Big Banks Move Towards Bitcoin

Bitcoin comes of Age

We're headed for a restructuring of currency exchange, let's face it the system is old and corrupted.  It will always be a challenge to forming transparency when it comes to money but that don't mean we can't start eliminating fees in which many banks charge and start downscaling manipulation.  Bitcoin has shown use, the new frontier is cryptocurrency, sure there has been problems with this creation but like all new advancements the bugs get worked out and tweaking adjustments are made from public input.

Many banks around the world see the potential of Bitcoin, it was just a matter of time before the investment was made in blockchain technology.  Though blockchain-based platforms are still in their infancy, banks think there is potential for big cost savings over current mechanisms, some of which were originally developed in the 1970s.  One of these areas is clearing and settlement of trades.  One big player coming out Digital Asset Holdings LLC, a startup trying to develop mainstream uses for blockchain technology and some their partners are J.P. Morgan Chase & Co., Citigroup Inc., BNP Paribas SA, CME Group Inc. and Accenture PLC.  Another interesting group is Circle Internet Financial who is associated with Goldman Sachs and IDG Capital Partners of China.

Well with names like J.P. Morgan and Goldman Sachs who to this day are not popular or even liked by the public because of the 2008 financial fiasco that buggered the markets, run recon on each new company coming out with blockchain technology.  Bitcoin was created for a simple reason, the public was tired of getting screwed by the big banks.  So as this evolves don't get pulled into mining operations like KnCMiner which has completely pissed-off  the public involved in their blockchain.  Times have definitely changed, 1400 CEOs were interviewed lately and their worst fear was social media, Oh the poor dears.    

Max Keiser and Stacy Herbert discuss Mike Hearn whiny rage quitting Bitcoin in order to join a banking system with life-or-death power but where no real auditing is possible.

G.C.C.U.

The Game Changer

We're at a tipping point and I'm not kidding!  Reading through history and sifting through all possible news source you come away with a better understanding of what we are and where we're going.  Time to pull the dark in and turn it to light, this is actually easy, at this point and time the talking heads are losing their grip.

Over this past weekend, the news came out about leaked recordings (46 hours) of regulators working with the banks, one, in particular, is Goldman Sachs where we find the banks regulate the regulators because the regulators don't want to upset the banks, oh the poor dears.  This just absolutely confirms the whole financial platform is rigged from stem to stern and anyone in this realm outside of a highchair is a puppet.  The faith in our institution of banking has leaked to a level where it will be absorbed into the soil, a level that goes below ground zero.  At the same time this news hit the wire a day after Eric Holder resigned as attorney general, timing is everything.

The financial structure between Europe and United States is in quicksand and mate they are scrambling to erode this problem by pulling the world into a war which gives all the banks' card blanch to clean the slate, the only way out and to keep the game running.  So the fear factor associated with war propaganda keeps the public at bay, this has worked for centuries, part of the secret squirrel platform and with that the world leaders are chasing their own creation (ISIS) and boy that has them very busy.

Now just outside of this bubble you'll find many states here in the US are on the verge of bankruptcy, Pennsylvania, Michigan along with Illinois (just to name a few) can't fund the pension program which seems to be a black hole.  Germany just mentioned yesterday their struggling to fund their military at the moment, only 24 out of a total of 109 Euro-fighters are ready for service, and 38 of 89 Tornado fighters could be utilized properly.  In a war in the Baltic, the army would be overwhelmed.  (Just a few examples of how this is failing, run the recon)  

Don't pay attention to the mainstream news, look at the commodities the numbers don't lie, lumber peaked in Nov 2013 (all time high was in 2005) at 390.00 and today we're at 327.80. Random length lumber futures are a physical delivery 110,000 board feet contract of random lengths 8-foot to 20-foot nominal 2-inch x 4-inch pieces.  Iron Ore 62% Fe, CFR China traded in Dec 2013 at 122.25 and today we're at 82.27, this is traded in US dollars per dry metric ton.

Also on another note, Apple and Google will incorporate encryption on smartphones where James Comey the FBI director could not comprehend why companies would market something expressly to allow people to place themselves beyond the law. You have to ask yourself, what law is that?   

We can now take advantage of this situation.

Between the banks and large corporations who are the real game runners of this man-made board of monopoly, we come to find that it's this entity who pull all the strings tied to modern day economics.  The game changer right now to add fuel to the fire is don't buy a damn thing your going to need $it$, (just what maintains life) at which point all small business and large corporations along with the secret squirrel banks would piss and moan to members of congress and that is not going to help.  From there and give it time, (remember, bide your time and hid your abilities) the members of congress will have their hands out and the dark money will be gone because business gets it from you.  At which point the corrupted members of government will be heading for the door when the easy money is gone, then we can get back to real humans with real standards, we can then rebuild.  Hey, Mate, this will work for any country, time to take advantage of the situation and like our friends across the Atlantic would say, as in Soccer "kick it!"  

The printing money press bearings are wearing thin in many countries and we have so many scenarios coming down the pike all at once, the whole thing is going to implode.   

