Link
Tuesday, March 31, 2009
Russia backs return to Gold Standard..........
Arkady Dvorkevich, the Kremlin's chief economic adviser, said Russia would favour the inclusion of gold bullion in the basket-weighting of a new world currency based on Special Drawing Rights issued by the International Monetary Fund. Chinese and Russian leaders both plan to open debate on an SDR-based reserve currency as an alternative to the US dollar at the G20 summit in London this week, although the world may not yet be ready for such a radical proposal. Mr Dvorkevich said it was "logical" that the new currency should include the rouble and the yuan, adding that "we could also think about more effective use of gold in this system". The Gold Standard was the anchor of world finance in the 19th Century but began breaking down during the First World War as governments engaged in unprecedented spending. It collapsed in the 1930s when the British Empire, the US, and France all abandoned their parities....Link
Monday, March 30, 2009
How does a Patriot act?.....................
One of the nation’s leading legal rights groups is calling on the U.S. Congress to make major changes in the USA Patriot Act to reverse parts of the hurriedly passed law that have been found unconstitutional or have been abused to collect information on innocent people. On December 31, 2009, three provisions of the Patriot Act will expire unless reenacted. The American Civil Liberties Union (ACLU) says this proves lawmakers with “the perfect opportunity for Congress to examine all of our surveillance laws.” The Patriot Act was rushed through a stunned congress, with virtually no debate, shortly after the terrorist attacks of September 11, 2001. The Act substantially expanded the powers of law enforcement agencies. The ACLU says many of these expanded powers have been abused, and that “the public has yet to receive real information about how these powerful tools are being used to collect information on Americans and how that information is being used.”...Link
Marijuana issue suddenly smoking hot.........
Smoking pot doesn’t cause schizophrenia, but marijuana as an issue sure gives our political system the symptoms. We have just elected our third president in a row who at least tried marijuana in early adulthood, yet it remains illegal. As we discovered again this week, President Obama, like his two predecessors, supports imprisoning people for making the same choices he made. Beyond imprisonment, one of my policy students, who was honest on a security clearance about her one time use of pot, could lose her job for doing what Clinton, Bush and Obama did. On television, leading comedian Jon Stewart and America’s sweetheart, Sandra Bullock, swap pot smoking stories with lighthearted abandon, laughing along with their audience, who, like most Americans, end up voting for politicians who support draconian punishments for pot users and dealers....Link
Sunday, March 29, 2009
Mexican Drug lord says.....Thanks America.
Joaquin "El Chapo" Guzman Loera reported head of the Sinaloa cartel in Mexico, ranked 701st on Forbes' yearly report of the wealthiest men alive, and worth an estimated $1 billion, today officially thanked United States politicians for making sure that drugs remain illegal. According to one of his closest confidants, he said, "I couldn't have gotten so stinking rich without George Bush, George Bush Jr., Ronald Reagan, even El Presidente Obama, none of them have the cajones to stand up to all the big money that wants to keep this stuff illegal. From the bottom of my heart, I want to say, Gracias amigos, I owe my whole empire to you."Link
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