The US government has published the names of the people on the ‘Magnitsky List,’ despite warnings of counter-measures from Moscow and the risk of straining ties between the two countries.
The SDN list published on the US Treasury Department website includes the names 18 people from Russia and the CIS countries, who are blacklisted under the Sergei Magnitsky Rule of Law Accountability Act of 2012.
The law commonly known as the Magnitsky [...]
by Phoenix Capital Research
The big news out of Europe is whether or not Cyprus will be a template for future bailouts.
Having seen that issues like personal property, rule of law, and democracy got thrown out of the window in Cyprus as soon as things got hairy, investors and depositors throughout Europe are panicked as to whether they will be targeted next when the next European Domino starts to fall.
EU politicians [...]
Imagine if suddenly, and completely without warning, the world experienced a total blackout – no electricity, no mobile phones, no banks, no internet, no TV, no emergency services. Nothing.
Highways quickly become jammed with cars that have ground to a halt; an aeroplane falls from the sky; a satellite view of the planet shows it rapidly plunging into darkness.
As it becomes apparent that the lights are never coming back on, nations [...]
While we explained exactly why there is a possibility of a Europe-style wealth tax in the US, it appears the American Banking Association has decided to put out fires early…
While the crisis in Cyprus is a real concern for depositors in Cypriot’s banks, it has no implication for depositors in U.S. institutions. Depositors in U.S. banks are insured up to $250,000 and no insured depositor has ever lost money [...]
April 11, 2012
Margit Feher and Gordon Fairclough
Hungarian lawmakers on Monday passed amendments to the country’s constitution, despite warnings from the European Union and the U.S. that the measures could threaten the rule of law and weaken democratic checks and balances.
Parliament, controlled by Prime Minister Viktor Orban’s right-leaning Fidesz alliance, approved the changes—including provisions that allow the court system’s top administrator and prosecutors to choose which judges hear legal [...]
Failure to Prosecute Fraud Causes Economic Downturns
U.S. Attorney General Eric Holder said today:
I am concerned that the size of some of these institutions [banks] becomes so large that it does become difficult for us to prosecute them when we are hit with indications that if you do prosecute, if you do bring a criminal charge, it will have a negative impact on the national economy, perhaps even the world economy
As we’ve repeatedly noted, this [...]
(NaturalNews) Maybe it’s because I don’t watch cable television, but I must have missed some big announcement somewhere that says, “It’s now legal in America to kill anyone you name as an enemy.” That’s what Obama does with his secret kill lists, and it’s exactly what the LAPD recently demonstrated in carrying out its premeditated arson and murder against a homicide suspect.
Apparently, I was delusional in thinking that America was a country where [...]
Americans are living in an Orwellian state argue Academy Award-winning director Oliver Stone and historian Peter Kuznick, as they sit down with RT to discuss US foreign policy and the Obama administration’s disregard for the rule of law.
Both argue that Obama is a wolf in sheep’s clothing and that people have forgiven him a lot because of the “nightmare of the Bush presidency that preceded him.”
“He has taken all the [...]
by Charles Hugh-Smith of OfTwoMinds blog,
The dollar rises for the same reason gold and grain rise: scarcity and demand.
Which is easier to export: manufactured goods that require shipping ore and oil halfway around the world, smelting the ore into steel and turning the oil into plastics, laboriously fabricating real products and then shipping the finished manufactured goods to the U.S. where fierce pricing competition strips away much of the premium/profit?
Or electronically printing [...]
Is It Time to Restore the Rule of Law to America?
We have long called for non-violent forms of resistance to restore the rule of law in America. We have said for years (and we still proclaim on the right bar of our website):
We are NOT calling for the overthrow of the government. In fact, we are calling for the reinstatement of our government.
We are not calling for lawlessness. We are calling for an end [...]
Among the objections to Obamacare, one that has not gotten as much attention as it should, is the president’s power to waive the law for any company, union, or other enterprise he chooses.
The 14th Amendment to the Constitution provides for “equal protection of the laws” for all Americans. To have a law that can cost an organization millions of dollars a year either apply or not apply, depending on [...]
by Charles Hugh Smith from Of Two Minds
In a Dysfunctional Status Quo, Reform Triggers Collapse
You cannot “reform” away the dysfunction of the Status Quo without dismantling the vested interests and the ruling Elites that benefit from the Status Quo.
The dream of every conventional reform movement is to rid the system of its dysfunctional features while preserving the Status Quo.
But what the reformers don’t understand is that the Status Quo is dysfunctional [...]
