Martinson on Nonsensical Monetary Policy – Today’s Quote

Okay, the Fed’s recent decision to boost its monetary stimulus (a.k.a. “money printing,” “quantitative easing,” or simply “QE”) by another $45 billion a month to a combined $85 billion per month demonstrates an almost complete departure from what a normal person might consider sensible.

Chris Martinson via December 17th 2012

Jefferson on Taxation – Today’s Quote

If we run into such debts as that we must be taxed in our meat and in our drink, in our necessaries and our comforts, in our labors and our amusements, for our callings and our creeds, as the people of England are, our people, like them, must come to labor sixteen hours in the twenty-four, and give the earnings of fifteen of these to the government for their debts and daily expenses; And the sixteenth being insufficient to afford us bread, we must live, as they now do, on oatmeal and potatoes; have no time to think, no means of calling the mismanagers to account; but be glad to obtain subsistence by hiring ourselves to  rivet their chains on the necks of our fellow sufferers; And this is the tendency of all human governments .

A departure from principle in one instance becomes a precedent for a second, that second for a third, and so on till the bulk of the society is reduced to be mere automatons of misery, to have no sensibilities left but for sinning and suffering… And the fore-horse of this frightful team is public debt. Taxation follows that, and in its train wretchedness and oppression.

President Thomas Jefferson

Cornyn on Crony Capitalism and Entitlements- Today’s Quote

We cannot keep postponing structural changes to our largest entitlement programs,” Cornyn added. “And unless we are happy with a tax code that wastes economic resources, stifles job creation and promotes crony capitalism, we cannot keep delaying genuine tax reform.

Senator John Cornyn via Republicans to Democrats: ‘We’ve done our part’ in fiscal crisis negotiations | Fox News.

Thor on Black Holes and Fiscal Cliffs – Today’s Quote

Whoever knew that financial black holes contain fiscal cliffs? Amazing.

Brad Thor via Inside the Beltway: Bill and the hoodie – Washington Times

Powell on Entitlements – Today’s Quote

I don’t think the defense budget can be made…sacrosanct…. But the real money [is] in the entitlements, it’s Social Security and Medicare and Medicaid. And unless we do something about those, you can’t balance the budget.

Former Secretary of State, National Security Adviser and General (RET) Colin Powell

Clapper on The National Debt – Today’s Quote

The debt does pose a potential threat to our national security ….

Director of National Intelligence, Lieutenant General (RET) James Clapper

Hendrickson on Economic History Rhymes – Today’s Quote

Now that Barack Obama has won re-election, the parallels … to him and FDR seem stronger than ever. In terms of government spending, George W. Bush’s second term can now be viewed as Herbert Hoover redux, and Obama’s additional ramping up of the Bush spending explosion eerily mimics FDR’s post-Hoover strategy. Perhaps the most breathtaking parallel between FDR’s and Obama’s Big Government agendas is this: In his first five years in office, FDR spent more than the previous 31 presidents combined; in eight years as president, Obama will have doubled the national debt accumulated by all 43 of his predecessors (unless, of course, Uncle Sam’s farcical finances blow up before then).

Economist, Dr. Mark Hendrickson via Obama: The Second FDR Rather Than the Second Carter | Forbes

Donald Trump Guilty of Sedition?

It seems that some people are getting a little carried away since the election.  Even Donald Trump has made statements on Twitter that seem to incite violence.  Is Donald Trump guilty of sedition?

“We should have a revolution in this country.” That was the opinion of Donald Trump after President Obama won re-election…

Via Salon


Prepping Consequences of the Election

I’ve received several inquiries today from concerned preppers asking what changes they should make to their preparedness plans in light of the recent election results so I gave some thought to the prepping consequences of the election and here’s what I’ve come up with…

First off, by a margin of roughly 2.5% (popular vote – as of the writing of this article) the citizens of the U.S. have chosen a path that clearly encourages dependence as opposed to self reliance…make no mistake though, the Republicans would have been better…but not by orders of magnitude.  For those in the depths of post-election depression let me point out that this country survived over 12 years of Franklin D. Roosevelt’s equally flawed economic strategies.  A huge portion of our population continues to work hard in spite of an ever increasing tax burden, adapts to changes instead of giving up, and finds ways to succeed instead of being frustrated into paralysis by red tape and institutional favoritism.  This country still has the biggest economic engine in the world idling under the hood and the most stable and successful form of government (but for some reason we always impose parliamentary governments on the countries we conquer).

So back to the question at hand…what are the prepping consequences of the election?  (more…)

Thatcher on Socialism – Today’s Quote

…and Socialist governments traditionally do make a financial mess.  They always run out of other people’s money.

Prime Minister Margaret Thatcher

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