It is so delightfully ironic that in an epic battle of the comparing of dicks that Putin has now one upped the insecure Obama by allegedly test firing a Topol ICBM missile on Tuesday. Let’s just hope that for the sake of the continuation of human life on Earth that the pathological narcissist U.S. President doesn’t decide to prove that his is bigger. In the latest developments of what the western state-corporate controlled media is breathlessly hyping as Cold War II or the REAL clash of civilizations the hurricane of bullshit reached category four level with an ominous storm surge. Secretary of Skull and Bones John Kerry, fresh off of his over the top asininity on the Sunday morning propaganda circuit where he uttered the nonsensical words that “You just don’t in the 21st century behave in 19th century fashion by invading another country on completely trumped up pretext” which he was allowed to slither off of the hook for by the insufferable gravy-train rider Bob Schieffer who never bothered to bring up the word “Iraq” made landfall in Kiev.
Kerry as is his modus operandi make a big show out of launching into extended forays of verbal mish mash, just as he did when ginning up a case for an attack on Syria until his own tongue did him in and gave Putin a chance to sashay in steal away the next Middle East war. He also laid flowers at the Kiev Memorial for those killed during the violent street protests that were hijacked by western backed fascist goons and turned into murderous riots. But what would a visit to an un-elected government installed by chicanery and subversion by an American official be without the obligatory bribe. Kerry delivered to the newly installed fascist/neo-Nazi stocked regime in Ukraine the gift of the promise of over $1 billion dollars in loan guarantees - hey American taxpayers, you have enjoyed the show on TV now you will be paying for it – with Obama, Kerry, Samantha Power and Susan Rice delivering their brand of liberal interventionism at gunpoint get used to it. There is an acronym that the entire doomed non-elite classes of citizens in The Homeland should become familiar with BOHICA = Bend Over Here It Comes Again. Kerry of course made no reference to the right-wing thugs and neo-Nazis who are backing “Yats” and the occupying government but with the subject being taboo and a likely career killer in the domestic media why would he?
So on it goes, the aggrieved Obama is talking more smack accusing Putin of violating international law - my God has this man no shame? – while he presides over one of the most flagrant violators of the law on the planet. The entire sordid circus has pretty much reincarnated the neocon ghouls who are caterwauling for war with Russia at the top of their lungs from the think tanks, media venues and editorial pages from which they pontificate to send others to their deaths and permanent maiming as though it is some kind of sick fucking game. While they have spent the last two decades since the fall of the Soviet Union – their original object of hatred – backing illegal wars against nearly every country in the vicinity of Israel the new tensions with the Bear have them honing in with a laser focus. The scrum will soon be joined just in time for the 2014 mid-terms by the packs of corrupt charlatans and opportunists in both of our now beyond salvage criminal political parties with all of them trying to one up each other on how best to nuke Russia. There is yet anther excuse to once again avoid any sort of serious discussion of the real issues that plague America such as the economic strip-mining by looter capitalists, government subsidized financial markets, offshoring of jobs (crack cocaine to CEOs) and that hidden inflation that is conveniently omitted from official figures but is seen during every trip to the grocery store with rising prices and shrinking packages.
But as bad as it gets here in the U.S. of A. with the ongoing redistribution of wealth to the fractional upper 1 percent and the ongoing funding of wars without end it is going to be far worse in Ukraine as the pigs will soon be feasting with the devastating austerity package that is about to be imposed. The global finance mafia is going to devour the people of Ukraine once western control has been consolidated. The interim prime minister “Yats”, an endearing nickname made famous by the “Fuck the EU” intercepted and leaked phone call of one Victoria Nuland who is an Assistant Secretary of State in charge of European and Eurasian Affairs is a made man with a job to do. Arseniy Yatsenyuk is a former central banker and therefore the top choice to wield the carving knife soon to be taken to those essential services, social programs and pensions that have to be stolen from the people in yet another country that will be assimilated into the Borg collective of the impoverished. He is also the chosen man of American interests to get the job done so that the parasitic elite can revel in their theft of even more money to finance their lavish globe-trotting lifestyles. He has the full backing of the U.S. establishment as well as vicious state-protected goon squads to act as enforcers with those who dare to step out of line including Nazi wannabes – it all sounds so 1980′s Latin American but with the coming of Cold War II it is back to the future for The Homeland.
