Expedia – Vacation Deprivation Key Statistics
"Americans earn fewer vacation days than people in most countries, but still leave 2 days unused on average. Know someone who could use a break?" Continue reading →
The Worst Law Most Americans Have Never Heard Of
"While there is still an opportunity for you to avoid getting boxed in by a desperate and out-of-control government, nobody knows exactly how much time is left. And once official capital controls are implemented (#3), your wealth is trapped and things tend to unravel pretty quickly. Developing your internationalization game plan does not mean you have to leave your home country. It is possible to achieve a certain level of international diversification without needing to leave your living room, for example, by opening a foreign bank or brokerage account remotely. The idea is to create your own personal insurance policy to immunize yourself from the common destructive measures of a desperate government." Continue reading →
The Empire’s Next Effort to Extract Your Wealth
"Since before the tech bust, we’ve been suggesting that while Americans 'think' they’re getting richer… they’re actually heading in the other direction. They’re getting poorer. This proposition has been easier for folks to entertain since housing busted and the financial crisis reversed the “wealth effect” in 2008. With that in mind, let’s take a look at the logic of the American Empire and what you can expect in the year(s) ahead." Continue reading →
Citizen Obama’s Middle-Class Vacation in Martha’s Vineyard
"Seventy hotel rooms had been booked for the president’s secret police (not counting those for the whores). Somber men could be seen everywhere with earpieces and bulging jackets. People on the island generally yielded before them on the sidewalk, out of deference for what they understand are their own bodyguards. 'It’s good to be in Massachusetts again,' the president confided when climbing down from a MV-22 Osprey, a military helicopter-airplane hybrid. 'With its tough gun laws, the state of Massachusetts illustrates how common-sense controls can reduce crimes and create a safe gun-free zone for middle-class families like mine.'" Continue reading →
America’s Social Recession: Five Years and Counting
"What happens to the social fabric of an advanced-economy nation after a decade or more of economic stagnation? For an answer, we can turn to Japan. The second-largest economy in the world has stagnated in just this fashion for almost twenty years, and the consequences for the 'lost generations' which have come of age in the 'lost decades' have been dire. In many ways, the social conventions of Japan are fraying or unraveling under the relentless pressure of an economy in seemingly permanent decline." Continue reading →
Creative Destruction—The Best Game in Town
"It is a sorrowful reality that for the past century or more, people in the West have for the most part turned increasingly away from the economic system whose creativity redeems it and embraced instead systems whose hallmarks are economic irrationality, resource waste, bureaucratic tyranny, and ultimately mass impoverishment. Perhaps the great economic advances in Asia, where the market has been given wider scope in recent decades, will serve as a lesson to Westerners, pulling them back before they allow their governments to plunge them into the mass poverty from which their ancestors pulled themselves by means of the market system in earlier centuries." Continue reading →
Fast-Food Strike Means Time to Buy Gold
"It’s clear from the stories I read that Burger Nation doesn’t realize the predicament it’s in, nor does it understand the law of unintended consequences. Push on a balloon in one spot, a bulge appears elsewhere … which is to say that the status quo with consumer prices today will not be the status quo tomorrow when wages are $15 an hour. Salaries will go up, but so too will consumer prices, and the spending power of $15 will feel exactly like the spending power of $7 to $10 – and workers will have essentially gone nowhere economically, though America could find herself hamstrung by a new financial crisis — runaway inflation." Continue reading →
Students and parents boycott Chicago schools to protest new city budget
"WBBM-TV reported that the march was also held to call attention to the city’s planned school budget of $5.58 billion, which includes a cut of about $68 million from classroom services that opponents argue targets schools in communities of color. According to WGN-TV, the protest, part of a group of demonstrations in 25 cities around the country against school budget cuts, was quickly criticized by Mayor Rahm Emanuel. 'I do not think it’s appropriate to advocate that children stay out of school,' he said at a press conference on Tuesday. 'You wanna make a statement? Go to the courtroom. Don’t take it to the classroom.'" Continue reading →
Indians Who Bought Gold, Won. Those Who Didn’t, Lost.
"The idiot Keynesians who ran the Bank of India destroyed the rupee. In India, fathers buy gold for their daughters’ dowries. They don’t buy rupees. India put a tax on gold imports in a vain attempt to save the rupee. It didn’t work. The government hates it when Indians buy gold. This shows a lack of faith in the government. That lack of faith is well deserved. The government said that Indians who bought gold were making a big mistake. But it turns out that Indians who trusted the government’s rupee made the big mistake. If you think it can’t happen here, you could wind up like all those Indians who have lost a quarter of their wealth in recent months. They believed their government. Silly them." Continue reading →
Gold’s Protective Power In Action: India’s Ongoing Currency Destruction
"Although the Indian currency has been falling against the dollar for four decades now, it certainly is in an accelerating downtrend lately. The following paragraphs, quotes and charts paint a picture of a country desperately trying to save its economy and currency. The victims of this situation are of course the citizens. In their attempt to run to gold, they are stopped by their own government. How ironic is this situation when looking as an outsider. Did you ask yourself: am I prepared if this situation hits my country? In this global currency war, that just started two years ago and is expected to last till at least 2020, every country will be hit sooner or later. Are you prepared?" Continue reading →
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