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221  Economy / Economics / Re: Economic Devastation on: November 30, 2015, 09:13:52 AM
Last Chance to anyone who has undeclared property in or outside Greece: If they voluntarily reveal them, then they will be able to salvage them.

Taxpayers will have one last chance to register undeclared incomes from mid December, according to Deputy Finance Minister, Tryphon Alexiadis. So whoever has undeclared property in or outside Greece and disclose voluntarily, they will be able to salvage. Otherwise, they risk faced by a confiscation of assets which were acquired with income not taxed.

Story Link.
222  Economy / Economics / Re: Economic Devastation on: November 29, 2015, 04:45:10 PM
Country was Finland and year 1992-1993

There was a documentary I happened to (partially) watch last night about people committing suicide after a long stressful period in their life; most of them left behind their beloved people (wives, children) because they were unable to fulfill their obligations against them. The main reason is that nobody (or, to be precise, very few) saw this coming.

Unfortunately human brain (especially the male one) has this obligatory feeling embedded that "he is the one that must provide for the rest". Every family has the ability to overcome a year or two of austerity and/or no employment; but SEVEN? Most of our educated brains have fled the country seeking for a better future and a decent (ie: viable) salary.

Germany, NL, France, Australia, USA, Sweden got the best of our doctors, engineers, scientists because they were unable to provide their families with the money for a decent life here in Greece. Those of us who were left behind were people that never got a loan, or they were forced to stay because of family reasons (I speak for myself).

So, all in all, desperation -in any form- is the primary factor for the "final exit". The people who orchestrated this knew what was at stake and didn't care a bit. They're no better than common criminals.
223  Economy / Economics / Re: Economic Devastation on: November 29, 2015, 02:22:25 PM
Which country was this.


None you would care about. Nothing to see here, go away. Roll Eyes

http://www.pbs.org/newshour/bb/greek-crisis-matter-life-death/
http://www.keeptalkinggreece.com/2015/06/25/study-austerity-in-greece-led-to-tragic-increase-of-35-in-suicides-in-just-two-years/
https://translate.googleusercontent.com/translate_c?depth=1&hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=el&tl=en&u=http://news247.gr/eidiseis/koinonia/h-oikonomikh-krish-efere-kai-aytoktonies-sthn-ellada.3766975.html&usg=ALkJrhgzHQKSalTH8-37HromcsXpXj1o-Q
224  Economy / Economics / Re: Economic Devastation on: November 29, 2015, 12:51:33 PM
I'm skeptical of cash being removed everywhere that fast. Won't people head to dollars or other stable currencies? I mean I can't imagine people standing for negative interest rates, they'd put there money in tinned/dry food anything else that can't be stolen. I think this was mentioned up thread.
In that way wouldn't it artificially stimulate demand to a crack up boom?

It's a rough estimation but not at all impossible if you ask me. Ever since the beginning of November the newspapers here in Greece have been at it as well:

"Every new company is Mandatory to work with a POS card acceptance system from 01.01.2016"

Ministry of Finance brings measures to expand electronic trading. It was officially announced from the House the Deputy Finance Minister, mr Alexiadis.  


Extension of electronic transactions with compulsory implementation of the terminal card acceptance systems (POS) since the beginning of 2016 for all businesses that make entry announced by Deputy Minister of Finance, Trifon Alexiadis in the House and announced the promotion of measures to facilitate business difficulty procure these systems.
"Our position is the full expansion of electronic transactions. We will not hesitate to clash with any interests about it, "he said. Alexiadis response to a question by Mr ND, Christos Boukorou and announced that from January 1 will become mandatory to use card acceptance terminals.

Story Link

PS1: BTC time for Greece?
PS2:
https://twitter.com/rogerkver/status/670679725652578304
225  Economy / Economics / Re: Economic Devastation on: November 29, 2015, 10:09:56 AM
If they pass it does that kick in after december? or 2016?

I believe that they will have to wait until the (brand new) recapitalization of the 4 "systemic" banks (aka: the ones which the public owns a big percentage). After that there's nothing much left. I don't know if they will manage to do it before or after the EU upcoming split though. Everything points to that direction that the "economic scientists" have brought us. I expect this to happen roughly after January / February...

