A Palin Truth: Alaska’s Welfare Queen and Redistributionist

http://statesmansentinel.com/palin-truth-alaskas-welfare-queen-redistributionist

OBAMA ENDORSES GLOBAL TAXES ON EVE OF UNITED NATIONS SUMMIT

In a classic case of misdirection, while the media are preoccupied with the fate of the Bush tax cuts, President Obama is preparing to attend a United Nations summit next week to endorse “innovative finance mechanisms”—global taxes—to drain even more wealth out of the U.S. economy.

A draft “outcome document” produced in advance of the September 20-22 U.N. Summit on the Millennium Development Goals (MDGs) commits the nations of the world to supporting “innovative financing mechanisms” to supplement foreign aid spending.

http://www.libertynewsonline.com/article_301_29393.php

http://www.aim.org/aim-column/obamas-global-tax-proposal-up-for-senate-vote/

Why governments love inflation and you should love gold

What's worrying gold?
Watch out for deflation
There's more money printing to come


http://www.moneyweek.com/investments/precious-metals-and-gems/merryn-somerset-webb-inflation-and-gold-price-03707.aspx

Retirement Fund Trillions Lure Government Grabbers

Is the government making plans to confiscate your retirement money? The Obama administration is certainly exploring the idea.

Would Obama, Dems Kill 401(k) Plans?

http://money.usnews.com/money/blogs/capital-commerce/2008/10/23/would-obama-dems-kill-401k-plans.html

Preventing Your Government From Stealing Your Gold

Once we recognize this obvious truth, it leads to another, equally obvious truth. If the government believes it has the right to tax our capital gains we make in gold vs. paper, then it must allow claims made on the commensurate capital losses in our paper, "fiat" currencies versus gold.
In fact, our tax codes refuse to acknowledge those equally valid capital losses -- and for an obvious reason: it would amount to receiving a tax deduction for inflation. Since inflation is the vehicle which governments and bankers use to steal our wealth in the first place (which creates the need to buy gold and silver), the last thing they want to do is to slow down that theft.

Long article but very interesting.

http://www.thestreet.com/story/10803963/1/preventing-your-government-from-stealing-your-gold.html

One abyss, then another

"As per the August 31 DTS statement, the US ended the month with a new all-time record of $13.45 trillion in debt, an increase of $210 billion from the beginning of the month (or $225 billion in public debt, net of intragovernmental holdings). With just 30 days left in fiscal year 2010, the US has added $1.54 trillion in the 11 months ended August 31, a monthly average increase of $140 billion.

http://www.atimes.com/atimes/Global_Economy/LI11Dj01.html

'Cabbagegate': Man Fined $5K for Home Garden

His neighbors call it "Cabbagegate." And it cost Steve Miller a lot of green. The Clarkston, Ga., man was fined $5,200 for growing too many vegetables in his backyard.

http://www.aolnews.com/nation/article/georgia-man-steve-miller-fined-for-backyard-garden-in-cabbagegate-saga/19633544

Obstacle to Deficit Cutting: A Nation on Entitlements

Efforts to tame America's ballooning budget deficit could soon confront a daunting reality: Nearly half of all Americans live in a household in which someone receives government benefits, more than at any time in history.

At the same time, the fraction of American households not paying federal income taxes has also grown—to an estimated 45% in 2010, from 39% five years ago, according to the Tax Policy Center, a nonpartisan research organization.

http://online.wsj.com/article/SB10001424052748703791804575439732358241708.html?mod

Silver taking investor precedence over gold as GSR breaks downwards?

A feature of the recent movement in precious metals prices is that silver has been perhaps more in demand than gold and the gold:silver ratio has fallen back a couple of points.

http://www.mineweb.com/mineweb/view/mineweb/en/page32?oid=111209&sn=Detail&pid=32

There is no soft option when confronting our economic reality

Forecasters may disagree, but some harsh truths are unavoidable, writes Jeff Randall.

It was J K Galbraith, the American economist and diplomat, who concluded that there are two classes of forecasters: "Those who don't know – and those who don't know they don't know." He was right, but only partially. In today's febrile financial environment, a third class of forecaster has emerged. Those who thought they knew, but now know they didn't.

http://www.telegraph.co.uk/finance/comment/jeffrandall/7992902/There-is-no-soft-option-when-confronting-our-economic-reality.html

CBO Predicts U.S. Debt Crisis If Deficits Are Not Controlled

The Congressional Budget Office is warning that unless the federal government can control its appetite for deficit spending, the accumulated national debt could spark a fiscal crisis similar to those experienced by Greece and Ireland earlier this year.

http://www.cnsnews.com/news/article/75143

Doomsday warnings of US apocalypse gain ground

Economists peddling dire warnings that the world's number one economy is on the brink of collapse, amid high rates of unemployment and a spiraling public deficit, are flourishing here.

http://www.breitbart.com/article.php?id=CNG.a64b6fa820c23d9ef2058a22276ce3a1.2c1&show_article=1