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Like in the EU, U.S. tax authorities now going after Bitcoin users to track their transactions

As most users of the world's biggest crypto-currency know, anonymity and de-centralization from government controls are two of the most important fundamentals that Bitcoin provides to individuals.  And in recent months around the world these protections having been at the center of much legislative discussion, especially in the wake of a growing loss of confidence in fiat currencies, and the inevitable comi ...

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EU drafts new law allowing for banks to suspend payments to creditors in the event of a crisis

When you see governments, regulators, or central banks institute new financial laws on very short notice then it should come as a warning sign to everyone that a financial or monetary crisis is very real, and very near. Last year the European Commission passed a law forcing every Eurozone nation to have to pass their own sovereign bail-in laws before December 31, and even threatened multiple countries who w ...

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Singapore and Sweden the next to countries looking to replace cash with a digital or blockchain currency

If the events taking place right now in India are any indication, then the rush by central banks and financial institutions to get rid of physical cash and move banking into purely digital environments are not too far away.  And just this week alone two countries, Sweden and Singapore, are starting the process to implement either a digital, or blockchain based currency. Sweden: The Central Bank of Sweden is ...

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In the aftermath of the Wells Fargo fraud the bank has lost 40-50% of new business in accounts and credit cards applications

Despite the fact that the now former CEO of Wells Fargo tried to tell Congress and the business media that what Wells Fargo did to its own customers by opening millions of accounts and credit cards without their knowledge was just a simple 'mistake', the revelations of their fraud are now being seen in new customer applications. In a report by Wells Fargo on Nov. 17 for the month of September, the nation's ...

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The real Asian pivot: Russia and China see potential in the ending of sanctions and U.S. joining the AIIB

As President Barack Obama gets ready to go out on his final foreign 'road show' this week, the world waits in anticipation to see if President-Elect Donald Trump could not only heal the wounds of disassociation that America has suffered over the past eight years under Obama's foreign policies, but if the new Commander in Chief is ready and willing to be an equal partner in forging a new financial and econom ...

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Market chaos since Trump victory was already set in stone before election

Several alternative economists and financial analysts rightly predicted that the central banks and establishment financiers were holding off a financial collapse until after the election as a way to try to ensure Hillary Clinton won the Presidency.  And judging from the market turmoil occurring over the past two days since Donald Trump shocked the world, the dyke holding back the chaos appears now to have b ...

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After India’s Modi bans certain denominations of cash, the people look for ways to get rid of all their paper currency

If there is one thing that is an absolute certainty in this world it is that you do not mess around with a person's money in the country of India.  This is because for thousands of years the people have trusted more in physical gold than they have in paper currency, and at the drop of a hat will shed all confidence in government printed money. So when India's Prime Minister Narendra Modi suddenly and withou ...

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Banks preparing for market chaos by putting employees on standby in the event of a Trump victory in two battleground states

Wall Street may be greedy but they are rarely dumb.  And after suffering through the market after-affects of the Brexit vote back in June, several banks are working on contingency plans, including putting bankers on standby if it appears that Donald Trump is going to win key battleground states. Besides U.S. bankers who are hedging their current long positions open in the market in expectation of a Clinton ...

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After Bitcoin use starts to become mainstream in Switzerland, officials rush to regulate the crypto-currency

Even more than its potential use in laundering money, or allowing for transactions outside the purview of finance ministries, the one thing government seem to fear more than anything when it comes to Bitcoin is it becoming a currency used widespread in retail transactions.  This is because Bitcoin leaves no paper trail for the establishment to follow, and thus severely bites into their power through their c ...

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California, not the Federal Government, is the first to introduce mandatory retirement investments held by the state

Since the American people can no longer trust states to manage their pension funds, or central banks who have destroyed the fixed income markets, talks so far in Washington to try to confiscate their retirements under the 'managed care' of the government have to date been kept from implementation.  But unfortunately for those living in the state of California, their 'risen from the dead' Governor Jerry Moon ...

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Central bank head who blew housing bubbles in both Canada and the UK looking to quit before collapse

It is extremely rare when an individual gets to become the head of two different central banks in two different countries, but that is the legacy of the UK's Mark Carney, who has steered the financial ships of both Canada and Britain.  And in an interesting twist of fate, the current head of the Bank of England is now rumored to be quitting just as the UK housing bubble he helped create is starting to implo ...

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As Bitcoin crosses back over $700 look for an even higher price with new burst of Chinese buying

On Oct. 29 Bitcoin soared back over $700 as global financial worries make holding any currency other than the dollar a risky proposition.  And with China engaging in a new round of currency devaluation for the RMB over the past few weeks, Chinese investors have been once again rushing into the crypto-currency as a safe haven. Earlier this week, we pointed out that after tracking the recent drop in the Yuan ...

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