Gold & silver are finally seeing a significant pullback after a massive rally without any real corrections. Silver has fallen an astonishing 25%. Historically, the average correction in gold was around 15%, yet recently there has been so much demand I think the biggest recent correction was around 9%. The dollar index has rallied over the last month from ~74 to 7... (more)
[...] • The recent sharp falls in the dollar price of gold have led some to question its status as a refuge from problems elsewhere, especially now that the US currency is strengthening across the board. However, if (or when) there is a further escalation in the crisis in the euro-zone, gold prices are still likely to surge against the dollar too.
• The price of an ounce of gold has now fallen by more than $200 from the record nominal highs above $1,900 seen earlier in ... (more)
1. By radically flattening the yield curve in this Operation Twist program (where the Fed sells short-dated securities and buys maturities between six and 30 years), net interest margins in the banking sector will likely be negatively affected.
2. The dramatic decline in the 30-year bond yield is going to aggravate already-massively actuarially underfunded positions in pension funds
3. The Fed says it is going to extend this Operation Twist program through to June 2012. Th... (more)
Commodities fell to a nine-month low as silver, copper and nickel tumbled on deepening concern that policy makers are running out of tools to avert another global recession, hurting demand for metals, fuel and food. Gold fell below $1,700 an ounce in New York.
The Standard & Poor’s GSCI Index of 24 commodities fell as much as 2.2 percent, the most since Dec. 2, and was down 0.8 percent at 2:40 p.m. in London. The index is down 7.8 percent this week, the most since May 6. Sil... (more)
A man who rehabilitates hurt deer is stunned after armed government agents stormed his rehab center and executed his deer with 12-gauge shotguns.
"They sent a bunch of guys in with 12-gauge shotguns and started blasting. Deer were running everywhere. It was not a sight for anyone to see. They were judge and jury and convicted my deer today within a matte... (more)
Those raw milk proponents advocating "teach, teach, teach" may want to enroll Wisconsin Judge Patrick J. Fiedler in their first class--in the kindergarten section.
In response to a request from the Farm-to-Consumer Legal Defense Fund, the judge issued a clarification of his decision last week regarding his assessment of the constitutionality of food rights. The judge expanded on his original sta... (more)
"I hear all this, you know, 'Well, this is class warfare, this is whatever. No. There is nobody in this country who got rich on his own -- nobody," Elizabeth Warren (D-Massachusetts) said. Warren is running for the Democratic nomination for U.S. Senate in Massachusetts. Warren hopes to face off with Sen. Scott Brown (R-MA) in the general election.
... (more)
Of course she would believe this, she made all her money being a parasite leeching off other people through the state. The fact remains everyone engaged in voluntary trade makes their money despite the state, and historically the people who went west and built a fortune made all their money without any state at all. - Chris
Warren says "the rest of us" pay for services such as police, government schools, and firemen, but Schiff points out that it's business that not only pays the majority of those taxes, it employs the people who are also paying (at gunpoint, if necessary) those taxes.
Schiff also points out that wealthy business owners typically pay 40 to 50% of their wealth in ta... (more)
Elizabeth Warren became a hero of the left for her unrelenting pursuit of accountability and transparency with big banks and Wall Street firms that took billions of dollars in federal bailout money in 2008.
But when it comes to how her own bailout watchdog committee spent more than $10 million in taxpayer money, Warren has been a lot less forthcoming.
Warren, who is seeking the Democratic Senate nomination in Massachusetts to take on Republican Scott Brown, has yet ... (more)
The timing for this article to come out couldn't have been better. - Chris
A government’s laws direct all those within its jurisdiction. They go further. They presume to "speak" for those under control: to say what is right and wrong, to say that this is what you shall do and shall not do, and to say what you may do and what you may not do. Still more, they say that this is what will be taken from you and what will be given to you.
Law-making is a great power, and we can expect that those in government are going to use it to advance ... (more)
When Julie Veilleux discovered she was American, she went to the nearest US embassy to renounce her citizenship. Having lived in Canada since she was a young child, the 48-year-old had no idea she carried the burden of dual citizenship. But the renunciation will not clear away the past ten years of penalties with the Internal Revenue Service (IRS).[1]
Born to American parents living in Canada, Kerry Knoll's two teenaged daughters had no clue they became dual citizens at birth.... (more)
It’s been quite a day I’m afraid, but let’s start with the 30 reports of police misconduct tracked in our National Police Misconduct News Feed for this Wednesday, September 21, 2011:
2 Fullerton CA police officers have been charged for their roles in the beating death of Kelly Thomas in Jul
Obama proclaims Solyndra is the "future" and praises all the "entrepreneurial" (aka subsidized) "green jobs" the government created through fascist/socialist wealth distribution. He says "the true engine of economic growth" is government subsidized companies "like Solyndra."
The company is now bankrupt and being investigated for fraud, turns out Obama... (more)
The bankruptcy filing of a solar energy company might not ordinarily make for the most tantalizing of headlines. When it follows, however, a $535 million loan guarantee from the federal government, and prompts a congressional investigation, it's news.
The Red and Blue teams, both eager to appear as vindicating the taxpayer, have hastily seized upon Solyndra's bankruptcy and begun their pathological blame-game exercise. Republicans, for their part, have accused the White House of n... (more)
For more than a year, federal authorities pursued a man they called simply "the Hacker." Only after using a little known cellphone-tracking device—a stingray—were they able to zero in on a California home and make the arrest.
Stingrays are designed to locate a mobile phone even when it's not being used to make a call. The Federal Bureau of Investigation considers the devices to be so critical that it has a policy of deleting the data gathered in their use, mainly to ke... (more)
With no solution in sight for Europe and new fears of a global recession, investors dumped stocks and commodities and ran to the safety of U.S. Treasurys.
Treasury yields , as a result, slipped to historic lowswith the 10-year yielding 1.75 percent and the 30-year at 2.86 percent.
The dollar was also a beneficiary of a massive fear trade that sent U.S. stocks sharply lower, on th... (more)
Troy Davis, despite the state acknowledging the possibility of his innocence, was just murdered in an utterly grotesque show of raw state power. Armed stormtroopers in full riot gear guarded the jail where the execution took place, protecting their criminal overlords from a furious public begging for justice. Shame on anyone who supports anything this criminal government does. These gangsters are not here to "protect us," but to rul... (more)
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