Daily Archives: March 4, 2014

Jon Stewart on the “Bitcoin” era

Last week we had the Mt Gox loss and closure, today we have news of a second Bitcoin bank going bankrupt. This time after misplacing £365,000 in credits. See: Bitcoin bank Flexcoin closes after hack attack. Jon Stewart sheds some … Continue reading

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The harder the fall: the truth about central banks and business cycles

Just because we’ve had a system of central banking for 100 years doesn’t mean we ought to. In fact, it’s starting to look like central banks do more harm than good. From obscuring the true cost of credit to causing … Continue reading

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Why Putin is not afraid of the west

Corruption in developing and newly industrialized countries has been greatly aided the past many years by the financialization of the global economy which has funded an unethical, extractive, destructive spending addiction in the west. “Those who spend more than they … Continue reading

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60 Minutes examines corruption in Russia

“Russia has been showing the world glistening scenes of the Winter Olympics. It’s a rare opportunity to brighten a national image that often skates on the thin ice of corruption. One authority estimates that 20 percent of the Russian economy … Continue reading

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