Alternative News

Busted California Cities: Pension Liabilities

"New accounting standards are being applied by Moody’s to cities. It turns out that the two biggest cities in California — Los Angeles and San Francisco — are way deeper in the hole than previously admitted. But wait! There’s more! San Jose will be downgraded. So will Inglewood ('The Hood'). So will Azusa. The total unfunded liabilities for the state are now over $320 billion. That’s up from $128 billion. In one shot. California is not alone." Continue reading →

Continue ReadingBusted California Cities: Pension Liabilities

Now Available for You to Buy: America’s Most Expensive Home, $190 Million

"The Greenwich, CT house has 12 bedrooms and comes with 50 acre of grounds. The house is currently owned by timber industrialist John Rudey, reports the UK's MailOnline. The estate once belonged to Harriet Lauder Greenway, whose father went into business with steel magnate Andrew Carnegie. The three story property was built in 1896 and still has speaking tubes from pre-electricity days and sleeping porches used to cool off before the invention of air conditioning as well as an elaborate solarium. There is 15,000 feet of living space." Continue reading →

Continue ReadingNow Available for You to Buy: America’s Most Expensive Home, $190 Million

Jim Rogers: 50% Correction in Markets not Uncommon

"Jim Rogers sat down with Kitco News during FreedomFest to talk about gold, the fed and the current state of the markets. Rogers explains his book 'Street Smarts' and shares his experiences living in Singapore. Watch now to hear what he has to say about the US economy and the recent corrections in gold prices." Continue reading →

Continue ReadingJim Rogers: 50% Correction in Markets not Uncommon

India to settle oil trade dues with Iran in rupees

"India will settle all oil trade including USD 1.53 billion in dues with Iran entirely in rupees after the US-engineered illegal sanctions against Tehran blocked all other payment routes. In June, India along with China, Malaysia, South Korea, Singapore, South Africa, Sri Lanka, Turkey, and Taiwan won a 180-day waiver from the US sanctions against Iran's energy sector. Indian Ambassador to Iran D. P. Srivastava said on Wednesday that New Delhi is determined to continue cooperation with Tehran despite the illegal US-engineered sanctions against the Islamic Republic." Continue reading →

Continue ReadingIndia to settle oil trade dues with Iran in rupees

Illegal gold mining costs Uganda millions in lost revenue

"As a result of Uganda's central bank deregulating gold sales, local production has increased. The precious metal accounts for 30% of Uganda's export revenue. Illegal mining is having such an impact that experts say it must be stopped in order to shore up revenue collection. A government official said the issue is so alarming that the country exported none of its own gold in April, while Kenya exported 40 kilograms of smuggled Ugandan gold. Some citizens have said police are not responding to calls for them to act on illegal activities. Other reports indicate government officials are profiting from illegal operations through illicit tax collection." Continue reading →

Continue ReadingIllegal gold mining costs Uganda millions in lost revenue

Why South Africa’s Currency Has Been Getting Destroyed

"The South African rand (ZAR) is getting absolutely brutalized lately. The currency has fallen from levels around 9.00 against the U.S. dollar just three weeks ago to levels around 10.00 today. 'The key negative risk from headlines out of the mining sector wage negotiations is playing out in a text book fashion – alongside plummeting gold prices and rising [U.S. Treasury] rates – creating a perfect storm for ZAR,' write Bank of America Merrill Lynch currency strategists. The ongoing unrest in South Africa's mining sector – which relies heavily on exports of gold and other metals – is dragging down the country's economy." Continue reading →

Continue ReadingWhy South Africa’s Currency Has Been Getting Destroyed

Shocker: Only 1% of So Called Terrorists Nabbed by the FBI Were Real

"An undercover informant or agent posing as an Al-Qaeda operative gives them everything they need… gives them the transportation, gives them the money if they need it, and then gives them the bomb and even the idea for the terrorist attack. And then when that person pushes a button to detonate the bomb that they believe will explode—a bomb that was provided to them in whole by the FBI—agents rush in, arrest them and charge them with conspiracy to use a weapon of mass destruction and then parade that person out to the public saying, 'Look at us. We caught a terrorist. This is us keeping you safe.'" Continue reading →

Continue ReadingShocker: Only 1% of So Called Terrorists Nabbed by the FBI Were Real

Propaganda Ban Repealed As Government-Made News Floods U.S.

"For decades, a so-called anti-propaganda law prevented the U.S. government’s mammoth broadcasting arm from delivering programming to American audiences. But on July 2, that came silently to an end with the implementation of a new reform passed in January. The result: an unleashing of thousands of hours per week of government-funded radio and TV programs for domestic U.S. consumption in a reform initially criticized as a green light for U.S. domestic propaganda efforts. The law, the Smith-Mundt Modernization Act of 2012, was passed as part of the 2013 National Defense Authorization Act. The repeal of the propaganda ban went into effect this month." Continue reading →

Continue ReadingPropaganda Ban Repealed As Government-Made News Floods U.S.

Florida Mom Gets 20 Years For Firing Warning Shot After Attack

"The case is receiving renewed media attention after the Zimmerman verdict, because Marissa Alexander pled self-defense under Florida's stand your ground law. She claims that her ex-husband attacked her and made her fear for her life. She had already taken out a protective order against him after he had assaulted her, including one incident that put her in hospital. She had never been in trouble with the law before her arrest. Alexander was offered a three year sentence if she pled guilty to aggravated assault, but she rejected the deal because she believed she'd done nothing wrong." Continue reading →

Continue ReadingFlorida Mom Gets 20 Years For Firing Warning Shot After Attack

Florida Mom Gets 20 Years For Firing Warning Shot After Attack

"The case is receiving renewed media attention after the Zimmerman verdict, because Marissa Alexander pled self-defense under Florida's stand your ground law. She claims that her ex-husband attacked her and made her fear for her life. She had already taken out a protective order against him after he had assaulted her, including one incident that put her in hospital. She had never been in trouble with the law before her arrest. Alexander was offered a three year sentence if she pled guilty to aggravated assault, but she rejected the deal because she believed she'd done nothing wrong." Continue reading →

Continue ReadingFlorida Mom Gets 20 Years For Firing Warning Shot After Attack