From Consent of the Governed: I have two articles of interest to share with you – especially if you have some sort of nest egg. First off - Congress and Obama want your 401 (k)s and IRAs It’s in the works kids…. you’ve been saving and investing for years and now [...]

Must Watch Kyle Bass Interview: “I Don’t Know How I Can Be Long Stocks” Submitted by Tyler Durden on 08/17/2010 12:21 -0500 The one must watch interview of the week (if not of the year) features Hayman Capital’s Kyle Bass. Bass, who correctly called the subprime implosion (and profited handsomely from [...]

The flight of both intellectual and actual capital was predictable and predicted. Our tax and regulatory policies are driving what we need out of the country. Furthermore, external capital often decides not to enter the U.S. Tracking capital flight, particularly intellectual, is difficult, often limited to anecdotal rather than statistical [...]

Obama’s election was supposed to transform America, at least in his mind. This country’s first Socialist President strode into office confident he would remake this country. Unfortunately for him and fortunately for the country, the timing of his election was twenty if not fifty years too late. Socialism failed in [...]

The “Pretence of Knowledge” was the title of economist Friedrich Hayek’s 1974 Nobel speech. In his first few sentences, he described the then-prevailing economic condition in words appropriate to today: … [this economic condition] has been brought about by policies which the majority of economists recommended and even urged governments [...]

I am not endorsing revenue increases for the government. My position is for government spending cuts, a lonely preference in terms of Washington-think. Washington’s Pavlovian response, always, is that more revenue is required. That is the response for government all the time, whether it be Federal, state or local. There [...]

Capital has no nationality. Whether it is physical capital or intellectual capital, it will go where it is treated well. Now it begins: Is Communism the New Capitalism? Six Fortune 500 Companies Move HQ to China by Steve Bartin Activist Post reports: The boat is leaving for China. Disney, Kraft Foods, [...]

Atlas is shrugging. John Galt has his bags packed and his plane is warming up for a one-way trip. As this scenario plays out, the Lords of the Political Realm don’t appear to care. They either have no understanding regarding what is happening or they just don’t care. Or possibly [...]

The Heritage Foundation provides excellent economic analyses. The following explains in detail why we have such big budget deficits and the implications for the future. There is no need to continue to listen to the bilge that spills from the Washington cesspool regarding deficits. Arm yourself with the facts. Vote [...]

Finally, there may be some good news. Uh, not necessarily what you might be expecting however. The good news is that things are actually worse than believed, and the collapse will occur sooner rather than later. Why is that good news? It is, only in the sense that it provides [...]

“The problem with socialism is you run out of other people’s money” Margaret Thatcher. The welfare states, by this I refer to countries and states, are all failing. Their demise is inevitable! Whether they go in the order of the extent they abused fiscal prudence will be determined by the [...]

A post appeared on Zerohedge today that had the following introduction: In response to the bankers and governments’ global rape, pillaging and plundering of people’s assets and freedoms, we are starting a series of essays that we call “The Liberation Essays” in an attempt to educate the masses about the [...]

“I am proud to be paying taxes in the United States. The only thing is – I could be just as proud for half the money.” The late Arthur Godfrey uttered these words many decades ago when taxes were much lower. I wonder what he might say today. Apparently the [...]

What do we do if the Rich decide to leave? Here is the problem that already is manifesting itself for the US (and other high tax areas) and will continue to worsen. The “Brain Drain” is underway, as is Capital Flight. Both will only get worse as our condition deteriorates. [...]

Ty Andros has a long piece about our coming economic “crack-up.” CLICK HERE to go to the latest issue of TedBits. Here is an excerpt of what he has to say: Years of borrowing to build the welfare-state constituencies has now resulted in an economic model and a public no [...]

Despite the full-court press by the government and their media lackeys, there is no economic recovery underway. There can be no recovery without employment improving, tax revenues improving and corporate sales (as opposed to corporate reported profits) improving. None of this is happening. Ignore government reported statistics, CNBC touts and [...]

Ron Paul discusses the European problems, the US problems and the Fed on CNBC. CNBC was obviously not happy with his realistic assessment of the economic problems. It certainly doesn’t fit their typical “tout” the markets and the recovery. Our Destructive Central BankThe Fed is a Hazard to Your Wealth [...]

Daniel Henninger at the Wall Street Journal is one of the more talented journalists and opinion writers left in the print media.Today he editorializes about Europe and its implications for US politics. The state of Europe can be summed up in one word: stagnation. Jean-Claude Trichet, the European Central Bank president who [...]

“Three hundred years ago, a substantial part of the population in the Americas was comprised of slaves. One hundred percent of the fruits of their labor were the property of their owners. Today, we are no longer slaves. However, about 40 to 50 percent of the product of your efforts [...]

“For Americans, reliable information about how to exercise the right of expatriation is very difficult to find without incurring substantial costs. Many high net worth individuals never consider it simply because the subject seems so mysterious and intimidating. Yet freeing yourself from the global U.S. tax net provides the highest [...]

Economists talk about the “tax wedge.” This term refers to the difference between pre-tax and after-tax costs. The term can be used to refer to any difference caused by our tax structure. For example, a merchant sells something for $1.00, but the purchaser pays $1.07 if there is a sales [...]

From the Wall Street Journal: “One item that doesn’t fall into the it-could-be-worse department … is the U.S. corporate income tax. It’s already about as bad as can be. This year, American businesses may spend 89 cents preparing their taxes for every dollar they pay in taxes. In a new estimate, [...]

There is a dangerous complacency regarding this economic crisis. Many believe we have seen the worst and are back to business as usual. The stock market has made a miraculous recovery. Some say it is off to the races once again. This crisis is not over. It has barely begun. [...]

The end of bloated government is near. It is inevitable because it is not sustainable. Taxpayers will not continue to support inefficiencies and waste and inflated staffing and wages. They are unable to. The economy is down and likely will remain so for several years. People are hurting and will [...]