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  • Clarocet for Kids
     

    WHERE IS OUR MONEY: $473 Million In Bitcoins Vaporized As Mt. Gox Exchange Files Bankruptcy

    Mac Slavo
    February 28th, 2014
    SHTFplan.com
    Comments (243)
    Read by 14,180 people

    Due to inherent problems within the exchange mechanism used to trade the Bitcoin crypto-currency, the Mt. Gox exchange has closed up shop and filed for bankruptcy. Some $473,000,000 worth of BTC has simply vanished in what could be one of the largest digital heists in history. Investigators in Japan are inquiring into the unregulated exchange and the U.S. Federal government is also looking into it, but because of the nature of Bitcoin itself the money is, for all intents and purposes, gone. The operator of the exchange Mark Karpelès, who may or may not be involved in the disappearance of user funds has apologized for “causing trouble.”

    If you don’t hold it in your hand, there is always the possibility of counter party risk, as is clearly the case with the Mt. Gox Bitcoin debacle.

    Thus, we urge readers to take steps to, at the very least, diversify their personal portfolios into some form of physical goods, be it food, gold, productive real estate or other assets that will maintain some semblance of value in the midst of a crisis, lest you end up facing this:


    (Watch at Youtube)


    The following report surrounding the collapse of Mt. Gox originally appeared at Zero Hedge

    mt-gox-collapseFor a case study of a blistering rise and an absolutely epic fall of an exchange that i) was named after Magic: the Gathering and ii) transacted in a digital currency which many have speculated was conceived by the NSA nearly two decades ago and was used as a honeypot to trap the gullible, look no further than Mt.Gox which after halting withdrawals for the second (and final time) has finally done the honorable thing, and filed for bankruptcy. As the WSJ reports, “Bitcoin exchange Mt. Gox said Friday it was filing for bankruptcy protection after losing almost 750,000 of its customers’ bitcoins, marking the collapse of a marketplace that once dominated trading in the virtual currency. The company said it also lost around 100,000 of its own bitcoins. Together, the lost bitcoins would be worth approximately $473 million at market prices charted by the CoinDesk bitcoin index, although the price of Mt. Gox bitcoin had fallen well below that index after it stopped bitcoin withdrawals in early February.”

    The punchline: speaking to reporters at Tokyo District Court Friday after the bankruptcy filing, Mt. Gox owner Mark Karpelès said technical issues had opened the way for fraudulent withdrawals, and he apologized to customers.  

    “There was some weakness in the system, and the bitcoins have disappeared. I apologize for causing trouble”

    So $473 million Bitcoins disappear just like that? But you heard the man – he is sorry. So all is well – and why not: it works for the TBTF banks every day.

    What is amazing is that at the time of filing Mt. Gox had outstanding debt of about ¥6.5 billion ($63.6 million), and just as amazing is that it actually had assets worth ¥3.84 billion.

    Elsewhere, prices on the CoinDesk index, which tracks the Bitstamp and BTC-e bitcoin exchanges, fell slightly after the announcement but appeared to stave off a larger drop.

    Mr. Karpelès, wearing a gray suit and a blue tie, appeared calm while his lawyer did most of the talking, but he appeared to have difficulty finding words when reporters asked him to send a message to his investors, just repeating his apology.

    Computer geeks who were hoping to ride the momentum train to riches, and apparently had never heard of gold, were unhappy:

    “It is disappointing they hid so much for so long,” said Jonathan Waller, a 30-year-old game developer who said he had had 211 bitcoin in Mt. Gox. “I hope they manage to become a fully-functioning exchange again, but their reputation is so damaged it may not be possible,” he said.

    Over the past month, customers from as far away as the U.K. and Australia had come to air their complaints outside the company’s Tokyo offices. One of them, Londoner Kolin Burges, figured in news photos around the world holding a sign saying, “MT GOX—WHERE IS OUR MONEY.”

    William Banks, a website developer in Australia, said he lost about 100 bitcoins in Mt. Gox. He had been using the platform since the end of 2012, when he bought some bitcoins at $40 each. Recently, he bought more at about $800 a pop as he became more confident in the virtual currency. He said he has contacted a Japan-based lawyer to look into legal action.

    About Mt. Gox’s loss of bitcoins, he said, “That seems impossible to me. It’s just such an astronomical amount of coins to lose.”

    Only when redenominated in USD. Remember: BTC is its own currency so why fret? As for the collapse of this latest Ponzi scheme: if things appear too good to be true (wink wink S&P 500), they usually are.

    This report originally appeared at Zero Hedge

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    Author: Mac Slavo
    Views: Read by 14,180 people
    Date: February 28th, 2014
    Website: www.SHTFplan.com

    Copyright Information: Copyright SHTFplan and Mac Slavo. This content may be freely reproduced in full or in part in digital form with full attribution to the author and a link to www.shtfplan.com. Please contact us for permission to reproduce this content in other media formats.

     

    243 Comments...

    Vote: Click here to vote for SHTF Plan as a Top Prepper Web Site
    1. SmokinOkie says:

      2 Bits
      4 Bits
      6 Bits
      A Dollar
      All for the banksters
      Stand up and holler

      • Curious that just when the big banks started getting involved the mega hack-attacks against the exchanges and infrastructure started…

        What’s even curiouser is that the value of BTC vs.the USD is actually rising today.

        $473 million wiped out and no one really knows how or who did it… Let’s buy more!

        • angrycitizen says:

          Like any pyramid/Ponzy scheme, Bitcoin is doomed to fail.
          Those who, like me, remember “MMM” crash in Russia in 1994, understand this well.

          Sorry for stating the obvious, but something that does not have its own value, and has only perceived value (that is, agreed-upon value), HAS NO FUCKING VALUE!!!

          • angrycitizen says:

            In my very humble opinion, the same fate can be expected for gold and other “precious” metals.
            There’s NOTHING that makes them PRECIOUS except perception.
            Sure, it is backed by thousands of years of human history, but so do all those made-up “currencies”, except they do not live as long.

            I do not have gold, or silver, or anything that I cannot eat or shoot or put on a wound or wear, etc.
            If I had thousands of dollars to spare (AFTER I got an underground bunkers with 20 years of stored food, etc.), THEN MAYBE I would consider precious metals.
            A bunker is not even in the plans (not nearly enough income), so – no gold for me…

            • Me here says:

              It’s a sad day when people try to find a way around a corrupt institution and the corrupt institution brings it down. Make no mistake, they own us!

            • wrong says:

              angrycitizen

              bitcoin has always been a joke. nothing there. period… Who in the fuck would put their trust in something as STUPID as this! Stupid!!!!!

              Gold and Silver are real. I know because I can feel it and touch it and play “evil” Silas Marner with it. It’s had value for thousands of years and will, for as long as there are humans. That value may drop or rise but it will ALWAYS have a value.

              IMHO

              • PH 2014 says:

                And as to the comments, there is nothing precious about silver and gold, tell that to Apple for IPads, the medical industry, electronics, etc seriously doubt bit coin will run your precious I phone “Bitconners”!

              • TheGuy says:

                I never “placed my trust in it”. My plan was to get a minig rig (not trade in the stuff) and cash out at regular intervals, regardless of price, and buy silver with it. It was all based on payback period for the rig… which thanks largely to Butterfly Labs and their nuclear arms race of GHash… always turned out to be a losing proposition. Drove the difficulty rating asymptotal while the price per coin only rose linearly.

                Someone eventually got me a primitive rig to experiment around with. I’ve had it running nonstop since September 2013.

                I think I’ve made like $8… 9_9

                Well, it was free. Payback period = zero.

              • OutWest says:

                Was that a gunshot I just heard
                coming from the Eisenkreuz residence?

                • eppe says:

                  He was “Sybilized”….

                • wrong says:

                  Funny. You know when I was typing that I actually though of Eisen.

                  So this is off topic again but here’s another really good recipe using quinoa. We do it without the corn cause my wife is allergic to corn and wheat. We have ended up eating all sorts of strange new things. Mostly simple. Always leftovers cause it’s just the two of us. I really enjoy this. I make it all the time. It’s good with eggs for breakfast.

                  Black Bean and Quinoa Enchilada Bake

                  1 cup uncooked quinoa, rinsed
                  2 cups water
                  1 tablespoon olive oil
                  1 small onion, diced
                  3 cloves garlic, minced
                  1 jalapeño, seeds and ribs removed,diced
                  1 red pepper, seeds removed, diced
                  1 orange pepper, seeds removed, diced
                  1 cup corn frozen kernels
                  Juice of 1 small lime
                  1 teaspoon ground cumin
                  1 tablespoon chili powder
                  1/3 cup chopped cilantro
                  Salt and pepper, to taste
                  2 (15 oz) cans black beans, drained and rinsed
                  2 cups red enchilada sauce
                  2 cups shredded Mexican cheese
                  Toppings: Sliced green onions, avocado slices, sour cream, optional

                  1. Preheat the oven to 350 degrees F. Grease a 9×13 baking dish with cooking spray and set aside.

                  2. Add quinoa and water to a medium saucepan and bring to a boil over medium heat. Boil for 5 minutes. Turn the heat to low and simmer for about 15 minutes, or until water is absorbed. Remove from heat and fluff with a fork. Cover quinoa and set aside.

