Monthly Archives: August 2012

Romney Executes Republican Party Power Grab

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“The move came at the encouragement of Mitt Romney supporters on the committee, including Romney’s top lawyer Ben Ginsberg, who stressed that it would grant ‘flexibility’ to Romney and the committee to adapt to changing political environments. The rule allows the RNC to amend the party’s rules without a vote by the full Republican National Convention. And it offers the Republican Establishment a new tool to keep at by Tea Party initiatives that threaten to embarrass or contradict party leadership and stray from a planned message.”

http://www.buzzfeed.com/zekejmiller/romney-executes-republican-party-power-grab

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Police State in Full Swing at RNC

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“The police in the Tampa Bay area are not just clearing out jails in preparation for a large number of arrests. They also have a contingent of helicopters, cameras, EOD X-ray machines, armored trucks, fancy aluminum bikes, Bobcat utility vehicles and…drones!”

http://libertycrier.com/government/police-state-in-full-swing-at-rnc/

 

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Marc Faber: Odds of Global Recession Are 100%

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“There’s still a 100 percent chance the world heads into recession, Marc Faber, publisher of ‘The Gloom, Boom & Doom Report,’ told CNBC’s ‘Closing Bell’ on Thursday, echoing a call he made in May.  When you look at the major economies, Europe, the U.S., China and the emerging markets that are dependent on China for growth, Faber, aka Dr. Doom, only sees weakness.”

http://www.cnbc.com/id/48768746

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Report: U.S. middle class has ‘worst decade in modern history’

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“The U.S. middle class has shrunk drastically over the last 10 years as Americans’ net worth has plunged, wages declined and standards of living slipped away, according to a report released on Wednesday.  Middle-income earners, long seen as the solid center of the country, are pessimistic and place the blame squarely on U.S. lawmakers, banks and big business, the findings by the Pew Research Center showed.”

http://www.chicagotribune.com/business/breaking/chi-report-us-middle-class-has-worst-decade-in-modern-history-20120822,0,4005682.story

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American household income dropped nearly 5 percent in economic recovery

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“Research released Thursday by a firm created by two former Census Bureau officials revealed that U.S. median household income fell almost 5 percent from June 2009, when the last economic recession was said to have ended, through June 2012.  Americans age 55-64 took it on the chin during the post-recession period starting in June 2009, seeing household incomes plunge nearly 10 percent, according to data produced by Sentier Research (PDF). Younger Americans ages 25-34 also saw their incomes drop by nearly 9 percent.”

http://www.rawstory.com/rs/2012/08/24/american-household-income-dropped-nearly-5-percent-in-economic-recovery/

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Collapse of New Bridge Underscores China’s Infrastructure Concerns

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“One of the longest bridges in northern China collapsed on Friday, just nine months after it opened, setting off a storm of criticism from Chinese Internet users and underscoring questions about the quality of construction in the country’s rapid expansion of its infrastructure. China’s large economic stimulus program in 2009 and 2010 helped the country avoid most of the effects of the global economic downturn, but it involved incurring heavy debt to pay for the rapid construction of new bridges, highways and high-speed rail lines all over the country.”

http://www.nytimes.com/2012/08/25/world/asia/collapse-of-new-bridge-underscores-chinas-infrastructure-concerns.html?_r=1&smid=tw-share

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Chinese Investors Snap Up Burgundy Vineyard As Thirst For French Wine Grows

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“The chateau producing Napoleon’s favourite red wine, one of Burgundy’s most prized vineyards, has been sold to a Chinese gambling tycoon, sparking dire warnings from local growers of a ‘foreign invasion’ of mainly Asian investors.  It is the first Burgundy chateau to fall into the hands of the Chinese, who have already bought 20 Bordeaux chateaux and are fanning out to other regions as they seek to cater for rocketing domestic demand for French wine and art de vivre.”

http://www.businessinsider.com/chinese-investors-snap-up-burgundy-vineyard-as-thirst-for-french-wine-grows-2012-8

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Alert: DHS Rounding up Veterans, Throwing them in Mental institutions

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“John Whitehead of the Rutherford Institute also said that he had been contacted by numerous veterans in the aftermath of Raub’s release who had encountered similar problems with authorities attempting to have them declared mentally ill.  Whitehead attributed the high number of cases involving veterans as a consequence of the Department of Homeland Security’s aggressive campaign to demonize former servicemembers as domestic extremists.”

 http://www.infowars.com/lawyer-20-more-cases-similar-to-brendon-raub-ongoing/

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Lightning Fast, Dirt Cheap: Bitcoin Shows What Banking Could Be

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“It took 11 minutes, tops, after I pushed the button for the equivalent of $5 to travel across the Atlantic. For this service I paid less than a penny.  There were no banks involved. If there had been, it would have cost me at least twice the amount I was sending.  Whoa. In addition to being a store of value, Bitcoin is also a means of exchange, a payment system that can perform many of the same functions as banks and as financial services companies like Western Union, PayPal and Visa. And its efficiency as such is arguably a more important reason for bankers to pay attention to it.”

http://www.americanbanker.com/bankthink/lightning-fast-dirt-cheap-bitcoin-shows-what-banking-could-be-1052108-1.html

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Ron Paul on the Gold Standard

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“Ron’s at his best in this interview. Notice Maria Bartiromo’s bankster-type, establishment anti-gold questions.  As I have pointed out before, Bartiromo is in with the elite crowd, from Jamie Dimon to Tim Geithner and David Rubenstein.”

http://www.economicpolicyjournal.com/2012/08/ron-paul-on-gold-standard.html

 

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