Holiday Shopping Season

While appealing to emotional desires for more stuff we do not need, corporate bottom lines do not want you to realize how close to the fiscal cliff we really are.

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Tuesday, May 31, 2011

James Grant and James Turk discuss gold, the Fed and the fiscal situation of the USA

New video on the end of government pumping of cash into the system, and the destruction of the Dollar.  Also discussed is how gold is undervalued and under-reported by investment banks and the media, but this may be changing very soon.

Video courtesy of Gold Money News

http://www.youtube.com/watch?v=1VcN_Z6L0jM&feature=player_embedded

Monday, May 30, 2011

Kaiser Report - May 26th Gold and Inflation

Max Kaiser reports on inflation, energy, and the growing potential for the US to join in on the world's rebellions.

In the second part, Kaiser speaks with metals economist on the growing strength of gold outside the US.

Thursday, May 26, 2011

Debt, Derivatives and Dominoes - The McAlvany Report

A Look At This Weeks Show:- Why is gold at new highs in the British Pound and the Euro?
- If the dominoes of Greek and Portuguese debt defaults fall, it won’t sink the Euro ship. But if Spain goes next…lookout.
- The “Battle of Frankfurt vs. Wall Street”: Who wins, who loses and how is Goldman Sachs involved?

Listen to MP3 audio of the weekly report.

Ron Paul speaks on House floor of the final days of the Republic

Ron Paul spoke on the House Floor regarding what he sees as the final days of the Republic for the American people.  Endless war, the rise of totalitarianism in the government, a gutting of the 4th amendment, and the American people being kept in a growing police state all lead to the destruction of what is left of our rights, and our Constitutional foundation.

Tuesday, May 24, 2011

Dylan Ratigan of MSNBC shows exactly how the Fed and Banks conned America

Former CNBC analyst, and current MSNBC talk show host Dylan Ratigan laid out a special report on how the Fed, Alan Greenspan, the banks, politicians and others created the system that conned the American people into spending and debt, and how that leverage was used to rob the country of its wealth at no risk to the banks.

Monday, May 23, 2011

Rand Paul on Debt Default

Rand Paul speaks on how Congress took $100 Billion in spending cuts provisions and ended with only $300 Million.

Sunday, May 22, 2011

The new max kaiser report for May 19th

Max Kaiser speaks on suicide banking.  Banking destruction to affect stock markets and institutional positions.

Thursday, May 19, 2011

An argument agains both the Flat and Fair Tax proposals

Under the original foundation of the Constitution, taxes were primarily received through tarrif and excise taxes on goods coming and going from the American shores.  Control over these tax receipts was how the Port of New York became such a powerful entity, that its administrator, Chester Arthur, was elected President of the United States.

This all changed in 1913 with the advent of the Federal Reserve, and the passage of the 16th Amendment (Income Tax).

Since that time, the government has used taxation to increase tax revenues and receipts on the American people to now many citizens pay over 50% of their income in property, sales, excise, to the state and federal governments.

Over the past decade, grassroot organizations that sought to eliminate the 1913 system and incorporate a new tax structure that they consider fairer, and more in tune with original Constitutional taxation.  Two of these tax proposals are the Fair Tax and the Flat Tax.

A new look at both of these taxes by Lew Rockwell shows that each proposal has major flaws, and still do not address the nation going back to the original freedoms and liberties built into the Constitution.

Two specific tax reform plans that many conservatives and some libertarians have fallen for are the Flat Tax and the FairTax. Both plans promise to invigorate the economy, increase employment, and raise everyone’s standard of living. But neither one is true to its name, and neither one is an incremental step toward lower overall taxes. Both are fraught with problems and contradictions, and both are revenue-neutral plans that would fund the federal government at the same obscene level that it is now.

The Flat Tax is an income tax. It is the tax-reform idea that has been around the longest. First proposed by economist Milton Friedman in 1962, the Flat Tax entered the mainstream through a
1981 Wall Street
Journal article by Hoover Institution economists Robert Hall and Alvin Rabushka called "A Proposal to Simplify Our Tax System."

Under a flat tax, everyone’s income is taxed at the same rate (Hall and Rabushka say 19 percent; Forbes says 17 percent). But not only are there no tax brackets, there are generally no tax deductions either, other than those for personal and dependent allowances. Social Security and Medicare taxes would remain as they are now. The appeal of the Flat Tax is simplicity. You can do your taxes on a postcard-sized form says Forbes. Goodbye anxiety and compliance costs.

The main problem with the Flat Tax is a simple one: the Flat Tax is not flat. And furthermore, no one actually pays 19 or 17 percent. In fact, taxpayers don’t even pay the same percentage. The Flat Tax is actually a highly progressive tax. It is more progressive than our current system, and effectively has more tax brackets. Who said progressivity requires graduated tax rates?

The FairTax is a consumption tax. It is the most radical tax reform plan, bar none. It also has the most vocal and intolerant proponents. The FairTax is the brainchild of three businessmen concerned about the crippling effects on the economy of the federal tax code.

