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Posts Tagged ‘fbi’

Boston Marathon Bombing Suspects Identified; FBI Releases Photos and Video of Two Individuals

April 18th, 2013

boston marathonThe FBI has just released on its website www.FBI.gov, which was promptly DDOSed, pictures and a video clip of the two Boston Bombing suspects. The pictures and video are attached below. Read more…

Economy, Government, World News

In His Final Speech Ron Paul Warns Of “Continuous March Toward Fascism”

November 17th, 2012

Steve Watson: In an over 45 minute long marathon address on the House floor yesterday, Congressman Ron Paul said farewell after a 36 year long career in politics, including Read more…

Economy, Government

Smith & Wesson Holding Corporation (NASDAQ:SWHC): The Doomsday “Preppers” Portfolio

November 1st, 2012

Is It Too Late for a Doomsday Portfolio? For many, an apocalypse seems to be breathing down upon us in multiple forms: economic, societal, environmental, or prophesized. There’s plenty to be tense about. People go home at night, watch the news Read more…

Uncategorized

If U.S. Troops Fight WWIII, Who Fights The Coming American Civil War?

September 27th, 2012

U.S. troops available for deployment to fight a full-blown war is 1.4 million, with an additional 2.1 million, if all of NATO were to oblige. Read more…

Currency, Government, Markets, World News

WWIII Within Days; Food-For-Guns Program Next, Says Informant

September 20th, 2012

Dominique de Kevelioc de Bailleul: War drums beat in the Middle East and, now, the drums suddenly beat strongly between two Asian mights.  That, on top of a global financial system on the brink of entering the slide to hyperinflation has many thoughtful analysts suggesting Read more…

China, Economy, Government, World News

Consumers and Investors Seek Protection With Guns and Gold

May 9th, 2011

Even after last week’s steep selloff in the commodities markets, the “Flight to Safety” trade is still on…big time. Gold may have retreated from its all-time high, but applications to purchase a handgun continue soaring to record levels.

According to the FBI, background-check applications for handgun buyers are on a record-setting pace so far this year. “In this year’s first quarter,” Bloomberg News reports, “the FBI’s Instant Criminal Background Check System processed 4.25 million requests on prospective gun buyers – up 16% from a year earlier.” If the current pace continues, the number of “gun checks” would hit a seventh straight annual record.

Background Checks on Prospective US Firearms Buyers

America’s gun-buying craze stands in stark contrast to the dismal trend of overall consumer spending. Bloomberg notes that spending on guns, ammo and other sporting equipment rose about 10% during the last 12 months – or more than four times the 2.5% increase in total consumer spending. Although spending on guns and ammo has been outpacing total consumer spending for more than a decade, the gun-buying trend has been accelerating during the last few months.

US Consumer Spending on Guns and Ammo vs. Childcare vs. Overall Consumer Spending

Meanwhile, Wal-Mart CEO, Mike Duke, observes that the retail giant’s “core shoppers” are “running out of money much faster than a year ago.” Since many of Wal-Mart’s core shoppers live paycheck to paycheck, they typically do most of their shopping at the beginning of the month…and less of it at the end. “Purchases are really dropping off by the end of the month, even more than last year,” Duke says. “This end-of-month [purchases] cycle is growing to be a concern.”

This troubling trend is not just a Wal-Mart thing. As a retailer that averages 140 million shoppers per week to its US stores, Wal-Mart’s “concern” is also the American economy’s concern. Wal-Mart is, as CNNMoney puts it, “a barometer of the health of the consumer and the economy. Wal-Mart has struggled with seven straight quarters of sales declines in its stores.”

Maybe that’s why Wal-Mart announced last week that it would resume selling guns and ammo in many of its stores – ending a five-year hiatus. (Handguns will not return to Wal-Mart shelves, but rifles and other “long guns” will, according to a recent press release).

