http://www.bargaineering.com/articles/fdic-sets-bank-interest-rate-caps.html
Your Take: FDIC Sets Bank Interest Rate Caps by Jim Wang
*** begin quote ***
Federal Deposit Insurance Corporation SealNear the end of May, the FDIC Board of Directors approved a rule that capped the interest rate “less than well capitalized institutions.”
*** end quote ***
And, what part of fascism don’t you understand?
The gooferment is trying to run the banks.
What a joke.
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Leave a Comment » | 
MONEY | Tagged: economic freedom, Economics, Gooferment, limited government | 
Permalink
Posted by reinkefj
http://www.wired.com/threatlevel/2009/06/e-gold/
Threat Level Privacy, Crime and Security Online
Bullion and Bandits: The Improbable Rise and Fall of E-Gold
* By Kim Zetter Email Author
* June 9, 2009
*** begin quote ***
Jackson has finally registered E-Gold with FinCEN, and has begun applying to states for money transmitting licenses. The company is also blocking people who appear on the Treasury Department’s list of Specially Designated Nationals and plans to follow bank procedures for verifying customer income and sources of transmitted funds. There are other plans in works to clean up the system as well.
*** end quote ***
Read this with an eye towards why this fool was targeted.
Think they care about catch bad guys?
Or, could it be that he was undermining their monopoly over “money”.
That stuff they laughable call “money” … Federal Reserve Banknotes.
Paper!
Fiat trash.
No, he was giving people an easy and cheap way to store value.
That couldn’t be “taxed” by inflation.
Imagine how much better the Chinese would be if they had 5T$ of gold as opposed to Uncle Sugar’s little green pieces of paper.
No, anyone who messes with that monopoly, will bring the goons out in force.
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Leave a Comment » | GOLDBUG, MONEY | Tagged: economic freedom, Economics, GOLD, Libertarian | Permalink
Posted by reinkefj
http://www.ibdeditorials.com/IBDArticles.aspx?id=329091224620125
Obama’s Plan For A Debt-Ridden Future
By ERNEST S. CHRISTIAN AND GARY A. ROBBINS | Posted Friday, June 05, 2009 4:20 PM PT
*** begin quote ***
In effect, American families would over time lose an amount greater than an entire year of GDP — a blow far more severe than the damage being done to them by the current recession.
*** end quote ***
Between debt and unfunded liabilities, we are falling further and further behind. Sad to say, we can’t even guess how much we pay in taxes. The politicians have succeeded in hiding and burying taxes in every conceivable manner.
When Obama’s inflation starts, it’ll be too late to react.
Gold! The ancient store of value.
There’s a reason that Jefferson and Jackson were against “central banks” like the Federal Reserve Bank and paper money. Those allow politicians and bureaucrats to hide the true cost of their evil deals.
Imagine how they’d be on the hook, if they could NOT silent tax every dollar in the world with inflation?
Like withholding and corporate taxes, everything gets hidden from view.
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Leave a Comment » | Political | Tagged: economic freedom, Economics, sound money, Tax, Tax Revolt, Taxes | Permalink
Posted by reinkefj
http://www.breitbart.com/article.php?id=D98NEVL80&show_article=1
High court won’t block Chrysler sale
Jun 9 06:27 PM US/Eastern
*** begin quote ***
WASHINGTON (AP) – The Supreme Court has cleared the way for Chrysler’s sale to Fiat, turning down a last-ditch bid by opponents of the deal.
The court said late Tuesday it had rejected a plea to block the sale of most of Chrysler’s assets to the Italian automaker. Chrysler, Fiat and the Obama administration had warned that the high court’s intervention could have scuttled the sale.
A federal appeals court in New York had earlier approved the sale, but gave opponents until Monday afternoon to try to get the Supreme Court to intervene.
*** end quote ***
The bondholders really couldn’t expect “justice” from a gooferment court.
Talk about a stacked deck!
The President’s plan taken before the Government’s Court. And, you expected a different result.
Watch the bond markets now! Nothing is safe from gooferment manipulation.
Now what happens to the Indiana pensioners who just got screwed?
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Leave a Comment » | LIBERTY | Tagged: Bailout, Bailouts, economic freedom, Economics, investments, liberties, limited government, Outrageous | Permalink
Posted by reinkefj
http://online.wsj.com/article/SB124329282377252471.html
* REVIEW & OUTLOOK
* MAY 27, 2009
Millionaires Go Missing
Maryland’s fleeced taxpayers fight back.
*** begin quote ***
Maryland couldn’t balance its budget last year, so the state tried to close the shortfall by fleecing the wealthy. Politicians in Annapolis created a millionaire tax bracket, raising the top marginal income-tax rate to 6.25%. And because cities such as Baltimore and Bethesda also impose income taxes, the state-local tax rate can go as high as 9.45%. Governor Martin O’Malley, a dedicated class warrior, declared that these richest 0.3% of filers were “willing and able to pay their fair share.” The Baltimore Sun predicted the rich would “grin and bear it.”
One year later, nobody’s grinning. One-third of the millionaires have disappeared from Maryland tax rolls. In 2008 roughly 3,000 million-dollar income tax returns were filed by the end of April. This year there were 2,000, which the state comptroller’s office concedes is a “substantial decline.” On those missing returns, the government collects 6.25% of nothing. Instead of the state coffers gaining the extra $106 million the politicians predicted, millionaires paid $100 million less in taxes than they did last year — even at higher rates.
*** end quote ***
Does anyone really think these “liberal” politicians, bureaucrats, and media cheerleaders have any clue about human behavior?
Maybe they should get CSI to look into where all the rich folk went!
Idiots.
Read the Austrian School of Economics and you will find “Human Action”. Humans act. Maybe not ALWAYS rationally, but the do eventually. Unlike the frog in the mythical pot to be boiled, rich people have the most ability and incentive to move.
The loss is worse than the unnamed author makes it out to be!
And, who’s more likely to have a business, hire a staff, and have a big property tax bill? Sure not the low and middle class.
And, by turning up the fire, the gooferment may have induced those 1,000 rich folk to jump before the real estate market collapsed. I can here the conversation at the new (Pick one: Yacht, Tennis, or Country) Club now. “Yes, Muffie, I miss Maryland too. But not 16 grazillion dollars worth. Now here’s a new Mercedes SUV that I bought to console you.”
OK, corny, sure, but you get the idea. Ten per cent of a million is 100k a year. That’s the minimum bite. That is a powerful incentive to move.
Makes you wonder why there are 2,000 left. Cal Ripken is probably one. Who else?
So who gets to make up the missing 200k$ that the politicians planned for? You don’t expect them to cut anything, do you?
