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Goldman Sachs Director and former retail insider joins Bitcoin exchange

For Bitcoin users, the holy grail of acceptance would be when mainstream retailers fully recognize the digital currency as a legitimate form of money to buy and sell goods.  On Dec. 28, this dream may have just received a major push forward as a current Director at Goldman Sachs, as well as current Cisco board member and former board member of Walmart, signed on to assist a Boston based Bitcoin exchange tha ...

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Wall Street adviser suggests guns and ammo needed for financial apocalypse

One day before the Christmas holiday, a well respected Wall Street adviser provided some interesting suggestions to a group of investors wondering about economic turmoil in the coming days.  In a memo as part of a series titled, Potential for a Financial Apocalypse, financial adviser and Forbes contributor David John Marotta suggested that in any list of items people should have ready in case of a financial ...

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Black Thursday Redux: Stores offer massive discounts after Christmas due to poor holiday sales

With holiday sales down an estimated 21% in the final week leading up to Christmas, retailers are seeing a massive drop in revenues needed to profit from a overall bad year of sales.  So to deal with an overstocked inventory, retailers en masse are offering discounts nearly equivalent to those of Black Friday (Thursday this year), beginning on the day after Christmas. Buy one, get one free. Macy's rolls out ...

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The Grinch who stole Christmas for retailers

Twas the night before Christmas, and all through town, not a creature was stirring, just some retailer frowns.  Their products were stocked on the aisles with care, in the hopes that some customers would come buy their wares. Unfortunately, that Christmas wish isn't happening as retail traffic is down 21% from last year in the last week of holiday shopping. However, while the early start to shopping season ...

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Obama signs Executive Order raising govt. employee salaries

It has been an interesting month for government workers.  On one hand, Congress and the President signed a new budget deal which will reduce military pension benefits for servicemen around the world.  And On Dec. 23, the Commander-in-Chief issued a new Executive Order to increase salaries for non-military Federal workers at a rate of 1%. Federal employees in January will get their first across-the-board pay ...

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Federal Reserve’s Legacy on its 100th Anniversary

December 23 marks the 100th anniversary of the creation of the Federal Reserve, and the ushering in of a new era of monetary policy and control over our banking system.  And in those 100 years, America has seen itself rise to become the most powerful economic power in the history of the world, and be the primary force over monetary and financial policies implemented in the global economy. However, there is ...

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Issac Asimov’s predictions for 2014 from the 1964 World’s Fair

More than simply a science fiction writer, Isaac Asimov was also a visionary of the future.  Known as the father of robotics for his work in writing on their evolution, functionality, and consequence, Asimov provided a unique perspective on how he saw machines taking over normal functions for everyday people during a conference at the 1964 World's Fair. And in particular, he singled out 2014 as the year for ...

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Barney Frank joins CNBC to become the face for financial corruption

On Dec. 20, CNBC Managing Editor Nick Dunn announced that Barney Frank, former Congressman and head of the House committee on monetary policy, will become a contributing analyst on the financial cable network.  Frank's long history of corruption and conflict of interest will fit in perfectly with a network that is hemorrhaging viewership, and has become little more than a propaganda arm of the corrupt finan ...

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Obamacare will backdoor limited travel restrictions on insured Americans

It seems that for the lifetime of the program, Americans will be discovering new restrictions imposed upon them from the new Affordable Care Act.  The latest one, which has yet to see its full effects on the population, is a backdoor restriction on travel as Americans insured through Obamacare policies will not have access to doctors outside of their local areas, thus limiting one's ability to move as they ...

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Helicopter Ben initiates taper in one of his last acts in office

On Dec. 18, as Federal Reserve Chairman Ben Bernanke prepares to pass the torch to underling Janet Yellen, the man responsible for QE 4EVA has initiated a small taper on the central banks bond buying program, and will remove $10 billion monthly from their toxic asset purchases. *FED TAPERS QE TO $75 BLN MONTHLY PACE, STARTING IN JANUARY *FED SAYS `FURTHER MEASURED STEPS' POSSIBLE ON TAPERING *FED: EXCEPTION ...

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Eurozone looks to embrace Bitcoin with taxes and regulation

There are many different ways a power structure deals with an up and coming threats to their empire.  They can either ignore it, attempt to suppress it, seek to dominate it, or lastly, initiate programs to co-opt it. The last option seems to be the one that the Eurozone is choosing to embark upon as on Dec. 15, Europe's top banker, along with Switzerland, are mulling proposals to not only recognize Bitcoin ...

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Ron Paul: One hundred years of failure

On Dec. 16, former Congressman and anti-central bank activist Ron Paul provided insight on the effects of the U.S. central bank, and what 100 years of the Fed has done to create the monetary crisis America is experiencing today.  Just one week before the anniversary of the highly controversial bill that changed the course of America forever, Paul adamantly shows that one hundred years of failure is the end ...

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