Article source: http://totalcollapse.com/2012/05/18/breaking-point-the-end-of-the-cheap-energy-economy/
We wrote about Facebook co-founder, Eduardo Saverin, defecting from the US last week (“The Great Defection From The West“). Apparently we weren’t the only ones to notice.
Today, Lyin’ Chuck Schumer held a news conference to unveil the “Ex-PATRIOT” – “Expatriation Prevention by Abolishing Tax-Related Incentives for Offshore Tenancy” – Act to respond directly to Saverin’s move, which they dub a “scheme” that would “help him duck up to $67 million in taxes.”
Parasites don’t like it when their host can leave so quickly and easily. Schumer plans to use violence to re-impose taxes on expatriates like Saverin even after they flee the United States and take up residence in a foreign country. Their proposal would also impose a mandatory 30 percent tax on the capital gains of anybody who renounces their U.S. citizenship. And, perhaps most importantly, the plan would bar individuals like Saverin from ever reentering the United States again.
TDV Correspondent, Menno Troyer contacted us today to state the following:
“Somehow, as an involuntary citizen of the US, this proposed legislation frightens me more than all of the US’s previous, rapidly escalating police state moves combined.”
We agree. This bill, if passed, would take the state of affairs between the US Government and the people they deem to own to an entirely new level. To say the least, Schumer’s financial terrorist attacks today show the US Government for what it really is… and shows US citizens as the tax slaves that they are.
Even that old refrain from brainwashed patriots that, “If you don’t like it you can leave,” would no longer be sufficient. It would have to be amended to, “If you don’t like it, we will rob you and you can never be allowed to return here under threat of violence.” Not quite as snappy of a comeback.
But, as with all government programs it will have the opposite effect of its intention. You don’t think many wealthy people aren’t looking at this news and thinking they better get out now before this bill is enacted? And furthermore, now the government is saying that they will tax you more and you can never return… the next logical step once tax revenues decline even further after more wealthy Americans defect will be to not allow people to leave at all. Schumer’s bill has it right in the title, “Expatriation Prevention”. You can’t get much clearer than that.
This is how all socialist-styled systems end. You didn’t think that fence on the border with Mexico was to keep Mexicans out, did you? At this rate, it won’t be too much longer until Americans are washing up, straggly and malnourished in makeshift boats on the shores of caribbean islands begging for asylum.
THE GOVERNMENT OWNS YOU
The US Government considers its citizens as their property. Their tax slaves. And the assets of their citizens are also deemed to be theirs… that’s why Charlie Schumer is outraged. One of his best tax slaves just got away. It’s like a farmer losing a prized cow.
Consider what would happen if Eduardo Saverin stayed in the US. After the Facebook IPO he’d have a massive capital gain and a hefty amount of it would be absconded by the Government. With what he had left he’d have to pay heavy taxes on any income he earned from his assets over the course of his lifetime, surely billions more in tax payments. And then, even when he dies, a death tax (estate tax) would take another 35% of his assets.
Saverin, who was born in Brazil and who has lived in Singapore since 2009, would have been a very lucrative tax cow for years to come. Poor Schumer and the rest of the US Government henchmen must have been thinking, “We can’t allow this to continue. We need that money. Those innocent women and children over in Afghanistan aren’t just going to bomb themselves.”
WE TOLD YOU SO
We hate being the guys who always tell you we told you so… but we told you so! We’ve said for years that the western nation-states will continue to make it more and more difficult for productive people to leave the country or get their assets outside of the country.
Today should be a massive wake-up call for anyone who has been considering those options but has been on the fence. The US Government showed its true colors. They own you and your assets.
We know your spouse doesn’t believe what you are telling them. Most people are programmed to believe their nightly news and what their friends tell them. They may even think you are crazy for wanting to get some of your assets outside of the country.
People who prepare for rare events seem crazy… until it happens. Then they seem pretty smart.
WHAT CAN YOU DO
It is absolutely critical for all those who live in the western world and who own assets to get a significant percentage of their assets outside of their own country now. And it is also highly prudent to get a second passport to give yourself options should your own government begin to restrict travel and expatriation. We expect that more things like this are coming. We expect that it won’t be too long before the US disallows dual citizenship… meaning they won’t allow you to get a second foreign passport. So get one now before it is too late.
Here is what any reasonable person in the west should be doing today:
Don’t delay. Charles Schumer is coming for you next and he wants his money.
