Liberty Dollar relaunches as silver-backed cryptocurrency

“The original Liberty Dollars were promoted by the issuer to be used in commercial transactions as an alternative to federal currency, including Federal Reserve notes. Liberty Dollars eventually drew the attention of federal authorities, who filed criminal counterfeiting charges against Bernard von NotHaus.”

Read more: https://www.coinworld.com/news/precious-metals/2018/06/liberty-dollar-becomes-silver-backed-cryptocurrency.all.html

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U.S. Secret Service Demands Congress Regulate Cryptocurrencies

“In a formal address to Congress, the U.S. Secret Service issued a stern warning regarding the illicit use of digital currencies that could have severe implications for possible future legislation.”

Read more: https://bitsonline.com/u-s-secret-service-to-congress-address-criminal-use-of-cryptocurrency-now/

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Feds ran a money-laundering operation for over a year in $20M darknet sweep

“The core of the operation was an online money-laundering business seized by agents from Homeland Security Investigations and operated as a sting for over a year. By offering cash for bitcoin, HSI agents were able to identify specific drug dealers, ultimately tracing more than $20 million in drug-linked cryptocurrency transactions.”

Read more: https://www.theverge.com/2018/6/27/17509444/dark-web-drug-market-money-laundering-hsi-dark-gold

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The Brexit Short: How Hedge Funds Used Private Polls to Make Millions

“Private polls—and a timely ‘concession’ from the face of Leave—allowed the funds to make millions off the pound’s collapse.”

Read more: https://www.bloomberg.com/news/features/2018-06-25/brexit-big-short-how-pollsters-helped-hedge-funds-beat-the-crash

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Senators Vote To Block Marijuana Banking Amendment

“A powerful U.S. Senate panel has moved to block an amendment to let marijuana businesses store their profits in banks.”

Read more: https://www.forbes.com/sites/tomangell/2018/06/21/senators-vote-to-block-marijuana-banking-amendment/

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Russia cuts Treasury holdings in half as foreigners lose appetite for US debt

“Finding buyers for government debt has become increasingly important since the Federal Reserve halted its bond-buying program in October 2016 after swelling its holdings to more than $4.2 trillion.”

Read more: https://www.cnbc.com/2018/06/18/russia-cuts-treasury-holdings-in-half-as-foreigners-start-losing-appetite-for-us-debt.html

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Bill Bonner: Ike was right!

“There were two big temptations to the American Republic of the 1950s; subsequent generations gave in to both of them.”

Read more: https://bonnerandpartners.com/ike-was-right/

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Thanks To Equity Boom, Millionaires Now Control Half of the World’s Personal Wealth

“China trails only the U.S. in the number of millionaires and billionaires.  Globally, the ranks of the ultra-rich are expected to reach 671,000 by 2022.”

Read more: https://www.bloomberg.com/news/articles/2018-06-14/millionaires-now-control-half-of-the-world-s-personal-wealth

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Self-Serving BIS Report Warns Bitcoin Is Flawed, Will ‘Bring The Internet To A Halt’

“The Bank for International Settlements just told the cryptocurrency world it’s not ready for prime time — and as far as mainstream financial services go, may never be.”

Read more: https://www.bloomberg.com/news/articles/2018-06-17/bitcoin-could-break-the-internet-central-banks-overseer-says

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Auto Lenders Taking More Risks: Longer-Term, Higher Balances, Lower Quality

“In addition to blaming the lack of creditworthy borrowers, banks are all blaming the rising prices of vehicles as a reason for their disintegrating lending standards.”

Read more: https://www.zerohedge.com/news/2018-06-12/auto-lenders-are-taking-more-risks-extending-terms-more-debt-lower-quality

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