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Economics
Gold Hits All-time High
Yeah, statists criticized us libertarians because we suggested people get gold as a hedge against inflation.
http://www.bloomberg.com/news/2010-09-14/yen-rises-to-15-year-high-on-sp...
Gold may moderate a bit in the next quarter, but then, the real price increased of goods will be seen, thanks to the inflation the feds have pushed for years, and the gold prices will skyrocket. Silver is also a good investment, even now. In two years, their prices will be much, much higher.
Fed Court Rules Against PA Town's Fines For Hiring "Illegals"
Yeah, there's this nagging little thing called the "Contract Clause"? It's nutty! It prohibits any town or state government from interfering in private contract.
Wouldn't it be great if the proscription were actually applied more often?
Wouldn't it be great if there were NO gubment to interfere at all?
Take a look at the story!
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Fidel Castro Says The Cuban Economic System Doesn't Work Anymore
Anymore?
How about, since it's bloody application?
What gives, Fidel? Getting buyers remorse almost sixty years later?
http://news.yahoo.com/s/ap/20100908/ap_on_re_la_am_ca/cb_cuba_fidel_cast...
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30 yr US Treasury Bond Sales Stink
People might finally be waking up to the reality that the US is monetizing the debt and will pay back with worthless money. Get gold. ASAP.
http://www.cnbc.com/id/39075951
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More FDR-Like Unconstitutional Make-Fake-Work Programs
These guys never seem to learn that taking money away from individuals to choose how they would like to spend it means that such a move is an AUTOMATIC loss in productivity, and hence, negative for real economic growth. Add to it the fact that this is money that is coming by way of taxing AND borrowing from future taxpayers, and you have yourself the enslavement of your kids.
Nice, huh?
http://apnews.myway.com/article/20100906/D9I2DUV01.html
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German Court Rules Against Youtube re Copyright
Again, the unresolved problem of government and IP management comes to the fore. Check out our audio library for a great series of shows on this topic!
http://news.yahoo.com/s/ap/20100903/ap_on_hi_te/eu_germany_youtube_1
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Bernanke's Scary New Powers
Just take a look at this piece. Deapite the nonsense spouted about how much "faith" people have in Bernanke (um, he had the smallest margin of support for any fed chair EVER), the piece DOES cover all the new ways in which Bernanke can manipulate and mess with the market. Not good.
And not much different than early Nazi Germany.
http://www.bloomberg.com/news/2010-09-02/bernanke-meets-buffett-in-new-role-conceived-to-protect-markets.html
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Unemployment RISES, NBC Paints It As POSITIVE
They say that employers HIRED X, but they GOT RID of X+Y!
Incredible. But then again, what should one expect? The major nets have always been driven by the political prejudices of those working at them. Any pretense to "objective" journalism is a sham. After all, the people who work at the networks and major news agencies are PEOPLE, and are incapable of being "objective". We are all subjective creatures.
If viewers and readers would stop imagining that the news people were somehow blessed with oracle-like wisdom, we'd all be a lot better off.
http://www.msnbc.msn.com/id/38988367/ns/business-eye_on_the_economy
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Wanna read Some Socialist Silliness? Read This Piece on "Obesity" and "Structural Violence"
The federal gubment is ready to impose requirements on fast food restaurant owners to force them to post calorie content in all their establishments. How anyone can justify employing the force of government to tell anyone how they run a restaurant where customers VOLUNTARILY enter the place, and are free to turn to competitors or make their own meals, is beyond comprehension. But it's happening.
http://www.npr.org/blogs/health/2010/08/25/129420833/get-ready-for-calor...
But wait... Someone DOES try to justify it! Read this amazing piece of drivel from Arizona, and note the wwriter's masters degree mentioned in the bio!
http://tucsoncitizen.com/tc-guest-blog/2010/08/18/america%E2%80%99s-obes...
Homebuyer Tax Credit Branded a Scam
No kidding. Manipulation of behavior and manipulation of the economy. Just two of the many activities of government that make for economic trouble.
http://www.thefreemanonline.org/in-brief/homebuyer-tax-credit-branded-a-scam/
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Amazing Article on Steig Larsson's Girlfriend, State Marriages, and Inheritance!
