With $13.7 Trillion in globally negative yielding debt, we are treading on new territory, never previously seen by humanity … ever, in commerce.
Negative yielding debt? Imagine. Would you lend $100,000 to anyone – even family – if the interest rate meant, instead of you receiving money, or being zero (aka family), that every month you (the “Lender”) had to pay the borrower, more money? Think about that! You lend someone, your hard earned dollars and then, month after month, instead of making a return on your money, you have to pay out more money? Insanity.
This alone reflects the failing of the Western Central banking system; and has never previously been witnessed in 5000 years of recorded commerce; and not enough people are talking about it – period.
Like a tsunami of capital, this $13.7Trn in negative yielding debt will – and very soon – seek out a return; and, as we speak, has already begun this process of, ebbing out of the countries whose government bonds presently provide this negative yield (Japan, Germany, France, Europe).
If one wants to really understand from more than just a surface opinion on why the recent rally of crypto, one need only understand this very under-reported tidbit of data/knowledge. A tsunami of capital, like a fire-hose, will find its way to other investments – it’s that simple. And while historically, precious metals juniors, cannabis stocks, crypto, etc. has been seen as a more “risky” investment, nothing is more risky than a guaranteed negative yield, like this government debt.
Lets be honest, countries like Japan, which have recently adopted Ripple in a big way, are already very well aware of such crisis’ – even though general market may not be. Proof: Negative interest rates in Japan have driven up safe (physical vaults) sales up to 1000% of previous year sales (year after year). Citizens are doing whatever they can to put their wealth somewhere and avoid paying bank fees. Which guarantees the banks are scrambling to figure out how to reduce such fees; hence why block-chain is so so appealing. Not to mention, …
from Golden Palace – John A. of the United Kingdom now holds the record for winning the largest-ever online jackpot, with an unprecedented windfall of $339,300.19 while gambling at Golden Palace Online Casino. Since the introduction of Golden Palace’s Progressive Caribbean Poker several months ago, the game’s popularity has grown steadily, propelling the jackpot upward until it was finally won with a Royal Flush.
The phenomenal jackpot win has both the casino and the player equally excited. Golden Palace received an elated message from John A. shortly afterwards, where he stated, “I am still coming to terms with a fantastic experience, and still find it hard to believe that I have won that amount of money.”
The progressive-jackpot Caribbean Poker is only 1 of 40 games that the casino offers, including 6 progressive slot machine games, and a wide variety of traditional casino table games. The software includes a “play for fun” mode that allows users to test drive their software before playing for real money. Gamers can download this software from the Internet for free, 24 hours a day.
Online gambling is experiencing a huge surge in Togel Singapore popularity, with projected revenues worldwide in the billions. The new trend in wagering is not only a benefit to casino owners, but players such as John A. who are now walking away with increasingly sizable winnings.
After netting his huge win, he was quick to thank the casino himself, saying “This win just proves I made the right choice.”
Net Gambling Opponents Testify Before Committee
A U.S. House subcommittee on Tuesday was urged to pull the plug on online gambling for the second time in less than two weeks.
The U.S. House Financial Services Subcommittee on Oversight and Investigations held hearings earlier this month to address the financial concerns associated with online gambling. At that time, credit card company Visa argued that it was not its responsibility to police online gambling.
Today’s testimony saw some of the most vocal opponents of Internet wagering take the stage to argue that online gambling seriously threatens players and their finances.
Rep. Bob Goodlatte …