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Government seizure of $3 billion in Bitcoin from criminal organization helps push the meme that cryptos are only for lawbreakers

To wit, most governments to this point have dealt with Bitcoin and other cryptocurrencies using a velvet glove.  By this we mean they have primarily used propaganda and rhetoric to try to dissuade the general public from moving into it, or instituted minor threats such as focusing on making sure Bitcoin sellers pay their rightful taxes to try to limit its use in the general economy. However one of their big ...

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In the wake of the Kate Steinle verdict in San Francisco, the House submits new bill to penalize public officials over sanctuary cities

One of the most egregious rules in government at any level is that elected officials cannot be held responsible for laws or actions they undertake that lead to veritable harm to the citizenry.  And whether it is in the form of unlawful gun control rights that have led to the death of innocent victims unable to protect themselves from criminals, or in the most recent case of a sanctuary city where an illegal ...

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Government crackdowns on domestic Bitcoin trading will continue if capital flight becomes a serious issue

What a difference a year makes for Bitcoin. At the beginning of 2017 the cryptocurrency not only began its meteoric rise in price compared to the world's global currencies, but it also saw numerous governments commence their first real set of regulations and outright crackdowns as more and more investors used Bitcoin as a means to get out of their domestic currencies and into what they perceived were more s ...

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Following last week’s coup to oust Zimbabwe’s Mugabi, Venezuelan President Maduro tries desperate move with new sovereign cryptocurrency

As Zimbabwe began moving into its newest round of monetary hyperinflation, the government finally decided to step in last week and force out the long reigning dictator Robert Mugabi.  And with Venezuela also residing in a state of hyperinflation and imminent insolvency, President Maduro appears to be trying one last desperate act to stay in power by announcing on Dec. 3 plans to create a sovereign cryptocur ...

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Fed is fighting the last war and incapable of dealing with coming collapse that could be six times greater than 2008

According to economist Jim Rickards, the global financial system could very easily see a meltdown six times greater than what took place in 2008, and where central banks today would be incapable of handling such a collapse.  And One of the primary reasons for this according to Rickards is that the Fed, along with other central banks, are 'fighting the last war'. In a famous documentary about World War I, hi ...

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Trump victory over Obama holdovers at the CFPB who are alleged to have conned banks into funding ant-Trump organizations

When two of the biggest swamp dwellers in Washington pushed through the corrupt Dodd-Frank Banking Reform Act back in 2010, one of the by-products of this egregious legislation was in the creation of the Consumer Financial Protection Bureau.  And with prior Obama era holdovers actually suing the Trump administration for replacing them in offices they felt 'entitled' to have, a judge laid down the law on Nov ...

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A tale of two ‘cities’ American style

On Black Friday (Nov. 24), Amazon stock shot up during the day's market trading session which allowed CEO Jeff Bezos to become the first American to be worth over $100 billion... at least on paper.  And when you couple his wealth with the other two richest men in the U.S., their combined riches are greater than the total accumulated wealth of the bottom 50%. However the rapid increase in wealth for these me ...

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While the last few years of populism have been focused on the political, expect the next leg of change to be economic

In an interesting correlation between today and the last great populist movement from the 20th century, each stage of the movement appears to be going in lockstep with what took place during the previous cycle of the 1920's and 30's.  And in a new study published by billionaire hedge fund manager Ray Dalio, that next step following the political unrest of a populist uprising is the pendulum swinging around ...

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After creating a dollar denominated cryptocurrency, Coinfix is setting their sights on several others

Last week, Coinfix announced they had created a new cryptocurrency that would be focused on the dollar, and denominated in it with a 1:1 exchange rate.  Now on Nov. 20 the company is ramping up their scope to soon include several other sovereign currencies in their cryptocurrency model. Blockchain company Coinfix which recently launched a US dollar-backed digital currency called USC, based on smart contract ...

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Obamacare premium spikes in 2018 now greater than two thirds of a family’s wages in some areas

Just as in 2016, Obamacare could remain one of the major hot button topics for voters going into the 2018 mid-term elections.  And unless the Congressional Republicans can hammer out some form of repeal, replace, or adaptation of the Healthcare Act before the end of 2017, then premiums are expected to once again skyrocket for the majority of American families next year. And how high might some of these prem ...

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No new ideas: Congressional Democrats want to bail out state pension debts with… more debt

If there is one thing you can always set your watch to is that with Democrats in Congress, the solution to any problem is to spend more money and create more debt.  And as such it should come as no surprise when a week ago a Senator from Ohio announced plans to introduce a new bill intended to help bailout state pension funds with... Treasury debt. That's right... the solution for underfunded debt obligatio ...

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Alibaba implements unique online and offline retail integration in opposition to Amazon’s model of retail takeovers

China's Alibaba and the U.S.'s Amazon are without a doubt the two biggest players in the online retail sphere, however it is becoming very apparent that each have much different ideas on how to expand their individual business models. For Amazon, their focus has been on the acquisition of brick and mortar retail in order to integrate them in a way that will most likely lead to the destruction of competition ...

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