(Well, I rule out the WWIII scenario).
226  Economy / Economics / Re: Economic Totalitarianism on: November 28, 2015, 07:31:45 PM
"NSA to shut down bulk phone surveillance program by Sunday"
http://mobile.reuters.com/article/idUSKBN0TG27120151127

FWIW

Obsolete... they now got fb Wink Grin
227  Economy / Economics / Re: Economic Devastation on: November 28, 2015, 07:03:37 PM
Remove cash, negative interest rates and other economic crimes
Saturday, November 28, 2015, 00:04

It may sound like a conspiracy theory, but, judging by the growing desperation of governments to control and "push" of the global economy, you see that not far from reality.

I refer to the idea of ​​abolition of cash (dollars, euros, pounds, etc.) in their natural form. And a basic excuse of those who support this extreme measure is to enhance the ability of central banks to impose negative interest rates.

Negative interest rates mean that lenders are literally paying businesses and consumers to borrow money! Also, they punish savers saving for future consumption, investment, or just pension or health security. The Danes and the Swiss have already fallen into negative territory, with interest rates at -0.75%.

This means that 100,000 to an account in Switzerland will be worth 99 250 after one year. Currently these rates apply only to "high reserves" that banks hold with the central bank, but nothing prevents banks to soon require all depositors share the burden.

But these "trivial" rates are not enough, according to some economists. A chief economist at Citicorp, the technocrat Willem Buiter [1], for example, believes that the US needs much lower interest rates to "boost" the economy away from recession. Proposes negative interest rates around 6% "to get the job done." But for this to happen, there is one condition: To operate this project, says Mr. Buiter, the government should abolish the cash.

It's easy to see why Mr. Buiter and proportionate bureaucrats consider "annoying" cash. If your bank grabs 6% of your savings of 100 € in your account would be worth 94 € at the end of the year, 88.36 € after two years, and 83.06 € after three years. Instead, a bank note of 100 € in circulation would still be worth ... 100 €.

Story Link

228  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto Kingdom - 1991 Retro Virtual World(City) on: November 26, 2015, 01:38:21 PM
The health of the Magus is declining as everybody else's; but thanks to the help of the Elixir of Life and Happiness he's now able to continue his work. The Magus bows in front of his Majesty's glory, for without his Highness help the "Elixir of Life and Happiness" wouldn't have been able to exist. As his majesty mentioned it's not perfect but it has been proven that it works! I advise every participant to try and enjoy its properties, as it will make them stronger and happier on their everyday lives. More experimentation with materials and spirits will help to give birth to an elixir of Eternal Life (aka: the New Elixir), but I suspect it won't come for cheap.

The New Elixir requires exotic materials that must be brought from abroad for a price that the Magus has not the ability to purchase right now.

The Magus wishes to every citizen health and prosperity. We will communicate again soon.
229  Economy / Economics / Re: Economic Devastation on: November 25, 2015, 10:01:29 PM
Nobody has yet submitted to my prize offer: $1,000 for designing an overall worse monetary system than the one in use by IMF/BIS. If somebody wants to try his imagination, the criteria for "worse" include:
- quicker and more secret consolidation of power of all the people's life and resources to an even smaller group of controllers
- more levers to do immense damage, wholesale or targeted, to countries and individuals
- morally more degrading, leading the development of the planet to a worse direction
- causes more deaths from its operation, directly and indirectly
- achieves the enslavement of all participants who also pay the cost of it.

I'd like to try (even though I won't accept your $1000 if you decide I win). The aforementioned mechanism would've been a monetary system based on the idea of inflationary quotes like the one issued after the 1929 crash in Austria during the Great Depression. The famous "Miracle of Wörgl", but with a twist. To remind to the reader a bit of history, the bill was issued by Michael Unterguggenberger and its success was based on the currency demurrage and the impact it had on the economy of Wörgl, a small town in Austria. For every bill to retain its value it had to be stamped every 1 month.

Now let's try this on steroids. Imagine a currency with the same properties but issued by the FED (or any other "FED") and its allies (aka: Banksters). Imagine it electronic and every month every single "coin" to lose some of its value if the people don't pay their tax. I believe we have a potential winner, for a far worse system like the one we have now, based on an (initially) pretty good idea. BUT, why this is happening? It's the same with government...

