Trustees Report: Medicare to Go Broke 3 Years Sooner

By Associated Press – Re-Blogged From Newsmax

Medicare will run out of money sooner than expected, and Social Security’s financial problems can’t be ignored either, the government said Tuesday in a sobering checkup on programs vital to the middle class.

The report from program trustees says Medicare will become insolvent in 2026 — three years earlier than previously forecast. Its giant trust fund for inpatient care won’t be able to fully cover projected medical bills starting at that point.

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Vermont to Pay up to $10,000 to New Residents Who Work Remotely

By Associated Press – Re-Blogged From Newsmax

Vermont is willing to pay new residents who work remotely for an out-of-state employer in hopes of increasing its population and workforce.

Vermont Gov. Phil Scott has signed into law a bill that will pay those new residents up to $10,000 over a period of two years in an effort to attract younger people to the state.

“Vermont isn’t just a place to ski and try craft beers, it’s an ideal state for raising a family and growing a business,” Department of Tourism and Marketing commissioner Wendy Knight said Friday.

Universal Basic Income To The Rescue?

By Michael Pento – Re-Blogged From http://www.PentoPort.com

The Keynesian Illuminati that run the world are now scrambling to find solutions to the rampant condition of income inequality that they themselves have created. After a decade of global fiscal and monetary policy madness, which were in effect Robin Hood in reverse, they are now seeking to repair the damage caused to the middle classes by making them become permanent wards of the states, just as they strip away ever more of their freedoms.

A genuine solution to reduce the wealth gap would be to eliminate central banks and replace them with a gold standard of money. This would automatically fetter the monetary base to the increased mine supply of gold, which historically has closely matched the productive capacity of the economy. This leads to stable growth without asset bubbles, which serves to eliminate trenchant differences between the classes. But that type of solution wouldn’t achieve their real objective, which is to increase power. Therefore their answer to the imminent manifestation of the next global financial crisis, of their own making, is to invent another government wealth redistribution scheme of even greater proportions.

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Russia Deploys Exotic New Weapon: A “Budget Surplus”

By John Rubino – Re-Blogged From Dollar Collapse

The price of oil is rising, which is obviously good news for those who sell it to the rest of us. Russia in particular seems to be enjoying the current trend, so much so that — if I’m understanding this correctly – Moscow is now receiving more in taxes than it’s spending. This is producing something called a “budget surplus,” which is a kind of currency war weapon that can be deployed to improve a country’s geopolitical position. Here’s a quick overview:

Russia To See Oil Revenues Jump Fivefold

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Seattle Proves that Government is Always the Problem – Never the Solution

By The Common Constitutionalist – Re-Blogged From iPATRIOT

You may have heard of the new tax being levied on companies in the Seattle area. IBD reports that the Seattle Politburo (city council), “unanimously passed a ‘head tax’ of $275 per full-time worker on any company in the city that makes more than $20 million in gross revenues. The city says the $48 million in new taxes will go toward affordable housing and providing emergency services for the city’s swelling homeless population.”

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Vancouver Gasoline Hits $4.77 a Gallon, Tops in North America

By Bloomberg – Re-Blogged From Newsmax

Vancouver sits less than 750 miles from the Canadian oil sands but it may as well be on another continent for vehicle drivers.

Gasoline prices in the Pacific Coast city hit C$1.62 a liter ($4.77 a gallon) on Monday, the highest in North America, according to Dan McTeague, a senior petroleum analyst at GasBuddy, which collects real-time fuel prices from more than 140,000 gas stations on the continent.

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Putting The Hype Back Into Hyperloop

By Willis Eschenbach – Re-Blogged From http://www.WattsUpWithThat.com

A recent article has discussed how Elon Musk’s “Boring Company” has raised $113 million dollars in startup capital. This is the company Musk formed to drill the tunnels for his proposed “Hyperloop” transportation system. It has encouraged me to discuss some of the engineering and practical problems with his LA-to-San Francisco Hyperloop proposal. The Hyperloop concept involves a windowless “pod” traveling at just below the speed of sound in a tube with all the air evacuated from it. There’s a reasonable description of the Hyperloop at Wikipedia and a much more hyper description at their website. It all sounds so good and so 21st Century, what’s not to like?

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