Washington can’t stop lying. Don’t be convinced by last Thursday’s job report that it is your fault if you don’t have a job. Those 288,000 jobs and 6.1% unemployment rate are more fiction than reality.

In his analysis of the June Labor Data from the Bureau of Labor Statistics, John Williams (www.ShadowStats.com) wrote that the 288,000 June jobs and 6.1% unemployment rate are “far removed from common experience and underlying reality.” Payrolls were overstated by “massive, hidden shifts in seasonal adjustments,” and the Birth-Death model added the usual phantom jobs.

Williams reports that “the seasonal factors are changed each and every month as part of the concurrent seasonal-adjustment process, which is tantamount to a fraud,” as the changes in the seasonal factors can inflate the jobs number.

The monthly unemployment rates are not comparable, so one doesn’t know whether the official U.3 rate (the headline rate that the financial press reports) went up or down. Moreover, the rate does not count discouraged workers who, unable to find a job, cease looking. To be counted among the U.3 unemployed, the person must have actively looked for work during the four weeks prior to the survey. The U.3 rate automatically declines as people who have been unable to find jobs cease trying to find one and thereby cease to be counted as unemployed.

There is a second official measure of unemployment that includes people who have been discouraged for less than one year. That rate, known as U.6, is seldom reported and is double the 6.1% rate.

Since 1994 there has been no official measure than includes discouraged people who have not looked for a job for more than a year. Including all discouraged workers produces an unemployment rate that currently stands at 23.1%, almost four times the rate that the financial press reports.

I do a bit of coinbase, quickpay.

They also closed my Uncle's account last year. He's in the oil industry.

Hey, does anyone know the answer to this?

When you buy something with a credit card, you provide all the information to defraud you. That doesn't make a lot of sense. If I hand you $10 cash, unless you're going to whack me over the head, you can't get me to give you any more. With a credit card, I authorize you to charge $10 and you could charge $50 and, in the immediate term, there's no way for me to stop it. Every few weeks we find out millions of credit cards have been compromised. What we have is not really fine.

Enter bitcoin. On the security side, in a bitcoin transaction, you are never providing any other party with information that could be used to defraud you. When you send bitcoin to somebody, even if they're not trustworthy, they cannot use the information you provided to extract more money than you want to give.

Second, efficiency. In a bitcoin-like system, money can move essentially instantaneously, and the fees can be much smaller than with traditional transactions.

What is so hard for most people to grasp about it?

The hardest thing — not unreasonably — is that bitcoin is completely decentralized currency. There's nobody in charge, no company, no government, no consortium — collectively everybody acts to run it. Most of us grew up in a world where government has oversight over currency like the dollar.

you are the winner 

do you have a BTC address mr?

So there was already the ability to transfer money for various other reasons, which made it easier to add this as a new application.
You aren't actually buying Bitcoins from the ATMs, and they don't need to know anything about Bitcoin, you are buying a voucher that you can then use on a website to buy Bitcoins.

Well... I did read something saying that Bitcoin wallets may soon replace Swiss bank accounts for anonymous stores of immense welath... (Dang, I can't remember where I read it)

Rand Paul Leads the GOP Pack for 2016 -- And Not By a Little

by John Zogby
7/09/2014 @ 2:15PM

A new Zogby Analytics poll of likely Republican primary voters in 2016 shows Rand Paul starting to build a lead over better known – and more establishment – GOP figures. The poll of 282 likely and eligible voters in GOP presidential primaries was conducted June 27-29 and has a margin-of-sampling error of +/-6 percentage points.

In the poll, the junior Senator from Kentucky polls 20%, followed by “Establishment” candidates New Jersey Governor Chris Christie and former Florida Governor Jeb Bush with 13% each. In fourth place is Wisconsin Governor Scott Walker with 8%, then Florida Senator Marco Rubio 7%, Louisiana Governor Bobby Jindahl 4%, and New Mexico Governor Suzanna Martinez, Ohio Governor John Kasich, and South Carolina Governor Nikki Haley all with 1% each.

This is the first time a GOP candidate has reached 20% in a crowded field and the first time a Zogby poll has shown someone emerging a bit from the pack. Obviously it is too early to predict outcomes or draw lasting conclusion but here are some points to consider:

i'm not sure we live in the same world.. take a look here http://www.nationalreview.com/article/347151/rand-paul-and-israel.


rand is pretty warm with israel, and he's also talked about his dedication to religion - christians love their israelis. rand strikes me as someone who says something different, but does the same shit. i think you guys might be evangelized libertarians. it seems like you guys are ignoring the bad shit he does, and justifying it by saying "he's doing evil in order to do good."

Word just leaked, GB5 is up and running!

Great. Although all these good news dont seem to move the market..