Monthly Archives: November 2016
Venezuelan Hyperinflation
The perfect storm is brewing in Venezuela. An over reliance on oil export revenue, a falling global oil price, and over a decade of poorly thought out socialist reforms have left the Venezuelan economy with rising inflation and unemployment. The Inflation is of course caused by the printing of money with no actual asset to back its value, once value production in the economy stalled, the inflation started and just accelerated.
Half of the remaining value of the Venezuelan Bolivar ( VEF ) could be destroyed this week if current trends continue.
This is what hyperinflation looks like at street level, shop owners begin to actually weigh money rather than count it, as its quicker. A pack of cigarettes may cost 20 notes. Higher denomination notes are being printed and ATM’s are running out of money in as little as 3 hours.
The Bolivar (VEF) has lost value to the US dollar (USD) significantly since oil revenues dropped, but now a spike in inflation may push Venezuela to crisis point. The official exchange rate from the ‘living in denial’ government has been 10 VEF :USD.
Bitcoin vs VEF
Bitcoin has played interesting roles in this crisis. This is probably the first serious hyperinflation situation during the existence of Bitcoin, and it has been used in many ways. For the IT savvy people, Bitcoin has been a stable and lucrative job with some miners claiming to be making 1200 USD per day. The profitability of Bitcoin in Venezuela has been due to the fact that electricity is virtually free, and electricity is the largest cost associated with bitcoin mining. Bitcoin hasn’t been with out risks, as the government has attempted to crack down on miners, and in some cases corrupt secret police have extorted miners. Bitcoin profits have enabled some miners to escape the country, which they find to be an increasingly dangerous place to live in.
Bitcoin has also played the role as a safe haven from inflation, and a medium of exchange to get around the official exchange rate and official currency exchange rules, VEF:BTC and then BTC:USD. Bitcoin has also been a way to purchase and import scarce commodities from foreign countries, and when we say scarce we mean shampoo, toilet paper and toothpaste; that is how bad it has gotten. So it seems Bitcoin has shown its strength against a currency collapse. As long as there is internet and the rest of the world is not crumbling, Bitcoin could be the most convenient safe haven in a currency crisis. Of course in an economic collapse one should take steps to conceal ones source of wealth, as thieves and kidnappers are all to happy to take it away from you.
Chinese ghost City
The biggest property bubble in the world, China. Shadow banks, speculation, and rampant gaming of the system including the building of sham multi story houses to milk compensation for land acquisition. Building a city large enough to absorb the population of five surrounding cities and remaining almost completely empty.
That’s what I love about the internet, you can get almost any perspective, this one for example is from two western guys who like to record their motorbike adventures around China.
I love one his last comments, “…at least there wont be a homelessness problem once the bubble bursts”.
Propornot is Google
Busted! Google has its hands caught in the propaganda jar. This is happening because people are no longer believing the BS they hear in the MSM ( Main Stream Media), so anything too controversial is being labelled as ‘fake news’. The website ‘propornot.com’ has a list of about 200 websites that it claims are fake news services. Propornot has been discovered to be a puppet of Google. Propornot is itself fake. There are a lot of people right now scared of the truth and are running out of places to hide.
The occasional bit of fake news can be OK, we sometimes put out stories to see if people are awake and have their BS radar working correctly, its not to lead you astray it to keep you alert.
Its ironic that the press that has lied to us for so long is now wanting to attack the credibility of internet based alternative news services.
After all you must only trust official government approved news, citizen!
Want to see some events that you thought were real, but in one clip you can see how fake it is? How about the ‘white helmets’ a group helping wounded civilians in war torn Syria, or are they?
Completely staged and added sound effects.
So remember beware of fake news, and do some of you own digging.
Culleton challenges courts legitimacy
On Nation party Senator Rod Culleton launches a challenge to the legitimacy of Australian courts. He alleges there is question as to whether they are serving the queen (which they should be) or something/someone else.
For the people scratching their heads at this, there has been significant discussion of this exact assertion for many year in the legal research community. This the deeply ironic point, the courts may have been acting illegally, so many years.
The section 72(ii) Cullerton refers to is the power of the government to sack a Judge.
Cullerton has been embroiled in a battle with the courts over whether he was legally able to stand for the senate seat he won, the dispute arises from a larceny conviction which was annulled after he became senator. Part of his challenge may be payback or raising the stakes of his own legal battles. Scratching a little deeper he may be hinting at accusing the courts of treason.
Imagine getting all your traffic (and other) fines money back with interest after the courts are found to be acting illegally.
Roz Ward Hat crime Hypocrite
This is Roz Ward. She is a Hypocrite who demands her sexual/political agenda is forced onto schools. She packages her agenda as being safe from bullies but clearly is happy to publicly bully others. She claims to be an academic but is completely unable to come up with a valid argument as to why someone else should remove a hat she politically disagreed with so she resorts to violence to snatch it off.
Roz ward:
Ignorant, Fake Academic, Hypocrite, bully, thug, Marxist.
With a little more digging we find ‘Safeschools’ is linked to pedophile apologists and propagandists.
http://unsafeschools.org/the-australian-safe-schools-program-la-trobe-university/
Don of a new era
Donald J Trump win US presidential election and is now president elect. Many political analysts were surprised by the outcome because mainly there were really just Shilling for Hillary.
A mostly complete map of US counties and how they voted, as can be seen mostly only heavily populated urban areas voted against trump.
The most accurate prediction of Trumps Victory came from Janent Reno, who died a few days ago.
Now everything changes. Be prepared for the biggest can of worm in political history to be opened. Now you get to find out about the corruption that has occurred at the highest levels.
Julian Assange vs Hillary Clinton Bombshell
In his latest interview with John Pilger Julian Assange makes the claim that Saudi Arabia , a contributer to the Clinton foundation, is a major funder of ISIL. This means that Clinton and Obama had their hands tied when dealing with Saudi Arabia over ISIL, which could have potentially received unlimited funds. It is not a big surprise that this might be the case, why would Saudi Arabia, a fundamentalist Islamic state hesitate to fund “Islamice State” (ISIL) ?
The war against Libya, largely championed by Clinton, led to destabilization in the middle East, with Jihadi groups and Isil killing up to 40 000 people, this in turn led to the refugee crisis which is now flooding Europe. According to Assange, Libya and Gaddafi were previously policing the Mediterranean, thereby preventing rogue Islamic groups getting control. It appears that in the Middle East you have a choice between brutal dictators and fundamentalist Islam, as the case of Saddam Hussein has previously shown. Ultimately brutal dictators are more preferable to Islam , which in it’s most fundamentalist version is a most destructive force.
According to Assange ,Hillary Clinton is the centralizing cog in the wheel of Large Banks, Wall Street and Middle Eastern Islamic oil states. It’s about the money. Apparently half of Obama’s first cabinet was chosen by Wall Street.
Assange provides his analysis after reading many of the leaked Clinton and Podesta emails.
If Assange is correct and Donald Trump is”not permitted to win by the establishment”, what will Hillary Clinton do next ? Fight Putin and Russia? You can bet on that.
Assange finishes the interview by stating that he is a political prisoner who has been unlawfully confined to the Ecuadorian embassy in London for four years under false pretenses.
OCCUPYMELBOURNE.NET 
You must be logged in to post a comment.