The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label commerce. Show all posts
Showing posts with label commerce. Show all posts

Wednesday, May 3, 2017

What happens with Bitcoin in Vegas, stays in Vegas as privacy benefits of crypto-currency shield consumer's vices

When used as originally intended, Bitcoin provides a way for users of the crypto-currency to conduct commerce where they are shielded from publicly scrutiny in their transactions.  And in a place like Las Vegas, where any and all vices can be purchased, more and more companies who traffic in vice are using Bitcoin as the means to protect their clients be they famous or common.

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Enterprising businesses and independent contractors in Las Vegas seeking to protect their clientele by hiding the paper trail of their expenses are using cryptocurrencies, including the popular bitcoin, in increasing numbers. 
Bitcoin and similar cryptocurrencies are being used in US gambling capital Las Vegas, Nevada, with ever-increasing frequency, as entrepreneurs and independents alike seek to take advantage of networked financial anonymity. 
While sex workers in the desert mecca of hedonism have been using bitcoin for several years, now businesses, including strip clubs, are implementing the cryptocurrency networks for anonymous transactions. 
Recently, Las Vegas's Legends Room strip club announced that it will not only take bitcoin as payment for all services, but will also create its own proprietary cryptocurrency for clients to use to make payments and also to trade or gift among themselves. 
By setting up their own cryptocurrency, Legends will enable clients to use networked anonymous financial transactions tied to the current exchange rate of bitcoins, which can then be rented or sold. 
"Liquidity: if you own a membership and want to sell it, you can just sell your tokens in an exchange," a club spokesperson told Ibtimes.com. 
Sex workers operating independently are using cryptocurrencies with increasing frequency as well, as the anonymity benefits a trade that finds it necessary to fly under the radar. - Sputnik News
While politicians and law enforcement try to use the argument that crypto-currencies are solely the purview of drug cartels and money launderers, the fact is that many everyday transactions by individuals constitute the need for privacy and/or anonymity, and thus Bitcoin satisfies this requirement no matter what a person may be looking for during a stay in Sin City.

Thursday, April 20, 2017

Jack Ma and Alibaba to spend nearly half a billion dollars to turn global retail into a cashless society

When most people think of a cashless society, they generally point towards actions being taken or discussed by government legislators, academics, and even central banks.  But it is not often that the move towards a completely digital economy is being undertaken by a free market enterprise.

Until now.

Ant Financial, which is a subsidiary of Jack Ma's online retail company, Alibaba, is looking to spend nearly half a billion dollars to entice businesses around the world to join his dream of creating a completely cashless retail environment.

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ALIBABA'S financial affiliate Ant Financial said it plans to spend 3 billion yuan (US$435 million) each year in the next two years to push forward the construction of a cashless society through partnership with various kinds of merchants and service providers. 
A total of 15 institutions became the first batch of members of the cashless alliance including the United Nations Environment Program and retailer Carrefour to help boost the adoption of cashless payment. 
Finnish mobile payment service provider ePassi and Australian payment firm Paybang also joined the alliance, which eventually hopes to include 30 million members covering 100 nations. - Shanghai Daily
Interestingly, the inclusion of the UN's Environmental Program to the partnership suggests highly that this vision is about much more than digital commerce, and perhaps is part of the elites goal of instituting a carbon credit monetary system as well as bringing about Agenda 21.

Wednesday, April 19, 2017

MIT Professor believes Bitcoin or other crypto-currencies could save financial system

The original idea and concept of Bitcoin was to create a de-centralized form of currency that could not be manipulated, devalued, or financialized by governments or central banks who throughout history have used the power to print money as the means to accumulate wealth and power at the highest levels.  And indeed, the very nature of the world's most current fiat monetary construct has done just that as less than 20 individuals hold more wealth than half the world's population.

This is why gold and silver are and were so important in the past because left to their own devices, they provided individuals, communities, and even nations a stable and often un-inflationary form of money that not only grew productivity, but kept a check on corrupt governments until they seized the power to either 'clip', or replace gold and silver outright.

But in the 21st century the world is rushing headlong into a new paradigm of digital money, and at stake is the age old battle over who controls the ability to 'print' that money.  And according to a Professor at MIT, the advent of Bitcoin or some other decentralized crypto-currency could be the answer to both improving and perhaps even saving the financial system.

