CLibertyC

Central bank further restricts gold imports in India

"In a late evening development, the Reserve Bank of India has once again tightened gold imports in the country mandating that 20%, or one fifth, of every lot of imported gold has to be used for the purpose of export. Exporters will henceforth be required to retain 20% of the imported quantity in the customs bonded warehouses, and would be permitted to undertake fresh imports of gold only after the exports have taken place to the extent of at least 75% of the gold remaining in the customs bonded warehouse. Any import of gold into the country would henceforth have to follow the 20/80 principle set out by the apex bank." Continue reading →

Continue ReadingCentral bank further restricts gold imports in India

India Department of Post to stop gold coin sales

"Following the Centre's decision to halt the import of gold coins and bars in the country, the department of post will stop their sales from its counters from August 1. So, if you want to buy 24-carat gold coins with India Post logo, better hurry up. Otherwise, you will miss the last chance - for the time being - to buy them. The department has so far been selling gold coins from 0.5gm to 50 gm in weight. India Post had entered into a tie-up with a private sector company to sell gold Suisse which were certified by the Switzerland-based International Gold Council. The government has asked India post, banks and other financial institutions to stop the supply of gold." Continue reading →

Continue ReadingIndia Department of Post to stop gold coin sales

John Paulson: Rationale for owning gold is valid

"CNBC's Carl Quintanilla speaks to John Paulson, founder and president of Paulson & Co., about his firm's investments, and his level of concern about the Fed's monetary policy. 'Although the Fed has printed a lot of money, to date there is little inflation,' he says in discussing the gold market." Continue reading →

Continue ReadingJohn Paulson: Rationale for owning gold is valid

Television set injuries on the rise in the U.S.

"Television sets injure one child every 30 minutes in America, and the rate of emergency room visits is increasing with the popularity of flat-screen TVs, according to a new study. Just over half (52 percent) of all TV injuries for those under 18 from 1990 to 2011 were due to the equipment falling and hitting the patient, said the study in the journal Pediatrics. The number of falling TV injuries was 5,455 in 1990, but that more than doubled to 12,300 in 2011, the study said. The number of US households with multiple TVs has more than doubled since 1990. Previous research has found that 215 children died from a falling TV injury from 2000 to 2011." Continue reading →

Continue ReadingTelevision set injuries on the rise in the U.S.

Britain considers banning Internet pornography over ‘corroding’ influence on children

"Every household in Britain connected to the internet will be obliged to declare whether they want to maintain access to online pornography, David Cameron will announce on Monday. In the most dramatic step by the government to crack down on the 'corroding' influence of pornography on childhood, the prime minister will say that all internet users will be contacted by their service providers and given an 'unavoidable choice' on whether to use filters. The changes will be introduced by the end of next year. All police forces will work with a single secure database of illegal images of children to help 'close the net on paedophiles'." Continue reading →

Continue ReadingBritain considers banning Internet pornography over ‘corroding’ influence on children

Liberty Slipping: 10 Things You Could Do in 1975 That You Can’t Do Now

"1. You could buy an airline ticket and fly without ever showing an ID. 2. You could buy cough syrup without showing an ID. 3. You could buy and sell gold coins without showing an ID 4. You could buy a gun without showing an ID 5. You could pull as much cash out of your bank account without the bank filing a report with the government. 6. You could get a job without having to prove you were an American. 7. You could buy cigarettes without showing an ID 8. You could have a phone conversation without the government knowing who you called and who called you. 9. You could open a stock brokerage account without having to explain where the money came from." Continue reading →

Continue ReadingLiberty Slipping: 10 Things You Could Do in 1975 That You Can’t Do Now

California Democratic Party tells Obama to halt medical marijuana raids

"The California Democratic Party approved a resolution over the weekend that called on President Barack Obama to halt federal raids on marijuana dispensaries. The resolution, sponsored by the Brownie Marie Democratic Club of Riverside County, noted that 18 states and the District of Columbia had legalized the use of marijuana for medical purposes, while Colorado and Washington state had legalized the use of marijuana for recreational purposes. Citing the disproportionate number of ethnic minorities jailed over marijuana, the resolution urged Obama to order the federal government to abide by state laws regarding the drug." Continue reading →

Continue ReadingCalifornia Democratic Party tells Obama to halt medical marijuana raids

Daniel Hannan on Statism and Detroit: My Analysis

"In December 1991, one block from my home, a man twice my size tried to stuff me into the back of a Chrysler New Yorker that was occupied by three other co-crazies blanked out on dope. My husband and I packed our bags and left the city the following spring. After ten years, we were done with The Experiment. The Marxism, crime, anti-white racism, tax rates, and lack of stable neighborhoods chased us out of town. In reality, the city died in 1967, with the riot that changed the city for decades. The decomposition occurred immediately thereafter. My father, a firefighter, worked a 72+ hour shift during the riots, putting out fires while being shot at by rioting civilians." Continue reading →

Continue ReadingDaniel Hannan on Statism and Detroit: My Analysis

Will Globalism Invade the US via its Cities? The Daily Beast Thinks So

"In New York, an urban area as blighted and tenuous as any, infrastructure is crumbling and the only growth industry, from what we can tell, is expanding regulation. This is one of the major cities in the world but you can't buy a large-sized soft drink or enjoy an indoor cigarette, or request eggs dabbed with trans-fat. Detroit? The city is getting ready to pay bondholders pennies on the dollar. Chicago? Drudge just posted a report on the alarming rise in shootings and murders in the 'Windy City.' All major US cities are surely in disarray to some extent. How could they not be? The same recessionary trends afflicting Fedgov are active at a local, urban level as well." Continue reading →

Continue ReadingWill Globalism Invade the US via its Cities? The Daily Beast Thinks So