It's in the Mail
I still get snail mail from my old man once or twice a month.
He's getting on in age but his mind is still as sharp as a tac. Often, he sends newspaper clippings from back home about random goings-on. I don't always read the bits of news but it's always nice to get physical mail and it often makes my day.
Last week, however, i received a number of newspaper clippings about Bitcoin. There's no doubt in my mind that if my old man is sending me news about Bitcoin it's moved into the mainstream consciousness, as the vast majority of you well know.
Sifting through the articles haphazardly stapled together I came upon this headline:
No Earnings, No problem: Investors Buy Giustra's Blockchain Story
I was more than surprised to find an article describing how the the mining tycoon, and close Clinton associate, is moving away from gold and into the realm of cryptocurrency.
Before we get reacquainted with Mr. Giustra, let's have a look at Hive.
Hive (HVN)
According to the Globe & Mail article, Hive Blockchain Technologies Inc. was spawned after Leeta Gold Corp. acquired two unnamed cryptocurrency data centers in Finland, ultimately transforming the mining company into a cryptocurrency orientated enterprise.
By early this month, its shares has skyrocketed to more than $6 apiece, giving Hive a market value of more than $1.2-billion. Not bad for a company that has yet to release a quarterly earnings statement.
Hive is backed by some well-known names in the gold-mining industry, including Frank Giustra, a financier who has worked closely with former US president Bill Clinton on philanthropic endeavors.
...
Hive describes itself as "building a bridge from the blockchain sector to traditional capital markets."
When the article was published Hive's market value was an impressive $6 per token yet only a few weeks later the token has dipped substantially now worth closer to $0.05 USD when viewed on coinmarketcap.com. Hive is ranked 219th in market capitalization with 375 million tokens in circulation out of a 500 million token supply.
Curiously, the data from coinmarketcap.com indicates that the highest valuation of HIVE thus far is about $0.07 USD with a ATH market cap of 18,346, 987.
There's mention of an anonymous letter in the Globe & Mail piece raising "questions about Hive's valuation", yet doesn't provide any details. Rather, the article goes into great detail about Hive's pre-sale (ICO) where PI Financial Corp. "bought shares early on in a #16.5-million seed financing round done at 30 cents a share that was announced in June.
Another early investor in Hive was Toronto base GMP Capital Inc. whose employees participated in the event that saw the company raise "$60-million, the most recent at $2.80 a share".
"GMP employees participated for a very small amount," GMP spokesman Rocco Colella wrote in an e-mail. He addedthat the independent dealer's employees are prohibited from selling their positions for nine months.
Hive White Paper and Use Case
The Hive white paper describes the token as a tool to improve company invoicing.
Hive is not only intended to act as way to improve invoicing it intends to provide the capability to upload all relevant company financial documentation to the blockchain enabling real time auditing, streamlining credit scores and aiming to speed up credit approval.
Frank Giustra Billionaire Philanthropist?
Mr. Giustra came into the public spotlight through his 'philanthropic' work with Bill Clinton and the Clinton Foundation. This is how the mining magnate would like to be viewed, a philanthropist with a generous heart, championing humanitarian causes the world over.
The Canadian billionaire has a joint partnership with the Clinton Foundation aptly named the Clinton Giustra Enterprise Partnership (CGEP) with projects in Columbia, Peru and Haiti.
Other philanthropic organizations that are intimately connected to Frank Giustra are the Radcliff Foundation and the Crisis Group.
Behind the Charity
Unless you've been living under a rock or you believe everything that flashes across the screen on CNN, you'll know that the Clinton Foundation (CF) is one of the most corrupt organizations in human history. Frank Giustra is a major donor to the CF, donating at least $31-million dollars to the organization.
Documents released by Wikileaks in the run-up to the 2016 US presidential election show, as Secretary of State, Hillary Clinton ran a pay-to-play scheme while at State acccepting huge donations at the Clinton Foundation from donors seeking to gain favor.
Not only has the CF operated a pay-to-play scheme for access to American political power players, it was also responsible for fleecing the Haitian people of $2-billion in relief aid after the Clintons spearheaded the earthquake relief effort in 2010. We won't get into the details here, but it is worth revisiting.
