Yearly Archives: 2013

IRS Needs AR-15′s For “Standoff Capabilities”?

"The IRS, which primarily acts as an audit agency, refuses to answer why its agents need AR-15s for 'standoff capability.' The IRS is not the only federal agency stocking up tactical weapons and training for paramilitary raids. Agencies like the Department of Education, the Social Security Administration, the Environmental Protection Agency, and the Internal Revenue Service continue to purchase large amounts of tactical weapons and ammunition to build up their law enforcement divisions." Continue reading →

Continue ReadingIRS Needs AR-15′s For “Standoff Capabilities”?

The FED’s Money Trap

"The Federal Reserve, and therefore the economy, is caught on the horns of a dilemma of our own making. ZIRP (zero interest rate policy) and the aggressive pumping of money (upwards of $85 billion a month) into the financial system have tripled our money supply. Housing is perhaps the canary in the coal mine telling us that things are not going well and danger is close by. Even with 3% 30-year mortgages and no money down, we have to go back to 1997 to see such such low levels of home ownership in America." Continue reading →

Continue ReadingThe FED’s Money Trap

Is the Gold Market Manipulated?

"By arguing whether or not gold manipulation exists, we may find that we are wasting our brain cells on the question. A better question, and one that we might choose to monitor on a regular basis, might be, 'To what degree is successful manipulation taking place?' We might then use the on-going answer as a guide, to inform our reasoning going forward, as to what impact any perceived manipulation is likely to have with regard to our precious metals investment." Continue reading →

Continue ReadingIs the Gold Market Manipulated?

Bees Brothers keep thriving and already mined their first Bitcoin

"Being homeschooled, the Huntzinger brothers had a lot of freedom to experiment within their new passion (creating their own recipes, for instance), until they discovered Bitcoin and the business got even more interesting. 'One of the reasons we chose to homeschool was to have the freedom to learn what the kids want and have fun doing it. Neither of us knows anything about cryptography, so we are having to learn it too, but hopefully soon they can teach themselves without us. This journey of learning about bees, starting a business, and now the world of cryptocurrency has been a great learning adventure for the whole family', explained the parents." Continue reading →

Continue ReadingBees Brothers keep thriving and already mined their first Bitcoin

Bitmessage: Choice Of A Rightly Paranoid Generation

"Bitmessage is an open-source communications protocol for keeping your email private. Unlike PGP and similar programs that hide just the content of messages, Bitmessage also hides metadata like the sender and receiver of messages. And unlike PGP, Bitmessage doesn't require that users manage public or private keys to use the system; Bitmessage uses strong authentication so that the sender of a message cannot be spoofed. Bitmessage is also decentralized and trustless, which means that you don't need to trust root certificate authorities or any third parties who, under legal duress from a government, might give up your data." Continue reading →

Continue ReadingBitmessage: Choice Of A Rightly Paranoid Generation

Bitcoin: Tax haven of the future

"Tomorrow’s tax havens could be fueled by new technology like Bitcoin and Litecoin — online currencies that can be used to purchase everything from coffee to illegal drugs. The problem for government coffers: There’s no mechanism to ensure that people who make money through such digital currency report the income to the IRS. In its fight against tax evasion, the U.S. is largely focused on shining a light into bank accounts held by Americans in other countries. But experts say the rise of Bitcoin, which doesn’t require a bank account, could force the U.S. to rethink its approach." Continue reading →

Continue ReadingBitcoin: Tax haven of the future

New York Banking Regulator Subpoenas Two Dozen Bitcoin Companies

"New York's top banking regulator has issued subpoenas to roughly two dozen companies associated with bitcoin as part of a wide-ranging inquiry into the business practices of the fledgling virtual-currency industry. The department also plans on Monday to issue a memo expressing concern that virtual-currency companies aren't complying with the state's money-transmission laws. As a result, the state is considering setting new guidelines that are specifically aimed at virtual currencies. Companies that received subpoenas include some of the best-known names in the nascent industry, including Coinbase Inc., BitInstant and Coinsetter." Continue reading →

Continue ReadingNew York Banking Regulator Subpoenas Two Dozen Bitcoin Companies

Entire New York Town Placed On Lockdown Over Police Standoff

"The entire upstate New York town of Bovina was placed on lockdown Sunday while police were engaged in a standoff with an armed man. A New York Alert notification was activated at about 2 p.m. Sunday, but a Delaware County Sheriff’s Office dispatcher said people in the town of Bovina were not in imminent danger and nobody was injured. There were no official details released about the man or why police were after him, the newspaper reported. Police officers were seen swarming on the ground as helicopters flew overhead, and residents were stopped by police and advised not to pick up hitchhikers, the paper reported." Continue reading →

Continue ReadingEntire New York Town Placed On Lockdown Over Police Standoff