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



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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
(more)
Category: Economy - Browse by Category - News - Analysis - Highlights - Multimedia - Latest Comments Page 4 Monday July 28th, 2014

Thursday January 9th, 2014
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 He primarily relies on one meta study (Dube 2013, unpublished) to show that economists “do agree” “that raising the minimum wage would reduce poverty.”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


Friday December 13th, 2013

Why Are Obamacare Exchange Policies So Bad? posted 12/13/2013, 1:48 AM (Mises Institute)
[Category: Economy]
As millions of people began to lose their old medical insurance policies, President Obama and other Obamacare supporters replied that the new exchange policies were better. This was another lie.

Obamacare exchange medical insurance policies are much worse than previous private policies. They not only restrict access to hospitals and doctors more severely than ever before. They also pay doctors much less, in some cases 50 percent less.

In the past, private insurance
... (more)


Are We About to Face a Severe Doctor Shortage? posted 12/13/2013, 1:48 AM (John C. Goodman)
[Category: Economy]
"No, there won't be a doctor shortage," wrote Zeke Emanuel and Scott Gottlieb in the New York Times the other day.

Obamacare will weather that challenge just fine. How? Nurses and other paramedic personnel can substitute for physicians, and new technology is making remote monitoring of patients easier than ever before.

All that is true.
... (more)


The IMF Wants You To Pay 71% Income Tax posted 12/13/2013, 1:47 AM (Soverign Man)
[Category: Economy]
The IMF just dropped another bombshell.

After it recently suggested a “one-off capital levy” – a one-time tax on private wealth as an exceptional measure to restore debt sustainability across insolvent countries – it has now called for “revenue-maximizing top income tax rates”.

The IMF’s team of monkeys has been working around the clock on this one, figuring that developed nations can increase their overall tax revenue by increasing tax rates.

They’ve
... (more)


Thursday December 12th, 2013

New Bubbles, Short Memories posted 12/12/2013, 1:59 AM (Douglas French)
[Category: Economy]
No other price pops during a boom like that of condominiums. The common view among savvy real estate types is condos are the last to jump and the first to crash. A decade ago, Bernanke’s post-Sept. 11 easy money fueled condo prices and in turn high-rise residential construction from coast to coast.

In downtown Miami, 22,200 condo units were built in the 2003-08 boom. Many sat empty as prices plunged 60%. Now, just five years after the crash, a new condo boom is underway in the Sun
... (more)


It's Official: The Top 40% of Income Earners Pay More Than 100% of Federal Income Taxes posted 12/12/2013, 1:59 AM (Randall Holcombe)
[Category: Economy]
The Congressional Budget Office has just published a study, The Distribution of Household Income and Federal Taxes, 2010, which shows that the top 40% of income earners paid 106.2% of total federal income taxes, while the bottom 40% paid -9.1%. This isn’t the study’s headline, so you have to dig a bit to get that information, but look at Table 3 on page 13 of the study to find that information.

The Table shows that the top 20% of income earners paid 92.9% of total income taxes
... (more)


Wednesday December 11th, 2013

Chase-ing Bitcoin: Is JPM Preparing To Unveil Its Own Electronic Currency? posted 12/11/2013, 2:14 AM (Zero Hedge)
[Category: Economy]
If you can't beat 'em, join 'em, copy 'em, and then beat 'em. While everyone's attention has been glued to Bitcoin (and its various smaller and less viable for now alternative digital currencies), JPMorgan has submitted a patent which appears to set the scene for a competing centralized network to Bitcoin.... (more)


St. Louis Church Ordered To Stop Handing Out Hot Meals To The Homeless posted 12/11/2013, 2:14 AM (ThinkProgress)
[Category: Economy]
On Sunday, a Missouri street church that serves hot meals to the homeless was honored with a front-page feature in the St. Louis Post-Dispatch. On Monday, city health department officials took notice and told the group to immediately cease handing out food.... (more)


Monday December 9th, 2013

37 Reasons Why "The Economic Recovery Of 2013" Is A Giant Lie posted 12/09/2013, 10:43 PM (The Economic Collapse)
[Category: Economy]
"If you repeat a lie often enough, people will believe it."  Sadly, that appears to be the approach that the Obama administration and the mainstream media are taking with the U.S. economy.  They seem to believe that if they just keep telling the American people over and over that things are getting better, eventually the American people will believe that it is actually true.  On Friday, it was announced that the unemployment rate had fallen to "7 percent", and the mainstream media responded ... (more)


Obamacare mandates are set to shutter THOUSANDS of volunteer fire departments posted 12/09/2013, 10:42 PM (The Daily Mail)
[Category: Economy]
Volunteer fire departments all across the U.S. could find themselves out of money and unable to operate unless Congress or the Obama Administration exempts them from the Affordable Care Act.... (more)


Bank of America report on Bitcoin... posted 12/09/2013, 10:41 PM (Cryptome.org)
[Category: Economy]
... (more)