Your California editor is not certain that America’s “gun boom” (pun only partially intended) means something, but he suspects it doesn’t mean nothing. Roughly 14 million Americans – about one in twenty – tried to buy a handgun last year. Another 16 million will shop for a sidearm this year. These 16 million folks certainly do not share identical motives for their purchases, but they do share an identical objective: to arm themselves. They are buying handguns in record numbers because they are feeling uneasy in record numbers.

It would be easy to dismiss the “gun boom” as an irrelevant cultural curiosity…if it wasn’t so seemingly relevant. Investors are also “arming themselves” in record numbers. They are buying gold and silver and oil and almost any other commodity under the sun. At the same time, they are also unloading US dollars in exchange for almost any other currency under the sun. The Norwegian kroner, Swiss franc, Aussie dollar and Canadian dollar are all trading near all-time highs against the US dollar.

Something serious is going on here. America’s economic recovery may be much weaker than advertised, while her economic vulnerability may be much greater than widely believed.

Confident citizens do not usually buy record amounts of guns and gold.

Eric Fry
for The Daily Reckoning

Consumers and Investors Seek Protection With Guns and Gold originally appeared in the Daily Reckoning. The Daily Reckoning provides over half a million subscribers with literary economic perspective, global market analysis, and contrarian investment ideas. Bill Bonner, the founder of the the Daily Reckoning released his latest book Dice Have No Memory: Big Bets & Bad Economics From Paris to the Pampas in April 2011.

Read more here:
Consumers and Investors Seek Protection With Guns and Gold




The Daily Reckoning is a contrarian e-letter, brought to you by New York Times best-selling authors Bill Bonner and Addison Wiggin since 1999. The DR looks at the economic world-at-large and offers its major players – investors, politicians, economists and the average consumer – some much-needed constructive criticism.

Commodities, Uncategorized

Gold and Silver Coins Continue to Make Headlines

April 4th, 2011

The premium over spot price for a Silver Eagle is up to $4, according to an informal survey we made of dealers today – a signal the Mint can’t keep up with demand.

“Why can’t they keep the supply of coins up?” asks Rep. Ron Paul, chairman of the House Subcommittee on Domestic Monetary Policy. That’s in part a rhetorical question: The Mint doesn’t make its own blanks. “There is a contract with a foreign company, which makes no sense at all.”

Dr. Paul will bring the Mint’s operations under the microscope at his subcommittee’s hearing next Thursday. The Eagle program is near and dear to him. In fact, the program likely wouldn’t exist were it not for Paul’s involvement in the US Gold Commission appointed by President Reagan in 1981.

US Gold and Silver Eagles are now legal tender in Utah.

Actually, they’re legal tender in every state – a 1-ounce Gold Eagle has a face value of $50 – but “the intent would be to see where a gold or silver coin is valued at its market value instead of its face value,” says State Rep. Brad Galvez, who introduced the bill.

“This allows the people of Utah to protect their assets against what we’re seeing in inflation and the devaluation of the dollar.”

US Gold Eagle Coin

Gov. Gary Herbert signed the bill into law last week.

An aide who wished to remain anonymous told CNN, “If somebody is stupid enough that they want to buy a Snickers bar at 7-Eleven with a gold coin worth thousands of dollars, they will be able to do that.”

Uh-huh.

There is one practical effect to the bill: Sales of Gold and Silver Eagles will not be subject to state capital gains taxes; sales of foreign precious metals coins still will.

“So alarming has been the collapse of the dollar,” says writer Seth Lipsky in The Wall Street Journal, “that the legislatures in as many as a dozen American states are considering using their authority – under Article 1, Section 10 of the Constitution – to make legal tender out of gold and silver coins…

“However, the von NotHaus verdict will stand as a warning.”

You may recall von NotHaus was convicted last month of violating a law that makes it illegal, in the words of the FBI press release, “to create private coin or currency systems to compete with official coinage and currency of the United States.”

But as Lipsky points out, that’s not entirely true.

