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 transactions. Show all posts
Showing posts with label transactions. Show all posts

Wednesday, February 15, 2017

Bitcoin use surging in countries who have bad monetary systems, or large outdoor market environments

The tale of Bitcoin and other crypto-currencies has become two-fold.  First, it is a potent medium of exchange for high net worth individuals who want to transfer wealth from one currency to another. And secondly, it has functioned as originally intended in places like Venezuela and Morocco, where governments have either destroyed their own sovereign currencies through bad monetary policies, or where large outdoor markets facilitate the use of cash in the majority of their transactions.
On February 2, Venezuela's leading bitcoin exchange, SurBitcoin, was forced to suspend operations when its bank account was revoked. According to Rodrigo Souza, who runs SurBitcoin's trading platform, the bank closed the account in anticipation of a nationwide crackdown on bitcoin use in Venezuela after the police raided a warehouse with 11,000 mining computers. SurBitcoin is in talks with other banks, and hopefully it will be operating again soon. 
As he predicted, SurBitcoin's closure has led to a surge in peer-to-peer trading. LocalBitcoins, a site where users connect to buy and sell bitcoins, makes its trade volume public through an API. (See the chart below.) Last week, 464 bitcoins were exchanged in Venezuela on LocalBitcoins, the equivalent of nearly $470,000 dollars based on today's price. That's close to a 50 percent increase in volume since SurBitcoin stopped operating. (LocalBitcoins' previous trading volume peak was 377 bitcoins the week of October 15, 2016, but, at the time, bitcoin was worth almost 40 percent less than it is today.) - Reason
LocalBitcoins Venezuelan volume (BTC) |||

Bitcoin and other cryptocurrencies use are spreading rapidly in the Kingdom of Morocco on the blind side of the global Satoshi community. Professional crypto trader and developer, Aziz Elmi estimates that more than $200,000 of Bitcoin trading is done daily under the radar in his native Morocco. 
Elmi is a leading member of the crypto community in his country with a huge following and the main developer of AtlasCoin, one of Africa's only two cryptocurrencies. He is positive Morocco has a lot to offer to the digital currency world.
Morocco's unwillingness to open up enough to the rest of the world may account for the silent revolution that is going on there. Some pundits think Morocco might be ahead of some of the countries in Africa. Morocco is perceived as leaders in Bitcoin adoption, like Kenya, Ghana and even Nigeria. 
There is the general confidence in the Moroccan cryptocurrency community that there is great potential in their IT arena, especially in cryptocurrency coding and trading. This combined with the huge investments they are making will advance the Kingdom to be at the forefront of adoption in Africa, if the government will regulate the sector fairly. 
“More people and merchants are gradually integrating Bitcoin and other altcoins in their daily lives by accepting payments via Bitcoin. We believe the government should, therefore, intervene accordingly so as to regulate the circulation of Bitcoin reasonably," Elmi proposed. - Coin Telegraph
Bitcoin was created as a way for individuals to function in the global financial system without having to deal with devaluing sovereign currencies, or centralized control over money by governments and central banks.  And in the end crypto-currencies like Bitcoin and others will flourish more in most non-G20 economies, and most likely could have aided individuals in places like Cyprus and Greece when their own banking systems and economies collapsed over the past seven years.

Wednesday, July 13, 2016

European Union wants to now monitor all Bitcoin transactions when used within Eurozone

As the financial and banking systems begin to implode all across the Eurozone, a new proposal by the European Commission (EC) seeks to dissuade the use of Bitcoin as an alternative to devalued fiat currencies by attempting to monitor all customer transactions under the guise of ‘terrorism and money laundering’.
Bitcoin is crypto-currency which was created to allow de-centralized commerce between two parties, and outside the purview of government and central bank control.  And its rise in popularity has caused fear within the establishment which has sought to both label it a security rather than a currency, and in using propaganda such as ‘only criminals use Bitcoin’ to scare average people from investigating and moving into the digital money.
bitcoin
Read more on this article here...

Thursday, October 20, 2011

Cash is no longer king... at least in Louisiana

Money is an article based on confidence, and our government and Federal Reserve pull out all the stops to try to ensure to Americans, and the world that the dollar is still worth its value.  However, in the state of Louisiana, the actual dollar bill no longer a viable currency to be used in second hand transactions, and cash is no longer king.

House bill 195 basically says those who buy and sell second hand goods cannot use cash to make those transactions, and it flew so far under the radar most businesses don't even know about it.
 "We're gonna lose a lot of business," says Danny Guidry, who owns the Pioneer Trading Post in Lafayette. He deals in buying and selling unique second hand items.
 "We don't want this cash transaction to be taken away from us. It's an everyday transaction," Guidry explains.
 Guidry says, "I think everyone in this business once they find out about it. They're will definitely be a lot of uproar."
 The law states those who buy or sell second hand goods are prohibited from using cash. State representative Rickey Hardy co-authored the bill.
 Hardy says, "they give a check or a cashiers money order, or electronic one of those three mechanisms is used."
 Hardy says the bill is targeted at criminals who steal anything from copper to televisions, and sell them for a quick buck. Having a paper trail will make it easier for law enforcement.
 "It's a mechanism to be used so the police department has something to go on and have a lead," explains Hardy. - KLFY.com

The Daily Economist is going to make its own speculation on this new law.  As people begin to lose trust in banks and the solvency of the financial system, more and more people will be seeking purchases or barter without the government putting their hands into their business, for recording or taxation purposes.
The economic crisis wasn't created by the people, but by the banks and government agencies.  Now the government of Louisiana doesn't want to own up to who is responsible, and instead will implement draconian laws on the people of the state for simply spending the valid and recognized currency of the country.