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Maryland cop probed for installing camera in boys’ school bathroom

“A police officer in Maryland has had his ‘police powers’ suspended after he was accused of installing a camera in the boy’s restroom at Glen Burnie High School. A spokesperson for the Anne Arundel County Police on Thursday confirmed that the 14-year veteran had installed the camera, according to WJZ. Details of what had been recorded and why were being investigated. Police said that a boy discovered the hand-held camera in the top corner of the restroom and reported it to school officials on Wednesday morning. ‘We do not know that the officer’s intentions were,’ Lt. T.J. Smith explained.” Continue reading →

You thought the whole ‘EUSSR’ thing was over the top? Have a look at this poster

“For three generations, the badge of the Soviet revolution meant poverty, slavery, torture and death. It adorned the caps of the chekas who came in the night. It opened and closed the propaganda films which hid the famines. It advertised the people’s courts where victims of purges and show-trials were condemned. It fluttered over the re-education camps and the gulags. For hundreds of millions of Europeans, it was a symbol of foreign occupation. Yet here it sits on a poster in the European Commission, advertising the moral deafness of its author (I hope that’s what it is, rather than lingering nostalgia).” Continue reading →

Saturday Night Live – Cold Opening: Sequester

“With government sequestration looming, President Obama show cases how deep cuts will impact ordinary working Americans.” Continue reading →

Housing: Addicted to Fiat Money

“We are told that the housing recovery is strong. Then why is the best-performing new home building stock losing money? The Federal Reserve is buying about $40 billion worth of Fannie Mae and Freddie Mac bonds every month in order to sustain the present housing recovery. How is this market going to be sustained when the Federal Reserve finally stops creating half a trillion dollars a year worth of fiat money in order to goose the housing market? This is clearly the most manipulated market in the history of the United States. Bernanke and his associates have decided that it is the Federal Reserve’s job is to subsidize housing in the United States.” Continue reading →

Wonder how bad legislation gets passed? Probably not, but in case you do…

This is Colorado, but it could be anywhere (“Pass the bill to see what’s in it“?): This would be the same Colorado Democrat, Evie Hudak, who *bungled stats and dissed a rape victim. So yeah, don’t read the pesky words, just flip a coin. Head it passes, tails it doesn’t. And we the people who […]

Peter Schiff Global Investor Newsletter – March 2013

“The Keynesians have overlooked a much more dangerous and demonstrable pitfall of their own creation: something that I call ‘The Stimulus Trap.’ This condition occurs when an economy becomes addicted to the monetary stimulus provided by a central bank, and as a result fails to restructure itself in a manner that will allow for robust, and sustainable, growth. The trap redirects capital into non-productive sectors and starves those areas of the economy that could lead an economic rebirth. The condition is characterized by anemic growth (masked by the delivery of perpetual stimulus) and deteriorating underlying economic fundamentals.” Continue reading →

Peter Schiff: Cyprus Lifts the Curtain

“The decision to inflict pain on both large and small depositors was almost universally described as a historic blunder. But the mistake was to do so in a manner that was not camouflaged by financial smoke and mirrors. In truth, rank and file depositors have been paying, and will continue to pay, for all manner of bailouts and stimulus. Whether it’s through lower interest payments on deposits, inflation, higher taxes, higher borrowing costs, or the accumulation of unsustainable sovereign debt, Cypriots will bear the burden of past profligacy. But the new plan for Cyprus was far too transparent, simple, and direct to survive in a world dependent on deceit and obfuscation.” Continue reading →

Spoiled greens

“Ever since the Illícitos Cambiarios Law was approved in 2010, buying, selling, and even mentioning the price of black market dollars in Venezuela has become a crime punishable by up to 7 years in prison. The answer to this legal gag on all things dollar-related was a flourishing black market, which has spawned its own little sub-culture, jargon (Lechuga Americana, Lechuga Europea, Lechugas en hojas frescas, Lechugas Amazónicas), code-words (1000 a 25. Transfer. Norte. Inbox me.), and a host of anonymous Twitter accounts that helpfully quoted daily reference prices, which, as we established, is illegal.” Continue reading →