Posts by Jeff Berwick

World’s First Bitcoin ATM Is Announced – First Location: Cyprus

[Editor's Note: The following post is by TDV Editor-in-Chief, Jeff Berwick]

While European politicos negotiate in Brussels, deciding the fate of other people's money in Cyprus, the free market has already moved in to help Cypriots get access to their money via other means…

Banks have been closed for the last week in Cyprus and if they do re-open on Tuesday, it has now been announced that daily withdrawal limits at ATMs will be 100 euros per day.  

Read More

The Weekend Vigilante March 23, 2013

Hello from Georgetown, Guyana,

No, it's not in Africa. Don't feel bad though, I didn't really know where Guyana was either.  But if you are looking to go to a place that is almost completely untapped for profitable potential, put Guyana on your list of places to consider.

It's a tiny country in the northeast of South America with an even tinier population of 750,000… but incredibly rich in natural resources and opportunity overlooked by almost everybody (hint: go where no one else is going). The amount of business opportunities is staggering. As with many such tiny countries like this you can very easily and quickly be in the conversation with all the most influential people.

Read More

Euro Banking System On The Verge Of Collapse

[Editor's Note: The following post is by TDV Editor-in-Chief, Jeff Berwick]

News came out yesterday that all Cypriot banks will continue to be closed until at least next Tuesday and may remain closed permanently.

Last week, the European Central Bank threatened to cut the Emergency Liquidity Assistance which Cyprus had been receiving unless Cyprus’ major banks implemented legislation which would “tax” all investors who have accounts in Cypriot banks an amount up to 9.9 percent of their total deposits. The tax was rejected by the Cyprus parliament on Tuesday.

Read More