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Why Federal Reserve System Is only Massive Wealth Redistribution Scheme - This is Plymouth

Why Federal Reserve System Is only Massive Wealth Redistribution Scheme - This is Plymouth | money money money | Scoop.it

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The Federal Reserve was created in 1913 to serve as the central banking system in the US after the enactment of the Federal Reserve Act. This system was adopted as a response to economic issues in the early twentieth century and it has since been performing major roles in the United States such as managing employment levels and keeping inflation under control.



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The Origin of Money and Its Value

The Origin of Money and Its Value | money money money | Scoop.it
The importance of the Austrian school of economics is nowhere better demonstrated than in the area of monetary theory. It is in this realm that the simplifying assumptions of mainstream economic theory wreak the most havoc.
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Confirmed: Hyperdeflation Is A Problem For Bitcoin

Confirmed: Hyperdeflation Is A Problem For Bitcoin | money money money | Scoop.it
We previously speculated there was a major danger in surging Bitcoin prices: it would eventually harm the Bitcoin economy. That's because, when a currency goes up, people hoard said currency, and that creates deflation.
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First Bitcoin, Now Gold: All Alternative Currencies Must Be Crushed

First Bitcoin, Now Gold: All Alternative Currencies Must Be Crushed | money money money | Scoop.it
Gold prices just entered a bear market. Down 21% from their mid-2011 highs. Today's drop is the largest since 2/29/12 - LTRO2 and takes the price of the.
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Bitcoin Valuation High, Just Not for Faint of Heart - CNBC.com

Bitcoin Valuation High, Just Not for Faint of Heart - CNBC.com | money money money | Scoop.it

Not too long ago,bitcoin was almost exclusively the legal tender of hackers. Today, thanks in part to the Cyprus bailoutsaga, it's known to investors everywhere.

 
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Study on Wealth Fuels Euro Crisis Debate in Germany - New York Times

Study on Wealth Fuels Euro Crisis Debate in Germany - New York Times | money money money | Scoop.it

FRANKFURT — The European Central Bank normally does its best to hold the euro together, but a study it recently issued has created a furor that could do the opposite: drive a wedge in European unity.

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Explaining Bitcoin Without Buzzwords - Bloomberg

Explaining Bitcoin Without Buzzwords - Bloomberg | money money money | Scoop.it

Techies are trumpeting a so-called virtual currency called Bitcoin that they say could revolutionize global trade. Financial wonks are shouting from various corners of Wall Street about the regulatory pitfalls and the volatility, highlighted by a tumble in valuation that brought Bitcoin to the world’s attention.

 
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Argentines Turn to Bitcoin To Escape Inflation, Currency Controls - Reason 24/7 : Reason.com

Argentines Turn to Bitcoin To Escape Inflation, Currency Controls - Reason 24/7 : Reason.com | money money money | Scoop.it

Banned from buying dollars and confronted by the fastest inflation in the Western Hemisphere, some Argentine savers are seeking refuge in bitcoin as a store of value even after the virtual currency’s collapse.

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Six reasons why Chinese people will drive the next bull market in bitcoin

Six reasons why Chinese people will drive the next bull market in bitcoin | money money money | Scoop.it
Whatever the case against bitcoin as an alternative currency, there's one country where people probably won't need much persuading to join the craze. Here's why China could drive a further bit-boom: 1.
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Ken Banks: Bitcoin is just the poster currency for a growing movement of alternative tender | Means of Exchang

Ken Banks: Bitcoin is just the poster currency for a growing movement of alternative tender | Means of Exchang | money money money | Scoop.it
This formal-informal connection is being accelerated by simple uses of technology says Ken Banks, founder of a global initiative to promote economic self-sufficiency Means of Exchange.
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The Forgotten Half of Cyprus

The Forgotten Half of Cyprus | money money money | Scoop.it
During the past few weeks of financial turmoil, the small Mediterranean island of Cyprus has been in the spotlight of the international media. But what few repo (How is the Euro-crisis affecting the north side of Cyprus?
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EU ‘making progress’ in response to crisis

EU ‘making progress’ in response to crisis | money money money | Scoop.it

A two-year slump, 19 million unemployed and five countries on emergency aid are no reason to take bold, immediate action to spur economic growth, according to European officials set to defend their handling of the debt crisis in Washington this week.

