Police State Amerika!

The following comes from a great post at Sodahead.com, where I’ve been spending perhaps too much of my time.  The author is “The Rock”, who put this post together with a poll and several great videos.  We’ll give you the Sodahead link at the end of this text. “Those who would give up essential liberty [...]

Iceland expected to turn left in weekend election

Nobody wants to mention tax rises just ahead of the elections,” said Thorolfur Matthiasson, an economics professor at the University of Iceland. “But if the budget deficit is 10 percent of GDP and the official debt is approximately what the nation can produce in one year, then the politicians will have to raise tax and [...]

Hyperinflation:Last Gasp of a Doomed Currency

Rather than solving the problems, the government’s bailouts merely confirm my worst fears, and increase the chances for a hyper-inflationary outcome. By nationalizing Freddie and Fannie, the government has merely delayed the crisis. The borrowed time will cost us dearly, as the day of reckoning will now likely involve much steeper losses.

This was the [...]