"Well, Fellow Reckoner, it’s been something of a sad week for proponents of Bitcoin… Would-be buyers of the fringy cyber experiment have had to watch as the price of their beloved currency shot to within (as of this writing) a few cents shy of $35 per coin. No buyer wants to see that kind of action…unless they are also an 'already boughter.'" Continue reading →
"Recently armed with $500,000 in seed funding and a partnership with Silicon Valley Bank, Coinlab, a startup based out of Seattle, is bringing its innovative Bitcoin project closer to the U.S. market. The deal brings over the North America-based book of Mt. Gox, one of the largest and most widely used bitcoin to currency exchanges. According to Coinlab CEO, Peter Vessenes, the book is worth nearly $500 million in annualized trade volumes, which he expects to grow nearly ten times over the next year. Silicon Valley Bank, a company that provides financial services to emerging growth companies, will be holding deposits of bitcoin and dollars for Coinlab." Continue reading →
"The state—the organization of the political means—is the institution that allows an idle, unproductive class of parasites to live at the expense of ordinary, working people, whose means are industrious activity and consensual exchange in the marketplace. We ought not assume, however, that the indigent segment of society, those who receive social welfare aid from the state, are necessarily foremost among the parasites of the political means. Rather, free-market libertarians have demonstrated that in the statist economy of theft and wealth redistribution, it is the elite—powerful, entrenched commercial players—who most benefit." Continue reading →
"It is unlawful for any record-keeper to disclose it has received a so-called National Security Letter. But under a deal brokered with the President Barack Obama administration, Google on Tuesday published a 'range' of times it received National Security Letters demanding it divulge account information to the authorities without warrants. It was the first time a company has ever released data chronicling the volume of National Security Letter requests. National Security Letters allow the government to get detailed information on Americans’ finances and communications without oversight from a judge. The FBI has issued hundreds of thousands of NSLs." Continue reading →
Last week I decided to have a conversation with the Counsel for the Accountability and Disclosure Commission about concerns I first disclosed in an editorial published in the Lincoln Journal-Star and reprinted here that I titled “Senator Jeremy Nordquist Listens to His Master’s Voice . . . But Who’s His [...]
This article Senator Nordquist Admits His Associations Appear Improper — Sorta appeared first on Grassroots in Nebraska.
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"If history teaches us anything, it is that inflation usually ends in violence. The Johannesburg-based economic research house ETM Analytics (www.etmstrategy.com), which has a strong Austrian bias, puts out a monthly 'riot alert' based on the speed with which countries are debasing their currencies. It has been scarily accurate in predicting where trouble is most likely to erupt. For all the press acreage given to the political causes of violence in countries like Syria and Egypt, it is difficult to side-step the obvious common denominator: inflation. A 10% rise in food prices can transform a hungry man into an angry man." Continue reading →
If you haven’t contacted your Senator about HB 4111 NOW is the time.. We don’t want to give them the excuse they did not know the wishes “of the people.” *The rules were suspended bumping up HB 4111 to a probable vote tomorrow MICHIGAN SENATE DAILY CALENDAR Wednesday, March 6, 2013… <<<<<<<<<< 9 >>>>>>>>>>> …
"Hundreds of thousands of people took to the streets of Lisbon and other Portuguese cities Saturday to protest against the government's austerity measures. The rallies were organised by a non-political movement which claimed 500,000 marched in the country's capital and another 400,000 in the main northern city of Porto. But the mood of the crowd was clearly political, calling for new elections with banners declaring 'Portugal to the polls!' and 'If you fall asleep in a democracy, you wake up in a dictatorship'. Another banner showed a picture of centre-right Prime Minister Pedro Passos Coelho with the caption: 'Today I am in the street, tomorrow it will be you.'" Continue reading →
"Italy's comedian turned protest politician, Beppe Grillo, has told German news magazine 'Focus' that he believes the country's political system could crumble within the year. 'I'd give the old parties another six months - then it will be all over here,' Grillo said in excerpts of the interview released on Saturday ahead of Focus' publication. 'Then they won't be able to cover pension payments or public sector salaries anymore.' Grillo, a populist who pledged a referendum on Italy withdrawing from the euro during the country's recent election campaign, said that Italy's national debt was becoming unsustainable and that its terms had to be renegotiated." Continue reading →
"The recovery exists only in the official measure of real GDP, which is deflated by an understated measure of inflation, and in the U.3 measure of the unemployment rate, which is declining because it does not count discouraged job seekers who have given up looking for a job. No other data series indicates an economic recovery. Neither real retail sales nor housing starts, consumer confidence, payroll employment, or average weekly earnings indicate economic recovery. Neither does the Federal Reserve’s monetary policy. The Fed’s expansive monetary policy of bond purchases to maintain negative real interest rates continues 3.5 years into the recovery." Continue reading →