informationliberation
The news you're not supposed to know...



Big Brother/OrwellianBrave New WorldCommentaryCover-Up/DeceptionsEconomyGeneralGeopoliticsHealthHistoryPolitics/CorruptionResistanceScience/TechnologyTyranny/Police State



An Introduction to Austrian Economics: Understand Economics, Understand Everything
The Century of the Self: The Untold History of Controlling the Masses Through the Manipulation of Unconscious Desires
The Disappearing Male: From Virility to Sterility

The Obama Deception: The Mask Comes Off
Operation Gladio: The Hidden History of U.S. Sponsored False Flag Terrorism in EuropeThe New American Century: The Untold History of The Project for the New American Century
(more)
Category: Economy - Browse by Category - News - Analysis - Highlights - Multimedia - Latest Comments Page 4 Friday October 24th, 2014

Wednesday February 5th, 2014
Why Are Bitcoiners Going to Jail for Money Laundering While Big Banks Walk? posted 02/05/2014, 1:40 AM (VICE)
[Category: Economy]
BitInstant CEO Charlie Shrem, along with alleged co-conspirator Robert Faiella, was arrested by federal authorities last week for allegedly laundering more than $1 million worth of bitcoins. This is a tiny amount compared to the largest drug-and-terrorism money laundering case ever. Yet when British bank HSBC was found guilty in 2012 of laundering billions, the firm paid a fine of $1.9 billion. Authories made no arrests, and HSBC still turned a $13.5 billion profit that year.
... (more)


Tuesday February 4th, 2014

California Threatens to Shut Down Coding Bootcamps posted 02/04/2014, 12:20 AM (The Verge)
[Category: Economy]
Coding bootcamps are scrambling to figure out how they can save their programs, after a California regulator slapped them with cease and desist letters ordering them to shut down, pay a $50,000 fine, and offer refunds to past students. The problem, according to the California Bureau for Private Postsecondary Education (BPPE) which sent the letters, is these bootcamps aren't technically private schools under the law. Since 2009, California has... (more)


Monday February 3rd, 2014



How To Not Get Pwn'd By The Daily Show - Peter Schiff Interview posted 02/03/2014, 4:41 AM (The Libertarian Republic)
[Category: Economy]
These are some of the headlines that have been ascribed to Peter Schiff after he made an appearance on the Daily Show Wednesday. Unfortunately, these sensationalized headlines have a problem; They’re completely untrue. The Daily Show’s obviously doctored interview with the financial analyst has been accepted by news agencies like The Huffington Post and The Daily Mail as absolute fact. It’s the job of a true journalist to get to the heart of an issue, not hone in on a divisive comment taken out ... (more)


Thursday January 30th, 2014

Government Punishes 11-Year-Old Girl For Selling Cupcakes Without Permission posted 01/30/2014, 6:37 PM (Police State USA)
[Category: Economy]
TROY, IL — An 11-year-old entrepreneur recently learned a lesson about the economics of living in a police state when her home-based cupcake business was closed-down by local bureaucrats.

When people started noticing young Chloe Stirling’s cake decorating skills, they started requesting she bake them orders for birthdays and holidays.  Her clever designs quickly turned into a childhood business venture, as her eager customers gave her money in exchange for birthday cakes and baked
... (more)


California Legalized Selling Food Made At Home And Created Over A Thousand Local Businesses posted 01/30/2014, 6:36 PM (Forbes)
[Category: Economy]
A government official appears at a man’s door. The man has been breaking the law: He has sold bread baked at home.

This isn’t a page from Kafka—it happened to Mark Stambler in Los Angeles.
... (more)




Beer Drone Viral Prompts Slap-down From Government posted 01/30/2014, 6:36 PM (Infowars)
[Category: Economy]
A popular beer company received a verbal slap-down from the government this week after it released a video depicting beer deliveries being conducted by flying drones.

The video, produced by Lakemaid Beer, quickly went viral on the internet. It shows a 12 pack of beer being attached to a small drone which then flies to a remote shack where some fishermen (and women) enjoy a cold one.