Your government registered financial advisor will not tell you any of the above. That’s why it’s more important than ever to think for yourself. Subscribe to The Dollar Vigilante to keep abreast of all the news, analysis and actionable information on surviving The End Of The Monetary System As We Know It (TEOTMSAWKI).
Article source: http://feedproxy.google.com/~r/TheDollarVigilanteBlog/~3/zbm2s_n2lgI/charles-schumer-tells-americans-they-cant-leave-so-easily.html
DrudgeReport.com
Note from Senior Management:
Andrew Breitbart was never a “Birther,” and Breitbart News is a site that has never advocated the narrative of “Birtherism.” In fact, Andrew believed, as we do, that President Barack Obama was born in Honolulu, Hawaii, on August 4, 1961.
Yet Andrew also believed that the complicit mainstream media had refused to examine President Obama’s ideological past, or the carefully crafted persona he and his advisers had constructed for him.
It is for that reason that we launched “The Vetting,” an ongoing series in which we explore the ideological background of President Obama (and other presidential candidates)–not to re-litigate 2008, but because ideas and actions have consequences.
It is also in that spirit that we discovered, and now present, the booklet described below–one that includes a marketing pitch for a forthcoming book by a then-young, otherwise unknown former president of the Harvard Law Review.
It is evidence–not of the President’s foreign origin, but that Barack Obama’s public persona has perhaps been presented differently at different times.
***
Breitbart News has obtained a promotional booklet produced in 1991 by Barack Obama’s then-literary agency, Acton Dystel, which touts Obama as “born in Kenya and raised in Indonesia and Hawaii.”
The booklet, which was distributed to “business colleagues” in the publishing industry, includes a brief biography of Obama among the biographies of eighty-nine other authors represented by Acton Dystel.
It also promotes Obama’s anticipated first book, Journeys in Black and White–which Obama abandoned, later publishing Dreams from My Father instead.
Obama’s biography in the booklet is as follows (image and text below):

Barack Obama, the first African-American president of the Harvard Law Review, was born in Kenya and raised in Indonesia and Hawaii. The son of an American anthropologist and a Kenyan finance minister, he attended Columbia University and worked as a financial journalist and editor for Business International Corporation. He served as project coordinator in Harlem for the New York Public Interest Research Group, and was Executive Director of the Developing Communities Project in Chicago’s South Side. His commitment to social and racial issues will be evident in his first book, Journeys in Black and White.
The booklet, which is thirty-six pages long, is printed in blue ink (and, on the cover, silver/grey ink), using offset lithography. It purports to celebrate the fifteenth anniversary of Acton Dystel, which was founded in 1976.

Front cover (outside) – note Barack Obama listed in alphabetical order

Front cover (inside)
Jay Acton no longer represents Obama. However, Jane Dystel still lists Obama as a client on her agency’s website.
According to the booklet itself, the text was edited by Miriam Goderich, who has since become Dystel’s partner at Dystel Goderich, an agency founded in 1994. Breitbart News attempted to reach Goderich by telephone several times over several days. Her calls are screened by an automated service that requires callers to state their name and company, which we did. She never answered.
The design of the booklet was undertaken by Richard Bellsey, who has since closed his business. Bellsey, reached by telephone, could not recall the exact details of the booklet, but told Breitbart News that it “sounds like one of our jobs, like I did for [Acton Dystel] twenty years ago or more.”

The parade of authors alongside Obama in the booklet includes politicians, such as former Speaker of the House Tip O’Neill; sports legends, such as Joe Montana and Kareem Abdul-Jabbar; and numerous Hollywood celebrities.
The reverse side of the page that features Barack Obama includes former Green Party presidential candidate Ralph Nader and early-1990s “boy band” pop sensation New Kids On the Block.


Acton, who spoke to Breitbart News by telephone, confirmed precise details of the booklet and said that it cost the agency tens of thousands of dollars to produce.
He indicated that while “almost nobody” wrote his or her own biography, the non-athletes in the booklet, whom “the agents deal[t] with on a daily basis,” were “probably” approached to approve the text as presented.
Dystel did not respond to numerous requests for comment, via email and telephone. Her assistant told Breitbart News that Dystel “does not answer questions about Obama.”
The errant Obama biography in the Acton Dystel booklet does not contradict the authenticity of Obama’s birth certificate. Moreover, several contemporaneous accounts of Obama’s background describe Obama as having been born in Hawaii.