                  3. In a large skillet, heat the tablespoon of olive oil over medium-high heat. Add the onion, garlic, and jalapeño. Sauté until softened, about 5 minutes. Add in the peppers and corn. Cook for about 3-4 minutes. Add the lime juice, cumin, chili powder, and cilantro. Stir to combine. Season with salt and pepper, to taste.

                  4. In a large bowl, add the cooked quinoa and black beans. Add the sautéed vegetable mixture and stir to combine. Pour in the enchilada sauce and stir. Add 1/2 cup shredded cheese.

                  5.Pour the black bean and quinoa mixture into the prepared baking dish. Top with remaining shredded cheese. Cover the pan with foil. Bake for 20 minutes, then remove foil. Bake an additional 10 minutes, or until the cheese is melted and edges are bubbling. Remove from the oven, and let cool for 10 minutes. Garnish with toppings, if desired. Serve warm.

                • eisenkries says:

                  Eisenkries… so dear, we all are shedding a tear for you. Don, t despair as life is about lessons. There, s always another day to try again.

                • slingshot says:

                  OutWest.

                  For Eisen and Bitcom he did not have the timing. He had the understandings of the game but was not quick enough against machines that run programs to buy and sell.
                  Hard to say if he jumped in with two feet and got burned.
                  Two things.
                  He did want to share BITCOM with us, this new form of trade.
                  Is he still playing the game?

                • Jim in Va. says:

                  nope he missed! He just wounded himself.

              • Kulafarmer says:

                That enchelada recipe sounds good,,,

            • Horse'sass says:

              The problem is that the minute groups of people get big enough in number, and the level of civilization develops so that human existance is measured beyond the hunter gatherer level, and the number of groups increases, a system of barter always emerges, because people have always traded/exchanged goods and services, and “the goats for bushels of wheat” gets too cumbersome. Eventually, a form of money (store of value) is (re)born, despite the fact that all fiat currencies eventually become extinct. So if a form of money always emerges, what is the best form? Gold/silver have proven themselves as the one monetary constant. Gold especially. It is rare, can not be easily produced or counterfeited for that matter, does not tarnish, can easily be divided into small pieces, is compact, and has all the attributes of an ideal form of money, including universal acknowledgement by all cultures as money. Thus your perception admittedly has merit, and it always gives me pause when I buy a gold Maple Leaf, thinking if I am living in my own little world with no one else, this silly piece of yellow metal is useless!

              But of course, I certainly agree with the advice to get all the essentials food, water, protection, shelter, etc squared away first, and then if you have money left over, maybe convert part (25%?) of that fiat checking account/savings account/ or stocks into tangible gold. At least don’t play the bankers’ game of control through fiat.

            • Ryback says:

              The whole thing was a bullshit gimmick. Its like when you buy tokens from an arcade. Their worthless. Can only use them in the arcade, but suddenly the arcade burns down, your stuck with shit.

            • angrycitizen says:

              I feel like I am shouting, but no sound escapes my lips.

              At the time of this writing, my comment about gold having no real value, has 21 votes up and 14 votes down, which means that even on this VERY enlightened site, precisely 40% of readers believe that one chemical element has value of its own.
              That is, NOT perceived but REAL value.

              Allow me to ask: what makes you think so?..

              Is it because Ron Paul says so?

              Is it because gold has been used as money for several times longer period of time than any other made-up currency?

              In some parallel universe, where things are almost the same, with one difference:
              no one gives two shits about gold, while seashells have continued to be used as currency for millenia,
              do you think that their system is wrong?
              Because gold *is* money, right?..

              • Anonymous says:

                “At the time of this writing, my comment about gold having no real value, has 21 votes up and 14 votes down, which means that even on this VERY enlightened site, precisely 40% of readers believe that one chemical element has value of its own.”

                You ever tried giving your woman a pair of plastic earrings, or plastic wedding ring? How did that go asshole?

                GOLD AND SILVER HAS INHERENT VALUE. Get a clue.

                • Urban Dog says:

                  “Inherent value” implies that an item has a value unique to the item in question. Gold and silver have some inherent value. Both metals have uses in electronic manufacturing. The example of jewelry (plastic to women) comment, makes little sense. The same women would gladly a trade sparkles for food. The only items with “inherent value” are those needed to survive. The BC is of no value other than value ascribed by pump and dump snake salesmen who play certain people for fools. In the case of the BC, it was inflated by rich guys playing musical chairs. If the BC illustrates anything, it shows how easily assets can be manipulated. Don’t hate the player but the game is a bitch.
                  The true value of PM’s is the cost to mine with a profit margin. Anything exceeding about 30% above the true cost is speculation.

              • javelin says:

                You really can’t figure this out???

                You seriously do not understand the difference between currency and money???

                You can’t grasp that things inherantly have different value so a source or medium is needed to act as a constant with measure and value to facilitate trade????

                You think if I’m a blacksmith and just fixed a farmer’s plow or smelted and hammered him a piece of equipment–that I actually would be content with 30 bushels of perishable vegetables as payment??

                If you can’t get the basic concept that there has ALWAYS been a need for a vehicle with measurable value to facilitate exchange of goods–( whether it was 5,000 years ago, 1,000 years ago, 100 years ago or in a post-apocalyptic future)then we can’t explain it to you…

                If you can’t afford to invest in PM’s..then don’t . Just do what you can to protect and prepare for when the SHTF–but don’t be a hater…Gold and silver will always have value and are perfect instruments for measurable, constant and safe trade….

              • RealAdvice says:

                If you believe that tomorrow, universally, people will stop believing that gold is money and/or has value, I will be MORE than happy to take your gold. I’ll even pay for shipping!

              • mqg25 says:

                King Soloman thought it was worth something and I believe he was a lot smarter than you. Also, if I were to hand you and ounce of gold/silver or “sea shells” for payment which one would you accept? I am hoping you say “sea shells” because I have about 500 of them stashed in a trash bag out in my garage. I’ll be over soon to buy your used car.

            • Barn Cat says:

              Gold and silver have been valuable for 5,000 years. They maintain their value against other commodities. It’s foolish to think they could become worthless.

              There’s a lot of sour grapes from people who can’t afford to buy silver and gold so they say it’s worthless.

              PM’s will be valuable during hyperinflation as a way to preserve wealth and also when the country starts to rebuild after the coming economic collapse.

            • Mike says:

              You are correct.

              Metals are said to be a storehouse for wealth. Well, the storehouse is NOT the wealth. The actual wealth is commodities and services backed by demand. The storehouse can be anything accepted as such. Old tires, glass beads, art, seeds: just about anything commonly accepted as a representation of commodities and services.

              That metals have some magical intrinsic value is insane.

              • javelin says:

                Wrong…tires will wear away when used, dry rot and crack when stored away over time and become worthless…

                Glass beads can be made by the millions by anyone with the equipment and the supply will be flooded and boundless

                Seeds…same as the beads but with different production methods.

                While all of these things have value and can be traded–as a medium to balance an inequitable trade they don’t work. There is no constancy, no lasting effect or scarcity…all of those things balance will never be able to be established–only people in some simple “horse-trading” or dickering could use them to offset an imbalance between 2 products or services.

              • angrycitizen says:

                Hey, Mike!

                Your comment has been downvoted even more than mine…
                Although no one has called you an asshole… yet. :-)

                How does it feel to be a minority (who understands) within a minority (SHTF preppers), brother?
                Awfully lonely, isn’t it?

                My best regards to you and your loved ones.
                And to everyone here, too.

                P.S.: I do not think I am an asshole. :-)

            • SilverSurfer says:

              Just need to point out that silver is actually something precious AND can be put on a wound. Ionic and colloidal silver will kill over 600 bacteria and viruses, and have no begative effects. You CANNOT overdose on colloidal silver. Say that about any med on the market?
              Even the long lost Romans used thin hammered sheets of silver to wrap around their wounds, knowing it would speed the healing process…
              And check out bandages in your local pharmacy- some even proudly advertise that they have silver in them…
              Just your fun fact for day!

            • lonelonmum says:

              Gold has always been useful as a bribe of last resort to escape a hell hole.

              In recent years it’s been used by refugees from situations as diverse as WW2 Germany,to Biafra, to Afghanistan, to Cuba & Mexico.

              A pocketful of gold coins sewn into your clothes will get you passage to somewhere safe and potentially save your life when all else is lost. It may also pay that first month’s lodging in a strange land, to enable you to get on your feet.

              That’s the true value of gold for preppers, it’s not got anything to do with greed and profits.

