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How Bitcoin Is Saving Lives in Venezuela

“Many people in Zimbabwe don’t have bank accounts. But a growing number own smartphones. And that’s all you need to buy bitcoin. But this isn’t just happening in Zimbabwe. The people of Venezuela are becoming increasingly desperate. And many are buying bitcoin to survive. That’s because bitcoin doesn’t lose value by the day like the bolivar, Venezuela’s currency. Instead, it becomes more valuable.”

ECB wants to end deposit insurance, offer savers ‘appropriate amount’

“Covered deposits no longer need to be protected, according to the European Central Bank (ECB), which has proposed this month to stop withdrawals when a bank is on the verge of failing. It has suggested the current €100,000 (£85,000) deposit level currently protected in the event of a bail-in would no longer be available.”

Purged Saudi royals must cough up 70% of their wealth to be freed

“Riyadh seems to have found the way to curb the budget deficit caused by lower oil prices. As the Financial Times report, Saudi officials are offering the arrested royals a deal – pay up to 70 percent of your wealth and go free. The Saudi government could appropriate hundreds of billions of dollars from the arrested to refill depleted state reserves, according to the media.”

James Corbett: The Saudi Purge is a Global Crisis

“The House of Saud is in crisis as MBS consolidates his hold on the kingdom and prepares to transform Saudi Arabia in his image. But what is behind the purge, and how does it relate to the future of the world monetary system. Join James for a classic Corbett Report debriefing on the Saudi purge and the rise of the petroyuan.”

IRS To Extract $207 Billion From Small Businesses By Enforcing Obamacare

“The employer mandate is lucrative for the government. It is expected to bring in penalty payments of $207 billion over the next decade, according to projections by the Congressional Budget Office. Businesses will generally incur fines of around $2,000 per employee (excluding the first 30) if they do not offer qualifying coverage to nearly all of those who work an average of 30 or more hours a week. The penalty is activated if at least one employee then buys insurance on the health law’s marketplace and receives a subsidy for it. The per-employee fine increases each year, and can add up quickly: A company with 100 workers that ignored the law this year would owe a penalty of more than $158,000.”

Pre-Internet Laws Are Jeopardizing Today’s Electronic Privacy

“Under the 1986 law, email that has been stored for 180 or more days is considered to be ‘abandoned’ and can be perused by federal authorities sans a warrant. But in an era of cloud computing and services like Dropbox, most Americans certainly would beg to differ that any emails stored online had been abandoned.”

Cop Arrested for Tampering With Breathalyzers In 20,000 DWI Cases

“The state police have insisted the part of the calibration process that Dennis skipped is ‘legally required but not scientifically necessary.’ However, legal experts have voiced concerns about how important every part of the calibration process is, saying that these measures are ‘legally required’ for good reason. Just a small percentage point on a breathalyzer could mean the difference between freedom and imprisonment.”

Trump’s holiday gift is more invasive airport security

“On the campaign trail last year, Donald Trump derided the Transportation Security Administration as a ‘total disaster.’ But his administration is making TSA more intrusive and abusive while its 42,000 screeners remain as incompetent as ever. New TSA screening guidelines will likely make Thanksgiving travel a disaster for legions of Americans — and the worst is yet to come.”