for life and liberty

Argentina inches toward economic crisis, again

"Inflation is accelerating and projected to hit 40% in 2014, according to Sergio Berensztein, director of Poliarquía Consultores. Unofficial estimates put the inflation rate at above 25% in 2013, much higher than the official government rate of 10.9% — a figure few believe, Berensztein says. A study from consultancy Estudio Bein estimates inflation has eroded wages nearly 10% over the past four months. The Argentine peso was devalued nearly 20% in January, further diminishing purchasing power and making imported items more expensive. Moody's downgraded Argentina's sovereign rating March 17 to Caa1, seven levels below investment grade status, Bloomberg reported." Continue reading →

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Western banking regulations could be ‘mutually destructive’: IMF

"Western governments have put in place banking regulations that could be 'mutually destructive' and undermine efforts to prevent bust banks from costing taxpayers billions of pounds, according to a report by the International Monetary Fund. Policymakers representing the world's biggest financial centres have failed to make the banking sector stand on its own feet by ending implicit subsidies and co-ordinating rescue plans when multinational banks go bust, the Washington-based lender of last resort said. Subsidies to the banking sector in some countries are as high as they were before the crash, amounting to $590bn (£355bn), with the eurozone the worst affected." Continue reading →

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Federal Bank VP: Bitcoin Threat Means Banks Must ‘Adapt or Die’

"On 31st March, the Federal Reserve Bank of St. Louis – one of the 12 Federal Reserve banks – held a talk on bitcoin from a banking and economic viewpoint. The session, entitled ‘Bitcoin and Beyond: The Possibilities and the Pitfalls of Virtual Currencies’, was presented by economist David Andolfatto, who is Vice President at the bank and a professor at Simon Fraser University. Andolfatto is sure that, ultimately, new systems will upend the monetary hierarchy of today – eventually forcing substantial changes within the banking and payments industry." Continue reading →

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Canadian Government to Divest ‘MintChip’ Digital Currency Program

"The Canadian government has announced that it will end its MintChip electronic payment system, and that it will look to sell the business to the private sector. Announced in 2012, MintChip was not a digital currency akin to bitcoin, but rather a digital payment mechanism meant to function as an electronic cash that could be transferred between users. MintChip used a silicon chip with a unique ID as a store of value, which was then to be sent to brokers who would trade them to consumers and businesses. Users could embed MintChip devices onto USB sticks, wallets, laptops and tablets, or store their digital cash with a third-party service provider." Continue reading →

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Bank of Montreal CEO: Bank is open to Bitcoin, conditionally

"If it was reliable and if it was regulated, 'then there’s no reason why we couldn’t be an intermediary in bitcoin-related transactions,' Bill Downe said in an interview after the company’s annual general meeting in Toronto. 'Because, if you wanted a Swiss franc transaction or a Japanese yen transaction or a U.S. dollar transaction, we can do that transaction for you,' he said. 'If bitcoin [can be] a reliable medium of exchange, then at that point in the future, we would be able to [conduct business] with bitcoin.' So far, however, almost every major banking chief in North America has either stayed mum on, or openly derided, the currency. Canada’s banking watchdog said it does not regulate bitcoin." Continue reading →

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Getting to the heart of the problem, Congress and its entire membership!!

And the really SAD PART OF ALL OF THIS IS THAT, these taxes were ALWAYS ILLEGAL AND UNCONSTITUTIONAL….Americans were convinced ‘it was their duty’ to pay to these THUGS !!! PROPAGANDA AT IT’S BEST !!!!!!! Date: Sat, Apr 5, 2014 at 11:01 AM Subject: Fwd: Ya think she’s ticked To: battleacre@gmail.com My Comments: Have you […]

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Impeachment is moving forward.

http://www.wnd.com/2014/04/impeachment-push-revs-up-for-fight/ WND whistleblower /WND Weekly Trial/Monthly/ANNUAL Customer Service Saturday, April 05, 2014 Login | Create An Account Frontpage Politics U.S. World Faith Health Education WND TV Opinion Money Diversions Superstore WND Exclusive: Obama ‘destroying morality’ with transgender agenda WND EXCLUSIVE Impeachment push revs up for fight ‘Obama and his collaborators must be made an example […]

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Nebraska Lawsuit a True “Chicken and Egg” Question

California’s state government is so concerned about the survival of an obscure species of smelt that it has effectively rendered some of the most productive farmland in that state a desert wasteland devoid of water.  Having so successfully <ahem> managed that crisis, California state legislators have now turned their attention to the plight of poultry […]

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Minnesota Action Alert: Require a Warrant before Obtaining An Individual’s Data

A Minnesota bill which would require a search warrant “before obtaining personal identifying information on an individual” regardless of any order or protest by national authority has been introduced in the state House. You can learn more about the legislation HERE. HF3173 was introduced March 19 and referred to the Public Safety Finance and Policy…

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