Largest university in Cyprus to allow tuition purchases in Bitcoin

11:43 AM bitcoin, digital currency, education, tuition, university 1 Comment

The quickest way to change the minds of investors when it comes to the viability of Bitcoin is to have the digital currency suddenly be accepted in the mainstream.  That day has arrived in of all places Cyprus, where the the largest university in the Eurozone nation has officially announced that they will begin accepting Bitcoin as payment for the purchasing of tuition for their students.

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China markets on verge of bypassing dollar and selling oil futures in Yuan

11:41 AM china, dollar, futures, oil, yuan No Comments

A little over a year ago, China finalized an agreement with Russia where they would be allowed to purchase as much oil as they desired from the global energy titan, and pay in currencies other than the Petrodollar.  On Nov. 21, the 2nd largest global economy fired a new shot across America’s bow, and stands of the precipice of allowing oil to be bought on the futures market in Yuan, creating a direct conflict with dollar domination, and officially ending the petrodollar’s monopoly as the world’s sole reserve currency.

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Torrent web portal offers $75000 in Bitcoin for Bernanke’s head

8:40 AM assassinations, bernanke, bit torrent, bitcoin, fed, hire, web portal No Comments

The Arab Spring provided a taste of what happens to sovereign leaders when the people reach a tipping point and have nothing left to lose.  But in the West, assassinations are most often done through killings for hire.  And whether assassinations are paid for by a Federally backed agency (CIA), or through the myriad of contract mercenaries like the former company Blackwater, more often than not, the ones ordering the killing are never touched in an investigation, or even along the money trail.

But perhaps there is now a third option, and that is the public funding of assassinations.  In a new discovery found on a ‘dark web’ portal in the digital world of Bit Torrent, anonymous donors can offer bitcoin in a sort of ‘crowdfunding’ mechanism to hire killers to take out politicians, world leaders, and even, the head of the Federal Reserve.

 

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Stock market euphoria: Dow crosses 16000 and S&P; goes over 1800

8:38 AM all time high, dow, record, s&p 500, stock market No Comments

Quantitative Easing has reached its 2013 goals with more than a month to spare.  On Nov. 18, the Dow crossed over 16000 for the very first time, and the S&P 500 achieved 1800 as each exchange set new intraday records for stock prices.

The only numbers that matter today are 16000, 4000 and 1800: those are the Fed’s closing targets for the Dow Jones, the Nasdaq and the S&P. Following last night’s Chinese euphoria which saw the Shanghai Composite surge by 2.87%, or up 61.4 to just under 2,200 on renewed hopes for Chinese reform by 2020, the Fed’s price targets should all be quite easily achievable. - Zerohedge

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It’s official: Quantitative Easing is a failure

2:46 PM fed, federal reserve, gdp, inflation, qe, quantitative easing, unemployment No Comments

In late 2008, and a little ways past the start of the Great Recession, the Federal Reserve decided to introduce a new form of money printing known as Quantitative Easing.  In this new scheme to increase liquidity and attempt to stimulate the economy, the Fed began buying toxic assets from banks , while at the same time, allowing financial institutions to borrow money at near zero interest.  This combination was expected to ease the consequences of the 2007-2008 credit crisis, and to allow for banks to begin capital investments to both corporations and small businesses.

However, in the four years that this program has been operational, and with the central bank trying four different QE models, the results of their efforts are in, and their effects on the economy have proven to be an utter failure.

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Home ownership quickly becoming unaffordable as mortgages rise to 40% of household spending

11:21 AM home ownership, income, rents, spending No Comments

The bursting of the 2007 housing bubble occurred because of many factors, but a primary reason for the collapse was due to the inability of Americans to afford the cost of rising mortgage payments.  When the crash occurred, the average amount of household income being spent on mortgages and rents was at or above 40%, and it led to a wave of foreclosures that are still haunting the market to this day.

Yet thanks to Federal Reserve policies of Quantitative Easing, and the drive to re-create the housing bubble once again, history is now repeating itself as consumer costs for a residence, both in home ownership and in rents, are reaching that magical number of 40% just six years after the last crisis.

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You'd have to be on drugs to sign up for Obamacare

8:54 AM hippies, insurance, iq, millennials, obamacare 1 Comment

The 'community organizing' machine, otherwise known as the 21st century brownshirts, is trying hard to make Americans overlook the travesty that is Obamacare.  So to appeal to hippies and millennials, Obama's new marketing tool in the state of Oregon is focusing on how psychedelic health care can be, and using a parody of the LSD generation as the persuader.

I guess it is no wonder that the study showing American adults having an IQ below an AVERAGE human might actually be true if this is how the government believes you can be manipulated into purchasing their corrupt insurance scheme.

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Canada to open first 5 Bitcoin ATM’s as countries outside U.S. prepare for end of dollar

12:47 PM atm, bitcoin, canada, dollar, u.s. No Comments

This week, the Las Vegas based company, Robocoin, will be opening up five Bitcoin ATM machines that will have the capability of exchanging Canadian dollars for Bitcoins, and Bitcoins for Loonies.  The move is huge for the emergence of Bitcoin as it continues to extend into the mainstream, and offer an alternative for consumers as distrust of the U.S. dollar and world’s reserve currency grows.

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Guerrilla Economist: All Western banks are defaulting right now

3:16 PM bank, bank default, currency war, guerrilla economist No Comments

On Oct. 28, economist and former head trader for the Royal Bank of Scotland (RBS) issued a update on the state of the global financial system in which he declared that that every country is in a currency war frenzy, and that all institutions in the Western banking system are defaulting right now.

"What I am now going to state is going to shock you, the reason that every one in the west in involved in currency debasement/ currency manipulation is this: THE ENTIRE WESTERN BANKING SYSTEM IS DEFAULTING!!!! Yes you read that correctly, the west can no longer pay the piper and now they are going to debase their currencies in order to walk away form their debt obligations, making it easier for them to pay off their debt..."

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Underfunded pensions across the country begin to wreak havoc on retirees

3:10 PM detroit, pension, retirees, retirement No Comments

A proverb from a wise book once stated, the love of money is the root of many evils.  In the secular financial world, that same axiom is transposed into a secular understanding that reads, the control of money is the control of many evils.

Which is why many Americans across the country are beginning to experience the consequences of trust and reliance upon government agencies and financial institutions when it came to their retirement.  In new programs being implemented across several states, underfunded pension funds are being re-evaluated due to the substantial losses incurred by reckless fund managers, and it is the recipients, not the pension fund managers, who are being taxed and penalized with massive payback demands for money they may have received above their monthly allotments.

 

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