Monthly Archives: August 2013

Bill Bonner: And the Next Fed Chairman Will Be…

"The hour is the time when Ben Bernanke must shuffle off to some post where he will do less damage. The man is the person (man or woman) who will take his place in the padded chair. As to Yellen, Summers and Kohn, we would reject them all. Clearly, none has any idea what is coming his way or he wouldn’t want the job. But this is a minority opinion. So let’s keep an open mind and examine each of these fish separately. Janet Yellen has three things going for her. According to Alan Blinder’s recent piece in The Wall Street Journal, she (1) is a woman, 2) is a good diplomat and (3) has been around the Fed since 1990 and nothing bad has happened." Continue reading →

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Local traders unmoved by SEC Bitcoin warning

"'The short answer is that financial scams are everywhere and it pays to be cautious about any investment and ensure that you understand it and trust those operating it, before giving them your dollars or your Bitcoins,' said Tulsa Bitcoin trader Ryan Underwood. 'This question of where to place confidence is not a Bitcoin-specific issue but a problem with all investments that make future promises in exchange for taking investor money in the present,' Underwood said. 'The SEC did not protect investors from Madoff despite numerous whistle-blowers coming forward in advance. Only their own diligence could have protected them.'" Continue reading →

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How to Profit From Stealth Inflation

"Decreasing quality, with rising prices. That’s stealth inflation. And no one — not even the great monetary wizard Ben Bernanke himself — can deny that stealth inflation’s a real problem. Take a look at Kimberly-Clark Corp., makers of Kleenex and other consumer products. A recent article in the Wall Street Journal points out that they’ve quietly… slowly… been 'de-sheeting.' What is de-sheeting? De-sheeting is the reduction in the number of sheets of toilet paper or tissues in each package while holding retail prices constant. The beauty of the de-sheeting process is that it is very hard for consumers to detect." Continue reading →

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Read more about the article Introduction to the 2013 State Balance of Powers Act
The Arizona Sentinel

Introduction to the 2013 State Balance of Powers Act

Introduction to the 2013 State Balance of Powers Act The constitutionally correct answer begins with the most appropriate questions… Is our State still a sovereign State with constitutionally protected rights? Does our State Government govern our State, or does Washington DC? Are the U.S. Constitution, the Bill of Rights and our State Constitution still in […]

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Peter Schiff: Detroit Broke City

"The good news is that the same forces that built Detroit could help turn it around. First off, Detroit needs to default on its debt. This means the bond holders and the citizenry will suffer. But after this painful process is complete, Detroit will have a few things going for it. It will boast abundantly cheap real estate and plenty of desperate workers. [..] Liberals would rather the unemployed stay that way rather than suffer the degradations of capitalism. So instead of such honest cures, look for Detroit to borrow its way out of the crisis while pretending to fix its chronic problems. If we laugh at their foolishness, we should all look in the mirror." Continue reading →

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China is Banking on a Detroit Comeback

"Detroit real estate agents have been swamped with requests for cheap properties by Chinese investors. One agency even sold 30 properties to a single buyer. Why all the interest from Chinese investors? Back in May, The New York Times reported that dozens of companies from China were putting down roots in Detroit in order to push their way into the American auto industry. Chinese businesses have tried to keep the movement of Chinese auto suppliers into Detroit as quiet as possible to avoid the public backlash experienced by Japanese automakers moving manufacturing to the U.S. in the 1980s. The Chinese know an opportunity when they see one." Continue reading →

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Hacker Forces Colin Powell To Deny Affair While At State Department

"Powell’s swift denial of an affair--especially one possibly conducted with an official of a foreign government while he served as America’s chief diplomat--was clearly prompted by the sensitive nature of the e-mails sent to his personal AOL account. In the 'very personal' correspondence cited by Powell, Cretu calls him the love of her life and describes a relationship that spanned more than a decade. The 2010-2011 e-mails would leave most readers with the clear impression that the forlorn Cretu is writing about the twilight of a lengthy romance. Powell’s e-mail and Facebook accounts were illegally accessed by 'Guccifer.'" Continue reading →

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Obama nominates former Freddie Mac executive to lead IRS

"President Barack Obama on Thursday nominated John Koskinen, who has held a variety of roles in government, to lead the Internal Revenue Service amid a controversy over the agency’s scrutiny of conservative political groups. Koskinen was in charge of the government’s effort to prevent computer failures to prepare for the year 2000, is a former executive of Freddie Mac, the government-controlled mortgage funding group, and served as deputy mayor for Washington, D.C." Continue reading →

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Portuguese court orders rehiring of drunk ‘happy worker’ garbage collectors

"A Portuguese court has ordered a waste removal company to rehire an employee it fired for being drunk on his rounds and said tipsy trash men appear happier to members of the public. The appeals court in Porto, a northern city renowned for its port wines, also ordered the company to pay the man 14 months’ worth of back wages. The three judges ruled that the waste collector had not broken any rules on alcohol consumption at work because the firm had not written any. It also rejected the use of a blood alcohol test submitted as evidence without his permission." Continue reading →

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Illinois man pays $150,000 legal settlement in truck full of quarters

"A man in Williamson County, Illinois pulled a truckload of bags of quarters up to a law office on Wednesday, delivering his share of a court-ordered payment in a wrongful death suit. When asked why he was paying the $150,000 in quarters, Roger Herrin told WSIL-TV, 'Because I couldn’t do it in pennies.' In 2001, Herrin’s 15-year-old son was killed in a car accident when an uninsured truck driver ran a stop sign. The three other passengers in the car were injured. Immediately afterward, the families of the injured victims began to squabble with Herrin over the settlement, he said." Continue reading →

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