              Bitcoin always seemed like a test run to me to see how gullible people were. It was based on absolutely nothing of value at all, even a fiat currency is nominally based on the resources & labour of the citizens of the nation it is based in.

              Oldest computer cubicle statement in the book:-

              Garbage in equals garbage out.

              It also reminds me of the investment ponzi scheme that brought down the small nation of Albania in the last decade. Again a pilot test run in people’s utter gullibility and stupidity.

              Seeds, education (the aquisition of real skills like butchering, welding, plumbing, gardening NOT gubmint indoctrination), agricultural land, clean water, even good boots count as an investment at this stage. Leave the stck market and fancy financial product type “clever” schemes to the intelligent idiot zombies.

              If the foundations of an investment scheme can’t be explained in common sense terms, using plain english then you don’t need a phd in mathematics to know it’s most likely a con. Understand that if you are not an insider (and you aren’t!) then you are not the intended beneficiary of any profits generated. I don’t get why people still don’t get that “they” are not on our side.

              Greed is regarded in traditional Christian terms as one of the 7 deadly sins. Deadly at this stage because it creates a haze of stupidity over critical thinking. Don’t fall for a deadly sin – go about your business, minding your own and worry about keeping your kids safe from all the filth out there, not about getting “rich”. Concentrate on maintaining a roof over their heads, food on the kitchen table and shirts on their backs, both now and in the future when you aren’t around to take care of them.

            • Brick Novax says:

              I’ve heard this same rant from young people who think they’re smarter than history — nothing in this post is new. Let me guess, you made some money in this rigged stock market run-up that will soon crash and now you think you’re smarter than history. It won’t matter if you can eat something or stick it in a wound, you’ll wish you had some gold when your paper and electronic currencies simply disappear. That’s what people like you don’t understand — precious metals retain value.

            • Lazarus says:

              Your comparing gold which has been here since the beginning of time to ‘many’ currencies which most never lasting more than a hundred years?

              One cannot compare currency to money. Gold maintains its purchasing power, currencies do not.

              Like comparing sugar to many sugar substitutes. There is no direct comparison.

              It is your opinion which is fine but you need to reassess your comparison IMHO.

          • rednek101 says:

            The dollar bill “HAS NO FUCKING VALUE!!!” It’s not backed up by gold. Crud.

          • Ted Kennedy says:

            15 yds. Take a drink.

          • Anonymous says:

            Exactly, Angry! What kind of a idiot would invest in something that doesn’t physically exist???

          • Nobamamama says:

            Only a dumbass would buy into this Bitcoin ponzi scam anyway. I feel no sorrow for anyone who fell for it and lost their money.

        • Red Leader says:

          If you can’t hold it in your hand, you don’t own it!

        • eppe says:

          Not so “FUNNY” money?

          • Indy Colts says:

            Here’s an ironic twist. I was listening to the Alex Jones show the other day. And he was talking about how people shouldn’t invest in Bitcoin. Then he went to a commercial break and the advestisement was for clound hash bitcoin LOL

            I know he’s pretty crazy but it’s something I can DL from the app and listen to at work without using my data.

        • flubber says:

          It’s because in theory the market is figuring that those bitcoins have either entered the market or are gone forever.

          MtGox was a horribly run exchange, and needed to go, thought it sucks horribly for people who lost money there.

          Gladly Bitcoin the protocol is entirely separate from MtGox.

        • Unreconstructed Southron says:

          Sorry Mac, but “money” not backed by anything ain’t. Doesn’t matter who’s tellin’ you otherwise.

          A scam’s a scam.

          • Mountain Trekker says:

            Un Southron, just rolling this around in my head and don’t get me wrong, I like PM. Now if I go down to, lets say Wally World and buy a hundred dollars worth of groceries and go to check out, and hand the cashier a hundred dollar (so-called fiat bill) she may check it with a yellow pen and then send me on my way with my groceries. But on the other hand, I hand her a 1/10 oz. gold eagle, what will she do? Bite it,to see if it’s real. Just a Thought. Bet I wouldn’t leave there with my groceries. Trekker Out.Is Your Name in The SCV Book.

            • Mcdave says:

              SCV Mechanized Cavalry

            • ReFounding Father says:

              MT, that’s because fiat money is still in play. When the dollar fails and is worthless, silver will be the common mans currency, and gold will be the rich mans currency. Barter will be the neighborhood currency augmented by pm’s.

              RF

              • Mountain Trekker says:

                I agree 100% ReFF. But in the meantime if anybody has any they want to get rid of, I’ll be more than glad to take it. And seems the PM dealers are still glad to send me Gold and Silver for my fiat currency, funny ain’t it. Trekker Out. Semper Paratus!

            • Unreconstructed Southron says:

              Mountain T. I never said anything about PM. I just find it hilarious (and very sad) that there’s people out there that actually think electrons are safer than paper. Real money doesn’t gain or decrease in value like FRTs (Federal Reserver Tokens) or Mt. Gox digital tokens. When the value of a currency is controlled by a few men (or a few programmers) it ain’t money; it’s a scam. Period.

        • SmokinOkie says:

          Right you are, Mac. Seems more than coincidental that Bitcoin gets shoved around, hacked, attacked, manipulated and plundered just when the big boys start to take notice. If they can’t control it and own it, they will shortly destroy it.
          Not that BTC had any intrinsic value of it’s own. It just provided an option away from the legally counterfeited currencies of the world. The banksters will either kill it (after scooping up a few billion in real wealth for themselves) or they will absorb it.
          That’s why I never was a big supporter of Bitcoin. The idea itself might have been fine, but you just don’t move in on the gangsters turf and get away with it. (Guido don’t like yous woikin’ dis corner. Best you skeedaddle whiles you can still walk.)

          And why the uptick even as this 473 mil disappears? Sheeple. Nuff said.

          ‘Resistance is futile…you WILL be assimilated…’

          • RealAdvice says:

            People in the US are unanimously scrambling for .22LR ammo. Much better investment than Bitcoin and in the event that other people no longer see value in it, you can go to the range, have fun, put small game on the table, and defend yourself with (with well-placed shots).

            • lonelonmum says:

              Any preppers in the EU should be scrambling for heirloom seeds, while they are still available to purchase!

              With food prices still on the rise, our masters are wise to prepping and are doing what they can to ensure they retain total control of our food supply via that old friend – regulation. If they control our food they control us, and if we cannot grow our food we really have no option but to submit to slavery.

              http://www.realseeds.co.uk/seedlaw2.html

              The link above explains it all better than I ever can.

              While destroying the public’s access to heirloom seeds, the elite have a seed vault buried in a mountain in Norway that will ensure their grandkids continued access to non-gmo healthy food.

        • Be informed says:

          @ Mac. South Park. :) I always knew you had a sense of humor and could apprecriate serious satire in a cartoon. I can remember someone on this site talking about BitCoin as the ultimate investment. I wonder whom that could be.

          This kind of reminds me of when the debt hits a certain level and the U.S. decides to RESET the money. I guess those with REAL money such as precious metals and tangible survival goods will be those that are the ONLY ones left that are RICH. We are so freaken screwed. That BO and Frankenstein kerry and other stooges threatening Russia and ready to engage Chiha to help Japan. I have to link this song, I just have to:

          DISTURBED LYRICS

          “Land Of Confusion”

          [Originally by Genesis]

          I must have dreamed a thousand dreams
          Been haunted by a million screams
          But I can hear the marching feet
          They’re moving into the street

          Now, did you read the news today?
          They say the danger has gone away
          But I can see the fire’s still alight
          They’re burning into the night

          There’s too many men, too many people
          Making too many problems
          And there’s not much love to go around
          Can’t you see this is a land of confusion?

          This is the world we live in
          And these are the hands we’re given
          Use them and let’s start trying
          To make it a place worth living in

          Oh, superman, where are you now?
          When everything’s gone wrong somehow?
          The men of steel, these men of power
          Are losing control by the hour

          This is the time, this is the place
          So we look for the future
          But there’s not much love to go around
          Tell me why this is a land of confusion

          This is the world we live in
          And these are the hands we’re given
          Use them and let’s start trying
          To make it a place worth living in

          I remember long ago
          When the sun was shining
          And all the stars were bright all through the night
          In the wake of this madness, as I held you tight
          So long ago

          I won’t be coming home tonight
          My generation will put it right
          We’re not just making promises
          That we know we’ll never keep

          There’s too many men, too many people
          Making too many problems
          And there’s not much love to go round
          Can’t you see this is a land of confusion?

          Now, this is the world we live in
          And these are the hands we’re given
          Use them and let’s start trying
          To make it a place worth fighting for

          This is the world we live in
          And these are the names we’re given
          Stand up and let’s start showing
          Just where our lives are going to

        • PabloKoh says:

          It wasn’t wiped out. It didn’t vanish. It wasn’t vaporized. The bitcoins that were STOLEN still exist. Just in someone elses hands. Bitcoin is not GLD, SLV or the US Dollar. Bitcoins are not created by bank credits in a fractional reserve bank system. Bitcoin can not be rehypothecated away. After the reset humans will demand a currency. We can have and support Bitcoin, or wait for the IMF to digitize Special Drawing Rights. Bitcoin is a currency that can not be fraudently fractionalized like all these other bankster run frauds, including gold and silver. If you are holding gold and silver understand fractional reserve practices are depressing the prices, so take the opportunity and take advantage. Hold physical metals and support Bitcoin.