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1 Comment | Political | Tagged: economic freedom, Economics, Gooferment, Moral Hazard | Permalink
Posted by reinkefj
Acting U.S. Attorney Edward R. Ryan of the Western District of North Carolina said, “When groups seek to undermine the U.S. currency system, the government is compelled to act. These coins are not government-produced coinage, yet purchasers were led to believe by those who made and sold them that they should be spent like U.S. Federal Reserve Notes. Such claims are in violation of federal law.”
I have never read such blatant nonsense.
Yes, the seek to return the United States to honest Constitutional money. At the very least, this is an exercise in political dissent protected by the First Amendment.
And, any REASONABLE person can instantly distinguish between a “Liberty Dollar” and the a paper Federal Reserve Banknote. Silver and gold are very different from paper.
In order to spend them like a Federal Reserve Note, one would have to have the intent to defraud!
Sorry, this is a political indictment intended to chill any inquiry into the nature of Federal Reserve Banknotes.
And, how is it that the Government has departed from money as defined in the Constitution.
Perhaps, we should be asking “Is the inflation of the value of Federal Reserve Banknotes a government “taking” under the terms of the Fifth Amendment?”
Hopefully, people will see this for what it is. An attempt to keep the people blind to the unConstitutional conduct of their government.
# – # – #
DEPARTMENT OF JUSTICE
Acting United States Attorney Edward R. Ryan
Western District of North Carolina
FOR IMMEDIATE RELEASE CONTACT: Suellen Pierce
JUNE 3, 2009 704.344.6222
http://www.usdoj.gov/usao/ncw Fax: 704.344.6629
FOUR DEFENDANTS INDICTED IN UNLAWFUL COIN OPERATION
Former Executive Director of Liberty Dollar Services, Inc. Charged in Federal Indictment
ASHEVILLE, NC – Bernard von NotHaus, 65, formerly of Evansville, Indiana, and two
additional defendants from Evansville, along with William Kevin Innes, 53, of Asheville, North
Carolina, have been indicted in U.S. District Court for the Western District of North Carolina on
conspiracy and other charges in connection with an alleged unlawful operation to publish,
possess and sell for profit, coins in resemblance and similitude to U.S. coins. All four defendants
are also charged in the alleged conspiracy with uttering and passing, and attempting to utter and
pass, a coin of silver in resemblance of genuine coins of the United States in the denominations
of five dollars and greater, and intended for use as current money. The four are also charged
with one count of mail fraud, while von NotHaus and Innes are both charged in two additional
counts each, with selling and possessing with intent to defraud, Liberty Dollar coins; and with
uttering and passing, and attempting to utter and pass, a coin of silver in resemblance of genuine
coins of the United States of the denominations of five dollars and greater, and intended for use
as current money.
Today’s announcement is made by Acting U.S. Attorney Edward R. Ryan for the Western
District of North Carolina; Owen Harris, Special Agent in Charge of the Federal Bureau of
Investigation (FBI) in North Carolina, and Van Duncan, Sheriff of Buncombe County, North
Carolina.
Acting U.S. Attorney Edward R. Ryan of the Western District of North Carolina said,
“When groups seek to undermine the U.S. currency system, the government is compelled to act.
These coins are not government-produced coinage, yet purchasers were led to believe by those
who made and sold them that they should be spent like U.S. Federal Reserve Notes. Such claims
are in violation of federal law.”
Defendant William Kevin Innes was arrested on the charges on June 2, 2009, and made
an initial appearance before a federal Magistrate Judge in Asheville today. Innes was ordered
detained pending a detention hearing which is now set for Monday, June 8, 2009 at 9:35 a.m.
before Magistrate Judge David Cayer in the federal courthouse in Charlotte, North Carolina.
Bernard von NotHaus, 65, Honolulu, Hawaii
Pending arrest
Sarah Jane Bledsoe, 42, Evansville, Indiana
Pending arrestDistrict of North Carolina; Owen Harris,
– 2 –
Rachelle L. Moseley, 34, Evansville, Indiana
Pending arrest
According to the allegations contained in the indictment, which was returned and filed
under seal by a federal grand jury sitting in Charlotte, North Carolina, on May 19, 2009, since
1998 NORFED, The National Organization for the Repeal of the Federal Reserve and Internal
Revenue Codes, together with its officers, members, associates, and customers (collectively
NORFED), has been issuing, disseminating, and placing into circulation, including by use of the
Postal Service and United States mails, the Liberty Dollar in all its forms throughout the United
States and Puerto Rico. The indictment alleges that the purpose of NORFED is to mix Liberty
Dollars into the current money of the United States, and further alleges that NORFED intends for
the Liberty Dollar to be used as current money in order to limit reliance on, and to compete with,
United States currency.
The indictment alleges that members affiliated with NORFED sell the Liberty Dollar coin
at a greater price than they pay for it, and that the profit for these individuals is the difference
between their discounted purchase price and the price for which they sell the coin. Additionally,
according to the allegations contained in the indictment, a person who is not affiliated with
NORFED pays the face value minted on the coin.
In the allegations of the indictment, Bernard von NotHaus is described as having been the
president of NORFED and the Executive Director of Liberty Dollar Services, Inc. until
September 30, 2008. He is also described in the allegations contained in the indictment as the
monetary architect of the Liberty Dollar and has been the Regional Currency Officer in
Evansville, Indiana where NORFED corporate offices are maintained. According to the
indictment, Bernard von NotHaus designed the Liberty Dollar currency in 1998. The indictment
alleges that William Kevin Innes is the Asheville, North Carolina Regional Currency Officer for
NORFED and one of three members of the NORFED Executive Committee. Also, according to
the allegations contained in the indictment, until around March 2008, Sarah Jane Bledsoe was the
NORFED Fulfillment Office manager in Evansville, Indiana, and Rachelle L. Moseley works in
the Evansville, Indiana corporate office of NORFED and has been employed as the Regional
Currency Office Manager and Chief Operations Officer.
“People understand that there is only one legal currency in the United States. When
groups try to replace the U.S. dollar with coins and bills that don’t hold the same value, it affects
the economy. Consumers were using their hard-earned money to buy goods and services, then
getting fake change in return,” said Owen Harris, the Special Agent in Charge of the Charlotte
Division of the FBI. “No one in this country is above or beyond the law, and our law
enforcement partners will continue to bring violators to justice.”
If convicted, each of the defendants faces a maximum sentence of five years’
imprisonment on the conspiracy charged in Count One and a maximum sentence of 20 years’
imprisonment on the mail fraud charge in Count Two. As to the additional counts with which
von NotHaus and Innes are charged, Count Three (publishing) carries a maximum sentence of 15
years’ imprisonment, and Count Four carries a maximum sentence of five years’ imprisonment.
