Ecoer Logo
VOTING POWER100.00%
DOWNVOTE POWER100.00%
RESOURCE CREDITS100.00%
REPUTATION PROGRESS94.39%
Net Worth
0.843USD
STEEM
0.001STEEM
SBD
0.868SBD
Own SP
7.675SP

Detailed Balance

STEEM
balance
0.001STEEM
market_balance
0.000STEEM
savings_balance
0.000STEEM
reward_steem_balance
0.000STEEM
STEEM POWER
Own SP
7.675SP
Delegated Out
0.000SP
Delegation In
0.000SP
Effective Power
7.675SP
Reward SP (pending)
0.000SP
SBD
sbd_balance
0.868SBD
sbd_conversions
0.000SBD
sbd_market_balance
0.000SBD
savings_sbd_balance
0.000SBD
reward_sbd_balance
0.000SBD
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  "conversions": []
}

Account Info

namecathy77
id49765
rank151,613
reputation12731579665
created2016-08-07T15:51:12
recovery_accountsteem
proxyNone
post_count45
comment_count0
lifetime_vote_count0
witnesses_voted_for0
last_post2018-01-02T21:03:36
last_root_post2018-01-02T21:03:36
last_vote_time2017-07-03T03:13:39
proxied_vsf_votes0, 0, 0, 0
can_vote1
voting_power9,800
delayed_votes0
balance0.001 STEEM
savings_balance0.000 STEEM
sbd_balance0.868 SBD
savings_sbd_balance0.000 SBD
vesting_shares12497.491901 VESTS
delegated_vesting_shares0.000000 VESTS
received_vesting_shares0.000000 VESTS
reward_vesting_balance0.000000 VESTS
vesting_balance0.000 STEEM
vesting_withdraw_rate0.000000 VESTS
next_vesting_withdrawal1969-12-31T23:59:59
withdrawn0
to_withdraw0
withdraw_routes0
savings_withdraw_requests0
last_account_recovery1970-01-01T00:00:00
reset_accountnull
last_owner_update1970-01-01T00:00:00
last_account_update2017-05-09T15:49:09
minedNo
sbd_seconds810,379,554
sbd_last_interest_payment2017-06-06T16:23:42
savings_sbd_last_interest_payment1970-01-01T00:00:00
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  "created": "2016-08-07T15:51:12",
  "mined": false,
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  "last_account_recovery": "1970-01-01T00:00:00",
  "reset_account": "null",
  "comment_count": 0,
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Withdraw Routes

IncomingOutgoing
Empty
Empty
{
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From Date
To Date
2019/08/07 16:21:21
parent authorcathy77
parent permlinkinfo-on-cryptos
authorsteemitboard
permlinksteemitboard-notify-cathy77-20190807t162120000z
title
bodyCongratulations @cathy77! You received a personal award! <table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@cathy77/birthday3.png</td><td>Happy Birthday! - You are on the Steem blockchain for 3 years!</td></tr></table> <sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@cathy77) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=cathy77)_</sub> ###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!
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Transaction InfoBlock #35348430/Trx fbc92df07448e6c64aa22a971b3ea5b7511a4f7b
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      "parent_author": "cathy77",
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      "author": "steemitboard",
      "permlink": "steemitboard-notify-cathy77-20190807t162120000z",
      "title": "",
      "body": "Congratulations @cathy77! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@cathy77/birthday3.png</td><td>Happy Birthday! - You are on the Steem blockchain for 3 years!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@cathy77) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=cathy77)_</sub>\n\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
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2018/02/09 04:07:33
parent authorcathy77
parent permlinkinfo-on-cryptos
authorskipweston
permlinkre-cathy77-info-on-cryptos-20180209t040727766z
title
bodyI posted a Red Alert warning on November 28th and December 1st to Bitcoin Investors. "The Bitcoin community believes the CFTC approval will give Bitcoin legitimate status as a currency. Question: Why has the Banksters and CFTC have a change of heart in regards to Bitcoin? Bitcoin is the only market that the Central Banks are unable to manipulate, but on December 10th, 2017 that will change. Bitcoin will have the same price manipulation just like Gold & Silver prices since 1971. The Central Banks will not tolerate any competition to their worthless Fiat Currencies." I was shocked that the Bitcoin price correction took place within 4 days of the CBOE Bitcoin futures launch. I thought the Banksters would have waited a couple of months at least. I think the attack on Bitcoin was a two prong approach. I believe the Central Banks have been accumulating Bitcoins for the past couple of months preparing for the futures Launch. The Banks have unlimited printed fiat paper to purchase any asset class including Bitcoin. Remember the Bitcoin market is control by only 1000 people. It is a small market compared to Gold & Silver. Which makes it easy for the Banksters to manipulate. The only positive take a way by this criminal act, is that the Central Banks are losing control of their Fiat Monetary Ponzi Scheme. Currently the Banks are trying to prop up the Bond Market, which is 3 times larger than the Equities Market. The fact that the banks are purchasing Bonds and Equities proves the Financial System is Insolvent. Prepare for the worst and Pray for the Best
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      "title": "",
      "body": "I posted a Red Alert warning on November 28th and December 1st to Bitcoin Investors.\n\"The Bitcoin community believes the CFTC approval will give Bitcoin legitimate status as a currency.\nQuestion: Why has the Banksters and CFTC have a change of heart in regards to Bitcoin?\nBitcoin is the only market that the Central Banks are unable to manipulate, but on December 10th, 2017 that will change.\nBitcoin will have the same price manipulation just like Gold & Silver prices since 1971.\nThe Central Banks will not tolerate any competition to their worthless Fiat Currencies.\"\n\nI was shocked that the Bitcoin price correction took place within 4 days of the CBOE Bitcoin futures launch. I thought the Banksters would have waited a couple of months at least. I think the attack on Bitcoin was a two prong approach. I believe the Central Banks have been accumulating Bitcoins for the past couple of months preparing for the futures Launch. The Banks have unlimited printed fiat paper to purchase any asset class including Bitcoin. Remember the Bitcoin market is control by only 1000 people. It is a small market compared to Gold & Silver. Which makes it easy for the Banksters to manipulate.\nThe only positive take a way by this criminal act, is that the Central Banks are losing control of their Fiat Monetary Ponzi Scheme. Currently the Banks are trying to prop up the Bond Market, which is 3 times larger than the Equities Market. The fact that the banks are purchasing Bonds and Equities proves the Financial System is Insolvent.\n\nPrepare for the worst and Pray for the Best",
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2018/02/09 04:06:03
voterskipweston
authorcathy77
permlinkinfo-on-cryptos
weight10000 (100.00%)
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2018/02/09 04:04:03
voterskipweston
authorcathy77
permlinksuper-crash-report-your-complete-guide-to-the-usd200-trillion-credit-collapse-interesting-read
weight10000 (100.00%)
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cathy77published a new post: info-on-cryptos
2018/01/02 21:03:36
parent author
parent permlinkcryptocurrency
authorcathy77
permlinkinfo-on-cryptos
titleInfo on cryptos
bodyIt looks like steem cryptocurrency is up 20 percent today, any price target on this? Also, litecoin looking good and any opinion on Electroneum?? I hear this one can go. What other cryptos or altocoins are good to invest in? greatly appreciate everyone feedback.
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      "parent_permlink": "cryptocurrency",
      "author": "cathy77",
      "permlink": "info-on-cryptos",
      "title": "Info on cryptos",
      "body": "It looks like steem cryptocurrency is up 20 percent today, any price target on this? Also, litecoin looking good and any opinion on Electroneum?? I hear this one can go.  What other cryptos or altocoins are good to invest in? greatly appreciate everyone feedback.",
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2017/07/03 05:20:12
votertimesaving
authorcathy77
permlinkthe-crash-of-1929-somewhere-deep-down-they-knew-the-party-was-over
weight10000 (100.00%)
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      "voter": "timesaving",
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2017/07/03 04:16:54
voterskipweston
authorcathy77
permlinkthe-crash-of-1929-somewhere-deep-down-they-knew-the-party-was-over
weight10000 (100.00%)
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cathy77claimed reward balance: 0.285 SBD, 0.187 SP
2017/07/03 03:14:00
accountcathy77
reward steem0.000 STEEM
reward sbd0.285 SBD
reward vests304.165565 VESTS
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2017/07/03 03:13:39
votercathy77
authorcathy77
permlinkthe-crash-of-1929-somewhere-deep-down-they-knew-the-party-was-over
weight10000 (100.00%)
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2017/07/03 03:13:39
parent author
parent permlinkstock
authorcathy77
permlinkthe-crash-of-1929-somewhere-deep-down-they-knew-the-party-was-over
titleThe Crash Of 1929: "Somewhere, Deep Down, They Knew The Party Was Over"
bodyby Tyler Durden History may not repeat... but it sure ryhmes... https://youtu.be/o2tkicC0evk "...people believed that everything was going to be great always, always. There was a feeling of optimism in the air that you cannot even describe today." "There was great hope. America came out of World War I with the economy intact. We were the only strong country in the world. The dollar was king. We had a very popular president in the middle of the decade, Calvin Coolidge, and an even more popular one elected in 1928, Herbert Hoover. So things looked pretty good." "The economy was changing in this new America. It was the dawn of the consumer revolution. New inventions, mass marketing, factories turning out amazing products like radios, rayon, air conditioners, underarm deodorant...One of the most wondrous inventions of the age was consumer credit. Before 1920, the average worker couldn't borrow money. By 1929, "buy now, pay later" had become a way of life." "Wall Street got the credit for this prosperity and Wall Street was dominated by just a small group of wealthy men. Rarely in the history of this nation had so much raw power been concentrated in the hands of a few businessmen..." "One of the most common tactics was to manipulate the price of a particular stock, a stock like Radio Corporation of America...Wealthy investors would pool their money in a secret agreement to buy a stock, inflate its price and then sell it to an unsuspecting public. Most stocks in the 1920s were regularly manipulated by insiders " "I would say that practically all the financial journals were on the take. This includes reporters for The Wall Street Journal, The New York Times, The Herald-Tribune, you name it. So if you were a pool operator, you'd call your friend at The Times and say, "Look, Charlie, there's an envelope waiting for you here and we think that perhaps you should write something nice about RCA." And Charlie would write something nice about RCA. A publicity man called A. Newton Plummer had canceled checks from practically every major journalist in New York City... Then, they would begin to -- what was called "painting the tape" and they would make the stock look exciting. They would trade among themselves and you'd see these big prints on RCA and people will say, "Oh, it looks as though that stock is being accumulated. Now, if they are behind it, you want to join them, so you go out and you buy stock also. Now, what's happening is the stock goes from 10 to 15 to 20 and now, it's at 20 and you start buying, other people start buying at 30, 40. The original group, the pool, they've stopped buying. They're selling you the stock. It's now 50 and they're out of it. And what happens, of course, is the stock collapses." "The pools were a little like musical chairs. When the music stopped, somebody owned the stocks and those were the sufferers. If small investors suffered, they would soon be back for more. They knew the game was rigged, but maybe next time, they could beat the system. Wall Street had its critics, among them economist Roger Babson. He questioned the boom and was accused of lack of patriotism, of selling America short." "Roger Babson warned of the speculation and said, "There's going to be a crash and the aftermath is going to be quite terrible." And people jumped on Babson from all around for saying such a thing, so that people who were cautious about their personal reputation, who did not want to call down on themselves a lot of calumny, kept quiet." "Politicians came and went, but in the 20s, the businessman was king." "With everyone trying to borrow money to cover the falling value of their stocks, there was a credit crunch. Interest rates soared. At 20 percent, few people could afford to borrow more money. The boom was about to collapse like a house of cards." "...the National City Bank would provide $25 million of credit...immediately, the credit crisis was alleviated. In fact, within the next 24 hours, call money went from 20 percent to eight percent and that stopped the panic, then, in March [1929]" "Everything was not fine that spring with the American economy. It was showing ominous signs of trouble. Steel production was declining. The construction industry was sluggish. Car sales dropped. Customers were getting harder to find. And because of easy credit, many people were deeply in debt. Large sections of the population were poor and getting poorer." "Just as Wall Street had reflected a steady growth in the economy throughout most of the 20s, it would seem that now the market should reflect the economic slowdown. Instead, it soared to record heights. Stock prices no longer had anything to do with company profits, the economy or anything else. The speculative boom had acquired a momentum of its own." "It was this nature of mass illusion. Prices were going up, people bought. That forced prices up further, that brought in more people. And eventually, the process becomes self-perpetuating. Every increase brings in more people convinced of their God-given right to get rich." "The 20s was a decade of all sorts of fast money schemes. Three years earlier, everyone was buying Florida real estate. As prices of land skyrocketed, more people jumped in, hoping to make a killing. Then, overnight, the boom turned to bust and investors lost everything." "On September 5th, economist Roger Babson gave a speech to a group of businessmen. 'Sooner or later, a crash is coming and it may be terrific.' He'd been saying the same thing for two years, but now, for some reason, investors were listening. The market took a severe dip. They called it the "Babson Break." The next day, prices stabilized, but several days later, they began to drift lower. Though investors had no way of knowing it, the collapse had already begun." "...the market fluctuated wildly up and down. On September 12th, prices dropped ten percent. They dipped sharply again on the 20th. Stock markets around the world were falling, too. Then, on September 25th, the market suddenly rallied." "Reuben L. Cain, Stock Salesman, 1929: I remember well that I thought, "Why is this doing this?" And then I thought, "Well, I'm new here and these people" -- like every day in the paper, Charlie Mitchell would have something to say, the J.P. Morgan people would have something to say about how good things were -- and I thought, "Well, they know a lot more about this market than I do. I'm fairly new here and I really can't see why it's going up." But then, when they say it can't go down or if it does go down today, it'll go back tomorrow, you think, "Well, they really are like God. They know it all and it must be the way it's going because they say so." "As the market floundered, financial leaders were as optimistic as ever, more so. Just five days before the crash, Thomas Lamont, acting head of the highly conservative Morgan Bank, wrote a letter to President Hoover. "The future appears brilliant. Our securities are the most desirable in the world." "Practically every business leader in American and banker, right around the time of 1929, was saying how wonderful things were and the economy had only one way to go and that was up." "There came a Wednesday, October 23rd, when the market was a little shaky, weak. And whether this caused some spread of pessimism, one doesn't know. It certainly led a lot of people to think they should get out. And so, Thursday, October the 24th -- the first Black Thursday -- the market, beginning in the morning, took a terrific tumble. The market opened in an absolutely free fall and some people couldn't even get any bids for their shares and it was wild panic. And an ugly crowd gathered outside the stock exchange and it was described as making weird and threatening noises. It was, indeed, one of the worst days that had ever been seen down there." "There was a glimmer of hope on Black Thursday...About 12:30, there was an announcement that this group of bankers would make available a very substantial sum to ease the credit stringency and support the market. And right after that, Dick Whitney made his famous walk across the floor of the New York Stock Exchange.... At 1:30 in the afternoon, at the height of the panic, he strolled across the floor and in a loud, clear voice, ordered 10,000 shares of U.S. Steel at a price considerably higher than the last bid. He then went from post to post, shouting buy orders for key stocks." "And sure enough, this seemed to be evidence that the bankers had moved in to end the panic. And they did end it for that day. The market then stabilized and even went up." "But Monday was not good. Apparently, people had thought about things over the weekend, over Sunday, and decided maybe they might be safer to get out. And then came the real crash, which was on Tuesday, when the market went down and down and down, without seeming limit...Morgan's bankers could no longer stem the tide. It was like trying to stop Niagara Falls. Everyone wanted to sell." "In brokers' offices across the country, the small investors -- the tailors, the grocers, the secretaries -- stared at the moving ticker in numb silence. Hope of an easy retirement, the new home, their children's education, everything was gone." "At the end of 1929, as they celebrated New Year's Eve, all that lay in the future. Nobody knew that the Great Depression was coming -- unemployment, bread lines, bank failures -- this was unimaginable. But the bubble had burst. Gone was that innocent optimism, the confidence, the illusion of wealth without work. One era had ended. They toasted the coming of the 30s, but somewhere, deep down, they knew the party was over."
