Showing posts with label cryptocurrencies. Show all posts
Showing posts with label cryptocurrencies. Show all posts

Saturday, November 24, 2018

Headlines


Fiery West Wing meeting led to more power for military on U.S.-Mexico border

Thanksgiving Day deals could be stealing Black Friday's thunder

Spain to blow up Brexit? [Theresa] May squirms ...

Grassley: Chief Justice rebuked Trump, but silent during Obama abuses

Senators demand that Trump say whether Saudi prince ordered Khashoggi killing

Oil price plunges 7% to lowest price in more than a year

Amazon workers protest inhuman conditions ... 'We're not robots' ...

Former [Italian] Olympics Village become [Muslim] no-go zone

House Republicans subpoena Comey, Lunch for closed-door testimony

Cryptocurrencies have lost almost $700 billion since January peak

28%[of Christmas shoppers] still in debt from last year ...

Trump: Israel 'would be in big trouble without Saidi Arabia'
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Friday, October 12, 2018

Headlines


Trump, no longer ratings Gold, loses his prime time spot on Fox News

Wall Street loses top through world markets as rate fear shake investors

Bezos loses $9.1 billion [in one day] ...

More illegal alien births in L.A. than total births in 14 U.S. states

Trump: Fed's have 'gone crazy'

Nearly $13 billion wiped off cryptocurrenciey market s as major coins plunge

CNN mocks Kanye [West] as 'token Negro' ...

Susan Rice's Republican son assaulted at pro-Kavanaugh rally

'Just ridiculous lies' Dems incensed over misleading GOP ads on Medicare for All

Russian space rocket fails in mid-air, two-man US-Russian crew lands safely

Mortgage rates 8-year high ...

McConnell: 'We're committed to help president get wall funding'

Thursday, February 08, 2018

Headlines

House GOP passes stopgap bill to avoid shutdown

Steve Wynn is out as CEO of Wynn Resorts

Goldman [Sachs]: Cryptocurrencies to hit zero ...

Biden: President has some difficulty with precision

Trump calls for a shutdown if Congress doesn't pass border security measures

Elon Musk wants 'a new space race,' says new SpaceX rocket can launch a payload as far as Pluto

Dem flips deep red House seat in Missouri ... ...

Wat: Trade deficit at highest level since '08

Gowdy implies Clinton friend Blumenthal fed information to Steele

Trump wants 'a grand military parade,' and the Pentagon may give it to him

Russians spoof Shiff ... Claim naked pictures of president ...

Deep State exposed: 73% of Republicans believe FBI, DOJ working to 'delegitimize' Trump

Tuesday, January 16, 2018

Phantasmagoria


I don't know what the Bitcoin mining process is specifically, nor do I care. Let's imagine that it is calculating the next hundred digits of pi. But I do know that, to receive a new Bitcoin, it takes specialized Chinese-made computer chips and megawatts of electricity to solve this mathematical puzzle. But to what end? Does getting the next hundred pi digits really add any societal value for all the energy and dollars expended? It's as though one spent huge resources digging in a gold mine for a picture of gold. Yes, phantasmagorical value is created by the issuance of the next Bitcoin ... but in exchange for what? Countries which issue money, back it with their "good faith and credit." What is the value of this phrase from a boiler-room Bitcoin issuer?

Your instincts are right. Cryptocurrencies will be but a quizzical chapter in the future's"History of Money."

Wednesday, December 27, 2017

Headlines


Wounded Menendez draws few [election]challengers

Israel is the latest country to signal a crackdown on cryptocurrencies

China to overtake U.S. economy in 15 years ...

Jerry Brown pardons criminal aliens to avoid deportation

Putin's main rival barred from running in election

Senate finally reveals its harassment settlements -- on Christmas

Trump lawyer sticks to prediction on quick end to Russian probe ...

Reports: PA president Mahmoud Abbas instructs staff to sever ties to U.S.

Republicans warn Trump of 2018 [election] bloodbaths

U.S. fishermen losing ground to massive offshore wind farms

MYSTERY: Fewer strong earthquakes in Oklahoma in 2017 ...

Report: 5 major conservative victories in Latin America in 2017

Monday, September 04, 2017

Some Obvious Observations


If the United State could inflict devastating punishment on North Korea for their nuclear belligerence (without starting WW III), Iran might have second thoughts about its quest for atomic weaponry.

The Democrats' real objective after Obamacare was not just 'single payer' but 'single provider' too.

Trump is ever so slowly adjusting to his role as president. We occasionally are seeing glimpses of his incipient liberal tendencies.

Possibly Obama's most grievous failure as president (and there were many) was putting America's missile defense system on the back burner.

The Democrat party has a very thin bench of moderates. Most of its younger hopefuls are unacceptably radicalized.

Hillary Clinton and her band of media outlaws, by demonizing Russia as the reason for her defeat, have possibly removed the Kremlin as a natural ally in the war against radical jihadism and in reining in North Korea.

If protectionism causes world-wide depressions, why hasn't China, the second largest economy in the world, with its onerous import policies, tripped this wire?

Global warming alarmists are losing their propaganda war primarily because their dire predictions are not coming to pass. The world is slowly waking up to this massive fraud and those, who refuse to admit the folly of their ways, are getting even more desperately strident in their rhetoric.

China is gradually losing its advantage as a mercantile giant and, unless it can add a new engine for growth, runs the risk of having all its bad bank loans pull the country into a Japan-like economic morass.

Cryptocurrencies (like Bitcoin) , in as few as ten years, could bring about the next source of world-wide economic collapse.

Elon Musk will NOT have landed, as promised, anyone on Mars by the end of 2018 ... or even by 2020.