Visa Says You Can Buy Almost Anything, Except Crypto Currencies

The news this week is that several banks in the USA and the UK have banned the use of credit cards to purchase crypto currencies (CC’s). The stated reasons are impossible to believe – like trying to curtail money laundering, gambling, and protecting the retail investor from excessive risk. Interestingly, the banks will allow debit card purchases, making it clear that the only risks being protected are their own.

With a credit card you can gamble at a casino, buy guns, drugs, alcohol, pornography, everything and anything you desire, but some banks and credit card companies want to prohibit you from using their facilities to purchase crypto currencies? There must be some believable reasons, and they are NOT the reasons stated.

One thing that banks are afraid of is how difficult it would be to confiscate CC holdings when the credit card holder defaults on payment. It would be much more difficult than re-possessing a house or a car. A crypto wallet’s private keys can be put on a memory stick or a piece of paper and easily removed from the country, with little or no trace of its whereabouts. There can be a high value in some crypto wallets, and the credit card debt may never be repaid, leading to a declaration of bankruptcy and a significant loss for the bank. The wallet still contains the crypto currency, and the owner can later access the private keys and use a local CC Exchange in a foreign country to convert and pocket the money. A nefarious scenario indeed.

We are certainly not advocating this kind of unlawful behavior, but the banks are aware of the possibility and some of them want to shut it down. This can’t happen with debit cards as the banks are never out-of-pocket – the money comes out of your account immediately, and only if there is enough of your money there to start with. We struggle to find any honesty in the bank’s story about curtailing gambling and risk taking. It’s interesting that Canadian banks are not jumping on this bandwagon, perhaps realizing that the stated reasons for doing so are bogus. The fallout from these actions is that investors and consumers are now aware that credit card companies and banks really do have the ability to restrict what you can purchase with their credit card. This is not how they advertise their cards, and it is likely a surprise to most users, who are quite used to deciding for themselves what they will purchase, especially from CC Exchanges and all the other merchants who have established Merchant Agreements with these banks. The Exchanges have done nothing wrong – neither have you – but fear and greed in the banking industry is causing strange things to happen. This further illustrates the degree to which the banking industry feels threatened by Crypto Currencies.

At this point there is little cooperation, trust, or understanding between the fiat money world and the CC world. The CC world has no central controlling body where regulations can be implemented across the board, and that leaves each country around the world trying to figure out what to do. China has decided to ban CC’s, Singapore and Japan embrace them, and many other countries are still scratching their heads. What they have in common is that they want to collect taxes on CC investment profits. This is not too unlike the early days of digital music, with the internet facilitating the unfettered proliferation and distribution of unlicensed music. Digital music licensing schemes were eventually developed and accepted, as listeners were OK with paying a little something for their music, rather than endless pirating, and the music industry (artists, producers, record companies) were OK with reasonable licensing fees rather than nothing. Can there be compromise in the future of fiat and digital currencies? As people around the world get more fed up with outrageous bank profits and bank overreach into their lives, there is hope that consumers will be regarded with respect and not be forever saddled with high costs and unwarranted restrictions.

Crypto Currencies and Blockchain technology increase the pressure around the globe to make a reasonable compromise happen – – this is a game changer.

Stay tuned!

Bet365 Review

Bet365 is one of the big dogs in the Online Sports Betting industry. The company has more than one thousand employees and processes more than four hundred thousand bets every week, from customers in over 200 different countries.

The company was formed when two separate companies, Black House Racing and Provincial Racing merged into the one company. Since that time the company has been known as Bet365

Main Features of Bet365

I have highlighted the points below as I find them to be the most important why comparing this sports betting agency with others like it.

  • This agency is a bookmaker
  • Their licence is issued and held in the UK
  • Betting options include Sports, Racing, Poker and Casino
  • They do have live betting
  • There is a 25c minimum bet
  • They accept deposit options of Direct debt, Credit card, Moneybookers, POLi, UKcash, Entropay, Wire transfer, Bank transfer and cheque
  • Currencies from the following countries are accepted; United Kingdom, United States of America, Australia, Canada, Europe, China, Malaysia, Singapore and Thailand

More about Bet365

As mentioned, this bookmaker is a big company. It’s been around for a very long time and is an innovator in their industry. They offer live video streaming of various sports events which makes it very entertaining to bet live.

