Saturday, December 22, 2012

Tax and Spend

Boehner's failure to steal our money with "Plan B" is a disaster in the same way every other thief who got caught was a disaster. At least it looks that way. If we could we could believe our eyes, Boehner would be ousted. But this is a charade. A week from now, when Republicans and Democrats join hands and sing Kumbaya while stealing more of our money to avoid the phony fiscal cliff, the media will call Boehner a hero for selling out the American people.

There's some succinct information in this interview.
"People can't just sit at home because they lack confidence; they'd starve. They have to work, create, build, invest – deploy their capital, whether that be financial, intellectual, or the simple time they can sell to employers. The alternative is dissipation and eventually death.
If the economy isn't growing, it's not because the government isn't spending enough to "stimulate" it. Government spending comes from: taxation, which is a burden on the economy; borrowing, which is a future burden on the economy; or printing money – inflation – which is an especially dishonest, hidden form of taxation makes people think they're richer while they're being impoverished.
No. If the economy isn't growing, it's because the government has burdened it with heavy taxation, smothered it with excessive regulation, distorted it with false information (the Fed's manipulation of interest rates), and replaced real money – gold – with paper."
And this is ominous.
"Government bonds are my leading example of this – a triple threat to your wealth, as we've said before. They're the world's biggest bubble. You also have to understand that as governments get more desperate, they will become more dangerous, so you have to diversify your assets and your lifestyle internationally. That's not new either, but I know from past experience that few people will take action; and it's a shame, because while you may survive your government treating you like a milk cow, things change considerably when it decides to treat you like a beef cow."
That's really scary in light of Barbara Boxer's desire to put National Guard troops at schools. This makes it easier for the government to threaten your children and use them against you.

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