The FairTax is a national retail sales tax of 30 percent on the final sale of all new goods and services. All new goods are included – from cars and houses to prescription drugs and food. And with the exception of college tuition, all services are included – from heart operations and funerals to rent and haircuts. Purchases for business purposes would be exempt. Because it would replace the personal income tax, there would also no longer be withholding tax, capital gains tax, the alternative minimum tax, or taxes on interest and dividends. Even your gambling winnings would no longer be taxed.

So why is the FairTax not fair? Well, first of all, what’s fair about a consumption tax? Why is it that people who rightly criticize the income tax are so quick to accept a national sales tax on consumption? The FairTax perpetuates the fallacy that the government has a right to confiscate a percentage of the value of each new good sold and every service rendered. This is no different than claiming that the government has a right to the portion of each American’s income. As the late economist Murray Rothbard explained:

The consumption tax, on the other hand, can only be regarded as a payment for permission-to-live. It implies that a man will not be allowed to advance or even sustain his own life, unless he pays, off the top, a fee to the State for permission to do so. The consumption tax does not strike me, in its philosophical implications, as one whit more noble, or less presumptuous, than the income tax. – Lew Rockwell
In the end, neither tax proposal seeks to take America back to the original foundation of taxation, and the freedom and liberties of people to choose their income levels, and income lifestyles.  Nations that seek the majority of their revenues from their own people, instead of stimulating success and taxing imports from other nations is in part what has led to our divided society, where the rich despise the welfare class, and the poor accuse the rich of being the creators of their problems.

Wednesday, May 18, 2011

Senator Rand Paul proposes a Gas Tax Holiday for the American People

On May 17th, Senator Rand Paul on the floor of Congress proposed a Gasoline Tax Holiday for the American people.

Today, Sen. Rand Paul proposed a plan to reduce the burden on Americans facing ever-increasing prices at the gas pump. This amendment, which will be proposed to any energy bill that comes before the Senate, would eliminate the profit per gallon the federal government receives every time we fill up our cars, and will offset the loss in revenue with cuts to foreign aid. – Campaign for Liberty
You can see the full proposal in the video below.


Tuesday, May 17, 2011

Silver bug Eric Sprott discusses silver raid on market with Max Kaiser

Silver bug, and precious metals analyst Eric Sprott discusses last week's silver raid by the CME, and the fall of silver prices by over $6 in a single day with Max Kaiser in a new interview.

Monday, May 16, 2011

Physical gold coin sales up even with government manipulating paper markets

A new report out by the US mint shows that gold coin sales for May are on track to be the best month in a year, even with the manipulated crashing of the paper futures market.
The U.S. Mint sold 85,000 ounces of American Eagle coins since May 1 as the Standard & Poor’s GSCI Index of 24 raw materials fell 9.9 percent. The last time sales reached that level, bullion rose 21 percent in the next year. Gold will advance 17 percent to a record $1,750 an ounce by Dec. 31 and keep gaining in 2012, the median estimate in a Bloomberg survey of 31 analysts, traders and investors shows. - Bloomberg
When the markets created the paper etf's (SLV and GLD), they provided investors with a deceptive way to buy gold and silver through the paper markets with the belief they were owning real metals.  Unfortunately, gold and silver etf's are worth as much as the paper they are printed on, and good luck ever trying to claim ownership of physical metals through them.

Unlike the past, owning physical gold and silver is a global economic security.  You can take the metals anywhere in the world, and they will be recognized as money, even as the international communities begin to reject the dollar en masse.

Don't be deceived by the fall in price for gold and silver in the futures markets.  The separation from paper and physical gold has already taken place, and all one needs to do is see the prices for coins asked by private vendors such as EBAY, and public coin shops on main street.

Sunday, May 15, 2011

NIA Releases The "College Conspiracy" Video

The National Inflation Association has released their newest bombshell video about the college tuition bubble.  This new look at the true value of college eduction, student loans, and how much it actually gains a worker in today's new economy shows that the old pardigm of education getting you a good job and better income is no longer valid.

Monday, May 9, 2011

Basic Staple Grocery Items and the price changes from last year

With commoditiy prices reaching all-time highs this past month, and the outlook for 2011 harvests being much lower than hoped for due to draught and flood conditions in Europe, China, and the United States, the best place to look for the market inflation is on your grocery store shelves.

Here is a list of basic staple prices, and their change between 2010 and 2011.

1. Bread
What you pay now: $1.41
Last year: $1.37
2. Butter
What you pay now: $3.69
Last year: $3.13
3. Eggs
What you pay now: $1.73
Last year: $1.66
You can see the complete list compiled in an article by Fox Business.

Wednesday, May 4, 2011

Bob Chapman - National Intel Report - FED - Silver Rebound - 05-03-2011

This is an interview with Bob Chapman on the silver manipulation occurring between the banks and regulators to help those with massive short positions.

Sunday, May 1, 2011

Max Kaiser Report on silver and the dollar for April 26th

The following video is the latest report by Max Kaiser on silver and the falling dollar.