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      "author": "cathy77",
      "permlink": "the-crash-of-1929-somewhere-deep-down-they-knew-the-party-was-over",
      "title": "The Crash Of 1929: \"Somewhere, Deep Down, They Knew The Party Was Over\"",
      "body": "by Tyler Durden\nHistory may not repeat... but it sure ryhmes...\n\nhttps://youtu.be/o2tkicC0evk\n\n\n\"...people believed that everything was going to be great always, always. There was a feeling of optimism in the air that you cannot even describe today.\"\n\n\"There was great hope. America came out of World War I with the economy intact. We were the only strong country in the world. The dollar was king. We had a very popular president in the middle of the decade, Calvin Coolidge, and an even more popular one elected in 1928, Herbert Hoover. So things looked pretty good.\"\n\"The economy was changing in this new America. It was the dawn of the consumer revolution. New inventions, mass marketing, factories turning out amazing products like radios, rayon, air conditioners, underarm deodorant...One of the most wondrous inventions of the age was consumer credit. Before 1920, the average worker couldn't borrow money. By 1929, \"buy now, pay later\" had become a way of life.\"\n\n\"Wall Street got the credit for this prosperity and Wall Street was dominated by just a small group of wealthy men. Rarely in the history of this nation had so much raw power been concentrated in the hands of a few businessmen...\"\n\n\"One of the most common tactics was to manipulate the price of a particular stock, a stock like Radio Corporation of America...Wealthy investors would pool their money in a secret agreement to buy a stock, inflate its price and then sell it to an unsuspecting public. Most stocks in the 1920s were regularly manipulated by insiders \"\n\n\"I would say that practically all the financial journals were on the take. This includes reporters for The Wall Street Journal, The New York Times, The Herald-Tribune, you name it. So if you were a pool operator, you'd call your friend at The Times and say, \"Look, Charlie, there's an envelope waiting for you here and we think that perhaps you should write something nice about RCA.\" And Charlie would write something nice about RCA. A publicity man called A. Newton Plummer had canceled checks from practically every major journalist in New York City... Then, they would begin to -- what was called \"painting the tape\" and they would make the stock look exciting. They would trade among themselves and you'd see these big prints on RCA and people will say, \"Oh, it looks as though that stock is being accumulated. Now, if they are behind it, you want to join them, so you go out and you buy stock also. Now, what's happening is the stock goes from 10 to 15 to 20 and now, it's at 20 and you start buying, other people start buying at 30, 40. The original group, the pool, they've stopped buying. They're selling you the stock. It's now 50 and they're out of it. And what happens, of course, is the stock collapses.\"\n\n\"The pools were a little like musical chairs. When the music stopped, somebody owned the stocks and those were the sufferers. If small investors suffered, they would soon be back for more. They knew the game was rigged, but maybe next time, they could beat the system. Wall Street had its critics, among them economist Roger Babson. He questioned the boom and was accused of lack of patriotism, of selling America short.\"\n\n\"Roger Babson warned of the speculation and said, \"There's going to be a crash and the aftermath is going to be quite terrible.\" And people jumped on Babson from all around for saying such a thing, so that people who were cautious about their personal reputation, who did not want to call down on themselves a lot of calumny, kept quiet.\"\n\n\"Politicians came and went, but in the 20s, the businessman was king.\"\n\n\"With everyone trying to borrow money to cover the falling value of their stocks, there was a credit crunch. Interest rates soared. At 20 percent, few people could afford to borrow more money. The boom was about to collapse like a house of cards.\"\n\n\"...the National City Bank would provide $25 million of credit...immediately, the credit crisis was alleviated. In fact, within the next 24 hours, call money went from 20 percent to eight percent and that stopped the panic, then, in March [1929]\"\n\n\"Everything was not fine that spring with the American economy. It was showing ominous signs of trouble. Steel production was declining. The construction industry was sluggish. Car sales dropped. Customers were getting harder to find. And because of easy credit, many people were deeply in debt. Large sections of the population were poor and getting poorer.\"\n\n\"Just as Wall Street had reflected a steady growth in the economy throughout most of the 20s, it would seem that now the market should reflect the economic slowdown. Instead, it soared to record heights. Stock prices no longer had anything to do with company profits, the economy or anything else. The speculative boom had acquired a momentum of its own.\"\n\n\"It was this nature of mass illusion. Prices were going up, people bought. That forced prices up further, that brought in more people. And eventually, the process becomes self-perpetuating. Every increase brings in more people convinced of their God-given right to get rich.\"\n\n\"The 20s was a decade of all sorts of fast money schemes. Three years earlier, everyone was buying Florida real estate. As prices of land skyrocketed, more people jumped in, hoping to make a killing. Then, overnight, the boom turned to bust and investors lost everything.\"\n\n\"On September 5th, economist Roger Babson gave a speech to a group of businessmen. 'Sooner or later, a crash is coming and it may be terrific.' He'd been saying the same thing for two years, but now, for some reason, investors were listening. The market took a severe dip. They called it the \"Babson Break.\" The next day, prices stabilized, but several days later, they began to drift lower. Though investors had no way of knowing it, the collapse had already begun.\"\n\n\"...the market fluctuated wildly up and down. On September 12th, prices dropped ten percent. They dipped sharply again on the 20th. Stock markets around the world were falling, too. Then, on September 25th, the market suddenly rallied.\"\n\n\"Reuben L. Cain, Stock Salesman, 1929: I remember well that I thought, \"Why is this doing this?\" And then I thought, \"Well, I'm new here and these people\" -- like every day in the paper, Charlie Mitchell would have something to say, the J.P. Morgan people would have something to say about how good things were -- and I thought, \"Well, they know a lot more about this market than I do. I'm fairly new here and I really can't see why it's going up.\" But then, when they say it can't go down or if it does go down today, it'll go back tomorrow, you think, \"Well, they really are like God. They know it all and it must be the way it's going because they say so.\"\n\n\"As the market floundered, financial leaders were as optimistic as ever, more so. Just five days before the crash, Thomas Lamont, acting head of the highly conservative Morgan Bank, wrote a letter to President Hoover. \"The future appears brilliant. Our securities are the most desirable in the world.\"\n\n\"Practically every business leader in American and banker, right around the time of 1929, was saying how wonderful things were and the economy had only one way to go and that was up.\"\n\n\"There came a Wednesday, October 23rd, when the market was a little shaky, weak. And whether this caused some spread of pessimism, one doesn't know. It certainly led a lot of people to think they should get out. And so, Thursday, October the 24th -- the first Black Thursday -- the market, beginning in the morning, took a terrific tumble. The market opened in an absolutely free fall and some people couldn't even get any bids for their shares and it was wild panic. And an ugly crowd gathered outside the stock exchange and it was described as making weird and threatening noises. It was, indeed, one of the worst days that had ever been seen down there.\"\n\n\"There was a glimmer of hope on Black Thursday...About 12:30, there was an announcement that this group of bankers would make available a very substantial sum to ease the credit stringency and support the market. And right after that, Dick Whitney made his famous walk across the floor of the New York Stock Exchange.... At 1:30 in the afternoon, at the height of the panic, he strolled across the floor and in a loud, clear voice, ordered 10,000 shares of U.S. Steel at a price considerably higher than the last bid. He then went from post to post, shouting buy orders for key stocks.\"\n\n\"And sure enough, this seemed to be evidence that the bankers had moved in to end the panic. And they did end it for that day. The market then stabilized and even went up.\"\n\n\"But Monday was not good. Apparently, people had thought about things over the weekend, over Sunday, and decided maybe they might be safer to get out. And then came the real crash, which was on Tuesday, when the market went down and down and down, without seeming limit...Morgan's bankers could no longer stem the tide. It was like trying to stop Niagara Falls. Everyone wanted to sell.\"\n\n\"In brokers' offices across the country, the small investors -- the tailors, the grocers, the secretaries -- stared at the moving ticker in numb silence. Hope of an easy retirement, the new home, their children's education, everything was gone.\"\n\n\"At the end of 1929, as they celebrated New Year's Eve, all that lay in the future. Nobody knew that the Great Depression was coming -- unemployment, bread lines, bank failures -- this was unimaginable. But the bubble had burst. Gone was that innocent optimism, the confidence, the illusion of wealth without work. One era had ended. They toasted the coming of the 30s, but somewhere, deep down, they knew the party was over.\"",
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2017/06/30 18:03:42
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2017/06/27 17:41:57
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2017/06/25 04:13:24
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bodyHello Cathy, Great post. I also follow Gregory Mannarino. He is one of the few voices of economic truth.
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2017/06/25 04:09:18
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2017/06/23 20:45:03
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2017/06/23 20:13:18
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2017/06/23 20:13:18
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2017/06/23 20:00:24
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2017/06/23 20:00:24
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2017/06/23 18:14:15
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2017/06/23 18:14:00
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  "trx_id": "b66a6b92f49268068b1b1199c8e917b23274e84d",
  "block": 13078983,
  "trx_in_block": 6,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-06-23T18:14:00",
  "op": [
    "custom_json",
    {
      "required_auths": [],
      "required_posting_auths": [
        "cathy77"
      ],
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"cathy77\",\"following\":\"wealthguide\",\"what\":[\"blog\"]}]"
    }
  ]
}
2017/06/23 18:13:57
required auths[]
required posting auths["cathy77"]
idfollow
json["follow",{"follower":"cathy77","following":"viralsteemit","what":["blog"]}]
Transaction InfoBlock #13078982/Trx 5a76971d088aadcd7577f27dc83baf1fcea868d9
View Raw JSON Data
{
  "trx_id": "5a76971d088aadcd7577f27dc83baf1fcea868d9",
  "block": 13078982,
  "trx_in_block": 38,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-06-23T18:13:57",
  "op": [
    "custom_json",
    {
      "required_auths": [],
      "required_posting_auths": [
        "cathy77"
      ],
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"cathy77\",\"following\":\"viralsteemit\",\"what\":[\"blog\"]}]"
    }
  ]
}
2017/06/23 18:13:51
required auths[]
required posting auths["cathy77"]
idfollow
json["follow",{"follower":"cathy77","following":"thinkngrowsteem","what":["blog"]}]
Transaction InfoBlock #13078980/Trx 2a3b2ac9f1b70a66c633570147d7a5ef855f553d
View Raw JSON Data
{
  "trx_id": "2a3b2ac9f1b70a66c633570147d7a5ef855f553d",
  "block": 13078980,
  "trx_in_block": 54,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-06-23T18:13:51",
  "op": [
    "custom_json",
    {
      "required_auths": [],
      "required_posting_auths": [
        "cathy77"
      ],
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"cathy77\",\"following\":\"thinkngrowsteem\",\"what\":[\"blog\"]}]"
    }
  ]
}
2017/06/23 18:13:51
required auths[]
required posting auths["cathy77"]
idfollow
json["follow",{"follower":"cathy77","following":"teddy7","what":["blog"]}]
Transaction InfoBlock #13078980/Trx 2b78e90cfc946e9e0e76ddfc98872790261b31e7
View Raw JSON Data
{
  "trx_id": "2b78e90cfc946e9e0e76ddfc98872790261b31e7",
  "block": 13078980,
  "trx_in_block": 9,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-06-23T18:13:51",
  "op": [
    "custom_json",
    {
      "required_auths": [],
      "required_posting_auths": [
        "cathy77"
      ],
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"cathy77\",\"following\":\"teddy7\",\"what\":[\"blog\"]}]"
    }
  ]
}
2017/06/23 18:13:45
required auths[]
required posting auths["cathy77"]
idfollow
json["follow",{"follower":"cathy77","following":"sylviamiller","what":["blog"]}]
Transaction InfoBlock #13078978/Trx b01d70327a9b42de08e65bf9943b04019c3b4d11
View Raw JSON Data
{
  "trx_id": "b01d70327a9b42de08e65bf9943b04019c3b4d11",
  "block": 13078978,
  "trx_in_block": 18,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-06-23T18:13:45",
  "op": [
    "custom_json",
    {
      "required_auths": [],
      "required_posting_auths": [
        "cathy77"
      ],
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"cathy77\",\"following\":\"sylviamiller\",\"what\":[\"blog\"]}]"
    }
  ]
}
2017/06/23 18:13:45
required auths[]
required posting auths["cathy77"]
idfollow
json["follow",{"follower":"cathy77","following":"stranniksenya","what":["blog"]}]
Transaction InfoBlock #13078978/Trx 8bbb228a525c499718f7a496dced9175d7041358
View Raw JSON Data
{
  "trx_id": "8bbb228a525c499718f7a496dced9175d7041358",
  "block": 13078978,
  "trx_in_block": 7,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-06-23T18:13:45",
  "op": [
    "custom_json",
    {
      "required_auths": [],
      "required_posting_auths": [
        "cathy77"
      ],
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"cathy77\",\"following\":\"stranniksenya\",\"what\":[\"blog\"]}]"
    }
  ]
}
2017/06/23 18:13:42
required auths[]
required posting auths["cathy77"]
idfollow
json["follow",{"follower":"cathy77","following":"skyefox","what":["blog"]}]
Transaction InfoBlock #13078977/Trx 54ee0e92094e7eb4991823e8b4354500d951e5ae
View Raw JSON Data
{
  "trx_id": "54ee0e92094e7eb4991823e8b4354500d951e5ae",
  "block": 13078977,
  "trx_in_block": 27,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-06-23T18:13:42",
  "op": [
    "custom_json",
    {
      "required_auths": [],
      "required_posting_auths": [
        "cathy77"
      ],
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"cathy77\",\"following\":\"skyefox\",\"what\":[\"blog\"]}]"
    }
  ]
}
2017/06/23 18:13:36
required auths[]
required posting auths["cathy77"]
idfollow
json["follow",{"follower":"cathy77","following":"riskybiscuit","what":["blog"]}]
Transaction InfoBlock #13078975/Trx 1f7a65816c355bd51829a9e3b2e8f93660dea546
View Raw JSON Data
{
  "trx_id": "1f7a65816c355bd51829a9e3b2e8f93660dea546",
  "block": 13078975,
  "trx_in_block": 12,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-06-23T18:13:36",
  "op": [
    "custom_json",
    {
      "required_auths": [],
      "required_posting_auths": [
        "cathy77"
      ],
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"cathy77\",\"following\":\"riskybiscuit\",\"what\":[\"blog\"]}]"
    }
  ]
}
2017/06/23 18:13:33
required auths[]
required posting auths["cathy77"]
idfollow
json["follow",{"follower":"cathy77","following":"poorav","what":["blog"]}]
Transaction InfoBlock #13078974/Trx 7e8b38f3f785ec02df7bdd07f7df28ac9670e702
View Raw JSON Data
{
  "trx_id": "7e8b38f3f785ec02df7bdd07f7df28ac9670e702",
  "block": 13078974,
  "trx_in_block": 36,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-06-23T18:13:33",
  "op": [
    "custom_json",
    {
      "required_auths": [],
      "required_posting_auths": [
        "cathy77"
      ],
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"cathy77\",\"following\":\"poorav\",\"what\":[\"blog\"]}]"
    }
  ]
}
cathy77followed @ouba2
2017/06/23 18:13:30
required auths[]
required posting auths["cathy77"]
idfollow
json["follow",{"follower":"cathy77","following":"ouba2","what":["blog"]}]
Transaction InfoBlock #13078973/Trx c8ad61aa009b9a832dedd1e3d79ef81128e3a49f
View Raw JSON Data
{
  "trx_id": "c8ad61aa009b9a832dedd1e3d79ef81128e3a49f",
  "block": 13078973,
  "trx_in_block": 17,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-06-23T18:13:30",
  "op": [
    "custom_json",
    {
      "required_auths": [],
      "required_posting_auths": [
        "cathy77"
      ],
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"cathy77\",\"following\":\"ouba2\",\"what\":[\"blog\"]}]"
    }
  ]
}
2017/06/23 18:13:30
required auths[]
required posting auths["cathy77"]
idfollow
json["follow",{"follower":"cathy77","following":"maxypris","what":["blog"]}]
Transaction InfoBlock #13078973/Trx 737086b22730b5902434f94e7e999c85606a0a8b
View Raw JSON Data
{
  "trx_id": "737086b22730b5902434f94e7e999c85606a0a8b",
  "block": 13078973,
  "trx_in_block": 6,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-06-23T18:13:30",
  "op": [
    "custom_json",
    {
      "required_auths": [],
      "required_posting_auths": [
        "cathy77"
      ],
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"cathy77\",\"following\":\"maxypris\",\"what\":[\"blog\"]}]"
    }
  ]
}
2017/06/23 18:13:27
required auths[]
required posting auths["cathy77"]
idfollow
json["follow",{"follower":"cathy77","following":"maxer27","what":["blog"]}]
Transaction InfoBlock #13078972/Trx 5039660cff86e1f28154c275ecf36e7164e6bbbb
View Raw JSON Data
{
  "trx_id": "5039660cff86e1f28154c275ecf36e7164e6bbbb",
  "block": 13078972,
  "trx_in_block": 16,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-06-23T18:13:27",
  "op": [
    "custom_json",
    {
      "required_auths": [],
      "required_posting_auths": [
        "cathy77"
      ],
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"cathy77\",\"following\":\"maxer27\",\"what\":[\"blog\"]}]"
    }
  ]
}
2017/06/23 18:13:24
required auths[]
required posting auths["cathy77"]
idfollow
json["follow",{"follower":"cathy77","following":"mastergreen","what":["blog"]}]
Transaction InfoBlock #13078971/Trx 70eea43840f4bfdfc04b884392b63bdb8cecc206
View Raw JSON Data
{
  "trx_id": "70eea43840f4bfdfc04b884392b63bdb8cecc206",
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  "trx_in_block": 47,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-06-23T18:13:24",
  "op": [
    "custom_json",
    {
      "required_auths": [],
      "required_posting_auths": [
        "cathy77"
      ],
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"cathy77\",\"following\":\"mastergreen\",\"what\":[\"blog\"]}]"
    }
  ]
}
2017/06/23 18:13:15
required auths[]
required posting auths["cathy77"]
idfollow
json["follow",{"follower":"cathy77","following":"lautenglye","what":["blog"]}]
Transaction InfoBlock #13078968/Trx 25777d4439d34c913e7eaeec3bc6ee3c44588a08
View Raw JSON Data
{
  "trx_id": "25777d4439d34c913e7eaeec3bc6ee3c44588a08",
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  "trx_in_block": 29,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-06-23T18:13:15",
  "op": [
    "custom_json",
    {
      "required_auths": [],
      "required_posting_auths": [
        "cathy77"
      ],
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"cathy77\",\"following\":\"lautenglye\",\"what\":[\"blog\"]}]"
    }
  ]
}
2017/06/23 18:13:15
required auths[]
required posting auths["cathy77"]
idfollow
json["follow",{"follower":"cathy77","following":"kylek717","what":["blog"]}]
Transaction InfoBlock #13078968/Trx eee72196debfdd350a15f0dad0b82f7dd79236d7
View Raw JSON Data
{
  "trx_id": "eee72196debfdd350a15f0dad0b82f7dd79236d7",
  "block": 13078968,
  "trx_in_block": 19,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-06-23T18:13:15",
  "op": [
    "custom_json",
    {
      "required_auths": [],
      "required_posting_auths": [
        "cathy77"
      ],
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"cathy77\",\"following\":\"kylek717\",\"what\":[\"blog\"]}]"
    }
  ]
}
cathy77followed @jabra
2017/06/23 18:13:09
required auths[]
required posting auths["cathy77"]
idfollow
json["follow",{"follower":"cathy77","following":"jabra","what":["blog"]}]
Transaction InfoBlock #13078966/Trx e45c7c2ec42d38331d739449ced8d22606b625ea
View Raw JSON Data
{
  "trx_id": "e45c7c2ec42d38331d739449ced8d22606b625ea",
  "block": 13078966,
  "trx_in_block": 39,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-06-23T18:13:09",
  "op": [
    "custom_json",
    {
      "required_auths": [],
      "required_posting_auths": [
        "cathy77"
      ],
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"cathy77\",\"following\":\"jabra\",\"what\":[\"blog\"]}]"
    }
  ]
}
2017/06/23 18:13:09
required auths[]
required posting auths["cathy77"]
idfollow
json["follow",{"follower":"cathy77","following":"investlimestone","what":["blog"]}]
Transaction InfoBlock #13078966/Trx 44085b158e91de1616ba0f87bbb035db86ffe1ca
View Raw JSON Data
{
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  "block": 13078966,
  "trx_in_block": 26,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-06-23T18:13:09",
  "op": [
    "custom_json",
    {
      "required_auths": [],
      "required_posting_auths": [
        "cathy77"
      ],
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"cathy77\",\"following\":\"investlimestone\",\"what\":[\"blog\"]}]"
    }
  ]
}
2017/06/23 18:13:03
required auths[]
required posting auths["cathy77"]
idfollow
json["follow",{"follower":"cathy77","following":"gladman","what":["blog"]}]
Transaction InfoBlock #13078964/Trx 7431ee64657e77b53866b79a075e637ed200856c
View Raw JSON Data
{
  "trx_id": "7431ee64657e77b53866b79a075e637ed200856c",
  "block": 13078964,
  "trx_in_block": 17,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-06-23T18:13:03",
  "op": [
    "custom_json",
    {
      "required_auths": [],
      "required_posting_auths": [
        "cathy77"
      ],
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"cathy77\",\"following\":\"gladman\",\"what\":[\"blog\"]}]"
    }
  ]
}
2017/06/23 18:13:00
required auths[]
required posting auths["cathy77"]
idfollow
json["follow",{"follower":"cathy77","following":"flemingspace","what":["blog"]}]
Transaction InfoBlock #13078963/Trx 22236900a2d76778059ec8d784cb7c87889651fb
View Raw JSON Data
{
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  "trx_in_block": 6,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-06-23T18:13:00",
  "op": [
    "custom_json",
    {
      "required_auths": [],
      "required_posting_auths": [
        "cathy77"
      ],
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"cathy77\",\"following\":\"flemingspace\",\"what\":[\"blog\"]}]"
    }
  ]
}
2017/06/23 18:12:57
required auths[]
required posting auths["cathy77"]
idfollow
json["follow",{"follower":"cathy77","following":"dav3life420","what":["blog"]}]
Transaction InfoBlock #13078962/Trx 0f269d4bfc23fe885132d6e2451521fc5ed1698c
View Raw JSON Data
{
  "trx_id": "0f269d4bfc23fe885132d6e2451521fc5ed1698c",
  "block": 13078962,
  "trx_in_block": 3,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-06-23T18:12:57",
  "op": [
    "custom_json",
    {
      "required_auths": [],
      "required_posting_auths": [
        "cathy77"
      ],
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"cathy77\",\"following\":\"dav3life420\",\"what\":[\"blog\"]}]"
    }
  ]
}
2017/06/23 18:12:51
required auths[]
required posting auths["cathy77"]
idfollow
json["follow",{"follower":"cathy77","following":"cryptoriddler","what":["blog"]}]
Transaction InfoBlock #13078960/Trx 033146c4bd8393f13d3b4424f1c79ff7abf0e6ef
View Raw JSON Data
{
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  "trx_in_block": 32,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-06-23T18:12:51",
  "op": [
    "custom_json",
    {
      "required_auths": [],
      "required_posting_auths": [
        "cathy77"
      ],
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"cathy77\",\"following\":\"cryptoriddler\",\"what\":[\"blog\"]}]"
    }
  ]
}
2017/06/23 18:12:48
required auths[]
required posting auths["cathy77"]
idfollow
json["follow",{"follower":"cathy77","following":"chelseanews","what":["blog"]}]
Transaction InfoBlock #13078959/Trx 05c3248aabacd2cc917a4d70cebba1d1ab0f2a46
View Raw JSON Data
{
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  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-06-23T18:12:48",
  "op": [
    "custom_json",
    {
      "required_auths": [],
      "required_posting_auths": [
        "cathy77"
      ],
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"cathy77\",\"following\":\"chelseanews\",\"what\":[\"blog\"]}]"
    }
  ]
}
2017/06/23 18:12:45
required auths[]
required posting auths["cathy77"]
idfollow
json["follow",{"follower":"cathy77","following":"carlobelgado","what":["blog"]}]
Transaction InfoBlock #13078958/Trx 69685aa745dc2c809120d097cf13feb20d2f96b6
View Raw JSON Data
{
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  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-06-23T18:12:45",
  "op": [
    "custom_json",
    {
      "required_auths": [],
      "required_posting_auths": [
        "cathy77"
      ],
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"cathy77\",\"following\":\"carlobelgado\",\"what\":[\"blog\"]}]"
    }
  ]
}
2017/06/23 18:12:39
required auths[]
required posting auths["cathy77"]
idfollow
json["follow",{"follower":"cathy77","following":"akiran","what":["blog"]}]
Transaction InfoBlock #13078956/Trx f366cc6eaf05576002d704ce811ecf2564bc89e5
View Raw JSON Data
{
  "trx_id": "f366cc6eaf05576002d704ce811ecf2564bc89e5",
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  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-06-23T18:12:39",
  "op": [
    "custom_json",
    {
      "required_auths": [],
      "required_posting_auths": [
        "cathy77"
      ],
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"cathy77\",\"following\":\"akiran\",\"what\":[\"blog\"]}]"
    }
  ]
}
2017/06/23 18:04:21
voterhisilverstacker
authorcathy77
permlinkvideo-critical-updates-gold-silver-us-dollar-bonds-trading-more-by-gregory-mannarino
weight10000 (100.00%)
Transaction InfoBlock #13078790/Trx 87b38b720a88265309bfce95f384977f4d506fb5
View Raw JSON Data
{
  "trx_id": "87b38b720a88265309bfce95f384977f4d506fb5",
  "block": 13078790,
  "trx_in_block": 4,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-06-23T18:04:21",
  "op": [
    "vote",
    {
      "voter": "hisilverstacker",
      "author": "cathy77",
      "permlink": "video-critical-updates-gold-silver-us-dollar-bonds-trading-more-by-gregory-mannarino",
      "weight": 10000
    }
  ]
}
2017/06/23 18:03:42
votercathy77
authorcathy77
permlinkvideo-critical-updates-gold-silver-us-dollar-bonds-trading-more-by-gregory-mannarino
weight10000 (100.00%)
Transaction InfoBlock #13078777/Trx 698c3a13f03ed2720031844a30a621a72acc26b5
View Raw JSON Data
{
  "trx_id": "698c3a13f03ed2720031844a30a621a72acc26b5",
  "block": 13078777,
  "trx_in_block": 27,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-06-23T18:03:42",
  "op": [
    "vote",
    {
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2017/06/23 18:03:42
parent author
parent permlinkbusiness
authorcathy77
permlinkvideo-critical-updates-gold-silver-us-dollar-bonds-trading-more-by-gregory-mannarino
title(VIDEO) Critical Updates: Gold, Silver, US Dollar, Bonds, Trading, MORE! By Gregory Mannarino
bodyhttps://youtu.be/27-j0k91Aj8 In the video below, I talk about how now is the time to pounce on the paper derivatives of both gold and silver. I also believe that the US dollar is about to get slammed. The yield curve continues to flatten out, and soon stocks will fall under pressure. What this all means to me is there is opportunity my friends all over the place, and both you and I are going to rip the face off all of it! Do not miss this video.
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2017/06/23 18:01:06
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authormarketreport
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2017/06/23 14:11:18
votermrrokiwalakine
authorcathy77
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2017/06/23 14:01:39
votercathy77
authorcathy77
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2017/06/23 14:01:39
parent author
parent permlinkpolitics
authorcathy77
permlinkthe-way-congress-is-handling-health-care-shows-why-they-only-have-a-17-percent-approval-rating
titleThe Way Congress Is Handling Health Care Shows Why They Only Have A 17 Percent Approval Rating
body![](https://steemitimages.com/DQmd4Y9qqUAUK2J97wJnsodmYDCoYqi22ngyzHWTypbF6Ci/image.png) By Michael Snyder, on June 22nd, 2017 The Senate health care bill was unveiled on Thursday, and it appears to be dead on arrival. At least four conservative senators say that they can’t vote for the current version because it doesn’t go far enough, while several moderate Republicans are expressing concerns that it goes too far in repealing popular Obamacare provisions. You can read the full text of the bill here. Since Democrats are going to be united in voting against any bill that the Republicans put forward, Senate Majority Leader Mitch McConnell can only lose two Republican votes if he wants something to pass. I don’t know how that is going to be possible, and so in the end we may be stuck with Obamacare for the foreseeable future and that would be a total disaster. It is astounding to me that Republicans don’t want to pass the exact same clean Obamacare repeal bill that they got to Obama’s desk in 2016. If they got that same bill to Trump’s desk, he would sign it. Instead of trying to do everything at once, just repeal Obamacare and then start working on various pieces of the health care system one at a time. According to Real Clear Politics, Congress currently has an average approval rating of just 17.6 percent. It is an institution that has failed the American people over and over again, and we are never going to move things in a positive direction in this country until we do something to clean up that cesspool of filth and corruption. If we truly want to fix health care in this country, we need to rebuild the entire system from the ground up based on free market principles. But of course the bill that was just unveiled in the Senate simply tries to patch up the system we already have, and that ultimately won’t work… The bill is very similar to the version of the House bill that passed last month but with some key changes. The text released Thursday showed the Senate legislation would still make major changes to the nation’s health care system, repealing Obamacare’s individual mandate, drastically cutting back federal support of Medicaid, eliminating Obamacare’s taxes on the wealthy, insurers and others. The Senate plan however would keep Obamacare’s subsidies to help people pay for individual coverage. One thing that is good about the Senate bill is that it would eliminate Medicaid reimbursements for Planned Parenthood for 12 months, but of course this is something that would need to be made permanent as soon as possible. A more detailed list of major changes that the Senate bill makes was posted on Zero Hedge… Gives subsidies illegal immigrants if they are working in the United States Subsidies based on 350% Federal Poverty Level, not 400%. Gets rid of business and consumer mandates with no penalty Qualified plans don’t need to provide abortion coverage unless it’s to save the life of the mother Each state gets 15-10 Billion for uninsurables Cadillac tax is gone OTC med tax is gone HSA penalty tax is 10% Prescription tax is gone Medical device tax is gone Business owners can deduct part d expense again Deductible medical expenses are back to 7.5% instead of 10% AGI Tanning tax is gone (ironic) Net investment tax is gone HSA deductibility will be adjusted every year for COLA Both spouses can now make catch-up contributions to a family HSA 60 day limitation to setting up an HSA account when first getting the plan for purposes of a current claim No coverage for abortion clinics Repeal of cost-sharing subsidy MLR set by states Grants for states battling opiod addiction (like mine) CHIP is reauthorized $5,000 app fee to create small business association health pool Psychiatric coverage is limited to institutionalized individuals only, and for stays up to 30 days but not to exceed 90 days The Senate draft health-care bill doesn’t currently include a provision penalizing people who don’t maintain continuous coverage Overall, the Senate bill would be a bit of an improvement over Obamacare. But a slight improvement over a major disaster is still a disaster. Shortly after the bill was unveiled, four conservative senators announced that they cannot vote for the bill the way that it stands now… However, four conservative Republican senators —Rand Paul of Kentucky, Ted Cruz of Texas, Ron Johnson of Wisconsin and Mike Lee of Utah— said they “are not ready to vote for this bill” because it does not go far enough in repealing Obamacare. Separately, moderate GOP Sen. Dean Heller of Nevada said he has “serious concerns” about the bill’s impact on Medicaid patients. “Currently, for a variety of reasons, we are not ready to vote for this bill, but we are open to negotiation and obtaining more information before it is brought to the floor,” Paul, Cruz, Johnson and Lee said in a joint statement. “There are provisions in this draft that represent an improvement to our current health care system, but it does not appear this draft as written will accomplish the most important promise that we made to Americans: to repeal Obamacare and lower their health care costs.” On the other end of the spectrum, a couple of RINO (Republican in name only) senators are expected to object to the bill because it would reduce funding for Planned Parenthood… The Senate bill would cut Medicaid funds from organizations that provide abortions for one year. It does not mention Planned Parenthood by name, but the legislation is clearly targeting the organization, which Republican leaders have promised to defund. Sen. Susan Collins, R-Maine, and Sen. Lisa Murkowski, R-Alaska, have both expressed concerns about any legislation that defunds Planned Parenthood. Murkowski said Thursday she was still reviewing the bill’s provisions. President Trump says that the Senate bill is not a finished product and that it is open for negotiation. But I don’t see how in the world anyone is going to be able to craft something that will be acceptable to at least 50 Republicans in the Senate. Unfortunately, even if the Republicans pass a health care bill somehow it will not fix the giant mess that our system has become. One step in the right direction would be to legalize the kind of national buying groups that Rand Paul has proposed… Imagine if the tens of millions of people who belong to Credit Unions, or organizations like the NRA or ACLU, could negotiate as a group for health insurance and drug prices! Imagine the insurance executives and drug companies coming on bended knee to negotiate for the business of tens of millions of people! I have proposed legalizing nationwide Association Health Plans. My Senate Bill 222 does just that. I have advised the President to act through his Secretary of Labor to review existing law and make it explicitly known that national associations can negotiate as one to bring down insurance prices. And I would also like to see an expansion of direct primary care and other models that bypass the health insurance companies entirely. The health insurance companies collectively make a profit of 15 billion dollars a year, and they are a big part of what is wrong with our current system. There is so much that needs to be done to fix things, and both parties are failing the American people. So let’s hope that we can remove a lot of these incumbents in 2018, because we definitely need some fresh thinking in Washington.
