By Diana Washington Valdez / El Paso Times
Posted: 08/04/2011 08:30:37 AM MDT
Fighting the border drug war
Entire police force quits in Mexican city of Ascension NPR: Business booms on Mexican border despite violenceMcClatchy: Mexico says its arrests weaken top crime gangs218 homicides in July in JuárezCNN video: Narco films gain popularity in MexicoAlleged La Linea leader admits to involvement in 2010 Juárez car bombingU.S. officials confirm arrest of Juárez cartel leader connected to U.S. Consulate deathsStudy: Mexico homicides rose 23 percent in 2010Juárez security aid loses $4.9M: Gov't says city fell short training policeJuárez 'narco manta' threatens DEA agents, US consulate employeesNY Times: Giraffe a sign of hope in Juárez17 dead after riot breaks out at Juárez Cereso prisonTexas Tribune: Analysts expect Mexican drug violence to continueWashington Post: Juárez police chief brings confidence, and a troubled pastJuárez residents to share solutionsDEA arrests La Familia cartel members in El Paso, Alpine5th guilty plea made in Columbus firearms traffickingTwo police officers among nine killed in Juárez in last 24 hoursMexico cartel issues booklets for proper conductAlbuquerque mom arrested for alleged marijuana smuggling attemptMexican army burns crops of huge marijuana farmUSA Today: On border, peaceful US side torn by Mexican strifeU.S. federal agents allegedly allowed the Sinaloa drug cartel to traffic several tons of cocaine into the United States in exchange for information about rival cartels, according to court documents filed in a U.S. federal court.
The allegations are part of the defense of Vicente Zambada-Niebla, who was extradited to the United States to face drug-trafficking charges in Chicago. He is also a top lieutenant of drug kingpin Joaquin "Chapo" Guzman and the son of Ismael "Mayo" Zambada-Garcia, believed to be the brains behind the Sinaloa cartel.
The case could prove to be a bombshell on par with the U.S. Bureau of Alcohol, Tobacco, Firearms and Explosives' "Operation Fast and Furious," except that instead of U.S. guns being allowed to walk across the border, the Sinaloa cartel was allowed to bring drugs into the United States. Zambada-Niebla claims he was permitted to smuggle drugs from 2004 until his arrest in 2009.
Randall Samborn, assistant U.S. attorney and spokesman for the Justice Department in Chicago, declined comment.
The court in Chicago had a status hearing on Wednesday and ordered the government to respond to allegations in Zambada-Niebla's motion by Sept. 11.
According to the court documents, Mexican lawyer Humberto Loya-Castro, another high-level Sinaloa cartel leader, had his 1995 U.S. drug-trafficking case dismissed in 2008 after serving as an informant for 10 years for the U.S. government.
The European Union's summit solution or no solution? Friday, markets were excited for a day, but now is it just back to reality? Moody's reiterates that its ratings for the eurozone are still negative, with a downgrade still in the card for a number of sovereigns, including, you guessed it, France. Sarkozy says the loss of a triple A (AAA) would not be "insurmountable," and that If the rating companies did "pull it, we'll face the situation coolly and calmly." Really? Maybe for Napoleon this is true, but in Latvia, depositors are already lining up to take their money out of banks, which proves that "cool and calm" is not always something that can be achieved simply by words alone. And this should concern France and the rest of the Eurozone, in light of reports like this latest one by the OECD, which warns that industrialized governments should expect to struggle with borrowing more than 10 trillion dollars this year as they remain at the mercy of the market's "animal spirits." And speaking of bank runs, it's the anniversary of one that started in the US in 1930, credited with bringing down the banking system. So what could stop that from happening today? While people talk about jobs, the deficit, the president...is this the silent threat that could bring down the economy? Peter Schiff of Euro Pacific Capital joins us to discuss all these issues. He is host of the Peter Schiff show, as well as author of many books including "Crash Proof," and "The Little Book of Bull Moves in Bear Markets."
Now, in other news, we learned today that Virginia-based Xe (formerly known as Blackwater USA) plans to unveil a new name—Academi—and new logo. In an interview with The Wall Street Journal, Ted Wright, president and chief executive, said the name change aims to signal a strategy shift by one of the U.S. government's biggest providers of training and security services. Also, despite the growth of government and the very large deficit spending that we have seen over recent years, the White House has proven that it is not immune from the downturn hitting the rest of the real estate market in America. Zillow, the online real estate marketplace, now values the White House at $263,453,600, a drop of $350,200 in the past 30 days, making it a relative bargain. And the place has great walk and transit scores to boot.
"Did a corporation end slavery, or did the *government* end slavery?!?!"
That's the sort of question investment guru and radio show host Peter Schiff fielded as he debated Occupy Wall Street (OWS) protesters last week in New York's Zuccotti Park.
Schiff is no ordinary observer. As the prinicipal of the financial firm Euro Pacific Capital, he's a full-fledged and unapologetic member of "the 1 Percent." As an outspoken radio show host and commentator, he not only predicted the housing crash and financial crisis, he railed bank and auto-sector bailouts as they were happening. Schiff believes that capitalism offers is the only hope for young, frustrated people to have a vibrant and prosperous future. So he went to Occupy Wall Street to engage and debate the protesters.
Touring the Occupy Wall Street scene in New York with a sign that read "I Am the 1%, Let's Talk," Schiff spent more than three hours on the scene, explaining the difference between cronyism and capitalism, bailouts and balance sheets, and more.
