Big Lie

Secrets Police Don’t Want You To Know

"Angry at the malicious and callous demeanor of those that supposedly worked for the greater good of the People Eddie began to carefully research and document the relationships between the various statutes and the legislative enactments that created them, especially the 'ad valorem' property tax, and eventually the federal income tax. He has since spent the past eleven years researching the various Texas Codes such as the Transportation Code. Much to the dismay of many municipalities, police officers, and prosecutors he has thrown a very large monkey wrench into the gears of their money machine, using their own laws!" Continue reading →

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The Luddites Among Us

"Luddite reasoning rests on this assumption: individuals who act in their own self-interest to buy lower-cost goods are acting against the interests of the nation. This was the argument of the mercantilists in the late 17th century. It was this argument that Adam Smith criticized in The Wealth of Nations. This is the essence of all systems of government interference into the economy. It says that politicians know better what is good for the nation than individuals do. It says that customers, who act individually to pursue their own ends as inexpensively as they can, are totally misguided. As individuals, they are making decisions that undermine their own wealth." Continue reading →

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Veterinary School the Latest Bad Deal in Higher Ed

"When I was in college, the conventional wisdom among students was that veterinary school was even harder to get into than medical school. Presumably this was because there were fewer veterinary schools than there are medical schools. I don't know if that's even true, but that's what we thought, and it was therefore assumed that veterinary grads were rare and that vets would always make a good living. No one even mentioned, back then, the massive debt loads that could be involved. Well, it turns out that demand for vets is falling, and that many vets nevertheless have six-figure debt loads while the starting salary is down to $45,500." Continue reading →

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Special Privilege: Beyonce, Jay-Z Cuba trip was OK’d by US Treasury Dept

"Beyonce and rapper husband Jay Z visited Havana last week on a trip that was fully licensed by the United States Treasury Department, according to a source familiar with the trip, reports Reuters. The longstanding U.S. trade embargo against Cuba prevents most Americans from traveling to the island without a license granted by the U.S. government." Continue reading →

Continue ReadingSpecial Privilege: Beyonce, Jay-Z Cuba trip was OK’d by US Treasury Dept

Detlev Schlichter: Global economic policy now firmly in the hands of money cranks

"During the early honeymoon between ‘Abenomics’ and financial reality, the idea of printing yourself to prosperity is likely to have imitators, with the UK being a prime candidate. In terms of total indebtedness, the UK is the one industrialized country that can compete with Japan, meaning it is in the same supersized debt-pickle. Over at Threadneedle Street, the Deputy Governor of the Bank of England, Paul Tucker, openly fantasized about negative interest rates recently, outgoing Governor Mervyn King voted for more QE (overruled), and Governor-elect Mark Carney promises to be, well, – flexible. Bottom line: desperation is spreading. Watch this place!" Continue reading →

Continue ReadingDetlev Schlichter: Global economic policy now firmly in the hands of money cranks

Which Dominoes Are Next to Fall in Europe?

"As we saw in The Real Cyprus Template (the one you're not supposed to notice), once the smart money exits the at-risk banking sector, it is allowed to fall. This suggests that one way to identify which dominoes are likely to fall next is to look at the smart money's deposits in each nation's banks. If the smart money has pulled most of its capital out, ECB and Eurozone authorities have a diminishing stake in propping up the domino. As a result, its fall becomes increasingly likely." Continue reading →

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Obama would rather look stupid than interfere with the flow of cash to drug-war profiteers

"The White House spends all year traveling around the country talking about their 'third way' and their '21st Century Drug Policy' — that the focus needs to be on treatment and that we can’t arrest our way out of drug problems. That there’s too much focus on incarceration. At the same time, they’re dealing with severe national budget pressures, so you’d think this would be the perfect excuse to actually significantly reduce spending on things like domestic drug law enforcement. Well, the budget for domestic drug law enforcement was 9.4 billion in 2012, and they’re asking for 9.5 billion in 2014." Continue reading →

Continue ReadingObama would rather look stupid than interfere with the flow of cash to drug-war profiteers

Do Police See Guns as a threat to “Officer Safety”?

"The view that so-called weak gun laws endanger the lives of police doesn’t seem to be shared by many police officers. A survey of 15,000 active-duty police officers conducted on behalf of PoliceOne.com found that nearly all of them – 95 percent – said that a federal ban on high-capacity ammo magazines would not reduce violent crime. Seventy-one percent said that a federal ban on so-called assault weapons would likewise be useless as a crime reduction measure – and twenty percent said that it would actually have a negative effect on reducing violent crime." Continue reading →

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Leaked report: Nearly half of US drone strikes in Pakistan not against al-Qaeda

"A trove of leaked classified reports has confirmed what many had suspected – US drone kills in Pakistan are not the precision strikes against top-level al-Qaeda terrorists they are portrayed as by the Obama administration. Instead, many of the attacks are aimed at suspected low-level tribal militants, who may pose no direct danger to the United States – and for many there appears to be little evidence to justify the assassinations. The statistics illustrate the breadth of the US ‘drone doctrine’ – which has never been defined by consecutive US administrations." Continue reading →

Continue ReadingLeaked report: Nearly half of US drone strikes in Pakistan not against al-Qaeda

Dutch bank ABN has no gold left for its clients

"This week, a well-known Dutch bank was the first financial institution to inform its clients that their 'gold investments' are no longer physically deliverable, proving that the physical gold and 'paper gold' are different commodities with different prices. The world’s financial system is short on gold and no gold bars, except those that are kept by the owners, are safe from confiscation. ABN AMRO, the biggest Dutch bank, has sent a letter to its clients stating that they will no longer be able to take physical deliveries of the gold they have bought through ABN. Instead they are offered money at the current market rate for gold." Continue reading →

Continue ReadingDutch bank ABN has no gold left for its clients