Bill Bonner: A Crash Course in Money (Part III)

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“Economists gain jobs, fame and prestige by claiming to improve the workings of free markets. We see that their theories have clearly worked for them. They have improved their own position… and shifted trillions of dollars to their cronies in the financial industry.  But is there a clear, undisputed example in which they have worked for anyone else?  Again, none that we know of.  But there are plenty of examples of economies that have been severely damaged by overly ambitious central planners.”

http://bonnerandpartners.com/crash-course-money-part-iii/

Congress Legalizes Warrantless Forfeiture of Private Communications

“Congress has quietly passed an Intelligence Authorization Bill that includes warrantless forfeiture of private communications to local law enforcement. Representative Justin Amash unsuccessfully attempted a late bid to oppose the bill, which passed 325-100. According to Amash, the bill ‘grants the executive branch virtually unlimited access to the communications of every American.’ According to the article, a provision in the bill allows ‘the acquisition, retention, and dissemination’ of Americans’ communications without a court order or subpoena. That type of collection is currently allowed under an executive order, but the new stamp of approval from Congress was troubling, Amash said.”

http://yro.slashdot.org/story/14/12/11/2128208/congress-passes-bill-allowing-warrantless-forfeiture-of-private-communications

North Korea’s No. 2 official visits South for rare talks at Asian Games

“North Korea’s presumptive No. 2 led members of Pyongyang’s inner circle on a rare trip Saturday to South Korea for the close of the Asian Games, with the rivals holding their highest level face-to-face talks in five years.  After months of tensions, including a steady stream of insults between the divided neighbors and an unusual number of North Korean missile and rocket test firings, expectations for a breakthrough weren’t high, but even the visit itself was significant, allowing valuable contact between confidants of North Korea’s authoritarian leader and Seoul’s senior official for North Korean affairs.”

http://www.telegraph.co.uk/news/worldnews/asia/northkorea/11140501/Senior-N-Korea-officials-to-make-rare-visit-to-South-to-attend-Asian-Games.html

Jim Rogers: Choose Farming for Your Family and Finances

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“If you know a 26-year-old who can get out of the market before the financial industry collapses again, first of all, she’s very smart. I want to meet her. I’d say to her, you better start reading a lot of history next year to temper your enthusiasm. The same result is coming again. Secondly, she should definitely know another language. Finally, she should definitely, if she likes the outdoors, farming or planting, consider agriculture. We’ve had many periods in world history when the financial types have been the center of the universe and many periods when the people who produce real goods are the center of the universe. Well, that’s coming again.”

http://www.thedailybell.com/exclusive-interviews/35910/Anthony-Wile-Jim-Rogers-Choose-Farming-for-Your-Family-and-Finances/

Defense Bill Gives Sacred Native American Sites To Mining Company

“The U.S. Senate passed a measure authorizing the nation’s defense programs Friday, and along with it managed to give lands sacred to Native Americans to a foreign company that owns a uranium mine with Iran.  The $585 billion National Defense Authorization Act of 2015 is one of the must-pass pieces of legislation that Congress moves every year. But like they did in attaching extraneous riders to the must-pass government funding bill, lawmakers used the defense bill as a vehicle to pass a massive public lands package.  The deal gives a subsidiary of the Australian-English mining firm Rio Tinto 2,400 acres of the Tonto National Forest so it can mine a massive copper deposit.”

http://www.huffingtonpost.com/2014/12/12/defense-bill-passes-rio-tinto_n_6317946.html

U.S. won’t stop Native Americans from growing, selling pot on their lands

“Opening the door for what could be a lucrative and controversial new industry on some Native American reservations, the Justice Department on Thursday will tell U.S. attorneys to not prevent tribes from growing or selling marijuana on the sovereign lands, even in states that ban the practice.  The new guidance, released in a memorandum, will be implemented on a case-by-case basis and tribes must still follow federal guidelines, said Timothy Purdon, the U.S. attorney for North Dakota and the chairman of the Attorney General’s Subcommittee on Native American Issues.”

http://www.latimes.com/business/la-fi-marijuana-indians-20141211-story.html

Taxing Cannabis Consumers Into the Black Market, Waiting for Medicine

“High Alert Investment Management is pleased to bring you this brief summary of some of the week’s top stories from the burgeoning worldwide cannabis legalization and decriminalization trend. Savvy investors and cannabis industry insiders already know this sector is one to be keeping a close eye on, and at High Alert, we’ve been watching keenly and covering it at The Daily Bell since late 2013. Many casual observers will also be interested in following a trend that is already strongly affecting the state of liberty, economics and health care around the world.”

http://www.thedailybell.com/trends-and-sector-reports/35911/Cannabis-Trends-Report-Taxing-Consumers-Into-the-Black-Market-Waiting-for-Medicine/

Charles Burris: Demonizing Putin Campaign Continues

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“Ambrose Evans-Pritchard himself provided a key piece of the puzzle with his important online expose’ article, ‘Euro-federalists financed by US spy chiefs,’ tracing the covert planning, manipulation, and financing of post-WWII European federalism to top tiers of the American intelligence establishment (which interlocked with key Wall Street investment banks and financial institutions, the major foundations which acted as covert funding mechanisms for these projects, the elite mainstream media which provided disinformation and cover for the endeavor, and entities of the foreign policy establishment such as the Council on Foreign Relations and the Atlantic Council).”

http://www.lewrockwell.com/lrc-blog/demonizing-putin-campaign-continues/

The Luxury Homes That Torture and Your Tax Dollars Built

“James Elmer Mitchell and John Bruce Jessen are not the first Americans to employ  waterboarding and other ‘enhanced interrogation techniques’ against our enemies.  But they are almost certainly the only ones to get rich doing it.  They did so by employing what is widely dismissed as ‘voodoo science’ based on misapplied principles in a program that CIA records suggest produced little, if any, intelligence of significant value.  And they might have gotten even richer. The Senate Intelligence Committee report says they secured a contract with the CIA in 2006 valued ‘in excess of $180 million.’  The CIA canceled the deal three years later, but by then the duo had received $81 million.”

http://www.thedailybeast.com/articles/2014/12/12/the-beach-houses-that-torture-built.html

Microsoft Has Aggressive Global Vision for Bitcoin

“Microsoft accounts can now be funded with bitcoin and used to purchase apps, games and videos on its Windows, Windows Phone and Xbox platforms.  The BitPay executive team first met with Microsoft in Seattle three months ago, where they conducted a two-hour conversation with its executives, product specialists and engineers.  “They already did their homework on bitcoin, and were more interested in BitPay,” BitPay chief commercial officer Sonny Singh explained. ‘After that, they really felt comfortable and wanted to start proceeding as soon as possible.’  Singh stressed that he was impressed with Microsoft’s speed, calling its drive to follow through on the initiative ‘very impressive’.”

http://www.coindesk.com/bitpay-microsoft-aggressive-global-vision-bitcoin/