Monthly Archives: March 2013

Will Grigg: Prison Profiteers

Posted on by

“One aspect of drug prohibition that gets far too little attention is the fact that the drug war is immensely profitable for prohibitionists.  No decent person has anything but contempt for Drug Kingpins – but it’s difficult to see how Prohibition Profiteers are any less contemptible. And they’re hardly the only people who have become wealthy by monetizing the misery generated in the prison-industrial complex. Public incarceration is the only consistently growing sector of our increasingly socialized economy.”

http://www.lewrockwell.com/blog/lewrw/archives/134019.html

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Chinese solar panel company defaults on $541 million worth of bonds

Posted on by

“One of the world’s top two solar cell and panel producers, targeted last year by US trade sanctions, Suntech said it had already entered an agreement with 60 percent of the bond holders to hold off legal claims while a debt restructuring can be negotiated.  The European Union began an anti-dumping investigation into Chinese solar panels in September last year, followed by an anti-subsidy probe in November.  The United States last October confirmed hefty anti-dumping and anti-subsidy duties on Chinese solar cell makers, adding to trade tensions between the two economic powers.”

http://www.rawstory.com/rs/2013/03/18/chinese-solar-panel-company-defaults-on-541-million-worth-of-bonds/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Junk Bonds Soar in Price as Investors Seek Higher Rates

Posted on by

“Junk bonds are high-risk bonds. They are rated CCC — barely above default status. They pay higher interest rates because there is risk of default. You may not get your money back.  The rush to buy junk bonds indicates desperation on the part of investors to get something like a decent return on their money. But to get less than 6%, an investor must put his money at risk — high risk.  Investors are saying that they trust Ben Bernanke and the Federal Reserve. They are saying that the FED can create $1 trillion in fiat money from now on, and prices will not rise — long-term rates will not rise — the economy will recover.”

http://teapartyeconomist.com/2013/03/14/junk-bonds-soar-in-price-as-investors-seek-higher-rates/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Report: Obama officials issued $216 billion in regulations last year

Posted on by

“The Obama administration issued $236 billion worth of new regulations last year, according to a report from a conservative think tank.  The analysis from the American Action Forum, led by former Congressional Budget Office Director Douglas Holtz-Eakin, found that the administration added $216 billion in rules and more than $20 billion in regulatory proposals in 2012. Complying with those rules will require an additional 87 million hours of paperwork, the report said.  The group put the total price tag from regulations during Obama’s first term at more than $518 billion.”

http://thehill.com/blogs/regwatch/administration/277039-report-obama-officials-issued-216b-in-new-regulations-last-year

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Stossel: No Regulation? No Problem

Posted on by

“Private companies found they could ‘crowd-source’ enforcement against fraud and low-quality products, in much the same way that Wikipedia discovered an encyclopedia could be created without a central organizer. Wikipedia founder Jimmy Wales tells me that method ‘works far better than the top-down system that it replaced.’  We almost always assume that top-down government regulation is necessary, even though history says otherwise.”

http://townhall.com/columnists/johnstossel/2013/01/02/no-regulation-no-problem-n1476928/page/full/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

The United States of Regulation

Posted on by

EPJ13

“The numbers say it all. According to regulation.gov, here are the new federal government regulations that have been posted in just the last 90 days.  Last 3 Days(200);  Last 7 Days(479);  Last 15 Days(1,087);  Last 30 Days(2,223);  Last 90 Days(6,126)”

http://www.economicpolicyjournal.com/2013/03/the-united-states-of-regulation.html

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

The Bizarre Government Regulations that May Send Gasoline Prices Through the Roof

Posted on by

EPJ13

“Prices for premium gas are now about 30.2 cents over the price of regular. That is up from 24.1 cents in 2010 and 18.2 cents in 2000  Refiners blame Congress, arguing that the ethanol quota was set at a time when gasoline demand was expected to rise steadily. Instead, demand has declined, and refiners, obligated to blend more ethanol than they can actually use, have resorted to buying a lot of ethanol credits, known as renewable identification numbers (or RINs), to meet the mandated levels.  Ms. Lundberg described this as ‘buying forgiveness from the government.’ The credits’ popularity has driven up the price nearly tenfold since January.”

http://www.economicpolicyjournal.com/2013/03/the-bizarre-government-regulations-that.html

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Stop Fooling Ourselves: Americans Can’t Afford the Future

Posted on by

“Simply continuing along the status quo is a vote for digging ourselves deeper as the constraints of the future arrive. Behavior change is necessary in order to improve our chances.  At the core of the needed change is redefining prosperity. In modern society, it has largely come to be defined by material possessions, usually assuming that the more (and the more expensive), the better.  In the future, we’d do much better to define it by:  our health (both physical and emotional), our purpose, our ability to meet our needs sustainably, our relationships, our level of happiness.  In sum, all things that were once valued much higher in our culture.”

http://www.safehaven.com/article/29137/stop-fooling-ourselves-americans-cant-afford-the-future

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

A Fiscal Lesson in Cyprus for Americans

Posted on by

hornberger2

“Would the U.S. government ever do these sorts of things? Well, don’t forget that President Roosevelt did it during the Great Depression when he nationalized gold and made it a felony offense to own it, notwithstanding the fact that it had been the official constitutional money of the United States since the founding of the nation. FDR ordered Americans to deliver their gold to the federal government, which paid them off in cheapened, devalued, irredeemable notes. It was a confiscation of wealth no different in principle from that that was done by the Argentine government and that is now being conducted by the Cyprus government.”

http://fff.org/2013/03/18/a-fiscal-lesson-in-cyprus-for-americans/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

JPMorgan Chase CEO Jamie Dimon is accused of hiding information about big losses

Posted on by

“Washington dealt a double blow Thursday to JPMorgan Chase as a Senate report accused its iconic chief executive of hiding information about a massive loss from regulators while the Federal Reserve unexpectedly said it had found a ‘weakness’ in the bank’s capital plans.  The report takes the bank to task for hiding losses for three months last year, overstating the value of its trading positions and ignoring red flags. When regulators grew concerned, JPMorgan withheld information about the nature of the portfolio, Senate investigators say.”

http://www.washingtonpost.com/business/economy/jpmorganchase-ceo-jamie-dimon-is-accused-of-hiding-data-about-big-losses/2013/03/14/d95d6394-8ce7-11e2-9838-d62f083ba93f_story.html

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet