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Bitcoin rises more than 20% over 600 before Senate hearing

As the Senate is convening it’s first hearing on ‘digital currencies’ (but specifically Bitcoin) it has surged above $600/USD which is a record high. One reason for the surge ahead of the Senate hearing could be partially fuelled by the fact that you can now buy Real Estate in China with Bitcoin: Bitcoin acceptance in […]

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Bitcoin Rises Over $500 – Is it a valid asset?

Bitcoin has breached the $500 mark as the US Congress convenes its first hearing on “Virtual Currencies.”  From Zero Hedge: Finally, for those curious what a “fair value” on Bitcoin may be, here is what we presented [13]a week ago, courtesy of Global Macro Investor’s Raoul Pal: So yes: Bitcoin is volatile. Very. That much […]

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Brief history of labor and it’s significance in the US economy last 40 years

Arguably, what makes any economy strong is labor, and manufacturing.  The US has shifted from a manufacturing base economy to a financial / service based economy.  Corporations are making profits, but not creating anything.  By giving China and other countries jobs, it’s given them economic power.  An anti-labor trend that began in the 1980’s has […]

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FBI warns of U.S. government breaches by Anonymous hackers

While the NSA, CIA, and other agencies are spying on the populous, it appears that at least in some instances, the populous is spying on them as well.  But of course the populous will be held legally liable.  Activist hackers have been accessing US government computers in multiple agencies (we can assume CIA, NSA, at […]

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C.I.A. Collects Global Data on Transfers of Money

It appears the NSA is not the only agency with data collection programs that are not widely known.  Several officials (both current and former) confirmed the programs’ existence anonymously as the program is classified.  From the New York Times: The Central Intelligence Agency is secretly collecting bulk records of international money transfers handled by companies […]

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