Catharsis Ours

Commentary on the economic , geopolitical and simply fascinating things going on. Served occasionally with a side of snark.

Wednesday, November 5, 2014

Mid Term Elections place Congress in control of th GOP ! November 5 , 2014 !

Mid term links.....

BIG GOP NIGHT ACROSS BOARD
PRESIDENT OBAMA
REPUBLICANS TAKE SENATE

Election day after massacres.......

24 HOUR PALLADIUM

[Most Recent Quotes from www.kitco.com]

24 HOUR PLATINUM

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24 HOUR GOLD

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24 HOUR SILVER

[Most Recent Quotes from www.kitco.com]

Posted by Unknown at 5:31 AM

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Catharsis Top 5

Mt Gox update - February 20 , 2014 - No implementation of a patch to allow resumption of fiat and bitcoin withdrawals , but Mt Gox did move suddenly ( running away from a few protesters or from death threats ? ) Mt Gox bitcoin prices sinks to a low today of 134 ! As mentioned , Mt Gox protests continue - now three protesters ( expect that number to grow as Mt Gox stalls , runs to a virtual office and continues to not allow resumption of withdrawals ) ...... various warning from Central Banks / Regulators on bitcoin ( Israel , Hungary , Brazil ) ...... Clas Action Lawsuit looming ?
Brazil's World Cup Updates and Scary items to consider ( June 8 , 2014 ) - Isn't it fitting that this World Cup takes place amidst the turmoil of protests , tear gassings , construction failures and delays , the spectre of fixed matches as a discussion point ? One might say this is a World Cup for the WORLD today ? A beauty of a missive for the " Beautiful Game " ---- “The World Turns Around a Spinning Ball” Choreographed War and Other Aspects of the World’s Greatest Game ( Eduardo Galeano )
Ukrainian financial strait jackets updates May 7 , 2014 - Following the funny money , obligations and debt involving IMF / Russia and Ukraine version of the Troika ( US / EU / IMF ) ...... Consider the IMF loan , which is a 17 billion Two Year " Stand - By Arrangement " but only 3.2 billion made available Wednesday 5/7 - If Gazprom is owed 3.5 billion as of the end of April in arrears , where does the 5 billion come from to pay IMF loans coming due - part of 9 billion in foreign currency debt coming due this year ? ) Having lost Crimea and its tax revenue as well as prior Russian port payments , how does the IMF loan get serviced ? Well , for that you have to wait until the May 25th Presidential Election , when the West's selected Oligarch candidate gets voted in .... then we'll see the tax increase , pension cuts , privatization moves and job cuts to allow the IMF and Creditor loans to always be paid first !
Bitcoin and Crypotcoin news updates March 25 - 26 , 2014 .. h/t The Atlantic , IBT , Coin Desk and Cryptocoin news -- MT Gox might have found another 670,000 bitcoins ......Internal Revenue Service to Treat Digital Currencies as Property for Tax Purposes , discussions as to what this might mean ....... Zip Zap suspends BTC transactions ..... Auroracoin Airdrop: Will Iceland Embrace a National Digital Currency ..... Kraken Bitcoin Exchange Passes ‘Proof of Reserves’ Cryptographic Audit ..... Exchange Vircurex Freezes Withdrawals, Claims Lack of Reserves ..... ECB says Bitcoin is ‘economically insignificant’ ( Is that fear that I smell in the air from the ECB )
California is in a worl of hurt - symbolic of what the country is seeing or will see as we move through 2012 and 2013 timeframe....

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