Monthly Archives: April 2013

Central Banks Load Up on Equities

"Central banks, guardians of the world’s $11 trillion in foreign-exchange reserves, are buying stocks in record amounts as falling bond yields push even risk- averse investors toward equities. Managers of banks’ assets are looking for alternatives to holding government bonds after efforts to stimulate growth from the Federal Reserve, the Bank of Japan and the Bank of England helped send yields near to record lows. Central banks’ foreign- exchange holdings have increased by about $8.5 trillion globally in the past decade, exceeding levels needed for day-to-day currency administration." Continue reading →

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Can We Afford Not to Give Liberty Leaders the Benefit of the Doubt?

When the media tried to pretend Rand Paul “flip-flopped” on drones this week, after he used unclear language during an interview with Fox’s Neil Cavuto, I posted the following on Facebook: Folks, the same guy who filibustered for 13 hours to say the government does not have the right to drone American citizens on American [...]

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Read more about the article CISPA Has Died in the Senate…
The Arizona Sentinel

CISPA Has Died in the Senate…

The Cyber Intelligence Sharing and Protection Act (CISPA) died in the Senate yesterday, according to a statement from a representative of the U.S. Senate Committee on Commerce, Science and Transportation. The bill, which had already passed the House, would have allowed the government to snoop on private emails by granting companies the right to disseminate individuals’ sensitive, private information — like medical records — without their knowledge or consent.

Although CISPA likely won’t be passed in its current form, Republicans and Democrats have a bad habit of resurrecting terrible Big Government legislation like this.

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The Global Status Quo Strategy: Do More of What Has Failed Spectacularly

"The only metrics that count are debt and the ability to service that debt. Households have this tiny little problem known as declining income that makes it impossible to service more debt unless interest rates fall to near-zero. Presto-magico, real interest rates (adjusted for inflation) are near-zero, and can't fall any lower. That means the Fed has run out of room to lower rates. From here on, households will only be able to service more debt if their income rises. Alas, with full-time employment back to 1980 levels, that is not even a remote possibility." Continue reading →

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Syrian Rebels Claim Government Using Chemical Weapons; Hagel Takes Dictation

"Syrian rebels have been entrusted by US intelligence to collect information to show that the Syrian government has used chemical weapons against its own citizens and, surprise, they have come back with the 'evidence' the warmongers have sought to satisfy rebel demands for a US attack. Secretary of Defense Chuck Hagel, in a stunning about-face, has dutifully reported back to Congress these 'findings' as fact and in so doing has shifted the US war machine from 'neutral' into 'drive'." Continue reading →

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Michael Scheuer: The Idea That They’re Attacking Us Because Of Our Freedom Is Insane

"We should have went to Afghanistan and won the war. We went to Afghanistan, spent 13 years and got chased out by guys with weapons from the Korean War. The Islamists started this war, they explained to us as clearly as General Giap and Ho Chi Minh explained to us why they were fighting us and we have ignored it. Mrs. Clinton has ignored it, Bill Clinton, George Bush, Barack Obama. The idea that they're attacking us because of our culture is insane. We are now waging a war against them culturally. We're trying to impose democracy, women's rights, parliamentary systems on a people who don't want it. They're going to fight that." Continue reading →

Continue ReadingMichael Scheuer: The Idea That They’re Attacking Us Because Of Our Freedom Is Insane

Connecticut: “No Guns, No Gold”

"You probably know about the gun control bill that was voted into law this month. Gun manufacturers are threatening to move out of the state. The story is here. The state is now about to shut down all coin stores. A bill to require complete record-keeping on all sales, including photos of every coin sold, and recording the ID of every buyer and seller, is about to be passed into law. The cost of complying will shut down the stores." Continue reading →

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Missouri senate votes to stop issuing driver’s licenses after concealed carry records leak

"Missouri state senators on on Monday voted to eliminate all funding for the Department of Revenue’s driver’s license bureau because they were angry about the way the agency was keeping concealed carry gun records. Senate Appropriations Committee Chairman Kurt Schaefer (R) said that he had created that draconian cuts to send a message to Democratic Gov. Jay Nixon’s administration. In addition to $3.5 million of funding for the driver’s license offices, Schaefer is also targeting the Department of Public Safety and computer operations at the state Office of Administration because they had a role in sharing concealed carry records." Continue reading →

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