– 3 –
The indictment includes a Notice of Forfeiture and Finding of Probable Cause that the
defendants forfeit to the United States all of the property involved in the offenses with which
they are charged in the indictment, and all property traceable to such offenses.
The case was investigated by the FBI, and the Buncombe County Sheriff’s Office, with
assistance from the U.S. Secret Service, Treasury OIG for Tax Administration, the NC Joint
Terrorism Task Force, and the U.S. Postal Inspection Service. Acting U.S. Attorney Ryan
express his gratitude to the United States Mint for its role in the indictment. Ryan characterized
the Mint’s role as “significant and vital.” The prosecution is being handled by Assistant United
States Attorney Jill W. Rose of the Asheville Office of the U.S. Attorney for the Western District
of North Carolina.
The details contained in the indictment are allegations. The defendants are presumed to
innocent unless and until proven guilty beyond a reasonable doubt in a court of law.
A copy of the bill of indictment can be viewed by visiting website:
http://www.ncwd.uscourts.gov and clicking on the word “news.”
# # #
Leave a Comment » | MONEY | Tagged: economic freedom, Outrageous | Permalink
Posted by reinkefj
Dear Reader:
This is OUTRAGEOUS. Just as Sadam Hussein of Iraq learned when he suggested that oil be trade in gold, don’t mess with the US’s monopoly on the world’s reserve currency.
(Disclaimer, I think the Liberty Dollar is overpriced versus the spot price of the underlying commodity. But, maybe I don’t understand how expensive it is to mint medallions. They are cheaper than what is offered on the late night infomercials to buy “Liberian Silver” or such nonsense.)
Bernard and the Liberty Dollar folks are threatening to take the country back to Constitutional money of gold and silver. Single handedly! Interesting is they are the size of a gnat on a cow’s butt in comparison to the Federal Reserve. The “establishment” is so threatened as it has to persecute and prosecute them.
See the Establishment can NOT afford to have any one “look behind the curtain”! You might ask the question “What is a dollar?”. That question leads to the more “deadly” question — deadly to their ability to delude the people into allowing the Government have the ability to inflate — “What value does a Federal Reserve Banknote intrinsically have?”. That’s the question that puts a stake thru the heart of the vampire known as the Federal Reserve Bank. Inflation is the silent hidden tax.
(The Federal Reserve Bank is a misnomer. IT ain’t “federal”. It reserves nothing. And, it ain’t a “bank”. It is a private cartel of the elite banks run for their benefit and that of the entrenched politicians. )
(As an aside, just look at the reelection rate of incumbent politicians. And, where they are “replaced”, note that their “replacement” is a member of the opposite “major” party that follows the exact same agenda. And, you wonder why stuff doesn’t change. How can it? The elite are very content with the current system. It’s only the “unwashed” who get screwed. Repeatedly.)
So, the Federal Reserve Banknote allows the politicians to take everyone’s wealth by inflation. So they can have a “welfare / warfare” society and the sheeple don’t even known they are being shorn. In the last thirty years, the dollar has lost more than 95% of it’s purchasing power. Watch the old quiz show “Let’s Make a Deal” and see the price of a new car in the Sixties was less than 5,000 “dollars”. Why does a Government Motors car cost 50,000 now? It ain’t the same dollars. My first house cost 8,000 “dollars” when it was built in the Fifties, why is it worth 350,000 “dollars” now. Did the boards suddenly become more valuable? No, the Government money is worth less and they can’t print houses.
So, here we have the Government desperately trying to reign in the whole concept of “honest money”. There’s an old rhyme “Money has functions four: a medium, a measure, a standard, a store.” See in order to be “money”, it has to be a store of value. The Federal Reserve Banknote is: a medium of exchange (as long as the sheeple believe it to be), a measure (as long as you realize each year it’s different; imagine a measure of length getting shorter every year — giving the Government “more” land to sell), a standard (as long as you don’t mind a standard shrinking every year), and a store (where the rats in congress erode your wealth silently).
That’s why they have to surpress anything that reflects badly upon their “dollar” monopoly.
Forewarned is fore armed!
*** begin quote ***
Begin forwarded message:
From: Liberty Dollar <truth@libertydollar.org>
Date: June 5, 2009 2:35:24 AM EDT
To: reinkefj
Subject: FBI Arrests Bernard, Kevin, Sarah & Rachelle
LIBERTY DOLLAR ALERT:
June 2009 Vol. 11 No. 06-A
Urgent News for All Liberty Dollar Supporters!
FBI Arrests Bernard, Kevin, Sarah & Rachelle
The battle for a value based currency has began!
The last two days have been amazing! Just shortly after midnight on Tuesday, the phone started ringing and I let the answering machine take the call. But very soon there was another call… with an even more urgent message! Very quickly, a friend of Kevin Innes, explained to me that Kevin had been “detained” by the local sheriff and was being held for the FBI to arrest him! Holy Cow!! The #2 supporter for the Liberty Dollar and co-instructor at the Liberty Dollar University training sessions was in deep trouble with the Feds! I was sure to be next. But would they arrive in a few minutes or would it be a pre-dawn Nazi style assault?
Finally, I got up at 4:00 AM. I was very concerned for Kevin and wondered when the FBI would hit me. Fortunately the morning was quickly filled with a flurry of calls from Kevin’s friend, other interested parties, the usual business calls and making preparations for the inevitable knock on the door. But nobody came. Then just after noon, Niles, who’s wife, Rachelle, manages the Liberty Dollar Fulfillment Office, called to tell me that Rachelle had been picked up by the FBI at the LD Office and was due to be arraigned in just a few hours! The FBI strikes again!
Luckily, I was able to talk to Rachelle via her cell phone while the FBI was holding her. I was pleased that the FBI agents were the friendly professional types and afforded Rachelle and I quite a few minutes of private conversation. Under the circumstances, Rachelle’s demeanor and resolve was right on target. And very quickly, I learned that a warrant had been issued for my arrest. And just a quickly, Rachelle was off to court to be arraigned.
Much later in the afternoon, I learned to my surprise that three big FBI agents had arrested Sarah at work. She and Rachelle were arraigned together and quickly released to on their own recognizance (OR) before the sun set on a very eventful day for the Liberty Dollar. The quick, professional effort with Sarah and Rachelle were gratifying and encouraging. Unfortunately, I was to learn that Sarah lost her job because of this event.
