Intended or not, the Fed’s destruction of the dollar’s value has pushed prices of commodities that Americans need — such as instance food, cotton and oil — higher.
The big news this week in terms of ginormous government transfer payments is, as usual, out of the Fed, as it embarks on an equally ambitious and ill-fated mission to buy $600 billion of US Treasury debt. Unsurprisingly, it’s not the only immense transfer of wealth taking place between governmental bodies. As spotlighted by Meredith Whitney, CEO of the Meredith Whitney Advisory Group, the feds are continuing to subtly bailout state governments at record levels and in an ongoing and unsustainable fashion which she describes in a recent WSJ opinion piece.
Amid mounting frustration over taxation and banking problems, small but growing numbers of overseas Americans are taking the weighty step of renouncing their citizenship.
“What we have seen is a substantial change in mentality among the overseas community in the past two years,” said Jackie Bugnion, director of American Citizens Abroad, an advocacy group based in Geneva. “Before, no one would dare mention to other Americans that they were even thinking of renouncing their U.S. nationality. Now, it is an openly discussed issue.”
Don’t worry, it’s for your own good.
Spokane County residents may want to avoid backyard sunbathing in April.
That’s when county Assessor Ralph Baker wants to take a series of high-resolution, low-altitude aerial photographs that promise to make goose pimples visible around the globe.
At least, the photos would show new swimming pools, cabanas, decks and workshops.
Most are familiar with those commercials on television promoting prescription drugs that supposedly offer relief from a variety of ailments, if one would only pressure one’s doctor to obtain them. They have become a source of great entertainment and amusement to some, the kicker coming at the end of each commercial when the FDA-approved medication’s obligatory litany of warnings and dangerous side effects is recited: “Tell your doctor if….” and “Side effects may include…..” Some of the warnings are mild like diarrhea and constipation, some list serious effects like cancer or tuberculosis, and others admit that sometimes even death can result.
The economic elite have robbed us all. The amount of suffering in the United States of America is literally a crime against humanity.
This letter was sent to us, anonymously, regarding the Nash County Commissioners meeting on February 1, 2010.
At this morning’s meeting, commissioners again sat silently until a vote was taken on just how to finance the new school construction. They then stuck it to the voters.
The usual procedure, per the N.C. Constitution, for floating a bond, is to list it on the next ballot for voter approval. The idea of getting voter approval to increase our indebtedness started to backfire as governments attempted to take us deeper and deeper into debt and the voters began to reject some of these bonds.
So, our legislature devised a bypass around the people by passing a law whereby some of the public buildings can be listed as collateral for the bonds instead of listing the good faith and credit of the people. By doing this, they can float a bond without ever asking the voters for approval.
At this mornings commissioner meeting, they once again rejected a bond referendum using the excuse of the urgency of the moment. The vote was 4-3 with the four tax and spend democrats voting to take the short-cut. When given an opportunity by Commissioner Wayne Outlaw to assure the voters that a tax increase would not be necessary, the same four democrats again declined to add such a statement to the financing resolution.
Three of these commissioners are up for re-election even though two of them are insulated and protected by racial gerrymandering.
It’s great to know that our county commissioners have no problem saddling future generations with debt.
The program, formally known as the American Recovery and Reinvestment Act of 2009, attempts to stimulate the country’s economy by increasing federal spending and cutting taxes, at a total cost to the government of $862 billion.
The above paragraph in the article mentioned here shows the typical government line of thinking.
Government gets it’s revenue through taxing us. If government thinks it needs to spend more to “help” us out, how can it truly cut taxes? It can’t. You’ll be paying for this, as well as generations to come.
and DOESN’T Move.
We (the United States) tax everything that moves and doesn’t move, and that’s not what we see in Pakistan,” she said.
This is in reference to how little is taxed on the GDP of Pakistan versus the United States of America.
This article from the Von Mises institute is as relevant today as it was in 2003. Government schemes to take from some in order to benefit others, always end up being destructive for all. The leftist refuse to admit this and continue on every level of govenment by telling us all the wonderful things they are going to do for some with our money.
In this time of raising taxes indescriminately, increasing the rates on utilities for which we are captured customers, and seizing title to property through forced annexation, every politician, administrator,appointee, school teacher, professor, and individual citizen needs to read and understand this.
Government with its inefficiencies can’t take from one, give to another, and make everyone whole through the pipe-dream good of society they are so fond of using as an excuse to steal.