The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
The crypto world is vast, and you need to be skilled to navigate the various fields efficiently. For instance, you need to comprehend how you can buy Bitcoin with cash. This will help you increase your investments in Bitcoin or enhance your crypto trade. You will also have enough privacy since there are no middlemen or banks involved.
Continue reading A Comprehensive Guide to Help You Buy Bitcoin with Cash Safely
file photo by Boyd Loving
the staff of the Ridgewood blog
Washington DC, in a recent development, the start of the bribery trial involving New Jersey Senator Bob Menendez has been postponed by a week, shifting from May 6 to May 13. The decision came after attorneys on both sides agreed that the additional time would facilitate trial preparation efforts.
Continue reading Delay in Sen. Bob Menendez’s Bribery Trial: What You Need to Know
January 13,2018
the staff of the Ridgewood blog
Ridgewood NJ, since the first of the year Bank of America has instituted a series of new policies . One that is particularly disruptive is that you are no longer able to deposit cash in someone else’s account . Those of you with older relatives understand the issue .The old folks sometimes need a little extra cash for issues that arise .
According to a bank representative the bank has been inundated with money laundering and fraud . Many even point to the cryptocurrency movement and Bitcoin as the culprit .
Its funny because several years ago the “coin boy” in Ridgewood toted out of Village Hall over 50 lbs a day worth of quarters and cashed them in at local banks and no one knows anything . So the “coin boy ” could effectively steal close to $1million dollars , yet the writer of this article can not put $500 bucks into his elderly mothers account . The irony was not lost on the bank representative .
So yesterday , I had a day off and “mom” hit me up for $600 , I had to take her with me in the car , there was a line at the ATM machine ,that took 25 minutes and then with only one car in front of us on the drive thru line it took another 45 minutes . By the time I got her home it was a little after 1pm and we had left at 10am . Yuup you herd me 3 hours to make a deposit .
While many curse the creep of Economic totalitarianism , for others its is inching forward at a slow enough rate that people aren’t noticing it.
In the 1960s, you could carry whatever money you wanted in cash on planes, buy houses and cars with cash, or deposit it with no worries.
In the 1970s, $10,000 (then worth $62,000+ in today’s dollars) became the number. Inflation made that number worth less and less without the government needing to change the law.
The US government now requires banks to report transactions as small as $1000 to $2000 if they are “suspicious.”
Then you look at cash seizures. It used to be that cash was only seized from big time criminals. Now half of seizures in Washington D.C. are less than $150. People are getting pulled over and the police will seize $20.
Now Bank of America and Chase need to see ID to process $50 cash deposits.
Imagine 10 years from now. I wouldn’t be surprised if cash is banned entirely in at least one country.
New Iranian television footage shows stacks of cash
BY: Adam Kredo
August 5, 2016 11:50 am
Iranian television has broadcast what some say is purported footage of the $400 million pallets of cash that officials claim was part of the “expensive price” paid by the Obama administration to free several U.S. hostages.
The footage, which could not be independently verified, shows images of large stacks of hard currency and features claims that the Obama administration sent this money over as part of an effort to free several U.S. hostages. The White House vehemently denied these claims this week following new reports about the cash exchange.
BBC Persian reporter Hadi Nili posted the footage on Twitter, describing it as showing the “pallets of cash” and quoting officials as saying “this was just part of the ‘expensive price’ to release Americans.”
Lu Wang
December 28, 2015 — 12:00 AM ESTUpdated on December 28, 2015 — 10:32 AM EST
It’s the worst year for asset allocation funds since 1937
A 2.2% gain in the S&P 500 is roughly the best anyone could do
The idea behind asset allocation is simple: when one market struggles, it’s OK because an investor can jump into another that is thriving. Not so in 2015.
In fact, if you judge the past year by which U.S. investment class generated the largest return, a case can be made it was the worst for asset-allocating bulls in almost 80 years, according to data compiled by Bianco Research LLC and Bloomberg. With three days left in 2015, the Standard & Poor’s 500 Index gained 2.2 percent with dividends, cash is up less, while bonds and commodities show losses.
After embracing everything from Treasuries to high-yield bonds and technology shares amid seven years of zero-percent interest rates, investors found themselves with nowhere to run at a time when the Federal Reserve’s campaign of stimulus drew to an end. Normally it isn’t like this. Since 1995, practically every year has seen some asset deliver returns exceeding 10 percent.
“It’s been challenging from the point of view that the equity market and bond market are probably more joined at the hip than normal,” said Hayes Miller, the Boston-based head of multi-asset North America who helps oversee $35.8 billion for Baring Asset Management LLC. “We’ve had high cash exposure relative to norm because we felt cash provides one of the only good diversifiers against the risk-off trade.”
Bianco Research keeps track of the S&P 500, 30-year U.S. Treasury bonds, 3-month Treasury bills and the Thomson Reuters/CoreCommodity CRB Commodity Index to gauge performance in stocks, bonds, cash and commodities. The four are the most common asset classes considered by investors when an allocation strategy is designed, according to Jim Bianco, the founder.
VC Firms Rain Down Cash on Tech Startups, Is Bubble Brewing?
SAN FRANCISCO — Jan 16, 2015, 6:16 PM ET
By BRANDON BAILEY AP Technology Writer
Cash rained down on startups in 2014, as venture capitalists poured a whopping $48.3 billion into new U.S. companies — levels not seen since before the dot-com bubble burst in 2001. Strong technology IPOs are luring investors chasing the next big return, but with valuations this high, critics suggest some investors may be setting themselves up for a major fall.
“It’s not that many businesses aren’t viable, but the question is, what are you paying for them?” said Mark Cannice, a professor of entrepreneurship at the University of San Francisco.
Venture funding surged more than 60 percent in 2014 from the prior year, most often fueling software and biotechnology companies, according to a new “MoneyTree Report” issued by PricewaterhouseCoopers and the National Venture Capital Association, based on data from Thomson Reuters. But the money wasn’t spread around to buoy many more companies. A few just got huge piles of cash.
Last year saw a record 47 “mega-deals,” defined as investments of more than $100 million. That’s nearly twice as many as reported in 2013, said Mark McCaffrey of PricewaterhouseCoopers, who leads the accounting and consulting firm’s global software practice.
Uber Technologies, the ride-hailing service disrupting the transportation industry and generating plenty of press, received the top two biggest rounds of investment last year. Each raised $1.2 billion for Uber, and the company’s value is now pegged at $41 billion. Other major deals included $542 million (mostly from Google Inc.) invested in Magic Leap Inc., a secretive startup working on virtual reality technology; $500 million in Vice Media, which operates online news and video channels; and $485 million in SnapChat, the popular messaging service.
https://abcnews.go.com/Technology/wireStory/funding-boom-shows-power-tech-startups-raises-concerns-28263323
