Alternative News

“Boomerang Foreclosures” Are Back As Bernanke’s Second Housing Bubble Begins To Pop

"As the chart below shows, while California foreclosure activity is collapsing, things in other places are starting to indicate that the second housing bubble blown by Bernanke in 5 years, is finally starting to crack. In other words, ignore the sad and very much artificial reality of California where the real estate market is no longer indicative of what happens in a free market, and instead keep a close eye on those states where all artificial attempts to crush foreclosure starts and completions have been used up, and where reality is about to come back with a bang." Continue reading →

Continue Reading“Boomerang Foreclosures” Are Back As Bernanke’s Second Housing Bubble Begins To Pop

Paper Claims SEC Regulation is Biased … In Other News, Sky Is Blue

"Former U.S. Securities and Exchange Commission staffers who now work in the private sector may have helped derail last year's effort to reform the $2.6 trillion money market fund industry, a report said. The case study on money market fund lobbying is part of a 60-page report by the Project on Government Oversight (POGO). It is one example within a broader review by the non-profit government watchdog that examines in detail how the 'revolving door' at the SEC may have impacted policy and enforcement decisions over a 10-year period." Continue reading →

Continue ReadingPaper Claims SEC Regulation is Biased … In Other News, Sky Is Blue

Russian Foreign Minister: Russia will never involve itself in ‘another Afghanistan’

"The head of the Foreign Ministry said Russia has no intention of deploying its military to the Middle East or North Africa, where social and political crisis is rampant, opting instead to work diplomatically with legitimate governments. 'This is my answer to those who wonder why we are not fighting for our positions,' Foreign Minister Sergey Lavrov said on the 'Sunday Night with Solovyov' program. 'We will not be fighting for our positions…and creating 'another Afghanistan' for ourselves. Never, under no circumstances!' Lavrov was referring to the Soviet experience in Afghanistan (1979-1989), which is being played out in similar fashion today by the United States." Continue reading →

Continue ReadingRussian Foreign Minister: Russia will never involve itself in ‘another Afghanistan’

Draconian Cash Controls Are Coming To France

"Ayrault trotted out his national plan, a 20-page document that outlined his all-out effort to go after any kind of behavior that could possibly deprive the government of those sorely needed euros. Stuffed into that 20-page national plan: prohibiting cash payments of over €1,000 per purchase. It’s urgent. He wants to get the process started soon so that 'a decree and legislative measures' can be finished by the end of 2013. Two crisp 500-euro bills and a single coin: voilà, an illegal transaction. But the limit would only apply to fiscal residents. Fiscal residents of a country other than France would be able to pay €10,000 in cash per purchase." Continue reading →

Continue ReadingDraconian Cash Controls Are Coming To France

Double taxation row as Brussels unveils new financial transactions tax

"The European Commission was under fire Thursday (14 February) over claims that its planned tax on financial transactions (FTT) would lead to double taxation. Unveiling the plans for an FTT backed by 11 EU countries, Taxation Commissioner Algirdas Semeta said that it was a 'fair, technically sound and legally robust tax.' The proposal puts a 0.1 percent levy on bonds and shares and 0.01 percent on derivative products. The use of an 'issuance' principle as well as 'residence' criteria means that traders operating outside the FTT-11 would also be liable to pay the tax." Continue reading →

Continue ReadingDouble taxation row as Brussels unveils new financial transactions tax

The Ascent of Whatever-It-Takes Banking Is a Good Thing?

"We didn't realize the reaction to criticism that central bankers were rash and their strategic destabilizing would result in a worldwide movement of even MORE activist bankers. You've read it for yourselves now. A 'new breed' of banker is emerging that will grasp the true power of the printing press and pump harder. Yet it simply must be admitted that central bankers don't ever know how much money is too much. There are no tools that exist that can divine the future. If new and bolder central bankers are going to print even MORE money, the booms and busts shall be correspondingly larger. This would seem to be an illogical solution, but in truth, not so." Continue reading →

Continue ReadingThe Ascent of Whatever-It-Takes Banking Is a Good Thing?

From Watery Bourbon To Horse-Meat Chili: Hidden Inflation Is Everywhere

"We’ve had an endless series of products whose ingredients have been cheapened in order to maintain the price. Consumers won’t be able to taste the difference, the theory goes. So, as the horse-meat lasagna scandal in Europe is spiraling beautifully out of control, we’re now getting hit where it hurts: Maker’s Mark is watering down its bourbon." Continue reading →

Continue ReadingFrom Watery Bourbon To Horse-Meat Chili: Hidden Inflation Is Everywhere

US State Representative adopts Bitcoin donation system

"US State Representative Mark Warden has added a Bitcoin donation system to his campaign Website, marking the first use of the decentralised virtual currency system by a sitting incumbent politician. He says Bitcoin will allow online transactions that are not 'subject to the inflationary whims of the Federal Reserve or other central banks'. 'This is a cutting-edge technology that is market based, voluntary, and extremely innovative,' counters Warden. 'I have constituents and vendors who prefer this medium of exchange, so it's natural to want to respond to the marketplace.'" Continue reading →

Continue ReadingUS State Representative adopts Bitcoin donation system

Missouri Democrats Introduce Legislation To Confiscate Firearms – Gun Owners Get 90 Days To Turn In Weapons

"An Act; To amend chapter 571, RSMo, by adding thereto one new section relating to the manufacture, import, possession, purchase, sale, or transfer of any assault weapon or large capacity magazine, with a penalty provision. This prohibition shall not apply to: Any government officer, agent, or employee, member of the armed forces of the United States, or peace officer, to the extent that such person is otherwise authorized to acquire or possess an assault weapon or large capacity magazine, and does so while acting within the scope of his or her duties." Continue reading →

Continue ReadingMissouri Democrats Introduce Legislation To Confiscate Firearms – Gun Owners Get 90 Days To Turn In Weapons

Another Reason to Keep Your Children Away from Government Schools

"Hollywood leftist Steven Spielberg is giving DVDs of his historically bogus 'Lincoln' movie to all 'public' middle and high schools. When Congressman Joe Courtney of Connecticut asked Spielberg to correct the blatant lie in the movie that Connecticut congressmen voted against the Thirteenth Amendment that ended slavery Spielberg ignored him. He then sent his screenwriter, Tony Kushner, out to cry poetic license and write in USA Today that 'it's only a movie.' They have apparently changed their minds about that and are promoting the movie in the government's brainwashing and propaganda mills as true history." Continue reading →

Continue ReadingAnother Reason to Keep Your Children Away from Government Schools