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      "title": "The Way Congress Is Handling Health Care Shows Why They Only Have A 17 Percent Approval Rating",
      "body": "![](https://steemitimages.com/DQmd4Y9qqUAUK2J97wJnsodmYDCoYqi22ngyzHWTypbF6Ci/image.png)\n\nBy Michael Snyder, on June 22nd, 2017\nThe Senate health care bill was unveiled on Thursday, and it appears to be dead on arrival.  At least four conservative senators say that they can’t vote for the current version because it doesn’t go far enough, while several moderate Republicans are expressing concerns that it goes too far in repealing popular Obamacare provisions.  You can read the full text of the bill here.  Since Democrats are going to be united in voting against any bill that the Republicans put forward, Senate Majority Leader Mitch McConnell can only lose two Republican votes if he wants something to pass.  I don’t know how that is going to be possible, and so in the end we may be stuck with Obamacare for the foreseeable future and that would be a total disaster.\n\nIt is astounding to me that Republicans don’t want to pass the exact same clean Obamacare repeal bill that they got to Obama’s desk in 2016.  If they got that same bill to Trump’s desk, he would sign it.  Instead of trying to do everything at once, just repeal Obamacare and then start working on various pieces of the health care system one at a time.\n\nAccording to Real Clear Politics, Congress currently has an average approval rating of just 17.6 percent.  It is an institution that has failed the American people over and over again, and we are never going to move things in a positive direction in this country until we do something to clean up that cesspool of filth and corruption.\n\nIf we truly want to fix health care in this country, we need to rebuild the entire system from the ground up based on free market principles.  But of course the bill that was just unveiled in the Senate simply tries to patch up the system we already have, and that ultimately won’t work…\n\nThe bill is very similar to the version of the House bill that passed last month but with some key changes. The text released Thursday showed the Senate legislation would still make major changes to the nation’s health care system, repealing Obamacare’s individual mandate, drastically cutting back federal support of Medicaid, eliminating Obamacare’s taxes on the wealthy, insurers and others. The Senate plan however would keep Obamacare’s subsidies to help people pay for individual coverage.\n\nOne thing that is good about the Senate bill is that it would eliminate Medicaid reimbursements for Planned Parenthood for 12 months, but of course this is something that would need to be made permanent as soon as possible.\n\nA more detailed list of major changes that the Senate bill makes was posted on Zero Hedge…\n\nGives subsidies illegal immigrants if they are working in the United States\nSubsidies based on 350% Federal Poverty Level, not 400%.\nGets rid of business and consumer mandates with no penalty\nQualified plans don’t need to provide abortion coverage unless it’s to save the life of the mother\nEach state gets 15-10 Billion for uninsurables\nCadillac tax is gone\nOTC med tax is gone\nHSA penalty tax is 10%\nPrescription tax is gone\nMedical device tax is gone\nBusiness owners can deduct part d expense again\nDeductible medical expenses are back to 7.5% instead of 10% AGI\nTanning tax is gone (ironic)\nNet investment tax is gone\nHSA deductibility will be adjusted every year for COLA\nBoth spouses can now make catch-up contributions to a family HSA\n60 day limitation to setting up an HSA account when first getting the plan for purposes of a current claim\nNo coverage for abortion clinics\nRepeal of cost-sharing subsidy\nMLR set by states\nGrants for states battling opiod addiction (like mine)\nCHIP is reauthorized\n$5,000 app fee to create small business association health pool\nPsychiatric coverage is limited to institutionalized individuals only, and for stays up to 30 days but not to exceed 90 days\nThe Senate draft health-care bill doesn’t currently include a provision penalizing people who don’t maintain continuous coverage\nOverall, the Senate bill would be a bit of an improvement over Obamacare.\n\nBut a slight improvement over a major disaster is still a disaster.\n\nShortly after the bill was unveiled, four conservative senators announced that they cannot vote for the bill the way that it stands now…\n\nHowever, four conservative Republican senators —Rand Paul of Kentucky, Ted Cruz of Texas, Ron Johnson of Wisconsin and Mike Lee of Utah— said they “are not ready to vote for this bill” because it does not go far enough in repealing Obamacare. Separately, moderate GOP Sen. Dean Heller of Nevada said he has “serious concerns” about the bill’s impact on Medicaid patients.\n\n“Currently, for a variety of reasons, we are not ready to vote for this bill, but we are open to negotiation and obtaining more information before it is brought to the floor,” Paul, Cruz, Johnson and Lee said in a joint statement. “There are provisions in this draft that represent an improvement to our current health care system, but it does not appear this draft as written will accomplish the most important promise that we made to Americans: to repeal Obamacare and lower their health care costs.”\n\nOn the other end of the spectrum, a couple of RINO (Republican in name only) senators are expected to object to the bill because it would reduce funding for Planned Parenthood…\n\nThe Senate bill would cut Medicaid funds from organizations that provide abortions for one year. It does not mention Planned Parenthood by name, but the legislation is clearly targeting the organization, which Republican leaders have promised to defund.\n\nSen. Susan Collins, R-Maine, and Sen. Lisa Murkowski, R-Alaska, have both expressed concerns about any legislation that defunds Planned Parenthood. Murkowski said Thursday she was still reviewing the bill’s provisions.\n\nPresident Trump says that the Senate bill is not a finished product and that it is open for negotiation.\n\nBut I don’t see how in the world anyone is going to be able to craft something that will be acceptable to at least 50 Republicans in the Senate.\n\nUnfortunately, even if the Republicans pass a health care bill somehow it will not fix the giant mess that our system has become.\n\nOne step in the right direction would be to legalize the kind of national buying groups that Rand Paul has proposed…\n\nImagine if the tens of millions of people who belong to Credit Unions, or organizations like the NRA or ACLU, could negotiate as a group for health insurance and drug prices!  Imagine the insurance executives and drug companies coming on bended knee to negotiate for the business of tens of millions of people!\n\nI have proposed legalizing nationwide Association Health Plans.  My Senate Bill 222 does just that.  I have advised the President to act through his Secretary of Labor to review existing law and make it explicitly known that national associations can negotiate as one to bring down insurance prices.\n\nAnd I would also like to see an expansion of direct primary care and other models that bypass the health insurance companies entirely.\n\nThe health insurance companies collectively make a profit of 15 billion dollars a year, and they are a big part of what is wrong with our current system.\n\nThere is so much that needs to be done to fix things, and both parties are failing the American people.\n\nSo let’s hope that we can remove a lot of these incumbents in 2018, because we definitely need some fresh thinking in Washington.",
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2017/06/23 13:59:03
votercathy77
authormarketreport
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2017/06/21 23:58:00
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authorcathy77
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2017/06/21 23:38:06
votercathy77
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2017/06/21 23:38:06
parent author
parent permlinkcrypto
authorcathy77
permlinkethereum-flash-crashes-by-96-after-status-ico-clogs-network
titleEthereum Flash Crashes By 96% After Status ICO Clogs Network
bodyby Tyler Durden Jun 21, 2017 4:27 PM While Bitcoin, and recent Chinese and Korean momentum favorite, Litecoin, have been relatively stable for much of the day, Ethereum suffered dramatic losses on Wednesday, sliding from $360 to $260 before rebounding, in the process experiencing what may have been its first flash crash, when it plunged by 96% from $315 to $13 on massive volume, before rebounding. ![](https://steemitimages.com/DQmcogLo8FC47xYwE6gM2jAki791UK1cDoe5PcxLMryPK8W/image.png) As tends to happen without fail during volatile crypto-periods, the crash almost immediately took the Coinbase offline. Over the past 24 hours, there were several warnings about "unstable operation" in the Ethereum Network, such as this one from the BTC-E exchange. What catalyzed today's crash? According to one explanation posted on the Ethereum reddit, the reason was an ICO, or initial coin offering, gone very wrong. As user emansipater explained around noon, or shortly before the selling onslaught began, the catalyst for the selling was the "badly designed" Status ICO. Here are the detail: I assume that (unlike all the price discussion here which is totally offtopic) you are referring to the transaction issues which have led several exchanges to pause ETH withdrawals. Here is what happened: The badly designed Status ICO clogged up the network yesterday with a huge number of high gas fee transactions, most of which are failing but still filling up the blocks and preventing normal tx's from getting in. In addition, dwarfpool and perhaps others have set bad defaults on their client software that both actually cost themselves money and also prevent the network from automatically adapting to larger gas volumes the way it's supposed to. Furthermore, evidence is accumulating that f2pool was actively manipulating transactions bound for the Status ICO, which they participated in themselves, exacerbating the problem. Experts explained weeks ago that bad ICO designs are vulnerable to such attacks, but this appears to be the first time it was actually executed in the wild. So now, even though the Status ICO is over, there are still a huge number of transactions clogging up the network and the only way to get transactions in is to pay huge fees (which most of the exchanges probably don't want to do). Until it clears out, people are going to be missing ENS auctions, unable to withdraw from many wallets and exchanges, etc. etc. etc. Or, as he summarized "badly designed ICOs, plus selfish and foolish miners = major delays and maybe even substantial losses for everyone else." Judging by the ensuing flash crash, this was an accurate assessment. The good news for ETH fans is that once the backlog of transactions clears up, the crypto should resume its previous ways.
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      "body": "by Tyler Durden\nJun 21, 2017 4:27 PM\n\nWhile Bitcoin, and recent Chinese and Korean momentum favorite, Litecoin, have been relatively stable for much of the day, Ethereum suffered dramatic losses on Wednesday, sliding from $360 to $260 before rebounding, in the process experiencing what may have been its first flash crash, when it plunged by 96% from $315 to $13 on massive volume, before rebounding.\n\n![](https://steemitimages.com/DQmcogLo8FC47xYwE6gM2jAki791UK1cDoe5PcxLMryPK8W/image.png)\n\nAs tends to happen without fail during volatile crypto-periods, the crash almost immediately took the Coinbase offline.\nOver the past 24 hours, there were several warnings about \"unstable operation\" in the Ethereum Network, such as this one from the BTC-E exchange.\nWhat catalyzed today's crash?\n\nAccording to one explanation posted on the Ethereum reddit, the reason was an ICO, or initial coin offering, gone very wrong. As user emansipater explained around noon, or shortly before the selling onslaught began, the catalyst for the selling was the \"badly designed\" Status ICO. Here are the detail:\n\nI assume that (unlike all the price discussion here which is totally offtopic) you are referring to the transaction issues which have led several exchanges to pause ETH withdrawals. Here is what happened:\n \nThe badly designed Status ICO clogged up the network yesterday with a huge number of high gas fee transactions, most of which are failing but still filling up the blocks and preventing normal tx's from getting in.\n \nIn addition, dwarfpool and perhaps others have set bad defaults on their client software that both actually cost themselves money and also prevent the network from automatically adapting to larger gas volumes the way it's supposed to.\n \nFurthermore, evidence is accumulating that f2pool was actively manipulating transactions bound for the Status ICO, which they participated in themselves, exacerbating the problem. Experts explained weeks ago that bad ICO designs are vulnerable to such attacks, but this appears to be the first time it was actually executed in the wild.\n \nSo now, even though the Status ICO is over, there are still a huge number of transactions clogging up the network and the only way to get transactions in is to pay huge fees (which most of the exchanges probably don't want to do). Until it clears out, people are going to be missing ENS auctions, unable to withdraw from many wallets and exchanges, etc. etc. etc.\nOr, as he summarized \"badly designed ICOs, plus selfish and foolish miners = major delays and maybe even substantial losses for everyone else.\" Judging by the ensuing flash crash, this was an accurate assessment.\n\nThe good news for ETH fans is that once the backlog of transactions clears up, the crypto should resume its previous ways.",
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2017/06/21 15:15:15
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2017/06/21 15:15:15
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titleSuper Crash Report Your Complete Guide to the $200 Trillion Credit Collapse.....Interesting Read!!
bodyThese pages contain what I believe is the most important and urgent market analysis you can get your hands on right now – at any price. And I am glad to arrange to get it to you for free. But I promise this won’t be a case of “you get what you pay for.” A lot of people have been paying me a lot of money for many years for my advice. But now, given the state of the global markets and what’s about to happen, it’s urgent that I share my views with a broader audience of investors, and this gives me an opportunity to do that. Look, as an active fund manager for 25 years, I’ve had to be right all the time; I have to take the world as it is, not as I would like it to be. It’s made me unpopular on Wall Street because I called the last two credit crises when everyone else on Wall Street was leading investors over the cliff. But being realistic makes me very good at my job. I was lauded by the Financial Times and many in the industry for predicting both crises and keeping my clients’ money safe. Those of us who warned in 2007 that markets were heading for a fall were dismissed as Cassandras, just as we were treated when we issued similar warnings during the Internet Bubble that led to a spectacular crash in stocks and the credit markets in 2000-1. Now I’m telling you that the same thing is about to happen again – and possibly worse. Investors may be facing one of the biggest market collapses that they will see in their lifetimes, what I’m calling “The Super Crash.” And I truly believe this is just about your last chance to act now before it is too late. As an individual investor, you have to formulate an accurate view of the world… determine what assets are going up and what are going down and why… and make some key adjustments to your portfolio ahead of time. If you wait too long, it will be too late. The current rally may have pushed the Dow over 20,000, but it is based on sentiment, not on fundamentals. Stocks are trading at valuations that have no relationship to reality. Federal debt already exceeds 100% of GDP and is likely to keep growing at more than $1 trillion per year. Short-term, we are riding an irrational bull market, and you can get my analysis and recommendations for that situation here. But longer-term, we are in a bubble and that bubble is going to explode….no matter what the talking heads on financial television tell you. Our most recent correction occurred in Q1 2016, when stocks lost over 11% from their previous highs, but that’s nothing compared to what could happen if my fear of a $200 trillion credit collapse comes true. That’s what Sure Money is about – protecting you and your money and teaching you how to profit from what’s coming. Right now you need to know three things. There’s only one way this market can end – with a Super Crash. There are five inevitable forces leading to the Super Crash: far too much debt, far too little economic growth, overvalued markets disconnected from reality, counterproductive monetary policy, and geopolitical instability. (See the sidebar on page 4 for a full rundown.) Exactly how and exactly when the Super Crash will happen remains uncertain. So does how far the markets will fall before hitting true bottom. I have my personal forecast that’s been on target so far, and I’ll share it with you below. But what’s certain is that this threatens to be an extinction-level event caused by $200 trillion in global debt that can never be repaid and will inflict serious damage on portfolios and retirement accounts. It’s already started to happen. Summer 2015 offered a preview of what is coming. Puerto Rico’s insolvency, Greece’s default and humiliation by Europe (and Greece is about to default again!), China’s stock market collapse and desperate currency devaluation… these symptoms of a grossly over-leveraged world finally rocked U.S. markets in late August 2015, causing the biggest one-day drop on the Dow Jones Industrial Average in history. Right now, “Dow 20,000 fever” has disconnected us still further from the ugly underlying reality. But we’re not simply putting off the Super Crash; we’re actually making the ultimate crash worse by delaying the inevitable market adjustments that have to happen to correct large global imbalances that keep growing larger. This is an opportunity, not the end of the world. Any time you have a market selloff, it is a reality check that resets markets and creates some great investment opportunities. That’s what the Super Crash is going to be. If you take the right steps to prepare for it, you’ll do fine – and even make a lot of money. But if you do nothing, you will get run over by the freight train that is rumbling down the tracks. In the weeks ahead I’ll be guiding you through all of this. I’ll track the five inevitable forces behind the Super Crash. We’ll talk about the assets and investments that are going down – and which ones you need to sell or hedge before the collapse gains momentum. I’ll show you the portfolio allocation secrets my clients learn about every month. We’ll talk about what to do with cash – and the potential problem with money market funds. How you can earn safe income. Which bond funds and ETFs to buy, which ones to sell. And which stocks will make you money in the years ahead. Of course you need to own gold, but you’ll get my personal view on why and how. You’ll get it all. But that’s not what matters today. First you need some immediate protection from the downside and some ways to position yourself for the upside from this market throttling. Yes, there is upside, if you know where to look. But I urge you to act now. This is going to happen sooner than most people think. In fact, it’s already started. The Five Inevitable Forces Behind the Super Crash Inevitability #1: The 30-year “Debt Supercycle” is about to end. Over the past 30 years, the world gorged out on debt in a massive “Debt Supercycle.” There is too much public and private sector debt in the United States, Europe, Asia, and the emerging markets. Today there is more than $200 trillion of total public and private debt outstanding in the world, with over $600 trillion in derivative contracts sitting on top of that, a veritable debt bomb lurking on global balance sheets waiting to explode. The U.S. national debt is $20 trillion and rising. In 2016, we’ll pay over $400 billion in interest on that debt. And we’ll make the payments by borrowing the money. An economy has to generate enough income to pay the interest on its debt. And today, the U.S. and global economy does not. Why? That leads me to the next point. Inevitability #2: The global economy is stuck with sub-par growth. The global economy doesn’t generate enough income to pay its debt because most of this debt wasn’t used to fund activities and assets that generate future streams of revenue. Instead, it paid for unproductive things like consumption, housing, stock buybacks, dividends, M&A and financial speculation. Economic growth since the financial crisis was based primarily on the growth of debt rather than the creation of income-generating and productive assets. The net result of more and more debt was less and less growth. Until the world learns how to grow other than through borrowing, it will be doomed to subpar growth. Inevitability #3: The markets will crash – big. After eight years of largely uninterrupted gains in stock prices from 2009 until today, the markets are overvalued by almost every measure and running on fumes. This is a byproduct of the Debt Supercycle. In a slow-growth world, corporate executives focused on stock buybacks to increase the value of their stock options. By spreading profits over fewer shares, they were able to increase earnings per share and make each share of stock worth more – even if it meant increasing debt in the process. If a company wasn’t generating enough extra cash to buy back stock, it simply borrowed the money at record low interest rates. Since 2009, U.S. corporations bought back more than $2 trillion in stock rather than investing in R&D, new plants and equipment, and creating new jobs. And in m cases they used borrowed money to do it. When companies run out of their own stock to buy, it will be one sign that the Debt Supercycle is coming to an end with a resounding crash. Inevitability #4: Central banks won’t be able to rescue us this time. Central banks are actively debauching the value of fiat currencies with QE and money-printing. Everybody’s buying power is being demolished. Inflation is raging. Deflation is a fairy tale that central bankers tell themselves at bedtime to justify their fear of raising interest rates because of the impact the truth would have on an over-indebted world. Meanwhile, they artificially suppressed interest rates to levels that render fixed investments certificates of confiscation in nominal and real (i.e. inflation-adjusted) terms. The government is effectively stealing savers’ money. All this was an attempt to stimulate growth, but now central banks have no cards left to play. We have reached “the terminal stage of monetary policy.” With interest rates barely above zero, and its balance sheet stuffed with debt, the Federal Reserve can’t do much more to stimulate growth or bail out markets when they collapse. The Fed already fatally mismanaged this credit cycle, and negligible 25-point rate hikes won’t change any of the underlying issues. Central bank policy has reached its limits. Other central banks (ECB, Bank of Japan) are trying to pick up the slack, but ultimately all of these programs are doomed to fail because they try to alleviate a debt trap by creating more debt. Inevitability #5: There’s geopolitical