(Natural News) There was a time when John McAfee of antivirus fame predicted that Bitcoin would reach $1 million by 2020. But he’s since changed his mind and decided that Bitcoin will eventually reach $0 because the cryptocurrency is based on “ancient” technology.

Part of McAfee’s former $1 million claim included a personal promise; if it didn’t “shoot the moon,” then McAfee was going to remove his genitalia. But now McAfee claims that this was all just a ploy for attention, and that he never actually intended to do this.

Though McAfee founded one of the largest cybersecurity firms back in 1987, he’s now on the run from authorities. And during a rare interview he gave from an anonymous location recently, McAfee told all about his “adventures,” as well as his newfound opinions on Bitcoin.

“Bitcoin was first,” McAfee wrote in a recent tweet disavowing the cryptocurrency that he once hailed. “It’s an ancient technology. All know it. Newer blockchains have privacy, smart contracts, distributed apps and more. Bitcoin is our future? Was the Model T the future of the automobile?”

Back in May, McAfee endorsed Dogecoin, a newer cryptocurrency that he likes because of its name, apparently. Just a few months later in August, McAfee warned his Twitter followers not to bail on Bitcoin because, “You know in your heart Bitcoin cannot lose.”

So, McAfee really is kind of all over the place when it comes to Bitcoin and the cryptosphere, endorsing one crypto one day and another the next. Reports indicate that he also has a history of accepting cash to pump altcoins, which one source indicates has given him an incentive to bash Bitcoin.

goldie

Posted by aufever @ 20:41 on January 19, 2020

34-7

goldie

Posted by aufever @ 20:27 on January 19, 2020

27-7

goldie

Posted by aufever @ 20:04 on January 19, 2020

Halftime
27-0

goldie

Posted by aufever @ 19:48 on January 19, 2020

9ers up 17-0
2:00 1st half
About to score again

goldie

Posted by aufever @ 18:12 on January 19, 2020

Final
KC 35-24

goldie

Posted by aufever @ 17:39 on January 19, 2020

KC 35-17
7:33 remaining

goldie

Posted by aufever @ 17:20 on January 19, 2020

End of 3Q
Still 21-17
KC 1st and goal at Tenn 3

goldie

Posted by aufever @ 16:35 on January 19, 2020

Halftime
Titans scored on first 3 drives
Mahomes 2 TD passes, and ran 27 yards for 1 with 11 seconds left
KC 21-17

Ipso 12:07

Posted by goldielocks @ 13:51 on January 19, 2020

No but would appreciate score updates esp on Green Bay vs 49 ers if anyone’s watching.

Prices shot up in shops and restaurants when the euro replaced the Deutsche Mark in 2002,

Posted by Richard640 @ 12:32 on January 19, 2020

ECB struggles to ease consumer perception of high inflation

By Martin Arnold
Financial Times, London
Sunday, January 19, 2020

Sebastian Werner’s family farm has had a weekly stall selling its apples, berries and honey beside the 1,000-year-old cathedral in the German town of Mainz since the 1970s — but in the past few years he has noticed a worrying shift.

“I know almost all our customers here and some of the older ones stopped buying our produce after they retired, saying they can no longer afford it,” he said. “Prices keep going up — rents, petrol and electricity — so they have less money to spend.”

Heidi Sohn, a butcher from just across the Rhine in Wiesbaden, agreed with him. “Prices are a bit too high — rents are definitely too much,” she said, adding that to afford somewhere to live she needed to move out of the city.

Ask anyone at the European Central Bank’s headquarters 20 miles away in Frankfurt about inflation and they are likely to express frustration at its persistently low level. Yet at the Mainz farmers’ market, many people think the opposite.

Prices shot up in shops and restaurants when the euro replaced the Deutsche Mark in 2002, said Ludwig Kloster, a baker from the nearby town of Bad Kreuznach, adding: “The cost of living is still going up.” He aims to retire to Latin America, where “things cost half as much.”

In recent years eurozone consumers have consistently believed inflation in the bloc to be much higher than it actually is. Households thought annual inflation averaged close to 9 per cent between 2004 and 2015, according to a European Commission survey. …

Has everyone voted in the football poll?

Posted by ipso facto @ 12:07 on January 19, 2020

Looks like the SM is closed tomorrow

Posted by Buygold @ 10:07 on January 19, 2020

Martin Luther King Day

We’ll see if gold and silver have the usual good days while the US market is closed and then fade when the US sm re-opens on Tuesday.

On e good thing, we know the shares can’t go down on Monday. 🙂

Bloomberg: “‘This is Insane’: Muni Yields at the Lowest Since Elvis was King.”

Posted by Richard640 @ 7:26 on January 19, 2020

http://creditbubblebulletin.blogspot.com/2020/01/weekly-commentary-this-is-insane.html

Saturday, January 18, 2020

Weekly Commentary: “This is Insane”

Please join Doug Noland and David McAlvany this coming Thursday, January 23rd, at 4:00PM Eastern/ 2:00pm Mountain time for the Tactical Short Q4 recap conference call, “Surviving an Equities Melt Up” Click here to register.

ETF.com: “…Investors kept plowing money into U.S.-listed ETFs. A cool $13.4 billion flowed into the space during the week…, sending year-to-date inflows to $35.2 billion, well ahead of year-ago levels of $8.4 billion.”

Bloomberg: “Global currency volatility has dropped to the lowest level ever recorded.”

Bloomberg: “Bond managers are starting to contemplate the prospect of another decade without a Federal Reserve interest-rate hike.”

Bloomberg: “Forward price-to-earnings ratios for U.S. growth stocks have reached levels only seen in eight months over a span of three decades of data…”

Reuters: “J.P. Morgan Chase posted profit and revenue that smashed through analysts’ expectations on a strong rebound in trading revenue… Bond trading revenue surged 86% to $3.4 billion…”

Bloomberg: “‘This is Insane’: Muni Yields at the Lowest Since Elvis was King.”

We’re witness to historic developments across global financial markets extending far beyond an equities melt-up. U.S. corporate Credit this week traded near the narrowest spreads (to Treasuries) since 2007. Popular Credit default swap (CDS) indices priced this week at pre-crisis lows – investment-grade and high yield. At 46 bps, Goldman Sachs (5-yr) CDS closed the week at the low since 2007. JPMorgan CDS fell five bps this week to 30.6 bps, the low going back to October 2007. A Leveraged Loans index closed Friday at a record high price. European fixed-income CDS ended the week at or near multi-year lows – investment-grade, high-yield and financial. And this week from Bloomberg: “U.S. High-Grade Market Devours Nearly $100 Billion in New Debt.”

This historic financial Bubble is a manifestation of Monetary Disorder and a direct inflationary consequence of an unprecedented global Credit Bubble. There were new data this week from the Institute of International Finance (IIF).

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