Poverty is on the retreat. Despite the global economic downturn, the number of people living in extreme poverty has dropped in every region of the world for the first time since record keeping began. Though progress on the UN’s Millennium Development Goals has been uneven, we should be heartened that we have already reached the first of these eight goals – that of halving the number of people living [...]
UNITED NATIONS — The United States on Wednesday slammed “repulsive slurs” against Israel by Iran’s President Mahmoud Ahmadinejad and said it would boycott his speech at the UN General Assembly.
Ahmadinejad, whose country faces growing pressure over its nuclear program, is one of the most high-profile speakers at the UN summit on Wednesday. He has made a series of comments attacking Israel and the West while in New York.
FLASHBACK: US citicized [...]
There’s No Engine for Global Growth Pt 1 (China)
by Phoenix Capital Research
Swing by www.gainspainscapital.com for more market commentary, investment strategies, and several FREE reports devoted to help you navigate the coming economic and capital market changes safely.
I’ve been skeptical about China for some time. While I do believe China has made some serious economic progress as a country, I remain thoroughly convinced that ultimately its economic “miracle” will be much like that of [...]
Joining a growing chorus of complaints about President Obama’s new policy giving some illegal immigrants a two-year reprieve from deportation, Gov. Rick Perry has advised state agencies that the federal move will not change Texas’ policies against providing services for those who remain in the country.
In a letter distributed to state agencies on Monday, Perry calls the president’s plan “a slap in the face to [...]
From Washington’s Blog:
We have overwhelming numbers. If we worked together we would win.
Why aren’t we?
A large reason that we are failing is that people are copping out… by adopting a cynical attitude.
Many of us pretend that we are too smart to think anything can change. Too smart to get emotionally involved in the destruction of our prosperity or our liberties.
… We’ve previously noted:
The ironic thing is that if all of [...]
In China the extremely wealthy can avoid prison terms by hiring body doubles.
A new report from Slate’s Geoffrey Sant points to an incident when a wealthy Chinese youth who killed a 25-year old engineer while speeding, hired a body double to appear as him in court and serve out his three-year prison sentence.
What’s more this isn’t an isolated incident. Sant points to various other instances from Chinese media reports that show wealthy [...]
The ancient Chinese practice of lingchi, the “Death of a Thousand Cuts,” best describes the manner in which the Obama administration has systematically whittled away most immigration enforcement since taking office. Over time, the rule of law has been shredded not by a single act, but by many small cuts.
A review of President Obama’s record reveals a jaw-dropping steady and stealthy dismantling of virtually every tool and resource used to identify [...]
The Reykjavík District Court has ruled that Valitor, formerly known as VISA Iceland, violated contract laws by blocking credit card donations to Wikileaks, according to a press release posted on the whistleblowers’ Twitter account.
The court also ordered that the donation gateway should be reopened within 14 days otherwise Valitor will be forced to pay a fine of $6,200 daily. Valitor CEO Vidar Thorkellsson told Bloomberg, however, that the company would [...]
Virginia Attorney General Ken Cuccinelli’s reaction to the U.S. Supreme Court’s ruling upholding the key provision of President Barack Obama’s health care overhaul: “This is a dark day for the American people, the Constitution, and the rule of law. This is a dark day for American liberty.”
The ruling was issued Thursday morning, and Cuccinelli will hold a full news conference at 12:15 p.m.
Cuccinelli attended the Supreme Court’s [...]
In yet another blow to US-Russian relations the US Senate committee has unanimously approved a bill imposing travel and economic sanctions against Russian officials over the 2009 death of the lawyer Sergey Magnitsky.
The Sergey Magnitsky Rule of Law Accountability Act comes despite congressional efforts to lift the Cold War-era Jackson-Vanik amendment restricting trade with Russia.
The bill, which was approved on Tuesday by the Foreign Relations Committee, would impose visa bans [...]
BELLEFONTE — After hearing closing arguments today, the jury in the Jerry Sandusky child sex abuse case retreated to the deliberation room around 1:20 p.m., after the judge told them that the eight-day trial was far shorter than he had expected. He said that was thanks to the attorneys involved who came “organized.”
He also told them that the schedule of their deliberations will be up to them. They will be sequestered at [...]
Our long time friend and regular contributor Manos has been keeping us abreast of the day-to-day goings on in Greece for the better part of three years. Suffice it to say, it’s getting worse with very little hope of resolution to the economic and political woes facing the country, as well as its European neighbors.
The following is a first person perspective of the realities on the [...]
In America we have a formalized process for insolvency, bankruptcy that is overseen by the Rule of Law and the decisions are made by our courts. We have a functioning judicial system and all manner of statutes and regulations so that claims on assets are a matter of well-established Laws that govern this process. This also used to be the way of it in Europe but now we are being [...]