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1  Other / Politics & Society / Re: Putin sells GAS to china on: May 22, 2014, 10:51:24 AM

If the figure is correct, where did all the usd end up?


When a country has reserves in a currency it no longer needs it sells them on the open market.
It ends up back in the country it is issued in the form of inflation.


2  Other / Politics & Society / Re: Putin sells GAS to china on: May 22, 2014, 04:58:25 AM
The gas deal is also a currency deal cutting the U.S. dollar out of the oil business.
Russia will be making similar deals at the BRICS gathering.
IMF reports that world reserves in 2000 were 55% USD.
in 2013 that number was down to 30%.

This isn't about gas.
This is about ending the $ as world reserve currency.

I expect half of europe, half of the middle east, half of south america and nearly all of asia are probably going to be just the first to make these currency and energy deals.

Oh then Russia turns around and buys 900,000 ounces of gold with US treasuries.
http://www.zerohedge.com/news/2014-05-21/russia-dumps-record-amount-us-treasurys-here-what-it-buying

Anyone else putting this together?
3  Economy / Service Announcements / Bitcoin Media Company on: May 20, 2014, 03:48:07 AM
This will be my first post on bitcointalk but I have been a member sense the April bubble in 2013. I am a minor shareholder of both CRYPTX mines and have enjoyed my time learning everything I can about bitcoin. Now I am looking to become more engaged with the community and hopefully build some worthwhile projects.

I would like to start a bitcoin media company with the goal of entertaining and educating the bitcoin community in a fun and comical manor. Content will be created by the bitcoin community and decided upon by our shareholders. Our goal is to be a high quality media outlet and help shape the public debate around bitcoin. I would like to start with a monthly bitcoin entertainment magazine for satire, comics and human interest stories. Each months submissions will be selected by the shareholders. The chosen submissions will be compensated based off a reward structure from the votes received by shareholders as well as direct donations from readers.

For example:
Shareholder dividends: 50%
Front page/center 12.5%
2nd to 4th top stories 5%
ext.

The timeline on this project could see the first publication within a month of the IPO.
Week 1- IPO, preorders, marketing, website launch
Week 3- Shareholders vote
Week 4- Print first editions

Please let me know if you think this is good or bad but please include why.
If this idea has been purposed already I apologize for missing it and please direct me to it.
If this idea is in fact somewhat original and you are interested in helping with this project you can PM me or email me at bitswanitz@gmail.com
Thank-you for reading!
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