Global Intelligence
The Soviets had an expression about the paradoxes in the Capitalist West, that they would sell each other nooses to kill themselves. It appears that due to the transformation of the educational system to a market based system, and less so of an abstract academic, intellectual nature (where students pay and expect to get a […]
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In typical Fedspeak, the Fed has said absolutely nothing while discussing tapering, saying that they may taper if conditions warrant, with an unknown amount. *FOMC SAW `SEVERAL SIGNIFICANT RISKS’ REMAINING FOR ECONOMY *FED TAPER LIKELY IN COMING MONTHS ON BETTER DATA, MINUTES SHOW *METLIFE FOUNDATION, SESAME WORKSHOP PARTNER TO PROVIDE FINL *FOMC SAW DOWNSIDE RISKS […]
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As the crisis forces local governments to seek new sources of revenue, due to a deteriorating financial situation for many of them, facing bankruptcy or worse; local governments are getting creative. Some have imposed strange new taxes, but many have fallen back on the age old industry; gambling. Gambling has had an interesting history in […]
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A panel of IT experts recommended that Americans do not use the healthcare.gov website due to security flaws that could lead to identity theft or worse. The experts said they’ve ‘never seen anything like it’ and that it would be easy for a hacker with basic knowledge to break into the site, stealing private […]
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With the recent attention to Bitcoin, GIH has been researching how the process of Bitcoin works. The team has read many articles about it and even suggested to investors to invest in it more than 6 months ago. The Bitcoin community has grown with the price. In the beginning, it was a small group of […]
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What’s the biggest threat to humanity you can think of? Pollution, disease, natural disasters, terrorism, crime, drugs…? But do we ever think about our basic life support needs? We usually don’t have to because luckily for us we have a system. It’s a system where you can gain employment and work for money which of […]
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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 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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Contrary to what is taught in economics school by lesson plans financed by the military industrial complex, economists are now saying that war is bad for the economy. It seems common sense that destruction of property couldn’t possibly be a net gain. Yet we are led to believe that $1 invested in the military industrial […]
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