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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
Category: Economy - Browse by Category - News - Analysis - Highlights - Multimedia - Latest Comments Page 3 Wednesday September 17th, 2014

Wednesday March 12th, 2014
Korean Government Hires Thugs To Flip Over Food Stalls Who Don't Pay Taxes In Gangnam posted 03/12/2014, 6:46 AM (Seoul Searching)
[Category: Economy]
Chaos broke out on the infamous streets of Gangnam last Monday as hired “city workers” made their way down the sidewalks, evicting street vendors for establishing their stalls illegally. When faced with the word eviction, one usually brings to mind the distribution of notices and fines. Korea, however, is no stranger to the use of more unconventional methods.... (more)

Why Americans Are Dumping Their US Citizenship: 5 Case Studies posted 03/12/2014, 6:46 AM (Zero Hedge)
[Category: Economy]
3,000 Americans around the world renounced their citizenship last year. CNN Money introduces us to five U.S. citizens who have given up their passports -- or are thinking about it...... (more)

Tuesday March 11th, 2014

Government Rules Deny Drug To Dying Child posted 03/11/2014, 4:12 AM (InformationLiberation)
[Category: Economy]
The FDA's rules and regulations all but outright forbid drug companies from giving their drugs to dying children, yet CNN wrote up a propaganda piece attacking a drug company for "denying their drug to a dying child."

Fortunately, the top commenter cut right through the propaganda and debunked the entire story.

Perhaps CNN will soon join other establishment media outlets and ba
... (more)

We Are In FAR Worse Shape Than We Were Just Prior To The Last Great Financial Crisis posted 03/11/2014, 4:11 AM (The Economic Collapse)
[Category: Economy]
None of the problems that caused the last financial crisis have been fixed.  In fact, they have all gotten worse.  The total amount of debt in the world has grown by more than 40 percent since 2007, the too big to fail banks have gotten 37 percent larger, and the colossal derivatives bubble has spiraled so far out of control that the only thing left to do is to watch the spectacular crash landing that is inevitably coming.  Unfortunately, most people do not know the information that I am about t... (more)

Global Debt Passes $100 Trillion, Soars By More Than $30 Trillion Since 2007 posted 03/11/2014, 4:11 AM (The Dollar Vigilante)
[Category: Economy]
Don't let those daily US stock market highs confuse you - it is just a sign of a century old counterfeiting scheme getting out of control. As Bloomberg writes, the post-crisis years have seen "governments binge" on debt. But where is this money coming from?

Since the onset of the global financial crisis, the amount of debt globally has soared nearly 50 percent
... (more)

Good Businesses Respond to Facts, Not Ads posted 03/11/2014, 4:09 AM (The Freeman)
[Category: Economy]
“Move here, expand here, or start a new business here and pay no taxes for 10 years!” So goes the slick, nationally broadcast television ad on which New York state is spending a small fortune.

It sounds like an attractive offer, but the devil is in two big details the ads omit. One, when the 10 years are up, you’ll get socked with the highest tax burden among the 50 states. Two, taxes are just one of many reasons New York is too costly and unattractive to many entrepreneurs. It’s
... (more)

Gallup: Percentage of Uninsured Americans Higher Now Than in 2008 posted 03/11/2014, 4:09 AM (CNS News)
[Category: Economy]
Defenders of Obamacare will point to a new Gallup poll showing that the percentage of Americans without health insurance continues to fall -- to 15.9 percent so far in 2014, down from 17.1 percent in the fourth quarter of 2013.

But compare the most recent percentages with those posted by Gallup in 2008, when 14.8 percent of Americans lacked health insurance coverage.

In fact, as Gallup
... (more)

Comic Artist Burns Copies of Book He Got Kickstarter Funded Rather Than Mail Them, Because Capitalism is Bad posted 03/11/2014, 4:07 AM (Reason)
[Category: Economy]
For those who think Ayn Rand was just crazily overwrought in the "unrealistic" characters she created to dramatize the anti-capitalist mentality, you might want to see this addendum to the Kickstarter page of comic artist John Campbell, who raised over $50,000 on Kickstarter to publish a book of his comics Sad Pictures for Children.

