Citizens of Cyprus, known as Cypriots, are finding out that their duly elected representatives have now sanctioned theft of their private bank accounts. President Nicos…
GoldSilverBitcoin
Bitcoin has gone parabolic in the Headlines. Perhaps it is because of Bitcoins recent rise of over 200% percent since September of 2011. To be honest Bitcoin has not gotten the credit that it deserves. Among the Old Guard of the sound money champions, the biggest point of contention that they have with Bitcoin is that it has no “intrinsic value”.
The markets are in the midst of what will be remembered as a renaissance from paper-crack gamblers, especially the variety who only made money when the indexes, like the DOW, were up day-in and day-out. And they have been. If you are a devout paper addict, you’ve been doing great for the past month. Yet, despite the all-time highs and record winning streaks, people aren’t interested in the stock market. Just as everyone knows each politician is compromised or corrupted, so too will the markets give way to dizzying flash crashes or tumult in the Euro zone and eventually North America. All this in the wake of the 2008 banker bailout has driven the retail client out of stocks. Most of the people with money these days are heading out of paper, into real estate again or precious metals and other safehaven plays. Nobody trusts the stock market, for it is rigged and in the favor of the monied.
For the first time in human history almost all of humanity is politically activated, politically conscious and politically interactive… The resulting global political activism is generating a surge in the quest for personal dignity, cultural respect and economic opportunity in a world painfully scarred by memories of centuries-long alien colonial or imperial domination… The worldwide yearning for human dignity is the central challenge inherent in the phenomenon of global political awakening… That awakening is socially massive and politically radicalizing… The nearly universal access to radio, television and increasingly the Internet is creating a community of shared perceptions and envy that can be galvanized and channeled by demagogic political or religious passions. These energies transcend sovereign borders and pose a challenge both to existing states as well as to the existing global hierarchy, on top of which America still perches…
GSBTC: Hello, who are you?
My name is Peter Schiff and I am in the investment business.
As Trace Mayer points out, if Bitcoin enjoys the same success as Skype, then it will become a 8 billion dollar market cap in about…
Yet another website has announced their acceptance of Bitcoin: Namecheap, the webs’ top domain buying service, now accepts the digital files for their services. The company had been in works to begin accepting the currency for some time. Namecheap has served more than 1 million customers. Their statement went as such:
March 2, the Mt. Gox chart shows a price fall from about $34.80 to $33.15. During this selloff, 22,000 BTC or 6.1 of the BTC…