Spanish Tax Hike
After the Spanish increased their value added tax, or VAT, by 3 points in September, their industrial output subsequently sank to 1993 levels. The tax increases are leading to widespread economic contraction. Unfortunately, this fact is completely lost on the majority of politicians, looking for their next bribe, on both sides of the Atlantic.
Economic Freedom Rank
Economic freedom is a crucial component of liberty. It empowers people to work, produce, consume, own, trade, and invest according to their personal choices. In 2013, the top 5 countries with the highest economic freedom are currently Switzerland, New Zealand, Australia, Singapore, and Hong Kong at number one. The US just edged out Ireland to hold on to the 10th most free nation. Obama’s home country, Kenya, is at 114 and North Korea is the least free at a rank of 177.
European Cashless Society
The EU Finance Ministry is mulling incentives for the use of credit and debit cards and drop the cash transaction ceiling to 500 euros. Of course, the way inflation is going, 500 euros may soon not able to buy a piece of chewing gum. Perhaps, another reason why many Germans are using Deutschmarks for transactions.
Major Delays In Deliveries
Egon von Greyerz says that Swiss gold refiners have been overwhelmed with orders for physical gold. Even though the paper ponzi scheme is forcing the price of gold and silver to go down, sophisticated investors, who want to maintain their wealth, are scooping up the metals as quickly as they come out. The day the paper buyers realize they will never get their hands on the gold and silver they bought, the game is over and the price of gold and silver will explode. Egon von Greyerz believes that day is not far away.
If Congress Doesn’t Raise the Debt Ceiling
We are already witnessing the beginnings of the kabuki dance around the debt ceiling again. Yes, this routine is getting old; however, if the debt ceiling is not raised, nothing disastrous will happen. It will be like a junkie going through withdrawal. There will be a lot of screaming and discomfort but ultimately it will be beneficial.
Because of Obama’s war against the US Constitution, people are arming to protect themselves.
This has lead to a nationwide ammo shortage so severe that the police cannot buy bullets. Can you imagine ammo rationing? Perhaps bullets may be more valuable than gold and silver.
Supreme Court to hear Birther Case
Chief Justice John Roberts has scheduled a birther case against Obama’s eligibility to be president of the United States. This case will be heard on February 15th. Of course, if Obama is willing to violate the constitution and cause mass chaos,
with an executive order on gun control, then the Supreme Court can take him out on eligibility due to his fraudulent birth certificate. Just imagine the pandemonium if Obama is kicked out of office.
Finally, please prepare now for the escalating economic and social unrest. Good Day!
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