Monthly Archives: November 2013

Senate considers Bitcoin regulations

Posted on by

“The Senate Homeland Security and Committees held a joint hearing on virtual currency Bitcoin on Tuesday. Bitcoins are basically digital cash for the Internet, operating through person-to-person exchange, without a bank or central monetary authority to regulate or issue the currency. Bitcoins caught the eye of federal legislators after the FBI raided online black market Silk Road, which used Bitcoins as its currency of choice. The hearing looks at whether digital currencies should be regulated – or if its even possible to regulate them. RT’s Ameera David talks to ‘Boom Bust’ host Erin Ade who is on Capitol Hill covering the hearing.”

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Taiwan central bank ‘keeping close tabs’ on Bitcoin

Posted on by

“The head of Taiwan’s central bank said Wednesday that the bank is keeping close tabs on the development of Bitcoin, a decentralized virtual currency that approximates cash on the internet.  ‘We have taken note of the development of Bitcoin and have adopted measures to prevent money laundering through its trading,’ said Perng Fai-nan, the governor of the Central Bank.  Ruling Kuomintang Legislator Lu Shiow-yen asked Perng about his view of the bitcoins, which she said are being traded at an exchange rate of 1 to US$590, the highest valued currency in the world.  In response, Perng said Bitcoin is a new kind of money circulating among a specific group of people.”

http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20131120000120&cid=1102

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Bitcoin continues to swing without any help from central banks

Posted on by

“The euro dropped against the dollar Wednesday on yet another signal that the European Central Bank is considering more unconventional policies at the same time that the Federal Reserve has shown a willingness to slow its bond purchases. Such central-bank inspired moves are absent from bitcoin by design; the virtual currency has no central bank and is created through a process called mining.  So without monetary policy as a driver, what’s behind the big moves? Surging demand in China, growing legitimacy in the U.S. as demonstrated byhearings in the Senate, the closure of the bitcoin-only drug market Silk Road, and an open-ended bitcoin trust run by SecondMarket.”

http://blogs.marketwatch.com/thetell/2013/11/20/bitcoin-continues-to-swing-without-any-help-from-central-banks/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

ECB Said to Consider Minus 0.1 Percent Deposit Rate

Posted on by

“The European Central Bank is considering a smaller-than-normal cut in the deposit rate if officials decide to take it negative for the first time, according to two people with knowledge of the debate.  Policy makers would reduce the rate for commercial lenders who park excess cash at the ECB to minus 0.1 percent from zero, said the people who asked not to be identified because the talks aren’t public. It would be the first time the central bank has adjusted interest rates by less than a quarter of a percentage point. The concept, which has been discussed by Governing Council members, doesn’t yet have a consensus, the people said.”

http://www.bloomberg.com/news/2013-11-20/ecb-said-to-consider-mini-deposit-rate-cut-if-more-easing-needed.html

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

India: $1.2 million in gold bars found stashed in Boeing 737 bathroom

Posted on by

“A hidden stash of gold bars worth $1.2 million was found in a commercial jet’s bathroom on Tuesday.  An aircraft maintenance crew found the 24 gold bars in two bags aboard a Jet Airways Boeing 737 while they performed routine end-of-day checks at Kolkata, India, airport.  The bars weigh 53 pounds in total and appeared to have originated in the United Arab Emirates. While this is the first time gold bars have been found on a plane at the airport, security checks have in the past caught people trying to smuggle gold onto aircraft in their hand luggage, the airport director said.  India has traditionally been the world’s largest importer of gold, although that title is being threatened this year by China.”

http://worldnews.nbcnews.com/_news/2013/11/20/21545372-12-million-in-gold-bars-found-stashed-in-boeing-737s-bathroom

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Venezuela’s Central Bank to Trade Gold with Goldman Sachs

Posted on by

“Venezuela’s Central Bank and Goldman Sachs are ready to sign an agreement to swap or exchange international gold reserves, with a start date in October, as stated in the contract, and until October 2020.  The negotiated amount, equivalent to 1.45 million ounces of gold, are deposited in the Bank of England and the transfers are made directly to Goldman Sachs once delivery times are stipulated.  The operation involves the delivery of gold from the central bank, which will receive dollars from the U.S. firm. Economist Jose Guerra explains that this operation is being undertaken because of the fall in international reserves, on Nov. 15 totaled $20.6 billion, a loss of $9.9 billion in 11 months.”

http://www.gata.org/node/13264

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Mongolia’s new law expected to attract Chinese billions

Posted on by

“In October, Mongolia’s parliament approved an investment law that ended different rules for domestic and foreign private investors, and lessened government approval requirements.  The law will take effect on January 1. ‘The new law will spur more Chinese investment in Mongolia,’ said Alisher Ali, managing partner of Silk Road Management, an investment firm focusing on frontier markets. The previous investment law, enacted last year, had a negative impact on Mongolian companies, including those listed in Hong Kong, as it led to uncertainty over foreign ownership of Mongolian assets, Ali said.  The new investment law repealed large chunks of the one in 2012, Ali said.”

http://www.scmp.com/business/china-business/article/1360736/mongolias-new-law-expected-attract-chinese-billions

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Public Opinion: Government Healthcare? No!

Posted on by

“Under Bush, 69% Americans believed that the federal government should be involved in healthcare. Today, only 42% believe this.  Faith began to fade under Bush. But today, the figure is lower than ever.  The Republicans can regain control of the Senate next year. All they have to do is go with this billboard: ‘Senator X voted for ObamaCare.  Vote him out in November.’  Here is my slogan: If you don’t like your senator, you don’t have to keep your senator.  One issue will bring down the Democrats: ObamaCare.“

http://teapartyeconomist.com/2013/11/20/public-opinion-government-healthcare-no/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Jeffrey Tucker: Catastrophic Plans

Posted on by

“The system was broken before and now it is broken beyond repair. Daily we read reports of doctors, consumers, and institutions just bailing out completely. Businesses that take people abroad for high-quality, low-cost health care are suddenly booming. It seems that everyone is looking for a way out of the official system. This is the only promising development to emerge from the great healthcare disaster of 2013. If a new and independent sector emerges despite every attempt by government to stop it, the irony is that there will be a good basis for optimism about the future.”

http://www.fee.org/the_freeman/detail/catastrophic-plans

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

When You Receive Your “Policy Cancelled” Letter, What Then?

Posted on by

“In North Dakota, 30,000 people received such letters. The number of people who have been able to buy replacement insurance on the federal healthcare site is 30. That means the odds against replacement are 1,000 to one. These are not good odds.  With numbers like these, there will be horror stories next year. There will be people who lost their coverage, and then they were struck down with statistically inevitable health afflictions. They will face bankruptcy.  These stories will reach the media. Every story will be a nightmare for their families, and a nightmare for Democrats in Congress.”

http://teapartyeconomist.com/2013/11/19/15215/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet