Alternative News

US has Already Ceded Dominance in Bitcoin Trading

"Currently, the top four bitcoin exchanges by volume are located outside of the US, with the world’s leading exchange based in China. Less than 2% of worldwide bitcoin trading and real-time market making occurs within the US jurisdiction. All four of the world’s leading exchanges have demonstrated a capacity for serious, engaged banking relationships that would have been unobtainable in the United States. We have arrived at the point where the US jurisdiction must strategically evaluate a path going forward. Either they enable a climate that appeals to bitcoin exchanges and businesses or they maintain barriers that silently drive innovation in the space overseas." Continue reading →

Continue ReadingUS has Already Ceded Dominance in Bitcoin Trading

Russian lawmaker seeks to ban US dollar, predicts 2017 collapse

"To protect Russians against the 'collapsing US debt pyramid', a Russian legislator has filed a draft bill to ban circulation of the currency in Russia. Once a Moscow mayoral hopeful, Mikhail Degtyarev, 32, likens the US dollar to a worldwide ponzi scheme which he says is scheduled to end in 2017. The bill would impose a ban on dollars within a year of its passage, and any private citizen holding accounts in dollars would either need to spend the money or convert it to another currency. There is no proposed ban on the euro, British pound, yen, or yuan. If one doesn’t exchange or transfer dollars within a year, the dollars will be seized by officials, and reimbursed in rubles within 30 calendar days." Continue reading →

Continue ReadingRussian lawmaker seeks to ban US dollar, predicts 2017 collapse

What Janet Yellen Will Host and Why

"During her confirmation process, Yellen will give a spirited defense not only of money printing but of her own moral probity and will be clear that she views her life as one sanctified by public service. Whether she has devoted her life to a ruinous enterprise will not be discussed. Certainly the larger game will not be revealed. But hidden behind the policy discussions and concern over employment is the surety that Yellen will start her term by continuing to print vast gouts of money. This money will find its way into the stock market just as intended, continuing to create mountainous stock market averages and then eventually an equity mania." Continue reading →

Continue ReadingWhat Janet Yellen Will Host and Why

Bitcoin Transcends Novelty Status

"We live in a world of fiat currencies subject to monetary adjustments or downright manipulations that many of us have no say in. Frequently, the decisions that are made for us negatively impact the very foundation that we've worked so hard to build. Bitcoin is a known quantity in a world full of unknowns. It travels globally without the processing fees of PayPal, Western Union or the banking industries. In fact, the current banking systems' loss of processing fees is both a boon to Bitcoin business as well as the reason for the most vocal arguments against it. After all, JP Morgan has to recoup the $8 billion they've received in regulatory fines over the last two years somehow, right?" Continue reading →

Continue ReadingBitcoin Transcends Novelty Status

Investment Manager Explains Why 99.5% Of Americans Can Never Win

"The bottom line is this: A highly complex set of laws and exemptions from laws and taxes has been put in place by those in the uppermost reaches of the U.S. financial system. It allows them to protect and increase their wealth and significantly affect the U.S. political and legislative processes. They have real power and real wealth. Ordinary citizens in the bottom 99.9% are largely not aware of these systems, do not understand how they work, are unlikely to participate in them, and have little likelihood of entering the top 0.5%, much less the top 0.1%. Moreover, those at the very top have no incentive whatsoever for revealing or changing the rules. I am not optimistic." Continue reading →

Continue ReadingInvestment Manager Explains Why 99.5% Of Americans Can Never Win

A Propaganda War

"We’ve long imagined that only the state and its central bankers can issue money. The Bitcoin protocol directly challenges that notion. Most importantly, unlike similar inventions before it, Bitcoin can only be stifled. It can never be stopped. Its importance is unequivocal. As Bitcoin continues to spread globally, we, as a community, must grapple with a very challenging and unsettling question of principle: should Bitcoin actively engage the apparatus of state? Bitcoin is getting political. Parties are forming. unSystem, through its Dark Wallet, has ostensibly drawn a line in the sand. There is much at stake. A battle is now on for the protocol and the hearts and minds of we, the 99%." Continue reading →

Continue ReadingA Propaganda War

Here’s Why The Winklevoss Twins LOVE Bitcoin

"'This idea that people aren't betting when they hang on to a dollar is incorrect.' They also love the currency's transparency, explaining that 'there is nothing predictable or transparent about the US dollar. No one has any idea what the Federal Reserve's going to do, how they operate.' Bitcoin, on the other hand, is fixed at 21 million coins that will come out incrementally and predictably over time. 'Bitcoin brings the promise of email to the finance sector. Now it's instant and effectively free to send money anywhere,' the twins said." Continue reading →

Continue ReadingHere’s Why The Winklevoss Twins LOVE Bitcoin

The Downturn in the Spot Gold Price

"Virtually from the day that Germany demanded to have its gold delivered back to the Bundesbank, three very clear phenomena have occurred: 1. The gold price, which had been trending sideways, has plummeted. 2. The physical gold held at the COMEX has been pouring out of the warehouses. 3. The amount of physical gold held by the ETFs has stopped rising and started falling. Fast. Coincidence? I very much doubt it." Continue reading →

Continue ReadingThe Downturn in the Spot Gold Price

EU Easing to Infinity and Beyond?

"Money printing will continue and financial instruments will therefore continue to inflate, both in Europe and the US. There will be much hand-wringing about deflation and a lack of jobs, but this is not serious. The system cannot function any other way. As we have pointed out before, we are in the reflationary leg of a bear-market cycle. There will doubtless be significant volatility but the power elite controlling the financial system seems determined to create yet another blow-off. You may not have a job but if you have assets you will be able to participate in it and possibly reap significant rewards if you are careful and pay attention to the timing of additional money flows. Good luck." Continue reading →

Continue ReadingEU Easing to Infinity and Beyond?