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South Africa on hitlist of five for first Bitcoin ATMs in Africa

South Africa on hitlist of five for first Bitcoin ATMs in Africa | money money money | Scoop.it
South Africa, Ghana, Angola, Egypt and Libya could be the first African countries to install Bitcoin ATMs in a move which has the potential to revolutionise currency trading on the continent.
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Don't get bitten by Bitcoins

Don't get bitten by Bitcoins | money money money | Scoop.it
James Angel says even if the digital currency system is not one big scam, like any technology it can be hacked. (Second to last paragraph is priceless.
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Bitcoin and the No-Arbitrage Condition

One of my favorite aspects of the Bitcoin phenomenon is that it has people talking about monetary economics and finance. Just as recessions tend to produce advances in academic macroeconomics, Bitcoin is forcing a wide cast of characters, from libertarian nerds to economic journalists, to think more deeply than they otherwise would about money and monetary institutions.

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Does The Crash In Precious Metals Signal The Beginning of Another Financial Crisis? - Forbes

Does The Crash In Precious Metals Signal The Beginning of Another Financial Crisis? - Forbes | money money money | Scoop.it

For precious metals investors, the last five days have been like 2008-9 all over again, as the end to the sell-off doesn’t seem to be anywhere in the offing.

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How much does it cost to mine Bitcoins?

How much does it cost to mine Bitcoins? | money money money | Scoop.it
Bitcoin mining looks, on first blush, to be money for nothing. It’s not. It's a false promise. (How much does Bitcoin mining cost?
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SKorean government plans $15 billion extra budget to boost slowing economy

SKorean government plans $15 billion extra budget to boost slowing economy | money money money | Scoop.it
The South Korean government proposed a $15.3 billion stimulus Tuesday to boost slowing growth in Asia's fourth-largest economy.
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Mining bitcoins takes power, but it isn't an 'environmental disaster ...

Mining bitcoins takes power, but it isn't an 'environmental disaster ... | money money money | Scoop.it
Claims about the environmental impact of mining bitcoins take a beating, but Adam Smith would still be appalled.
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Paul Krugman Tears Apart The 2 Most Common Bitcoin Misconceptions - Huffington Post

Paul Krugman Tears Apart The 2 Most Common Bitcoin Misconceptions - Huffington Post | money money money | Scoop.it
Paul Krugman Tears Apart The 2 Most Common Bitcoin Misconceptions
Huffington Post
Bitcoin's wild ride may not have been the biggest business story of the past few weeks, but it was surely the most entertaining.
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Bitcoin And The Future Of Money - Forbes

Bitcoin And The Future Of Money - Forbes | money money money | Scoop.it
Bitcoin And The Future Of Money
Forbes
As Bitcoin tops the charts as the hot new tech phenomenon, there has been chatter of whether or not it will succeed as a mainstream currency, missing a more important point.
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What The Bitcoin Boom Could Mean For Online Commerce - NPR

What The Bitcoin Boom Could Mean For Online Commerce - NPR | money money money | Scoop.it


April 15, 2013. Bitcoins are a digital currency, attractive to those who prefer not to leave a paper trail when they buy and sell things online.

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French public may snub internet currency Bitcoin, business won't - FRANCE 24

French public may snub internet currency Bitcoin, business won't - FRANCE 24 | money money money | Scoop.it
FRANCE 24 French public may snub internet currency Bitcoin, business won't FRANCE 24 France's strong culture of centralisation and safety-first investing makes Bitcoin mania an unlikely prospect in the country, especially given the virtual...
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Gaming Europe's Financial Crisis - Huffington Post

Gaming Europe's Financial Crisis - Huffington Post | money money money | Scoop.it

The chronicle of Europe's financial crisis has two themes. For the cognoscenti, it is the technocratic cumpolitical challenge of managing a globalized financial network of great complexity by overmatched public authorities in Bruxelles, Frankfurt, and Berlin. The other is a morality play wherein the fiscally virtuous are endangered by the profligate ways of slack Mediterraneans who evade the required discipline to correct their wayward conduct. This latter is favored by politicians and publics in the North who relish the sense of moral superiority provided by pointing fingers at their supposedly self-indulgent neighbors. The two attitudes converge in their shared distain for the allegedly lazy, inefficient workforces of Portugal, Spain, Italy and Greece -- spoiled by pandering politicians -- that are bringing the Euro to grief. To this group of truant Southerners are added the Irish and Icelanders as "honorary" members of the stigmatized fraternity.

 



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Don’t Believe Any of the Excuses for Why the Bitcoin Bubble Burst

Don’t Believe Any of the Excuses for Why the Bitcoin Bubble Burst | money money money | Scoop.it
What we’re dealing with here is neither a good investment nor a real currency. (RT @VanityFair: Don't listen to excuses why the Bitcoin bubble burst.
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Curated by jean lievens
Economist, specialized in political economy and peer-to-peer dynamics; core member of the P2P Foundation