Resistance

Jack Lew and Citigroup: How the Corrupt Rich Get Unjustly Richer with Crony Capitalism

"Warren Buffett lined his pockets by making a government-subsidized investment in Goldman Sachs during the financial crisis. The just-confirmed Treasury Secretary Jack Lew was given a huge bonus for leaving Citigroup several years ago. He was showered with money specifically for leaving the company to take a 'high level position with the United States government'. But Lew’s loot is pocket change compared to the $115 million that former Clinton Treasury Secretary Robert Rubin received for helping to steer the company into financial collapse." Continue reading →

Continue ReadingJack Lew and Citigroup: How the Corrupt Rich Get Unjustly Richer with Crony Capitalism

Subway Founder: ‘Wouldn’t Exist’ If Started Today Due to Regulations, Then Calls For Min. Wage Hike

"Deluca said the environment for entrepreneurs in the U.S. has 'continuously gotten worse because there are more and more regulations. It's tough for people to get into business, especially a small business.' The Subway founder pointed to a number of government regulations that are degrading the business environment for entrepreneurs. Examples include the Affordable Care Act, an increase in the minimum wages and the end of the payroll tax holiday. The Affordable Care Act is 'the biggest concern of our franchisees,' Deluca said. 'They don't know what to expect. It's causing a lot of concern, but that too will be passed on to the consumer.'" Continue reading →

Continue ReadingSubway Founder: ‘Wouldn’t Exist’ If Started Today Due to Regulations, Then Calls For Min. Wage Hike

Bernanke’s Subsidies: Houses and Cars

"What happens when the Federal Reserve promises to create $1 trillion in fiat money per year, and then starts by buying long-term Treasury bonds and Fannie/Freddie bonds? Interest rates go up. Wait a minute. Weren’t interest rates supposed to go down? Yes, they were. That is what Keynesian economics teaches. Problem: Keynesian economics is wrong. But Bernanke and the FED will move forward, inflating on a scale undreamed of prior to 2008. That is the only trick it has up its collective sleeve. 'When in doubt, inflate.' That is alpha and omega. That is the law and the prophets. Lock in that mortgage rate." Continue reading →

Continue ReadingBernanke’s Subsidies: Houses and Cars

Montana House Votes 97-1 to approve anti-NDAA bill

"In a huge win for the Bill of Rights, the Montana House of Representatives overwhelmingly approved a bill to ban indefinite detention in Montana by a vote of 97 to 1. Introduced by state Rep. Nicholas Schwaderer, HB 522 would also 'prohibit state cooperation with federal officials' who try to enforce the National Defense Authorization Act (NDAA). The lone no vote was cast by Democrat Bob Mehlhoff. HB 522 previously passed the House Judiciary Committeeunanimously. The bill now heads to the state senate for approval." Continue reading →

Continue ReadingMontana House Votes 97-1 to approve anti-NDAA bill

Louisiana Health Dept.: Homeless Can’t Eat Deer Meat

"Hunters across Louisiana are outraged after state health officials ordered a rescue mission to destroy $8,000 worth of deer meat because venison is not allowed to be served in homeless shelters. The Dept. of Health and Hospitals ordered the staff at the Shreveport-Bossier Rescue Mission to throw 1,600 pounds of donated venison in garbage bins – and then ordered then to douse the meat with Clorox – so other animals would not eat the meat." Continue reading →

Continue ReadingLouisiana Health Dept.: Homeless Can’t Eat Deer Meat

Obamacare tax on unearned income cannot be offset by foreign tax credits

"I am getting more and more confirmation from unrelated sources that the Obama 3.8% tax on unearned income cannot be offset by the Foreign Tax Credits of U.S. citizens abroad. To put it simply: U.S. citizens abroad, who via taxation in their country of residence, pay for health care in their country of residence, are now required to pay for health care for U.S. residents. Oh well: I guess that’s consistent with the definition of citizenship that Obama gave in his State of the Union address. U.S. citizens abroad must accept their obligations to those remaining inside the U.S." Continue reading →

Continue ReadingObamacare tax on unearned income cannot be offset by foreign tax credits

Japan seen nominating “deflation basher” as BOJ head

"Japan's prime minister is likely to nominate an advocate of aggressive monetary easing - Asian Development Bank President Haruhiko Kuroda - as the next central bank governor to step up his fight to finally rid the country of deflation. The yen fell on the nomination news to a 33-month low and the yield on five-year government bonds hit a record low as markets moved to factor in bolder monetary policy. Kuroda has long criticized the BOJ as too slow to expand stimulus, and is expected to push for more radical efforts to achieve a 2 percent inflation target set in January." Continue reading →

Continue ReadingJapan seen nominating “deflation basher” as BOJ head

Upcoming European Financial Trading Tax: “All Markets, All Actors, All Products”

"The tax would be owed no matter where the trade took place, as long as a European security or European institution was involved. If a French bank bought shares in an American company on the New York Stock Exchange, the tax would be owed. To get out of the tax, a financial institution would have to do more than simply move its headquarters out of the 11 countries that now plan to impose the tax. It would also have to forgo serving clients in any of those countries and trading in securities or derivatives from any of the countries. Officials are confident that no major institution will be willing to forsake such large markets as France, Germany, Italy and Spain." Continue reading →

Continue ReadingUpcoming European Financial Trading Tax: “All Markets, All Actors, All Products”

Jeffrey Tucker: Top Alternatives to Paper Money

"I’ve just left the Liberty Forum in New Hampshire as the proud owner of three types of nonpaper, nongovernmental monies. They operate in competition with the government’s dollar. Yes, these include Bitcoin, the mind-blowing digital currency that has techno-geeks, edgy global traders, and even the World Bank buzzing about its potential to finally separate money from the state. Why are people working on alternative forms of money? It’s all about escaping a 100-year-old trend. Depression, war, and deliberate debasement have left us with a dollar that is a mere shadow of its former self." Continue reading →

Continue ReadingJeffrey Tucker: Top Alternatives to Paper Money