Showing posts with label Admits. Show all posts
Showing posts with label Admits. Show all posts
Saturday, October 23, 2021
Saturday, September 16, 2017
Thursday, August 31, 2017
Sunday, December 25, 2016
Sunday, November 13, 2016
Krugman Admits He Is Clueless. That Progress will be Short-Lived
https://mishtalk.com/2016/11/12/krugman-admits-he-is-clueless/
Whatever the problem, government is not the solution.
Whatever the problem, government is not the solution.
Labels:
Admits,
clueless,
Krugman,
progress,
Short-Lived
Friday, August 26, 2016
Friday, August 19, 2016
Wednesday, August 3, 2016
Bitcoin Price Crashes After Exchange Admits Security Breach, Over $60 Million Stolen
I was initially enthused by Bitcoin as an anti-dollar crypto-currency, but after researching its cyber-security issues, I became suspicious of Bitcoin's creation. My suspicion was Satoshi Nakamoto, the alleged mythical creator of Bitcoin (whether one person or a group of hackers), could be a sub-unit of the US Treasury.
The holes in the security of Bitcoin, and the non-anonymity of the block chain header--which tracks all transactions, hinted towards a backdoor created by financial authorities to track nefarious Bitcoin holders.
Is this conspiratorial? Yes, but who benefits by providing an alternative to the USDollar, yet still maintaining confidence in the dollar? If gold is an undesirable alternative to the dollar, Bitcoin could be a welcome supplement to dollar hegemony for the financial status quo.
Due to the obvious risks of holding Bitcoin (it's electronic, it can be lost, it can be stolen, and competitive crypto-currencies exist--undermining its stated goal of scarcity), I subsequently couldn't endorse Bitcoin or any other crypto-currencies.
The fall of Mt. Gox raised my suspicion. This latest theft of Bitcoin confirms my skepticism. The fallout of this latest electronic theft is yet to be determined. Who is legally liable? Will insurers guarantee the losses?
At the end of the day, Bitcoin is an electronic entry, much like a bank account. The difference is banks don't have the reserves to back up their deposits due to fractional reserve banking, which is hugely problematic despite reassurances by the financial authorities.
Ownership is 100% possession, so the ultimate safe haven currencies are still physical gold and silver. This has been true for over 6000 years, and will continue to hold true.
http://www.zerohedge.com/news/2016-08-02/bitcoin-crashes-after-exchange-admits-security-breach
The holes in the security of Bitcoin, and the non-anonymity of the block chain header--which tracks all transactions, hinted towards a backdoor created by financial authorities to track nefarious Bitcoin holders.
Is this conspiratorial? Yes, but who benefits by providing an alternative to the USDollar, yet still maintaining confidence in the dollar? If gold is an undesirable alternative to the dollar, Bitcoin could be a welcome supplement to dollar hegemony for the financial status quo.
Due to the obvious risks of holding Bitcoin (it's electronic, it can be lost, it can be stolen, and competitive crypto-currencies exist--undermining its stated goal of scarcity), I subsequently couldn't endorse Bitcoin or any other crypto-currencies.
The fall of Mt. Gox raised my suspicion. This latest theft of Bitcoin confirms my skepticism. The fallout of this latest electronic theft is yet to be determined. Who is legally liable? Will insurers guarantee the losses?
At the end of the day, Bitcoin is an electronic entry, much like a bank account. The difference is banks don't have the reserves to back up their deposits due to fractional reserve banking, which is hugely problematic despite reassurances by the financial authorities.
Ownership is 100% possession, so the ultimate safe haven currencies are still physical gold and silver. This has been true for over 6000 years, and will continue to hold true.
http://www.zerohedge.com/news/2016-08-02/bitcoin-crashes-after-exchange-admits-security-breach
Wednesday, April 20, 2016
Saudi Arabia Admits To John Kerry That It Created ISIS... But There Is A Twist
Bush funded al-Qaeda and Obama enabled ISIS. Awesome.
http://www.zerohedge.com/news/2016-04-20/saudi-arabia-admitted-john-kerry-it-created-isis-there-twist
http://www.zerohedge.com/news/2016-04-20/saudi-arabia-admitted-john-kerry-it-created-isis-there-twist
Labels:
Admits,
Created,
ISIS,
John Kerry,
Saudi Arabia,
Twist
Sunday, May 31, 2015
Tuesday, April 28, 2015
Wednesday, March 18, 2015
Treasury Secretary Lew Admits US "International Credibility & Influence Is Being Threatened"
The USDollar is climbing new highs as the rest of the world is in turmoil. Long-term, the dollar, like all other fiat currencies, will collapse. The financial elite know this.
http://www.zerohedge.com/news/2015-03-17/dont-show-treasury-secretary-lew-these-3-charts
http://www.zerohedge.com/news/2015-03-17/dont-show-treasury-secretary-lew-these-3-charts
Labels:
Admits,
Influence,
International Credibility,
Lew,
Threatened,
Treasury Secretary,
US
Saturday, March 14, 2015
Sunday, January 25, 2015
"QE Benefits Mostly The Wealthy" JPMorgan Admits, And Lists 8 Ways ECB's QE Will Hurt Everyone Else
It took JPMorgan six years to figure this $hit out? That QE benefits the wealthy--at the expense of the masses? Really? Thanks for that breakthrough insight for the geniuses at JPMorgan.
http://www.zerohedge.com/news/2015-01-24/qe-benefits-mostly-wealthy-jpmorgan-admits-and-lists-8-ways-ecbs-qe-will-hurt-everyo
http://www.zerohedge.com/news/2015-01-24/qe-benefits-mostly-wealthy-jpmorgan-admits-and-lists-8-ways-ecbs-qe-will-hurt-everyo
Monday, November 24, 2014
Tuesday, November 18, 2014
Ukraine Admits Its Gold Is Gone: "There Is Almost No Gold Left In The Central Bank Vault"
Follow the money. Not fiat currency. Real money--gold.
http://www.zerohedge.com/news/2014-11-18/ukraine-admits-its-gold-gone
http://www.zerohedge.com/news/2014-11-18/ukraine-admits-its-gold-gone
Labels:
Admits,
central bank vault,
gold,
gone,
No Gold Left,
Ukraine
Wednesday, October 22, 2014
Saturday, July 19, 2014
US Treasury Admits Collateral Problem In Bond Market; Considers Issuing Ultra Long-Dated Bonds
Great...bond market investors are shunning long-dated US Treasury bonds due to obvious risks (currency, inflation, credit/downgrade, interest rate, reinvestment), so the Treasury in its wisdom (and desperation) are thinking about issuing 100-year bonds, God forbid. In fact, among all the bond risks, liquidity is probably the only one where there is no risk. Although, with hyperinflation, TOO MUCH liquidity would turn into the biggest problem of them all.
http://www.zerohedge.com/news/2014-07-18/us-treasury-admits-collateral-problem-bond-market-considers-issuing-ultra-long-dated
http://www.zerohedge.com/news/2014-07-18/us-treasury-admits-collateral-problem-bond-market-considers-issuing-ultra-long-dated
Wednesday, July 9, 2014
Friday, June 6, 2014
Former Greek PM Admits To Talks On New Reserve Currency
Jim Rickards has been right all along about the IMF Special Drawing Rights. That's also why I've been following him for years.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/6/6_Former_Greek_PM_Admits_To_Talks_On_New_Reserve_Currency.html
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/6/6_Former_Greek_PM_Admits_To_Talks_On_New_Reserve_Currency.html
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