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Bitcoin Soars Above $1000 In China

Bitcoin Soars Above $1000 In China

2017 is off to a good start if you are holding Bitcoin as volumes continue to surge through Chinese Bitcoin exchanges amid fears of increased crackdowns on foreign exchange transfers in the new year. In the last 24 hours, BTC China has seen prices spike above 7,100 yuan (well over $1000 at the onshore rate exchange) as Bitstamp reports prices over $990.

Bitcoin in China topped 7,100 this morning - and with USDCNY at 6.945, that is over $1000...

 

Though it is not quite there in dollars...

"This Would Cross Our Red Line" - Chinese Military Considering Measures To "Cripple" Taiwan

While Donald Trump is tweeting his new year's greetings to his friends, and especially enemies, China is thinking three weeks ahead to the day the president-elect is officially inaugurated, and is worried what that could mean for a suddenly empowered Taiwan, whose outreach to Trump now means that the long-standing "One China" policy is now a topic of negotiation.  As a result, Reuters reports that China's military, alarmed by Trump's support of Taiwan, is considering strong measures to prevent the island from moving toward independence.

Eric Zuesse: America’s Secret Planned Conquest Of Russia

Submitted by investigative historian Eric Zuesse is the author, most recently, of  hey’re Not Even Close: The Democratic vs. Republican Economic Records, 1910-2010, and of  CHRIST’S VENTRILOQUISTS: The Event that Created Christianity.

America’s Secret Planned Conquest Of Russia

The U.S. government’s plan to conquer Russia is based upon a belief in, and the fundamental plan to establish, “Nuclear Primacy” against Russia — an American ability to win a nuclear war against, and so conquer, Russia.

Beware Trump Tweets, And Other Major Catalysts In 2017 According To JPMorgan

In the latest macro update from JPM's Adam Crisafuli, the strategist writes that the Trumpflation rally which more than doubled the market's YTD gains since the Trump election, has gotten ahead of itself and that "it seems like a lot of headwinds that have been accumulating below the surface for weeks are quietly moving to the fore."

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