Monthly Archives: August 2013
Sales of silver coins by the U.S. Mint are on track for their best year since statistics began being kept, according to data on the mint’s website. Bloomberg reported in June that sales had already reached $24.03 million ounces. The mint set a one month record with sales of 7.5 ounces in January. Sales had to be suspended that month for over a week. Acting director Richard Petersen said that demand for gold and silver coins remains at an “unprecedented level.”
The brisk sales reflect both bargain prices and investor confidence in paper currencies. Silver has led the way in spot price declines over the past year. Silver futures are down 28 percent in 2013. Gold also remains well off its one year highs with spot prices in the 1300s, down from $1,790.30 in September 2012.
House Oversight Committee Chairman Darrell Issa (R-CA) expanded his investigation into the IRS targeting scandal by demanding the FEC turn over five years of communications with the IRS to his committee. Issa took the step after FEC vice chairman Don McGahn told CNN he’d seen an email from FEC attorney William Powers of the FEC’s Office of the General Counsel to embattled IRS official Lois Lerner. Lerner, a former FEC official, was asked by Powers for information over the status of the American Future Fund, even though FEC commissioners had not extended permission for Powers or any other FEC investigators to reach out to the IRS over American Future Fund’s tax exempt status.
After Powers reached out to Lerner, the American Future Fund received an IRS questionnaire. FEC Chairman Ellen Weintraub said she was unaware of any emails between Powers and Lerner:
“If there was any evidence or targeting based on ideology, that would be extremely serious, but I have not seen any evidence of that. I am not aware of requesting or receiving any confidential taxpayer information. I am not aware of any requests for anything that wasn’t publicly available.”
What happens if you’re a celebrity, liberal stalwart, and have a propensity for using homophobic language in online diatribes? You get an MSNBC deal. That’s what’s ahead for Alec Baldwin, according to the Huffington Post, which managed to take some time off of reporting on Justin Bieber’s micturition habits in order to cover Baldwin’s impending deal.
Where’s Angelo Carusone when you need him? The leader of Stop Beck, and Chief Toxic Little Queen, Carusone was last heard from when he hired on at Media Matters to lead their storm troopers in an effort to quash Fox News, because free speech only counts when liberals agree with the speech in question. It’s been three years, and while Carusone and friends continue their quixotic quest to take out Fox News, MSNBC went and hired Alec Baldwin. It’s okay for Alec Baldwin to use gay-bashing pejoratives, because he’s on the side of good and right and seeks to advance the liberal agenda.
The Bacon King Chronicles: Chris Christie uses $4.7 million in Sandy Relief funds to promote himself
The Bacon King, New Jersey Governor Chris Christie, has stirred controversy yet again with his appearance in videos that promote New Jersey tourism. The videos, produced by a politically connected firm, MWW, put Christie and his family front and center. They also cost $2.2 million more than the bid submitted by runner-up firm Sigma Group. Sigma submitted a bid for $2.5 million to run the ad campaign for New Jersey’s tourism industry, but Sigma made no political contributions and its ad campaign did not call for Governor Christie to make an appearance.
The six member bid evaluation team, composed of Christie Administration officials, said the following of Sigma Group’s bid:
“[it] addressed the tasks and deliverables specified in the RFQ (request for quotation) … (and) could effectively meet the requirements of this RFQ.”
On Wednesday, the Office of Personnel Management issued a ruling saying that U.S. lawmakers and their staffs would continue to receive a federal contribution toward the health insurance they will be purchasing in the exchanges under Obamacare. The ruling ensures that lawmakers and their staffs will receive the same health contributions as other federal workers under the Federal Employees Health Benefits Program.
It also enables Congress to avoid any culpability for passing an exemption for its members and their staffs, because this exemption was a backdoor effort by an Executive Agency. Average Americans faced with slashed hours and reduced opportunities for full-time work as a result of Obamacare won’t receive an exemption from a 29 hour workweek, nor will they receive any other relief.
Yes,the Constitution is toilet paper, and you have only to look at the way government behaves to understand why this is the case. Today’s edition highlights a growing practice of state and local governments, civil asset forfeiture. Civil asset forfeiture enables the government to seize your property without charging or convicting you of any crime. That’s because you aren’t on trial; instead, your property is on trial.
In the United States, your property has no presumption of innocence, right to counsel, or any of the other myriad individual rights you have as an actual person. Civil asset forfeiture is a way of holding your property liable for the crime you are suspected of committing. Even though the police cannot convict you of any crime, they can still hold your property accountable for the crime they think you committed.
The New York Times is doing some actual reporting of late, and its wordsmiths are striving mightily to construct sentences that are in dire need of an editor’s tender attentions:
“Timothy Edgar, a former intelligence official in the Bush and Obama administrations, said that the rule concerning collection “about” a person targeted for surveillance rather than directed at that person had provoked significant internal discussion.”
Perhaps the following would be in order, given that the rule is discussed at length in preceding paragraphs:
“Timothy Edgar, a former intelligence official in the Bush and Obama administrations, said that the rule had provoked significant internal discussion.”
Opencurrency.com - As local, state and federal governments continue to spend more than they take in and provide fewer, lower quality services in return for tax dollars, many local communities have privatized. There are now whole cities that are privately owned, with services previously provided by government now provided by the market. That’s a great opportunity for Open Currency.
The federal government runs the military, Social Security and Medicare, interstate commerce and interstate highways. The state government runs public schools, state roads, Medicaid and polices the highways. The county government runs the sheriff’s office, the county roads, public utilities, the libraries, and administers Medicaid. The city government runs zoning, the city schools, garbage collection and other local services.
None of it works very well, especially financially. Governments at every level are bankrupt. Ironically, a bankrupt city government will sometimes get “bailed out” by the bankrupt state government, which in turn may ask the bankrupt federal government for a bailout if the numbers become too bad to fudge.
Our two favorite capitulators, John McCain and Lindsey Graham, have managed to accomplish the unthinkable: Egypt no longer wants U.S. aid. Yes, after Senator Rand Paul and his allies in the Wacko Bird Caucus tried to end aid to Egypt, only to be thwarted by the Senate, Graham and McCain managed to anger Egyptians so much that they are telling the U.S. to keep its billions. When a bill dies 86-13 in the U.S. Senate, it must be the right course of action.
McCain and Graham characterized the recent overthrow of President Mohamed Morsi as a coup, and it matters to McCain and Graham that Morsi was overthrown by a coup. Former Egyptian strongman Hosni Mubarak, not so much, but an Islamist fanatic whose party was enthused about brutally repressing the rights of average Egyptians, yes. It’s no surprise, of course, because these are the same two Senators who want to give jihadists in Syria arms on the U.S. taxpayers dime. After all, they’re freedom fighters, says John
Fonda McCain, who apparently doesn’t mind a coup against Syrian President Bashir Assad.