One Month to Go Until We Have the World's Highest Corporate Tax Rate
ATR.orgMar 02

Inflation Is A Tax And The Federal Reserve Is Taxing The Living Daylights Out Of Us
The Economic CollapseMar 01
Ronald Reagan once famously declared that inflation is a tax, but sadly most Americans did not really grasp what he was talking about.  If the American people truly understood what inflation was doing to them, they would be screaming bloody murder about monetary policy.  Inflation is an especially insidious tax because it is not just a tax on your income for one year.  It is a continual tax on every single dollar that you own.  As your mon... (more)
UBS's Hickson Expects Gold Will Rise to $2,025 in 2012
BloombergMar 01
Feb. 29 (Bloomberg) -- Peter Hickson, Hong Kong-based head of commodities research at UBS AG, talks about gold prices. He also discusses oil, copper, and agricultural commodities. He speaks with Susan Li on Bloomberg Television's "First Up." (Source: Bloomberg)

Video:
... (more)
Ron Paul To Ben Bernanke: "People Lose Trust In The Government Because You Lie To Them About Inflation"
ZeroHedgeFeb 29

Anytime Ron Paul sits across from Ben Bernanke you know sparks will fly. Sure enough, they did: starting 3 mins 50 seconds into the clip below, Ron Paul, guns blazing, asks the Chairman if he does his own shopping, if he is aware of what true inflation is, and if he knows that Americans don't trust the government because they are being lied to about inflation... (more)
Schiff: No Easy Fix for Gas Prices
Peter SchiffFeb 29
This month, as unleaded gasoline prices increased for 17 consecutive days (to a national average of $3.647 per gallon - up 11% thus far this year) and West Texas Intermediate crude joined Brent crude in breaking through a $100 per barrel level, energy prices emerged as a full blown political issue. While President Obama conveniently claimed that rising prices were the consequence of an improving economy (they're not, and it isn't) Republican fingers began to point sanctimoniously at current dril... (more)
Treasuries, Gold Fall, Stocks Flat on Bernanke
BloombergFeb 29
Treasuries and gold slid while the dollar rose and U.S. equities were little changed after Federal Reserve Chairman Ben S. Bernanke’s remarks to Congress damped speculation of more quantitative easing to help the economy.

The 10-year U.S. Treasury note yield increased four basis points to 1.98 percent, reversing an early drop, and the Dollar Index rose 0.5 percent after falling 0.2 percent earlier. Gold futures sank 4.2 percent to $1,712.50 an ounce, its biggest loss of the year, ... (more)
Is Gold Money? Iran Says Yes
Casey ResearchFeb 29

Guess who folded now?
Sovereign ManFeb 29

Two Wolves and a Sheep
Mary TherouxFeb 28
This front-page headline from Friday’s San Francisco Chronicle brings to mind the old adage about democracy being two wolves and a sheep voting on what to have for dinner: “Voters Willing to Tax Wealthy.”

The article goes on to detail the not-surprising results of a poll in which voters were asked to choose between supporting the governor’s plan to pass a 1% surtax on incomes ... (more)
State Department jacks up passport fees, imposes $450 fee to renounce US citizenship
NewserFeb 28

Two Fed Officials Oppose Further Purchases of Mortgage Securities
BloombergFeb 28

John Stossel's Illegal Everything
YouTubeFeb 27

Have excessive rules and red tape made us all criminals?

John Stossel argues that America has become a country where no one can know what is legal.

Kids who open lemonade stands are now shut down by police. Stossel tries to open a lemonade stand legally in NYC. That was quite an adventure. It takes 65 days to get permission from the Depa... (more)
"Did you really think we want those laws observed?" said Dr. Ferris. "We want them to be broken. You'd better get it straight that it's not a bunch of boy scouts you're up against... We're after power and we mean it... There's no way to rule innocent men. The only power any government has is the power to crack down on criminals. Well, when there aren't enough criminals one makes them. One declares so many things to be a crime that it becomes impossible for men to live without breaking laws. Who wants a nation of law-abiding citizens? What's there in that for anyone? But just pass the kind of laws that can neither be observed nor enforced or objectively interpreted – and you create a nation of law-breakers – and then you cash in on guilt. Now that's the system, Mr. Reardon, that's the game, and once you understand it, you'll be much easier to deal with." - Ayn Rand, "Atlas Shrugged"
Wyoming Introduces 'Doomsday Bill' To Prepare For Collapse of Federal Government
Prison PlanetFeb 27
Lawmakers in Wyoming have introduced a bill that would compel the state to prepare for a complete collapse of the federal government, laying plans for an alternate currency, a standing army raised via a military draft, and an aircraft carrier.

“House Bill 85 passed on first reading by a voice vote. It would create a state-run government continuity task force, which would study and prepare Wyoming for potential catastrophes, from disruptions in food and energy supplies to a comple... (more)
The Keystone Fight Is Uniting Tea Partiers With Environmentalists
TPMDCFeb 27

Paulson Tells Clients Gold Fund Will Top Others
BloombergFeb 27
John Paulson, the hedge fund manager seeking to rebound from record losses in 2011, told investors his Gold Fund will outperform his other strategies over five years, according to a person with knowledge of the matter.

