federal spending

......................."Knowing where constitutional authority for taxing and spending is vital to our nation. No matter how we feel about President Obama, if we buy into the notion that it's he who's doing the taxing and spending, adding to our debt and deficits, we will focus our attention on trying to restrain the president. That will leave Congress less politically culpable for our deepening quagmire. Of course, if you're a congressman, not being held accountable is what you want.

Adding to the political deception in Washington is the notion that nearly 60 percent of the federal budget is off limits for spending cuts, the so-called non-discretionary spending such as Social Security, Medicare and Medicaid. Congress has the constitutional authority, through a simple majority vote, to change whatever laws associated with those "nondiscretionary" spending programs."


http://www.ocregister.com/opinion/spend ... rcent.html

We will soon experience the same extreme measures that Britain went through in the 70's.
No other country will want our currency as it is devaluating at a tremendous rate.
Sure Gietner says it won't but that is a lie. Why else would Soros and other million/billionaires be buying up gold.
It is cheap right now at 1400.00 per ounce but in a few years when the government takes all the peoples money, credit cards and rations electricity, food and such it will be worth 5000.00 an once or more.
A rumor that is not really a rumor is that there is a move within the world powers to go to a world Currency most want what is called the Bancor. One Bank one currency one management corp.

China owns more US currency than any other country in the world, and they are currently dumping it. In NY some retailers and stores are accepting the Euro, and in some foreign countries where the USD was welcome it no longer is.

If you don't believe it will happen then don't. The jews that stayed in Germany didn't believe that what happened would either. But in reality it has already started. There are alarming similarities to the Great Depression in graph form, but this will be much larger.

More recent examples would be Yugoslavia, and a little older Russia, and Greece. Hopefully we won't see the extreme revolution like tactics we have in Egypt and others in the past, but on a small scale people pushed to there limits will break at some point.

And what happens when the Feds demand that you sell them your gold to them for inflationary greenbacks like FDR did in the 30's?

Unless you were a dummy and have a paper trail how do they know?
Gold is something at this time you can own without taxation.

Those that are dumb will face the rath of the downfall.