April 25, 2015

The Oyster And The Egret - Fable

An oyster by the shore opened up it's shell. 

Nearby was an egret who quickly came and put his beak inside.

The oyster closed its shell, trapping the egret's beak. 

EGRET: It's not going to rain today or tomorrow, so you will be dead!
OYSTER: I won't let you go today or tomorrow and you will be dead!

The egret and the oyster both didn't compromise. In the end a fisherman caught them both.

April 22, 2015

Sir Nomsalot's Weekly Financial News Feed #3

Nomsalot, Rabbit Prognosticator
The world's foremost financial news reporting rabbit...Citizen Liberty's Pet, Sir Nomsalot, “The Seer of Seers, the Nomapotamus of all Nomapotamuses!”

Reporting from NomNom Stacija in Riga, Latvia and translated from Bunnyese he had this to say for the 2nd Sir Nomsalot's Weekly Financial News Feed:

"Social news I do not report, but my weekly financial news you should not retort!

Instead of watching the TV, save your time and read the weekly highlights from me." 


Quoting Thomas Sowell, "I have never understood why it is greed to want to keep the money you have earned but not greed to want to take somebody else's money."

Top Links Of April 15-22

FREE: BANKS GET PAID TO BORROW AS EURIBOR DROPS BELOW ZERO FIRST TIME EVER!

Bill Gross: Bonds Are The Short Of A Lifetime

Jamie Dimon Warns

Bonner: Global Debt Binge Worse Than You Imagined

What Happened Last Time Bond Yields Crashed Like This..

Nobel Prize Economist Condemns QE

Doug Casey: World Banking System Troubles

Steen Jakobsen: Get Read For The Biggest Margin Call In History (Podcast)

Smart Money Has Never Been More Bearish

Long-Due Decline?

Federal Tax Receipts Peak

Rickards: Gold Once Again Trading Like Money

Student Debt On The Brink

China Cuts Rates

Communists Take Japan

Greece Staying In Eurozone "No Longer Base Case"

Greek Bonds Yields At New Highs, Spanish, Portuguese, And Italian Follow

Greek Bank Shares At New Lows

Russian Rescue

Gazprom To Athens, EU Anti-Trust to Gazprom

Capital Controls

Parallel Currency?

IOUs?

Finnish Final Fate?

JP Morgan Banning Bans Storage Of Cash In Safety Deposit Boxes

Citibank Economist: Ban Cash

Virtu HFT Explains Why It Lost Money On Just 1 Trading Day In 6 Years

Volker Warns, Calls For Overhaul

Bernanke Employer's Past Words

Clinton To Bring Goldman Back To The Treasury

ECB To Buy Corp Bonds

Another Former IMF Head Arrested

Dutch Central Banker Fired For Being A Nazi Cross-Dressing Dominatrix Nymphomaniac Prostitute

Liberland - New Country Born?

Animal Therapy
Tiny Bird's Extraordinary Migration

Sir Nomsalot is LONG Junior Gold Miners, Silver, Cocoa, Sugar, Uranium, Russia Stock Index.
Sir Nomsalot is SHORT the Russell 2000 Index.

Nom out,
Sir Nomsalot's Weekly Financial News Feed
“Because we work and get paid with money”

If you value this, you can subscribe by email (top right corner) or follow on twitter
There is also a button on the right to donate carrots.
Next Financial News Feed on April 29th.

April 19, 2015

The Farmer Who Waited For Rabbits - Chinese Fable

There was a farmer. He used to work hard on his farm, but all the time he dreamed of an easier way. 

One day he saw a rabbit hop out from a nearby bush. The rabbit, seeing the farmer ran in fear, hit a tree and immediately died. 

The farmer was happy; he got a free dinner and didn't have to work.

The next day the farmer went farming as usual, but he didn't work the way he did before. He often looked over to that same bush and tree waiting to see another rabbit. 

At the end of the day, no rabbits.

The next day the farmer decided to quit farming completely and focus on waiting for more rabbits.

So every day the farmer laid by that tree, resting and waiting for rabbits. 

In the end the farmer never got another a rabbit. Instead he got a deserted farm with no crops.

April 15, 2015

Sir Nomsalot's Weekly Financial News Feed #2

Sir Nomsalot
The world's foremost financial news reporting rabbit...Citizen Liberty's Pet, Sir Nomsalot, “The Seer of Seers, the Nomapotamus of all Nomapotamuses!”