The sound of the fury is deafening as it rolls forth across the fruited plain today. The crybaby American power elite, the at one time biggest, baddest bully on the whole spinning globe is throwing an ugly and prolonged snit over the reviled Russian leader Vladimir Putin sending troops into Ukraine to protect his own borders. The U.S. warmongers and whiners are braying today in a keening cacophony of petulant assholes who have had the grievous injury of not getting their way. The neo-Nazi backed fascist coup d’etat executed against Ukranian President Viktor Yanukovych was to have been a triumphal bit of vengeance for Putin’s daring to offer up asylum to former government contactor turned patriotic NSA whistleblower Edward Snowden thereby sparing the young man a living hell of torture and imprisonment followed by a Stalin style show trial in The Homeland as well as his derailing of the war on Syria which was always based on lies from the onset.
No doubt that Putin stewed during the American led campaign of lies and hypocrisy carried out by dishonest demagogues and state media stooges during the Sochi Olympics and the ousting of Yanukovych by scum and thugs was obviously timed to inflict the ultimate indignity. But once again, Putin being the masterful politician and former KGB spy schooled Obama. I always got a kick out of the assertions of my liberal friends that Barack Obama was the Michael Jordan of politics, patiently and carefully studying the defense of the Detroit Pistons Bad Boys and would at the precise moment of opportunity would in a whirling dervish of superhuman daredeviltry and single-handedly winning the title as his badly outclassed opponents were left in a heap of despair watching the coronation of the young champion. Well to use another of those wonderful sports analogies Putin just punked Obama again and made him into his bitch, there is nothing quite like being butt-fucked six ways from Sunday on the world stage. Obama is nothing more than an amateur and a narcissist, a self-important fool who was never really cut out for the big leagues to begin with.
Secretary of Skull and Bones John Kerry ripped Putin for his “incredible act of aggression” in Ukraine but this is the same stammering dolt whose chestnuts were pulled out of the fire over attacking Syria back in September by the Russian leader, it would have been an unmitigated disaster. Such an ingrate not to mention a colossal hypocrite and a fitting representative of a rogue state that flagrantly violates every premise of international law on a daily basis but when you are a member of the American elite the law can just be damned – laws are for the little people. Kerry is understandably pissed off being one of the high-rolling Davos elite and an honorary piece of the corrupt Eurotrash that would have benefited enormously from cramming their latest round of crippling austerity programs stright up the asses of the Ukranian people. Not that Yanukovych personally stuck it to Kerry by nationalizing a Heinz Ketchup factory like Hugo Chavez did but that is another ongoing U.S. backed coup in a country that doesn’t sit on Russia’s border. Kerry’s tirades actually began earlier this week when he carped about the lack of taste for U.S. intervention being the attitudes of a “poor country”. This guy has no business whatsoever acting as Secretary of State as it is very obvious that he is a walking conflict of interest thanks to his marrying into the Heinz family fortunes and his history of flip-flopping, for example wining and dining his pal Syrian leader Bashar al-Assad and then pushing for a military intervention to remove him from power.
Taking the place of the neo-Nazi loving Senator McCain on the on the Sunday morning bloviation circuit Kerry was everywhere today pushing the lies of the American gangster state. Other than appearing on Fox Kerry hit for the cycle appearing on all of the big three regular television networks to kick Putin in the balls – ostensibly for sending troops into Ukraine but really to avenge the twin insults of Snowden and Syria. The longtime Massachusetts Senator is man with a notoriously chronic case of diarrhea of the mouth while on CBS’s “Face the Nation” Kerry made the ludicrous statement that – “You just don’t in the 21st century behave in 19th century fashion by invading another country on completely trumped up pretext”. But in typical fashion the ever ridiculous hosts, in this case longtime insider and gravy train rider Bob Schieffer failed to call him on such obvious bullshit. What was allowed to go totally unmentioned is that the flag-wrapped exceptionalist people who run The Homeland have invaded another country on “completely trumped up pretext” in the 21st century when Obama’s predecessors George W. Bush and Dick Cheney attacked and invaded Iraq - a country that did not even remotely threaten the U.S. Saddam Hussein did NOT have weapons of mass destruction yet a costly and disastrous – at least in terms of American prestige – war was started under the exact type of completely made up horseshit that Kerry has the gall to accuse Putin of. Hell, if anyone should understand this it is John Kerry – he ran against Bush for the presidency in 2004 for Christ’s sake.
