Investment/Trends

India pushes ‘shock and awe’ currency plan to save BRICS

"India is pushing for joint 'shock-and-awe' intervention by key developing states to halt capital flight and shore up currencies, in a move that risks backfiring and triggering a vicious spiral. 'It is going to happen in a matter of days rather than weeks, Brazil and India can start the move,' said Dipak Dasgupta, a top Indian official. Mr Dasgputa told Reuters that China, Brazil, India, Turkey, Russia and South Africa have all been squeezed as the US Federal Reserve prepares to tighten monetary policy. Joint action would give emerging markets greater firepower, allowing them to deploy their combined $8.7 trillion (£5.6 trillion) of reserves and crush 'speculators', rather than being picked off one by one." Continue reading →

Continue ReadingIndia pushes ‘shock and awe’ currency plan to save BRICS

India pushes ‘shock and awe’ currency plan to save BRICS

"India is pushing for joint 'shock-and-awe' intervention by key developing states to halt capital flight and shore up currencies, in a move that risks backfiring and triggering a vicious spiral. 'It is going to happen in a matter of days rather than weeks, Brazil and India can start the move,' said Dipak Dasgupta, a top Indian official. Mr Dasgputa told Reuters that China, Brazil, India, Turkey, Russia and South Africa have all been squeezed as the US Federal Reserve prepares to tighten monetary policy. Joint action would give emerging markets greater firepower, allowing them to deploy their combined $8.7 trillion (£5.6 trillion) of reserves and crush 'speculators', rather than being picked off one by one." Continue reading →

Continue ReadingIndia pushes ‘shock and awe’ currency plan to save BRICS

India pushes ‘shock and awe’ currency plan to save BRICS

"India is pushing for joint 'shock-and-awe' intervention by key developing states to halt capital flight and shore up currencies, in a move that risks backfiring and triggering a vicious spiral. 'It is going to happen in a matter of days rather than weeks, Brazil and India can start the move,' said Dipak Dasgupta, a top Indian official. Mr Dasgputa told Reuters that China, Brazil, India, Turkey, Russia and South Africa have all been squeezed as the US Federal Reserve prepares to tighten monetary policy. Joint action would give emerging markets greater firepower, allowing them to deploy their combined $8.7 trillion (£5.6 trillion) of reserves and crush 'speculators', rather than being picked off one by one." Continue reading →

Continue ReadingIndia pushes ‘shock and awe’ currency plan to save BRICS

Raspberry Pi used in new Bitcoin-operated pool table

"Games room specialist Liberty Games has created a bitcoin-operated pool table that runs on Raspberry Pi. Next to the table’s traditional coin slot, there is a QR code and an LCD screen, which displays the price per play in bitcoins. Users simply scan the QR code and send the displayed amount to the owner’s bitcoin wallet address. The machine then automatically tips the balls out – they don’t have to be manually released. The company, which ships worldwide, is now looking at adding bitcoin payment options to a number of its other products, which include jukeboxes and pinball machines. Next on the list, though, is an arcade machine." Continue reading →

Continue ReadingRaspberry Pi used in new Bitcoin-operated pool table

Bitcoin Has Been On A Huge Tear Lately

"It hasn't gotten that much attention, as the world's Bitcoin fascination has faded since this spring. BUT: Worth pointing out that the actual price of Bitcoins has been on a major tear again lately, as it presses up near $150. This is despite increasing oversight and subpoenas from regulators, and all kinds of pronouncements about Bitcoin's death." Continue reading →

Continue ReadingBitcoin Has Been On A Huge Tear Lately

Immovable law collides with unstoppable Bitcoin casinos

"It looks like the immovable law of the land may have finally met its match, up against Bitcoin, the encrypted, nationless, currency that disrupts every industry it touches. And now that Bitcoin casinos have had their first major acquisition, an $11.5 million deal, no industry better embodies the unstoppable nature of Bitcoin than gaming. 'The most interesting thing about Bitcoin is how it almost seems tailor made for Internet gaming,' said Stuart Hoegner, managing director of the Gaming Counsel, a law firm representing gaming interests in both the United States and Canada. Specifically he cited low transaction fees, quick deposit-to-play ability, and the lack of chargebacks." Continue reading →

Continue ReadingImmovable law collides with unstoppable Bitcoin casinos

Egypt Crumbling: “The Most Important Event so Far of the 21st Century”

"The Saudi-Russia-China alliance is designed to break the Egypt-U.S. relationship. The new alliance reflects how U.S. influence is waning in the Middle East. After many decades of driving events in the Middle East — and spending incalculable national treasure — the U.S. is about to lose big. New alliances in Egypt reflect Saudi-Russian-Chinese efforts to help keep hard-line Islam under control. The Saudis fear Brotherhood-style religious fervor. Russia wants to control the spread of hard-line Islam in its southern regions — Chechnya comes to mind — while China has issues with hard-line Islam in its western regions. And the U.S.? There’s no sense of consistency coming from Washington." Continue reading →

Continue ReadingEgypt Crumbling: “The Most Important Event so Far of the 21st Century”

America’s new target shooters: Younger, female and urban

"The face of America’s target shooters is changing. New target shooters–those who have taken up the sport in the last five years–are younger, female and urban when compared to established target shooters, or those participating for more than five years, according to a survey commissioned by NSSF. The report shows that one-fifth of target shooters in America first started participating in the shooting sports between 2008 and 2012. That means 20 percent of all target shooters began participating in the past five years. The expansion of younger, female and urban-based participants coincides with the surge in firearms sales that occurred over the same 2008-2012 period." Continue reading →

Continue ReadingAmerica’s new target shooters: Younger, female and urban

Chaos and War

"Iraq and Afghanistan were the only hot spots and Iran was the only major country where long-term stability could be seriously questioned. The Palestinian-Israeli conflict was raging, as always. But in contrast to the new wars elsewhere, that six-decades-old conflict was such a known quantity one would be hard pressed to argue that it was a significant destabilizing factor for the region. Bottom line: Two, maybe three, conflicts to seriously worry about. Moderate impact on the major world powers. No broad threat to the global economy. High hopes for future long-term stability. Now, fast-forward to the last day of August, 2013, and look how dramatically the picture has changed." Continue reading →

Continue ReadingChaos and War

Coinsetter CEO’s Message to Banks: You Will Soon Love Bitcoin

"Put yourself into a world in which banks charge $20 to $50 to manage an international wire transfer, but hardly make a profit on it. Conceptualize a world in which banks delay domestic ACH transfers up to three days, in a large part to reduce fraud risk. Imagine a world in which taking on just one new customer necessitates the hiring of another employee. If you’re a commercial bank, these problems are likely all too familiar. Your costs are continuously rising, but your clearing and compliance infrastructure hasn’t changed. Well I have some good news for you: Bitcoin is going to lower your network and compliance costs by 90%, and I guarantee you will be using it within ten years or less." Continue reading →

Continue ReadingCoinsetter CEO’s Message to Banks: You Will Soon Love Bitcoin