The biography does, however, fit a pattern in which Obama–or the people representing and supporting him–manipulate his public persona.
David Maraniss’s forthcoming biography of Obama has reportedly confirmed, for example, that a girlfriend Obama described in Dreams from My Father was, in fact, an amalgam of several separate individuals.
In addition, Obama and his handlers have a history of redefining his identity when expedient. In March 2008, for example, he famously declared: “I can no more disown [Jeremiah Wright] than I can disown the black community. I can no more disown him than I can my white grandmother.”
Several weeks later, Obama left Wright’s church–and, according to Edward Klein’s new biography, The Amateur: Barack Obama in the White House, allegedly attempted to persuade Wright not to “do any more public speaking until after the November [2008] election” (51).
Obama has been known frequently to fictionalize aspects of his own life. During his 2008 campaign, for instance, Obama claimed that his dying mother had fought with insurance companies over coverage for her cancer treatments.
That turned out to be untrue, but Obama has repeated the story–which even the Washington Post called “misleading”–in a campaign video for the 2012 election.
The Acton Dystel biography could also reflect how Obama was seen by his associates, or transitions in his own identity. He is said, for instance, to have cultivated an “international” identity until well into his adulthood, according to Maraniss.
Regardless of the reason for Obama’s odd biography, the Acton Dystel booklet raises new questions as part of ongoing efforts to understand Barack Obama–who, despite four years in office remains a mystery to many Americans, thanks to the mainstream media.
Larry O’Connor contributed to this report.
Article source: http://totalcollapse.com/2012/05/17/must-watch-gary-kovacs-tracking-the-trackers/
The Sohn Conference Foundation is a charity dedicated to the treatment and cure of pediatric cancer and was named after trader Ira Sohn. The Foundation makes grants to support medical research and to support programs that ensure children living with illness are given the highest quality of life and care. The hedge fund managers and founders made the 17th annual trek recently to the Ira Sohn Conference, this time to the Lincoln center in New York where thousands of dollars are donated to have a space to sit at the sold-out event. Presenters showcase their investment theme and specific ideas in a 15-minute limited-time format.
In years past, some of the high-profile names include:
Jeremy Grantham of GMO; Stanley Druckenmiller, founder of Duquesne Capital who said “The market isn’t saying anything about the future. It’s saying there’s a phony buyer of $19 billion of Treasurys a week” and has since closed his fund; Sam Zell, real estate investor, who said that “the winner is the one who builds the better boat, not the one who rearranges the deck chairs. He who adapts succeeds.” Others include Carl Icahn of Icahn Associates; David Sokol of Berkshire Hathaway; Seth Klarman of the Baupost Group, who has said the “artificial” market reminds him of a “Hostess Twinkie”; David Einhorn of Greenlight Capital, who achieved notoriety from his remarks at the 2008 conference, where he announced his short thesis against Lehman Brothers just months before failure.
Despite the instantaneous effects the speakers have on markets, placed from laptops at the event live, the performance is not always what one would expect. If you invested your money as suggested at the 2011 conference, an equal-weighted portfolio would have lost at least half; yes, negative 50% year-over-year. The economic backgrounds that back the brain-capital of each fund vary, and there are some who have consistently and calmly performed well. This year, as Reuters reports, the Sohn Investment Conference features some of the $2 trillion hedge fund industry’s best-known managers, including David Einhorn, John Paulson, Bill Ackman, Jeffrey Gundlach and Philippe Lafont.
DoubleLine Capital’s Jeffrey Gundlach said he was short Apple, and as the chart below shows, 600,000 shares or $330 million changed hands hours before his remarks. “I just wonder how many people will queue up around the block for an iPad 87” he quipped.

On Apple, Gundlach argues market saturation, and also mentioned that “the genius is not there any more.” He likes Natural Gas and owns some in his $34 billion under management at DoubleLine. David Einhorn was up afterward and he disagreed strongly, making the case for Apple (temporarily sending the stock upward); however he owns almost $900 million of the stock. Einhorn said that “a French default is not out of the question,” and that “a return to the franc is not out of the question.” This means he is expecting a dissolution of the euro currency if the French franc were to return. This is bolstered by his comments that “Norway is the only country which can finance itself.” This is true: even Germany has serious debt despite having significant gold reserves to back the German mark should it abandon its current unsustainable track of financing the rest of Europe.
Insights abound, but results are what matter, and out of the speakers from last year, Dr. Marc Faber takes the cake,easily out-performing the 50% average loss.
