Yearly Archives: 2013

The Future of Building Your Own Guns

"As more ridiculous anti-gun laws continue to be passed, the future of DIY gun building and parts is looking better all the time. People should always be able to go to the gun store and purchase fully-assembled guns. But, doing this could subject you to invasive scrutiny from government, higher prices, higher taxes, or flat-out denial based on variety of fabricated reasons. On demand CNC parts and 3-D printing services will soon bring the art of building your own guns to a whole new level." Continue reading →

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Bill Bonner: No Real Recovery Without “Hitting Bottom” First…

"The fireworks in the gold market are still, probably, far ahead. You'll hear the explosions when consumer prices begin to rise. And that won't happen for a while. And here is where the story gets interesting... and hard to follow. The bond market has turned. This could push the economy into a deeper funk unless growth starts to pick up. But it could be years before the new trend is firmly established. We remember the last turn... in the early 1980s. Paul Volcker announced it in 1979. But it was almost four years before investors fully absorbed the news." Continue reading →

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Gold in them bits: Inside the world’s most mysterious Bitcoin mining company

"This is the first in a two-part series exploring Butterfly Labs and its lineup of dedicated Bitcoin-mining hardware. In part one, we look at the company and the experiences customers have had with it. In part two, to be published on June 29, we share our experiences running a Bitcoin miner for a couple weeks. Spoiler alert: we made money." Continue reading →

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Elite Body Sculpture Becomes World’s First Cosmetic Surgery Center to Accept Bitcoin

"Bitcoin, the world’s first peer-to-peer digital currency is now being accepted by cosmetic surgeon to the stars, Dr. Aaron Rollins, at his Elite Body Sculpture centers in Beverly Hills and Sacramento. Elite Body Sculpture is excited to be the very first cosmetic surgery center to accept this form of cutting edge payment. Bitcoin is the newest frontier in currency—decentralized and unbound by any country. This purely electronic system allows anyone to send a payment, anywhere in the world, for little or no cost. Secure and internationally accepted, Bitcoin is being rapidly adopted by pioneering users and businesses around the world." Continue reading →

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Survey: Quarter Of US Consumers Has Heard Of Bitcoin — And Majority Of Them Trust It

"When it comes to trusting Bitcoin, U.S. consumers also lag their Argentinian and British counterparts, but trust levels are still apparently running high among U.S. Bitcoin-aware. The survey found 62% of U.S. consumers who are Bitcoin-aware said they trust the currency, vs 73% of Bitcoin-aware Argentinians and 69% of Bitcoin-aware Brits. Greater awareness of Bitcoin appears to help foster greater levels of trust, as you might expect. Trust in Bitcoin is still relatively low when compared to trust in national currencies. Unsurprisingly, Argentinians also come out on top as most likely to trust Bitcoin more than their national currency." Continue reading →

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India central bank red flags ‘virtual currency’

"The Reserve Bank of India has expressed concern over the rise of 'virtual currencies' which are the likes of bitcoin. Virtual currencies or crypto currencies have also come under the focus of the police. In its financial stability report, RBI has for the first time raised the issue of virtual currency in India. 'The unregulated link between virtual currency (if permitted), and traditional currency with a legal tender status poses challenges as the complete control over the differently denominated virtual currency is given to its issuer, who governs the scheme and manages the supply of money at will,' RBI said." Continue reading →

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Brazil Millionaires Should Pay for Protest Demands, Party Says

"Brazil’s ruling party is reviving a proposal to tax millionaires’ wealth to help pay for measures demanded by protesters staging the largest demonstrations in two decades. The move is part of a congressional rush to pass laws that placate demands from protesters for cheaper transportation, better education, and less corruption. Over the past three weeks, more than 1 million Brazilians have taken to the streets. The proposal, which has been considered for at least 25 years, came back to life as pressure for more spending coincides with a tighter budget. President Dilma Rousseff’s Workers Party, known as the PT, agreed this week to push for the approval of the bill." Continue reading →

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IRS Deputy Won’t Testify Before Congress on Awards to Friend

"An Internal Revenue Service deputy director whose office awarded more than $500 million in contracts to a friend’s technology company wouldn’t testify before a congressional committee. Greg Roseman was subpoenaed to appear today before a U.S. House committee investigating how Strong Castle Inc., a small business formed in late 2011, managed to attract so much contract work in such a short time. At a House Oversight and Government Reform Committee hearing, he declined to answer questions about his relationship with Braulio Castillo, president of Washington-based Strong Castle." Continue reading →

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David Gregory Does Some Hard-Hitting News Coverage

"While I'm not a big fan of Frank Rich, I did enjoy his absolutely devastating stream of insults hurled at David Gregory, the NBC 'journalist' who accused Glenn Greenwald of being a traitor. Rich then linked to this video of David Gregory showing his great journalist chops by dancing with Psy, Gangnam Style. Rich is wrong that there's anything bad about dancing with Psy, who is a better human being than any member of Congress. The truly revealing video of David Gregory is this one in which he is dancing and yukking it up with Karl Rove. We're supposed to believe that Gregory will deliver hard hitting journalism about people Gregory gets drunk with?" Continue reading →

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How Thieves and Terrorists “Apologize” to their Victims

"Public outrage over recent revelations of IRS corruption and abuse has prompted Nina Olson, employed by the agency as its 'National Taxpayer Advocate,' to suggest making 'apology payments' of $1,000 to taxpayers who have been mistreated. If adopted, Olson’s plan would cap payments at a total of $1 million a year. To understand the magnitude of the insult offered by Olson’s proposal, consider a recently publicized IRS conference that took place in Atlanta in 2008. The cost of that single event was $2.4 million – more than twice the amount proposed by the IRS to buy off public outrage over their profligacy, corruption, and state-sponsored terrorism." Continue reading →

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