Soros, central banks buying deep into gold, causing inflation and high interest rates – gold expert

 

American hedge fund billionaire George Soros is back in the headlines after revelations that the shadowy political donor has been hiding his fortune from US regulators with at least three offshore companies, including Mossack Fonseca, the firm exposed by the Panama Papers leak. While it seems like this slipped by the mainstream media, another controversy seems to have even more so. The notorious billionaire has sold off an entire third of his stocks and bought a $264 million share in the world’s largest gold mining company. If history teaches us anything, Soros is a great financial mastermind who hatches schemes with global impact. Gold expert and Regal Gold Assets CEO Tyler Gallagher joins “News With Ed” to talk about it.

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There was no violence in Nevada convention. I was there 8 hours – Nina Turner

 

RT America | May 18, 2016

Senator Bernie Sanders issued a stinging rebuke to the Democratic Party’s leadership for criticizing his supporters’ protests at the Nevada convention last weekend, saying it had used its power “to prevent a fair and transparent process from taking place.” The mainstream media has used the word “violence” to describe some political angst vented by Bernie backers that night. However, not everybody agrees with that assessment, as Nina Turner, national surrogate for the Bernie Sanders campaign, tells RT America’s Ed Schultz.

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Oil Company to Face Felony Charges Over Massive California Spill

In this May 21, 2015, file photo, workers prepare an oil containment boom at Refugio State Beach, north of Goleta, Calif., two days after a ruptured pipeline created the largest coastal oil spill in California in 25

 

Samantha Page | Think Progress | Reader Supported News | May 18, 2016

he company responsible for spilling 140,000 gallons of oil on the Pacific coastline near Santa Barbara, California, has been indicted on 46 charges, including four felony charges. One employee of Plains All American Pipeline was also indicted.

The company faces up to $2.8 million in fines plus additional costs and penalties, which would be split between the state and Santa Barbara County. The employee, 41-year-old environmental and regulatory compliance specialist James Buchanan, faces up to three years in jail.

“Crimes against our environment must be met with swift action and accountability,” California Attorney General Kamala Harris said in a statement. “This conduct is criminal and today’s charges serve as a powerful reminder of the consequences that flow from jeopardizing the well-being of our ecosystems and public health.”

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The DEA Is Getting Dragged ‘Kicking and Screaming’ Into the New World of Marijuana

A man waves a Colorado flag with a marijuana leaf on it at Denver’s annual 4/20 marijuana rally in front of the state capitol building in downtown Denver, April 20, 2015. (photo: Rick Wilking/Reuters)

 

Christopher Woody | International Business Times | Reader Supported News | May 18, 2016

n April, the US Drug Enforcement Administration (DEA) said it would review marijuana’s classification as a Schedule I drug, considered the “most dangerous class” of substances.

While the DEA’s announcement is a positive sign, many drug policy experts think it’s unlikely the agency will actually decide to change marijuana’s classification, despite a dramatic shift in public sentiment about the drug.

Marijuana’s position in the top tier of the scheduling system — which organizes drugs by their “acceptable medical use and … abuse or dependency potential” — has endured since the 1970s.

“DEA will carry out its assessment of the FDA recommendation in accordance with the [Controlled Substances Act] … and hopes to release its determination in the first half of 2016,” the DEA said in a letter to a group of Democratic senators, first obtained by the Huffington Post.

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Elizabeth Warren: GOP ‘Ringing the Dinner Bell’ for Lobbyists

Sen Harry Reid and Sen. Elizabeth Warren. (photo: Greg Nash/Getty)

 

Tim Devaney | The Hill | Reader Supported News | May 18, 2016

en. Elizabeth Warren (D-Mass.) and fellow Democrats are vowing to block Republican efforts to roll back controversial regulations.

Warren on Wednesday slammed the GOP for connecting policy riders that would overturn regulations to must-pass government funding bills.

In recent years, Republicans have turned to policy riders in an attempt to cut off regulations from the Environmental Protection Agency, Labor Department and other federal agencies.

“It’s like ringing the dinner bell for lobbyists,” Warren said. “They are swarming this place, because they have all sorts of goodies they want to sneak into” the government spending bills.

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Millions More Workers Would Be Eligible for Overtime Pay Under New Federal Rule

Labor Secretary Thomas Perez and President Obama will announce a new rule Wednesday that will expand the number of workers eligible for overtime pay. (photo: Andrew Harrer/Bloomberg)

 

he Obama administration will unveil a new rule Wednesday that would make millions of middle-income workers eligible for overtime pay, a move that delivers a long-sought victory for labor groups.

The regulations, which were last updated more than a decade ago, would let full-time salaried employees earn overtime if they make up to $47,476 a year, more than double the current threshold of $23,660 a year. The Labor Department estimates that the rule would boost the pay of 4.2 million additional workers.

The change is scheduled to take effect Dec. 1.

