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In a post a couple of days ago entitled ObamaCare -- The Final Straw That Keeps on Giving I speculated on the possibility of impeachment for violation of the oath of office for any Congressperson voting to expend funds on what was declared an unconstitutional law. Subsequent to that post, the mainstream media reported that Judge Vinson had granted a
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Madison, WI may be taking up most of the domestic headlines with its budget battles, however that will change. All states and municipalities are, to various degrees, similar to Wisconsin. Government spending is not sustainable. The fantasy world of the last couple of decades produced higher GDP as a result of debt expansion. Neither the GDP nor the
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[caption id="attachment_9670" align="alignleft" width="97" caption="Chris Martenson"] [/caption] [caption id="attachment_16437" align="alignright" width="100" caption="John Williams"] [/caption] For more than a year, I have argued that regardless of what you want to call
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Wikipedia describes the use of animals as early warning sensors. Canaries were used by miners: The classic example of animals serving as sentinels is the canary coal mine. Well into the 20th century, coal miners in the United Kingdom and the United States brought canaries into coal mines as an early-warning signal for toxic gases including methane and
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The name Ludwig von Mises is synonymous with classical liberalism. He was an unrepentant champion of freedom and free markets. His beliefs, unlike so many of us, were not something he inherited from his parents or society. Many he obtained from others, but many he was the original developer using his incredibly strong and fertile mind. He was unique
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The US is hurtling toward out-of-control inflation while the political class tries to convince the hoi polloi that inflation is not a problem. Government-generated CPI data show tame inflation. Federal Reserve Chairman Ben Bernanke claims deflation, not inflation, is the danger to the economy. Despite government propaganda every shopper knows inflation
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As political events in Egypt play out, including likely contagion to other parts of Africa and the Middle East, attention is diverted from the real threat to our country -- government insolvency. From Jeff T. Allen, writing in American Thinker : There will soon be a crisis affecting US citizens beyond any experienced since the Great Depression. And
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Proper formatting of this article can be found on author's website at www.economicnoise.com The history of government management of money has, except for a few short happy periods, been one of incessant fraud and deception. Friedrich Hayek The day after the election the Federal Reserve launched QE2, the second round of Quantitative Easing. This
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The milk of American politics may be money, but the fuel for American socialism is Keynesian economics. Keynesianism’s inherent bias toward bigger government has made it the indispensable tool for statists around the globe. Politicians' natural wont to spend and control benefited immensely when John Maynard Keynes published the General Theory in
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Aug 10 2010 The Apocalypse The economic condition of the country continues to decline toward its rendezvous with an, as yet, unknowable catastrophe. Speculation regarding this outcome is natural because self-interest, if not self-preservation, is at stake. Here is but one possibility. It is not a prediction, but a look at a series of not improbable