Deja Vu…All Over Again!

News hit the wires over the weekend that the Republic of Cyprus would begin stealing money from depositors in order to resurrect confidence in its flailing banking system. They want to avoid a crisis, in other words, by creating exactly the kind of uncertainty in which crises thrive.

“More likely,” observes Laissez Faire Books’ Jeffrey Tucker, “the plan to tax all Cyprian bank deposits 6.75-10% will trigger one. Or maybe just the talk of it already has. We can’t know for sure, because the government of Cyprus has declared a banking ‘holiday,’ a term that means that the robbers take a vacation from being held accountable for their actions.

[Read more...]



Click for detailed story

None Dare Call It Theft

The euro elites don’t call it theft or robbery or even a tax, much less an outright default by the banks of Cyprus. They are calling it a “stability levy,” a plan that could lead not to stability, but a domino-style collapse of the banking system in Europe.

True to the nature of government propaganda, the Cypriot head of state, Nicos Anastasiades, says this “stability levy” is necessary to forestall “a complete collapse of the banking sector.” It’s the same kind of language we heard in the fall of 2008 — an intimidation tactic used to shove through TARP and unending bailouts.

[Read more...]



Click for detailed story

4 New Bills From the Political Elite in the Land of the Free

It’s a pretty sad state of affairs in the Land of the Free when they have to pass a law making it illegal for the government to assassinate its own citizens.

Yet that’s exactly what’s happening.

Late last week, U.S. Sen. Ted Cruz introduced Senate bill S.505, “a bill to prohibit the use of drones to kill citizens of the United States within the United States.”

[Read more...]



Click for detailed story

Death-by-Drone.gov

Poor Rand Paul. He seems like a decent enough fellow, the kind who might stand when a lady joins the table…or sit when a CIA director enters the room. What’s he doing getting mixed up with that seedy D.C. mafia they call Congress? His father might have at least warned him.

Nevertheless, the Kentucky senator has been all over the news this week. Social media feeds lit up Wednesday with messages of support for the man many see as the Libertarian Party’s next champion. The hashtag #StandWithRand flashed throughout the Twittersphere. Catchy Rand memes swept across Facebook networks.

[Read more...]



Click for detailed story

Rand Paul’s Drone-a-Thon

Senator Rand Paul conducted a 13-hour filibuster yesterday that finally ended at a little before 1:00 a.m. this morning.

Are you still awake?

Usually, the mere mention of the word “filibuster” induces narcolepsy…and why not? A filibuster is explicitly about doing nothing for as long as possible. Webster’s defines it as, “The use of extreme dilatory tactics in an attempt to delay or prevent action, especially in a legislative assembly.”

[Read more...]



Click for detailed story

Laws Tie Moving Companies in Red Tape

In 2004, Maurice Underwood was just a man with a van.

When he made the decision to start his own moving company, Underwood was running an established small business in Reno, Nev., providing home cleaning services. A moving business was a natural next step, he thought, after he noticed several of his clients inquiring about moving services.

[Read more...]



Click for detailed story

The Case of the 5-Year Old Bubble Gun Terrorist

A few weeks ago in the Land of the Free, a five-year-old girl in Pennsylvania was labeled a terrorist threat.

Fortunately for the citizens of Northumberland County, local authorities managed to detain this nefarious kindergartener before she could exact her villainous deeds on thousands of innocents.

[Read more...]



Click for detailed story

National Security and Your Digital Data

One of the most dangerous threats to liberty and privacy today is called the “Cyber Intelligence Sharing and Protection Act,” or CISPA. The activists slayed this monster last year. Or so it seemed. But of course, the beast didn’t die.

Some powerful members of Congress are pushing it again.

[Read more...]



Click for detailed story

To Drone, or Not to Drone?

Decent folk don’t need Dick Cheney to describe something as “a good policy” to know it’s probably a bad idea. But just in case they missed the point the first time around, the former VP was on television last week to hammer it home for them.

In an interview with CBS This Morning, Cheney brushed aside calls for “checks and balances” against the Obama administration’s controversial drone program.

[Read more...]



Click for detailed story

Budget Cuts in the Irrational Financial System

Gold down another $5 on Friday. Are you tempted to get out of gold now…and get back in, after the dip bottoms out?

Forget it.

The advantage of investing family money rather than personal money is that you have time on your side. You can sit tight and let the big trends make you big money… If you can get them right.

[Read more...]



Click for detailed story