Alternative News

Chris Martenson: Official Gold Numbers Don’t Add Up

"If a lot of gold has been leased out, someday it will have to be rebought, and difficulties may emerge if the gold cannot be rebought in sufficient quantities without creating mayhem within the financial system by causing a very large hike in the price of gold. The amounts of gold leased by central banks is a very closely guarded secret, and we do not have direct information on them, which means we have to try and back-calculate these amounts by other means. After accounting for all known flows of gold into and out of the US over the past 22 years, the Sprott team arrived at a figure of nearly 4,500 tonnes of gold that cannot be accounted for." Continue reading →

Continue ReadingChris Martenson: Official Gold Numbers Don’t Add Up

Why No Construction Workers Memorial Day?

"A reader tells me that Peace Officers Memorial Day is held annually in the United States on May 15 in honor of federal, state and local officers killed or disabled in the line of duty. Then he wonders why no Construction Workers Memorial Day. He says: 'According to Concerns of Police Survivors (COPS), about 140-160 officers are killed in the line of duty each year,' but 'according to stats, each year in the US about 1,100 construction workers die on the job.' Here is an article with figures." Continue reading →

Continue ReadingWhy No Construction Workers Memorial Day?

Boston’s Top Cop Warns Against “Police State”

"Boston Police Commissioner Edward Davis warned against creating a 'police state' in the aftermath of the marathon bombings during testimony in front of a congressional hearing today. 'We do not, and cannot, live in a protective enclosure because of the actions of extremists who seek to disrupt our way of life,' Davis told lawmakers, adding 'I do not endorse actions that move Boston and our nation into a police state mentality, with surveillance cameras attached to every light pole in the city.' However, he did call for more surveillance cameras as well as more undercover officers to increase security around big events." Continue reading →

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Fed Economists: Stocks Are The Cheapest They’ve Been In 50 Years

"New York Fed economists Fernando Duarte and Carlo Rosa are out with a new article on Liberty Street Economics titled, 'Are Stocks Cheap? A Review of the Evidence.' The answer: judging by the equity risk premium (ERP), stocks are about as cheap as they've ever been. The last time the Fed said something so bold was when in 2004 when NY Fed economists wrote that there was no housing bubble." Continue reading →

Continue ReadingFed Economists: Stocks Are The Cheapest They’ve Been In 50 Years

IRS says hundreds of thousands of US citizens are not reporting Canadian trusts

"This week the IRS released statistics on the number of returns it received in 2010 from US citizens with foreign trusts. In all of Canada only 324 returns were filed that report ownership in a non-US trust, which likely means hundreds of thousands of US citizens residing in Canada had not filed the appropriate returns. This is important for two reasons: first, the penalties for not filing are draconian (but waivable); and second, last week the US Government Accountability Office (GAO) issued a report that encouraged IRS to pursue those taxpayers who file late returns using a technique known as 'quiet disclosure.'" Continue reading →

Continue ReadingIRS says hundreds of thousands of US citizens are not reporting Canadian trusts

Should Libertarians Join the ‘Underbanked’?

"Big Data – that immense plethora of worldwide digital information that is now easily tracked, stored, and analyzed through increasingly powerful technology – is redefining the study of consumer behavior across the economy and raising critical questions about consumer privacy and security in its wake. The availability of digital consumer information continues to expand. The volume of the digital universe is projected to multiply 50 times between 2010 and 2020 to 40 zettabytes (ZB) of usable data. For the underbanked financial services market in particular, Big Data’s most profound impact lies in unlocking access to credit." Continue reading →

Continue ReadingShould Libertarians Join the ‘Underbanked’?

Colorado passes laws for the legal sale of marijuana beginning Jan. 1

"Lawmakers in Colorado voted Wednesday night to approve a historic, first-ever regulatory framework for the production, taxation and sales of marijuana. Four bills awaiting the governor’s signature Thursday morning — SB 283, HB 1317, HB 1318 and HB 1325 — will convert the state’s medical marijuana regulatory agency into a body governing all marijuana sales and establish legal limits for driving while under the influence of marijuana. Voters will also be given the chance to approve a series of taxes on marijuana in November, starting at 10 percent sales tax at retail and 15 percent excise tax at wholesale, with additional local taxes to be set by each municipality." Continue reading →

Continue ReadingColorado passes laws for the legal sale of marijuana beginning Jan. 1

Federal Over-Criminalization Task Force Formed

"Ten House Judiciary Committee members joined together to pass a resolution to form the Over-Criminalization Task Force of 2013 to examine and make recommendations for paring down the federal criminal code, which has expanded rapidly in recent years. The Task Force will conduct hearings and investigations on over-criminalization issues within the Committee on the Judiciary’s jurisdiction, and has the opportunity to issue reports to the Committee on its findings and provide policy reform recommendations. This is the first review of the expansive federal criminal code since a Department of Justice review in the 1980s." Continue reading →

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Glenn Greenwald: U.S. oligarchs focused on military and surveillance state to put down unrest

“You can do one of two things in response to that discontent: You can try to placate it, whether symbolically placate it or substantively placate it so you avoid that kind of extreme income disparity… [and] even things out a just little bit more, however much you need to calm people down; or you consolidate your own power so that even if people become discontent, there’s nothing they can do to you because you’ve created this massive militarized state, this massive surveillance state. Our elite appears to be doing the later, and very little of the former, if any.” Continue reading →

Continue ReadingGlenn Greenwald: U.S. oligarchs focused on military and surveillance state to put down unrest

European Commission to criminalize nearly all seeds and plants not registered with government

"A new law proposed by the European Commission would make it illegal to 'grow, reproduce or trade' any vegetable seeds that have not been 'tested, approved and accepted' by a new EU bureaucracy named the 'EU Plant Variety Agency.' It's called the Plant Reproductive Material Law, and it attempts to put the government in charge of virtually all plants and seeds. Home gardeners who grow their own plants from non-regulated seeds would be considered criminals under this law. Gardeners must also pay fees to the EU bureaucracy for the registration of their seeds." Continue reading →

Continue ReadingEuropean Commission to criminalize nearly all seeds and plants not registered with government