Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
by Bjinse on Mon Sep 18th, 2017 at 08:46:20 PM EST
JPMorgan handles bitcoin-related trades for clients despite CEO warning

contracts -> securities

Like other Wall Street banks, JPMorgan acts as an agent for buyers and sellers of Bitcoin XBT, an exchange-traded note [ETC] designed to track the value of the crypto currency.

shade of the subaltern
JPMorgan's relationship with Bitcoin XBT came into question over the weekend when the financial blog Zerohedge asked why the bank was involved with the trading after Chief Executive Jamie Dimon called bitcoin a fraud and said he would fire anyone at the bank who trades it.

money function
Bitcoin is a digital currency that enables individuals to transfer value to each other and pay for goods and services outside [Sic] of the regulated financial system.

Because it is not backed by any government and has been tied to crimes, including money laundering, hacking and drug trafficking, most financial institutions have stayed away from dealing in bitcoin.

archived: Always read the footnotes

Diversity is the key to economic and political evolution.

by Cat on Tue Sep 19th, 2017 at 01:09:28 PM EST
[ Parent ]
they're ignoring Dimon because there's money in it, a LOT of money. I bet HSBC CEO said something about laudnering drug cartel proceeds, but they still set up a separate division to deal with the mountain of money.

As for it being a front for crime and fraud, well that just makes bankster standard MO more overt, not different

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Tue Sep 19th, 2017 at 02:28:33 PM EST
[ Parent ]
by Cat on Tue Sep 19th, 2017 at 03:31:22 PM EST
[ Parent ]
The Empire Strikes Back with a Coordinated War on Crypto
It's not a battle between business and government. It's a battle between the centralized empires of the world and a decentralized rebel alliance of every day people, an eternal battle.

And it's not just a battle.

It's a war.


"free-range capital is the foil for law and order and a reliable protagonist in social media pulp fiction." 2017

"Bitcoin, like all great fantasies, has a compelling creation myth ..." 2014

"And the epitome of nonsense: How much power do we spend to make Bitcoins? ..." 2013

Diversity is the key to economic and political evolution.

by Cat on Wed Sep 20th, 2017 at 04:22:57 PM EST
[ Parent ]
Juncker criticises lack of solidarity with Africa
"Solidarity cannot be exclusively intra-European," European Commission President Jean-Claude Juncker said in his State of the Union address to the European Parliament in Strasbourg [#SOTEU].

Ansip: In digital, we are equal partners with Africa
"'You can make miracles in Africa by investing small amounts of money in digitalisation', said Ansip."

The EU's militarisation of development aid
"For the first time, it will be possible to use it for military purposes, especially in African countries plagued by instability."

Report: EU capacity to promote `values' in the developing world declining
"a result of "trade-offs" between the Union's self-interest in the context of the refugee crisis and founding principles of poverty eradication and partnership with the ACP countries."

Yash Tandon | Revival of the ACP group to negotiate with the EU: Hopes & Challenges

On 3 April 2017, the secretariat of 79 countries from ACP (Africa, the Caribbean and the Pacific) issued a statement saying they would "speak with one voice" to negotiate the Economic Partnership Agreement (EPA) with the European Union (EU).

This is an exciting development.  In this piece I think through some of the critical issues, and possible strategy and tactics to help bring this promise of ACP unity to fruition.

Why Europe is desperate to sign EPA?

Diversity is the key to economic and political evolution.
by Cat on Tue Sep 19th, 2017 at 02:50:43 PM EST
[ Parent ]
The Independent
According to Mr Morgan's Daily Mail column, he had been seated at the same table as Mr Bellerin, and earlier in the evening had been talking to him about Arsenal's recent run of poor form.

He wrote: "Later, fellow Arsenal fan Jeremy Corbyn came over to speak to him. When I tried to interrupt, the Labour leader - whose wife is Mexican - promptly switched to fluent Spanish to shut me out of the conversation."


Jeremy Corbyn has responded to Piers Morgan's claim that he was deliberately "shut out" of a conversation with Spanish Arsenal full back Hector Bellerin when the Labour leader deliberately switched into Spanish, by tweeting at both men, in Spanish.

Mr Bellerin had told Piers Morgan to "calm down mate" over the claim in his column. Mr Corbyn replied ,saying: "Fue un placer conocerte.Es mejor que no le digamos de lo que estabamos hablando, no lo entenderia. Muy buen juego en el partido el domingo."

by gk (gk (gk quattro due due sette @gmail.com)) on Tue Sep 19th, 2017 at 03:39:44 PM EST
[ Parent ]
A reverse-endorsement from that insufferable apology for an interviewer should be a tidy vote-getter.

Nice bit of ju-jitsu, Jezz.

'Being shut out of the conversation' = 'not letting me dominate it with pompous prattery'.

Tears for Piers.  

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty

by melo (melometa4(at)gmail.com) on Wed Sep 20th, 2017 at 07:17:12 AM EST
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