"I’m not saying that Bitcoin et al. are ready to take over the world right now... but Bitcoin is the catastrophic mutation of money borne out of necessity to break the monopoly governments have on the issuance of new monetary units."
One can sense the tidal change by how we've moved from enthusiastic talk of “synchronized global growth” to acknowledgment everywhere that such growth has ended.
“They [Russia] share our opinion. We said that if we manage to move this work forward, then we will be the first countries that use cryptocurrency in the exchange of goods.”
“The agreement lasts until the end of the year. In June, we can discuss, among other issues, a question about reduction of some quotas during this time, if it is expedient from the market’s point of view,”
"The idea that information used to be a clean pool before all the clever internet liars arrived is a delusion on the part of entitled reporters of the fake news storyline."
"There is no way for poor black people in West Philly to escape their chains of debt enslavement...The Great Society programs were supposed to lift minorities up, but they have created generations of bitter, dismayed, ignorant, dependent, poor, Democratic voters. And it all revolves around the engineered destruction of the family unit and purposeful failure to educate the children."
Scrambling to catch up to Goldman Sachs, JPMorgan recently created and filled the new position of head of "crypto-currency strategy", asking a 29-year-old banker to take charge.
"...basically the Italian government would mail you a certificate that says it's worth a certain amount -- and you can sell that if you want to get the money quicker. But it would be likely to trade at a discount to its face value in euros..."
"About a month ago, the Fed reported a sharp drop of UST’s in custody on behalf of foreign agents. I noted then, and remain convinced now, that was something like a collateral call. "
"This is the ultimate bluff...it would give EU companies a choice between pest and cholera. Needless to say, this has not been agreed. Nor will it be. It is a sign of the helplessness and panic of EU leaders that they even talk about it."
In a surprising twist to end the week, global markets are in the green and US equity futures are near session highs despite two negative overnight developments.
After a series of false alarms over the past week, the Financial Times reported Friday that Italy's anti-establishment Five Star Movement (M5S) and the far-right Northern League have finally agreed on a policy program that had previously eluded them.
"According to a global survey of 66,000 people conducted across 68 countries at the end of 2013, Earth’s people see the United States as the leading threat to peace on the planet. The U.S. was voted top threat by a wide margin..."