A press release accompanying the video described how the Minnesota-based compan
... (more)


Peter Schiff: 'The Daily Show' Is Intellectually Dishonest about the Intellectually Disabled posted 01/30/2014, 5:17 PM (Peter Schiff)
[Category: Economy]
From Peter Schiff:

When I accepted “The Daily Show”’s invitation to be interviewed about my opposition to a minimum wage increase, I knew that I was walking into a trap. But given how counterproductive I know such an increase would be to those the law proposes to help, I took the risk anyway.

Of the more than four hours of t
... (more)


Wednesday January 29th, 2014

'Daily Show' Runs Edited Hit Piece Attacking Peter Schiff: "Rich CEO Tells 'Daily Show' The 'Mentally Retarded' Are Maybe Worth $2 An Hour" posted 01/29/2014, 5:25 PM (InformationLiberation)
[Category: Economy]
"Rich CEO Tells 'Daily Show' The 'Mentally Retarded' Are Maaaybe Worth $2 An Hour," reads the headline from the Huffington Post.

Peter Schiff said on his show a month or so ago he was interviewed by The Daily Show. He said they spent an hour four hours asking him the same questions over and over again in slightly different ways to try to get some sort of flub out
... (more)


Government Regulation: The Most Dangerous Monopoly posted 01/29/2014, 5:22 PM (LearnLiberty)
[Category: Economy]


Everyone wants the items they buy to be safe to use or consume. Prof. Howard Baetjer of Towson University explains that when products undergo third-party certification processes to determine their safety, market forces are able to optimize the amount of testing conducted and consumers can use the information provided by certification firms to make their own decisions. It is difficult to say how
... (more)


Monday January 27th, 2014

Turning Their Backs on Sweden's Welfare State posted 01/27/2014, 3:41 PM (Per Bylund)
[Category: Economy]
As noted by e.g. Reason.com, Yahoo! News recently reported that Swedes are increasingly turning their backs on their globally lauded utopian welfare state. While very little known, Sweden’s welfare state “worked” through the early 1970s thanks to deliberately preserving capitalist institutions and expanding its scope ... (more)




DOJ Finally Going After The Criminal Materminds With Arrest Of 24 Year-Old Bitcoin Exchange Founder posted 01/27/2014, 3:41 PM (Zero Hedge)
[Category: Economy]
The US crackdown on Bitcoin has been long in coming, with ebbs and flows of enforcement as regulators have been unsure exactly how to proceed with dismantling the digital fiat alternative. This morning the ebb became a rising tide, after U.S. prosecutors announced charges against two men operating Bitcoin exchange businesses for attempting to sell $1 million worth of Bitcoin to users of the underground black market website Silk Road, which was shut down by authorities in September.... (more)
I hear he's being charged with running a successful start-up business out of the USSA. - Chris


NY Times Attacks Mises Institute posted 01/27/2014, 3:39 PM (Mises Institute)
[Category: Economy]
The New York Times, whistling past the financial graveyard, paused over the weekend to smear the Mises Institute, Ron Paul, our other scholars, hardcore libertarianism, and me. Why? Because our ideas and our youth movement are gaining real traction. It is in effect a compliment. They have never faced opposition like ours before, and Ron Paul’s tremendous resonance with young people has only made things worse from the Times’s point of view.... (more)


Sunday January 26th, 2014

Markets Are Falling, Which Means It's Time For The US To Bomb A Sovereign Nation posted 01/26/2014, 9:37 PM (Zero Hedge)
[Category: Economy]
After the worst week for the market in over a year, the US knows the drill. Must. Distract. Population. And if a drunk-driving, prepubescent Miley Cyrus Canadian lookalike on a work visa won't do the trick, then by all means resort to ye olde faithful - bombing the feces out of some "independent" nation. In this case Somalia. ... (more)


HSBC imposes restrictions on large cash withdrawals posted 01/26/2014, 9:37 PM (BBC)
[Category: Economy]
Some HSBC customers have been prevented from withdrawing large amounts of cash because they could not provide evidence of why they wanted it, the BBC has learnt.