He got tired of having to mail the books he promised, app
... (more)

Monday March 10th, 2014

Harvey Weinstein Demands More Tax Subsidies, SOPA-Style Copyright Scheme posted 03/10/2014, 12:51 AM (InformationLiberation)
[Category: Economy]
Harvey Weinstein, appearing at the UCLA Entertainment Symposium in interview with Ken Ziffren, Los Angeles’ newly appointed film czar, called for California to expand its production tax incentives.

“There’s no reason for us not to shoot
... (more)

Weather or Not? posted 03/10/2014, 12:49 AM (Peter Schiff)
[Category: Economy]
Everyone agrees that the winter just now winding down (hopefully) has been brutal for most Americans. And while it's easy to conclude that the Polar Vortex has been responsible for an excess of school shutdowns and ice related traffic snarls, it's much harder to conclude that it's responsible for the economic vortex that appears to have swallowed the American economy over the past three months. But this hasn't stopped economists, Fed officials, and media analysts from making this unequivocal ass... (more)

Woman Fights for Sovereignty, Judge Declares Living Off Grid Illegal posted 03/10/2014, 12:49 AM (Natural Society)
[Category: Economy]
A Florida woman has gone head to head with a local judge who has declared her efforts to live off the grid illegal and in violation of local and international code ordinances.... (more)

Austin Police Department Warns SXSW Attendees Not To Use Uber (Because It's Too Cheap & Affordable) posted 03/10/2014, 12:47 AM (TechCrunch)
[Category: Economy]
Here’s something you might not have noticed if you were partying it up at SXSW and using Uber to get around: Your Uber might not be permitted in Austin, and the police department wants you to know that.... (more)

Popcorn Time: Open Source Torrent Streaming Netflix For Pirates posted 03/10/2014, 12:46 AM (TorrentFreak)
[Category: Economy]
Popcorn Time, a cross-platform and BitTorrent-powered movie streaming app, may very well be Hollywood's worst nightmare. The software can be best described as a Netflix for pirates, allowing users to stream the latest blockbusters at no cost. TF talks to one of the developers to find out how the app came about.... (more)

Thursday March 6th, 2014

IRS Poll Shows Majority Of Americans Pay Taxes Out Of Fear posted 03/06/2014, 11:15 PM (InformationLiberation)
[Category: Economy]
Sixty percent of Americans told pollsters fear of an audit influences their decision to pay taxes to the IRS. Note, only fifty-three percent of Americans pay federal income taxes.

See how CBNC managed to spin this as a positive:
The IRS Oversight Board's annual taxpayer survey finds that 86 percent of Americans thinks it's not at all ac... (more)

Duke University Student Says She Became Porn Actress Because Tuition Is So Expensive posted 03/06/2014, 11:16 PM (InformationLiberation)
[Category: Economy]

Porn star Belle Knox said she turned to porn because college tuition towards her women's studies degree was some 60k a year.

I have to say, I am SHOCKED and OUTRAGED this young woman would THROW HER LIFE away...
... (more)

Getty Images Makes Pictures Free To Use posted 03/06/2014, 11:14 PM (Libertarian News)
[Category: Economy]
Getty Images just made most of their 46 million strong image library free for non-commercial use. Anyone can now search and click on an image and acquire it’s embed code. The embed code automatically includes image credit attribution.... (more)
Pretty amazing change, they used to be despicable copyright trolls.

Wednesday March 5th, 2014

US Government Will Continue Interfering With Apple Pricing Decisions posted 03/05/2014, 12:09 AM (The Circle Bastiat)
[Category: Economy]
A federal court has ruled that a US Department of Justice "monitor" will remain inside Apple Computer to supervise all the company's pricing decisions.

The "monitor," Michael Bromwich, was appointed when Apple lost an anti-trust case involving E-books. He bills for his time at $1,100 an hour and charged $138,432 for his first two weeks of "work."

