Weblog and Essays Let's Clear Up One Confusion About Bitcoin November 3, 2017 If bitcoin can be converted into fiat currencies at a lower transaction cost than the fiat-to-fiat conversions made by banks and credit card companies, it's a superior means of exchange. One of the most common comments I hear from bitcoin skeptics goes something like this:Bitcoin isn't real money until I can buy a cup of coffee with it. In other words, bitcoin fails the first of the two core tests of "money": that it is a means of exchange and a store of value. The confusion here is the same one that plagues the conventional understanding of the foreign exchange markets: people confuse exchange and convertibility, which are both flows, i.e. transactions. Here's an illustration of the difference. Let's say Hipster Coffee Bar accepts payment in bitcoin (BTC) for a cup of coffee. The Hipster Coffee Bar branch in Mexico converts the BTC into pesos, the branch in Thailand converts the BTC into baht, and so on around the world.
Gonzalo Lira David Stockman On Black Swans & The U.S. War With Russia | King World News With gold surging $20, the Dow above 18,000, and many people around the world growing increasingly concerned about escalating tensions between the United States and countries in the East, today David Stockman spoke with King World News about black swans and the U.S. war against Russia. Eric King: “Dr. Paul Craig Roberts recently warned King World News about black swans that Russia could unleash against the West. Then, today we had former White House official, Dr. Philippa Malmgren, telling KWN that the United States is already at war with Russia and China. David, this situation with East vs West is accelerating and getting very dangerous, isn’t it?” David Stockman: “Absolutely and it’s totally unnecessary. Continue reading the David Stockman interview below… Advertisement To hear which company has one of the highest grade gold deposits in the entire world, as well as a number of other extraordinary projects click on the logo: Western Promise To Gorbachev Broken All of this is nonsensical.
My Ignorance Amazes me but Still I Cannot Sleep I think this business insider article by Henry Blodget is a genuine must read A former senior analyst at Moody’s has gone public with his story of how one of the country’s most important rating agencies is corrupted to the core.The analyst, William J. Harrington, Sad to say (pathetic really) something was news to me “Moody’s …. since going public in 2000.” I didn’t know ( I have stressed my ignorance many times here but I had no idea how much ignorance I had to stress). It sure didn’t take long. Also how long did the longest lived publicly traded investment bank in the USA survive as an investment bank ? Since some time in the mid 70s I had been very puzzled as to how private unregulated firms with such power could remain uncorrupt (in 2008 I started wondering how they had remained uncorrupt for so long). “We told you so” — Bearle and Means. update: at least I’m not naive enough to be surprised by this
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oftwominds Global Research Max Keiser | Frontline financial war reports RadNet Map Interface EPA's nationwide radiation monitoring system, RadNet, consists of two components. First, stationary and deployable air monitors measure radiation 24 hours a day, 7 days a week. The map below provides monitoring results as graphs that are updated several times daily. More Info Routine and Emergency Schedules The interactive map below provides access to monitoring data. Hints for navigating around the map Zoom: use the + and - icons at the top left, double-click, or roll your mouse wheel Move around the map: hold down the left mouse button and move the mouse Stationary Monitoring Locations Birmingham Dothan Laboratory: Drinking Water Data available in Envirofacts Montgomery Muscle Shoals Laboratory: Drinking Water Data available in Envirofacts Scottsboro List of States Alaska Anchorage Fairbanks Juneau Phoenix Tucson Yuma Fort Smith Near-Real-Time: Stationary Air Monitor Little Rock Anaheim Bakersfield Eureka Fresno Los Angeles Oakland Laboratory: Milk Data available in Envirofacts Richmond Riverside Sacramento Denver
King World News KWN SPECIAL: ROADMAP FROM $5,000 TO $20,000 GOLD & MORE - Grant Williams: Vulpes PM Portfolio Manager & IM Strategy Advisor - Grant Williams is the portfolio manager of the Vulpes Precious Metals Fund and strategy advisor to Vulpes Investment Management in Singapore. Grant has 28 years of experience in finance on the Asian, Australian, European and US markets and has held senior positions at several international investment houses, including Robert Fleming, UBS and Credit Suisse. Since 2009, he has also been writing the popular investment newsletter Things That Make You Go Hmmm... ONE OF PCR’S BEST, AMAZING NEW 2014 PREDICTIONS & MORE - Paul Craig Roberts: Former US Treasury Official, Co-Founder of Reaganomics, Economist & Acclaimed Author - Dr. Roberts is an American economist, a columnist and recent author of “The Failure Of Laissez Faire Capitalism”. He served as an Assistant Secretary of the Treasury in the Reagan Administration earning fame as a co-founder of Reaganomics.
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