Alternative News

Glenn Greenwald: U.S. should be ‘on its knees begging’ that nothing happens to Snowden

"'Snowden has enough information to cause harm to the U.S. government in a single minute than any other person has ever had,' said Greenwald. “The U.S. government should be on its knees every day begging that nothing happen to Snowden, because if something does happen to him, all the information will be revealed and it could be its worst nightmare.' Snowden is currently working with Russian authorities to secure temporary asylum in that country. He said Friday that U.S. officials are blocking every effort he makes to seek safe passage to any place that will not extradite him into U.S. custody." Continue reading →

Continue ReadingGlenn Greenwald: U.S. should be ‘on its knees begging’ that nothing happens to Snowden

The Hidden Edge of Junior Mining Companies

"The problem with investing in natural resource projects, says Rick Rule, is that there’s a very low chance of success for any individual property. 'When I was in university, some forty years ago, the experts claimed that roughly one in three thousand mineralized anomalies (exploration targets) would become a mine,' Rick explained. 'With those odds of success, any particular property has a pretty slim chance of being worth something. The way people are successful in this business is by identifying the opportunities with the best characteristics – and having the ability to quickly figure out what’s in the ground.'" Continue reading →

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Fed Puzzle: The Massive Collapse in Money Velocity

"With the velocity of money plummeting, it's clear that something in the fractional reserve banking system is broken -- the money remains trapped in the financial system. Yet another indicator of this is the Fed's Money Multiplier, or an indicator of how the money injected in the banking system is multiplied by lending and economic activity. That's reached new lows recently too, indicating that the fractional reserve system is not living up to expectations. This means that traders with access to large amounts of cheap trading capital can continue to make big bets as the Fed supports their access to capital -- but small businesses can't get the same access to capital." Continue reading →

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Bitcoin a Refuge For Argentines Tired of Government’s Currency Despotism

"Bitcoin's popularity in the U.S. is gradually rising as it branches out from tech-savvy and libertarian circles into the mainstream financial world. But who may benefit most from the technology are residents in countries like Argentina, where independent observers estimate inflation at 25 percent and the government imposes strict capital controls. The price of Bitcoins in Buenos Aires are about 30 to 40 percent higher than those in neighboring Uruguay, and last week, a Bitcoin Meetup brought 150 Argentines to the nation's capital to discuss the advance of the technology in the country." Continue reading →

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Is This the Future of Bitcoin?

"When it comes to Bitcoin, the fast-growing 'digital currency,' there are good ideas, bad ideas and pie-in-the-sky ideas galore. All of these were on display Thursday night when more than 300 Bitcoin investors and entrepreneurs gathered at Microsoft’s (MSFT) sleek, marble-lined offices in New York City to show off their Bitcoin-based business ideas, munch on free pizza, and ruminate on the future of virtual currency in the company of other enthusiasts. Bitcoin has inspired a range of potential businesses, from physical Bitcoin ATMs to trading platforms, to services that pay videogamers in Bitcoins." Continue reading →

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Rand Paul Introduces Bill To End Foreign Aid To Egypt

"On Thursday Sen. Rand Paul introduced legislation to prohibit the United States from sending foreign assistance to the government of Egypt, as a result of the country’s military coup d’état on July 3, 2013. This week, it was reported that the Obama Administration was moving forward with plans to deliver four F-16 fighter jets to Egypt despite the political unrest in the country. Earlier this year, the Senate voted against an amendment introduced by Sen. Paul that would have prohibited the U.S. government from selling F-16 military aircraft, M1 tanks, and similar military weapons to the Egyptian government." Continue reading →

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Oregon: Jesus Malverde Medallion Did Not Justify Traffic Stop

"The Oregon Court of Appeals on Thursday rejected the argument that an image of Jesus Malverde in an automobile is suspicious enough to warrant a search for drugs. When Trooper Wells came to the window to ask Manuel Meza-Garcia for his license and registration, the trooper's suspicion was heightened after he noticed something near the windshield. The appellate judges refused to consider the medallion as evidence and instead rejected the other assertions police used to search Meza-Garcia. The trooper insisted it was inherently suspicious to have two people driving with two cell phones north on I-5 without visible luggage." Continue reading →

Continue ReadingOregon: Jesus Malverde Medallion Did Not Justify Traffic Stop

Oregon: Jesus Malverde Medallion Did Not Justify Traffic Stop

"The Oregon Court of Appeals on Thursday rejected the argument that an image of Jesus Malverde in an automobile is suspicious enough to warrant a search for drugs. When Trooper Wells came to the window to ask Manuel Meza-Garcia for his license and registration, the trooper's suspicion was heightened after he noticed something near the windshield. The appellate judges refused to consider the medallion as evidence and instead rejected the other assertions police used to search Meza-Garcia. The trooper insisted it was inherently suspicious to have two people driving with two cell phones north on I-5 without visible luggage." Continue reading →

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If Nook goes bust, will your e-books survive?

"This leaves Nook customers with a big problem. If Barnes & Noble stops production on all Nooks, experts says, Nook owners would have a hard time moving their libraries. In fact, customers are already grappling with that very issue on online forums. The reason: Most e-books carry digital rights management software, or DRM, which prevents them from being pirated, passed on to third parties or, in this case, transferred onto another device by the same consumer. Currently, downloading e-books onto one device and even trying to read or access them on another can be a time-consuming and complicated endeavor." Continue reading →

Continue ReadingIf Nook goes bust, will your e-books survive?

Kyle Bass: “The Next 18 Months Will Redefine Economic Orthodoxy For The West”

"The topics he focuses on are Central bank expansion (with a mind-numbing array of awe-full numbers to explain just where the $10 trillion of freshly created money has gone), Japan's near-term outlook ('the next 18 months in Japan will redefine the economic orthodoxy of the West'), and most importantly since, as he notes, 'we are investing in things that are propped up and somewhat made up,' the psychology of negative outcomes. The latter, Bass explains, is one of the most frequently discussed topics at his firm, as he points out that 'denial' is extremely popular in the financial markets." Continue reading →

Continue ReadingKyle Bass: “The Next 18 Months Will Redefine Economic Orthodoxy For The West”