The Next Financial Disaster Starts Here

"Because junk bond ETFs appear liquid, most investors don’t see the danger. They think they can sell their junk bonds ETFs just as easily as they could sell shares of Apple. But if too many people decide to sell junk bonds at once, it could overwhelm the market and cause prices to crash. None of this has been a problem yet because junk bonds have been in a bull market. According to Bank of America, junk bonds have gained 149% since 2009. But all bull markets eventually end. And when this one ends, junk bonds could cause massive losses to investors who don’t know about these risks." Continue reading

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Central Banks and Our Dysfunctional Gold Markets

"First, it remains unclear whether or not much of the gold that is being sold as shares and in certificates actually exists. Second, paper gold can theoretically be printed into infinity just like regular currency — although private-sector paper-gold sellers have considerably less leeway in this regard than central banks. Third, new electronic gold pricing — replacing, as of this past February, the traditional five-bank phone-call of the London Gold Fix in place since 1919 — has not necessarily proved a more trustworthy model. Fourth, there looms the specter of the central bank, particularly in the form of volume trading discounts that commodity exchanges offer them." Continue reading

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Nullification In Effect: First Medical Marijuana Dispensary Opens in Nevada

SPARKS, Nev. (Aug. 4, 2015) – Nevada’s first medical marijuana dispensary opened last Friday, representing another step toward nullifying the federal ban on cannabis in practice in the Silver State. Nevada legalized marijuana for medical use more than a decade ago, but it wasn’t until 2013 that the legislature passed a bill allowing dispensaries to…

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Federal District Court Judge Orders State Dept to Produce ALL Clinton Email Records!

BREAKING: Federal Judge Request All Clinton Email Records By AM on August 3, 2015 A Federal Judge ordered the State Department to request that Hillary Clinton and her top aides confirm, under penalty of perjury, that they have produced all government records […] Source: http://conservativepost.com/breaking-federal-judge-request-all-clinton-email-records/

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Julian Ku on the Constitution and the Iran Deal

At Opinio Juris, Julian Ku defends the constitutionality of the Iran deal (expanding on his discussion in this podcast from the National Constitution Center [also featuring David Rivkin]). He makes two arguments: First, the terms of the agreement, which describe its obligations as “voluntary”, indicate that it is a nonbinding “political commitment”.  Even the UN Security…

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Today: North Dakota Hemp Law Goes into Effect, Nullifies in Practice Decades-Long Federal Ban

BISMARCK, N.D. (Aug. 1, 2015) – Today, a North Dakota law authorizing the farming, production, and sale of industrial hemp in the state goes into effect, nullifying in practice the federal prohibition on the same. Introduced by Reps. David Monson (R-10) and Alan Fehr (R-36) along with Sen. Tom Campbell (R-19), House Bill 1436 (HB1436) passed…

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New Minnesota Law Restricts ALPRs; Helps Block National License Plate Tracking Program

ST. PAUL, Minn. (July 31, 2015) – Tomorrow, a Minnesota law goes into effect that places strict limits on the use of automated license plate readers (ALPRs) by law enforcement in the state. It also places significant roadblocks in the way of a federal program using states to help track the location of millions of everyday…

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Law Taking on Warrantless Drone Spying in North Dakota Goes into Effect this Week

BISMARCK, N.D. (July 30, 2015) – A North Dakota law drastically restricting the use of drones by state and local law enforcement goes into effect Saturday, thwarting a crucial aspect of the federal surveillance state. House Bill 1328 (HB1328) requires law enforcement agencies to obtain a warrant before deploying a drone for surveillance purposes with…

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Protect the 2nd Amendment and Keep Obama “Frustrated” on Gun Control

With all the inroads made by the federal government against liberty, sometimes it is easy to forget the small victories that show the battle is not lost.  One such area is the right to keep and bear arms. Although he has achieved many “accomplishments” during his presidency, including the passage of the Affordable Care Act…

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To the States: Resist Much, Obey Little

Written by the great American poet, Walt Whitman, TO THE STATES urged people, cities and states to RESIST. We call that nullification – something northern abolitionists did to great success in the 1850s. FULL POEM: To The States, or any one of them, or any city of The States, Resist much, Obey little, Once unquestioning…

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