The reason why Bet365 are so popular is to do with the website being accessible in 14 different languages and includes a massive range of payment deposit and withdrawal. They have been around for a very long time and market themselves quite heavily in the United Kingdom.

Bet365 Promotional Code

With bet365 being a market leader they are often releasing promotional codes so that new members get a really great deal to sign up with.

I only recommend signing up to a sports betting agency during times when they have promotions as the rewards are so big. The Betwiser website below also has the latest in promotional codes, so make sure you constantly checking it if you’re not already a member.

Gambling – A Tryst With Lady Luck

A mother had finished dressing up her 2 daughters for school by 5 in the morning. After this, she’ll head for the casino for a dose of some gambling activity.

Does it sound like a too absurd to be real situation? Think again

Today, gambling looks like a day to day activity that people overlook too easily. But, they do not realize the potential harm being caused to their lives due to gambling.

Usually, gambling also known as betting is a type of game that involves valuables and money being put at risk. All the valuables or money are at a risk as the chances of wining is really low or is completely dependent on chance. But, you can always use some kind of evil ways to win, but still you can never be completely sure of winning the game.

Gambling are of many forms: 1 of the types is beatable while the other is unbeatable.

The games that can easily be trampled hence creating a numerical positive probability through use of strategy are called as beatable games. A few of them are poker, although it can be classified as game requiring skill; Pai Gow poker, Tiles, video poker, slot machines, horse racing, sports bets.

If none of the strategies in the game helps the player to win the game, then it becomes an unbeatable game. Some common examples on these types are baccarat, roulette, keno, slot machines, craps, casino war, pachinko, faro, 3card poker, 4 card poker, pyramid poker, red dog, Spanish 21, Caribbean stud poker.

Both unbeatable gambling and beatable gambling can be found at the casinos. There are still many more gambling games that aren’t being played in the casinos like mahjong, backgammon, lottery, coin tossing games like head and tail, a few carnival games such as Hanky Pank and The Razzle.

Another type of gambling game is the fixed odds gambling which can be seen in events such as football, hors racing, tennis, baseball, golf and many other sports that entice hundreds of people on betting on the winning team.

Still the same, these are all different types of gambling which does not have a chance of having continuous wins.

In gambling, the people generally try to get back what and all they lost during the course of the game. A few people continue to play the game having a belief that they shouldn’t cut the monotony of their luck. By doing this, they keep betting and end up placing them selves at a risk of having a loss rather than a gain.

Many people who play gambling claim that they play just for pleasure or for a recreation. Many others say that they play it to earn some money and gambling is a really easy way to do earn money.

Since gambling involves a lot of types of mental activity, along with stress and mentality of winner, it is possible to become addicted to the game. In the future, it may affect the person who is involved in the game of gambling.

With all these psychedelic effects due to gambling, a few people even engage in betting whether a statement is false or true, or whether an event will take place at a particular time with another person. This happens generally on situations where 2 people debate against each other with strong views against each other. Generally, The 2 people place bets for money or for fun just to make their point on a certain issue.

Due to the bad effects of gambling, many legal jurisdictions decide not to legalize the gambling activities. Due to this, all contracts that have led to debts because of any gambling activity are taken as unenforceable by law.

This is the reason gambling is a risky activity. People who gamble merely do not understand the harm of gambling to them.

As told, never put good money just after bad money. If by any chance you are involved in gambling, stop immediately to avid any loss on your side.