Apple has filed an appeal which labels Bromwich's appointment "unprecedented and unconstitutional." This “monitor” is a p
... (more)

Papal Indulgences and "Impersonal" Markets posted 03/05/2014, 12:06 AM (The Freeman)
[Category: Economy]
Markets might be impersonal, but at least they don’t require coercion.... (more)

Tuesday March 4th, 2014

Joint Marijuana Legalization Bills Filed in Florida posted 03/04/2014, 12:46 AM (The Daily Chronic)
[Category: Economy]
Two bills to legalize the recreational use of marijuana by adults have been filed in Florida.... (more)

Monday March 3rd, 2014

Bill would impose 95% tax on e-cigarettes posted 03/03/2014, 12:47 AM (BizJournals)
[Category: Economy]
They look, feel and can taste like cigarettes, and now Washington lawmakers are seeking to tax them like cigarettes, too. A growing trend, e-cigarettes are popular with people looking to kick their smoking habit.

Democrats in the state House included a 95 percent tax on vapor products such as e-cigarettes as part of their supplemental budget package, released on Wednesday. In response, business owners from around the state assembled in Olympia to protest the proposed tax rate.
... (more)

Wednesday February 26th, 2014

Bitcoin Exchange Mt. Gox Goes Offline Amid Allegations of $350 Million Hack posted 02/26/2014, 12:59 PM (Wired)
[Category: Economy]
Mt. Gox, once the world’s largest bitcoin exchange, has gone offline, apparently after losing hundreds of millions of dollars due to a years-long hacking effort that went unnoticed by the company.

The hacking attack is detailed in a leaked “crisis strategy draft” plan, apparently created by Gox and published Monday by Ryan Selkis, a bitcoin entrepreneur and blogger (see below). According to the document, the exchange is insolvent after losing 744,408 bitcoins — worth about $350 mi
... (more)

Tuesday February 25th, 2014

"Doing my online econ homework. I knew it wasn't the 'right' answer but I had to try." [Pic] posted 02/25/2014, 12:37 PM (r/Libertarian)
[Category: Economy]

"The prompt is "the federal government's nutritional guidelines urge adults to eat at least 5 cups of fruits and vegetables each day." then it asks a question about externalities and then "the government should...", Although the two questions are not directly related. And the correct answer is D." - From parkowl via r/Libertarian.

Monday February 24th, 2014

WhatsApp With That? posted 02/24/2014, 12:50 PM (Peter Schiff)
[Category: Economy]
Two pieces of business news announced this week provide a convenient frame through which to view our dysfunctional and distorted economy. The first (which has attracted tremendous attention), is Facebook's blockbuster $19 billion acquisition of instant messaging provider WhatsApp. The second (which few have noticed) is the horrific earnings report issued by Texas-based retail chain Conn's. While these two developments don't seem to have much in common, together they shed some very unflattering l... (more)

Does Anybody Remember the Crash of 2008? posted 02/24/2014, 12:50 PM (Will Grigg)
[Category: Economy]
 Benjamin Franklin observed that “Experience keeps a dear school, but fools will learn in no other.” That warning about the prohibitive price of persistent foolishness has been lost on millions of Americans who are eagerly taking on catastrophic levels of personal and institutional debt

A little more than five years ago,
... (more)

No, Robots Won't Take All Our Jobs Away posted 02/24/2014, 12:50 PM (YouTube)
[Category: Economy]

Economist George Reisman joins Tom Woods to explode the "robots will take all our jobs" argument.

Save the Elephants: Sell Ivory posted 02/24/2014, 12:50 PM (The Freeman)
[Category: Economy]
Unfortunately, these days most new ivory comes from poachers. The killing of elephants has sparked a new form of prohibition, with steadily tighter controls over ivory sales. Only antique ivory objects may be shipped across international boundaries, while even legal accumulations of ivory may be sold only with special sanction of the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES).

