Американец, в 1998 году выигравший в лотерею миллионы долларов, спустя 20 лет стал грабителем банков. 55-летний Джеймс Аллен Хейес (James Allen Hayes) подозревается в 11 налетах на банки, совершенных в 2017 году. За потрепанный вид ФБР присвоило ему кодовое имя «бывалый бандит».
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 show in their latest magnificent Crypto Research report, it all happened as it always has. Bitcoin reached an all-time high and then predictably it fell again. All common stages of the classic bubble were accounted for: euphoria, infatuation, denial, fear, desperation. When Bitcoin fell under $7000 and the market capitalization of the whole sector halved, the funeral preparations by nay-sayers were already underway. The fact that cryptocurrencies have already survived five such bubbles, as the brilliant analysis by Michael B. Casey shows, is dutifully ignored by said grave diggers... In general, we are talking about old-school economists who said it from the start: Bitcoin is a scam. We strongly disagree: This initial scam phase is part of the Wild West stage of any new unregulated market, and Bitcoin and the blockchain have simply a maturing process ahead of them to weed out the bad seeds. In this respect, the crash of the past months is to a certain extent desirable because it is cleansing the market of criminal, half-baked ideas. That is how free market economy works. But it might be a tall order to expect mainstream economists to recall this after more than a decade of bail-outs and quantitative easing. All of which leaves the question of what happens next. The question appears to be, as Hays and Valek ask (and answer below), is Bitcoin a bursting bubble or the only exit path on the world's first hyperdeflation... Since December, Bitcoin’s price dropped 69 % from a high of $19,224 to a low of $5,920 in early February. The last time Bitcoin’s price plummeted this much was after the 2013 rally when it reached $1,000 per coin for the first time. During a 411-day correction, Bitcoin’s price dropped 87 % from $1,163 on November 30, 2013 to $152 on January 14, 2015. On February 2 of this year, Nouriel Roubini claimed Bitcoin is “the largest bubble in the history of mankind”. Uber-Keynesian Paul Krugman could hardly contain his joy over the Bitcoin crash – he even created a new word for it: “cryptofreude” alluding to the German word “Schadenfreude” (i.e. to revel in someone else’s pain). Has anything changed fundamentally since then? Has the bubble really popped? If Bitcoin is no bubble, what is it? Under fiat monetary systems, average Joes and Janes can no longer store their money under the mattress for safekeeping. If they do, price inflation will eat away the purchasing power of their savings by 2 % to 7 % per year based on official and unofficial calculations, respectively. Permanent money debasement discourages saving and encourages consumption spending on cars, clothing, and vacations. People who are determined to save money are forced to take on additional risk to preserve the purchasing power of their savings over time. Instead of saving their money in bank accounts, savers are forced to look for other long term stores of values like stocks, bonds, and real estate. Figure 1. Fiat Currencies in Terms of Gold (Logarithmic Scale) The main problem is that printing money is only a short-term strategy. If the purchasing power of a currency depreciates too quickly, demand for that currency decreases. In hyperinflations, demand for holding currency tends toward zero. The Bitcoin revolution is about having a way to store and transmit value that does not depend on inflationary central bank monetary policy, capital controls, or property rights. The reason people pump their paychecks into real estate, bonds, and stocks is not because these assets make a better medium of exchange. These assets make a better store of value than fiat currency, and Bitcoin has the technological features to become an even better store of value than these assets. Similar to Gold, Bitcoin allows people to save without having their savings diluted slowly by ever increasing money supply (or quickly in the case of hyperinflation). However, Bitcoin does not only enable secure saving, this technology also allows people to directly send their savings to other people without converting into fiat or any other asset. The Bitcoin network does not depend on intermediaries. Stocks, bonds, real estate, and fine art, all depend on government stability and efficient courts that uphold legal contracts. Even owning gold was outlawed in the U.S. from 1933–1974. Today, it is only legally possible to move $10K worth of gold out of the U.S. at once. Given Bitcoin’s qualitative features, there are three possible outcomes for Bitcoin... 