Network Archives

‘Robin Hood’ band of ‘left-wing activists’ nabs school supplies from shop

"A Robin Hood-style band of Spanish left-wing activists openly stole cart-loads of school supplies from a supermarket on Friday, promising to distribute them to needy children. More than 200 members of the Sindicato Andaluz de Trabajadores (Andalusian Union of Workers) emerged from a Carrefour supermarket in the southern city of Seville pushing about 10 shopping carts brimming with exercise books, pens, felt-tips and dictionaries. They loaded the back-to-school supplies into vans and left. School materials 'expropriated' this time would be given to needy families in the next few days, the union said in a statement, describing it as a 'symbolic act for equal opportunity'." Continue reading →

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It’s Official: New OVDP program designed for Swiss Banks

"The U.S. is clearly on a mission to confiscate assets throughout the world. In the beginning, there was OVDP for individuals. Now we have OVDP for banks. Coming soon, OVDP for financial advisors. Soon, we will all become Whistleblowers. The solution to this is for the U.S. to simply absorb all the other sovereign nations of the world. Once we become one country, there will be no more 'offshore accounts'. But, how would fines be imposed then? Conclusion and message to U.S. citizens abroad … You better enter OVDP before your bank does!" Continue reading →

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How Do You Like Your Central Planners, Bookish or Flamboyant?

"I knew Yellen in grad school and have encountered Summers in person, and I agree fully with these characterizations. But the Economist’s editorialist misses entirely the bizarre, indeed grotesque, context of this discussion. The Fed is the world’s most powerful government economic planning organization and its decisions affect the lives and prosperity of millions, if not billions. All this will hinge on the personality of one person? How about a system in which authority is decentralized, power is limited, and nobody cares who calls himself 'Fed Chair'?" Continue reading →

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Fixing the fast-food strike

"If you are one of the concerned, caring, and vastly indignant activists behind this strike, I’m here to tell you that your social-justice problem has a simple solution. Take out a loan (or put together the money from your like-minded activist friends), buy a franchise from one of the chains, and hire workers at $15 an hour. There, that was simple, wasn’t it? You’ll make money hand over fist and demonstrate to all those eeevil corporations that they can too pay a 'just wage'; they just don’t want to because they’re greedy. The commercial landscape would be alive with virtuous workers’ collectives paying their members fat wages and thumbing their noses at top-hatted plutocrats. Why doesn’t this happen?" Continue reading →

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The More Attention on The Next Fed Chair, The Better!

"The head of the AFL-CIO and Bette Midler are making Fed Chair endorsements??!! That has to make the establishment's skin crawl! People are talking...and that's not good for The Fed. The more that people talk, the more they will find out...or hopefully want to find out. Senator Barry Goldwater once said 'Most Americans have no real understanding of the operation of the international moneylenders. The bankers want it that way.'" Continue reading →

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How to Make More Money than a Venture Capitalist

"I've taken to calling them growth capitalists (GCs), since that's what they do: fund startup companies through the all-important rapid-growth periods. Instead of placing thousands of bets on charismatic founders with a slide deck and a dream, growth capitalists focus on a different niche: profitable or near-profitable companies with rising revenues that need access to significant capital to grow to the next level, but are too small for public stock or bond offerings. By doing so, they've actually taken a page right out of the VC playbook. Chasing the 1,000x return grand slams, most venture capitalists aren't interested in dealing with companies that are already established—even ones they funded early on." Continue reading →

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So you want to invent your own currency

"Our ability to exchange without knowing where things come from blinds us to the real core of the economy: not money, but the physical things we must wrench from the ground by human effort, which is underpinned by agricultural systems, and energised by sunlight, water and soil. The more we abstract and fetishise money as a thing in itself, the more we lose sight of its sources and its goals. We get confused, and feel disempowered relative to those who wield larger flows of it. Sealed off from inquiry in its hermetic shell, money distorts our perceptions of one another. We can’t seem to remember that it is merely one means of exchange among many." Continue reading →

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Bitcoin-friendly Internet Credit Union suddenly dumps accounts: ‘regulatory issues’

"The Internet Archive Federal Credit Union, an experimental financial institution run by the eponymous nonprofit that archives web history, has established itself as a Bitcoin haven. In contrast to traditional banks, which snubbed businesses built around the virtual currency, the IAFCU basically put up a Bitcoin welcome sign. 'These are not drug dealers, money launderers, or whatever. These are average folks,' IAFCU CEO Jordan Modell told Wired. That all changed yesterday, however, when the credit union announced it will be dumping its Bitcoin clients." Continue reading →

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10 Small or remote places that have embraced Bitcoin

"World travelers may occasionally find themselves in a beautiful but also small and remote location and go through the difficult experience of having to deal with foreign currency. But what if there was a business around the corner that accepted Bitcoin? That would completely change the way you live your adventures. Well, in some cases this can happen, as there are actually remote places that know and have embraced cyptocurrency. In other cases, Bitcoin is a reality, but is still waiting to be accepted." Continue reading →

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Understanding & How To Avoid Bank Fees While Traveling

"It is important to understand & learn how to avoid bank fees while traveling. Avoiding credit card fees, currency exchange fees, and foreign transaction fees while traveling overseas is important in order to save money for more trips and adventures. In this travel tips post we are going to cover the main fees charged by banking and credit card institutions. The fees can be broken down into three types; ATM withdrawal fees, foreign conversion fees (which can also be tied into credit card fees), and exchange rate fees. Its quite easy to avoid paying bank fees while traveling once we understand the structure of how banks charge customers for service." Continue reading →

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