Select Page

Bank Of England Governor Claims Bitcoin Has “Failed” As A Currency

Bank of England (BoE) Governor Mark Carney declared that Bitcoin cannot be considered a legitimate currency by “traditional” definitions, The Telegraph reported Monday, Feb. 19. At an event at London’s Regent’s University, CoinTelegraph reports that Carney claimed that Bitcoin failed to meet two major requirements of a traditional currency, claiming that Bitcoin is neither a means of exchange, nor a store of value. “It [cryptocurrency] has pretty much failed thus far on… the traditional aspects of money. It is not a store of value because it is all over the map. Nobody uses it as a medium of exchange,” Carney told students of London’s Regent’s University. However, Carney allowed that cryptocurrency’s underlying Blockchain technology  “may still prove useful” due to its decentralised nature: “Cryptocurrency’s underlying technology may still prove useful as a way to verify financial transactions in a decentralised way,” Carney said. The argument that cryptocurrencies are not ideal for use as a medium of exchange is  usually made in regards to Bitcoin in particular. On Jan. 24, 2018  major payment processor Stripe stopped support  for Bitcoin because of high fees and slow confirmation times. Earlier on Dec. 7, 2017 gaming platform Steam stopped accepting Bitcoin payments, citing transaction fees of up to $20 and high volatility. The US Internal Revenue Service (IRS), however, defines virtual currency as a “digital representation of value that functions as a medium of exchange, a unit of account, and/or a store of value” and has been taxing cryptocurrency as property since March 2014. *  *  *...

Read More

History Lessons From Years Under Islamism

Authored by Majid Rafizadeh via The Gatestone Institute, In Iran, my generation, the first after Islamism came to power, is called the Burnt Generation (Persian: Nasl-e Sukhteh). Our generation earned this name for having to endure the brutality of the Islamist and theocratic regime from the time we were born, to adulthood. This brutality included the regime’s merciless efforts, such as mass executions, to establish its power, impose its barbaric and restrictive rules, and brainwash children and indoctrinate the younger generation with its extremist ideology through various methods including elementary schools, universities, state-controlled media outlets, imams and local mosques, and promoting chants such as “Death to America” and “Death to Israel”. Women and men were segregated. Teenagers were prevented from performing daily activities considered harmless by most of the world. Any kind of enjoyable social activities were barred, including listening to music, dancing, drinking, dating, women participating in a chess championship unless you were wearing a hijab or attending a football match or other sporting event if men were playing in it. If it made you smile, if it gave you hope, it was probably against the law, such as what could be worn, whom you were allowed to talk to, what you could listen to, and whether or not you pray or fast during Ramadan. Even the most personal and private issues became the business of the regime’s...

Read More

India To Build Major Overseas Military Base Off Africa To Combat China

India is preparing to construct a significant overseas military base on an island in Seychelles, an archipelago of 115 islands in the Indian Ocean, off East Africa to counter growing Chinese influence in the Indian Ocean. Last month, Seychelles and India signed a twenty-year agreement, permitting the Indian military to build an airbase and naval installations on Assumption Island, a small island in the Outer Islands of Seychelles north of Madagascar, said Seychelles News Agency. “This [agreement] reinforces our commitment to not only further deepen India-Seychelles relations, but to also take our partnership to another level,” Indian Foreign Secretary Subrahmanyam Jaishankar said in a statement. “The [mutual] co-operation is exemplified by the operationalization of the Coastal Surveillance Radar System [CSRS] in March 2016, and our commitment to augment the defense assets and capability of Seychelles,” he added. The agreement enhances India’s military capabilities and maritime surveillance of Seychelles’ Exclusive Economic Zone (EEZ) of 1.37 million square km. Assumption Island will serve as a strategic staging area for the Indian military, as the island chain resides between crucial global shipping lanes. This is key as in 2016 alone, “approximately 40 million barrels of oil per day — equivalent to just under half of the world’s total oil supply — traveled through Indian Ocean entry and exit points, including the Straits of Hormuz, Malacca, and Bab el-Mandeb,” said CNN. The EIA classifies the...

