Alternative News

Piers Morgan: Now I see U.S. government tyranny

"As WND reported, despite his avid criticism of guns, Morgan protects his own personal property with signs warning that it is guarded by 'Armed Response Security Systems,' according to a recent investigation by self-described 'guerrilla journalist' James O’Keefe. And on March 11, Morgan insisted that, 'people need the nanny state occasionally.' Now – after learning of the Obama administration’s involvement in the IRS’ targeting of conservative groups and its secret seizure of Associated Press phone records – the CNN host admitted to guest Penn Jillette that perhaps gun advocates were right about creeping tyranny after all." Continue reading →

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7 Teenagers Arrested for End-Of-Year Water Balloon Prank

"This year, a handful of students at Enloe High School in Raleigh North Carolina appear to have plotted perhaps the most unimaginative prank in high school history: tossing water balloons at other students. But thanks to aggression from the school's administration and local police, the prank didn't end peacefully. In anticipation of the prank, school officials called in 'increased security' and teachers held their students inside classrooms. After the balloons flew, seven boys were arrested, at least one handcuffed after being taken down down the asphalt by police. Six are being charged with disorderly conduct, while one is being charged with assault and battery." Continue reading →

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Dutch firm Eliantie offers staff holiday pay in bitcoins

"An ICT recruitment firm based in the Netherlands is offering its employees holiday pay in the form of bitcoins, according to Dutch news sources. Eliantie announced in a press release today that staff members will receive their vacation pay in bitcoins, the news site NU reported. The company has reportedly been mining bitcoins since 2010, and has now amassed enough of the digital currency to begin using it for holiday pay. Eliantie employees were initially reluctant to accept bitcoins, reported the Dutch-language publication Automation Guide. Following several informational meetings, however, 'they are almost all convinced of the benefits,' it reported." Continue reading →

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Bitcoin Hardware Wallet: Alpha Software Demonstration

"This is a demonstration of the alpha version of my Bitcoin Hardware Wallet, code-named the Bitcoin Titan. All of the necessary features are implemented and working correctly. The software is undergoing final polish and testing. The first board spin is underway. Obviously, excuse the crude graphics and wonky font; those will be cleaned up during the polishing." Continue reading →

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Forget Too Big to Fail Banks — It’s Time to Break Up the Fed

"St. Louis Fed President Jim Bullard recently laid out four criteria that a bank needs to be split up — namely, if its assets are too voluminous, if it's too leveraged, if it has too much short-term funding of longer term assets and if it creates too much systemic risk. Alex Pollock said of the Fed: It's too big, with over $3.3 trillion in assets, it's too leveraged at 60 to 1, it's extremely short-funded and it's 'a frequent contributor through its interest rate and money-printing action of gigantic systemic risk.' 'Therefore, it follows pretty clearly from the same logic that we should break up the Fed,' said Pollock, a former bank CEO." Continue reading →

Continue ReadingForget Too Big to Fail Banks — It’s Time to Break Up the Fed

Paul Craig Roberts: Gangster State America

"My explanation that the sudden appearance of an unprecedented 400 ton short sale of gold on the COMEX in April was a manipulation designed to protect the dollar from the Federal Reserve’s quantitative easing policy has found acceptance among gold investors and hedge fund managers. The sale was a naked short. The seller had no gold to sell. COMEX reported having gold only equal to about half of the short sale in its vaults, and not all of that was available for delivery. No one but the Federal Reserve could have placed such an order, and the order came from one of the Fed’s bullion banks, one of the entities 'too big to fail.'" Continue reading →

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From Petrodollar To Petrogold: The US Is Now Trying To Cut Off Iran’s Access To Gold

"The US is moving to broaden its 'blockade' efforts of Iran to the movement of pure gold into the Islamic Republic. The US-led embargo of Iranian crude succeeded in slowing the flow of petrodollars into the nation but as Foreign Affairs committee chairman Edward Cohen remarked, there is 'no question that there is gold going from Turkey to Iran.' While the official line from US elite such as Bernanke remains that 'gold is not money' it appears that increasingly other nations would disagree, as Cohen admitted, 'in large measure what we're seeing is private Iranian citizens buying gold as a protection against the falling value of Iran's currency.'" Continue reading →

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Gold Demand In One Chart: Physical vs ETF

"China's demand for gold jumped 20% to 294 tonnes in the first quarter of 2013, while global gold demand overall slid 13% thanks to the dramatic rotation of demand from paper to physical. Central banks added 109.2 tonnes of gold to their reserves in Q1 2013, the ninth consecutive quarter of net purchases. But it was the Q1 ETF outflows of 176.9 tonnes, equating to a 7% decline in total gold ETF holdings that obscured the strong rise in investment for gold bars and coins at the retail level. In the face of the huge 'paper' gold ETF outflows, 'physical' gold demand surged to its highest in 18 months." Continue reading →

Continue ReadingGold Demand In One Chart: Physical vs ETF