A Bitcoin spinoff known as Mazacoin has been adopted by a confederation of seven Native American tribes as their national currency. The Oglala Lakota Nation has expressed hope that it will draw the tribes out of poverty. “I think crypto-currencies could be the new buffalo,” head of the Lakota Nation, Payu Harris, told Forbes. “Once,…
In a nearly $13 billion settlement with the US Justice Department in November 2013, JPMorganChase admitted that it, along with every other large US bank, had engaged in mortgage fraud as a routine business practice, sowing the seeds of the mortgage meltdown. JPMorgan and other megabanks have now been caught in over a dozen major frauds, including…
Many countries around the world are plagued by all kinds of armed rebellions, economic sanctions, civil wars, “democratic” coup d’états and/or wars of “regime change.” These include Ukraine, Venezuela, Syria, Thailand, Iran, Afghanistan, Iraq, Egypt, Yemen, Somalia and Lebanon. Even in the core capitalist countries the overwhelming majority of citizens are subjected to brutal wars…
The big currency reset. It’s not a case of ‘if’ – it’s a case of when. Don’t expect your provincial Secretary of Treasury or Chancellor Exchequer to warn you about what is coming around the corner, because they are either too stupid to know, or too busy covering their own backsides. To understand where we…
Let’s compare what China’s leadership has actually done to what America’s elite dreams it can get away with. Alasdair Macleod of Gold Money said China has cornered the gold market. Macleod said the total Money Supply of the 50 largest nations is $67 trillion. Outside the public banking system is the Shadow Banking System which…
The Mt.Gox saga just gets sadder and sadder. Not only did the company file for bankruptcy, but Mt.Gox CEO Mike Karpele went on Japanese TV a few minutes ago and admitted that everybody’s money is gone. Gone, gone, gone. How much money? According to one translation of the press conference: “The 750,000 bitcoins we kept…
by Stephen Lendman A new Tax Justice Network (TJN) USA report reveals an estimated $21 – $32 trillion of hidden and stolen wealth stashed largely tax-free secretly. Titled “The Price of Offshore Revisited,” it explains what financial insiders know but won’t discuss. Many of them have their own hidden wealth. TJN describes a “subterranean” systemic…
The civilized world is still reeling from the brutal murder of Russia’s Czar Alexander II just 4 months earlier. Now America is about to lose its 2nd President in 16 years to an assassin’s bullet. James Garfield is an Ohio Republican who has only been in office for four months. The state of Ohio will…
The Bitcoin exchange industry has moved to reassure holders of the virtual currency amid reports 6% of Bitcoins in circulation, worth roughly $375m (£225m), have been stolen. The once-mighty Mt Gox exchange reportedly lost them in a cyber attack, with an apparent internal document suggesting more than 740,000 Bitcoins are missing… Continue Reading… http://news.sky.com/story/1216846/bitcoin-turmoil-after-mt-gox-exchange-theft
The dismal trail of dead bankers continues. As The Journal Star reports, a successful Lincoln businessman and member of a prominent local family died last week. Former National Bank of Commerce CEO James Stuart Jr. was found dead in Scottsdale, Ariz., the morning of Feb. 19. A family spokesman did not say what caused the…
The US Federal Reserve knew about Libor rigging three years before the financial scandal exploded but did not take any firm action, documents have revealed. According to newly published transcripts of the central bank’s meetings in the run-up to and immediate aftermath of the collapse of Lehman Brothers, a senior Fed official first flagged the…
As we showed over the weekend, it is abundantly clear that for all the talk of reform, Chinese authorities have found the gap between words and deeds uncrossable. First, Chinese authorities bailed out the relatively small CEG#1 Trust (for fear of contagion); second, the PBOC injects CNY 375 bn into short-term repo to save banks…
If the petro-dollar ends, the American way of life will be something that will be destroyed. The inflation will be over 100% because Americans are getting their lifestyle subsidized by the rest of the world. This is a very complicated issue… but to be summed up quickly, the world has already started trading commodities and oil, not…
“If the America people ever allow private banks to control the issuance of their currencies, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their prosperity until their children will wake up homeless on the continent their fathers conquered.”
“Whoever controls the volume of money in our country is absolute master of all industry and commerce…and when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.”
“Practices of the unscrupulous money changers stand indicted in the court of public opinion, rejected by the hearts and minds of men”
By Terry Wilson Posted on April 13, 2012m: National News In recent articles that we have published, we explain the crime of the Canadian Banking system. How it came into fruition, and even had it explained to us all by a courageous 12 year old girl. But the article that read today. Shows us,…
The Stock Market: Food Stamps for the 1%
RIELPOLITIK 