Author Topic: Bitcoin and the Rebirth of Financial Safe Havens  (Read 3582 times)

MoneyBags

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Bitcoin and the Rebirth of Financial Safe Havens
« on: April 19, 2013, 12:06:10 AM »
Like never before, financial privacy and safe havens are under attack the world over.

Banks and even entire jurisdictions are feverishly responding to increased government scrutiny from the world's monetary power centers in the name of exposing political corruption, combating terrorism, and preventing tax evasion.

Full financial transparency is the new mantra and it's being invoked in the name of social justice. The International Consortium of Investigative Journalists recently released "Secrecy for Sale: Inside the Global Offshore Money Maze," a report that focuses on "exposing hidden dealings of politicians, con men and the mega-rich."

But why are private individuals lumped together with politicians who choose to be public figures representing the interests of their constituencies? Should private individuals and political figures be treated in the same manner regarding financial privacy?

Attorney Jenice Malecki of Malecki Law told me: "No, they should not. When you become a political figure, you agree to give up some of your privacy rights. You also need to be more transparent, so people know who you really are, whether they should believe what you say."

Politicians who do not voluntarily submit to monitoring of their financial activities will not be trusted.

"Private individuals should have more privacy, as they have not placed themselves into the political arena. They have not agreed to give up their privacy," adds Malecki. However, she also concedes that when it comes to offshore numbered accounts, "it does seem that banking secrecy is eroding through internet research. Slowly, but surely, banks are releasing information for governmental investigations."

Violations of everything from know-your-customer rules to the Foreign Account Tax Compliance Act  can all be loosely categorized as the politically incorrect crime of money laundering. But as the investor and author Doug Casey says, "it's a completely artificial crime. It wasn’t even heard of 20 years ago, because the 'crime' didn’t exist." Moving money around was simply called banking. Furthermore, Casey says, "The war on drugs may be where 'money laundering' originated as a crime, but today it has a lot more to do with something infinitely more important to the state: the War on Tax Evasion."
« Last Edit: January 01, 1970, 01:00:00 AM by Guest »

mayrick

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Re: Bitcoin and the Rebirth of Financial Safe Havens
« Reply #1 on: April 26, 2013, 06:01:33 PM »
Hi  MoneyBags,

In one of the most bizarre phenomenon in the Bitcoin forms this week, a mysterious user virtual currency briefly started distributing advice worth thousands of dollars to strangers.  :D
« Last Edit: January 01, 1970, 01:00:00 AM by Guest »

queshadesta

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Re: Bitcoin and the Rebirth of Financial Safe Havens
« Reply #2 on: May 04, 2013, 08:48:23 PM »
I also saw a module in Prestashop to accept this "currency" but I do not quite understand what it was for and especially how it was turned into real money.
« Last Edit: January 01, 1970, 01:00:00 AM by Guest »

andyreynolds

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Bitcoin and the Rebirth of Financial Safe Havens
« Reply #3 on: August 14, 2013, 09:59:28 PM »
it's not necessary think how it was turned into real money, if the money is in the internet is as real as at the real world.

andyreynolds

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Re: Bitcoin and the Rebirth of Financial Safe Havens
« Reply #4 on: August 30, 2013, 06:32:48 PM »
The internet is real life, so the money is there, and is saved in accounts, virtual accounts, also calls e-currency, "digital currency" are other ways

andyreynolds

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Re: Bitcoin and the Rebirth of Financial Safe Havens
« Reply #5 on: September 03, 2013, 05:51:33 PM »
Debemos aceptar y reconocer que hay nuevas alternativas que dia a dia se desarrollan con el unico objetivo de darnos mayor comodidad, se llama calidad, digital currencies como swiftcoin garantiza mucho de eso

andyreynolds

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Re: Bitcoin and the Rebirth of Financial Safe Havens
« Reply #6 on: September 04, 2013, 08:37:41 PM »
Yo he podido encontrar excelentes salidas en estas nuevas alternativas que nos ofrecen las plataformas de digital currencies como bitcoin y swiftcoin

andyreynolds

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Re: Bitcoin and the Rebirth of Financial Safe Havens
« Reply #7 on: September 05, 2013, 06:34:17 PM »
Si estos sistemas mas que ser buenos resultan siendo milagrosos, hay que seguirlos apoyando y empezar a ver los beneficios que se obtienen, (bitcoin y swiftcoin van pa arriba)

andyreynolds

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Re: Bitcoin and the Rebirth of Financial Safe Havens
« Reply #8 on: September 10, 2013, 12:22:07 AM »
Emoney como bitcoin le dan un nuevo sentido, a las inversion en la red y la forma en que se trabaja es excelente

mayrick

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Re: Bitcoin and the Rebirth of Financial Safe Havens
« Reply #9 on: September 25, 2013, 02:27:23 AM »
Platforms like Bitcoin are so safe and easy to use. Highly recommended! :P