Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

CryptocurrencyYou Missed It

Walk around the Internet

As often happens there is a lot of good stuff and big stories that we are missing out there on the web. Here’s a roundup of interesting and scary stuff you should take note of:

Remember “The Project for the New American Century?” The purported plot for world conquest by smashing up the Middle East hatched by Neoconservative warmongers about 30 years ago. The Project is still alive and well in the Trump Administration. Jon Basil Utley has full details over at The American Conservative (TAC).

Also at TAC Patrick J. Buchanan explains why any effort to impeach President Donald J. Trump (R-New York) will be far messier, nastier, bloodier, and more destructive than the removal of Richard M. Nixon (R-California) after Watergate. Buchanan; who actually knew Nixon, thinks Trump will fight to stay. He also does a good job of ripping apart the Russiagate hypothesis here.

Speaking of Russiagate, self-proclaimed “rogue journalist, poet, and utopia prepper” Caitlin Johnstone does a great job of explaining why attacking Trump is a dead-end for Democrats in her recent Medium piece: Anti-Trumpism Is Anti-Progressivism In Disguise.

There is now strong evidence that Saudi Arabia owns the Trump administration or at least first son in law, Jared Kushner. American Conservative writer Geoffrey Aronson makes a good case that Kushner and Saudi Crown Prince Mohammed Bin Salman have hatched a scheme to give the West Bank to Israel, in this exposé.

Is Estonia about to Launch a Cryptocurrency and a Blockchain Marketplace?

There are internet rumors that the government of Estonia is about to launch a marketplace for blockhain investments and cryptocurrencies. The rumors include claims that the marketplace will be financed by an initial cryptocurrency offering (ICO) called TGE.

Examples of such rumors can be seen in this press release. The rumors include claims that TokenEST OU, a private company backed by the Estonian government will operate the exchange. The exchange will be regulated and overseen by something called TokenEST SA, which appears to be an Estonian government agency.

If it worked the exchange would generate a huge amount of revenue for Estonia. That would apparently be used to fund a wealth fund like that in Norway. Given the recent advances in blockchain and cryptocurrency, Estonia’s wealth fund would potentially be larger than Norway’s $1 trillion wealth fund, which is based on oil profits.

If this succeeds we’ll see government-backed crypto exchanges popping up all over the world. Cryptocurrency investors and speculators should watch carefully because the TGE or EST token might be worth a lot of money if it is real.

An Australian company called Chronobank claims that its TIME Token will be part of the Estonian efforts. Unfortunately, the only confirmation for those workers comes from Chronobank press releases. Google searches turned up no information about TGE or TokenEST.

If true this would be big news, because this would be the first government-backed cryptocurrency or crypto asset exchanges if it is true. It would attract attention because Estonia is a member of the European Union and the Eurozone.

Interestingly enough, all this comes shortly after The New Yorker proclaimed Estonia “The Digital Republic” in an article. Perhaps the nation also wants to become the cryptocurrency republic or the world’s cryptocurrency marketplace.