Inside The Federal Reserve: “Money For Nothing” – The Full Movie

Published on Dec 1, 2014 by H7

Nearly 100 years after its creation, the power of the U.S. Federal Reserve has never been greater. Markets and governments around the world hold their breath in anticipation of the Fed Chairman’s every word. Yet the average person knows very little about the most powerful – and least understood – financial institution on earth. Narrated by Liev Schreiber, Money For Nothing is the first film to take viewers inside the Fed and reveal the impact of Fed policies – past, present, and future – on our lives. Join current and former Fed officials as they debate the critics, and each other, about the decisions that helped lead the global financial system to the brink of collapse in 2008. And why we might be headed there again…

The Inevitability of Economic Collapse – A Conversation with G. Edward Griffin

Published on Feb 19, 2015 by Stefan Molyneux

Stefan Molyneux and G. Edward Griffin look at the central banking scam, the crisis in Greece, the inevitability of economic collapse, the possible collapse of the Euro, widespread panic in the Eurozone, Gold as a historical store of financial value, the practical impossibility of solving the problems in Greece and fiat currency withdrawals.

How Bitcoin Compares to Fiat Currency’s House of Cards

Published

Double standards are like mosquitoes to me: after hearing their buzz for a while, I want nothing more than to shine a flashlight their way and swat them down mercilessly. One such double standard is the harsh way in which economists and commentators criticize Bitcoin technology, while at the same time taking for granted the financial system that they live under every day.

Yes, the value of Bitcoin and other cryptocurrencies is very volatile still, and the ecosystem that develops around them has been a Wild West so far. But in the six years of Bitcoin’s existence, the underlying technology—decentralized and open source in nature—has proven itself to be extremely robust and constantly evolving. Bad computer code is replaced over time by good code (or at least by a stable workaround), and likewise, bad companies are forced by the market to make way for better ones. Creative destruction rules the cloud.

Read more: https://bitcoinmagazine.com/19140/bitcoin-compares-fiat-currencys-house-cards/

The biggest bubble ever, the money bubble [Part 1]

Published by David P. on December 2, 2014

The biggest bubble ever, some call it a money bubble, others call it a debt bubble, both are right, this is a bubble based on over hundred years of constant growing money supply, and since money today is a byproduct of debt, the debt supply is also constantly growing. The supply of money and debt load is now so large we measure it in trillions and soon in quadrillions (derivatives already valued over one quadrillion, see picture above). Extremely fast growing money supply and debt is now what we call normal, we have been living in this bubble all our lives. Still, a lot of people can feel at a deeper level that there’s something very wrong with the world economic system, I’m one of them. It wasn’t until I did some deeper research into how this system works that I realised the extent of the bubble. It’s so much larger than most can imagine.

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Banks urge clients to take cash elsewhere

Published on Dec 8, 2014 by

New rules mean some deposits aren’t worth it, J.P. Morgan, Citigroup and others tell large U.S. clients.

Banks are urging some of their largest customers in the U.S. to take their cash elsewhere or be slapped with fees, citing new regulations that make it onerous for them to hold certain deposits. The banks, including J.P. Morgan Chase & Co., Citigroup Inc., HSBC Holdings PLC, Deutsche Bank AG and Bank of America Corp., have spoken privately with clients in recent months to tell them that the new regulations are making some deposits less profitable, according to people familiar with the conversations.

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Bitcoins and Gravy EP 45: Commissioner Gonzales talks Bitcoin Regulation!

Published on December 7th, 2014 by Bitcoins and Gravy

On todays show I stay right here in Nashville where I am privileged to be speaking with Tennessees top banking official, Commissioner Greg Gonzales. Commissioner Gonzales is the man responsible for overseeing the Tennessee Department of Financial Institutions. Commissioner Gonzales talks to us about how he is working to bring state legislators together, with payment experts and users, to examine the Opportunities and potential risks tied to new currencies… including of course everyones favorite… Bitcoin!

How Millennials and the ‘Bitcoin Mindset’ Will Change the Industry

By Nov. 19, 2014

Whether financial services executives love or hate Bitcoin, experts say the digital currency’s underlying technology will inevitably affect their businesses. And the next generation of consumers are driving this change.

For decades, cryptographers have tried to disrupt the payments industry with new digital cash systems, but their efforts faded into obscurity, Rafael Pass, an associate professor of computer science at Cornell University told me during the Jacobs Technion-Cornell Institute’s Future of Money conference last week. But the spread of Bitcoin as a decentralized, distributed, peer-to-peer electronic cash system has thrust cryptography into the mainstream over the past couple years.

“Now cryptography is cool,” Pass said.

