Monthly Archives: June 2013

Depositing a Little Common Sense into the Law

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“Did you know that small business owners can be prosecuted for making repeated cash deposits of under $10,000? Randy and Karen Sowers, owners of a successful Maryland creamery, learned that accounting detail the hard way when the federal government seized $62,936 from their company’s bank account and charged them with violating the Bank Secrecy Act. The Sowers did not intend to violate the law. The couple simply found themselves caught in a net of federal prosecution because their everyday business practices and ignorance of obscure banking laws ran afoul of a federal statute.”

http://thebelltowers.com/2013/06/20/depositing-a-little-common-sense-into-law/

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In-Person Bitcoin Exchanges Are Thriving

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“Call it a sign of the times, but something is definitely changing as face-to-face purchases of bitcoin are booming worldwide.  In addition to avoiding a sometimes cumbersome registration process with traditional exchangers, in-person bitcoin transactions allow you to meet interesting new people in your area – and discuss bitcoin. Many choices are available with varying degrees of identification required. For the casual traders seeking more privacy, I recommend in-person trading through LocalBitcoins.com,  the leading person-to-person matching service for people in various locales to meet and conduct bitcoin business.”

http://www.americanbanker.com/bankthink/in-person-bitcoin-exchanges-are-thriving-1060061-1.html?zkPrintable=1&nopagination=1

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Ted Cruz: Will Obama do background checks before giving arms to Syrian rebels?

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“In a tweet called the ‘zinger of the day’ by Twitchy, Sen. Ted Cruz, R-Texas, wondered Tuesday if President Obama would conduct background checks before giving arms to Syrian rebels.  ‘Anyone know if President Obama intends to perform background checks on the Syrian rebels before providing them weapons?’ he asked. As of this writing, the short message has been retweeted 6,480 times.  Polls released Monday show that an overwhelming majority of Americans do not support plans to arm the rebels, Breitbart.com said.  Part of the problem, John Nolte said, is ‘the fear that the new boss will be an awful lot like the old boss.'”

http://www.examiner.com/article/ted-cruz-will-obama-do-background-checks-before-giving-arms-to-syrian-rebels

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Syrian rebels say they have received anti-tank and anti-aircraft missiles

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“Syrian rebels have received heavy weapons — including anti-tank and anti-aircraft missiles — from ‘brotherly nations that support the Syrian revolution,’ a rebel spokesman said Friday. Free Syrian Army political and media coordinator The White House has not publicly specified what steps it would take to support members of Syria’s opposition, though sources have told CNN that small arms, ammunition and possibly anti-tank weapons would be part of the assistance package. The White House announcement this month that it was increasing the ‘size and scope’ of its material support to Syrian rebels came after months of political debate over the U.S. role in the conflict.”

http://edition.cnn.com/2013/06/21/world/meast/syria-civil-war/

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“Stalin Would Love This…”

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“There are dark, unspoken consequences of lists and information gathering. We’ve seen this before. While President Obama dismissed concerns about his administration’s domestic spying operations as ‘minor intrusions’ on our liberties, the truth is quite different if one actually takes the time to think about the potential implications of such massive data gathering. And can we really be accused of overreacting with the IRS abuse of targeted groups and the government leaks of late? No one but the self-deluded thinks that our data is unfailingly safe and in the hands of the most competent and trustworthy among us.”

http://sovereign-investor.com/2013/06/21/stalin-would-love-this/

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National-Security State Toadies Are Guilty Of Hypocrisy On Snowden

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hornberger2

“They say that Snowden should have stayed here in the United States instead of fleeing to Hong Kong. They say that if he were a genuine hero, as his supporters say he is, he would have remained in the United States, where the national-security state would have incarcerated him, tortured him, and executed him.  Oh?  Well, pray tell, national-security state toadies: Where were you all when those CIA agents skedaddled out of Italy after committing felonious offenses in that country?  The problem with kidnapping and torture is that they’re criminal offenses under Italian law, which is precisely why those CIA agents got criminally indicted and later convicted and sentenced.”

http://fff.org/2013/06/21/national-security-state-toadies-are-guilty-of-hypocrisy-on-snowden/

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Steve Wozniak Laments Creating The Tools That Government Uses To Spy On Us

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EPJ13

“When Morgan suggested the government would not be able to keep such a close eye on citizens without the work of innovators like him, Wozniak acknowledged: ‘I actually feel a little guilty about that – but not totally. We created the computers to free the people up, give them instant communication anywhere in the world; any thought you had, you could share freely. That it was going to overcome a lot of the government restrictions. We didn’t realise that in the digital world there were a lot of ways to use the digital technology to control us, to snoop on us, to make things possible that weren’t.'”

http://www.economicpolicyjournal.com/2013/06/steve-wozniak-laments-creating-tools.html

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FBI: We Were Not Investigating Michael Hastings

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FBI: We Were Not Investigating Michael Hastings

“‘At no time was journalist Michael Hastings ever under investigation by the FBI,’ L.A. Field Office spokeswoman Laura Eimiller told the Burlington Free Press on Thursday. The L.A. Police Department said detectives have concluded no foul play was involved in the crash, also according to Burlington. LAPD spokesman Richard French said detectives did not share with his office the reasons behind their conclusion that the crash was an accident.”

http://www.economicpolicyjournal.com/2013/06/fbi-we-were-not-investigating-michael.html

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Businesses in Berlin open arms to digital currency Bitcoin

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“Cassandra Wintgens ceremoniously affixed the blue sticker with the thick, yellow ‘B’ to the pane in the front door of her guesthouse-cum-cafe. ‘Bitcoin accepted here,’ it read.  The establishment Lekkerurlaub Notaufnahme, which translates roughly as ‘Yummy Holiday Emergency Admission,’ thereby became the seventh business in the Graefe neighbourhood of the multicultural Berlin district of Kreuzberg, to accept the digital currency — whether for an overnight stay or a cup of coffee in the cafe. ‘I think it’s exciting,’ she remarked. ‘We don’t need banks for Bitcoins. They just muck us about anyway and don’t do anything for small-scale businesspeople.'”

http://www.gulf-times.com/culture/238/details/356783/businesses-in-berlin-open-arms-to-digital-currency

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Cyprus Asks Creditors to Help Biggest Bank

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“Cyprus has asked its European partners to help ease a cash crunch at the island’s biggest lender, saying this spring’s bank-rescue deal was struck ‘without careful preparation’ and was imperiling its ability to meet budget targets. In a letter sent to European leaders, Cyprus President Nicos Anastasiades said the success of the island’s bailout depended on Bank of Cyprus PCL’s survival, and he criticized capital controls put in place as part of the deal, which he said are severely damaging the economy. ‘I stress the systemic importance of Bank of Cyprus, not only in terms of the banking system but also for the entire economy,’ said the letter.”

http://online.wsj.com/article/SB10001424127887323836504578553743047848104.html

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