“What The Hell Is It?” – 74 Cryptocurrency Questions Answered

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

We Are Already In Depression (If Borrowing Money Is Not Income)

The data and chart comes from the Federal Reserve Economic Data base (FRED.) It is Gross domestic Product minus Treasury Debt. If you download them to a spread sheet GDP is expressed in billions so 1,000,000,000 is expressed as 1, while Federal Debt is expressed in millions so 1,000,000,000 is expressed as 1,000. That is why the chart is (Gross Domestic Product * 1000.)

 

Do you consider debt as income? Before you answer that, let’s perform a thought experiment. Imagine that you had taken a long cruise last fall and charged $10,000 to an American Express card. When you did your taxes this year, would have told the IRS that you had $10,000 income from American Express? Of course you wouldn’t. Suppose a major oil company issues $800 million worth of bonds to develop a new old field. Would the company report that as income to the stockholders or the IRS? Of course they wouldn’t. I am sure those sound like silly questions as the answer is a self evident “NO!” We do not consider borrowed money as income. It is a liability that must be paid back. Then why do we count Federal Government debt when measuring national income? I will leave speculation as to the “why” to the readers and focus on the fact that we do count new Treasury Debt as income. Continue reading

The FOIA Request: What You Need to Know About Digging Deep into the Deep State

 

Can the deep state be defeated? That’s the persistent question I get on a daily basis. The answer is yes, and here’s how.

Over the past several decades, the federal government has become a big, intimidating, and sometimes scary behemoth to the America people. As a result, American citizens have become more and more distrusting of their elected representatives, political appointees, and civil servants. In fact, according to the Pew Research Center, only 20% of Americans trust the federal government to do what is right all or most of the time. Continue reading

Info war specialist: Obama administration weaponized U.S. government to destroy Trump

Greenpeace protesters unfold a ‘Resist’ banner from atop a construction crane behind the White House on Jan. 25.

 

In an unprecedented move against a presidential successor, former President Barack Obama weaponized the IRS, FBI and Department of Justice to undermine President Donald Trump, according to an information warfare specialist.

Dr. J. Michael Waller said that no other president has had their predecessor organize private funds to undermine him as Obama has done in concert with the resist Trump movement. Continue reading

The Sports Cycle and Western Society

superbowl

 

In May 2015, U.S. federal prosecutors filed criminal indictments against fourteen FIFA employees and associates in connection with an investigation by the United States Federal Bureau of Investigation (FBI) and the Internal Revenue Service Criminal Investigation Division (IRS-CI) into wire fraud, racketeering, and money laundering which was all centered around bribery. Then 16 more officials were indicted in December 2015. We also see that Super Bowl viewership peaked in 2015 at 115 million and has begun to decline from a major 26-year high. Last year, Super Bowl viewership fell to 111 million, which is actually the Bearish Reversal. So if 2017 comes in under 111 million, this will confirm sports have begun a bear market. This is yet another parallel with the decline and fall of the Roman Empire. Continue reading

“Sell Everything Now” David Stockman Warns, America Faces “Total Disaster…Partisan Warfare”

Please see the source for the video.

 

“Under a Trump victory, all bets are off,” warns former Director of the Office of Management and Budget under President Ronald Reagan, David Stockman. “I like [Trump] because he’s against the establishment, but he has no economic program. Yes, he’s a disruptor, but has nothing to disrupt with,” Stockman told CNBC, “if elected, it will be partisan warfare and a total disaster.”

“The markets are hideously inflated… If you don’t sell before the election, certainly do it afterwards. Government is going to be totally paralyzed regardless of who wins… There could be a 25 percent draw down on markets.” Continue reading

US Government Preparing for Massive Civil Unrest

The Federal government is arming every agency from the IRS to the State Department for domestic purposes. This is clearly a response to what they know is coming. There is no question that they are preparing for an uprising. They know that socialism is collapsing. Rather than reform the political economy, they are digging in their heels and getting ready to fight the civilian population. Many are starting to investigate this very unusual trend. This is very alarming. They are watching Europe and know any trend that starts there, always come here — not just fashion. Continue reading

Record number of Americans renounce citizenship

According to IRS data published in the Federal Register on Monday, 1,426 Americans expatriated in the third quarter of 2015, bringing this year’s total to 3,221 so far. The figure is 25 percent higher than the same period last year, when 2,585 renounced their citizenship. Continue reading

Sources: IRS believes massive data theft originated in Russia

Washington (CNN) The IRS believes that a major cyber breach that allowed criminals to steal the tax returns of more than 100,000 people originated in Russia, two sources briefed on the data theft tell CNN.

On Tuesday, the Internal Revenue Service announced that organized crime syndicates used personal data obtained elsewhere to access tax information, which they then used to file $50 million in fraudulent tax refunds.

An IRS spokeswoman said the agency does not discuss ongoing investigations.

Continue reading

Foreign Firm Funding U.S. Green Groups Tied to State-Owned Russian Oil Company

Ever wonder who’s behind the drive to sabotage oil independence in America under the guise of radical environmentalism? Look no further than Russia — and they’ve been doing it for decades. It didn’t just start with fracking.

Read the full article only if you can stomach seeing how strong of an undetected stranglehold Russia has on America.

 

https://i0.wp.com/s3.freebeacon.com/up/2015/01/Rosneft.jpg

 

A shadowy Bermudan company that has funneled tens of millions of dollars to anti-fracking environmentalist groups in the United States is run by executives with deep ties to Russian oil interests and offshore money laundering schemes involving members of President Vladimir Putin’s inner circle.One of those executives, Nicholas Hoskins, is a director at a hedge fund management firm that has invested heavily in Russian oil and gas. He is also senior counsel at the Bermudan law firm Wakefield Quin and the vice president of a London-based investment firm whose president until recently chaired the board of the state-owned Russian oil company Rosneft.

In addition to those roles, Hoskins is a director at a company called Klein Ltd. No one knows where that firm’s money comes from. Its only publicly documented activities have been transfers of $23 million to U.S. environmentalist groups that push policies that would hamstring surging American oil and gas production, which has hurt Russia’s energy-reliant economy. Continue reading

The height of idiocy: US Government hijacks the whole Swiss banking system

True story.

One of our SMC members just received a package from HSBC giving him and his wife a deadline to comply with FATCA—US’ global tax law.

But suddenly they had just four weeks to prove that they were not US taxpayers, all because at one point they had purchased a service that gave them a US phone number.

And now they, as Canadian citizens and residents, have to submit a fully completed W8BEN IRS form, along with a government issued photo ID and a detailed letter of explanation to make it very clear that they were not in fact Americans.

It used to be that foreigners were vying to become US citizens, but today they’re begging not to be confused as one. Continue reading

Report: 4 in 10 Government Security Breaches Go Undetected

DHS, DOJ, DOD, EPA, NASA, Energy, State routinely hacked

A new report by Sen. Tom Coburn (R., Okla.) details widespread cybersecurity breaches in the federal government, despite billions in spending to secure the nation’s most sensitive information.

The report, released on Tuesday, found that approximately 40 percent of breaches go undetected, and highlighted “serious vulnerabilities in the government’s efforts to protect its own civilian computers and networks.” Continue reading