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3 Comments

1. Italian politics — again

   Italy has had 100 governments in the last 120 years or some outrageous thing like that. This is what they do every couple of years and sometimes every year. God bless them. They do have economic problems of course. Debt is slavery after all.

   But a bigger story, not being covered much, is Deutsch Bank. It’s the holder of the worlds largest derivatives book and is trying to transform back into a personal bank from a money center and trading bank. But something is wrong, very wrong. Look at a chart, it’s nearing 10 bucks, a level NEVER SEEN before. And the Fed put it on the troubled banks list. Is this risk systemic? We never know until it’s too late. Like JWR has said recently, keep your stops tight and your eye on the ball. Europe may be headed for a spot of trouble on top of the Italy thing. But again, is it systemic.

2. Global chief financial officers (CFOs) are NWO-driven. Borders, national sovereignty, the middle class and an armed citizenry are standing in the way of global government. These CFO can (and will) accomplish 3 out of their 4 goals. Be prepared to literally put skin in the game to resist the their goal.

3. A comment/question about this section of SurvivalBlog for JWR.

   JWR is a tangibles guy. But unless I am mistaken he is at least a moderate advocate of Bitcoin. I am not sure I follow this. Perhaps I am mistaken.

   I see some theoretical advantages to Bitcoin from the standpoint of getting assets out of Fiat currencies. I see it from a libertarian stand point. I see it from a portability stand point. I do not see it from a survival stand point or even at this point as any kind of safe haven. Bitcoin resides entirely in what I view as the battle field of the digital world.

   I would be curious to hear JWRs comments on this matter. Perhaps I am missing something.

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