Alternative News

Why Have So Many Americans Considered Expatriation?

"According to Rasmussen Reports, fully 9% of the U.S. population has considered 'expatriation.' A record number of Americans 'officially' expatriated in the second quarter of 2013—and the real number is probably much higher. The mainstream media says that U.S. citizens give up their citizenship only to avoid paying tax. The fact is, more than 7 million Americans now live abroad. Many of them can no longer hold bank accounts, qualify for a mortgage, or set up a tax-deferred account for retirement or their children's education. They don't leave solely because of taxes—they give up their native son and daughter status because they pretty much have to just to function outside this country." Continue reading →

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The Most Qualified Fed Chair Since Arthur Burns

"It is not possible for any one human to have the knowledge needed to accomplish the goals established for the Federal Reserve. No person can assure Mr. Wolfers’ daughter her economic future will be bright. Ironically, that might only happen if Yellen took the job but then stepped aside to let the market determine interest rates and the flow of capital. Given Yellen’s views and experience, best case, the professor’s daughter can look forward to a world of no-growth punctuated with the occasional banking crisis. In the worst case, Ms. Yellen will conjure up the memory of Arthur Burns." Continue reading →

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Art Cashin: Danger For The US & Strange Happenings In Gold

"While I am far from being a conspiracy theorist, I could see where some of the people involved in that asset class would be concerned because we’ve had several incidences of very large sales. And they all seem to come at approximately the same time in the relatively early morning in New York, usually before the stock market has opened. The question there is, why would you suddenly dump a large amount of gold? Why wouldn’t you try to piecemeal it out over the (course of the) day? So, if that happens once it could be an accident of technology, or it could be a simple error. But when it happens 5 times over a period of months, it does raise questions." Continue reading →

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Vault of Satoshi expands Canadian bitcoin exchange market

"A new Canadian exchange launched this week, offering cheaper rates than the incumbent, and touting an advanced API. [..] The firm sent in two requests to FINTRAC, the financial services regulator in Canada, asking for a money services business (MSB) license, but the regulator’s current position is that no such license is currently needed for bitcoin. The company was refused, says Curry. However, this puts exchanges in a precarious position, because while the regulator may not have concerns, some banks do. Royal Bank of Canada closed Virtex’s account early this year because it didn’t have a license, and Curry had the same problem." Continue reading →

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David Stockman Explains The Keynesian State-Wreck Ahead

"'What has been growing is the wealth of the rich, the remit of the state, the girth of Wall Street, the debt burden of the people, the prosperity of the beltway and the sway of the three great branches of government - that is, the warfare state, the welfare state and the central bank... What is flailing is the vast expanse of the Main Street economy where the great majority have experienced stagnant living standards, rising job insecurity, failure to accumulate material savings, rapidly approach old age and the certainty of a Hobbesian future where, inexorably, taxes will rise and social benefits will be cut...' He calls this condition 'Sundown in America'." Continue reading →

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IMF Discusses A Super Tax Of 10% On All Savings In Eurozone

"One of the latest reports from the IMF discusses a super taxation of 10% on savings in the Eurozone. That would solve the debt problem in most sovereign countries. It would be an alternative of higher taxes or spending cuts. The economists who wrote the paper hasten to say that it is a theoretical proposal. Still, it appears to be 'an efficient solution' for the debt problem. For a group of 15 European countries such a measure would bring the debt ratio to 'acceptable' levels, i.e. comparable to levels before the 2008 crisis. One of the graphs (page 14) is also noteworthy: 'Relative to previous projections, fiscal deficits are somewhat larger in most countries, reflecting a weaker economic environment.'" Continue reading →

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Dwolla shuts doors to bitcoin companies and virtual currency exchanges

"Dwolla has announced it can no longer work with virtual currency exchanges and other bitcoin-related services. The online payment system provider emailed its customers who operate companies related to bitcoin and other virtual currencies to inform them it is withdrawing its services as of 28th October at 16:00 CT. This move comes shortly after Capital One closed the bank account of a company after it started selling purely commemorative silver and copper bitcoin coins. According to Mulligan Mint’s CEO Rob Gray, the bank hadn’t bothered to do their research properly, as merchant services said the account was cancelled because the company was selling bitcoin." Continue reading →

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Capital One closes company’s bank account over mere mention of bitcoin

"Capital One has closed a bank account belonging to a company that produces metal medallions after it started selling commemorative silver and copper bitcoin coins. Rob Gray, CEO of Mulligan Mint, Inc said Capital One gave him no warning before it closed his company’s bank account. He has since contacted the bank, but isn’t satisfied with its response. Mulligan Mint does not accept bitcoin as payment for any of its products, the only connection with the digital currency is that it sells two types of bitcoin medallion. Both feature the bitcoin currency symbol on one side, set on a background of a computer circuit board." Continue reading →

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‘Dollar valueless, about to crash’ – World Bank whistleblower

"The US government shutdown - a temporary ailment or a symptom of a grave disease? Are the Republicans right in their move to block Obamacare spending? Who gains from the shutdown turmoil? Do the politicians care about their citizens? Our guest comes from the very heart of the banking system: Karen Hudes was World Bank lawyer when she blew the whistle on major corruption cases in the system and was fired as a result." Continue reading →

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