Big Oil, Big Spills—Your Tax Dollars At Work

March 22, 2014, witnessed another oil spill in U.S. waters when a tanker full of marine fuel oil crashed into a barge in the Houston Ship Channel. The spill closed all traffic through the channel for three days. Nearly 12% of the U.S. refining capacity came to a halt during the closure. The spill came as the nation marked the 25th anniversary of the catastrophic Exxon Valdez spill that dumped 11 million gallons of oil on the Alaska coast.

Just a month before, on February 23, an oil barge collided with a tugboat Near Vacherie, Louisiana. The resulting oil spill closed a 65-mile run of the Mississippi River and endangered water supplies for communities along the river. Dozens of critical shipments backed up behind the spill location.

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Rising Food Theft Early Warning of Food Insecurity

The history of the U.S. Wild West frontier is rich with tales of gunslingers and cattle rustlers. Even though it seems like a crime of yesteryear, in fact incidents of cattle rustling have spiked in recent years, right along with the price of beef. But have you heard of pistachio and maple syrup rustling? In a nation relatively rich and well-fed, what is behind the rise in agricultural crime? Could the food insecurity that has sparked political turmoil in other parts of the world become a problem for the United States?

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U.S. Debt Ceiling Suspended Till Feb 7, Feb 8th Debt Limit Increased, Precedent to Be Rolled?

Despite silence and zero denials from the conventional media outlets, our post Media Gets It Wrong — Debt Ceiling Suspended (Permanently), Not Raised, appears to have got it right and offers a cautionary observation on prospects for the value of the Federal Reserve’s dollar in the months and years ahead.

Despite a big to-do about the impending Congressional battle over raising or refusing to raise the debt levels in one way or another (ceiling began in 1917), the newly enacted law of the land in the U.S. remains unmentioned in mainstream media, with annual theater proceeding just as it has for hundreds of years. 

On October 20, 2013, U.S. law changed to transfer final spending authority from the legislative to the executive branch. The little-noticed yet epic transfer of power was enacted as part of the Continuing Appropriations Act passed on October 17, 2013.

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Singapore - The New Switzerland

While most of the world clings to its doomed global fiat currency system, desperate to keep the Ponzi scheme afloat for as long as possible, a small number of governments have set up laws that anticipating the changes, and will benefit their neighbors and citizens.

Singapore took one more step towards becoming “the new Switzerland,” as Mike Maloney often calls it, when Swiss precious metals refiner Metalor decided to build a new refinery on the Pacific Rim, as reported by Metalor Group CEO Scott Morrison:

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Jobs Reports to Be Taken With Grain of Salt

On the first Friday of every month, the Bureau Of Labor Statistics (BLS) issues the Jobs Report. This report oftentimes is a predictor and influencer of future economic reports. For this and many other reasons, the rhetoric surrounding these reports is filled with political posturing. To cut through the hot air to the true picture, it’s important to understand what the Jobs Reports say… and don’t say.

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Fiscal Cliff Drama Fosters Economic Ignorance

Ever since the November elections, the primary stories in the media have been about one aspect or another of the so-called Fiscal Cliff. Most of these reports fail to address fundamental economic realities. The lack of clear and accurate media reporting, on the one hand, and the fallacies that are promoted, on the other, are in part responsible for the fact that most Americans are tragically ill-informed about how the economy and our global monetary system work, and thus ill-equipped to protect themselves and provide security for their families. Let’s take a look at some surprising facts:

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Peru’s GDP Growth Demonstrates Less Market Intervention is More

As Western investors continue to agonize over the United States’ impending “fiscal cliff” and whether Europe’s recent currency expansion and debt relief programs will save the euro, the nation of Peru, little noticed by pundits and major media outlets, is providing an example of how to do things right. Both the media and the leaders of the world’s largest economies might do well to borrow a page from Peru, which has consistently delivered GDP growth of between 6% and 9% year over year. So what is Peru doing right that the rest of the world is doing wrong?

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Halloween Video Guide to Exchanging Candy

Candy Candy Candy: The Halloween Video Guide to Exchanging and Trading Candy

Kid-safe Version of Buzzfeed's Halloween Guide to Trading Candy.

Credit for the original video:

We did remove a few frames for our family readership.

Yes, as the Halloween video states, “unfortunately, Butterfinger, Almond Joy, and Mounds [bars] should be set aside for the mom-and-dad tax,” because parents will be needing the calories due to rationing groceries as a result of rampant unemployment. Because, for all of the Americans who thought they actually had jobs this Halloween, thanks to the figures from ADP payroll service, sorry, you are still unemployed.

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Gas Prices First Wave of Price Inflation

Somewhere around October 5, gas prices in California spiked overnight, with prices going up by 30 cents to 45 cents throughout the state. The immediate question on the minds of most California drivers was, why?

In fact, this is a question that is asked often in California, as the volatility of gas prices causes a range of emotions, from anxiety and anger to aggravation and annoyance. Because rising gas prices can have such a profound effect both on household finances and economic prosperity, let’s take a look at the various factors that can and have caused the price of gas to fluctuate so drastically.

The most obvious factors are the supply and demand of both gasoline and dollars. As reported by Bloomberg earlier this month, an interruption in gasoline supply from refineries led directly to reduced availability to retailers.

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"PhD Standard" Failure Displays Pretense of Knowledge in Full Bloom

For too long, the economy has been run by people with lots of letters behind their names—all of whom are certain they know better than the markets and even better than history. They are the academic elite running the Federal Reserve and other central banks worldwide, arguably the most powerful, influential group of people in the world. There’s just one problem: Their solutions aren’t working.

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