CLibertyC

Columbia-Juilliard Student (and Award Winning Musician) Committed for 30 Days After Cursing at Professor

"After cursing at a professor during a Spanish final, former Columbia-Juilliard student Oren Ungerleider was involuntarily committed to St. Luke’s Hospital and kept there against his will for 30 days, according to a lawsuit he filed against the University this month. When he arrived at St. Luke’s, Ungerleider was interviewed by a series of psychiatrists, and he refused to answer their questions, the complaint says. When he tried to leave, three doctors tackled him and forcibly injected him with the drug Haldol. Doctors medicated him against his will and kept him in containment, it says." Continue reading →

Continue ReadingColumbia-Juilliard Student (and Award Winning Musician) Committed for 30 Days After Cursing at Professor

Fugitive Chris Dorner against the LAPD: ‘He knows what he’s doing. We trained him’

"Dorner, 33, who was fired from the LAPD in 2008, is accused of killing three people and wounding two others in self-declared 'unconventional and asymmetrical warfare' against his former comrades, a week-long rampage which terrorised police from San Diego to LA and by Friday had shifted to the icy wilderness of Big Bear. An 11,000 word rambling manifesto he posted on Facebook tried to explain his actions – and listed a 40-person hit list. Schools, stores and hotels were in lockdown and officers in helmets and body armour trekked warily through the snow lest the fugitive, a former navy reservist and trained marksman, a cop killer and a killer cop, had left traps." Continue reading →

Continue ReadingFugitive Chris Dorner against the LAPD: ‘He knows what he’s doing. We trained him’

Former Target Store Manager to Oversee Nation’s Nuclear Security

"Ever since last summer, when a 82-year-old nun broke into the Y-12 nuclear weapons complex in Oak Ridge, Tennessee, the National Nuclear Security Administration has scrambled to improve its leadership and beef up security at America's nuke facilities. Now it appears the agency has found the man for the job: NNSA has named as its acting head of nuclear security Steve Asher, a retired Air Force colonel who less than four years ago was working as a 'team leader' at a Target store in Spokane, Washington. Prior to that, he commanded a missile base in Montana that flunked a nuclear security test within five months of his departure." Continue reading →

Continue ReadingFormer Target Store Manager to Oversee Nation’s Nuclear Security

Peter Schiff: Messing with the Bull

"In retaliation for the unpardonable sin of questioning the U.S. Treasury's credit worthiness, the Obama Administration is sending a loud and clear message to Wall Street: mess with the bull and get the horns. Shockingly, the blatant selectivity of the prosecution, however, has failed to ignite a backlash. But as the move violates both the spirit of the Constitution and the letter of the law in so many ways, I can't help but look at it as a sea change in the nature of our governance. Call it Lincoln with a heavy dose of Putin." Continue reading →

Continue ReadingPeter Schiff: Messing with the Bull

Peter Schiff: Messing with the Bull

"In retaliation for the unpardonable sin of questioning the U.S. Treasury's credit worthiness, the Obama Administration is sending a loud and clear message to Wall Street: mess with the bull and get the horns. Shockingly, the blatant selectivity of the prosecution, however, has failed to ignite a backlash. But as the move violates both the spirit of the Constitution and the letter of the law in so many ways, I can't help but look at it as a sea change in the nature of our governance. Call it Lincoln with a heavy dose of Putin." Continue reading →

Continue ReadingPeter Schiff: Messing with the Bull

Investing In a World of Make Believe

"In recent years, a high degree of economic, financial, and political uncertainty has resulted in acute volatility in stocks, real estate, commodities and precious metals. I believe that another aggravating factor has been the increasing skepticism through which the investing public views government statistics and statements. To make prudent decisions, investors need to know key economic indicators such as economic growth, inflation rates, unemployment levels and the real cost and value of money. For the past 20 years or so, the key assumptions behind the calculation of these figures have been distorted in favor of government image." Continue reading →

Continue ReadingInvesting In a World of Make Believe

Depreciating Dollar Not Good For People, But Good for ‘the Economy’?

"All the nations are inflating, so that their exporters will not suffer from an appreciating currency. Central bankers regard appreciating currency as a disaster. They are mercantilists. Yet we know that, as individuals, to hold on to an appreciating currency is a great thing. Why is it a great thing for individuals to hold an appreciating currency, yet it is also a good policy for a central bank to expand the money supply, so as to decrease the international value of the currency? There seems to be something wrong here. There seems to be cognitive dissonance." Continue reading →

Continue ReadingDepreciating Dollar Not Good For People, But Good for ‘the Economy’?

Hollande warns on euro strength, denounces markets for currencies

"Francois Hollande has issued a clear warning that the current strength of the euro could damage the fragile economic recovery in Europe, calling for international action to stem currency distortions. 'The euro should not fluctuate according to the mood of the markets,' the French president told the European parliament in Strasbourg. 'A monetary zone must have an exchange rate policy. If not, it will be subjected to an exchange rate that does not reflect the real state of the economy.'" Continue reading →

Continue ReadingHollande warns on euro strength, denounces markets for currencies

The Fed’s Asset-Inflation Machine

"Winners on stocks or land holdings should happily accept their gains as the best to be expected in a very unsettled financial environment. But they should also remember the 2000s, when so many people thought their newfound riches were real and cashed them in for yet more debt, such as home-equity loans. They later had a rude awakening. The 'wealth illusion' of asset inflation is seductive, which is why central banks in charge of a fiat currency and subject to no external disciplines so often drift in that direction. Politicians smile in satisfaction and powerful Washington lobbies cry for more. But an economy built on an illusion is hardly a sound structure." Continue reading →

Continue ReadingThe Fed’s Asset-Inflation Machine

Jim Rogers: Short US Government Bonds ‘Right Now’

"With the Federal Reserve and now Bank of Japan printing massive amounts of money, billionaire investor Jim Rogers told CNBC's 'Closing Bell,' he is shorting U.S. government debt. 'It's all artificial what's going on right now,' Rogers said. 'The Federal Reserve is printing money as fast as they can. The Bank of Japan said 'we're going to print unlimited money.'' He called the Fed's monetary stimulus 'outrageous.' He also likes Russia for the first time in his career. Russia is changing but the market remains unloved. Rogers is buying the bonds, the currency and stocks." Continue reading →

Continue ReadingJim Rogers: Short US Government Bonds ‘Right Now’