Trump risks trade war with dated claim that China manipulates currency

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During his presidential campaign, Donald Trump said he declare China a currency manipulator on “day one.” He hasn’t done so yet, but the new administration looks ready to, risking a trade war between the world’s two largest economies. In his confirmation hearing, treasury secretary nominee Steven Mnuchin told senators that China’s currency manipulation was

Obama Creates Propaganda Ministry; Now Trump Owns It

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Just before the Christmas holiday, former President Obama signed into law the National Defense Authorization Act which provides funding for the military. Buried inside the NDAA was another bill that officially establishes an anti-propaganda center in order for the State Department to recognize, understand and expose counter foreign state and non-state propaganda and disinformation efforts aimed

The Real Reason Republicans Hate Obamacare

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I think it is time to address to address the really black elephant in the room because it seems like people have been ignoring this humongous black elephant – that has an ass so big that it touches every corner of the room – for a long time. Donald Trump, Paul Ryan, 99 percent of the

$BITCF The Money Solution for the Cannabis Industry

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First Bitcoin Capital (BITCF): The Money Solution for the Cannabis Industry First Bitcoin Capital Corp. (BITCF) is the first publicly-traded Bitcoin entity to enter the arena. Without a doubt, the company is unlike any other right now and can tap into two emerging growth markets: Blockchain/ Fintech and the cannabis space. BITCF is positioning itself as

Checks & Balances Aren’t Enough to Stop Trump’s Agenda

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Wouldn’t the checks and balances of the U.S. government stop most of Donald Trumps acts? No. Not unless we

A New Low For Wells Fargo: Are You Still Using Gross Big Banks?

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Stories about big banks deceiving their customers have become so commonplace, they’re almost not newsworthy more. However, some examples are particularly egregious, particularly when the bank in question keeps breaking the law over and over again. Case in point: San Francsico-based Wells Fargo, which only last fall paid a relatively paltry fine of $185 million (consider

Will MasterCard Send Kill Bitcoin?

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With all due respect to Betteridges Law, which states that any opinion piece headline that is a yes/no question will invariably be answered no, the answer is no.http://www.freestockphotos.biz/stockphoto/8200

MasterCard Send is a new service that will allow card holders to send money, domestically and internationally, instantly for low cost. Currently operational in the US, the service will allow both banked and unbanked individuals to get payments through deposits to their credit cards, bank accounts, or to payment agents.

This service would seem to be a direct challenge to the rise of virtual currencies like Bitcoin and may in fact be inspired by them. Here are some ways the service will fall short:

  • The service is mostly being marketed to businesses, possibly as a roll-out strategy, but also possibly showing a fear of making the service generally accessible.
  • Though money might be collected from authorized money exchanges if the recipient doesn’t have a bank, its unclear if the person sending the money will need to be banked.
  • There is no word about the fees involved. It is very possible that it will be economical for large institutions to send large amounts of money, but be completely impractical for smaller users.
  • This is a centralized system, completely controlled by MasterCard. Thus, every transaction will be monitored and reported. No sending money to anyone or any organization that MasterCard or your local government dont like.
  • Although there will be some facility in remitting money, this is not a currency in-and-of itself and will provide no hedge against inflation, devaluation, or financial collapse: things Bitcoin was designed for.

Interestingly, Barb King, a group head in the MasterCard Payment Systems Integrity Group, described said of the service, consumers are much more comfortable giving their personal details to their financial institution than they are to many other types of entities. This is a very telling quote that seems to miss the point of Bitcoin altogether. If you dont want to, there is no need to send personal information at all to the recipient. A case in point is that one of the ads in the sidebar of this article is run by A-Ads, a service that needs only a Bitcoin address to register and makes payment to that address.

Even more, its funny that an industry leader would say that people are comfortable giving them personal information. They do because they recognize the type of service it is, but they would definitely prefer to not have all their purchases tracked.

The creation of MasterCard Send make sit clear that the industry is paying attention, but at the end of the day, its going to be a day late and a dollar short.

Bill Moyers: Donald Trump Is Turning American Democracy into Demolition Derby

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We’re a week into the Trump administration and it’s pretty obvious what he’s up to. First, Donald Trump is running a demolition derby: He wants to demolish everything he doesn’t like, and he doesn’t like a lot, especially when it comes to government. Like one of those demolition drivers on a speedway, he keeps ramming his

A famed journal blacklist is dead. Long live a blacklist!

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T he community of science watchdogs has lost an important voice with the sudden and mysterious takedown of a website devoted to outing unscrupulous publishers. The site, Scholarly OA (for “open access”), listed more than 1,000 so-called predatory journals and publishers – those that prey on unsuspecting researchers hoping to publish their work, then charge massive

Bitcoin and the Nuclear Clean Up of Pacific Islands

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Between 1977 and 1980, the US military cleaned up the Enewetak Islands of nuclear debris created by years of testing done over the islands. The reason for the cleanup By Mkupi (Magnus Mertens) [CC BY-SA 2.0 de (http://creativecommons.org/licenses/by-sa/2.0/de/deed.en)], via Wikimedia Commonseffort was, seemingly noble, to prepare the islands to be returned to the Enewetakians who had been displaced to allow the tests to occur. Its good that the cleanup was ordered, but that does seem to forget the ethics of removing this people from their home in order to blow it up over and over again.

Originally, according to the New York Times, 40 million dollars was to be used for the cleanup and state-of-the-art suits and procedures were to be used to protect the health of the contractors who were to do the work. But congress, in its wisdom, decided that price was too high,ordered that the military do the work, and ordered that costs be cut as much as possible.

Tim Snider was one of the soldiers who cleaned up the island, and the NYT has a nice photo of him being suited up in protective gear. Snider says that that was the only time that he got to see that suit. A photo was snapped and the suit was whisked away. He then cleaned the nuclear fallout in shorts and a T-shirt. That was one of the cost saving devices — let the soldiers work unprotected.

Now 35-some years later, the men and women who worked on te cleanup are falling ill, and the US government is refusing to pay for their medical expenses claiming the tumors and brittle bones seen by these veterans has nothing to do with the highly-dangerous work they were required to do. The military says that all possible protective procedures were used, but that claim differs from what the soldiers themselves say.

To back up the claims of the veterans, there are the plethora of ailments they now face, if they are even still alive. To back up the claims of the US government, there is the word of the the US government, and lost records.

So, what the hell does this have to do with Bitcoin??

Easy. The same people who ordered hapless soldiers to clean up high-toxic radioactive waste in T-shirts are the same people who are actively in the process of funneling the wealth of the nation to the top %1, destroying social safety nets wherever they exist, wreck the educational system for all who dont have the wherewithal to pay for every textbook and pencil they use.

This is no conspiracy theory. This is observing people acting in their own interests, shortsightedly, and with a complete lack of empathy or understanding of the suffering they cause.

Right now our society is transitioning from a cash-based to digital based. We use credit cards, debit cards, online payment systems, etc. When we used cash, even if we held the money in the bank, we had the option of taking the money out and making ourselves fully responsible for our financial welfare. Now that most transactions are digital, the banks and government are fully aware of and in control of every penny we spend — and if it should happen that a leader appears that, for whatever reason (our ideology, are religion, our hair color), that leader will be able to cut us off from our money at a whim and there will be no appeal.

We have already seen this as payment processors have been required to stop payments to organizations they dont like, like Wikileaks. Whether you agree with Wikileaks project or not is immaterial If they can do it to Wikileaks, they can do it to anyone.

Take control of your liberty, take control of your future: Bitcoin