Stefan Molyneux: Finding Your Tribe
"Stefan Molyneux talks to the third caller on the 6/30 Freedomain Radio Sunday Show about escaping zombie relationships, how people are broken, and taking the initiative to find your own tribe." Continue reading →
Greek Stocks Fall After Failed Gas Company Sale
"Greek stocks fell sharply after the country failed to attract a single bid for Depa, a natural-gas company it is selling, a significant setback to its effort to raise billions of euros from the sale of state assets this year. A failure by Greece to meet its privatization targets would limit Athens's ability to meet its debt targets and could require the government to take additional austerity measures that would hurt the economy. Greece's bailout agreement requires the government to use additional spending cuts to cover 50% of any shortfall in raising funds via privatizations." Continue reading →
All Eyes on Europe This Summer
"Nothing, and I mean nothing, has been solved in Europe. The crisis will soon escalate with a vengeance. When, not if, Europe’s economy roils again, likely later this summer: First, you’re going to see trillions of euros stampede for the exits. Second, that will likely send global interest rates rocketing higher. Third, it’s going to send the U.S. dollar into rally mode, right along with gold. Fourth, it’s also going to send our stock markets roaring higher. Fifth, it’s going to give you many profit opportunities to potentially make more money that you ever dreamed of. In stocks. In commodities. In the dollar. And in gold and silver." Continue reading →
Telegraphing the Turnaround in Gold
"While the current correction hasn't been as deep as that of the mid-'70s, the decline is already longer, and it's the most prolonged of the current cycle. It is thus reasonable to expect gold to take two years or more to regain the $1,900 level and continue beyond. Barring a black swan event, gold will likely log its first annual loss since 2000 this year. However, it's not all bad news, as the chart shows: gold nearly doubled in the two years from its '76 low to its '78 return to former highs. The message here is obvious: add to your inventory at depressed levels. And don't worry about missing the bottom." Continue reading →
Jim Rogers: Gold Mining Stocks Face Two Major Headwinds
"I've been in the investment world a long time and I know that things can stay below the cost of production for years. It takes a long time for people to believe they have to close their mines. It costs money to close a mine, it costs money to re-open a mine, so people are reluctant to close mines. So you can see any commodity staying below the cost of production for a while, especially if it's something like a mine which is expensive to close, and expensive to open. Some people are not going to be able to open mines because of what's happened. But then you're going to eventually have people close mines, and eventually, like I said it's going to work its way out." Continue reading →
Politicians, Staff Threaten To Quit Over Obamacare Exchange Mandate
"I had some fun back in April when I noted that politicians and staff on Capitol Hill were getting very agitated about having to be part of Obamacare. Well, it seems that the way the law applies to them is so costly that many of them are thinking about calling it quits. Here are some of the heartbreaking details. Because of sloppy legislative language in Obamacare, it appears that the politicians and Hill staffers will have to pay for health insurance with after-tax dollars out of their own pockets. If things get too hard for those blokes and gals, maybe the powers that be on the Hill can re-hire the grief counselors who were put on the payroll after the 2010 elections." Continue reading →
De-Postal Monopoly: Feinstein’s Sweetheart’s Deal
"Senator Diane Feinstein is married to the CEO of the largest commercial real estate services firm in the U.S. The U.S. Postal Service is going bust, because it can no longer compete. It has a monopoly, but it’s market is shrinking. The U.S.P.S. is selling off 41 post offices and 11 other properties. Always before, it hired multiple firms to do this. That made sense. Real estate is local. It has over 500 more properties scheduled for sale. This time, the U.S.P.S. awarded an exclusive contract to one firm to unload these post offices. Amazing as it may seem, Feinstein’s husband’s firm got the contract. It was just one of those things, just one of those crazy things." Continue reading →
Mission Accomplished: China Gets Half of Iraq’s Oil.
"You may remember the promise of the neocons in 2003: America’s war with Iraq would be paid for by Iraqi oil. Besides, the war would cost only $50 billion — $60 billion, tops. The war cost $2.2 trillion — $3 trillion, tops — and the oil is being gobbled up by China. The story of how China is buying almost half of Iraq’s oil has not gotten much attention. It does not seem to be consistent with President Bush’s war aims. But that’s how the fortune cookie crumbles. The war cost the Chinese government nothing. It is now using its newly printed counterfeit money to buy the oil that it could not legally buy under the Clinton Administration’s oil export restrictions on Iraq." Continue reading →
Mali to Ban Native Gold Mining … Was Jim Willie Right About French Gold Seizures?
"The French not so long ago invaded the impoverished African country of Mali. This invasion was said to have been caused by French concern that Al Qaeda mercenaries from Libya (also destabilized by the French, Americans, NATO, etc.) were finding sanctuary and beginning a further destabilization. If this report by RT is correct, Willie's suspicions look to have been confirmed. Under guise of concern about local mining and lack of taxes, the Mali 'government' has decided to shut down the industry in favor of broad, outside prospecting. Swiss surveyors and other representatives of international mining firms are arriving in Mali to take over from the locals." Continue reading →
Colorado Democrats fail to stave off recall efforts after supporting gun control
"Giron and Morse are being targeted for recalls because they both supported gun control measures. Gun-rights activists say Democrats went too far curbing gun rights with two of the measures — one to restrict ammunition magazines and another to expand required background checks. Democratic Gov. John Hickenlooper would ultimately set the recall election dates, but not before legal challenges are exhausted. If Morse and Giron face recall elections, they'd be the first state lawmakers to go to a recall vote since Colorado adopted the recall in 1912. Grueskin, the lawyer making both recall challenges, has said he'd appeal decisions to the Denver District Court." Continue reading →