New Warnings On Risky “Self Storage” Gold And Silver IRAs

By Clint Siegner – Re-Blogged From http://www.Gold-Eagle.com

Bullion investors buy gold and silver as a matter of self-reliance. Physical metals aren’t dependent upon the promises of financial institutions, governments, or other third parties.

This lack of counterparty risk makes precious metals quite different from most conventional assets. There is no possibility of a default or mismanagement which renders them worthless. That is a lot more than can be said of securities such as stocks and bonds.

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Who Pays What in Taxes?

   By Walter E Williams – Re-Blogged From The Patriot Post

Politicians exploit public ignorance. Few areas of public ignorance provide as many opportunities for political demagoguery as taxation. Today some politicians argue that the rich must pay their fair share and label the proposed changes in tax law as tax cuts for the rich. Let’s look at who pays what, with an eye toward attempting to answer this question: Are the rich paying their fair share?

According to the latest IRS data, the payment of income taxes is as follows. The top 1 percent of income earners, those having an adjusted annual gross income of $480,930 or higher, pay about 39 percent of federal income taxes. That means about 892,000 Americans are stuck with paying 39 percent of all federal taxes. The top 10 percent of income earners, those having an adjusted gross income over $138,031, pay about 70.6 percent of federal income taxes (https://tinyurl.com/yddvee2o). About 1.7 million Americans, less than 1 percent of our population, pay 70.6 percent of federal income taxes. Is that fair, or do you think they should pay more? By the way, earning $500,000 a year doesn’t make one rich. It’s not even yacht money.

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Empire Strikes Back – At Bitcoin

By John Rubino – Re-Blogged From Dollar Collpse

One of the uncertainties with cryptocurrencies has always been how governments would react once bitcoin and its kin got big enough to actually threaten the monopolies of national fiat currencies.

That day seemed to be approaching as cryptocurrencies’ aggregate market cap blew through $100 billion and the pipeline of new bitcoin wannabes (initial coin offerings, or ICOs) swelled into the hundreds. Even – in a classic sign of a bubble top — Paris Hilton got involved:

Hotel Heiress Paris Hilton Is the Latest Celebrity to Promote an ICO

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Billionaire Crony Corporatist Schemes

By Paul Driessen – Re-Blogged From http://www.WattsUpWithThat.com

Shady cash from Vladimir Putin’s Russian energy oligarchs and other rich donors is being laundered through Bermuda-based lawyers and middlemen to “green” pressure groups, lobbyists and spinmeisters – to promote “green energy” schemes that bring billions of dollars from government agencies (and thus from us taxpayers and consumers) to a cabal of billionaires and crony companies. At the epicenter are hedge fund millionaire Nathaniel Simons, his wife Laura and their secretive Sea Change Foundation.

“Investors” become even wealthier, as billions of dollars are transferred annually to environmentalists, scientists, politicians, bureaucrats and crony-corporatists in Renewable Energy & Climate Crisis, Inc. The alleged “urgency” of replacing fossil fuels with “eco-friendly renewable energy” (to prevent catastrophic manmade climate change) drives and excuses operations that define or barely skirt “corrupt practices.”

The arrangements are too convoluted to explain in one article. Even the US Senate’s “Billionaires’ Club” report, Environmental Policy Alliance’s “From Russia with Love” study, and articles by investigative journalists like Ron Arnold and Lachlan Markay (here, here and here) barely scratch the surface.

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Trumped! Why It Happened And What Comes Next

By David Stockman – Re-Blogged From Stockman’s Contra Corner

Donald Trump’s patented phrase “we aren’t winning anymore” lies beneath the tidal wave of anti-establishment sentiment propelling his campaign and, to some considerable degree, that of Bernie Sanders, too.

As we demonstrated in Part 1, what’s winning is Washington, Wall Street and the bicoastal elites. The latter prosper from finance, the LA and SF branches of entertainment ( movies/TV and social media, respectively) and the great rackets of the Imperial City—including the military/industrial/surveillance complex, the health and education cartels, the plaintiffs and patent bar, the tax loophole farmers and the endless lesser K-Street racketeers.

But most of America’s vast flyover zone has been left behind. Thus, the bottom 90% of families have no more real net worth today than they had 30 years ago and earn lower real household incomes and wages than they did 25 years ago.

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Banana Republic USA?

By Nicholas Wishek – Re-Bloggd From Eagle Rising

In case you haven’t noticed, the United States is in a real and rapidly increasing danger of becoming a banana republic. That certainly is the apparent goal of this administration and the Democrat Party. The Republicans’ establishment seems content to go along as long as they are included in the ruling class. Putting aside the obvious, that the U.S. economy doesn’t rely on a single crop, Wikipedia’s definition of what defines a banana republic is as follows. “It typically has stratified social classes, including a large, impoverished working class and a ruling plutocracy of business, political, and military elites. This politico-economic oligarchy controls the primary-sector productions to exploit the country’s economy.”

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On Obamacare, It’s the President Who Refuses to Embrace Reality

By Peter Suderman – Re-Blogged From http://www.Reason.com

Obamacare turns five years old this week, and to mark the occasion, President Obama took after critics of the health law, noting their ongoing opposition while briefly laying out the reasons he believes it to be a success. “It’s time to embrace reality,” he said, according to The Hill.

The president ticked off a string of points in support of the law: an additional 16 million insured, 50,000 fewer preventable deaths, slow growth in health premium costs, and lower deficit projections as a result.

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