Bipartisan Tennessee Establishment Protects NSA Spying

One Tennessee Democrat joined three Republicans to kill a bill that would have prohibited the state from admitting illegally gathered data as evidence in court. As amended, HB1907 would have barred the introduction of data or metadata in state court unless it was gathered under a warrant issued in accordance with state law; an order…

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Bank of Japan To Double ETF Purchases in Next Round of Easing

“Japan’s central bank will probably double purchases of exchange-traded funds in a second round of monetary easing under Governor Haruhiko Kuroda anticipated in coming months, a Bloomberg News survey of economists shows. The Bank of Japan, which tomorrow is forecast to leave unchanged a 60 to 70 trillion yen target for yearly expansion of the monetary base, will increase annual ETF buys to 2 trillion yen, according to a survey of 36 analysts. Evidence of budding inflation expectations among Japan’s companies may restrain more ambitious plans, such as open-ended ETF purchases, even as the economy slows because of this month’s sales-tax increase.” Continue reading

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Jim Rogers: Buy Russia & China

“Russia is very, very cheap, and it’s a very neglected stock market with enormous natural resources. I first went to Russia in 1966 and came away negative, and I stayed negative for the next 46 years, so it’s been a long-term bear for me. But in recent months I’ve started changing my views and have started buying shares in Russia. Another one might be Japan. I don’t know if Japan is ignored or not, but it’s down 60-70 percent from its all-time highs, so it’s still neglected to some extent. In 20 years, we’ll look back at Japan, and its death knell will be what Mr. Abe did in 2012-2014. But in the meantime, there are staggering amounts of money and spending, and printing has to go somewhere.” Continue reading

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Interview with finance guru, entrepreneur Jeff Berwick

“I personally save a percentage of the profits of all my Bitcoin revenue I receive with no plans to sell. I have been offering every product that my companies offer for Bitcoin for three years now so I have been constantly squirreling away bitcoins. We have sold passports, offshore bank accounts and corporations, newsletter subscriptions to TDV and even condos that I offer through my company in Acapulco, AcaCondos and rentals at my hotel in Acapulco, Las Torres Gemelas Private Suites for bitcoins and as I stated my strategy is to keep a large percentage of my profit on those transactions in Bitcoin.” Continue reading

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Federal Bank VP: Bitcoin Threat Means Banks Must ‘Adapt or Die’

“On 31st March, the Federal Reserve Bank of St. Louis – one of the 12 Federal Reserve banks – held a talk on bitcoin from a banking and economic viewpoint. The session, entitled ‘Bitcoin and Beyond: The Possibilities and the Pitfalls of Virtual Currencies’, was presented by economist David Andolfatto, who is Vice President at the bank and a professor at Simon Fraser University. Andolfatto is sure that, ultimately, new systems will upend the monetary hierarchy of today – eventually forcing substantial changes within the banking and payments industry.” Continue reading

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Minnesota Senator Introduces Bill to Nullify Federal Gun Control

The Minnesota state Senate has introduced a bill which would nullify any past, present or future gun control laws handed down by the feds. SF2852 declares that “all federal acts, laws, orders, rules, regulations, whether past, present, or future, in violation of the Second Amendment to the Constitution of the United States are not authorized…

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Utah Governor Signs Bill to Restrict Drone Use

Known as the “Government Use of Unmanned Aerial Vehicles Act,” SB167 states that “a law enforcement agency may not obtain, receive, or use data acquired through an unmanned aerial vehicle unless the data is obtained pursuant to a search warrant; in accordance with judicially recognized exceptions to warrant requirements.” It also requires state government agencies to report drone use to the public.

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