Who Needs Bitcoin? Venezuela Has Its ‘Sucre’

"The late Venezuelan president created the sucre, a virtual currency designed to dethrone the dollar as the main trading currency used with his country's regional trading partners: Ecuador, Cuba, Bolivia and Nicaragua. The sucre is managed by a board of central-bank representatives, which has helped bolster its use. Ecuadorean companies exported $737 million worth of goods to Venezuela using the sucre system in the first nine months of 2013, an 80% increase from the same period in 2012, according to Ecuador's central bank. That growth has drawn attention from the country's regulators, which are cracking down as fraud involving the virtual currency rises." Continue reading

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‘The Hazards of Lending to Bitcoin Users’

"Creditors are likely more concerned with restricting Bitcoin acquisition or use by borrowers due to the uncertain regulatory landscape, irreversible nature of payments, extreme volatility of value and anonymity of the system. Thus, credit agreements may contain covenants prohibiting borrowers from using or accepting Bitcoin, or operating Bitcoin accounts. In addition, diligence questionnaires and credit agreements may contain representations and warranties that the borrower does not use or accept Bitcoin, nor does the borrower have a Bitcoin wallet. Such provisions are just beginning to appear in credit agreements when use of an emerging payment system is apparent." Continue reading

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Taiwan Welcomes New Year with Bitcoin Warning

"The Financial Supervisory Commission of the Republic of China and the Central Bank of the ROC have issued a joint statement warning against the use of bitcoin in Taiwan. The regulators said bitcoin remains volatile, that it does not have any legal protection, and that it is not issued by a monetary authority. The regulators noted that bitcoin trading is highly speculative and that investors should be wary of volatility, cyber attacks, malicious defaults, theft and other risks. The regulators also announced that they may take 'necessary steps' if financial institutions engage in bitcoin operations." Continue reading

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Insatiable appetite for gold fuels India’s smuggling industry

"Indian gold smugglers are adopting the methods of drug couriers to sidestep a government crackdown on imports of the precious metal, stashing gold in imported vehicles and even using mules who swallow nuggets to try to get them past airport security. Stung by rules imposed this year to cut a high trade deficit and a record duty on imports, dealers and individual customers are fanning out across Asia to buy gold and sneak it back into the country. Sri Lanka, Thailand and Singapore are the latest hotspots as authorities crack down on travellers from Dubai, the traditional source of smuggled gold." Continue reading

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Debt hits 200-year high; IMF warns of ‘savings tax’ and mass write-offs

"Much of the Western world will require defaults, a savings tax and higher inflation to clear the way for recovery as debt levels reach a 200-year high, according to a new report by the International Monetary Fund. The IMF working paper said debt burdens in developed nations have become extreme by any historical measure and will require a wave of haircuts, either negotiated 1930s-style write-offs or the standard mix of measures used by the IMF in its 'toolkit' for emerging market blow-ups. Financial repression can take many forms, including capital controls, interest rate caps or the force-feeding of government debt to captive pension funds and insurance companies." Continue reading

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Four sites that monitor Japan Fukushima Radiation

Four Sites Where You Can Monitor U.S. Radiation Levels 18 comments, 10 called-out Comment Now Follow Comments EPA’s map of U.S. radiation monitoring stations EPA map of U.S. radiation monitoring stations UPDATED with a fourth site, EPA’s RadNet Lab Open Data system. Radiation from Japan’s Fukushima nuclear disaster has been detected in the air in […]

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Americans are free — Really? — Do you own your home or are you renting it from the government?

It is a sad commentary on our existence as a free and prosperous country that we have our former enemy have a sincere wonderment of how our apathetic attitude toward acceptance of our own demise we are willing to accept. We have allowed the political elite to erode our liberties and freedoms that in a […]

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Potasium Iodide — How to Treat Radiation Poisoning!

Home Food Drugs Medical Devices Radiation-Emitting Products Vaccines, Blood & Biologics Animal & Veterinary Cosmetics Tobacco Products Drugs Home Drugs Emergency Preparedness Bioterrorism and Drug Preparedness Emergency Preparedness Bioterrorism and Drug Preparedness Anthrax Plague Radiation Emergencies Chemical Agents Regulatory Information for Counter-Terrorism Drug Development Vaccine Information Pediatric Counter-Terrorism Measures - Frequently Asked Questions on Potassium […]

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Why I’m Leaving

"My grandparents emigrated from Portugal to Mozambique during the 1940s and 50s in search of a better life. The massive and undeveloped colony seemed like the land of milk and honey for those willing to get their hands dirty. A few decades later my parents-to-be immigrated to South Africa as Mozambique headed towards what would become a 10-year war for independence. Then when I was just 4 years old they decided that a fascist state fully enveloped with the evils of apartheid was no place to raise a child. My mother was fortunate enough to get a work visa into the United States and that’s where we’ve been ever since. Now the time has come for me to follow in my family’s footsteps." Continue reading

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Radiation Alert Pay attention America

ALL AMERICANS TAKE HEED TO THIS ‘WARNING’ !!!!!!!!!!!!!!!! http://beforeitsnews.com/health/2013/12/whens-it-time-to-leave-west-coast-andor-the-northern-hemisphere-due-to-fukushima-radiation-2517376.html FUKUSHIMA RADIATION ALERT: When It’s Time To Leave West Coast And/Or The Northern Hemisphere Tuesday, December 31, 2013 13:46 According to several recently released stories, within the next few days a toxic cloud of radiation could be arriving upon the West Coast of America, necessitating that […]

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