Stock markets in the United States closed out their worst initial 5 day performance in history to open 2016 (archived). The Dow Jones Industrial average after going up 137 points to recover some losses from earlier in the week closed down 167. The collapsing price of US stocks follows China's extreme measures, oil struggling to stay above 30 United States dollars a barrel, and a year in which a 5% loss in value made lead the highest performing metal of the year. It appears the stock market Ponzi is beginning to deflate following bouts of pronounced pain last year, and further suggests diminishing actual economic activity in these fiat markets. For what it's worth the publicly reported prices of Bitcoin at various fiat/Bitcoin interfaces is up marginally this week over the end of 2015.
Monthly Archives: January 2016
Deputy Arrested For Dropbox Child Porn
Greene County Missouri Sheriff's deputy Juan T. Jones was arrested Wednesday for possessing child pornography on his account with cloud storage provider Dropbox (archived). Jones reportedly admitted to spending at least the last 10 years viewing and exchanging child pornography online while only spending the past two years as a Sheriff's Deputy in Greene County. This means that the Sheriff's department hired a man who already had been viewing child pornography for 8 years by the time he became a deputy. "Law enforcement" seems to be a disturbingly popular career field for pedophiles.
Iran Announces Hajj Ban
In the wake of escalating tensions between Saudi Arabia and Iran, the Iranian government has announced it is forbidding its citizens from undertaking the Hajj, a pilgrimage to the the cities of Mecca and Medina and obligatory religious duty in Islam. This measure illustrates that states can and do impede their citizen's right to exercise their conscience even when their government was nominally established as an expression of that conscience.
China Continues Forcing Stockholders To HODL
Reports are emerging that China's stock market regulators will continue to ban stock holders possessing more than 5% of a companies shares from selling (archived). The measure which appears intended to prevent actual market valuation of securities deprives the most significant investors in companies of their ability to reclaim value they put in while there is still value to save. As the global fiat system continues to decline expect more national market regulators to take extreme measures like this in order force disproportionate loss on the system's most critical private investors. Sorry for your loss.
DPRK Successfully Tests Hydrogen Bomb
The Democratic People's Republic of Best Korea is reporting their successful test of a thermonuclear weapon following an 4.9 to 5.1 magnitude earthquake originating from a shallow depth at one of Best Korea's known nuclear testing sites (archived). North Korea tested their first nuclear weapon on October 9th, 2006 to alleviate doubts expressed by diplomats from other nations about their nuclear weapons status. A successful thermonuclear weapons test means that Best Korea has transitioned from an entry level membership in the Nuclear Club to a Diamond Level Nuclear Club membership.
US Doctors To Move From Stitching To Snitching On President's Orders
Twitter Suspends Oregon Hero's Account
Twitter today suspended the account of Ammon Bundy, a member of the militia which liberated a portion of Oregon from Federal Forces. No explanation is available from Twitter as to why they are denying Bundy use of their platform (archived). Twitter has made it clear in the past that it would rather please the arthritic establishment than offer the future any quarter on its closed platform. Now matter how much various Silicon Valley properties say they value freedom of speech on their platforms, they continue to exclude actual dissidents with speech worth protecting.
Man Driven Into Historic Flood Waters By Missouri Police Dead
Rickey Lerma died after being driven into the flooded St Francis River by police pursuing him (archived). Lerma was parked in a driveway when "law enforcement" officers initiated Lerma's last flight from police violence.
Candidates In US Denounce Oregon Liberators
United States Presidential candidates are denouncing this weekend's liberation in Oregon by valiant militia forces (archived). Members of the United State's other socialist political party including Ted Cruz, Marco Rubio, John Kasich, and even Rand Paul expressed regret over the event. Continue reading
Radeon Refresh Gets Shrink To 14 nm
In what would have been Bitcoin mining news during the ancient stretch from summer 2010 and to the close of 2012, AMD's next refresh of their Radeon graphics cards will include a process shrink from 28 nm to 14 nm (archived). The new parts are set to arrive in the Summer of 2016 placing their availability within a few months of the next Bitcoin subsidy halving, if current trends in Bitcoin network difficulty continue.