Four banks in the Islamic Republic of Iran have developed a gold-backedcryptocurrency called PayMon, financial news website Financial Tribune reported on Jan. 30.
According to the article, the crypto asset has been developed in cooperation with the Parsian Bank, the Bank Pasargad, Bank Melli Iran and Bank Mellat. Iran Fara Bourse, an over-the-counter (OTC) cryptocurrency exchange, will reportedly list the new cryptocurrency. Continue reading
U.S. Marines participate in a military exercise / Getty Images
Defense Science Board warns military supply system ‘decayed’ and needs rapid upgrading
The strategic American military system for moving troops, weapons, and supplies over long distances has decayed significantly and needs rapid upgrading to be ready for any future war with China or Russia, according to a report by the Pentagon’s Defense Science Board.
A special task force on survivable logistics evaluated the military’s current airlift, sealift, and prepositioned equipment and supplies and found major problems with supporting forces during a “high-end” conflict. Continue reading
I had written about some observation from singularity university almost 18 months back and if you look around then it seems everything is falling in place.
The original article below:
Singularity University, based in NASA Campus in Silicon Valley is the world’s leading learning-cum-incubator university for innovation and technology set-up in collaboration with NASA, Stanford etc and we had leading Silicon Valley entrepreneurs presenting here including the guy behind Google Maps.
OBSERVATIONS OF VARIOUS SPEAKERS THERE:
We are witnessing more disruption in human history over next 10-20 years than what we have seen in the last 20,000 years. Their prediction is that 60% of Fortune 1000 companies will be out of business in just next 10 years. Continue reading
Though the list of topics covered in this 40-minute interview was quite extensive, since our last conversation with Lex several months ago on AI’s trillion-dollar disruption of finance, we especially wanted to get his thoughts on how AI and crypto are coming together with this being one of the hottest areas in the venture capital space right now.
According to Lex, we’re now in the process of creating AIs called “decentralized autonomous organizations” that, essentially, won’t be able to be turned off, stopped, or shut down by the government. Continue reading
America’s most powerful weapon of war does not shoot, fly or explode. It’s not a submarine, plane, tank or laser. America’s most powerful strategic weapon today is the dollar.
The U.S. uses the dollar strategically to reward friends and punish enemies. The use of the dollar as a weapon is not limited to trade wars and currency wars, although the dollar is used tactically in those disputes. The dollar is much more powerful than that.
The dollar can be used for regime change by creating hyperinflation, bank runs and domestic dissent in countries targeted by the U.S. The U.S. can depose the governments of its adversaries, or at least blunt their policies without firing a shot. Continue reading
(Photo Credit: Tencent)
Two dozen institutions and government agencies will work together to create a single long-term mechanism for development.
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According to a report from the state-run ChinaNews website, the new partnership is meant to “promote security” in the blockchain industry by establishing long-term mechanisms for the development of the technology within China, ostensibly without foreign involvement. It would also crack down on illegal behavior including ICO pyramid schemes and other forms of fraud. Continue reading
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White House exposes Chinese economic aggression
China’s government is using a multi-pronged strategy to systematically steal advanced American technology as part of economic aggression against the United States, according to a White House report.
The report, based in part on declassified intelligence from the Pentagon and intelligence agencies, provides some of the first public details on China’s industrial policies that have produced the world’s second largest economy, often at the expense of American companies. Continue reading
A great article for those who are still in the dark about cryptocurrencies.
The price of bitcoin has rocketed more than 1,700% year-to-date.
With the price of the cryptocurrency soaring – and mainstream interest surging – Yahoo Finance recently invited readers to send us their top questions regarding bitcoin and other cryptocurrencies. We condensed questions from nearly 3,500 respondents into the list below, and enlisted a team of Yahoo Finance reporters to answer them, including Daniel Roberts, who’s been covering bitcoin since 2012, and Jared Blikre, our authority on trading. Ethan Wolff-Mann and Julia LaRoche contributed as well. Here’s everything you want to know about bitcoin:
1. What the hell is it? In the most general sense, bitcoin is software that forms a decentralized, peer-to-peer payment system with no central authority like the Federal Reserve or U.S. Treasury. It’s fair to call it a digital currency or cryptocurrency, but at the moment, most investors aren’t really using it as currency to pay for things. Instead, they’re using it as a speculative investment to buy in the hope of turning a profit. Maybe a big profit. (And maybe a big loss). Continue reading
Over the last couple of years I’ve been all over TV… from Fox News to CNBC, CNN and Bloomberg. I’ve been telling our fellow Americans that the financial global elite was planning to issue their own globalist currency called special drawing rights, or SDRs.
And that those elites would use this new currency to replace the U.S. dollar as the global reserve currency.
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I’m sure some people in the mainstream media thought I was out of line — but the United Nations and the International Monetary Fund (IMF) have both confirmed this plan to replace the U.S. dollar is real. I’ve made this warning many times, but it seems to be falling on deaf ears. That’s why I’m writing directly to you.
Here’s the proof that the U.S. dollar is under attack, right in front of our eyes:
Global Geopolitics 