• Danke

      by Published on 01-03-2014 07:14 AM

      By Ambrose Evans-Pritchard
      8:06PM GMT 02 Jan 2014

      Much of the Western world will require defaults, a savings tax and higher inflation to clear the way for recovery as debt levels reach a 200-year high, according to a new report by the International Monetary Fund.

      The IMF working paper said debt burdens in developed nations have become extreme by any historical measure and will require a wave of haircuts, either negotiated 1930s-style write-offs or the standard mix of measures used by the IMF in its “toolkit” for emerging market blow-ups.

      “The size of the problem suggests that restructurings will be needed, for example, in the periphery of Europe, far beyond anything discussed in public to this point,” said the paper, by Harvard professors Carmen Reinhart and Kenneth Rogoff.

      The paper said policy elites in the West are still clinging to the illusion that rich countries are different from poorer regions and can therefore chip away at their debts with a blend of austerity cuts, growth, and tinkering (“forbearance”).

      MORE HERE: http://www.telegraph.co.uk/finance/f...year-high.html
      by Published on 11-28-2013 09:59 AM

      What if Thanksgiving Exposes the Government?

      What if another Thanksgiving Day is upon us and because of the government we have less to be thankful for than we did at the last one? What if at every Thanksgiving liberty is weakened and the government is strengthened? What if Thanksgiving’s warm and breezy seduction of gratitude is just the government’s way of inducing us to think we should be grateful for it?

      What if we don’t owe the government any thanks for anything? What if the government owes us back all the freedom and property it has stolen from us? What if the government has produced nothing and owns nothing, save what it has coerced us to give it? What if the courts have ruled that the government can lie and cheat with impunity in order to acquire our property or assault our freedoms? {see Income Tax}

      What if the government lies and cheats regularly to enhance its own wealth and power? What if the government claims that its power comes from the consent of the governed? What if no one consented to the government’s spying and lying except those who personally and directly benefit from it?

      Full piece: http://tenthamendmentcenter.com/2013...5#.UpdbnuuRJTY
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