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Category: Financial, Economy

Polish Central Bank Secretly Funds Anti-Crypto Youtube Propaganda Videos

Coin Telegraph The Central Bank of Poland has admitted to funding anti-cryptocurrency campaigns on social media, specifically Polish Youtuber Marcin Dubiel and his Dec. 2017 video, “I LOST ALL THE MONEY?!,” Polish news portal reports. The social media campaign against crypto was carried out by Central Bank of Poland in conjunction with Polish Youtube partner network Gamellon, Google Ireland Limited, and Facebook Ireland Limited, allocating about 91,000 zloty (around $27,000) for producing anti-crypto content. reports that the Central Bank’s campaign also had videos published on the Planeta Faktów(Planet of Facts) Youtube channel, which has over 1.5 mln subscribers. Dubiel’s Youtube channel has...

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Collective Evolution Prison is big business, and working prisoners are a corporation’s dream. Prisoners are being contracted for work right now on a massive scale, and despite the alarming and unsustainable growth of inmate numbers in the United States, incentive to lock people up is only increasing. This is the income that prisons — comprising one of the fastest-growing industries in the United States, backed by Wall Street — depend on: Now prison labor based in private prisons is a multimillion-dollar industry with its own trade exhibitions, conventions, websites, and mail-order/Internet catalogs (Pelaez 2008). . . . The industry also...

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IRS Warns US Taxpayers of New Scam

24/7 Wall Street Source: Thinkstock The U.S. Internal Revenue Service (IRS) on Tuesday warned taxpayers that of a new tax scam that involves a claim by the scammers that the IRS has erroneously deposited a refund in the taxpayer’s bank account. Scammers then use various methods to reclaim the refund from the taxpayer. The twist to this new scam is that rather than using stolen personal information to file a fraudulent return, the scammers have the refund deposited to the real taxpayer’s account and then demand that the taxpayer repay the erroneous refund. The IRS described two versions of this...

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Will Petrodollar Give Way to Petroyuan? China Makes First Move this March

Mint Press News BEIJING — Wall Street is bracing for a potential shake-up as China is set to launch its first-ever crude oil futures contract late March at the Shanghai Futures Exchange. The move, which had been laid out in 2012 but faced delays over possible market turbulence, could represent a bold step forward in China’s rise as an economic superpower and global hegemon. The contracts will be priced in China’s currency, the renminbi or yuan, marking the birth of what many are calling the “petroyuan.” Despite pessimism over China’s currency shift in U.S. business publications, the introduction of a petroyuan...

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US rejects China-led bid for Chicago Stock Exchange

BBC News The US has rejected a proposed merger between the Chicago Stock Exchange and a Chinese-linked investor group. The decision comes after more than two years of reviews by officials. The tie-up was initially approved by the Committee on Foreign Investment in the United States, pending further approval by the Securities and Exchange Commission (SEC). But US politicians, including President Trump, have said letting a Chinese firm invest in a US exchange was a bad idea. Under the proposal, the Chinese-led North America Casin Holdings group would have bought CHX Holdings, which owns the Chicago Stock Exchange. The...

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Crypto-currency craze ‘hinders search for alien life’

BBC News Scientists listening out for broadcasts by extra-terrestrials are struggling to get the computer hardware they need, thanks to the crypto-currency mining craze, a radio-astronomer has said. Seti (Search for Extraterrestrial Intelligence) researchers want to expand operations at two observatories. However, they have found that key computer chips are in short supply. “We’d like to use the latest GPUs [graphics processing units]… and we can’t get ’em,” said Dan Werthimer. Demand for GPUs has soared recently thanks to crypto-currency mining. “That’s limiting our search for extra-terrestrials, to try to answer the question, ‘Are we alone? Is there anybody...

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A Brief (and Messy) History of Modern Gold Standards

Mises 01/25/2018Marcia Christoff-Kurapovna Although gold prices hit a new high in mid-January, Americans, by and large, are still reluctant about gold. They don’t quite “get it.” This incomprehension is different than that of Americans not “getting,” for example, bitcoin (as few seem to). They may understand gold as a safe haven that has always stood the test of time, war, crises, inflation, etc. Some also understand that no gold proponent advocates harkening back to a mythical 19th century gold hey-day (one that did not exist — certainly not consistently), or recommends re-issuing gold minted currency, or reverting to any kind of...

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U.S., UK government websites infected with crypto-mining malware: report

Reuters Reuters Staff 2 MIN READ (Reuters) – Thousands of websites, including ones run by U.S. and UK government agencies, were infected for several hours on Sunday with code that causes web browsers to secretly mine digital currencies, technology news site The Register reported. Representation of the Bitcoin virtual currency standing on the PC motherboard is seen in this illustration picture, February 3, 2018. REUTERS/Dado Ruvic/Illustration More than 4,200 sites were infected with a malicious version of a widely used tool known as Browsealoud from British software maker Texthelp, which reads out webpages for people with vision problems, according...