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Simon Johnson, a professor at MIT’s Sloan School of Management, says some form of digital currency could fundamentally improve the financial system.
“How do you feel about the way that our existing financial system operates?” Johnson asked the audience at the Business of Blockchain conference, an event organized by MIT Technology Review. “I myself have a lot of concerns. The system we have is not robust—it almost collapsed in the fall of 2008 in the United States, the most sophisticated financial market in the world.” 
In theory, a cryptocurrency such as Bitcoin might make the financial system more stable by providing a way to monitor and trace transactions. Indeed, it may be no coincidence that the paper outlining the concept for Bitcoin was released in 2008, during the financial meltdown. The open-source code for the currency was released several months later, in 2009. Bitcoin was invented by the pseudonymous Satoshi Nakamoto, whose identity remains a subject of great speculation. 
Cryptocurrencies might also remove many of the hurdles that make it harder for poorer people to use the financial system, even in advanced countries, Johnson said: “It is absolutely shameful and really embarrassing that so many people in the United States—one of the richest counties in the history of the world—do not participate in the formal financial system." - Technology Review
In reality a completely Bitcoin based financial system would not be feasible as the 21 million total bitcoins ever to be mined would not fully support both a government and consumer's needs for over 200 countries.  However, a combination of an international trade currency, which would be designated for use by banks and governments only, coupled with a crypto-currency like Bitcoin for use by consumers and businesses that would not be allowed to be traded in financial markets, could solve many of the inefficiencies and corruptions that inevitably spawn over time from the use of a singular form of money.

As former President Calvin Coolidge once said, "The business of America is business", but what he really should have meant was that the government has no place in interfering with business and free markets.  And in a free market, money is determined to be what consumers and producers agree for it to be, and without interference from corrupt men and women who control the means of its production.

Wednesday, March 22, 2017

China's Silk Road project moves to cyberspace as official Belt and Road web portal goes online

Over the past few years China has been investing hundreds of billions of dollars (RMB equivalents), and working diligently towards resurrecting the ancient 'Silk Road' that was one of the greatest innovations in history for trade and commerce.  And as economic power continues to shift from West to East here in the early stages of the 21st century, China is using their Belt and Road initiative to connect the two by both land and sea.

Yet on March 22 we can now add a third conduit to the modern day Silk Road as China announced that they have officially opened their Silk Road website, and it will act as a portal to the world for investors, commerce, and up to the minute information.

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The official website of the Belt and Road Initiative (www.yidaiyilu.gov.cn) was launched Tuesday, offering information on investment policies and enterprises involved in the initiative, among other topics. 
The website, called the "Belt and Road Portal," also has an English version and is operated by the State Information Center.
The website aims to offer information in other languages such as Russian, French, Arabic and Spanish within this year, according to a statement on the website. 
The initiative, proposed by China in 2013, aims to build a trade and infrastructure network connecting Asia with Europe and Africa along the ancient Silk Road trade routes. - China Daily

Friday, March 10, 2017

The Live Free or Die state of New Hampshire looking at passing bill to de-regulate Bitcoin

Out of all the states in the Union, New Hampshire has long been known as the Northern rebel to the Federalization of the country that came following the end of the Civil War.  And with a state of motto of 'Live free or die', pockets of capitalists and anarcho-capitalists have flourished in New Hampshire as the state's laissez-faire mindset has allowed for more economic freedom than most.

So perhaps it is not surprising that the locale that was one of the original 'primordial soups' around the world for Bitcoin expansion is now pushing through legislation that would completely de-regulate the crypto-currency, and in essence promote its use in banking, commerce, and peer-to-peer financial transactions.

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Graphic use courtesy of Coin Telegraph
HB 436 was introduced, drafted and proposed by Keith Ammon, Barbara Biggie and John Hunt, who are early adopters and supporters of Bitcoin. In fact, Keith Ammon introduced many people to Bitcoin as early as May 2011, when Bitcoin wasn’t legal. 
Hunt played an important role in getting the bill passed by the House of Representatives, as he brought the bill out of committee, defended it with Ammon and ultimately convinced the House to pass the bill. Ammon is particularly dedicated to passing the bill in the state of New Hampshire due to his involvement with the New Hampshire Liberty Alliance, a nonpartisan coalition formed to increase individual freedom. 
One of the main arguments presented by Hunt and Ammon when defending the bill was that if the US government doesn’t consider Bitcoin as legal tender, it shouldn’t fall under the regulatory guidance designed for money transmission services or products. The bill read: 
“‘Virtual currency’” means a digital representation of value that can be digitally traded and functions as a medium of exchange, a unit of account, or a store of value but does not have legal tender status as recognized by the United States government.” 
If the bill is passed by the Senate within 60 days, or two months, New Hampshire residents will be able to utilize Bitcoin without being subjected to tight money transmission regulations or policies. While it is still unclear if this would allow businesses to refrain from collecting user identity and data for KYC regulations and AML purposes, it will grant users in New Hampshire financial freedom and privacy. - Coin Telegraph

Saturday, February 4, 2017

Bill being introduced in Utah would open state up for using gold and silver as money while creating a state depository

On Jan. 27, legislators in the state of Utah introduced a bill that would not only recognize gold and silver as money, but would open the door for its use in both public and private commerce.