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Protect Your Assets With Bitcoin

Imagine working your entire life and saving money for retirement only to have it all taken away from you. Perhaps you may feel that your assets are protected using the legacy banking system? We trust this system because it is rooted in stability and tradition.

Our accounts are generally insured against fraud, unless of course the fraud comes from within the system. Banking markets itself as a safe and reliable means of storing wealth, and for the most part it can be. That said, if we take a closer look at its history and how things operate “under the hood”, we may see a different picture entirely.

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US wealth inequality – top 0.1% worth as much as the bottom 90%

Published by theguardian.com

Not since the Great Depression has wealth inequality in the US been so acute, new in-depth study finds.

Wealth inequality in the US is at near record levels according to a new study by academics. Over the past three decades, the share of household wealth owned by the top 0.1% has increased from 7% to 22%. For the bottom 90% of families, a combination of rising debt, the collapse of the value of their assets during the financial crisis, and stagnant real wages have led to the erosion of wealth.

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76% of Americans are living paycheck-to-paycheck

June 24, 2013 via CNN

Roughly three-quarters of Americans are living paycheck-to-paycheck, with little to no emergency savings, according to a survey released by Bankrate.com Monday.

Fewer than one in four Americans have enough money in their savings account to cover at least six months of expenses, enough to help cushion the blow of a job loss, medical emergency or some other unexpected event, according to the survey of 1,000 adults. Meanwhile, 50% of those surveyed have less than a three-month cushion and 27% had no savings at all.

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Why Bitcoin will do to banking what the cell phone did to communication

By Dominic Frisby on 5 November 2014

It is estimated that half of all adults worldwide do not have access to basic financial services. According to the World Bank, the reasons for this are “poverty, the cost, the travel distance and the necessary paperwork to open an account.” Only two billion people are ‘banked’ and participate in ecommerce. Yet about 5.5 billion have at least some access to the internet. That’s a potential 3.5 billion people who could participate in ecommerce but don’t, because they don’t have access to the necessary financial infrastructure.

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The Hidden Dangers of Bitcoin

Published on Nov 6, 2014 by Stefan Molyneux

Bitcoin is a revolutionary decentralized architecture which can be used for an untold number of incredibly valuable services – including the transfer of financial value. As Bitcoin adoption continues to expand, significant interests are threatened and early users could face an incredibly dangerous backlash. Please protect yourself, a fight is coming…

The Untouchables: How the Obama administration protected Wall Street from prosecutions

Published by Glenn Greenwald via theguardian.com on Wednesday 23 January 2013

PBS’ Frontline program on Tuesday night broadcast a new one-hour report on one of the greatest and most shameful failings of the Obama administration: the lack of even a single arrest or prosecution of any senior Wall Street banker for the systemic fraud that precipitated the 2008 financial crisis: a crisis from which millions of people around the world are still suffering. What this program particularly demonstrated was that the Obama justice department, in particular the Chief of its Criminal Division, Lanny Breuer, never even tried to hold the high-level criminals accountable.

What Obama justice officials did instead is exactly what they did in the face of high-level Bush era crimes of torture and warrantless eavesdropping: namely, acted to protect the most powerful factions in the society in the face of overwhelming evidence of serious criminality. Indeed, financial elites were not only vested with immunity for their fraud, but thrived as a result of it, even as ordinary Americans continue to suffer the effects of that crisis.

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Fidor Bank Partners With Kraken to Create Cryptocurrency Bank

Published by Drew Cordell on November 1, 2014

Fidor Bank, a German Web 2.0 bank, is partnering with Kraken to launch an initiative that will create a specialized bank for cryptocurrencies. The project aims to create a regulated and licensed financial service institution. The project will combine several products and services from various companies to offer a great variety of financial products and services that are geared towards cryptocurrencies.

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If Everything Moves at the Speed of Light, Why Is My Money So Slow?

Published by Ben Steverman on Oct 30, 2014 via Bloomberg

Photograph: Getty Images

New fiber optic wires can carry a two-hour movie in 31 millionths of a second. Hedge funds already make trades in a fraction of that time. And when you pay a bill online, money disappears from your account at high velocity.

So why does money take so long to appear in your account? Why, when you want to move cash from one account to another, is it faster to walk it there — even if it’s a really long walk?

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Banking Elite Meet in Washington To Discuss Bitcoin Threat

Published by Evander Smart on October 13, 2014 via cryptocoinsnews.com

The Institute of International Finance held its annual membership meeting in Washington this past weekend, and banking elite from all over the world convened to discuss many topics.  The newest topic of discussion at this year’s meeting, one that had eluded them in previous years, was a threat to traditional banking embodied by Bitcoin and other crypto-currencies.  What should banking “do” about a Bitcoin threat?  What can they do about it?

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