Picture of the Day: Modern Monopoly!

Wow, I hadn’t seen the modern version of the board game Monopoly in a while.  The one with the “All-New Electronic Banking Unit!”  Gotta get em young I suppose… Like this post? Donate bitcoins: 35DBUbbAQHTqbDaAc5mAaN6BqwA2AxuE7G Follow me on Twitter.

R.I.P. Retirement: 28% of Americans are Raiding Their 401k Plans

This trend has been in place since the financial crisis, but the fact that it is accelerating is extremely disconcerting.  First off, this is not the kind of behavior that should be witnessed in an “economic recovery.”  Second, we need to remember the huge percentage of Americans on food stamps and/or disability.  As I have discussed previously, many of them also have jobs.  So essentially, a wage and a check from the government is still not enough to survive.  They still need to tap into a loan from their 401k plans.

From the Washington Post:

More than one in four American workers with 401(k) and other retirement savings accounts use them to pay current expenses, new data show. The withdrawals, cash-outs and loans drain nearly a quarter of the $293 billion that workers and employers deposit into the accounts each year, undermining already shaky retirement security for millions of Americans.

A report due out this week from the financial advisory firm HelloWallet found that more than one in four workers dip into retirement funds to pay their mortgages, credit card debt or other bills. Those in their 40s have been the most likely culprits — one-third are turning to such accounts for relief.

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Inflation Rocks the UK as Beer Gets Watered Down

These types of stories are popping up with increased frequency throughout the western world.  Products are simply declining in quality, and in many cases these declines are being accompanied by price increases.  Remember my article from a week ago Inflation Hits Coffee as Brewers Secretly Swap Robusta for Arabica.  This is more or less the same story, except this time in the UK and centered around beer.  From CNBC:

Britain’s favorite pint of bitter is being watered down as austerity continues to bite and taxes rise.

John Smith’s Extra Smooth, billed as “no nonsense beer”, is being reduced from 3.8 percent alcohol to 3.6 percent in response to rising costs and reduced beer consumption.

Heineken, which is also raising the cost of the famous bitter by about 2.5 pence a pint, said it was bringing John Smith’s “in line with competitor smooth ales that already sit at or below this alcoholic strength”, including its biggest rival, Carlsberg’s Tetley Smoothflow.

Now here is my favorite line:

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Remembering Internet Prodigy and Activist Aaron Swartz (1986-2013): Your Life is an Inspiration

It takes a person like Aaron Swartz to remind you how little you are actually doing to bring forth social, political and economic justice in this increasingly insane and sick world.  I’m not exaggerating when I say his life was an inspiration.   At 14 years old he helped start the RSS feed system, which so many now use to read content online.  He also co-founded Reddit, and its sale to Conde Nast is what afforded him the resources to dedicate his life to the defense of a free and open internet.  His most remarkable success in this regard was the creation of the organization Demand Progress, which was instrumental in defeating the internet censorship bill know as SOPA (the Stop Online Piracy Act).

He ran afoul of the law due to his actions in the fall of 2010 when he downloaded millions of academic journal articles from the nonprofit online database JSTOR.  While JSTOR could have pursued charges against Aaron for his activities, they decided against it.  However, our Federal Government was not so kind.  They decided to make an example of Aaron and charged him with multiple felonies.  Charges that carried up to 35 years in prison and $1 million in fines.  Aaron was found dead in his Brooklyn apartment this past Friday, in an apparent suicide.

If you had asked me about Aaron Swartz three days ago I could have told you none of the above.  This is despite the fact that I now spend pretty much all of my time trying to read through news and understand the true nature of the world around me.  Even more pathetically, it is despite the fact that a close friend of mine had met Aaron this past summer and was trying to coordinate a time for us all to meet.  Sadly, we never connected.

As part of my tribute to Aaron, I will commit myself even more fully to the cause of freedom in America.  I spent the last 12 hours reading about him and I have compiled some of the most interesting excerpts from various sources below.  Please take the time.

First from the official statement from his family and partner:

Aaron’s death is not simply a personal tragedy. It is the product of a criminal justice system rife with intimidation and prosecutorial overreach. Decisions made by officials in the Massachusetts U.S. Attorney’s office and at MIT contributed to his death. The US Attorney’s office pursued an exceptionally harsh array of charges, carrying potentially over 30 years in prison, to punish an alleged crime that had no victims. Meanwhile, unlike JSTOR, MIT refused to stand up for Aaron and its own community’s most cherished principles.