By last afternoon it was clear that the Liberty Dollar would be best served by my turning myself in to the to the US Marshals, otherwise know as ‘self reporting.’ After a few calls, I found myself talking to Agent Andy (aka Agent F) who was his usual friendly, chatty self. He even recognized my voice although we had only spoken twice and that was over 18 months ago. Sure enough he confirmed that a federal arrest warrant for my arrest had been issued. And after a bit of gamesmanship with Agent Andy, I agreed to report to the US Marshal’s office in Fort Myers, Florida at 9:00 AM on Thursday morning as it was too late to be arraigned, plus an overnight in jail would have wrinkled by clothes :)
The following morning, Thursday, June 3, 2009, I actually arrived at the Marshal’s office at 8:30 due to light traffic. As the saying goes, “If you gotta do time, do federal time.” Quite simply, the federal boys are better educated, better trained and have better manners. I was immediately escorted to a holding cell. After an hour or less, I met with the Pre-Trila Service rep and made it to court at 11:00 in chains and handcuffs. The female judge was businesslike and granted my request to attend my son’s graduation in Physics from UCLA next week. After fingerprinting, signing a $50,000 Appearance Bond, one final meeting with the Pre-Indictment Service rep, I was free.
In general, the arraignment was a pleasant affair. The US Marshals did their job with very little attitude, as they should. After all, I am self reporting, and it is for anything violent, I just want to prove that I have a right to issue my own currency and if any body chooses to use it then it is a “private contract.” It is certainly not a crime.
And so it came to pass, 2009 years after the birth of Christ, that four regular Americans have taken a stand to defend the People’s right to protect themselves from a government currency that has a long and unforgiving history of stealing the people’s purchasing power. This is a test of individual rights, as protected by the Tenth Amendment. It is the deciding moment that a private voluntary barter currency (PVBC) is legal in the great United States of America. This is a test that the Liberty Dollar must and will pass, for that I have no doubt. But it will not be easy or cheap. Please, if you support our efforts, support us with any kind of money you have, including pro bono services. Now that the Liberty Dollar faces a federal criminal trial, it is the US Government v Liberty Dollar ala Bernard, Kevin, Sarah & Rachelle. Please help us win. Please help yourself win. Please help American win.
Very simply this is a Win or Lose battle. In addition to money for this legal fight we need articles that reference non-government currency, such as Air Miles as currency, legal research assistance, expert witnesses, legal assistance, etc. If you support the ideals of the Liberty Dollar, this is the time to get behind the Liberty Dollar. We critically need your help! Please send your digital info to Legal@LibertyDollar.org and your donations of value including other kinds of “currencies” to:
LIBERTY DOLLAR
225 N. Stockwell Road
Evansville. Indiana. 47715
The best news is that the Liberty Dollar finally has the opportunity to prove beyond a shadow of a doubt that it is legal. Over two years ago I sued the US government for a Declaratory Judgment to resolve the legality issue. And how did they respond, they raided the Liberty Dollar and confiscated over $4 million dollars in gold, silver and cash. The US government has done everything possible to kill the Liberty Dollar! And guess what? It has not worked. The mere fact that the Liberty Dollar is still in business is a testament to your demand for Real Money and the ideals that the Liberty Dollar represents.
Thank you, thank you, thank you for your support! Trust me, the Liberty Dollar is not made up of any fat cats. We are all just regular Americans. And we all just want good money, a lot less government and no damn war!
Click HERE for a stilted Press Release by the DOJ. Its three pages with a whopper by Owen Harris, Special FBI Agent in Charlotte who said, “When groups try to replace the US dollar with coins and bills that don’t hold the same value…” WOW what a telling statement of pure spin.
Click HERE for the 13 page Indictment.
Click HERE for Sarah’s Arrest Warrant.
Guess what?! Liberty Dollar still in business and we need more business! As there has been no Cease and Desist Order, Liberty Dollar remains OPEN FOR BUSINESS. Please visit our shopping cart for all the 2009 Liberty, Peace, Freedom, T-Dollars and more. Don’t be bashful or stupid. Silver is going to the moon, just as sure as the US dollar is going to hell with your purchasing power. Now is the time to protect your purchasing with the “inflation proof” currency and help usher in a new monetary model that provides the only proven, peaceful, and profitable solution to the monetary cancer that has infected America.
OUTSTANDING ORDERS: Please rest assured that we will fill all outstanding orders. Yes, after producing a sizable amount of pre-minted Silver Libertys and finally getting current with most orders, we changed mints and are now behind again. We apologize emphatically! Poor and/or slow delivery is not acceptable business. It hurts everyone. And just when we were about to get current again we were arrested. Please continue to support us with your patience too. We promise to get every order out ASAP. But as I hope you can understand, it is a struggle to run a business, any business, in such an environment and fight a major legal battle for our right to protect our purchasing power
The last few 2009 Arrest Dollars. Are you familiar with the Arrest Dollars? Starting in 2007 and continuing through this year the Arrest Dollar is one ounce Silver Liberty that is specially hand hallmarked with a micro “handcuffs” stamp and my federally registered mintmark. Issued only from the day of the raid to today. The last few 2009 Arrest Dollars are currently on the Shopping Cart. After these are gone, they are gone to eBay for much more money.
The 2009 Tea Party Dollar (T-Dollar) is still available and we are still waiting confirmation on the shipment. We are still expecting to have the first batch order in the first 24 HOURS here for the July 4 events. The T-Dollar is still only a buck for an ounce of copper AND you can still get them for 10% discount to they $1 face value for a 100 or more. Hey, they are only a buck… you can’t go wrong. Plus every copper issue has sold out. Get these while you can and help support our legal efforts tooJ
The 2009 Silver Libertys! The backbone of the Liberty Dollar model is the one ounce .999 fine silver Lib! Just in the last few days, silver has bounced back over $16, soon the 30 day moving average will be $16 and the Liberty Dollar will Move Up again to the $50 Silver Base. PLEASE don’t be dumb and buy silver when it is high. Get it NOW!!! Sure it is not $5 per ounce any more, nor will it ever be again. $5 silver is just not possible with the government spending phony baloney fiat money like a drunken sailor. Please order silver now and protect your purchasing power and profit tomorrow!
Stay tuned to the Liberty Dollar News as we vindicate and validate the legality of the Liberty Dollar. Please take an active role in this exciting and profitable time. Don’t lose out. Get involved with the Liberty Dollar to make money, do good and have fun. I am having as much fun in my 60’s and I did in The 60’s and hope you are too.
Thanks again for your support.
