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Mercatus Center: Socialist Security Going Super Nova Right Now

The Mercatus Center at George Mason University has reviewed the most recent Socialist Security projections and concludes the State will be forced into borrowing to fund payments beginning immediately. Since the Social Security trust funds are filled with Treasury securities and the cash used to purchase them has already been spent, the government will have…

China Dumps 97% Of Its Short Term Treasuries

Praise Mao CNS News reports: [China] decreasing its ownership of the short-term U.S. government securities from a peak of $210.4 billion in May 2009 to $5.69 billion in March 2011… In August 2008, before the bank bailout and the stimulus law, overall Chinese holdings of U.S. debt stood at $573.7 billion. That number continued to escalate past…

Postal Service Implodes

I recently did a fairly large write up on the criminally funded US Postal Service in my Monopolist Claims Monopoly Privileges Are Not Enough piece.  In the article I pointed out that the USPS was hemorrhaging money at a rate of 2.2 billion dollars a quarter even though it is the largest monopoly in the world. Now…

NJ Courts Rule Cutting The Budget Is Unconstitutional

This is what happens when idiot libtards enshrine looting in their state constitution – liberal justices will mandate that the looting must continue no matter how economically destructive and ineffective the polices are. It’s so ridiculous it almost makes me snicker.  Here we have courts dictating state budgets to legislators.  So much for “no taxation…

Further Evidence Of The Electric Solar Model

The criminal fraudsters you call State funded cosmologists claim the Sun is a gigantic bonfire burning the sky, fueling itself by fusing hydrogen in a gravitationally collapsing furnace. This is preposterous. The corona high above the Sun is millions of degrees hot while the surface of the Sun is only 6000 degrees hot.  The laws…

Government Orders YouTube To Censor Protest Videos

The terrorist State has decided you should not be able to witness videos of people standing up against it.  Subsequently, it has ordered YouTube to remove videos of protests and turn over the user data of the people who posted them. Infowars reports: In a frightening example of how the state is tightening its grip around the…

New Authorization of Worldwide War Without End?

Infowars reports: The legislation authorizes the President of the United States to take unilateral military action against all nations, organizations, and persons — both domestically and abroad — who are alleged to be currently, (or in the past) engaged in hostilities, or who have provided aid in support of hostilities against the United States or…

The End Of The Ponzi Draws Nigh

Nomura’s Richard Koo has issued a piece that reflects what Austrian economists have been saying for years now. Ultimately the Fed will be presented with two choices: 1.  Print infinite amounts of money to prevent a global default on the ponzi debt. or 2.  Allow a complete bankruptcy and collapse of the banking system to…