Next from Lawrence Lessig, the director of the Edmond J. Safra Center for Ethics at Harvard University and the Roy L. Furman Professor of Law at Harvard Law School and friend of Aaron.  He writes:

Early on, and to its great credit, JSTOR figured “appropriate” out: They declined to pursue their own action against Aaron, and they asked the government to drop its. MIT, to its great shame, was not as clear, and so the prosecutor had the excuse he needed to continue his war against the “criminal” who we who loved him knew as Aaron.

From the beginning, the government worked as hard as it could to characterize what Aaron did in the most extreme and absurd way. The “property” Aaron had “stolen,” we were told, was worth “millions of dollars” — with the hint, and then the suggestion, that his aim must have been to profit from his crime. But anyone who says that there is money to be made in a stash of ACADEMIC ARTICLES is either an idiot or a liar. It was clear what this was not, yet our government continued to push as if it had caught the 9/11 terrorists red-handed.

I get wrong. But I also get proportionality. And if you don’t get both, you don’t deserve to have the power of the United States government behind you.

For remember, we live in a world where the architects of the financial crisis regularly dine at the White House — and where even those brought to “justice” never even have to admit any wrongdoing, let alone be labeled “felons.”

From the Huffington Post:

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Greeks Raid Forests in Search of Wood to Heat Homes

Greece just seems to be getting worse and worse.  Being the leading edge of Southern Europe’s descent into 3rd world status, Greece’s lessons are all of our lessons, as I outlined in my piece last year The Global Spring.  From the Wall Street Journal:

EGALEO, Greece—While patrolling on a recent cold night, environmentalist Grigoris Gourdomichalis caught a young man illegally chopping down a tree on public land in the mountains above Athens.

When confronted, the man broke down in tears, saying he was unemployed and needed the wood to warm the home he shares with his wife and four small children, because he could no longer afford heating oil.

Tens of thousands of trees have disappeared from parks and woodlands this winter across Greece, authorities said, in a worsening problem that has had tragic consequences as the crisis-hit country’s impoverished residents, too broke to pay for electricity or fuel, turn to fireplaces and wood stoves for heat.

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Scott Rasmussen: Republican Establishment Declares War on GOP Voters

The following article by Scott Rasmussen offers an excellent description of the escalating battle in America between the citizenry on the ground and the political oligarchs in Washington D.C.  He examines the Republican Party, which after nominating two of the worst candidates possible in the last two elections (and sabotaging Ron Paul) is in total crisis mode as a political party.  From Rasmussen Reports:

Politico explained that while Washington Democrats have always viewed GOP voters as a problem, Washington Republicans “in many a post-election soul-searching session” have come to agree.

As seen from the halls of power, the problem is that Republican voters think it’s OK to replace incumbent senators and congressman who don’t represent the views of their constituents. In 2012, for example, Republican voters in Indiana dumped longtime Sen. Richard Lugar in a primary battle.

So, according to Politico, the Washington team is gearing up a new effort to protect incumbents and limit the ability of Republican voters to successfully challenge establishment candidates.

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Aaron Russo’s Freedom to Fascism

One of the best “red pill” movies out there.  If you haven’t seen this one watch it.  Sadly, Aaron is no longer with us. In Liberty, Mike Like this post? Donate bitcoins: 35DBUbbAQHTqbDaAc5mAaN6BqwA2AxuE7G Follow me on Twitter.

Debut Interview on Fabian 4 Liberty: Trillion Dollar Stupidity

I first heard of Fabian Calvo in the highly successful micro-doc The Madness of a Lost Society, in which we were both featured.  Earlier this week, Fabian invited me on his radio show for a spirited discussion on economics, the monetary system and social/political trends.  I even gave my thoughts on one of the most … Read more

Sign the White House Petition to Audit U.S. Gold Reserves

The following petition just came out a couple of days ago and I think deserves all of our support.  After all, it was the incredible success of the petition to deport Piers Morgan that led to Alex Jones being invited on CNN during prime time earlier this week.  The shady and unaccountable gold dealings that … Read more