August 26, 2011

FBI Organizes Almost All Terror Plots in the US

Lew | Russia Today

The Federal Bureau of Investigation employs upwards of 15,000 undercover agents today, ten times what they had on the roster back in 1975.

If you think that’s a few spies too many – spies earning as much as $100,000 per assignment – one doesn’t have to go too deep into their track record to see their accomplishments. Those agents are responsible for an overwhelming amount of terrorist stings that have stopped major domestic catastrophes in the vein of 9/11 from happening on American soil.

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Gold and Interest Rates: More than Joined at the Hip | Rob Kirby

Interest rates to remain at zero for the next two years.” Those were the words of Fed Chair – Sir Benjamin of Bernanke last week. With inflation beginning to pick-up – the notion that rates would remain at zero for a prolonged period of time seems “paradoxical” to conventional economic thought. There have been other misunderstood ‘paradoxes’ in economics in modern times. Here’s how Wikipedia explains the relevance of this famous benchmark in economics:

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Creepy Crawly Preparedness

Preparedness Pro | Kellene Bishop

Generally speaking, insects, mice, and other pests and vermin are enemies of our self-reliance. While there are many gidgets and gadgets today to help rid our lives of these nuisances, we really do need to look at addressing such problems without the presumption that we’ll have the luxury of such comfortable tools in the future. I would suggest specifically being capable of handling mice, rats, spiders, ants, excess flies, bed bugs, crickets, and mosquitoes, etc. as these intruders can compromise the viability of even the best self-reliance efforts.

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Green Light More Education Tax Credits

Commonwealth Foundation | MATTHEW BROUILLETTE

Would you ever give a green light or a hard-earned nickel to a business model that showed it was going to hire more staff to service fewer customers by doubling the cost of production while keeping the quality substandard and worse than the global competition? Of course not, but that is exactly the model Pennsylvanians invested in through the public education system in the last decade.

Pennsylvania public school spending has rapidly increased despite declining enrollment, with little growth in academic achievement to show for it. Since 2000, public school spending rose 68 percent, from $15.3 billion to $25.8 billion in 2009-10. Over that time, enrollment in Pennsylvania public schools declined by 26,960 students, while schools have hired an additional 32,937 employees.

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Marc Faber: don’t store your gold in the United States

Sovereign Man | Simon Black

As usual, the CNBC hosts were completely dumbfounded.

Phoning in from Sao Paulo, Brazil, investment guru Marc Faber was a guest on CNBC last week, once again telling the unvarnished truth about the state of the world economy and bankrupt western nations.

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10 Major Conservative Voices Saying Great Things about Ron Paul

The Humble Libertarian | : W. E. Messamore

on’t think Ron Paul is conservative enough? Or that he can capture the imagination and support of the conservative mainstream? Just listen to what some of these major conservative voices have had to say about Ron Paul:

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On the Brink of Inflationary Disaster

Daily Mises | Bob Murphy

Ever since Ben Bernanke began his massive infusions of money into the financial system, many analysts (including me) have been worried about the severe weakening of the dollar if and when the fractional-reserve-banking system magnified the initial injections severalfold.

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Your Portfolio of Lies

Lew | Gary North

Years ago, I bought a domain name:

I did this because I have long been aware of a crisis that will face tens of millions of Americans. They will not be able to afford to retire.

Every Western government has lied to its citizens, All have promised to provide an old age safety net. These promises will soon be broken.

Americans have long accepted these promises at face value. They have not applied a discount for the high risk of a government default on its IOUs. They have also not applied a discount for price inflation to compensate them for a politically inevitable policy.

Yet they are becoming vaguely aware that the government will in some way wiggle out of its obligations. Anyway, they say they think this. But they take no practical steps to hedge their portfolio of lies.

This is why I conclude that there is enormous self-deception in all adult age groups in the United States regarding the prospects of retirement. This self-deception is so comprehensive and so widespread that I have doubts about people’s ability to make assessments and then make decisions that are consistent with their assessments.

The financial media are beginning to publish articles about how millions of Americans will not be able to afford to retire. Americans have not saved enough money, we are told. This is accurate.

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5 things the media isn’t telling you about human activity and earthquakes

Raw Story | Nora Eisenberg

Shortly before midnight Mountain Time on August 23, the largest earthquake in Colorado in more than a century, with a magnitude of 5.3, sent tremors as far away as Kansas. Some twelve hours later, a magnitude 5.8 earthquake centered in Northern Virginia sent shock waves as far away as Toronto. The local damage in each event did not appear extensive, though structural effects, on bridges, tunnels, nuclear power plants and more are yet to be determined.

Through the afternoon and evening of August 23rd, the national media uncovered the big story of the East Coast quake: where their colleagues posted in New York or Washington were and what they thought when they felt a bump, sway, rumble or funny feeling.

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Technology Keeping Internet Freedom Ahead of Censorship

New American | Bob Adelmann

Efforts by the Federal Communication Commission (FCC) to regulate the Internet may become irrelevant if the new technology being developed succeeds as expected. When the U.S. Court of Appeals for the District of Columbia ruled against the FCC last December, the FCC rewrote its rules to allow them to regulate the Internet anyway through the whitewash called “net neutrality.” Verizon immediately filed suit to overrule the new attempt, and a House subcommittee in March voted to invalidate the actions of the FCC. But the new rules remain in place until the issue is decided.

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Berkshire Hathaway Invests $5 Billion in Bank of America

CNBC | By: Reuters

arren Buffett’s Berkshire Hathaway will invest $5 billion in Bank of America, stepping in to shore up the company in the same way he helped prop up Goldman Sachs during the financial crisis.

Bank of America [BAC 7.69 0.70 (+10.01%) ] shares jumped to trade at $8.80 in Thursday trading before dropping later in the day. Shares were trading at $7.73 by early afternoon.

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