Monthly Archives: April 2013

For Pakistanis It’s A Boston Marathon Bombing Nearly Everyday

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“What a terrible and senseless tragedy. I can’t let myself think about it for too long without welling up inside.  While my timing in saying what I’m about to say may seem harsh to some, now is the only time to make this point.  For the people of Pakistan the Boston Marathon bombing happens nearly every day. Sometimes it’s a lesser bomb and fewer people are killed or injured. Sometimes it’s a much larger bomb like one example that left nearly seventy children dead at one time (that’s about three times the loss of children that happened in Sandy Hook).  Can you imagine?”

http://libertycrier.com/politics/foreign-policy/for-pakistanis-its-a-boston-marathon-everyday/

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Marc Faber’s response to price drop in Gold

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Marc Faber’s response to price drop in Gold

“Marc Faber’s response to price drop in Gold on Bloomberg News on April 12, 2013.”

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ACLU Appeals Ruling Allowing Feds to Stay Mum on Drone Targeted Killings

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“The American Civil Liberties Union today appealed a judge’s ruling allowing the President Barack Obama administration to keep mum on its legal basis for its drone targeted killing program, including information connected to the killing of Americans via drones.  The appeal concerns an ‘Alice in Wonderland’ decision by U.S. District Court Judge Colleen McMahon of New York, who in January ruled that she was trapped in a ‘paradoxical situation’ of allowing the administration to claim it was legal to kill enemies outside traditional combat zones while keeping the legal rationale secret.”

http://www.wired.com/threatlevel/2013/04/alice-wonderland-drone-appeal/

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Feds firm on gun denials for pot users

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“The federal form all firearms purchasers are required to fill out includes this question: ‘Are you an unlawful user of, or addicted to, marijuana … ?’ An untruthful response to this question is a crime, said a spokesman for the Bureau of Alcohol, Tobacco, Firearms and Explosives.  When it comes to marijuana law, the states and federal government have been in an awkward stalemate, with states such as Colorado taking an increasingly casual attitude toward marijuana and the federal government refusing to declassify it from a Schedule 1 narcotic – the same class as heroin and methamphetamine.”

http://durangoherald.com/article/20130413/NEWS01/130419792/-1/s

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Local credit union tries on being banker to the pot industry

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“One of Seattle’s oldest credit unions has stepped up to serve the pot industry—and inadvertently test the limits of state versus federal authority as the state attempts to create an above-board recreational marijuana industry.  Other banks and credit unions have uniformly rejected pot-related businesses, because marijuana is on the federal list of illegal drugs, and a bank that handles marijuana revenue could look like a money launderer. On the other hand, it is a business opportunity.  Verity’s interpretation of the banking rules does push the boundaries a bit, and highlights the tension between state and federal laws.”

http://www.kplu.org/post/local-credit-union-tries-being-banker-pot-industry

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John Paulson’s Gold Bet Loses Almost $1 Billion In Rout: Chart of Day

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“Hedge-fund manager John Paulson’s wager on gold wiped out almost $1 billion of his personal wealth in the past two trading days as the precious metal plummeted 13 percent. Gold’s tumble since the start of the year has cut his riches by $1.52 billion on paper. Paulson started the year with about $9.5 billion invested across his hedge funds, of which 85 percent was in gold share classes.  Paulson is sticking with his thesis that gold is the best hedge against inflation and currency debasement as countries pump money into their economies, according to the New York-based firm, which manages about $18 billion.”

http://www.bloomberg.com/news/2013-04-15/paulson-gold-bet-loses-almost-1-billion-chart-of-day.html

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Ex-Soros Advisor Sells Japan Holdings, Shorts Bonds; Sees Crash, Default, Hyperinflation

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“Fujimaki said he recently bought put options for Japanese government bonds of various maturities, without elaborating. He continues to hold real estate in Japan and options granting the right to sell the yen against the greenback expiring in less than five years. He also holds assets in U.S. dollars and currencies of other developed nations.  ‘Japan’s finance is sinking into the ocean,’ Fujimaki said. ‘There’s no escape from a market crash in the future when you have such enormous debt. By expanding the monetary base to 270 trillion yen, the BOJ is making a huge bet which I think it will ultimately lose,’ Fujimaki said in an interview in Tokyo on April 11.”

http://www.zerohedge.com/news/2013-04-14/ex-soros-advisor-sells-almost-all-japan-holdings-shorts-bonds-sees-market-crash-defa

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U.S. Treasury to BOJ: Do As We Say, Not As We Do

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“The BOJ will double the monetary base by purchasing about 7.5 trillion yen of Japanese government bonds per month. It plans to extend the average maturity of its portfolio from three to seven years. And it will continue such actions until it achieves its inflation target.  In other words, the BOJ is doing exactly what the Federal Reserve is doing. And for this it gets a warning from the U.S. Treasury ‘to refrain from competitive devaluation and targeting its exchange rate for competitive purposes’? The message came in the Treasury’s semiannual report on international exchange rates, released on April 12.”

http://www.bloomberg.com/news/2013-04-15/u-s-treasury-to-boj-do-as-we-say-not-as-we-do.html

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China Takes Another Stab At The Dollar, Launches Currency Swap Line With France

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“China has now launched yet another feeler to see what the apetite toward its currency is, this time in the heart of the Eurozone: Paris. According to China Daily, as reported by Reuters, ‘France intends to set up a currency swap line with China to make Paris a major offshore yuan trading hub in Europe, competing against London.’ As a reminder the BOE and the PBOC announced a currency swap line back in February, in effect linking up the CNY to the GBP. Now it is the EUR’s turn.”

http://www.zerohedge.com/news/2013-04-13/china-takes-another-stab-dollar-launches-currency-swap-line-france

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BOE Supports Chinese Financial Domination

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“Governor Zhou Xiaochuan met Governor Mervyn King today during Governor King’s visit to Beijing. They agreed to facilitate discussions on the establishment of a reciprocal 3-year, renminbi (RMB)/sterling currency swap arrangement. The arrangement would be used to finance trade and direct investment between the two countries and to support domestic financial stability should market conditions warrant. They have agreed that the Bank of England and the People’s Bank of China (PBoC) would work together to sign the final agreement shortly.”

http://www.thedailybell.com/28920/Strange-BOE-Supports-Chinese-Financial-Domination-

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