Thursday December 5th, 2013

Congressman Pushes $27 Billion Tax Hike On Drivers posted 12/05/2013, 1:11 AM (TheNewspaper)
[Category: Economy]
The leading advocate of bicycling in the US Congress wants drivers to pay an extra $27 billion a year at the gas pump. US Representative Earl Blumenauer (D-Oregon) this morning will hold a press conference to unveil his legislative proposal to add 15 cents to the existing 18.4 cent tax on gasoline. The new revenue would be sent to the Highway Trust Fund to back a massive increase in spending on bicycle paths, light rail and related transit programs. In the long term, Blumenauer would like to rep... (more)


CNN Pundit Shrugs Off Obama's Lie: 'Every President Is Going to Lie to You' posted 12/05/2013, 1:10 AM (NewsBusters.org)
[Category: Economy]

On CNN Sunday evening, liberal ESPN columnist LZ Granderson justified the President's repeated lie about ObamaCare, claiming that Americans knew he did it for their own good.

"And, time and time again, Americans have said we can deal with the lies that President Obama tells us because we believe in his heart, he has the best interest for the American people,"
... (more)


Chief asks to be paid in Bitcoin, city approves posted 12/05/2013, 1:10 AM (The Hazard Herald)
[Category: Economy]
VICCO, Ky. — The city commission in Vicco approved a measure on Monday to begin paying the city's police chief in a virtual currency, a move officials say is likely the first of its kind in the nation.

Police Chief Tony Vaughn appeared before the commission last month to officially request that his salary be paid to him in Bitcoin, a new virtual currency which exists only on the Internet and this year has gained significant traction, with its value rising by the end of November t
... (more)


Wednesday December 4th, 2013

Bitcoin: Segway, Cigarette, or Gold Doubloon? posted 12/04/2013, 2:12 AM (Douglas French)
[Category: Economy]
The market has selected different things as money throughout history. Some of these items have served as money in isolated places for specific periods of time — for instance, cigarettes in prisoner-of-war camps. Cigarettes continue to be a currency in prisons if allowed, but if not, according to Wikipedia, “postage stamps have become a more common currency item, along with any inexpensive, popular item that has a round number price, such as 25 or 50 cents. Mylar foil packets of mackerel fish, or... (more)


Gold Drops Below Cash Cost, Approaches Marginal Production Costs posted 12/04/2013, 2:09 AM (Zero Hedge)
[Category: Economy]
As we showed back in April, the marginal cost of production of gold (90% percentile) in 2013 was estimated at between $1250 and $1300 including capex. Which means that as of a few days ago, gold is now trading well below not only the cash cost, but is rapidly approaching the marginal cash cost of $1125... ... (more)


There's a £60m Bitcoin heist going down right now, and you can watch in real-time posted 12/04/2013, 2:08 AM (The New Statesman)
[Category: Economy]
One of the largest heists in bitcoin history is happening right now. 96,000 bitcoins - that’s roughly £60m as of the time of writing - was taken from the accounts of customers, vendors and administrators of the Sheep Marketplace over the weekend.... (more)


Is Bitcoin Money: What Economists Have To Say posted 12/04/2013, 2:08 AM (EconPolicyJournal)
[Category: Economy]
As a follow up to my report that Hans Hermann Hoppe does not believe Bitcoin is money, EPJ reached out to a number of economists and others familiar with Bitcoin, to get their view on whether Bitcoin is money. We asked all to simply answer "yes" or "no", or to provide a short paragraph on Bitcoin. These are the responses we received (Note: All responses were provided before the shutdown of Silk Road).... (more)


Faber: 'We are in a massive speculative bubble' posted 12/04/2013, 2:08 AM (CNBC)
[Category: Economy]
Leave it to uber-bear Marc Faber to bring bad news on Black Friday.

Faber, editor and publisher of The Gloom, Boom & Doom Report, told CNBC on Friday he believes a “massive speculative bubble” has encroached on everything from stocks and bonds to bitcoin and farmland. He attributed the vast bubble to “symptoms of excess liquidity.”

Faber said the markets, which have reached record highs, could still rise before the bubble bursts, if stimulus programs such as the Fed
... (more)


Tuesday December 3rd, 2013

Ultimate Bitcoin Showdown: Schiff vs. Voorhees posted 12/03/2013, 12:59 AM (YouTube)
[Category: Economy]


Get Ready to Pay More Online: Supremes Refuse to Hear Internet Tax Case posted 12/03/2013, 12:58 AM (Infowars)
[Category: Economy]
In another blow to the Constitution, the Supreme Court on Monday declined to hear a case by Amazon and Overstock.com challenging a law that requires online retailers to collect sales tax in states where they have no physical presence. The Supreme Court refusal to hear the case will allow state governments to tax online retailers and turn online retailers into de facto tax collection agencies.

