michaelsuede

Banks Attack First Amendment Of Blogosphere

The banking oligarchs and our criminal court system have decided that you are too dumb to have time sensitive financial information. Bloomberg reports: Theflyonthewall.com, the online financial news service, was barred from issuing immediate online reports about stock upgrades and downgrades of Barclays Plc, Bank of America Corp.’s Merrill Lynch, and Morgan Stanley… The banks…

Buying "Green" Products Makes You Immoral – Literally

LOL The Association for Psychological Science has issued a new study on how people react after buying “green” products. It turns out that when people do acts of “good” they are then far more likely to do acts of “bad”. The study concludes: Consumer choices reflect not only price and quality preferences but also social…

Stop A Burglar – GO TO JAIL!

The UK insanity continues: When a restaurant owner found two teenage yobs raiding his beer cellar, he chased them and held them while his staff dialled 999. Sal Miah assumed police would commend him for catching the young criminals. But when officers arrived, they arrested 35-year-old Mr Miah on suspicion of assault and battery. Mr…

Lord Bernanke: Banks Should Have No Minimum Reserve Requirement

What?! Lord God Bernanke, Savior of the Human Race, King of Omniscient Interest Rate Knowledge, Master of Printing Press Technology, has declared minimum reserve requirements for banks are dumb. Business Insider reports: Up until now, the United States has operated under a “fractional reserve” banking system.  Banks have always been required to keep a small…

The Texas Textbook Wars

An important read. Mises’s Jeff Riggenbach explains why the changes to textbooks in Texas will have profound impacts on the state of the nation. Jeff explains: The existing description stated that a student who completed that course would be able to “explain the impact of Enlightenment ideas from John Locke, Thomas Hobbes, Voltaire, Charles de…

Salon: Its Hip To Be A Degenerate Parasite On Society

In an epic win for ridiculous reporting, Salon offers us a new hip lifestyle alternative: They’re young, they’re broke, and they pay for organic salmon with government subsidies. Got a problem with that? Magida, a 30-year-old art school graduate, had been installing museum exhibits for a living until the recession caused arts funding — and…

Goldman Sachs Securities Fraud

Senator Ted Kaufman said Goldman may have committed securities fraud on the Senate floor the other day. In a rambling rant, where the criminal Senator declared the need for a total regulatory police state, Kaufman said: At the same time, there are reports that raise questions about whether Goldman Sachs and other firms may have…

European Central Bank Declares Currency Crisis Imminent

The ECB’s Juergen Stark declares we are in for a first world currency crisis and that all of the posted economic gains of the past year (which haven’t been much) are from the bailout programs and that they will not provide any lasting economic support. Zero Hedge reports: The ECB’s executive board member Juergen Stark…