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Bill Bonner: How Low Can Gold Go?

"The price can easily step back 50% in a bull market... then continue its upward surge. 'At the moment gold shares are not far off pricing in the end of the world,' says Evy Hambro of Blackrock. End of the world? Not quite. The end of the world can come at any time... and at any gold price. But we doubt that it will come on July 1, with gold at $1,200 an ounce. The feds have created an economy that can't be sustained. Because it requires bigger and bigger inputs of cash and credit. Everyone knows this can't go on forever. That's why the Fed is talking about 'tapering.' But you don't 'taper' a major addiction; you have to hit bottom first." Continue reading →

Continue ReadingBill Bonner: How Low Can Gold Go?

*BREAKING* Committee Meeting Tomorrow on Medicaid Expansion Bill!

COMMITTEE MEETING TOMORROW! Committee Government Operations Clerk Phone Number 373-3543 Location  Rooms 402 and 403, Capitol Building, 100 S. Capitol Avenue, Lansing, MI 48933 Date  Wednesday, 7/3/2013 Time 9:30 am Agenda  Healthy Michigan Workgroup update (on HB 4714) And any other business properly before the committee. Chair  Randy Richardville   EAST LANSING, Mich. (AP) - …

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Continue Reading*BREAKING* Committee Meeting Tomorrow on Medicaid Expansion Bill!

U.S. Spends $16 Billion Every Year To Care For Elderly Prisoners

"By the year 2030, there will be upward of 400,000 elderly prisoners — nearly a third of the projected total penal population. State and federal prisons spend an estimated $16 billion taxpayer dollars a year keeping elderly convicts in the clink…. Nearly a quarter of that price tag – roughly $3 billion taxpayer dollars annually – is devoted to providing health care to sick or drying prisoners. Although prison budgets and balance sheets vary state-to-state, certain jurisdictions offer striking evidence of the immense cost of medical care for elderly prisoners." Continue reading →

Continue ReadingU.S. Spends $16 Billion Every Year To Care For Elderly Prisoners

The Latest Suburban Crime Wave

"One mother is hauled off to the police station. Another is clapped in handcuffs. The mothers' offenses? They let their kids wait in the car while they ran a quick errand. The laws differ in their particulars, but basically they state that a child under age 6, 7 or, in Utah, 9, cannot be left alone in the car for more than five or 10 minutes. In Nebraska, having your 6-year-old wait in the car is an offense in the same category as allowing the child to be 'deprived of necessary food' or 'sexually exploited.' In Louisiana, a second kid-in-car infraction carries a sentence of not less than one year in prison, 'with or without hard labor.'" Continue reading →

Continue ReadingThe Latest Suburban Crime Wave

Drone strikes are an order of magnitude deadlier to Afghans than manned aircraft

"A study conducted by a US military adviser has found that drone strikes in Afghanistan during a year of the protracted conflict caused 10 times more civilian casualties than strikes by manned fighter aircraft. The new study, referred to in an official US military journal, contradicts claims by US officials that the robotic planes are more precise than their manned counterparts. It appears to undermine the claim made by President Obama in a May speech that 'conventional airpower or missiles are far less precise than drones, and likely to cause more civilian casualties and local outrage'." Continue reading →

Continue ReadingDrone strikes are an order of magnitude deadlier to Afghans than manned aircraft

Lying To Congress Is Legal, If You’re Intelligence Chief James Clapper — Now Apologizing

"The US director of national intelligence, James Clapper, has attempted to head off criticism that he lied to Congress over the extent of government surveillance on American citizens, with a letter to senators in which he apologised for giving 'erroneous' information. Two weeks after telling NBC news that he gave the 'least untruthful answer possible' at a hearing in March, Clapper wrote to the Senate intelligence committee to correct his response to a question about whether the National Security Agency 'collected data on millions of Americans'." Continue reading →

Continue ReadingLying To Congress Is Legal, If You’re Intelligence Chief James Clapper — Now Apologizing

Snowden Issues Statement Condemning Actions of Both Obama and Biden

"For decades the United States of America have been one of the strongest defenders of the human right to seek asylum. Sadly, this right, laid out and voted for by the U.S. in Article 14 of the Universal Declaration of Human Rights, is now being rejected by the current government of my country. The Obama administration has now adopted the strategy of using citizenship as a weapon. Although I am convicted of nothing, it has unilaterally revoked my passport, leaving me a stateless person. Without any judicial order, the administration now seeks to stop me exercising a basic right. A right that belongs to everybody. The right to seek asylum." Continue reading →

Continue ReadingSnowden Issues Statement Condemning Actions of Both Obama and Biden

Rafael Correa says Ecuador helped Edward Snowden by mistake

"Ecuador is not considering Edward Snowden’s asylum request and never intended to facilitate his flight from Hong Kong, president Rafael Correa said. Snowden was Russia’s responsibility and would have to reach Ecuadorean territory before the country would consider any asylum request, the president said. The president, speaking to the Guardian at the presidential palace in Quito, said his government did not intentionally help Snowden travel from Hong Kong to Moscow with a temporary travel pass. 'It was a mistake on our part,' he added, clashing with expressions of gratitude the 30-year-old fugitive issued hours later, before Correa’s views had been published." Continue reading →

Continue ReadingRafael Correa says Ecuador helped Edward Snowden by mistake

Edward Snowden’s letter to the president of Ecuador

"While the public has cried out support of my shining a light on this secret system of injustice, the government of the United States of America responded with an extrajudicial man-hunt costing me my family, my freedom to travel and my right to live peacefully without fear of illegal aggression. As I face this persecution, there has been silence from governments afraid of the United States government and their threats. Ecuador however, rose to stand and defend the human right to seek asylum. The decisive action of your consul in London, Fidel Narvaez, guaranteed my rights would be protected upon departing Hong Kong – I could never have risked travel without that." Continue reading →

Continue ReadingEdward Snowden’s letter to the president of Ecuador