August 19th, 2011

Tomgram: David Bromwich, George W. Obama?

Tomgram | David Bromwich

Those first acts of that first shining full day in the Oval Office are now so forgotten, but on January 21, 2009, among other things, Barack Obama promised to return America to “the high moral ground,” and then signed a straightforward executive order “requiring that the Guantanamo Bay detention facility be closed within a year.” It was an open-and-shut case, so to speak, part of what CNN called “a clean break from the Bush administration.” On that same day, as part of that same break, the president signed an executive order and two presidential memoranda hailing a “new era of openness,” of sunshine and transparency in government. As the president put it, “Every agency and department should know that this administration stands on the side not of those who seek to withhold information, but those who seek to make it known.”

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Are You Authorized to Defend Yourself?

Mises Daily | Wendy McElroy

What will you do if rioting sweeps US cities as it did British ones last week?

Vigilantism is defined as “Taking the law into one’s own hands and attempting to effect justice according to one’s own understanding of right and wrong.” Typically, it occurs when traditional law enforcement is absent, ineffective, or corrupt. When exercised in defense of person and property, vigilantism is the direct expression of an individual’s right to protect himself or innocent others against aggression. It is also defined as “action taken by a voluntary association of persons who organize themselves for the purpose of protecting a common interest.”

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Dennis Kucinich: Constitutional scholar Obama ignoring the Constitution

Raw Story | Eric W. Dolan

Appearing Wednesday on Fox Business, Congressman Dennis Kucinich (D-OH) said the the Congress was “catching up” to President Barack Obama on the issue of the conflict in Libya.

“The Constitution makes it manifestly clear that only Congress has the power to send our young men and women into war,” Kucinich said. “Unfortunately this administration, even though it is headed by a constitutional scholar, now is ignoring the Constitution.”

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You’re Appointing Who? Please Obama, Say It’s Not So!

Institute for Responsible Technology | Jeffrey Smith

The person who may be responsible for more food-related illness and death than anyone in history has just been made the US food safety czar. This is no joke.

arguments related to food safety. No, he was going to do what corporations had done for decades to get past these types of pesky concerns. He was going to lie.

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Think gold may lose some lustre? Eric Sprott sees a silver lining

The Globe and Mail | tim kiladze

Eric Sprott, the perennial gold enthusiast, has his sights set on a new precious metal.

Mr. Sprott’s charitable organization, The Sprott Foundation, is selling two million units of its gold holdings and using the money to buy silver.

The move comes as gold veers close to $1,800 (U.S.) per ounce, and less than a week after Mr. Sprott had declared the metal “the investment of the last decade” in an interview with GoldMoney Foundation. “I think silver is going to be the investment of this decade.”

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Chavez Launches War Against US Dollar

The Daily Bell |

Dominant Social Theme: The government knows best how to manage the money supply; Chavez will lead the way.

Free-Market Analysis: Whoa! Hold the US dollar horses, folks… the global reserve currency game just got a whole lot more interesting. There is, in our humble opinion, a whole lot more to this story than just the repatriation of gold being held at foreign central and commercial banks. It is perhaps the biggest story to unfold in the currency markets in many years.

One thing everyone with an inkling of monetary knowledge is familiar with is that central banks’ monopoly over the issuance of fiat currency is a destructive process of wealth redistribution – ultimately enslaving nations under a perpetual sea of debt. International money power ends up controlling the targeted nations’ media, government (including the courts) and, via mercantilist corporate activities, its natural resources and productive capacity.

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Social Degeneration: Part 3

TownHall.com | Thomas Sowell

The orgies of violent attacks against strangers on the streets — in both England and the United States — are not necessarily just passing episodes. They should be wake-up calls, warning of the continuing degeneration of Western society.

As British doctor and author Theodore Dalrymple said, long before these riots broke out, “the good are afraid of the bad and the bad are afraid of nothing.”

Not only the trends over the years leading up to these riots but also the squeamish responses to them by officials — on both sides of the Atlantic — reveal the moral dry rot that has spread deep into Western societies.

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A Young Man’s Guide to Understanding Retirement Accounts: IRAs

The Art of Manliness | Brett & Kate McKay

Today we continue our two-part series on understanding retirement accounts. Last time we took a look at employer-sponsored retirement accounts like 401(k)’s and 403b’s. Today we’ll be discussing retirement accounts that you can open up on your own without the need for an employer–the Individual Retirement Account or IRA.

Let’s get started.
What Is an IRA?

An IRA is simply an account that you can shelter your retirement in to help you save on taxes. It’s super easy to open an IRA. You just need taxable income and to complete a little paperwork. You can open up an IRA at most banks or investment firms.

After you open an IRA, you can fund it with any type of investment you want–stocks, mutual funds, bonds, or index funds. I have an IRA with Vanguard and use a simple index fund to fund it.

Note: What follows is based on the tax laws governing IRAs in 2011. They’ve changed before and will change again. Check out the IRS’ page on IRAs to stay up to date on IRA rules.

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S&P and the Bilderbergers: All Part of the Plan?

Web of Debt Blog | Ellen Brown

What just happened in the stock market? Last week, the Dow Jones Industrial Average rose or fell by at least 400 points for four straight days, a stock market first.

The worst drop was on Monday, 8-8-11, when the Dow plunged 624 points. Monday was the first day of trading after US Treasury bonds were downgraded from AAA to AA+ by Standard and Poor’s.

But the roller coaster actually began on Tuesday, 8-2-11, the day after the last-minute deal to raise the U.S. debt ceiling — a deal that was supposed to avoid the downgrade that happened anyway five days later. The Dow changed directions for eight consecutive trading sessions after that, another first.

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But America IS A Police State

Lew Rockwell.com | Steven Greenhut

Six Fullerton cops, responding to a phone call alleging that someone in the downtown area might be breaking into cars, approached a 130-pound homeless man named Kelly Thomas, grabbed his backpack and, according to eyewitnesses, began Tasering him and beating him into a pulp. He died a few days later at a local hospital.

According to eyewitnesses, Thomas, although schizophrenic, did nothing to warrant arrest, let alone a savage beating. He was a local fixture around the bar scene, a gentle figure who bummed cigarettes and slept in the park. Videos made by bystanders showed pure aggression on the part of the cops, while locals expressed horror and Thomas cried out for his dad as he was being beaten.

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Don’t Swallow the Fed’s $16 Trillion Dollar Suicide Pill

RadioFreeMarket.com |By Michael McKay

In case you missed it, on July 21st 2011 the U.S. Government Accountability Office (GAO) released a 266 page partial audit of the Federal Reserve (FED).

Here is the punch line: The Federal Reserve secretly kept the Phony-Fiat-Money-System afloat by “lending” out $16 Trillion Dollars to various corporations and banks, many of which were foreign, non-U.S. entities like The Bank of Scotland, UBS (Switzerland), Deutche Bank (Germany) and Societe Generale SA (France) between December 1, 2007 through July 21, 2010 (read this as: Created-Out-Of-Thin-Air and had refused to tell us). The details are on page 133 which you can read here.

How big is $16 Trillion Dollars? Well, to get a basic idea please review this excellent presentation. Here are some other ways to try to get your head around this astounding number:

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