trouble ahead. Geopolitical instability is extremely dangerous for investors, yet markets act like the world is an oasis of stability. In fact, the world is a burning cauldron that could explode at any moment. War is raging across the Middle East, Eastern Europe, and parts of Africa. In the U.S., the southern border is a sieve while America’s inner cities are home to intolerable levels of poverty and violence as a result of five decades of failed progressive policies that are long overdue for reassessment. And in an epic foreign policy disaster, the Obama administration entered into an agreement with Iran that gave the largest state sponsor of terrorism $150 billion in sanctions relief and the ability to gain nuclear arms capability in return for nothing. Moreover, Donald Trump’s presidency now adds a whole new layer of geopolitical instability. Trump is pro-business and pro-tax cuts but he’s also pro-chaos, and markets don’t like chaos. Many of Mr. Trump’s policy statements, regardless of their merit, are destabilizing and are better handled privately or diplomatically, not in the media. Markets crave stability and they’re not getting it from the President. Mr. Trump constitutes a monumental policy shift, not just away from Obama but from all previous presidents. On foreign policy he is saying some very disruptive things as he breaks not only from Obama’s disastrous policies but also from George W. Bush’s failed policies of nation building in the Middle East. He is challenging the status quo on trade, which may prove to be enormously damaging to markets. And he may cut taxes as much as Reagan but would be doing so with the United States in a much weaker economic position than in the 1980s and little way to pay for it, resulting in much larger deficits that could freak out the bond market. We will have to wait and see. So while the economy is as fragile as 1999 or 2007, the geopolitical landscape is as threatening as 1909 or 1939. Our business and political leaders are focused elsewhere, which is how conditions were allowed to deteriorate so badly. As one commentator said in early 2015, somewhere in the world there is an archduke waiting to be assassinated and set off a global conflagration. When that happens, markets are going to plunge. You cannot afford to ignore these risks or place your confidence in the people running our government. You need to protect yourself now. I know this is all frightening. Most investors are likely to experience a much tougher road in the years ahead. But here’s the point… The end of “Debt Supercycle” creates an inflection point with a host of ripple effects, and the risks are compounded by serious geopolitical instability. But I believe that today’s debt-fueled crisis also represents a tremendous opportunity for you to make money. The Cracks Are Starting to Show At the beginning of August 2015, China’s stock market bubble popped, Puerto Rico finally admitted it was insolvent and had no hope of repaying its $72 billion debt, and Greece was again on the verge of default and economic collapse. Market liquidity was deteriorating by the day. ISIS was terrorizing the Middle East, home-grown terrorists were threatening Americans at home, and the Obama administration was pressuring Democrats to support the treasonous Iran nuclear deal over the opposition of a majority of Congress and the American people. But despite these warning signs, markets were still cruising along as though everything was hunky-dory. I was warning my clients for months that a storm was coming and they should take steps to protect themselves, and it’s a good thing that I did. Because suddenly everything changed. During the week of August 17, stocks plunged 6% after China, a country even more leveraged than the United States, began to devalue its currency. That was an admission by China’s leaders that the country’s economy was in bigger trouble than people realized. That set off a chain reaction that’s still playing out. On Monday, August 24, investors panicked and sent the Dow Jones Industrial Average down 1,100 points at the open. This move, which ended with the biggest one-day loss in history, was exacerbated by changes in market structure that increase volatility and reduce liquidity. The Dow lost 1,300 points between Friday, August 21, and Tuesday, August 25, before recovering 1,000 of them on Wednesday and Thursday, August 26 and 27. Volatility was historic, with the Chicago Board Options Exchange Volatility Index (VIX) spiking to levels that we haven’t seen in years. After hitting 44 that day, the VIX settled down to close the week at 26.05, much higher than the average levels in the mid-teens that had prevailed over the last two years. On Tuesday, September 1, the Dow lost another 470 points, then rallied the next day. After four years without a 10% correction, investors were given a much-needed reality check. The markets rallied deceptively in October and November, erasing the August losses on the strength of just four stocks (I’ll come back to those in a minute). That’s just not sustainable… as 2016’s frightening open proved. In the first six weeks of that year, the Dow plunged over 2,000 points and the S&P 500 fell almost 250 before recovering. Since then, we’ve been on a misleading upward trajectory, fueled by bullish sentiment and election hopes. Inexplicably, markets shrugged off signs of European economic stress after the Brexit vote and rejection of the Italian constitutional referendum – and finally reached all-time highs after Mr. Trump’s election. Everyone wants to know what’s next. As usual, Wall Street’s so-called “top strategists” remain consistently bullish. Barron’s didn’t even wait for the ink to dry on the Dow’s20,000 print before declaring in a new cover story: “Next Stop Dow 30,000.” On average, top bank strategists expect the S&P 500 to end 2017 at 2,337. There is a Wall Street adage market predictions tell you more about the person making them than about the market. In the case of Wall Streeters who are paid to be bullish, their predictions are hardly worth the paper they are written on. But an objective look at the world around us strongly suggests that the current bullishness is misplaced and unsupported by the facts. Where Do We Go from Here? 2017: Rather than produce a year-end target for the market for 2017, which is like shooting darts at a sparrow, I am forecasting a range for the S&P 500 of 1800/2400 which equates to ~20% downside and ~7% upside from the closing level of 2238 on December 30, 2016. This range is somewhat wider than last year’s 52-week trading range of 1810/2277 on the upside because are starting about 200 points higher than we did a year ago. I expect more volatility this year based on much greater policy and geopolitical uncertainty though central banks will keep suppressing volatility as much as they can. You can get my full analysis of this shorter-term, irrational bull market, as well as my profit recommendations, here. 2018-19: Longer-term, I am very bearish and want to make that very clear to you. A big sell-off across the board is more likely than a continuing rally in anything at this point. The smartest people I know – with very few exceptions – are very bearish. Only the consensus and Wall Street, which is paid to be bullish, is trying to make a case for things going up. If there is a Super Crash, it will turn into a deep recession because the Fed and other central banks are out of bullets. But I think it likely we may be looking at a multiyear bear market. None of the factors pressuring markets are going away – China, Europe, commodities, and slow global growth are here to stay. I remain convinced that we will see the Super Crash in the next several years. Over the next decade: Markets are resilient. The world will not come to an end. Things will shake out; markets will reset. That will create a new set of investment opportunities across all asset classes – stocks, bonds, and commodities. The key will be knowing when the cycle turns toward recovery and where to put your money. The Asset Classes: What’s Going Up and What’s Going Down Many financial advisors and Wall Street strategists will tell you to keep buying stocks and bonds long past the point where it makes sense to do so. They are already doing that. You can see them chirping on television about “buying opportunities” and “buying the dips.” They will keep telling you that the markets are safe, that the financial system is stable, and that you should just close your eyes and trust central bankers and government officials to do the right thing. These people would be selling tickets on the Titanic as it sailed through a field of icebergs. Beware. These so-called “experts” are dangerous to your financial health. These are the same people who told you to buy Internet stocks at the height of the Internet Bubble in 2000, and housing stocks at the top of the Housing Bubble in 2006-7. And these are the same stubborn bulls who are telling you today that the Dow is headed to 30,000 and it is safe to own ridiculously overvalued social media and biotech stocks. There’s a natural allure to “up” markets, but the intoxicating effects of a bull market are not related to an investor’s need to invest and allocate money rationally based on specific goals. While you can get some shorter-term, bull market profit recommendations here, I recommend you start building a serious bear market portfolio to protect yourself before the inevitable crash. Now let’s tackle the asset classes. Equities (Mostly Going Down) Over the past seven years, equities have risen primarily because of the Fed. In fact, the rise in stock prices has almost exactly tracked the increase in the size of the Federal Reserve’s balance sheet. As the Fed created more money out of thin air, a lot of it ended up propping up the stock market. But the Fed stopped growing its balance sheet in October 2014, and it is no coincidence that stocks have struggled ever since. Still, as of Q1 2017, stock prices are still too high, particularly as seen through the valuations of several standard valuation measures, including one favored by Warren Buffett. His favorite measure of stock valuation, the ratio between the total market capitalization of the S&P 500 and Gross Domestic Product, is 1.25x, compared to an historical mean of 0.75x. Another measure of stock valuations, the Shiller Cyclically-Adjusted P/E Ratio that measures stocks over a 10-year rolling period, is 28.4x versus a historical average of 16.6x. These two measuring sticks show the market trading at 70% above its long-term value. The whole Dow 20,000 frenzy is an exercise in chasing one’s tail. Like many things that capture the popular imagination, the Dow Jones Industrial Average is not what it seems. As economist extraordinaire David Rosenberg points out, if the eight companies that were replaced in the Dow since April 2004 had remained in the index, we would be reading about Dow 12,886, not Dow 20,000. Also, as a price weighted index, moves in certain stocks have an outsized impact on the Dow. For example, moves in Goldman Sachs Group (GS) have eight times the impact on the Dow as those of General Electric (GE). Goldman stock is up 60 points since the election and along with three other stocks is responsible for the entire rally in the Dow since Election Day. Many other overvalued and overleveraged stocks – particularly those in the retail sector, which I discuss below – are already starting to fall. GOING DOWN Two of the most highly respected investment strategists in the business, GMO and Research Affiliates, are projecting that U.S. stocks will generate zero returns over the next decade. Both firms suggest that only non-U.S. equities are likely to generate meaningful returns over the next decade, and even those returns are only projected to be in the mid-single digits. The increasingly strained efforts of strategists to justify current prices illustrate how long-in-the-tooth the bull market has become. Just as early 2016 saw the S&P 500 drop sharply and then recover during the rest of the year (, the post-election rally may soon be a distant memory as the Trump administration confronts the reality of governing and the Federal Reserve inches up interest rates. Administration efforts to sharply reduce government spending, admirable as they are, will take a bite out of the U.S. economy and corporate profits. And an economy with nearly $50 of public and private sector debt will feel the effects of rising interest rates where every 1% rise increases interest expense by nearly $500 billion. Not all businesses will feel the effects evenly, however, which means investors will have to sharpen their pencils to separate winners from losers. In doing so, they must ignore Wall Street analysts and the financial media and think for themselves. There are many ridiculously overvalued stocks that will plunge in value when the market finally comes to its senses. I intend to tell you how to avoid owning those stocks and even how to profit from them before they collapse. Even before the crash begins, the cracks are already starting to show in the retail sector. Retail Is The New Energy Like the energy sector that collapsed in 2014-15, the retail sector is coming apart at the seams. The assault on department stores and other traditional retailers from ecommerce, price sensitive consumers and a tepid economy is destroying revenues and profits. Department store sales dropped $7.2 billion from 2001 to $12.7 billion today according to BMO’s Jack Ablin (and that’s nominal so in inflation-adjusted terms the drop is much more severe). In addition to the continuing destruction of value at Sears Holdings Inc. (SHLD), several smaller chains such as Gander Mountain, Eastern Mountain Sports, Bob’s Stores and Wet Seal experienced poor holiday seasons that may push them into bankruptcy in the near future (Wet Seal actually filed recently). Macy’s (M) and J.C. Penney & Co. (JCP) continue to struggle and consumer products companies like GoPro, Inc. (GPRO) and Fitbit, Inc. (FIT) are in trouble. A combination of structural changes (i.e. the increasing dominance of e-commerce) and reluctant consumers is spelling doom for many products that were little more than fads (I mean, do you really need a wearables device to measure every burp?). Investors would do well to avoid exposure to the retail sector, and to use puts to profit on the short side. Not a “Permabear” At the beginning of both 2013 and 2014, I called for the S&P 500 to rise in the following 12 months, which it did. But in January 2015, after watching oil and the rest of the commodities complex collapse over the second half of 2014 in concert with China’s slowing economy and the demise of the weakest segment of the high yield bond market (CCC and B-rated bonds), I concluded that the end of the post-crisis bull market had arrived. Having correctly called the credit crisis of 2001/2 and the financial crisis of 2008/9, I saw similar warning signs suggesting that investors should protect their assets. Right now, although I acknowledge that we are in a shorter-term bull market, I see the same warning signs on the horizon – especially for investors who believe markets can defy the headwinds that buffeted them in 2015 and continue to blow hard. GOING UP Nonetheless, there are still undervalued stocks that will benefit from important economic trends. My job in Sure Money is to find these opportunities and share them with you. For now, just recognize that there will be opportunities in equities even if we experience a crash. For instance, we can expect Trump to keep his promise to rebuild the military, which should help defense stocks like Raytheon Co. (RTN). In addition, financial stocks should benefit from less regulation and potential repeal of parts of Dodd-Frank, but higher interest rates will be a more important factor in their future profitability. HOW TO PROFIT First, get your asset allocation right. Longer-term, investors should have no more than 30% of their portfolio invested in stocks right now, provided they are prepared to treat this as a “buy and hold” investment and are disciplined enough not to trade the portfolio. Investors who panicked and sold at the market low in March 2009 destroyed their returns. As David Rosenberg of Gluskin Sheff teaches, it is time “in” the market rather than “timing” the market that generates solid equity returns. This requires patience and discipline. Over long periods of time (decades), equities should continue to generate high-single-digit total rates of return (consisting of capital gains plus dividends). This is a lower allocation than most advisors recommend, but with stocks still overvalued and projected returns over the next decade so low, a reduced allocation is appropriate today. Second, hedge this portion of your portfolio. There are multiple inexpensive ways to do this today, based on your personal allocations and risk tolerance. Buy ProShares Short S&P 500 ETF (NYSEArca:SH). If you have a high concentration of stocks in the Dow Jones Industrial Average in your portfolio, buy the ProShares Short Dow 30 ETF (NYSEArca:DOG). If you have smaller-cap stocks in your portfolio, you can use the ProShares Short Russell 2000 ETF (NYSEArca:RWM). Finally, if you are long in the tech-heavy Nasdaq, you can use the ProShares Short QQQ ETF (NYSEArca:PSQ). Bonds (Going Down) As overvalued as stocks are today, bonds are even more overvalued. In fact, they are in an epic bubble that is going to lay waste to investors. Central banks massively distorted global bond markets by buying back trillions of dollars of government debt. Since 2008, the Federal Reserve has bought over $4 trillion of U.S. government debt. The ECB has repurchased over $1.1 trillion of European government debt, and the Bank of Japan is buying back trillions of dollars of Japanese government bonds (as well as stocks and ETFs). There are two results of these actions, neither of them good. First, interest rates were artificially lowered, and second, liquidity in government bond markets around the world dried up. Today, investors are paid only 2.41% for the privilege of lending money to the U.S. government for 10 years and only 3.0% for lending them money for 30 years. On an inflation-adjusted basis, these are negative returns. In 2016, for the first time, the average yield on German government debt dropped below zero. Governments are effectively confiscating the capital of the people lending them money. Don’t be a fool and let them do that to you! This farce is unsustainable. History teaches us that governments that printing trillions of dollars of money will ignite massive inflation that will cause bond prices to plunge and interest rates to spike up. Investors holding 10- and 30-year government bonds will get crushed in the years ahead. There is no reason to own these certificates of confiscation. Instead, I can show you how to profit from this massive destruction of wealth by the world’s governments. HOW TO PROFIT The best way to make money in bonds is to short bonds with an instrument like the ProShares UltraShort 20+ year Treasury ETF (NYSEArca:TBT) or selling short Vanguard Total Return International Bond ETF (BNDX). Timing is critical though the likelihood of these trades moving against you is small so putting them on now as a hedge is not a bad idea. Currencies (Only One Is Going Up) One of the biggest threats to all financial investments is that the currencies in which they are denominated are being actively devalued every day by the failed monetary policies of the world’s central banks and the complete absence of meaningful pro-growth fiscal policies. The only ways to protect yourself is to first diversify some of your assets out of paper currencies into gold and other tangible assets, and second, concentrate your paper holdings in the currency that will fare the best: the U.S. dollar. GOING UP While the value of all paper currencies will continue to be destroyed by central banks, the U.S. dollar should fare much better than the other major currencies. To understand why this trend will continue, you must understand what is causing it in the first place: an historic divergence between central bank policies in the United States and the rest of the world. While the Fed has ended quantitative easing and began raising interest rates at the end of 2015 (albeit painfully slowly), the ECB and the Bank of Japan are moving in the opposite direction, initiating huge new bond-buying programs to lower interest rates in their markets. Both regions are dead set on cheapening their currencies against the dollar in order to stimulate economic growth and inflation, but inflation will only cheapen their currencies. As a result, the U.S. dollar should keep rising as global investors flee lower yielding currencies and flock to the higher yielding U.S. currency. The future of the euro and the yen remains bleak. The U.S. Dollar Index (DXY) is the key index to watch to monitor the strength of the dollar. The DXY broke a long-term trend line in December 2014 when it hit 95. Just as I predicted, in early November 2015, DXY closed above 98, a key resistance level. Keep an eye on the DXY – as of Q1 2017, it’s above 100 and likely to maintain this level, which will have deflationary consequences for global markets. However, a note of caution is warranted on the dollar: The DXY ended January at 99.55, down sharply from its post-election high of 103.82. It lost about half its post-election gains after President Trump said the dollar was “too strong,” raising questions regarding whether the new administration will try to weaken the currency in order to aid American exports. Clearly a strong dollar, like higher interest rates, creates a headwind for the higher growth that the administration promises. Unlike previous presidents, Mr. Trump has no compunction about trashing his own currency, something that is going to take markets some getting used to. While I continue to believe that investors should maintain short euro and yen positions against the US Dollar, I would proceed cautiously because Mr. Trump could tweet a monkey wrench into this trade at any time. Talking down the dollar is extremely short-sighted on Mr. Trump’s part and hopefully he will come to realize that he should let global economic forces work themselves out. Those forces not only dictate a stronger dollar but in the long run are much stronger than anything a U.S. president can say. GOING DOWN The euro and the Japanese yen and Chinese yuan will suffer. Remember that a weaker yen sets off a currency war in Asia that forces China, North Korea, Vietnam and other export-driven nations to react by weakening their currencies. We live in an age of currency wars, but unfortunately the main casualty of all of these wars remain non-dollar currencies. And the main victor, as noted below, is gold. HOW TO PROFIT One way to invest in a stronger dollar is through the ProShares DB US Dollar Bullish ETF (NYSEArca:UUP). This ETF has its largest exposure to a weaker euro, followed by the yen and the British pound. You can also target the euro by investing in ProShares Short Euro ETF (NYSEArca:EUFX). I am reluctant to recommend leveraged ETFs (because they reset every night and have to be actively managed) and there are no ETFs that provide unleveraged short exposure to the yen, but you can sell short the Guggenheim Currency Shares Japanese Yen Trust ETF (NYSEArca:FXY) to gain short exposure to the yen. Gold (Going Up) The first thing to understand about gold is that it is a currency, not a commodity, in today’s world. But unlike all other currencies (with the exception of digital currencies such as bitcoin), it is the anti-fiat currency. While the dollar is likely to continue rising against the euro, the yen, the yuan and other currencies, the