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Austrian Economics: Understand Economics, Understand the World
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 4 Friday January 30th, 2015

Tuesday April 1st, 2014
Cleveland Clinic CEO: Three-Quarters Of Americans Who Signed Up For Obamacare Now Have Higher Premiums posted 04/01/2014, 11:01 PM (CBS Cleveland)
[Category: Economy]
CLEVELAND (CBS Cleveland/AP) — The CEO of the Cleveland Clinic says that a majority of Americans who signed up for Obamacare have seen their premiums rise.

“About three-quarters of them find that their premiums are higher than they had been previously with other insurance,” Toby Cosgrove told Fox News.
... (more)

A Closer Look at Income Inequality posted 04/01/2014, 1:29 AM (Mises Institute)
[Category: Economy]
Economic inequality is the big thing these days. Barack Obama has called it the “defining challenge of our time” and the number of books being published on the subject could fill a small library. Of particular note is a survey by Michael Norton and Dan Ariely of 5,000 Americans asking what they thought wealth inequality should be compared to what it actually is. ... (more)

Mark Faber: The Old World Order Is Over posted 04/01/2014, 1:28 AM (Zero Hedge)
[Category: Economy]
In the gilded ballroom of Hyatt’s Savoy ballroom, World War D‘s opening speaker Dr Mark Faber delivered a blunt message: the old world order is over.... (more)

Monday March 31st, 2014

Organic winemaker faces 6 months in prison and €30,000 fine for not using pesticide posted 03/31/2014, 12:14 AM (The Ecologist)
[Category: Economy]
An organic farmer in France's Cote d'Or has been prosecuted for refusing to spray insecticide on his vineyard - and is anxiously awaiting the verdict, due on 7th April. He faces 6 months in prison and a €30,000 fine.... (more)

Maryland to reportedly abandon $125M ObamaCare exchange for new system posted 03/31/2014, 12:14 AM (Fox News)
[Category: Economy]
With just days to go before open enrollment ends on March 31, Maryland officials are reportedly planning to abandon its glitch-ridden ObamaCare website and replace the health exchange with technology from Connecticut’s marketplace.... (more)

Friday March 28th, 2014

Census office survey scandal grows as inflation stats faked posted 03/28/2014, 8:18 AM (New York Post)
[Category: Economy]
The Census Bureau’s Philadelphia office wasn’t just corrupting the nation’s unemployment rate by fabricating data. It was also filing false information about inflation in this country.

Just how large an effect this fraud was having on the Consumer Price Index (CPI) — and consequently the cost of living adjustments for Social Security recipients and others — is not yet known.
... (more)

Thursday March 27th, 2014

Is College A Waste Of Time And Money? posted 03/27/2014, 5:05 PM (The Economic Collapse)
[Category: Economy]
Are you thinking of going to college?  If so, please consider that decision very carefully.  You probably have lots of people telling you that an "education" is the key to your future and that you will never be able to get a "good job" unless you go to college.  And it is true that those that go to college do earn more on average than those that do not.  However, there is also a downside.  At most U.S. colleges, the quality of the education that you will receive is a joke, the goal of most colle... (more)

IRS slams Bitcoin millionaires with new tax rules... Is gold next? posted 03/27/2014, 5:04 PM (Sovereign Man)
[Category: Economy]
Bitcoin tax rules finally came to the Land of the Free yesterday. And I have to imagine there are some not-too-happy campers this morning, if they even know about it.... (more)

Wednesday March 26th, 2014

Austrians and the Private-Property Society: An Interview with Hans-Hermann Hoppe posted 03/26/2014, 3:05 PM (Mises Institute)
[Category: Economy]
Hans-Hermann Hoppe, a senior fellow of the Ludwig von Mises Institute, is professor of economics at the University of Nevada, Las Vegas, where he taught with Murray N. Rothbard from 1985 to 1995. He is the author of Handln und Erkennen (1976), Kritik deer Kausalwissenschaftlichen Sozialforschung(1983), Eigentum, Anarchie, und Staat (1987), A Theory of Socialism and Capitalism (1989), and The Economics and Ethics of Private Property (1993), as well as many articles in the former Revie... (more)

