Doug Casey on G20 Economic Suicide

"The result is that you don't just get one currency devaluing, but all currencies devaluing against real assets, commodities, goods, and services. I do believe that within the foreseeable future all these paper currencies are going to be devalued to zero – in other words, they will reach their actual intrinsic values. This is extremely serious, because the productive people of the world – the ones who actually consume less than they produce and save the difference, which is what all economic growth and progress depends upon – will be wiped out. When their savings vanish, it's going to create a social and political earthquake right off the Richter scale." Continue reading

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America – Land of the Free?

"A major and fallacious official justification for attacks on financial privacy and on tax havens has been the lie that the war on drugs could be won if we all surrendered our privacy. Over $5 billion in cash and private property has been confiscated by police under forfeiture laws — and in 85% of the cases no charges were brought against the persons from which property was grabbed. In most cases, federal, state and local police kept the loot. In the United States, where illegal drug use is highest, a vast police-prison-government lobby has arisen. It devours about $80 billion a year in taxpayer funds, supposedly to combat drugs. What a costly hoax!" Continue reading

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Obama’s Drone War Could Legally Kill Americans But Not Anywhere

"Obama is stretching the terms 'imminent threat' beyond recognition to justify dubious unilateral presidential action, now targeting regional al Qaeda affiliates in Pakistan, Yemen, and Somalia—all of which had no role in the 9/11 strikes and which focus their attacks mainly against local governments. This expanded war is congressionally unauthorized, and so it is illegal and unconstitutional to kill anyone in these countries—Americans or foreign peoples. There is now talk about setting up a secret court to approve adding Americans to the terrorist kill list, much like the Foreign Intelligence Surveillance Act (FISA) court does for spying on Americans." Continue reading

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France freezes spending to hit EU targets as slump deepens

"France is to freeze spending on defence, higher education and research in a frantic bid to meet European Union deficit targets this year, tightening fiscal policy yet further as the country slides into deep slump. The severity of the downturn has caught officials by surprise. Markit’s survey data for French manufacturing and services fell to 42.3 in February, plunging at the fastest rate since the financial crisis in early 2009. Anything less than 50 signals contraction. Markit warned that the country may be tipping into a 'downward spiral' as sliding confidence causes businesses to delay spending." Continue reading

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In China, Widening Discontent Among the Communist Party Faithful

"Barely two months into their jobs, the Communist Party’s new leaders are being confronted by the challenges posed by a constituency that has generally been one of the party’s most ardent supporters: the middle-class and well-off Chinese who have benefited from a three-decade economic boom. Ordinary Chinese buy into a grand bargain: the party guarantees economic growth, and in exchange the people do not question the way the party rules. Now, many whose lives improved under the boom are reneging on their end of the deal, and in ways more vocal than ever before. Their ranks include billionaires and students, movie stars and homemakers." Continue reading

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‘Scary Stories’ About Iran’s Magnets Are (Again) Neo-Con Lies

"The Bulletin analysis is worth a read in its entirety as it calmly debunks Warrick's Albright-fueled scary story. It also makes the important point that of all the scores of possible uses for these magnets, Warrick's report chose only the most alarming and remote possibility. Further, as the always excellent MoA blog points out, according to David Albright's own paper on the issue of the Iranian magnets, these in question would not fit Iran's centrifuges anyway! Did Albright know when he passed the story to Warrick that it was bogus? The same propagandists who paved the way to war on Iraq are as busy as ever when it comes to Iran." Continue reading

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The Pentagon Throws a Fit and Sticks Out its Tongue

"Even if the so-called sequestration takes place, the Pentagon will still get more money than they did in 2012! In other words, Panetta is playing sore loser because rather than getting X more dollars than last year, he is getting Y more dollars. To drive home my point, he is threatening a furlough even though he has more money in his budget in 2013 than the immediate previous year. What a loon. To the Pentagon’s melodramatic protests, I say this: '800,000 people furloughed? Awesome. That is a great first step. Just fire them. Bring all the troops home. End the wars. Follow the Constitution.'" Continue reading

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