Wednesday, September 23, 2009

Gold Gains as Dollar Decline to One-Year Low Increases Appeal

Gold Gains as Dollar Decline to One-Year Low Increases Appeal

By Kim Kyoungwha

Sept. 23 (Bloomberg) -- Gold advanced as a weakness in the dollar bolstered the precious metal’s appeal as an alternative investment.

The dollar declined to a one-year low against the euro on speculation Federal Reserve policy makers will signal today they will keep interest rates low. The U.S. currency fell against 13 of 16 major counterparts on concern that Group of 20 leaders, meeting in Pittsburgh starting tomorrow, will call for a reduction in global trade imbalances that may cause further gains in other currencies.

“Gold has attracted a lot of attention as the price continues to trade mostly in the $1,000 plus range,” said David Moore, a commodity strategist with Commonwealth Bank of Australia. “A lower dollar may generate investor interest in gold as a hedge against dollar weakness.”

Tuesday, September 22, 2009

U.S. to push for new economic world order at G20

U.S. to push for new economic world order at G20

By Alister Bull
WASHINGTON (Reuters) - The United States will urge world leaders this week to launch a new push in November to rebalance the world economy, but there are doubts national governments will bow to external advice.

A document outlining the U.S. position ahead of the September 24-25 Group of 20 summit in Pittsburgh said exporters, which include China, Germany and Japan, should consume more, while debtors like the United States ought to boost savings.

Monday, September 21, 2009

Charts Predict: Risk of 'Fully-Fledged Dollar Crisis'

Charts Predict: Risk of 'Fully-Fledged Dollar Crisis'

The dollar is clearly stuck in a downward trend as it takes over from the yen as the carry-trade currency of choice, but if the trend continues it faces a “fully-fledged dollar crisis,” Robin Griffiths, technical strategist at Cazenove Capital, told CNBC.

Friday, September 18, 2009

End the Fed: Ron Paul

CNBC Review of End the Fed

Paul writes,

"The Fed is using all its power to drive the monetary base to unprecedented heights, creating trillions in new money out of thin air. From April 2008 to April 2009, the adjusted monetary base shot up from $856 billion to an unbelievable $1.749 trillion. Was there any new wealth created? New production? No, this was the Ben Bernanke printing press at work. If you and I did anything similar, we would be called counterfeiters and be sent away for a lifetime in prison. But, when the Fed does it - complete with a scientific gloss - it is seen as the perfectly legal and responsible conduct of monetary policy."

Wednesday, September 16, 2009

Sunday, September 13, 2009

Police say syringes will help stop drunk driving

Don't see why this would be illegal search and siezure. I mean it's just my blood. In my body and all...

Police say syringes will help stop drunk driving

BOISE, Idaho – When police officer Darryll Dowell is on patrol in the southwestern Idaho city of Nampa, he'll pull up at a stoplight and usually start casing the vehicle. Nowadays, his eyes will also focus on the driver's arms, as he tries to search for a plump, bouncy vein.

"I was looking at people's arms and hands, thinking, 'I could draw from that,'" Dowell said.

The band Muse, Closet libertarians?

The official video isn't out yet.

The band Muse, Closet libertarians? Go buy their album The Restistance, seriously go buy it.

Written by Roy Antoun on September 1, 2009

On September 15th, Muse will be releasing their latest album The Resistance featuring 11 new tracks, three of which are part of a symphony written by singer Matthew Bellamy. The songs, as usual, are conspiracy driven, galaxy-influenced, and catchy as hell.

Only two of the tracks have been released thus far, “United States of Eurasia” and “Uprising”. The radio-released “Uprising” has some lyrics that might catch the American eye. It’s interesting that this song (even this album) was released during these times. Taking a look at the lyrics can show us that the artists are secretly Ron Paul-loving Libertarians. Just as Ron Paul has stated time and again that Washington has been putting up the colloquial red tape to hide financial information from us, the lyrics to Uprising go, “and endless red tape to keep the truth confined.” And while our Wall Street “fat cats” sit fat, dumb, and happy with their government paychecks, Muse sings, “it’s time that the fat cats had a heart attack,” and we must “unify and watch our flag ascend.”

