Faber: Cyprus Sets Dangerous Precedent

In his latest interview with Bloomberg, Marc Faber likens the Cyprus Deposit tax to MF Global and sets a dangerous precedent. He goes on to say he’s convinced that governments will take 20-30% of his, and other wealthy individual’s money. Short clip (1:29).

America’s Trust in Government at All-Time Lows

A recent Pew Research study on the topic showed some encouraging results. Americans are, justifiably, becoming more cynical about the Federal Government. And for the first time ever, a majority in the U.S. view Feds as a threat to personal rights.

government-threat-to-americans-rights

 

This next chart shows overall trust in government. Lots of interesting things to note, like the dramatic spike after 9/11.

record low trust in government

 

Also at a new all-time high, 76% of Republicans now say government regulation of business does more harm than good. Democrats, not so much…

opinion poll on government regulation

And now, America’s plummeting view of Congress:

chart of a poll on US view of Congress

Read the full reportĀ here.

Keynesian Economic Toolkit

 

keynesian-economic-tools

 

Rand Paul’s Epic Filibuster: 6 Hours and Counting

Hour 1 of Senator Paul’s filibuster blocking CIA chief nominee John Brennan. At issue: Brennan’s view of drone strike policy, at home and abroad (among other things):

Hour 2:

Hour 3:

Hour 4:

Hour 5:

Hour 6:

Searches for “Rand Paul” are already up 100% on the week according to Google Trends, and that’s delayed. Wait till tomorrow.

It should be noted that Rep. Mike Lee (R) from Utah helped carry out the filibuster, has been consistently anti-drone, and seems to be a well-spoken guy worth keeping an eye on.

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