Eva is probably not opposed to the state in general, yet all of the problems she describes have at their root regulations imposed on free people who might want to get married, and assumptions made by people about the benefits state-sanctioned marriage provides. The Larsson family's reluctance to include her in any inheritance is terribly problematic, but none of these troubles would exist in a stateless society that had at its core no regulations about marriage, and which prompted couples in love to take care of their assests through private arrangements and arbiters.
A fascinating and troubling story about the author of "The Girl with the Dragon Tattoo"...
A True Shock: Cong. Frank Now Opposes Future for Fannie and Freddie?
And in his statement to Lawrence Kudlow, he actually admits (although in soft terms) that it was a mistake to get all sorts of people owning homes when they COULDN'T AFFORD THEM!
Woah!
http://biggovernment.com/lkudlow/2010/08/21/fannie-and-freddie-barney-fr...
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Fed Tried to Keep AIG Bailout Info Hidden Under "National Security" Protections?!
Incredible. But remember, the Obama Administration and the Bush Administration are working for YOU!
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The Unconstitutional, Anti-Economic Fed Mortgage Bailout Program Is Failing Worse Than Thought!
... Unless you are a free market economist. In that case, you predicted it.
Check out how not only are the recipients of the aid defaulting again (see a previous post), but the government can't even manage the system properly.
What a surprise!
http://www.breitbart.com/article.php?id=D9HNEND00&show_article=1
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Student Loan Debt Surpasses Credit Card Debt
And what entity holds 96% of all the loan IOUs? Yeah, you got it, the federal gubment! Nice! We'll talk about this and how government intervention in the college marketplace has caused price increases and artificial demand for college educations that have screwed up "college", so check out an upcoming audio!
http://www.nj.com/business/index.ssf/2010/08/rising_college_loans_exceed_cr.html
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SHOCK! Number of Defaulting Fed Mortgage Aid Recipients is BIGGER Than Expected!
Strange, how the government changing the rules for these people who couldn't afford homes in the first place hasn't seen them improve their situations. One might think that, perhaps, their homes are WAY over-valued, and need forclosures to occur to lower the prices, and that the government should stop messing with how the market naturally deals with the bogus bubble of government-inspired housing demand.
But hey, we're just people who believe in FREEDOM, God forbid anyone actually not be screwed with in the housing industry or any other endeavor! We need the nanny state to fix things for us, like... they... um... haven't done in the housing field.
Portions of AZ Anti-Immigrant Law Ruled Unconstitutional
It's strange to hear so-called "conservatives" try to overlook the clear provision in the US Constitution that requires all searches MUST be supported by WARRANTS. Thus, a police officer cannot compel you to show ID without first obtaining a warrant.
http://www.reuters.com/article/idUSTRE66R45C20100728
The provision in the AZ law that requires residents to have the "proper ID' to obtain a legal job is also unconstitutional, because it violates the "Contract Clause", which prohibits all states from interfering in private contract.
"Hope n Change" Obama Admin Sets Record for Fines and Deportation of Immigrants
Combine fears over terrorism with the "drug war" and dislike of "illegal" immigrants, and what do you get?
The United Police States of America.
http://www.washingtonpost.com/wp-dyn/content/article/2010/07/25/AR201007...
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White House Backs Senate Bill to Further Invade Employee Privacy
Ostensibly, it's to "better enforce" anti-pay-discrimination laws. But if people believe they are being paid unfairly, they can already bring suit under those unconstitutional laws. (This is not something the Feds are supposed to handle, based on the original writing of the constitution, and it is something no government should handle. The market and the rights of the property owners -- the employer, employee and consumer -- are the only factors that should have any say in these situations.)
http://cnsnews.com/news/article/69746
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The Gold Coin and Precious Metals Tax in Health Fascism Bill
Nice, huh?
http://abcnews.go.com/Business/gold-coin-dealers-decry-tax-law/story?id=...
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