Bitcoin Is Unsustainable

Bitcoin Is Unsustainable

The year is 2018. After a rough Greek exit from the eurozone, economic malaise has spread to Italy, Portugal, Spain, and France. Nervous citizens across Europe look for a way to get their money out as currency traders hammer the weakening euro, banks impose withdrawal limits, and their purchasing power plummets. Enter Bitcoin.

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All In: The Bush Family Goes for Number Three

All In: The Bush Family Goes for Number Three

It's happening. As expected, dynastic politics is prevailing in campaign 2016. After a tease about as long as Hillary's, Jeb Bush (aka Jeb!) officially announced his presidential bid last week. Ultimately, the two of them will fight it out for the White House. By Nomi Prins.

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With No Credit Cards Allowed, No Cash In ATMs, No Banks Open, Tourists In Trouble In Greece

With No Credit Cards Allowed, No Cash In ATMs, No Banks Open, Tourists In Trouble In Greece

Banks all across Greece are closed today, and will remain closed for the rest of the week. Not because it’s a holiday, but because the Greek government is trying to stop the banking system from collapsing as money flows out of the country while its long-running debt crisis reaches a critical point. As a result, tourists in Greece are finding themselves unable to pay for basics like food and shelter.

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Someone Is Trying to Crowdfund a Greek Bailout, and Donations Are Surging

Someone Is Trying to Crowdfund a Greek Bailout, and Donations Are Surging

A new campaign has been set up on Indiegogo, an online funding website with a mission of "empowering everyone to change the world." With a goal of raising 1.6 billion euros, the "Greek Bailout Fund" aims to do what the Hellenic Republic's creditors apparently cannot.
And, unlike Greece's actual bailout package there are no (austerity) strings attached. Only 1,599,917,718 euros to go.

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