      • JayJay says:

        Instead of naming them bit coins, maybe they should have named them ‘bet’ coins. (wink wink)

      • Man on the inside says:

        Bit coin this week and the dollar next year. Love the south park skit. Folks, pay off debt, buy tangible goods: GOLD, GROUND, GRUB, GUNS. Yes I know you have to invest for the future…. But right now having stuff paid for and stuff stoked up is the most important thing. The great depression… read up on this. Depending on which report you read food has increased 3-7 percent each year over the last five years. Food seems to be a better investment than muni funds. Buying now and eating later will keep more money in your wallet. Property is another good choice. When all else fails you have a roof over your head. Gold is more a stabilizer than an investment. It is good to have once you have the GRUB, and GROUND issue set up. And GUNS help you defend what is yours (along with a good team…). Don’t forget POWER… Solar or wind, not so much for the environment… more for YOUR environment. And as your system grows your utility bill (and dependence on it) shrinks. As for all these other investment schemes and banks….. well good luck. No if you will excuse me I have a mattress to stuff full of gold and silver coins…. PRAY, PLAN, PREP, FORM TEAMS.

      • Mclovin says:

        Looks like Crimea’s airport has been occupied by Russian troops and CNN is reporting communications out of Crimea have been cut off from the rest of the region. Your move, Barry.

      • BCM191 says:

        Just another scam being implemented…..
        How could anyone fall for such a scam as bitcoin!? Especially in these times of the eternal scam session!

      • BigB says:

        WHERE IS OUR MONEY: $473 Million In Bitcoins Vaporized As Mt. Gox Exchange Files Bankruptcy

        LOL, very hard. Which money? The hard core dollar you were able to buy anything with that you instead invested into a fake ola currency. Or the fake ola currency you bought to buy drugs with. Either way shame on you for being so gullible in believing that the bankers would let some thing like this out of their control.

        BigB

      • Andrea says:

        The bitcoins were lost the day withdrawals were stopped.

    2. SmokinOkie says:

      Should have put it all in tulips…

    3. Eyesopenanddisgusted says:

      Another scam successfully pulled off!

      • Big time… and that was just one exchange… there are inherent problems with the way Bitcoin itself is mined… and with pools now controlling much of the mining, it is only a matter of time before someone is able to “duplicate” coins… there’s a lot of technical jargon involved, much of which I don’t understand, but apparently once a pool is capable of mining 51% or more of the BTC’s being mined, it is essentially a Doomsday scenario…

        They call it the “51% Attack” — and mining pools have “pledged” not to do it… of course, there is someone out there who WILL execute such an attack eventually if they have the opportunity to do so.

        http://news.slashdot.org/story/14/01/10/1422206/largest-bitcoin-mining-pool-pledges-not-to-execute-51-attack

        Billions of dollars at play here… there are most certainly other BTC related scams in progress right now.

        • flubber says:

          This has in fact happened a couple of times, the most recent scare was when a pool called Cex.io came near to the upper 40 percentile.

          When that happened, there was an outcry to change from that pool to another, which happened. Their hashrate dropped and danger was averted.

          Is it possible in theory? Yes, most certainly. But it is more profitable for a mining pool to mine the currency and sell it than it is to try the attack.

          You need to realize that there is millions, if not billions, invested in mining hardware that isn’t good for much else besides mining bitcoin. If a pool was to near 51% or reach and overcome it, and execute a 51% attack, it would hurt the value of bitcoin.

          This would in turn generate less profit and potentially make their million dollar ASIC (application specific integrated circuit) machines worthless.

        • Anonymous says:

          Mac, quick question… I never looked into bitcoin, was there ever a way to convert them into US Dollars? If so, it would have been great to get in at the ground floor and then dump them a couple weeks ago!

        • MXLord327 says:

          Quick question Mac – I never followed bitcoin, was there ever a way to convert them into US Dollars? If so, it sounds like it would have been great to get in on the ground floor and then dump them a couple weeks ago!

          • PO'd Patriot says:

            Timing is everything and on your side when you get lucky. Sounds like this whole bitcoin thing was run by the federal reserve. Now like John Corzine’s gold…poof…its gone. Sucker born every minute. And just like in the case of Corzine, nothing will come from it. Don’t understand why that fucker don’t have a blue hole twixt his eyes.

        • buttcrackofdoom says:

          this story reminds me of my cousins in las vegas that worked in the sequin mines before the great collapse of 05. they started out with NOTHING, and still have MOST of it left!

    4. Da Yooper says:

      If you dont hold it

      you dont OWN it

    5. Socrates says:

      If you don’t have it in your hands physically…you don’t really own it. Paper and virtual assets are the tools of banksters and fraudsters, which are really one and the same…now that I think about it! ;)
      Get your money OUT of your 401k’s and go self managed and self directed while you can….time is seriously running out!

    6. TnAndy says:

      Like the “Liberty Dollar”, any currency that takes an hour to explain instead of 30 seconds to “get”, isn’t going to make it, IMHO. With all the problems with the Federal Reserve Note ( and there ARE plenty ), at least you can still fold it up and put it in your ACTUAL wallet.

      • And everyone can recognize it and knows what to do with it…

      • flubber says:

        You can buy physical bitcoin and do the same.

        Unlike Federal Reserve notes, bitcoin has a cap of 21 million that will ever come into existence.

        It’s not actually that complicated in theory. It’s peer-to-peer currency that uses computational power to mint new coins and facilitate transactions between addresses.

        All transactions between addresses are stored in something called the ‘blockchain.’ This ledger is maintained by every computer that has a full bitcoin wallet.

        • My personal view is that no crypto-currency is 100% secure… there exist networks, in my view, that have computational power that we can’t even begin to imagine right now… there is a reason the NSA is building facilities that house acres of computers with Yottabyte capacities… If they haven’t cracked it yet, they will eventually.

          And because everything is transferred across digital lines, whether or not you eventually put it into a USB wallet, there does exist a ‘paper trail’ of sorts. Once the code is broken, all past transactions will be accessible.

          This holds true for communications that we believe to be “secure” today… I may be sending a 256-bit encrypted email today… But they could crack that encryption 5 years from now and have full access to everything you’ve ever written using it.

          I am fairly confident that there are technicians hard at work right now working on breaking this encryption… It’s what the NSA does.. signals intelligence… these guys eat and breathe code-cracking. Breaking Bitcoin is a major prize right now… these guys will do it just for bragging rights.

          Nothing in the digital realm is secure. It never has been and never will be.

          • Me here says:

            If you want to communicate quietly, use snail mail!

          • Them Guys says:

            When they finally crack the codes and see all that many here wrote over the past 5 yrs…They are really going to be super wized up persons eh!

            I quite worrying of feds tapping phones etc Long ago. I always said they are doing it, and of late I have been vindicated by being proven correct that Yes govnt spies have been tapping phones etc since way back.

            So I switched my attitude of former paranoia, to instead I figure maybe if they listen in often, they just may Learn a few things from us they listen in on.

            if they do learn, thats good as most folks no matter if they work for govnt or not, once their eyes are opened to truth, sooner or later they re think things they thought they knew for certain. Then its one more person on My/our side of that fence.

            Its like when folks worry if they obtain a ccw lic etc they fear being placed on a govnt “List”…Well far as I am concerned, EVERYBODYS on Govnt “Lists” as many Lists as the govnt has we ALL are listed on.

            They pre planned all this stuff before we were Born. They are very good at doing it. And we All are on every list govnt and now also Major mega Corp’s have since we were Born.

            There is ZERO actual real workable true method of avoiding or out smarting govnt “Lists”.

            It may sound swell or good to read or hear the words “Tell them I wave the Benifits” and “I am a Real Person therefore I do not agree with fictional person status etc”.

            But in the Real world we All reside in, like or not, all that stuff really is is feel good talk. Because soon as one actually attempts acting it Out….Thats the exact Moment one is going to realize, it just don’t work that way as it sounded on “Paper” or an a “online Forum website”.

            First time one trys to hand a cop at a traffic stop a page long “letter” that completely outlines Your true feelings or belifs about “soverign citizens” and Real “person status”…That cop is going to stare at you for a couple seconds in disbelife, then begin to attach handcuffs on both of your hands behind your back.

            Then assist you into back seat area of His patrol car for a quick ride to his local jail cells. He’s not likely to even Read past the first sentence of that written out “I wave the benifits” stuff..

