Industrial War Machine Complex – Buy Bitcoin Defeat Corrupt Governments Everywhere!!

The Return Of Haim Bodek – HFT’s First Whistleblower

Via Themis Trading blog, Do you remember Haim Bodek?   We first wrote about Haim back in October 2012 in a post titled “Who is Haim Bodek?”.  Haim was the first whistleblower to expose how a major stock exchange (Direct Edge) created an order type (Hide Not Slide) that provided HFT firms with unfair advantages that propelled them to the exchanges’ best prices […]

Bitcoin: Bubble Or Hyperdeflation?

Bitcoin flew too close to the sun. Now the eyes of the world are upon the crypto market, with all the consequences that follow… “30th anniversary of Black Monday, when markets dropped 23% in a day. In crypto we just call that Monday.” – Alexander Tapscott But, as Incrementum’s Demelza Hays and Mark J. Valek […]

Facebook Forced To Apologize After “Video Of…” Autocomplete Search Result Stuns Users

Facebook has been forced to apologize after it spent hours suggesting bizarre, disturbing, and upsetting searches to users on Thursday night. Typing “video of” into the Facebook search bar yielded disturbing results… Multiple users posted examples on Twitter, with the site proposing searches including “video of girl sucking dick under water”, “videos of sexuals” and “video of little […]

Illinois Passes ‘Dog Chasing Its Tail’ Legislation To Buy Receivables Owed By The State

Authored by Mark Glennon via WirePoints.com, You probably know Illinois has a huge backlog of unpaid bills – $8.7 billion as of yesterday. The state pays hefty late payment penalties on most of those bills. Through the first seven months of this fiscal year, the State spent $337.9 million on interest penalties, according to The Civic […]

US National Debt Hits $21 Trillion

For 8 years, we took every opportunity to point out that under Barack Obama’s administration, US debt was rising at a alarmingly rapid rate, having nearly doubled, surging by $9.3 trillion  during Obama’s 8 years. It now appears that the trajectory of US debt under the Trump administration will be no different, and in fact […]

“We’ve Been Hearing A Lot Of Complaints” – City Passes First US Bitcoin Mining Ban

In sleepy upstate New York, one small post-industrial city has adopted what’s widely believed to be the first bitcoin mining ban in the US. On Thursday evening, the city council in Plattsburgh New York voted unanimously to impose an 18-month moratorium on bitcoin mining, per Motherboard. As we pointed out earlier this month, two large-scale […]

How Much Longer Can We Get Away With It?

Authored by Charles Hugh Smith via OfTwoMinds blog, Alas, fakery isn’t actually a solution to fiscal/financial crisis… This chart of “debt securities and loans”–i.e. total debt in the U.S. economy–is also a chart of the creation and distribution of new money, as the issuance of new debt is the mechanism in our financial system for […]