Dick Bove: US banks have been ‘nationalized’

Now you have an indication of just how desperate the government is to find funds so it can fix the transportation system — if it’s really going to go towards that in the end, that is. Not only that, raiding (nationalizing) the banks is going to force banking to become more expensive and the fees are always passed on to the consumer. A new hatred towards bankers will begin thanks to the government plundering its own banking system, which in the end is its own people.

 

A transportation bill in Congress has put the U.S. well on the road to socialism, Dick Bove said Monday.

The bipartisan Senate bill, announced in July, would cut the dividend paid by the Federal Reserve to banks each year from 6 percent to 1.5 percent, and the difference would go toward funding highway projects Continue reading

Obama admin asserts dominion over creeks, streams, wetlands, ditches — even big puddles

President Obama’s administration on Wednesday claimed dominion over all of America’s streams, creeks, rills, ditches, brooks, rivulets, burns, tributaries, criks, wetlands — perhaps even puddles — in a sweeping move to assert unilateral federal authority.

The Environmental Protection Agency, along with the Army Corps of Engineers, says it has the authority to control all waterways within the United States — and will exercise that authority. Continue reading

California governor orders mandatory water restrictions

This is only the beginning of a ‘mega drought‘, say experts. The worst in a thousand years.

California has no backup plans whatsoever and Nevada has struggled with the issue for years already.

 

ECHO LAKE, Calif. (AP) — California Gov. Jerry Brown ordered officials Wednesday to impose statewide mandatory water restrictions for the first time in history as surveyors found the lowest snow level in the Sierra Nevada snowpack in 65 years of record-keeping.

Standing in dry, brown grass at a site that normally would be snow-covered this time of year, Brown announced he had signed an executive order requiring the State Water Resources Control Board to implement measures in cities and towns to cut the state’s overall water usage by 25 percent compared with 2013 levels.

The move will affect residents, businesses, farmers and other users. Continue reading

Turkey, Iran eye customs deal

Turkey and Iran will implement single customs territory to facilitate trade between the two countries, Turkish Customs Minister Nurettin Canikli announced Wednesday.

Continue reading

A worldwide undersea gold rush is coming

An undersea gold rush could be coming soon with the rising cost of minerals and advancements in technology opening the seafloor to mining – environmental concerns not withstanding.

The United Nations International Seabed Authority (ISA) last week published a study on what frameworks would be necessary to ensure that mining is done responsibly. Commercial mining operations could begin as soon as 2016, but ISA acknowledged that there will be “inevitable environmental damage” and identified a “Catch-22″ where firms have not demonstrated appropriate competency and skills but must first start mining to gain them. Continue reading