News Commentary

Christopher Dorner and the Chaos Inherent to Government

"The LAPD and surrounding police departments were out in full force, their penchant for unleashing deadly violence without warning on no more basis than a hunch on open display. In truly military fashion, police even unleashed a surveillance drone as part of the search. Understandably, many felt unsafe. And for what? While bringing Dorner in — or down — was clearly a priority, the way in which he was pursued, the pile of resources devoted to his capture, and the unprovoked violence inflicted on civilians made it clear that that priority wasn’t rooted in public safety." Continue reading →

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Central Bank Snuffs Out Vietnam’s Thriving Gold Market

"There is such a demand to hold gold in Vietnam that the public is now holding some 300 to 500 tons of gold, totaling U.S $30 billion. Recently, however, the Vietnamese central bank disallowed loans in gold. Now, it is preventing banks from paying interest to customers on their gold. Instead, it is forcing banks to charge customer to store their gold, and requiring banks to regularly report on their transactions with account holders. What’s happening is that the government wants to prevent citizens from using alternatives to its own quickly devaluing currency. This, way, the government can continue to steal purchasing power from its citizens through inflation." Continue reading →

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FATCA: Do I have to report my offshore gold?

"Imagine what would happen if the Chinese government passed a law requiring US banks to share customer information with Beijing. People would go nuts. But in the Land of the Free, it’s normal. Crazy. It gets worse. FATCA was a mere 18 pages of poorly worded legislation that failed to define critical terms. How many pages of regulations did the IRS issue? The answer is a mind numbing 544 pages. After an initial read, though, the language of the regulation does suggest that custodial gold institutions (like GoldMoney, etc.) should be reported. Offshore safety deposit boxes (like Das Safe) do not." Continue reading →

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Doug Casey: Why America Should Default and You Should Live Abroad

"Reason TV's Nick Gillespie sat down with Casey to discuss why America should default on its debt, why he spends most of his time in Argentina these days, and the importance of self-reliance and free-market principles. His new book, Totally Incorrect, is a collection of conversations with Louis James that explore the ways in which government policy and centralized power threaten cultural and economic progress. In a series of engaging and wide-ranging dialogues, Casey and James talk about everything from the Great Depression to drug use to the Roman Empire." Continue reading →

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The UK – In Or Out Of The EU?

"Many British people are fearful that a referendum may create economic strife with the EU, whist many others feel that the referendum could set them free of the EU debt. (The UK has plenty enough debt of its own.) So, then, what is the point? Is Mister Cameron truly sowing the seeds of freedom? Or is this mere political posturing? Is he annoying the EU needlessly? Or is he possibly simply thumping his chest in order to diminish the number of votes that may be lost to UKIP (the UK Independent Party) in the election?" Continue reading →

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The Strange Moral Compass of Christopher Dorner

"Amid all the endless yabbering about 'gun culture' in the wake of Sandy Hook, little attention is paid to the idea that military and police institutions often create, or at least enable, psychopaths who really know how to use guns. Why should we trust our government with guns when they churn out people like this nutjob? The most poetic ending possible would be for a well-armed civilian to take Dorner out cold." Continue reading →

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Peter Schiff: Messing with the Bull

"In retaliation for the unpardonable sin of questioning the U.S. Treasury's credit worthiness, the Obama Administration is sending a loud and clear message to Wall Street: mess with the bull and get the horns. Shockingly, the blatant selectivity of the prosecution, however, has failed to ignite a backlash. But as the move violates both the spirit of the Constitution and the letter of the law in so many ways, I can't help but look at it as a sea change in the nature of our governance. Call it Lincoln with a heavy dose of Putin." Continue reading →

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