1.) Bitcoin Becomes A Store of Value It is true that low interest policy and demand for a secure way to save are fueling part of Bitcoin’s rise in price. If central banks stop debasing the purchasing power of fiat currencies and people can return to the good old days of saving cash in their bank accounts, a large portion of Bitcoin’s appeal will vanish. In contrast, Bitcoin’s price will go much higher if fiat currencies continue to be a poor vehicle for saving. The number one reason Bitcoin may not be a bubble stems from Bitcoin’s technological qualities that make it a superior way of saving value. The upward price trend and speculation around Bitcoin stems from Bitcoin’s potential to be a global and permissionless system of managing wealth that cannot be confiscated. Like with Gold, one also gets a different perspective denominating the USD in Bitcoin. We would not expect the steep decline of the USD to continue, however the deflationary nature of Bitcoin would imply that it has more value relative to an ever inflating USD (or any other fiat money). Figure 2. USD in Terms of Bitcoin (Logarithmic Scale) If Bitcoin is adapted as store of value in the long term, people will be able to directly spend Bitcoin without converting into fiat currencies such as the Swiss franc or euro. The current period of volatility may be referred to as Bitcoin’s “hyperdeflation” phase, and this is the first time in history we are experiencing this type of economic phenomena. Investors are speculating whether or not Bitcoin will become digital gold, and rightly so. Due to the inflationary design of fiat money, Bitcoin exhibits interesting properties relative to fiat money as store of value. If Bitcoin achieves this goal, the future appreciation relative to inflationary fiat money will happen more gradually and volatility could fall drastically. However, the current part of the appreciation economically would be similar to that of a “one off-seignorage” within a fiat money system. 2.) Bitcoin Becomes A Store of Value and a Medium of Exchange Given the technological problems, the majority of Bitcoin users do not use it as a medium of exchange. Our current payment system is easier to use. We already have credit cards, banks, and PayPal to facilitate our payments to merchants around the world. On the other hand, technologies such as the Lightning Network and SegWit may eventually make Bitcoin a good medium of exchange as well. If Bitcoin can scale to become a global medium of exchange, its purchasing power will increase because it will be able to serve three distinct functions: storing value, transmitting value, and ultimately being a unit of account. 3.) Bitcoin Becomes Neither and Collapses Bitcoin’s success so far has been nothing short of a miracle. Since Bitcoin’s inception in 2009, Bitcoin has been declared “dead” hundreds of times in the media. The Bitcoin network has several threats including hacking the SHA-256 encryption algorithm, being outlawed by governments, a 51 % attack, and solar flares bringing down the Internet. If Bitcoin fails to become a global store of value or medium of exchange, the value and subsequently the price of Bitcoin will fall. * * * Demelza Hays is Research Analyst at Incrementum AG in Liechtenstein which publishes a quarterly crypto research report. Mark Valek is Fund Manager of one of the first regulated Alternative Investment Funds with direct exposure to crypto currencies in Liechtenstein for professional investors.
Jim Cramer checks in with United Technologies CEO Greg Hayes, who shares his take on tariffs, trade and the state of the aerospace business.
Stephen Hayes, The Weekly StandardThe conventional wisdom on the firing of Rex Tillerson congealed quickly: He was an ineffective secretary of state who played a crucial role in constraining the president's reckless foreign policy instincts.This is not just logically impossible, it's also wrong. From the earliest days of his tenure, Trump didn't listen to his diplomat in chief. Tillerson was an adviser whose advice was rarely sought and even more rarely followed. His disputes with the president were widely knownÃ¢??often because Trump took them publicÃ¢??and they made it clear that Tillerson couldn't effectively perform the...
US soldiers killed more than 500 civilians, mostly women and children, in one raid in the Vietnam War. They'd been sent on a mission to confront the National Liberation Front, or Vietcong, thought to be hiding in My Lai village. Only one American soldier was prosecuted over the incident. Al Jazeera's Wayne Hay reports from My Lai, Vietnam. - Subscribe to our channel: http://aje.io/AJSubscribe - Follow us on Twitter: https://twitter.com/AJEnglish - Find us on Facebook: https://www.facebook.com/aljazeera - Check our website: https://www.aljazeera.com/
DERP STATE: Politico, House Democrats Unintentionally Launch the Dismantling of the ‘Deep State.’ The Democratic Party and Politico just went to bat for a rubber-roomed “whistleblower.” They really did just try to make hay with: “Trump Demotes — But Can’t Fire — Employee Who Calls Him ‘Dangerous'”. If the Republican Party has a smidge of […]
Nominate in the comments and a reader will pick the best eligible tracks for a playlist next week – you have until Monday 19 March This week we’re looking for songs with a “chorus” at the beginning. Keep an eye on the comments for more on how readers will be interpreting the theme.You have until 11pm on Monday 19 March to post your nomination and make your justification. RR regular Paul Hayes (who posts in the comments as Fuel) will select from your recommendations and produce our list, which will be published on 15 February. Continue reading...
