Dec
28

One of the World’s Top Investors Warns of the Coming Economic Collapse

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Preparing for Economic CollapseJim  Rogers, one of the world’s top investors, is warning that we’re heading towards an economic crisis that will make the 2008 crisis look like a walk in the park.

In an interview with CNBC this week, the infamous investor said it all comes down to debt. Our country is borrowing somewhere around a trillion dollars a year, and it doesn’t take a super investor to figure out what’s coming.

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Nov
11

‘The Fed’s Increasingly Grandiose Role’

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22435_103529059668881_100000353634804_85897_7522251_nGeorge Will has noted, the curious journalistic acceptance of the Fed’s increased powers “…semantic infiltration of journalism by language that ratifies the Fed’s increasingly grandiose role. A Financial Times column on Yellen, now Bernanke’s presumptive successor, described her as “poised to take the tiller of the US economy.” Oh? The economy has a tiller? And with it the Fed chairman can steer the economy? Who knew?” Free markets with tillers. Interesting concept, and it has been cleverly and stealthily slipped passed the goal line.

Nothing in the Fed’s mandate directs the Fed to “tiller” the economy. Its new powers are a result of confiscatory creep. Stock market going up, all good. Gone, or ignored, is any language that encourages savings, defends the value of the dollar, or, as mentioned in its mission statement, provides “moderate” interest ratesarrow-10x10.png.

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Nov
6

The Foolish Fed

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Oct
21

Americans the Real Losers in Debt Ceiling Resolution

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553506_352729241470167_1811628330_nThe latest crisis in D.C. was just the opening act in the unfortunate last chapter of Obama’s America, one that will have a very tragic end for all hard-working Americans.

The House of Representatives’ constitutional duty is clear. It is to appropriate spending through spending bills. The process begins in the House, is taken up by the Senate, and is then signed into law by the President.

Simple! Unless you are a D.C. politician.

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May
30

Mick Mulvaney, Budget-cutting SC congressman, sees constituents’ anger

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Mick MulvaneySUMTER — U.S. Rep. Mick Mulvaney says he doesn’t want his name on any buildings.

His predecessor’s name is etched onto all sorts of things in this conservative South Carolina district. A water treatment plant in Chesterfield. A bridge in Rock Hill. On a recent visit home, Mulvaney rolled through the gate at Shaw Air Force Base and spotted another. It’s a gleaming, $5 million brick-and-glass structure: The John M. Spratt Education Center.

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May
7

Bouncing Ball Politics

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8d735b14-4ac0-43b9-ba1a-1486b77acdb2Thomas Sowell | May 07, 2013

If you are driving along and suddenly see a big red rubber ball come bouncing out into the street, you might want to put your foot on the brake pedal, because a small child may well come running out into the street after it.

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