The billionaire, at a meeting yesterday at the Metropolitan Club in New York, said the metal is the best hedge against currency debasement as countries inject money into their economies, said the person, who attended the event and asked not to be named because the i... (more)
Soros Raises Gold Fund Stake as Paulson Joins Tudor in Selloff
BloombergFeb 27
Paulson & Co., the hedge fund founded by billionaire John Paulson, cut its stake in the SPDR Gold Trust for the second straight quarter, while billionaire investor George Soros increased his holdings.

Paulson held 17.3 million shares in the exchange-traded fund backed by bullion as of Dec. 31, 15 percent less than the 20.3 million on Sept. 30, Securities and Exchange Commission filings showed. His holdings fell 45 percent from end-June, the first reduction in more than two years. ... (more)
Note, this article is from Feb. 15th, hence the seeming disconnect from the one above.
Kickstarter Expects To Provide More Funding To The Arts Than NEA
TPMFeb 27
Meanwhile, think of the businesses which could be funded through a similar program, unfortunately that's one more thing which is completely illegal.
55 Interesting Facts About The U.S. Economy In 2012
The Economic CollapseFeb 25
How is the U.S. economy doing in 2012?  Unfortunately, it is not doing nearly as well as the mainstream media would have you believe.  Yes, things have stabilized for the moment but this bubble of false hope will not last for long.  The long-term trends that are ripping our economy and our financial system to shreds continue unabated.  When you step back and look at the broader picture, it is hard to deny that we are in really bad shape and that things are rapidly getting worse.  Later on in thi... (more)
Many Americans don't pay income tax. Is this a bad thing?
Mises InstituteFeb 25
Last week, the Heritage Foundation published commentary on the number of Americans who pay income tax, and decried the fact that 49.5 percent of Americans are “not represented on a taxable return.” The Daily Mail then picked up the statistics and announced that “HALF of Americans don’t pay income tax despite crippling government debt.”

To its credit, the bod... (more)
$200 Oil Coming As Central Banks Go CTRL+P Happy
ZeroHedgeFeb 25
We have been saying it for weeks, and today even the WSJ jumped on the bandwagon: the sole reason why crude prices are surging (RIP European profit margins: with EUR Brent at a record, we can only assume the ECB will pull a 2011 and hike rates in 3-4 months even as it pumps trillions in PIIGS, banks bailout liquidity) is because global liqui... (more)
The Economic Lessons of Silly Putty
Jeffrey TuckerFeb 24
We loved it as kids — that amazing substance called Silly Putty. I recently found a version in a hotel room the other day, re-branded as Thinking Putty. It turns out that the names differ based on the targeted market segment. In any case, the whole phenomenon is curious. How it is that this seemingly ridiculous stuff could become a product that links the generations?

A closer look reveals that you can learn so much about the way the world works just by looking at this history of t... (more)
Marc Faber Bloomberg Radio - 21 Feb 2012
YouTubeFeb 24

Stupid Rule; Stupid Republicans
Laurence M. VanceFeb 23
One of the stupidest, most asinine, and most evil things that Americans will encounter this tax season is the gift tax.

According to the IRS:
The gift tax is a tax on the transfer of property by one individual to another while receiving nothing, or less than full value, in return. The tax applies whether the donor intends the transfer to be a gift or not.... (more)
UK: 50percent tax rate 'failing to boost revenues'
The TelegraphFeb 23

Schiff: Obama's capital gains proposals = 65% effective tax on corporate earnings
YouTubeFeb 23

Peter Schiff's math: A corporation pays 35% corporate tax on its
earnings, leaving 65 cents on the dollar. Shareholders pay 15% capital
gains tax, leaving about 55 cents on the dollar for the private sector
and 45 cents on the dollar for government. Obama proposes from 15% to
39.6% the capital gains tax, but factoring in the phase out of
... (more)
FDA Says Brazil's Orange Juice Is Safe, But Still Illegal
NPR.orgFeb 23

Krugman: The Great Depression Ended Because of Hitler
EconomicPolicyJournalFeb 22
I am not making this up. Here is what Paul Krugman said during an interview with Playboy:
The fact is the Great Depression ended largely thanks to a guy named Adolf Hitler. He created a human catastrophe, which also led to a lot of government spending.
And it sounds like he wouldn't have a problem with another Hitler. Krugman went on:
As you know, I’m famous for worrying about space aliens. It looks like it ... (more)
Monopoly Dentistry
James E. MillerFeb 21
In his magnum opus, Human Action, Ludwig von Mises wrote on the type of outcome governmental occupational licensing invariably leads to:
Where the government directly fosters monopoly prices we are faced with instances of license monopoly. The factor of production by the restriction of the use of which the monopoly price is brought about is the license wh... (more)

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