Monthly Archives: June 2013

‘We were told to lie’ – Bank of America employees open up about foreclosure practices

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“Employees of Bank of America say they were encouraged to lie to customers and were even rewarded for foreclosing on homes, staffers of the financial giant claim in new court documents.  According to testimonies obtained by journalists at ProPublica, supervisors at various Bank of America branches across the United States encouraged employees to regularly deny loan modification applications with no reason. At times, they were told to make up excuses to customers who risked losing their homes.  In one of the sworn statements, an ex-bank staffer said he would be directed to deny upwards of 1,500 loan modification applications at a single time with no apparent reason.”

http://rt.com/usa/foreclosure-america-employees-bank-946/

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Match.com Founder: Fed Spyware Searching For Bitcoin Wallets

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“‘I just had a government guy in my office telling me that they have forensic software looking for Bitcoin wallets on your machines,’ said Gary Kremen, founder of Match.com and Sociogramics. ‘And if they find one, they lock on to you, because statistically, if you were in Liberty Reserve or using a lot of anonymous money, you were probably doing something wrong.’  Bitcoins are a virtual currency that can be used to buy and sell a wide variety of products online and in the real world. The currency is transferable anywhere in the world and can be exchanged for real currency at any time.”

http://www.sv411.com/index.php/2013/06/bitcoin-wallets-searched-feds/

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Bitspend, Bitcoin payment system, ceases trading after bank accounts frozen

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“The bitcoin payment system, Bitspend, has been forced to stop operations after its bank accounts were frozen. Bitspend is a service that acted as a bridge between those who held cash in the form of bitcoin, and merchants who did not accept bitcoin payments. According to the firm, its banks (Chase and another unnamed bank) both told it that they regarded businesses which trade in bitcoin as ‘too high risk’. The banks allegedly did this without notice. Furthermore, Chase bank has also closed the personal accounts of the firm’s owner. The company stated that it will honour orders as soon as it can, but with the current state of affairs it cannot pay its own bills.”

http://www.coindesk.com/bitspend-ceases-trading-due-to-frozen-accounts/

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Dolce and Gabbana jailed over tax evasion

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“An Italian court on Wednesday sentenced fashion house duo Dolce and Gabbana to one year and eight months in prison for tax evasion of around one billion euros ($1.33 billion), according to media reports. Domenico Dolce and Stefano Gabbana were found guilty of having transferred control of their brands to a shell company in Luxembourg in 2004 and 2005 to avoid paying Italian taxes.”

http://www.rawstory.com/rs/2013/06/19/dolce-and-gabbana-jailed-over-tax-evasion/

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Erik Voorhees: financial independence through gold and Bitcoin

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Erik Voorhees: financial independence through gold and Bitcoin

“Félix Moreno talks to Erik Voorhees about Bitcoin, gold and the nature of money. They discuss the properties that make good or bad money and how both Bitcoin and precious metals are decentralised (a plus), while fiat money systems are centrally planned. They talk about free speech, property rights and liberty, and the role that money plays in these.”

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Jim Rogers: “Thank Goodness” For Gold’s Correction

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Jim Rogers: “Thank Goodness” For Gold’s Correction

“Kitco News asks Jim Rogers his take of current events like Deutsche Bank’s new gold depository in Singapore and the two new Chinese ETPs. Rogers also talks about how India’s Finance Minister Chidambaram repeatedly urges the public to stop buying gold, stating heavy gold imports hurt the Indian economy. Finally, Rogers says that the gold correction in April was necessary for gold to avoid an even worse crash. Despite the April selloff, Rogers is still purchasing gold, silver, platinum and palladium. In regards to Roubini’s bearish comments on gold earlier this month, Rogers says he’ll ignore those predictions. Kitco News, June 17, 2013.”

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SILVER: Meltdown to $20, You Will Remember

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SILVER: Meltdown to $20, You Will Remember

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Now India Joins The Western Snoops

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“India has launched a wide-ranging surveillance program that will give its security agencies and even income tax officials the ability to tap directly into e-mails and phone calls without oversight by courts or parliament, several sources said. The expanded surveillance in the world’s most populousdemocracy, which the government says will help safeguard national security, has alarmed privacy advocates at a time when allegations of massive U.S. digital snooping beyond American shores has set off a global furor.”

http://www.thedailybell.com/29276/Is-Indias-New-Snooping-a-Good-Idea

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Edward Snowden and the Wolf Who Cried Plant

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“At some point, an emerging police state stops trying to hide or justify its nastiness and starts emphasizing and flaunting that nastiness — although it may do so subtly or indirectly instead of openly. Its minions no longer worry about convincing you they’re right. They’re content to just bully, threaten and scare you into submission. Naomi Wolf’s hypothesis is that the Snowden revelations may be an intentional instance of the latter — perhaps timed to distract attention from the trial of real whistleblower Bradley Manning — rather than an accidental failure of the former. Is she right? I don’t know. But the idea is far from outrageous, and should be taken seriously.”

http://c4ss.org/content/19863

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Can Swiss Human Rights Withstand IRS Extraterritorial Tax Enforcement?

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“Switzerland is being persecuted for being a productive, peaceful nation that has a strong human rights policy with regards to privacy. More specifically, politicians from high-tax nations resent the fact that investors flock to Switzerland to benefit from good policies, and they are pressuring the Swiss government to weaken that nation’s human rights laws so that governments with bad fiscal systems have an easier time of tracking and taxing flight capital.  But I’m not opening champagne just yet.  The Swiss have resisted American demands before, and on more than one occasion, only to eventually back down.”

http://danieljmitchell.wordpress.com/2013/06/19/can-the-david-of-swiss-human-rights-withstand-the-goliath-of-irs-extraterritorial-tax-enforcement/

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