CLibertyC

Jack Lew’s “Extraordinary Measures” on Debt Just “Cooking the Books”

"A little known story that got absolutely no coverage from the mainstream media surfaced last week about the reports from the Treasury Department’s Financial Management Service. The FMS reports both the Daily Treasury Statement and the Monthly Treasury Statement. According to these reports the federal deficit rose by $98 billion dollars in July, but somehow the federal government’s debt remained exactly the same at $16,699,396,000,000 for the whole month. It seems that Treasury Secretary, Jack Lew got a bit creative and magically decided to stop the addition of more debt from showing up in the reports. Wow, don’t we all wish we could do that?" Continue reading →

Continue ReadingJack Lew’s “Extraordinary Measures” on Debt Just “Cooking the Books”

Who Can Best Advise You?

"It is safe to suggest that your reading of this publication has a great deal to do with the possibility that the country in which you live is approaching that critical stage. Therefore, it may be in your interest to seek the counsel of those who, for whatever reason, have made a long-term study of historical patterns. It would also be beneficial to keep a close eye on those countries in the world that (as stated above) are on the same path of self-destruction as our own but happen to be further along in the pattern. For this reason, the woman pictured above, Argentine President Cristina Fernández de Kirchner, may be quite useful to you as an advisor." Continue reading →

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Interest-Rate Market Going Berserk

"It seems the more bond yields surge, the more the bond fund managers say it’s not a 'real' crisis because 'inflation is still anemic.' These are the same guys who are bleeding assets, losing you money, and who have utterly failed to foresee the carnage of the past few months. Bond yields are not rising solely because of higher inflation, the traditional cause of rising rates. Instead, it’s all about the flow of hot money! Too much hot money piled into the bond market over the past four and a half years, encouraged by reckless Fed policy. And now the same investors who dog-piled into bonds to piggyback on the Fed’s policy are getting crushed." Continue reading →

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Summers vs. Yellen: Tweedledumb vs. Tweedledee

"The media are doing their best to create interest in who will be Bernanke’s replacement: Lawrence Summers or Janet Yellen. Summers is a dove. The media have re-defined 'exit.' Any reference to an exit these days means merely a reduction of the rate of increase in the present rate of $85 billion a month. The FED is buying over $500 billion of the Treasury’s estimated annual deficit of $650 billion. It is buying almost $500 billion in Fannie-Freddie bonds. What happens to interest rates if the FED stops buying? What happens to Wall Street? What happens to the housing recovery? No one asks Yellen what she thinks would happen. No one asks Summers." Continue reading →

Continue ReadingSummers vs. Yellen: Tweedledumb vs. Tweedledee

Germany recognizes Bitcoin as a “private money,” subject to capital gains tax

"In response to a query by a member of parliament, the German Finance Ministry has declared that it accepts bitcoins as a 'unit of account.' The Ministry added that bitcoins are a sort of 'private money' and that mining bitcoins constitutes 'private money creation.' The Ministry also clarified that if a German taxpayer holds bitcoins for more than a year, then she is exempt from paying the 25 percent capital gains tax. Such a tax would ordinarily be paid after profiting from the sale of a stock, bond, or other security. A taxpayer would be expected to declare them as part of her assets and income as part of her annual tax return." Continue reading →

Continue ReadingGermany recognizes Bitcoin as a “private money,” subject to capital gains tax

Bitcoin Bites: Germany recognizes digital currency as ‘private money’

"Bitcoin is slowly joining the big league of currencies. Germany has become the first country to accept the digital money - recognized in law and for tax purposes. Katie Pilbeam from RT's Venture Capital program explains." Continue reading →

Continue ReadingBitcoin Bites: Germany recognizes digital currency as ‘private money’

The Internet: We’re Doing It Wrong

"This week Facebook’s ban-bot went berserk; Github went down; and all Google services collapsed for a few minutes, taking 40% of the Internet with them. Just another week on the Internet, then. We love our centralized services, until they let us down. Bruce Sterling calls them “the Stacks”: Amazon, Apple, Facebook, Google, Microsoft. They don’t want much, those Stacks. Just your identity, your allegiance, and all of your data. Just to be your sole provider of messaging, media, merchandise, and metadata. Just to take part in as much of your online existence as they possibly can, and maybe to one day mediate your every interaction with the world around you." Continue reading →

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The Hookah Lounge War Is On

"There are hundreds of hookah lounges in the U-S, mostly in college towns and urban areas. The lounges have enjoyed an exemption to clean indoor air laws because they have defined themselves as 'tobacco shops.' No more. The front line is here in Boston. After allowing a few lounges to open, the city has clamped down and passed a law that forces all of the city’s hookah lounges to shut down by 2019. 'There’s a risk that people who are non-smokers will [..] find themselves addicted to nicotine and needing to buy packs of Marlboros,' says Mark Gottlieb, executive director at the Public Health Advocacy Institute." Continue reading →

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Free Staters Tell Concord Police: Tanks, But No Tanks

"To his credit, Concord police chief John Duval apologized for calling these groups domestic terrorists, but the point was and is clear. The biggest concern and fear of any political system are those that seek to undermine state authority and its institutionalized plunder masked in law, badges, and costumes. If terrorism is defined as the threat or use of violence against the innocent to achieve political ends, then who really are the domestic terrorists? The groups of people with the radical notion that other people are not their property, or the institution that claims the right, duty and moral imperative to initiate aggressive violence?" Continue reading →

Continue ReadingFree Staters Tell Concord Police: Tanks, But No Tanks

Government works to make federal agencies appear as protagonists on TV

"Many agencies, including U.S. Immigrations and Customs Enforcement (ICE), actually staff an 'entertainment and multimedia liaison' in order to coordinate the agencies starring roles. Brandon A. Montgomery is such a liaison for ICE. In a news release from his agency, he is described as 'actively working to generate an agency presence in film and TV.' 'It’s important to get (ICE) on TV because it ensures we are on the top of the mind to the American public and our stakeholders,' Montgomery said, noting that it was 10 times as effective as putting an agency in a news blurb. Montgomery touts his influence at acquiring ICE features in TV shows." Continue reading →

Continue ReadingGovernment works to make federal agencies appear as protagonists on TV