Monthly Archives: February 2013

ECB bailout plan in jeopardy as Italy’s voters reject conditions

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“‘The result touches us all,’ said Spain’s foreign minister, Jose Manuel Garcia-Margallo. ‘It is a jump into the void that bodes well for nobody, neither for Italy, nor for the rest of Europe.’  Almost 57pc of the Italian vote went to parties that have vowed to tear up the EU austerity script. Together they control a majority of senate seats.  The Five Star movement of comedian Beppe Grillo, which won 25pc of the vote, has called for a euro referendum and has a return to the lira as one of its manifesto pledges, while ex-premier Silvio Berlusconi has threatened to pull Italy out of the currency bloc unless the EU switches to a reflation strategy.”

http://www.telegraph.co.uk/finance/financialcrisis/9896222/ECB-bond-plan-in-jeopardy-as-Italys-voters-reject-conditions.html

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Bank of England’s Tucker Says He’s Open to QE as BOE Stresses Flexibility

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“Bank of England Deputy Governor Paul Tucker said he’s open to adding to asset purchases as policy makers stressed the central bank has the flexibility to expand stimulus if needed.  Tucker was testifying alongside policy makers David Miles, Charlie Bean and Ian McCafferty at a Parliament hearing in London today on the BOE’s latest quarterly forecasts. The BOE has said it will ‘look through’ a period of above-target inflation to keep nurturing growth, which Bean said ‘made sense’ in the current environment. Tucker also raised the prospect of negative interest rates at the hearing.”

http://www.bloomberg.com/news/2013-02-26/boe-s-tucker-says-he-s-open-to-expanding-asset-purchase-program.html

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ECB Should Join ‘Currency War’ to Weaken Euro, France’s Montebourg Says

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“The European Central Bank should weaken the euro, confronting the new ‘currency war’ head on to help address economic stagnation in the region, French Industry Minister Arnaud Montebourg said today.  Calling for a more activist and ‘political’ management of the currency shared by 17 European nations, Montebourg said at a press conference in Paris that he wants ‘the European Central Bank to do its job.’ ‘The euro is too strong and doesn’t correspond to economic fundamentals,’ he said. The ECB ‘should prepare to confront a new currency war in which the weakening of currencies becomes a political tool.'”

http://www.bloomberg.com/news/2013-02-26/ecb-should-join-currency-war-to-weaken-euro-montebourg-says.html

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Doug Casey on G20 Economic Suicide

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“The result is that you don’t just get one currency devaluing, but all currencies devaluing against real assets, commodities, goods, and services. I do believe that within the foreseeable future all these paper currencies are going to be devalued to zero – in other words, they will reach their actual intrinsic values.  This is extremely serious, because the productive people of the world – the ones who actually consume less than they produce and save the difference, which is what all economic growth and progress depends upon – will be wiped out. When their savings vanish, it’s going to create a social and political earthquake right off the Richter scale.”

http://www.caseyresearch.com/node/41549

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Australian Gov Now to Seize People’s Live Bank Accts – If ‘Inactive’

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“The government will from May 31 be able to transfer all money from accounts that have not been used for three years into their own revenues. Households face losing up to $109 million from their family savings as the Federal government moves to seize cash from inactive bank accounts. After legislation was rushed through parliament, the government will from May 31 be able to transfer all money from accounts that have not been used for three years into their own revenues … The law is forecast to raise $109 million this year as inactive accounts for three years or more are raided by Treasury. The money can be reclaimed from ASIC but the process can take months.”

http://www.thedailybell.com/28758/Shock-Australian-Gov-Now-to-Seize-Peoples-Live-Bank-Accts–If-Inactive

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America – Land of the Free?

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“A major and fallacious official justification for attacks on financial privacy and on tax havens has been the lie that the war on drugs could be won if we all surrendered our privacy.  Over $5 billion in cash and private property has been confiscated by police under forfeiture laws — and in 85% of the cases no charges were brought against the persons from which property was grabbed. In most cases, federal, state and local police kept the loot.  In the United States, where illegal drug use is highest, a vast police-prison-government lobby has arisen. It devours about $80 billion a year in taxpayer funds, supposedly to combat drugs. What a costly hoax!”

http://www.empowernetwork.com/Netpreneur/index.php/2013/02/27/america-land-of-the-free/

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Homeland Security seizes pilot’s helicopter for flying on revoked license

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“The federal government is confiscating William Stokely’s helicopter as part of a plea deal reached earlier this month.  Homeland Security agents arrested the Tulsa ad man and seasonal resident of Forest Highlands, an exclusive gated community south of Flagstaff, at the Flagstaff Airport last summer. His pilot’s license had been revoked by the FAA for flying too close to homes in Flagstaff, according to court documents. A longtime pilot, he also apparently needed to provide the FAA with proof that he was medically cleared to have a license.”

http://azdailysun.com/news/local/crime-and-courts/copter-caper-costs-pilot-his-aircraft/article_14e7b06d-63ae-5205-97b3-b833ff7132b4.html

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Adam VS the TSA: Have they ever caught a terrorist?

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Adam VS the TSA: Have they ever caught a terrorist?

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Aaron Swartz is Dead, Now White House Adjusts Rules

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“In what has to be one of the more cynical moves in recent US political history, the White House has announced (see above) that more information freely distributed is better than less information available on via subscription.  This turn of events come about six weeks after the death information activist Aaron Swartz, who supposedly killed himself when faced with severe prosecution over the intent to distribute ‘non-legal’ publicly-funded information to the public.  Swartz faced over 30 years of jail time for his ‘crime,’ and apparently committed suicide over his prosecution, we learn, after all, that such ‘laws’ are fungible and can be changed.”

http://www.thedailybell.com/28745/White-House-Directs-Open-Access-for-Technology

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Weed Country: Welcome to the Garden

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“In a remote wilderness tucked deep inside the border of California and Oregon – known as the Emerald Triangle – marijuana flourishes. Farmers in this area can earn millions in a single summer, but with that kind of reward comes huge risk. Growing marijuana here is a cutthroat business — where only the best survive.  WEED COUNTRY, a new six part series on Discovery Channel premiering Wednesday, February 20, 10|9c, shows the battle between cops, dealers and the growers looking to engineer some of the most powerful marijuana on earth.”

http://dsc.discovery.com/tv-shows/weed-country/videos/welcome-to-the-garden.htm

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