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Bill Bonner: Why do we have this credit-based money?

“Because governments are essentially a way for the insiders (who control the police power of the state) to take power and money from the outsiders. Cicero once described the two groups as the ‘Optimates’ on one side and the ‘Populares’ on the other. You might also think of them as the elite and the hoi polloi…or the privileged classes and the riff-raff. The critical difference between the two is that the elites…the optimates…the insiders…have the government in their pocket. The others do not. Bullion-based money is a natural limitation on the ability of the elite to rob the rest of the population.” Continue reading →

Now They Want Your Passwords

“For a dozen years, the FBI and NSA have spied on Americans and shredded the Constitution. They say the Patriot Act “authorizes” their abuses. That means… If you repeal the Patriot Act, they have NO authorization! This is increasingly urgent, because their snooping is only getting worse… The feds are demanding web firms hand over master encryption keys that shield my private Internet activities (http://shar.es/kR364)
– and they even want my passwords! (http://shar.es/kRHgV) Hacking into my private data and communications is THE SAME THING as going through my possessions and papers without a court-issued search warrant.” Continue reading →

Government releases declassified documents on NSA spying authorization

“The U.S. Director of National Intelligence released three declassified documents that authorized and explained the bulk collection of phone data, one of the secret surveillance programs revealed by former National Security Agency contractor Edward Snowden. The declassification was made in the ‘interest of increased transparency,’ the Office of the Director of National Intelligence said in a statement. Much of what is contained in the documents has already been divulged in public hearings by intelligence officials as they sought to detail what was initially disclosed by Snowden.” Continue reading →

ObamaCare Dropping Full-Timers at Schools, Local Governments

“School districts in states like Pennsylvania, North Carolina, Utah, Nebraska, and Indiana are dropping to part-time status school workers such as teacher aides, administrators, secretaries, bus drivers, gym teachers, coaches and cafeteria workers. Cities or counties in states like California, Indiana, Kansas, Texas, Michigan and Iowa are dropping to part-time status government workers such as librarians, secretaries, administrators, parks and recreation officials and public works officials. The federal law forces employers with at least 50 full-time workers to cover at least 60% of health-care costs for employees who work 30 hours or more per week.” Continue reading →

Unions: Obamacare Will ‘Destroy The Very Health and Wellbeing’ of Workers

“The Affordable Care Act has a new, high profile set of dissenters: Unions. The leaders of three major U.S. unions, including the highly influential Teamsters, have sent a scathing letter to Democratic leaders in Congress, warning that unless changes are made, President Obama’s health care reform plan will ‘destroy the foundation of the 40 hour work week that is the backbone of the American middle class.’ If that’s not bad enough, the Affordable Care Act, if not modified, will ‘destroy the very health and wellbeing of our members along with millions of other hardworking Americans,’ the letter says.” Continue reading →

Alabama’s becomes ‘shall issue’ concealed carry state

“Starting tomorrow, Aug. 1, Alabama’s new comprehensive gun law takes effect, which among other things will make the Heart of Dixie a ‘shall issue’ state as opposed to a ‘may issue’ state with respect to concealed carry and will allow law-abiding gun owners to store firearms in their vehicles while they’re at work. However, there’s way more to it than that and given the fact that there has been so much uncertainty about the new law and how it impacts gun owners, businesses, colleges, universities and the non-gun owning public, below is arguably the best explanation of the new law on the Web.” Continue reading →

Concealed Guns Are Now Legal in Illinois (But Not Chicago)

“If you have a gun and want to carry it without being bothered by local law enforcement, you will have to travel a bit outside of metro Chicago. But not too far. Even though Illinois’ new concealed carry law is on the books, the actual state permitting process is not ready to go and won’t be for months. Regardless, the I-Team has identified 14 counties where authorities say you may not be arrested for carrying a gun. With this week’s override action by the General Assembly, Illinois was the 50th state to allow concealed carry.” Continue reading →

NSA director Keith Alexander insists mass surveillance programs respect privacy

“Alexander, who is usually shy of publicity, attempted to win over the 7,000-strong gathering of industry professionals in Las Vegas as part of a charm offensive to contain the damage and deter Washington from curbing the programmes. Security guards confiscated eggs – presumably intended to be thrown – minutes before the NSA chief spoke. A few hecklers interrupted, accusing him of ‘lying’, ‘bullshitting’ and not reading the constitution. ‘I have read it. So should you,’ he shot back, earning laughs and applause. He praised the audience and invited them to help improve NSA. The performance won over the hackers, who applauded warmly at the end.” Continue reading →