Listeners have told Radio 4's Money Box they were stopped from withdrawing amounts ranging from £5,000 to £10,000.
... (more)
Furious Backlash Forces HSBC To Scrap Large Cash Withdrawal Limit


Friday January 24th, 2014

Holder Says Marijuana Banking Rules Coming Soon posted 01/24/2014, 4:13 PM (StoptheDrugWar.org)
[Category: Economy]
Attorney General Eric Holder said Thursday that the Obama administration would soon announce regulations that would allow banks to business with legal marijuana businesses. Financial institutions have been scared away from such businesses by the threat of legal action for dealing in the profits of a commodity still illegal under federal law.... (more)


Get Konnected with The Kronies Action Figures posted 01/24/2014, 4:12 PM (YouTube)
[Category: Economy]

From the Makers of the Keynes vs Hayek rap!

The Kronies are in action...Mandating, Tarrify-ing, Inflating, and Boondoggling their way to profits powered by their special konnection to the G-Force. Watch Big-G and his team stomp out competition!

Get Konnected at http://www.thekronies.com


Thursday January 23rd, 2014

Joe Rogan Interviews Peter Schiff posted 01/23/2014, 3:41 PM (YouTube)
[Category: Economy]

Peter Schiff is an American businessman, investment broker, author and financial commentator. Schiff is CEO and chief global strategist of Euro Pacific Capital Inc.


Judge rules Kan. sperm donor owes child support posted 01/23/2014, 3:38 PM (Associated Press)
[Category: Economy]
A man who provided sperm to a lesbian couple in response to an online ad is the father of a child born to one of the women and must pay child support, a Kansas judge ruled Wednesday.... (more)


Wednesday January 22nd, 2014

Wall Street adviser: Actual unemployment is 37.2%, 'misery index' worst in 40 years posted 01/22/2014, 12:08 PM (WashingtonExaminer.com)
[Category: Economy]
Don't believe the happy talk coming out of the White House, Federal Reserve and Treasury Department when it comes to the real unemployment rate and the true “Misery Index.” Because, according to an influential Wall Street advisor, the figures are a fraud.

In a memo to clients provided to Secrets, David John Marotta calculates the actual unemployment rate of those not working at a sky-high 37.2 percent, not the 6.7 percent advertised by the Fed, and the Misery Index at over 14, not
... (more)


Tuesday January 21st, 2014

Porn industry moves from LA to Vegas due to condom requirement posted 01/21/2014, 11:53 AM (YouTube)
[Category: Economy]

Hollywood has long been known for its movie stars... and its porn stars. But now the porn industry is flocking to a new location with less restrictions: Las Vegas. California voters approved a new law that requires adult film actors to wear protection during intercourse, but there is no such requirement in Nevada. RT's Meghan Lopez talks to Chanel Preston, an adult film performer, about the exodus from
... (more)


Monday January 20th, 2014

Germany Has Recovered A Paltry 5 Tons Of Gold From The NY Fed After One Year posted 01/20/2014, 8:28 AM (Zero Hedge)
[Category: Economy]
On December 24, we posted an update on Germany's gold repatriation process: a year after the Bundesbank announced its stunning decision, driven by Zero Hedge revelations, to repatriate 674 tons of gold from the New York Fed and the French Central Bank, it had managed to transfer a paltry 37 tons. ... (more)


Hacking expert David Kennedy says he cracked HealthCare.gov in 4 minutes posted 01/20/2014, 8:28 AM (Washington Times)
[Category: Economy]
The man who appeared before Congress last week to explain the security pitfalls of HealthCare.gov took to Fox News on Sunday to explain just how easy it was to penetrate the website.... (more)


Wednesday January 15th, 2014

The Level Of Economic Freedom In The United States Is At An All-Time Low posted 01/15/2014, 10:46 AM (Michael Snyder)
[Category: Economy]
Americans have never had less economic freedom than they do right now.  The 2014 Index of Economic Freedom has just been released, and it turns out that the level of economic freedom in the United States has now fallen for seven consecutive years.  But of course none of us need a report or a survey to tell us that.  All we have to do is open our eyes and look around.  At this point our entire society is completely dominated by control freaks and bureaucrats.  Our economy is literally being suffo... (more)


