Archive - Nov 19, 2013 - Blog entry
Money does not exist
Submitted by globalintelhub on 11/19/2013 14:17 -0500Yesterday the US Senate held hearings on "virtual currencies" (meaning Bitcoin). Meanwhile the "virtual currency" ran up above $800/USD and it was reported it got above $900. It pulled back but as of now, is hovering above $700.
Proof Positive That the Inputs For 99% of Economic Modeling are Garbage
Submitted by Phoenix Capital Research on 11/19/2013 10:57 -0500
The big news that has somehow shocked the media is that the BLS was caught fudging the jobs numbers going into the 2012 election. How on earth is this news? Anyone with a working frontal cortex is aware that CPI, the unemployment numbers, GDP and virtually everything else reported by the Federal Government is massaged to the point of being fraudulent.
Summers Expects a Long Winter
Submitted by Marc To Market on 11/19/2013 10:37 -0500Pushing the neo-liberal argument further than it wants to go, with interesting results.
Bitcoin Surges Over $900 As Gold Vulnerable Of Fall To $1,200/oz
Submitted by GoldCore on 11/19/2013 08:17 -0500Bitcoin has increased more than tenfold since the beginning of 2013. One of the reasons for the incredible surge is that bitcoin is a freely traded market and not subject to rigging or price manipulation by banks or government. Physical Gold, either in your possession or in allocated accounts, remains a far safer alternative both to bitcoin, to digital gold platforms and to paper and electronic currencies in what is still a vulnerable banking system.
The Super Rich Deprive Us of Fundamental Rights
Submitted by Pivotfarm on 11/19/2013 05:37 -0500Money means power. Money only deprives people on the losing team of their fundamental rights in society and it’s money that makes the world go round.
The Biggest Disaster in SE Asia Waiting to Happen: Thailand’s Massive Real Estate Bubble
Submitted by smartknowledgeu on 11/19/2013 04:58 -0500In 1997, the SE Asian Tigers all faced severe economic stresses, partially triggered by a primarily foreign capital-funded massive real estate bubble in Thailand. Today the EXACT same thing is happening as untempered foreign investment into Thailand’s real estate market has created not a “soaring” real estate market as economists always incorrectly explain them, but massive real estate market distortions better known as a bubble.
