Showing posts with label money. Show all posts
Showing posts with label money. Show all posts

Joseph T. Salerno: Why Government Hates Cash

Overlords favor supervised spending.    In April it was announced that Greece was imposing a surcharge for all cash withdrawals from bank accounts to deter citizens from clearing out their accounts. So now the Greeks will have to pay one euro per 1,000 euros that they withdraw, which is one-tenth of a percent. It doesn’t seem very big, but the ... MORE

Peter Schiff: Currencies Depend On Faith, Gold Doesn’t

Considering the intrinsic value of paper.    In his July 17th Blog, Let’s Get Real About Gold, author and Wall Street Journal columnist Jason Zweig likened investor interest in gold with the “Pet Rock” craze of the 1970’s, when consumers became convinced that a rock in a box would provide continuous companionship, elevate their social standing,  ... MORE

Snoop Dogg Learns One Reason Bitcoin Is Better Than Cash

by Nuno Menezes. Combating civil asset forfeiture. Calvin Broadus AKA Snoop Dogg recently had another encounter with European authorities. This Saturday, Snoop Dogg was taken by surprise by the financial police in southern Italy while carrying $422,000 in cash, an amount which needs to be declared to be legally transported across European Union   ... MORE

Walter E Williams: Historical Ignorance II - The Real Lincoln

We call the war of 1861 the Civil War. But is that right?   A civil war is a struggle between two or more entities trying to take over the central government. Confederate President Jefferson Davis no more sought to take over Washington, D.C., than George Washington sought to take over London in 1776. Both wars, those of 1776 and 1861,      ... MORE

How Bitcoin Can Save You During A Financial Crisis

by Robert Taylor.     A little rebellion. What would you do if the US government suddenly announced a bank holiday, limits or bans on ATM withdrawals or other types of cash and capital controls? Or implemented a “bail-in” where part of your bank deposits were used to further pyramid debt and save an oligarchical financial system? Is there any doubt  ... MORE

John Stossel: Mankiller Money?

PC money.     A woman will be on the new $10 bill, bumping Alexander Hamilton aside. Treasury Secretary Jack Lew says he will choose the woman by year's end, based on "input from the public." In one survey of the "public," the first female chief of the Cherokee Nation, Wilma Mankiller, placed fourth. I understand the wish to counter    ... MORE

The Perfect Woman For The $10 Bill: Ayn Rand

She understood the root of money is you.   Perhaps my favorite character in all of literature is Ayn Rand’s Francisco Domingo Carlos Andres Sebastián d’Anconia from her novel Atlas Shrugged. The descendant of long line of industrialists and sole heir to his family’s fortune, Francisco flouts the idea that money destroys by working to be worthy of his     ... MORE

Keith Weiner: They’re Coming To Take Away Your Cash

Do banks serve you or politicians?   The stories are all over the Internet. Governments are forcing us into a cashless society. Supposedly the pretext is terrorism, and the real reason is to take more control. No doubt more power appeals to politicians, and banning cash seems like the next step after mandatory reporting of cash transactions.        ... MORE

When It’s A Crime To Withdraw Money From Your Bank

by Josh Barro.    Dennis Hastert has not been indicted on a charge of sexual abuse, nor has he been indicted on a charge of paying money he was not legally allowed to pay. The indictment of Mr. Hastert, a former House speaker, released last week, lays out two counts: taking money out of the bank the wrong way, and then lying to the F.B.I. about     ... MORE

Rick Ungar: The Prospect Of A Cashless Society Contemplating Ultimate Surrender To Government Control

Government's end game.      Denmark, known to be the “happiest” nation on the planet, has a long and storied history of providing its citizens with a strong social safety net—a system designed, in the words of the nation’s official website, to provide its people with “the necessary material framework for living a reasonable life.” Yet, a      ... MORE

Manny Pacquiao Perpetrates Fraud, Commits Perjury In Order To Cash In On Huge Payday, Risks Disciplinary Action

We expect politicians to lie, but boxers?   Manny Pacquiao faces a potential lawsuit after failing to disclose a shoulder injury before his defeat by Floyd Mayweather. Pacquiao will spend up to a year on the sidelines as he prepares to undergo surgery on his torn rotator cuff, an injury he suffered in training. But the Filipino star could also be    ... MORE

Income Tax Makes States Radioactive To Sports Stars

by Travis H. Brown.     Add Ndamukong Suh to the ever-growing list of professional athletes who are bidding farewell to their high-tax home state in favor of sunnier economic climates. Suh – considered one of the top-two players in free agency this season – is leaving Detroit for Miami. By doing so, the defensive tackle will give himself a significant tax    ... MORE

Mark Cuban Says Tech Bubble Is ‘Far Worse’ Than In 2000

Launching "into the giddy phase.  "What a week for Mark Cuban. Fresh off being tapped for the role of the president alongside Ann Coulter in the upcoming blockbuster “Sharknado 3,” the brash billionaire’s bearish forecast has landed him a spot in MarketWatch’s call of the day. “If we thought it was stupid to invest in public Internet websites that   ... MORE

Rob Manfred Says MLB Could Support Legalized Gambling

by David Brown.     New commissioner Rob Manfred says he would be open to Major League Baseball considering a new approach to legalized gambling. Echoing statements that NBA commissioner Adam Silver made recently, Manfred told ESPN's Outside the Lines on Thursday that, "It's important for baseball to give fresh consideration to the    ... MORE