Rand Paul’s has sent a third Letter to the CIA nominee Brennan asking: Can You Kill with Drones in the USA? There is a very disturbing trend emerging whereby instead of reforming and restructuring the debt where the NY bankers would lose for once, it appears the government would rather wage war against American citizens. […]

First: Hamilton’s comment demonstrates that EVEN the Federalists were more respectful of the limitations on government than what we have today. Of course, Jefferson’s arguments would be the best. That is not the point. The point is even the worst at the birth of the USA was far better than what we have today. Secondly, […]

U.S. Supreme Court IN RE SINKING FUND CASES, 99 U.S. 700 (1878) 99 U.S. 700 (L.Ed.) SINKING-FUND CASES. UNION PACIFIC RAILROAD COMPANY v. UNITED STATES. CENTRAL PACIFIC RAILROAD COMPANY v. GALLATIN. October Term, 1878 APPEAL from the Court of Claims. Appeal from the Circuit Court of the United States for the District of California. The […]

One reader wrote a question many seem to have: LOVE YOUR BLOGS MARTIN!!! Taking the Italian issue one step further— Could we then deduce that if the Italians don’t want more austerity and that type thinking does spread to the rest of Europe, because the handwriting is on the wall for the people in power—then […]

Throughout history there has been countless two-tier monetary systems where at times there have been a local currency issued by the immediate government, yet the people rely upon the currency of another government. Such periods are interesting for they are not official but emerge by the people rather than through a decree of a government. […]

Stocks on Monday suffered their biggest drop since November after a strong showing in Italian elections by groups opposed to the country’s economic reforms. Of course the markets are just confused for anyone who really thinks that Europe’s debt problems have been solved must be smoking something. This is nothing. Then we have the September […]

It is vital to understand that what we face is by no means the plain vanilla version of governments just printing into hyperinflation. These people are fighting back as is ALWAYS the case with core and major economies. The German hyperinflation took place AFTER a revolution with a unstable government that lacked credit. When there […]

If anyone doubts we are in a serious Sovereign Debt Crisis, then explain why even the Credit Agencies are cutting the credit ratings of sovereign nations. There was France, and now there is the UK. Moody’s cuts the UK Credit Rating to Aa1 from Aaa, citing weakness in the nation’s medium-term growth outlook that it now […]

Tens of thousands of anti-austerity demonstrators, who included members of the pro-communist union PAME, gathered during a protest in Athens on Wednesday, Feb. 20, 2013. Perhaps 40,000 filled the streets of Athens as unions staged a massive general strike to protest government spending cuts and tax hikes. It is widely criticized that these austerity measure will […]

The key support on the weekly level in gold lies at 15795. A weekly closing below that will  eventually be followed with a test of the 14100 to 14600 level. This is the bottom of the channel where gold should eventually test. The time for a rally in gold remains after 2015.75. This has been […]