Monthly Archives: November 2013

The Manufacturing Index Reverses, Falls

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“The New York Federal Reserve Bank’s latest survey indicates a slowing of the regional economy. This was not expected by economists.  This is a major reversal. It took place across the boards.  This could be a temporary fluke. But this is November. This is the month preceding the Christmas season. This should be a time of increasing demand. It isn’t in the New York City area — the heart of America’s financial center.”

http://teapartyeconomist.com/2013/11/18/manufacturing-index-reverses-falls/

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Who Will Head the Fed? It Doesn’t Matter

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“As leaders in the developed Western world become more authoritarian and move to confiscate wealth, most markets will actually respond very positively.  Seems illogical, I know. But the facts of the matter are this:  In times of war and potential confiscation of assets, stocks can become safe havens as money is pulled out of sovereign bond markets to be invested elsewhere.  Commodities can take flight as investors begin to hoard tangible assets and portable wealth, and the real bull markets in precious metals truly unfold. My top recommendation right now: You can largely ignore the central bankers. Instead, keep both eyes on the leaders in Washington and Europe.”

http://www.moneyandmarkets.com/who-will-head-the-fed-it-doesnt-matter-56223

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Ron Paul: Federal Reserve Steals From the Poor and Gives to the Rich

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“As recently as five years ago, it would have been unheard of for a Wall Street insider and former Fed official to speak so bluntly about how the Fed acts as a reverse Robin Hood. But a quick glance at the latest unemployment numbers shows that QE is not benefiting the average American. It is increasingly obvious that the Fed’s post-2008 policies of bailouts, money printing, and bond buying benefited the big banks and the politically-connected investment firms. It would be a mistake to think that QE is the first time the Fed‘s policies have benefited the well-to-do at the expense of the average American. The Fed’s polices have always benefited crony capitalists and big spending politicians.”

http://www.thedailybell.com/editorials/34757/Ron-Paul-Federal-Reserve-Steals-From-the-Poor-and-Gives-to-the-Rich/

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‘Paradigm shift’: Bitcoin to replace ‘broken’ government currencies?

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“The Bitcoin virtual currency is up 24.5 percent in 24 hours, touching a new record of $619. The surge is ‘the beginning of something spectacular,’ with it potentially displacing the dollar, Jeffrey Tucker of the Foundation for Economic Education told RT.  ‘I think, that’s not a bubble, it represents a substantial paradigm shift,’ Tucker said, commenting on the latest boom of the anonymous crypto currency. ‘In fact $600 per bitcoin might be a thing of history, we might get it much –much higher,’ the expert added.  ‘The bottom line is that the government currencies are broken at the moment, they don’t meet the modern needs of an internet age and Bitcoin does,’  Jeffrey Tucker explained.”

http://rt.com/business/bitcoin-dollar-virtual-currency-895/

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China’s economic reforms: What you need to know

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“China late on Friday unveiled details of the long-term economic reforms agreed to at this month’s Third Plenum, a key meeting of the country’s top leaders.  The 60-point reform plan is seen paving the way for sweeping changes in the world’s second-biggest economy as it tries to steer away from investment-led growth to a consumption-driven economy.  Here’s what you need to know about the main reforms.  1) One-child policy relaxed; 2) Welfare-system reformed; 3) Greater rights for farmers; 4) Stepping up financial reforms; 5) State-Owned Enterprises (SOEs).”

http://www.cnbc.com/id/101205322

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Are You Already in Jail?

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“In recent years, stories coming from those who cross the Canadian/US border have become increasingly like those of the caricatures seen in the films of fifty years ago, depicting totalitarian East European countries that were under the control of the USSR.  (‘Your papers, pleece! Step ziss vay! Ve heff som qvestions!’) Many people have come to fear the Canadian/US border crossing, worrying that their answers to questions by Immigration officers (some of which have no bearing on immigration) will somehow provide officers with an excuse to detain or arrest them. Some have ceased travel across the Canadian/US border altogether.”

http://www.internationalman.com/78-global-perspectives/1045-are-you-already-in-jail

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New Mexico Police Shoot At Kids When Mother Flees Speeding Ticket

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“Rihanna Ferrell was stopped by a road agent for violating the speed limit. After the parasite turned his back, Ferrell drove away. She stopped again a short distance away, and the revenue collection agent attempted to abduct (arrest) her. Ferrell was in the company of her five children, the oldest of whom quite commendably came to his mother’s aid when an armed stranger violently laid hands on her.  A thugscrum soon coalesced and laid siege to the family’s vehicle, breaking windows and terrorizing the children. Ferrell took off again, prompting one of the cretinous tax-gatherers to fire several shots into the rear of the vehicle — an act of criminal attempted homicide.”

http://www.lewrockwell.com/lrc-blog/police-attempt-to-murder-kids-when-mother-flees-arrest/

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Counter-Insurgency Warfare in Boise?

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“Boise is one of several Idaho cities and towns — including minuscule Preston, which is practically crime-free — where police departments have obtained MRAPs, which were designed for counter-insurgency operations in Iraq and Afghanistan. Chief Masterson insists that Boise residents who are alarmed over the prospect of police militarization are focusing on what he calls ‘the symbolism of a free vehicle.’ The MRAP, he maintains, will protect his officers — whom he calls ‘peacekeepers’ — from ‘high-caliber bullets and bombs’ in what he calls ‘an increasingly violent society.’  This depiction of Boise as a proto-Fallujah can charitably be described as statistically implausible.”

http://www.lewrockwell.com/lrc-blog/counter-insurgency-warfare-in-boise/

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Retaining Their Freedom Is the Real Problem US Citizens Face

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“As an all-encompassing Leviathan is created incrementally and relentlessly, we are directed to discuss budgetary matters that will actually have little impact on larger authoritarian trends. The article should be asking, who will want to live in the United States – solvent or not – if the larger issues of a nascent Surveillance State remain unrectified? How is it that Homeland Security buys 1.5 billion hollow point bullets and never properly explains the purchase? How is it that the West continues to wage unpopular and unnecessary wars? How is it that taxes and regulations pour out of Western governments with no possibility of diminution? These are the big issues facing the US and the West.”

http://www.thedailybell.com/news-analysis/34759/Retaining-Their-Freedom-Is-the-Real-Problem-US-Citizens-Face/

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China lifts curtain on landmark reform agenda

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“Beijing’s plan calls for opening its financial markets and promoting greater foreign investment. The document also hints at changes in how companies file for stock market listings, the introduction of a bank deposit insurance scheme and an acceleration of interest rate liberalization. The roadmap seeks to roll back government control of state-owned enterprises and allow for greater competition with private firms and reform the country’s hukou system, which affects everything from employment to social benefits. Other initiatives tackle China’s pollution problem, promote social security programs, and call for a relaxation of the one-child policy.  The plan also seeks to abolish labor camps.”

http://money.cnn.com/2013/11/18/news/economy/china-reform/

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