Monthly Archives: June 2013

Is Central Banking Scientific?

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“The portrayal of central banking in these sorts of articles is sterile and scientific. You wouldn’t know, for instance, that the men who created the plan for the Federal Reserve dressed up in costumes so they wouldn’t be found out when traveling down to Jekyll Island for the confab that led to the final proposal. And you certainly wouldn’t know of the relationships between them and others in Europe that were backing this sort of plan. The idea that the framers of the Federal Reserve Act would be shocked at the way it turned out is specious. It didn’t take but a decade and those empowered by the Act were conspiring with the British to devalue the dollar and prop up the pound.”

http://www.thedailybell.com/29300/

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Ontario slashes Samsung green energy deal by $3.7 billion

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“The cuts will hit a controversial sole-source deal with a consortium led by South Korea-based Samsung Group that offered special financial incentives in a bid to attract investment in renewable energy. The province’s change of heart is partly a response to the backlash over that arrangement – which made electricity bills more expensive – as well as an acknowledgment that Samsung was having trouble holding up its end of the bargain.  It is also the latest sign of turbulence in the green-energy industry after the global recession reduced the need for power and an uncertain economy made less costly conventional electricity more attractive than pricey renewables.”

http://www.theglobeandmail.com/news/politics/ontario-cuts-back-on-green-energy-deal/article12718627/

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The Rush to Tap Myanmar’s Energy Promise

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“Myanmar, also known as Burma, has largely been shunned by the West for most of five decades of military rule that ended last year. Now open for business and shedding sanctions, the cash economy badly needs a working banking system. The population of more than 60 million wants mobile phones, newer cars, and Coca-Colas.  But no one sector is as critical to Myanmar’s growth prospects as energy. The country has 7.8 trillion cubic feet of proven natural gas reserves, worth about $75 billion at current U.K. benchmark prices.  It now has 16 energy multinationals working on 17 onshore exploration blocks and 15 exploring or producing in 20 offshore blocks.”

http://www.businessweek.com/articles/2013-06-07/the-rush-to-tap-myanmars-energy-promise

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Jim Rogers on investing in Malaysia, the century of Asia, & frontier markets

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“Malaysia has a few things going for it now. It has a government that understands how the world is supposed to work and it is trying to open up so that if people accomplish something they can see the fruits of their labor. They have lots of natural resources, are right in the middle of the region, and speak multiple languages, so Malaysia has a lot going for it. I have had criticisms of Malaysia in the past, but at the moment, I have investments in Malaysia for the first time in a long time.  This is a government that understands economics better than some governments, has big reserves, and has a very large agricultural component of their economy.”

http://www.theprospectgroup.com/executivefocus/profile/jim-rogers-on-investing-in-malaysia-the-century-of-asia-frontier-markets/81407/

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Starbucks Pays $15.4 Million Corporation Tax, Closes Stores Amid British Backlash

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“Starbucks Corp., (SBUX) the world’s biggest coffee chain, said it will pay 10 million pounds ($15.4 million) of U.K. corporation tax this year and in 2014 in response to criticism of its money-losing British business. The company has paid 5 million pounds already and will pay the same amount later this year after forgoing unspecified tax deductions, according to an e-mailed statement. Starbucks, based in Seattle, will also pay 10 million pounds of tax next year.  Starbucks said it will close or relocate unprofitable stores, and rely more on franchised or licensed stores rather than company-owned locations to become profitable in the U.K.”

http://www.bloomberg.com/news/2013-06-24/starbucks-pays-15-4-million-u-k-corporation-tax-amid-backlash.html

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Glenn Greenwald: Snowden’s Files Are Out There if ‘Anything Happens’ to Him

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“As the U.S. government presses Moscow to extradite former National Security Agency contractor Edward Snowden, America’s most wanted leaker has a plan B. The former NSA systems administrator has already given encoded files containing an archive of the secrets he lifted from his old employer to several people. If anything happens to Snowden, the files will be unlocked.  The fact that Snowden has made digital copies of the documents he accessed while working at the NSA poses a new challenge to the U.S. intelligence community that has scrambled in recent days to recover them and assess the full damage of the breach.”

http://www.thedailybeast.com/articles/2013/06/25/greenwald-snowden-s-files-are-out-there-if-anything-happens-to-him.html

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Two Thirds of Americans Support Drones for ‘Homeland Security’ Missions

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“The survey also canvassed law enforcement officers, 72% of whom supported the use of unmanned drones for surveillance purposes and 66% supported their use for ’emergency response’.  Initial testing of robotic spy drones for ‘public safety’ applications was conducted by the DHS’ Science and Technology directorate at Fort Sill, Oklahoma last year. The DHS has also been giving grants worth hundreds of thousands of dollars to police departments across the country enabling them to purchase unmanned surveillance drones such as the Shadowhawk drone, a 50lb mini helicopter that can be fitted with an XREP taser with the ability to fire four barbed electrodes.”

http://www.prisonplanet.com/two-thirds-of-americans-support-drones-for-homeland-security-missions.html

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How did America’s police become a military force on the streets?

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“How did we evolve from a country whose founding statesmen were adamant about the dangers of armed, standing government forces to a country where it has become acceptable for armed government agents dressed in battle garb to storm private homes in the middle of the night—not to apprehend violent fugitives or thwart terrorist attacks, but to enforce laws against nonviolent, consensual activities? How did a country pushed into a revolution by protest and political speech become one where protests are met with flash grenades, pepper spray and platoons of riot teams dressed like RoboCops?”

http://www.abajournal.com/magazine/article/how_did_americas_police_become_a_military_force_on_the_streets/

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Ron Paul: What We Have Learned From Afghanistan

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“Last week the Taliban opened an office in Doha, Qatar with the US government’s blessing. They raised the Taliban flag at the opening ceremony and referred to Afghanistan as the ‘Islamic Emirate of Afghanistan’ − the name they used when they were in charge before the US attack in 2001.  For years many of us had argued the need to get out of Afghanistan. We cannot leave, we were told for all those years. If we leave Afghanistan now, the Taliban will come back! Well, guess what? After 12 years, trillions of dollars, more than 2,200 Americans killed and perhaps more than 50,000 dead Afghan civilians and fighters, the Taliban is coming back anyway!”

http://www.thedailybell.com/29290/Ron-Paul-What-We-Have-Learned-From-Afghanistan

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Edward Snowden – A Real American Hero

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“When you make a mistake, usually there is a negative feedback loop, which lets you know you’re headed in the wrong direction. You borrow too much money, for example, and your creditors begin trailing you with court orders or baseball bats. But in a major public policy disaster, the feedback loop is twisted. The feds spend too much money, for example… and give the bill to the next generation. The poor youngsters can’t vote. Many are not even born yet. A police state is a disaster. It has its own ways of bending the feedback loop.  Every public policy disaster produces zombies. And armed zombies protect themselves… with arms, naturally.”

http://www.billbonnersdiary.com/articles/bonner-edward-snowden.html

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