When Will Altcoins Catch Up to Bitcoin?

By Teeka Tiwari, Editor, Palm Beach Confidential I’ve gotten a lot of mail recently from people wondering, “When will altcoins catch up to Bitcoin?” Before I answer that question, I need to talk about Bitcoin… We’ve seen Bitcoin go as high as $14,000 this year before dropping to $9,180. Despite the pullback, it’s still up 160% year-to-date—making it among the best-performing assets in the world. Now, I’ve been saying since April 2019 that the “Crypto Winter” bear market is over. Institutions are coming into the crypto space—and … [Read More...]

Emerging Market Citizens Turning to Crypto

By Teeka Tiwari, Editor, Palm Beach Confidential Emerging market currencies are getting hammered… China’s yuan recently fell to fresh 11-year lows amid trade war worries with the U.S. In August, the Argentine peso crashed 30.3%—in one day. And last year, the Turkish lira lost 30% against the U.S. dollar. (And it continued to fall—plunging over 4% back in March.) In the currency markets, a 5% annual move is huge. And all these moves are more than three times greater than that. Keep in mind, if your home currency drops 40% … [Read More...]

What Is ICE Up To?

The priorities of ICE are clear, their strategy is aggressive, and their tactics pose a threat to every American with this new "urban warfare training facility". September 16, 2019 By: Bobby Casey, Managing Director GWP Here are some things we are told to be scared of, for which we should therefore support all-out prohibition -- at any cost: Drugs and "illicit" substance possessionImmigrationGun ownership"Terrorism" The policies to ban these activities are so Machiavellian, the government preemptively violates the rights of … [Read More...]

Russia to Launch First Yuan-Dominated Bond

The China-Russia partnership just got kicked into high gear with Russia set to launch the first yuan-dominated bond in the next few months. September 9, 2019 By: Bobby Casey, Managing Director GWP China has been busy printing money and buying gold, engaging in a precarious game of cat and mouse with the US. Before Trump threw his hat in the ring for presidency, China was buying up gold. The last five years, have been particularly active for the People's Bank of China: "In the last five years, China’s M2 money supply – a … [Read More...]

How You Lose Money if You Keep it in a Bank…

Banks can slowly rob account holders through a cashless agenda and negative interest rates. You stand at a fork in the road: In one direction, your money stays safe. In the other direction, your money could get slowly taken from you by banks and any Government. McAlvany ICA shines a light on the big way “they” could make cash irrelevant: The Fed and the banks would like to make holding cash and gold as difficult and inconvenient as possible. The goal is to have those funds deposited in the banking system where they will be … [Read More...]

ICE & FBI Using State DMV Face Recognition Databases

ICE is accessing local surveillance tools and data in their effort to track down undocumented immigrants. The problem is, it puts American's privacy rights on the chopping block. September 2, 2019 By: Bobby Casey, Managing Director GWP Rights come from our humanity. Human beings have a unique ability to recognize moral agency in others, and to that end, we define our social limits. We are free to do as we wish provided it does not infringe of the rights of others. That is the only qualification. Individuals owe no … [Read More...]

Is the US Headed Toward Greatness?

Economic tinkering, more of the same with the surveillance state, and a precarious trade war isn't what one would expect on the path to greatness. August 26, 2019 By: Bobby Casey, Managing Director GWP When the MAGA slogan first came out, it was criticized for the same reasons as Michelle Obama's statement, "for the first time in my life, I'm really proud of my country". This is saying that up to that point, she had never been proud of her country. Semantically, MAGA suggests that America was once great, it no longer is, and … [Read More...]

Where Is the Price Transparency in Healthcare?

Healthcare costs are high, but we don't know that until we see the bill. Accountability and transparency would go further than socialization in fixing the cost problem in healthcare. August 19, 2019 By: Bobby Casey, Mangeing Director GWP Part of what makes the free market the best solution to meeting the needs of others is the freedom to succeed or fail. Success and failure don't have to be all or nothing. It could just be a tick in either direction in the bottom line. Sales are down. That's a small fail. Sales are up. … [Read More...]

U.S. Clamping Down on Passports (Here’s How)

The US is denying and revoking passports in much greater numbers. The time to get a second passport is now. August 15, 2019 Imagine how life may be in the U.S. if you couldn’t travel outside of its borders. In any free society, you should be able to travel, well… freely. But if the Government took away your passport, or denied your passport application, you would be trapped. So imagine if the Government made it almost impossible to get a passport in the first place. What would you think if you were told, “Your passport has … [Read More...]

Unintended Consequences of Trade War with China

The trade war is escalating to what might become a currency war. Other unintended consequences have followed, making global markets nervous. August 12, 2019 By: Bobby Casey, Managing Director GWP In this battle of will between the US and China, inevitably, the victims will be the private consumers. At the G20 Summit in Japan, it there was hope that some sort of resolution was possible between the US and China and their trade war. Trump agreed to suspend tariffs while they were in talks. Then Trump took to Twitter and … [Read More...]

US Military Testing Surveillance Balloons in Latest Surveillance State Expansion

The US military commissioned a test run of surveillance balloons. This latest intrusion into the privacy of individuals is like metadata collection. August 5, 2019 By: Bobby Casey, Managing Director GWP I forget about the contingent of people who genuinely believe that government's job is to make them feel safe. It's not. Providing for the common defense is NOT the same as making people feel safe. In fact, defense doesn't even guarantee safety. It's only the effort to get to safety. Safety is a feeling. How that … [Read More...]

Lehman-Style “Lock-Up” May Freeze Deutsche Assets…

Poor management decisions at the bank level can lead to some scary decisions like frozen accounts. The spin Deutsche put on it makes it even scarier. August 2, 2019 James Simons heads up one of the world’s top-performing hedge funds (Ren-Tech). This fund got to that esteemed position by making predictions so accurate it seemed a crystal ball was involved. For example, they recently yanked funds from banking giant Deutsche Bank far in advance of a dire announcement: … the quant fund pulled its cash from Deutsche Bank as a … [Read More...]

Healthcare & Housing Affordability are Election Hot-Button Issues

With elections coming in the US, affordability of healthcare and housing are the hot-button topics dominating policy discussions. July 29, 2019 By: Bobby Casey, Managing Director GWP With the elections coming up, there is a lot of talk about what people can "afford" and how that connects with "living wages". It's obnoxious because the political solution to political problems seems to be that businesses need to pay for it or fix it. If people can't afford something, it's the business's fault for not making it more … [Read More...]

5 U.S. Agencies Team Up to END Bank Security

The US government is looking for ways to compromise the security of your information so they can gain access to your bank accounts. July 23, 2019 Imagine opening your email one morning and finding this message from your bank: Security Alert: Your Account Has Been Compromised As you processed the meaning of the email, there would be a pit in your stomach as you worried about how much data… or actual money… had been stolen. Bank accounts are compromised regularly. But if the U.S. government gets their way, your bank account … [Read More...]

The SECURE Act: Good or Bad for IRAs?

The SECURE Act has a provision in it which puts a wrench in the estate planning strategy of Stretch IRAs, and it looks like a money-grab on the 1%. July 22, 2019 By: Bobby Casey, Managing Director GWP By the end of first quarter in 2017, US total retirement holdings was just over $26 Trillion. It turns out that the American people are better at frugality than their government. $8.2 trillion of that is in IRAs. A country with over $22.5 trillion in debt, might be tempted to tap those accounts. The headlines say that the … [Read More...]