3 Absurd Reasons for Banning Drugs posted 01/15/2014, 10:46 AM (LearnLiberty)
[Category: Economy]


Did you know the war on drugs is founded on racist principles? Prof. Stephen Davies shows the historical thought process behind banning drugs. One of the main reasons drugs were banned initially is because people were concerned drug use would lead to interracial relationships. Can you imagine someone making that argument today? Yet it was a principle reason for some of the laws banning drugs th
... (more)


Marc Faber Warns "The Bubble Could Burst Any Day"; Prefers Physical Gold To Bitcoin posted 01/15/2014, 10:46 AM (Zero Hedge)
[Category: Economy]
"The Fed's policies have actually led to a lot of problems around the world," Marc Faber begins his discussion with Bloomberg TV's Trish Regan, especially "people in the lower income groups [who] spend say 30% of their income on energy, transportation, and so forth, electricity and gasoline." The Gloom, Boom & Doom Report author goes on to discuss everything ... (more)


Beanie Babies creator gets probation, no prison posted 01/15/2014, 10:44 AM (Associated Press)
[Category: Economy]
CHICAGO (AP) -- The billionaire businessman behind Beanie Babies was sentenced Tuesday to two years of probation, but no prison time, for not paying taxes on millions of dollars stashed in Swiss bank accounts, with the judge praising the toy magnate for his charity work. ... (more)


Planned Parenthood Got $540.6 Million in Government Grants in FY 2013 posted 01/15/2014, 10:45 AM (CNS News)
[Category: Economy]
Planned Parenthood’s net revenue increased 5% to total of $1.21 billion in its organizational fiscal year ending on June 30, 2013, according to its new Annual Report 2012-2013, and about 45% of that revenue--$540.6 million--was provided by taxpayer-funded government health services grants. - See more at: http://www.cnsnews.com/news/article/barbara-boland/planned-parenthood-got-5406-million-government-grants-fy-2013#sthash.TOXuGLJC.dpuf... (more)


Monday January 13th, 2014

"Taxes Are Expropriation": Hans Hoppe Interviewed In Leading German Business-Weekly posted 01/13/2014, 1:28 PM (HansHoppe.com)
[Category: Economy]
Below is an English translation of Professor Hoppe's interview by "Wirtschaftswoche", Germany's leading business-weekly. The interview covers various topics, including the business cycle, the nature of the state, anarcho-capitalism, taxation as expropriation, and the like.

***

Inter
... (more)


Friday January 10th, 2014

U.S. War on Poverty Failed While Global Poverty Declined 80%: Economic Liberalization Begets Prosperity and Equality posted 01/10/2014, 8:45 AM (Mary Theroux)
[Category: Economy]
50 years after LBJ declared a “War on Poverty,” the U.S. would do well to take a page from the global playbook--whereby economic liberalization and more open trade has resulted in an 80% decline in abject poverty since 1976.

The graphs below, taken from the National Bureau of Economic Research Working Paper, “Parametric Estimations of the World Distribution of Income,” surely ought to impress even the most avid central-planner:
... (more)


Thursday January 9th, 2014

Saxo Bank CEO Warns of Collapse Into "Totalitarian" Society posted 01/09/2014, 4:18 AM (Infowars)
[Category: Economy]
Saxo Bank CEO Lars Seier Christensen warns that excessive government regulation, overtaxation and a coming economic collapse are all setting the stage for a slide into an overtly “totalitarian” society.

In a blog post entitled, What is the broader relevance of Ayn Rand for society?, Christensen adeptly describes how the predictions of the author, most famous for her 1957 dystopian classic 
... (more)


Claim: 927 People Own Half Of All Bitcoins posted 01/09/2014, 4:12 AM (Business Insider)
[Category: Economy]
Finnish entrepreneur Risto Pietilä, an active member of on Bitcointalk.org, has offered an estimate of just how severe this ownership imbalance could be.... (more)


Wednesday January 8th, 2014

Does a Minimum Wage Reduce Poverty? posted 01/08/2014, 5:50 AM (The Circle Bastiat)
[Category: Economy]
In a long and seemingly technical blog post on the Washington Post “wonkblog,” Roosevelt Institute fellow Mike Konczal suggests that raising the minimum wage will reduce poverty. He primarily relies on one meta study (Dube 2013, unpublished) to show that economists “do agree” “that raising the minimum wage would reduce poverty.”

