Sunday June 27th, 2010
|The Good News
posted 06/27/2010, 10:03 PM (Casey Research)|
From Casey's Daily Dispatch:
As investors, it’s essential to understand that for the near to medium term, the economic and investment outlook is the polar opposite of the rosy picture painted by officialdom and the quislings on Wall Street.
Because that understanding is so important to your wealth protection, we have taken it upon ourselves in these musings to dispel the dangerous fictions with countervailing facts and, hopefully, informed opinion.
Depending on how long you have been a dear reader, you have heard us warn – for months now – that the recession wasn’t over; that gold was one of the few secure asset classes and was going higher; that residential real estate would stumble again, and much more that is now becoming apparent to a wider audience.
That said, while it is important to view the immediate outlook for the economy through a justifiably negative filter, it is equally important that we don’t lose hope as that, too, can lead to bad decision-making.
By virtue of this publication’s fairly large circulation – around 100,000 – I get a lot of email. And I can tell you that there are some dear readers who are really, really upset with the state of things. They feel betrayed by their government, shafted by the colluding banks, robbed of their economic futures by slothful fellow citizens… in short, frustrated to the point of breaking by the sharp degradation of the American dream.
So much so that in some cases correspondents use what might be termed injudicious language – the sort that would be hard to explain in an innocent context, should it ever be dredged out of the ether in order to be trotted out as evidence.
To all of you who are swept by such strong emotions, all I have to say is… take a deep breath. Quoting the ... (more)
I think this is accurate. Things have changed drastically in just this last year, the news cycle is now dominated by the actually most important news thanks to sites like Reddit and Digg etc. Drudge Report is now anti-new world order news 24/7. The liberty movement has exploded and even the con men on TV like Glenn Beck need to pose as "radical" libertarians to stay at all relevant.
The zeitgeist took about 5 years to switch but now the trends have finally materialized. People are ready to hear the truth, mainly I think due to the bailout robbery (late 2008) and the ensuing economic crash. The worse things get, in many ways, the better things will get.
There is a huge price to pay for being foolhardy, it's a law of nature. The U.S. by and large went along with the murderous wars, the mass theft of the warfare/welfare state, the government bubble, etc. There is going to be either a massive crash or a sustained "managed" collapse, the latter being much worse and possibly violent, I think the establishment is aiming for the latter. (not that I think they will pull it off, I think our government is going the way of the Soviet Union.)
We need to suffer a massive crash, one massive crash in everything would actually be ideal because then we could start the rebuilding process from a clean slate. A sustained depression with the government funneling money around to the least productive companies in our society is the absolute worst thing we could have happen. I think it's likely they will continue to do just that, but the political climate has changed so much it may no longer be feasible.
As an individual I think the best thing to do is buy some gold and silver and maybe get armed. The more rural a place you live in, probably the better. It might be worth it going to another country if you have the means to do so.
Just as important, probably more important, read about Austrian economics and understand the cause of the problems in the world, they're almost all economic and they're absolutely all due to government.
Our current system is completely fiat and akin to wily coyote running off the cliff, our society has not yet looked down. Eventually it will and things are going to have to change, an anarcho-capitalist/private law society is the most accurate description of a free society I've ever seen, setting up another government, even a minimalist one is a total waste of effort and time. - Chris
|Bush's Lies Should Never Be Forgotten
posted 06/27/2010, 10:01 PM (Laurence Vance)|
In an article I wrote for Memorial Day in 2006 titled “Dying for a Lie,” I made reference and linked to a 212-page thesis for a bachelor's degree in political science at the University of Illinois written by Devon M. Largio in 2004. It was titled “Uncovering the Rationales for the War on Iraq: The Words of the Bush Administration, Congress, and the Media from September 12, 2001 to October 11, 2002.” This important work documented twenty... (more)
|US in panic over Russia's ICQ purchase (They can't spy on it carte blanche)
posted 06/27/2010, 10:01 PM (Russia Today)|
[Category: Big Brother/Orwellian]
The imminent sale of instant messaging service ICQ to a Russian company has set alarm bells ringing in the US. Senior officials are worried they will lose one of their main ways of keeping an eye on the underworld.
One of the largest instant messaging services in the world, ICQ, is among the most popular Internet applications of its kind in Russia and Eastern Europe.
In spring 2010, Russia’s largest Internet investment company, Digital Sky Technologies, made a deal ... (more)