In the first half, V, the Guerrilla Economist, who has worked for some of the top commodity trading firms and investment banks, talked about the state of the economy and geopolitical climate. The US has learned nothing since the 2008 crash and bailout, he declared, and while he thinks the Dow will keep rising throughout the rest of the year (up to around 29,000), the "electronic duct tape" will no longer hold the system together, and there could be a big collapse. Only 3% of the money in the world is physical cash, while the rest is all digital, so in many ways we have already moved into a cashless society, he noted.
V praised cryptocurrencies such as Bitcoin and Ethereum as being a decentralized system that treats all its investors the same. These currencies are allowing people to unplug from "the biggest troublemakers in the world...the central bankers," he commented, adding that we are at the ground level of this phenomenon and it could be the next big phase of the Internet. In addition to high values for the Dow, Bitcoin, and the US dollar, in the next few months, he sees gold as a good investment, though there could be some volatility.
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In the latter half, tenured faculty member at Boston University, Robert M. Schoch, Ph.D., discussed his new book (co-authored with Robert Bauval), Origins of the Sphinx. The evidence indicates that the Sphinx goes back thousands of years earlier than the traditional Egyptological date of circa 2500 B.C., he cited. Schoch now concludes the Sphinx dates back some 12,000 or more years to the time of the last ice age. This corresponds to a time the ancient Egyptians referred to as Zep Tepi, a primordial golden age. The head of the current Sphinx is not the original one, he continued, and was re-carved in Dynastic times possibly to look like Khufu, the reputed builder of the Great Pyramid.
Shoch contends that a major cataclysm took place around 9700 BC, with coronal mass ejections (solar plasma) triggering volcanic activity, earthquakes, fires, and massive floods, and this wiped out the sophisticated ancient civilizations that had been flourishing. He also talked about a possible "Hall of Records" being hidden in the left paw of the Sphinx. If recovered, this could be one of the best archaeological finds of all time, containing treasures and secrets of ancient technology, he enthused. A hole could be drilled into the area with a small camera placed inside to view the chamber, Shoch said, adding that he was hopeful the new Egyptian government might be more amenable to such a project than the previous Mubarak regime.
News segment guests: Lauren Weinstein, Peter Davenport, Connie Willis
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