News Commentary

Ron Paul: US Action in Mali is Another Undeclared War

"Where does the president get the authority to become a co-combatant in French operations in Mali, even if US troops are not yet overtly involved in the attack? How did we get to Mali? Blowback and unintended consequences played key roles. When the president decided to use the US military to attack Libya in 2011, Congress was not consulted. The president claimed that UN and NATO authority for the use of US military force were sufficient and even superior to any kind of congressional declaration. Congress once again relinquished its authority, but also its oversight power, by remaining silent." Continue reading →

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Expatriation – Everyone’s Doing it, Maybe You Should Too

"Take a look at these names and you will know what unites this disparate group: Pop icon Tina Turner; Facebook co-founder Eduardo Saverin; French movie star Gerard Depardieu. These three individuals have in common good sense and a keen grasp of the bottom line on a profit and loss sheet. And they all recently have been in the spotlight for ending their native citizenship and moving their residence elsewhere. They were sensationalized by the news media and accused by politicians of unpatriotically avoiding high taxes at home." Continue reading →

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“Currency Wars” heating up again! What it means for you

"Coordinated, easy monetary policy among the world’s central banks has been a key driver of asset values. That much is undeniable. I have highlighted multiple markets — from junk bonds to farmland to emerging market bonds — where bubblicious activity is rearing its ugly head again as a result, just as it did in previous periods of overly aggressive policy easing. We know this doesn’t end well. The only question is timing." Continue reading →

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The Disappearing Gold

"The Bundesbank is just as fearful of a run as the Fed and will be only too willing to accept the Fed’s terms. What must be borne in mind is the root cause of the request. It was not the Bundesbank itself that originally wanted the transfer to take place; it was the German people who, quite rightly, have become distrustful of the fact that their gold has been in New York for so long and want to see it repatriated. It is not the banks who wish to correct the situation. Not one bank wishes to expose the inappropriate practices of any other bank. Their loyalty is to each other and not to their depositors." Continue reading →

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Severe Disaffection: Seventy-five Percent of US Citizens Don’t Trust Government

"It is a manifestation of a larger disaffection that has been exacerbated by what we call the Internet Reformation. The Internet allows people to understand their world in ways they didn't before and tends to put discontent into a larger perspective. Whereas before, people might have been more apt to blame themselves or their circumstances for their troubles, now they may see their dilemmas as part of a larger systemic issue. But the nation's media gatekeepers like PBS continue to focus on such issues as they have in the past, mainly through the lens of the two-party political system. This in a sense trivializes the growing discontent and misinterprets it, as well." Continue reading →

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U.S. GDP Shrinks. WSJ Says ‘No Reason to Panic.’

"According to the feds, the US GDP shrank 0.1% (annualized) in Q4. These are preliminary figures, of course, and recent revisions have been mostly down. This also comes on the heels of recent news from the UK where the economy shrank, and where, according to The Telegraph, the economy is headed for a 'triple dip.' Most alarmingly, all of this contraction comes as central banks continue to print money like there's no tomorrow, underlying the true weakness in the economy." Continue reading →

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EU Financial Tax Portends Loss of Market Leadership

"Although limited presently in scope and at an apparently low rate, the tax will nevertheless provide an extra layer of financial bureaucracy that will dissuade some market participants from transacting in the Eurozone. More importantly, the measure is a 'supra national' tax that helps to pave the way towards a global taxation system. Not only will such a system be economically damaging, but it will be devoid largely of effective democratic accountability. At a time when governments should be encouraging the free flow of capital, this measure moves us exactly in the wrong direction." Continue reading →

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Two Cheers for the Coming Collapse of the U.S. Economy!

"'At some point, holders of Treasury securities are going to recognize that these unfunded liabilities are going to affect the fiscal capabilities of the government and then you're going to have the same situation that happened in Greece happening in the U.S.,' says Jeffrey Rogers Hummel, who is a professor of economics at San Jose State University and the author of a recent paper on the consequences of a U.S. government default. 'In the short run it's going to be painful, but in the long run it'll be a good thing.'" Continue reading →

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Alex Jones TYT Interview: Guns, Conspiracies, and Mental Health

"After his appearance on Piers Morgan, Alex Jones has made the news for his stance on guns and his various global conspiracy theories, including one about a group determined to build a dystopia and kill people off. In a heated interview, Cenk Uygur questioned his various statements, and even asked him the question, 'Have you ever sought mental health treatment?' Well, according to Jones, America needs mental health treatment. What does he mean? Watch, as Cenk Uygur attempts to get to the bottom of it." Continue reading →

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