The Court had previously held that under the Commerce Clause (Article I, Section 8, Clau
... (more)


FTC Going After Music Teachers... posted 12/03/2013, 12:58 AM (Wall Street Journal)
[Category: Economy]
Teddy Roosevelt busted Standard Oil. The Obama administration? It's making the world safe from rapacious piano teachers.

Every month, it seems, brings a new story of this presidency leveling the intimidating powers of the federal government against some law-abiding citizen. Now comes a terrifying tale of how the Federal Trade Commission, a governmental Goliath, crushes an average David—because it can.

In March of this year, a small nonprofit in Cincinnati—the Music
... (more)


Ammo Price Surge Expected as EPA Regulations Close Lead Smelter posted 12/03/2013, 12:57 AM (Breitbart)
[Category: Economy]
Because of heightened EPA regulations, Doe Run Company's Herculaneum lead smelter in Herculaneum, Missouri—the last U.S. smelter of its kind—is closing its doors on December 31, 2013. ... (more)


Monday December 2nd, 2013

U.S. Ranks Third Lowest of Eleven Countries on Health Care Spending posted 12/02/2013, 12:25 AM (John R. Graham)
[Category: Economy]
Every year, scholars from the Commonwealth Fund report the results of a survey of eleven developed countries, which questions thousands of residents about their health costs and access to health care. The media invariably cherry pick the report to produce headlines like this: "We pay more, wait longer than other countries".

Perhaps there is not much point in getting worked up ab
... (more)


Peter Schiff Interviewed on London Real posted 12/02/2013, 12:25 AM (YouTube)
[Category: Economy]


Saturday November 30th, 2013

Bitcoins: The Second Biggest Ponzi Scheme in History posted 11/30/2013, 10:16 PM (Gary North)
[Category: Economy]
I hereby make a prediction: Bitcoins will go down in history as the most spectacular private Ponzi scheme in history. It will dwarf anything dreamed of by Bernard Madoff. (It will never rival Social Security, however.)

To explain my position, I must do two things. First, I will describe the economics of every Ponzi scheme. Second, I will explain the Austrian school of economics' theory of the origin of money. My analysis is strictly economic. As far as I know, it is a legal scheme
... (more)


The True Value of Bitcoin: What You Really Need To Know posted 11/30/2013, 10:16 PM (YouTube)
[Category: Economy]

Stefan Molyneux, MA, host of Freedomain Radio, brings over 15 years of software and business entrepreneurial experience to the question: What is the true value of Bitcoin?


Jeffrey Tucker - Laissez Faire and the Love of Life Itself posted 11/30/2013, 10:16 PM (YouTube)
[Category: Economy]

Jeffrey Tucker's morning keynote speech from the 2013 Students For Liberty New Orleans Regional Conference on the campus of Loyola.


Cayman Islands and Costa Rica agree to share bank account details with US posted 11/30/2013, 10:15 PM (The Guardian)
[Category: Economy]
The alleged tax havens have signed agreements with the United States to tell the IRS about funds held offshore by Americans.... (more)


Friday November 29th, 2013

Unemployed and Deployed in America posted 11/29/2013, 12:32 AM (The Dollar Vigilante)
[Category: Economy]
Unemployment will be a global tipping point in 2014, and America will tip as well. Europe is already panicking about the likelihood of young people rioting in the streets next summer. The 17-nation Eurozone is predicting severe riots due to soaring unemployment, especially among the young. In September, the Eurozone's general unemployment rate was 12.2%; the rate for young workers was 24.1%. According to the Organization for Economic Cooperation and Development, youth unemployment is nearly 60% ... (more)


The Bitcoin Parabola Continues: Up 10% In 12 Hours, Hits $1170 posted 11/29/2013, 12:32 AM (Zero Hedge)
[Category: Economy]
Despite the US being largely on holiday, the demand for digital currencies continues to surge. Bitcoin has rallied another 10% overnight as Chinese appetite for alternative stores of value remains unabated (BTC China is nearing its record highs) as USD/BTC is trading at $1170 - on its way to crossing the Maginot line of gold's spot price (within a few hours at this pace). Bitcoin though has nothing on its smaller cousin Litecoin which has now run from $1.11 to over $48 in the last 5 weeks. In fa... (more)

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SWAT Team Shoots Teen Girl & Her Dog During Pot Raid On Wrong Home - 07/25Cop Shoots Couple's Dog, Threatens Jail For Trying To Save Dog's Life - 07/28Cops Beat This Father of Three to the Point of Hospitalization. 'Oh Sorry Wrong Guy' - 07/28Illinois Cop Shoots Dog In Its Yard In Front Of 6-Year-Old Girl - 07/28A Kind Woman Stops to Rescue Ducklings on the Roadside, Cop Shows up, Writes Her a Ticket for It - 07/25Wisconsin Supreme Court Upholds Driving Away From Cop At Window - 07/25Cop Detains Family as They Rush Their 2-Year-Old Son to the Hospital for a Scorpion Sting - 07/25Pennsylvania Man Shot by Police During Warrant Service for Parking Tickets - 07/25

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
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