Quickly reading throug
... (more)


Tuesday January 7th, 2014

Too Big to Pop posted 01/07/2014, 7:17 AM (Peter Schiff)
[Category: Economy]
Most economic observers are predicting that 2014 will be the year in which the United States finally shrugs off the persistent malaise of the Great Recession. As we embark on this sunny new chapter, we may ask what wisdom the five-year trauma has delivered. Some big thinkers have declared that the episode has forever tarnished freewheeling American capitalism and the myth of Wall Street invincibility. In contrast, I believe that the episode has, for the moment, established supreme confidence in ... (more)


China Destroys 6 Tons of Ivory in Landmark Move (Which Will In Turn Skyrocket The Price And Create An Even Greater Demand) posted 01/07/2014, 7:16 AM (ABC News)
[Category: Economy]
China destroyed about 6 tons of illegal ivory from its stockpile on Monday in an unprecedented move wildlife groups say shows growing concern about the black market trade by authorities in the world's biggest market for elephant tusks.... (more)


Is Colorado Pot Overtaxed and Over-Regulated Already? posted 01/07/2014, 7:16 AM (Reason)
[Category: Economy]


On New Year's Day, 2014, Coloradans lined up to purchase marijuana for recreational use. Legally.

While drug reformers across the nation are celebrating the beginning of the end of marijuana prohibition (Washington state also has legalized recreational marijuana and several other states are likely to legalize weed in the next few years), Coloradans are working out how exactly to
... (more)


Friday January 3rd, 2014

Beanie Baby Founder Facing Prison Because He Only Paid Some $1 Billion In Taxes, Should Have Paid $1.0055 Billion posted 01/03/2014, 5:06 AM (InformationLiberation)
[Category: Economy]
Ty Warner, the man behind the beanie baby phenomenon who made headlines last year for gifting a woman seeking a stem cell treatment $20,000 after she gave him directions when he was lost, managed to dodge some $5.5 million in taxes by hiding a portion of his income in a Swiss bank account.

After being ratted out, the U.S. government now wants to imprison him for some 46
... (more)


UK: Young people 'feel they have nothing to live for,' third have contemplated suicide posted 01/03/2014, 5:06 AM (BBC News)
[Category: Economy]
As many as three quarters of a million young people in the UK may feel that they have nothing to live for, a study for the Prince's Trust charity claims.

The trust says almost a third of long-term unemployed young people have contemplated taking their own lives.

Urgent action must be taken to prevent the young jobless becoming the young hopeless, it says.

The government commented that it was doing "everything possible" to help young people find work.<
... (more)

Title should read: Young people in the fascistic totalitarian collapsing west 'feel they have nothing to live for.'

The youth in China are extremely optimistic, %93 said they think their county's best days are still head. Only %41 of western Europeans said the same, and only %47 in North America. See this excellent speech on China's bright future for more.

Note the UK government's "solution" to this problem is more welfare. ...because if at first you don't succeed... - Chris


70% Of Americans Have "No Faith" In Government posted 01/03/2014, 5:05 AM (Infowars)
[Category: Economy]
As we move into 2014, a new poll finds that a whopping 70 percent of Americans have absolutely “no faith” in government to make progress on key issues.

The Associated Press/NORC Center for Public Affairs Research survey found that 7 in 10 voters do not have any confidence in the government "to make progress on the important problems and issues facing the country in 2014."
... (more)

They have no faith in it--and yet they still want it to solve all their problems. This is a logical fallacy. Government is institutionalized mob violence, the idea people need "rulers" to own them and tell them what to do must be discarded just as the idea witch doctors controlled the weather or sacrificing virgins gave you a bountiful harvest. Believing government can solve problems should be viewed equal in logic to believing raping virgins will cure you of AIDS. - Chris, InfoLib


Thursday January 2nd, 2014

Marc Faber 'Congratulates' Ben: "Well Done, Mr. Bernanke!" posted 01/02/2014, 1:21 AM (Zero Hedge)
[Category: Economy]