            As a guy who Has been in an 100% Illeagle Warrentless, Drug Raid by “Cops/feds Mistakes”…I Can assure you who doubt this….In the Real world we do exist in, Nothing You do or say matters a whitt. Once their minds made up to attack you, arrest you, swindle you, Raid your crib(even mistakenly with NO warrent at all present).

            All I can say is Good luck if one relies upon any type written page long document that, you wave the corps benifits. Basically “THEY” can and will and DO. Most anything They want at this point. Be it place you on a fed govnt List, tap your phones, emails, buisness affairs etc etc…And untill enough folks, Many Millions, are on board and Ready willing to act to halt such abuses…There is Nothing you or anybody else can do about it all.

            Oh sure as some Rambo type say you Can decide on a big shootout with cops or feds. Or try out all that years of Karate moves you learned and honed to perfection.

            And we all will Read of it in the local obituaries later. or see it on Live tv news!

            That illeagle dope raid I was a victim of was on Live TV news too…but even with all that occured to so violate me and My god given Rights…if I hand a firearm in hand when it went down…I would Not be here typeing. Dead do not type. And I always thought such events were prime choice for greedy lawsuit lawyers out there in americaland.

            Guess again! I phoned at least a Hundred lawyers listed in Detroit/dearborn yellow pages books…ALl flat out refused to do a suit against Feds BNDA(now just DEA) and Local cops of several agencies. Many lawyers actually chuckled or laughed out loud at my request to file a suit.

            Nobody likes to read nor hear these Facts of life in the good ol’ USA eh…it Is a fact of life though and THEY care Not weather or not we Likes it.

            Just Hope I am still alive when enough folks do come together to “FIX IT” all one day.

            About The Best ever real Eye opener I ever had of the truth of these things, was when after I got handcuffed, and thrown sideways unto a nearby couch, a Doped to the Hilt Hippe type undercover cop took his ruger .44 Magnum 4in barrel Revolver, Placed it at the back of my Head, then he Kept cocking Back the hammer, and saying “I want to just Kill this fucker Now guys!”…Then he’d slowely drop the hammer so his gun won’t Fire. He repated that 1/2 dozen times within aprox 2-3 minits time frame..

            If anything can wake you to real world life, and just how psycopathic those rouge type cops, Fed & Local both are…That type stuff sure will. I honestly believed he was going to Kill me for certain. Instead, when he tired of “Play” shooting me in back of head with a .44 magnum, he pistol whipped my head a few times.

            That really showed me a whole New way to view cops in general. Yes I know theres also good cops out there somehweres. I am harder to be convinced now though.

      • lastmanstanding says:

        Everyone takes it and most importantly…

        If you exchange it for goods, they have NO fucking idea that you exchanged it and in most cases, who received it.

        That is why they want to do away with cash…because it give you/me anonymity.

        Piss them off every chance you get.

    7. Patriot One says:

      The die hard Bitcoiner’s are still trying to hold it together. Once they blink, Bitcoin will crash. Actually I thought it would have been toast by today.

      Based on the comments I got on other sites it almost seems cultish. I hope they understand the big boys have already left the building…

    8. Chilton says:

      Here is a working link to that South Park clip. Pretty much sums up any scumbag bankster operation.

      http://www.youtube.com/watch?v=-DT7bX-B1Mg

    9. Satori says:

      473 million ???

      pish tosh

      Corzine lost 1.2 billion

      and

      the Pentagon misplace 8.5 trillion

      maybe all that money is hidden in the same place
      as the “weapons of mass destruction” ???

    10. anna says:

      I invested heavily in “tangibles” a few years ago. Unfortunately, the value of my Beanie Babies plummeted. At least I was able to sew their furry little bodies together and make them into a rug for the bathroom so it wasn’t a total loss. I don’t know of anything that you could make out of “dead” bit-coins,though.

    11. Satori says:

      beyond blatant propaganda

      CNN Claims “Americans Want Security Over Freedom”

      http://www.infowars.com/cnn-claims-americans-want-security-over-freedom/

      the MSM

      “doing Goebbels proud”

      are we livin’ in the freakin’ Matrix or what ???

    12. Hate to say it Goldbugs, but pms aren’t much different when being valued.

      Why is your gold and silver always valued in “dollars”?

      Yea, yea, yea…I know you hold it in your hand, but what will the REAL value of it be when worldwide collapse shuts everything down FOREVER.

      Methinks, very little. May as well be seashells or bottle caps. There will be no “reset” back to anything near where gold and silver are considered valuable.

      About a year ago, I quit buying PMs when I realized they would not help me survive what is coming down the pike…total worldwide collapse. The end of Industrial civilization. We are living in a mere blip in time of what we know as modern civilization…only made possible by hydrocarbons pushing wheels around.

      It will be back to goat or horse pulled carts and elbow grease. Lets see how many paper pushers will survive when they have to get dirt under their fingernails. Not many, I would wager.

      • lastmanstanding says:

        You might be close to the answer brother…the people left will have some need for a simple money. I believe pm’s will never miss a beat.

        The rest however, will be beat to death.

        “don’t go down without one helluva fight”

      • Mcdave says:

        Silver bullets. EPA approved. Gotta getcha some.

      • John_Allen says:

        JRS,

        You make good points. I mostly agree with you.

        Suppose times become even more interesting. No more “things as usual.” No more medical care as we know it. No more emergency responders a phone call away.

        Suppose you’re up on the roof installing the “anti-fast rope” netting and fall off. Break your leg. There isn’t a surgeon down the road that you know of, but suppose there were. To set your broken leg he would most likely want in payment:

        your most sincere thank you,

        three hundred pounds of tomatoes from your garden,

        your signed and numbered giclee of Rance Hood’s Lord of the Plains,

        or

        a gold canadian maple leaf and 100 rounds of .22 LR?

        You can’t eat, wear or shoot PM but they will provide a medium of exchange and storehouse of value when needed. One doesn’t toss out 6000 years of acceptance by countless civilizations. They didn”t have the market media we have. PM had value nonetheless.

        • wrong says:

          Thank you John Allen (I’m related to Ethan Allen of Green Mountain fame.)

        • lastmanstanding says:

          However, it is backed by oil…it’s called the petro-dollar.

          For now…go over to silverdoctors and read the articles by Jim Willie…any of his interviews contain lots of pieces to the puzzle…whether one believes them or not is their choice.

          The more possibilities that you are familiar with, the better you can prepare.

        • lastmanstanding says:

          John_Allen. I am on board with you and already have the wheels in motion for future healthcare.

          Everyone needs to find/befriend as many like-minded medical related people as you can. Drs., naturopaths, Nurse practitioners, PT’s, voodoo dr. (essential oil mixers)dentists, etc…

          People that want to survive KNOW that they need others with other skills to survive.

          What are you all waiting for. Cover ALL bases and have every barterable item that you can think of.

      • PO'd Patriot says:

        JRS, key point there brother.

      • Hot Chick says:

        “or we will arrange storage for you” OOOOOO K

    13. SmokinOkie says:

      Snowball/Flying Pig Gear Up For 2014 Race

      Having fared poorly in the election of 2012, Snowball, and his running mate, Flying Pig, have announced a ‘listening tour’ to gauge the mood of the electorate in this falls political showdown.
      Mr. Ball, affectionately know to his supporters as ‘Snow’ has scheduled a tour beginning in Peoria in mid March. The topic of the tour will be economics, however, Snowball says they will be listening to the needs of the people and nothing will be off the table.
      “If they want to talk about the economy, that’s fine. If they want to discuss the firing order in a 1967 in-line 6 for a Dodge pickup, that’s fine. If they just want to tell us a good recipe for banana shortbread, we’ll be glad to hear them.”
      “This is about the people, not us,” chimed in the perennial running mate, Flying Pig, “We’ll talk about ANYTHING….well except barbecue, that’s a touchy subject for me.”
      The tour will continue with stops in Sandusky Ohio, Bugtussle Oklahoma, and other major cities in late March. Insiders hint strongly there could be an announcement of their official candidacy by mid April. The two are rumored to be running for EVERY seat in the US Congress, though how the pair could hold more than 465 seats is not yet clear.
      Fundraising continues as well. Boosters nation-wide have gathered more than 2 million lbs of aluminum cans to trade for cash in an effort to jump start the campaign. Most of the cans have been personally emptied by supporters of the pair, a sure sign of the incredible loyalty of their fans.
      Unlike the failed bid of 2012 however, the two have clearly stated that “I’ll Drink To That” will not be a campaign slogan again this time around.
      When asked what their election platform would be, Mr Pig quickly answered, “We pledge to do the exact opposite of what’s been done for the past decade. Economically, socially, foreign policy… you name it. We promise to undo as much as possible, and to take a 180 degree turn in EVERY issue. We want to restore Constitutional liberties to this great nation!”
      With that, a shout went up from the crowd. Several reporters, as well as the hundreds of supporters in attendance joined Snowball in loudly affirming his running mate, “I’ll Drink To That!”