House Bill 224 (HB224) would encourage the use of gold and silver as legal tender, and set the stage for expansion of gold repositories in the state and authorize further study on several sound money policies.

A bill introduced in the Utah legislature would build on the state’s Legal Tender Act, creating a foundation for further action to encourage the use of gold and silver as money, and take another step toward breaking the Federal Reserve’s monopoly on money. 
Rep. Ken Ivory (R-West Jordan) introduced House Bill 224 (HB224) on Jan. 27. The legislation would add several provisions to state law designed to encourage the use of gold and silver as legal tender. Passage would set the stage for expansion of gold repositories in the state and authorize further study on several sound money policies. 
Specifically, HB224 would authorize the investment of public funds in specie legal tender held in a commercial specie repository. Under existing code, “specie legal tender” means gold or silver coin and bullion. “Commercial specie repository” means an institution that holds or receives deposits of specie legal tender that is located within the state. Practically speaking, passage would give the state the option to hold funds in gold and silver instead of Federal Reserve notes. - Tenth Amendment Center

Wednesday, January 11, 2017

Forget Bitcoin, Swift may soon put the dollar itself on the blockchain

As financial institutions and think tanks work overtime to create new financial platforms using blockchain technology, one of the most unlikely of these announced on Jan. 12 that it is in the planning stages of creating a process to function in cross-border payments using the global reserve currency.

Known as SWIFT, or the Society for Worldwide Interbank Financial Telecommunications, it is the network that facilitates the exchanging of the world's currencies for dollars to aid in the function of global trade and commerce.  And in a release made on Wednesday the institution reported that they are planning on using blockchain technology to replace older infrastructures in their processes of servicing the global reserve currency.

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A global platform that connects the vast majority of the world's banks has begun building a blockchain application to simplify cross-border payments. 
Announced today, The Society for Worldwide Interbank Financial Telecommunication (Swift) is integrating open-source blockchain technology with its own products to build a proof-of-concept that might one day replace the so-called "nostro" accounts it keeps filled with cash all over the world - just in case they need it. 
If successful, the blockchain application has the potential to finally achieve a longstanding dream of Swift, to free up the cash stored in those accounts so it can be invested in more profitable measures. - Coindesk

Saturday, December 17, 2016

India's war on cash and gold through capital controls not as simple is it seems for the future of their economy

Many in the alternative media, including this author, have seen the outrage engendered by the Indian people over Prime Minister Modi's intrusive measures of capital controls where he has virtually declared war on both cash and gold.  And without a doubt, the attempts by Modi to wean the people off their long-standing traditions of a purely cash economy were done with little planning or thought of the consequences they would trigger.

But when you look below the surface you will find that this policy, albeit through a slower and more methodical way, may actually be necessary if not vital to the future of India as it attempts to grow its economy into an international power.

Since 98% of India's commerce is currently done using only cash, it is virtually impossible to determine the true amount of capital that would be available for the country to expand in both growth and investment since the majority of the nation's wealth resides outside their financial system.  And this has been one of the reasons why India has acted primarily as the world's labor pool rather than as a true economic power.

Yet despite their large GDP which ranks them number seven in the world, they still remain behind economies such as China, the EU, the U.S., Hong Kong, and even Russia in growth potential.

Make in India

Earlier this year Prime Minister Modi created a program to try to entice business creation and expansion into India, using their relatively well educated and vast labor pool as the sweetner.  And this move was to try to end a long-standing trend where most of the best and brightest inevitably left India for better opportunities in Europe, Asia, and the U.S..

However, Modi's Make in India program has accomplished only minimal results at best, and in part this has been due to their antiquated financial system, and the fact that most workers expect to be paid in cash rather than through a formal banking mechanism.

