CLibertyC

Bill Bonner: The Bear Market in Bonds

"Get out now. You can ask all the questions you want later. Everyone saw (or still sees) a turn in the bond market coming. Bonds have been going up for 33 years. They can't go up forever. What can't last forever has to stop sometime. This seems like as good a time as any. But everyone cannot get out of their bond investments at the same time in a calm, orderly way. Some will hesitate... wait too long... and then, every bounce will encourage them to wait longer, hoping to recover their losses. Others will stumble and be crushed underfoot, selling their bonds at panic prices. Is the panic happening already? No. We've only smelled the first faint whiffs of fear." Continue reading →

Continue ReadingBill Bonner: The Bear Market in Bonds

Crisis and Opportunity in the Junior Miners

"While it's true that junior miners routinely rise and fall like a roller coaster, the opportunity that today's dirt-cheap prices present is far from normal.To put it in perspective, remember when Lehman Brothers, Merrill Lynch, and Bear Stearns all succumbed to the subprime crisis? When the financial system itself seemed to be crumbling, and panicked investors were selling everything they could catch a bid on? Well, junior mining companies are as cheap now as they were then. Even if you go all the way back to 2002 – before the gold bull really got running, and gold was going for just $315 an ounce – junior miners still weren't as cheap as they are today." Continue reading →

Continue ReadingCrisis and Opportunity in the Junior Miners

McCain: We’ll make border with Mexico look like ‘the Berlin Wall’

"Sen. John McCain (R-AZ) said Tuesday that the Senate should include an amendment for increased border security in its new bipartisan immigration reform bill. In video featured by Talking Points Memo, McCain said that the amendment, proposed by Sens. Bob Corker (R-TN) and John Hoeven (R-ND) would make the border between Mexico and the U.S. into 'most militarized border since the fall of the Berlin Wall.'" Continue reading →

Continue ReadingMcCain: We’ll make border with Mexico look like ‘the Berlin Wall’

Pardon Me? It isn’t Snowden Who Needs Clemency

"It isn’t Snowden who needs clemency. It’s Barack Obama, his co-conspirators and his accessories before and after the fact. Nor is it Snowden alone before whom the crooks should be made to grovel for mercy. The fate of the Obama Spy Ring rightfully belongs in the hands of ALL its victims. Will these telecom voyeurs, these data burglars — and their bosses — be made to truly pay for their crimes? It seems unlikely, as they are made members of the world’s most powerful organized crime syndicate, the government of the United States." Continue reading →

Continue ReadingPardon Me? It isn’t Snowden Who Needs Clemency

The Trick is to Suspend the Constitution Without Admitting It

"The executive branch has routinely invoked the so-called PATRIOT act, and the Authorization for Use of Military Force to supposedly permit the President and his subordinates to wage war anywhere on the face of the earth, carry out all-encompassing electronic surveillance of the entire population, and even carry out summary executions of anyone – including U.S. citizens – deemed to be enemies of the state. Pakistan endured a similar period of executive rule under the reign of military dictator Pervez Musharraf between 1999 and 2008. The Pakistani government is preparing to put Musharraf on trial for treason for suspending that country’s constitution." Continue reading →

Continue ReadingThe Trick is to Suspend the Constitution Without Admitting It

Edward Snowden versus Jay Carney

"There is no doubt that Edward Snowden has created a huge public relations crisis for the Obama administration. The government appears to be not only stupid, but utterly impotent. Here we have this gigantic spying system, and it looks like the Keystone Kops. It cannot locate him. It cannot stop him. It revoked his passport. Nobody cares. Obama has remained silent on all of this. In his place is Jay Carney. Who in the world is Jay Carney? The implications of what Snowden has revealed are monumental. We have moved formally and legally into a police state. The only thing protecting us is the utter incompetence of the police state to enforce its will on people." Continue reading →

Continue ReadingEdward Snowden versus Jay Carney

Holocaust survivor and US tax fugitive Marc Rich dies at 78 in Switzerland

"Billionaire Marc Rich, who invented oil trading and was pardoned of a life sentence by President Bill Clinton over the then-biggest tax evasion case in U.S. history and busting sanctions with Iran, died on Wednesday from a stroke in Switzerland at 78. Rich fled the Holocaust with his parents for America to become the most successful and controversial trader of his time and a fugitive from U.S. justice, enjoying decades of comfortable privacy at his sprawling Villa Rosa on Lake Lucerne. Belgian-born Rich, whose trading group eventually became the global commodities powerhouse Glencore Xstrata, died in hospital from a stroke, spokesman Christian Koenig said." Continue reading →

Continue ReadingHolocaust survivor and US tax fugitive Marc Rich dies at 78 in Switzerland

Barclays faces pressure from Somali cash transfer firms

"Barclays is the last major British bank to still provide such money transfer services in Somalia. The letter signed by more than 100 researchers and aid workers states that its plan to close its account with Dahabshiil - the largest money transfer business providing services to Somalia - on 10 July will cause a crisis for the families that rely on the transfers. Abdirashid Duale said Barclay's decision could see money transfers pushed underground into the hands of 'unregulated and illegal providers'. The group estimates that almost three quarters of Somalis who receive funds from overseas use it to pay for basic food, education and medical expenses." Continue reading →

Continue ReadingBarclays faces pressure from Somali cash transfer firms

Prepaid Card Can Be Funded by Bitcoins

"Bitcoin has been making huge strides in the news lately, with more stores and customers using it every day. The latest development in the Bitcoin world is a new prepaid debit card available in the United Kingdom. This card can be purchased with and funded by Bitcoins, and it can be used in stores like any other prepaid card. Surprisingly, the Bitcoins you put into the card do not come out as Bitcoins. They come out as Euros, British pounds and other forms of currency. This means that you do not have to only use it at stores that accept Bitcoins. You can use it anywhere MasterCards are accepted." Continue reading →

Continue ReadingPrepaid Card Can Be Funded by Bitcoins