In another wrinkle to an incredibly tangled case, the judge threw out the part of the indictment that claimed “it is a violation of law for private coin systems to compete with the official coinage of the United States.”

You can’t make this stuff up.

“It is not clear that there is a constitutional basis or a logic,” Lipsky concluded in his piece, “for prohibiting individuals from making and selling pieces of gold and silver and using them, on a voluntary basis, as money – i.e., to ‘compete with’ the official coinage of the US.”

To be continued…

“What was left to convict the man on, we don’t know,” added our own Bill Bonner to the von NotHaus saga in Friday’s “Protecting Yourself from the Inexorable Decline of the US Dollar”. “But the court did so. And now he must appeal…or face penalties, possibly time in jail…and possibly a long time.

“But what about the rest of us? Are we sentenced too? Will we be forced to pay the price for the feds’ goofy monetary policies?

“Compare Mr. von NotHaus’s money to the money issued by the US Treasury Department. The Treasury’s dollars have no precious metal content – none. At best, their content comes from trees and cotton plants, with a scrap value that is probably negative. Meaning, if it loses its value as money, you’ll have to pay someone to haul it away.

“So who do the authorities haul to the hoosegow? The guy who mints honest money in tiny quantities…or the guy who puts out $2.2 trillion in ‘paper’ money that is sure to lose its value quickly?

“Go ahead…take a guess.”

Addison Wiggin
for The Daily Reckoning

Gold and Silver Coins Continue to Make Headlines originally appeared in the Daily Reckoning. Daily Reckoning founder Bill Bonner recently wrote articles on stagflation and introduced his new book Dice Have No Memory: Big Bets & Bad Economics From Paris to the Pampas.

Read more here:
Gold and Silver Coins Continue to Make Headlines




The Daily Reckoning is a contrarian e-letter, brought to you by New York Times best-selling authors Bill Bonner and Addison Wiggin since 1999. The DR looks at the economic world-at-large and offers its major players – investors, politicians, economists and the average consumer – some much-needed constructive criticism.

Uncategorized

Economic Ruination from Money Creation to Price Inflation

January 13th, 2011

John Rubino at Dollar Collapse.com obviously thinks, like I do, that inflation is a Terrible, Terrible Thing (TTT).

To prove it, and to simultaneously prove to my wife, kids, relatives, co-workers and neighbors that I am not the “weirdest man who ever lived” as concerns inflation, I call him up on the phone!

A man whom I assume is Mr. Rubino answers, “Hello?” and I say, “John! John, old buddy, old pal! This is Mogambo, calling to verify that you are scared out of your freaking mind about how inflation is rising all around the world because central banks, similarly all around the world, are creating more and more money, which causes inflation in prices, which is made worse for foreigners by us dumbass Americans having a trade deficit of over $600 billion a year, equaling a third of combined global trade deficits, which means that we are buying actual things from foreigners and exporting $600 billion dollars overseas, increasing their money supplies and thus increasing their inflation in prices, meaning that we should be buying gold and silver with fevered abandon, and how the usual reaction to impending starvation by the masses is such that we should be building fortresses in our backyards, bristling with guns and cannons, and maybe some of those cool Agent 007 James Bond devices like, you know, smoke screens, ejector seats, laser beams, and heat-seeking rockets, because (my voice rising to crescendo) We’re Freaking Doomed (WFD) thanks to the foul Federal Reserve creating so, so, so much freaking much money that it boggles the mind (‘boing!’) to even contemplate a Quantitative Easing II to effect an increase in the US money supply (to monetize government debt, no less!) of a whopping $600 billion in the next six months, of which half will end up overseas in the accounts of foreigners thanks to the trade deficit, who will use the money to buy US assets, thus repatriating the cash back to the USA to do its inflationary havoc whilst we strangely export the ownership of means of production to what I assume are sinister foreign forces, probably aligned with Illuminati conspirators, New World Order bozos, rogue government agents, extraterrestrial forces, Satan, or something. I mean, who really knows?”

