Taking a child away from its parents is one of the most serious and emotionally traumatizing things you can do. Anyone tasked with such extraordinary power should take the responsibility extremely seriously. Unfortunately, that’s not how Child Protective Services (CPS) in Kansas sees things.
This is the story of an 11-year-old boy who bravely defended his mom’s used of cannabis oil during a anti-drug program at his school. His mother suffers from Crohn’s disease and uses cannabis oil to treat her symptoms. If she lived here in Colorado, or any of the other 23 states enlightened enough to permit adults to use a plant for medical purposes, her son (who obviously loves his mom enough to defend her in class) would still be with her.
We discuss gyrocopters and glitter bombs as a solitary acts of Global Insurrection Against Bankster Occupation (GIABO) in a day of gulags when organising collective actions can be extremely dangerous. We also discuss Kim Dotcom’s plans for an equity crowd funding campaign for MegaNet and the ‘inconceivable’ negative interest rates on some mortgages in Spain. In the second half, Max interviews Professor John Mill Ackerman about protest parties in Mexico, including Morena, and the economic crisis driving them.
Agustín Carstens, governor of the Bank of Mexico and chairman of the IMF’s International Monetary and Financial Committee, is an absolute insider at the top echelons of international finance and central banking. He’s not an opponent of QE and interest rate repression practiced so passionately in the US, the Eurozone, the UK, Japan, and other developed economies. Or at least, he has carefully toed the line. But he unleashed some stark warnings about how all this might turn out.
- Russia buys one million ounces and increases gold reserves by another 2.6% in March - Russia sees gold as important monetary and strategic asset in stealth currency wars - Large purchase by Russia who normally buy some 300,000 ounces - Russian gold reserves, at nearly 40 million ounces, are now fifth largest in the world - Russia likely coordinating gold reserve accumulation with Ex Soviet States - Concerns re euro and of crisis in erstwhile reserve currency, the dollar - Gold remains central to international monetary system - Central banks continue to accumulate large volumes
Russia increased its gold holdings by one million ounces in March, bringing its total reserves to nearly 40 million ounces or 1,238 metric tonnes. The Russian one million ounce gold purchase is a large one even by Russian standards as in recent years they have consistently been buying roughly 300,000 ounces per month.
It followed a two month break from the gold market which had led to erroneous speculation that Russia was not interested in increasing its gold reserves any further.
Since 2005, Russia’s gold reserves have increased three-fold. As a comparison, in the second quarter of 2009, Russia only had 550 tonnes of gold in its official reserves meaning that their reserves have doubled in recent years.
Russia’s gold reserves are now at least the fifth largest national gold reserves in the world or sixth largest if one includes the IMF. Read more ›
If there’s one thing I’ve learned over the years, it’s that whenever you hear the term “public-private” partnership, brace yourself for a screw job of epic proportions. It’s in exactly the same vein as the classic observation uttered by the late comedian, George Carlin, about politics:
The word bipartisan means some larger-than-usual deception is being carried out.
It makes perfect sense if you think about it. If you’re a large corporation, there’s nothing better than guaranteed profits; and there’s no better way to guarantee profits than by going into business with the one entity that can do this: government. On the other hand, if you are an ambitious and greedy politician, what better way to earn a fortune while ostensibly engaging in “public service” than by lining the pockets of big corporations, which will then line your pockets in return in various opaque ways. Extraordinary fees for speeches is one preferred way of doing this, as is the classic revolving door that gives the person a cushy corporate job after leaving government.
The business inventory to sales ratio is starting to mirror the stock market and the dollar and go parabolic.
Given that the economy appears to be entering “crash mode,” and given that the money supply is now almost 5x higher than it was in 2009, and given that Treasury debt outstanding is now $7 trillion dollars – or 64% – higher now than in 2009, and given that interest rates can only go negative, I would suggest thatthe Fed is out of tricksandwhat is coming at us in the system is going to be much WORSEthan what occurred in 2008.
Either join the disruptors or prepare to be disrupted.
Disruptive technology is a tiresome cliche, as every Twitter/ AirBnB/ Uber/ Skype/etc. wannabe start-up declares itself disruptive. That the vast majority of self-congratulatory start-ups are over-hyped and derivative should not distract us from the larger reality that some technologies do in fact disrupt how things are done.
Fossil-fueled mechanization, for example, turned an overwhelmingly rural farming society into a highly urbanized services-dominated economy.
In the more recent past, CraigsList single-handedly turned the newspaper industry from an immensely profitable license to print money (via costly classified ads) to a struggling sector with an unclear future.
- Greece Rapidly Running Out Of Cash – Soon Must Fold To Troika Or Default - IMF Rebuff Greek Suggestion To Delay Repayments - ECB’s Draghi Warns Potential “Grexit” Puts EU In “Uncharted Waters” - Despite Threats, Greece Remains Defiant, Won’t “Budge On Red Lines” - ECB Considering A “Second Currency” For Greece
The Greek government and its “partners” appear to be reaching the end of the road in their negotiations to release the final €7.2 billion of its €240 billion bailout deal.
Eurozone countries are demanding that the new Greek government produce a list of reforms that prove its credibility before releasing euros to them. However, Finance Minister Varoufakis is suggesting that Greece will not retreat from its red lines and did not rule out a referendum or early polls if talks remain deadlocked.
Greece is rapidly running out of cash with which to pay public sector wages, pensions and welfare payments. At the same time Greece is expected to pay €930 million which is due over the next few weeks.
It would appear as though the moment of reckoning is fast approaching. If an agreement has not been reached by Friday when the Eurogroup of Finance Ministers meet in Riga it is quite likely that Greece will default. Read more ›
The American justice system is broken. Completely and totally broken. This has been one of the key themes here at Liberty Blitzkrieg since inception, and I’ve come to realize that the death of the rule of law is the single most important issue facing our society at this time.
This site has focused on the increased use of selective prosecution in these United States. If you are poor, disenfranchised, or a dissident, the full force of the law will rain down on your skull like a thousand tons of bricks. We have seen this repeatedly in cases such as the South Carolina man who was fined $525 and fired from his job when he failed to pay for a $0.89 soda refill. We saw it in the case of Aaron Swartz, the child prodigy was driven to suicide by overly aggressive and ambitious feds. Finally, we saw it in the case of Barrett Brown, who was threatened with over a century in jail for essentially exposing the criminality of certain very rich and/or powerful individuals…