Ecuadorian President Rafael Correa’s government has recently passed a law to raise taxes on the financial sector to help raise the standard of living for the poor. President Correa, an economist who is running for re-election, has reduced poverty and increased the overall standard of living in Ecuador during his term. Understandably, the big banks, [...]
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This past year, 2012, was an eventful year. We had another Olympics, a U.S. presidential election, the warmest year on record, and lived through the Mayan apocalypse. However, many things did not occur that many of the trend seers predicted, especially dramatic events that made the boldest predictions. As we enter 2013, time itself seems [...]
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Alex Peitrowski, Contributor Activist Post The tiny Nordic European island country of Iceland is presently experiencing one of the greatest economic comebacks of all time. After the privatization of the banking sector completed in 2000, the economy was thrown into a tailspin when over a five-year period, private bankers borrowed 120 billion dollars (10 times [...]
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It’s time to admit that we live in a false economy. Smoke and mirrors are used to make us believe the economy is real, but it’s all an elaborate illusion. Out of one side of the establishment’s mouth we hear excitement about “green shoots”, and out of the other side comes breathless warnings of fiscal [...]
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Henry Harding Activist Post I need some paper with ink on it. I could make my own but the market isn’t confident. In fact the market has so little confidence in my paper with ink on it that I am in danger of arrest and/or ridicule if I try to use my brand of paper [...]
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The Fed’s plan to purchase $40 billion in mortgage-backed securities and $45 billion in long-term US Treasuries every month for the foreseeable future is now creating internal feuds. The Federal Reserve’s latest round of quantitative easing has no timetable to end or any measurable goal. Yesterday, the Dallas Fed President said this policy without limits [...]
Continue reading …Senate Bill Gives The Federal Reserve Warrantless Access to Your Emails and Facebook Posts
November 21, 2012 9 Comments
CNET is reporting that “A Senate proposal touted as protecting Americans’ e-mail privacy has been quietly rewritten, giving government agencies more surveillance power than they possess under current law.” Patrick Leahy, the influential Democratic chairman of the Senate Judiciary Committee, has dramatically reshaped his legislation in response to law enforcement concerns, according to three individuals [...]
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Brandon Smith, Contributor Activist Post Go to any university, any center of equities trade, any meeting place for financial academia, any fiscal think tank, and they will tell you without the slightest hint of doubt in their eyes that the U.S. economy is essential to the survival of the world. To even broach the possibility that [...]
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