Read More

Never Trump ‘Conservative’ Max Boot Calls Russian Election Influence ‘Worst Attack on America Since 9/11’

http://media.breitbart.com/media/2018/02/max-boot-donald-trump-getty.jpgMax Boot, the Never Trump pundit and unrepentant Iraq War proponent who was recently added to the Washington Post’s roster of “conservative” opinion contributors, slammed President Donald Trump for “ignoring” what he argues is the “worst attack on America since 9/11” in his Monday column. The “attack” to which Boot refers is Russia’s 2016 election meddling as alleged in Special Counsel Robert Mueller’s indictment of 13 Russian nationals last week. Boot suggests President Trump’s reaction to the allegations, and the nearly 15-month media-driven frenzy over Russian “meddling” that preceded them, is equivalent to a president ignoring the September 11, 200, attacks by Islamist terrorists that killed almost 3,000 Americans. “Imagine if, after 9/11, the president had said that the World Trade Center and Pentagon could have been attacked by ‘China’ or ‘lots of other people,’ Boot writes. “Imagine if he had dismissed claims of al-Qaida’s responsibility as a ‘hoax’ and said that he ‘really’ believed Osama bin Laden’s denials.” The Russian scheme, with apparent links to the Russian government, is alleged to have set up social media accounts and organized street-level activism to spread discord in the 2016 election cycle at various times, supporting eventual winner Donald Trump as well as fomenting opposition to him after his victory. Deputy Attorney General Rod Rosenstein emphasized that the indictment makes no allegation the election outcome was affected. Boot acknowledges that Russia’s “attack”...

Read More

Brandon Smith: New Fed Chairman Will Trigger A Historic Stock Market Crash In 2018

Authored by Brandon Smith via Alt-Market.com, Ever since the credit and equities crash of 2008, Americans have been bombarded relentlessly with the narrative that our economy is “in recovery”. For some people, simply hearing this ad nauseam is enough to stave off any concerns they may have for the economy. For some of us, however, it’s just not satisfactory. We need concrete data that actually supports the notion, and for years, we have seen none. In fact, we have heard from officials at the Federal Reserve that the exact opposite is true. They have admitted that the so-called recovery has been fiat driven, and that there is a danger that when the Fed finally stops artificially propping up the economy with constant stimulus and near zero interest rates, the whole farce might come tumbling down. For example, Richard Fisher, former head of the Dallas Federal Reserve, admitted a few years ago that the U.S. central bank has made its business the manipulation of the stock market to the upside: What the Fed did — and I was part of that group — is we front-loaded a tremendous market rally, starting in 2009. It’s sort of what I call the “reverse Whimpy factor” — give me two hamburgers today for one tomorrow. I’m not surprised that almost every index you can look at … was down significantly. Fisher went on...

Read More

Russian “Troll Farm” Indictment Shredded By Journalist Who First Profiled It In 2015

Following Special Counsel Robert Mueller’s indictment of 13 Russian nationals and three entities behind a Russian “troll farm” said to have meddled in the 2016 U.S. election (admittedly, with zero impact), two people familiar with both the ads purchased by Russians on Facebook, and the “troll farm” in question have refuted Mueller’s narrative over the course of four days. Indeed, things don’t seem to be going well for the Russia investigation, which started out with serious claims of Collusion between the Trump campaign and the Kremlin, and has been reduced to CNN diving through the garbage of a Russian troll farm. About that troll farm… Adrian Chen, staff writer for The New Yorker – who first profiled the indicted Russian troll farm in 2015, sat down with MSNBC’s Chris Hayes, where he proceeded to deflate Mueller’s big scary indictment to nothing. “Tried to tamp down the troll farm panic on @chrislhayes show last night,” Adrian Chen tweeted. “It’s 90 people with a shaky grasp of English and a rudimentary understanding of U.S. politics shitposting on Facebook.“ Watch:  OMG, a sober/informed Russia take on MSNBC! @AdrianChen , who profiled indicted Russian troll farm in 2015, tells @chrislhayes that what other MSNBC guests have compared to Pearl Harbor “is essentially a social media marketing campaign” and maybe not worthy of a national freakout pic.twitter.com/UkUaK2XRPe Aaron Mati (@aaronjmate) February 20, 2018 Chen then responded to a tweet saying the IRA...

Read More

Florida Teachers’ Pension Fund Is Long AR-15 Gunmaker Stock

On Tuesday afternoon, Bloomberg  was surprised to learn that as it was going through the 2,416 equity investments of the Florida state pension plan, which amount to over $37 billion in market cap, it found a surprising entry: 41,129 shares in American Outdoor Brands (valued at a meager $528,000, including $306,000 in unrealized profits) according to a Dec. 31 securities filing  listing the plan’s holdings. The company, formerly known as Smith & Wesson, is the market of the semiautomatic AR-15 assault rifle that was used in the Valentine’s Day shooting on the Marjory Stoneman Douglas High School in Parkland, Florida. In other words, as Bloomberg puts it, “as Florida teachers grieve over the mass shooting that left 17 students and colleagues dead last week, some of them may be surprised to learn they’ve been helping fund the firearms industry—including the company that made the gun used that bloody Wednesday.” In addition to American Outdoors, the filing showed that the Florida Retirement System Pension Plan also invested in gun company stock issued by Sturm & Ruger, Vista Outdoor and Olin Corp. All of these companies manufacture firearms or ammunition, including assault rifles. We expect that these holdings will be liquidated promptly in the aftermath of the highly politicized shooting, and that the anticipation of said liquidation is why AOBC tumbled 5% today. Students at the school who escaped have been...

