You're Next: Don't Let Them Do a Cyprus on New Zealand

Please sign petition at http://www.avaaz.org/en/petition/Reform_the_banking_system_so_that_no_more_bailouts_are_ever_needed/?cHHSRcb Readers may be aware of an effort by the New Zealand’s government to re-jig the Reserve Bank’s Open Banking Resolution to permit failing banks to confiscate a portion of their customer’s accounts to repay bank debt – as the government of Cyprus has just done. Unlike Cyprus, New Zealand isn’t […]

Why Bitcoins Have Doubled in Value

At $43 US, the Bitcoin has more than doubled in the last twelve months.  According to Zero Hedge, this mainly relates to a 55 page report the European Central Bank published in October, expressing concern that the bitcoin’s popularity represents a potential threat to the reputation of central banks. Besides greatly increasing public awareness about […]