Faber’s Investment Summary
Price inflation and war are coming. Diversify split evenly between income-producing Southeast Asian securities, real estate, gold (spread it around the world to avoid carrying it) and dollars (short-medium term).
Faber’s Conference Suggestion Returns: Late May 2011 to Present
Gold 3.8%
Dollar 7.8%
U.S. Real Estate 4.4%
Performance: 5.3% Year-over-Year Return (yoy) average excluding his managed income-producing Southeast Asian securities, which he says can earn 6-8% annually in dividends.
As we wrote above, the economic backgrounds that back the brain-capital of each fund vary, and that is what makes Faber stand apart from many of the managers who grew while surrounded by Keynesian era groupthink. Faber has not transitioned to classical economics as the realization of the failure of New Economics coincided with even more damning real world evidence. This has dawned on so many of the brighter wealth managers over the course of the last decade. In contrast, Faber was able to keep “his identities straight” so easily because he learned the proper basic principles of classical economic and monetary history at school in Switzerland. The most important may be that of the virtue of deflation. See the WealthCycles premium article or listen to Deflation and Liberty for free here. Marc Faber’s views match that of Howard Buffet, Warren Buffet’s father, the man who introduced that young boy to the possibilities of economic thought. Faber studied Economics at the University of Zurich and, at the age of 24, obtained a Ph.D.magna cum laude.
More recently, besides managing funds, he shares his advice in audio and video interviews, and he famously lectured at the Mises Institute event in Manhattan. The lecture was titled “Mirror, Mirror on the Wall, When is the Next AIG to Fall?” In the linked video above, Faber presents his most current view, as he did not attend the Ira Sohn conference this year. He mentions the equity correction underway (which we warned of on March 19th) mentioning that he feels that the selloff is developing as the 1987 crash did (which he also publically called- in advance). The chart for the 1987 crash:

Faber may be right, and the crash may begin in that manner, but at 1200 on the SP500 index, Bernanke has previously stepped in. Perhaps oil prices will be at a lower level at that point, meaning printing will not have as obvious of a deleterious effect on the economy and election. Perhaps the same simple allocations are best to hold over time, and through the volatility, as they appear to be the true outperformers in this time of extreme systemic risk.

A dividend is an annual payment made to stockholders from the company’s profits. The dividend yield is calculated by dividing the annual dividend by the price paid for the stock, to determine the percentage dividend yield. For example, if you pay $10 per share for a stock and receive $0.60 in dividend payments annually, then your dividend yield is 6%.
Deflation is a contraction of the currency supply, which causes prices to fall and the value of currency to rise. When prices fall, a boom becomes a bust, and suddenly a recession becomes a depression. Fed Chairman Ben Bernanke, a scholar of the Great Depression, knows the dangers that deflation poses to a debt-based economy.
Article source: http://feeds.wealthcycles.com/~r/wealthcycles/all/~3/_z-tJNaozkc/investment-insights-from-faber-at-conference
Alone in his hotel room, Austrian-school economist F. A. Hayek pulls open the night-stand drawer to find, not a Gideon Bible, but a copy of Keynes’ The General Theory of Employment, Interest and Money.
Article source: http://feeds.wealthcycles.com/~r/wealthcycles/all/~3/W7H_E7yoMpM/animated-video-puts-mandatory-taxation-into-libertarian-perspective
It seems everybody with a printing press (i.e. Central Banks) is on hold, as we noted in our May 10 post Bank of England Defers to Fed on Future Printing.
However, there is pressing new information concerning the monetary outlook, starting with a May 16 announcement by St. Louis branch Fed President James Bullard:
Definitions:
So, regular, planned printing is paused
Continue Reading →
Article source: http://feeds.wealthcycles.com/~r/wealthcycles/all/~3/0dm6XBlIaeg/pension-fund-shift-to-gold-belies-fed-vow-to-pause-currency-printing
I don’t know why it was so obvious to me. School was prison for kids. That’s the way I saw it. But as I looked at my fellow school inmates around me they didn’t seem to notice it.
By the time I reached high school I had resigned myself to just getting a passing grade to make my parents happy and move on. My goal: 50%. I didn’t want 51%… if I got that, I was trying too hard. I’d rarely show up. And when I did I’d sit in the back row listening to the horse race reports from the warmup sessions at the track where I would go each evening and, in nearly 100 visits, perhaps recorded a loss at the end of each evening once or twice.
