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Money Watch

UK Daily Mail | HMRC was accused yesterday of taking ‘a smash and grab’ approach with its demand for new powers to seize money directly from people’s bank accounts.

Michael Snyder | Did you know that 77 million Americans have unpaid debts?

Tech Dirt | The Open Technology Institute has put together a thorough paper detailing the many adverse effects the NSA disclosures have had.

Zero Hedge | Having $50 billion of assets under potential seizure is enough to make anyone whince.

Mac Slavo | The fundamentals for owning precious metals as long-term investments have never been better.

Truth Revolt | Admission from new study on proposed regulations.

Michael Krieger | Estelline earns more than 89% of its gross revenues from traffic fines and forfeitures.

Reuters | The 28-nation European Union reached an outline agreement on Friday on its first economic sanctions on Russia.

Michael Snyder | The global economy is structured to systematically funnel wealth to the very top of the pyramid.

The Daily Sheeple | When Greece fell into shambles a few years ago, many economists looked to their ‘debt to GDP’ ratio for an explanation.

Zero Hedge | Does it feel like you’re poorer?

Washington’s Blog | It is up to us to educate ourselves about money and banking.

Truth Revolt | The municipal water authority in Detroit has been trying to collect on overdue bills, to the tune of $10M dollars.

Daily Caller | President Obama put his rosy glasses on for an interview with CNBC on Thursday.

Coindesk | The last two months have seen no shortage of positive bitcoin news.

Zero Hedge | Farmers in California’s Central Valley are paying as much as 10 times more for water than they did before the state’s record drought cut supply.

Business Insider | Filmmaker Michael Moore is again being scrutinized over his lavish properties and material wealth.

London Telegraph | Russia will be unable to raise funds under EU sanction plans, according to reports.

Zero Hedge | It had to happen!

Chris Carrington | Segregation is alive and well and lives in New York. Let me introduce you to the ‘poor door’.

CNS News | The price of beef and bacon hit its all-time high in the United States in June, according to data released Tuesday by the Bureau of Labor Statistics (BLS).

Zero Hedge | Venezuela’s transformation to a socialist utopia has been well-documented on these pages.

Zero Hedge | Sure, why not…

Daily Caller | Australia’s repeal of its controversial carbon tax last week has gotten other countries thinking about ditching their own carbon dioxide emissions reduction schemes.

Coin Desk | San Francicso-based Stripe, a company that offers API-based payment systems, has published a blog post examining how it expects the bitcoin market to develop.

Lew Rockwell Blog | Which enemy are we going to subsidize and sustain next?

Joshua Krause | As Chinese President Xi Jinping was visiting South America this week, he announced his desire to build an intercontinental railroad across South America.

Truth Revolt | Obama ensured that economic growth is to be “broadly shared” from the “middle-out.”

Martin Armstrong | This idea that we live in a world where government cares about us is just the biggest propaganda ever.

Mac Slavo | Remember Peggy Joseph?

MarketWatch | U.S. stocks are now about 80% overvalued on certain key long-term measures.

The Washington Times | Mr. Cole also assured Congress that his department didn’t conspire with the IRS to try to target tea party groups.

London Telegraph | A vast wash of dollars flooded the global financial system when the Fed cut rates near zero and then bought $3.5 trillion of bonds. This may now go into reverse.

CNS News | Over the next 25 years, federal debt held by the public will exceed 100 percent of the nation’s Gross Domestic Product (GDP).

Zero Hedge | It took just a little over an hour for Vladimir Putin to respond to the latest, most provocative and toughest round of US sanctions yet.

Paul Craig Roberts | The first two days this week gold was subjected to a series of computer HFT-driven “flash crashes”.

Zero Hedge| “There are always people who say the dollar is going to be replaced, but it hasn’t happened.”

Martin Armstrong | The US Justice banking penalties are becoming a threat to the dollar.

Coindesk | LinkedIn co-founder, early Facebook investor and Greylock Partners partner Reid Hoffman has declared his enthusiasm for bitcoin.

Prison Planet.com | Santelli is back with more no nonsense analysis.

New American | Reinvestment is beginning to show up in the statistics.

Zero Hedge | Gold is down 2.5% – the biggest daily drop since early Dec 2013.

London Telegraph | Jaime Caruana says investors are ignoring prospect of higher interest rates in the hunt for returns.

Erico Tavares | The expectation is that a more robust economic environment requires more power.

Michael Snyder | Most people have never heard of Jaime Caruana even though he is the head of an immensely powerful organization.

Lars Schall | Instrumentalities like the national banks or the federal reserve banks, in which there are private interests, are not departments of the government.

Prison Planet.com | Alex invites economist and television broadcaster Max Keiser to discuss the dollar’s slow-motion collapse.

Adan Salazar | More than $100K spent solely in the month of June illustrates how surge is weighing on local economies

WSJ | France wants to know who’s using bitcoins—and then tax them.

Zero Hedge | Chinese oligarchs, scrambling to launder their “hot” domestic money abroad.

Watch the News

Keith Olbermann Trash Talks Drudge, Infowars In Bizarre Twitter Rant See the rest on the Alex Jones YouTube channel.

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