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Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Lew Rockwell: A Political Shift in America
Monthly Archives: September 2013
Data Broker Giants Hacked by ID Theft Service
“An identity theft service that sells Social Security numbers, birth records, credit and background reports on millions of Americans has infiltrated computers at some of America’s largest consumer and business data aggregators, according to a seven-month investigation by KrebsOnSecurity. All three victim companies said they are working with federal authorities and third-party forensics firms in the early stages of determining how far the breaches extend, and whether indeed any sensitive information was accessed and exfiltrated from their networks. The intrusions raise major questions about how these compromises may have aided identity thieves.”
http://krebsonsecurity.com/2013/09/data-broker-giants-hacked-by-id-theft-service/
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Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Quantitative Easing Worked For The Weimar Republic For A Little While Too
“Like any addict, the Fed is promising that they can quit at any time, but this month they refused to even start tapering their money printing a little bit. The behavior of the Fed is so shameful that even CNBC is comparing it to a drug addict at this point. Sadly, what very few people seem to understand is that what the Fed is doing is going to absolutely destroy confidence in our currency and in our financial system in the long-term. Yeah, many investors have been raking in huge gobs of cash right now, but in the long run this is going to be bad for everybody. We have now entered a money printing spiral from which there is no easy exit.”
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Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Media Begin Orchestrating the Celebration: the FED’s 100th Birthday
“We are beginning to see a coordinated media celebration of the Federal Reserve System. This is in preparation for the 100th anniversary of its creation just before the Christmas holidays in 1913, when the bill was passed by a handful of Senators and signed into law within two hours by President Wilson. The Establishment media’s objective with this media blitz is clear: to praise the FED’s independence from the federal government, despite the fact that it possesses federal sovereignty. No other organization possesses federal sovereignty, yet is beyond federal control. It is unique in this respect.”
http://teapartyeconomist.com/2013/09/23/media-begin-orchestrating-celebration-feds-100th-birthday/
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Tip Freedomwat.ch Staff with Bitcoin
Autonomy of the Federal Reserve Is Praised by Media
“With the 100th birthday celebration of the FED coming in late December, the media have begun serving as the FED’s ‘Amen corner.’ This Associated Press article on Janet Yellen is typical. Her main qualification is said to be her independence of the President. Is she liberal? Yes. Is she a dove on inflation? Yes. No matter. No other institution of our government gets a free ride the way the Board of Governors of the FED does. No other agency with its URL ending in .gov has such autonomy. No, not even the CIA. The CIA still must be funded by Congress. The FED funds Congress.”
http://teapartyeconomist.com/2013/09/23/autonomy-federal-reserve-praised-media/
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Tip Freedomwat.ch Staff with Bitcoin
Washington Post Article Identifies FED Chairman as #2 in Power
“No Establishment author comes out and says this: ‘The Federal Reserve System possesses complete federal sovereignty, yet is beyond the power of any branch of government. It is legally more independent than the CIA. This is a great thing. Democracy has its limits, and should not be defended as a universally legitimate system of government.’ This is in fact what the entire American Establishment believes, but never, ever says in public. The Establishment says ‘independent,’ not ‘anti-democratic.’ They figure that the rubes — voters — will not catch on. They assume correctly.”
http://teapartyeconomist.com/2013/09/23/washington-post-article-identified-fed-chairman-2-power/
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Tip Freedomwat.ch Staff with Bitcoin
Will Congress heed the warning on their Obamacare exemptions?
“The poll data is clear and cuts across party lines: 92 percent of the public does not think it is right that Congress and their staff are letting the Obama administration exempt them from the costs of Obamacare. Yet it seems many in Congress still want to dismiss these findings in hopes that these sentiments won’t translate into actual voter preferences. Incumbents facing reelections shouldn’t fool themselves. A recent real-world deployment of the issue shows it can powerfully impact candidates’ prospects.”
http://www.weeklystandard.com/print/blogs/canary-coal-mine_756591.html
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Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Obamacare ‘SHOP’ Web Based Sign Up Won’t Be Ready Until 2014
“A senior lobbyist at a medical association informs EconomicPolicyJournal.com that ‘the SHOP exchange for small businesses to purchase insurance for their employees will require employers to sign up using paper forms. The ability to sign up using an electronic or web-based form will not likely be ready until January 2014 at best. The industry was informed of this limitation one week ago.’ EPJ’s source also says that WaPo has it right when quoting Joel Ario, the former Director of Center for Consumer Information and Insurance Oversight, ‘nobody is going to say we’re not starting on October 1, but in some situations, you may see a redefinition of what ‘start’ means.'”
http://www.economicpolicyjournal.com/2013/09/exclusive-obamacare-nightmare-part-of.html
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Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
The Big-Picture Economy, Part 3: Scarcity, Risk and Debt
“Scarcity of credit is the source of sound risk assessment and the discipline of aligning interest rates to risk and inflation. Manipulating rates to near-zero and opening the credit floodgates has incentivized everything sound economic policy avoids: moral hazard, speculation, leverage and reliance on marginal credit expansion for profits and ‘growth.’ ‘Growth’ that depends on manipulated interest rates and easy credit is a sand castle awaiting the rising tide; its destruction is assured.”
http://charleshughsmith.blogspot.com/2013/09/the-big-picture-economy-part-3-scarcity.html
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Tip Freedomwat.ch Staff with Bitcoin
Some traders got Fed ‘no taper’ decision news early
“The Federal Reserve says it is contacting news organizations to discuss the rules surrounding lock up procedures and the release of market moving information from the Federal Reserve’s headquarters in Washington. But the leading expert on millisecond level trading says he is focusing his attention on a certain type of news organization – those that offer so-called ‘low latency’ services to feed market moving data at high speeds directly into computerized trading systems. A key question is whether or not any organization transmitted information out of the lockup room and into its own computer system before 2 p.m.”
http://www.cnbc.com/id/101056168
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Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin