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‘Black Swan’ Author Concerned About Hyperinflation
March 12 (Bloomberg) -- Nassim Nicholas Taleb, author of “The Black Swan” about how unforeseen events can roil markets, said he is concerned about hyperinflation as governments around the world take on more debt and print money.
A bill to allow citizens to pay their taxes with silver medallions gains support. Goldbugs are watching closely
With only one state representative dissenting, the Idaho House State Affairs committee voted on Monday to endorse HB 633, a bill that would allow Idaho citizens to pay their state taxes with an official state silver medallion.
The news comes just a month after a South Carolina legislator introduced a bill seeking to ban Federal currency altogether, and replace the upstart greenback with gold or silver coins. A half-dozen other states have considered similar legislation, reports the Tenth Amendment Center. But there's a key difference between the Idaho plan and the bills proposed in other states, most of which fall somewhere on a spectrum ranging from Tea Party rage to Ron Paul goldbug-ism. (The South Carolina bill, for example, claims that "the State is experiencing an economic crisis of severe magnitude caused in large part by the unconstitutional substitution of Federal Reserve Notes for silver and gold coin as legal tender in this State.")
U.S. Hyperinflation Possible By Year 2015
The U.S. government this week reported a record monthly budget deficit for February 2010 of $220.9 billion. Total tax receipts for the month were only $107.5 billion compared to outlays of $328.4 billion. The total U.S. deficit for the first five months of fiscal year 2010 was $651.6 billion, with tax receipts of $800.5 billion and outlays of $1.45 trillion. The deficit was up 10.5% for the first five months of fiscal year 2010 over the same period in fiscal year 2009
Tony Blair, Evangelicals, And The Coming One World Religion
Former UK Prime Minister, Tony Blair has created the Tony Blair Faith Foundation to unify the world’s religions. Blair is especially interested in promoting the benefits of globalization to Christian churches. There are a number of prominent American ministers who have endorsed his Tony Blair Faith Foundation with its emphasis on globalization or global government. In Revelation we read about this coming one world religion and the False Prophet who unites the world’s religions in order to bring peace to Planet Earth under the rule of Antichrist.
Blair courts controversial US pastor Rick Warren in bid to unite faiths
Tony Blair is preparing to launch a "faith offensive" across the United States over the next year, after building up relationships with a network of influential religious leaders and faith organisations.
Blair's fight to keep his oil cash secret: Former PM's deals are revealed as his earnings since 2007 reach £20million
Tony Blair waged an extraordinary two-year battle to keep secret a lucrative deal with a multinational oil giant which has extensive interests in Iraq.
The former Prime Minister tried to keep the public in the dark over his dealings with South Korean oil firm UI Energy Corporation.
Mr Blair - who has made at least £20million since leaving Downing Street in June 2007 - also went to great efforts to keep hidden a £1million deal advising the ruling royal family in Iraq's neighbour Kuwait.
In an unprecedented move, he persuaded the committee which vets the jobs of former ministers to keep details of both deals from the public for 20 months, claiming it was commercially sensitive. The deals emerged yesterday when the Advisory Committee on Business Appointments finally lost patience with Mr Blair and decided to ignore his objections and publish the details.
Rep. Tom Perriello (D-VA) said, "if you don't tie our hands, we will keep stealing."
Republicans assail IRS provision in health care bill
House Ways and Means Republicans on Thursday assailed a provision in the proposed health care reform bill under consideration this week. Subcommittee on Oversight ranking member Charles Boustany (R-La.) said the IRS provision in the bill "dangerously expands, in an ominous way the tentacles of the IRS and it's reach into every American family," he said today during a press conference. Boustany said the bill would allow the IRS to confiscate refunds if there are penalties for not buying health care.
Church Fights Back After Arizona Town Bans Home Bible Study
Print ShareThisGILBERT, Ariz. — The national Alliance Defense Fund says a town code that bars religious assemblies in private homes in the Arizona community of Gilbert is unconstitutional. The Oasis of Truth church began meeting at Pastor Joe Sutherland's house in November and rotated homes several times a week for Bible study and fellowship.
Another Paul nettles GOP
Senior Republicans in Kentucky and Washington D.C. are deeply concerned about Senate candidate Trey Grayson’s campaign as he struggles to narrow the gap against GOP primary rival Rand Paul.
GOP lawmakers, candidates pledge to repeal health-care legislation
Even as House Democrats search for the votes to send a health-care reform bill to President Obama, dozens of Republican lawmakers and candidates have signed a pledge to back an effort to repeal the measure, should the GOP take control of either chamber of Congress after this fall's elections.
Netanyahu defies U.S. over Jerusalem settlement
(Reuters) - Prime Minister Benjamin Netanyahu on Monday rejected any curbs on Jewish settlement in and around Jerusalem, defying Washington in Israel's deepening crisis with U.S. President Barack Obama's administration.
House may try to pass Senate health-care bill without voting on it
After laying the groundwork for a decisive vote this week on the Senate's health-care bill, House Speaker Nancy Pelosi suggested Monday that she might attempt to pass the measure without having members vote on it.
Massachusetts SJC rules 2nd Amendment does not apply to states
The right to bear arms as defined in the Second Amendment does not apply to the states, so Massachusetts can regulate who can have firearms and how those weapons are to be stored, the state's high court ruled Wednesday.
House Budget Committee Votes Against Including Stupak Amendment in Health-Care Reconciliation Bill
The House Budget Committee voted 17-19 Monday night against recommending that the Stupak-Pitts Amendment that bans funding of abortion through federally subsidized health care plans be included in the health-care reconciliation bill that the full House is likely to consider later this week.
Christopher Thornberg: Double Dip Is Coming in 2011
In a recent presentation in Orlando, Christopher Thornberg noted the likelihood of a double dip in 2011. Thornberg famously predicted the real estate bubble, disastrous downturn in California and the high probability of recession in 2008. He is a former economist at UCLA and currently works at Beacon Economics, the firm he founded. I relied heavily on Thornberg’s analysis in helping to side-step the housing debacle and I have found his research to be not only straight forward, but well reasoned.
Mass school closures approved in Kansas City, Mo.
KANSAS CITY, Mo. - Facing potential bankruptcy, the board that governs the once flush-with-cash Kansas City school district is taking the unusual and contentious step of shuttering almost half its schools.
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