CLibertyC

Indian central bank has debased the rupee 99% vs the dollar; no hope in next Guv too

"The rupee has lost almost 99 percent of its value against the US dollar since 1947 when the rupee was at parity with the dollar. The dollar itself has been no great paragon of virtue and has lost 98 percent of its value against gold in the same period ($35/ounce in 1947 to around $1,330 today). So to state the the RBI has decimated the value of the rupee would actually be an understatement of sorts. But it continues to amaze me when I see the RBI Governors being extolled to the realm of divinity by the media. 'Headless Chicken' would be a much more appropriate description of how they have performed over the last few decades." Continue reading →

Continue ReadingIndian central bank has debased the rupee 99% vs the dollar; no hope in next Guv too

India Pledges Rupee Action as Currency Nears Fresh Low

"On Tuesday, traders were rattled after Subbarao said the central bank would return to a pro-growth monetary stance only once the currency stabilised. Separately, Finance Minister P. Chidambaram said the government was looking into liberalising foreign direct investment rules, attracting funds from non-resident Indians and clamping down on the import of non-essential items such as electronics. 'There's no rocket science in manufacturing basic electronic hardware ... So we can manufacture electronic hardware goods here,' he told a news conference in New Delhi." Continue reading →

Continue ReadingIndia Pledges Rupee Action as Currency Nears Fresh Low

The Bitcoin Gambling Diaspora

"Bitcoin gambling is growing to be much more than just SatoshiDice. Of couse, many old-time gambling sites like BitZino and Seals with Clubs have been providing alternatives to SatoshiDice all along, but in the opening months of 2013 the massive success of Erik Voorhees’ juggernaut has prompted dozens of people to come up with alternatives. We now have the roulette-style wheel games SatoshiCircle and most recently BitcoinSpin, the minefield Satoshi Karoshi, the SatoshiDice clone SuzukiDice offering half the fees of the original, and the lottery BitMillions, and new sites are opening practically every week." Continue reading →

Continue ReadingThe Bitcoin Gambling Diaspora

Bitcoin suitcase eats your pocket change, spits out digital currency

"A hacker called Garbage was milling around outside of the Rio convention center showing off the invention to fellow Bitcoin enthusiasts. 'Most people know about Bitcoin, but they don't have it,' he said, hailing from Kalamazoo, Michigan with his group TwoSixNine, which built the device for around $250 using a Raspberry Pi microcomputer and a portable 4G modem. It takes in your spare change through a metal coin slot, checks the current exchange rate on Bitcoin trading post Mt. Gox, and prints out a QR code on receipt paper, which contains the cryptographic hash you can use to redeem your digital gold nugget." Continue reading →

Continue ReadingBitcoin suitcase eats your pocket change, spits out digital currency

Jim Rogers: “Nothing Good In India”

"If you know Jim's story, you probably know that this man was born to be one of the greatest investors of all time. Selling peanuts at the age of five to getting a job in Wall Street at the age of 22 to starting his first index fund with George Soros at the age of 31, Jim has had a meteoric rise in the investing world. And what's even more interesting about him is that he likes to break rules as an investor. He is famous for his contrarian calls and controversial ideas. In fact, he proved it again in our interview, when he went ahead with his latest commentary on the Indian economy, and said: 'I am short India.'" Continue reading →

Continue ReadingJim Rogers: “Nothing Good In India”

Jim Rogers: Higher Education And Finance Are Getting The Ax

"We finally caught up with Jim Rogers to discuss his new book Street Smarts. In it he discusses not only the shift of wealth from West to East, but also the complete restructuring of society. Higher education will be totally revamped. Ivy league schools will be revised and will be a shadow of their former selves. Same thing with Wall Street. That’s why younger people need to quickly re-evaluate their options and seek training in the right specialties, such as mining, petroleum and other scientific and agricultural specialties." Continue reading →

Continue ReadingJim Rogers: Higher Education And Finance Are Getting The Ax

Tennessee newspaper editor is fired after writing an anti-Obama headline

"A Tennessee newspaper editor has been fired after writing a headline critical of President Obama. Drew Johnson's editorial, titled, 'Take your jobs plan and shove it, Mr. President: Your policies have harmed Chattanooga enough,' was published in the Chattanooga Times Free Press earlier this week when Obama visited the city. The timing of the column gave it a national audience it might not otherwise have had. As a result, it went viral online and Johnson, the editor of the Times Free Press editorial page, has since been let go. 'I just became the first person in the history of newspapers to be fired for writing a paper's most-read article,' he tweeted." Continue reading →

Continue ReadingTennessee newspaper editor is fired after writing an anti-Obama headline

Defiant nuns and monks refuse to give up Kentucky land for gas pipeline

"Two Kentucky Catholic religious orders that collectively own more than 3,000 acres of historic farmland are refusing to give up portions of their lands for a proposed natural-gas pipeline that would channel millions of gallons of pressurized, highly flammable natural-gas liquids through the area. The nuns of the Sisters of Loretto and the monks of the Abbey of Gethsemani have denied surveyors permission to survey the land ahead of the pipeline project and say that they have no interest in helping it along. 'We’ve been on this property since 1824,' said Sister Maria Visse. 'We feel entrusted with this (land). It’s a gift. It’s not a commodity.'" Continue reading →

Continue ReadingDefiant nuns and monks refuse to give up Kentucky land for gas pipeline

Courts Quietly Move From “May” Convict to “Must” Convict Jury Instructions Over 40 Years

"The Dougherty case began in 1969 when nine pacifist Catholic priests and nuns broke into the D.C. offices of Dow Chemical Corporation to protest the company’s production of Napalm for the Vietnam War. There were similar antiwar protests being staged elsewhere during the period, including the cases of 'the Catonsville Nine' (who burned draft board files), the 'Baltimore Four' (ditto), the 'Harrisburg Seven' (tried for mentioning the possible kidnapping of Henry Kissinger in intercepted letters), the 'Milwaukee 14' (tried for burning draft records), and the 'Harrisburg Seven' (tried for planning to arrest Henry Kissinger for waging an illegal war [..])." Continue reading →

Continue ReadingCourts Quietly Move From “May” Convict to “Must” Convict Jury Instructions Over 40 Years