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      "body": "Congratulations @rationis! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@rationis/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@rationis) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=rationis)_</sub>\n\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
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      "body": "![](https://steemitimages.com/DQmW71CceM4tX3mjFgsz4sfAqRH6k1Zy9UGaDrXMyRQwsSr/image.png)\n\nCan America survive the emerging powers in the East? China is currently the largest importer of oil on the planet and they’ve decided to make a move on the petrodollar with the petroyuan. China plans to release the petroyuan within 2 months, at the end of 2017 and before 2018. The petroyuan will be backed by gold and the move is already fully supported by Russia and Iran. Both Russian and Iran export large quantities of oil to China and would also mitigate some of the sanctions imposed by the USA if they were able to reduce their dependence on the US dollar and the petroyuan is a solution.\n\nThe USA has enjoyed decades of supremacy as a result of the petrodollar, making the dollar the world reserve currency. Many of the world’s goods are priced in US dollar and these are used to make trades, with the most important good being oil. Oil powers nations and nations wanting to buy oil must, therefore, have reserves of US dollars to be able to purchase oil from the world market.\n\nAfter the financial crisis of 2008, the US central bank, the Federal Reserve Bank (FED) has been relentlessly printing dollars to stimulate the economy. They called it quantitative easing and there were a few of these and they printed a lot of dollars.\n\n<center>![](https://steemitimages.com/DQmSNnUZWKHJc9FUA4rAanj8uv2YHcxgRxaQkZkCQpRaxr8/image.png)</center>\n\nThe supply of dollars has increased but we haven’t seen much inflation, and this is because countries are hoarding dollars. Being the world reserve currency and being used to purchase primarily oil and other goods, countries all over the globe hoard dollars and keep much of them out of circulation. If the petrodollar loses its status, the USA risks runaway inflation as more and more countries dump the dollar in exchange for the petroyuan.\n\nThe last time a country tried to undermine the hegemony of the US dollar, it got bombed to smithereens. We would like to think that the army is there to protect a country’s citizens and maybe it was so once upon a time. Today, the army is there to protect the elites and once those elites feel threatened, they flex their muscles and breathe fire. Saddam Hussein wanted to sell his oil in Euros and was promptly taken care of using the false flag of “weapons of mass destruction”. Muammar Gaddafi was to sell his oil in a novel currency called the gold dinar but never got around to it. Just like Hussein, his country was decimated, and he was murdered in the streets, worst than a stray dog.\n\nChina is not Iraq nor Libya, and direct conflict is out of the question for the Americans.\n\nSo, what can we expect? We can expect another war, perhaps the Americans will destabilize the region via North Korea. Or maybe we’ll finally see the end of another empire and this may be the preferable option. The USA has been highjacked by corruption. Both, the Republican, Democrat, technocrat and mainstream media elites want to see the USA flooded with immigrants, cheap labor, and cheap votes, all at the expense of the European American culture and people.\n\nLike the phoenix, will America rise from its ashes or be remembered as Rome is remembered today – just another empire lost?",
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      "body": "I blame the education system and the mainstream media primarily for the lack of critical thinking. I do also blame the people for being so willing to obey or accept the things they are told. However, I mainly blame the people for being so cowardly. It's about that time of the year so I'll mention it, Halloween is being politicized for God's sake. If you are white, you can't dress like a native or an Eskimo, a word now considered to be insensitive and offensive.\n\nThere are dozens of genders now? In 2018, men will be able to crush women in the Olympics because now simply saying you are a woman makes you one.\n\nCowards.\n\nFortunately or unfortunately, the day will come when the going will get tough and the tough will get going.",
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      "body": "I just bought my crypto last week and things have been really good. Some co-workers asked me for help, the process to getting some. I told them that I would write a few things down for them to follow and figured I might as well share it on here.\n\nIt seems daunting to get into cryptocurrency investing but it's really not that bad.",
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      "body": "![](https://steemitimages.com/DQmRL4GTTEBpoSkYi5kSZpCqcjEK9K5uxdXcBeynrXTXTTF/image.png)\n\nThis text will present a summary and then go through the details of trading cryptocurrency. I will try to be as brief as possible.\n\n# In summary:\n\n1. Figure out which cryptocurrencies you wish to **purchase** with your fiat currency\n1. **Join** an exchange\n1. **Deposit** fiat currency\n1. **Purchase** cryptocurrency with your deposited fiat currency\n1. **Profit!** (or die trying… well not die but at least cry a little)\n\n# The details:\n\nI made investments in **Monero** because I like the privacy aspect, **Ripple** because it’s mainstream and has garnered major banks interest, **Lumens** because it’s cheap, non-profit, and sort of like Ripple but different, and finally, **Electroneum** because it is trying to revolutionize video gaming and online gambling. There are also plenty of disadvantages to my list but that isn’t the point of this text. You should do your research, follow your gut feeling and then invest in the short or long term.\n\n## Step 1\n \nI signed up with the San Francisco based exchange **Kraken.com**. An exchange is a medium used to exchange one currency for another for a small fee. The next steps are to:\n\n1. Get **verified**\n1. Setup a **wire transfer** from your bank to Kraken’s bank\n1. **Trade** your fiat currency for cryptocurrency\n\nUpon signing up, click on *Funding* and you will notice a bunch of fiat money you have the option to deposit. You may select the one of your choice, but you will then find out that you need to get verified first. So, click on *Get Verified* and depending on which currency you are depositing, you may have to get verified all to way to *Tier 3* – uploading an image of your driver's license and a recent bill.\n\n## Step 2\n\nOnce verified, you will be provided with **Wire Transfer Deposit** information. A wire transfer is used to send funds from your bank to another bank:\n\n1. **Account name** (your money will go into this account)\n1. **Address** (receiving bank address)\n1. **Bank name** (receiving bank name)\n1. **Branch address** (receiving bank address)\n1. **SWIFT** (also known as bank identifying code or BIC and is used to identify banks internationally)\n1. **Account number** (receiving bank account number)\n1. **Reference** (your Kraken deposit account – IMPORTANT – your bank may not have a field titled reference, it may be titled *Note* or *Additional Information* or something like that. Ensure that *kraken.com* is included in that *Note* field. In example: *AA98 BB98 XXXX XXXX kraken.com*\n1. The *Minimum* and the *Maximum* is simply how much fiat you can wire, it’s not something to be provided to your bank. I mean you sure can, but they won’t care.\n\n## Step 3\n\nAfter 1 to 13 days, depending on the country of fund origin. Canada seems to take the longest according to Kraken’s frequently asked questions (FAQs). You will get notified by e-mail when your funds are available in Kraken. After you do, you may log in and click on **Trade** followed by **New Order**. Start with the **Simple** option, at the top left, select your currency pair (i.e. XBT/USD), and exchange your USD for XBT (Bitcoin)!\n\nYou will notice that you may not purchase some of the less popular cryptocurrency with fiat currency. As a matter of fact, most cryptocurrency is not available for purchase with fiat currency. You will have to purchase Bitcoin first and then use it to purchase other cryptocurrency. I think that this is one of the reasons for the Bitcoin popularity, a minor one but a reason nonetheless.\n\nSo, will be become an active day trader or will you hold? Best of luck and enjoy the trip.",
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