In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
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.
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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.
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The major reason for the ruble collapse is falling oil prices; economists surveyed by Bloomberg believe that there is now a 75% chance of recession in Russian next year. The currency situation indicates that it has already begun.
Read MoreMomo is free to use, but it also sells digital content, such as apps and advertising. It also offers users a premium subscription service and accounts for business customers. Momo claims to have 180.3 million users, 25.5 million of whom supposedly use it every day. Momo also claims it made $13.9 million in revenue in the first half of 2013, most of which came from 2.3 million membership subscriptions.
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