How “safe” are safe deposit boxes? Read this article that Simon in England sent us: £14 million seized in deposit box search. Did all 7,000 boxes drilled open belong to “master criminals”? I doubt it. Where is the libertarian outcry? There is now hardly any expectation of privacy remaining in the UK, and property rights are fading fast. Take the gap!
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Hawaiian K. sent this piece from the George Washington Blog: The Derivatives Market is Unwinding! This confirms some of my predictions. Take a look at the piece that I wrote about derivatives a couple of years ago: Derivatives–The Mystery Man Who’ll Break the Global Bank at Monte Carlo.
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Zimbabwe Mulls a Z$100 Billion Per Month Minimum Wage. Meanwhile, The Daily Reckoning reports: “And in Zimbabwe, is another story altogether, with inflation going up so fast they can’t even measure it. Prices are said to be increasing at 160,000% to 200,000% per year. But who can tell? There’s nothing to buy.” So we can conclude that if implemented, Zimbabwe’s new “minimum wage” will be overcome by events within days, rendering it useless.
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Larry W. flagged this: Lanier plans to seal off rough ’hoods in latest effort to stop wave of violence. So the term “land of the free” no longer applies to the District of Criminals. How sad to see this happen in the nation’s capitol.