Nov 202017
A Major Change To Our Monetary System If history is to repeat itself, then investors and savers should be on the lookout for a major change to our monetary system in the coming years. The choices today are Gold, U.S. Dollar (fiat currencies) or Cryptocurrency. Which One Is best to prepare for the future? The most important thing to ask when choosing is “whether or not Cryptocurrency, Fiat currency or physical gold will remain money. What is Money? When analyzing each asset as Money, there are seven characteristics to observe: durability, portability, divisibility, consistency, instant recognition, acceptability and intrinsic value; as well as three functions: unit of account, medium of exchange, and store of value. Precious Metals? Jordan Eliseo (Kitco) said in a report published Monday. “Precious metals are likely the best and, just as importantly, simplest means of protecting your wealth through the difficult market environment we all face in the years ahead. History shows that physical gold has no peer when it comes to protecting purchasing power over long time periods, and why it has been humankind’s preferred choice of money for millennia.” But is that true today? Gold clearly meets the first five characteristics of Money as well as the last one: In that it is intrinsically valuable – both as an display of wealth (think jewelry) and in some industrial applications.” Cryptocurrency? I’m sure that if you’re reading this article, you’re at least a little intrigued by the idea of cryptoassets and blockchain technology. Governments all over the world are scratching their heads at what to do about this new technology. It’s an uncharted area and has already given rise to one of the greatest criminal tools of all time. An amazing part of this technology though, is that everything is decentralized and happens through the Internet, so pretty much all that governments can do is criminalize the exchanging of these cryptoassets. However, any attempts to stop development on these technologies will effectively leave these countries’ governments in the dark ages, while their citizens will still be able to skirt any regulations as long as they have the Internet. I think we’re at a pivotal moment where non-tech-oriented people are only now waking up to the idea that Cryptocurrencies aren’t just fake Internet gold, and that the other cryptocurrencies out there aren’t just a different “brand” of Bitcoin, and can be evaluated entirely on their merits. (more…)
Oct 312017
The Blockchain technology enables tokenization of gold. Investors consider precious metals and cryptocurrencies as substitutes, as the value of both asset classes depends on the level of faith in the national fiat currencies. However, a few cryptocurrencies backed by gold exist, potentially creating financial ecosystems. (a complete list of gold-backed cryptocurrencies is here). The main advantage of gold-backed tokens compared to other cryptocurrencies is that they reduce the exposure to downside risk, as investors can exchange these tokens for gold. Hence, investors should not lose all their money in the case of a market crash, as the value of bullion serves as the floor price (the price of gold-backed cryptocurrency is always at least equal to the spot price of gold). And when compared to investing in physical bullion, gold-backed tokens offer higher comfort of trading. However, there are also drawbacks. Investors have to pay premiums over the spot gold price in order to cover the companies expenses. Mitigating The Risk Addressing counter party risk, all transactions are accompanied by a legally binding international multi signature smart contract minimizing exposure to any financial risk that might exist. The risk resulting from third-party participation and the usual fact that someone has to store the gold somewhere and promise to exchange tokens for the underlying metal, that risk is removed. The reason, the gold is mined from our own mines. We do the refining and minting. When redeemed, the gold is shipped by trusted and insured courier, like FedEx. And we are completely transparent about it. The Bottom Line Is, tokenization of gold is on the rise. This is good news for the precious metals market, as it will increase demand for gold. And the whole idea of gold-backed tokens is fascinating, it will revolutionize gold trading . Although there are some synergies, the marriage between cryptocurrencies and precious metals will not be quick and easy. Some doubts remain: cryptocurrencies are decentralized, while gold must be stored by some central authority. And why should investors buy gold-backed cryptocurrencies and pay a premium, just to have tokens convertible to gold for a fixed weight of Gold. One answer is that Small Gold Tokens are convertible to the one gram it represented at the time of purchase when they are exchanged regardless of the spot price. Another consideration is the trading capability of the coin itself. Cryptocurrency is recording increasing levels of market cap (more…)
