BBC: US budget: Talks go on as government shutdown looms

http://www.bbc.co.uk/news/world-us-canada-13015909

BBC North America editor Mark Mardell notes that while President Obama has made it clear a shutdown would damage the fragile US economic recovery, it would also do huge damage to the already battered image of Washington politicians.

Obama said in a statement that the US government could not continue to operate on a [...]

Spend First, Pay Later, Libertarian Examiner Robin Phillips

The International Business Times has just reported that House Majority Leader, Steny Hoyer, says Congress may need to raise the U.S. federal debt ceiling by $1.8 trillion. “It is December,” House Appropriations Committee Chairman Dave Obey said, “we don’t really have a choice. The bill’s already been run up; the credit card has already been [...]

America has huge inland Bakken oil reserves; let’s go get it!

regain freedom

Here’s an interesting read — It came in today via email, and surely there’s a webpage of this somewhere,   It’s not “new news”  but it is certainly an objective viewpoint you need to see!

Also if I may add, about 6 months ago I was watching a news program on [...]

Peter Schiff: You’re the First to Know

You’re the First to Know

Dear Friend,

Well, it looks like you have made a difference.

[...]

Cash for Clunkers Cluelessness

I received this in an email and found some food for thought. I think others may too.

BODY OF EMAIL TEXT

The numbers I checked out are okay except I can’t verify the $1 Billion to run the program. I suspect that is way off base. There was an article that said [...]

Gary North: Which Flation will Get Us?

WHICH FLATION WILL GET US? from garynorth.com

Date 9/8/2009

Issue 109

One of them will. That’s if things work out really well. Two or three will if things go according to the Austrian theory of the business cycle.

Americans have been living in the eye of the monetary hurricane. [...]

Shockwaves of the Dollar Collapse

The Five Financial Shockwaves to Expect When China’s Yuan Swaps Places with the U.S. Dollar | Overseas Stock Markets. | Overseas Stock Markets.

This article is from Australia, for goodness sake!  It’s written more for the viewpoint of investors, but will apply to everyone.  Obviously Australians can see past the brainwashing better than we Americans!

[...]

Refuting “Economic Suicide”

Tuesday, September 1, 2009

Refuting “Economic Suicide” Inflation is always and everywhere a monetary phenomenon. These are the words of Milton Friedman in A Monetary History of the United States. The meaning of those words is that no matter what, inflation is a function of the amount of money available. Inflation occurs when more [...]

Lew Rockwell Jr: Government Creates Human Suffering

founder – Mises.org

by Llewellyn H. Rockwell, Jr.

Just how bad is the current plague of economic fallacy?

Consider the front page of the New York Times today (July 15, 2009):

SEACHANGE IS SET IN A HEALTH PLAN – House Democratic leaders took a big step toward guaranteeing health insurance for most Americans on [...]

Deflation Vs. Inflation: The Great Debate Rages On

Deflation Vs. Inflation: The Great Debate Rages On – Marc Courtenay — Seeking Alpha.

As we celebrate the 4th of the July in the USA we find ourselves at a tipping point that will impact our financial conditions and quality of life for many years to come. Most of you know I don’t create or [...]