Big Lie

NYPD lied under oath to prosecute Occupy activist

"An Occupy Wall Street activist was acquitted Thursday after jurors were presented with video evidence that directly contradicted the NYPD’s story. Prosecutors working on behalf of the NYPD have insisted that Premo tackled an NYPD officer and broke a bone during a protest. This week, Premo’s attorney presented a video that showed officers charging into the defendant unprovoked. The video shows a NYPD officer was filming the arrest as well, but prosecutors told Premo’s attorney that no such footage existed. The Manhattan District Attorney's office had presented Premo with a deal that would have let him off the hook by pleading guilty to lesser charges." Continue reading →

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The Early Stages of ObamaCare

"Here is a great talk given at The 21 Convention in 2012, by Doug McGuff, MD, a prominent member of the ancestral health (paleo-primal) community: 'Fitness, Health, and Liberty.' This is an important presentation because Doug presents the historical picture on how the physician-patient relationship went from a fiduciary relationship between provider and consumer to a 3rd party morass of collectivized medicine that sacrificed individual services to the needs of the masses in general in order to conform to the rules outlined by the medical establishment-insurance industry alliance." Continue reading →

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Sequester solved: Sell national parks, stop foreign aid, leave Germany

"Before you head for the bunker or put a down payment on a famous bridge, I’d like to offer some sensible alternatives to sequestration calamity. Here are three that would solve the sequestration problem with billions to spare. These are just a few alternatives to the disaster that will supposedly accompany giving the federal government a smaller raise this year. Tragically, most people would view these proposals as crazy but view borrowing money to give away to others as perfectly sane. That’s when you know the end is nigh." Continue reading →

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Maxine Waters: EVERYONE in America Will Lose Their Job Because of Sequestration

"If Congress allows sequestration cuts to take effect, more than 170 million Americans could lose their jobs, according to Rep. Maxine Waters (D-Calif.) 'If sequestration takes place, that’s going to be a great setback. We don’t need to be having something like sequestration that’s going to cause these job losses — over 170 million jobs that could be lost,' Waters said." Continue reading →

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Sequestration Math

"The media are bombarding us with stories of how sequestration, with its 'drastic cuts' in government spending, will affect our lives. Marketplace ran one yesterday about the USDA and the potential loss of federal meat inspectors. Don’t worry, we were told, the authorities won’t allow tainted meat on the shelves! But they might inspect more slowly, meaning less meat for sale, and higher prices. I spent 5 minutes on the CBO website and discovered that what’s in play is $27 billion of projected 'discretionary' spending. The sequester cuts that by 8% to about $24 billion. So the sequestered 2013 budget is $152 billion, a 4.8% increase over 2012." Continue reading →

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The Bond Bubble Is About to Burst

"The United States is shown in the following chart. Central banks have aided the government in managing to keep rates low despite big deficits, by buying the debt. Balance sheets of the world's central banks are growing rapidly to support government deficits while forcing rates to low levels. It is a bubble. When you buy Treasury bonds, you are putting your fate in the hands of the government, expecting it to give back your purchasing power and a reasonable amount of interest to you, in return for the use of your money. I believe we are headed for a serious loss of confidence in the value of the dollar, which will be accompanied by a burst of the Bond Bubble." Continue reading →

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Bernanke’s Subsidies: Houses and Cars

"What happens when the Federal Reserve promises to create $1 trillion in fiat money per year, and then starts by buying long-term Treasury bonds and Fannie/Freddie bonds? Interest rates go up. Wait a minute. Weren’t interest rates supposed to go down? Yes, they were. That is what Keynesian economics teaches. Problem: Keynesian economics is wrong. But Bernanke and the FED will move forward, inflating on a scale undreamed of prior to 2008. That is the only trick it has up its collective sleeve. 'When in doubt, inflate.' That is alpha and omega. That is the law and the prophets. Lock in that mortgage rate." Continue reading →

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Debt crisis: France puts brakes on austerity

"Finance Minister Pierre Moscovici said on Friday that France would ask its EU partners and the European Commission for an extra year to cut its public deficit below a targeted 3 percent of GDP, and would outline new savings measures soon. Mr Hollande said his government had brought down the deficit to 4.5 percent in 2012. The European Commission expects a French 2013 deficit of 3.7 percent of GDP. Spending cuts in 2014 would be made in the state budget, local budgets and the social security budget, Hollande said. Mr Hollande said France would continue to try and boost growth through public investment." Continue reading →

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