Gran Bretaña contrató a los expertos de la Organización para la Prohibición de las Armas Químicas para que analizaran en el marco de la investigación del incidente relacionado con el envenenamiento de Sergey Skripal, ex coronel de Inteligencia General en Salisbury. Jonathan Allen, el Representante Permanente Adjunto de Gran Bretaña ante la ONU, declaró que Gran Bretaña había notificado a la Organización para la Prohibición de las Armas Químicas sobre el uso de un agente paralítico y les havía invitado para verificar independientemente el análisis que ya fue realizado por Bretaña. Qatar firmó un contrato del suministro de 28 helicópteros NH90 por un valor de 4 mil millones de dólares con Italia. Un contrato fue firmado el miécoles entre el ministro de defensa de Qatar y el representante de la empresa ucraniana Leonardo. También fue firmado un contrato para que los helicópteros fueron dotados con los misiles de largo alcance. El suministro de helicópteros al emirato debería ponerse en marcha en un plazo de 3 años. Nadezhda Savchenko, diputado de Verkhovna Rada declaró que la "Revolución Naranja" y la «Revolución de la Dignidad» se habían producido por iniciativa de Rusia y con el apoyo del mundo civilizado occidental. También ella afirmó que era la testigo de que Andrey Parubiy (el Portavoz de Rada actual) llevó a los francotiradores al hotel «Ucrania». Ibrahim Kalín, el secretario de prensa del presidente de Turquía, informó que las fuerzas que participaron en la operación la «Rama de Olivo» no tenían intenciones de transmitir Afrín a los manos del Gobierno de Siria después de su toma. Según sus palabras, después de la toma de Afrín, Ankara junto con Washington colaborarían para crear la «zona de seguridad» en las fronteras de Turquía у Siria en la provincia de Alepo. Según el mensaje del ejército de Israel, los tanques israelís bombardearon las posiciones del movimiento palestino de Hamás después de que en la frontera de la Franja de Gaza fue detonados unos artefactos explosivos. Se destaca que los artefactos explosivos se explotaron cerca de la valla de seguridad en el norte de la Franja de Gaza. No hay información sobre las víctimas. Las autoridades de Corea del Sur anunciaron el establecimiento del comité, que se encargara de los preparativos de la cumbre con la República Popular Democrática de Corea. También el representante de la administración del presidente de Corea del Sur declaró que Lim Jong Suk, el Jefe de la Secretaría del presidente de Corea del Sur, dirigiría el Comité. Moon Zhe Ying, el presidente de Corea del Sur y Kim Jong-Un, el Jefe de la República Popular Democrática de Corea tenían intenciones de entablar sus primeras negociaciones a fines de abril. Presentadora: Svetlana Borónina- ______________________________________________________ Агентство ANNA-News это волонтерский проект. Волонтеры ANNA-News ведут свои репортажи с мест событий, снимают видеоролики и публикуют аналитические статьи по проблеме национальной безопасности России и ее союзников в современных военно-политических условиях. ANNA-News это самые последние и актуальные новости из районов боевых действий Более подробно на сайте http://anna-news.info Помочь материально: http://anna-news.info/помощь-агентству-anna-news/ Мы в соцсетях: Вконтакте https://vk.com/anna_news Facebooke https://www.facebook.com/newsanna/ Twitter https://twitter.com/annanews_info Instagram https://www.instagram.com/anna_news.info/
Dogs are probably the most common of pets at the White House, but some presidents have had quite the unusual bunch of animals during their time in office.
Celtic effectively confirm their seventh straight league title, standing strong with 10 men to sneak victory in an absolutely brilliant game 1.58pm GMT Anyway, thanks for your company – enjoy the rest of your weekend. And in the meantime, join Will Unwin for Arsenal - Watford. Related: Arsenal v Watford: Premier League – live! 1.57pm GMT That was fantastic. A game of pace, aggression, attitude and skill – along with plenty of affirming hatred – featuring four great goals, one very good goal, a red card, and a title more or less decided; Celtic are now nine points clear at the top of the table with a game in hand. However, make no mistake: Rangers are on the way back, nurturing a compelling youthfulness and swagger. If they can add some control, they’ll be a serious force next season, Continue reading...