In a little under four minutes, Marc Faber explains to Fox Business' Dagen McDowell all that is wrong with the Central Planners 'current plan'. From a re-bubbled housing 'recovery' pricing real buyers out of the market ("homes do not offer a great opportunity today") to forced-renters paying increasing amounts of their stagnant wages, and the small percentage of ordinary Americans who
... (more)


Wednesday January 1st, 2014

Legal Marijuana No Simple Matter for Colorado Retailers posted 01/01/2014, 3:39 AM (StoptheDrugWar.org)
[Category: Economy]
Starting January 1, any person in Colorado over the age of 21 can walk into a retail marijuana facility and purchase marijuana with just a show of ID. While the process should be simple for those who choose to imbibe legally, things have not been so simple for the dispensary owners who have made the choice to sell retail marijuana. Luke Ramirez is one of these owners. His store, Walking Raven, sits on one of Denver’s busiest streets.

For Ramirez, planning for retail marijuana sale
... (more)


Tuesday December 31st, 2013

Is The NSA In Your Bank Account? posted 12/31/2013, 1:51 AM (The Dollar Vigilante)
[Category: Economy]
Has the National Security Administration (NSA) been changing the amounts held in the financial accounts of people it targets?

The question would seem absurd if it were not for a 308-page report on the NSA that was released on December 12 by an Official White House Panel. Recommendation 31, “Institutional Measures for Cyberspace,” on page 37 and repeated on page 221 reads:
... (more)


Ron Paul: How Government Policies Hurt Low-Wage Workers posted 12/31/2013, 1:51 AM (Ron Paul)
[Category: Economy]
Fast-food workers across the county have recently held a number of high profile protests to agitate for higher wages. These protests have been accompanied by efforts to increase the wages mandated by state and local minimum wage laws, as well as a renewed push in some states and localities to pass “living wage” laws. President Obama has proposed raising the federal minimum wage to ten dollars an hour.

Raising minimum wages by government decree appeals to those who do not understan
... (more)


Sunday December 29th, 2013

Police Falling To Their Own Excesses posted 12/29/2013, 11:29 PM (InformationLiberation)
[Category: Economy]
How would you like to work for only 30 years, then retire at 50 with a pension that's 90 percent of your salary for life? That's the sweetheart deal police in towns all over California receive, and it's driving city after city into bankruptcy.

From the New York Times:
The city, Desert Hot Springs, population 27,000, is slowly edging toward ban... (more)


Colombia Plans Raid to Seize FARC Rebels' Tungsten Mine posted 12/29/2013, 11:27 PM (Bloomerg)
[Category: Economy]
The Colombian government says it will seize and close a mine run by FARC guerrillas that has supplied tungsten to some of world’s leading multinational companies.

Colombian security forces are in the advanced stages of preparing an assault on Tiger Hill, the mine in a remote part of the Amazon jungle run by FARC, or the Revolutionary Armed Forces of Colombia, said National Police Col. Jose Gerardo Acevedo.

“We are planning and organizing an operation to shut it down
... (more)


Many consumers in the dark about rising lighting standards posted 12/29/2013, 11:26 PM (CNET Reviews)
[Category: Economy]
This year, Sylvania reports that just 4 in 10 consumers are aware that beginning on January 1st, a sharp rise in efficiency standards will effectively render standard 40- and 60-watt incandescent bulbs obsolete. In accordance with those rising standards, those bulbs will no longer be manufactured or sold in the United States.... (more)


Keynesian Economist Paul Krugman on the Irrelevance of the Internet - 1998 [Pic] posted 12/29/2013, 11:26 PM (r/Libertarian)
[Category: Economy]


Wednesday December 25th, 2013

The Times of India: 'Almost Every Passenger on a Flight from Dubai to Calicut Was Found Carrying 1kg of Gold' posted 12/25/2013, 9:22 AM (Liberty Blitzkrieg)
[Category: Economy]
Watching Indian bureaucrats attempt to halt more than one billion human beings’ desire for gold has been one of the more entertaining and pathetic stories of all of 2013. It is one that I have covered on many occasions, the latest being my post from earlier this month:  Gold Smuggling Increases 7x in India and Surpasses Illegal Drug Trade.