Bernard von NotHaus
Monetary Architect
Editor@LibertyDollar.org
888.LIB.DOLLAR
888.421.6181
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Leave a Comment » | MONEY | Tagged: Challenge, civil liberties, economic freedom, Economics, FED, freedom, Gooferment, Inflation, Libertarian, Morality, Outrageous, PROHBITION, Propaganda, Revolt, sound money | Permalink
Posted by reinkefj
Interesting. Pensions are dead. The Social Security Ponzi scheme is “underfunded” (i.e., a polite way to say broke).
What does one do?
Accumulate 2M$!
Yes, you read it correctly.
$2,000,000
An investment portfolio of of 2M$ at 5% would throw off an annual income of $100,000.
There’s your “pension”.
Was much easier in the old days. The ancient history days of large stable enterprises like IBM and AT&T where one would go and spend a career. Work for forty plus years and leave at 65 with a gold watch and monthly check tht made a comfortable retirement.
Now only politician and bureaucrats have that. They’ve voted it for themselves at the taxpayers expense. (Unfortunately, the joke’s on them. Who will pay the taxes to pay these gold plated pensions? The taxpayers as broke as the gooferment.)
And, don’t be fooled by insurance company annuities. They just take your money for a promise to send you a monthly check. Madoff was a Ponzi. But, don’t think these “insurance companies” are any better than AIG or any Wall Street Financial Firm.
So, you take your 2M$ and invest to diversify getting your 5%.
For those of you who are aggressive savers and entrepreneurs: go for 10M$.
That’s the land of critical mass that Bob Brinker the financial radio show host talks about.
With 10M$, you have have a five year CD ladder with 2M$ in each “rung”, and get your 100K without ever thinking about it. By diversification, you can have it all FDIC insured. That’s about as close to rock solid as one can get.
Now, you may not get to 10m$, unless you’re entrepreneurial. You may not get to 2M$ unless you save your fool head off.
But that doesn’t absolve you from the consequences of not doing your financial planning.
You can only depend upon yourself.
Remember the new sucess formula is:
(1) ruthless financial discipline — no bad debt;
(2) a life long interest in learning — education — a degree — they can’t take it away from you;
(3) a white collar job in order to save big bux;
(4) a blue collar skill for hard times — never saw a poor plumber;
(5) one or more internet based businesses — your store is always open;
(6) a free time hobby that generates income; and
(7) a large will-maintained network of people who can “help” you.
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Leave a Comment » | MONEY | Tagged: economic freedom | Permalink
Posted by reinkefj
http://uk.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUKN2941127620090529
U.S. FDIC restricts interest rates at weak banks
Fri May 29, 2009 3:38pm BST
*** begin quote ***
WASHINGTON, May 29 (Reuters) – U.S. banks that are struggling to stay afloat will not be allowed to aggressively ratchet up interest rates to attract customer money, a top bank regulator said on Friday.
The Federal Deposit Insurance Corp voted to bar a bank with insured deposits from paying interest rates that “significantly exceed” prevailing market rates if the bank is deemed not well capitalized. The new rule better defines what constitutes normal market rates, the FDIC said.
*** end quote ***
Let’s dispose of any doubt that this is a “free market” economy!
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Leave a Comment » | LIBERTY | Tagged: economic freedom, Gooferment | Permalink
Posted by reinkefj
I thought America (i.e., the USA) was founded by LEFT-wing extremists. They were essentially LIBERTARIANS. At least Jefferson was. Everyone other than Hamilton and the Federalists. The Anit-Federalist definitely were LEFT.
imho
The problem is that Democrats have forgotten they are the party of civil liberties and the Republicans have forgotten they are the party of smaller government.
Too bad, Mister Jefferson, it was a nice try. And, too bad, Mister Franklin, we couldn’t keep it.
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Leave a Comment » | INTERESTING | Tagged: civil liberties, economic freedom | Permalink
Posted by reinkefj
http://www.politico.com/news/stories/0509/22794.html
Alan Grayson to introduce Paid Vacation Act
By ERIKA LOVLEY | 5/21/09 4:28 AM EDT
The legislation would be the first to make paid vacation time a requirement under federal law.
*** begin quote ***
Rep. Alan Grayson was standing in the middle of Disney World when it hit him: What Americans really need is a week of paid vacation.
So on Thursday, the Florida Democrat will introduce the Paid Vacation
*** end quote ***
Argh!
What about the unemployed and retired?
Surely, it’s only fair that the Federal Gooferment pay them to vacate as well.
Argh!
This is a hidden tax. It’s unavoidable; hence it’s a tax.
This is an intrusion into the the employment contract. Employer offered and employee accepted. Now here comes Mommy Government to stick its nose in.
Does this mean that the Yankees have to give Alex R a week of paid vacation? He’ll just get into more trouble.
Why limit it to 100 person business? Because then we can’t see the damage!
At the margin, how many businesses will it kill. THe ones holding on by their fingernails financially.
Why don’t we give the congress critters a permanent vacation? Never reelect anyone! Ever!!
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Leave a Comment » | GOVEROTRAGEOUS | Tagged: economic freedom, Economics, Gooferment | Permalink
Posted by reinkefj
http://lifehacker.com/5244024/free-50+page-pdf-of-the-simple-dollars-best-advice
Free 50-Page PDF of The Simple Dollar’s Best Advice
By Kevin Purdy, 7:00 AM on Thu May 7 2009
*** begin quote ***
The Simple Dollar, an oft-Lifehacker-linked personal finance blog, is giving away a 50-page PDF, “Everything You Need to Know About Personal Finance on Just One Page.” Definitely worth the 4.4 MB download.
*** end quote ***
Now I’m no fan of a 4 meg pdf. But, it’s free. (My favorite price!) And this is one of my “usually reliable” sources.
FYI, do what you want. You will anyway.
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Leave a Comment » | MONEY | Tagged: economic freedom | Permalink
Posted by reinkefj
http://www.gold-eagle.com/editorials_08/mladjenovic042309.html
At The Heart Of America’s Economic Problems
Paul Mladjenovic
*** begin quote ***
1. Put an immediate freeze on government spending at all levels.
2. Let failed enterprises (banks, auto companies, etc.) go out of business.
3. Make it much easier to start a business.
4. Put severe restrictions on money supply growth.
5. Cut taxes at the federal, state and local level.
*** end quote ***
If the gooferment wanted to jump start the economy, all they have to do is get out of the way.
Read the entire article for a great set of thoughts about our problems.
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Leave a Comment » | Political | Tagged: economic freedom, Economics, Gooferment, Policy | Permalink
Posted by reinkefj
Just for an “economics lesson”, watch an old “Let’s Make A Deal” on Game Show Network. Pick any episode. They’re all from the Sixities. Watch for the final prize giveaway. It’s usually a car. Guess the price?
A beautiful Buick LeSabre. Base price 3,000 dollars.
