Economy, spending, and debt
This just in from CNN: NEW YORK (CNNMoney) -- The International Monetary Fund issued a report Thursday on a possible replacement for the dollar as the world's reserve currency. SDRs represent potential claims on the currencies of IMF members. They were created by the IMF in 1969 and can be converted into whatever currency a [...]
...or at least so says this article from Omaha.com (props to Zerohedge for the link): Warnings of higher food prices headed for American supermarkets and restaurants were swallowed easily across much of farm country Wednesday. The big gulp came when the U.S. Department of Agriculture reported that global demand had pushed U.S. corn supplies to their [...]
Those of us who are deep cover gold bugs have been predicting the ultimate collapse of the current paper money regime for quite some time. Why? It's really shockingly simple: humans are humans, and are imperfect and subject to temptation. The temptations of solving income and debt problems by printing money are just too great [...]
...and on the three branches of government: the House, the Senate, and the President.... Huh? Well, he looks a little tired. http://www.youtube.com/watch?v=fG0Jpu9geWY&feature=player_embedded
Did you buy a house in good faith, at the peak of prices, only to see the value of that house collapse when the housing market collapsed? Would you like to know why house prices skyrocketed and then collapsed? Are you upside-down in your house? Maybe you are concerned about losses incurred by your retirement [...]
Marc Faber's latest interview is presented with only one comment: listen to what this man has to say very, very carefully. http://www.youtube.com/watch?v=rpfr2SzXpH8&feature=player_embedded
The last not quite two years have been exciting. The Tea Party movement has grown from protests and rallies and inundating Congress with phone calls, e-mails, and visits about pending legislation, to getting real fiscal conservatives elected to Congress. We brought the foundational principles of Constitutionality and fiscal discipline and the issue of mounting debt [...]
The RTP meeting on February 22 will feature James Bacon of www.baconsrebellion.com. He is the author of Boomergeddon and also speaks nationally (CNN and radio talk shows across the U.S. and Canada) about the national debt and out-of-control congressional spending. Read about Jim Bacon. Date: 2/22/2011 Time: 7:00 p.m. Place: James River High School
I have long maintained that the central bank is an instrument of private mega-banking policy, and that that policy is quite simple: attach to an economy and suck the life out of it like a vampire. This makes the central bank similar to Renfield in Bram Stoker's gothic novel Dracula. Any central bank must be [...]
The House of Representatives yesterday, by a 245-189 vote, passed landmark legislation for the repeal of the governmental overreach known as Obamacare. Votes in favor included three Democrats, although Virginia’s Dems voted “nay”. It may help to take time for a call or note to those who have honored well-considered campaign promises. We should [...]
We’ve heard that the CBO scores the Health Care bill somewhere between deficit-neutral and revenue-friendly. How can that be? More taxes, of course. This detailed summary of Obamacare taxes from Ryan Ellis, Tax Policy Director at Americans for Tax Reform, will separate these mythical future savings from soon-to-be real-life costs to us all. It’s class [...]
Interview with Thomas Sowell. About 30 minutes; please follow this link, scroll down and watch:
