Thursday, July 26, 2012

Free kibbles

TAX AND SPEND:

The executive branch also doles out earmarks to buy votes.

Scary analysis of the top ten debtor nations.
"Nearly 50% of the total outstanding debt of the world's top 10 debtor nations needs to be rolled over by the end of 2015."
"That is more than $15 trillion in debt coming due in the next two and half years!"
Who can buy that much debt?
"I believe global central banks will be monetizing debt in massive quantities between now and 2015 because large portions of debt will be maturing in just the next two and a half years."
What does massive global currency debasement mean for gold?
"Global currency debasement has been one of the main drivers for gold's appreciation and massive jumps in central bank balance sheets are also associated with kicking off big moves in gold. With the massive amount of debt to roll over just ahead and the likely increase in central bank balance sheets, we may just see gold head to new all-time highs as global investors move to protect their capital from the tidal wave of cheap money."
There you go.

REGULATION:

As the minimum wage goes up, teen employment goes down.

FEDERAL RESERVE:

The House overwhelmingly passed Ron Paul's Audit the Fed bill. Now it will go nowhere in the Senate.

EDUCATION:

Washington D.C. schools are now spending nearly $30,000 per student.
"You would think $30,000 a year would get you a decent education. For just a few thousand more, you could cover the cost of Harvard’s yearly undergraduate tuition [2] or send your child to the prestigious Sidwell Friends [3] School, which the Obama daughters attend.
But spending $30,000 to cover the cost of a child’s education in a district that has one of the lowest graduation rates in the nation and produces some of the country’s lowest achievement scores? Seems a bit steep. But this is the hefty per-pupil bill taxpayers are made to foot for D.C. public schools every year."
This is great reminder that government schools are doing a fantastic job at their primary function: looting the people.

More and more parents are pulling their children out of government schools, thank goodness.

GLOBAL WARMING AND ENERGY:

While the drought and reduced crop yields are real, the media is over-hyping them.

POLICE STATE:

TSA takes over California train and bus stations. It's interesting they have drug sniffing dogs. TSA is supposed to be about security. Good for Houston citizens for seeing through the TSA charade.
"“The good citizens of Houston are not stupid enough to believe Metro was actually expecting to find terrorists at a bus stop here. Instead, it was used as a pretext to harass people,” said Robert Fickman, past president of the Harris County Criminal Lawyers Association, adding that the exercise was clearly unconstitutional."
Hurray for Houston.
"However, the agency itself is expanding, with Congress recently giving the green light for extra funding that has increased the number of unannounced TSA checkpoints beyond the 9300 that took place last year."
Boo for Congress.
"“We’re doing patrols in the parking lot with dogs, we’re even going as far out to the train station because the train station is connected to the airport here and we have guys walking around the train station, walking around the rental cars, we’re inspecting cars coming into the parking garage, I mean we’ve fully expanded – we’re no longer just at the gate and just at the security checkpoint,” said the whistleblower, a TSA supervisor."
We're the stupidest people in the world.

POLITICS:

Americans aren't confused about Obama's religion. They just don't believe him.

All presidents give their big bundlers government jobs.

Romney holds fund-raiser with American bankers in London possibly involved in the Libor scandal.

MEDIA:

Why is anybody surprised that Obama's propagandists are investigating Romney supporters more than they ever investigated Obama?

Obama has no power to ban reporters from tweeting Biden's quotes. What's unstated here is the press is just going along with this request.

ABC defends Obama over his "You didn't build that." comment just as you would expect a propaganda organization to do.

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