Different dollars!
It makes you laugh!
But, it should make us all cry.
Some store of value.
In 40 years, will people be looking back wistfully about what a dollar could buy!
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Leave a Comment » | MONEY | Tagged: economic, economic freedom, Economics, Education, Inflation, Revolt | Permalink
Posted by reinkefj
http://www.dailyreckoning.com/demand-for-gold-is-in-mint-condition/
Demand for Gold is in Mint Condition
By The Mogambo Guru
*** begin quote ***
04/20/09 Tampa Bay, Florida MoneyNews.Newsmax.com had the interesting headline “Mints Rush to Meet Gold Coin Demand.” It starts off with a blockbuster statement, namely that the world is in “crisis mode”. In fact, a report by The Independent in the United Kingdom notes, “With the world economy now in crisis mode, gold coin production is rising” all over the place, with the result that, “As investor appetite for gold increases worldwide, nations which mint coins of the precious metal have hiked production to satisfy the growing demand.”
In fact, demand for gold is so high that “Sales in the United States of the one-ounce gold American Eagle coin, minted from gold bullion, soared more than 400 percent in 2008 over previous sales to 710,000 ounces” which seems like a lot until you remember that the gold mines of the world produce about 80 million ounces of new gold per year, and so 710,000 ounces ain’t really squat, in the Big Scheme Of Things (BSOT).
Even so, a spokesperson for the U.S. Mint said, “Demand for gold and silver has been unprecedented”, although you would hardly know it from my field research, where I randomly accost people on the street and ask them, “Hey! You! Are you buying and/or holding large quantities of gold as a defense against the ruinous inflation in prices that your own stupid government is causing by deficit-spending almost $2 trillion this year alone, when the GDP of the Whole Freaking Country (WFC) is only about $14 trillion, or are you some kind of moron that can’t even answer a simple question?”
*** end quote ***
Hard to imagine how this “train wreck” in Washington is going to result in anything good for the common people. Many of the economists, who profess the Austrian School, know that without gold as money, the “Sovereign” (i.e., the King in the old days; the FED today) will debase the “currency” to the detriment of The People.
Go to the Smithsonian. See the Smithsonian exhibit of French Franc throughout history. From the hockey puck of gold from Louis 1 to the paper thin collar button of Louis XVII! It’s a visual of what every gooferment does with its power to define money for us.
We, The People, need to define for ourselves what money is. And it needs to be anchor is a value that can’t be “counterfeited” by any “Sovereign”!
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Leave a Comment » | MONEY | Tagged: economic freedom, Revolt | Permalink
Posted by reinkefj
http://www.thelibertypapers.org/2009/04/16/keeping-what-what-we-make-away-from-the-tax-man/
April 16, 2009
Keeping What What We Make Away From the Tax-man
by tarran
*** begin quote ***
The story of the 20th and 21st centuries are, if nothing else, the capture of the banking system by the state. It is becoming increasingly difficult for people to amass wealth that is securely theirs. Bank accounts can be confiscated. Their money can be held hostage via a banking holiday. Regulators can learn intimate details of the private affairs of individuals by reviewing the banks’ records.
Those of us who wish to reverse the trend towards an ever more powerful and intrusive state must take the lead to restoring the ability of people to stockpile savings.
How can we do this? There are several ways:
* Create new forms of money that are easily stockpiled. This does not have to be gold and silver, but can be things like cell-phone minutes
* Create new markets to trade without interference
* Create new systems for storing forms of money safely
*** end quote ***
Gold is best!
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Leave a Comment » | MONEY | Tagged: economic freedom | Permalink
Posted by reinkefj
http://channel-surfing.blogspot.com/2009/04/astroturf-part-2.html
Wednesday, April 15, 2009
Astroturf, Part 2
Hank Kalet
*** begin quote ***
Thomas Frank knows about Republicans and populism.
http://online.wsj.com/article/SB123975925509119297.html
*** end quote ***
MY RESPONSE:
“Plastic pitchforks”?
I don’t think so. Admittedly I don’t know. It too could be another gigantic conspiracy.
But, I think not. For the first time in American history, the current generation in power is seeing — a lower standard of living for the next one, a dumbing down of “graduates”, and a net loss in their savings and earning power.
It makes me mad. It makes them mad. And, it scares the dickens out of everyone.
The political class, instead of providing leadership, has run around like chicken little spending money we don’t have to feather their own nests, reward their friends, and punish their enemies. Once again, the rich and powerful had their losses made good from the public treasury. Little people lost their 401ks and became the butt of late night comedian jokes about 201ks. At least, they noticed.
And don’t forget employment. We’ve gone from the 50’s America where it was possible for a high school student to earn a living wage on one salary to now, where to wage earners is barely enough to pay the taxes and stay solvent. Never mind live comfortably.
Astroturf?
I don’t think so.
And, it flows back into huge gooferments that suck up money like a vacuum cleaner. With bureaucrats that whine about 5 and 10% annual raises, lifetime health care, and artificially fattened pensions for their “lifetime” of “service”.
I think the “tea parties” are the undercurrent of political unrest that will make VietNam look like a walk in the park.
imho, but then I’m just one of those extremist vet that Nepaolitano and our version of the SS — Homeland Security — is watching out for. Got news for them, they could see a problem until it bites US in the A double Q!
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Leave a Comment » | Ranting | Tagged: economic freedom, Economics, Gooferment, GRIP, Income Tax, Revolt, Tax Revolt | Permalink
Posted by reinkefj
The Forgotten Truth About the Original Boston Tea Party –
and Why We Desperately Need It Today
Written by Carla Howell and Michael Cloud
Carla Howell delivered this speech on April 15, 2009 at the TEA Party Event in Boston:
*** begin quote ***
“I did NOT come here to Protest.
“I did NOT come here to try to change the minds of Democratic or Republican officeholders in Washington – or on Beacon Hill.
“I came here to change politics in America – just like the American Patriots who gave us the first Boston Tea Party.
“The Original Boston Tea Party was NOT a Protest.
“Let me say that again: the Original Boston Tea Party was NOT a Protest.
“The Patriots did NOT just hold up signs, give speeches, and complain.
“The Patriots stopped British ships from unloading Monopoly British Tea – their version of AIG.
“The American Patriots blocked the collection of taxes.
“That is why the Boston Tea Party mattered – and why we remember it today.
“Because it was direct political action, not just protest.
“And it was action that made government smaller.
“Those great American Patriots realized that what they said and what they wrote – changed nothing.
“But action changes everything.
“Not just any action. Action that shrinks Big Government.
“They were right!
“Deeds, NOT just words.
