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U.S. Regulators Mull Yanking Access To USD As Punishment For Banks

"BNP Paribas is expected to plead guilty in the coming weeks to charges that it processed payments for companies and countries that were subject to United States sanctions. BNP Paribas is also expected to pay financial penalties of about $8 billion, which would leave a sizable, though manageable, dent on its balance sheet. Despite those potential punishments, some regulators want to do more. Specifically, Benjamin M. Lawsky, New York State’s top financial regulator, is considering whether to temporarily suspend BNP Paribas’s ability to process dollar payments, according to people briefed on the settlement talks." Continue reading →

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Why is holder and the administration not enforcing federal drug laws, duh!!The truth behind the phony drug war. U.S Patent 6630507,

US Patent 6630507: The Nail in the Drug War Coffin? US Patent 6630507 is owned by the federal government despite persecution of marijuana as a schedule I drug with no accepted medical uses… The nail in the coffin of the US War on Drugs is a medical marijuana patent owned by the federal government. At […]

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Read more about the article Who among all the candidates running for Arizona Governor will discuss this important subject in a public forum?
The Arizona Sentinel

Who among all the candidates running for Arizona Governor will discuss this important subject in a public forum?

Aztlanderos – A Deluded and Dangerous Brotherhood By Al Garza, Published by The Christian News, November 2012 Too few U.S. citizens realize there is a virtually unrecognized violent faction of pro-Palestinian anti-U.S. activists plotting and laboring to overthrow the states of California, Arizona, New Mexico, and Texas, and eventually, according to some who follow the […]

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A Partial Defense of the Majority Opinion in Bond v. United States

Chief Justice Roberts’ majority opinion in Bond v. United States has been sharply criticized (see here and here), so I’ll say few words partially in its favor. The case has seemed odd from the beginning because the federal statute at issue implements the Chemical Weapons Convention and (as the majority says) the local misuse of household chemicals does not seem the type…

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“THE BOYS OF POINTE DU HOC” – Normandy, 6 June, 1984

It was the 40th anniversary of the invasion of Normandy, France – D-Day. President and Nancy Reagan visited the beaches and battlements, and with dignitaries and veterans of WWII in attendance, it was here he gave one of his most … Continue reading →

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ECB: Bank With Us … and We’ll Charge You Interest

"This morning, the ECB took the radical stepof cutting its deposit rate to negative 0.1 percent. It also lowered its benchmark lending rate (similar to the federal funds rate the U.S. Federal Reserve has been raising and lowering for decades) to 0.15 percent from 0.25 percent. Furthermore, it tried to boost the mortgage and business loan businesses by offering to buy Asset Backed Securities (ABS) and by launching more Long-Term Refinancing Operations. While central banks in Sweden and Denmark took tentative steps in the direction of negative rates, the ECB’s move is unprecedented because no major world central bank has ever tried it before." Continue reading →

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Fed Money Pumping Brings Results: The Affluent Society Returns

"Once again, monetary inflation is being confused with high-end entrepreneurialism. Ludwig von Mises, the great Austrian economist, was not fooled about the wealth effect of modern finance and, indeed, with his colleague FA Hayek dealt a devastating blow to the ever-reoccurring idea that 'this time it's different.' It's not different. Never. It just depends on where you are in the business cycle. Like a bad penny, this dream often recurs when the Fed has dumped enough money into the economy. These funds slosh around in the recesses of commercial banks and financial firms and then gradually find their way into stock markets and thence into high-end real estate." Continue reading →

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