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Russia boosting gold holdings as defence against ‘political risks’

“Russia is increasing its gold holdings because gold is a reserve asset that is free from legal and political risks, a senior central banker said on Tuesday. The comments by Dmitry Tulin, who manages monetary policy at the central bank, reflect Russian fears that the country’s overseas assets could be frozen as part of a possible toughening of Western sanctions over the Ukraine crisis. ‘As you know we are increasing our gold holdings, although this comes with market risks,’ Tulin told lawmakers in the lower house of parliament. ‘The price of it (gold) swings, but on the other hand it is a 100 percent guarantee from legal and political risks.'” Continue reading →

Feds to return $107K they seized from NC business owner

“McLellan is just one of thousands of Americans the IRS has seized money from, supposedly for ‘structuring’ funds to avoid a law requiring banks to alert the government of deposits over $10,000. The law was instituted to help the government ferret out drug dealers, terrorists or other criminals — but the IRS occasionally flags deposits of just under $10,000 as suspicious even if there’s no evident criminal wrongdoing, in turn ensnaring people who may be innocent. That’s what allegedly happened in McLellan’s case. His convenience store in North Carolina was raided in October by IRS agents who said he made a series of just-under-$10,000 deposits in a 24-hour period.” Continue reading →

IOU’s: China Buys Treasury Debt

“China, meaning China’s central bank — the People’s Bank of China — started buying Treasury IOU’s again in March. It purchased $36 billion worth. It now holds over $1.2 trillion in Treasury IOU’s. China has now leaped ahead of Japan as the #1 foreign holder of U.S. government debt. Add Hong Kong to this: another $180 billion. In short, the Communists are subsidizing American consumers (cheap goods) and American politicians (low interest rates/more debt). The Chinese masses are paying for this: reduced wealth. Americans get this wealth. Communist politics + mercantilist economics = stupidity. It won’t go on forever. Enjoy it while you can.” Continue reading →

Happy New Year 2015

Where the Spirit of the Lord is – there is Liberty!

May you be where He is and go where He leads.

May you know His Will, His Way, His Word and His Touch as you go.

Constitutional Liberty Coalition
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Obamcare’s Gruber: It’s Not About Calling You Stupid

Economist Jonathan Gruber gained wide notoriety in November when it seemed that each new day revealed a new video of the MIT professor arrogantly crowing about his uber-insider participation in what he portrayed as deception of “too stupid” American voters and Congress in the effort to get the health care law passed. I think it […]

Obamacare Could Implode: The IRS Rule Supreme Court Case

On Friday, November 7, the U.S. Supreme Court agreed to review a case that could cause the health care law to implode. The Court will very likely hear oral arguments on the case, referred to as King v. Burwell, this coming March and issue a ruling in June. The potential impact on President Barack Obama’s […]

Hilarious SNL #Ferguson skit that never aired

h/t Tim Conway Jr – Supposedly the skit was cut for time: Published on Dec 7, 2014 A St. Louis news station reconsiders its morning programming in light of the Ferguson riots.

The Death of an Evil Empire

I’m thinking more and more it didn’t really die – the Soviet Union just reorganized into what we see Putin making Russia into today. Whatever that is. @JonahNRO: A good day RT @Jeff_Jacoby: 23 yrs ago today, Russia, Ukraine & … Continue reading →