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Showdown With the IRS at the Not-OK Corral

"The terror-inducing IRS is in total defensive mode. It’s employees just can’t seem to remember anything. 'I don’t know.' 'I don’t remember.' 'I’m not familiar with that detail.' 'It’s not my precise area.' 'I’m not familiar with that letter.' This is according to Peggy Noonan in a recent Wall Street Journal article. If you say you don’t recall, the government cannot get you for perjury. Of course, taxpayers cannot tell the IRS 'I don’t recall how much income I made.' The IRS just assesses a tax, and you have to prove otherwise. But now the IRS is on the receiving end of an inquisition. The nation cheers. Are they stonewalling? You bet." Continue reading →

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“I Plead the Fifth” IRS Lady Has Been Given a Paid Vacation. Oh, Woe!

"The IRS official who took the fifth this week to avoid talking about her leadership in the scandal has been put on administrative leave. Fully-paid, of course. Oh, the shame of it all! So, the lady gets a paid vacation. She oversaw the scandal, pleaded the fifth amendment, refused to answer questions, and then gets a paid vacation. Justice is swift in Washington! Meanwhile, Nancy Pelosi blames Bush. That’s right. Bush did it. The more things change, the more they stay the same. Washington is good for amusement. It is expensive amusement, but it is still amusement." Continue reading →

Continue Reading“I Plead the Fifth” IRS Lady Has Been Given a Paid Vacation. Oh, Woe!

“I Plead the Fifth” IRS Lady Has Been Given a Paid Vacation. Oh, Woe!

"The IRS official who took the fifth this week to avoid talking about her leadership in the scandal has been put on administrative leave. Fully-paid, of course. Oh, the shame of it all! So, the lady gets a paid vacation. She oversaw the scandal, pleaded the fifth amendment, refused to answer questions, and then gets a paid vacation. Justice is swift in Washington! Meanwhile, Nancy Pelosi blames Bush. That’s right. Bush did it. The more things change, the more they stay the same. Washington is good for amusement. It is expensive amusement, but it is still amusement." Continue reading →

Continue Reading“I Plead the Fifth” IRS Lady Has Been Given a Paid Vacation. Oh, Woe!

Texas votes to abolish taxation of gold

"The Texas Senate on Wednesday night passed H.B. 78, a bill that eliminates the sales tax on precious metal coins and bullion. It now goes to Governor Rick Perry’s desk for his signature into law. Existing Texas statute applies the 6.25% sales tax to purchases of gold and silver under $1,000. 'This sends a powerful message to other states that taxing gold makes no sense because gold is money,' said Rich Danker. 'What is particularly right about this bill is that it removes a tax that affected middle and lower income people who wanted to acquire gold. These are the people losing the most from the long-term erosion in the dollar’s value and need this sound money option.'" Continue reading →

Continue ReadingTexas votes to abolish taxation of gold

Texas votes to abolish taxation of gold

"The Texas Senate on Wednesday night passed H.B. 78, a bill that eliminates the sales tax on precious metal coins and bullion. It now goes to Governor Rick Perry’s desk for his signature into law. Existing Texas statute applies the 6.25% sales tax to purchases of gold and silver under $1,000. 'This sends a powerful message to other states that taxing gold makes no sense because gold is money,' said Rich Danker. 'What is particularly right about this bill is that it removes a tax that affected middle and lower income people who wanted to acquire gold. These are the people losing the most from the long-term erosion in the dollar’s value and need this sound money option.'" Continue reading →

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Schizophrenic investors expect slump, bet on boom

"Some 57pc think there will be no escape from the 'twilight' conditions afflicting the western world, and 20pc expect an full-blown global recession. That is a remarkably bearish set of views. Yet the same investors are overwhelmingly bullish on stocks and property. This schizophrenic exuberance seems entirely based on the assumption that QE and central bank largesse will keep the game going, flooding asset markets with liquidity. Indeed, 80pc think the ECB will cut rates again, and half think it will have to swallow its pride and join the QE club in the end. Four fifths think equities will gallop on upwards over the next year. Complacency is rife." Continue reading →

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Peter Schiff: The Biggest Loser Wins

"Never in the course of history has a country's economy failed because its currency was too strong. It's a pathology that simply does not exist. On the other hand, the list of those ruined by weak currencies is extensive. The view that a weak currency is desirable is so absurd that it could only have been devised to serve the political agenda of those engineering the descent. A currency war is different from any other kind of conventional war in that the object is to kill oneself. The nation that succeeds in inflicting the most damage on its own citizens wins the war. The only real way to win is not to play." Continue reading →

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What If Stocks, Bonds and Housing All Go Down Together?

"In the past, central banks were pleased to inflate one bubble at a time, enabling money both smart and dumb to flee one smoking ruin and get busy inflating the next bubble-ready asset class. But now, thanks to essentially unlimited liquidity and credit, the central banks have inflated three bubbles at the same time: stocks, bonds and housing. That raises an interesting question: what if all these bubbles pop in unison? Will the central banks be able to place a bid under all three markets simultaneously? If so, where will all that freed-up cash go next?" Continue reading →

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‘The Rendition Project’ sheds new light on U.S. global kidnap and secret detention program

"A groundbreaking research project has mapped the US government’s global kidnap and secret detention programme, shedding unprecedented light on one of the most controversial secret operations of recent years. The interactive online project – by two British universities and a legal charity – has uncovered new details of the way in which the so-called extraordinary rendition programme operated for years in the wake of the September 11 attacks, and the techniques used by the Central Intelligence Agency (CIA) to avoid detection in the face of growing public concern." Continue reading →

Continue Reading‘The Rendition Project’ sheds new light on U.S. global kidnap and secret detention program