Reporting from NomNom Stacija in Riga, Latvia and translated from Bunnyese he had this to say for the 2nd Sir Nomsalot's Weekly Financial News Feed:

"Social news I do not report, but my weekly financial news you should not retort!

Instead of watching the TV, save your time and read the weekly highlights from me." 



Top Links of April 1-15

TIME UP FOR DEBT AND EXCESS?

Bubble


Mish - Core Unemployment Thesis

Billionaire Peter Thiel: America Not A Democracy Or Constitutional Republic


Billionaire El-Erian Goes All Cash

Billionaire Drunkenmiller: This Will End Badly

Bond King Gundlach: Bonds Most Unattractive I've Ever Seen

Bonner: Next Crash Will Be Worse

Rickards: The Strong Dollar Could Turn On A Dime

FED: Prepare For Flash-Crash

Protester Attacks Draghi, "End ECB Dictatorship!"

CHARITY.GOV - WORLD BONDS GO NEGATIVE!

The Madness Of Negative Bond Yields - Acting Man

FREE MONEY! Loan Is The New Gift!

Mish - Negative Interest Rates For Mortgages in Spain/Portugal INCONCEIVABLE

Sovereign Man Podcast - Not A Currency War But A Currency Siege! 

Hope: An End For Banks?


Introducing The Asian Infrastructure Investment Bank

Venezuela Hyper-Holiday - Bring Your Own Toilet Paper, Soap, Coffee, Sugar, And Milk


Japan Finance Minister: Bubbles Are Good

Australians To Tax Bank Deposits

Speculators Never More Short Gold, Euro

"King Dollar"

Faber: Buy Gold

Louisiana Sets Legal Precedent Banning Cash

Case-Shiller: Home Prices Decline

Shiller, Video

Maine: Working For Welfare

Disabled Is The New Work - Mish

DIY Poverty Trap - Captain Capitalism

Chinese Stocks Boom While Economy Busts

Chinese Taxi Drivers Over The Limit

Andorra: Bank Assets Now 17x Total GDP!

GREECE PREPARES FOR DEFAULT

Junk

Bond Yields Spike

Greek Finance Minster Meets With Famed Bankruptcy Lawyer

Vamos A La Playa: Euro-Zone Unemployment Remains Near All-Time High

Playa A La Putin - Russian Island In The Sun?

Russia Loans

Schiff: Video On Greece

Greek Financial Minister: "We've Had Enough, We'll Run On Bitcoin!"

Nein!

Animal Therapy
Meet The Quokka


Sir Nomsalot is LONG Junior Gold Miners, Silver, Cocoa, Sugar, Russia Stock Index.
Sir Nomsalot is SHORT the Russell 2000 Index.

Nom out,
Sir Nomsalot's Weekly Financial News Feed
“Because we work and get paid with money”

If you value this, you can subscribe by email (top right corner) or follow on twitter
There is also a button on the right to donate carrots.
Next Financial News Feed on April 22nd.

April 13, 2015

Two Monks And A Girl - Fable

Two monks are walking in silence. They get to a river where one must cross by foot to reach the other side. At the river there is a young woman with a long dress. Worried by the current of the river and ruining her dress, she asks if they could carry her across.

One monk hesitates, but the other quickly picks her up onto his shoulders, carries her across the water, and puts her down on the other side. She thanks him, and they part ways.

The monks continue again on their way. As time goes by, the hesitant monk becomes more and more preoccupied. 

Finally, unable to hold his silence anymore, he speaks out. "Brother, our spiritual training teaches us to avoid any contact with women, and not only did you make contact, but you picked her up on your shoulders and carried her! How could you do such a thing?"

"Brother," the second monk replied, "I put her down on the other side, but you're still carrying her."

April 12, 2015

Body Cameras = Less Police Corruption

As you likely know, Body Cams are simple video cameras that can easily be attached to the body. They cost about $50/ea, and logically every police offer should already be required by law to wear them. 

They're both proven to dramatically lower the use of force and false claims by police officers, and as well dramatically lower crime, and complaints against police officers. 

Statistics prove this, but really, anyone in their right mind should have been able to figure this out using basic logic.

The opposition squeals,"video cameras are a violation of privacy!"  Perhaps with that logic we should go ahead and discard all video cameras, in all locations, and also all modern technology and then go back to living like in the Middle Ages. In other words, the same retarded logic as that of ISIS.