Authored by Peter Hasson via The Daily Caller, Left-wing pundits and activists are increasing pressure on Democratic politicians to embrace the fringe position of abolishing ICE. Once an idea limited to the far-left fringes, abolishing the nation’s immigration enforcement agency now looks likely to become a campaign issue in the Democrats’ 2020 presidential primary. Former Hillary Clinton campaign spokesman Brian Fallon came out for abolishing the agency in January. “ICE operates as an unaccountable deportation force,” Fallon argued. “Dems running in 2020 should campaign on ending the agency in its current form.” A U.S. Border Patrol agent watches over a group of undocumented immigrants on February 23, 2018 in McAllen, Texas. The agents captured the group of Central American immigrants shortly after they rafted across the border from Mexico into Texas. (Photo by John Moore/Getty Images) “Should ICE exist?” MSNBC host Chris Hayes asked Democratic California Sen. Kamala Harris on Thursday. Harris’s answer — “certainly” ICE should exist — sparked a backlash among some liberals. Liberal writer Jack Mirkinson on Friday slammed Harris for her answer in an article titled, “Not Good Enough, Kamala Harris.” “Any serious defender of undocumented people in this country would look at ICE and know that it is a cancer that needs to be excised from the U.S. Pretending that the most diseased levers of state power can be molded into something better is a useless fantasy. ICE must be abolished. Anything less is not good enough,” Mirkinson wrote on Splinter, a left-wing website. “Kamala Harris is very likely running for president in 2020. It should be a political problem for her that she is not willing to take her criticisms of ICE to their logical conclusion and call for its abolition. She should be asked, over and over again, why exactly she is willing to uphold the legitimacy of such a racist, corrupt, and thuggish organization,” Markinson concluded. “Anyone else who decides to run—Bernie Sanders, Kirsten Gillibrand, Elizabeth Warren, Eric Garcetti, you name it—should be asked the same question.” Left-wing publication The Nation on Friday pushed out a similar piece, entitled “It’s Time to Abolish ICE.” “The idea of defunding ICE has gained traction among immigrant-rights groups horrified by the speed at which, under President Donald Trump, the agency has ramped up an already brutal deportation process,” The Nation’s Sean McElwee claimed. Major donor-funded groups on the Left, including Indivisible Project, the Center for Popular Democracy and Brand New Congress, now support abolishing the ICE, McElwee noted. “ICE is terrorizing American communities right now,” Angel Padilla, policy director of the Indivisible Project, told The Nation. “They’re going into schools, entering hospitals, conducting massive raids, and separating children from parents every day. We are funding those activities, and we need to use all the leverage we have to stop it.” “This is a growing position on the left, and I imagine 2020 Democratic presidential aspirants will have to grapple with it,” Hayes, the MSNBC host, wrote on Twitter. He linked to McElwee’s article. Acting ICE Director Tom Homan said Thursday that Democrats are being misleading about the illegal immigrants that his agency is deporting. “Nine out of every 10 aliens we arrested [in the last fiscal year] did have a criminal history,” Homan told Fox News. “They don’t want to know the facts. They want to keep playing this political game and put smoke and mirrors up about what ICE is actually doing.”
In a controversial move this week, US President Donald Trump has imposed steep tariffs of 25 percent for steel and 10 percent for aluminium imports to the US, which will take effect in two week's time. The plan would exempt Mexico and Canada, while reserving the right to change the terms for other countries, including the European Union. But swift condemnations of Trump's protectionist policies were echoed all across the globe. Axel Eggert, chief of Europe's main steel federation (EUROFER), warned that "the loss of exports to the US, combined with an expected massive import surge in the EU could cost tens of thousands of jobs in the EU steel industry and related sectors." The EU produces 177 million tonnes of steel and exports around 5 million tonnes of steel to the US every year - a small share, overall. According to Russell Jones, a partner at Llewellyn Consulting in London, Trump's move is a result of "a misguided policy, and if there's one thing that I've learned over the course of my career, it is that bad policies tend to end with bad macroeconomic outcomes." "This is an increasingly desperate president who is in a rather chaotic state of mind at the moment, searching out for policies that he can actually put into practice which will appeal to his core domestic support, and protectionism is one of those policies. He doesn't actually need to have a great deal of support from Congress to put in place these initiatives and he sees himself as fulfilling some of the promises he's made during the election campaign," says Jones. "But generally speaking, I think it's a president who is