The move caps a long-running effort by the Obama administration to aid low- and middle-income workers whose paychecks have not budged much in the last few decades, even as the top earners in America have seen their compensation soar. The last update to the rules came in 2004, and Wednesday’s announcement is the third update to the salary threshold for overtime regulations in 40 years.

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Democratic Leadership Needs to Understand That the Political World Is Changing

Bernie Sanders | Reader Supported News | May 18, 2016

.S. Sen. Bernie Sanders on Tuesday issued the following statement:

“It is imperative that the Democratic leadership, both nationally and in the states, understand that the political world is changing and that millions of Americans are outraged at establishment politics and establishment economics. The people of this country want a government which represents all of us, not just the 1 percent, super PACs and wealthy campaign contributors.

“The Democratic Party has a choice. It can open its doors and welcome into the party people who are prepared to fight for real economic and social change – people who are willing to take on Wall Street, corporate greed and a fossil fuel industry which is destroying this planet. Or the party can choose to maintain its status quo structure, remain dependent on big-money campaign contributions and be a party with limited participation and limited energy.

“Within the last few days there have been a number of criticisms made against my campaign organization. Party leaders in Nevada, for example, claim that the Sanders campaign has a ‘penchant for violence.’ That is nonsense. Our campaign has held giant rallies all across this country, including in high-crime areas, and there have been zero reports of violence. Our campaign of course believes in non-violent change and it goes without saying that I condemn any and all forms of violence, including the personal harassment of individuals. But, when we speak of violence, I should add here that months ago, during the Nevada campaign, shots were fired into my campaign office in Nevada and apartment housing complex my campaign staff lived in was broken into and ransacked.

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Donald Trump’s Attempt to Destroy Press Freedom Is Reminiscent of 1930’s Fascists

Robert Reich | Robert Reich’s Facebook Page | Reader Supported News | May 15, 2016

f Donald Trump’s many fascistic tendencies, his treatment of the media — “disgusting reporters” he calls them – replicates the tactics of demagogues since the 1930s:

1. Banning not just reporters but even publications that have covered him negatively from covering at his public events, while giving campaign credentials to extremist outlets like “Political Cesspool,” a radio show that labels itself “pro-white.”

2. Inciting crowds against the media.Trump regularly whips his crowds into an anti-media frenzy and urges his fans to boo the press pen. Hostile rhetoric toward the press is a staple of his events. “I would never kill them, but I do hate them,” he said of the press in December. “And some of them are such lying, disgusting people.”

3. Throwing reporters out of Trump rallies. Last weekend, Michael Mayo, a columnist for Florida’s Sun-Sentinel, was threatened with arrest if he didn’t leave a Trump rally in West Boca after he entered through the public line and tried to film protesters. The campaign has reportedly begun to intersperse plainclothes security officers amid the crowd to root out anyone who is not a true Trump fan.

4. Using violence against reporters. Two weeks ago, a Secret Service officer watching over the press section choked Time photographer Chris Morris and slammed him to the ground when he tried to venture out of the media pen.

5. Threatening the media with libel. Last month, Trump vowed to make libel laws more punitive against the media if he becomes president. “I’m going to open up our libel laws so when they write purposely negative and horrible and false articles, we can sue them and win lots of money,” Trump said during a campaign event in Texas.

A free society depends on a free press. Which is why demagogues and fascists like Trump seek to destroy press freedom.

What do you think?

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The Supreme Court Is at Stake: Why the Presidential Election Matters

Judith McDaniel | Truthout | May 15, 2016

A US Supreme Court for the few or the many? Not voting gives your voice to others to decide. (Photo: Zach Gibson / The New York Times)

 

It is no secret that the makeup of the US Supreme Court will be a major issue as the fall election campaigns unfold. And yet, many voters will choose not to vote. “It’s too much effort. I forgot to register when I moved. My vote won’t matter.”

I’ve heard every excuse, but whatever the reason, not voting gives power to others to make decisions that do in fact affect most of our lives.

Examples? Here are some cases and issues to watch.

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Ghosts of ’68 in Election 2016

Michael Winship | Moyers & Company | Reader Supported News | May 16, 2016

Longtime observers of American politics have noted striking parallels between the unpredictable wartime election of 1968 and the bizarre presidential contest of 2016, another time of war and distress, as Michael Winship recalls.

 

atching the mad, mad, mad, mad world that is the 2016 presidential campaign, I was trying to remember a presidential campaign that was as jaw-dropping, at least in my lifetime, and easily settled on 1968.

For those too young to remember, imagine: As fighting in Vietnam rages on and the Tet Offensive makes us all too aware of the futility of our Southeast Asian military fiasco, Minnesota Sen. Eugene McCarthy decides to run as an antiwar candidate against incumbent President Lyndon Johnson.

Supported by an army of “Clean for Gene” college students knocking on doors and making phone calls, McCarthy does surprisingly well, and then New York Sen. Robert Kennedy gets into the race, too. Johnson makes a surprise announcement that he will not seek a second term in the White House and McCarthy and Kennedy duke it out in the primaries.

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