Read More

Fmr. Clinton Press Sec: Trump Has Been ‘More Accessible’ to the Press Than Obama and Clinton

Share Tweet Email [embedded content] BY: Cameron Cawthorne Follow @@Cam_CawthorneFebruary 20, 2018 10:42 pm Former White House press secretary Michael McCurry said on Tuesday night that he believes President Donald Trump has been “more accessible” to the press than former Democratic presidents Barack Obama and Bill Clinton. McCurry, who served under Clinton, and current White House press secretary Sarah Huckabee Sanders participated in a panel discussion hosted by the White House Correspondents’ Association and the White House Transition Project on the relationship between the presidency, press and the public. Martha Kumar, the WHTP director and panel moderator, said that Trump was “speaking regularly” to the press before McCurry cut her off and said that he knew where she was going with her question. “He is more accessible in doing the exchanges and you are the master of the data on all this. He’s probably been more accessible than either Obama or Clinton,” McCurry said. Kumar joked that Clinton was more accessible during his first term before McCurry became the press secretary. She and McCurry then reminisced about Clinton’s presidency and how he did interviews at McDonald’s and on the steps of the Jefferson Memorial. Later in the interview, Huckabee Sanders chimed in and talked about how accessible Trump is to the press, adding that he has been held accountable by the press. “By the definition of the fact that he...

Read More

The Military-Industrial Complex Is Winning The “Guns Vs. Butter” War In America

Authored by Major Danny Sjursen via TimDispatch.com, Think of it as the chicken-or-the-egg question for the ages: Do very real threats to the United States inadvertently benefit the military-industrial complex or does the national security state, by its very nature, conjure up inflated threats to feed that defense machine?  Back in 2008, some of us placed our faith, naively enough, in the hands of mainstream Democrats — specifically, those of a young senator named Barack Obama.  He would reverse the war policies of George W. Bush, deescalate the unbridled Global War on Terror, and right the ship of state. How’d that turn out?  In retrospect, though couched in a far more sophisticated and peaceable rhetoric than Bush’s, his moves would prove largely cosmetic when it came to this country’s forever wars: a significant reduction in the use of conventional ground troops, but more drones, more commandos, and yet more acts of ill-advised regime change.  Don’t get me wrong: as a veteran of two of Washington’s wars, I was glad when “no-drama” Obama decreased the number of boots on the ground in the Middle East.  It’s now obvious, however, that he left the basic infrastructure of eternal war firmly in place.  Enter The Donald. For all his half-baked tweets, insults, and boasts, as well as his refusal to read anything of substance on issues of war and peace, some of...

Read More

Peter Schweizer: Robert Mueller’s FBI ‘Completely Ignored’ Russian Corruption in 2010 Uranium One Deal

http://media.breitbart.com/media/2018/02/wi/afp/18/2ndnbp_special-counsel-robert-mueller-is-overseeing-probe-russian-meddling-in-e1519046009501.jpgThe FBI apparently ignored evidence of Russian involvement in the uranium market “when they approved the deal back in 2010,” said Peter Schweizer of the Committee on Foreign Investment in the United States’s (CFI) 2010 approval of the Russian government’s purchasing of a majority stake in Uranium One. Schweizer, president of the Government Accountability Institute, offered his remarks in a Monday interview on SiriusXM’s Breitbart News Tonight with co-hosts Rebecca Mansour and Joel Pollak. Robert Mueller — director of the FBI between 2001 and 2013 — must have known of corrupt dealings related to the Uranium One deal in 2010, said Schweizer. “It’s been long known by the FBI that the Russian involvement in the uranium market was highly suspect, that their efforts were nefarious, and that there was a lot of corruption involved with these programs,” said Mueller: There was a megatons program that was designed to, in a sense, help the Russian nuclear industry transition from sort of military-based work to civilian work — a lot of detailed corruption that the FBI tracked in the 1990s and 2000s, so going up to the 2010 approval for Uranium One, it’s really impossible for senior FBI officials, including the director at the time — Mueller — to argue that they are just completely shocked that Uranium One and these kickbacks were taking place. It was widely known. Schweizer spoke of...

Read More