In ancient Greece, the idea of DemoCracy [Δήμος (Demos, the people) control Κράτος (Cratos, the Country)] had the ability to test itself through the agora; where almost every day the politicians were put to test and criticism by the civilians. The centralization of governance, money, etc is what makes things go ugly; and there's a reason for that. *MOST* people tend to behave badly when "others aren't looking", or they won't have to explain their actions to anybody. The flaw is embedded into our system.

Decentralization of everything leads to a better world.

Sources:
1. http://www.lietaer.com/2010/03/the-worgl-experiment/
2. https://mises.org/library/free-money-miracle
3. http://www.scientificamerican.com/article/how-the-illusion-of-being-observed-can-make-you-better-person/
230  Economy / Economics / Re: Economic Totalitarianism on: November 25, 2015, 07:37:00 PM
TPTB_need_war,

if Putin is really on the side of the TPTB and they are conspiring to get us into WW3 and ultimately the NWO, why is the Russian establishment exposing the deeds of the "West"?

1. For instance, today Lavrov said that Turkey shooting down the plane was a a deliberate provocation.

He's basically telling everyone how "war" and "setting up fires" works.

2. A week or so ago Putin said that G20 is financing ISIS.

Again, same thing.

3. Russia's involvment in Syria is basically exposing the cards for everyone to see.

And there have been other instances where basically Putin and Russia is laying how dirty the whole thing is, who is behind it and what their intentions are.

Are they trying to appear good but ultimately it doesn't matter because it will end up in WW3 anyways? Why aren't they escalating this? Seems to me they are doing some things on the side of "justice".

Instead of building up 2 huge opposing forces or 2 cocks you need in every good fight, it seems that he's killing one cock before it even starts. Because the crowd (cheerleaders) that would ultimately get involved is also realizing in droves where the "right side" is.

He is informing Europe and Americans what is going on and instead of spotlighting the whole nation as bad he is exposing the colours of the establishment.




I tend to agree; one correction though. He pointed out that SOME of the G20 is funding ISIS. That would've been the "known suspects" as always and one day a leaked document will reveal everything. I talked to a friend in Turkey today, he said to me that this was clearly orchestrated by the US & NATO remote controlling Turkey; that's why Erdogan ran to his "allies" when he shot the plane down...

FWIW: We have this kind of flyovers from Turkey EVERY DAY all over Aegean sea. If Greece was acting the same way Turkey did, they would have no planes left...
231  Economy / Economics / Re: Martin Armstrong Discussion on: November 24, 2015, 04:06:41 PM
We seem to have bigger problems now:

1. http://www.bbc.com/news/live/world-middle-east-34908469
2. https://www.facebook.com/United.Syrian.Republic/videos/1730624370505056/?fref=nf

WWIII?
232  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 24, 2015, 08:39:21 AM
China breaks up $64 billion underground banking: state media

Chinese authorities have uncovered the country's biggest underground banking case involving transactions totalling more than 410 billion yuan ($64 billion), official media reported, part of a drive to combat illegal capital outflows.

The investigation, which started in September and focused on the costal province of Zhejiang, found that dozens of Hong Kong-registered shell companies forged more than 1.3 million fake transactions to transfer money offshore, the official People's Daily reported on Friday.

China started cracking down on underground banks in April and has so far uncovered more than 170 cases of money laundering and illegal fund transfers, involving more than 800 billion yuan ($125.34 billion). The cases come as capital outflows reach hundreds of billions of dollars, triggering alarm in some circles.

A hundred suspects from eight gangs were detained in the latest case, the official Xinhua News Agency said.



http://www.reuters.com/article/2015/11/20/us-china-crackdown-capital-idUSKCN0T906C20151120#7b3rLrqx7s8iE1xh.97


Am I the only one that sees a new BTC pump soon? Roll Eyes
233  Alternate cryptocurrencies / Altcoin Discussion / Re: Litecoin is officially dead on: November 24, 2015, 07:48:48 AM
2000 Bitcoin worth of LTC sell order at BTC-e
And that's just BTC-e!

Big players are getting out, DUMPING LITECOIN HARD!

GET OUT NOW!

MILLIONS OF LTC BEING SOLD, NO ONE BUYING!



I`m not sure if this is fud or not but there is a guy selling 112,000 LTC on BTC-e  = 1000 BTC

https://btc-e.com/exchange/ltc_btc

A really big dump indeed, good that I havent bought yet.