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The Indian economy is at a critical inflection point in its modern history. India’s GDP growth has accelerated to become the fastest of all major economies in the world, with income levels today at China’s c.10 years ago, it is expected that India is now the next big story. Given its favorable demographics and other resources, India has the inherent drivers to sustain 7-8% growth over the medium to long term and the potential to achieve 10%. 
An India that can sustainably harness its core assets and create new ones has the potential to emerge as one of the key drivers of growth and stability in a world faced with increasing global economic and geopolitical uncertainty. In order to attain this position, however, India will need to do what China has historically excelled at, creating significant population-wide savings and channeling these into (reasonably) efficient assets to deliver competitive returns. Doing this requires a robust financial machine ready to finance the nation’s growth. 
Despite the significant growth and evolution of its financial services industry, India’s financial sector continues to be hamstrung by major structural inefficiencies, including an old fashioned state-dominated banking system and, despite increasingly aggressive changes, a lack of financial inclusion for large parts of the population. It is a sector in need of a new vision as the basis of a restructuring so it can play its part in India’s new growth story. 
Recent years have seen a concerted effort by both the Reserve Bank of India (RBI) and the Modi-led government to rapidly grow financial inclusion and bring more and more of India’s poor into the formal banking system. The country’s technology sector has also made a significant contribution by developing delivery systems that reduce transaction costs and spread access by leveraging growing smartphone penetration. 
However, as various factors including the large pile-up of stressed assets in the banking system, the sharp slowdown in industrial credit growth and other measures of inefficiency of the financial system indicate, India still faces significant challenges in creating an effective financial system if it is to stride more aggressively towards its potential. 
While addressing these challenges will undoubtedly be a painful process and require the expenditure of political capital, the prize is significant: potential incremental growth of 2-3% p.a. would set India’s growth on the path to achieve the double digit levels necessary to replicate China’s economic miracle. - Great Pacific Capital
India is hamstrung by the fact that they are a nation steeped deeply in tradition, and it takes decades if not centuries for serious changes to occur.  And this is why Modi's recent move to ban certain denominations of the Rupee in a very short amount of time has resulted in the population rebelling against the policy, and entrenching their distrust in banks to even greater levels.

It is a difficult act to change the confidence of a people in an institution when their natural reaction is to go on the defensive, especially when that policy is instigated from a government that has a history of corruption.  Yet if India is ever going to move ahead and reach their full potential in the global economic system, then both the people and the government will have to find some way to compromise, otherwise India will remain simply a labor pool for the world's other economic powers, and continue to be considered only a second world economy which helps grow the overall wealth of everyone else.

Tuesday, August 23, 2016

State of Arizona convenes exploratory committee to look at creating a gold standard through issuance of gold bonds

Over the past few years, a number of states such as Texas and Utah have created their own public/private gold depositories with the purpose of allowing their citizens to transfer their U.S. dollars into physical gold that can be used and spent in everyday commerce.  And earlier this month, an exploratory committee in the Arizona legislature convened a meeting to discuss how they too could facilitate a future gold standard through the issuance and sales of gold backed bonds.

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The Arizona House of Representatives has convened an Ad Hoc Committee on Gold Bonds. The purpose is to explore if and how the state could sell a gold bond. 
This is an exciting development, as the issuance of a gold bond would be a major step towards a working gold standard. 
OPEN TO THE PUBLIC 
HOUSE AD HOC COMMITTEE ON GOLD BONDS 
Date: Thursday, August 11, 2016    Time: 1:00 P.M.    Place: HHR 3 
AGENDA
1.
Call to Order
2.
Introduction of Committee Members
3.
Review of Committee Charge
4.
Presentation:
·   Dr. Keith Weiner - How Gold Bonds Can Benefit the State of Arizona
5.
Committee Discussion
6.
Public Testimony
7.
Future Meeting Date
8.
Adjourn


Friday, March 4, 2016

Bitcoin: first they ignore you… then you win

The great civil rights activist Mahatma Ghandi once said, first they ignore you, then they laugh at you, then they fight you, then you win.  And for the Bitcoin community, the day of capitulation by the banks may have finally arrived as a new report out shows that 40 of the world’s top financial institutions are deep into research to use the blockchain technology that underwrites the Bitcoin currency.
And perhaps most ironic in these revelations is the fact that for several years, banks have been vilifying Bitcoin and trying to use every means possible to deter or destroy its use in the global financial system.

Tuesday, February 16, 2016

Oklahoma to offer bill to create a new gold bullion depository to facilitate use of gold and silver

Back in 2014, Oklahoma joined three other states in recognizing gold and silver as legal tender (money), and on Feb. 1, the state legislature created Bill SB1296 to formulate plans to create a sovereign bullion depository under the office of the Treasurer to help facilitate the use of gold and silver in commerce and trade.


OK SB1296
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 1 2016 - 25% progression
Action: 2016-02-02 - Referred to Appr/Sub-General Government and Transportation
Pending: Senate Appropriations General Government and Transportation Sub Committee
Hearing: Feb 17 @ 7:00 pm in Room 419-A & B
Text: Latest bill text (Introduced) [PDF]
Summary
Oklahoma Bullion Depository; establishing Depository in Office of State Treasurer; providing procedures. Effective date. - Legiscan

Monday, August 10, 2015

Australia begins looking at Bitcoin to become equivalent to paper money

As the world has gotten a front and center seat to the decline and collapse of the Greek financial system, one nation is seeking to change the way their economy views money.  And in a move that would test the legitimacy of digital currencies as a recognized medium for trade and commerce, Australia on Aug. 4 is pursuing the option of making Bitcoin on par with theirs and other currencies in both taxation and the purchasing of goods and services.



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