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Congress proposes adding $4.5 billion to historic highs spent on border security

“Federal spending on border security is at an all-time high — and it would get even higher under the Gang of Eight’s new plan. The Senate immigration proposal, released last week, would allocate $4.5 billion in the next five years to tighten control of U.S. borders. The U.S. spent nearly $18 billion dollars on immigration enforcement agencies last fiscal year, more than all other law enforcement agencies combined. The bill requires buying as many drones as needed to have 24/7 surveillance of the Southwest border. The U.S. has already purchased 10 border drones, which cost $18 million a piece and roughly $3,000 an hour to operate.” Continue reading →

Central Banks Load Up on Equities

“Central banks, guardians of the world’s $11 trillion in foreign-exchange reserves, are buying stocks in record amounts as falling bond yields push even risk- averse investors toward equities. Managers of banks’ assets are looking for alternatives to holding government bonds after efforts to stimulate growth from the Federal Reserve, the Bank of Japan and the Bank of England helped send yields near to record lows. Central banks’ foreign- exchange holdings have increased by about $8.5 trillion globally in the past decade, exceeding levels needed for day-to-day currency administration.” Continue reading →

Connecticut: “No Guns, No Gold”

“You probably know about the gun control bill that was voted into law this month. Gun manufacturers are threatening to move out of the state. The story is here. The state is now about to shut down all coin stores. A bill to require complete record-keeping on all sales, including photos of every coin sold, and recording the ID of every buyer and seller, is about to be passed into law. The cost of complying will shut down the stores.” Continue reading →

Missouri senate votes to stop issuing driver’s licenses after concealed carry records leak

“Missouri state senators on on Monday voted to eliminate all funding for the Department of Revenue’s driver’s license bureau because they were angry about the way the agency was keeping concealed carry gun records. Senate Appropriations Committee Chairman Kurt Schaefer (R) said that he had created that draconian cuts to send a message to Democratic Gov. Jay Nixon’s administration. In addition to $3.5 million of funding for the driver’s license offices, Schaefer is also targeting the Department of Public Safety and computer operations at the state Office of Administration because they had a role in sharing concealed carry records.” Continue reading →

FDA, FBI Raid Tulsa Cancer Clinic

“A U.S. Food and Drug Administration investigation shut down a Tulsa cancer clinic Tuesday afternoon. Federal agents showed up at Camelot Cancer Care in south Tulsa around 11 a.m. and served a search warrant. Sam Bass said his father-in-law took $13,000 out of his savings to pay for a 20-day treatment program. But as they left Camelot, FDA and FBI agents showed up. Bass said they asked him to leave his wife’s medication behind. Sam said his wife’s treatment program did include Laetrile. The chemical, which is found in the pits of some fruits and nuts, is also listed on Camelot’s website. But, it’s not approved by the FDA.” Continue reading →

Google shows requests for censorship have reached new highs

“Google on Thursday released data showing that requests by governments to censor the Internet giant’s content have hit new heights, with Brazil and the United States leading the way. Google received 2,285 government requests to remove content from it properties, including YouTube and search pages, in the second half of last year as compared to 1,811 requests in the first six months, according to its latest Transparency Report. The requests related to 24,179 pieces of content, up from 18,070 items, the California-based Internet giant said.” Continue reading →

Thatcher’s funeral cost British taxpayers $2.5 million

“Margaret Thatcher’s funeral cost British taxpayers an estimated £1.6 million, with a further £2 million spent on police who would have been on duty anyway, Downing Street said Thursday. Though never likely, back-of-an-envelope newspaper guesses in the run-up to the former prime minister’s funeral last week estimated the cost at £10 million. That inflamed far-left activists, angry at the expenditure on the Conservative titan amid the public spending cuts aimed at reining in Britain’s budget deficit. Of the £1.6 million figure, £1.1 million went on policing and security, Downing Street said. The remaining £500,000 was spent on ceremonial costs.” Continue reading →

Bill Bonner: Is the economy is weaker than we think?

“We don’t like the looks of it. Advisors are too bullish. Investors are too complacent. The financial authorities are too confident. All up and down Wall Street, in central banks and in Washington, the stuff that goeth before the fall is thick, sticky, and stinky. The economy is recovering, they say. The Fed has the situation in hand, they add. Don’t worry, we know what we’re doing, they assure us. Barron’s says the Dow is going to 16,000, illustrated with a picture of a bull on a pogo stick. Abe says he’ll revive the Japanese economy with more money. And speculators take each hint from the Fed as though it were a whisper from God Himself.” Continue reading →