Gold closed at $1355/oz today, nearly $600/oz below its peak less than two years ago. I said then, sell, sell. Man did I get the mail from the gold bugs. I was just crazy, hyper-inflation was going to happen any minute, the USD would be worthless, and gold would be $10,000/oz within months.
The pundits are blaming gold's collapse on reduced growth in China, as if 8% annual growth was bad. As I recall the imminent collapse of the Chinese economy was one of the compelling reasons to buy Glenn Beck's gold.
Prairie2: The value of canned goods has collapsed?
BBV connects voting machine test lab with kickbacks, bid-rigging, bribery schemes
Next time you hear that voting machines are reliable and safe "because they have been tested and certified," think of this important article, which reveals proven corruption, payoffs and bid-rigging connected to Ciber, Inc., a firm that signed off on our voting machines. Ciber's okay was the foundation for federal acceptance of voting machines all over the USA.
A few weeks ago, I decided to examine electoral fraud from the other end. What happens if we start with known public corruption cases and work backwards to the intersection with elections?
Prairie2: Buffy closes the Hellmouth
Ever heard of 'The International Consortium of Investigative Journalists'? Using information that must have come from something akin to the 'Anonymous' hackers (or maybe the NSA) they have begun to reveal the rampant tax evasion of the wealthy.
The first articles based on a cache of 2.5 million files were published Thursday (today), laying bare the secrets of more than 120,000 offshore entities, including your basic shell corporations and legal structures known as trusts, that have been used to hide the finances of politicians (Mitt Romney?), crooks, drug smugglers, dictators and others from more than 170 nations.
Bob Alexander: Here Comes Jeebus Cottontail
Just to set the record straight … I am not a tolerant person. If you believe, follow, and make decisions based upon any of the big deal world religions … I think there’s something wrong with you. I think you’re suffering a low-grade psychotic break with reality. So right off the bat I find it pretty hard to get along with 59% of the world's population. But then again 80% of the countries in the world are capitalist nations. I have a problem with them too as they are equally delusional and arguably more dangerous. And if you’re a religious capitalist … you’re the beast of both worlds.
A friend of mine told me years ago that religion is for people who lack spirituality. I’d add that religion is for people who lack imagination. They need other people to make up stuff for them. “Stuff” of course being the euphemism for what bulls regularly manufacture steaming piles of.
Katrina vanden Heuvel: Lessons Learned From the Iraq Invasion
This week marked the tenth anniversary of the Iraq invasion and the beginning of a war that The Nation opposed fiercely and early on. Running scores of articles and editorials against the misguided mission, our writers sought to create an intelligent dialogue around the issue and provide alternative policies to move us forward in a more peaceful way.
The Nation’s first editorial on the subject ran on June 20, 2002: “War on Iraq Is Wrong.” In clear and certain terms, the editors outlined the glaring weaknesses in the administration’s argument for war and its obtuseness over the consequences of invasion. “If the United States proceeds alone or with only tacit support from others, Iraq’s collapse into anarchy cannot be ruled out,” warned the editors. “Democrats and Republicans, and all citizens with civic courage, must challenge a policy that poses a clear and present danger to international and American interests.”
BBV on Proven Miami Computer Hack for Absentee Ballots
THIS REALLY HAPPENED.
It's a documented computerized voting system hack; it's been in front of a grand jury; it shows a political pattern. It appears to have targeted three specific and interconnected candidates. It is being declared thwarted and they say it wouldn't have worked. Officials claim the hack is untraceable.
Now here's the truth: It could easily have worked, and I'll describe how below, and by the way, Rocky and Bullwinkle could have caught these guys. The reason they weren't apprehended is that crucial IP addresses were withheld from investigators during the period while trace routing logs were intact.
Prairie2 is Bearish on Magic Beans
Initial Unemployment Claims edged up slightly for the week, but are still near five year lows. Building contractors in some previously depressed areas are finding it impossible to keep up with the demand for new units. This is partly because of the unavailability of existing homes because underwater owners can't sell, and partly it's pent up demand that is being released by the improving economy.
All of a sudden we don't have an immediate debt crisis, at least according to some prominent Republicans in Congress. Basically they're admitting to having lied about the 'debt crisis', literally the day before the new talking points came out, because nothing has changed. A new Continuing Resolution has passed Congress that will take some things off the Sequester chopping block, it still requires the President's signature.
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