Ron Paul: US Government Views You And Me As The Enemy
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Edward Snowden versus Jay Carney
"There is no doubt that Edward Snowden has created a huge public relations crisis for the Obama administration. The government appears to be not only stupid, but utterly impotent. Here we have this gigantic spying system, and it looks like the Keystone Kops. It cannot locate him. It cannot stop him. It revoked his passport. Nobody cares. Obama has remained silent on all of this. In his place is Jay Carney. Who in the world is Jay Carney? The implications of what Snowden has revealed are monumental. We have moved formally and legally into a police state. The only thing protecting us is the utter incompetence of the police state to enforce its will on people." Continue reading →
Barclays faces pressure from Somali cash transfer firms
"Barclays is the last major British bank to still provide such money transfer services in Somalia. The letter signed by more than 100 researchers and aid workers states that its plan to close its account with Dahabshiil - the largest money transfer business providing services to Somalia - on 10 July will cause a crisis for the families that rely on the transfers. Abdirashid Duale said Barclay's decision could see money transfers pushed underground into the hands of 'unregulated and illegal providers'. The group estimates that almost three quarters of Somalis who receive funds from overseas use it to pay for basic food, education and medical expenses." Continue reading →
States Put Heat on Bitcoin
"State regulators are warning virtual-currency exchanges and other companies that deal with bitcoin that they could be closed down if their activities run afoul of state money-transmission laws. According to people familiar with the situation, banking regulators in California, New York and Virginia in recent weeks have issued letters telling the companies that they need to follow the state rules or prove that the rules don't apply to them. Similar actions are expected from other states in coming weeks and months, according to people familiar with the matter. States typically require companies to put up a bond that could run as high as several million dollars." Continue reading →
The Real New Hope for the Global Middle Class
"The idea is that if people protest loudly enough, monopoly government – Leviathan – shall oblige protestors by revealing its inner workings. We know this is possible because a worldwide transparency organization led by a former World Bank executive tells us it will be so. But we have another idea. Much that is going on in the world today is attributable to what we call the Internet Reformation. Around the world, the powers-that-be are struggling to contain its evolution and impacts. In our view, they probably will not be entirely successful. One can orchestrate protests and violence. But one cannot outrun the sociological impact of digital enlightenment." Continue reading →
Der Spiegel: Public Must Fight against Prism and Tempora Surveillance
"The fact that the Americans and the British -- it is yet to be revealed who else participated -- have granted themselves this enormous power, without ever informing their own people, is a scandal of historic proportions. To the initiated, all the recent public debate about data retention, Internet privacy and the practices of Facebook and Google must have been downright amusing. The state, as it turns out, knew everything all along. The next weeks and months will show whether democratic societies across the world are strong enough to take a stand against the unlimited, totalitarian ambitions of Western secret services -- or not." Continue reading →
NBC: ‘Bitcoin losing shine after hitting the spotlight’
"The old, informal methods of using Bitcoin are dying out: Of the two largest 'exchanges' where Bitcoins are bought and sold, one, Bitfloor, shut down in April following a major theft, and the other, Mt. Gox, is facing potential criminal charges after failing to properly disclose its financial practices to FinCEN, a U.S. regulatory body. FinCEN recently acknowledged 'decentralized virtual currencies' like Bitcoin as being real money, prompting scrutiny. New firms are learning from predecessors, working with regulators and established financial players from the get-go, and structuring themselves in order to handle large amounts of money without meltdowns." Continue reading →
Starbucks Pays $15.4 Million Corporation Tax, Closes Stores Amid British Backlash
"Starbucks Corp., (SBUX) the world’s biggest coffee chain, said it will pay 10 million pounds ($15.4 million) of U.K. corporation tax this year and in 2014 in response to criticism of its money-losing British business. The company has paid 5 million pounds already and will pay the same amount later this year after forgoing unspecified tax deductions, according to an e-mailed statement. Starbucks, based in Seattle, will also pay 10 million pounds of tax next year. Starbucks said it will close or relocate unprofitable stores, and rely more on franchised or licensed stores rather than company-owned locations to become profitable in the U.K." Continue reading →
Two Thirds of Americans Support Drones for ‘Homeland Security’ Missions
"The survey also canvassed law enforcement officers, 72% of whom supported the use of unmanned drones for surveillance purposes and 66% supported their use for 'emergency response'. Initial testing of robotic spy drones for 'public safety' applications was conducted by the DHS’ Science and Technology directorate at Fort Sill, Oklahoma last year. The DHS has also been giving grants worth hundreds of thousands of dollars to police departments across the country enabling them to purchase unmanned surveillance drones such as the Shadowhawk drone, a 50lb mini helicopter that can be fitted with an XREP taser with the ability to fire four barbed electrodes." Continue reading →
Edward Snowden – A Real American Hero
"When you make a mistake, usually there is a negative feedback loop, which lets you know you're headed in the wrong direction. You borrow too much money, for example, and your creditors begin trailing you with court orders or baseball bats. But in a major public policy disaster, the feedback loop is twisted. The feds spend too much money, for example... and give the bill to the next generation. The poor youngsters can't vote. Many are not even born yet. A police state is a disaster. It has its own ways of bending the feedback loop. Every public policy disaster produces zombies. And armed zombies protect themselves... with arms, naturally." Continue reading →
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