(Editor’s note: very busy today… here’s a guy well worth a few minutes of your time; he’s a Bakersfield investment counselor writing in The Bakersfield Californian /GA)
By Andrew Wahrenbrock
As noted early 19th-century economist Frederick Bastiat once observed,
"The state is the great fiction by which everyone tries to live at the expense of everyone else." If we only knew now what we knew then.
Perhaps there are more lessons from "then." By all means, we the people should demand in the most expedient fashion that the words "In God We Trust" be removed from our paper currency. Then, if the people of this nation can again muster the resolve to institute sound money, (note Article I, Section 10, of the U.S. Constitution), we could easily, and with our national head held high, put the words back.
Meanwhile, we are eyewitnesses to the end times of an irredeemable currency. Researchers generally agree that the most recent period in which the purchasing power of a dollar was a dollar was the early 1930s.
Post the Gold Reserve Act of 1934, and the events of 1971, the current purchasing power of a dollar is approximately 5 cents. We are likewise witnessing the lesson of a few millennia wherein gold prevails as the ultimate store of value. The algebraic proof of this rests in how a debt is genuinely cleared. Gold remains the method that does not include a requisite obligation from another party.
I submit to the reader that the demise of these last few cents of our dollar's purchasing power will be a wild and woolly affair and the process is well under way. Correspondingly, the explosion of debt (debt is money, money is debt) since the 1971 default of gold backing on U.S. Treasury obligations is noteworthy. In 1971, the U.S. public debt was $436 billion.
Currently, according to analyst Darryl Schoon, that figure is in excess of $100 trillion. For the record, the $100 trillion includes public debt plus the debt attached to failed agencies (Fannie Mae, etc.) plus unfunded liabilities and pensions (Social Security, Medicare, etc.). Try as I may, I cannot come to grips with the scale of such parabolic growth. I wonder what the Roman numeral for $100 trillion is.
Still, we are subjected to politicians, the proverbial deer in the taillights, who claim we have to get the deficit under control. Apparently, they are unable to grasp the concept that it's over. A decade or so ago, mathematically, we passed the point of no return. Several decades ago, we passed the political point of no return.
And so those of us that watch financial markets observe a rapid shift up the financial food chain from bank crisis into sovereign debt crisis, wondering how quickly the next size-15 shoe will drop in a grossly over-leveraged system that is managing to take on even more leverage. The entire scheme has the potential to dismantle in days as market-system liquidity can disappear in an instant. Signs of this process are evident in the market actions of the recent period.
I contend that our grandchildren need not worry about paying off our debts as much as what form of government we will leave them.
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Like I always say…. liberals have never seen real hunger first hand… that’s why they’ oppose the Second Amendment.
Thousands show up at Tulsa food pantry Friday
“We estimate there were 2,000 people here this morning,” said Connie Cronley, executive director. “The heat, the crowd and the incorrect information they have received rendered, in my judgment, a situation that was unsafe.”

Just one more example of the insidious communist tentacles reaching into every corner of America:
Starting Jan. 1, 2012, Form 1099s will become a means of reporting to the
Currently, 1099 forms are used to track and report the miscellaneous income associated with services rendered by independent contractors or self-employed individuals.Just for ball-park math estimates, and with gold right now about about $1,195/oz, you can certainly understand the rage of this man:
"I'll have to hire two full-time people just to track all this stuff, which cuts into my profitability," he said.
008) or up to ten years in prison, or both. Most citizens who owned large amounts of gold had it transferred to countries such as Switzerland.
When asked in a 2008 radio interview whether she thought Palin had the experience to run a major company like Hewlett-Packard, Fiorina replied: “No, I don’t. But you know what? That’s not what she’s running for.”
So why does Palin endorse the very politics she claims to abhor?
offer California as an example of our future. We have very little time left in which to decisively act and that’s why November is the most important election in the last 60 years. 
Elisabeth Mandala, 18, was found dead this past Saturday in the small Mexican town of Mina. Her body, along with those of two Mexican men, was found in a Dodge truck which appeared to have wrecked. But, authorities suspected the wreck was merely a cover-up for murder, believing the victims had been beaten to death hours before.
Harvard seniors had the highest average at 69.6%, 5.97 points higher than its freshmen but still a D+. A Harvard senior posted the only perfect score.
Young Americans are far more like those kids from the Houston area at the vigil… asking “can’t we just get along?”
“Whether we believe in our capacity for self-government or whether we abandon the American revolution and confess that a little intellectual elite in a far-distant capital can plan our lives for us better than we can plan them ourselves.
“Sully” Sullenberger comes to mind, but most great heroics are not video taped or even witnessed. Often the story has to be reconstructed because the hero lays dead on a filthy sidewalk having sacrificed all.

When a heater ignited the chemicals Alaskan Ben Heinrichs was working with, his shed went up in flames, burning him. He fled the shop and slammed the door to confine the flames, but realizing that his German Shepherd “Buddy” was still inside, Ben went back in to rescue his him.
best of man’s best friends.
(Editor’s note: My friend TOL has had a deep interest in our space program, well, since birth. His first words were “perigee” and “apogee” –his parents through he had a speech impediment.

send a man into space in order to build an ICBM, but it seemed like it at the time. In any event, we had something to prove, and we proved it.
anything. A base supporting a few dozen is about the best you can hope for. The Jamestown colonists didn't have to transport oxygen, trees, food and water to the new world. The difference in scale and complexity between earth colonies and space colonies is on orders of magnitude.
“The biggest problems facing this country are national security issues posed by jihadists and economic suicide which has been adopted as a bipartisan government fiscal policy.
The puppet masters behind Obama such as George Soros had unimaginable power around the world, and now because they own the presidency, it has grown massively, albeit without discipline and focus.
Gay marriage, the politics of gay/lesbian/bi//he/she/it teachers, coaches, members of congress; planned parenthood, food police, smoking police, cell phone police, speech police, thought police.
Forcing the top 10% of the workers in American to pay 80% of the taxes, and allowing 40% of the workers to pay no taxes whatsoever… yet reward them with free medical, free food, free education and babysitting, and cash for having kids…. you know the typical Obama voter.
The best young Americans are serving in the military or working in law enforcement/first departments/ public safety …. the rest of young America never have and never will serve this nation.
divorced; it happened when yes sir, and no m’am disappeared from children's vocabularies; it happened when men stopped acting, sounding and looking like men… when they abdicated their leadership role in every segment of society.
performance as a Jew-hunting/hating Nazi officer in “Inglorious Basterds” Quentin Tarantino’s terrific WII fantasy; and “The Hurt Locker” beat the Na'vi out of James Cameron’s “Avatar”—a very anti-American, anti-Marine Corps film. As I understand it, Avatar is essentially “Bury My Heart at Wounded Knee”, blah-blah-blah… blah.
Sometimes a single story becomes a freeze frame—a stand-in—for other larger issues. 
The Posse Comitatus Act, passed in 1878, prohibits federal military personnel and units of the National Guard under federal authority from acting in a law enforcement capacity within the United States, except where expressly authorized by the Constitution or Congress. 
Some singer named Wyclef Jean, a Haitian who immigrated to American (where else?) and founder of the Yele Haiti relief charity, said that aid needed to be deployed by the international community straight away.
To which former Cheeapolee Carl got off the morning’s best line:
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