Author: The Freedom Watch Staff

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Jim Rogers on Politics, Money Metals and How to Deal With an Endless Downturn

"Be very careful. Study some history and study some economics and see how these things always play out in the end. Prepare yourself. Make sure you have a professional advisor and you should do okay. Make sure you have investments that will do okay. Move to a new country if you are worried about your own country. I own commodities and currencies. I short stocks. I teach my children Mandarin. Both of my children speak perfect Mandarin. Both English and Mandarin will be important in the 21st century, in my view. We moved to Singapore so my children could learn and speak Mandarin. That's how I'm living my life." Continue reading →

Continue ReadingJim Rogers on Politics, Money Metals and How to Deal With an Endless Downturn

Industry sues over NYC crackdown on sugary drinks

"Soda makers, restaurateurs and other businesses sued Friday to try to block the city's unprecedented move to restrict sales of super-sized, sugary drinks, an effort the city called a coup for public health but the businesses view as wrong-minded meddling. A spokesman for Mayor Michael Bloomberg, the regulation's chief champion, called the lawsuit a groundless effort to stop a groundbreaking policy, noting that the city also won fights over outlawing smoking in bars and offices and forcing fast-food restaurants to list calorie counts on their menus." Continue reading →

Continue ReadingIndustry sues over NYC crackdown on sugary drinks

Lunch lady slammed for food that is ‘too good’

"A talented head cook at a school in central Sweden has been told to stop baking fresh bread and to cut back on her wide-ranging veggie buffets because it was unfair that students at other schools didn't have access to the unusually tasty offerings. 'A menu has been developed... It is about making a collective effort on quality, to improve school meals overall and to try and ensure everyone does the same,' Katarina Lindberg, head of the unit responsible for the school diet scheme, told the local Falukuriren newspaper. The school's vegetable buffet will be halved in size and Eriksson's handmade loafs will be replaced with store-bought bread." Continue reading →

Continue ReadingLunch lady slammed for food that is ‘too good’
Read more about the article Analyzing Jamie Dimon’s Bear Stearns “Favor” to the Fed
Freedom Watch

Analyzing Jamie Dimon’s Bear Stearns “Favor” to the Fed

"The $108 million BlackRock contract to trade Maiden Lane was large enough that, had it been designated sole source, it would have to have been approved by the New York Fed's board of directors...which includes Mr. Jamie Dimon. Wouldn't it have been embarrassing to have to disclose that Mr. Dimon voted to approve a dubious no-bid contract to BlackRock to trade the very portfolio of Bear Stearns assets that his firm, JP Morgan, was first in line to absorb any losses? Better for the New York Fed to throw away the file and lie to the GAO (allegedly)." Continue reading →

Continue ReadingAnalyzing Jamie Dimon’s Bear Stearns “Favor” to the Fed

The Debt Transfer Game; Slovakia Needs EUR 264M for ESM

"Slovakia has less than 10 days left to find the EUR 264 million as the first two payments to the the European Stability Mechanism, the EU bailout system. Ironic as it is, Slovakia will have to put itself in debt in order to cover its commitment to the EUR 700 billion ESM, which has been set up to deal with debts of countries in trouble, but can now also be used to bail out banks. The government plans to issue government bonds to raise the required finances at a time when it is also trying to reduce the public finance deficit by introducing a whole series of new taxes and levies." Continue reading →

Continue ReadingThe Debt Transfer Game; Slovakia Needs EUR 264M for ESM

Europe Puts Squeeze on Iran Regime

"The European Union reached a preliminary deal Friday on a broad package of new sanctions on Iran in a fresh push to force Tehran to the negotiating table over its nuclear activities, EU diplomats said. They are set to be signed off Monday when foreign ministers meet in Luxembourg. The new round of sanctions is among the toughest yet adopted against Iran and comes as diplomatic efforts to negotiate a solution to Iran's nuclear program have stalled. The stepped-up European sanctions pressure comes as the U.S. Congress looks to further tighten the economic pressure on Iran." Continue reading →

Continue ReadingEurope Puts Squeeze on Iran Regime

European Union wins Nobel Peace Prize

"While welcomed by European leaders, the award will have little practical effect on the debt crisis afflicting the single currency zone, which has brought economic instability and social unrest to several states, with rioting in Athens and Madrid. On the streets of the Greek capital, where demonstrators have burned Nazi flags to protest against German demands for austerity, the award was greeted with disbelief. The prize, worth $1.2 million, will be presented in Oslo on December 10. It was not immediately clear who from the EU would be there to collect the check and what it would be spent on." Continue reading →

Continue ReadingEuropean Union wins Nobel Peace Prize

Switzerland: the world’s gold hub

"Most of the gold produced in the world transits physically through Switzerland. Four of the world’s major refineries of gold are located on Swiss soil. In 2011, over 2,600 metric tons of raw gold were imported into the country, to a total value of SFr96 billion ($103 billion). This was a record, the quantity having more than doubled over the last ten years, not including the gold that transits through Swiss free ports. What keeps the Swiss refineries going at full pace right now is not so much the demand for semi-finished products for jewellery and watchmaking, but the demand for gold bars." Continue reading →

Continue ReadingSwitzerland: the world’s gold hub