What Will Happen If The Debt Ceiling Isn’t Raised?
According to former GOP Senator Judd Gregg, the U.S. government borrows 41 cents out of every dollar it spends. In other words, if they can’t borrow any more money it means they have to cut 41% of the budget.
According to Gregg,
“The practical effect of hitting the debt limit is not that the entire activities of the government suddenly stop. It is that 41 percent of the government stops… To put it another way, it is as if Congress passed a spending-freeze bill, only this time cutting 41 percent.”
The key of course is… which 41% stops?
Government Trend– Toward Fascism Part 2
Yesterday we looked at how the government’s separation of Gold from money has allowed it to grow out of control contrary to the intentions of our founding fathers. Had the money remained chained to gold the government’s ability to wage war, offer unlimited social programs and grab power would have been severly curtailed. So of course they threw off those chains and have been expanding their reach ever since. This is how David Galand put it yesterday…
Put another way, in cahoots with the Fed, the federal government is able to wage war, bail out the banks, foster socialism, and otherwise bankrupt the nation – to do whatever it wants – largely thanks to its continued operation of an unconstitutional monetary system.
Police State Amerika- Part 2
It Gets Worse…
The second fundamental truth is that the Supreme Court has been a co-conspirator and instrument of the government’s degradation of individual liberty. Continue reading
Government Trend- Toward Fascism Part 1
What is Fascism?
We’ve often heard the word but what exactly is fascism? Historians, political scientists and other scholars have spent long hours trying to define the exact nature of fascism. Since each occurance of fascism is distinct, it is difficult to define. The three common threads of fascism are Nationalism, Authoritarian with a strongly regulated economic structure. Politically fascism is hard to define although it is often defined as the far “Right” in some ways the political spectrum is more of a circle than a line and if you go far enough “Right” you will circle around and end up on the far “left”. Mussolini described his fascist government as a “third force” neither Left or Right. Fascists are definately anti-communist although in application they share many qualities with Communism. A fascist State is a “Police State” and in today’s article David Galland shares the views of consitutional lawyer, Dr. Edwin Vieira.
Police State Amerika
By David Galland, Casey Research
I just had a conversation with constitutional lawyer and monetary expert Dr. Edwin Vieira. I first became acquainted with Dr. Vieira, who holds four degrees from Harvard and has extensive experience arguing cases before the Supreme Court, at our recent Casey Research Summit in Boca Raton, where he spoke on how far off the constitutional rails the nation has traveled. Here is a summary of what he told me… Continue reading
Government Eliminating Freedom Left and Right
This week two major court cases chipped away at our 4th amendment rights one by the Indiana courts and another by the U.S. Supreme court. Pretty soon they might as well just cross out the 4th amendment because it will be totally meaningless. In the Indiana case the court ruled that it is against the law to resist officers trying to enter your residence even if they don’t have a warrant and are entering illegally. In the Supreme Court Case they ruled that officers could enter a house without a warrant and subsequently arrest the occupants if they heard noises that made them assume that evidence was being destroyed.
In the following article David Galand addresses the herd mentality and why we as freedom loving Americans are putting up with this, how it affects our investments and what we can do about it. Tim McMahon, editor. Continue reading
Government Trend- Out of Control
By Tim McMahon, Editor
It’s not just the government’s finances that are out of control it is the government itself. Just this week several examples of an out of control government have crossed my desk.
1) The first is a law passed by the Indiana state legislature which makes it against the law to resist the entry of police officers even if their entry is unlawful. In other words they can enter your house without a warrant and you can’t resist. Theoretically if they do enter illegally, you can take them to court but what is to stop someone from dressing up like a police officer in Indiana and just walking into your house, since you can no longer resist?
What ever happened to the Fourth Amendment to the United States Constitution, which guarantees Continue reading
Profiting from Policy
These days, it’s hard to draw any conclusion other than that the train is gaining speed on wobbly tracks perched over a rickety bridge.
Most notably, unemployment has again risen – to 9.8% from 9.6% – very much not the direction things should be headed given the amount of money the government has pumped into the economy. The latest data shows that this nation of 310 million souls managed to add just 39,000 jobs in November. That, unfortunately, falls short of even keeping up with a population growth of about 1% – doing just that requires generating a net of about 250,000 jobs a month. As for eating away at the millions of unemployed and the many millions more who are underemployed… oh, well. Continue reading
Government Mules
By David Galland, Managing Director, Casey Research
What if the modern version of society is really nothing more than a sleight of hand designed to fool the masses into becoming little more than government mules, allowed their simple pleasures in exchange for providing the muscle and the money needed to feed the beast?
Watching my children grow older, now heading into the treacherous shoals of the teenage years, has been a visceral reminder of how the human mind develops. As young children, we see the world with fresh eyes and wonderment, and then quickly begin testing the physical and societal bounds as part of morphing into our more mature selves.
As we age into our teens and beyond, the testing of boundaries evolves into a series of calculations. If I do “A,” we wonder, will it lead to “B” or maybe “Z”?
From a young age, most of us are told to advance our education and otherwise better ourselves so that we will be able to find a good job, or a succession of good jobs, that will provide sustenance and security lasting most of a lifetime before retiring to dawdle about in our golden years.
At least that is the modern view of life pursued by the vast majority of the citizenry in the developed world. Continue reading
Six Months Until the Largest Tax Hikes in History
From Americans for Tax Reform:
By Ryan Ellis
In just six months, the largest tax hikes in the history of America will take effect. They will hit families and small businesses in three great waves on January 1, 2011:
First Wave: Expiration of 2001 and 2003 Tax Relief
In 2001 and 2003, the GOP Congress enacted several tax cuts for investors, small business owners, and families. These will all expire on January 1, 2011. Continue reading
Taxes and More Government Oppression
How the Government Tries to Fleece You and What You Can Do About It
By David Galland, Managing Director, Casey Research
After a relaxing Thanksgiving break, I anticipated to return to work in a lighter frame of mind. However, the following item from FOX News crushed that hope right away:
Lawmakers Propose ‘War Surtax’ to Pay for Troop Increase in Afghanistan
Two top Democrats say they want to impose a new tax on the wealthy to finance any increase in U.S. troops for the Afghanistan war. Continue reading
