Bank of Finland Report Calls Digital Currency a “Fallacy”

“According to the article, the main impetus for buying cryptocurrencies are either for criminal activities, creating a sense of community, security against ‘real or imagined’ state oppression, and the thrill of trading.”

Read more: https://cointelegraph.com/news/bank-of-finland-releases-scathing-crypto-report-calls-digital-currency-a-fallacy

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Doug Noland: Intimidate Nobody

“Over time, attaining financial wealth became an absolute prerequisite for wielding geopolitical power and influence.  The old military variety appears almost feeble standing next to the contemporary Financial Arms Race.”

Read more: http://creditbubblebulletin.blogspot.com/2018/07/weekly-commentary-intimidate-nobody.html

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China’s Central Bank Spars With Its Ministry of Finance

“In China the fingerpointing over who is responsible for China’s economic mess has begun.”

Read more: https://www.zerohedge.com/news/2018-07-20/startling-development-war-words-erupts-between-chinas-central-bank-and-ministry

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Trump Blasts China, EU For ‘Currency Manipulation’

“The currency war has arrived.  So say some of the best and brightest in the $5.1 trillion-per-day foreign-exchange market.”

Read more: https://www.bloomberg.com/news/articles/2018-07-20/currency-war-erupts-as-trump-blasts-china-eu-for-manipulating

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Trump Stands His Ground Versus The War Party

“Some on the left believe we need a military coup to save our democracy.”

Read more: http://buchanan.org/blog/trump-stands-his-ground-on-putin-129692

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California Rep. Supported By Banks Pushes For Federal Cryptocurrency Ban

“‘We should prohibit U.S. persons from buying or mining cryptocurrencies,’ the California Democrat – whose largest donor is credit card processor Allied Wallet – declared.”

Read more: https://www.coindesk.com/u-s-congressman-calls-for-national-ban-on-crypto-ownership/

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California throws out petition to split into 3 states at environmental group’s prompting

The California Supreme Court shot down the controversial initiative from appearing on the November ballot in a unanimous decision, writing that ‘significant questions have been raised regarding the proposition’s validity.'”

Read more: https://www.cnn.com/2018/07/18/us/california-three-states-initiative-court/index.html

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Florida jails tourist for collecting seashells

“Fiscal-Gonzalez said she didn’t know taking the shells from the beach was illegal. She was planning to give the state-protected mollusks away as gifts.”

Read more: https://www.usatoday.com/story/news/nation-now/2018/07/18/tourist-collected-queen-conch-seashells-florida-sent-jail/794883002/

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U.S. deficit now projected to top $1 trillion starting next year

“The White House budget office now estimates that the deficit will rise to nearly $1.1 trillion in the fiscal year that begins this October, or 5.1% of gross domestic product, up from $984 billion projected in February’s budget proposal. The U.S. ran a deficit of $666 billion for the fiscal year that ended Sept. 30, 2017, or 3.4% of GDP.”

Read more: https://www.marketwatch.com/story/us-deficit-now-projected-to-top-1-trillion-starting-next-year-2018-07-19

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The ACLU Has Basically Quit Defending The Constitution

“Would the ACLU ever offer a ‘Pro-Liberty Case for Fourth Amendment Restrictions?'”

Read more: http://thefederalist.com/2018/07/19/the-aclu-has-basically-quit-defending-the-constitution/

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