question remains what will happen to the value of the dollar itself in a world where the Federal Reserve makes no secret of its desire to destroy the value of the dollar by increasing inflation as its official policy. And the answer to that question is that it should decline against the value of gold and other tangible assets. The explosion in financial asset prices since the financial crisis is one manifestation of the destruction of the value of all fiat currencies including the dollar. Do you really think assets such as mega-houses or artistic masterpieces are suddenly worth tens or hundreds of millions of dollars? Of course not! Their rising prices are a reflection of the fact that the currencies in which they are bought and sold are worth less with every passing day! It is no accident that the wealthiest people in the world are shifting their money out of paper currencies into high-end real estate, collectibles, art, and similar tangible assets as a hedge against falling paper currencies. Eventually gold and other precious metals will follow this trend and appreciate sharply. HOW TO PROFIT In early 2017, gold is starting to recover from a bad year in 2016. In fact, the spot price of gold is up $100/oz. since year end on concerns that the Trump administration will blow out the budget trying to revive American growth. Long-term investors who are interested in protecting their wealth should use gold current low price as an opportunity to buy more of the anti-fiat currency. I strongly believe that gold will eventually trade at several thousand dollars an ounce as the fiat currency standard is destroyed by central bankers and governments left with no other way of repaying the hundreds of trillions of dollars/euros/yen they borrowed other than by destroying the value of these debts. Central banks have only begun to destroy the value of the dollar and other paper currencies. In the current global environment, where there is more than $200 trillion of global debt and $50-60 trillion of that resides in the United States alone (excluding unfunded future promises of hundreds of trillions of dollars), debasement of the US dollar is a certainty. Investors should continue to accumulate gold and save themselves. The preferred way is to own physical gold through the purchase of coins and gold bars. Keep it in a safe place at home. Beyond that, I recommend the Central Fund of Canada (NYSEMkt:CEF) and the Sprott Physical Gold Trust ETF (NYSEArca:PHYS). Both ETFs own both gold and silver and from time-to-time give you an opportunity to buy these precious metals at a discount to their spot price. The SPDR Gold Trust ETF (NYSEArca:GLD) is a third way to own gold but tends to attract more speculative fund flows than the other two. In addition, I am recommending long plays on two gold mining ETFs: Global X Gold Explorers ETF (NYSEArca:GLDX) and Market Vectors Junior Gold Miners ETF (NYSEArca:GDXJ). I am recommending the ETFs rather than individual stocks to mitigate the individual operating issues associated with individual companies. These are long-term picks that could easily take more than one year to work out because gold is a multiuser play. But gold miners still trade at extremely low valuations and are highly leveraged to higher gold prices. The price of gold has yet to reflect the debauchment of paper currencies, but wise investors understand that years from now gold will be worth thousands of dollars an ounce as the value of fiat currencies are destroyed by the world’s central banks. We’ll be following all these ups, downs, and profit opportunities in the months ahead. Sincerely. Michael Lewitt Editor, Sure Money
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      "author": "cathy77",
      "permlink": "super-crash-report-your-complete-guide-to-the-usd200-trillion-credit-collapse-interesting-read",
      "title": "Super Crash Report Your Complete Guide to the $200 Trillion Credit Collapse.....Interesting Read!!",
      "body": "These pages contain what I believe is the most important and urgent market analysis you can get your hands on right now – at any price. And I am glad to arrange to get it to you for free.\n\nBut I promise this won’t be a case of “you get what you pay for.” A lot of people have been paying me a lot of money for many years for my advice. But now, given the state of the global markets and what’s about to happen, it’s urgent that I share my views with a broader audience of investors, and this gives me an opportunity to do that.\n\nLook, as an active fund manager for 25 years, I’ve had to be right all the time; I have to take the world as it is, not as I would like it to be. It’s made me unpopular on Wall Street because I called the last two credit crises when everyone else on Wall Street was leading investors over the cliff. But being realistic makes me very good at my job. I was lauded by the Financial Times and many in the industry for predicting both crises and keeping my clients’ money safe.\n\nThose of us who warned in 2007 that markets were heading for a fall were dismissed as Cassandras, just as we were treated when we issued similar warnings during the Internet Bubble that led to a spectacular crash in stocks and the credit markets in 2000-1.\n\nNow I’m telling you that the same thing is about to happen again – and possibly worse.\n\nInvestors may be facing one of the biggest market collapses that they will see in their lifetimes, what I’m calling “The Super Crash.” And I truly believe this is just about your last chance to act now before it is too late.\n\nAs an individual investor, you have to formulate an accurate view of the world… determine what assets are going up and what are going down and why… and make some key adjustments to your portfolio ahead of time.\n\nIf you wait too long, it will be too late.\n\nThe current rally may have pushed the Dow over 20,000, but it is based on sentiment, not on fundamentals. Stocks are trading at valuations that have no relationship to reality. Federal debt already exceeds 100% of GDP and is likely to keep growing at more than $1 trillion per year. Short-term, we are riding an irrational bull market, and you can get my analysis and recommendations for that situation here. But longer-term, we are in a bubble and that bubble is going to explode….no matter what the talking heads on financial television tell you.\n\nOur most recent correction occurred in Q1 2016, when stocks lost over 11% from their previous highs, but that’s nothing compared to what could happen if my fear of a $200 trillion credit collapse comes true.\n\nThat’s what Sure Money is about – protecting you and your money and teaching you how to profit from what’s coming.\n\nRight now you need to know three things.\n\nThere’s only one way this market can end – with a Super Crash. There are five inevitable forces leading to the Super Crash: far too much debt, far too little economic growth, overvalued markets disconnected from reality, counterproductive monetary policy, and geopolitical instability. (See the sidebar on page 4 for a full rundown.) Exactly how and exactly when the Super Crash will happen remains uncertain. So does how far the markets will fall before hitting true bottom. I have my personal forecast that’s been on target so far, and I’ll share it with you below. But what’s certain is that this threatens to be an extinction-level event caused by $200 trillion in global debt that can never be repaid and will inflict serious damage on portfolios and retirement accounts.\n\nIt’s already started to happen. Summer 2015 offered a preview of what is coming. Puerto Rico’s insolvency, Greece’s default and humiliation by Europe (and Greece is about to default again!), China’s stock market collapse and desperate currency devaluation… these symptoms of a grossly over-leveraged world finally rocked U.S. markets in late August 2015, causing the biggest one-day drop on the Dow Jones Industrial Average in history. Right now, “Dow 20,000 fever” has disconnected us still further from the ugly underlying reality.  But we’re not simply putting off the Super Crash; we’re actually making the ultimate crash worse by delaying the inevitable market adjustments that have to happen to correct large global imbalances that keep growing larger.\n\nThis is an opportunity, not the end of the world. Any time you have a market selloff, it is a reality check that resets markets and creates some great investment opportunities. That’s what the Super Crash is going to be. If you take the right steps to prepare for it, you’ll do fine – and even make a lot of money. But if you do nothing, you will get run over by the freight train that is rumbling down the tracks.\n\nIn the weeks ahead I’ll be guiding you through all of this. I’ll track the five inevitable forces behind the Super Crash. We’ll talk about the assets and investments that are going down – and which ones you need to sell or hedge before the collapse gains momentum. I’ll show you the portfolio allocation secrets my clients learn about every month. We’ll talk about what to do with cash – and the potential problem with money market funds. How you can earn safe income. Which bond funds and ETFs to buy, which ones to sell. And which stocks will make you money in the years ahead. Of course you need to own gold, but you’ll get my personal view on why and how. You’ll get it all.\n\nBut that’s not what matters today. First you need some immediate protection from the downside and some ways to position yourself for the upside from this market throttling. Yes, there is upside, if you know where to look.\n\nBut I urge you to act now.\n\nThis is going to happen sooner than most people think.\n\nIn fact, it’s already started.\n\nThe Five Inevitable Forces Behind the Super Crash\nInevitability #1: The 30-year “Debt Supercycle” is about to end.\n\nOver the past 30 years, the world gorged out on debt in a massive “Debt Supercycle.” There is too much public and private sector debt in the United States, Europe, Asia, and the emerging markets. Today there is more than $200 trillion of total public and private debt outstanding in the world, with over $600 trillion in derivative contracts sitting on top of that, a veritable debt bomb lurking on global balance sheets waiting to explode. The U.S. national debt is $20 trillion and rising. In 2016, we’ll pay over $400 billion in interest on that debt. And we’ll make the payments by borrowing the money. An economy has to generate enough income to pay the interest on its debt. And today, the U.S. and global economy does not. Why? That leads me to the next point.\n\nInevitability #2: The global economy is stuck with sub-par growth.\n\nThe global economy doesn’t generate enough income to pay its debt  because most of this debt wasn’t used to fund activities and assets that generate future streams of revenue. Instead, it paid for unproductive things like consumption, housing, stock buybacks, dividends, M&A and financial speculation. Economic growth since the financial crisis was based primarily on the growth of debt rather than the creation of income-generating and productive assets. The net result of more and more debt was less and less growth. Until the world learns how to grow other than through borrowing, it will be doomed to subpar growth.\n\nInevitability #3: The markets will crash – big.\n\nAfter eight years of largely uninterrupted gains in stock prices from 2009 until today, the markets are overvalued by almost every measure and running on fumes. This is a byproduct of the Debt Supercycle. In a slow-growth world, corporate executives focused on stock buybacks to increase the value of their stock options. By spreading profits over fewer shares, they were able to increase earnings per share and make each share of stock worth more – even if it meant increasing debt in the process. If a company wasn’t generating enough extra cash to buy back stock, it simply borrowed the money at record low interest rates. Since 2009, U.S. corporations bought back more than $2 trillion in stock rather than investing in R&D, new plants and equipment, and creating new jobs. And in m cases they used borrowed money to do it. When companies run out of their own stock to buy, it will be one sign that the Debt Supercycle is coming to an end with a resounding crash.\n\nInevitability #4: Central banks won’t be able to rescue us this time.\n\nCentral banks are actively debauching the value of fiat currencies with QE and money-printing. Everybody’s buying power is being demolished. Inflation is raging. Deflation is a fairy tale that central bankers tell themselves at bedtime to justify their fear of raising interest rates because of the impact the truth would have on an over-indebted world. Meanwhile, they artificially suppressed interest rates to levels that render fixed investments certificates of confiscation in nominal and real (i.e. inflation-adjusted) terms. The government is effectively stealing savers’ money. All this was an attempt to stimulate growth, but now central banks have no cards left to play. We have reached  “the terminal stage of monetary policy.” With interest rates barely above zero, and its balance sheet stuffed with debt, the Federal Reserve can’t do much more to stimulate growth or bail out markets when they collapse. The Fed already fatally mismanaged this credit cycle, and negligible 25-point rate hikes won’t change any of the underlying issues. Central bank policy has reached its limits. Other central banks (ECB, Bank of Japan) are trying to pick up the slack, but ultimately all of these programs are doomed to fail because they try to alleviate a debt trap by creating more debt.\n\nInevitability #5: There’s geopolitical trouble ahead.\n\nGeopolitical instability is extremely dangerous for investors, yet markets act like the world is an oasis of stability. In fact, the world is a burning cauldron that could explode at any moment. War is raging across the Middle East, Eastern Europe, and parts of Africa. In the U.S., the southern border is a sieve while America’s inner cities are home to intolerable levels of poverty and violence as a result of five decades of failed progressive policies that are long overdue for reassessment. And in an epic foreign policy disaster, the Obama administration entered into an agreement with Iran that gave the largest state sponsor of terrorism $150 billion in sanctions relief and the ability to gain nuclear arms capability in return for nothing.\n\nMoreover, Donald Trump’s presidency now adds a whole new layer of geopolitical instability. Trump is pro-business and pro-tax cuts but he’s also pro-chaos, and markets don’t like chaos. Many of Mr. Trump’s policy statements, regardless of their merit, are destabilizing and are better handled privately or diplomatically, not in the media. Markets crave stability and they’re not getting it from the President.\n\nMr. Trump constitutes a monumental policy shift, not just away from Obama but from all previous presidents. On foreign policy he is saying some very disruptive things as he breaks not only from Obama’s disastrous policies but also from George W. Bush’s failed policies of nation building in the Middle East. He is challenging the status quo on trade, which may prove to be enormously damaging to markets. And he may cut taxes as much as Reagan but would be doing so with the United States in a much weaker economic position than in the 1980s and little way to pay for it, resulting in much larger deficits that could freak out the bond market. We will have to wait and see.\n\nSo while the economy is as fragile as 1999 or 2007, the geopolitical landscape is as threatening as 1909 or 1939. Our business and political leaders are focused elsewhere, which is how conditions were allowed to deteriorate so badly. As one commentator said in early 2015, somewhere in the world there is an archduke waiting to be assassinated and set off a global conflagration. When that happens, markets are going to plunge. You cannot afford to ignore these risks or place your confidence in the people running our government. You need to protect yourself now.\n\nI know this is all frightening. Most investors are likely to experience a much tougher road in the years ahead. But here’s the point…\n\nThe end of “Debt Supercycle” creates an inflection point with a host of ripple effects, and the risks are compounded by serious geopolitical instability. But I believe that today’s debt-fueled crisis also represents a tremendous opportunity for you to make money.\n\nThe Cracks Are Starting to Show\nAt the beginning of August 2015, China’s stock market bubble popped, Puerto Rico finally admitted it was insolvent and had no hope of repaying its $72 billion debt, and Greece was again on the verge of default and economic collapse.\n\nMarket liquidity was deteriorating by the day. ISIS was terrorizing the Middle East, home-grown terrorists were threatening Americans at home, and the Obama administration was pressuring Democrats to support the treasonous Iran nuclear deal over the opposition of a majority of Congress and the American people.\n\nBut despite these warning signs, markets were still cruising along as though everything was hunky-dory. I was warning my clients for months that a storm was coming and they should take steps to protect themselves, and it’s a good thing that I did.\n\nBecause suddenly everything changed.\n\nDuring the week of August 17, stocks plunged 6% after China, a country even more leveraged than the United States, began to devalue its currency. That was an admission by China’s leaders that the country’s economy was in bigger trouble than people realized. That set off a chain reaction that’s still playing out.\n\nOn Monday, August 24, investors panicked and sent the Dow Jones Industrial Average down 1,100 points at the open. This move, which ended with the biggest one-day loss in history, was exacerbated by changes in market structure that increase volatility and reduce liquidity.\n\nThe Dow lost 1,300 points between Friday, August 21, and Tuesday, August 25, before recovering 1,000 of them on Wednesday and Thursday, August 26 and 27. Volatility was historic, with the Chicago Board Options Exchange Volatility Index (VIX) spiking to levels that we haven’t seen in years. After hitting 44 that day, the VIX settled down to close the week at 26.05, much higher than the average levels in the mid-teens that had prevailed over the last two years. On Tuesday, September 1, the Dow lost another 470 points, then rallied the next day.\n\nAfter four years without a 10% correction, investors were given a much-needed reality check.\n\nThe markets rallied deceptively in October and November, erasing the August losses on the strength of just four stocks (I’ll come back to those in a minute). That’s just not sustainable… as 2016’s frightening open proved. In the first six weeks of that year, the Dow plunged over 2,000 points and the S&P 500 fell almost 250 before recovering.\n\nSince then, we’ve been on a misleading upward trajectory, fueled by bullish sentiment and election hopes. Inexplicably, markets shrugged off signs of European economic stress after the Brexit vote and rejection of the Italian constitutional referendum – and finally reached all-time highs after Mr. Trump’s election.\n\nEveryone wants to know what’s next.\n\nAs usual, Wall Street’s so-called “top strategists” remain consistently bullish. Barron’s didn’t even wait for the ink to dry on the Dow’s20,000 print before declaring in a new cover story: “Next Stop Dow 30,000.” On average, top bank strategists expect the S&P 500 to end 2017 at 2,337.\n\nThere is a Wall Street adage market predictions tell you more about the person making them than about the market. In the case of Wall Streeters who are paid to be bullish, their predictions are hardly worth the paper they are written on.  But an objective look at the world around us strongly suggests that the current bullishness is misplaced and unsupported by the facts.\n\nWhere Do We Go from Here?\n2017: Rather than produce a year-end target for the market for 2017, which is like shooting darts at a sparrow, I am forecasting a range for the S&P 500 of 1800/2400 which equates to ~20% downside and ~7% upside from the closing level of 2238 on December 30, 2016. This range is somewhat wider than last year’s 52-week trading range of 1810/2277 on the upside because are starting about 200 points higher than we did a year ago. I expect more volatility this year based on much greater policy and geopolitical uncertainty though central banks will keep suppressing volatility as much as they can. You can get my full analysis of this shorter-term, irrational bull market, as well as my profit recommendations, here.\n\n2018-19:  Longer-term, I am very bearish and want to make that very clear to you. A big sell-off across the board is more likely than a continuing rally in anything at this point. The smartest people I know – with very few exceptions – are very bearish. Only the consensus and Wall Street, which is paid to be bullish, is trying to make a case for things going up. If there is a Super Crash, it will turn into a deep recession because the Fed and other central banks are out of bullets. But I think it likely we may be looking at a multiyear bear market. None of the factors pressuring markets are going away – China, Europe, commodities, and slow global growth are here to stay. I remain convinced that we will see the Super Crash in the next several years.\n\nOver the next decade: Markets are resilient. The world will not come to an end. Things will shake out; markets will reset. That will create a new set of investment opportunities across all asset classes – stocks, bonds, and commodities. The key will be knowing when the cycle turns toward recovery and where to put your money.\n\nThe Asset Classes:\nWhat’s Going Up and What’s Going Down\nMany financial advisors and Wall Street strategists will tell you to keep buying stocks and bonds long past the point where it makes sense to do so. They are already doing that. You can see them chirping on television about “buying opportunities” and “buying the dips.” They will keep telling you that the markets are safe, that the financial system is stable, and that you should just close your eyes and trust central bankers and government officials to do the right thing. These people would be selling tickets on the Titanic as it sailed through a field of icebergs.\n\nBeware. These so-called “experts” are dangerous to your financial health.\n\nThese are the same people who told you to buy Internet stocks at the height of the Internet Bubble in 2000, and housing stocks at the top of the Housing Bubble in 2006-7. And these are the same stubborn bulls who are telling you today that the Dow is headed to 30,000 and it is safe to own ridiculously overvalued social media and biotech stocks.\n\nThere’s a natural allure to “up” markets, but the intoxicating effects of a bull market are not related to an investor’s need to invest and allocate money rationally based on specific goals.\n\nWhile you can get some shorter-term, bull market profit recommendations here, I recommend you start building a serious bear market portfolio to protect yourself before the inevitable crash.\n\nNow let’s tackle the asset classes.\n\nEquities (Mostly Going Down)\nOver the past seven years, equities have risen primarily because of the Fed. In fact, the rise in stock prices has almost exactly tracked the increase in the size of the Federal Reserve’s balance sheet.\n\n\n\nAs the Fed created more money out of thin air, a lot of it ended up propping up the stock market. But the Fed stopped growing its balance sheet in October 2014, and it is no coincidence that stocks have struggled ever since.