Alternative News

Living on Bitcoin is a real challenge for newlywed couple

"Groceries at home have not been too much of a problem, since one of the first merchants they convinced to accept bitcoins was a local community-supported agriculture operation,La Nay Ferme. They’ve even ordered fertilized chicken eggs using bitcoins, in the hopes of producing some of their own food. And they just announced a special trial run of bitcoin payment with a large grocery store. But on the road, they may have to resort to brown-bagging it between bitcoin-friendly restaurants. Buying gas will probably be the biggest challenge on the road, since it has been tough at home." Continue reading →

Continue ReadingLiving on Bitcoin is a real challenge for newlywed couple

Brooklyn family accuses NYPD of causing father’s fatal heart attack

"The Brooklyn District Attorney will launch an investigation into a botched raid by New York City police following accusations by the Brooklyn family involved that it led to their father suffered a fatal heart attack. WABC-TV reported that 43-year-old Carlos Alcis died early Thursday morning after police entered his family’s home allegedly looking for a suspect in a street attack in the area.Alcis’ family said he collapsed and went into seizures shortly after police entered. One of the victim’s sons, Imaunel alcis, told NY1 that one officer started pumping his heart and asked him to perform CPR, which runs counter to police reports saying officers assisted him." Continue reading →

Continue ReadingBrooklyn family accuses NYPD of causing father’s fatal heart attack

The FBI’s Privileged Partners in Crime

"According to legal scholar Harvey Silverglate, each day the typical American commits three acts that could be treated as felonies by a sufficiently creative federal prosecutor. On a typical day the FBI formally authorizes informants and provocateurs on its payroll to commit fifteen unambiguous crimes. The ATF and DEA also run huge networks of informants, but those agencies will not disclose any information about the number of undercover operatives they employ or the criminal activities in which they may be involved. In his book 'Our Enemy, the State,' Albert Nock observed that government doesn’t seek to abolish crime, but rather to monopolize it." Continue reading →

Continue ReadingThe FBI’s Privileged Partners in Crime

Jim Rogers: Why I’m shorting India

"Hedge fund manager Jim Rogers, who moved to Singapore in 2007 because he thought the centre of the world is shifting to Asia, says India is set to miss out on the Asian century. The chairman of Rogers Holdings says that if there is one country an individual must visit, it has to be India for its 'spectacular sensory feast, beautiful, food, colour and religions', but it is also the worst country to do business in. Rogers also slammed the Indian government’s recent curbs on gold imports, saying Indian citizens had no choice but to buy the metal because they had very little faith in investing in other sectors of its economy." Continue reading →

Continue ReadingJim Rogers: Why I’m shorting India

Paulson’s out… But JP Morgan and Goldman Sachs Are in: Go Long Gold!

"Billionaire John Paulson, who lost over $700 million after April’s gold crash, has cut his holdings by half. As one of the last major institutional holders of gold ETFs, Paulson & Co.’s exit may signal the bottom in the gold market we’ve been waiting for. Two major institutional players also give us reason to be enthusiastic. JP Morgan is advising its customers to go long on gold 'with a four-five week time horizon,' citing further supply squeezing in South Africa and seasonal pickup in India. And Goldman Sachs recently increased its position in SPDR Gold Trust to 4.4 million shares… more than six times what it held at the end of March." Continue reading →

Continue ReadingPaulson’s out… But JP Morgan and Goldman Sachs Are in: Go Long Gold!

Gold, Silver Product Demand Is ‘Very Strong:’ Royal Canadian Mint

"Demand for the Royal Canadian Mint's gold and silver bullion products remains 'very strong,' said an official from the mint on Wednesday. 'Year-to-date, after the second quarter, we've had record volume for silver Maple Leafs, the greatest we've had in the over 25 years that we've produced them. We've seen near-record volume, only second to 2000, year-to-date, for our gold Maple Leafs,' said Chris Carkner, managing director, sales, for bullion, refinery and exchange-traded products at the Royal Canadian Mint. Volatility in the precious metals markets helped demand, he added." Continue reading →

Continue ReadingGold, Silver Product Demand Is ‘Very Strong:’ Royal Canadian Mint

The sweat of the sun, the breath of god: Gold through the centuries

"The Aztecs called gold 'the sweat of the sun.' And the Egyptians: 'the breath of god.' To display his imperial glory, Napoleon gilded Paris in gold. Hitler sought to control all of Europe's gold as support for his '1000-year Reich.' Now, at the outset of the 21st Century, with gold miners on their knees as even the great gold bulls are filled with doubt, this may be an appropriate moment to look at the precious metal with a touch of historical context. Here are some of the statistics gold has racked up over the centuries, courtesy of our friends at the World Gold Council." Continue reading →

Continue ReadingThe sweat of the sun, the breath of god: Gold through the centuries

India’s Worst Economic Crisis Since 1991 When It Had To Airlift 67 Tons Of Its Gold

"At the time, the country had secured a $2.2bn loan, backed by 67 tons of gold reserves. To satisfy the IMF's concerns about access to the collateral, the RBI had to airlift 47 tons of gold to be deposited offshore with the Bank of England and 20 tons of gold with UBS. While such action is unlikely this time around, if the crisis continues to escalate, Asia's third largest economy will struggle to grow. Even though economists still do not expect a contraction, it is now a real possibility. Some weakening of the rupee may have been desirable for exporters, but losing control of the exchange rate was not what the RBI had in mind." Continue reading →

Continue ReadingIndia’s Worst Economic Crisis Since 1991 When It Had To Airlift 67 Tons Of Its Gold

McCain and Graham flipflop on aid to Egypt– after AIPAC speaks up

"Two conservative senators, John McCain and Lindsey Graham, went to Egypt this week to urge Egyptian leaders to show more respect for democracy. McCain and Graham may be Republicans, but they have a lot of clout. They were reported to have the blessing of the Obama administration in making this embassy. Why do they have such clout? One reason is that they are extremely responsive to the Israel lobby. In fact, both men lately flipflopped on a principled statement-- cutting off aid to Egypt -- evidently at the urging of AIPAC, the leading Israel lobby organization." Continue reading →

Continue ReadingMcCain and Graham flipflop on aid to Egypt– after AIPAC speaks up

MSNBC Blames Boston Bombing on “Deeply Racist” Alex Jones

"'Alex Jones may sound crazy, but he has 300 million people that have watched him on YouTube,' said Wagner, characterizing Jones as 'deeply racist,' despite the fact that Jones has preached a message of peaceful, non-violent inclusiveness for the best part of two decades. On the contrary, Alex Jones and Infowars are renowned for communicating a message of non-violence and racial harmony, stemming back from the 90′s when Alex Jones protested against and bullhorned the Ku Klux Klan. In comparison, MSNBC is part owned by General Electric, a titan of the military-industrial complex and one of the biggest arms manufacturers on the planet." Continue reading →

Continue ReadingMSNBC Blames Boston Bombing on “Deeply Racist” Alex Jones