Aug 252017
GreenFire is happy to announce its choice for project crowdfunding, Next Level Africa – NLA The crowdfunding platform for the future. Welcome To The Most Unique Crowd Funding Platform On The Internet For Humanitarian Projects Only “Crowd Funding is the best way to get funds for your project, and also earn and receive the best products available from Nextlevelafrica while doing so. Start your project today and watch it explode! You may simply support other crowd funding projects by piggy backing on a project program available to all members.” Nextlevelafrica (NLA) is unique, in that it is the only “bank” backed, “cash” backed cryptocurrency in the world. This currency is backed by 76 SWIFT enabled banks. Today an account with NLA is FREE (see below for link). Get your account NOW. Since this is a CROWDFUNDING platform on which you may list your project for funding. The minimum funding for a HUMANITARIAN project is $100 million. GreenFire and the Children of the Landfill require over that amount and so is a premiere project on NLA. That said, all humanitarian projects will be funded. If your project is not that large, NLA will bundle projects together to meet that criteria or you may “Piggyback” on the GreenFire project and receive associated benefits. I was introduced to the owner of NLA, Noel Adams, several years ago, he and I became friends through many hours of conversation.. I have watched him deal with the struggles and the starts and stops that come with massive global software development, I have done a little of this myself. Regardless, it is my great pleasure to know this man and be part of the success of NLA. Noel was the first to recognize the far reaching benefits of GreenFire and immediately donated the best of NLA services to the GreenFire and Children of the Landfill projects. My great thanks. To Get Your Crowdfunding Platform is $15 Per-Year. You keep 100% of the money you raise. Once you signup for free, you can login to your back office to upgrade to the Project Platform. (Coming in the next few days) Once completed, you have access to your crowdfunding page where you can choose an already existing project (cost: $5) or, create your own project. You have complete control of the crowdfunding webpage so you can get with your "web guy" to create the look and feel you want (more…)
Aug 232017
A Tsunami Hits the Recycling World, and We’ll All Feel it Soon  August 22nd, 2017  David Baggs Whether you felt it or not, the earth shaking actions that unfolded recently will ultimately have an impact on every one of us. Late last month, China notified the World Trade Organization that by the end of 2017 it will ban imports of 24 types of rubbish as part of a campaign against "foreign garbage" and environmental pollution. Anyone who cares for the planet or is a ratepayer or who relies on kerbside recycling or a reliable supply of commonly recycled plastics for manufacturing will likely sooner or later be affected by the additional costs and environmental burdens that this recent decision by China will create in the short to medium term while the developed world waste processing and manufacturing industries change gears and re-establishes recyclate reprocessing for use in their products. The decision creates massive  policy and physical challenges for all levels of government and industry. The official announcement to the WTO foreshadowed that China will forbid the import of four classes and 24 kinds of solid wastes, including plastics waste from living sources, vanadium slag, unsorted waste paper and waste textile materials. The major China HS categories being banned include the following types of materials: Scrap or waste plastic Waste of wool or of fine or coarse animal hair, including yarn waste but excluding garnetted stock (garnetted textiles are typically waste materials that have been reduces to a fibrous state for reuse in textile manufacturing) Garnetted stock of wool or of fine or coarse animal hair Cotton waste (including yarn waste and garnetted stock) Waste (including noils (short fibres), yarn waste and garnetted stock) of man-made fibres Used or new rags, scrap twine, cordage, rope and cables and worn out articles of twine, cordage, rope or cables, of textile materials Slag, dross (other than granulated slag), scalings and other waste from the manufacture of iron or steel Ash and residues (other than from the manufacture of iron or steel), containing arsenic, metals or their compounds ‘Other’, including unsorted waste and scrap. The five types of waste plastics that China is banning have China HS individual codes as shown as below: 3915100000 – Ethylene polymer scrap and waste 3915200000 – Styrene polymer scrap and waste 3915300000 – Vinyl chloride polymer scrap and waste 3915901000 – Polyethylene terephthalate 3915909000 – Other related waste (more…)
Jun 302017
