Monthly Archives: May 2014

Bill Bonner: What You NEED to Know about Wealth Inequality

"After the 1970s, real capital played a smaller and smaller role. It was replaced by credit and its sinister twin: debt. The r in Piketty’s now famous annotation r > g is supposed to represent the return on capital investment. But where did the wad come from? Savings rates went down. Real earnings went down. Growth rates went down. So how could there be more capital available and how could it produce higher rates of return (compared to economic growth)? The whole thing is a headache for a thoughtful man. Capital investments with no real capital behind them. Profits that outstrip the economic growth from which they must come. What to make of it?" Continue reading →

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Bill Bonner: Don’t Be Fooled By the Wealth Inequality Debate

"QE is supposed to be the weapon in the Fed’s fight against unemployment. The Fed is still buying $45 billion of bonds via QE every month… in addition to holding short-term interest rates to the floor. Where does that $45 billion go? The insurance companies and pension funds that sell bonds to the Fed use this newly created money to buy the real assets of America – houses, companies, commercial property, resources, farmland… everything. And that drives up the prices of everything for everyone else. The Fed says QE is meant to help create jobs… and 'stimulate' the economy. It does nothing of the sort. Instead, it lines the pockets of those at the top of the heap." Continue reading →

Continue ReadingBill Bonner: Don’t Be Fooled By the Wealth Inequality Debate

Major Projects in the Works

Here is a brief roadmap of some major projects we’re working on. 1. Expand our nullify Obamacare campaign. We’ll be updating our state anti-obamacare legislation, improving our legislator and activist handbook, and more. Please also congratulate Michael Lotfi for moving up from his state chapter coordiantor role in Tennessee to this national campaign lead role…

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Missouri Action Alert: Help Nullify Agenda 21

Missouri HB1647, a bill to protect property rights from Agenda 21 and other similar measures passed the Missouri state house on Monday, April 28, 2014.  (Learn more about the bill here.) Status: Referred to the Senate Committee on General Laws where it will have to pass by majority vote before it can be considered by the full…

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Tennessee bill to ban cellphone tracking is part victory, part loss

A Tennessee state senate bill to ban law enforcement from obtaining cellphone location tracking information without a warrant has passed through both chambers of the legislature, although an amendment was added late in the process that could prove hazardous to privacy rights and necessitates vigilance on the part of people in the Volunteer State.. Introduced…

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Supreme Court Inaction on NDAA Demonstrates the Futility of Federal Solutions

NDAA indefinite detention powers rermain in full effect after the Supreme Court refused to even listen to the Hedges v. Obama case challenging their constitutionality. What was the Court’s rationale? It said that the plaintiffs did not show “a sufficient threat that the government will detain them.” Never mind the vague terminology in the NDAA…

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South Carolina House votes to ban warrantless cellphone tracking, 89-17

COLUMBIA, SC., – May 1, 2014. A bipartisan bill which would ban law enforcement from obtaining cellphone location tracking information without a warrant passed the South Carolina House yesterday. The vote was 89-17. H4791 was introduced by Rep. Garry Smith (R-Greenville) and cosponsored by 39 other representatives, including the leadership of both parties.  It reads, in…

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California Action Alert: Support SB828 against NSA spying

On Jan. 6, SB828 was introduced by Sen. Ted Lieu (D-28) and Sen. Joel Anderson (R-36) to push back against mass surveillance by the NSA and other federal agencies.  It passed through the Committee on Public Safety by a unanimous 6-0 vote.  (learn about it here) It will now have to pass through the Appropriations…

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