In Kreuzberg, Berlin, virtual currency Bitcoin has expanded off the internet to become a favoured medium of exchange in real shops and bars. Joerg Platzer, the owner of bar Room 77 is helping to establish what he believes to be the world's first Bitcoin local economy.Read more »
A critical document from President Barack Obama's free trade negotiations with eight Pacific nations was leaked online early Wednesday morning, revealing that the administration intends to bestow radical new political powers upon multinational corporations, contradicting prior promises. The leaked document has been posted on the website of Public Citizen, a long-time critic of the administration's trade objectives.Read more »
That's their long-term plan.
“We’re headed in the right direction,” explained Rep. Chaka Fattah (D-PA) said on MSNBC’s Al Sharpton program. And then he went on to explain how Obama will win among unemployed who wish to keep “their benefits.”Read more »
Shopping in Kitchener, ON, Canada, saw this sign by the checkout addressing accepting American currency. Couldn't help but laugh.Read more »
The 5 largest banks in the US are conspiring to not have to pay on the Credit Default Swaps they wrote, by using a shadowy organization called the "International Derivatives and Swaps Association". The problem for these bankers is that if they do, they will be insolvent and will make the 2008 economic crisis look like a warmup. They know that they will be blamed for the collapse and are desperate in their attempts to keep it from happening.
This article explores how the bankers will call on their hired politicians, police enforcers, and militaries to distract the public from their crimes.Read more »
I found this to be very interesting reading and decided to post it here for the Free Talk Live crowd. Roepke was the principal champion of a humane economy: that is, an economic system suited to human nature and to a humane scale in society, as opposed to systems bent upon mass production regardless of counterproductive personal and social consequences.Read more »
Much like the “T(axed) E(nough) A(lready)” groups that formed in 2009, the Occupy groups are only seeing part of the problem.Read more »
Governments around the world are getting pretty desperate to make their money profitable. Collectors have been pandered to before, but it's never been done in such a grossly commercialized way.
Color images of cryptids on Canadian money, and Star Wars coins being issued by the New Zealand mint? The government really is issuing play money now.Read more »
Mark Zandi, an economist, called from the airport in Orlando with news: “The fundamentals of the U.S. economy are better than they have been in 15 to 20 years.” As Zandi was delivering his ebullient tidings, the stock market was crashing for the third time in a week, on this day an awful 520 points. Proximity to Mickey Mouse can induce an undue feeling of cheeriness, but Zandi showed me the figures. American households have pared their debt—significantly. Corporations are rolling in cash. Banks are profitable and far better capitalized.Read more »
Retirees might have to give up half of their pension or risk losing it all.Read more »
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