Steven R

This EU is the New Communism

European Parliament

 From across the Atlantic, we see a new Titanic which is the Eurozone. The network of finance that literally exploded after 2008 put holes in banking, governments around the world that were invested in the swaps had to start printing money just to stay afloat. At European Parliament in Strasbourg, we can see the tension grow of wealth that was confiscated from Cyprus.  The message this sends out to investors is very loud and clear: Get your money out of the Eurozone before they come for you. What this have done in Cyprus is actually sounded the death knell of the euro.  Nobody in the international community will have confidence in leaving their money there.  Nigel Farage MEP goes on to say, "this European Union is the new communism.  It is power without limits. It is creating a tide of human misery and the sooner it is swept away the better." 

Keep an eye on Europe for what happens over there will ripple across the pond and hit all shores, of all banks and brokers who were heavily vested in the world's largest financial scandal of all time.  The U.S. will be the next to pull a Cyprus, we're all going to ride this wave as it comes crashing.

europarl



Who runs the Euro?

Speaker: Nigel Farage MEP, "And you can't admit that joining the euro was a mistake - of course Mr. Papandreou did that didn't he, he even said there should be a referendum in Greece and within 48 hours, the unholy trinity (troika) that now run this European Union had him removed and replaced by an ex-Goldman Sachs employee puppet. We are run now by big business, big banks and in the shape of Mr. Barroso, big bureaucrats."

Printed money today is a Black Hole for any country, the only safe haven would be to look at a countries GDP and it's that currency in which to invest and or switch. 

europarl

Economic Collapse Emanate

Emanate: unseen forces coming out of a specific source.


By Greg Hunter’s USAWatchdog.com

Employers are cutting full-time employees back to part-time to avoid the
requirement of providing health insurance under Obama Care. Trader Karl Denninger says, “As the Obama Administration runs against the economic reality of what they passed, they are now trying to find ways to dodge it. . . . The Obama Administration’s reaction to this has been to unilaterally, and by the way illegally, put off the imposition of mandate.” This is not going to save the teetering economy as Denninger contends, “Bernanke has lost control of the bond market and, in general, his policy. . . . The reality is the Fed is not in charge, and when that confidence level breaks, you are going to see all hell break loose.” Denninger goes on to predict, “We are setting up for a collapse that is going to be worse than 1929, and it’s going to come sometime within the next two years. It could come as soon as the next couple of months, but it is going to happen, and there’s nothing that is going to stop it.” (end watchdog)

Wow, here's a startling fact -- more than 10 million Americans have been evicted from their homes since 2007. That's nearly the entire population of the state of Michigan. Just imagine if the people of an entire state were rendered homeless overnight -- it would be quite a calamity. In February 2007, just before everything fell apart, Goldman Sachs bundled thousands of subprime mortgages from across the country and sold them to investors. This bond became toxic as soon as it was completed. Hundreds of thousands of subprime borrowers are still struggling.

Deals like the Goldman one leave a rich paper trail that includes many details about the loans that were contained in the bond. The numbers are jaw-dropping. Three-fourths of the borrowers in the deal have fallen well behind on their payments at some point, according to a special analysis of the deal performed by the Federal Reserve Bank of Boston. Many of those people have lost their houses or will lose them. Nearly half the loans in the bond have been in foreclosure proceedings since it was issued, according to the Boston Fed.

JPMorgan has lately faced a slew of sanctions by federal regulators. In January, regulators ordered the bank to take steps to correct poor risk management that led to a surprise trading loss last year of more than $6 billion. The Federal Reserve and the U.S. Comptroller of the Currency also cited JPMorgan for lapses in oversight that could allow the bank to be used for money laundering.

About Greg Hunter:

Greg is the producer and creator of USAWatchdog.com. The site's slogan is "analyzing the news to give you a clear picture of what's really going on." The site will keep an eye on the government, your financial interests and cut through the media spin.
USA Watchdog is neither Democrat nor Republican, Liberal or Conservative. Before creating and producing the site, Greg spent nearly 9 years as a network and investigative correspondent. He worked for ABC News and Good Morning America for nearly 6 years. Most recently, Greg worked for CNN for shows such as Paula Zahn Now, American Morning and various CNN business shows.

Greg Hunter

Goldman Sachs Modeling

By Eric Fry- Daily Reckoning

“There’s nothing to see here, folks… Move along… Move along… Nuthin’ to see here… Just another little pile-up of victimless financial crimes.” That’s what the beat cops on Wall Street barked repeatedly last week just after the Justice Department and the SEC dropped their separate criminal investigations of Goldman Sachs.

Read more: Why Goldman Sachs May Have Trouble Maintaining its Business Model

Man oh man,  the real world is not loop holes in paper work or a secret sauce.  The public is in tune to all this, many large entities are having trouble regaining the confidence of customers, you think?  All anyone has to do is grade who you are doing business with,  most of all look at track records and who are they associated with.  All in all with a watch, there is a watch maker.

Here is a quote of a not so famous president:

"It's not the act that gets you in trouble, it's the lie to cover it."
Ririchard M. Nixion

So business as usual, let's have a party!

Frizzers