He then replies, tellingly, “What? Who?” whereupon the line abruptly went dead, also proving that the CIA and/or the FBI and/or unknown government agents and/or aliens from outer space are not only tapping my telephone, but doing a poor job of it, too!

Anyway, I think Mr. Rubino’s position is clear when he headlines his recent essay “‘Bring us Sugar!’ US Inflation And the Rest of the World”, with the rest of the essay being about inflation breaking out all over the place!

And if there is one thing that a Junior Mogambo Ranger (JMR) knows, it is to buy gold and silver when inflation is rising, as it is, and will, because the Federal Reserve is creating lots and lots of money, which means, as proved 100% reliable by 4,500 years of history, that inflation in prices is Super Freaking Guaranteed (SFG), and the higher the increase in the money supply, the higher the inflation.

And, by that selfsame 4,500 years, it’s also proved that gold and silver will soar in value as all else Turns To Crap (TTC).

And with that kind of guaranteed and easy decision-making, what can you say except, “Whee! This investing stuff is easy!”?

The Mogambo Guru
for The Daily Reckoning

Economic Ruination from Money Creation to Price Inflation originally appeared in the Daily Reckoning. The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today’s markets. Its been called “the most entertaining read of the day.”

Read more here:
Economic Ruination from Money Creation to Price Inflation




The Daily Reckoning is a contrarian e-letter, brought to you by New York Times best-selling authors Bill Bonner and Addison Wiggin since 1999. The DR looks at the economic world-at-large and offers its major players – investors, politicians, economists and the average consumer – some much-needed constructive criticism.

Uncategorized

More Nukes!

October 25th, 2010

William “Willie” Sutton (1901–1980) was a notorious American bank robber. According to FBI records, he stole over $2 million during a criminal career that spanned 40 years. To be sure, Sutton got caught on numerous occasions, and thus did he spend over half his adult life in prison.

But Willie Sutton was as intellectually honest as he was criminally dishonest. When a news reported asked Sutton, “Why do you rob banks?” Willie answered, “Because that’s where the money is.”

In his biography, Where the Money Was: The Memoirs of a Bank Robber, Willie Sutton expanded upon this perspective. He said, “Go where the money is… and go there often.” Similarly, as an investor, I pursue a similar philosophy: Go where the natural resources are…and go there often.

In a world with growing population, growing prosperity, increasing demand and decreasing availability of energy and mineral resources, there have to be great investment opportunities in these resources. Indeed, that’s where the money is. We should go there, and go there often.

In the energy sector, different fuel sources contain different amounts of energy per mass. That is, if you burn a block of wood, you’ll get a different amount of energy than if you burn a gallon of gasoline or diesel fuel or a pound of uranium. These differences influence the investment appeal of each fuel source.

The table below presents the energy density of various fuel sources in terms of megajoules of energy per kilogram. A megajoule — MJ — is 1 million joules, or approximately the kinetic energy of a 1-ton vehicle moving at 160 km/h (100 mph).

The point is to show that if something has a high energy density, then less physical material will release the same amount of energy. You can see why, for example, old wood-burning locomotives and steam engines gave way to coal-burning equipment. And the coal-burners eventually yielded to diesel engines. You just get more energy from the same volume of material, which matters when you’re in the confined spaces of a moving piece of equipment.

It’s obvious, based on the raw numbers, that uranium — and by extension nuclear power — can supply energy with a density that’s orders of magnitude more than what you get from carbon-based fuels. With numbers so utterly lopsided like these, the world is going to find it impossible to support massive populations and deal with resource and energy demand without a global nuclear power industry.

The long and short of it is that the world is going to move toward nuclear power. That’s why I have recommended investments in long-term uranium players like Cameco (CCJ: NYSE), and Denison Mines (DNN: AMEX), as well as direct investments in uranium via Uranium Participation Corp. (U: TSX).

What about alternative energy sources, you ask? What about solar and windmills, for example? Every energy method has its uses and attractions. But the energy density of solar and wind is quite low. Sure, solar and wind have a place in many niche energy applications, but not for meeting the looming energy demands of billions of people.

