On Bitcoin: Mt. Gox – Wikipedia

https://en.m.wikipedia.org/wiki/Mt._Gox

Mt. Gox was a bitcoin exchange based in Shibuya, Tokyo, Japan.[1] Launched in July 2010, by 2013 and into 2014 it was handling over 70% of all bitcoin (BTC) transactions worldwide, as the largest bitcoin intermediary and the world’s leading bitcoin exchange.[2][3][4][5]

In February 2014,

Mt. Gox suspended trading

, closed its website and exchange service, and filed for bankruptcy protection from creditors.[6][7] In April 2014, the company began liquidation proceedings.[8]

Mt.
Gox announced that approximately 850,000 bitcoins belonging to
customers and the company were missing and likely stolen, an amount
valued at more than $450 million at the time.[9][10]
Although 200,000 bitcoins have since been “found”, the reasons for the
disappearance—theft, fraud, mismanagement, or a combination of
these—were initially unclear. New evidence presented in April 2015 by
Tokyo security company WizSec led them to conclude that “most or all of
the missing bitcoins were stolen straight out of the Mt. Gox hot cryptocurrency wallet over time, beginning in late 2011.

Where Is Your Money ????? – Freedom Is Just Another Word…

https://maddmedic.wordpress.com/2021/06/17/where-is-your-money/

Get your money out of woke banks while you can Wells Fargo has shut down the bank account of America First activist Lauren Witzke, leaving her stranded out of state with completely no money. (Jack Hadfield) In a post on Telegram, Witzke, who ran as the Republican candidate for the Senate in Delaware in the 2020 elections, […]

Wells Fargo Cancels Lauren Witzke’s Bank Account, Leaves Her Stranded Out of State With No Money — Easy Money

The Fed’s Sneaky Plot, by Charles Hugh Smith | STRAIGHT LINE LOGIC

https://straightlinelogic.com/2021/06/11/the-feds-sneaky-plot-by-charles-hugh-smith/

The Fed is quietly taking control of more and more of the financial system and the economy. From Charles Hugh Smith at dailyreckoning.com:

For the past 22 years, every time the stock market whimpered, wheezed or whined, the Federal Reserve rushed to soothe the spoiled crybaby. There are two consequential results of the Fed as savior:

1. The Fed has perfected moral hazard: everyone from the money manager betting billions to the punters gambling their stimmy money is absolutely confident I can’t lose because the Fed will always push the market higher…

2. Organic (i.e. non-manipulated) market forces have been extinguished. There is now only one consequential force, the Fed. All markets are now 100% dependent on the Fed responding to every bleat from every punter who’s recklessly risky bet is about to go bad.

The Fed is now the perfect union of quasi-religious savior and Helicopter Parent: oh dear, our little darling got high and crashed the Porsche? Quick, let’s save our precious market from any consequences!

Bitcoin: El Salvador makes cryptocurrency legal tender – BBC News

Comment by tonytran2015: Bitcoin can thus be used to pay tax in El Salvador. But what is the official conversion rate when paying taxes? Who might bail out the Central Bank of El Salvador ?

https://www.bbc.com/news/world-latin-america-57398274

Congress approved President Nayib Bukele’s proposal to embrace the
cryptocurrency, with 62 out of 84 possible votes on Tuesday night.

Three Wall Street Mega Banks Have Admitted to a Combined Eight Felony Counts | John Barleycorn

https://bertpowers.com/2021/05/26/three-wall-street-mega-banks-have-admitted-to-a-combined-eight-felony-counts/

Rigged Game

But don’t expect the word “felony” to come up in Wednesday’s Senate Banking Hearing with their CEOs.

By Pam Martens and Russ Martens of Wall Street on Parade.

On Wednesday, the Senate Banking Committee will haul each of the CEOs of the largest U.S. banks on Wall Street to a hearing. Three of those banks have been charged with, and admitted to, egregious felonies. But we will be shocked if any Senator dares to inquire about these unprecedented felony counts.

Until 2014, no major Wall Street bank that held federally insured deposits had ever been charged with a felony in a century. That all changed on January 7, 2014 when theU.S. Department of Justice charged JPMorgan Chase with two criminal felony counts for its role in the Bernie Madoff Ponzi scheme. The bank had managed the business account for Madoff for decades and had even written to…

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Fed To Treasury Dealers & Congress: We Can’t Count On You, We’re Taking Charge

https://www.nationandstate.com/2021/05/25/fed-to-treasury-dealers-congress-we-cant-count-on-you-were-taking-charge/

Authored by Charles Hugh Smith via OfTwoMinds blog, The Fed sees itself as trapped by the incompetence and greed of the other players and by its own policy extremes that were little more than expedient “saves” of a system that is…

OLD news: Sydney Opal Tower at ‘no risk’ of collapse, but many residents still unable to return home – ABC News

Comment by tonytran2015: Any boom carry its own risk of overinvestment in substandard products.

https://www.abc.net.au/news/2018-12-25/sydney-opal-tower-some-residents-unable-to-return-home/10667636

  • Police say an internal support wall failed and a large crack appeared on the 10th floor of the tower

… While most residents have returned, 51 apartments — about a third — have been deemed unsafe and those living there are spending Christmas elsewhere as they await the all clear.

About 3,000 people were initially evacuated from the newly constructed 38-storey building and surrounding areas after the alarm was raised just before 3:00pm on Christmas Eve.

“We’re On An Economic Cliff!”

Comment by tonytran2015: The US dollars are already having a short half-live of about 14 years relative to gold. Higher inflation, meaning even shorter half-live, may turn away its acceptance and the inflation may amplify itself (Inflation is vicious to fiat money users).

https://www.nationandstate.com/2021/04/29/were-on-an-economic-cliff/

“We’re On An Economic Cliff!” Via SchiffGold.com, By and large, the mainstream is bullish on the economy. According to conventional wisdom, we are in the midst of a robust recovery. In fact, many people out there believe the Fed is going to have to tighten monetary policy sooner rather than later. But there are a […]