Economy

Central banks looking at Bitcoin as real threat to dominance

Central banks looking at Bitcoin as real threat to dominance

Governments and banking officials are watching Bitcoin in fear of losing their leading position to the virtual currency and the infrastructure building around it, Arwa Mahdawi, consultant, journalist and Bitcoin employee, told RT. US Immigration and Customs Enforcement confirmed that there was an “ongoing investigation” that followed the blocking of the account of Dwolla, a […]

1 in 4 UK kids to live in poverty by 2020

1 in 4 UK kids to live in poverty by 2020

Nearly one-quarter of British children will be living in poverty by the year 2020, a new report has predicted. PM David Cameron pledged that child poverty would be gone by this time, yet some of the government’s policies seem to exacerbate the crisis. Research by the Institute for Fiscal Studies (IFS) estimated that the UK […]

Cyprus Protesters and Bank Employees Clash With Police; Europe and Russia Reject Bailout

Cyprus Protesters and Bank Employees Clash With Police; Europe and Russia Reject Bailout

Local news in Cyprus is reporting an escalation in the protests that have begun in the wake of attempts by EU chiefs to confiscate the savings of depositors. The news of possible bank closures has enraged the public. It appears that in order to keep things under control, the Central Bank is discussing a possible […]

Russian Leader Warns, Get All Money Out Of Western Banks Now!

Russian Leader Warns, Get All Money Out Of Western Banks Now!

A Ministry of Foreign Affairs (MFA) “urgent bulletin” being sent to Embassies around the world today is advising both Russian citizens and companies to begin divesting their assets from Western banking and financial institutions “immediately” as Kremlin fears grow that both the European Union and United States are preparing for the largest theft of private […]

World Debt Explained: Nation’s Debt In $100 Bills

World Debt Explained: Nation’s Debt In $100 Bills

Politicians speak about Millions, Billions & Trillions everyday. The numbers mean nothing unless one understands the size of these numbers. Here is an info-graphic that is visualizing world debt in $100 bills while making the assumption that debt is represented by physical paper (when it is nothing but a bunch of electronic ones and zeros […]

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