Alternative News

The French National Sport Is Taxation, not Soccer

"It seems that Monaco’s fiscal policy is good for the local soccer team. But it seems there’s a controversy in this fiscal paradise. Or, to be more accurate, there’s a controversy in the tax hell next door. The French are complaining that lower tax rates are an 'unfair' form of tax competition. So how did the French react? By engaging in their true national sport – imposing higher taxes. Naturally, their 'solution' is to impose higher taxes in Monaco, not to lower taxes in France. It’s also worth noting that the French approach won’t work. The French soccer league will continue to lose top players so long as the government has a 75% tax system." Continue reading →

Continue ReadingThe French National Sport Is Taxation, not Soccer

Very Bad News for Europe’s Young People

"Big business, big labor, and big government are getting together and considering a €100 billion slush fund that will line their pockets. They want us to believe this will lead to more jobs for young people, but they overlook (and hope we’re unaware of) Bastiat’s warning about the seen and the unseen. Expanding the EIB will simply divert resources from more productive uses. So what’s the answer? Here’s what I recommended as part of some speeches earlier this month in Europe. I began with what should be a common-sense observation that businesses won’t create jobs unless they think new workers will add to the bottom line." Continue reading →

Continue ReadingVery Bad News for Europe’s Young People

More than half of Americans disapprove of Obamacare

"A majority of Americans say Obamacare will make things worse for their families and the nation overall, a poll released on Thursday found, highlighting the challenges his administration still faces in winning over the public. Overall, the survey of nearly 2,050 adults showed 52 percent disapprove of the 2010 law aimed at expanding access to health insurance for millions of people, according to Gallup. Another 44 percent said they back the changes. Among those polled, 42 percent said it would make their family’s healthcare situation worse while 33 percent said it would have little impact. Just 22 percent said they thought it would help, the poll showed." Continue reading →

Continue ReadingMore than half of Americans disapprove of Obamacare

Major Counter-Terrorism Expert: Hastings Car Crash “Consistent with a Car Cyber Attack.”

"Counter-terrorism expert Richard Clarke says that the circumstances of Michael Hasting’s car crash were 'consistent with a car cyber attack.' While hastening to add that he was not saying the crash was a purposeful attack, Clarke stated that 'There is reason to believe that intelligence agencies for major powers' know how to remotely seize control of a car. Clarke served during both Bush presidencies and under Bill Clinton. Just what is a 'car cyber attack'? The answer can be found in two alarming papers by researchers at the University of Washington and the University of California, San Diego, 'Experimental Security Analysis of a Modern Vehicle,' ... " Continue reading →

Continue ReadingMajor Counter-Terrorism Expert: Hastings Car Crash “Consistent with a Car Cyber Attack.”

Moscow exchange launches first precious metals trading

"The stock exchange is going to start trading gold and silver by the end of this year, and platinum and palladium in 2014. Trading physical metals is expected to boost liquidity in the market and attract more participants. Russia has so far only been trading futures on gold and silver, not dealing with real metals. Gold has been occasionally sold on the over-the-counter market and the only benchmark for price was the Central bank’s quotations, Gazeta.ru reports. Now gold will get the market price in rubles. Credit institutions licensed to conduct operations with precious metals and non-banking professional brokers will be the main players on the market." Continue reading →

Continue ReadingMoscow exchange launches first precious metals trading

WikiLeaks: Snowden Risks Being Stuck in Russia ‘Permanently’

"The WikiLeaks organization said on Tuesday that U.S. intelligence leaker Edward Snowden may be forced to stay in Russia permanently because Washington is 'bullying' possible intermediary countries, reports Naharnet. Russian President Vladimir Putin said on Tuesday that Snowden -- who had been expected to board a flight for Cuba on Monday, reportedly on his way to seek asylum in Ecuador -- was still in a Moscow airport transit zone. 'Cancelling Snowden's passport and bullying intermediary countries may keep Snowden permanently in Russia,' WikiLeaks said on its Twitter feed. 'Not the brightest bunch at State,' it said, referring to the U.S. State Department." Continue reading →

Continue ReadingWikiLeaks: Snowden Risks Being Stuck in Russia ‘Permanently’

WSJ: White House Preparing Bernanke’s Replacement

"The Obama administration has begun assembling a short list of candidates for the Federal Reserve chairmanship, in the expectation that Ben Bernanke won't seek reappointment when his second term ends in January, according to people familiar with the matter. Treasury Secretary Jacob Lew is putting together the list, working closely with a small number of senior White House officials. People familiar with the process wouldn't divulge any names on the short list, but said there was no front-runner. The White House is still in an early stage of the process and might not announce its selection until the early fall, they said." Continue reading →

Continue ReadingWSJ: White House Preparing Bernanke’s Replacement

The 5 Richest Cabinet Members of All Time

"No. 5: W. Averell Harriman, commerce secretary, 1947-48; Estimated wealth in current dollars: $841 million; Harriman earned his money the old-fashioned way: He inherited most of it from his father, E.H. Harriman, founder of the Union Pacific Railroad. No. 4: William C. Whitney, Navy secretary, 1885-89; Estimated wealth in current dollars: $1.1 billion; Whitney came into his money via political connections and by marrying Flora Payne, the sister of Oliver Hazard Payne, one of John D. Rockefeller’s close assistants and earliest investors. No. 3: Penny Pritzker, commerce secretary, 2013." Continue reading →

Continue ReadingThe 5 Richest Cabinet Members of All Time

Crony Chicago-Based Billionaire Heiress Joins Obama Cabinet

"The Senate has confirmed Chicago-based billionaire Penny Pritzker as new Commerce Secretary. She was an early and important source of money in Obama's first presidential campaign. Pritzker is also on the Board of Directors of the Council on Foreign Relations. She serves as trustee of Stanford University. She's an advisory board member of Robert Rubin's Brookings Institution's Hamilton Project. This, folks, is a major insider. Forbes lists her wealth at $1.7 billion. Her father co-founded the Hyatt Hotel chain." Continue reading →

Continue ReadingCrony Chicago-Based Billionaire Heiress Joins Obama Cabinet

17 Signs That Most Americans Will Be Wiped Out By The Coming Economic Collapse

"The vast majority of Americans are going to be absolutely blindsided by what is coming. They don't understand how our financial system works, they don't understand how vulnerable it is, and most of them blindly trust that our leaders know exactly what they are doing and that they will be able to fix our problems. They seem to have forgotten what happened back in 2008. When the financial markets crashed, millions of Americans lost their jobs. Because most of them were living on the financial edge, millions of them also lost their homes. Unfortunately, most Americans seem convinced that it will not happen again. Right now we seem to be living in a 'hope bubble'." Continue reading →

Continue Reading17 Signs That Most Americans Will Be Wiped Out By The Coming Economic Collapse