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Woman Dragged Out of West Virginia House Hearing For Listing Oil and Gas Contributions to Members

Common Dreams Lissa Lucas traveled the 100 miles from her home in Cairo, West Virginia to the state capitol in Charleston Friday to testify against an oil and gas industry sponsored bill (HB 4268) that would allow companies to drill on minority mineral owners’ land without their consent. Lucas began to testify to the House Judiciary Committee, but a few minutes in, her microphone was turned off. And Lucas was dragged out of the room. Lucas is running for the House of Delegates from Ritchie County, which has been overrun by the fracking industry. “As I tried to give my...

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The Intercept KARL MARX USED to say that unemployed people were capitalism’s reserve army. Though he didn’t invent the term, he meant that capitalism drew its strength from this army, standing at the ready to take a worker’s job if the current one didn’t like it. If unemployment levels are high enough, bosses can pay lower wages and treat workers poorly. If one of them quits, there are plenty more in reserve. But if the reserve army is depleted — if the economy is at full employment, and everybody who wants a job has one — then bosses can’t treat...

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Trump’s $4 Trillion Budget Proposal Unveiled: Here Are The Main Highlights

Zero Hedge As previewed last night, President Donald Trump has proposed to Congress a $4 trillion-plus budget for next year that projects a $1 trillion or so federal deficit and in the biggest surprise leaked last night, and unlike the plan he released last year, never comes close to promising a balanced federal ledger even after 10 years. On, and that was before last week’s $300 billion budget pact is added this year and next, showering both the Pentagon and domestic agencies with big increases. The spending spree, along with last year’s tax cuts, has the deficit moving sharply higher, and spooking...

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The Entire Financial System Turned Upside Down By Crypo In Just The Last Year [VIDEO]

The Dollar Vigilante Published on Feb 11, 2018 Jeff Berwick interviews Simon Dixon, CEO and co-founder of Bnk To The Future, topics include: scaling is the biggest issue in Bitcoin now, policy and regulation key, crypto currencies and blockchain tech can no longer be ignored, Bitcoin still the most decentralized, actually a healthy development environment, the role of Bitcoin Cash, the ICO market, Bnk to the Future’s early involvement, ICOs taken over investment equity markets, bigger than IPOs now, soon to be listed as securities, a new legal framework, regulated and unregulated tokens, defining tokens legally, the Bnk to...

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Alabama Senate Unanimously Passes Bill To Exempt Gold And Silver From Taxation: Constitutional Money

Political Vel Craft MONTGOMERY, Ala. (Feb. 8, 2018) –  Earlier today, the Alabama Senate unanimously passed a bill that would exempt the sale of gold and silver bullion from state sales and use tax, encouraging its use and taking the first step toward breaking the Federal Reserve’s monopoly on money. Sen. Tim Melson (R-Florence) introduced Senate Bill 156 (SB156) on Jan. 11. The legislation would exempt the gross proceeds from the sale of gold, silver, platinum, and palladium bullion in the form of bars, ingots or coins from sales and use tax in the state for five years after the date of...

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Smart meters can overbill by 582%

Boing Boing A team from the University of Twente and the Amsterdam University of Applied Sciences have published a paper demonstrating gross overbillings by smart energy meters, ranging from -32% to +582% of actual power consumption. Ironically, the overbilling is largely an artifact of power-saving features, which introduce line-noise that confuses the meters. Overall, five of the nine smart meters gave out readings much higher than the actual amount of power consumed, while two gave lower readings. The greatest inaccuracies were seen when researchers combined dimmers with energy saving light bulbs and LED bulbs. After finishing their lab experiment, researchers dismantled...

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3 Major Corporate Banks Under Investigation By CFTC For Precious Metals Market Manipulation

Political Vel Craft Commodity Futures Trading Commission: Three Lafayette Centre, 1155 21st Street, NW, Washington, DC 20581, 202-418-5000 Whether the gold and other precious metals markets are manipulated by the big money, or not, is the subject of countless column inches of text in the financial media.  However the evidence of some attempts to manipulate these markets by the big banks, or individuals working for them, is becoming more and more evident.  What is perhaps less certain is whether central banks are involved too in an attempt to protect the dollar. The latest evidence that precious metals markets, among others, are being manipulated...

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The Deep State Stock Market is Plunging

Covert Geopolitics It’s happening. The global stock market is plunging. The Dow index tumbles to its lowest 1-day decline in history, -1175 points. The rest of the global market are all in the red. This must be the beginning of the end for the Wolves of Wall Street. There is suddenly stock-market carnage on Wall Street, shattering what has been a protracted period of low volatility and a mostly uninterrupted climb toward the moon for stocks. There was no clear-cut catalyst for the decline, which came as the long-running rally fueled by improving corporate earnings and strengthening U.S. and...

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