Yearly Archives: 2013

India enacts law to enforce ‘Know Your Customer’ norms for Gold purchases

"World's largest gold consumer India enacted a law making it mandatory for jewellers to collect a KYC (know your customer) document from every customer purchasing jewellery worth Rs 50,000. India made an amendment to extend the purview of the Prevention of Money Laundering (PML) Act to enforce Know Your Customer norms for retail purchases of gold and precious stones. Indian authorities hope this move will eventually cut down gold imports which is responsible for country's staggering current account deficit (CAD)." Continue reading →

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IMF Goes Directly After Bank Depositor Money In Cyprus Bailout Plan

"The IMF today took an unprecedented step to grab bank depositor money. In a new plan to bailout the government of Cyprus, under the watchful eye of the IMF, depositors in Cypriot banks will be hit with a one-time tax on their savings, as part of a €10 billion ($12.96 billion) bailout. In a deal, announced early Saturday, accounts with more than €100,000 will be taxed at 9.9%, those with less at 6.75%, raising an expected €5.8 billion for the near-bankrupt nation. Cypriot Finance Minister Michalis Sarris said the Cypriot Parliament would adopt the taxes over the weekend and the money would be extracted from accounts before banks take up business Tuesday." Continue reading →

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The cops are a dangerous replacement for private gun ownership

"Even if the cops 'respond within minutes,' it’s too late. They responded within minutes at Sandy Hook. They responded within minutes in Aurora, Colorado. Ten minutes is too long. Two minutes is too long. If you are unarmed, two minutes after you are attacked by a violent criminal, you’re dead. Do the math. If the cops do arrive at your home or place where you are attacked before you’ve been killed, your problems might just be beginning. As Will Grigg reminds us, the first priority for police responding to a 911 call is 'officer safety.' More often than not, the officer attempts to secure his or her own safety at the expense of yours." Continue reading →

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School Administrators Remove Army Men Cupcake Topping For Gun Control ‘Insensitivity’

"Last week, Casey Fountain’s third-grade son had a birthday party at his school in Caro. His wife decided to whip up 30 cupcakes for the boy’s classmates. She topped the treats with plastic army guys like the ones countless boys and girls have played with for decades. Fountain says he never thought his innocent act of party planning would lead to controversy. Fountain says the principal of Schall Elementary School called him personally and told him that dressing the cupcakes with soldiers was, in the principal’s words, 'insensitive' considering recent gun-related tragedies. The school is standing by its decision to remove the Army soldiers from the cupcakes." Continue reading →

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The 12 Companies Cashing In On Drones

"The U.S. military spent about $3 billion on drone programs last year, according to the Wall Street Journal. And as government spending cuts threaten to pinch some of that money, defense contractors are looking for ways to expand the drone market domestically to law enforcement agencies, universities and border patrols. According to HuffPo, here are 12 major corporations making money off of drones." Continue reading →

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Court: CIA cannot continue to deny basic information on drone program

"The D.C. Circuit Court of Appeals held in a 3-0 vote on Friday that the CIA must reveal whether it has any 'involvement' or 'interest' in the U.S. drone program, saying its refrain that the agency cannot acknowledge the program’s existence is undermined by officials’ public statements. Those public statements came from President Barack Obama, newly-minted CIA director John Brennan and former CIA Director Leon Panetta, all of whom have confirmed that some agency of the U.S. government uses drone aircraft to drop bombs." Continue reading →

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Read more about the article ‘Thanks For Your Help, Sorry About The Drone’

‘Thanks For Your Help, Sorry About The Drone’

“The US administration believes it can actually determine who is or is not a radical Islamist and kill those people by drone, leaving only smiling democrats ready to welcome Western NGOs to help them write a nice new constitution. It is a delusion. It has never worked yet.  It probably means the US is planning to enter a much more active phase in the conflict. In preparation for a US invasion of Syria, which will no doubt continue on into Iran, some of the more dangerous and difficult to control elements must be gotten rid of.” Continue reading via LRC blog https://www.lewrockwell.com/lrc-blog/thanks-for-your-help-sorry-about-the-drone-2/ ----- Summary via FreedomWatch →

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Then They Came For the Prosecutors….

"Prosecutors in New Jersey have a long history of abuse, playing by their own rules, and (of course) always getting away with their dishonest actions, since the courts for the most part have covered for the worst of the bunch. However, it seems that the state's prosecutors have been a bit too successful in their relentless pursuit of gun owners, as an appeals court in New Jersey has ruled that retired prosecutors are 'not entitled the same concealed carry permits afforded retired law enforcement officers.'" Continue reading →

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Police Intervention Always Makes Things Worse — Continued

"Last April, a Brooklyn landlady named Karen Brim was mopping the floors in her apartment building when three police officers suddenly materialized in pursuit of several local teenagers. The officers claimed that the teens were trespassers. Brim said that they were guests and were welcome on her property. The police, however, were not. The officers responded by throwing the 42-year-old woman to the floor, shattering her leg. She was taken to a local hospital where she was shackled to a bed and held under armed guard for seventeen days. Brim, who was the victim, was charged with five offenses." Continue reading →

Continue ReadingPolice Intervention Always Makes Things Worse — Continued