Fasten your seatbelts, bitcoin futures are about to take off.
Eventually, that’s going to impact gold… But not in the way you think.
While there’s currently no meaningful correlation between the price of bitcoin and gold prices, the advent of futures trading in bitcoin could change that, dramatically.
That’s not because traders or investors will start looking at bitcoin as an alternative to gold. It’s because eventually gold will be a hedge against bitcoin collapsing, precisely because it isn’t an alternative to gold.
And that sets us up for an opportunity that bitcoin traders can’t even see coming.
Here’s a real shocker… The House and Senate proposed their versions of tax reform as a “middle-class miracle.” This is what the same proposal that’s nothing more than tax cuts for corporations whose massive savings are supposed to trickle down to benefit the middle class and all Americans.
That would be a real miracle. But it’s not going to happen.
Corporations aren’t going to spend their tax cut windfalls hiring more workers, or raising wages, or on massive capital improvements.
They’re going to spend their billions on buying back their own shares, on special dividends, on technology to reduce human labor and liabilities, on mergers and acquisitions, and on more technology to cut more costs as they expand.
There’s only one way to turn unfair tax cuts into a personal miracle.
The Federal Communications Commission’s June 2015 net neutrality rules that ban Internet providers from selectively blocking or slowing websites or charging more for faster relaying are about to change.
On December 14, the five-member FCC board, consisting of three Republicans and two Democrats and chaired by Trump appointee Ajit Pai, is expected to vote along party lines to roll back the Obama-era rules.
Repealing net neutrality under the banner of deregulation clears a fresh path for Internet access providers to make money in new ways.
Ultimately, that means making money from consumers. But luckily, there’s a way for us consumers to make some money too.
The incoming online shopping tide – scratch that, tsunami – that just swamped traditional bricks-and-mortar retailing has changed America’s shopping landscape forever.
Not only were online sales records broken on Black Friday and Cyber Monday, but they were also broken on Thanksgiving Day. Meanwhile, bricks-and-mortar stores debated even opening on a “family-gathering” day.
While online sales numbers themselves are staggering, the story they tell about changing consumer habits might as well be the last nail in the coffin of left-behind retailers across the country.
Just ask the few at the Securities and Exchange Commission’s Office of Inspector General, the SEC’s independent watchdog group who police everyone at the SEC, when they filed a complaint against two of their own.
Last year, after whistleblowers in the IG’s office claimed one of their supervisors and a junior subordinate were guilty of “time and attendance fraud” because the “two employees regularly disappeared together for several hours during workdays and engaged in inappropriate conduct in the office,” the unappreciated whistleblowers had to then blow the whistle on the superiors they complained to for retaliating against them for blowing the whistle on their buddies.
If you think superiors retaliating or even threatening to retaliate against would-be whistleblowers could impede investigations the SEC’s supposed to conduct… You’re right.
That’s why so many everyday investors and wannabe rich people follow the people who seem to have it easier. These supposedly smart guys make a ton of money running mega-conglomerates, private equity shops, and hedge funds like kings.
But, beware. When ego gets in the way of what they do and how they want to look doing it, the fallout can be devastating. It damages not only them but the investors riding their coattails as well.