Ron Paul on Cavuto 6/19/2013
"Ron Paul talks about the Federal Reserve on Fox Business." Continue reading →
Depositing a Little Common Sense into the Law
"Did you know that small business owners can be prosecuted for making repeated cash deposits of under $10,000? Randy and Karen Sowers, owners of a successful Maryland creamery, learned that accounting detail the hard way when the federal government seized $62,936 from their company’s bank account and charged them with violating the Bank Secrecy Act. The Sowers did not intend to violate the law. The couple simply found themselves caught in a net of federal prosecution because their everyday business practices and ignorance of obscure banking laws ran afoul of a federal statute." Continue reading →
In-Person Bitcoin Exchanges Are Thriving
"Call it a sign of the times, but something is definitely changing as face-to-face purchases of bitcoin are booming worldwide. In addition to avoiding a sometimes cumbersome registration process with traditional exchangers, in-person bitcoin transactions allow you to meet interesting new people in your area – and discuss bitcoin. Many choices are available with varying degrees of identification required. For the casual traders seeking more privacy, I recommend in-person trading through LocalBitcoins.com, the leading person-to-person matching service for people in various locales to meet and conduct bitcoin business." Continue reading →
Businesses in Berlin open arms to digital currency Bitcoin
"Cassandra Wintgens ceremoniously affixed the blue sticker with the thick, yellow 'B' to the pane in the front door of her guesthouse-cum-cafe. 'Bitcoin accepted here,' it read. The establishment Lekkerurlaub Notaufnahme, which translates roughly as 'Yummy Holiday Emergency Admission,' thereby became the seventh business in the Graefe neighbourhood of the multicultural Berlin district of Kreuzberg, to accept the digital currency — whether for an overnight stay or a cup of coffee in the cafe. 'I think it’s exciting,' she remarked. 'We don’t need banks for Bitcoins. They just muck us about anyway and don’t do anything for small-scale businesspeople.'" Continue reading →
Western Union now prohibits sending money to the USA from Argentina. Bitcoin may be the only way out.
"Western Union will no longer allow the outflow of dollars from Argentina to the U.S.. Two U.S. companies, Western Union and Delta Airlines, began to suspend some operations. According to the report said 'The Chronicle', the company's overseas remittance sent the following statement: 'As of 03/06/13 will not be able to ship from Argentina to the United States'. The company had discontinued their service, in part, to Europe, Asia, Africa and Oceania. For shipments to Latin America, only allowed up to 1,500 pesos per month ($ 280). Meanwhile, Delta Airlines sell tickets Argentines abroad only if they enter and depart from the country." Continue reading →
Bitcoin’s Big Bank Problem: Why Did Mt. Gox Halt US Payouts?
"The world’s best-known Bitcoin exchange stopped paying out customers in U.S. dollars Thursday. Mt. Gox didn’t exactly explain what was going on, though. It blamed an 'increased volume' of transactions, and said it would suspend U.S. cash withdrawals for two weeks as it sorted things out. The issue 'is with processing the sheer volume through our banks in Japan, which is causing a delay,' said Mt. Gox’s Thomas Glucksmann-Smith in an email message. 'We are currently attempting to improve our services for this. In the meantime USD deposits are unaffected as are other currencies.'" Continue reading →
Ron Paul’s Choice for Fed Chairman James Grant on Gold & Silver’s Latest Sell-Off
"As gold & silver prices tumble to 2.5-year lows in a wake of panic selling following a disappointing Fed Outlook & statement by Bernanke, as well as less-than-ideal Chinese economic data, Kitco News speaks with James Grant, editor of "Grant's Interest Rate Observer" about the carnage in gold & silver markets. In a previous interview, (then U.S. Congressman) Dr. Ron Paul told Kitco News that he would appoint Grant as Fed chairman; hear what Grant would do differently than Bernanke to help the US economy. Kitco News, June 20, 2013." Continue reading →
Federal Auditors, IRS Pan Tax Regulations For Bitcoins
"Federal auditors are recommending that the IRS not issue regulations for taxpayers on filing returns for the money earned through the exchange of virtual currencies. The tax agency has neither the money nor the time to craft compliance rules for the emerging market, according to a new report from the Government Accountability Office. GAO officials acknowledged the government might be missing out on tax revenue as a result of not publishing Bitcoin-specific rules, but it is unclear how much. 'Given the uncertain extent of noncompliance with virtual currency transactions, formal guidance, such as regulations, may not be warranted,' the auditors concluded." Continue reading →
Internet Archive Federal Credit Union Backed by Internet Pioneer Brewster Kahle
"Jordan Modell has experience working with Citibank, American Express and the Bank of New York. Brewster Kahle is an Internet pioneer who helped develop precursors to the World Wide Web and Amazon.com and sold them for millions of dollars that he has used to form a foundation that supports the Internet Archive, an effort to digitally record everything that has been on the Internet since 1996. The pair decided to found a credit union after coming to the conviction that the existing financial services industry has largely stopped working for low-income and middle-class people and that a bank was not the best vehicle to meet the needs of those populations." Continue reading →
Match.com Founder: Fed Spyware Searching For Bitcoin Wallets
"'I just had a government guy in my office telling me that they have forensic software looking for Bitcoin wallets on your machines,' said Gary Kremen, founder of Match.com and Sociogramics. 'And if they find one, they lock on to you, because statistically, if you were in Liberty Reserve or using a lot of anonymous money, you were probably doing something wrong.' Bitcoins are a virtual currency that can be used to buy and sell a wide variety of products online and in the real world. The currency is transferable anywhere in the world and can be exchanged for real currency at any time." Continue reading →
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