We Do Not Live in a Post-Scarcity World posted 03/26/2014, 3:05 PM (William L. Anderson)
[Category: Economy]
Jeremy Rifkin long has perfected the art of adding two and two and getting five. In the 1980s, he claimed that entropy made it impossible for a free economy to exist, and therefore Rifkin concluded the state needed to plan and run things. How the state would triumph over the second law of thermodynamics is anyone's guess. He later declared that a new "hydrogen economy" was just around the corner -- government just needed to engage in central planning and order hydrogen to be our new fuel of choi... (more)

Tuesday March 25th, 2014

A List Of 97 Taxes Americans Pay Every Year posted 03/25/2014, 3:08 PM (The Economic Collapse)
[Category: Economy]
If you are like most Americans, paying taxes is one of your pet peeves.  The deadline to file your federal taxes is coming up, and this year Americans will spend more than 7 billion hours preparing their taxes and will hand over more than four trillion dollars to federal, state and local governments.  Americans will fork over nearly 30 percent of what they earn to pay their income taxes, but tha... (more)

The federal 'structuring' laws are smurfin' ridiculous posted 03/25/2014, 3:00 PM (Washington Post)
[Category: Economy]
It seems appropriate that the crime of structuring is also sometimes called smurfing. Generally speaking, structuring is the act of breaking up financial transactions to get around the federal reporting requirements that kick in for transactions over a specific amount of money. The alternate term smurfing is a reference to the children’s cartoon in which a large entity (the Smurf Village) is made up of several smaller ones (the Smurfs themselves).

But if you grew up on the cartoon
... (more)

Government "Services" Explained In Under 30 Seconds posted 03/25/2014, 3:00 PM (InformationLiberation)
[Category: Economy]

The box contained a brand new hard drive.

Wednesday March 19th, 2014

Wages Are Like Love posted 03/19/2014, 1:55 PM (The Freeman)
[Category: Economy]
All this talk about raising the minimum wage has very little to do with reality. Raising it will not create a single job—if you aren’t earning a wage, making yourself more expensive is not going gain you a job—and will not likely cause anyone’s wages to rise. It’s hard to find anyone who is actually willing to contradict those claims, because they stem from basic price theory: Less of the same good will be purchased at a higher price than a lower price.... (more)

Monday March 17th, 2014

Wyoming welder faces $75,000 a day in EPA fines for building pond on his property posted 03/17/2014, 5:23 AM (Fox News)
[Category: Economy]
All Andy Johnson wanted to do was build a stock pond on his sprawling eight-acre Wyoming farm. He and his wife Katie spent hours constructing it, filling it with crystal-clear water, and bringing in brook and brown trout, ducks and geese. It was a place where his horses could drink and graze, and a private playground for his three children.

But instead of enjoying the fruits of his labor, the Wyoming welder says he was harangued by the federal government, stuck in what he calls a
... (more)

The Truth About Banking, Busts and Bailouts posted 03/17/2014, 5:22 AM (YouTube)
[Category: Economy]

It took 150 years to blow up the banking sector - a brief history of a slow detonation.

Thursday March 13th, 2014

ObamaCare's Secret Mandate Exemption posted 03/13/2014, 7:51 AM (Wall Street Journal)
[Category: Economy]
HHS quietly repeals the individual purchase rule for two more years.... (more)

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)

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Man Follows Speeding Cop, Finds Out He Was Speeding To Buy PeanutsMission Creeps: Homeland Security Agents Confiscate Women's Panties For 'Copyright Infringement'Cop Shoots Couple's Dog, Threatens Jail For Trying To Save Dog's LifeSWAT Team Shoots Teen Girl & Her Dog During Pot Raid On Wrong HomeDurham, NC Cop Testifies Faking 911 Calls To Enter Homes Is "Official Policy"Indiana Sheriff Says US A "War Zone" To Justify New MRAP Military VehicleTampa Cops Surveil Pot Dealer, Catch Him Selling Pot, Raid His Home & Kill Him"You Just Shot An Unarmed Man!": Witness Says Police Shot His Friend With His Hands UpCop Receives 'Silver Valor Award' For Shooting Man With Cell Phone He Mistook For GunAnonymous Cop Pens Bizarre Editorial Calling for 'End of Anonymity on the Internet,' Says All Internet Posters Should be Forced to Register with the Government for 'Public Safety'