As a result, elephants have turned into modern-day bison—sim
... (more)

Why Is The Copyright Monopoly Necessary, Anyway? posted 02/24/2014, 12:50 PM (Rick Falkvinge)
[Category: Economy]
The copyright industry is amazing at pretending the copyright monopoly has always been there in its current form. But international copyright monopolies didn't exist in practice across the Western world before 1989.... (more)

HuffPo Columnist: I Infringe, So All Broadband Users Must Pay A New Piracy Tax posted 02/24/2014, 12:49 PM (Techdirt)
[Category: Economy]
Most people understand that letting the entertainment industry tax everybody for the behavior of a few people simply makes no coherent sense. Except apparently for "musician and freelance writer" Chris Peak, who in at attempt at humor over at the Huffington Post proudly proclaims that he thinks it would be a nifty idea if all broadband subscribers had to pay a monthly fine for the behaviors of other people.... (more)

Thursday February 20th, 2014

Colorado's New Cannabis Economy posted 02/20/2014, 9:29 AM (Ryan McMaken)
[Category: Economy]
What would have happened if one or two states had somehow managed to legalize alcohol during prohibition? Most likely, those states would have become centers of entrepreneurship with retail outlets, medicines, and innovation in equipment, machinery, and other forms of capital related to alcohol-related industries.

With the recent legalization of recreational cannabis use in both Washington state and Colorado, we're able to see a similar experiment in action.

While t
... (more)

Bank of Montreal shuts down bitcoin-related business accounts in Canada posted 02/20/2014, 9:28 AM (PFHub)
[Category: Economy]
The Bank of Montreal (BMO) has become the first financial institution in Canada to take action against bitcoin (BTC). It was confirmed by Cointrader co-founder and CTO Paul Szczesny in a press release that the bank would be closing down all bitcoin-related business accounts across the country amid initiatives and comments made by the Ministry of Finance pertaining to the cryptocurrency market.... (more)

Wednesday February 19th, 2014

Man says IRS surprised him by collecting debt ... from 34 years ago posted 02/19/2014, 9:01 AM (KWCH)
[Category: Economy]
Imagine the government coming after you for an unpaid debt that's more than 30 years old.

A Hutchinson man says that's exactly what happened to him. And the IRS took the money out of his 2013 tax refund.
... (more)

Tuesday February 18th, 2014

Coffeecare: The Affordable Coffee Act posted 02/18/2014, 8:03 AM (YouTube)
[Category: Economy]

What would it be like if we had to buy coffee like we have to now buy health insurance?

Thursday February 13th, 2014

Hawaii: Big Island plastic-bag ban to begin posted 02/13/2014, 6:17 AM (Hawaii News)
[Category: Economy]
A ban on plastic bags is set to begin Jan. 17 at all Big Island grocery stores, restaurants and other retailers.... (more)
Let the tree massacre begin!

Wednesday February 12th, 2014

Another Bitcoin Flash Crash Imminent? Second Major Exchange Follows MtGox In Suspending Withdrawals posted 02/12/2014, 7:12 AM (Zero Hedge)
[Category: Economy]
Bitcoin plunged another 15% or so from its bounce highs this morning as volatility has picked up dramatically in the virtual currency. The reasons are numerous: JPMorgan has come out with a scathing attack - "bitcoin looks like an innovation worth limiting exposure to;" CoinDesk reports that major exchanges are under a "massive and concerted attack" by a bot system - creating a "fog of confusion" over the system; and perhaps most critically, BitStamp has followed Mt.Gox and halted withdrawals "d... (more)

Tuesday February 11th, 2014

Florida Legislative Report Pans Red Light Camera Safety posted 02/11/2014, 6:01 AM (TheNewspaper)
[Category: Economy]
Revenue from red light cameras in Florida has more than tripled in the past year, from $38 to $119 million, but a report by the state's Office of Program Policy Analysis and Government Accountability found no commensurate jump in traffic safety. In a report released Friday, the analysts for the legislative branch surveyed the 79 jurisdictions that use automated ticketing machines to determine the impact the devices have had since they were authorized in 2010.... (more)

The Man Behind the Hong Kong Miracle posted 02/11/2014, 6:01 AM (The Freeman)
[Category: Economy]
Three cheers for Hong Kong, that tiny chunk of Southeast Asian rock. For the twentieth consecutive year, the Index of Economic Freedom—compiled by The Wall Street Journal and the Heritage Foundation—ranks Hong Kong (HK) as the freest economy in the world.

