• Sprott Money
    03/27/2015 - 04:54
    At first glance, the title to this commentary seems facile, especially to those readers in higher income brackets. The reality, however, is that “investing in food” is a risk-free means of generating...

Ohio

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The US Housing Bubble In One Chart: Home Prices Outpace Wage Growth 13:1





If there is one chart that most clearly captures the unsustainable US home price appreciation bubble, it is the following which was released overnight from RealtyTrac: home price appreciation nationwide has outpaced wage growth by a 13:1 ratio!

 
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FBI Moves to Broaden Hacking Authority - Google Says it Poses “Monumental Constitutional Concern”





A judicial advisory panel Monday quietly approved a rule change that will broaden the FBI’s hacking authority despite fears raised by Google that the amended language represents a “monumental” constitutional concern. The Judicial Conference Advisory Committee on Criminal Rules voted 11-1 to modify an arcane federal rule to allow judges more flexibility in how they approve search warrants for electronic data, according to a Justice Department spokesman. The FBI wants the expanded authority, which would allow it to more easily infiltrate computer networks to install malicious tracking software. This way, investigators can better monitor suspected criminals who use technology to conceal their identity....  Google weighed in last month with public comments that warned that the tweak “raises a number of monumental and highly complex constitutional, legal and geopolitical concerns that should be left to Congress to decide.”

 

 
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Hours After Hinting At Mandatory Voting, Obama Talks Down "Suggestion" Following Backlash





"It would be transformative if everybody voted," Obama said during a town hall event in Cleveland, Ohio. "That would counteract (campaign) money more than anything. If everybody voted, then it would completely change the political map in this country." Obama also added that the people who tend not to vote are "young, they're lower income, they're skewed more heavily toward immigrant groups and minorities ... There's a reason why some folks try to keep them away from the polls."

 
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Private Police: Mercenaries For The American Police State





The growing dilemma we now face is private police officers outnumber public officers (more than two to one), as the corporate elite transforms the face of policing in America into a privatized affair that operates beyond the reach of the Fourth Amendment. What we’re finding ourselves faced with is a government of mercenaries, bought and paid for with our tax dollars, all the while claiming to be beyond the reach of the Constitution’s dictates. When all is said and done, privatization in the American police state amounts to little more than the corporate elite providing cover for government wrong-doing. Either way, the American citizen loses.

 
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The Internet Of Things: A Dystopian Nightmare Where Everyone And Everything Will Is Monitored





Our world is becoming increasingly interconnected, and that opens up some wonderful possibilities.  But there is also a downside.  What if we rapidly reach a point where one must be connected to the Internet in order to function in society?  Will there come a day when we can’t even do basic things such as buy, sell, get a job or open a bank account without it?  And what about the potential for government abuse?  Could an “Internet of Things” create a dystopian nightmare where everyone and everything will be constantly monitored and tracked by the government?  That is something to think about.

 
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Track The Massive Congestion At The Port Of Long Beach In Real Time





Things on the West Coast Ports are going from bad to worse (for those who missed it read "Catastrophic Shutdown Of America's Supply Chain" Begins: Stunning Photos Of West Coast Port Congestion), and with no resolution in sight, it is now beginning to cripple the US economy. Here is not only a brief summary of how the near-strike is impacting various businesses across the US,  but also a map to track the congestion at Long Beach harbor in real time.

 
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The Last Time This Happened, US GDP Crashed By 5%





The last time US weather was this bad, annualized US GDP crashed from 2.3% to -2.9%.

 
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Audit The Fed - And Shackle It, Too





The monetary politburo has every reason to fear Rand Paul’s demand for a “policy audit” of the Fed. An honest one would show that its so-called “independence” has been monumentally abused in a manner which is deeply threatening to both political democracy and capitalist prosperity. Needless to say, we can’t have that audit soon enough. In short, what the nation really needs is not an “independent” Fed, but one that is shackled to a narrow and market-driven liquidity function. The rest of its current remit is nothing more than the self-serving aggrandizement of the apparatchiks who run it; and who have now managed to turn the nation’s vital money and capital markets into dangerous, unstable casinos, and the nations savers into indentured servants of a bloated and wasteful banking system.

 
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The Next War In The Middle East Has Begun And Israel Vows "To Act Powerfully On All Fronts"





Israel and Hezbollah are at war.  On top of everything else that is going on in the world, now we have a new war in the Middle East, and nobody is quite certain what is going to happen next.  Israel has been preparing for this moment for more than 8 years.  So has Hezbollah...

 
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Aircraft Carrier Stennis Has Biggest Ordnance Onload Since 2010





Nearly two weeks ago, we were surprised to read on the Navy's website that one of America's prize aircraft carriers, CVN-74, John C. Stennis (whose crew is perhaps best known for the following awkward incident), as part of an operational training period in preparation for future deployments, just underwent not only its first ordnance onload since 2010, but, according to Senior Chief Aviation Ordnanceman Jason Engleman, G-5 division's leading chief petty officer, "the biggest ordnance onload we've seen."

 
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"Historic" Blizzard To Slam Northeast On Monday Night: Over A Foot Of Snow Expected In New York City





"CHILLY AND BLUSTERY CONDITIONS EXPECTED THROUGH MONDAY. A MAJOR AND POTENTIALLY HISTORIC WINTER STORM WILL AFFECT THE REGION MONDAY NIGHT INTO TUESDAY NIGHT...TRAVEL MAY BECOME IMPOSSIBLE AND LIFE THREATENING. DRIER WEATHER FOLLOWS WEDNESDAY INTO EARLY THURSDAY...BUT WILL HAVE TO WATCH FOR ANOTHER CHANCE OF SNOW BY THE END OF THE WORK WEEK." - National Weather Service

 
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Kansas Officials Admit "Strong Correlation" Between Quakes & Fracking





“If the government and the Kansas Corporation Commission care about the people of Kansas and the damages, they will order a moratorium,” exclaims Joe Spease, chairman of the Kansas Sierra Club's fracking committee following a report from Kansas officials, who have been reluctant to link the mysterious earthquakes in south central Kansas to fracking, admitted last week that "we can say there is a strong correlation between the disposal of saltwater and the earthquakes." As LJWorld reports, it's the first time state officials have so clearly stated the likely cause of the earthquakes, which are afflicting a region where fracking is widely used.

 
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The Mysterious Sponsor Behind The Ferguson Protests And Media Campaign: George Soros





There’s a solitary man at the financial center of the Ferguson protest movement. No, it’s not victim Michael Brown or Officer Darren Wilson, or even the Rev. Al Sharpton, liberal billionaire George Soros donated $33million to social justice organizations, according to The Daily Mail's Kieran Corcoran, which helped turn events in Ferguson from a local protest into a national flashpoint. The handouts, revealed in tax filings from Soros's private foundation, were given to dozens of different groups which weighed in on the crisis, helping to keep events and messages at the top of news agenda.

 
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