    14. only buy goods you can touch & have in your own possession.

    15. posseecom says:

      Reminds me of ..

      A fool and his money are soon parted

      There’s sucker born every minute

      You can’t fix stupid..stupid is forever.

    16. cabinfever says:

      And this is why our paper currency is just that…paper…for when someone pulls the rug out from under and says there is no value. Then the Mark. Coming soon.

    17. /sarc on

      I’d like to announce the founding of my new pseudo-currency exchange called: Scamazon.scam. The dot-scam extension was created just for sites like ours and we worked tirelessly with InterNIC over the past several years to establish the 4 character extension.

      So today, as we unveil our new site, we invite everyone to come and visit the site for FREE! While you’re there, please create a FREE account (so we can sell your data,..oops, did I say that). With your FREE account you’ll be able to start using our new “Sassafied” section to post your latest scam ideas for sale, absolutely FREE for the first 30 days.

      You’ll also have available at your fingertips, the use of our NEW and FREE to use digital currency called, ShitCoins! The ShitCoin is already being traded on many FOREX using SHT. With your FREE Scamazon account we’ll give you one FREE trade of SHT on the FORESKIN, I mean, FOREX.

      So hurry up and get over to Scamazon.scam NOW for FREE Scams, ShitCoins, SHT trades and a whole lot more fucking in your wallet than you ever expected.

      ********YOU WILL BE REQUIRED TO ENTER 5 CREDIT CARDS INTO OUR SYSTEM UPON SIGNING UP. THE FIRST 30 DAYS ARE FREE, BUT AFTER THAT TIME A CHARGE FROM SCAM ENTERPRISES WILL APPEAR ON ALL YOUR CREDIT CARD STATEMENTS FOR 8 TIMES THE NORMAL AMOUNT TO COVER OUR PROMOTIONAL EXPENSES. WHAT, YOU THOUGHT THIS WAS REALLY FREE? ALSO, ANY TRADES MADE USING OUR SHITCOINS AUTOMATICALLY REQUIRES YOU TO SIGN OVER YOUR HOUSE AND CAR TO SCAM ENTERPRISES. REMEMBER, ANYTHING THAT SOUNDS TO GOOD TO BE TRUE, USUALLY IS. FINALLY, THERE’S A SUCKER BORN EVERY MINUTE. THANK-YOU FOR BEING A SUCKER, NOW GO HAVE SOME ASPARTAME, EAT SOME GMO AND SHUT THE FUCK UP.**********

      /sarc off

      Seriously, what did people really expect from a make believe currency being run through a site that was originally created for Magic the motherfucking Gathering. You shitten me? For fuck’s sake.

      • Them Guys says:

        If Bit coins and gold are so better than us dollars, like gold sellers and bit coin sellers keep saying…Why are they tradeing Gold and bit coins For Your us dollars?

        Also I do not think banksters are whos ruining bit coin systems, since that may turn folks Off to cashless society. Cashless seems to be the main swindle banksters and fed govnt’s are really after as their final form of total citizen control thru their money.

        I think from the Start bit coin owners or inventors Planned to do a huge Heist like this once enough idiots sent their us dollars in for non existing bit cions.

        One things certain. All on MSM tv and stock market TV shows LIE when they all always claim “Well once again $500 Million, or billion…Has simply Disapeard and nobody seems to know where to”…

        It don’t simply disapear folks. If it did there would be far less ceo or bankster types buyong Ferraris for Cash, and Leer Jet Planes or huge boats. No I think everytime this occures it has disapeared INTO some swindlers Pockets. Never disapears into “Thin air” as msm has folks believe.

    18. Satori says:

      Today’s History Lesson
      or
      Things they will NEVER teach you in school

      The First Emancipation Proclamation

      http://www.dailykos.com/story/2007/04/06/320149/-The-First-Emancipation-Proclamation

    19. Mcdave says:

      OK, I admit I’m not a sophisticated investor, but just how are Bitcoins ANY DIFFERANT from FRNs?
      Still bogus money backed by jack shit. FRNs are probably easier to steal in reality, and we know who the theif IS.
      Man,….tangibles, tangibles….
      Uhgggg…

      • PO'd Patriot says:

        Those that bought the bitcoin from Mt. Gox just got a ‘fast screw’ when they turned off the lights and closed the door behind them. The value of the FRN’s have been stolen by what is known as a “slow screw” where as they steal from you through inflation.

    20. To those that got ” GOT ” in this bitcoin scheme.

      REALLY, have you not paid attention to the government and other assholes taking peoples money the last 15 years?!?!?

      I do not feel sorry for dumb asses!!!

    21. AnneMarie says:

      I’m amazed that some people think that digital money floating around out there somewhere in the hazy realm of cyberspace is somehow safer than the paper money that they are afraid of. One click of the mouse – poof, it’s gone!

    22. So, how can they “vaporize” if they never existed to begin with. They were intangibles. Seems like a lot of people were trying to fool themselves.

    23. Agent Provocatour says:

      Someone smarter then me once said-”If you don’t hold it you don’t own it”

    24. John says:

      I’ve been saying it all along.
      If your money is in DIGITAL form, the “Bankster Elite” can steal it very easily.
      Put your savings into “Physical” Gold & Silver.

    25. Mcdave says:

      Off topic;
      Remember when we had NASA, not NSA?
      WTF?

    26. Yep, I bet a lot of people got BIT in this deal

    27. Ted Kennedy says:

      Gold/silver is simple money and doesn’t need politics to value it. It just sits there nicely and says “paid in full”.

    28. rednek101 says:

      The grand experiment called BitCoin. It wasn’t testing to see if cyber money would work. It was to find out how many knuckleheads would buy into this scheme. $473MM worth of knuckleheads apparently.

    29. Dirk Williams says:

      Money for nothing, and your chicks for free. These fucktards got what they deserve.

      Dirk

    30. Waiting in Idaho says:

      Who could have seen this coming (sarc off). If this happens to PMs, at least I can use them cast bullets and shoot those bastards in the ass.

    31. WhoWuddaThunkIt says:

      The Dollar is a “Promissory Note” to pay a Debt.
      A “Bullet” can wipe out all debts in a Nano second. Remember that. Which one would you rather own, when SHTF?

      • rednek101 says:

        @ WhoWuddaThunkIt

        “A “Bullet” can wipe out all debts in a Nano second.”

        This being the case I’m debt free as we speak. In fact…I think I’ll be starting my own bank. Bulletcoin.

    32. European American says:

      An instant “one minute and forty three second” classic

      AIPAC Policy Conference 2014

      http://www.youtube.com/watch?v=KBsePXQmMGI

      • Them Guys says:

        Wow one minit 43 seconds! Damn the AIPAC 2012 Anual meeting only lasted 5 seconds flat!…The aipac keynote Rabbi speaker just told them all…”Screw all the Goyims”. Took Less than 5 seconds for that meeting.

    33. aljamo says:

      Bitcoin, I agree with posseecom, except there are thousands of suckers born every minute, and tens of thousands to take them. On the prior article, no one mentioned the u.s. war on the democratic elected government in Venezuela. The u.s. got rid of Chavez and now want his people popular elected follower gone. Many sites have declared Venezuela holds the greatest oil reserves in the world. The oligarchs want it back in their control, damn the millions of peasants who gained immensly from their elected vote. The media piled against Chavez relentlessly. He privitized the oil to help his people. If you are anywhere in the America’s, north, central or south, the jack booted thugs have that boot planted squarely on your neck. No amount of money will ever be enough to satiate these bastards. How do you get rid of them? It aint going to happen.

    34. bozorg says:

      Mac
      Have you considered publishing a compendium of wit and humor from shtf.plan
      Smokin okie and others could be contributors
      It would be a best seller worth millions of bitcoins

    35. Socrates says:

      Speaking of ‘missing’ money:

      Hunt for the hidden loot:
      Ukraine’s new government looks for missing $20billion in gold as it dries out the secret papers fleeing president threw in the water
      Swiss prosecutor has opened money laundering investigation into ousted Ukrainian president Viktor Yanukovich and his son Oleksander

      They were hurriedly thrown into the water to destroy evidence
      Papers are now being dried out and posted on volunteer website

      PUBLISHED: 06:26 EST, 28 February 2014 | UPDATED: 14:35 EST, 28 February 2014
      Documents recovered from an ornamental lake at the extravagant home of Ukraine’s fugitive president are being dried out in a sauna in a bid to uncover some of the billions of dollars purported to have gone missing under his kleptocratic regime.

      When Viktor Yanukovich fled his sprawling luxury estate in Mezhyhirya, an hours drive from Kiev,
      hundreds of papers were hurriedly thrown into the water to destroy evidence.

      But many were in plastic folders, meaning some documents were still legible and they are now being closely analysed.

      The Organised Crime and Corruption Reporting Project told MailOnline: ‘There are some important stories in the documents that show exactly how the government of Ukraine has been operating.