For the next 30 or 40 years, the alternative energy methods will move toward the 5–7% range of overall world energy supply. But for the “big power,” you need to keep focused on nuclear energy.

Regards,
Byron King,
for The Daily Reckoning

More Nukes! originally appeared in the Daily Reckoning. The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today’s markets. Its been called “the most entertaining read of the day.”

Read more here:
More Nukes!




The Daily Reckoning is a contrarian e-letter, brought to you by New York Times best-selling authors Bill Bonner and Addison Wiggin since 1999. The DR looks at the economic world-at-large and offers its major players – investors, politicians, economists and the average consumer – some much-needed constructive criticism.

Uncategorized

More Nukes!

October 25th, 2010

William “Willie” Sutton (1901–1980) was a notorious American bank robber. According to FBI records, he stole over $2 million during a criminal career that spanned 40 years. To be sure, Sutton got caught on numerous occasions, and thus did he spend over half his adult life in prison.

But Willie Sutton was as intellectually honest as he was criminally dishonest. When a news reported asked Sutton, “Why do you rob banks?” Willie answered, “Because that’s where the money is.”

In his biography, Where the Money Was: The Memoirs of a Bank Robber, Willie Sutton expanded upon this perspective. He said, “Go where the money is… and go there often.” Similarly, as an investor, I pursue a similar philosophy: Go where the natural resources are…and go there often.

In a world with growing population, growing prosperity, increasing demand and decreasing availability of energy and mineral resources, there have to be great investment opportunities in these resources. Indeed, that’s where the money is. We should go there, and go there often.

In the energy sector, different fuel sources contain different amounts of energy per mass. That is, if you burn a block of wood, you’ll get a different amount of energy than if you burn a gallon of gasoline or diesel fuel or a pound of uranium. These differences influence the investment appeal of each fuel source.

The table below presents the energy density of various fuel sources in terms of megajoules of energy per kilogram. A megajoule — MJ — is 1 million joules, or approximately the kinetic energy of a 1-ton vehicle moving at 160 km/h (100 mph).

The point is to show that if something has a high energy density, then less physical material will release the same amount of energy. You can see why, for example, old wood-burning locomotives and steam engines gave way to coal-burning equipment. And the coal-burners eventually yielded to diesel engines. You just get more energy from the same volume of material, which matters when you’re in the confined spaces of a moving piece of equipment.

It’s obvious, based on the raw numbers, that uranium — and by extension nuclear power — can supply energy with a density that’s orders of magnitude more than what you get from carbon-based fuels. With numbers so utterly lopsided like these, the world is going to find it impossible to support massive populations and deal with resource and energy demand without a global nuclear power industry.

The long and short of it is that the world is going to move toward nuclear power. That’s why I have recommended investments in long-term uranium players like Cameco (CCJ: NYSE), and Denison Mines (DNN: AMEX), as well as direct investments in uranium via Uranium Participation Corp. (U: TSX).

What about alternative energy sources, you ask? What about solar and windmills, for example? Every energy method has its uses and attractions. But the energy density of solar and wind is quite low. Sure, solar and wind have a place in many niche energy applications, but not for meeting the looming energy demands of billions of people.

For the next 30 or 40 years, the alternative energy methods will move toward the 5–7% range of overall world energy supply. But for the “big power,” you need to keep focused on nuclear energy.

Regards,
Byron King,
for The Daily Reckoning

More Nukes! originally appeared in the Daily Reckoning. The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today’s markets. Its been called “the most entertaining read of the day.”

Read more here:
More Nukes!




The Daily Reckoning is a contrarian e-letter, brought to you by New York Times best-selling authors Bill Bonner and Addison Wiggin since 1999. The DR looks at the economic world-at-large and offers its major players – investors, politicians, economists and the average consumer – some much-needed constructive criticism.

Uncategorized

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