Archive for June, 2009

Asking Prayers for Cynthia and Co-Workers

Cynthia McKinney Reportedly Taken Captive By Israeli Navy
Greenpartywatch.org (30 Jun 09)

“The latest from www.freegaza.org reports that the humanitarian vessel Spirit of Humanity has been attacked and boarded by the Israelis 23 miles off the coast of Gaza. Former US Congresswoman and Presidential candidate Cynthia McKinney is among the 21 human rights workers taken prisoner off the ship.”

Don’t Say It Can’t Get Worse…

Would anyone care to comment on what a biometric-based employer verification system is?

Continue Reading Senator Charles Schumer Anounces Principles for Comprehensive Immigration Reform Bill in Works in Senate

A Dangerous Precedent


Photo: Svea Herbst- Bayliss

Can someone help me understand this? If the reports are accurate, Bernie Madoff’s wife Ruth is having all of her assets seized save $2.5MM. Problem is that she inherited far more assets in her own right. Is the Department of Justice now free to simply take the personal assets of a spouse that were owned free and clear of the proceeds of their spouse’s crime?

Lest you think this is not an important point, remember that several 100,000 pages of legislation is working its way through Congress under which it will be relatively easy to declare us all criminals. Indeed, the government has been known to falsify evidence in an attempt to frame innocent people on criminal charges.

Marriage is a civil contract that involves government in our business. Perhaps the time has come to forge family bonds without the involvement of government.

Martin Weiss Predicts California Muni Bond Default

By Jon Birger

Known for his early warnings on Bear Stearns and Lehman Brothers, analyst Martin Weiss of Weiss Research is now sounding the alarm about state of California municipal bonds.

In a new report, Weiss has some rather blunt advice for California muni investors: “Sell all California paper now!” His reasoning? California is facing a $24 billion budget gap with no obvious way to close it.

Asked to put odds on California defaulting on its $59 billion in outstanding general obligation bonds, Weiss doesn’t hedge. “It’s unavoidable,” he tells Fortune.

Continue Reading A Warning Bell on California Muni Bonds

GATA at the National Press Club - 2002

Feb 12, 2002 - Gold Anti-Trust Action Committee


View Video

Failed Bank Map


by John Galt

Being industrious and an insomniac has its advantages. But as a friend said to me a long time ago, you always get plenty of sleep when you’re dead so I decided to take a graphic look at Sheila’s handiwork under the Obamanation and plot the locations of every bank closing thus far this year, all 45 of them. If this catches on in popularity, I’ll add the credit unions next week after the next wave of FDIC closings.

Continue Reading 2009 FDIC Bank Closing Map

Administration Unemployment Projections vs. Actual

Continue Reading
Obama’s Projected Unemployment Rate With And Without Recovery Plan

Bailout Math

I just read a post indicating that the purchase of guns by Americans in 2008 was running at an average of 3 million a quarter and that we purchased approximately 1.5 billion rounds of ammunition in December. So, for purposes of estimation, let’s say that currently the purchase of guns and ammunition is running at approximately 12 million guns and 12 billion bullets annually. This compares to $12 trillion in bailouts for bankers over the period.

Grossly oversimplified, this means for every $1,000,000 that the banks got, Americans withdrew sufficient funds from the banking and brokerage system to buy 1 gun and 10,000 bullets.

The Climate Change Climate Change


Associated Press - Steve Fielding

Steve Fielding recently asked the Obama administration to reassure him on the science of man-made global warming. When the administration proved unhelpful, Mr. Fielding decided to vote against climate-change legislation.

If you haven’t heard of this politician, it’s because he’s a member of the Australian Senate. As the U.S. House of Representatives prepares to pass a climate-change bill, the Australian Parliament is preparing to kill its own country’s carbon-emissions scheme. Why? A growing number of Australian politicians, scientists and citizens once again doubt the science of human-caused global warming.

Continue Reading The Climate Change Climate Change

Unfortunately, the House decided to vote for the scam last week:

House Passes Climate Bill

Pieces of Eight

Announcement from Edwin Vieira, Jr.:

Responding to numerous requests, I have tentatively arranged for a reprint of my book Pieces of Eight: The Monetary Powers and Disabilities of the United States Constitution (2d rev. ed. 2002).

Continue reading ‘Pieces of Eight’