sound money

Four Men Busted for Stealing Hundreds of Thousands From Bank Accounts Using Fake Credit Cards

"Lots of lessons here. Protect your bank account numbers and passwords. Its less likely that an individual will steal your funds than the government but you still need to be careful. Also note the advancement in private surveillance, the bank was able to detect the fradulent withdrawal of funds in real time, grab a picture of the suspects and get it it the police in apparently minutes." Continue reading →

Continue ReadingFour Men Busted for Stealing Hundreds of Thousands From Bank Accounts Using Fake Credit Cards

IRS Star Trek Spoof (Cost To Taxpayers: $60,000)

"The US Internal Revenue Service spent $60,000+ of your money to produce this terrible Star Trek spoof. Despite being really bad, the film does demonstrate the culture of government: You, the citizens, are tax cattle to be farmed for the state. Without genius central planners civilization itself would fall." Continue reading →

Continue ReadingIRS Star Trek Spoof (Cost To Taxpayers: $60,000)

Harry Browne: The Coming Devaluation (Sept. 3, 1970)

"Taped Sept 3, 1970, this insightful economic conversation remains relevant today. Note Mr. Browne predicts that, 'as an act of economic desperation,' our government will have to 'renege on their promise to foreign governments to pay one ounce of gold for every $35 turned in at the Treasury.' On August 15, 1971, the Nixon Administration did so." Continue reading →

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Robert Wenzel: An Examination of Key Factors in the Collapse of the Soviet Union

"The Henry Hazlitt Memorial Lecture, sponsored by James M. Rodney, presented at the Austrian Economics Research Conference. Recorded 21 March 2013 at the Ludwig von Mises Institute. Includes an introduction by Joseph T. Salerno." Continue reading →

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Cyprus vs Bankocracy: ‘Mattress better place to keep cash than banks’

"Thousands of Cypriots are celebrating, after the country's Parliament gave a resounding no vote to the EU-IMF bailout package. The move could have seen the government take up to 10% of people's savings, from private bank accounts - as a precondition to securing the much needed 10 billion euro loan. Now that it's been rejected, the ailing Eurozone member will have to work out another plan to avoid bankruptcy." Continue reading →

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The Drug Warriors Cashing In on Pot Prohibition

"When eight former DEA chiefs signed a letter to US Attorney General Eric Holder earlier this month, demanding that the feds crack down on Washington and Colorado, there was more than just drug-war ideology at stake. Two of the elder drug warriors, Peter Bensinger (DEA chief, 1976–1981) and Robert DuPont (White House drug chief, 1973–1977), run a corporate drug-testing business. Their company, Bensinger, DuPont & Associates, holds the pee stick for some 10 million employees around the US, including Kraft Foods, American Airlines, Johnson & Johnson, the Federal Aviation Administration and even the Justice Department itself." Continue reading →

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The Pot Industry’s Most Politically Important Dispensary

"Earlier this week, Reps. Jared Polis and Earl Blumenauer visited a marijuana dispensary. They were just blocks away from their congressional offices, and within months, certain D.C. residents will be able to come here to legally choose from more than a dozen strains of medical marijuana, from Master Kush to Blue Dream. The walls will be packed with vaporizers, water pipes, and pre-rolled joints. There will be THC lollipops, baked goods, and cookbooks. Just blocks away from the Capitol, it may soon become one of the most politically important marijuana distribution centers in the country." Continue reading →

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Senate embraces Internet sales tax

"The U.S. Senate voted overwhelmingly today to endorse levying Internet sales taxes on American shoppers, despite warnings that the proposal is antibusiness, harmful to taxpayers, and will be a 'bureaucratic nightmare.' Senators adopted an amendment to a Democratic budget resolution that, by allowing states to 'collect taxes on remote sales,' ushers in the first national Internet sales tax. The vote follows a week of fierce lobbying from the National Retail Federation and the Retail Industry Leaders Association, which represent companies including Walmart, Target, AutoZone, Best Buy, Home Depot, OfficeMax, Macy's, and the Container Store." Continue reading →

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Bitcoin: the fastest growing currency in the world

"Bitcoin is an unregulated, uncontrolled online currency – worth more than £500m, it's the world's fastest growing. It can be used to buy drugs, move money across the world, or get rich quick. The people behind Bitcoin speak to the Guardian's James Ball at their home in a squat in central London." Continue reading →

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Reports indicate CIA helping Syria rebels obtain arms and intelligence

"The US Central Intelligence Agency has been feeding information to select rebel fighters in Syria to try to make them more effective against government troops, The Wall Street Journal reported Saturday. Citing unnamed current and former US officials, the newspaper said the new CIA effort reflected a change in the administration’s approach that aims to strengthen secular rebel fighters. The CIA has sent officers to Turkey to help vet rebels who receive arms shipments from Gulf allies, the report said. But administration officials cited concerns about some weapons going to Islamists, the paper noted." Continue reading →

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