marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
News & Articles By Ethan Huff
06/27/2017
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By Ethan Huff
The total financial meltdown of Illinois draws near; the first of many states plunging into fiscal collapse
It appears that far too many years of waste, corruption, and entitlements have sent the state of Illinois on a downward spiral into total financial failure. Republican Governor Bruce Rauner has declared that the state is now entering “banana republic” territory, and that even the Illinois lottery is thinking about bailing as there will soon […]
06/23/2017
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By Ethan Huff
Is Illinois the next Venezuela? Democrats have driven Illinois to the point of bankruptcy, and soon pensions and road repair will collapse
The state of Illinois is in the throes of a serious financial crisis – arguably the worst in our nation’s history, in fact – that threatens to drive the midwestern enclave to the brink of bankruptcy and collapse. Reports indicate that Illinois is facing a more than $15 billion deficit as lawmakers scramble to implement […]
06/20/2017
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By Ethan Huff
Clueless Japanese pensioners dumping money into Bitcoin as a form of “retirement” … with no idea the risk and volatility they now face
There’s a mad rush going on right now throughout Asia over the popular online “cryptocurrency” known as Bitcoin. Armchair investors in places like Japan and South Korea are stocking up on Bitcoin with the belief that doing so will bring them mad returns. But many of them don’t realize that investing in Bitcoin may not […]
06/20/2017
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By Ethan Huff
Long-time crypto miner confesses: “I was wrong about Ethereum,” predicts catastrophic crash of numerous crypto currency bubbles
So-called “cryptocurrencies” are becoming a dime a dozen these days, with new blockchain platforms popping up on the regular. But how stable are they? One long-time investor says not very, admitting in a recent blog post that popular systems like Ethereum aren’t legitimate stores of value like many people think they are, and that once […]
06/20/2017
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By Ethan Huff
Bitcoin now being heavily manipulated by the communist China regime which can cause huge price swings at will
The price of the popular online “cryptocurrency” Bitcoin has reached all-time highs in recent weeks, with many wondering what will happen next as the Bitcoin bubble expands ever-larger. While many are focused on heightened interest in Bitcoin from Japanese and South Korean retail investors, which is massively driving up its trade value, there’s another major […]
06/19/2017
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By Ethan Huff
Bitcoin rise due to clueless noobs in South Korea and Japan, analysis confirms: Speculators all hope to buy low and sell high (and they will get burned badly)
Asian investors are going haywire over the prospect of becoming independently wealthy from investing in bitcoin, the popular “crypto” currency that has risen in value by an astounding 150 percent since the beginning of the year. But this decentralized medium of exchange could be in the midst of a giant bubble, which means that many […]
06/15/2017
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By Ethan Huff
Raoul Pal warns Bitcoin is a speculative bubble, “scarcity” may be a myth and it isn’t a “store of value”
A bitcoin investor who purchased the popular cryptocurrency several years back when it was only about $200 – it’s now valued at almost $3,000 U.S. – recently sold everything he had and moved his money elsewhere. And his advice is that you should do the same if you don’t want to suffer the consequences of […]
06/15/2017
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By Ethan Huff
Bitcoin will never be used by everyone for the simple reason that public ledgers are NOT desirable by most corporations
So-called “cryptocurrencies” like bitcoin are changing the way that many people conduct business, both online and off. But as the push towards digital cash intensifies, it’s important to remember that not everyone is keen on where things are headed, including corporations that simply don’t want their day-to-day operations publicly shared via the blockchain system upon […]
06/14/2017
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By Ethan Huff
New law to target Bitcoin under “money laundering” enforcement
Legislators in the United States have taken aim at digital “cryptocurrencies” like bitcoin and ethereum with new proposed legislation that would force people coming into America to report their cryptocurrency holdings. Those pushing this invasion of personal privacy say it’s necessary to facilitate a crackdown on money laundering operations that use cryptocurrencies as cover. A […]
06/14/2017
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By Ethan Huff
Bitcoin flash crash makes mockery of ridiculous claims that Bitcoin is a “store of value”
It’s only been a few years since cryptocurrencies like bitcoin first began taking the world by storm, offering what many people see as a more secure financial alternative to fiat currencies like the dollar. But the almost 20 percent bitcoin “flash” crash that recently took place just days ago on June 12 suggests that this […]
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