Tag Archives: Currency

James Corbett ~ Bitcoin, Anarchy And Freedom (With Roger Ver) [Video]

corbettreport  April 29 2014

Money is the common denominator in our current financial system, the currency that facilitates all of our daily interactions. We take its existence for granted, and while the debate in recent years has grown to include whether or not the government should “print more of it” or “print less of it,” the lack of comprehension about how dollars, Euros, yen, pesos and other government regulated national currencies are themselves the very root of the problem, conceived in iniquity and born as debt owed to the commercial banking system itself has prevented the conversation from moving past this infantile debate.

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Eric Blair ~ IRS Makes Bitcoin Rules Simple For Wall Street, Impossible For Everyday Users

Activist Post

The IRS just issued tax guidance for bitcoin and other virtual currencies. They classify bitcoins as property, instead of a currency, where tax rules of stocks and barter will apply. It seems, as always, that Wall Street wins and people lose.

It essentially means Wall Street has a new asset class to exploit at low capital gains rates, and retail businesses get the benefit of low transaction fees of the Bitcoin payment system without extra accounting; but everyday people who use it as a currency must report every single transaction for tax collection.

According to Bloomberg: Continue reading

Paul Craig Roberts ~ The Rational Market Myth

Paul Craig Roberts June 20 2013

One of the myths of economics is that markets are rational. Theories are based on this assumption, and the belief that markets are rational fuels the argument against regulation. The market response to the Federal Reserve’s June 19 statement that it will taper off its bond purchases if its forecast comes true is unequivocal proof that markets are irrational.

The Federal Reserve’s statement that it “currently anticipates that it would be appropriate to moderate the monthly pace of purchases [of bonds] later this year” depends on a very big if. The if is the correctness of the Fed’s forecast of moderate economic growth and employment gains.

The Fed has not stopped purchasing $85 billion of bonds each month. So nothing real has changed. Indeed, there was no new information in the Fed’s statement. It has been known for some time that, according to the Fed, its bond purchases will gradually cease.

In response to this repeat of old information, the stock and bond markets sold off in a major way on June 19-20. This market response to the Fed’s statement indicates that the Fed’s forecast is unlikely to come true. Low interest rates and a high stock market are totally dependent on the liquidity that the Fed is injecting by printing $1,000 billion per year. If this liquidity is not injected, what will sustain the markets? If the markets crash and interest rates rise, how can the Fed expect recovery?

In other words, the participants in the stock and bond markets know that the markets are bubbles created by the printing press. There is no real basis for the high stock and bond prices. The prices are an artificial reality created by the printing press. Rational markets would take into account the printing press element and would price stocks and bonds at a much lower level.

Zero real interest rates mean that there are no risks. But how can there be no risk in Treasury bonds when the debt is growing faster than the economy?

Normally, high stock values mean strong profits from strong consumer income growth and retail sales. But we know that there is no growth in real median family income and real retail sales.

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GE Christenson ~ Gold And What I Know for Certain

Deviant Investor May 16 2013

What I Know for Certain

  • Death and taxes!
  • Fear and greed are powerful motivators.
  • Individuals, businesses, and governments do what they think is beneficial for them.
  • Businesses and governments protect their products and territory and resist competition and enemies.
  • Concentrated wealth creates power and corruption. The greater the concentration of wealth, the larger and more pervasive the power and corruption.
  • Gold and silver have been money for over 3,000 years.
  • Unbacked paper money systems have always failed.

What I Think is True

  • The basic product of a central bank is the unbacked paper currency it prints in ever-increasing quantities.
  • Central banks will fight all competitors to their currencies. The oldest competitor to unbacked paper currencies is gold, ancient money.
  • Politicians want to spend money and increase their power.
  • Bankers want to create money, lend it to governments, and thereby secure a permanent and increasing revenue stream.

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Soren Dreier ~ The Currency Of Kindness

Zen-Haven April 10 2013

sdkindA most powerful force is kindness. It seems to have a life of its own. It´s like a manifested organism multiplying on the inside and the outside. Highly contagious.

There are levels to the value of it of course.

Some manifested kindness is not kindness. It´s selfish. It comes with a condition. I once came across this Tibetan doctor who would treat her patients for free. Asked why, she would say: It will get me a good karma for the next life!.

Really. Don’t think the universe sees through that? Cosmic Certified Selfishness. C´mon.

Any act of kindness that comes with a condition is ego-build up.

Any act of kindness that comes without condition is ego take down.

