your lifetime.
Mr.
Dent is also a best-selling
author. In his book The Great
Boom Ahead, published in 1992,
Mr. Dent stood virtually alone
in accurately forecasting the
unanticipated boom of the 1990s
and the continued expansion
into 2007. In his new book,
The Demographic Cliff, he continues
to educate audiences about his
predictions for the next great
depression, especially between
2014 and 2019 that he has been
forecasting now for 20 years.
Mr. Dent is the editor of the
Survive and Prosper newsletter
and has created the HS Dent
Financial Advisors Network.
Mr.
Dent received his MBA from Harvard
Business School, where he was
a Baker Scholar and was elected
to the Century Club for leadership
excellence. At Bain and Company
he was a strategy consultant
for Fortune 100 companies. He
has also been the CEO of several
entrepreneurial growth companies
and a new venture investor.
Since 1988 he has been speaking
to executives and investors
around the world. He has appeared
on Good Morning America,
PBS, CNBC, CNN, FOX, Bloomberg,
and has been featured in USA
Today, Barrons, Investors
Business Daily, Entrepreneur,
Fortune, Success, US News and
World Report, Business Week,
The Wall Street Journal, American
Demographics, Gentlemens
Quarterly and Omni.
Blockchain
Conservation Imitative - Proof of Safe Tusk (PoST)
The
host proposes a blockchain based, conservation effort
(PDF
Paper) to bring a stop to the cruel and unnecessary
ivory trade - if you know someone who would like
to get involved and or support the effort, contact
Chris at gsr@hughes.net.