On NBC’s “Meet the Press” Kerry whined about kicking Russia out of G8 and boasted about economic sanctions, pity the poor wounded empire that is unable to militarily bully Mr. Putin like it does everyone else and as for economic sanctions, none could more onerous and cruel than those which that have been inflicted upon the American people themselves. The failed economic policies of the Obama regime (or for that matter any establishment Republican regime) represent the ongoing fleecing of Americans to provide free gambling money to Wall Street casinos and to pay tribute to the global finance mafia that Kerry is a mouthpiece for.
Everyone is joining in on the scam too. Mealy mouthed piss babies like Senator Lindsey Graham – in full bitch fit mode are going after Obama hammer and tong after dear leader was fed yet another one of those vodka-marinated shit sandwiches by Putin. Graham of course is fending off a tea party challenge to her longtime Senate seat and yet another public lynching of Obama, especially for not being tough enough on Putin sells well with the Jesus freaks, rubes and Birchers in the Palmetto State. Even the opportunistic Sarah Palin has slithered out of her spider hole to bemoan the lack of backbone by Obama in not launching a full-scale military invasion of Russia – which she could presumably see from her back porch.
On days like this I am ashamed to be an American but considering what this country has become I am damned proud of it.
If you held any Bitcoin in the Mt. Gox exchange you might not want to keep reading. This article can be accurately summed up at “sometimes when certain people/businesses suffer, everyone else is better off going forward.” The idea is that usually people learn from past mistakes.
In my job once, I was promised a pay raise if I reached certain goals. By the time I reached those goals, there was new management that had come up with more goals for me to reach for that pay bump. After making a fuss about it, they thanked me because it helped them realize where communication gaps existed in their system. They told me that because I had to suffer through that, future employees would benefit. But I still didn’t get my raise right away, so I was still mad. “Yippee! Future employees benefit, while I still got screwed!” I thought. So believe me, I get why those that held Bitcoin in Mt. Gox might not care for this article. Especially if you had hundreds of thousands of dollars worth of BTC in their system.
I digress. The point of this article is to say that even though Mt. Gox has been a major PR headache for the currency we are all adamant on backing, and in spite of the fact that their destruction has devalued this currency, Mt. Gox failing will strengthen the worldwide infrastructure that supports Bitcoin. More investors are putting more of their funds into Bitcoin startups, and these companies, along with existing companies, can take a look at the reasons that Mt. Gox failed. Exchanges and Bitcoin wallets can develop a better infrastructure that is robust to hackers and theft. More money can be put into PR and communication with customers.
As we learn from the mistakes of Karpeles and his team, Bitcoin will become a stronger, viable, price-stable currency. That is when we can stop relying on centrally regulated currencies worldwide.
Mention the term ‘Mt. Gox’ to anyone in the Bitcoin community and you are bound to see a cringe. The cringe comes from a variety of places; perhaps someone lost money in the exchange, maybe you are sick of every announcement from Mt. Gox causing a dip in Bitcoin price, or most likely you just wish we could cut to the end of this story and drive a spike through Mt. Gox’s heart. It will inevitably die, but, for some reason refuses to admit this.
This morning as I was scrolling through my Twitter feed, all sorts of people were tweeting about Mt. Gox. Everything from the source code in the site referencing an acquisition of the company, Mark Karpeles ambiguously stating that there was going to be an announcement made about the future of Bitcoin, and reports of 744,400 Bitcoins being lost in the malleability attacks on Mt. Gox.