This autumn I accidentally stumbled in to some very kind people who taught me the value of kindness. It amazed me. It came without any conditions. Just a reach out and doors opened.

That is really valuable, the door opener effect. Every person on this planet is plugged into a neural network and when networks open up, the climb uphill becomes somehow easier. It transcends into a beautiful journey with a gentle breeze supporting you.

Be a door opener, it’s a loving quantum leap.

So I try to go with the currency of kindness and manifest it as good as I can. Not easy, but I think I´m getting the hang of it. A lot of Matrix programming to the concept of kindness has to be transcended. The goody-goody do right. What if people abuse it and such?

They can`t because I noticed I didn’t care if they did and then: nobody did.

Before I sound like a Southern Baptist Holy Roller who just met the Lord I also discovered that I had to call on my dark passenger from time to time. The shadow. The ego. And manifest rage and anger.

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Mike Adams ~ The Bitcoin Bubble Explained: Understanding The Mathematics Of The Inevitable Bitcoin Crash

NaturalNews April 10 2013

John, Mary and Kate are three “investors” who are buying bitcoins. Each time one of them buys a bitcoin, the value of bitcoins rises due to increased demand.

John got in early and bought 10 bitcoins for $1 each. So John’s investment is a total of $10.

Mary got in a month ago and bought 10 bitcoins for $20 each. So Mary’s total investment is $200.

Kate just bought her bitcoins, purchasing 10 of them for $200 each. So Mary’s total investment is $2,000.

The total amount of their combined purchases as $10 + $200 + $2000, or a grand total of $2210.

But the three of them, in total, THINK they have a grand total of $6,000 worth of bitcoins because ALL the bitcoins they purchased are now “valued” at the most recent purchase price of $200.

In other words:

John currently owns 10 bitcoins valued at $200 each, so John thinks he’s got “$2,000 worth of bitcoins” in his account.

Mary’s 10 bitcoins are also valued at $200 each, so Mary thinks she’s got “$2,000 worth of bitcoins.”

Kate’s bitcoins are also worth $200 each, so Kate has $2,000 worth of bitcoins.

In total, these three people believe they have $6,000 worth of bitcoins.

Yet, they only “invested” $2210.

Somehow, $3,790 in “value” was created out of nothing.

Where did this extra $3,790 come from?

Answer: It doesn’t exist. It is an illusion.

Bitcoins, like stocks, create the illusion of free wealth during a rise in valuation

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Spencer Barclay – Currency Creation & Private Exemption [Audio]

Radio 3Fourteen | January 29 2013

Spencer Barclay has spent several years independently studying law, contract, linguistics, definitions, orthography, commercial redemption, administrative process, mortgages, foreclosure, due process and many other threads of info regarding sovereignty. He has come to his own conclusions about the nature of conflict and how to resolve and achieve remedy, including sovereignty not only through action but also through perception.

We’ll discuss some of Spencer’s favorite topics including the nature and character of currency, bills of exchange, cash, bank notes and electronic funds. We dive deep into the topic concerning the nature of currency in terms of using your private exemption, negotiable instruments, trusts, set off and discharging debt, dealing with creditors and the IRS. This subject challenges the conventional view of currency and money and sheds light on the occult aspect of finance. And this subject is not one creditors would want you to hear.

ICAP Testing Trades In Greek Drachma Against Dollar and Euro

Mike “Mish” Shedlock | Global Economic Analysis
November 27 2011

ICAP Plc, the world’s largest inter-dealer broker (one that carries out transactions for financial institutions rather than private individuals), is now Testing Trades In Greek Drachma Against Dollar, Euro

ICAP Plc is preparing its electronic trading platforms for Greece’s potential exit from the euro and a return to the drachma, senior executives at the inter-dealer broker said Sunday.

ICAP is the latest firm to disclose such preparations, joining the growing ranks of banks, governments and other key players in the global financial system whose officials are worried enough about the stability of the common currency to be making contingency plans for a possible break-up.

The firm has been testing systems that would allow dealer banks to trade the drachma against both the dollar and the euro, the ICAP executives said, cautioning that the measures taken in recent weeks were precautionary. They said the currency pairs would not be accessible for trading unless required by market events, and may never be used.

Certain decisions, such as how many decimal places would be used when representing the drachma’s exchange rate, have not been finalized. But ICAP said the currency templates could be tweaked depending on dealer requests, and that the project could be used as a roadmap for how to prepare for an outcome involving multiple currencies leaving the euro. So far, testing has only involved the drachma, no other currencies.

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