Is it coincidental that within hours ALL of them have been *slowly* bought @0.097 and the price still remains the same?
Someone's is certainly spreading fud and wants some cheap coins... I'd buy if I were you. Wink
234  Economy / Economics / Re: Economic Devastation on: November 22, 2015, 05:53:07 PM
Debt is destroyed when real work is translated into payment of that debt, the problem is that debt is being created faster than real work is being done, it only will work if work atleast equals creation of debt, as anything else is not sustainable.

I wish it were so, but no! The amount of work done does not do anything to extinguish debt!

Fun facts:
1. Debt kills more people each year than ISIS, cancer, and the so-called ''natural causes" combined.
2. Fiat money is debt. Debt (fiat "money") is printed out of thin air.


(2):




PS: Soon...
235  Economy / Economics / Re: Economic Totalitarianism on: November 21, 2015, 11:46:24 AM
Hmm... I just found out about this man here. He's a former US Marine.

https://www.youtube.com/watch?v=ltV-zdKdpDA
236  Economy / Economics / Re: Martin Armstrong Discussion on: November 19, 2015, 02:09:45 PM
Macsga, regarding our up thread theoretical discussions, Armstrong adds some information:

I've been monitoring this progress all the way since they first announced it (and a bit before to be honest through academic sources). Pi is a Transcendental Number like the Chaitin's Constant (or Ω constant), Hermite (e), Komornik-Loreti Constant to name a few. Chaos, though has been mathematically tightened to the Lorenz Attractor, which in essence represents a trajectory of ellipses (or circles).



Circles (and ellipses) incorporate pi.


Funnily enough, chaos is also a fundamental aspect of QM since under the innocuous h (Planck's constant) radius, uncertainty (aka: chaos) prevails over certainty (order) for measurements. If you take into account that in the very beginning (aka: Bing Bang) all started within a {space} < h then you can realize why pi is closely tightened to it.

So, even if you logically test it, and leave mathematics aside, chaos indeed incorporates pi.
237  Economy / Economics / Re: Economic Devastation on: November 19, 2015, 01:42:59 PM
European Union countries plan a crackdown on virtual currencies and anonymous payments made online and via pre-paid cards in a bid to tackle terrorism financing after the Paris attacks, a draft document seen by Reuters said.

EU interior and justice ministers will gather in Brussels on Friday for a crisis meeting called after the Paris carnage of last weekend.

They will urge the European Commission, the EU executive arm, to propose measures to "strengthen controls of non-banking payment methods such as electronic/anonymous payments and virtual currencies and transfers of gold, precious metals, by pre-paid cards," draft conclusions of the meeting said.

Bitcoin is the most common virtual currency and is used as a vehicle for moving money around the world quickly and anonymously via the web without the need for third-party verification.

Electronic anonymous payments can be made also with pre-paid debit cards purchased in stores as gift cards.

EU ministers also plan "to curb more effectively the illicit trade in cultural goods," the draft document said.

(Reporting by Francesco Guarascio)

http://www.reuters.com/article/2015/11/19/us-france-shoooting-eu-terrorism-funding-idUSKCN0T81BW20151119
238  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 16, 2015, 10:16:09 PM



According to my sources, this is a critical point for uptrend (or downtrend) for that matter. I tend to believe it's the former, but I'm a permaholder as well... Cheesy
239  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 16, 2015, 07:30:32 AM
Ive never used Criptsy so dont know, but i remember having a confusing time logging into Bittrex about this time last year.  Huh

Enjoyed the style of writing. The fall-out, if true, is not going to be so entertaining.  Undecided


Understand that when you're sending your coins to an exchange, you're subjected to their convenience, as to when you will get those coins back. This doesn't have to do with the dignity of the people who work there, more than the ability of -even one- person to steal a fraction (or whole) of these coins. FWIW: I'd fully entrust my coins on an exchange that has EVERY transaction on the ledger. All the others are potentially harmful (and, yes, I do trade at the moment knowing all this). So, you either accept the risk or not. Same rules apply for everyone and every exchange out there.
240  Economy / Speculation / Re: rpietila Wall Observer - the Quality TA Thread ;) on: November 15, 2015, 09:42:14 AM

Another "noble" try to demonize Bitcoin. They'd never use a BTC address after SR. They'd prefer good ol' cash. The site says total BS.
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