The Fed Joins the War on Drugs

“The Federal Reserve is now in the business of enforcing the US government’s drug laws, even if that means making a mockery of both state governments’ right to set their own drug policies and the Fed’s own governing statutes.  The Fed’s involvement in drug prohibition became official last month, when the Federal Reserve Bank of Kansas City informed Denver’s Fourth Corner Credit Union — a non-profit cooperative formed by Colorado’s state-licensed cannabis manufacturers — of its decision to deny its application for a master account. The Fourth Corner Credit Union isn’t taking this sitting down. On the contrary: it is suing the Federal Reserve Bank of Kansas City.”

http://fee.org/anythingpeaceful/detail/the-fed-joins-the-war-on-drugs

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Jeffrey Tucker, Porcfest: Crowd Sourcing Liberty

“Held in a park beneath the mountains of New Hampshire, it has no big financial backers, no massive marketing apparatus, and no big institutional exhibitors. It has grown over the years through reputation alone. It mixes fun with learning with entrepreneurship.  It never set out to do anything but provide a venue for camping and socializing in the spirit of celebration. It is affordable, accessible to everyone, and everyone does come: people from all religions, classes, professions, outlooks. Now it has become a beautiful zone of creative freedom, an experiment in what it means to take liberty out of the idea stage into real action.”

https://tucker.liberty.me/porcfest-the-crowd-sourcing-of-liberty/

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Only in NH: How to Ferment a Nano-Brewvolution

“A nano brewery is limited to producing 2000 barrels of beer a year. Why 2000? Nobody knows. It’s a nice round number, though. Pint Glass Half Full In the year after the bill passed, more breweries opened in New Hampshire than have opened in any other time in the state’s history, including right after Prohibition ended.  Along the way, we also helped legalize home winemaking. House Bill 253 created a second generation of nano breweries. This license costs an extra $240, but we can finally sell full pints! Governor Hassan signed the bill on July 24, 2013, effective that September. Since then, New Hampshire has seen an explosion of nano breweries, with more on the way.”

https://freestateproject.org/blogs/mover-stories/only-nh-how-ferment-nano-brewvolution

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Online gambling ban won’t stop online gambling, but will stop growth

“The Sheldon Adelson-backed legislation to ban regulated online gambling — The Restoration of America’s Wire Act (RAWA) — is back in the spotlight thanks to the House Subcommittee on Crime, Terrorism, Homeland Security, and Investigations.  RAWA would immediately abolish the legal, state-regulated online gambling markets in New Jersey, Nevada and Delaware, where regulated online casinos directly employ hundreds of people. It will only serve to prop up unregulated markets that have none of the age verification, identity verification, consumer protection or anti-money laundering systems that regulated sites are required to utilize by law.”

http://thehill.com/blogs/congress-blog/economy-budget/236442-online-gambling-ban-wont-stop-online-gambling-but-will

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Spendable Gold

“The state of Texas has passed a bill to create a gold depository and to create a means for transactions to occur in precious metals.  Under the new law, an account holder could use an electronic system to make payments to others who hold accounts.  This legislation, if it’s followed through upon, would end the monopoly now held by the Federal Reserve to create money, and end the plan for the banks to totally control money.  Any individual who sees the currency debacle coming would be able to withdraw his funds and buy gold. Were this legislation to spread to other states, each state could develop the ability to be economically independent of the central bank.”

http://www.internationalman.com/articles/spendable-gold

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Silicon Valley meets Bob Marley

“Men in suits swarmed everywhere, but not one spliff or bong could be seen.  PhDs and Harvard MBAs networked with investment bankers and hedge-fund managers to raise money for businesses covering every aspect of marijuana commerce, from consumer guides to insurance. Some eager punters discussed the secrets of emerging brands, such as those associated with those two legendary singers and weed experts, Willie Nelson (who announced he is launching his own brand) and Bob Marley. Others debated how to make use of hemp, a crop closely related to weed but, unlike it, indisputably legal to buy and sell, and marvelled at all the jobs being created by the new industry.”

http://www.economist.com/news/united-states/21656726-rise-cannabis-capitalism-silicon-valley-meets-bob-marley

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Texas Senate Passes Bill to Establish Gold & Silver Bullion Depository

“A bill taking a step towards gold and silver as commonly-used legal tender in Texas passed in the state Senate today by an overwhelming 29-2 vote.  What the bill essentially does is create a means for transactions to occur in precious metals. It allows people  to open an account and deposit their precious metals in the state depository. They could then use the electronic system to make payments to any other business or person who also holds an account.  This opening of the market is considered by many insiders to be the most important first step towards bringing sound money to mainstream acceptance.”

http://blog.tenthamendmentcenter.com/2015/05/texas-senate-passes-bill-to-establish-bullion-depository-help-facilitate-transactions-in-gold-and-silver/

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Tomorrow’s Advance Man: Marc Andreessen’s plan to win the future

“Peter Thiel favors ‘seasteading,’ establishing floating cities in the middle of the ocean. Balaji Srinivasan, until recently a general partner at a16z, has called for the ‘ultimate exit.’ Arguing that the U.S. is as fossilized as Microsoft, and that the Valley has become stronger than Boston, New York, Los Angeles, and Washington, D.C., combined, Srinivasan believes that its denizens should ‘build an opt-in society, ultimately outside the U.S., run by technology.’  [..] The game in Silicon Valley is prescience, and then it’s removing every obstacle to the ferocious clarity of your vision: incumbents, regulations, folkways, people. Can you not just see the future but summon it?”

http://www.newyorker.com/magazine/2015/05/18/tomorrows-advance-man

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“Czars” No More: New Mexico Bans Policing for Profit

“New Mexico is small, but this move is significant because it shows the breakdown of a decades-old national political consensus between law enforcement bureaucracies and ‘law and order’ politicians, a Bootlegger-and-Baptist coalition that helped create and sustain the civil forfeiture regime.  Combined with former AG Eric Holder’s modest reform of a federal program that allowed police to do an end-run around state laws limiting forfeiture, there is hope that the moral cover for this deeply corrosive practice is being stripped away, and the public will finally see it for what it is: a racket.”

http://fee.org/anythingpeaceful/detail/czars-no-more-state-bans-policing-for-profit

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Oklahoma native revolutionizing medical marijuana

“An Oklahoma native and self-described pothead and high school dropout is leading a multimillion-dollar company doing something that could have put him in prison in Oklahoma for decades.  ‘It’s seriously sweet like candy. Yes. And when you grow it right … That’s why … People say like, ‘Oh, I hate the smell of weed smoke.’ You’ve never smelled my weed smoke, because it’s a bouquet of amazingness,’ said Jayson Emo, also known as ‘Giddy Up,’ laughing.  ‘I got sick of being a criminal back home,’ said Emo.   He launched Emotek in Colorado and now sells International Organization for Standardization-certified cannabis extractors he invented worldwide.”

http://www.fox23.com/news/news/local/oklahoma-native-revolutionizing-medical-marijuana/nh7ZG/

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