[heading]If 10% Of Humanity Become Bitcoiners, Central Banking Goes Extinct[/heading]
Scientists have found in recent years that when a mere 10 percent of the population holds dear a certain belief, this belief will be adopted by the lion’s share. In 2011, for instance, scientists at Rensselaer used computational and analytical methods to discover the tipping point where a minority belief becomes the majority opinion.
[heading]Gold Drops $10 In 10 Seconds As Britain Announces Gold Manipulation Investigation[/heading]
What happens when you open up an investigation into the gold market? The price drops $10 in 10 seconds.
With investigations by the CFTC into the silver market fading in the US, regulators in Britain have decided to review whether global benchmarks tied to gold trading were manipulated. This investigations is a part of a larger investigation of potential manipulation of the $5 trillion a day currency market, Libor.
[heading]Ayn Rand’s Galt’s Gulch Vision Now A Reality…And It Accepts Private Money Bitcoin[/heading]
Jeff Berwick, CEO of TDV Media and The Dollar Vigilante, made quite a stir when he announced earlier this year his plan to open a Bitcoin ATM in Cyprus while the bankers were closed there.
Now, he’s created a place where you can go and use your bitcoins: Berwick’s created something like John Galt’s vision (from Ayn Rand’s “Atlas Shrugged), Galt’s Gulch. He’s called it Galt’s Gulch Chile.
On Tuesday silver prices were dragged down to $20.60, leading many precious metals investors to wonder where their complex would head next. The only metal which showed any strength was platinum. The soft prices in 2013 for silver did not stifle demand, as sales of the American Silver Eagle one-ounce bullion coin hit an annual record Tuesday.
The total sales to date as of Tuesday, November 12, 2013, were 40.175 million ounces, according to the Mint.
The previous annual record was set in 2011 at 39.869 million ounces.
[heading]Bank Of America Tells Clients It Might Find A “Climate Far More Conducive To Embracing” Bitcoin[/heading]
Are you a small business discouraged at the prospect of finding an account with a bank that will accept your Bitcoin vision? Have you been rejected by Citibank, US Bank, Bank of America and/or others?
Deep breath.
There is reprieve in the offing.
Bank of America has told its small business clients that they might be surprised to find a future environment embracing crypto-currencies like Bitcoin.
If it weren’t for monumental quantitative easing programs, the world’s economic leaders would not be hiring the bit faster nor creating a few more jobs as they currently are.
[heading]Speculator Activity Shows Funds Selling Gold And Silver[/heading]
Speculator activity in the recent Commodity Futures Trading Commission showed that funds were selling gold and silver, while adding to their platinum group metals accounts in future and option on the Comex division of the New York Mercantile Exchange and the Nymex.
When I saw the headline that Twitter was sparking a new “catalyst for a new technology investment mania”, I spit my tea all over Apple laptop. Thanks Financial Times.
As Financial Times writes, because of Twitter, “a new era has officially begun.”
I think they’ve missed the point.