Snowden’s surveillance leaks open way for challenges to programs’ constitutionality

"At least five cases have been filed in federal courts since the government’s widespread collection of telephone and Internet records was revealed last month. The lawsuits primarily target a program that scoops up the telephone records of millions of Americans from U.S. telecommunications companies. Such cases face formidable obstacles. The government tends to fiercely resist them on national security grounds, and the surveillance is so secret that it’s hard to prove who was targeted. Nearly all of the roughly 70 suits filed after the George W. Bush administration’s warrantless wiretapping was disclosed in 2005 have been dismissed." Continue reading

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Whoops, another idiot exposed, Zimmerman will own Florida before this is over.!

COVER-UP POLICY LED TO TRAYVON MARTIN’S DEATH “How a Miami School Crime Cover-Up Policy Led to Trayvon Martin’s Death” By Robert Stacy McCain on 7.15.13 @ 1:05AM http://spectator.org/blog/2013/07/15/trayvon-crime-school-miami The February 2012 shooting death of 17-year-old Trayvon Martion might never have happened if school officials in Miami-Dade County had not instituted an unofficial policy of treating […]

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Commodities Dealer Accepting Bitcoin for Gold

"Agora Commodities is the first gold, silver, platinum, and palladium dealer accepting Bitcoin for bullion. By taking Bitcoin as payment for a physical commodity, Agora is giving high-risk speculative traders one more way to play the market. And the added bonus is that the transaction can be 100% anonymous. But the company is going even deeper into anti-spying territory than that. They are offering their customers encrypted service for all their digital correspondence." Continue reading

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Be Prepared When the ATMs Go Dark…

"Best way to establish a 'go-to' fund is by buying gold bars in the largest size you can afford and storing them in your name overseas. Here’s why this is the smartest play: 1) Overseas gold storage is not reportable as long as it is not tied to a foreign bank account. 2) Buying gold in the largest amount you can afford is more financially sound than buying it in smaller bars or buying fractional gold. 3) In the event that you need to sell your gold to access cash, large banks and precious- metals dealers are more likely to want to purchase large gold allotments rather than several smaller ones. This provides superior liquidity in times of need." Continue reading

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Dow, S&P 500 set record highs on Bernanke, upbeat earnings

"Stocks finished higher Thursday, with the Dow and S&P 500 setting fresh highs, boosted by a batch of upbeat economic reports and after Fed Chairman Ben Bernanke reiterated that monetary policy will remain highly accommodative, even as the central bank starts to pare back its bond buying. Bernanke returned to Capitol Hill to testify before the Senate Banking Committee on the economy and QE after reassuring the markets Wednesday that there was no concrete timetable for the Fed to scale back its bond purchase program. Bernanke also emphasized that there could be a lengthy time-lag between the end of asset purchases and a hike in interest rates." Continue reading

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Bill Bonner: Has gold bottomed out?

"Is there any reason to doubt? Any reason for worries? Any reason to stash a gold coin in your safe, just in case this reprise of credit-based money doesn’t pan out? It took the Soviets 70 years to realise that their experiment with primitive communism wouldn’t work. They tried to run a huge, modern nation as though it were a paleolithic tribe. It took Zimbabwe nearly 30 years to discover that it couldn’t cover its expenses by printing up its own credit-based money (though it didn’t begin running the presses at full speed until near the end). And how long did it take the Thousand-Year Reich to discover that ignoring the laws of civilised nations would be fatal? Only 12 years!" Continue reading

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Gold Slump Revives Hedges Scrapped During Bull Run

"Tumbling gold prices are raising the prospect of a return to hedging - a strategy that’s been shunned by investors and producers who spent at least $10 billion at the end of the last decade unwinding forward sales. A revival of hedging may be a last resort for producers from Toronto to Melbourne who have announced plans to trim spending, sell mines, cut staff and reduce high-cost production in response to a decline in the price of gold that could shave about $10 billion from earnings, according to data compiled by New Jersey-based Kenneth Hoffman at Bloomberg Industries." Continue reading

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Goldman Sachs quarterly profits more than double to $1.93bn

"Investors had feared that the looming prospect of an end to the US Federal Reserve’s $85bn-a-month bond-buying programme would impact profits at Wall Street’s major banks. However, Goldman Sachs navigated the turbulent quarter better than they expected. Profits climbed to $1.93bn (£1.28bn), from $962m in the same period last year, while revenues rose from $6.6bn to $8.6bn. Goldman Sachs employees were paid $253,691 on average, although the bank’s highest earning staff take home considerably more than that. Michael Sherwood, co-chief executive of Goldman Sachs and head of its London operation, received $15.8m as a share bonus alone last year." Continue reading

Continue ReadingGoldman Sachs quarterly profits more than double to $1.93bn

JP Morgan Getting Ready To Settle For $1 Billion For Manipulating Energy Markets?

"Sources told the Journal the deal could come in close to a staggering $1 billion, the largest payout in the history of the Federal Energy Regulatory Commission (FERC), which overseas power trading markets. JPM and FERC, the little regulator that could, are reportedly exchanging drafts of an agreement. Sources told the Journal the bank is working quickly to finish the deal so they can gear up for even more regulatory hoopla in the wake of the London Whale debacle. The filings describe how traders rigged their bidding in order to be eligible for 'make-whole' payments that would cover trading losses and generate a healthy profit, according to the Journal." Continue reading

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Clarification of William Kaye Regarding German / US gold in Hong Kong refineries

"Hong Kong fund manager William Kaye identifies the Hong Kong gold refiner that is recasting Western gold, including Western central bank gold, for the Asian market. Kaye remarks that this movement and recasting of gold should hardly be a sensation because it is completely consistent with everything known about the current gold market. Kaye also denounces Western exchange-traded gold funds as facilitating 'enormous potential mischief and abuse' of gold investors at the hands of the bullion banks that are exclusively authorized to put gold into and take gold out of the funds." Continue reading

Continue ReadingClarification of William Kaye Regarding German / US gold in Hong Kong refineries