“Direct political action, NOT just protest.
“Action that moves us forward, that moves us closer to small government – NOT the no-win strategy of holding the line, or just opposing more Big Government.
“This is the lesson of the first Boston Tea Party.
“Now it is our turn to live the lesson.
“Let me ask you a few questions.
“Do you believe that the Wall Street bailout is insane?
“Do you believe that the massive federal government borrowing is hurting your business and your family?
“Do you believe that government is too big?
“Do you believe government debt is too high?
“Do you believe government spending is too high?
“Do you believe taxes are too high?
“Now let me ask you the questions inspired by the Original Boston Tea Party:
“Are YOU willing to take political action?
“Are YOU willing to END the Big Government Insanity – and start voting to make government smaller than it is today?
“Are YOU willing to vote against every Big Government candidate – in every election?
“Now here’s the really hard question: Are you willing to vote against them even when you hate the other Big Government candidate more?
“Are you willing to vote FOR small government candidates and FOR small government ballot initiatives?
“Most political candidates who tell you they’re against Big Government, who tell you they are for ‘smaller government’ talk your way — and vote the opposite. They vote for tax increases, debt increases, spending increases, and more Big Government programs. They vote for each year’s higher government spending. Their votes raise your taxes.
“The only way we can protect ourselves against these phonies and fakers is to ASSUME THAT EVERY ELECTED OFFICIAL IN AMERICA IS GUILTY OF VOTING BIG GOVERNMENT – UNTIL OR UNLESS HE PROVES HIMSELF INNOCENT by showing you his voting record. By proving to you that he voted small government while in office.
“Are you willing to vote against every officeholder who refuses to show you their voting record?
“To reclaim the American Dream, we must vote out every Big Government officeholder in our federal, state, and local governments. Every one. Democrat AND Republican.
“But we must NOT stop there.
“We must vote FOR candidates who campaign for, promise, and vote to reduce and remove today’s Big Government social and economic programs – and GIVE BACK EVERY DOLLAR SAVED TO THE TAXPAYERS.
“We must vote for candidates who campaign for, promise, and vote to reduce and END government borrowing, reduce and remove government overspending and waste. Starting now. Small government candidates who will give back every dollar saved to the taxpayers.
“We must vote for small government candidates.
“We must vote FOR ballot initiatives that shrink Big Government.
“Candidates and ballot initiatives that cut orend taxes.
“Candidates and ballot initiatives that drive down today’s Big Government spending.
“Just protesting Big Government will nevergive us what we want. Voting against Big Government will. Voting FOR Small Government will.
“Every Election. Every time. No exceptions. No excuses.
“This is the ONLY way we can fulfill the promise of the Original Boston Tea Party.
“I’m Carla Howell. I head the Center For Small Government. We’re on your side. Please join us.
“Because ‘small government is possible’.”
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I’m proud to be of some modest assistance to a modern america freedom fighter. And, I’ve taken the Small Government Pledge.
http://www.centerforsmallgovernment.com/sgpledge.htm
Have you?
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Leave a Comment » | INTERESTING | Tagged: economic freedom, Revolt, Tax Revolt | Permalink
Posted by reinkefj
http://www.worldnetdaily.com/index.php?fa=PAGE.view&pageId=93479
The moral dilemma of today’s statists
A Minority View Walter Williams
Posted: April 01, 2009
*** begin quote ***
There is neither moral justification nor constitutional authority for what amounts to legalized theft. This is not an argument against paying taxes. We all have a moral obligation to pay our share of the constitutionally mandated and enumerated functions of the federal government.
*** end quote ***
Unfortunately, I have to disagree with Professor Williams. I’m even further out on the Libertarian spectrum form him. I can refute his “moral obligation” with two words:
“Lysander Spooner”!
How is it I’m bound by what the DOWGs wrote before I was ever born?
And, that assumes that the Constitution in some way binds the gang in the District of Corruption!
Argh!
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Leave a Comment » | Ranting | Tagged: economic freedom, Gooferment, Morality, Natural Law, Revolt, Tax Revolt | Permalink
Posted by reinkefj
Russia backs return to Gold Standard to solve financial crisis
# – # – #
Anything that moves the world off the US Dollar as the world’s reserve currency is going to hurt us. The Chinese alone are holding 5T$. What do they do? Obama’s deficits are 2T$ in 2009 alone. Who’s going to buy that debt?
As always, it’s posterity who is going to be left holding the bag.
What can us little folk do? Buy bullion gold coins, take delivery, and “bury” them at home as part of your “savings”. It’s the only investment option that gets you off the fiat currencies. Read about the pre-WW2 German inflation and the news reports out of Zimbabwe. It’s coming, the only question is when. Obama’s socialism and spending is going to make us all poorer, very quickly.
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Leave a Comment » | MONEY | Tagged: economic freedom, Economics | Permalink
Posted by reinkefj
http://www.lewrockwell.com/orig9/shostak7.html
Would Cleansing Banks’ Balance Sheets Kick-start the US Economy?
by Frank Shostak
*** begin quote ***
Again, note that what makes the lending possible here is not money but the saved consumer goods. Money just serves here as a facilitator. Or we can say that the act of lending here is about the transfer of final consumer goods from lender to a borrower with the help of money.
The essence of credit will not be altered by the introduction of banks. Instead of lending money directly, John could now engage in lending through the intermediary. (John transfers his money to the bank. The bank lends the money to a borrower.)
Real savings determines the size of credit. What people really want is real stuff, i.e., real savings and not money as such. Hence, as long as banks facilitate credit that is fully backed by real savings, they should be seen as the agents in the transmission of wealth.
*** end quote ***
(Disclaimer: I’m an injineer that got D’s in economics.)
This little morality play about savings misses three factors that I think are significant.
The theft of money by inflation. It in effect “steals” from every dollar holder and acts as a hidden tax.
The interest rate controlled by the central bank “taxes” savings both when the rate is too high and too low.
The baker and all who consume bread are forced to “save” by virtue of these taxes.
When money is debased, all economic calculations are done with a “broken calculator”.
IMHO!
As I said I’m just a dumb old injineer!
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Leave a Comment » | INTERESTING | Tagged: economic freedom, Economics, Gooferment, Inflation, Revolt | Permalink
Posted by reinkefj
http://www.americanthinker.com/blog/2009/03/welcome_to_the_new_houston_tx.html
March 17, 2009
Welcome to the new Houston, TX … Zug, Switzerland
Larrey Anderson and Otis Glazebrook
*** begin quote ***
Where does U.S. oil money go when Obama promises to punish the oil companies for excess profits? Reuters’ Sam Cage knows:
*** end quote ***
What these socialists forget is that companies can site where ever they want. So guess what? Bye bye USA!