      ‘I think prosecutors will also find plenty of materials and will investigate money laundering and misuse of government funds.’

      • Satori says:

        what ????

        the government laundering money and misusing funds ???

        oh
        yer talking about the Ukraine

        I thought you were talking about OUR government

        my bad
        silly me !!!

        (sarcasm off)

    36. Anyone want to bet he goes through bankruptcy, does not have to pay any debt and then all of a sudden he owns the same company free and clear again to start over for pennies on the dollar. Back during the first dot com bubble, I had significant funds tied up in an internet company. All of a sudden they declared bankruptcy and the company was sold for less than a penny on the dollar. I wound up loosing it all, but in the end learned a valuable lesson. About six months later the original owner purchased the company back and was selling stocks in the company again. If you don’t have it in your hand, it isn’t yours. I shudder to think what will happen when people start trying to sell their paper shares of gold that someone is supposed to be holding for them.

    37. Satori says:

      Report: Navy Knew USS Ronald Reagan Was Seriously Contaminated By Fukushima

      http://crooksandliars.com/2014/02/report-navy-knew-uss-ronald-reagan-was

      “A stunning new report indicates the U.S. Navy knew that sailors from the nuclear-powered USS Ronald Reagan took major radiation hits from the Fukushima atomic power plant after its meltdowns and explosions nearly three years ago. If true, the revelations cast new light on the $1 billion lawsuit filed by the sailors against Tokyo Electric Power. Many of the sailors are already suffering devastating health impacts, but are being stonewalled by Tepco and the Navy.”

      EVERY time I hear ANYONE from the government use the phrase
      “support the troops”

      I just have to laugh
      and the word BULSH_T comes to mind

      EVERY TIME

    38. Northern Reb says:

      Bitcoin what is it and how can you have a curence with no tangible assets backing it, Opps the U.S. Dollar, I forgot sorry.
      S.T.S.F.P. N.R. N.S N.REB

      • Northern Reb says:

        Well I was thinking the only thing that back the U.S. dollar is our military. OOPPPSS they are cutting military. I think we are going to be in BIG TROUBLE SOON!!!!!!!!!!!
        S.T.S.F.P. N.R. N.S. N.REB

    39. Kulafarmer says:

      Anyone who put their money into that deserved to have it disappear!
      Maroons!

    40. Sgt. Dale says:

      I happy I didn’t get involved with this.
      But I do have some T.P. that the Government hands out.
      I wonder when we will get told that it is nothing more than T.P. now. more than likely pretty soon!
      Get Silver the poor mans gold. If you afford Gold get it but I sure as hell can’t.
      A.S.M.S.
      Sgt.

    41. Be informed says:

      BO issues a “tough” warning to Russia and Putin. Was that with one banana in his one of his hands? I am so throughly disgusted at the coverage of this. They make it like the U.S. is the good guys. The U.S. and NATO have intesigated the whole thing. Now Russia pushed into a corner is the evil ones. Fair is fair. The U.S. is once again at their imperialistic crap that every nation must bow down to king BO and the U.S. no matter what. This includes the good U.S. citizens that must give up all their freedoms. This is crap to the rim.

      I am waiting for some excuse to override the 2nd Amendment. Get ready everyone for this one.

    42. Barn Cat says:

      Perfect example of why you want to diversify your investments. There was one guy I saw on TV who said he lost $300,000 in Bitcoins.

    43. Socrates says:

      I posted this in the older thread, but wanted to include it here as this could very well be a powder keg. Someone remind me NOT to ride the roller coaster ever again. Getting real nauseated with this ride.

      Revealed: The forgotten treaty which could drag the US and UK into WAR with Russia if Putin’s troops intervene in Ukraine

      •The agreement sees signatories promise to protect Ukraine’s borders

      •It was signed by Bill Clinton, John Major, Boris Yeltsin and Leonid Kuchma in 1994
      •Ukrainian parliament has now reached out directly to all the countries who signed the treaty
      •The US and Britain have both made ‘crisis calls’ to President Putin to warn him to respect territorial boundaries
      •NATO also asked Russia not to take action that could escalate tension

      •However Moscow responded by telling the organization to ‘refrain’ from provocative statements on Ukraine and respect its ‘non-bloc’ status

      A treaty signed in 1994 by the US and Britain could pull both countries into a war to protect Ukraine if Putin’s troops intervene.

      Bill Clinton, John Major, Boris Yeltsin and Leonid Kuchma – the then-rulers of the USA, UK, Russia and Ukraine – agreed to the The Budapest Memorandum as part of the denuclearization of former Soviet republics after the dissolution of the Soviet Union

      Technically it means that if Russia has invaded Ukraine then it would be difficult for the US and Britain to avoid going to war.

      Sir Tony Brenton, who served as British Ambassador from 2004 to 2008, said that war could be an option ‘if we do conclude the [Budapest] Memorandum is legally binding.’

      It promises to protect Ukraine’s borders, in return for Ukraine giving up its nuclear weapons.

      Today Kiev has demanded the agreement is activated after insisting their borders had been violated.

      former British Ambassador to Moscow Sir Tony Brenton, who served as British Ambassador from 2004 to 2008, said in an interview that war could be an option ‘if we do conclude the [Budapest] Memorandum is legally binding.’

      +12
      former British Ambassador to Moscow Sir Tony Brenton, who served as British Ambassador from 2004 to 2008, said in an interview that war could be an option ‘if we do conclude the [Budapest] Memorandum is legally binding.’

      In response Mr Brenton said in a BBC radio interview: ‘If indeed this is a Russian invasion of Crimea and if we do conclude the [Budapest] Memorandum is legally binding then it’s very difficult to avoid the conclusion that we’re going to go to war with Russia’.

      Ukraine accused Russia of a ‘military invasion and occupation’, saying Russian troops have taken up positions around a coast guard

      base and two airports on its strategic Crimea peninsula.

      Russia kept silent on the accusations, as the crisis deepened between two of Europe’s largest countries.

      Any Russian military incursion in Crimea would dramatically raise the stakes in Ukraine’s conflict, which saw pro-Russian President Viktor Yanukovych flee last weekend after three months of anti-government protests. Yanukovych vowed Friday at a news conference in Russia to ‘keep fighting for the future of Ukraine,’ though he called any military action ‘unacceptable.’

      Moscow has vowed to protect Russian-speaking Ukrainians in Crimea, where it has a major naval base, and Ukraine and the West have warned Russia to stay away.

      Russia did not confirm its troops were involved in Friday’s action in Crimea, which would be a major escalation.

      In Kiev, Ukraine’s parliament adopted a resolution demanding that Russia halt steps it says are aimed against Ukraine’s sovereignty and territorial integrity, and called for a U.N. Security Council meeting on the crisis.

      • Them Guys says:

        So ins’t usa state dept’s Nuland’s instigating and Funding ukraines protests, and that being a potential threat to russians in crimea etc something that Nulifies a treaty?…One would think so.

        After all if usa signed on to a treaty to protect ukraine, then Knowingly Funds and hires violent protesters and Neo nazi orgs to cause destruction and casue a Coup of elected govnt officials.

        Thats akin to a cop hands You a loaded gun, orders you to shoot it, then he arrests you for shooting a gun in public!…Sounds also same as dope deal set ups…Entrapment type.

        Sounds as if usa fed govnt and state dept with all its zios running things are getting worried Putin aint going to roll over like others they try to destroy.

        They hate putin due to after bolshevik jewdeokommies had control of russia almost 3/4 century, Putin and his crews Bootem them jewdeo kommies and zionists Out of russia or put them in Prison for their many crimes and murders.

        They just cannot stand that they had russia totally, then Lost it ALL!…..Maybe america can boot em next!