As for school, I’d really only go for the tests. I’d go two hours early and speed read the textbook and make sure I knew just enough to pass. I was quite good at it, to the point where on my final exam of high school I had planned it perfectly so passing the course would give me just enough to graduate and I even knew the exact score I needed on the test to pass: 62%.
It was social studies, which I detested for having to memorize obvious propaganda, but it was easy enough to pass the exam. I’d short-term memorize as much as I could and the dates and places that I couldn’t remember I’d write on my forearm, or my leg, or on any number of cheat sheets I had. It was a two hour exam and there were multiple choice questions worth 70% and essays worth 30%. I went through the multiple choice in about 30 minutes and knew I had enough to get 62% so I didn’t even bother with the essay section. I got up to leave and was informed that there was a “minimum time requirement of 1 hour”. A minimum time requirement, I complained! But, I’m done!
“Go sit until the hour is up,” they admonished. Servitude to unworthy authoritarian figures is the real goal of schooling in the west. Angry, and bored for the next 30 minutes, I went on to write some of the more disturbing and outright erroneous answers probably ever recorded in social studies history.
But, finally the hour was up and I could escape. And I did pass that course and finally was allowed out of child prison.
THAT WAS THEN, THIS IS NOW
Even back in the 1980s school was atrocious. But when I look at what is going on today I can only come to one conclusion: sending your child to public school in the US is child abuse.
Think I’m exagerrating? Hear me out.
Let’s just start with all the injections your child will receive if you force them to go for their government training. The fascist US Government which is one in the same with the pharmaceutical industry continues to want to inject more and more heinous chemicals into your children while they have them under their “care”.
In one instance, a 14 year old girl was forced to take vaccinations for hepatitis A, seasonal influenza, meningitis, and HPV (Gardasil) in a Detroit area school despite her parents previously-stated opposition to their daughter receiving medical treatments from the school (see story here).
This is just standard operating procedure at most school’s nowadays. ”Parents give up their rights when they drop the children off at public school,” said Melinda Harmon, a US Federal Judge, recently.
Giving multiple vaccines is “like a sudden onslaught to the body’s immune system“, according to this Australian Government study. And, when given to youngsters whose immune system hasn’t yet fully formed, it can be catastrophic for health… which is probably the point. Remember, people like Bill Gates, Ted Turner, Al Gore and more are trying to do as much as possible to reduce the global population. Bill Gates has even stated publicly that vaccines are one of the best way to do this.
Now, in a new amendment to California’s Health and Safety Code as it relates to vaccinations will take effect this fall for the 2012-2013 school year, and will require all incoming seventh graders, as well as eighth and twelfth graders for the first year, to get a Tdap booster vaccination for pertussis (whooping cough) before being admitted to school. Mandatory.
“A number of clinical laboratory studies demonstrate that vaccines may cause chronic damage to the G.I. tract, immune system, brain, and other organs,” says Bernard Rimland, Ph.D., an American research psychologist, writer, lecturer and advocate for autistic children.
And, once your child has had their immune system attacked by countless unnecessary and dangerous vaccines (autism has increased 1000% since 1990 due to vaccines) then the government will be looking to give them all manner of other chemicals.
Your child has a little too much energy and doesn’t want to sit and listen to complete morons trying to brainwash them with garbage? They’ll be sent home with a prescription for the highly addictive and dangerous chemical, adderall.
PRISON ENVIRONMENT
When they aren’t being dumbed down by drugs or having their immune system destroyed by vaccines they have to actually deal with their Lord of the Flies type environment.
Many parents actually are aware of this environment and will support it stating it is good… it will toughen them up, they say. We’re not so sure sending your five, ten or fifteen year old into something that is not that different than a high security prison to avoid getting shivved in the bathroom is the best way to teach them about life. You could just rent Oz for them and save them some terrible emotional scars.
TDV subscriber and correspondent, David Giessel, sent us these photos of a maximum security prison in Oakland recently:
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And this:
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Well, maximum security child prison. That’s an elementary school in Oakland. Your kids will have such warm memories of their time interned, no doubt!
And, if you try to get out, microchips implanted in your child’s school uniform will notify the authorities, if this technique used in Brazil catches on… and it is sure to.
