Network Archives

Cyprus: 16 months of capital controls, banks still pitifully capitalized

"It’s been over a year since the banking system in Cyprus officially went bust. On Friday, March 15, 2013, practically everyone in the country went to bed thinking that everything was just fine. Many had probably gone to the bank that very day to do business, or logged on to an Internet banking platform. Yet the very next morning, they woke to a completely new reality: the nation’s banks were broke, and the government was in no position to rescue them. All the promises they had been told about government guarantees and having a ‘well-regulated’, sound banking system turned out to be lies." Continue reading →

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IMF pronounces Bulgaria’s banks safe, 2 weeks before bank run

"Earlier this summer, IMF bureaucrats went to Sofia, Bulgaria to study the country’s economic progress. And roughly a month ago, they released an official report which stated, among other things, that Bulgarian banks are 'stable and liquid.' Talk about epic timing. Because less than two weeks later, Bulgaria’s banking system was in the throes of a full-blown crisis. There was a run on two of the nation’s largest banks—several hundred million dollars had been withdrawn in a matter of hours. And the Bulgarian central bank had to step in and take over both of them or risk a collapse in the entire system." Continue reading →

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Extreme Violations of Your Rights Call For Historic Resistance

Is the  OffNow strategy  too extreme? Does shutting off water and electricity to spy agency facilities go too far? Some people think so. I’ve had people tell me that they don’t really approve of NSA spying, but we should remember the agency also does some good things. We shouldn’t go too far in our efforts…

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New Drone Film Raises Important Questions

DRONES, a film available on demand from iTunes and Amazon, follows two drone operators on a remote location as they face moral dilemmas while tasked with killing suspected terrorist operatives. And while it focuses on the use of drones on the foreign battlefield, the film addresses issues that will soon face us right here at…

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Backbone: Something lacking in politicians at every level

BACKBONE. This is something that is seriously lacking from politicians in virtually every office at every level of government in this country. But that is not going to deter us – as we pressure state and local governments to recognize that resisting federal power is in their best interest. And where they refuse to act,…

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Selective Enforcement Shows Obamacare Nullification Urgently Needed

More people are receiving exemptions from Obamacare. This time, it is those living in the U.S. territories. Residents in those areas will not have to deal with many of the provisions in President Obama’s “signature achievement.” According to a July 18 Reason.com report, “Marilyn Tavenner, the administrator of the Centers for Medicare and Medicaid Services,…

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James Madison’s Advice: Refuse to Comply!

James Madison advised a “refusal to cooperate with officers of the Union” as a way for people and states to push back against unconstitutional or unpopular federal acts. READ IT: http://tenthamendmentcenter.com/2014/04/21/federalist-46-influence-of-state-and-federal-governments/

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Bill Bonner: The Dumbest Investment Mistake You Can Make

"There could be a 15-day cooling off period… which could be extended by the Fed, in the interest of market stability. Economists don’t know what will work because no one can know what the future will bring. But we all know what won’t work: central financial planning. Likewise, investors can’t consistently choose good investments; because they don’t really know the future. All they can know is what isn’t true and, knowing that, avoid bad investments. That’s why investing is often called a 'loser’s game.' You don’t win by choosing winning investments; you win by not losing. You don’t win by pretending to know what is true; you win by knowing what is false." Continue reading →

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