Jim Rogers shares insights on his book Street Smarts

"Jim Rogers of Rogers International Commodities Index (RICI) joins Open Currency Update with Kurt Wallace. While logging miles on his exercise bike, Jim discusses his ground up approach to investing and why he recommends investors learn philosophy and history. He also shares about a changing global environment toward Asia and why he sees New York City as a third world city. Rogers talks about his chapter ‘Creative Destruction’ and he explains the importance of how a robust immigration system directly effects the state of a society’s economy." Continue reading

Continue ReadingJim Rogers shares insights on his book Street Smarts

Doug Casey: The Gold Crash Is Not What Either Bulls or Bears Are Telling You

"I don't expect it to drop much more, and I'd be very surprised at a drop below $1,000 an ounce, but there is no law of nature preventing it from doing so. All markets fluctuate. People who get panicked are overcommitted... or maybe they shouldn't be in the market because they're not psychologically suited for it. The problem is that government currency debasement practically forces everyone to be in the market, just to try to stay ahead of inflation. You can't time market bottoms, but you've got to play the odds. If I were going to sell anything now, I wouldn't think of selling my gold or gold stocks." Continue reading

Continue ReadingDoug Casey: The Gold Crash Is Not What Either Bulls or Bears Are Telling You

Bitcoins gain traction in Argentina

"Enter the bitcoin? The virtual currency is emerging as the latest inflation refuge – and Bloomberg reports that TradeHill, a US-based bitcoin exchange, is now planning to open an office in Argentina where demand is fastest in the region. Bitcoins are absolutely not words on everybody’s lips here and many people have no clue about how to use them. But a quick squint at the website of MercadoLibre – a kind of ebay – reveals that you can buy plenty of things, from motorbikes to apartments to an anti-slip spray for bathtubs, and pay with bitcoins. Argentina’s two centuries’ history of currency turbulence, has wired a need for financial smarts into the national DNA." Continue reading

Continue ReadingBitcoins gain traction in Argentina

Bill Bonner: Is this a major change of direction for gold?

"Everyone believes the gold market has reversed direction. The bull market of the last 14 years has finally ended. It's all downhill from here, they say. But if that is true, what else will have to be true? The last bull market in gold ended when the Fed changed course. Arthur Burns was replaced by Paul Volcker. A loose money policy became a tight money policy. By the end of the bear market in gold there was hardly a single gold bug who was still sober or still solvent. But what's the Fed doing now? Has it reversed course? Has Ben 'Bubbles' Bernanke been replaced with a tough-as-nails inflation fighter? Has the FOMC vowed to stop printing money?" Continue reading

Continue ReadingBill Bonner: Is this a major change of direction for gold?

When The Window Closes For Americans

"Something I think you can plan your life around is the eventuality of the US government imposing capital controls and other restrictive measures on the movement of people and capital. Any country that is sufficiently desperate can and will implement such measures. The big question remains: When will this happen in the US? I believe that moment will arrive sometime before it is apparent that the US dollar has lost its place as the world's premier currency. The ramifications of the US dollar losing this status are difficult to overstate. It will be the tipping point at which the US government becomes sufficiently desperate." Continue reading

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Ron Paul Supporter Sues City Of St. Peters Following Caucus Arrest

"Stafford, 45, of O’Fallon, was arrested after things got out of control at a March 2012 St. Charles County GOP caucus. After a rules disagreement, St. Peters Police attempted to clear Francis Howell North High School and close the caucus. Stafford remained in the parking lot, trying to reconvene a meeting he said was improperly shut down, standing on a chair. During his trial in July 2012, officers said that they did not order him to leave as he was standing on the chair, but arrested him for disobeying orders to leave, and they felt everyone knew they were to leave the area. Police arrested Stafford and charged him with trespassing." Continue reading

Continue ReadingRon Paul Supporter Sues City Of St. Peters Following Caucus Arrest

Federal Government Rating Hits New Low Among Americans

"For the first time since Barack Obama became president, more Democrats say they have an unfavorable view of the federal government in Washington than a favorable view (51% unfavorable vs. 41% favorable). Favorable opinions of the federal government among Republicans, already quite low in 2012 (20% favorable), have fallen even further, to 13% currently. Notably, politically divided state governments get positive ratings from members of both parties. In the 13 states with divided governments – those in which the governor and a majority of state legislators are from different parties – majorities of both Republicans and Democrats express favorable opinions." Continue reading

Continue ReadingFederal Government Rating Hits New Low Among Americans

Congressional Research Service says not much Feds can do about legalized marijuana

"So where does this leave the feds? They can use their limited resources to arrest and seize whomever they can get their hands on. They can tie marijuana to other federal laws — gun possession, public housing occupancy, employment drug testing, etc. None of these options will achieve the overturning of state laws. And their pettiness will turn individuals further against the federal government. Or… the federal government could listen to the states, and to the people. Just a thought." Continue reading

Continue ReadingCongressional Research Service says not much Feds can do about legalized marijuana

Keene Activist Threatened With Eighty-One Years In Prison For Weed

"The thing that Rich is counting on to stop the hammer from falling—and reward him for standing up for his why-can’t-I-sell-some-fucking-pot-to-my-friends principles—isn’t a traditional legal argument. It’s pretty much assumed that Rich did technically break the (unjust) law by selling weed. What he’s banking on is that the jury will 'nullify' his case—in other words, they’ll come to the conclusion that the statutes he violated shouldn’t exist in the first place and there’s no reason to send him to jail. That’s not such a far-fetched idea." Continue reading

Continue ReadingKeene Activist Threatened With Eighty-One Years In Prison For Weed