Maybe, just maybe, you shouldn't take financial advice from radio talk show hosts.Read more »
Arizona could soon become the second U.S. state to recognize gold and silver as legal tender if the Arizona House approves SB 1439.Read more »
In case you hadn't seen, Erowid is accepting donations with Bitcoin. I haven't heard it mentioned recently (that I remember), but it used to be a favorite website on FTL. From the site: "Erowid is a member-supported organization providing access to reliable, non-judgmental information about psychoactive plants, chemicals, and related issues. We work with academic, medical, and experiential experts to develop and publish new resources, as well as to improve and increase access to already existing resources.Read more »
Ever since the bitcoin cryptocurrency first launched and achieved initial success, institutional investors and hedge fund managers have secretly sought a regulated investment vehicle for bitcoin placements. Malta-based Exante Ltd. has the solution with their new Bitcoin Fund. “I hope our fund will be the first hedge fund to take advantage of using bitcoins,” explains Managing Partner Anatoliy Knyazev. Exante actually announced the fund in October last year, but they did not make a serious effort to market it.Read more »
A Bitcoin transaction services company says that hackers broke into one of its brokerage accounts last week, nabbing more than $12,000 worth of the digital currency. That attack knocked Bitinstant offline over the weekend. The company says that while it lost Bitcoins, no customers were affected by the hack.The criminals were able to take control of Bitinstant’s internet domains by convincing its domain registrar, Site5, to hand over control of the company’s Domain Name Service.Read more »
WinPoker.com, on the iPoker network, is adding Bitcoin support for deposits and withdrawals, pokerfuse can exclusively reveal. It is the first time a poker room on any major online poker network has added first-class Bitcoin support to the cashier. Deposits can be made by sending BTC directly through the cashier on the WinPoker website to the room’s Bitcoin wallet. As soon as the system receives the funds—typically within ten minutes—the money will be credited to the player’s account. If players store their wallets on smartphones, depositing can be as simple as scanning a QR code.Read more »
An armored trucked crashed along Interstate 81 and spilled out its cargo of $10 million in silver bars. I thought those armored bank trucks were made of sterner stuff, but carrying that much weight, I guess it’s more likely the silver broke out than the crash broke in. I bet a truck carrying $10 million in paper would have been just fine.It’s a pretty good metaphor. If you think of the controlled economy as an armored truck, when this thing crashes paper money crashes with it, but silver breaks free. It has economic momentum.Read more »
Insanity abounds! An old suggestion has resurfaced that was originally made during the debt ceiling crisis in 2011. Cullen Roche, writing for the Pragmatic Capitalist, shared a suggestion sent to him by one of his readers, and the unusual idea had made it all the way to the desks of Yale law professors and court economists. Now the suggestion has resurfaced, this time from Brad Plumer, writing for the Washington Post. To solve the economic crisis all they have to do is issue two shiny new platinum coins worth … wait for it … $1 trillion dollars each!Read more »
It’s a fun way to introduce any comic enthusiast to the evils of the Federal Reserve and the virtues of honest money. As they read about the Rebels taking on Fed thugs they can feel the weight of the silver in their hand and have some idea what we’re all fighting for.Read more »
The Wall Street Journal report calls the Turkish gold payments a “loophole in Western sanctions” which ban Iran from receiving payments in US dollars, but it’s far more than that. A “loophole” at least operates within the framework of the policy. Abandoning the US dollar to circumvent the entire policy is a thumb in the eye to US legitimacy, and the global banking system.Read more »
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