Bitcoin Futures Begin Trading – Let The Madness Commence!

One of the things that I love about Bitcoin is that the fun never seems to end.  On Sunday, Bitcoin futures began trading on the Chicago Board Options Exchange for the first time ever, and within minutes the CBOE’s website crashed.  What a perfect metaphor.  Bitcoin and other cryptocurrencies are completely and utterly disrupting the global financial system, and the financial establishment is still groping for a cohesive response to this growing phenomenon. (Read More...)

Bitcoin Bubble: Is Bitcoin Going To $1 Million Or Is it Going To Zero?

The price of Bitcoin continues to rise at an exponential rate, and the financial world is in a complete state of shock.  Just yesterday, I marveled that the price of Bitcoin had surged past the $13,000 mark for the first time ever, but then on Thursday it actually was selling for more than $19,000 at one point.  As I write this, Bitcoin is sitting at $16,877.42, but a few hours from now it could be a couple of thousand dollars higher or lower than that.  Those that got in early on “the Bitcoin revolution” have made extraordinary amounts of money, and many believe that this is just the beginning. (Read More...)

A Potential Government Shutdown Is Literally Just Hours Away, But Congressional Leaders Insist That Everything Will Be Just Fine

Either the Republicans are going to give Democrats virtually everything that they want, or the federal government will shut down at the end of the day on Friday.  We have been through this process time after time, and in every single instance the Republicans have always folded like a 20 dollar suit.  Unfortunately, it looks like the Democrats are going to win big this time around too.  The spending agreement is essentially an updated Obama budget that fully funds Planned Parenthood, that contains no money for a border wall, and that doesn’t reflect any of President Trump’s other important priorities either.  On Thursday, the House is expected to pass this horrible bill, and the Senate is expected to take up the matter on Friday.  According to Bloomberg, right now this plan would keep the government open through December 22nd… (Read More...)

In January 2017 Bitcoin Was Selling For $1,000, And Now It Is Selling For $13,000

I have never seen anything quite like this in my entire life.  As 2017 began, Bitcoin was selling for about $1,000, and many were optimistic about what the new year would bring.  But nobody could have imagined this.  When Bitcoin hit $5,000 in October, it made headlines all over the world, but it has continued to rise at an exponential rate since then.  My friend Joseph told me that Bitcoin would hit $10,000 “by December”, and it actually happened.  This week, the euphoria has hit an entirely new level, and as I write this article the price of Bitcoin is sitting at an eye-popping $13,899.50. (Read More...)

Donald Trump’s Recognition Of Jerusalem As The Capital Of Israel Will Shake The Middle East To The Core

This is one of the most historic things to happen in the Middle East in decades.  Just a few days ago I reported that Donald Trump would recognize Jerusalem as the capital of Israel “in December”, and now we are being told that Trump will make this announcement at 1 PM eastern time on Wednesday.  Administration officials are stressing that this move is a “recognition of reality”, because of course the seat of the Israeli government has been in the holy city for a very long time.  But without a doubt this announcement will shake the Middle East to the core, because Israel’s neighbors are extremely displeased that Trump is doing this. (Read More...)

Imports From China Hit Record High As U.S. Trade Deficit Continues To Explode

It should upset you that virtually everything stocking the shelves of our major retailers seems to have been made somewhere else.  As a nation, we are consuming far more wealth than we are producing, and that is a recipe for national economic suicide.  This week we learned that imports from China hit an all-time record high in October, and that was one of the primary reasons why our trade deficit hit a staggering 48.7 billion dollars during that month.  Year after year we buy far more stuff from the rest of the world than they buy from us, and this is systematically impoverishing us. (Read More...)

Why Is An Appendectomy In The United States 10 Times More Expensive Than An Appendectomy In Mexico?

This is what can happen when you go to a socialized healthcare system.  A lot of people out there believe that the United States has a free market healthcare system, but that is actually not true.  The percentage of the population that receives government-subsidized healthcare is rapidly approaching 50 percent, and the healthcare industry may be the most heavily regulated sector of the entire U.S. economy.  Every year the rules, red tape and regulations seem to get even worse, and every year health insurance premiums rise much faster than the overall rate of inflation.  If we don’t start applying free market principles and start getting healthcare costs under control, our entire healthcare system could very easily implode. (Read More...)

It Is Being Reported That Donald Trump May Recognize Jerusalem As The Capital Of Israel In December

Is President Trump about to recognize Jerusalem as the capital of Israel?   If so, this would be one of the most historic events to happen in the Middle East in a very long time.  Needless to say, the government of Israel would be absolutely thrilled by such a move, while the Palestinians and Israel’s neighbors would not be pleased at all.  In fact, some Palestinians have suggested that if the Trump administration actually moves the U.S. embassy to Jerusalem that it could spark widespread violence or even war. (Read More...)

+ More