America’s Debt Crisis Could Be Worse than That in Greece

Now for a truly frightening fact they are not telling you: The U.S. government itself is currently underwriting a large portion of that debt. Manuel estimated that around $4.6 trillion, or a little over 25%, of the national debt is in the form of intergovernmental holdings; that is, it is owed by one government agency to another.

Read more

Greek Crisis Shows Limitations and Possibilities of Online Payment Solutions

It looks like Greeks are following the lead of Argentines, who already use Bitcoin to get around their nation’s cumbersome banking restrictions. If the drachma returns, it won’t be long before black money launderers that specialize in converting cash into Bitcoin start flourishing in Greece.

Read more

What You Should Know about Greece

Bitcoin is a real wild card here because it gives Greeks a practical alternative to both the Euro and whatever paper their government might try to foist upon them.

Read more