Well it appears th
... (more)


Schiff: Unbelievable Liberal Reaction To My Walmart Video posted 12/25/2013, 9:21 AM (YouTube)
[Category: Economy]

The reaction from the left to my recent Walmart video does more to expose liberal intolerance and hypocrisy than my video itself. It's actually so bad that no explanation can come close to doing it justice. In this video I claim that I never received hate mail before. I should have said that I never received true hate mail. I have received emails over the years from people who disagree with me, often e
... (more)


Tuesday December 24th, 2013

When Asked, Vast Majority of Businesses Say IP is Not Important posted 12/24/2013, 8:21 AM (Gabriel J. Michael)
[Category: Economy]
Last year, the U.S. Patent and Trademark Office released a widely cited report entitled “Intellectual Property and the U.S. Economy: Industries in Focus.” This report played up the importance of IP, claiming “the entire U.S. economy relies on some form of IP,” and estimated that “IP-intensive industries” accounted for 40 million American jobs and 35% of the U.S. GDP in 2010.

While many pro-IP groups hail
... (more)


A Spoonful of Sugar posted 12/24/2013, 8:21 AM (Peter Schiff)
[Category: Economy]
The press has framed Ben Bernanke's valedictory press conference last week in heroic terms. It's as if a veteran quarterback engineered a stunning come-from-behind drive in his final game, and graciously bowed out of the game with the ball sitting on the opponent's one-yard line. In reality, Bernanke has merely completed a five-yard pass from his own end zone, and has left Janet Yellen to come off the bench down by three touchdowns, with no credible deep threats, and very little time left on the... (more)


Feds stole my $33M bitcoins booty: Silk Road ‘pirate’ posted 12/24/2013, 8:20 AM (New York Post)
[Category: Economy]
The Internet “pirate” accused of running the notorious illegal-drug-peddling Web site Silk Road claims that the feds are the real buccaneers — robbing him to the tune of $33.6 million worth of the encrypted, virtual currency bitcoin.... (more)


Thursday December 19th, 2013

Last light: Final phaseout of incandescent bulbs coming Jan. 1 posted 12/19/2013, 10:11 AM (Fox News)
[Category: Economy]
It’s lights out for the light bulb.

On Jan. 1 it will become illegal to manufacture or import traditional 60-watt and 40-watt incandescent bulbs, thanks to a 2007 bill that set strict minimum efficiency standards – and effectively outlawed the ordinary bulb.
... (more)


Wednesday December 18th, 2013

US Treasury Warning Letters On Bitcoin Have 'Chilling Effect' On Businesses Using The Digital Currency posted 12/18/2013, 7:23 AM (Reuters)
[Category: Economy]
ST. LOUIS (Reuters) - The U.S. Treasury Department's anti money-laundering unit is warning businesses linked to the digital currency Bitcoin that they may have to comply with federal law and regulation as money transmitters, a Treasury spokesman said.... (more)


Tuesday December 17th, 2013

Schiff: Will Walmart Shoppers Support "Every Day High Wages?" posted 12/17/2013, 6:45 AM (YouTube)
[Category: Economy]

Walmart touts "Everyday Low Prices," but we asked its customers to support 'Everyday High Wages" instead. We posed as representatives of "15 for 15," a make-believe organization advocating that Walmart raise prices by 15% and use the extra cash to pay its low-skilled workers $15 dollars per hour. Not surprisingly few shoppers supported our cause. Even those who felt Walmart workers should be paid
... (more)


Harvard study finds ‘striking’ rejection of Obamacare by young Americans posted 12/17/2013, 6:40 AM (Watchdog.org)
[Category: Economy]
A new survey from Harvard University found a large majority of young Americans do not believe the law will save them money, do not believe it will improve their health and do not intend to sign up for insurance through the new exchanges.... (more)


