Good Morning,
The US Dollar is trading lower today with the price now at 98.335. This price is down 46 points from yesterday's closing price. The US Dollar really is a basket of other fiat currencies (G7) used to support the systems myriad of bonds and swaps used to support it all. The central banks use bond swaps to support their view of tomorrow against the populations views or wishes. Going back to pricing, The EuroCurrency is higher by 87 points at 1.10830, close to double the Dollars decline (the constant in the exchanges). All US Treasuries are lower as well which means inflationary pressures are starting to show up again within our debt instruments. Gold is up $5.20 with the price at $1,238.60 (August Contract) with Silver at $16.74 (July).
Bitcoin is now at $1,740, down 1.22% over the past 24 hours. Ripple is higher by 31.34% with its trade at 31.83 cents a coin. Ethereum is at $91.82 down 3% from yesterdays trade. I will be focusing on these 3 crypto's because they point to suspicions I have about some of the cryptos and the case of Blythe Masters, the former high official Commodity Trader at JPMorgan. She left a super cushy job with an income of 9 figures a year in order to open up her very special bankers crypto system. That doesn't happen unless the central banks wanted her there.
I cannot say if Blythe is part of the Ripple Coin system or not, but what I do understand is Ripple is not finite, that is it has a backdoor that allows the creation of more Ripple when the creator wants funds or control (one is the other). Ethereum and Bitcoin are finite and they cannot be duplicated so the battle in the crypto's will expose the malfeasance in time.
The biggest battle in the crypto's is between Ethereum and Ripple who are both jockeying for second place in market cap. Ripple's market cap was exploded in yesterdays trade when it had $8,600,000,000 but the cap is now at $12,083,000,000 which caused the rise of 31%. Sure this is a great rise in value but with the understanding that the back door is being used, it would be strongly suggested one doesn't stay married to Ripple. Get in Get out take the profits and put them to work in a finite.
I'm experimenting right now with this blog. If my writings are helping I will continue these type reports until I can no longer do so. Please spread out my broken sentences and rants forward to others that may find this of use. I feel we are in the midst of a transition and having knowledge of the goings on might prepare a few for the tomorrows to come ... Stay Strong
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