Though part of mainland China since the British ceded it in 1997, HK is governed locally on a daily basis. So far, the Chinese have remained reasonably faithful to their promise to leave the HK economy alone. What makes it so fre
... (more)

Monday February 10th, 2014

Americans Renouncing Citizenship Up 221%, All Aboard The FATCA Express posted 02/10/2014, 6:49 AM (Forbes)
[Category: Economy]
America is a great land and lures immigrants worldwide, yet record numbers of U.S. citizens and permanent residents are giving up their citizenship or residency. For all the immigrant arrivals the trickle the other direction is increasing. The number is still small, with the “published” expatriates for the quarter 630 for the last quarter of 2013.... (more)

Friday February 7th, 2014

3 tons of seized illegal ivory crushed in Paris posted 02/07/2014, 4:00 AM (Daily Star)
[Category: Economy]
Thursday's pulverization is intended to send a message to poachers and traffickers that preservationists hope will help stem the illicit trade that endangers the species' survival. Other countries to do the same recently include the United States, Gabon and China, ivory's biggest market.... (more)
...and illegal poachers rejoice because that means prices will stay artificially high thanks to a constrained supply! Thanks government!

Russell Brand: Philip Seymour Hoffman is another victim of extremely stupid drug laws posted 02/07/2014, 3:59 AM (The Guardian)
[Category: Economy]
In Hoffman's domestic or sex life there is no undiscovered riddle – the man was a drug addict and, thanks to our drug laws, his death inevitable.... (more)

Thursday February 6th, 2014

US Towns Declaring Bankruptcy Are The Lucky Ones posted 02/06/2014, 12:35 AM (The Dollar Vigilante)
[Category: Economy]
Who knew Detroit is the lucky one by being forced into Chapter 9 bankruptcy?

The majority of Scranton, Pennsylvania's remaining 76,000 residents want to declare Chapter 9, and they want it yesterday. Bob Quinn, president of the Scranton and Lackawanna County Taxpayers Association explains, “The silent majority would like to see bankruptcy. Basically, it’s down to a point where people cannot afford to pay the taxes and are moving out of town.”

In a Reuters article (A
... (more)

Peter Schiff Breaks Down "The Daily Show"'s LIES In Video Report posted 02/06/2014, 12:35 AM (YouTube)
[Category: Economy]

Peter Schiff sets the record straight in his latest video report!

How Prohibition Makes Heroin More Dangerous posted 02/06/2014, 12:35 AM (Reason)
[Category: Economy]
Because someone famous died in Manhattan from an apparent heroin overdose on Sunday, The New York Times has a front-page story today about "a city that is awash in cheap heroin." How cheap? The Times says a bag of heroin, which typically contains about 100 milligrams, "can sell for as little as $... (more)
An old best friend from childhood just died of a heroin OD two weeks ago. He's the third young man in my grade who has died specifically from heroin OD. After the government made oxy-contin rock solid and virtually impossible to take recreationally they all switched to heroin for 1/12th the cost. Unfortunately, due to prohibition it's not made by a pharmaceutical company but vagrant drug dealers who don't have million dollar faculties to rid it of all impurities and assure perfectly regulated doses. - Chris

Wednesday February 5th, 2014

Marc Faber Fears "A Vicious Circle To The Downside" Is Just Beginning posted 02/05/2014, 1:40 AM (Zero Hedge)
[Category: Economy]
"It's not just tapering that is putting pressure on markets," Marc Faber warns in thie brief clip. "Emerging economies have practically no growth and we have a slowdown in China that is more meaningful than strategists are willing to believe," he adds and this is "causing a vicious circle to the downside" in inflated asset markets as most of the growth in the world over the last five years has come from emerging markets. Faber suggests Treasuries as a s... (more)

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., 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 (
[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

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.

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17-Yr-Old In Critical Condition After Window Malfunction Leads to Tasering During Traffic Stop - 09/16James Foley's Mother Claims She Was Threatened With PROSECUTION If Family Paid Ransom - 09/15Oklahoma Woman Killed Fleeing Police in Drug Bust - 09/16Overkill: Militarizing America - 09/16Call the Anti-Police: Ending the State's "Security" Monopoly - 09/16The Black Hole of the American Injustice System - 09/16Russell Brand: Will Obama's Bombs Stop Beheadings? - 09/16FBI's Facial Recognition Program Hits 'Full Operational Capability' - 09/16

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