CLibertyC

Better “Safe Haven” – Switzerland or Canada?

"Not only is Switzerland a nation with an impossible terrain for armies, it has an army (mainly reserves) of over a million soldiers ready for action at any time in a well-trained state of readiness. Its complex of bridges and tunnels, which link it with all the different parts of Europe and allow its own people to travel through the nation, is mined with explosives that will make it impassable should it be invaded. As a result its refuge for capital is 300 years old and its banking industry 5 times the size of its own GDP stretching all over the world. It has been tried and tested in war and in peace like no other nation." Continue reading →

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Swiss banking chief tries to quell clamor about gold

"Swiss National Bank President Thomas Jordan won't exclude increasing the central bank's gold holdings at some point and said most of its reserves are held domestically. More than 70 percent of the SNB's 1,040 tons of gold are held in Switzerland, with about 20 percent at the Bank of England and 10 percent at the Bank of Canada, he said, for the first time disclosing where the physical assets were stored. The SNB's gold holdings are the target of a popular initiative, which demands that at least 20 percent of the central bank's assets be in the form of gold. The measure would also block the sale of such holdings and require all SNB gold to be located in Switzerland." Continue reading →

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EU against austerity: Protesters clash with police amid unrest in Spain, Portugal

"Police detained at least 15 in Madrid, including one minor, as they used force to quell an angry mob of protesters near the Spanish parliament, united under a 'Besiege Congress' slogan calling for the government to quit. The riots come as Prime Minister Mariano Rajoy is set to announce a raft of measures on Friday aimed at tackling the country's recession. An estimated 1,400 policemen were deployed around the chamber as politicians cancelled the session for the day. Protesters held signs that read '6.2 million reasons' in a reference to the latest jobless figures and when police charged them they chanted 'You have jobs, we do not.'" Continue reading →

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Central Banks Load Up on Equities

"Central banks, guardians of the world’s $11 trillion in foreign-exchange reserves, are buying stocks in record amounts as falling bond yields push even risk- averse investors toward equities. Managers of banks’ assets are looking for alternatives to holding government bonds after efforts to stimulate growth from the Federal Reserve, the Bank of Japan and the Bank of England helped send yields near to record lows. Central banks’ foreign- exchange holdings have increased by about $8.5 trillion globally in the past decade, exceeding levels needed for day-to-day currency administration." Continue reading →

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Can We Afford Not to Give Liberty Leaders the Benefit of the Doubt?

When the media tried to pretend Rand Paul “flip-flopped” on drones this week, after he used unclear language during an interview with Fox’s Neil Cavuto, I posted the following on Facebook: Folks, the same guy who filibustered for 13 hours to say the government does not have the right to drone American citizens on American [...]

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Read more about the article CISPA Has Died in the Senate…
The Arizona Sentinel

CISPA Has Died in the Senate…

The Cyber Intelligence Sharing and Protection Act (CISPA) died in the Senate yesterday, according to a statement from a representative of the U.S. Senate Committee on Commerce, Science and Transportation. The bill, which had already passed the House, would have allowed the government to snoop on private emails by granting companies the right to disseminate individuals’ sensitive, private information — like medical records — without their knowledge or consent.

Although CISPA likely won’t be passed in its current form, Republicans and Democrats have a bad habit of resurrecting terrible Big Government legislation like this.

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The Global Status Quo Strategy: Do More of What Has Failed Spectacularly

"The only metrics that count are debt and the ability to service that debt. Households have this tiny little problem known as declining income that makes it impossible to service more debt unless interest rates fall to near-zero. Presto-magico, real interest rates (adjusted for inflation) are near-zero, and can't fall any lower. That means the Fed has run out of room to lower rates. From here on, households will only be able to service more debt if their income rises. Alas, with full-time employment back to 1980 levels, that is not even a remote possibility." Continue reading →

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Syrian Rebels Claim Government Using Chemical Weapons; Hagel Takes Dictation

"Syrian rebels have been entrusted by US intelligence to collect information to show that the Syrian government has used chemical weapons against its own citizens and, surprise, they have come back with the 'evidence' the warmongers have sought to satisfy rebel demands for a US attack. Secretary of Defense Chuck Hagel, in a stunning about-face, has dutifully reported back to Congress these 'findings' as fact and in so doing has shifted the US war machine from 'neutral' into 'drive'." Continue reading →

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