CBO Issues Dire Forecast for US Debt
The US Congressional Budget Office is warning that the federal deficit has hit a point of no return. It is far too late to cut wasteful government spending. Politicians have [...]
British Royal Mint Selling & Sorting Gold for Pensions
The British Royal Mint is looking to sell more of its gold reserves in the form of gold bars for pension funds for the first time. They are charging 1% to store it and then they want VAT tax on top of it all. They are selling 100 g or 1 kg bars. The problem, of course, is government historically can just arbitrarily change the law and there is nothing you can do about it. They are advising people to place up to 5% of their pension in gold, but this should be tax exempt.
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Major Cuts to HHS – Spending Has Not Improved America’s Health Crisis
The US Department of Health and Human Services (HHS) announced plans to cut its workforce by a quarter, eliminating 10,000 positions. Robert F. Kennedy Jr. has vowed to gut the [...]
The Danger of Traveling with Gold
Two men were pulled over while driving on I-20 in Texas, carrying $250,000 worth of gold bars. US law permits and encourages law enforcement to confiscate assets. Civil asset forfeiture [...]
The Tyranny of Centralized Government
For centuries, the main reason no government has ever survived its own greed for money and power is that whoever is in power at present constantly assumes that this time [...]
