Tuesday, May 11, 2010 19:52
Free Speech If The Government Deems It Offensive President Obama’s Supreme Court nominee Elena Kagan is
perfect in every way – perfect that is if you think the role of
the highest judicial body in the United States is to ban free speech,
indefinitely detain Americans without trial, resurrect command and control
socialism, while urinating on everything the Constitution stands for.
Greece Should Have Been Allowed To Default
Economist Peter Schiff explains why Greece should have been allowed
to default and not been bailed out, which will merely result in its
debt being socialized and the people of Europe suffering while the underlying
problem remains unchanged.
Trillion Was Not Enough
The dizzy honeymoon created by the EU and IMF pledge yesterday to throw
a trillion dollars at eurozone debt has faded as predicted. Investors
realize the “fiscal tightening” — pensions looted,
social services slashed, standards of living sent into free fall —
will negatively impact growth in the euro zone and result in central
bankers cranking up interest rates in anticipation of looming default.
Party Clueless About U.S. Tax Dollars Funding Bailout Heist As CNBC hosts Joe Kerne and Rick Santelli pointed
out yesterday, the Tea Party movement seems largely clueless about the
fact that a huge chunk of the $1 trillion dollar bailout heist being
pushed through to save the face of global economic governance is being
funded with dollars looted from American taxpayers.
European Bailout: Not a Very Promising Start
Many people have written insightful criticisms of the European bailout.
For example, Tyler Durden, Joe Weisenthal and Gregory White point out
that the French banks are the real winners of the bailout (but don’t
forget JP Morgan).
yogi’ astounds Indian scientists An 83-year-old Indian holy man who says he has
spent seven decades without food or water has astounded a team of military
doctors who studied him during a two-week observation period.
UK Government To Be Infested With Bankers No matter which parties eventually form
a coalition to govern in the UK following last week’s general
election, one thing is for certain – the House of Commons
will be infested with bankers.
Is On Fire, As Market Sneers At Euro Bailout
Along with the overall market malaise, the other big warning sign
right now is the gold surge. The metal is now nearly $1220/oz. As
Stacy Herbert puts it: The gold vigilantes are in a shootout with
the ECB and the Fed.
system could cause Israel to collapse, economist warns
Weaning itself off socialist-influenced policies that once brought
400% inflation and 60% income-tax brackets, Israel’s economy
is now growing despite the international financial slowdown. Debt
is manageable, the currency is strong; Israel’s high-tech
sector is admired worldwide.
Brothers Linked to Drug Money
Mario Ernesto Villanueva Madrid, former governor of the Mexican
state that holds Cancun and dozens of other Caribbean beach resorts,
has been extradited to New York on charges of accepting bribes from
a violent drug cartel that smuggled hundreds of tons of cocaine
into the U.S. and then laundering the bribe money through Lehman