When they run out of your money, they will steal your savings ..................Read more »
Why Monetary Expansion Must Stop
Introduction: The Illusion of Unlimited Resources
The current problems faced by all the world's economies stem, primarily, from one source: the demise of sound money, whose quantity could not be increased without significant cost, and its replacement with fiat money that can be inflated to infinite amounts at almost no cost to the producer.Read more »
Rethink: Where Do Your Healthcare Dollars Go?
Whether you’re part of the 50 percent of insured Americans who receive health coverage through their employer, or part of a smaller group that purchases insurance directly from the insurer, you’re probably concerned about the rising cost of health care.
Premiums are up across the board. Americans are wondering why healthcare costs are rising, and where their health insurance dollars being spent. As it turns out, the answer to rising healthcare costs is more complex than politicians make it out to be.Read more »
Unanimous: Obama Budget Defeated 414-0
In a rare instance of bipartisanship, President Barack Obama's reckless $3.6 trillion budget for next year was defeated 414-0 late last night on the House Floor.
Republicans said Democrats were afraid to vote for Obama's proposed tax increases and extra spending for energy and welfare. Democrats said Republicans had forced a vote on a version of Obama's budget that contained only its numbers, not the policies he would use to achieve them.Read more »
Americans Are Horribly Misinformed About Who Has Money
Americans have a really distorted view of how wealth is distributed in this country.
This chart is from a paper called "Building a Better America One Wealth Quintile at a Time" by Dan Ariely and Michael I. Norton.Read more »
Shopping in Kitchener, ON, Canada, saw this sign by the checkout addressing accepting American currency. Couldn't help but laugh.Read more »
Moody's Investors Service considers Greece to have defaulted per its default definitions. The announcement comes despite Athens reaching a deal with private creditors for a bond exchange that will shave €107 billion from its €350 billion debt. The agency pointed out that even though 85.8% of the holders of Greek-law bonds had signed to the deal, the exercise of collective action clauses that Athens is applying to its bonds will force the remaining bondholders to participate.Read more »
Eric Schmidt compliments bitcoin, saying it is "a great idea". He also reveals that Google was working on a currency of their own which they were going to call Google Bucks. Eric says Google stopped work on their own currency because of legal issues.Read more »
The 11 most evil things the banking industry did in 2011. List includes illegal debt collection methods.Read more »
A no cash society? Read more here..................Read more »
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