Monthly Archives: October 2012

Honduras court bans private cities project

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“The Honduran Supreme Court has ruled unconstitutional a project to build privately-run cities, with their own police and tax system.  The ‘model cities’ project was backed by President Porfirio Lobo, who said it would attract foreign investment and create jobs.  By 13 votes to one, Supreme Court judges decided that the proposal violated the principle of sovereignty.  An American company was expected to invest US$15m in the initial phase of construction of the first city, on the Caribbean coast.  The inspiration for his ‘model cities’ were Singapore, Macao and Hong Kong, President Lobo said.”

http://www.bbc.co.uk/news/world-latin-america-19999536

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The Recovery Meme and Why It’s Just Talk

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“The top people in Britain announce the ‘recession’ is over … and then the powers-that-be attribute its ending to the Diamond Jubilee and the English-hosted Olympics.  These are fairytales. The world’s current downward spiral is the quite deliberate result of money printing that causes first booms and then busts. Too much money always distorts the economic system. It’s an old banking trick, from what we can tell, but aided immeasurably by modern monopoly central banking. irst they expand. Then the economic rubber band snaps back, leaving people dazed and bleeding. And then those responsible begin to point fingers.”

http://www.thedailybell.com/28204/The-Recovery-Meme-and-Why-Its-Just-Talk

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Bernard von NotHaus: ‘Rosa Parks’ of the Dollar

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“He was convicted more than a year and a half ago of ‘counterfeiting,’ because he issued silver coins, which he called ‘Liberty dollars,’ and sold them at a price much lower than they would command in United States currency [today]. The case throws into sharp relief an astonishing irony — that a man who issued money that has sharply appreciated in value is facing the rest of his life in prison while the officials who issue the official Federal Reserve Notes, the value of which has in four years plunged in half, to less than a 1,750th of an ounce of gold, are walking around free.”

http://www.nysun.com/editorials/the-rosa-parks-of-the-dollar/88051/

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College tuition increases more than triple the rate of inflation

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“California — which saw the worst tuition increase last year — has a five-year tuition increase of 102 percent for two-year public colleges and a 72 percent five-year increase at four-year colleges.  But the College Board made a calculated decision to throw out California’s tuition rates in their average because it would have skewed the average increase too high.  A separate report found that 81 percent of African American students carries some kind of student debt along with 67 percent of Latino students. Only about 64 percent of white students, meanwhile have student debt.”

http://www.rawstory.com/rs/2012/10/25/report-tries-to-minimize-tuition-increase-thats-more-than-triple-the-rate-of-inflation/

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Inflation at the Currency Level

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“M2 money supply includes more than just currency. It also includes demand deposits, travelers checks, savings accounts, time deposits of under $100,000, and balances in retail money market mutual funds. But this doesn’t mean cash isn’t keeping up with the Fed’s money printing. Below is a chart showing the growth of currency in circulation, since 1990.”

http://www.economicpolicyjournal.com/2012/10/inflation-at-currency-level.html

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Catalan politicians ask for EU help against Spanish army

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“Four Catalan MEPs have asked the European Commission to tell Spain it cannot use military force to stop Catalonia from splitting away.  The letter says: ‘We are writing to you to convey our deep concern over a series of threats of the use of military force against the Catalan population … In these circumstances, the EU should intervene preventatively to guarantee that the resolution of the Catalan conflict be resolved in a peaceful, democratic manner.’  Spanish MEP Alejo Vidal-Quadras had said: ‘They [the government] should be briefing a general of the Civil Guard … the government should think of intervening in the rebellious region if they persist.'”

http://euobserver.com/institutional/117998

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Amid Austerity, Greek Doctors Offer Help to Poor

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“Until recently, Greece had a typical European health system, with employers and individuals contributing to a fund that with government assistance financed universal care. Things changed in July 2011, when Greece signed a supplemental loan agreement with international lenders to ward off financial collapse. Now Greeks must pay all costs out of pocket after their benefits expire.  The changes are forcing increasing numbers of people to seek help outside the traditional health care system. Elena, for example, was referred to Dr. Syrigos by doctors in an underground movement that has sprung up here to care for the uninsured.”

http://www.nytimes.com/2012/10/25/world/europe/greek-unemployed-cut-off-from-medical-treatment.html?_r=3&nl=todaysheadlines&emc=edit_th_20121025&&pagewanted=all

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Fraud: Medicare vs. Walmart

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“In 2010, Medicare disbursed $524 billion. The number of people receiving funds in 2012 was 49.4 million. For comparison, take a very large business that has high revenues. Number three is Walmart with $447 billion.  Walmart has 100 million customers a week.  How large is fraud against Medicare? It runs about $60 billion a year. How large is fraud committed against the Walmart company? A large fraud against Walmart reported recently was a $13 million credit card and gift card fraud. A recent large fraud case against Medicare was $430 million. Earlier this year, there was another large case of $452 million against Medicare.”

http://www.lewrockwell.com/blog/lewrw/archives/124132.html

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The most powerful person in the global economy

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“The most powerful person will soon be the president of the European Central Bank, the Italian banker Mario Draghi.  In the last few weeks, we have seen an extraordinary expansion of the European Central Bank’s powers. It can now set interest rates, control financial markets, and effectively dictate tax and spending policies across what remains — despite its current difficulties — the world’s largest single economic bloc.   But history suggests that when you concentrate too much power in a single pair of hands, and even worse when the person who wields that power is not limited by any form of accountability, the results are catastrophic.”

http://www.marketwatch.com/Story/story/print?guid=39085726-1D31-11E2-B624-002128040CF6

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Yes, Virginia, Social Security Really Is Going Bankrupt.

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“At the heart of every defensive of Social Security’s actuarial solvency is a series of lies. It is difficult to know who started the lie, but if you follow the lies, you always get back to the truth, and the truth is admitted by the Trustees of the Social Security trust fund.  This is the best-case scenario. There is a worse-case scenario: the inevitable one.”

http://www.garynorth.com/public/10235.cfm

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