searching out to demonstrate that he can actually deliver something of substance." Asked about the impact on the EU and the global economy, Jones explains, "The real concern about this whole process is we see rounds of retaliation and counter retaliation and so on...The tariffs that have been announced so far are relatively small... so they're not going to create a lot of damage to the global economy or to the European economy. But the real concern is what follows subsequently, and now that the United States has decided to go down this path, whether it can stop, whether the world can stop. There are plenty of examples from history.... Trade wars can be extremely bad, extremely damaging to the world economy." Jones believes that both consumers and manufacturers would be casualties in a global trade war. "At the end of the day, consumers will suffer and so will the industry", says Jones. "Protectionism is a recipe for inefficiency, it's a recipe for less competition, it's a recipe for higher prices and it's a recipe for lower productivity. There aren't really very many things good which come out of it... consumers and businesses everywhere will typically suffer considerable costs if this process is allowed to gather momentum." Jacob Kirkegaard, at the Peterson Institute for International Economics in Washington, DC, believes that free trade is worth fighting for, because free trade "leads to more investment... more jobs in some sectors... leads to higher productivity, and ultimately higher living standards and that is certainly worth fighting for." What people tend to forget, says Kirkegaard, is that free trade agreements will have "winners and losers - that's the nature of efficiency enhancing measures. But it is up to domestic policies to redistribute some of the gains, the overall bigger pie from a free trade agreement, making sure that parts of that additional wealth and economic benefit flow to those that lose from the free trade agreement - that has been forgotten here in the United States." Also on this episode of Counting the Cost: Geneva Motor Show: Tereso Gigi Gaudio, the CEO of Icona, discusses the futuristic, self-driving vehicles from this year's Geneva Motor show. Vietnam trade: The Trans-Pacific Partnership (TPP) will get rid of tariffs for 11 countries and connect economies worth $10tr. One of the biggest winners is expected to be Vietnam, as Wayne Hay reports from Hai Duong. More from Counting the Cost on: YouTube - http://aje.io/countingthecostYT Website - http://aljazeera.com/countingthecost/ - Subscribe to our channel: http://aje.io/AJSubscribe - Follow us on Twitter: https://twitter.com/AJEnglish - Find us on Facebook: https://www.facebook.com/aljazeera - Check our website: http://www.aljazeera.com/
Compared with the heyday of antiques collecting, prices for average pieces are now “80 percent off,” said Colin Stair, the owner of Stair Galleries auction house in Hudson, N.Y. “Your typical Georgian 18th century furniture, chests of drawers, tripod tables, Pembroke tables,” he noted, can all be had for a fraction of what they cost […] The post Why are antiques now so cheap? appeared first on Marginal REVOLUTION.
A.H.C. – Но ведь у землян пока нет возможности эмигрировать с Земли. Что нам делать?
Think you really know the story behind why some actors got fired from their gigs? And which one of their co-stars was responsible for it? Click through the list to get the truth about these on-set battles.
Мичио Каку предупредил, что люди должны срочно эмигрировать с Земли для того, чтобы выжить в начавшемся Апокалипсисе.В своей новой книге The Future Of Humanity, Каку говорит о том, что будущее человечества лежит не на Земле, а на звездах.National Geographic на днях поймало его по телефону в его офисе в City College в Нью-Йорке и он заявил, что только срочное переселение землян на другие планеты дает хоть какой-то шанс человечеству.N.G – В самом начале книги, Вы делаете шокирующее признание:” Или мы оставим Землю или мы погибнем”. Перспективы человечества действительно настолько ужасны? Это не игра в нигилистические чувства, что мы ничего не можем сделать, чтобы спасти нашу планету?M.K – Если взглянуть на эволюцию на Земле, 99,9 процента всех форм жизни вымерли. Когда все меняется, либо вы адаптируетесь, либо умрете. Это закон Матери-Природы. Мы сталкиваемся с различными опасностями. Прежде всего, у нас есть проблемы с саморазрушением, такие как распространение ядерного оружия и биоинженерная бактериологическая война, а также с глобальным изменением климата. Кроме того, Мать-природа ввела на Землю несколько циклов вымирания. У динозавров, например, не было космической программы. И поэтому динозавров сегодня здесь нет. На Земле у человечества нет шанса.В галактике мы обнаружили 4000 планет, и теперь мы знаем, что в среднем каждая звезда в галактике имеет какую-то планету.Единственный способ для человечества выжить – это колонизировать хотя бы одну из этих планет, возможно, Марс.А вчера он дал коротенькое интервью Anderson Hays Cooper.ПРОДОЛЖЕНИЕ.
Fancy yourself a world-class couch potato? You may be setting yourself up for dementia, research reveals. Here are other ways you're upping your risk.