Austria Repatriates 110 Tons Of Gold From Bank of England

"Six months ago we warned that Austria was considering it, and now, as Kronen-Zeitung reports, with no rigged Swiss-like referendum required, Austrian Central Bank Governor, and the person many claim is in Mario Draghi's inner circle of trust (soon to be revised) Edwald Nowotny has committed to repatriating 110 tonnes of gold. This is part of Nowotny's new 'gold strategy' and with his position (on paper) as one of Draghi's foremost lieutenants, appears to be a big stab in the back for super money printing Mario. Austrian central bank plans to keep 50% of its gold reserves in Austria vs 17% now, Kronen-Zeitung reports, citing governor Ewald Nowotny’s unpublished new 'gold strategy.'" Continue reading

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India gold smuggling at all-time high, despite Nepali kingpin’s death

"In two years--since government increased duty on gold to 10% to rein in a yawning current account deficit—gold smuggling has grown by 900%. That as an accepted principle seizures could be less than 10% of actual smuggling, the figures look even more ominous. Sources say gold has also begun to be smuggled in ever unique ways and from rather unexpected corners. There is a silver lining to the grim story though. There is an unexpected drop in Nepal which had seen a massive spurt in gold smuggling in the past couple of years. The reason: the kingpin of illicit yellow metal trade in the Himlayan nation died under the rubble of his house in Kathmandu during the recent quake." Continue reading

Continue ReadingIndia gold smuggling at all-time high, despite Nepali kingpin’s death

Texas Senate Passes Bill to Establish Gold & Silver Bullion Depository

"A bill taking a step towards gold and silver as commonly-used legal tender in Texas passed in the state Senate today by an overwhelming 29-2 vote. What the bill essentially does is create a means for transactions to occur in precious metals. It allows people to open an account and deposit their precious metals in the state depository. They could then use the electronic system to make payments to any other business or person who also holds an account. This opening of the market is considered by many insiders to be the most important first step towards bringing sound money to mainstream acceptance." Continue reading

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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

Continue ReadingFeds to return $107K they seized from NC business owner

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

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There is No Greater Love than This

“There is no greater love than this There is no greater gift that can ever be given To be willing to die so another might live There is no greater love than this”  Steve Curtis Chapman   Memorial Day is a federal holiday in the United States for remembering the people who died while serving …

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Thank You Grassroots Activists and Michigan Voters!

Michigan voters made ‘road kill’ of Proposal 1, which failed in historic fashion   “The unofficial vote tally from SOS, not counting Lake County: 80 percent “no” to just 20 percent “yes.” Only 349,509 votes for the measure compared to 1,403,772 against it. Those numbers point to a failure of historic magnitude.” For Governor “Road …

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Continue ReadingThank You Grassroots Activists and Michigan Voters!

TODAY TUES. MAY 5 is VOTING NO ON PROP 1 DAY!

“Collecting more taxes than is absolutely necessary is legalized robbery.” Calvin Coolidge “I go on the principle that a public debt is a public curse, and in a Republican Government a greater curse than any other” – James Madison     Today is the day Michigan citizens send a message: We will no longer tolerate …

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Continue ReadingTODAY TUES. MAY 5 is VOTING NO ON PROP 1 DAY!

Prop 1, Earned Income Credit, Illegals & YARD SIGNS!

“Collecting more taxes than is absolutely necessary is legalized robbery.”- Calvin Coolidge “I go on the principle that a public debt is a public curse, and in a Republican Government a greater curse than any other” – James Madison   First off we need to remember that Prop 1 is tied to a whole bunch …

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Continue ReadingProp 1, Earned Income Credit, Illegals & YARD SIGNS!

Chickens Coming Home to Roost in MI

“I go on the principle that a public debt is a public curse, and in a Republican Government a greater curse than any other” – James Madison “Avoid occasions of expense. . . and avoid likewise the accumulation of debt not only by shunning occasions of expense but by vigorous exertions to discharge the debts, …

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