sound money

Uneasiness in the Netherlands about national gold reserve

"Almost 300 'concerned Netherlands citizens' have joined the German initiative for insight about the gold reserves. In a petition the citizens committee demands 'full openness on the quantity and storage location of the Netherlands' physical gold, and on the extent and nature of the gold claims.' In Germany a lot of uneasiness has risen about the quantity, value, and quality of the gold reserves, which have not been audited in many years at various storage locations. Under pressure from the German federal audit office, part of the gold stock will be repatriated from the United States to Frankfurt." Continue reading →

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60 Minutes: The new tax havens

"Companies searching out tax havens is nothing new. In the 80s and 90s, there was an exodus to Bermuda and the Cayman Islands, where there are no taxes at all. When President Obama threatened to clamp down on tax dodging, many companies decided to leave the Caribbean, but instead of coming back home, they went to safer havens like a small, quaint medieval town in Switzerland called Zug. Hans Marti, who heads Zug's economic development office, showed off the nearby snow-covered mountains. But Zug's main selling point isn't a view of the Alps: he told Lesley Stahl the taxes are somewhere between 15 and 16 percent." Continue reading →

Continue Reading60 Minutes: The new tax havens

Louisiana: Traffic Camera Company Sues Client Over Cash

"Redflex is irate that its photo ticketing contract was swept up in a parish government corruption scandal two years ago. A new set of government leaders intent on cleaning up the parish decided on January 27, 2010 to suspend the red light camera program. Officials were most concerned about documents that showed Redflex paid a 3.2 percent cut of the firm's profit on each ticket to lobbyist Bryan Wagner, a former New Orleans city councilman, who in turn shared the funds with the wife of District Judge Robert Murphy. Wagner was set to earn an estimated $90,000 a year from this deal." Continue reading →

Continue ReadingLouisiana: Traffic Camera Company Sues Client Over Cash

Diabetic Cleburne Teen Hit With Taser After Crash

"The 19-year-old driver was in a hypoglycemic state. He’s diabetic. His blood sugar was dangerously low. 'Step out of the vehicle, sir. Provide me with your driver’s license and insurance,' the officer can be heard saying. 'Step out of the vehicle. Or I will tase you!' 23-seconds later he does, firing at the teenager once in the car and once on the ground. Emergency crews arrive. The officer finds out what was wrong. 'I didn’t know he was freakin’ diabetic!' the officer said." Continue reading →

Continue ReadingDiabetic Cleburne Teen Hit With Taser After Crash

Protesters banned from tax title auction; 1 man arrested for using video camera

"During a public auction of town-owned properties on Thursday, only registered bidders were allowed to attend, the media and other members of the public were banned, and a New Hampshire man was arrested. One of the four properties that was auctioned was seized for non-payment of taxes from Bondsville call firefighter Joseph 'Jay' Noone, who had approximately a half-dozen supporters at the duplex during the open house held before the auction. Noone, who was evicted from the property last year, owed approximately $35,000 in back taxes and legal fees. The auction netted $90,000 in revenues for the town." Continue reading →

Continue ReadingProtesters banned from tax title auction; 1 man arrested for using video camera

Police Arrest 60-Year-Old Woman Speaking At City Council Meeting

"A Riverside woman is facing misdemeanor charges following her arrest for speaking too long at a Riverside City Council meeting, the Riverside Press-Enterprise reported. The incident unfolded after Wright exceeded her allotted three minutes to speak at the lectern while commenting on a sludge hauling contract. Wright, 60, was initially handcuffed by two officers while she was on her knees. Wright can be heard yelling in pain as officers tried to bring her to her feet. 'Can you see my wrists? You’re pulling and jerking on my wrists!' she said. 'I cannot get up without putting my hands down!' Wright was later led out of the building." Continue reading →

Continue ReadingPolice Arrest 60-Year-Old Woman Speaking At City Council Meeting

Obama Supporters Actually Hate Obama’s Policies

"Luke Rudkowski hits the streets of NYC to find out where Obama supporters really stand on his policies. Now he did this in an underhanded way where the policies where presented to be Romney's, but this was only done to get an honest opinion. The reactions when the truth was uncovered varied but they were very telling to say the least." Continue reading →

Continue ReadingObama Supporters Actually Hate Obama’s Policies

Honduras court bans private cities project

"The Honduran Supreme Court has ruled unconstitutional a project to build privately-run cities, with their own police and tax system. The 'model cities' project was backed by President Porfirio Lobo, who said it would attract foreign investment and create jobs. By 13 votes to one, Supreme Court judges decided that the proposal violated the principle of sovereignty. An American company was expected to invest US$15m in the initial phase of construction of the first city, on the Caribbean coast. The inspiration for his 'model cities' were Singapore, Macao and Hong Kong, President Lobo said." Continue reading →

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The Recovery Meme and Why It’s Just Talk

"The top people in Britain announce the 'recession' is over ... and then the powers-that-be attribute its ending to the Diamond Jubilee and the English-hosted Olympics. These are fairytales. The world's current downward spiral is the quite deliberate result of money printing that causes first booms and then busts. Too much money always distorts the economic system. It's an old banking trick, from what we can tell, but aided immeasurably by modern monopoly central banking. irst they expand. Then the economic rubber band snaps back, leaving people dazed and bleeding. And then those responsible begin to point fingers." Continue reading →

Continue ReadingThe Recovery Meme and Why It’s Just Talk