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Japanese police raided major Bitcoin exchange late Wednesday afternoon creating sell offs on the exchange. In an unconfirmed report by a person within Naicho speaking on a condition of anonymity that the Mt. Gox bitcoin exchange may be responsible for the DDoS attacks and could be responsible for market manipulation. http://ireport.cnn.com/docs/DOC-966426 Arizona’s Hard Currency: How Much Gold Might It Need? by Miguel Perez-Santalla, BullionVault Friday, 12 April 2013
How much gold & silver might Arizona, Utah and the other states now involved in hard-currency laws come to need…?
ARIZONA is moving to allow gold and silver coin to be used to pay debts, and – effectively – go shopping.
This has already been approved in the state of Utah, and there is an assortment of other states [...] Latest Global Economic Slowdown Confirmed After Disappointing Chinese, German PMI Data If there was any debate about the global economic contraction, driven largely due to pundits confusing manipulated stock market levitation with this anachronistic thing called the “economy” and fundamentals for the fourth year in a row, all doubts were removed after this morning’s manufacturing PMI data out of China, which as reported previously was a big disappointment (sending the Composite firmly into [...] from FT: With last week’s release of the president’s budget, Washington has once again descended into partisan squabbling. In the US today, there is pervasive concern about the basic functioning of democracy. Congress is viewed less favourably than ever before in the history of opinion polling. There is widespread revulsion at political figures seemingly unable to reach agreement on measures to reduce future budget deficits. Pundits and politicians alike condemn “gridlock”. [...] MORGAN STANLEY: Cyprus Is No Longer A Full Member Of The Eurozone! Yesterday we brought you some commentary from various economists and pundits who were arguing that in a sense, Cyprus has just left the Eurozone. The reasoning with this: In order to reopen Cypriot banks (tentatively scheduled for Thursday) Cyprus will need to impose strict capital controls to prevent a bank run. In other words, there will be limits on how much money you can [...] From Carpe Diem: The Boston Company’s Asset Management’s Global Natural Resources Team released a research report last month titled “End of an Era: The Death of Peak Oil: An Energy Revolution, American-Style.” Some excerpts appear below: Introduction: For decades, pundits have been trying to predict a tipping point for Peak Oil – when a sustained and unabated climb in oil prices sparks a near-collapse of the global economy. According to Peak Oil [...] Infowars.com More people are waking up and rejecting the establishment pundits, and as leaders in alternative media, it’s our job to continue to ramp up our fight against the global elite. READ MORE In the immediate aftermath of Friday’s terrible tragedy in Connecticut, there have been the predictable calls to enact new gun control legislation. The usual proponents of additional restrictions on guns have filled the airwaves with calls for immediate legislative action. Sen. Diane Feinstein has promised to introduce a new “assault weapons” ban on the first day of the new Congress next year. But, there are three very big reasons to [...] by Bill Bonner, Daily Reckoning.com.au:
Nothing much to report from Wall Street. Nothing much going on in Washington either. Stocks up and down. Politicians too. Columnists are worried that the fiscal cliff will cause a US recession. Pundits tell us how to avoid it. But they’re all missing the point. Here’s the important thing: It’s a bust we need, not a boom. What? Huh? What the heck are we talking about? Here is a typical worrier, giving us reasons [...] Mac Slavo
Well, we’re here. Election night 2012 – arguably “the most important election of our lifetime,” as many pundits would say. There’s nothing we can write, no argument we can make… It’s in the hands of the American people now (or the attorneys and the courts tomorrow). You can follow the election Live on any of your favorite mainstream channels. For those interested in some alternative viewpoints, tune in live to Infowars 2012 [...] Let’s take a look at this storm from the political side, make prognostications, and see who is corrrect. Sound like fun. I’ll go first. October Surprise Act I – kidnapping of Ambassador Stephens an epic fail. As Glen Beck said, Fast&Furious times 1000. This will come out sometime, but it is nclear how much it can hurt Obama after the election. Keep in mind that Building 7 was demolished, along with [...] Mike Krieger The Seventy Percent Dan Steinhart, Managing Editor The US has too much debt. This is no longer a controversial statement. Some may believe other problems are more urgent, or that we need to grow our way out rather than slash spending. But even the most spendthrift pundits acknowledge that the debt-to-GDP ratio of the US must decrease if we are to have a stable, prosperous economy. The private sector has reacted [...] Leading into tomorrow’s presidential debate, journalists are busy setting expectations for the candidates. On Sunday’s Good Morning America, ABC’s George Stephanopoulos argued that Mitt Romney is under “huge, huge” pressure: “He is behind right now. He is behind nationally, he’s behind in all of the battleground states. This is the last big audience that Mitt Romney is going to have with about four and a half weeks left to go.” But more [...] A large majority of likely voters believes all Americans should pay some federal income tax — even if it is as little as one percent of what they make. Seventy-nine percent say everyone should pay something, according to a Fox News poll released Thursday. That includes 85 percent of Republicans, 83 percent of independents and 71 percent of Democrats. According to the IRS, last year approximately 41 percent of tax filers did not [...] Do we make both a conceptual and analytical mistake when we refer to student loans as a form of “financial aid”? Should that term be something to be resisted? Demos’ Tamara Draut brought up this point in a conversation recently, and I think it needs to be explored further, because it frames how we speak about student loans. The government records and documents student loans as a form of aid. Here’s a list of [...] The Federal Reserve is to decide on Thursday whether it’s going to launch another round of Quantitative Easing this Thursday. We just put up a survey on the subject, but so far, the No QE camp is winning overwhelmingly. You can still vote here. The plurality think that the Fed will only extend guidance, but not do bond purchases, leaving that bullet on the table for a latter meeting. Opinions among analysts and pundits [...] rom Bruce Krasting: Bernanke has to do something this week. Most pundits are suggesting it will be more LSAPs (QE). I have trouble with this scenario. To be of any benefit, a new QE would have to be for $600 billion. If QE3 were to be only a paltry $200 billion, it would be received very poorly. I don’t see Ben shooting off a popgun this week. He would be better off [...] From Forbes: This story appears in the September 24, 2012 issue of Forbes. Pundits are pooh-poohing the plank in the GOP platform that calls for a commission to examine “possible ways to set a fixed value for the dollar,” declaring it a sop to Ron Paul supporters. And indeed this was a motivation of hard-core political calculators around Governor Romney. But these self-styled, world-weary cynical types didn’t put this item in of [...] Like the country we have been privileged to serve, we remain fundamentally optimistic about the future. We have endured a financial collapse, a protracted recession, a fiscal crisis that threatens the creditworthiness of the U.S. government, and polarized politics that makes it ever more difficult to govern. Pundits regularly remind us how other great powers, from Rome to Great Britain, all fell into eclipse. We reject such pessimism. The United States remains [...] While pundits and critics are divided over whether “2016: Obama’s America” is a sobering documentary examining “the most mysterious U.S. president in modern history” or an 87-minute attack ad, there’s no debating that the film is a box office phenomenon. Taking a page from his own book “The Roots of Obama’s Rage,” conservative scholar Diniseh D’Souza’s film has shocked industry prognosticators by earning an estimated $20 million to date, more than [...] From The Burning Platform: Neil [Howe] puts the 2012 election into a generational perspective. If you are looking for Neil to pick a winner, read no further. He’s an academic at heart and never tells you what he thinks will happen. But, he supplies plenty of data for you to make up your mind. Two Events Will Shape The Next Tragic Act In Europe …The people of Europe, like their American peers, still live under the illusion that they can exert their political influence in the ballot box. They will all find out that this influence can be fought for, gained and exerted in one place only: the street. And that is where we will find the people. So there’s a third defining event coming to [...] Some pundits tried to discount him long ago, but it seems Ron Paul 2012 keeps chugging along. Sure, Paul supporters have feuded with state Republican parties across the country, battling for delegate seats at the national convention. But the national party is welcoming Paul and his supporters to the event with open arms, even helping the Texas congressman organize his troops. Never mind that Paul says he hasn’t decided if he [...] Current Law The 2001 tax relief bill (EGTRRA), drastically reduced the impact of the death tax over the course of a decade, so that it was eliminated entirely for one year in 2010 — a good year to die, joked a number of pundits. The bill lowered marginal rates and increased the applicable exclusion amount, but it also included a provision allowing individuals to carry over exclusion dollars that were unused [...] He may have effectively abandoned his White House ambitions, but Ron Paul is still promising to make good on his promise to carry his quixotic presidential campaign all the way to the Republican National Convention. The Texas Congressman sent out a rare campaign update Wednesday night, informing supporters that he is still in the race, and stands to have “nearly 200 bound delegates” at the convention in Tampa. Paul adds that he also expects to [...] |
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