Bitcoin Tumbles After PBOC Rumors Confirmed posted 12/17/2013, 6:40 AM (Zero Hedge)
[Category: Economy]
The earlier rumors have been confirmed: People’s Bank of China told more than 10 third-party payment service providers yesterday not to give clearing services to online Bitcoin exchanges, China Business News reports, citing a central bank meeting with the companies. This news is pressuring Bitcoin to $678 (on Mt.Gox) but more notably, BTC China rates imply a $588 equivalent price - down 57% from its highs. From a $100-plus premium, BTC China now trades $130 cheap to Mt.Gox as the 'arb' flips.... (more)


Monday December 16th, 2013

They Bravely Chickened Out posted 12/16/2013, 5:44 AM (Peter Schiff)
[Category: Economy]
Today, Congress tried to show that it is capable of tackling our chronic and dangerous debt problems. Despite the great fanfare I believe they have accomplished almost nothing. Supporters say that the budget truce created by Republican Representative Paul Ryan and Democratic Senator Patty Murray will provide the economy with badly needed certainty. But I think the only surety this feeble and fictitious deal offers is that Washington will never make any real moves to change the trajectory of our ... (more)


The IMF Disagrees With Zero Hedge posted 12/16/2013, 5:36 AM (Zero Hedge)
[Category: Economy]
On Thursday, after we presented an article by Simon Black in which the author suggested that the IMF was implicitly proposing a 71% tax-rate on Americans, by "suggesting that the US government could maximize its tax revenue by increasing tax brackets to as high as 71%", the IMF took offense to this characterization, and tweeted out the following...... (more)


JPMorgan's "Bitcoin-Alternative" Patent Rejected (175 Times) posted 12/16/2013, 5:36 AM (Zero Hedge)
[Category: Economy]
Earlier in the week, we detailed JPMorgan's attempt to create their own "web cash" alternative to Bitcoin (and Sberbank's talk of doing the same). However, as M-Cam details, following the failure of the first 154 'claims', JPMorgan issued a further 20 claims - which were summarily rejected (making JPMorgan 0-175 for approved claims).... (more)


Rabid socialist wins Chile election... posted 12/16/2013, 5:36 AM (Reuters)
[Category: Economy]
Dec 15 (Reuters) - Michelle Bachelet was elected as Chile's president again on Sunday in a landslide victory that hands the center-leftist the mandate she sought to push ahead with wide-reaching reforms.... (more)
See: The Aftermath of Chile’s Election

Previous Page . Next Page

Search Archives by Date


Advanced Search
Username:

Password:

Remember Me
Forgot Password?
Register

Mission Creeps: Homeland Security Agents Confiscate Women's Panties For 'Copyright Infringement' - 10/23Chicago Cop Who Assaulted 89-Yr-Old For Requesting He Stop Cursing Gets 3 Years - 10/23Doctor Assaulted by Police at Dying Son's Birthday, Tasered so Many Times He Had a Heart Attack - 10/23The Compassion Of the State: Town Sells Mom's Home At Auction Over Unpaid $95 Tax Bill She Was Never Notified About - 10/23Call the Suicide Prevention Hotline -- Get Killed by a SWAT Team - 10/23Man Brutalized & Stopped Over 20 Times in 5 Weeks by Cops Mistaking Him for Murderer - 10/23Either Praise the Police, or Shut Up - 10/22Exonerated Woman Contests 675-Day Lockup - 10/23

Rialto, CA Police Made to Wear Cameras, Use of Force Drops by Over Two-ThirdsCop Who Karate Chopped NY Judge In Throat Gets Off Scot-FreeFlorida Cop Smashes Compliant Woman's Face Into Car -- "Maybe Now You Can Understand Simple Instructions"VIDEO: Lapel Cam Reveals A Day In The Life Of A U.S. Police Officer (Tasing, Beating, Breaking & Entering, Stomping On Heads... and Laughing About It)Caught On Tape: Officer Sucker Punches Inmate In Face, Files Report Claiming 'Self Defense'Insult Person On Twitter, Go To JailSWAT Team Brings TV Crew To Film Raid Against Threatening Internet Critic -- Raids Innocent Grandma InsteadCop Karate Chops NY Judge In The ThroatWhen the Right to Resist Becomes the "Duty to Submit"The Missing Lesson From Norway: Never Trust a Man in Uniform
(more)

 
Top