    44. eppe says:

      Considering the bankers we are having to deal with, and thier antics, some of these quotes ring true if seen to pertain to them….
      Subject: Dilbert Quote Contest

      > A magazine recently ran a “Dilbert Quotes” contest.
      > They were looking for people to submit quotes from
      > their real life Dilbert-type managers.
      >
      > Here are the finalists:
      >
      > 1. “As of tomorrow, employees will only be able to
      > access the building using individual security cards.
      > Pictures will be taken next Wednesday
      > and employees will receive their cards in two weeks.”
      > (This was the winning
      > quote from Fred Dales at Microsoft Corp. in Redmond,
      > WA.)
      >
      > 2. “What I need is a list of specific unknown problems
      > we will encounter.”
      > (Lykes Lines Shipping)
      >
      > 3. “E-mail is not to be used to pass on information or
      > data. It should be used only for company business.”
      > (Accounting manager, Electric Boat
      > Company)
      >
      > 4. “This project is so important, we can’t let things
      > that are more important interfere with it.”
      > Advertising/Marketing manager, United Parcel
      > Service)
      >
      > 5. “Doing it right is no excuse for not meeting the
      > schedule.”
      >
      > 6. No one will believe you solved this problem in one
      > day! We’ve been working on it for months. Now, go act
      > busy for a few weeks and I’ll
      > let you know when it’s time to tell them.” (R&D
      > supervisor, Minnesota Mining and
      > Manufacturing/3M Corp.)
      >
      > 7. “My boss spent the entire weekend retyping a
      > 25-page proposal that only needed corrections. She
      > claims the disk I gave her was damaged
      > and she couldn’t edit it. The disk I gave her was
      > write-protected.” (CIO of Dell Computers)
      >
      > 8. Quote from the Boss: “Teamwork is a lot of people
      > doing what I say.”
      > (Marketing executive, Citrix Corporation)
      >
      > 9. My sister passed away and her funeral was scheduled
      > for Monday. When I told my Boss, he said she died on
      > purpose so that I would have to
      > miss work on the busiest day of the year. He then
      > asked if we could change her burial to Friday. He
      > said, “That would be better for me.”
      > (Shipping executive, FTD Florists)
      >
      > 10. “We know that communication is a problem, but the
      > company is not going to discuss it with the
      > employees.” (Switching supervisor,
      > AT&T Long Lines Division)
      >
      > 11. We recently received a memo from senior management
      > saying: “This is to inform you that a memo will be
      > issued today regarding the
      > memo mentioned above.” (Microsoft, Legal Affairs
      > Division)
      >
      > 12. One day my Boss asked me to submit a status report
      > to him concerning a project I was working on. I asked
      > him if tomorrow would be
      > soon enough. He said, “If I wanted it tomorrow, I
      > would have waited until tomorrow to ask for it!” (New
      > business manager, Hallmark Greeting
      > Cards.)
      >
      > 13. As director of communications, I was asked to
      > prepare a memo reviewing our company’s training
      > programs and materials. In the body of
      > the memo in one of the sentences I mentioned the
      > “pedagogical approach” used by one of the training
      > manuals. The day after I routed the
      > memo to the executive committee, I was called into the
      > HR director’s office, and told that the executive vice
      > president wanted me out of the
      > building by lunch. When I asked why, I was told that
      > she wouldn’t stand for perverts(pedophiles?)
      > working in her company. Finally, he showed me her copy
      > of the memo, with her demand that I be fired and the
      > word “pedagogical” circled in
      > red.
      >
      > The HR manager was fairly reasonable, and once he
      > looked the word up in his dictionary and made a copy
      > of the definition to send back to her,
      > he told me not to worry. He would take care of it.
      >
      > Two days later, a memo to the entire staff came out
      > directing us that no words that could not be found in
      > the local Sunday newspaper could be
      > used in company memos. A month later, I resigned. In
      > accordance with company policy, I created my
      > resignation memo by pasting words
      > together from the Sunday paper. (Taco Bell)

    45. Satori says:

      *****MERS CoV UPDATE *****

      generally pretty quiet

      but it’s still out there

      Media report says Egypt has its first MERS case

      http://www.cidrap.umn.edu/news-perspective/2014/02/media-report-says-egypt-has-its-first-mers-case

      “If the case is confirmed, Egypt will become the 12th country affected by MERS-CoV. Besides Saudi Arabia, other countries that have reported cases are Jordan, Kuwait, Oman, Qatar, the United Arab Emirates, Tunisia, France, Germany, Italy, and the United Kingdom. The cases in Europe and Tunisia all involved people who had traveled to the Middle East or their contacts.”

      and still with a VERY high fatality rate

      “The WHO’s MERS-CoV tally has reached 184 confirmed cases, 80 of them fatal. The agency has not yet announced two other cases that were reported by Saudi Arabia on Feb 20, in a 58-year-old Al-Ahsa man and an 81-year-old Riyadh woman.”

    46. 21Bravo says:

      This Bitcoin debactle is only the beginning of what is coming down the road at us….

    47. The guy in the know. says:

      Did your ever notice that the banker controlled media always talks about someone “hoarding gold” ….not bitcoins.

      Frankly we all know what groups owns the banks. They have for thousand of years and were mentioned as lenders in the magna carta.

      So…. you’re mostly likely a middle aged white guy reading this site.
      The currency is failing… the best bed is silver.
      They will nationalize gold. again.

      The United States is being brought down.
      So….get ready for survival mode.

      Too many MBA types and not enough plumbers in this world.
      All thieves who have never worked an honest day in their lives.

      Your goal…at old age… many small safes full of silver spread out and kept secret, where only a trusted one or two know of them…or mentioned in your will.

      I will enjoy dating all the babes who are looking for a money man.

      ha

    48. gerard150 says:

      The buzz in D.C. is Hillary Clinton is not a well woman.
      psst,psst, pass the word.

    49. Satori says:

      oh what a tangled web we weave…

      CIA Helped to Train and Support Bin Laden, Ramzi Yousef and Other Top Islamic Terrorists Who Bombed The World Trade Center

      http://www.washingtonsblog.com/2014/03/blowback.html

      blowback has been a bitch !!!

    50. tnrick says:

      To Be Informed…off subject…

      4.9 just popped in the Atlantic… New Madrid time??

    51. Satori says:

      hmmm
      guess all those bio lab precautions ain’t what they’re cracked up to be ???

      CDC: 14 lab workers had orthopoxvirus infections in past decade

      http://www.cidrap.umn.edu/news-perspective/2014/02/cdc-14-lab-workers-had-orthopoxvirus-infections-past-decade

      can anyone say THE STAND ???

    52. Satori says:

      Prepper Tip of the Day

      led lanterns by UST

      http://www.youtube.com/watch?v=5evjvPyuwrs

      http://www.youtube.com/watch?v=t4QJxkHbyQ8

      they make a 30 day lantern as well as a 60 day

      AA lanterns and D cell

      available from Amazon or EBAY

      I have several of these
      great lanterns

      the smaller AA lanterns go for about $20,the 30 day lanterns are about $35 and the 60 day app $55

    53. eppe says:

      The Arrogance of Authority

      A DEA (Drug Enforcement Agency) officer stopped at a ranch in Texas , and talked with an old rancher.
      He told the rancher, “I need to inspect your ranch for illegally grown drugs.”
      The rancher said, “Okay , but don’t go in that field over there…..”, as he pointed out the location.
      The DEA officer verbally exploded saying, ” Mister, I have the authority of the
      Federal Government of the United States of America with me!”
      Reaching into his rear pants pocket, the arrogant officer removed his badge and proudly displayed it to the rancher.
      “See this f*****g badge? This badge means I am allowed to go wherever I wish…. On any land! No questions asked or answers given! Have I made myself clear? …… Do you understand?”
      The rancher then nodded politely, apologized and went about his chores.
      A short time later, the old rancher heard loud screams, looked up, and saw the DEA officer running for his life, being chased by the rancher’s big Santa Gertrudis bull.
      With every step the bull was gaining ground on the officer, and it seemed likely that he’d sure enough get gored before he reached safety. The officer was clearly terrified.
      The rancher threw down his tools, ran to the fence and yelled at the top of his lungs.
      (I just love this part….)
      “Your badge! Show him your f*****g BADGE…….. !”

    54. maudy frickett says:

      Gun show this Sunday in Illinois. DuPage County fairgrounds in Wheaton, Il. Gun show this Saturday and Sunday in Indiana. Crown Point, In. Lake County fairgrounds. Be there or be square.

    55. Satori says:

      Global riot epidemic due to demise of cheap fossil fuels

      http://www.theguardian.com/environment/earth-insight/2014/feb/28/global-riots-protests-end-cheap-fossil-fuels-ukraine-venezuela?

      “If anyone had hoped that the Arab Spring and Occupy protests a few years back were one-off episodes that would soon give way to more stability, they have another thing coming. The hope was that ongoing economic recovery would return to pre-crash levels of growth, alleviating the grievances fueling the fires of civil unrest, stoked by years of recession.

      But this hasn’t happened. And it won’t.”

      things will NEVER be the same

      there is NO recovery

      and there will be NO recovery

      people are slowly waking up to this fact

      and they ain’t happy

    56. Stew Pedaso says:

      It’s too bad no one knew this was going to be a bad idea. Oh wait…I did. And I got all sort of Bullshit for saying so. Just like 401K’s…who’s laughin now.

    57. KEEP-OUT. says:

      i guess i,m one of the smartest man in the world. i new this was going to happen from day one of bitcoins conception. only a FOOl would have put trust in such a retarded idea. and as once again the sheeple and masses did.

    58. rednek101 says:

      How can you declare bankruptcy on money that doesn’t exist or is not backed by a gov? If i’m the sitting judge I would look at this pinhead and ask “what the hell is a bitcoin and how do i value it?” “$473MM, says who?” Just a thought…

    59. Jack Hammer says:

      Stick with real, tangible assets such as gold, silver, platinum, paladium and of course guns, ammo and food! I’ve been buying silver for years now and I still have it. It hasn’t “disappeared”!

      Get ready for the coming collapse of the world economy. SOON!

    60. surprise.. surprise..

     
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