"The regulation we want is the market," said Schiff. "That's what works."
Schiff describes himself as "sympathetic" to the plight of the OWS protesters, but thinks their anger is misdirected at legitimate business interests and should be better at the White House, Congress, the Federal Reserve, and the crony capitalists they've bailed out.
If you dig this video, check out a 20-minute-long video from Schiff's day at Occupy Wall Street in which the unflappable defender of true capitalism spars with an eclectic mix of protesters and gets at least some of them to reassess where the blame for financial crisis really lies. That's at YouTube at http://www.youtube.com/watch?v=UGL-Ex1CD1c
Check out Schiff's Euro Pacific Capital at www.europac.net
Listen to his radio show online at www.schiffradio.com
Buy his latest book, How an Economy Grows and Why it Crashes, at http://www.amazon.com/How-Economy-Grows-Why-Crashes/dp/047052670X
Produced by Anthony L. Fisher. Camera by Nathan Chaffetz.
Runs 2.30 minutes. Go to Reason.tv for downloadable versions of our videos and subscribe to Reason.tv's YouTube channel for automatic notification when new material goes live online.
For Reason's coverage of the Occupy movement in New York, Washington, D.C., Los Angeles, and elsewhere, go to http://reason.com/topics/occupy-wall-street
Here's a playlist of Reason.tv's always expanding video coverage of the Occupy movement: http://www.youtube.com/user/ReasonTV#grid/user/3E65B192ADEB84BD
Adam Carolla breaking down the current occupy wallstreet movement in simple terms for everyone to understand. He dives into the cultural reasons that lead us into this situation, as well as the solution to our problems... Very similar to Ron Paul's chapter on envy in his latest book, liberty defined.
something often over looked by preppers is sprouts there cheap full of nutrients loaded with vitamin and easy to store!
sprouting jars and kits on-line can be found for 10-30 dollars check with your local health food store they probley have some as well.
Incase of a emergency you could use a damo paper towel and a plastic bag.
The economy has its ups and downs just like anything in life and the economy as of today is very fragile you have riots and banks collapse on a weekly basis.
I believe as we head on in to the winter it will just look drearier although I like to look at things positive ,I believe we can learn to take care of our selves more and become more self relient and prepare during this time . sprouting seeds and beans will be a great asset even if it is just being snowed in. They take about 3-4 days to sprout enough to make a good salad and you can store in a fridge for a couple days , One thing I also wanted to mention was the last 2-4 hours set them in sunlight and it increases Chlorophyll . This Chlorophyll
increase will weaken the vitamin B2 . I do not always set some in sun light but I do everyother batch.
Visit http://www.goldsilverdvd.com for bonus features - 'How Does Mike Invest?', 'How Did Mike Get Started?' (hear the story of Mike firing his financial advisor), and 'How & What To Buy'. This is the full version of the movie, which features extra parts not yet seen on YouTube: Currency creation, the Federal Reserve, fractional reserve banking, how central banks steal our wealth, runaway deficits, the second wave of mortgage resets, Mike's prediction of short term deflation THEN hyperinflation, New Media, Ron Paul, and the Constitution.
It was fascinating to watch the film again and see how things have moved on since it was filmed in June of 2009. Gold was $950. Silver was $15. The Gold/Silver ratio was 65. You could pick up a monster box of eagles for a cool $8000.
Though the prices and ratios have moved on, the film is entirely relevant and still one of the best ways for a newcomer to get up to speed with gold and silver. It is jam packed with information and calm analysis by the top experts in their field, who have been right since the start of the last decade. If you have a friend or family member who wants to know about metals but you can't find the time to help them understand, or if there is someone you want to help but they just won't listen, or even if you just want to say 'Haha! Told you so!'....do them a favour and send them the link to this movie. Embed it on Facebook. Tweet it. The lot...
At least they won't be able to say 'Why didn't you warn me?' as they ask you for a loan!
"You know, we're in this period where governments are abusing their currencies worldwide, and gold and silver are going to account for all of this. And like I say, there are these brief moments throughout history where the investment with the single greatest potential gains in purchasing power, is also the safest place that you can put your wealth, for the past 5000 years! And I'm not going to let that pass me up, let me tell you!"
Thank you Mike Maloney, neither are we.
If you are digging the cool music at the start and end please 'put down the magazine, turn off the radio, stop listening to the newsman on the television show...' and visit the most excellent musical monster and Monteiths's master Aaron Saxon at http://www.aaronsaxon.com
Contents of the film:
-Currency Vs Money
-United States M3 expansion
-Fiat Currency and how it is created
-The Federal Reserve is neither federal nor has reserves
-Fractional reserve banking
-How central banks steal wealth from the people
-The second wave of mortgage resets
-Out of control deficits
-Gold always accounts for an expanding fiat currency supply
-Gold and silver above ground supplies
-Differences between the 70s bull market and now
-Silver as an industrial metal
-Gold/Silver ratio and the Price Discovery Mechanism
-Growing awareness and New Media
-Ron Paul and the Constitution
-Price suppression via metals leasing
-Fraudulent gold accounting by the US government and the change made in May of 2007
-Price manipulation via ETFs, includes sections of the SLV prospectus
-The privacy of physical precious metals
-Real Estate vs gold and silver - less than 500oz silver to buy a home?
-Dow vs gold and silver
-Why investment advisors won't recommend gold and why 10% of your portfolio in metals is ridiculous