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Expat Files – 07.30.17

#1- Land border crossing chaos. Land border bathroom blues. Johnny’s latest “boots on the ground” story #2- More examples of Latin upper-class racism/classism among upscale gringo copycats and first-world wannabees. #3- When so called type “A” Gringos and Expats come down (the shakers and movers) they often need to be the big fish in a small pond once again. Many …

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It’s Our Money – Digits – Better Get Used to Them…… – 03.12.17

As cash transactions continue a downward slide toward obsolescence and perhaps even illegality, a host of replacement media are being lined-up to replace the practice of making tactile exchanges when completing transactions. Everyone is used to using credit and debit cards, those intermediaries that digitize payments and do account reckoning. But what lies beyond those captured private industry providers like Visa and Mastercard is an even more exotic and potentially far safer monetary transaction system called “blockchain.” This week Ellen talks with Jon Underwood, the founder and CEO of a blockchain-based parallel payment system called C-pay, a system capable of creating local monetary systems as well as addressing some of the payment world’s stickiest markets, like the developing cannabis markets of the American West.

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One Percenters Get Their Own Special Social Welfare Deal

One percenters have it all, extra houses, extra cars, even an exclusive legal defense if they kill, “affluenza,” to keep them out of jail. But until last week, they felt unfairly denied access to the benefits of social welfare organizations, United Way, Habitat for Humanity and the like. Now, these are rich people, so they wanted special social welfare groups, …

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L. ALI KHAN – Debt Serfdom in America

As of October 2015, American consumers owe $8.17 trillion in mortgages, $900 billion in credit cards, and $1.19 trillion in student loans. Home mortgages, credit cards, and student loans occupy the most of the consumer credit market. The consumer credit market is the dream paradise of money merchants, known as moneylenders. Just as pharma companies sell drugs to make money by way …