Friday, March 29, 2013

Bill Still ~ Bitcoin Is Not A Democratic Money System and cannot serve the public Interest





Bitcoin may be a good investment, but are they a good investment in freedom Bill Still (wikipedia ) Bitcoin (sign: BTC) is a decentralized digital currency based on an open-source, peer-to-peer internet protocol. It was introduced by a pseudonymous developer named Satoshi Nakamoto in 2009. Internationally, bitcoins can be exchanged by personal computer directly through a wallet file or a website without an intermediate financial institution. In trade, one bitcoin is subdivided into 100 million smaller units called satoshis, defined by eight decimal places. Bitcoin does not operate like typical currencies: it has no central bank and it solely relies on an internet-based peer-to-peer network. The money supply is automated, limited, divided and scheduled, and given to servers or "bitcoin miners" that verify bitcoin transactions and add them to a decentralized and archived transaction log every 10 minutes. The log is authenticated by ECDSA digital signatures and verified by the intense process of bruteforcing SHA256 hash functions of varying difficulty by competing "bitcoin miners." Transaction fees may apply to new transactions depending on the strain put on the network's resources. Each 10-minute portion or "block" of the transaction log has an assigned money supply. The amount per block depends on how long the network has been running. Currently, 25 bitcoins are generated with every 10-minute block. This will be halved to 12.5 BTC during the year 2017 and halved continuously every 4 years after until a hard limit of 21 million bitcoins is reached during the year 2140. Bitcoin is the most widely used alternative currency. As of March 2013, the monetary base of bitcoin is valued at over $800 million USD. The large fluctuation in the dollar value of a bitcoin has evoked criticism of bitcoin's economic suitability as a currency

BREAKING NEWS N.Korea Enters State Of War With South Korea




North Korea says "we are at war with the South" North Korea says it has entered a "state of war" with South Korea and will deal with "all matters" accordingly. "As of now, inter-Korea relations enter a state of war and all matters between the two Koreas will be handled according to wartime protocol," the North said in a statement broadcast by the official Korean Central News Agency. "The long-standing situation of the Korean peninsula being neither at peace nor at war is finally over."
http://news.sky.com/story/1071635/north-korea-says-we-are-at-war-with-south

Marc Faber: Cyprus Sets Precedence For Europe & United States Collapse




Marc Faber's thoughts regarding the Cyprus Banking Collapse and whether these events could come to North America: Not Even Gold Will Save You From What Is Coming Marc Faber, who authors the Gloom Boom & Doom newsletter, is usually pretty bearish on stocks and bullish on gold. Lately, though, gold doesn't seem like it can catch a bid. "Despite the continued reverberations regarding the Cyprus bailout and its involvement of bank deposits, gold struggled to maintain the positive momentum created in the first two weeks of March and instead now looks very likely to move lower, towards $1580/oz," wrote Deutsche Bank commodities analyst Xiao Fu in a note this morning. So, what does Faber have to say about it? This morning, on Bloomberg Surveillance with Tom Keene and Alix Steel, Dr. Doom was asked why gold wasn't holding up. Here's his explanation: When you print money, the money does not flow evenly into the economic system. It stays essentially in the financial service industry and among people that have access to these funds, mostly well-to-do people. It does not go to the worker. I just mentioned that it doesn't flow evenly into the system. Now from time to time it will lift the NASDAQ like between 1997 and March 2000. Then it lifted home prices in the U.S. until 2007. Then it lifted the commodity prices in 2008 until July 2008 when the global economy was already in recession. More recently it has lifted selected emerging economies, stock markets in Indonesia, Philippines, Thailand, up four times from 2009 lows and now the U.S. So we are creating bubbles and bubbles and bubbles. This bubble will come to an end. My concern is that we are going to have a systemic crisis where it is going to be very difficult to hide. Even in gold, it will be difficult to hide. Faber is, of course, still bearish on U.S. stocks. He told Bloomberg that he sees "considerable downside risk" in the market.

Obama Just Crossed The Line... Again

Critics slam Obama for "protecting" Monsanto

There's no love lost between Washington and the American public, it seems, five days after Congress for the first time in years managed to handle a budget-related issue without reaching the brink of crisis. Protesters have descended on Pennsylvania Avenue outside the White House this week, enraged at a potentially health-hazardous provision they allege lawmakers inserted surreptitiously into a continuing resolution (CR) that will fund the government through the remainder of the fiscal year. The bill sailed through the Capitol on Friday; President Obama signed it into law on Tuesday. Opponents have termed the language in question the "Monsanto Protection Act," a nod to the major agricultural biotech corporation and other like firms geared at producing genetically modified organisms (GMO) and genetically engineered (GE) seeds and crops. The provision protects genetically modified seeds from litigation suits over health risks posed by the crops' consumption http://www.cbsnews.com/8301-250_162-57576835/critics-slam-obama-for-protecting-monsanto

Alex Jones Show: Friday (3-29-13) Greg Palast & Mike Adams





Alex breaks down an effort by a Fox television show to portray constitutionalists as terrorist serial murderers on the Friday, March 29 edition of the Alex Jones Show. He also continues his coverage of the effort by Obama and the Democrats to take down the Second Amendment. Alex talks with investigative journalist and author Greg Palast about the death of Venezuela' s Hugo Chavez and the political work of the Koch brothers and their influential foundation. Alex also talks with Mike Adams, the editor-in-chief of Natural News, about the "Monsanto Protection Act" covertly inserted into an Agricultural Appropriations Bill signed by Obama on Tuesday.