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February 27, 2013
Shakespeare’s Polonius offered this classic advice to his son: “neither a borrower nor a lender be.” Ben Franklin commented on the subject of debt saying: “Rather go to bed supperless than rise in debt.” The politics of debt has always ruined the state. The celebrated British economist John Maynard Keynes said it like this: “If I […]
February 27, 2013
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, […]
February 27, 2013
Alexander Hamilton (1755-1804) was a Federalist. He was in favor of creating a strong federal government. Yet when we look at the REAL extent of power that even the Federalists advocated, we would pray for such rights today. Hamilton’s celebrated communication to the Senate of January 20th, 1795, said it all: “[W]hen a government enters […]
February 27, 2013
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 […]
February 27, 2013
Those who are new readers are probably unfamiliar with what I have called the Golden Rule of Reactions. When it comes to TIMING, it is vital to understand the basic tenets of cyclical analysis. That fundamental principle is where do we draw the line between a change in trend and a mere reaction. That line […]
February 27, 2013
Perhaps the two crazy theories to top the list are: (1) Canadian Tax Protesters are claiming that there is a legal person who has to file an income tax return, and then there is the natural person who the income belongs to therefore that person is not subject to income tax. The Canadian Tax authorities have […]
February 27, 2013
Russia Raids Rusal Russian tax officials have raided the offices of the world’s largest aluminium producer, Rusal. The government is engaging in an investigation into alleged tax evasion. This is becoming a worldwide problem. Fiscal Mismanagement lead to oppression. They bribe the public to vote for them, then they turn against the people to pay […]
February 26, 2013
The United States is losing all respect for its legal system Worldwide. The view of the United States is New York is no longer a safe place to invest and certainly after M.F. Global, it is not fit to keep your money there. Everyone is asking WHY did Wall Street executives escape jail time for […]
February 26, 2013
Diego Maradona, the Argentine soccer star who played for Italy between 1984 and 1991, is charged with owing Italy more than 32 million euros in tax. Upon visiting Italy, on one occasion they confiscated a diamond earring and auctioned it off. Then again they took his watches and sold them upon visiting Italy. http://www.bbc.co.uk/news/world-europe-21586345 The […]
February 26, 2013
Dave Janda, the host of Operation Freedom, had a guest on his show who informed the listeners that based upon information he said came from a high-level military officer that there is an Obama Administration’s new “Litmus Test” whereby senior officers are being asked would they be willing to order troops to fire on Americans if […]