Ferguson Government's Creditworthiness Reclassified as 'Junk'

Ferguson, Missouri the site of numerous clashes over the past year between rebels and Government forces has had their creditworthiness as evaluated by Moody's reduced seven levels from Aa3 to Ba1 "junk" status (archived). Moody's cites a rapid deterioration in Ferguson's financial health following the beginning of the rebellion, and if Ferguson's government continues to conceal information about how their efforts to stabilize the situation have adversely affect their finances Moody's has threatened to withdraw their rating of Ferguson completely. Ferguson government leader James Knowles considers Moody's action "unfair" and that the embattled government is financially healthy enough to not require further debt issuances at this time. Moody's is predicting Ferguson's government could be insolvent by 2017.

Twitter Continues Flirtation With Politicians

After gifting politicians with an embargo against following their retractions, Twitter yesterday announced a further gift for politicians which begins with those running for office in the United States. In a blog post today (archived) that could not be contained within their otherwise customary 140 character limit, Twitter announced they would be unveiling "cash tags" facilitating donations to politicians named in a $cashtag through an arrangement with Jack Dorsey's social payments startup Square. Continue reading

BIP-101 Syndicate Shares Fiat Ties, Opposition to Actual Bitcoin

Upon a Crunchbase investigation of the companies attached to the open letter (text) published on Blockchain.info's blog supporting BIP-101, a correlation arose that indicates these companies have most likely been compromised for some time. All of these companies who have been known to employ heavy KYC terms, are heavily funded by fiat institutions that want to pervert Bitcoin. Continue reading

British 'Cultural' Capital Controls Interfere With Commerce

CNN reports that government of the United Kingdom is forbidding a buyer who paid 146,500 pounds formerly known as sterling for a watercolor painting from taking it to his home (archived) outside of Britain. According to the Kingdom's government it hopes that the ban will encourage the buyer, who purchased the piece as the highest bidder at Christie's auction house would make the decision to sell the painting on to a buyer intending to keep the watercolor in the United Kingdom. This is in spite of the fact that no such buyer for the artwork was interested in outbidding the actual purchaser in an auction. The export ban was put into place by Culture Minister Ed Vaizey. Continue reading

Scottish Bank, Police & Court Harass Bitcoin Trader, Conspire To Steal His Cash

The Herald Scotland reports (archive) that a bitcoin trader recently had £5,500 seized by Scottish police under the Proceeds of Crime Act 2002 after his bank closed his account and requested he attend the branch to collect his cash. Having collected his cash as requested, Max Flores left the bank branch only to be greeted by police who absconded with the money despite not placing him under arrest. This act of theft was further supported by a court which allowed the thieves to keep Flores' cash for a period of three months while an investigation was carried out to established whether or not Flores was involved in money laundering. Continue reading

Cecil the Lion is a Pretext for Expanding Extraterritoriality of US Law

Recent social media uproar over a dentist's alleged killing of an African Lion referred to by persons as Cecil, in honor of Cecil Rhodes. Cecil was killed outside of the sanctuary within which his typical range was in Zimbabwe, a country which was also once named for Cecil Rhodes. The story was picked up by the social media outrage machine and amplified by mainstream media organs. Continue reading

Coin.mx Operators Arrested For Violating Anti Money Laundering Laws

Anthony Murgio and Yuri Lebedev operators of the Bitcoin/Fiat exchange Coin.mx were arrested by the FBI at their Florida homes last week and charges in the Southern District of New York by Preet Bharara's office were unsealed against them this week. The Feds accuse Coin.mx of trading roughly 1.8 million dollars worth of Bitcoin and Fiat using the pretext of a memorabilia collector's club to conceal their actual activities from their banks and later acquiring control of a small credit union for greater autonomy. Continue reading

Greek Finance Minister Varoufakis Resigns in Failure

Greek banks continue to struggle beneath the onerous burden of financial debt imposed by their left-leaning welfarist government and as such are teetering on the brink of insolvency.1 Despite a slew of highly restrictive capital controls and out-of-the-blue "bank holidays" designed to maintain some modest levels of liquidity in the face of branch and ATM queues across the country, the condition of Greece's banks is less than ideal and quite possibly insufficient for long-term survival. Continue reading

  1. The prospect of Greek debt default isn't just weighing down the local economy either. Inextricably intertwined as the global fiat economy is, the Euro has taken some damage, as have a number of stock markets around the world, as many are wondering aloud whether Greece is the canary in the coalmine of paper promises. 

Europol & Eurojust Take Down Cybercriminal Group

Reports are coming in that five "high-level cybercriminal" suspects have been arrested for "cybercrime" related to the ZeuS1 and SpyEye2 malware programs. After eight house searches were conducted across four different European cities, the Joint Investigation Team,3 supported by Europol and Eurojust, took down this "very active criminal group" that is allegedly responsible for infecting consumer and banking computers with Trojans. By infecting target machines, harvesting bank credentials, and compromising bank account information, the unnamed members of the group were able to make off with upwards of EUR 2 million. Continue reading

  1. ZeuS or Zbot is a trojan computer program that exclusively infects computers running Microsoft Windows. (Run moar winbloze!™) ZueS function by form grabbing or man-in-the-browser keystroke logging and is also used to install the CryptoLocker ransomware program that has plagued police departments, county prosecutors, municipal governments, public schools, gamers, and other private individuals since at least 2013. ZueS is spread through phishing schemes and drive-by downloads. 

  2. SpyEye is still another trojan computer program that exclusively infects computers running Microsoft Windows. Are you noticing a pattern here yet ? Spyeye works quite similarly to ZueS and has been previously used to obtain personal and financial information from Verizon customers in the US as well as infecting Amazon's Simple Storage Service as a platform for launching botnet attacks from the cloud service provider.  

  3. JIT member countries include Austria, Belgium, Finland, the Netherlands, Norway and the United Kingdom, all of whom are also in the NATO Reich with the exception of Austria and Finland.