Yearly Archives: 2013

Peter Schiff: Tapering the Taper Talk

"In truth, I believe that the Fed's next big announcement will be to increase, not diminish QE. After all, Bernanke made clear in his press conference that if the economy does not perform up to his expectations, he will simply do more of what has already failed. Of course, when the Fed is forced to make this concession, it should be obvious to a critical mass that the recovery is a sham. Investors will realize that years of QE have only exacerbated the problems it was meant to solve. When the grim reality of QE infinity sets in, the dollar will drop, gold will climb, and the real crash will finally be upon us. Buckle up." Continue reading →

Continue ReadingPeter Schiff: Tapering the Taper Talk

Peter Schiff: The Golden Cycle

"This analysis provides a good representation of the current conventional wisdom. The only twist here is that the article from which this summary is derived appeared in the August 29, 1976 edition of The New York Times. When the gold price approached $100 per ounce, a nearly 50% decline, the obituaries came fast and furious. Everyone assumed that the gold mania would never return. Although the writer of The Times piece did not yet know it, the bottom for gold had been established four days before his article was published. Few realized at the time that the real economic pain of the 1970's had (to paraphrase The Carpenters 1970's hit) 'Only Just Begun'." Continue reading →

Continue ReadingPeter Schiff: The Golden Cycle

Bill Bonner: How Low Can Gold Go?

"The price can easily step back 50% in a bull market... then continue its upward surge. 'At the moment gold shares are not far off pricing in the end of the world,' says Evy Hambro of Blackrock. End of the world? Not quite. The end of the world can come at any time... and at any gold price. But we doubt that it will come on July 1, with gold at $1,200 an ounce. The feds have created an economy that can't be sustained. Because it requires bigger and bigger inputs of cash and credit. Everyone knows this can't go on forever. That's why the Fed is talking about 'tapering.' But you don't 'taper' a major addiction; you have to hit bottom first." Continue reading →

Continue ReadingBill Bonner: How Low Can Gold Go?

*BREAKING* Committee Meeting Tomorrow on Medicaid Expansion Bill!

COMMITTEE MEETING TOMORROW! Committee Government Operations Clerk Phone Number 373-3543 Location  Rooms 402 and 403, Capitol Building, 100 S. Capitol Avenue, Lansing, MI 48933 Date  Wednesday, 7/3/2013 Time 9:30 am Agenda  Healthy Michigan Workgroup update (on HB 4714) And any other business properly before the committee. Chair  Randy Richardville   EAST LANSING, Mich. (AP) - …

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Continue Reading*BREAKING* Committee Meeting Tomorrow on Medicaid Expansion Bill!

U.S. Spends $16 Billion Every Year To Care For Elderly Prisoners

"By the year 2030, there will be upward of 400,000 elderly prisoners — nearly a third of the projected total penal population. State and federal prisons spend an estimated $16 billion taxpayer dollars a year keeping elderly convicts in the clink…. Nearly a quarter of that price tag – roughly $3 billion taxpayer dollars annually – is devoted to providing health care to sick or drying prisoners. Although prison budgets and balance sheets vary state-to-state, certain jurisdictions offer striking evidence of the immense cost of medical care for elderly prisoners." Continue reading →

Continue ReadingU.S. Spends $16 Billion Every Year To Care For Elderly Prisoners

The Latest Suburban Crime Wave

"One mother is hauled off to the police station. Another is clapped in handcuffs. The mothers' offenses? They let their kids wait in the car while they ran a quick errand. The laws differ in their particulars, but basically they state that a child under age 6, 7 or, in Utah, 9, cannot be left alone in the car for more than five or 10 minutes. In Nebraska, having your 6-year-old wait in the car is an offense in the same category as allowing the child to be 'deprived of necessary food' or 'sexually exploited.' In Louisiana, a second kid-in-car infraction carries a sentence of not less than one year in prison, 'with or without hard labor.'" Continue reading →

Continue ReadingThe Latest Suburban Crime Wave

Drone strikes are an order of magnitude deadlier to Afghans than manned aircraft

"A study conducted by a US military adviser has found that drone strikes in Afghanistan during a year of the protracted conflict caused 10 times more civilian casualties than strikes by manned fighter aircraft. The new study, referred to in an official US military journal, contradicts claims by US officials that the robotic planes are more precise than their manned counterparts. It appears to undermine the claim made by President Obama in a May speech that 'conventional airpower or missiles are far less precise than drones, and likely to cause more civilian casualties and local outrage'." Continue reading →

Continue ReadingDrone strikes are an order of magnitude deadlier to Afghans than manned aircraft