Interesting Post from Slate on yesterday's march: Protesters conservatives not Republicans

D.C. Protesters Are Conservatives, Not Republicans

With Obama-as-Hitler signs and "Don't Tread on Me" flags aloft, tens of thousands of conservative protesters descended on the Capitol in Washington, D.C., on Saturday. They sang patriotic songs and shouted anti-Obama slogans, but don't expect that to warm the hearts of GOP lawmakers. One thing the protesters did not do is lavish much love on Republicans. They skewered George W. Bush and John McCain along with Obama and Nancy Pelosi, arguing that Republicans have been just as likely to overspend and expand the government as Democrats. A few congressional Republicans from very conservative states (South Carolina, anyone?) ventured out to address the crowd, but most Republican leaders are left wondering how they can harness the conservative energy on display without associating themselves with some of the fringe views on display Saturday.

Texas governor's race gets an entry from Ron Paul's camp

Texas governor's race gets an entry from Ron Paul's camp

Saying her two high-profile rivals have dropped the ball for Texas, Wharton County GOP chairwoman Debra Medina announced her campaign Saturday for the Republican nomination for governor.

12:00 AM CDT on Sunday, September 13, 2009
By GROMER JEFFERS JR. / The Dallas Morning News

Debra Medina announced her run for governor at the Westin Galleria on Saturday. The Wharton County Republican Party chairwoman promised to focus on border protection, property taxes and education reform in her campaign. "We've done little to move in the right direction. Some may even say we've lost yardage," Medina said during a rally at the Westin Galleria. "I'm ready to take the field as quarterback, for a time, for Texas."

Saturday, September 12, 2009

Insiders sell like there's no tomorrow

Insiders sell like there's no tomorrow

NEW YORK (Fortune) -- Can hundreds of stock-selling insiders be wrong?

The stock market has mounted an historic rally since it hit a low in March. The S&P 500 is up 55%, as U.S. job losses have slowed and credit markets have stabilized.

But against that improving backdrop, one indicator has turned distinctly bearish: Corporate officers and directors have been selling shares at a pace last seen just before the onset of the subprime malaise two years ago.

While a wave of insider selling doesn't necessarily foretell a stock market downturn, it suggests that those with the first read on business trends don't believe current stock prices are justified by economic fundamentals.

Thursday, September 10, 2009

Misconceptions about libertarians' stances

Misconceptions about libertarians' stances

by Chad Van Alstin, regular columnist

Tuesday, September 8, 2009; 9:40 PM

The men and women sitting at the Libertarians at Virginia Tech booth during Gobblerfest 2009 were asked a single question more than any other: "Are Libertarians liberal or conservative?" The question is reasonable, but difficult to answer. First a libertarian and a Libertarian (a member of the political party with the same name) can often have huge separations in terms of beliefs. The answer to the question could be different depending on the actual subject.

Thursday, September 3, 2009

Man bites off FINGER of anti-Obama protester

One of the many insane things about this case is that the police in LA don't consider the still unfound member (allegedly) of an assault suspect. The man literally bit the other man's finger off. It's gone. And no assault? Insane.

Man bites off FINGER of anti-Obama protester

A health care-reform opponent whose finger was partially bitten off Wednesday during a Thousand Oaks rally said today that doctors could not re-attach the severed section.

William Rice, 65, of Newbury Park also confirmed reports that he threw the first punch in the confrontation that claimed part of his left pinky.

“When he got in my personal space, I popped him in the nose,” Rice said. “I felt like I had no choice other than to defend myself.”

Wednesday, September 2, 2009

Hey DailyKos, I’m A Real Libertarian

Hey DailyKos, I’m A Real Libertarian

By Kenneth Martens,

From DailyKos comes the Top 10 Signs You Might Not Be A Libertarian. DailyKos lists of a bunch of reasons why most self-proclaimed libertarians are just Republicans who have ditched the label as Bush’s poll numbers dropped. As a certified* Christian libertarian, I’d like to respond.

Tuesday, September 1, 2009

The IMF Starts Printing

The New Inflation Threat

What this means is that for the first time in history we have a world central bank capable of creating money out of thin air. No longer does the IMF need to borrow money with a vote of all members plus the consent of the US congress. It can simply create whatever amount of money it needs through the creation of SDRs. Not for itself, mind you, but for the world. The SDR has been around since 1967, but never as a convertible asset. That changed Friday, August 28th, 2009. The SDR has quietly mutated.

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Nick Sorrentino is the Editor of The Liberty and Economics Review and CEO of a social media management company.