Fed Approves China’s Acquisition of US Lenders

The Federal Reserve has approved China’s acquisition of American lending institutions.  This has sparked concern that China will subsidize these operations with state funding so they can underprice US banks and capture the American lending market. http://www.businessweek.com/news/2012-05-11/u-dot-s-dot-senator-questions-fed-on-chinese-bank-decision

We’re All Branch Davidians Now

Home | Blog | Subscribe | Podcasts | Donate We’re All Branch Davidians Now by Anthony Gregory Recently by Anthony Gregory: Noninterventionism: Cornerstone of a Free Society Nineteen years ago, just outside Waco, Texas, the FBI demonstrated once again that the state at its core is a killing machine. Monarchy, democracy, or republic – any government as conventionally defined is a legal monopoly on violence. …

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America’s Most Biblically Hostile President

(read ? as quote marks) When one observes President Obama’s unwillingness to accommodate America’s four-century long religious conscience protection through his attempts to require Catholics to go against their own doctrines and beliefs, one is tempted to say that he is anti-Catholic. But that characterization would not be correct. Although he has recently singled out Catholics, …

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Envy and Poverty

by Gary North In 1966, the German sociologist Helmut Schoeck wrote a classic book, Envy: A Theory of Social Behavior. He argued that envy is the root cause of socialism and other forms of compulsory wealth redistribution. Most people think the cause is jealousy. The jealous person says: “You’ve got something I want. I’m going to take …

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BOA Sues — Itself

“Whom the gods would destroy, they first make mad.” — ancient proverb Bank Of America Sues Itself In Unusual Foreclosure Case WASHINGTON — Bank of America is suing itself for foreclosure. “It’s crazy,” housing data analyst Michael Olenick told HuffPost. “They shouldn’t be suing themselves.” Over the past two years, the nation’s largest banks and …

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Why Socialism Never Lasts

Centralized welfare systems are necessarily run by a bureaucratic leadership that cannot master the knowledge needed to manage a complex society. By ALBERTO MINGARDI European Central Bank President Mario Draghi told The Wall Street Journal last month that the “European social model has already gone.” If his fellow Europeans have read Friedrich Hayek, they would also …

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