Greece, Democracy and Magical Thinking

What is representative democracy but organized bribery on a mass scale? Politicians seeking control of the spigots of state wealth and power promise endless swag to voters. Those who promise the most swag and do so with the most inspirational Soaring Rhetoric ™ win elections and gain control of the spigots of state wealth and power.

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Greece Shows Importance of Gold as Europeans Buy Coins and Bars

Greece Shows Importance of Gold as Europeans Buy Coins and Bars

- Demand for physical gold from Europeans surges
- Greek ATMs limit withdrawals to €60 per day
- Greeks panic buy food, fuel and medicine
- European elites threaten Greece with expulsion
- Gold not subject to capital controls or “bail-ins”

British Gold Sovereign Gold Coin

Demand for gold coins and bars from European investors has increased significantly in the past month as the Greek crisis enters a new phase. Read more ›

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Indian IT could be no more after Bitcoin

Can Bitcoin save the Indian IT Industry? IHB News™

Jost Hoppermann, vice-president, banking applications and architecture, at Forrester Research sees Infosys working on the technology behind Bitcoin as a very good development and believes it will give the company a “first-mover advantage”. He went on to say:

“As soon as the client base of global banking platform vendors (mainly banks) consider Bitcoin and Blockchain as mainstream, it will be the time when banking platform vendors should incorporate Bitcoin/Blockchain capabilities into their solutions,”

In a white paper titled ‘Internet everywhere to change banking business models’ written by Rishikesh Bagati, a lead consultant at Finacle Infosys he said this about Bitcoin:

Peer to peer payment pilots have already been …

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Lindsey Williams, Martin Armstrong And Alex Jones All Warn About What Is Coming In The Fall Of 2015

The Elite are now EVACUATING…

Click here for Alex Jones’ EMERGENCY RED ALERT on the Elite Now Evacuating:

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Greek Banks and Stock Market Shuttered – The End Of The Monetary System 2015?


And so it begins …

Greek Prime Minister Alexis Tsipras has announced that all banks and the stock market will be shuttered on Monday after panic gripped the country.

The Greek Financial “Stability” Council have recommended that the banks stay shut for a total of six days. This is all in prelude to a Greek referendum on bail out terms.

Adding to the the hysteria, capital controls  have been rolled out with a 60-euro limit on cash withdrawals from cash machines per day. The ATMs will reopen on Tuesday.  According to Reuters, capital controls are likely to last for many months at least.

The euro was trading sharply weaker ahead of the Monday market open for Asia, shedding 2 full US cents. Read more ›

.@MaxKeiser interview on RT: “Greece was never going to pay these fraudulent debts and Deutsche Bank is insolvent.”

Two #Uber bosses taken into custody in France

So French to ‘spontaneously hand themselves in’ to police. And so Silicon Valley free marketing to get free publicity.


Uber France said in a statement that its director general Thibaud Simphal and director for Western Europe Pierre-Dimitri Gore Coty were being interrogated by police after “spontaneously handing themselves in” to police.

“Both of them were taken into custody,” said Uber.

New Thousand Page Pentagon War Manual Potentially Lumps Journalists in with “Unprivileged Belligerents”

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A 1,176 page Pentagon war manual was recently released that hasn’t received the attention it deserves. The book of combat instructions, titled “Department of Defense Law of War Manual,” apparently covers rules of war for all branches of the U.S. military.

One passage in particular is generating controversy, where journalists seem to be thrown into a convoluted and opaque category, in which they could be seen as “unprivileged belligerents” as opposed to civilians. Naturally, this has sparked concern that journalists the U.S. government doesn’t like could be lumped into the “unprivileged belligerents” category and subsequently murdered at will. The Washington Times covered this story, here are a few excerpts…

Read the rest here.

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Grexit?, BIS Warning, Chinese Market Crash & Systemic Risk Shake the Global Economy

Grexit?, BIS Warning, Chinese Market Crash & Systemic Risk Shake the Global Economy

- Persistent low rates leave central banks with no ammunition to fight next crisis
- BIS says short-sighted central banks and governments contributed to current weaknesses
- Lack of policy options have forced some central banks to stretch “boundaries of the unthinkable”
- Bust in developed economies the main risk facing global economy
- Greece prepares to default
- China markets routed overnight
- Gold will be last man standing when currencies collapse

Greeks line up to an ATM in a run on Greek banks

Greece embarked on capital controls as talks over the weekend between Tsipras’ leftist government and foreign lenders fell apart. Read more ›

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Hong Kong missing the boat to Bitcoin riches!

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The Second Coming
Bitcoin is the greatest technological advancement since the Internet. As an entrepreneur, there have been only two moments in my life when I saw something that has the potential to transform our world. First was the Internet, the second is Bitcoin. Hong Kong missed out on the Internet revolution and is lagging behind in the current Mobile revolution. Local startups are failing to make a name globally, while startups from Silicon Valley (Facebook) and even tiny Luxembourg (Skype) dominate. Hong Kong is yet to produce a Billion Dollar Unicorn startup while tech hubs in Asia such as Seoul and Shenzhen already have several to boast of.

Bitcoin and the Blockchain present Hong Kong with a second chance to make things right and become the innovation hub for FinTech & Startups — a dream the Government has been imagining since long time ago. The most promising applications of this new technology have yet been built. This presents Hong Kong with a golden opportunity to create a favorable environment for local entrepreneurs, allowing them to develop an ecosystem which can create the first Killer Apps, in turn attracting international investors and creating jobs in rewarding careers.

Simon Dixon, founder of BNK To The Future, an equity crowdfunding platform, recently raised over HK$12 million on the platform for his venture capital firm Bitcoin Capital. It is to be headquartered in Hong Kong to invest in the most promising local Bitcoin & Blockchain startups. When asked why he chose Hong Kong when his current company is based in London, he says he is confident about Hong Kong and believes it will learn from other countries and adopt regulations to gain a competitive edge on a global level.

Read the full article at Harbour Times where StartCOIN, Bitcoin Capital & Max Keiser are featured.

It’s all Greek to me

Alexis Tspiras has declared a bank holiday and capital controls. Grexit begins.

What does smartest guy in Bitcoin, Tony Gallippi think? The #bitcoin market just needs a little GREASE to get unstuck. #Grexit price targets $610 and $1250