Wow, what a way to start a morning. There is also a document floating around titled Crisis Strategy Draft that outlines steps the Mt. Gox plans to take to turn the company around. From the document it seems that they want to rebrand under the name Gox and be involved in other cryptocurrencies on the new exchange. Mark Karpeles, who recently resigned from the board of the Bitcoin Foundation, also plans on stepping down as CEO of the company.
In spite of their rebranding efforts, and kicking Karpeles out, Gox has already suffered too big of a PR blow to become relevant again. Anyone who has money tied up in the exchange has already accepted the loss, and the company has already shown that they are too irresponsible to admit failures and take corrective measures, so I doubt there are any Bitcoin users that are interested in using them as an exchange ever again. Any sort of plan they have to incentivize people to use their service is bound to fail, as Mt. Gox has single-handedly dropped Bitcoin’s price in half over the course of a month. Thanks guys.
On Thursdady, Cameron and Tyler Winklevoss announced that they would be launching a new Bitcoin price index labeled the Winkdex. The Winklevoss twins became a household name for the legal battle that they had with Mark Zuckerberg regarding the founding of Facebook, as shown in the movie The Social Network.
Using their resources and their name as a brand, they have forayed into the Bitcoin world headfirst, investing in Bitcoin startups, and most recently filing with the SEC for the first Bitcoin exchange-traded fund (ETF). This is why they have created the Winkdex, to have a price that they can measure their ETF against. Could they have used one of the many other Bitcoin price indices available on the internet? Of course they could, but it would not have the Winklevoss name on it.
Part of me is glad to have such a highly visible name supporting Bitcoin, but the other part of me is annoyed that they are just going all in on Bitcoin. Will a Bitcoin ETF lend more legitimacy to Bitcoin? Probably. Do we need a “Winkdex” to aggregate the price of Bitcoins across all exchanges? Probably not.
Image: TechCrunch, Flickr
Yesterday, the price of Bitcoin on the Mt. Gox exchange dropped below $100 for the first time since July, which is leading those in the Bitcoin community to reflect on the fall of one of the largest exchanges in the world. As of this article, the price is hovering around $120 per Bitcoin, but looking at the fact that it was trading at over $900 earlier this month helps to understand how big of a fall this has been.
There are multiple reasons for the price drop (not only because of the halt on withdrawals from the exchange), but the big ones are ignoring protesters, blaming Bitcoin for a problem in their system, and then moving their address.
All of this adds up to a big snarly mess of angry people. Angry people lead companies to shut down and fail. It has been painful to see the poor PR job that has been done at Mt. Gox, but those in the Bitcoin community could not be happier to see it go. Bitcoin prices on other exchanges are roughly $400 more, so it is tough to see Mt. Gox ever gaining steam again to keep up with current prices.
Not all are feeling bearish on Mt. Gox, however. Some users are waiting to see when Mt. Gox will resume withdrawals so that they can enter the exchange again, assuming that the price will increase back to pre-halt times. The major assumption here is that Mt. Gox will ever get back on its feet again.
Bitcoin naysayers have been quick to judge the Bitcoin as its price decreased in the past few weeks after Mt. Gox shut down withdrawals, and then afterward a hacker attack on other exchanges caused them to halt withdrawals as well. They say that this is all proof that Bitcoin is just a fad. Wedbush Securities released a report on Friday that suggests otherwise.
The report, titled “Bitcoin: Watch the Innovation, Not the Price”, is a 16-page document, which can be summed up by the following statement from the report: “As a sign of price stabilization we would point out that Bitcoin has declined less than 15% in the face of its biggest and oldest exchange being crippled and other key exchanges coming under a broad denial of service attack.” They also pointed out that because of these attacks, other digital currencies are better equipped to take on the future.
CoinDesk gives a pretty comprehensive summary of the report here, but basically they show that user interest in Bitcoin is increasing, merchant interest is increasing, and they debunk some myths out there that it might not hold its ground because it is in a “whimsical market.” They show some price and valuation graphs for Tesla, Twitter, Snapchat, and others to show that volatility isn’t necessarily a bad thing and that these companies are here to stay, so digital currencies seem to be the same.
Image: Wedbush Securities
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