Crisis Begets Opportunity

Bill Bonner: The Making of a Modern Debt Slave…

"Deny a young person work and you deny him a career. Deny him a career and you deny him a way to support a family. Deny him a family life, and who knows what happens? In China, the 'bare branches' – young men who couldn't find wives – started a revolution. The Nien Rebellion, which took place between 1851 and 1868, cost 100,000 dead and almost toppled the Qing Dynasty. Will today's young people accept their lot... and remain in docile debt servitude their whole lives? Or will they rise up, as Mr. Graeber suggests, and burn T-bonds in public spaces... rampage down Wall Street... and perhaps hang Ben Bernanke in front of the New York Federal Reserve?" Continue reading →

Continue ReadingBill Bonner: The Making of a Modern Debt Slave…

Zimmerman Case and Chaos?

"The Zimmerman case – if it does explode into violence – is part of a much broader trend. Internationalists have always used war and violence to make a case for more and stronger global institutions that can guarantee 'peace.' Unfortunately, such rhetoric often leads to the 'peace of the grave' rather than the peace of the living. And if the Obama administration and others have now taken to using the rhetoric of racism as a way of furthering internationalist goals while distracting from the Great Recession, that would indeed be an unfortunate development. It would also explain why Obama was quick to make the remark that the victim reminded him of a son." Continue reading →

Continue ReadingZimmerman Case and Chaos?

Simulated ‘Street Wide’ Cyber Attack on Wall Street Coming

"A source provides me with this internal advisory put out by the Depository Trust & Clearing Corporation. Always be on your toes when 'simulations' are scheduled. Remember, simulation drills were on going at the time of 9-11 and also at the Boston Marathon bombing." Continue reading →

Continue ReadingSimulated ‘Street Wide’ Cyber Attack on Wall Street Coming

Something’s not all right with Medicare

"What could possibly be so powerful that it threatens the viability of the largest revamping of health care in half a century? It’s the amount of money Medicare pays doctors for services rendered. Next year the ACA mandates that the reimbursement rate for doctors’ services be cut by 24.7 percent. If that happens without a hitch — without the first Million-Doctor March on Washington or doctors forming a union as tough as the Teamsters — the health-care cost savings envisioned by the ACA may actually come to pass because doctors will either be working for less money from Medicare or they will have said goodbye and good luck to their Medicare patients." Continue reading →

Continue ReadingSomething’s not all right with Medicare

Homicide convictions upheld for faith-healer parents whose daughter died

"Wisconsin and more than a dozen other states have protections in place to keep parents who choose prayer over medical attention from being charged with child abuse. The Neumanns’ attorneys maintain that the law protects parents up through the creation of a potentially lethal situation, making the line where faith-healer parents cross over into criminal liability a blurry one. An Neumann family attorney told the AP that the couple is 'devastated' by the decision. 'They’re still mourning the loss of this child,' said Dale Neumann’s defense lawyer Steven L. Miller. 'From their perspective they felt they were acting in a legal manner.'" Continue reading →

Continue ReadingHomicide convictions upheld for faith-healer parents whose daughter died

France wants to ‘temporarily suspend’ trade talks with US over NSA spying

"France wants to delay the ‘biggest bilateral trade deal in history' by 2 weeks after learning the USA was allegedly tracking economic communications of EU member states. But Germany says they should go ahead as planned. The trade agreement negotiations, which could potentially be a key factor in reversing the slow economic climate, are set to commence Monday in Washington DC. Despite surveillance claims, Germany wants the talks to go on as planned, Chancellor Angela Merkel's spokesman said shortly after France raised a 2-week delay proposal. 'We want this free trade agreement and we want to start the talks now,' he said." Continue reading →

Continue ReadingFrance wants to ‘temporarily suspend’ trade talks with US over NSA spying

Hope mixes with fear as Egyptian army prepares to overthrow Morsi

"The army ultimatum has bred relief among many Egyptians, weary of what they see as Mursi’s clumsy, power-grasping rule, and who see the army as the only national institution capable of getting a chaotic revolutionary transition back on track. Signs of Egypt’s latest political uproar pop up everywhere downtown. Vendors selling socks and jewelry have supplemented their wares with small Egyptian flags. Guy Fawkes masks – an emblem of protest against authority around the world – cover store mannequins. Anti-Mursi chants break out on street corners." Continue reading →

Continue ReadingHope mixes with fear as Egyptian army prepares to overthrow Morsi

Travel Before Passports

"A century ago, there were no passports. We forget this. Our world would have seemed inconceivable to any free man in the Western world a century ago. People would not have imagined it possible that a person would be unable to cross a border because his nation had revoked his passport. There were no passports to revoke. The Russian Empire and the Ottoman Empire, both considered illiberal tyrannies, had passport systems. World War I did more to undermine liberty in the West than any other event of the last century. European states killed about 20 million citizens, and began taking away liberties from those citizens who survived. War is the health of the state." Continue reading →

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Germany and France Demand to Know Why They Were Being Spied On

"Members of the European Union are quite upset because their relationship with the U.S. is supposed cozier than the frosty relationship between the U.S. and Russia. Germany and France seem really miffed over this whole spying deal. They thought they were exempt from surveillance because they are allies at the end of the day. 'These facts, if confirmed, would be totally unacceptable,' Minister of Foreign Affairs Laurent Fabius told Le Monde. 'We expect the U.S. authorities to stand up as soon as possible the legitimate concerns raised by the revelations of the press.' German politicians are also demanding an explanation from the U.S." Continue reading →

Continue ReadingGermany and France Demand to Know Why They Were Being Spied On

‘Hell to pay:’ Residents angry as RCMP seize guns from High River homes

"RCMP revealed Thursday that officers have seized a 'substantial amount' of firearms from homes in evacuated High River. 'We just want to make sure that all of those things are in a spot that we control, simply because of what they are,' said Sgt. Brian Topham. 'People have a significant amount of money invested in firearms ... so we put them in a place that we control and that they’re safe.' About 30 RCMP officers set up a blockade, preventing 50 residents from walking into the town. Dozens more police cars, lights on, could be seen lining streets in the town on standby. Officers laid down a spike belt to stop anyone from attempting to drive past the blockade." Continue reading →

Continue Reading‘Hell to pay:’ Residents angry as RCMP seize guns from High River homes