Alt/Indie News

Keiser Report: Pickpockets Rule UK?

"In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the beggar economy in which the biggest pickpockets rule. They look at the London Gold Fix, in particular, where every day for the past more than twenty years, pockets were picked every single day, according to the data. In the second half, Max interviews precious metals expert, James Turk, about his new book, 'The Money Bubble,' and about the dollar, gold and Bitcoin." Continue reading →

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Taiwan Welcomes New Year with Bitcoin Warning

"The Financial Supervisory Commission of the Republic of China and the Central Bank of the ROC have issued a joint statement warning against the use of bitcoin in Taiwan. The regulators said bitcoin remains volatile, that it does not have any legal protection, and that it is not issued by a monetary authority. The regulators noted that bitcoin trading is highly speculative and that investors should be wary of volatility, cyber attacks, malicious defaults, theft and other risks. The regulators also announced that they may take 'necessary steps' if financial institutions engage in bitcoin operations." Continue reading →

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3 Urgent Steps for the Ultimate Strategy in 2014!

"There’s no doubt we’re living in crazy times. Despite a slight reduction in the amount of unbacked money it prints every month, the Fed is still burying the world in unbacked paper dollars. Despite a 'budget deal,' the massive federal debt is nearing the $18 trillion mark and annual deficits are still massive. Despite the trillions Washington has poured into the economy over six years, growth is still sub-par. Despite Washington’s claims to the contrary, the real unemployment rate, measured the way our government used to, is still 13.2 percent. Yet this year alone, the S&P 500 has hit nearly four dozen new all-time highs in 2013. So what’s the wisest wealth-building strategy in times like these?" Continue reading →

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Bill Bonner: Avoid This Popular Stock in 2014…

"All eyes have been fixed on the stock market in 2013. But one of the most significant moves has happened in supposedly 'safe haven' bonds. Mom & Pop investors who rushed out of the stock market and into bond funds have been burned. In 2013, investors holding the iShares Barclay’s 20+yr Treasury Bond ETF lost 13.5%. This is strange, because the Fed has been supporting the long end of the Treasury market with $540 billion of Treasury bond purchases under QE3. If this is how long-bond investors are rewarded with the Fed set to buy another half trillion dollars of long bonds next year, it doesn’t bode well for bond bulls. Our advice: Steer clear of T-bonds in 2014." Continue reading →

Continue ReadingBill Bonner: Avoid This Popular Stock in 2014…

Is The NSA Changing Bank Accounts?

"The panels' recommendations are heartening because they are overwhelmingly critical of the NSA; the panel went so far as to unanimously call for splitting up the agency and for safeguards such as transparency. This is another surprise because the panel was hand-picked by Obama and included the die-hard loyalist Cass Sunstein and former CIA deputy director Michael J. Morell. Obama quickly indicated his rejection of some of the panels' recommendations. Meanwhile, everyone should make sure they have a print copy and a screen shot of their latest financial statements on hand. People should consider holding assets in a less conventional place than large and 'trusted' financial institutions." Continue reading →

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FinCEN: Bitcoin Miners Need Not Register as Money Transmitters

"According to the letter, miners are still free to purchase goods or trade with exchanges with the bitcoins they produce whether operating as individuals or businesses. The news should come as a relief for smaller-scale mining operations. Jerry Brito, senior research fellow at the Mercatus Center, indicated that FinCEN wrotein a private letter last July that all miners would have to register as MSBs, and uncertainty had remained since then. This could have put many individuals out of the mining business with its range of compliance regulations, such as having an auditor on staff. The exact wording of the letter still leaves some room for interpretation, though." Continue reading →

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Bill Bonner: Should You Turn Bullish in 2014?

"As far as we know, as long as the Fed keeps pumping, prices for stocks, Andy Warhol doodles and Manhattan apartments will keep going up. But that doesn’t mean any of them are good investments. Stocks, for example, are an option on a bigger Fed-induced bubble. But they’re not cheap. A simple look at the 12-month “as reported” P/E for the S&P 500 will tell you that. Could this continue? Yes, of course. Or, it could blow sky-high. Yes – 2013 was one for the history books; 2014 almost surely will be, too." Continue reading →

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Now China … Reasons for Printing Money Abound

"The tightening talk we're listening to is just for public consumption. The whole system of recovery is based on equity appreciation stimulating employment (which it does ineffectively at best). The big central banks around the world are all pumping money in unison. We will always be told that bankers are concernedly moderating money flows. But then, at the first sign of trouble, the taps are turned back on. In fact, they are never REALLY turned off. And there will always be a reason to push the volume of money even higher. They are planning a big Wall Street Party. The top men always seem to find reasons to print more. Until the world is swimming in currency." Continue reading →

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Reserve Bank of India Issues Virtual Currency Warning

"There are a few exchanges and trading platforms in India and most of them were launched earlier this year. Although they tend to allow users to purchase bitcoin in rupees, none of them appear to have regulatory approval to do so. However, since India does not have digital currency legislation, it is impossible to get such approval, unless Indian regulators decide to apply existing foreign exchange regulations to bitcoin. For now though, India does not have bitcoin regulation and it is unclear whether the RBI’s statement will change anything moving forward." Continue reading →

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Nobel Winner: “No Reason To Fear Deflation”

"'Historically, there is no reason to fear deflation,' Nobel Laureate Thomas Sargent explains to Germany's Wiwo.de, 'we all benefit from lower prices.' That central banks pursue an inflation rate of around 2%, Sargent blasts, is because they consider it their job to 'make bad debt good debt,' adding that inflation is 'a major redistribution machine - reducing the real debt burden for the benefit of creditors and devaluing the assets of the creditors.' A return to a gold standard,he concludes, to prevent governments and central banks from limitless money-printing 'would not be foolish.'" Continue reading →

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