Yearly Archives: 2013

10 Reasons Why You Have to Quit Your Job This Year

"You can’t make money without selling something real. You can’t make something real without first imagination manifesting itself in your head. You can’t have imagination without surrendering yourself to an idea that you want to create something of value to other human beings. And now it’s too late. Now the course of history has finally written it’s next chapter. There’s no more bullshit. I’m going to tell you why you have to quit your job. Why you need to get the ideas moving. Why you need to build a foundation for your life or soon you will have no roof." Continue reading →

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Rocky Mountain high: Pot a $200M industry in Colorado

"Vigorous regulation of a thriving medical-marijuana industry in Colorado offers the best glimpse of what is coming to Washington when it launches its voter-approved social-use market. With continuous surveillance, bar-coded plants and strict financial background checks, Colorado's rules allowed capitalism to be unleased, creating an instant $200 million industry." Continue reading →

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U.S. Inflation Since 1775 And How It Took Off In 1933

"Yesterday at the American Economic Association's 2013 Annual Meeting, Carmen Reinhart and Ken Rogoff offered a paper titled Shifting Mandates: The Federal Reserve’s First Centennial. The paper included a cool chart of inflation since 1775. The authors argue that inflation didn't take off until the U.S. went off the gold standard in 1933." Continue reading →

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Iraq unearths 1,400-year-old gold coins

"Iraqi archaeologists have found 66 gold coins that are at least 1,400 years old, officials said on Monday, adding that they hope to put them on display in Baghdad’s National Museum. Many of Iraq’s archaeological sites have been vandalised and encroached upon in recent decades, but especially in the years following the US-led invasion of 2003. The capital’s National Museum was also looted in its aftermath. At the time, nearly 32,000 pieces were stolen from 12,000 archaeological sites across Iraq, and 15,000 others disappeared from the National Museum in Baghdad, according to official figures." Continue reading →

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Krugman: Let’s Just Print Funny Money

"Don’t like the platinum coin option? Here’s a functionally equivalent alternative: have the Treasury sell pieces of paper labeled 'moral obligation coupons', which declare the intention of the government to redeem these coupons at face value in one year. It should be clearly stated on the coupons that the government has no, repeat no, legal obligation to pay anything at all; you see, they’re not debt, and therefore don’t count against the debt limit. But that shouldn’t keep them from having substantial market value." Continue reading →

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Krugman Gives the Thumbs Up on the Minting of a Trillion Dollar Platinum Coin

"Should President Obama be willing to print a $1 trillion platinum coin if Republicans try to force America into default? Yes, absolutely.[...] So if the 14th amendment solution — simply declaring that the debt ceiling is unconstitutional — isn’t workable, go with the coin." Continue reading →

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IMF OK With Capital Controls, Inflationists Shrug

"The International Monetary Fund endorsed nations’ use of capital controls in certain circumstances, making official a shift, which has been in the works for three years, that will guide the fund’s advice. In a reversal of its historic support for unrestricted flows of money across borders, the Washington-based IMF said controls can be useful when countries have little room for economic policies such as lowering interest rates or when surging capital inflows threaten financial stability." Continue reading →

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So Feinstein wants to register a few guns. What could go wrong? Ask gun owners around New York

Senator Dianne Feinstein (D-Califailure) has been scheming for “over a year” on a way to re-ban “assault weapons,” according all the pictures of them that she’s studied: On Dec. 17th, Feinstein said, ”I have been working with my staff for over a year on this legislation” and “It will be carefully focused.”  Indicating the depth of her research [...]

Continue ReadingSo Feinstein wants to register a few guns. What could go wrong? Ask gun owners around New York

Case Against Kim Dotcom Copyright Infringement Continues to Weaken

"This is the man US and Hollywood officials decided to make an example of. Interestingly, they were victims of the same persona that Dotcom has used successfully throughout his career. A man who so thoroughly advertised his affection for fast cars, large yachts, beautiful women and military video games was someone who surely could not be taken seriously. It was inconceivable to these intelligence agents and military men that someone as obviously undisciplined as Kim Dotcom would pose a 'hard target.' Surely he would fold immediately on feeling the boot upon his neck. And this misjudgment was only one of a series." Continue reading →

Continue ReadingCase Against Kim Dotcom Copyright Infringement Continues to Weaken

Saudis aiding U.S. drone attacks in Yemen: report

"Saudi Arabia has provided fighter jets to assist the United States with its drone strikes against Al-Qaeda targets in Yemen, the London Times reported on Friday. US drones are backing Yemeni forces combating militants of Al-Qaeda in the Arabian Peninsula (AQAP). The group’s Yemen branch is considered by Washington to be the most active and deadliest franchise of the global jihadist network. The Times cited a US intelligence source as saying that 'some of the so-called drone missions are actually Saudi Air Force missions'. US drone attacks in Yemen nearly tripled in 2012 compared to 2011." Continue reading →

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