Libertarians love Bitcoin.
About 44% of the online crypto-currency’s users self-identify as Libertarians.
They love the fact that it’s not controlled by a government or central bank — so no online Fed can “print” more of it and inflate our way out of trouble. They love that it’s decentralized; it’s the currency of The People, not The Man. They love that it’s “mined,” a bit like gold, because that makes it a bit like the gold standard, which libertarians think real currencies ought to be tied to. They love that Bitcoin isn’t taxed, so you can hide your income from the government if you want to. They love the way its value reflects pure supply and demand, and not a value forced into the system by regulation or monopoly. And they love that it’s fairly lawless — it’s difficult to enforce rules (other than the rules of the market) when everyone in the market is anonymous.
Continue reading Bitcoin Proves The Libertarian Idea Of Paradise Would Be Hell On Earth
The Vatican bank is among the world’s most secretive financial institutions
Italian police have arrested two men who were allegedly trying to deposit trillions of euros in fake bonds in the Vatican bank.
Officials say the pair, an American and a Dutch national, claimed they had an appointment with bank officials to gain entry but were handed over to police.
Continue reading Men held over Vatican Bank ‘three trillion euro bond fraud’
One of Picasso’s most famous portraits, “Seated Woman in Blue Dress,” has sold at auction for $45 million. During World War II, the painting was confiscated by the Nazis but rescued from a train by the French Resistance.
A Pablo Picasso oil painting fetched $45 million (40.9 million euros) at a New York auction on Monday night, the Christie’s auction house announced.
Continue reading Nazi-seized Picasso painting sells for $45 million at auction
Drug cartel leader Jose Luis Gutierrez Valencia hosted the party at a so-called maximum security prison, where inmates were seen glugging spirits with not a guard in sight
In a scene right out of the hit TV series Narcos, Mexico’s most dangerous drugs lords have been caught in secret footage hosting a boozy prison party.
Drug cartel leader Jose Luis Gutierrez Valencia – alias Don Chelo – is seen downing booze as hundreds of other guests dance with girls and feast of tacos.
Continue reading Just like Narcos: Drugs bosses host ‘secret’ boozy party behind bars with whisky, tacos and dancing girls
SHANGHAI (Reuters) – Organizers barred journalists on Sunday from a publicly advertised event in Shanghai to attract Chinese investment in a US real estate project linked to the family of President Donald Trump’s son-in-law in exchange for immigrant visas.
The two-tower luxury apartment complex in New Jersey, One Journal Square, is being developed by KABR Group and the Kushner Companies, which until recently was headed by senior White House advisor Jared Kushner, the husband of Trump’s daughter Ivanka.
Continue reading Jared Kushner’s family is trying to raise $150 million from Chinese investors in exchange for US visas
President Donald Trump said Monday he was contemplating breaking up the big Wall Street banks.
“I’m looking into that right now,” he told Bloomberg about bringing back the “old system” that separated consumer lending and investment banking.
Continue reading Trump says he’s thinking about breaking up the big banks
Nearly 100,000 people are at risk for identity theft after hackers breached the IRS’s Data Retrieval Tool, which parents use to transfer financial information for their kids using the Free Application for Federal Student Aid. In 2015, 17 million students used FAFSA to file for financial aid.
Continue reading Hackers use college student loans tool to steal $30 million