Bitcoins to Survive Lull, Shake Industries, Wedbush Says

“Bitcoins, the virtual currency that fell by more than half after surging past $1,100 last year, are probably one to three years away from broader adoption that will challenge industries, Wedbush Securities Inc. analysts wrote.  Venture-capital investments in bitcoin businesses have doubled in less than three months, and programmers are bolstering security, the analysts wrote. As bitcoins catch on, they will cut into more than $300 billion in revenue generated by global payments and challenge industries that account for about 20 percent of U.S. gross domestic product, the analysts said.”

http://www.bloomberg.com/news/2014-05-28/bitcoins-to-survive-lull-shake-industries-wedbush-says.html

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Dish Network Says It Will Accept Bitcoin

“Most of Dish Network’s 14 million subscribers are probably not Bitcoin users. But that will not stop the company from accepting payments in the virtual currency later this year.  Dish announced on Thursday that customers would be able to make manual payments in Bitcoin beginning in the third quarter. And while Dish may not be the first company to accept Bitcoin, it claims to be the largest — though the appeal of the payment option is still unclear. Retailers like Overstock.com and Virgin America already accept virtual currency, helped by new services that aim to make digital money easier to use.”

http://dealbook.nytimes.com/2014/05/29/dish-network-to-accept-bitcoin/?_php=true&_type=blogs&_r=0

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BitPay, Toshiba Partnership Will Bring Bitcoin to 6,000 New Merchants

“Bitcoin merchant payment processor BitPay has announced a new partnership with electronics manufacturer Toshiba that will integrate bitcoin payments into Toshiba’s touch-screen point-of-sale platform, VisualTouch.  BitPay will provide technical assistance for the purpose of integrating bitcoin payments into the existing VisualTouch system. VisualTouch is used by more than 6,000 client-companies in the hospitality, restaurant, grocery and retail sectors worldwide.  The news also follows BitPay’s Series A funding round in which it raised $30m from an investor pool led by Index Ventures.”

http://www.coindesk.com/bitpay-toshiba-partnership-bitcoin-6000-merchants/

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Put the World’s Top Asset Protection Jurisdiction on Your Radar

“Why Nevis? Simply stated, it has highly protective legislation for international LLCs and trusts.  A Nevis international trust is also an ideal estate planning option. Not only does it provide unsurpassed asset protection, it also lets you set up a ‘dynasty trust’ that can last for generations – potentially, forever. That’s because Nevis has abolished what’s called the ‘rule against perpetuities’ that in most US states – and many countries – strictly limits the duration of a trust.”

http://www.nestmann.com/put-the-worlds-top-asset-protection-jurisdiction-on-your-radar

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Capital Controls Rolling Into High Gear Under FATCA

berwick1

“It isn’t just affecting the most financially restricted people on Earth: US citizens… it is affecting everyone.  Take myself, for example.  I operate numerous businesses worldwide.  I am a Canadian citizen as well as the citizen of a Caribbean country and our business operations are also operated out of a non-tax jurisdiction in the Caribbean.  On top of that we hold no bank accounts, whatsoever, in the US… instead, we have bank accounts all over the world.  Yet, in the last two months we have had our accounts or transactions frozen, denied or questioned in different jurisdictions at least ten times.  And we have had countless other problems over the last two years.”

http://www.thedailybell.com/editorials/35354/Jeffrey-Berwick-Capital-Controls-Rolling-Into-High-Gear-Under-FATCA/

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Envelopes of cash being hidden around S.F.

“Someone who has made a lot of money in the San Francisco real estate market is giving some of it back — in $20 and $100 bills stuffed in envelopes hidden around the city.  All that’s known about the anonymous millionaire, who uses the Twitter handle @HiddenCash: He’s between 35 and 45, recently made $500,000 on a single deal, has some friends helping him with the money drops, and gave away $4,000 between Thursday night and Sunday.  He now has more than 52,000 followers, and every tip sparks what the San Francisco Chronicle calls a ‘social-scavenger hunt’ in different districts of the city.”

http://www.usatoday.com/story/news/nation/2014/05/27/newser-hidden-cash-san-francisco/9623557/

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Lew Rockwell: Speaking Truth to Monetary Power

“We have every reason to expect governments to exploit their positions as monopolists of the production of money in ways that increase their power and benefit favored constituencies. We do not need ‘monetary policy’ any more than we need a paintbrush policy, a baseball bat policy, or an automobile policy. We do not need a monopoly institution to create money for us. Money, like any good, is better produced on the market within the nexus of economic calculation. Money creation by government or its privileged central bank yields us business cycles, monetary debasement, and an increase in the power of government.”

http://www.thedailybell.com/editorials/35335/Llewellyn-H-Rockwell-Jr-Speaking-Truth-to-Monetary-Power/

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A Few Years Ago, A Mexican Drug Lord’s House Got Raided…

“A cash pile this size is approximately $200 million.”

http://www.viralnova.com/mexican-drug-lord-house/

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David Galland: Lessons from Economic Crises in Argentina

“You would think they would want more US dollars to flow into the country, but the government policy is so balled up they have put up some barriers to bringing money into the country. That said, there are simple mechanisms you can use to get around the restrictions that are completely legal. One of which involves buying Argentine bonds on the international market and selling them back in Argentina. Unlike in the US, where everything is straightforward and the rules generally make sense, in Argentina it’s a very fluid situation. I love the fact that I feel like I’m getting a degree in economic crises and how to operate in one.”

http://www.internationalman.com/articles/lessons-from-economic-crises-in-argentina,-with-david-galland

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Robert Ringer: When Not to Save Money

rringer-11

“Making money is a direct result of the amount of time spent creating valuable products and figuring out ways to market them.  Marketing is the engine of every successful company, because it leads to sales — and sales lead to profits.  It all gets down to how you spend your time.  Would you rather spend it focusing on problems or opportunities?  Any overhead, no matter how small, is a problem if your income isn’t high enough to cover it.  And, in theory, no amount of overhead is too high if your income is great enough to cover it — preferably many times over.”

http://robertringer.com/when-not-to-save-money/

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