Tag Archives: Middle Class Dismissed

Greece Closes Banks and Stock Markets, Introduces Capital Controls

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“The banks in Greece and the Athens Stock Exchange will remain closed until at least July 6, the day after the referendum on the austerity measures demanded by the country’s creditors. In the meantime, cash withdrawals at ATMs will be limited to 60 euros ($66) and transfers abroad will be forbidden. Greece is the second Eurozone country, after Cyprus in 2013, to impose capital controls.  The move is evidently aimed at preventing panicked Greek investors and savers from taking their money out of the nation’s banks and moving it elsewhere. In the days before the predictable stall of the negotiations with Europe, many Greeks rushed to withdraw their money.”

https://bitcoinmagazine.com/21038/greece-closes-banks-stock-markets-introduces-capital-controls/

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What It’s Like to Be Declared Dead by the Government

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“It is estimated that every year, some 12,200 very much alive U.S. citizens are declared dead by the Social Security Administration due to ‘keystroke errors.’ Those affected quite literally become a walking dead, unable to secure a job, make financial transactions, file taxes, or visit the doctor — and for months on end, must endure the nightmare of convincing a large bureaucracy that they haven’t yet bit the dust. An 83-year-old woman whose SSA checks were discontinued, and who was unable to purchase vital medications; A man who was fired from his job after a medical thief ‘left drug addiction and narcotic medications in his records’.”

http://priceonomics.com/what-its-like-to-be-declared-dead-by-the/

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Icelanders Protest in Their Thousands as Parliament Sealed Off

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“Icelanders protested in their thousands outside the parliament as police sealed off the building with steel fencing to protect lawmakers trying to finish the winter session and suspend for the summer break.  Police estimate that about 2,000 people gathered outside the Reykjavik-based legislature late on Tuesday, waving banners and demanding that the government step down.  The protest organizers, who arranged the event through Facebook, listed ’99 reasons for a revolution’ to attract people to their cause. The demonstration comes amid demands for pay increases as high as 50% in some industries as unions threaten employers with strikes affecting up to one-third of the labor force.”

http://www.bloomberg.com/news/articles/2015-05-26/icelanders-protest-in-their-thousands-as-parliament-sealed-off

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Ten Thousand Commandments 2015

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“Federal regulation and intervention cost American consumers and businesses an estimated $1.88 trillion in 2014 in lost economic productivity and higher prices, amounting to an average of $14,976 per household – around 29 percent of an average family budget of $51,100. The ‘Unconstitutionality Index’ is the ratio of regulations issued by unelected agency officials compared to legislation enacted by Congress in a given year. In 2014, agencies issued 16 new regulations for every law—that’s 3,554 new regulations compared to 224 new laws. Some 60 federal departments, agencies and commissions have 3,415 regulations in development at various stages in the pipeline.”

https://cei.org/10kc2015

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Indian in US? Your Account is Now Under Delhi Surveillance

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“Thousands of Indian citizens in the US – from IT workers, health professionals, students and everyone else under the sun – will soon be innocent victims to snooping by the Indian government. If an Indian citizen holds a bank account in the US, minute details about his/her bank account will be shared with New Delhi by Washington. Although India gets access only to bank account information of Indian citizens, the US can get access to even information of ‘non-US entities’ operating in India if it has even one American working for them. That means information about any Indian corporation or organisation would be provided to Washington on request, if it has an American on rolls.”

http://www.dnaindia.com/india/report-indian-in-us-your-account-is-now-under-delhi-surveillance-2089858

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Feds to return $107K they seized from NC business owner

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“McLellan is just one of thousands of Americans the IRS has seized money from, supposedly for ‘structuring’ funds to avoid a law requiring banks to alert the government of deposits over $10,000. The law was instituted to help the government ferret out drug dealers, terrorists or other criminals — but the IRS occasionally flags deposits of just under $10,000 as suspicious even if there’s no evident criminal wrongdoing, in turn ensnaring people who may be innocent.  That’s what allegedly happened in McLellan’s case. His convenience store in North Carolina was raided in October by IRS agents who said he made a series of just-under-$10,000 deposits in a 24-hour period.”

http://www.foxnews.com/politics/2015/05/15/attorneys-feds-will-give-nc-man-his-seized-107gs-back/

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Auckland nears $1m average house price as experts warn of bubble

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“Small, one–bedroom apartments are selling for $800,000 and delapidated wrecks in barely desirable suburbs are fetching more than $1m.  Expensive land, and restrictions on building new and denser housing, has seen limited new stock come on the market. And a strong economy, record net migration, especially to Auckland, and banks happy to lend money in a market with significant capital gains, has seen people paying over the top of each other. The savage competition in the market has also been blamed for growing xenophobic and anti–Asian attitudes. About 8% of the Auckland market are identifiable cash buyers and likely to be foreigners, while investors are 45%.”

http://www.theguardian.com/world/2015/may/25/auckland-nears-1m-average-house-price-as-experts-warn-of-property-bubble

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This Is How Insane San Francisco’s Housing Bubble Really Is

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“Over the course of three years and four months, the median home price about doubled to $1,225,000.  The median home price is now 37% above the prior-bubble completely mind-boggling median price that afterwards everyone admitted had been based on totally crazy valuations.  This has a real impact on rents, with average asking rent in the first quarter hitting $3,458 a month, or $41,500 per year.  The median house prices range from $610,000 in Bayview, one of the more troubled neighborhoods, to nearly $6 million in Pacific Heights.”

http://wolfstreet.com/2015/05/19/how-over-the-top-crazy-san-franciscos-home-price-and-construction-boom-really-is/

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Ron Paul: Janet Yellen is Right, She Can’t Predict the Future

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American Exceptionalism: Putin, the Neocons, and Ron Paul

“This week I found myself in rare agreement with Janet Yellen when she admitted that her economic predictions are likely to be wrong. Sadly, Yellen did not follow up her admission by handing in her resignation and joining efforts to end the Fed. An honest examination of the Federal Reserve’s record over the past seven years clearly shows that the American people would be better off without it. Some say that eliminating the welfare-warfare state and the fiat currency system that props it up will cause the people pain. The truth is the only people who will feel any long-term pain from returning to limited, constitutional government are the special interests that profit from the current system.”

http://www.thedailybell.com/editorials/36314/Ron-Paul-Janet-Yellen-is-Right-She-Cant-Predict-the-Future/

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IRS seizes $107k from small NC business owner, despite policy changes

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“Lyndon McLellan has spent more than a decade running L&M Convenience Mart, a gas station, restaurant, and convenience store in rural Fairmont, North Carolina. The New York Times reported that a year ago, without any warning, agents from the IRS seized his entire bank account, totaling more than $107,000.  McLellan is trying to recover his money. He has not been charged with a crime.  ‘It was like I was just slapped in the face with something. I didn’t know what was going on,’ McLellan said, according to the paper. ‘You work for something for 13, 14 years, and they take it in 13, 14 minutes.'”

http://myfox8.com/2015/05/02/irs-seizes-107k-from-small-nc-business-owner-despite-policy-changes/

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