If that wasn't enough, the Clintons and Giustra are central figures in the Uranium One scandal where Bill Clinton acted as intermediary in introducing Frank Giustra to key government officials in Kazakhstan.
The path to a Russian acquisition of American uranium deposits began in 2005 in Kazakhstan, where the Canadian mining financier Frank Giustra orchestrated his first big uranium deal, with Mr. Clinton at his side.
The two men had flown aboard Mr. Giustra’s private jet to Almaty, Kazakhstan, where they dined with the authoritarian president, Nursultan A. Nazarbayev. Mr. Clinton handed the Kazakh president a propaganda coup when he expressed support for Mr. Nazarbayev’s bid to head an international elections monitoring group, undercutting American foreign policy and criticism of Kazakhstan’s poor human rights record by, among others, his wife, then a senator.
Within days of the visit, Mr. Giustra’s fledgling company, UrAsia Energy Ltd., signed a preliminary deal giving it stakes in three uranium mines controlled by the state-run uranium agency Kazatomprom.
...
Still, the company’s story was hardly front-page news in the United States — until early 2008, in the midst of Mrs. Clinton’s failed presidential campaign, when The Times published an article revealing the 2005 trip’s link to Mr. Giustra’s Kazakhstan mining deal. It also reported that several months later, Mr. Giustra had donated $31.3 million to Mr. Clinton’s foundation.
(In a statement issued after this article appeared online, Mr. Giustra said he was “extremely proud” of his charitable work with Mr. Clinton, and he urged the media to focus on poverty, health care and “the real challenges of the world.”)
Source: The New York Times
For a comprehensive view of the Uranium One fiasco see
's upcoming series on the corruption scandal
The Radcliffe Foundation
In another philanthropic endeavor, Giustra established the Radcliffe Foundation that promotes and supports a wide variety of charitable organizations in areas such as women, children, education and employment.
http://radcliffefoundation.org/about-radcliffe/
Mr. Giustra is a founding patron of the Boys Club Network, an at-risk youth mentoring support group in Vancouver, Canada. The Radcliffe Foundation was also an inaugural supporter of Streetohome, the first broad community-based initiative to bring together stakeholders from business, nonprofits, and governments with citizens to address homelessness in Vancouver. Most recently, the Radcliffe Foundation has actively responded to the ongoing refugee crisis by providing humanitarian aid to refugees in Greece and Turkey. Eight hundred of the most vulnerable refugees in Idomeni will get new accommodations in Thessaloniki, thanks to an unprecedented private-public partnership between the Radcliffe Foundation and the Greek Ministry of Migration.
The Radcliffe Foundation is actively involved in the migration crisis affecting Greece and Turkey which is also a focus of another organization where he was a member of the board of directors, the Crisis Group.
The Crisis Group
The Crisis Group is a veritable rats nest of international players, career politicians and influential billionaires whose board of directors includes/has included:
- George Soros
- Alex Soros
- Frank Giustra
- Larry Summers
https://www.crisisgroup.org/
Pedo Symbols
One of the first things that struck me about the Hive cryptocurrency piece was the painting present behind Giustra in the Globe & Mail article. The swirl has been identified by the FBI as a symbol used by pedophiles.
FBI IDed Pedo Symbols
It is instructive to note that Bill Clinton has also been a frequent guest on the "Lolitta Express" airplane that taxied friends and guests of convicted pedophile Jeffrey Epstein to his private Island in the Caribbean (Little St. Martins). Epstein also claimed to be one of the founders of the Clinton Global Initiative.
Additionally, one of the organizations supported by Giustra's Radcliffe Foundation to deal with the migration crisis in Greece, Elpida, also uses a known 'boy lover' pedophile symbol as its logo.
The Radcliffe Foundation has earned high praise by Canadian Prime Minister Justin Trudeau -
The same pedophile symbol for Elpida is used as the logo for the Trudeau Foundation.
https://pizzagateblog.blogspot.ca/2017/03/the-pierre-elliott-trudeau-foundation.html
Investment Advice:
Don't support this corrupt individual or projects associated with these organizations in any way, shape or form.
Images: privatecapitalnewswire.com, Youtube, The Burning Platform, We Are Change, Globe & Mail, Clinton News, The Radcliffe Foundation