Tuesday, April 9, is the Primary Election for several local government entities. Click HERE to see / get the Official Sample Ballot. This article focuses on one of the candidates for the three at-large City Council seats – Roy Christensen – on Tuesday’s ballot – for an explanation, read note [...]
"The price of gold bullion has fallen from its 2011 highs and the prices of good junior companies have been slashed to as little as half their former valuations. All the more reason to start returning broker phone calls according to David Galland, Casey Research managing director, speaking on the Friday eve of the webinar he is moderating that features some of the biggest names in the industry. The webinar features Casey Research Founder Doug Casey, Sprott Global Resource Investments Founder Rick Rule, International Speculator Editor Louis James, 'Endgame' Author John Mauldin and Diary of a Rogue Economist Editor Bill Bonner." Continue reading →
"Although the mechanics of fractional-reserve banking have not changed in 300 years the public’s expectations have evidently changed greatly. Today banks are expected to lend ever more generously while depositors are supposed to not incur any risk of loss at all. State deposit 'insurance' is not insurance. Insurance companies calculate and calibrate risks, charge the insured party and set aside capital for when the insured event occurs. A state deposit ‘guarantee’ is simply another unfunded government promise, extended in the hope that things won’t get that bad. When they finally do the state does what it always does: it will take from Peter to pay Paul." Continue reading →
"At some point this sort of astonished rhetoric must begin to grow stale, even, well ... unbelievable. We are supposed to slap our collective forehead and ask, 'How could this be happening?' But, in fact, we already know. You do, too. Central banking monopoly money stimulation has taken down Western economies from Europe to the United States and beyond. And after a full century of central banking mayhem it is impossible to believe that the leaders of this failed economic environment can have any doubt left about its destructive tendencies." Continue reading →
"What you are about to see absolutely amazed me when I first saw it. The Canadian government is actually proposing that what just happened in Cyprus should be used as a blueprint for future bank failures up in Canada. The following comes from pages 144 and 145 of 'Economic Action Plan 2013' which you can find right here. Apparently the goal is to find a way to rescue 'systemically important banks' without the use of taxpayer funds. In other words, the banks will just be allowed to grab money directly out of your bank accounts to recapitalize themselves. That may sound completely and utterly insane, but this is how things will now be done all over the western world." Continue reading →
"A prominent Canadian lawyer, husband to a Liberal senator, moved nearly $2 million to secretive financial havens while he was locked in battle with the Canada Revenue Agency over his taxes, according to documents in a massive leak of offshore financial data that were shared exclusively in Canada with CBC News. Tony Merchant of Regina transferred money to a tax haven in the South Pacific and then onward to an account in the Caribbean, according to the files. His wife, Senator Pana Merchant, as well as their three sons are named in the documents as beneficiaries of the funds." Continue reading →
"Disgraced former French budget minister Jerome Cahuzac lied to a Swiss bank when it accepted his assertion that funds paid into his account had been declared to tax authorities, a newspaper report said Saturday. The Zurich-based Tages Anzeiger said the politician presented a 'bogus tax certificate' to the Julius Baer bank. Cahuzac — the minister responsible for cracking down on tax evasion until he resigned in mid-March — was charged Tuesday with 'laundering the proceeds of tax fraud' after he admitted to having the foreign bank account, following weeks of denials." Continue reading →
"France's Foreign Affairs Minister Laurent Fabius on Sunday denied a 'rumour' in a newspaper report claiming that he may have a Swiss bank account, as the French government struggles to deal with a scandal over undeclared foreign bank holdings. 'I absolutely deny the rumour, published in the Monday April 8 edition of Libération, claiming I have a bank account in Switzerland,' Fabius wrote in a statement. It was Médiapart that broke the story about former budget minister Jérôme Cahuzac having an undeclared bank account in Switzerland." Continue reading →
"Millions of emails and leaked records from offshore tax havens have exposed the identities of thousands of holders of offshore accounts, including the family of the president of Azerbaijan and French President Francois Hollande’s one-time campaign treasurer. The alleged involvement of Jean-Jacques Augier adds to the pressure on Hollande, who is already on the defensive after his former budget minister Jerome Cahuzac was charged in a tax fraud probe. Britain’s Guardian said the information came from a leak of two million documents and emails which mainly concern the British Virgin Islands, but also the Cayman Islands." Continue reading →
"Italian finance police had a lucky find on Easter Sunday during a routine check of a family car crossing into Switzerland: they discovered gold ingots worth about €4.5 million concealed in false compartments. The car was driven by a 53-year-old Italian resident of the Swiss canton of Ticino, described by the police as the legal representative of a Swiss company. He was travelling with his wife and three children, apparently going for an Easter trip. The man was immediately charged with money laundering. The ingots and the car were seized. There has been an upsurge in the smuggling of gold from Italy to Switzerland in the past few months." Continue reading →