Doug Casey: U.S. of Totalitarianism
"Doug Casey talks to Lew Rockwell about what’s happening in America and elsewhere and how fast." Continue reading →
Obama rebukes North Korea over nuke test and calls for ‘swift’ and ‘credible’ action
"US President Barack Obama said Tuesday that North Korea’s 'provocative' nuclear test did not make it more secure and called for 'swift' and 'credible' international action in response. Obama also vowed in a written statement that Washington would remain vigilant in the face of the underground detonation by the Stalinist state and steadfast in its defense commitments to its allies in Asia. 'The danger posed by North Korea’s threatening activities warrants further swift and credible action by the international community,' Obama said, ahead of an emergency meeting of the UN Security Council called for later on Tuesday." Continue reading →
U.S. gold bars and coins find new home overseas on Asian demand
"Booming demand for gold as a store of wealth among Asian investors is driving physical gold bars and coins out of the United States and into Asia. A growing number of gold vaults for affluent Asians and new precious metals investment products, particularly exchange-traded funds, have led to an exodus of gold owned privately from the United States into emerging economic powers such as China. On Friday, Commerce Department data showed U.S. exports of nonmonetary gold, which excludes central bank transactions, soared by 43 percent to $4 billion in December from the previous month." Continue reading →
Get ready for Washington’s “Automatic IRAs”
"The basic gist is that businesses with 10 or more employees would be required to start funding a new form of individual retirement account. While businesses that already have retirement plans would be exempt, it’s estimated the legislation would affect about 40 percent of the U.S. workforce. Employees would be automatically enrolled. What kind of investment choices would be offered? That’s not clear yet, though Mr. John — the initial creator — has said: 'There could be an R-Bond account at Treasury for first-time savers, but that money would be rolled into private sector accounts once the individual accounts reached a certain size.'" Continue reading →
Get ready for Washington’s “Automatic IRAs”
"The basic gist is that businesses with 10 or more employees would be required to start funding a new form of individual retirement account. While businesses that already have retirement plans would be exempt, it’s estimated the legislation would affect about 40 percent of the U.S. workforce. Employees would be automatically enrolled. What kind of investment choices would be offered? That’s not clear yet, though Mr. John — the initial creator — has said: 'There could be an R-Bond account at Treasury for first-time savers, but that money would be rolled into private sector accounts once the individual accounts reached a certain size.'" Continue reading →
Banks, at Least, Had a Friend in Geithner
"As financial adviser to the president in the tumultuous years immediately after the credit crisis, Mr. Geithner had immense sway over the government’s approach to all things economic. For everyday Americans, his major tasks included responding to the home foreclosure mess, unwinding federal bailouts under the Troubled Asset Relief Program and tackling the problem of financial institutions that are too big to manage and too interconnected for America’s good. But in scanning these agenda items, a pattern of winners and losers emerges. Let’s just say the financial institutions that dominate the United States were rarely on the losing end in the Geithner years." Continue reading →
FDA on the verge of approving first bionic eye for the blind
"After years of research, the first bionic eye has seen the light of day in the United States, giving hope to the blind around the world. Developed by Second Sight Medical Products, the Argus II Retinal Prosthesis System has helped more than sixty people recover partial sight, with some experiencing better results than others. Consisting of 60 electrodes implanted in the retina and glasses fitted with a special mini camera, Argus II has already won the approval of European regulators. The US Food and Drug Administration is soon expected to follow suit, making this bionic eye the world’s first to become widely available." Continue reading →
Barack Obama is pushing gun control at home, but he’s a killer abroad
"His justification for targeted killings and drone strikes in foreign parts, prompted by his nomination of a CIA director, has coincided with his advocacy for stiffer gun control and appeals to respect human life following mass shootings. The result is an administration raising life and death issues in its actions and pronouncements but being unable to talk with any moral authority or ethical consistency on either. The credibility of a president in challenging lawless social violence in US cities is fundamentally undermined when he has his own personal kill list in violation of international law to terminate enemies elsewhere." Continue reading →
Brussels fights US data privacy push
"Europe’s most senior justice official is adamant she will fight US attempts to water down a proposed EU data protection and privacy law that would force global technology companies to obey European standards across the world. Viviane Reding, EU commissioner for justice, said that the EU was determined to respond decisively to any attempts by US lobbyists to curb the EU data protection law. Ms Reding’s firm approach is likely to spark a diplomatic battle between Brussels and Washington, which has actively been trying to water down the EU’s tough new privacy legislation by handing US companies a de facto exemption from it." Continue reading →
Homeland Security Watchdog OKs ‘Suspicionless’ Seizure of Electronic Devices Along Border
"The Department of Homeland Security’s civil rights watchdog has concluded that travelers along the nation’s borders may have their electronics seized and the contents of those devices examined for any reason whatsoever — all in the name of national security. The President George W. Bush administration first announced the suspicionless, electronics search rules in 2008. The President Barack Obama administration followed up with virtually the same rules a year later. Between 2008 and 2010, 6,500 persons had their electronic devices searched along the U.S. border, according to DHS data." Continue reading →
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