The same day last week when I wrote 5 Benefits To Privatizing Police, And How Doing It Before Ended Slavery, South Carolina police officer Michael Slager murdered Walter Scott, an unarmed man, shooting at him 8 times as Scott tried to run away. Then as a bonus Slager threw down his Taser next to Scott's dead body and called it self-defense. It was yet another killing of an unarmed civilian by deranged police (and yet another flight by Al Sharpton in the private jet).

As someone who nearly had their life ruined by these monsters in uniform, I've developed a special kind of hatred and disgust for incidents like this.

Without this video from the passerby's phone, almost surely Officer Slager would not have been charged with murder. Already he had planted his Taser on the victim, and created a false account of self-defense, gathering several false witness statements. 
More likely he would have been praised for his bravery and perhaps promoted. The leftist Huffington Post actually gave a good account of a hypothetical news report that could have been published had the video not surfaced.

See a calm Officer Slager in his own dash cam video, while he knew he was on video. Would body cameras have stopped this killer from executing Walter Scott? Would Eric Garner as well have been saved from being choked to death by NYC police?

In 2012, police in Rialto, CA were equipped with body cameras and the results (shown below) were clear. The use of force by officers fell 60% compared to a year earlier. Also the number of complaints against officers fell 88% (negative for Al Sharpton's career). Other studies have likewise resulted in similar findings; for example Mesa, AZ.


Still, body cameras can't replace the power of citizen witness video. Anyone should consider installing their own dash-cameras, and downloading an app like Bambuser. It's a free app that streams video direct to the internet, so if the police take your phone the video still gets saved.

April 11, 2015

13 Terrible Truths About U.S. Taxes

The U.S. tax code is over 
3 million words long

This is
3 words long
TOTAL, TAX, REFORM.


1.  In 1913 the U.S. tax code was 400 pages and the 1040 form was 4 pages long. 
Today the U.S. tax code has more than 75 thousand pages, 3.9 million words, and the 1040 form is 206 pages long. That's over twice the length of the King James Bible plus the entire works of Shakespeare, COMBINED.  The Obama administration is responsible for about 10% (including a 10% tax on tanning).

2.  Before 1913, the same year the Federal Reserve was created, there was never a U.S. income tax (excluding to pay for the Civil War). This first income tax was 1% with the highest bracket at 7%.

3.  Complying with United States tax code is near mathematically impossible. In 1998 Money Magazine had 46 different tax professionals prepare the same tax return, representative of an average US family. All 46 came up with a different result. 

4.  In 2009, PC World prepared the same tax return with 5 of the top tax preparation software programs. All five came up with a different result. 

5.  Also in 2009, our then Treasury Secretary Tim Geithner was exposed for not paying his taxes correctly. He used Turbo Tax and the error was due to a misunderstanding by both him and his accountant. 

6.  IMF estimates that Americans hide 18 trillion dollars in banks abroad to avoid paying taxes.

7.  The United States and Eritrea are the only countries in the world to tax their citizens on income earned abroad.

8.  The National Taxpayers Union found the U.S. economy lost $224 billion and 6.1 billion hours of productivity last year,“due to the burden of compliance with a complex and invasive tax code.”

9.  The U.S. tax army of 1.2 million tax professionals is more than the total manpower of the U.S. Army, including active duty, reserves, and national guard.

10.  The United States has the highest corporate tax rate in the world at 39.1 percent. According to a 2009 study by Forbes, New York City had the highest corporate tax rate of any city in the world.

11.  General Electric, Boeing, and Verizon are just 3 examples of U.S. Companies with huge profits who have paid no Federal Income Tax.
In 2009, Bank of America, after receiving a bailout from the U.S. taxpayer, made $4.4 billion in profit and paid zero federal income tax. Last year Goodyear Tire, Royal Caribbean, and Wynn Resorts were among the list of S&P 500 companies to make billions in profits and pay no federal income taxes. If you're confused, number 12 explains why.

12.  In 1945 corporate income tax revenue accounted for 40% of total federal revenues. Today this number is 12%; showing how many corporations have left the United States area of taxation, due to high taxation. Instead of simplifying and lowering corporate taxes, Obama's plan is to tax U.S. company's overseas profits. 

13.  A 2012 report by the Journal of the American Medical Association found that during the week before the typical April 15th tax deadline, fatal car crashes increased 6%, relative to the week prior.



Happy Tax Day,
CitizenLiberty.com