• Gold Standard I...
    07/24/2014 - 01:47
    There is confusion over what legal tender law does. It doesn't force merchants to accept dollars under threat of imprisonment. It attacks lender, by granting debtors a right to repay in dollars.

Fourth Estate

Cognitive Dissonance's picture

The Surveillance/Police State - Assisting the Dismantling of Inalienable Rights





Of course the surveillance police state is not used to control the individual, but rather the herd which in turn controls the non sovereign individual.

 
Tyler Durden's picture

2013 Year In Review





Every year, David Collum writes a detailed "Year in Review" synopsis full of keen perspective and plenty of wit. This year's is no exception. The 89-page tour-de-force is a must-read this holiday season for perspective on where we have been and where we are going. From Krugman to the abuse of civil liberties, from gold to muni bankruptices, and from Student debt bubble to Cyprus and beyond, Collum covers it all.

 
Tyler Durden's picture

It's Acts of Journalism that Matter Not People Called "Journalists"





Journalists should be protected, but not because of who they are or the title next to their name, but because they are engaged in acts of journalism. At the end of the day journalism is much like porn, hard to define but “you know it when you see it.” Whether you want to call Glenn Greenwald a journalist or not, what he did in the Edward Snowden affair was clearly an “act of journalism” and therefore must be protected and defended at all costs. Mike Krieger, of Liberty Blitzkrieg, is extraordinarily bothered by the manner in which the oligarch gatekeepers in the mainstream media and elsewhere are attempting to discredit Glenn Greenwald by saying he is “not a journalist.” It appears their primary strategy in fighting back against truth-tellers, whistleblowers and journalists in the wake of Edward Snowden’s revelations is by attempting to control the definition of the term “journalist.”  This way they can then proclaim who is a “real journalist” and who isn’t.

 
Tyler Durden's picture

The Devil In The Details Of The Dow





It looks like the Dow Jones Industrial Average will be the first major U.S. equity benchmark to breach new highs, so ConvergEx's Nick Colas breaks down this closely watched measure of domestic stock prices noting that the Dow is a quirky “Index” – price weighted (not market capitalization), compact (30 names) and fundamentally global (lots of brand-name multinationals).  Change just one name in the index, and the outcomes vary considerably.  If Google had been added at the end of last year, we’d be at 14,330 – well over the old high of 14,165.  But if the Dow committee had added Apple instead, the index would have closed at 13,475 yesterday, up less than 3% on the year.  And if Netflix had been the lucky company added for 2013, well…  We’d be saying hello to Dow 15,000, and then some. The point here is that the notion of a “New High” for the Dow is a little arbitrary, by virtue of the price weighting function and stock selection process.

 
Tyler Durden's picture

Guest Post: Doug Casey On The Good, The Bad, And The Ugly Of Today's Journalism





"Yellow journalism" – which seems almost the only kind we have these days dominates our newsflow, but the truth is out there. As with everything else though, it's subject to Pareto's Law. So, 80% of what's out there is crap, and 80% of what's left is merely okay. But that remaining 4% of quality, uncensored, free information flow is extremely valuable. The terminal corruption of the major news corporations and the lack of interest in seeking the truth among the general population augurs very poorly for the prospects of the US and the current world order. This creates speculative opportunities, but prospects for mainstream investments are not good. Western civilization is truly in decline and far down the slippery slope.

 
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