And that is when the state isn’t trying to trap your kids into victimless crimes to bust them. A 22 year old cop in Exiter California wasted eight months of stolen taxpayer money trying to trap little kids into buying something, anything which would take away the pain of 12 years of being imprisoned in their formative years. Nearly a year later he had ruined the lives of twelve high school prisoners and all but ensured their graduation to adult prison… or as they call it, prison.
The cop was almost giddy as he stated, “A lot of jaws dropped when they saw me. They knew me as that kid at school that they hung around with, and then the next thing they’re in handcuffs and I’m in a uniform.”
And when they aren’t being beaten up or entrapped into prison sentences by the state, they are being prepared for their future FEMA camp internment.
According to “The End Of The American Dream“:
All over the United States, school children are being taken out of their classrooms, put on buses and sent to “alternate locations” during terror drills. These exercises are often called “evacuation drills” or “relocation drills” and they are more than a little disturbing. Sometimes parents are notified in advance where the kids are being taken and sometimes they are only told that the children are being taken to an “undisclosed location”. In the years since 9/11 and the Columbine school shootings, there has been a concerted effort to make school emergency drills much more “realistic” and much more intense. Unfortunately, the fact that many of these drills are deeply traumatizing many children does not seem to bother too many people. Do we really need to have “active shooter” drills where men point guns at our kids and fire blanks at them? Do we really need to have “relocation drills” where kids are rapidly herded on to buses and told that they must surrender their cell phones because they will not be allowed to call anyone? Our schools more closely resemble prison camps every single day, and it is our children that are suffering because of it.
Or, like at an elementary school in Baltimore recently, three nine-year-old girls and an eight-year-old boy were arrested for fighting and marched out of their elementary school in handcuffs. In New Haven, Connecticut a 10-year-old boy was actually arrested by police for giving another student “a wedgie” on a school bus. Or, in San Mateo, California a few months ago a 7-year-old special education student was blasted in the face with pepper spray because he would not quit climbing on the furniture. Police were then able to subdue the boy and he was “committed for a psychiatric evaluation”.
And, when they aren’t being arrested or handcuffed, the school will be working to ensure your child adheres to the will of the collective and does not try to be an individual and use their own mind independently as this teacher’s letter reinforces:
CHILD ABUSE
You can state that you have been the victim of theft and are forced to pay for these schools. And, yes, you are. But nothing can justify actually sending your children off everyday to this type of environment. If you do, you are a child abuser. Especially when homeschooling and unschooling have been made so eminently possible thanks to the internet.
You can then state that thanks to the socialist/fascist government and the central banks you’ve been so impoverished that you and your wife must work 18 hour days just to survive… and that is why you send your kids to prison camp. But, even that is not justification enough to do this to your own children. If this is the case and you cannot find any other way then leave where you live and search for a place with better opportunities.
It’s hard. I know. It was hard for your ancestors to get on that boat and survive scurvy and come to a foreign land to make a living too. But they did it.
Here, at TDV, we are working on all manner of ways to help people in your situation. We are helping people get out of the western world through foreign residencies and second passports (TDVPassports.com)… and the TDV newsletter regularly covers all these subjects.
The latest thing we are working on is a liberty-minded enclave, likely in Mexico to start (and then other locations through Asia, Africa and Europe afterwards) which will be built in co-housing style. Our top priority will be self-sufficiency and a true community environment where the occupants live, work and co-operate with each other to build a prosperous community. And the other main factor is price. We want to make it as cheap as possible to attract young, freedom-minded families. We are talking under $50,000 for a complete family unit, using economies of scale to efficiently provide for all of your daily needs and homeschooling/unschooling opportunities for all. Not anarcho-communism… that is seriously stupid. But a community of anarchists who believe in property rights and the non-aggression principle.
This is the type of thing we are working on here at TDV. Stay tuned for more. In the meantime, don’t be a fool, get your child out of school.
Article source: http://feedproxy.google.com/~r/TheDollarVigilanteBlog/~3/xs42TG5iwks/sending-your-kids-to-public-school-is-child-abuse.html
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Everybody with a printing press (i.e. Central Banks) are on hold, as we noted in our May 10 post Bank of England Defers to Fed on Future Printing.
However, there is pressing new information concerning the monetary outlook, starting with remarks by St. Louis branch Fed President James Bullard on May 16:
Definitions:
So, regular, planned printing is paused
Continue Reading →
Article source: http://feeds.wealthcycles.com/~r/wealthcycles/all/~3/0dm6XBlIaeg/pension-fund-shift-to-gold-belies-fed-vow-to-pause-currency-printing