Fed Believes Opioid Crisis Is Reason Why Men Aren’t Working

Fed Believes Opioid Crisis Is Reason Why Men Aren’t Working:

“It’s an economic issue. It has economic implications, but it’s a whole lot more than that…There seems to be a clear indication or a clear connection between [opioid abuse] and the ability to go to a job,”

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Bitcoin Surges Above $2500 Following Goldman’s Bullish Note As ‘Civil War’ Ends

Bitcoin Surges Above $2500 Following Goldman’s Bullish Note As ‘Civil War’ Ends:

Bitcoin is up 40% from its weekend lows as the combination of a bullish Goldman Sachs note on the virtual currency and a major sigh of relief that the potential ‘civil war’ over cryptocurrency’s scaling solutions appears to be over (with over 80% of the hashrate currently voting for the protocol upgrade).

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Crazy Fed Cartoons From 1912 Versus Today

Crazy Fed Cartoons From 1912 Versus Today:

Inquiring minds may be wondering what economic cartoons from 1912 looked like. I can help.

Flash Forward to Today

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Greece Brain Drain: 33% Of Unemployed Looking For Jobs Abroad Vs 11% In 2015

Greece Brain Drain: 33% Of Unemployed Looking For Jobs Abroad Vs 11% In 2015:

Despite the falling unemployment rate, the percentage of those unemployed seeking jobs abroad has risen from 11% in 2015 to 33% this year. The message seems to be “get me the hell out of here”.

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Cashless Society Alert: Visa Will Be Giving Up To $500,000 To Restaurants That Go ‘100% Cashless’

Cashless Society Alert: Visa Will Be Giving Up To $500,000 To Restaurants That Go ‘100% Cashless’:

The push toward a cashless society is becoming more of a shove.  Before today I had never heard of “The Visa Cashless Challenge”, but after reading about it I have to say that I am quite alarmed.  Visa is trying to “encourage” businesses to go cashless, and one of the ways that they will be doing this is by “awarding up to $500,000 to 50 eligible US-based small business food service owners who commit to joining the 100% cashless quest”.  The food industry is still one of the last bastions where cash is used very heavily, and so it makes sense that Visa would want to target that segment.  Of course the more people that use cards to pay for meals, the more money that Visa will make.

When I go to restaurants, I almost always use cash, and I know a lot of other people that very much prefer to use cash in those situations as well.  But if Visa has their way, soon all of us will be forced to use some form of digital payment instead.  The following is an excerpt from the press release that Visa issued about this new “challenge”…

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Social Security Will Be Paying Out More Than It Receives In Just Five Years

Social Security Will Be Paying Out More Than It Receives In Just Five Years:

“Right now, Social Security continues to take in through revenue more than it pays it through benefits, which is expected to continue until 2022. Once Social Security begins to pay out more than it takes in, it will be forced to liquidate the assets held by the trust funds.”

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Ethereum Suddenly Crashes 20% Amid Chatter Of More ICO Fraud; But Goldman Sees Bitcoin Testing $3000

Ethereum Suddenly Crashes 20% Amid Chatter Of More ICO Fraud; But Goldman Sees Bitcoin Testing $3000:

Two days ago we saw the first ICO fraud exposed (as CoinDash was hacked), and after a big rebound the last two days (as civil war seems to have been peacefully resolved with 80% of hashers reportedly accepting SegWit), Ether is suddenly crashing again as several tweets mention more (and larger) ICO hacks.

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Most Americans Are Unwilling To Pay More For “Made In The USA” Products, Poll Finds

Most Americans Are Unwilling To Pay More For “Made In The USA” Products, Poll Finds:

“The lower-end consumers certainly care, and that’s a good thing,” he said. “But they’re also not in a position to pay the premium”…

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Bitcoin Soars As Much-Feared Network Split Appears To Be Avoided

Bitcoin Soars As Much-Feared Network Split Appears To Be Avoided:

Bitcoin and other virtual currencies have rallied hard  this week as growing support for a controversial software update suggests that a long-feared network split might be averted, and the issue settled…at least for now.

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The ECB’s Balance Sheet Is Now The Size Of Japan’s GDP And Stands At €4.23 TRILLION, Making It The Largest Central Bank Holding In The World

The ECB’s Balance Sheet Is Now The Size Of Japan’s GDP:

The ECB’s balance sheet now stands at €4.23 trillion, making it the largest central bank holding in the World. As Deutsche Bank notes, this is the same as the GDP of Japan (€4.3 trillion) – the 3rd biggest economy in the world and a decent distance ahead of Germany (€3.02tn) – the fourth largest.

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Bitcoin Bounce Sparks John McAfee To Forecast $500,000 Price Or He’ll “Eat His Own D*ck On Live TV”

See, drugs are bad for you…

Bitcoin Bounce Sparks John McAfee To Forecast $500,000 Price Or He’ll “Eat His Own D*ck On Live TV”:

“so 1BTC $500k within 3 years?” ... “if not, I will eat my own dick on national television”

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