05 Jun '13, 2am

How Bitcoin Can Bring Down The United States Of America

How Bitcoin Can Bring Down The United States Of America

To understand this scenario, we need to understand just how bankrupt the United States of America is. For some reason, most spotlights at the moment are pointed at the failing Euro; this is probably in part due to the fact that the US Dollar failed long ago, and is being kept alive by blowing up a bubble harder by the day. An ELI5 version can be found here (ELI5 meaning “explain it like I’m five”), but in a nutshell, the USA defaulted on its international loans following the Vietnam War, and has been borrowing more money to fund its extravagant consumption ever since. Since long ago, more money is now borrowed just to pay interest on the previous loans. Last year, the United States’ budget deficit was an astonishing 50% of the budget – for every US Dollar in revenue, two were spent . Remarkably, this isn’t discussed a lot – I imagine if it were, the US’ ability to pay back...

Full article: http://falkvinge.net/2013/06/04/how-bitcoin-can-bring-dow...

Tweets

New Keywords Can Bring New Business, So Why Are...

searchengineguide.com 05 Jun '13, 3pm

With tens of thousands of searches a month up those competitive keywords can drive immense amounts of traffic to those sit...

Information Warfare: America Admits China Took ...

strategypage.com 05 Jun '13, 3pm

June 5, 2013: The U.S. Department of Defense recently received a report (from the Defense Science Board) detailing what wa...

A united front - new @insidehousing campaign #granthomes please get involved!

A united front - new @insidehousing campaign #g...

ukgbc.org 04 Jun '13, 8am

The publication reports that many in the social housing sector fear a further £11.5 billion of spending cuts when George O...

will

will

americanbanker.com 05 Jun '13, 4pm

It is hard to have a serious conversation about Bitcoin without discussing anonymity. While anonymity is not an inherent c...

US Renewable Energy Action Is Brewing in Cities...

renewableenergyworld.com 04 Jun '13, 8pm

Viewing the progress of clean tech in the U.S. through the lens of national politics can get pretty depressing. Continual ...

US Renewable Energy Action Is Brewing in Cities...

renewableenergyworld.com 04 Jun '13, 5pm

Viewing the progress of clean tech in the U.S. through the lens of national politics can get pretty depressing. Continual ...

The #USArmy has defended our Nation's flag for ...

army.mil 06 Jun '13, 11am

Two hundred thirty-eight years ago, our nation's leaders established the Continental Army, beginning a rich heritage of su...

The Fed Is Studying The Risks Of Bitcoin

The Fed Is Studying The Risks Of Bitcoin

businessinsider.com 05 Jun '13, 4am

The United States is studying the potential risk from online payment mechanisms like PayPal and Bitcoin, a top US Federal ...

"@naqibezwnx: BRING THIS BACK TO SINGAPORE PLEASE

twitter.com 12 Jun '13, 7am

When you tweet with a location, Twitter stores that location. You can switch location on/off before each Tweet and always ...

First America-class Amphib Nears Completion: The U.S. Navy is preparing for final integration and sea trial te...

First America-class Amphib Nears Completion: Th...

defensetech.org 04 Jun '13, 9pm

The U.S. Navy is preparing for final integration and sea trial tests for the amphibious assault ship America (LHA-6), the ...

siliconANGLE » Bitcoin Weekly 2013 June 5: The Federal Reserve 'Studies ... - SiliconANGLE (blog) #bitcoin

siliconANGLE » Bitcoin Weekly 2013 June 5: The ...

siliconangle.com 05 Jun '13, 5pm

While this week hasn’t been overly dramatic for the Bitcoin market, that doesn’t mean that there isn’t a lot of questions ...

Sneakers

businessinsider.com 05 Jun '13, 6pm

In the interest of friendly academic discussion, I'm going to take exception with the pecan pie map (slide 10). As the aut...

sneakers

businessinsider.com 05 Jun '13, 4pm

In the interest of friendly academic discussion, I'm going to take exception with the pecan pie map (slide 10). As the aut...

And the most Blue Flag beaches in Italy can be found in…

And the most Blue Flag beaches in Italy can be ...

aluxurytravelblog.com 05 Jun '13, 9am

As well as having high quality beaches, it’s also worth going to Liguria if you are into diving which can be enjoyed there...