Zimbabwe’s trillion-dollar note: from worthless paper to hot investment
The trillion dollar question: inflation in Zimbabwe hit 79.6 billion per cent. Photograph: Tsvangirayi Mukwazhi/AP A trillion, by the way, is a million million. There are 12 zeros in a trillion. Add another two to reach the total on the…
The World’s Fasted Cryptocurrency Creditbit Offer Ten Times Faster Transactions Than Bitcoin
Bitcoin Press Release: Creditbit is an open source digital currency protocol which is 10 times better than Bitcoin when it comes to the speed and rate of transactions. Creditbit prepares for mass adoption by offering an user-friendly and secure cryptocurrency…
God, Cocaine, Forgetting: Trump’s New Economic Adviser
The story of the man who might rewrite America’s tax plan if Donald Trump is elected is, as the mogul might say, really, really fantastic, just terrific. It’s a story of God, cocaine, money and forgetting—but maybe not in that…
Hedge Funds Have Taken Puerto Rico Hostage
In February 2014, Puerto Rico’s bonds were declared junk by Standard & Poor’s – that’s the technical term. The following month, the territory sold $3.5 billion of them, mostly to U.S. hedge funds. It was the final deal in a…
Trump’s Plan to Destroy the Dollar
I was up to my eyeballs in stocks. “If I’m wrong, we’re done,” I told my wife. It was February 2009. As the markets were crashing in 2008, I had made an ALL-IN bet on the U.S. stock market going…
Global Debt – Central Banks And The Rise Of Extremism
Global Debt – Central Banks And The Rise Of Extremism by Danielle DiMartino Booth – Money Strong “Those who honor me I will honor.” So read the scripture on a piece of paper slipped into the hand of 1924 gold…
The IMF – the World’s Most Powerful Mafia
The IMF – the World’s Most Powerful Mafia Like the Mafia helps stabilize poor neighbourhoods in Palermo…or free heroin helps stabilise addicts…the IMF is meant to keep the system functioning. The post The IMF – the World’s Most Powerful Mafia…
Proof That The Top 0.1% Create Crashes
Proof That The Top 0.1% Create Crashes – Jeff Nielson, Sprott Money Our markets and economies are marched up and down in “bubbles” and “crashes”, with the duration of these cycles of financial crime now seeming to be fixed at…
From coast to coast, middle class communities are shrinking
WASHINGTON — America’s shrinking middle class, a growing concern for the economy and a central issue in the presidential race, cuts across virtually all communities from coast to coast, according to a study released Wednesday. The report by Pew Research…
Privacy vs. justice
The FBI paid six figures for a hacking tool to get into San Bernardino shooter Syed Rizwan Farook’s iPhone 5c after Apple refused to unlock it. That’s one down, more than 1,000 lawfully seized phones to go. As recently as…