Alt/Indie News

Amateur fetish porn is jumping into the Bitcoin game

"It’s a bit like Facebook for fetishes. Through March 1, Master Fet and Gimp Man are allowing performers to collect on 100 percent of the site’s revenue. 'We believe bitcoins, and digital currency in general, holds great promise to innovate not only the adult industry, but perhaps the way the world understands and uses currency as a whole,' he said, adding that certain niches like erotic hypnosis and sleeping fetish are currently outlawed by Visa and Mastercard." Continue reading →

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Punk Economics: The Kidnapper wears Prada

"The Kidnapper wears Prada: Why the rich are getting much, much richer, why the Fed is in a corner and what it means for you! As the Federal Reserve gets a new chair and decides what to do next, whether to print $85 billion a month more or not, we examine the heist, who gets all the loot, why today's kidnappers wear Prada. Wake up. See what happens when financial kidnappers dress up as loyal patriots and extort money in the name of the common good." Continue reading →

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When We Will Celebrate the End of QE, and Why

"Central bank money is disseminated through the banking system. And the banking system over years funnels it into investable facilities like the stock market. It is a criminal system, predicated on rigorous control of money stock. If bankers really wanted to benefit the middle class, they'd pump it directly into bank accounts. But they won't, for that would reveal the essential phoniness of the system and it would also generate vast price inflation. But price inflation they will have nonetheless. By the time bubbles are visible, as they are, it is way too late for the economy to contain the damage. And thus they pretend to cut. Or trim the advance. But markets, especially stock markets, will continue to rise." Continue reading →

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My Fed Forecast Was Right on Target — What to Look for Next

"Outgoing Fed Chairman Ben Bernanke sounded a much more confident tone on the economy in his post-meeting press conference. And he indicated that the incoming chairman, Janet Yellen, fully supported the day’s action. Furthermore, he said that barring some economic catastrophe, the $10 billion reduction in the QE program we’ll get in January is just the first of many steps. It should be followed by cuts of roughly an equivalent size — or more — at every single meeting in 2014. That, in turn, sets the stage for the next major surprise. (At least to the Wall Street crowd.) I’m talking about the first actual short-term interest-rate hike in 2014." Continue reading →

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David Stockman: Lunatic Fed Engineering Global Collapse

"Yellen has been part of this Fed system since the 1990s. Just start with the year 2000: The balance sheet of the Fed was $500 billion. Today it’s pushing $4 trillion. That’s an eight-fold increase just in this century. She’s been part of it all along, and if that isn’t monetizing the debt, (then) I don’t know what the word means. It is only the top 1% that has experienced a huge windfall from the serial bubbles that the Fed has created. So, if you go right to the core of what this is all about -- what the Fed’s mission is, what the new chairman of the Fed will be doing and saying, I think we had a pretty good indication that she’s going to take this lunatic policy that we’ve had for years now right over the edge." Continue reading →

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The FED’s New Normal: $900 Billion a Year . . . Indefinitely

"This is the Federal Reserve System at 100 years. The economy is now addicted to an emergency monetary policy. The FOMC has made it clear: the bubble conditions of the financial markets will not deliberately be popped by a return to 2007. This is the new normal -- endless addiction to monetary expansion. Meanwhile, the banks refuse to lend into the economy. They pile up excess reserves. The FOMC clearly does not expect this to cease. That is why $900 billion a year is the new normal." Continue reading →

Continue ReadingThe FED’s New Normal: $900 Billion a Year . . . Indefinitely

Report Suggests NSA Engaged In Bank Account Manipulation

"Governments should not use their offensive cyber capabilities to change the amounts held in financial accounts or otherwise manipulate the financial system.' While there have been plenty of reports about the US running hundreds of offensive cyberattacks on others, outside of things like Stuxnet, not many have been directly identified. And I'm unaware of any claims suggesting attempts to 'manipulate the financial system' of any particular country and/or to 'change the amounts held in financial accounts.' It seems a bit odd to come out of the blue like that, and certainly suggests that this particular bullet point likely came as a result of a rather specific thing that came up during the task force's review. " Continue reading →

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Denmark’s Authorities: Bitcoin is Not Regulated Here

"Denmark’s Financial Supervisory Authority (FSA) today issued an official statement on the use of virtual currency in the country – and surprisingly, it’s not all bad news. The statement highlights that virtual currency isn’t covered by Denmark’s existing regulatory framework. Thus, cryptocurrencies cannot be subjected to the country’s standard financial regulation. According to the FSA, doing business with bitcoin and other cryptocurrencies does not qualify as issuance of electronic money, currency exchanges, brokerages or deposit services. As a result, bitcoin entrepreneurs who want to build businesses and establish exchanges in the country will not need government approval." Continue reading →

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How to Build a Huge Bonus in Your Portfolio

"Some commentators are betting that the Fed will begin to taper now, though the big money says tapering will start in March. Tapering, whenever it happens, is not tightening. Tightening is pulling money out of the system. Tapering is simply slowing an out-of-control train to 135 miles per hour from 150. There’s a pileup in the offing either way. No matter what comes of tapering talk this week, one fact will remain unchanged: The Fed will maintain interest rates at or near 0%. And even if tapering does happen this week, the Fed will accompany the move with commentary promising to extend the period in which rates remain excessively low." Continue reading →

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China Bitcoin Crackdown Intensifies

"The People's Bank of China has issued a new ban on third-party payment processors from doing business with Bitcoin exchanges. Bitcoin prices on the yuan-traded BTC China exchange are down 34% on the news, and prices on the USD-traded Mt. Gox exchange were flirting with $700 all night. Mt. Gox prices were off 19% on the day. The latest ban is a a separate regulation from the People's Bank of China's Dec. 5 ruling barring formal financial institutions from processing Bitcoin. Rui Ma, a China-based angel investor, commented that if the crackdown continues, Chinese may only be able to purchase Bitcoins via miners or other traders." Continue reading →

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