\nStill, as of Q1 2017, stock prices are still too high, particularly as seen through the valuations of several standard valuation measures, including one favored by Warren Buffett. His favorite measure of stock valuation, the ratio between the total market capitalization of the S&P 500 and Gross Domestic Product, is 1.25x, compared to an historical mean of 0.75x.\n\nAnother measure of stock valuations, the Shiller Cyclically-Adjusted P/E Ratio that measures stocks over a 10-year rolling period, is 28.4x versus a historical average of 16.6x.\n\nThese two measuring sticks show the market trading at 70% above its long-term value.\n\nThe whole Dow 20,000 frenzy is an exercise in chasing one’s tail. Like many things that capture the popular imagination, the Dow Jones Industrial Average is not what it seems. As economist extraordinaire David Rosenberg points out, if the eight companies that were replaced in the Dow since April 2004 had remained in the index, we would be reading about Dow 12,886, not Dow 20,000. Also, as a price weighted index, moves in certain stocks have an outsized impact on the Dow. For example, moves in Goldman Sachs Group (GS) have eight times the impact on the Dow as those of General Electric (GE).  Goldman stock is up 60 points since the election and along with three other stocks is responsible for the entire rally in the Dow since Election Day.  Many other overvalued and overleveraged stocks – particularly those in the retail sector, which I discuss below – are already starting to fall.\n\n\nGOING DOWN\nTwo of the most highly respected investment strategists in the business, GMO and Research Affiliates, are projecting that U.S. stocks will generate zero returns over the next decade. Both firms suggest that only non-U.S. equities are likely to generate meaningful returns over the next decade, and even those returns are only projected to be in the mid-single digits.\n\nThe increasingly strained efforts of strategists to justify current prices illustrate how long-in-the-tooth the bull market has become.  Just as early 2016 saw the S&P 500 drop sharply and then recover during the rest of the year (, the post-election rally may soon be a distant memory as the Trump administration confronts the reality of governing and the Federal Reserve inches up interest rates.  Administration efforts to sharply reduce government spending, admirable as they are, will take a bite out of the U.S. economy and corporate profits. And an economy with nearly $50 of public and private sector debt will feel the effects of rising interest rates where every 1% rise increases interest expense by nearly $500 billion.  Not all businesses will feel the effects evenly, however, which means investors will have to sharpen their pencils to separate winners from losers.  In doing so, they must ignore Wall Street analysts and the financial media and think for themselves. \n\nThere are many ridiculously overvalued stocks that will plunge in value when the market finally comes to its senses. I intend to tell you how to avoid owning those stocks and even how to profit from them before they collapse.\n\nEven before the crash begins, the cracks are already starting to show in the retail sector.\n\nRetail Is The New Energy\nLike the energy sector that collapsed in 2014-15, the retail sector is coming apart at the seams. The assault on department stores and other traditional retailers from ecommerce, price sensitive consumers and a tepid economy is destroying revenues and profits. Department store sales dropped $7.2 billion from 2001 to $12.7 billion today according to BMO’s Jack Ablin (and that’s nominal so in inflation-adjusted terms the drop is much more severe).\n\nIn addition to the continuing destruction of value at Sears Holdings Inc. (SHLD), several smaller chains such as Gander Mountain, Eastern Mountain Sports, Bob’s Stores and Wet Seal experienced poor holiday seasons that may push them into bankruptcy in the near future (Wet Seal actually filed recently). Macy’s (M) and J.C. Penney & Co. (JCP) continue to struggle and consumer products companies like GoPro, Inc. (GPRO) and Fitbit, Inc. (FIT) are in trouble. A combination of structural changes (i.e. the increasing dominance of e-commerce) and reluctant consumers is spelling doom for many products that were little more than fads (I mean, do you really need a wearables device to measure every burp?).  Investors would do well to avoid exposure to the retail sector, and to use puts to profit on the short side.\n\nNot a “Permabear”\nAt the beginning of both 2013 and 2014, I called for the S&P 500 to rise in the following 12 months, which it did. But in January 2015, after watching oil and the rest of the commodities complex collapse over the second half of 2014 in concert with China’s slowing economy and the demise of the weakest segment of the high yield bond market (CCC and B-rated bonds), I concluded that the end of the post-crisis bull market had arrived. Having correctly called the credit crisis of 2001/2 and the financial crisis of 2008/9, I saw similar warning signs suggesting that investors should protect their assets.\n\nRight now, although I acknowledge that we are in a shorter-term bull market, I see the same warning signs on the horizon – especially for investors who believe markets can defy the headwinds that buffeted them in 2015 and continue to blow hard.\n\nGOING UP\nNonetheless, there are still undervalued stocks that will benefit from important economic trends. My job in Sure Money is to find these opportunities and share them with you. For now, just recognize that there will be opportunities in equities even if we experience a crash. For instance, we can expect Trump to keep his promise to rebuild the military, which should help defense stocks like Raytheon Co. (RTN). In addition, financial stocks should benefit from less regulation and potential repeal of parts of Dodd-Frank, but higher interest rates will be a more important factor in their future profitability.\n\nHOW TO PROFIT\nFirst, get your asset allocation right.\n\nLonger-term, investors should have no more than 30% of their portfolio invested in stocks right now, provided they are prepared to treat this as a “buy and hold” investment and are disciplined enough not to trade the portfolio. Investors who panicked and sold at the market low in March 2009 destroyed their returns. As David Rosenberg of Gluskin Sheff teaches, it is time “in” the market rather than “timing” the market that generates solid equity returns. This requires patience and discipline. Over long periods of time (decades), equities should continue to generate high-single-digit total rates of return (consisting of capital gains plus dividends). This is a lower allocation than most advisors recommend, but with stocks still overvalued and projected returns over the next decade so low, a reduced allocation is appropriate today.\n\nSecond, hedge this portion of your portfolio. There are multiple inexpensive ways to do this today, based on your personal allocations and risk tolerance.\n\nBuy ProShares Short S&P 500 ETF (NYSEArca:SH).\n\nIf you have a high concentration of stocks in the Dow Jones Industrial Average in your portfolio, buy the ProShares Short Dow 30 ETF (NYSEArca:DOG).\n\nIf you have smaller-cap stocks in your portfolio, you can use the ProShares Short Russell 2000 ETF (NYSEArca:RWM).\n\nFinally, if you are long in the tech-heavy Nasdaq, you can use the ProShares Short QQQ ETF (NYSEArca:PSQ).\n\nBonds (Going Down)\nAs overvalued as stocks are today, bonds are even more overvalued. In fact, they are in an epic bubble that is going to lay waste to investors. Central banks massively distorted global bond markets by buying back trillions of dollars of government debt.\n\nSince 2008, the Federal Reserve has bought over $4 trillion of U.S. government debt. The ECB has repurchased over $1.1 trillion of European government debt, and the Bank of Japan is buying back trillions of dollars of Japanese government bonds (as well as stocks and ETFs). There are two results of these actions, neither of them good. First, interest rates were artificially lowered, and second, liquidity in government bond markets around the world dried up.\n\nToday, investors are paid only 2.41% for the privilege of lending money to the U.S. government for 10 years and only 3.0% for lending them money for 30 years. On an inflation-adjusted basis, these are negative returns. In 2016, for the first time, the average yield on German government debt dropped below zero. Governments are effectively confiscating the capital of the people lending them money.  Don’t be a fool and let them do that to you!\n\nThis farce is unsustainable. History teaches us that governments that printing trillions of dollars of money will ignite massive inflation that will cause bond prices to plunge and interest rates to spike up. Investors holding 10- and 30-year government bonds will get crushed in the years ahead. There is no reason to own these certificates of confiscation. Instead, I can show you how to profit from this massive destruction of wealth by the world’s governments.\n\nHOW TO PROFIT\nThe best way to make money in bonds is to short bonds with an instrument like the ProShares UltraShort 20+ year Treasury ETF (NYSEArca:TBT) or selling short Vanguard Total Return International Bond ETF (BNDX). Timing is critical though the likelihood of these trades moving against you is small so putting them on now as a hedge is not a bad idea.\n\nCurrencies (Only One Is Going Up)\nOne of the biggest threats to all financial investments is that the currencies in which they are denominated are being actively devalued every day by the failed monetary policies of the world’s central banks and the complete absence of meaningful pro-growth fiscal policies. The only ways to protect yourself is to first diversify some of your assets out of paper currencies into gold and other tangible assets, and second, concentrate your paper holdings in the currency that will fare the best: the U.S. dollar.\n\nGOING UP\nWhile the value of all paper currencies will continue to be destroyed by central banks, the U.S. dollar should fare much better than the other major currencies.\n\nTo understand why this trend will continue, you must understand what is causing it in the first place: an historic divergence between central bank policies in the United States and the rest of the world. While the Fed has ended quantitative easing and began raising interest rates at the end of 2015 (albeit painfully slowly), the ECB and the Bank of Japan are moving in the opposite direction, initiating huge new bond-buying programs to lower interest rates in their markets.  Both regions are dead set on cheapening their currencies against the dollar in order to stimulate economic growth and inflation, but inflation will only cheapen their currencies. As a result, the U.S. dollar should keep rising as global investors flee lower yielding currencies and flock to the higher yielding U.S. currency. The future of the euro and the yen remains bleak. The U.S. Dollar Index (DXY) is the key index to watch to monitor the strength of the dollar. The DXY broke a long-term trend line in December 2014 when it hit 95. Just as I predicted, in early November 2015, DXY closed above 98, a key resistance level. Keep an eye on the DXY – as of Q1 2017, it’s above 100 and likely to maintain this level, which will have deflationary consequences for global markets.\n\nHowever, a note of caution is warranted on the dollar: The DXY ended January at 99.55, down sharply from its post-election high of 103.82.  It lost about half its post-election gains after President Trump said the dollar was “too strong,” raising questions regarding whether the new administration will try to weaken the currency in order to aid American exports.  Clearly a strong dollar, like higher interest rates, creates a headwind for the higher growth that the administration promises.  Unlike previous presidents, Mr. Trump has no compunction about trashing his own currency, something that is going to take markets some getting used to.  While I continue to believe that investors should maintain short euro and yen positions against the US Dollar, I would proceed cautiously because Mr. Trump could tweet a monkey wrench into this trade at any time.  Talking down the dollar is extremely short-sighted on Mr. Trump’s part and hopefully he will come to realize that he should let global economic forces work themselves out. Those forces not only dictate a stronger dollar but in the long run are much stronger than anything a U.S. president can say.\n\nGOING DOWN\nThe euro and the Japanese yen and Chinese yuan will suffer.  Remember that a weaker yen sets off a currency war in Asia that forces China, North Korea, Vietnam and other export-driven nations to react by weakening their currencies.  We live in an age of currency wars, but unfortunately the main casualty of all of these wars remain non-dollar currencies.  And the main victor, as noted below, is gold.\n\nHOW TO PROFIT\nOne way to invest in a stronger dollar is through the ProShares DB US Dollar Bullish ETF (NYSEArca:UUP). This ETF has its largest exposure to a weaker euro, followed by the yen and the British pound.\n\nYou can also target the euro by investing in ProShares Short Euro ETF (NYSEArca:EUFX).\n\nI am reluctant to recommend leveraged ETFs (because they reset every night and have to be actively managed) and there are no ETFs that provide unleveraged short exposure to the yen, but you can sell short the Guggenheim Currency Shares Japanese Yen Trust ETF (NYSEArca:FXY) to gain short exposure to the yen.\n\nGold (Going Up)\nThe first thing to understand about gold is that it is a currency, not a commodity, in today’s world. But unlike all other currencies (with the exception of digital currencies such as bitcoin), it is the anti-fiat currency. While the dollar is likely to continue rising against the euro, the yen, the yuan and other currencies, the question remains what will happen to the value of the dollar itself in a world where the Federal Reserve makes no secret of its desire to destroy the value of the dollar by increasing inflation as its official policy. And the answer to that question is that it should decline against the value of gold and other tangible assets. The explosion in financial asset prices since the financial crisis is one manifestation of the destruction of the value of all fiat currencies including the dollar. Do you really think assets such as mega-houses or artistic masterpieces are suddenly worth tens or hundreds of millions of dollars? Of course not!  Their rising prices are a reflection of the fact that the currencies in which they are bought and sold are worth less with every passing day!  It is no accident that the wealthiest people in the world are shifting their money out of paper currencies into high-end real estate, collectibles, art, and similar tangible assets as a hedge against falling paper currencies. Eventually gold and other precious metals will follow this trend and appreciate sharply. \n\nHOW TO PROFIT\nIn early 2017, gold is starting to recover from a bad year in 2016. In fact, the spot price of gold is up $100/oz. since year end on concerns that the Trump administration will blow out the budget trying to revive American growth. Long-term investors who are interested in protecting their wealth should use gold current low price as an opportunity to buy more of the anti-fiat currency.\n\nI strongly believe that gold will eventually trade at several thousand dollars an ounce as the fiat currency standard is destroyed by central bankers and governments left with no other way of repaying the hundreds of trillions of dollars/euros/yen they borrowed other than by destroying the value of these debts.\n\nCentral banks have only begun to destroy  the value of  the dollar and other paper currencies.  In the current global environment, where there is more than $200 trillion of global debt and $50-60 trillion of that resides in the United States alone (excluding unfunded future promises of hundreds of trillions of dollars), debasement of the US dollar is a certainty.  Investors should continue to accumulate gold and save themselves.\n\nThe preferred way is to own physical gold through the purchase of coins and gold bars. Keep it in a safe place at home.\n\nBeyond that, I recommend the Central Fund of Canada (NYSEMkt:CEF) and the Sprott Physical Gold Trust ETF (NYSEArca:PHYS). Both ETFs own both gold and silver and from time-to-time give you an opportunity to buy these precious metals at a discount to their spot price. The SPDR Gold Trust ETF (NYSEArca:GLD) is a third way to own gold but tends to attract more speculative fund flows than the other two.\n\nIn addition, I am recommending long plays on two gold mining ETFs: Global X Gold Explorers ETF (NYSEArca:GLDX) and Market Vectors Junior Gold Miners ETF (NYSEArca:GDXJ).\n\nI am recommending the ETFs rather than individual stocks to mitigate the individual operating issues associated with individual companies. These are long-term picks that could easily take more than one year to work out because gold is a multiuser play. But gold miners still trade at extremely low valuations and are highly leveraged to higher gold prices.  The price of gold has yet to reflect the debauchment of paper currencies, but wise investors understand that years from now gold will be worth thousands of dollars an ounce as the value of fiat currencies are destroyed by the world’s central banks.\n\nWe’ll be following all these ups, downs, and profit opportunities in the months ahead.\n\nSincerely.\n\nMichael Lewitt\nEditor, Sure Money",
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2017/06/21 15:09:15
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2017/06/21 15:09:15
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body![](https://steemitimages.com/DQmcAhU6PE83BHLwrQds9mjDjuTmgg53P26G4TG9rTtBuHU/image.png) By Michael Snyder, on June 20th, 2017 Do you have an emergency fund? If you even have one penny in emergency savings, you are already ahead of about one-fourth of the country. I write about this stuff all the time, but it always astounds me how many Americans are literally living on the edge financially. Back in 2008 when the economy tanked and millions of people lost their jobs, large numbers of Americans suddenly couldn’t pay their bills because they were living paycheck to paycheck. Now the stage is set for it to happen again. Another major recession is going to happen at some point, and when it does millions of people are going to get blindsided by it. Despite all of our emphasis on education, we never seem to teach our young people how to handle money. But this is one of the most basic skills that everyone needs. Personally, I went through high school, college and law school without ever being taught about the dangers of going into debt or the importance of saving money. If you are ever going to build any wealth, you have got to spend less than you earn. That is just basic common sense. Unfortunately, nearly one out of every four Americans does not have even a single penny in emergency savings… Bankrate’s newly released June Financial Security Index survey indicates that 24 percent of Americans have not saved any money at all for their emergency funds. This is despite experts recommending that people strive for a savings cushion equivalent to the amount needed to cover three to six months’ worth of expenses. For years, I have been telling my readers that at a minimum they need to have an emergency fund that can cover at least six months of expenses. It is great to have more than that, but everyone should strive to have at least a six month cushion. Unfortunately, that same Bankrate survey found that only 31 percent of Americans actually have such a cushion… The June survey also found that 31 percent of Americans have what Bankrate considers an ‘adequate’ savings cushion — six or more months’ worth of money to pay expenses — which means that nearly two-thirds of the country isn’t saving enough money. That means that a whopping 69 percent of all Americans do not have an adequate emergency fund. So what is going to happen if another great crisis arrives and millions of people suddenly lose their jobs? Just like last time, mortgage defaults will start soaring and countless numbers of families will lose their homes. If you do not have anything to fall back on, you can lose your spot in the middle class really fast. And in the case of a truly catastrophic national crisis, trying to operate without any money at all is going to be exceedingly challenging. Just recently, the Federal Reserve conducted a survey that discovered that 44 percent of all Americans do not even have enough money “to cover an unexpected $400 expense”. That is almost half the country. And a different survey by CareerBuilder found that 75 percent of all Americans have lived paycheck to paycheck “at least some of the time”. Unfortunately, in a desperate attempt to make ends meet many of us continue to pile up more and more debt. According to Moneyish, Americans have now accumulated more than a trillion dollars of credit card debt, more than a trillion dollars of student loan debt, and more than a trillion dollars of auto loan debt. We’ve racked up $1 trillion in credit card debt — and that’s just a fraction of what we owe. That’s according to data released this year from the Federal Reserve, which found that U.S. consumers owe $1.0004 trillion on their cards, up 6.2% from a year ago; this is the highest amount owed since January 2009. What’s more, this isn’t the only consumer debt to top $1 trillion. We now also owe more than $1 trillion for our cars, and for our student loans, the data showed. Overall, U.S. consumers are now more than 12 trillion dollars in debt. We often criticize the federal government for being nearly 20 trillion dollars in debt. And that criticism is definitely valid. What we are doing to future generations of Americans is beyond criminal. But are we not doing something similar to ourselves? When you divide the total amount of consumer debt by the size of the U.S. population, it breaks down to roughly $40,000 for every man, woman and child in our country. When someone lends you money, you have to pay back more than you originally borrow. And in the case of high interest debt, you can end up paying back several times what you originally borrowed. If you carry a balance from month to month on a high interest credit card, it is absolutely crippling you financially. But many Americans don’t understand this. Instead, they just keep sending off the “minimum payment” every month because that is the easiest thing to do. If you ever want to achieve financial freedom, you have got to get rid of your toxic debts. There are some forms of low interest debt, such as mortgage debt, that are not going to financially cripple you. But anything with a high rate of interest you will want to pay off as soon as possible. And everyone needs a financial cushion. Unless you can guarantee that your life is always going to go super smoothly and you are never going to have any problems, you need an emergency fund to fall back on. Yes, you may need to make some sacrifices in order to make that happen. Nobody ever said that it would be easy. But just about everyone has somewhere that a little “belt tightening” can be done, and in the long-term it will be worth it. When you don’t have to constantly worry about how you are going to pay the bills next month, it will help you sleep a lot easier at night. Many of us have put a lot of unnecessary stress on ourselves by spending money that we didn’t have for things that we really didn’t need. And now is the time to get your financial house in order, because it appears that another major economic downturn is not too far away.
