The United States Export-Import Bank is scheduled to expire at the end of June 2015, and the elected representatives of both parties are tripping over themselves to reauthorize it, citing the importance of exports and strong private enterprise to the American economy.
Have you ever thought about herding cats?
Cats are known for their aloof independence. Sure, your cat will curl up in your lap and purr while you pet him, but how often do you see cats sit…or speak…or fetch on demand? Nobody trains guard CATS. There are no Feline Units in your local police department. So the visual image above of cowboys herding cats is meant to be absurd, showing that corralling a bunch of snooty independent cats is a tough job.
“There is literally nothing left to the financial system but rigged statistics, false promises, and ever expanding debt. In fact, the concept of debt creation is the only thing holding our facade of an economy together.You and I probably find this rather strange. I have come across many mainstream economic acolytes and cultists in recent months who disregard ALL logic and reason, forsaking the realities of demand based trade and immersing themselves in a grand delusion in which central bank generated debt and inflation are the real source of “prosperity”.
e.g. In 1913 One Dollar bought 4 POUNDS of sirloin steak — Today that Dollar will buy 0.18 pounds of the same steak. That is one of several examples of what happens when our Rulers made our Dollar Fiat.
It won’t take you long to take a look, but it’ll probably take a long time to absorb the real impact on your savings and your life.
Daily Bell: If democracy has failed what would you put in its place? What is the ideal society? Anarcho-capitalism?
Dr. Hans-Hermann Hoppe: I prefer the term “private law society.” In a private law society every individual and institution is subject to one and the same set of laws. No public law granting privileges to specific persons or functions exists in this society. There is only private law (and private property), equally applicable to each and everyone.
There has been a few articles on here, about this subject matter, and I thought I would add my 2 cents. Since the children on Sodahead banned me I am going to post my original writings here…
…We effectively become our own masters again as the founding fathers wanted. We will no longer be beholden to the Fed, because we will not use nationalized currency.
Well, wonder no more, because the following eight events might give you an idea of where governments go to get a little extra cash.
1. In March, 2009, Ireland seized €4bn from its Pension Reserve fund in order to rescue its banks. In November 2010, the remaining savings of €2.5bn was seized to support the bailout of the rest of the country.
2. In December, 2010, Hungary told its citizens that they could either remit their private pension money to the state or lose their state pension funds (but still have to pay for it nonetheless).
3. In November, 2010, the French parliament decided to earmark €33bn from the national reserve pension fund FRR to reduce the short-term pension scheme deficit.
Yes, of course, there’s more! Please visit the link, and throw out your thoughts!
4. In early January 2011, $60 million in private retirement funds were transferred to the state’s pension scheme in Bulgaria. They wanted to transfer $300 million, but were denied on their first attempt
The nonpartisan Congressional Budget Office is acting in a bipartisan way to cover up the biggest single threat to the bipartisan political alliance that is stripping America of its wealth: the United States Congress.
There is no question that the following policy is bipartisan. Democrats and Republicans in Congress
are completely agreed that the following information should not get out to the American people, namely, that the present value of the United States government’s off-budget liabilities is over $200 trillion.
This is a re-post from Lew Rockwell.com. I copied it here because this may well be a very legitimate concern and requires your action to protect yourselves; Act accordingly. For ourselves, we’re juggling things to move our money out of our bank accounts. We’ve been discussing this at home for several months. It seems not that easy! If you have thoughts on how best to do this, please comment. Thank you, Dean Striker
Bottom line: You are playing with fire if you keep any serious amount of money in a US bank.
It is time for serious diversification. Depending upon the size of your assets, there are different things that should be done. But almost everyone should have some cash and gold coins stored outside the banking system.