Thursday, 23 September 2010

Jim Rickards- Gold Standard is Plan B and Revalue Gold at $5000+ (Dollar is Collapsing)

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Economic Collapse Leading to Privatized Police and Corporate Mercenaries

'Pastor Terry Jones was recently sent a security bill of $180,000 by the local authorities for his "burn the Koran" uproar. Pastor Jones is clearly another religious hack pushing hatred and division instead of love and peace, but he is still an American citizen with the right to protest and burn whatever book he wishes. His stunt was divisive and an obvious attempt to stir the pot, but for the police to charge a tax-paying citizen for securing an event that never happened is just, well, mind-boggling.

Charging private citizens seems to be a growing trend by public police forces, apparently to cover their budget shortfalls. Anchorage police have begun sending bills to people if officers have to make more than eight trips per year to their homes. In the UK, police sent a man a bill when their car was damaged pursuing the victim's stolen vehicle. These are extreme cases but the precedents threaten to turn the police into a "private" security force.'

Read more: Economic Collapse Leading to Privatized Police and Corporate Mercenaries

Jacques Chirac to Stand Trial for Embezzlement

'The 77-year-old, whose presidency of France ran from 1995 until 2007, could face a ten-year prison sentence and 150,000-euro (£130,000) fine if found guilty. He will be the first modern French leader to face a corruption trial.

Mr Chirac faces charges of abuse of public funds while he was mayor of Paris. It is alleged that he paid 21 allies for doing non-existent jobs as part of his drive for power in the 1990s. Last month, the Socialist mayor of Paris, Bertrand DelanoĆ«, agreed to drop the town hall's civil lawsuit against Mr Chirac in exchange for 2.2 million euros – the amount of taxpayer's money it claimed was misused.'

Read more: Jacques Chirac to Stand Trial for Embezzlement


'Obama Economic Team Admitting Defeat'

'President Barack Obama may finally acknowledge that his economic team and policy have been a failure, says a senior American journalist. Jeffrey Steinberg, a senior editor with Executive Intelligence Review, said the recent resignations of top presidential aides along with the planned departure of the top economic advisor may finally result in US president Barack Obama acknowledging that his economic policy is not working to save America's faltering economy.

On Tuesday, the US administration's top economic adviser, Lawrence Summers, announced his plans to leave after the November midterm elections at the end of the year.'

Read more: 'Obama Economic Team Admitting Defeat'