www.zerohedge.com

This year, Iceland will become the first European country that hit crisis in 2008 to beat its pre-crisis peak of economic output. In spite of its total 180-degree treatment of nefarious bankers, the banking system, and the people of its nation when compared to America (or The UK), Iceland has proved that there is a different (better) option that western dogma would suggest. As abhorrent as this prospect is to the mainstream's talking heads and Keynesian Klowns who bloviate wildly on macro-economics and endless counterfactuals, Iceland came to that fork in the road, and took it...

To remind you, this is what irritated you in the Sarao document: '... Defendants used the Layering Algorithm to place hundreds of orders for tens of thousands of contracts that were modified thousands of times and eventually canceled over 99% without ever resulting in a trade.' As you can see the vast, vast majority of ES contracts just before lunch today was cancelled without ever resulting in a single trade. And, we are confident, since Mr. Sarao is currently either in custody or on bail, without access to the internet, one can't blame today's massive E-mini spoofing on the flash crashing mastermind. Since we are confident you intend to root out this evil market scourge at the root, we are also providing you with examples of spoofing in oil, in US Treasurys, and in gold. Finally, since like you we are confident the investing public's faith in the broken market must be restored at all costs, we will make this article into a daily feature showing every single day the hundreds of thousands of spoofed ES contracts, openly "manipulating" (in your own words), the so-called market. We will stop once you, dear CFTC, have rooted out all the spoofing, all the momentum ignition, all the sub-pennying, all the quote stuffing. In short - the endless manipulation. Now, go get 'em! P.S. if you are unsure who the spoofer is, call us - we will be delighted to tell you: we don't even want the whistleblower award. - Tyler Durden, Zero Hedge

The cryptocurrency industry has been abuzz ever since Wired published an article entitled "Overstock's Radical Plan to Reinvent the Stock Market With Bitcoin." 

• How might a public company go about issuing a cryptosecurity?
• Do any of the existing technologies offer a ready-to-go solution with which a public company could list a new cryptosecurity? 
• How to Legally Issue a Cryptosecurity
• Better Market Algorithms
• Eliminating Fractional Reserves

BitShares X will resolve the problems arising from fractional reserve banking, naked shorting, and high-frequency trading manipulation.

[Full Article]

 Update: closing trade on pair FTC\BTC was a mistake. We will not close FTC\BTC.

Something is Fishy with the Silk Road "Seizure"

plaxant.com

Is the Silk Road seizure real.

The 9/11 Fed Cash Flows Mystery

Markets are being manipulated! You already knew that. But when it makes the top fold of the Old Grey Lady, it must really be egregious. An investigation by the the New York Times reveals that Goldman Sachs has been manipulating the aluminum market for years. Coca Cola and other end users have complained that waiting times for shipments have gone from weeks to months. In the meantime, our Goldman friends charge needless storage fees. And the same shenanigans exist in copper and crude oil thanks to Jamie Dimon's JP Morgan. We'll be covering this story in depth this week. Today, we expose another mysterious event with a former Federal Reserve economist. He was fired from the Fed for exposing billions in suspicious cash transfers just prior to 9/11. And Perianne digs into the fine print of gold to educate our beloved Chairman about that which he admitted before Congress he knows nothing. Never mind his New York Fed holds gold bars on behalf of other countries -- so Germany thinks. And, the saga in Detroit continues. Mayor Bing basically pleaded for a Federal bailout, citing the beneficial moral hazard this would engender for other struggling cities. Just, and we quote: "not yet." Let them eat bonds! We're no Marie Antoinette, but it when it comes to haircuts or guillotines, we choose the former. Bob duels Detroit native and Breaking the Set Producer, Ameera David on this very issue. Finally, according to the government's latest calculations on who's buying and holding its own debt, foreign holders have slowed down purchases to the lowest rate since 2006. They now own less than 50% of Treasury's. As long as the Fed keeps buying -- no problem. Except all this talk of tapering means the Fed wants to exit the market. Oh, and speaking of those $85 billion per month purchases by the Fed, guess where that printed money is going? Hint: mostly to foreign banks. You won't want to miss Justine Underhill's expose of this.