April 23, 2014
Mark H. writes:
I love this idea, it's exotic, and as real as it gets, but my big concern is Colombia confiscating my land one day. How do you overcome this objection?In all honesty, the U.S. government is a greater risk to your wealth then Colombia, which is why I think it is a smart move to own some land out of the country. According to S&P, Moody's, and Fitch, they have indicated that Colombia is one of the safest countries on earth to invest. The World Bank described Colombia as the 5th country in the world and 1st in Latin America in protecting investors. I think we should also
The Iowa State University has suffered a massive security breach which compromised the security of student data and attempted to mine bitcoin.
The University says the compromised servers contained social security numbers of 29,780 students enrolled between 1995 and 2012.
However, there is no indication that any of the files were accessed. No financial information was stored in the student records and further investigation led the university to conclude that personal information was not the target.
Zero Hedge: HSBC China PMI Indicates 4th Month Of Contraction As Yuan Weakens To Fresh 16 Months Lows
From: Zero Hedge
HSBC's (Flash) China Manufacturing PMI for April met expectations at 48.3 - holding at its 2nd lowest in 20 months. This is the 4 month of contraction and 4th month without a beat of expectations. April's flash (preliminary) print rose modestly over March's 48.0 but all sub-indices remain weak though some 2nd derivatives are shifting. Employment is worsening at a faster pace and new export orders contracted. While the world waits open-mouthed for the next Chinese stimulus (which they have now explained will be limited and targeted and not 2009-style) and bloviators expound on last night's RRR cut for rural banks (remember, they do not have a liquidity issue, banks are hording PBOC cash and not lending - due to credit risk concerns), it seems no matter what the PMI (weak, weaker, or weakest) the reforms are being stuck to, CNY is being allowed to weaken, and no new avalanche of credit creation (commodity-backed or not) is coming anytime soon.
Most market participants believe HSBC's survey is more weighted towards small and medium-sized businesses than the official government data (which is likely more biased to SOEs and larger enterprises) and Markit's stratification description suggests a
From: SHTF Plan
This article has been generously contributed by Michael Snyder. You can follow his regular writings, research and analysis at The Economic Collapse Blog and The American Dream. Read his recent book The Beginning of the End to get an idea of what America may look like in the very near future.
Did you know that the number of Americans getting benefits from the federal government each month exceeds the number of full-time workers in the private sector by more than 60 million? In other words, the number of people that are taking money out of the system is far greater than the number of people that are putting money into the system. And did you know that nearly 70 percent of all of the money that the federal government spends goes toward entitlement and welfare programs? When it comes to the transfer of wealth, nobody does it on a grander scale than the U.S. government. Most of what the government does involves taking money from some people and giving it to other people. In fact, at this point that is the primary function of the federal government.
Just check out the chart below.
The Bitcoin Foundation is now conducting elections to fill the two open industry seats on its Board of Directors.
In late February, the US Conference of State Bank Supervisors (CSBS), a membership organisation for state banking regulators that liaises with Congress, announced it would launch a new task force aimed at investigating emerging payments issues, including topics related to bitcoin and other digital currencies.
That effort, which is now just underway, will find the CSBS speaking to a wide range of payments industry stakeholders. To date, nine state banking officials have joined the task force, including New York Department of Financial Services superintendent Benjamin Lawsky.
The organisation’s fact-finding mission will take one of its first steps on 16th May, when the CSBS will hold a public hearing on emerging payment issues in Chicago, Illinois.
From: CNN MoneyRead full story for latest details.
From: SGT Report
600 U.S. TROOPS HEADING TO EUROPE FOR EXERCISES: PENTAGON
U.S. AIRBORNE TROOPS GOING TO POLAND, LITHUANIA, LATVIA,ESTONIA
U.S. MILITARY EXERCISES ARE IN RESPONSE TO UKRAINE CRISIS:KIRBY
MORE MILITARY EXERCISES ‘COMING THROUGH’ NATO: PENTAGON
The question now, of course, is – what will Putin do in response to this action?
A graphic designer named J P Brenner has proposed that his new, multisided, shape-shifting bitcoin logo – a representation of the dynamic nature of the decentralized money, should be the symbol adopted by the bitcoin community.
The design is the latest development in an ongoing debate in the digital currency community. Years after the bitcoin’s creation, there still isn’t consensus on what bitcoin’s logo should be, with many arguing that the classic orange logo no longer suits the technology’s goals.
The idea, as explained here, is to represent bitcoin not as a physical item, like money is today, but as something digital and thus more malleable.
From: Zero Hedge
In the latest indication of just how strong the US "recovery" is, we find that the number of Californians 50 to 64 who live in their parents' homes has surged in recent years, which as the LA Times less than sarcastically adds, reflects "the grim economic aftermath of the Great Recession." Wait, don't they mean the great recovery? Because isn't the S&P just 10 points from its all time closing high? Maybe all those middle-age Californians are merely seeking their comfort (and spare bedrooms) of their parents so they can all use the family E-trade terminal together.
But since everyone knows the latest handout to the population by the administration is ObamaTrade in which everyone gets $100,000 to BTFATH, we know that is not the case, so surely the LA Times is joking.
Unfortunately, it isn't.
Here are the details - "for seven years through 2012, the number of Californians aged 50 to 64 who live in their parents' homes swelled 67.6% to about 194,000, according to the UCLA Center for Health Policy Research and the Insight Center for Community Economic Development. Many more young adults live with their parents than those in their 50s
From: 28 Thousand Days
If you choose the right path and then stay the course, one day you will experience the ultimate happiness in your life. Why…because you will be fulfilling your purpose.
Early as a teen I remember reading a book written by Ronald Reagan, and I remember him talking about ‘staying the course.’ I carried this with me in my thoughts and decision making when it came to the important things in my own life.
Stay the Course…
An important factor in all of this is that you are on the right path, because if you stay the course of eating fast food everyday, or working at a job you hate, the end result for you will be misery. Take some time out of your day today, and every month or so to think about the path you are on.
Think about your life as a whole, your relationships, business, lifestyle, kids, friends, and all of the people and things that are important. Where do you want to be in 1 month, 1 year, 5 years, or even 30 years from now? You don’t have to plan out every detail, but it’s important to know that you are living the life
Zero Hedge: Traders Walk In On Another Sleepy Session In Search Of Its Volumeless Levitation Catalyst
From: Zero Hedge
It has been a fairly quiet few days with traders around the world returning from the Easter long weekend this morning.
As Deutsche Bank notes, the latest developments in Ukraine have perhaps been one of the major highlights over the last couple of days. Following an extended 7-hour meeting last Thursday, Russia, Ukraine, the EU and US all agreed to put an immediate end to violence in eastern Ukraine. The Geneva accord called on illegal armed groups to surrender their weapons and leave official buildings. However, three were killed in a shooting at a checkpoint manned by pro- Russian separatists near Sloviansk early on Sunday. This has prompted accusation from the Russian Foreign Minister Lavrov who blamed the interim Kiev government for violating the Geneva accord. According to the BBC, the local separatists said the attack was carried out by Right Sector militants but Kiev called it a "provocation" staged by Russian special forces. The US has warned the next few days will be pivotal and has threatened more sanctions against Russia if it fails to abide by the Geneva accord. Russia’s Lavrov said that all attempts to isolate Russia through sanctions or other tactics would fail because Russia is