Monday's new study greatly increases the potential for catastrophic near-term sea level rise. Here, Miami Beach, among the most vulnerable cities to sea level rise in the world. Photo by Joe Raedle/Getty Images In what may prove to be a turning point for political action on climate change, a breathtaking new study casts extreme doubt about the near-term stability of global sea levels. The study—written by James Hansen, NASA’s former lead climate scientist, and 16 co-authors, many of whom are considered among the top in their fields—concludes that glaciers in Greenland and Antarctica will melt 10 times faster than previous consensus estimates, resulting in sea level rise of at least 10 feet in as little as 50 years. The study, which has not yet been peer-reviewed, brings new importance to a feedback loop in the ocean near Antarctica that results in cooler freshwater from melting glaciers forcing warmer, saltier water underneath the ice sheets, speeding up the melting rate. Hansen, who is known for being alarmist and also right, acknowledges that his study implies change far beyond previous consensus estimates. In a conference call with reporters, he said he hoped the new findings would be “substantially more persuasive than anything previously published.” I certainly find them to be. To come to their findings, the authors used a mixture of paleoclimate records, computer models, and observations of current rates of sea level rise, but “the real world is moving somewhat faster than the model,” Hansen says. Hansen’s study does not attempt to predict the precise timing of the feedback loop, only that it is “likely” to occur this century. The implications are mindboggling: In the study’s likely scenario, New York City—and every other coastal city on the planet—may only have a few more decades of habitability left. That dire prediction, in Hansen’s view, requires “emergency cooperation among nations.” We conclude that continued high emissions will make multi-meter sea level rise practically unavoidable and likely to occur this century. Social disruption and economic consequences of such large sea level rise could be devastating. It is not difficult to imagine that conflicts arising from forced migrations and economic collapse might make the planet ungovernable, threatening the fabric of civilization. The science of ice melt rates is advancing so fast, scientists have generally been reluctant to put a number to what is essentially an unpredictable, nonlinear response of ice sheets to a steadily warming (more…)
Oct 282016
The Global Situation Landfill gases have an influence on climate change. The major components are CO2 and methane, both of which are greenhouse gas. In terms of global warming potential, methane is over 25 times more detrimental to the atmosphere than carbon dioxide. Landfills are the third largest source of methane in the US. Biomass derived CO and CO 2 from landfills is not “counted” as contributing to global warming by the world organizations. Globally, trash released nearly 800 million metric tons of CO2 equivalent in 2010 — about 11 percent of all methane generated by humans. The United States had the highest total quantity of methane emissions from landfills in 2010: almost 130 million metric tons of CO2 equivalent. China was a distant second, with 47 million then Mexico, Russia, Turkey, Indonesia, Canada, the United Kingdom, Brazil and India, according to the Global Methane Initiative, an international partnership of government and private groups working to reduce methane emissions. Our landfill problems contribute directly to climate change. As organic material such as food scraps break down in a landfill, they eventually release methane into the atmosphere. Methane from landfill sites account for 12% of total global methane emissions and almost 5% of total greenhouse gas emissions. The Personal Situation We all take out our trash and feel lighter and cleaner. This statement includes everyone in the world. But at the landfill, the food and yard waste that trash contains is decomposing and releasing methane, a greenhouse gas that’s 28 times more potent than carbon dioxide. Landfill gas contributes to smog, worsening health problems like asthma. The Solution Green Fire does not try to capture the gases of the landfill, we change the conditions of the dump to reduce landfill greenhouse gas emissions. Green Fire processes all hydrocarbons on the landfill reducing them to useful fuels. These fuels are used to generate electricity to feed back into the local grid. The byproduct from the gasification process is carbon. Carbon can be used to "quite" a landfill by spreading it on fires and spreading it to absorb a great many toxins. Green Fire Engineered Reclamation has developed new ways to reclaim and recycle waste by producing fuels to generate electricity and reusable raw materials from landfill waste. Green Fire and its "Green" and "renewable" resources doesn't produce pollution in the process of reclamation and making energy. Our "Green Power" has no environmentally-damaging (more…)