A New Paradigm For the 21st Century – The Power of Love Vs The Love of Power

It is increasingly clear that the old paradigm of money and greed has led us to the brink of World Financial Failure. There is no escaping the daily drumbeat of bad news concerning foreclosures, layoffs, bankruptcies, health care problems, educational inadequacies, and a host of other failing systems. As I am writing this article, these headlines appeared: “World stock markets plunged Friday on news that a multi-billion dollar deal to bail out Detroit car manufacturers had failed. The Bush White House is now considering using the $700 billion for the financial industry to assist US automakers.” Well, we are saving companies like AIG who have 10 billion dollars in “derivatives” debt, which is akin to gambling, yet we aren’t willing to save millions of jobs for hard-working Americans? The priorities of the last half-century have been totally skewed towards the moneymakers; big business and the military industrial complex. In addition, terrorism has become a household fear across the nation and the planet. There is no turning back the clock to happier, less complicated times. We MUST develop a new strategy, a new paradigm, to continue life on this Earth.

How do we accomplish such a feat? The United States has elected its best hope, in my opinion, for this next-to-impossible task. As President-Elect Barack Obama admits, he is not perfect and will make mistakes, but he is dedicated to seeking out the best people to help guide him in making the most efficient and reliable changes to our economy, infrastructure and social-political systems. Indeed his announcements for crucial cabinet positions include some of the brightest and most successful leaders in their fields. All of them have shown the ability to “think outside the box” and formulate “new” ways to approach our massive problems. What is striking is the collection of “rivals” Team Obama has assembled. Clearly he intends to have vigorous discussions about all areas of government and governing before making decisions. What is not clear is if he truly understands the deep-seated reasons for the World’s woes.

The developed World has been operating in the Love of Power mode since the beginning of time. Everything nations have done since recorded history has been to further monetary systems that benefit the rich and powerful and ignore the poor and helpless. Our capitalistic “free market” system has produced societies totally reliant on profits and growth. When no growth occurs, as is our current situation, then profits cease also. When this is compounded by our “fractional reserve banking system” where banks are only required to keep 10% of their reserves in cash, and regulation of these banks and lending practices is minimal, we experience downturns, or recessions, as the Federal Reserve Bank likes to call them. Regulation has been so poor, and over speculation so high in the real estate markets, derivatives and so forth, that we now are seeing a domino effect of crumbling and bankrupt banking institutions and corporations on a global level.

In my opinion, there is no way out of this World catastrophe unless we shake up our consciousness and open our eyes to the destructive nature of Power for Power’s sake. Baron Acton (1834-1902), the historian and moralist, who was otherwise known simply as Lord Acton, expressed this opinion in a letter to Bishop Mandell Creighton in 1887:

    “Power tends to corrupt, and absolute power corrupts absolutely. Great men are almost always bad men.”

The Powers that Be are saturated in a long history of a few families controlling the finances of Nations. These would be the Rothchilds, Carnegies, Rockefellers, Vanderbilts, Warburgs, the Royal Family, etc. For over three hundred years these families have held the reins of money and power – pushing for the Federal Reserve Bank Act in this country, the National Bank of England, and similar privately-held “National” banks around the World. 

Thomas Jefferson wrote:

“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks…will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered…. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs…. The modern theory of the perpetuation of debt has drenched the earth with blood, and crushed its inhabitants under burdens ever accumulating.”

James Madison said:

“History records that the moneychangers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance.”

These quotes are taken from a very informative site called The Money Masters. This concerned citizen has spoken of it before, and will again, until enough people wake up to the truth of our situation.

We need a Change in Consciousness, to the Power of Love, not the Love of Power. Until humans can embrace all life as precious, and can develop compassion, tolerance, respect for the environment, and a deep commitment to World Peace, I’m afraid the Earth’s inhabitants will continue suffering at massive levels, and our technology will not be used to benefit the whole of society instead of just the wealthy few. We have the technology and resources to change our future – but do we have the will? I say we are seeing a Big Shift in thinking, and are getting closer to this idealistic and necessary philosophy. “The Times they are a Changin’,” that is certain. May we all recognize our plight, get informed, help others, get rid of the controlling families and systems and begin a new era of hope and restructuring. It is a huge undertaking, but like the saying goes, “A journey of a thousand miles begins with a single step.” Lao-Tzu.