Venezuela says ‘petro’ cryptocurrency pre-sale will be in hard currency

“Leftist President Nicolas Maduro is hoping to capitalize on the success of cryptocurrencies by creating one for Venezuela as the bolivar plunges to all-time lows and the country struggles with hyperinflation.  Critics decry the petro as simply a way for the cash-strapped government to issue debt without being constricted by U.S. sanctions. But the U.S. Treasury last week warned that Americans engaging with the petro could still find themselves in violation of those sanctions.  Many in Venezuela have used cryptocurrencies in recent years to evade strict currency controls.”

Read more: https://www.reuters.com/article/us-venezuela-economy-petro/venezuela-says-petro-cryptocurrency-pre-sale-will-be-in-hard-currency-idUSKBN1FC2RG

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The Thieves Who Steal Sunken Warships, Right Down to the Bolts

“Countries like the United States and Russia began nuclear testing in the mid-1940s. France, England, and China jumped on the bomb bandwagon a few years later. And with each detonation, radioactivity levels in our atmosphere increased. That meant each time steelmakers were blowing oxygen into new steel, they were also blowing nuclear particulates into it.  That’s not true for the steel used to fabricate pre-1942 vessels, which is virtually radiation-free. And its clean status makes this metal particularly valuable for some technical applications of nuclear medicine and, more commonly, the development of nuclear energy and weapons.”

Read more: https://www.outsideonline.com/2168646/how-does-entire-shipwreck-disappear-bolts-and-all

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Drug lords make billions smuggling gold to Miami for jewelry and phones

“Much of that gold comes from outlaw mines deep in the jungle where dangerous chemicals are poisoning rainforests and laborers who toil for scraps of metal, according to human rights watchdogs and industry executives.  In comparison, the U.S. gold supply, mostly mined in Nevada and Alaska, offers stiff competition and regulations. Big companies control the big mines. Smaller companies looking to deal in U.S. gold are restricted to buying recycled ‘scrap’ gold from pawnshops and jewelry stores. To gain a competitive edge, many U.S. gold traders look south.”

Read more: http://www.miamiherald.com/news/local/community/miami-dade/article194187699.html

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He Struck It Rich in Ecuador. Now He’s Looking for the Lost Cities of Gold

“Ecuador’s two ‘lost cities of gold’ exist only in legend and in fragments of old texts like this one, written by a Spanish priest traveling through the region a half century after the settlements were destroyed.  Spain eventually gave them up for lost after dispatching more than 30 failed expeditionary forces to reclaim them. Barron and a team of researchers have spent years sleuthing around the Vatican library, the immense General Archive of the Indies, in Seville, Spain, and in small churches and libraries scattered throughout Latin America.”

Read more: https://www.bloomberg.com/news/features/2017-12-20/he-struck-it-rich-in-ecuador-now-he-s-looking-for-the-lost-cities-of-gold

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First ever English gold coin worth just a penny will sell for £500,000

“Some 52,000 of the King Henry III gold pennies were struck nearly 800 years ago before it was realised they were too heavy.  The basic mistake meant the gold it was made from was worth more than the coin itself.  This made the coins financially unviable as the holders could get more money from melting them down for gold rather than using them as currency.  Virtually all of them were smelted and were replaced with correctly weighed pennies in 1257.”

Read more: https://www.mirror.co.uk/news/uk-news/first-ever-english-gold-coin-11753688

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Peak Cantillon Effect: Swiss National Bank Prints Its Way To Prosperity

“The SNB raked in ENORMOUS investment profits because they printed hundreds of billions of francs, which inflated the prices of assets that they themselves were buying.  And today, because of those artificial investment gains that they engineered for themselves, the SNB is now the most profitable company in the world.  Oh, and just so you know the other half of the story, while the central bank is raking in record profits, total debt in Switzerland has skyrocketed.”

Read more: http://www.thedailybell.com/news-analysis/this-funds-investment-performance-rivals-bitcoin-puts-warren-buffett-to-shame/

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Swiss Central Bank Bails Out Firm That Prints Swiss Banknotes

“In the most ironic story of the day, the company that makes the paper that Swiss banknotes are printed on was just bailed out by the money-printing, stock-purchasing, plunge-protecting, savior-of-global equities…Swiss National Bank.”

Read more: https://www.zerohedge.com/news/2017-12-21/unprecedented-intervention-swiss-central-bank-bails-out-firm-prints-swiss-banknotes

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NJ Man Arrested After Purchasing Multiple Gift Cards From CVS

“Mount Olive Township Police were called to the CVS location on Tuesday over ‘suspicious activity,’ according to a police report. A man later identified as 28-year-old Craig Nakonechny had ‘repeatedly’ entered and exited the store and ultimately purchased several gift cards.  This was somehow enough to trigger a call to the police (it’s not clear from whom) and a visit from Officer Anthony Gardner.”

Read more: https://reason.com/blog/2018/01/19/promoting-prostitution-charge-for-nj-man

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Unprecedented: Bank Of New York Freezes $23 Billion In Kazakh Assets

“Now we wait for the next multi-billion asset freeze from some sovereign which not many will shed tears for… until one day, as the saying goes, they come to freeze your assets.”

Read more: https://www.zerohedge.com/news/2017-12-21/it%E2%80%99s-unprecedented-bank-new-york-freezes-23-billion-kazakh-assets

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Banks Like Capital One Are Enforcing Bans on Cryptocurrency Purchases

“This isn’t the first time a national bank has taken such a strong and aggressive stance against digital currency. Last October, many customers of TD Bank experienced severe delays and blocks to their accounts while trying to purchase bitcoin on Coinbase.  PNC Bank has also begun taking measures against bitcoin by preventing customers from buying it directly through their bank accounts.”

Read more: https://bitsonline.com/banks-cryptocurrency-ban/

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