CLibertyC

Zimbabwe to Seize Mines While Compensating Banks

"The government and black Zimbabweans will take half of the value of assets it has identified in the economy, he said. The state empowerment fund has so far acquired about $1 billion in assets, he said. The government will open a new stock exchange to trade the black-owned stakes in the companies, he said. Trading at the Harare Stock Exchange may start within 100 days of the new government taking office and will only be open to black Zimbabweans, he said. Investments in Zimbabwe will be protected by the government as long as companies do not seek to exploit the country without its people benefiting, Kasukuwere said." Continue reading →

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Gold, the Titanic & Lifeboats – Why it’s Important to Own Physical Gold

"Why it is so important to own physical gold in the actual context and why the spot price doesn't matter that much in determining the real value of gold. We try to explain this by making an historical parallel with the Titanic shipwreck." Continue reading →

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The Secret’s Out: Now Is the Time for International Diversification

"For the United States and other debt-addicted countries, years of profligate spending have more or less sealed their economic fates. With the stage set, further encroachments of privacy are practically guaranteed. Faced with economic uncertainty, governments will search for new ways to plunder the productive members of society. These may include capital controls, more onerous regulations, or wealth confiscation, either explicitly or by way of the printing press. The developing NSA story along with the crisis in Cyprus prove that desperate governments will stop at nothing to prevent their house of cards from collapsing, no matter how futile." Continue reading →

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Bill Bonner: What if Mr. Summers weren’t so brilliant, after all?

"We read Mr. Summers' commentaries regularly, in the Financial Times. We don't recall a single insight worth repeating or a single proposal that merits further discussion. Like Tom Friedman, he sees problems everywhere and finds solutions for them readily. And every solution he comes up with would be neat, logical, and disastrous. Unintended consequences? Has he ever heard of the concept? For him, reason has no limits...intervention has no risks...and the world has no black swans. Seeing no danger to further monetary stimulus, he will put the pedal to the metal and run at full speed...right into a brick wall." Continue reading →

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How California Law Put a Hot Payments Innovator on Ice

"Three years ago Aaron Greenspan had a hot mobile payments startup on his hands that was poised to take a bite out of the entrenched card networks. Launched in April 2010, FaceCash signed up 25 Bay Area merchants and 500 consumers to use its novel technology, which combined mobile bar code scanning and photo identification. A Subway franchise in Palo Alto tested the service. Some suggested FaceCash could become the next blockbuster payments innovator after Jack Dorsey's Square. Then regulators put Greenspan out of business." Continue reading →

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For Smoking Marijuana, the Government Ruined This Man’s Family Forever

"For the simple crime of smoking marijuana, Texas man Joshua Hill’s family is destroyed forever. The government took Hill’s two-year old daughter away from him because he was caught smoking pot while she was asleep. But under the watch of Child Protective Services (CPS), Hill’s child was abused and eventually murdered by foster parents. Was Hill’s 'crime' of smoking marijuana worse than the state’s prescription of removing his child from the home and placing her into a foster system with as much as 10 times higher risk of abuse?" Continue reading →

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Homeland Security “Constitution Free” Zones Inside US Ignored By Media

"It’s not ‘conspiracy’ and it’s not fraud, the DHS has literally created an imaginary ‘border’ within the United States that engulfs 100 miles from every single end of the nation. Within this fabricated ‘border’, the DHS can search your electronic belongings for no reason. No reason whatsoever is required under their own regulations. This ‘border’ even includes where the US land meets oceans in addition to legitimate borders with Mexico and Canada. As a result, you have over 197 million citizens suffocated in these 100 mile ‘border zones’ that include major cities like New York City, Houston, Los Angeles, and Philadelphia." Continue reading →

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7 surveillance reforms Obama supported before he became president

"As a senator, Obama wanted 1. to limit bulk records collection; 2. to require government analysts to get court approval before accessing incidentally collected American data. 3. the executive branch to report to Congress how many American communications had been swept up during surveillance; 4. to restrict the use of gag orders related to surveillance court orders; 5. to give the accused a chance to challenge government surveillance; 6. the attorney general to submit a public report giving aggregate data about how many people had been targeted for searches; 7. the government to declassify significant surveillance court opinions." Continue reading →

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Pepe Escobar: Al-Qaeda to the rescue

"Doctor Evil and the Orwellian/Panopticon complex are on the same side - and that explains why he'll be allowed to be a motor mouth fatwa machine for as long as he wants, and won't be nabbed like some patsy in the underwear bomber mould. The complex is back in offense. Reform the NSA? Interfere with our metadata? What for? We have just alerted the US government to 'pre-9/11' levels of terrorist chatter! AQAP might well decide not to participate in this worldwide 'pre-9/11' script. Real jihadis, after all, are not foolish enough to be caught by XKeystroke." Continue reading →

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