AK-47s become hot commodity after U.S. sanctions

“Here’s a surprising effect of the latest U.S. sanctions against Russia: a run on AK-47s.  Among the companies sanctioned this week was Kalashnikov Concern, the maker of the gun. The Obama administration issued sanctions against Russian companies in response to Russia’s role in a separatist movement in Ukraine. According to the Treasury Department, Kalashnikov Concern is banned from importing its guns — including the AK-47 and more advanced AK-74 — into the United States. But, in a statement posted on its Web site, Treasury said Americans are allowed to own, buy and sell the guns, so long as they were already in the U.S. prior to the sanctions.”

http://money.cnn.com/2014/07/18/news/companies/ak-47-kalashnikov/

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90% of NSA-intercepted chats found to be non-targeted Web users

“Ordinary Internet users, American and non-American alike, far outnumber legally targeted foreigners in the communications intercepted by the National Security Agency from U.S. digital networks.  Nine of 10 account holders found in a large cache of intercepted conversations, which former NSA contractor Edward Snowden provided in full to The Post, were not the intended surveillance targets but were caught in a net the agency had cast for somebody else.   Many of them were Americans. Nearly half of the surveillance files, a strikingly high proportion, contained names, e-mail addresses or other details that the NSA marked as belonging to U.S. citizens or residents.”

http://www.washingtonpost.com/world/national-security/in-nsa-intercepted-data-those-not-targeted-far-outnumber-the-foreigners-who-are/2014/07/05/8139adf8-045a-11e4-8572-4b1b969b6322_story.html

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BIS: Central banks warned of ‘false sense of security’

“‘The Bank for International Settlements (BIS) has warned that ultra-low interest rates have lulled governments and markets “into a false sense of security’.  The Basel-based organisation – usually dubbed the ‘central banks’ central bank’ – urged policy makers to begin to normalise rates.  ‘The risk of normalising too late and too gradually should not be underestimated,’ the BIS said.   Markets have rallied since January.  The FTSE all-world share index is up 5% so far this year, while the ‘fear index’, is at a 7-year low.  ‘Overall, it is hard to avoid the sense of a puzzling disconnect between the markets’ buoyancy and underlying economic developments globally,’ the BIS said in its annual report.”

http://www.bbc.com/news/business-28081771

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A Ceasefire in the IRS’ War on US Citizens?

“Effective immediately, expats who agree to disclose their foreign accounts and pay US taxes for the previous three years won’t need to pay any penalties. They’ll owe just back taxes and interest (if any). The IRS even extended an olive branch to resident Americans. They’ll be able to come forward and disclose their offshore accounts for the previous three years and pay only a 5% penalty, not 27.5%.   If the IRS decides your failure to comply with these obligations was willful, you could be socked with a 50% penalty.  In addition, a recent US court decision made it clear that the 50% penalty could be imposed for each year you had an undisclosed international account.”

http://www.nestmann.com/a-ceasefire-in-the-irs-war-on-us-citizens

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Cops Can’t Search Cell Phones Without a Warrant, SCOTUS Rules

“The court released a landmark decision in the case of Riley vs. California, forbidding warrantless police searches of the contents of arrestees’ cell phones. The ruling opinion notes that cell phones have in fact become tiny computers in Americans’ pockets teeming with highly private data, and that gaining access to them is now fundamentally different from rifling through someone’s pockets or purse.  The court also rejected prosecutors’ notion that the ability to remotely wipe or lock a phone required police to search the devices immediately upon arrest before evidence could be destroyed–an ironic argument given that police pressed for those same remote ‘kill switch’ abilities.”

http://www.wired.com/2014/06/supreme-court-rules-cops-cant-search-cell-phones-without-a-warrant/

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Is War Part of a Wall Street Party?

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“The consistent raising of nuclear tensions justifies continued economic reactions in order to keep Western economies stable and on track, which may include further justifications for continued monetary easing.  International tensions also provide a rationale for a ‘flight to safety’ that reinforces the primacy of Western markets, in particular US bonds and equities. The up and down security posture of the West versus Russia (and China) can create alternatively a depression of ‘animal spirits’ and waves of euphoria that can lift markets. Finally, a fluid period of inter-state animosity can provide justifications for an eventual stock market crash that can usher the next phase of economic internationalism.”

http://www.thedailybell.com/editorials/35416/Anthony-Wile-Is-War-Part-of-a-Wall-Street-Party/

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Jeffrey Tucker: The War Is On You

“Of all the problems that the ruling elite faced at the end of the Cold War, the most pressing was that the American people were dreaming of peace and normalcy, and increasingly intolerant of the overweening cost of being the world’s last superpower.  That was when the bombing began. We watched as people far away were fire bombed and murdered, how a mighty government was brought to its knees, how all the weapons built at our expense for decades could be used to subjugate a whole nation.  That was an ominous display.”

http://tucker.liberty.me/2014/06/14/the-war-is-on-you/

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Is It a Crash Yet?

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“Nothing about these markets is normal – especially in the face of continued economic weakness. These markets are being shoved higher for a reason. In fact, the idea behind these nonsensical valuations is to convince investors to buy-buy-buy. Only when enough of them have entered again will markets ready themselves for a crash. We’ve stuck to our predictions of higher equity marts not because there are any underlying factors that justify these valuations – there are not. But our conviction remains that powerful players want a higher market – a sky-high market – because a crash from that elevation may be painful enough to produce a consensus for yet more market globalization.”

http://www.thedailybell.com/news-analysis/35364/Is-It-a-Crash-Yet/

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Europe’s Political Response To Voters May Increase Violence

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“No matter what voters say about the EU, the leaders of Britain and Europe attempt to use the sentiment to support the EU – at least in some form.  Every setback is merely a further opportunity to create a more responsive and ultimately more amalgamated EU. The disconnect between political systems in both the US and the EU and the voters is growing deeper.  This EU vote and the political responses to it do nothing to reverse this trend.  If the political system is incapable of representing the ‘will’ of the people – even at the most cosmetic level – then the chances for less civil and more violent change increases. Is that the ‘real’ desired outcome?”

http://www.thedailybell.com/news-analysis/35362/EU-Political-Response-May-Increase-Chance-of-Violence/

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The bogus climate warnings that spurred Pentagon’s green spending

“Consultants told the military that, by now, California would be flooded by inland seas, The Hague would be unlivable, polar ice would be mostly gone in summer, and global temperatures would rise at an accelerated rate as high as 0.5 degrees a year.  The 2003 report is credited with kick-starting the movement that links climate change to national security. The Pentagon is making big investments in biofuels, for example, and is working climate change into high-level strategic planning.  There is no exact budget line for climate change. The Government Accountability Office in 2011 documented a big increase in federal spending, from $4.6 billion in 2003 to nearly $9 billion in 2010.”

http://www.washingtontimes.com/news/2014/jun/1/pentagon-wrestles-with-false-climate-predictions-a/?page=all

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