Alt/Indie News

Loan Program For Investors With More Than 4 Properties Financed

"In 2009, Fannie Mae rolled back a mortgage rule that prevented real estate investors from financing more than 4 properties at once. At the time, investors were limited to 4 properties financed, which included their primary residence. Today, the maximum number of allowable, simultaneously financed properties is 10. You wouldn't know it, though -- few banks actually offer the program. This article describes how to get a mortgage if you have 5-to-10 homes in your portfolio. So, why don't all banks participate in the 5-10 Properties Financed program? The probable answer is that underwriting a 5-property-owning investor's mortgage application can be very hard work." Continue reading →

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US State Bank Supervisors to Discuss Bitcoin at Public Hearing

"In late February, the US Conference of State Bank Supervisors (CSBS), a membership organisation for state banking regulators that liaises with Congress, announced it would launch a new task force aimed at investigating emerging payments issues, including topics related to bitcoin and other digital currencies. To date, nine state banking officials have joined the task force, including New York Department of Financial Services superintendent Benjamin Lawsky. The organisation’s fact-finding mission will take one of its first steps on 16th May, when the CSBS will hold a public hearing on emerging payment issues in Chicago, Illinois." Continue reading →

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Former US Consumer Finance Watchdog Voices Support for Bitcoin

"Raj Date, the former Deputy Director of the US Consumer Financial Protection Bureau (CFPB), a consumer finance watchdog, said in an interview this week that he supports – and is now investing in – bitcoin. During a segment of Bloomberg Television’s 'Street Smart,' Date commented that, on a personal level, he sees a lot of potential in digital currencies like bitcoin. In the interview, Date said that bitcoin has the potential to deliver faster and more secure payments than is currently possible for most consumers, and remarked that the pace of innovation could result in a broader evolution in digital currencies." Continue reading →

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The richest man in Asia is selling everything in China

"Here’s a guy you want to bet on– Li Ka-Shing. Li is reportedly the richest person in Asia with a net worth well in excess of $30 billion, much of which he made being a shrewd property investor. Li Ka-Shing was investing in mainland China back in the early 90s, way back before it became the trendy thing to do. Now, Li wants out of China. All of it. Since August of last year, he’s dumped billions of dollars worth of his Chinese holdings. The latest is the $928 million sale of the Pacific Place shopping center in Beijing– this deal was inked just days ago. So what does he see that nobody else seems to be paying much attention to? Simple. China’s credit crunch." Continue reading →

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Evidence That Consolidated Global Power Is Wielded by a Tiny Elite

"For the past 12 years an elite cell at the US Treasury has been sharpening the tools of economic warfare, designing ways to bring almost any country to its knees without firing a shot. The strategy relies on hegemonic control over the global banking system, buttressed by a network of allies and the reluctant acquiescence of neutral states. Let us call this the Manhattan Project of the early 21st century. The stealth weapon is a 'scarlet letter', devised under Section 311 of the US Patriot Act. Once a bank is tainted in this way - accused of money-laundering or underwriting terrorist activities, a suitably loose offence - it becomes radioactive, caught in the 'boa constrictor's lethal embrace'." Continue reading →

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Read more about the article Interview with finance guru, entrepreneur Jeff Berwick

Interview with finance guru, entrepreneur Jeff Berwick

"I personally save a percentage of the profits of all my Bitcoin revenue I receive with no plans to sell. I have been offering every product that my companies offer for Bitcoin for three years now so I have been constantly squirreling away bitcoins. We have sold passports, offshore bank accounts and corporations, newsletter subscriptions to TDV and even condos that I offer through my company in Acapulco, AcaCondos and rentals at my hotel in Acapulco, Las Torres Gemelas Private Suites for bitcoins and as I stated my strategy is to keep a large percentage of my profit on those transactions in Bitcoin." Continue reading →

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Cheap Printing vs. Expensive Drilling

"Yellen explained that the Fed helps people secure employment 'by influencing interest rates.' She followed, 'Although we work through financial markets, our goal is to help Main Street, not Wall Street.' Her predecessor used the same rhetoric in 2012. 'This is a Main Street policy. Many people own stocks directly or indirectly. The issue here is whether or not improving asset prices generally will make people more willing to spend.' Oil, unlike the Fed’s fiat dollars, can’t be created out of nothing. And, job or no job, people are driving. Mrs. Yellen tells crowds, Don’t worry be happy, your job will be printed anytime now. Let’s just say, for those with a job to go to, getting there will not be getting easier." Continue reading →

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Alleged Silk Road founder: If Bitcoin isn’t money, how did I launder it?

"Ross Ulbricht, who stands accused of running the Silk Road black market under the name 'Dread Pirate Roberts,' says that new federal bitcoin laws make the charges against him invalid. In a filing over the weekend, Ulbricht's lawyers defended him against charges of hacking, narcotics trafficking, operating a criminal conspiracy, and money laundering. The first three charges, his lawyers argue, are 'unconstitutionally broad' and can't be applied to the normal operation of a website, even one whose business is illegal goods. And the last charge, they say, makes no sense if there isn't actual money involved — a possibility implied by a recent IRS decision." Continue reading →

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Bitcoin Prices Whipsawed by Looming China Crackdown

"While the PBOC doesn't appear ready to ban Bitcoin outright, they appear determined to drive it out of the Chinese banking system. The Chinese government apparently was concerned over investor speculation in the digital currency, and in particular in the use of Bitcoin to move money outside the country. Once people started using Bitcoin to bypass China's strict capital controls, the government almost had no choice but to cut it off from the banking system. For China's Bitcoin exchanges, which include BTC China and OKCoin, the news is bad but not necessarily fatal. But longer term, this is just another pebble in the stream." Continue reading →

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