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      "body": "![](https://steemitimages.com/DQmcAhU6PE83BHLwrQds9mjDjuTmgg53P26G4TG9rTtBuHU/image.png)\nBy Michael Snyder, on June 20th, 2017\n\nDo you have an emergency fund?  If you even have one penny in emergency savings, you are already ahead of about one-fourth of the country.  I write about this stuff all the time, but it always astounds me how many Americans are literally living on the edge financially.  Back in 2008 when the economy tanked and millions of people lost their jobs, large numbers of Americans suddenly couldn’t pay their bills because they were living paycheck to paycheck.  Now the stage is set for it to happen again.  Another major recession is going to happen at some point, and when it does millions of people are going to get blindsided by it.\n\nDespite all of our emphasis on education, we never seem to teach our young people how to handle money.  But this is one of the most basic skills that everyone needs.  Personally, I went through high school, college and law school without ever being taught about the dangers of going into debt or the importance of saving money.\n\nIf you are ever going to build any wealth, you have got to spend less than you earn.  That is just basic common sense.  Unfortunately, nearly one out of every four Americans does not have even a single penny in emergency savings…\n\nBankrate’s newly released June Financial Security Index survey indicates that 24 percent of Americans have not saved any money at all for their emergency funds.\n\nThis is despite experts recommending that people strive for a savings cushion equivalent to the amount needed to cover three to six months’ worth of expenses.\n\nFor years, I have been telling my readers that at a minimum they need to have an emergency fund that can cover at least six months of expenses.  It is great to have more than that, but everyone should strive to have at least a six month cushion.\n\nUnfortunately, that same Bankrate survey found that only 31 percent of Americans actually have such a cushion…\n\nThe June survey also found that 31 percent of Americans have what Bankrate considers an ‘adequate’ savings cushion — six or more months’ worth of money to pay expenses — which means that nearly two-thirds of the country isn’t saving enough money.\n\nThat means that a whopping 69 percent of all Americans do not have an adequate emergency fund.\n\nSo what is going to happen if another great crisis arrives and millions of people suddenly lose their jobs?\n\nJust like last time, mortgage defaults will start soaring and countless numbers of families will lose their homes.\n\nIf you do not have anything to fall back on, you can lose your spot in the middle class really fast.  And in the case of a truly catastrophic national crisis, trying to operate without any money at all is going to be exceedingly challenging.\n\nJust recently, the Federal Reserve conducted a survey that discovered that 44 percent of all Americans do not even have enough money “to cover an unexpected $400 expense”.\n\nThat is almost half the country.\n\nAnd a different survey by CareerBuilder found that 75 percent of all Americans have lived paycheck to paycheck “at least some of the time”.\n\nUnfortunately, in a desperate attempt to make ends meet many of us continue to pile up more and more debt.  According to Moneyish, Americans have now accumulated more than a trillion dollars of credit card debt, more than a trillion dollars of student loan debt, and more than a trillion dollars of auto loan debt.\n\nWe’ve racked up $1 trillion in credit card debt — and that’s just a fraction of what we owe. That’s according to data released this year from the Federal Reserve, which found that U.S. consumers owe $1.0004 trillion on their cards, up 6.2% from a year ago; this is the highest amount owed since January 2009. What’s more, this isn’t the only consumer debt to top $1 trillion. We now also owe more than $1 trillion for our cars, and for our student loans, the data showed.\n\nOverall, U.S. consumers are now more than 12 trillion dollars in debt.\n\nWe often criticize the federal government for being nearly 20 trillion dollars in debt.  And that criticism is definitely valid.  What we are doing to future generations of Americans is beyond criminal.\n\nBut are we not doing something similar to ourselves?\n\nWhen you divide the total amount of consumer debt by the size of the U.S. population, it breaks down to roughly $40,000 for every man, woman and child in our country.\n\nWhen someone lends you money, you have to pay back more than you originally borrow.  And in the case of high interest debt, you can end up paying back several times what you originally borrowed.\n\nIf you carry a balance from month to month on a high interest credit card, it is absolutely crippling you financially.  But many Americans don’t understand this.  Instead, they just keep sending off the “minimum payment” every month because that is the easiest thing to do.\n\nIf you ever want to achieve financial freedom, you have got to get rid of your toxic debts.  There are some forms of low interest debt, such as mortgage debt, that are not going to financially cripple you.  But anything with a high rate of interest you will want to pay off as soon as possible.\n\nAnd everyone needs a financial cushion.  Unless you can guarantee that your life is always going to go super smoothly and you are never going to have any problems, you need an emergency fund to fall back on.\n\nYes, you may need to make some sacrifices in order to make that happen.  Nobody ever said that it would be easy.  But just about everyone has somewhere that a little “belt tightening” can be done, and in the long-term it will be worth it.\n\nWhen you don’t have to constantly worry about how you are going to pay the bills next month, it will help you sleep a lot easier at night.  Many of us have put a lot of unnecessary stress on ourselves by spending money that we didn’t have for things that we really didn’t need.\n\nAnd now is the time to get your financial house in order, because it appears that another major economic downturn is not too far away.",
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2017/06/20 21:05:42
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bodyIf you ran for congress you would have my vote. Great post. Following too now
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2017/06/20 19:30:36
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2017/06/20 19:30:09
required auths[]
required posting auths["cathy77"]
idfollow
json["follow",{"follower":"cathy77","following":"brianadams","what":["blog"]}]
Transaction InfoBlock #12994257/Trx f201cf4355392ad3ca8d6368234bab3f1245cb80
View Raw JSON Data
{
  "trx_id": "f201cf4355392ad3ca8d6368234bab3f1245cb80",
  "block": 12994257,
  "trx_in_block": 15,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-06-20T19:30:09",
  "op": [
    "custom_json",
    {
      "required_auths": [],
      "required_posting_auths": [
        "cathy77"
      ],
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"cathy77\",\"following\":\"brianadams\",\"what\":[\"blog\"]}]"
    }
  ]
}
2017/06/20 19:30:06
required auths[]
required posting auths["cathy77"]
idfollow
json["follow",{"follower":"cathy77","following":"blubulit","what":["blog"]}]
Transaction InfoBlock #12994256/Trx 772c538a2a489f0bb61acee43892a744738a72ed
View Raw JSON Data
{
  "trx_id": "772c538a2a489f0bb61acee43892a744738a72ed",
  "block": 12994256,
  "trx_in_block": 42,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-06-20T19:30:06",
  "op": [
    "custom_json",
    {
      "required_auths": [],
      "required_posting_auths": [
        "cathy77"
      ],
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"cathy77\",\"following\":\"blubulit\",\"what\":[\"blog\"]}]"
    }
  ]
}
2017/06/20 19:30:06
required auths[]
required posting auths["cathy77"]
idfollow
json["follow",{"follower":"cathy77","following":"bitcoinandcoffee","what":["blog"]}]
Transaction InfoBlock #12994256/Trx f0274f9b03fa227cf7f45a8ab22599e5e49612a3
View Raw JSON Data
{
  "trx_id": "f0274f9b03fa227cf7f45a8ab22599e5e49612a3",
  "block": 12994256,
  "trx_in_block": 34,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-06-20T19:30:06",
  "op": [
    "custom_json",
    {
      "required_auths": [],
      "required_posting_auths": [
        "cathy77"
      ],
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"cathy77\",\"following\":\"bitcoinandcoffee\",\"what\":[\"blog\"]}]"
    }
  ]
}
2017/06/20 19:30:03
required auths[]
required posting auths["cathy77"]
idfollow
json["follow",{"follower":"cathy77","following":"awesome-stuff","what":["blog"]}]
Transaction InfoBlock #12994255/Trx 91f4718bdab4e28a158d7ab52295fdd2bf64ff05
View Raw JSON Data
{
  "trx_id": "91f4718bdab4e28a158d7ab52295fdd2bf64ff05",
  "block": 12994255,
  "trx_in_block": 3,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-06-20T19:30:03",
  "op": [
    "custom_json",
    {
      "required_auths": [],
      "required_posting_auths": [
        "cathy77"
      ],
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"cathy77\",\"following\":\"awesome-stuff\",\"what\":[\"blog\"]}]"
    }
  ]
}
2017/06/20 19:29:57
required auths[]
required posting auths["cathy77"]
idfollow
json["follow",{"follower":"cathy77","following":"always1success","what":["blog"]}]
Transaction InfoBlock #12994253/Trx e54e740b984ae3566ad944d553e9df9a7058b5d2
View Raw JSON Data
{
  "trx_id": "e54e740b984ae3566ad944d553e9df9a7058b5d2",
  "block": 12994253,
  "trx_in_block": 22,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-06-20T19:29:57",
  "op": [
    "custom_json",
    {
      "required_auths": [],
      "required_posting_auths": [
        "cathy77"
      ],
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"cathy77\",\"following\":\"always1success\",\"what\":[\"blog\"]}]"
    }
  ]
}
2017/06/20 19:29:57
required auths[]
required posting auths["cathy77"]
idfollow
json["follow",{"follower":"cathy77","following":"alphacore","what":["blog"]}]
Transaction InfoBlock #12994253/Trx d444a5ed7a7e75fbd2d891f83a5a339d2512edd2
View Raw JSON Data
{
  "trx_id": "d444a5ed7a7e75fbd2d891f83a5a339d2512edd2",
  "block": 12994253,
  "trx_in_block": 12,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-06-20T19:29:57",
  "op": [
    "custom_json",
    {
      "required_auths": [],
      "required_posting_auths": [
        "cathy77"
      ],
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"cathy77\",\"following\":\"alphacore\",\"what\":[\"blog\"]}]"
    }
  ]
}
2017/06/20 19:29:57
required auths[]
required posting auths["cathy77"]
idfollow
json["follow",{"follower":"cathy77","following":"alexplukchi","what":["blog"]}]
Transaction InfoBlock #12994253/Trx b30b997b693dd66aca61a2873f192daf2932d72b
View Raw JSON Data
{
  "trx_id": "b30b997b693dd66aca61a2873f192daf2932d72b",
  "block": 12994253,
  "trx_in_block": 6,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-06-20T19:29:57",
  "op": [
    "custom_json",
    {
      "required_auths": [],
      "required_posting_auths": [
        "cathy77"
      ],
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"cathy77\",\"following\":\"alexplukchi\",\"what\":[\"blog\"]}]"
    }
  ]
}
2017/06/20 19:29:57
required auths[]
required posting auths["cathy77"]
idfollow
json["follow",{"follower":"cathy77","following":"aadyashakti","what":["blog"]}]
Transaction InfoBlock #12994253/Trx 17ef4861fc637c47c1ce6d9dde342fc36102d41b
View Raw JSON Data
{
  "trx_id": "17ef4861fc637c47c1ce6d9dde342fc36102d41b",
  "block": 12994253,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-06-20T19:29:57",
  "op": [
    "custom_json",
    {
      "required_auths": [],
      "required_posting_auths": [
        "cathy77"
      ],
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"cathy77\",\"following\":\"aadyashakti\",\"what\":[\"blog\"]}]"
    }
  ]
}
2017/06/20 19:29:48
required auths[]
required posting auths["cathy77"]
idfollow
json["follow",{"follower":"cathy77","following":"dimidrolshina","what":["blog"]}]
Transaction InfoBlock #12994250/Trx 7ec442ad4022c3f616631760303776b7d4577477
View Raw JSON Data
{
  "trx_id": "7ec442ad4022c3f616631760303776b7d4577477",
  "block": 12994250,
  "trx_in_block": 9,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-06-20T19:29:48",
  "op": [
    "custom_json",
    {
      "required_auths": [],
      "required_posting_auths": [
        "cathy77"
      ],
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"cathy77\",\"following\":\"dimidrolshina\",\"what\":[\"blog\"]}]"
    }
  ]
}
2017/06/20 19:29:45
required auths[]
required posting auths["cathy77"]
idfollow
json["follow",{"follower":"cathy77","following":"erikmagner","what":["blog"]}]
Transaction InfoBlock #12994249/Trx b6ec993b8c41542db3498bd5b950f81fe3cf8758
View Raw JSON Data
{
  "trx_id": "b6ec993b8c41542db3498bd5b950f81fe3cf8758",
  "block": 12994249,
  "trx_in_block": 32,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-06-20T19:29:45",
  "op": [
    "custom_json",
    {
      "required_auths": [],
      "required_posting_auths": [
        "cathy77"
      ],
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"cathy77\",\"following\":\"erikmagner\",\"what\":[\"blog\"]}]"
    }
  ]
}
2017/06/20 19:29:45
required auths[]
required posting auths["cathy77"]
idfollow
json["follow",{"follower":"cathy77","following":"fitexercise","what":["blog"]}]
Transaction InfoBlock #12994249/Trx a68a4ba3903097fae14872ecca432d8efedbbd5f
View Raw JSON Data
{
  "trx_id": "a68a4ba3903097fae14872ecca432d8efedbbd5f",
  "block": 12994249,
  "trx_in_block": 23,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-06-20T19:29:45",
  "op": [
    "custom_json",
    {
      "required_auths": [],
      "required_posting_auths": [
        "cathy77"
      ],
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"cathy77\",\"following\":\"fitexercise\",\"what\":[\"blog\"]}]"
    }
  ]
}

Account Metadata

POSTING JSON METADATA
profile{"profile_image":"https://i.imgsafe.org/1e4e2470c9.jpg","name":"Cathy77"}
JSON METADATA
profile{"profile_image":"https://i.imgsafe.org/1e4e2470c9.jpg","name":"Cathy77"}
{
  "posting_json_metadata": {
    "profile": {
      "profile_image": "https://i.imgsafe.org/1e4e2470c9.jpg",
      "name": "Cathy77"
    }
  },
  "json_metadata": {
    "profile": {
      "profile_image": "https://i.imgsafe.org/1e4e2470c9.jpg",
      "name": "Cathy77"
    }
  }
}

Auth Keys

Owner
Single Signature
Public Keys
STM8kbEZsLzkYCyrDWZ2otuusdTNGrkPTMhsC3xLhYT4vjX5d7PzD1/1
Active
Single Signature
Public Keys
STM7kJvqy1iTPqXDzFULVm5hmq5cgsGN2KniiAGipVknuD6rfhU2W1/1
Posting
Single Signature
Public Keys
STM5Z3uL7N13ksAH9yYNEUDmDdngjAZ4gSjBkrQgRwThpDEeV453a1/1
Memo
STM8Tw4Azq1DLzBbPFmcq2yTHCfNHqi3diJ2HvwisiY7WVe4Fncsh
{
  "owner": {
    "weight_threshold": 1,
    "account_auths": [],
    "key_auths": [
      [
        "STM8kbEZsLzkYCyrDWZ2otuusdTNGrkPTMhsC3xLhYT4vjX5d7PzD",
        1
      ]
    ]
  },
  "active": {
    "weight_threshold": 1,
    "account_auths": [],
    "key_auths": [
      [
        "STM7kJvqy1iTPqXDzFULVm5hmq5cgsGN2KniiAGipVknuD6rfhU2W",
        1
      ]
    ]
  },
  "posting": {
    "weight_threshold": 1,
    "account_auths": [],
    "key_auths": [
      [
        "STM5Z3uL7N13ksAH9yYNEUDmDdngjAZ4gSjBkrQgRwThpDEeV453a",
        1
      ]
    ]
  },
  "memo": "STM8Tw4Azq1DLzBbPFmcq2yTHCfNHqi3diJ2HvwisiY7WVe4Fncsh"
}

Witness Votes

0 / 30
No active witness votes.
[]