It’s the corporate version of a “tax revolt”. They don’t stand and fight. They run.
Unfortunately, it’s harder for real people. If I was a wee lad, I’d be off to NH with the Free State Project. http://www.freestateproject.org/ Before your “roots” harden you into the ground.
Churchill’s words echo hollow here in NJ, when do we fight? When it’s hopeless!
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Leave a Comment » | INTERESTING | Tagged: Corporate Tax, economic freedom, Economics, Tax Revolt | Permalink
Posted by reinkefj
http://corner.nationalreview.com/post/?q=YTkzMzllNmE3MDM3NDhmMjcxZjA5MTE0OTk5NDJkODQ=
NRO BLOG ROW – THE CORNER – Wednesday, March 11, 2009
*** begin quote ***
Accordingly, conservatism will return to prominence when it uses time-honored and unchanging free-market principles to address new problems, and when it finds advocates who both are adept at communication with non-traditional audiences (e.g., why it is in the interest of African-Americans to be skeptical of abortion on demand, why Hispanic small-business people need to be wary of intrusive regulations, why Asian-Americans should fear affirmative-action-driven de facto racial quotas at the University of California, why talented teachers should not have to join bureaucratic, ossified unions, why today’s young people should not have to pay off Obama’s annual $1.7 trillion deficits, etc.) and believe in their message’s resonance, without trimming[?] for the applause of the moment.
*** end quote ***
As “conservatism” seeks to return us to the “classical liberalism” of the First American Revolution, a little L libertarian like myself can agree that it’s a good first step.
Unfortunately, for as smart as I feel the DOWGs were, and they were far smarter than I, and more courageous as well, I don’t think we can rewind the clock.
We have to take those “classically liberal” principles and move forward applying them to today’s problems.
Just as the King was rightly opposed as tyrannical, so to must we oppose the new “king” — the overpower all-encompassing gooferment.
Empowering the individual to make their own choices and bear the consequences of bad choices.
So, we have to have miniscule government. Close to the people. With it’s only mission being to protect the rights of individuals.
Argh!
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Leave a Comment » | ADMINISTRIVIA | Tagged: Bailout, economic freedom, Economics, Education, honesty | Permalink
Posted by reinkefj
http://www.breitbart.com/article.php?id=D96SP30G5&show_article=1
Obama: Economic crisis ‘not as bad as we think’
Mar 12 05:49 PM US/Eastern
By JIM KUHNHENN
Associated Press Writer
Hold the ‘Catastrophe’: Obama Says He’s ‘Highly Optimistic’ About Economy
*** begin quote ***
WASHINGTON (AP) – Confronting misgivings, even in his own party, President Barack Obama mounted a stout defense of his blueprint to overhaul the economy Thursday, declaring the national crisis is “not as bad as we think” and his plans will speed recovery.
Challenged to provide encouragement as the nation’s “confidence builder in chief,” Obama said Americans shouldn’t be whipsawed by bursts of either bad or good news and he was “highly optimistic” about the long term.
The president’s proposals for major health care, energy and education changes in the midst of economic hard times faced skepticism from both Democrats and Republicans on Capitol Hill, as senators questioned his budget outlook and the deficits it envisions in the middle of the next decade.
But Obama, speaking to top executives of the Business Roundtable, expressed an optimistic vision and called for patience.
*** end quote ***
Well, “they” have passed the PORKULOUS bill and the various versions of TARP.
Guess they have always stampeded us into giving up more of our money and our liberty.
So much for “change”. Guess I’ll just have to “hope”.
So what are they going to repeal and cut.
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Leave a Comment » | LIBERTY | Tagged: Bailouts, economic freedom, Gooferment, limited government, Obama, POTUS, POTUS08, Presidential2008 | Permalink
Posted by reinkefj
http://www.lewrockwell.com/buchanan/buchanan105.html
Pitchfork Time by Patrick J. Buchanan
*** end quote ***
Where the U.S. government usually consumes 21 percent of gross domestic product, this Obama budget spends 28 percent in 2009 and runs a deficit of $1.75 trillion, or 12.7 percent of GDP. That is four times the largest deficit of George W. Bush and twice as large a share of the economy as any deficit run since World War II.
Add that 28 percent of GDP spent by the U.S. government to the 12 percent spent by states, counties and cities, and government will consume 40 percent of the economy in 2009.
We are not “headed down the road to socialism.” We are there.
Since the budget was released, word has come that the U.S. economy did not shrink by 3.8 percent in the fourth quarter, but 6.2 percent. All the assumptions in Obama’s budget about growth in 2009 and 2010 need to be revised downward, and the deficits revised upward.
Look for the deficit for 2009 to cross $2 trillion.
*** end quote ***
I don’t know about anyone else, but I can’t afford the Obama budget!
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Leave a Comment » | MONEY | Tagged: economic freedom, Economics, Gooferment, Moral Hazard, Obama, POTUS, POTUS08, Presidential2008, Tax Revolt | Permalink
Posted by reinkefj
http://www.washingtonpost.com/wp-dyn/content/article/2009/02/21/AR2009022100911_pf.html
Obama’s First Budget Seeks To Trim Deficit
Plan Would Cut War Spending, Increase Taxes on the Wealthy
By Lori Montgomery and Ceci Connolly
Washington Post Staff Writers
Sunday, February 22, 2009; A01
*** begin quote ***
President Obama is putting the finishing touches on an ambitious first budget that seeks to cut the federal deficit in half over the next four years, primarily by raising taxes on businesses and the wealthy and by slashing spending on the wars in Iraq and Afghanistan, administration officials said.
*** end quote ***
Companies don’t pay taxes; people do. So raising the corporate tax is essentially a tax increase for everyone; poor included.
Rich folks have the ability to defer income and shit it and even “coast”. Watch how revenues “fail to appear”!
Stupidity!
Ignores the lessons of Kennedy and Regan.
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Leave a Comment » | ADMINISTRIVIA | Tagged: Corporate Tax, Depression, economic freedom, Economics, Gooferment, Income Tax, Inflation, Obama, Policy, POTUS, POTUS08, Presidential2008, Revolt, Tax, Tax Rates, Tax Revolt, Taxes | Permalink
Posted by reinkefj
-
-
FJohn Reinke
Consultant at Technology Legacies LLC
Advisor, Computer Governance Committee at Manhattan College
Editor / Publisher at Jasper Jottings
Greater New York City Area
JJ Positraction JJ Endnotes Downsize DC
Philosophy of Liberty
I have NOT received any gagged governmental information requests
Reinke Faces Life 
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