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Today’s Items:

Wealthy Hit Hardest as France Raises Taxes

France’s new socialist government has hit its wealthiest with a 7.2 billion euro tax hike to meet this years budget deficit target.   It also includes surcharges on banks and energy companies.   With that in mind, people tend to vote with their feet and French is spoken in Canada.   The problem with killing the rich and taking all their stuff is that you can only do it once.

Barclays Releases Damning Email

Barclays released emails, from 2008, that implicates the British Government in the LIBOR scandal.  The London Interbank Exchange Rate, is the rate at which banks borrow from each other.   This rigging was done to make banks make themselves look healthier, but this had the consequence of affecting hundreds of trillions of dollars’ worth of financial products worldwide.   Even with the newly adopted so-called “Improved” standard, the Bank of England and the Fed are both implicated, but they will not go down until the whole house of cards collapses.

African ‘Ghost Town’

At a cost of $3.5 billion, a giant new Chinese-built city has sprung up on the outskirts of Angolia’s capital.   The apartments, advertised for more than $120 dollars is well out of reach for two-thirds of Angolan population,  who live on less than $2 a day.   China is most likely thinking long term here folks.

IRS Struggles

The IRS identified roughly two million tax returns that were potentially fraudulent last year which is a 72% increase.  It appears that many are following the criminal element in Washington.   Can you imagine the nightmare with the implementation of over 13,000 pages of regulations with the ObamaTax law.

States With Lowest Property Taxes

The following states are considered to have the lowest property tax bills in the country:  Arizona,  New Mexico, West Virginia,  Alabama, and Louisiana.

20 Facts About Walmart Destroying America

Here are a few…
1. The average U.S. family now spends more than $4000 a year at Wal-Mart.
2. Wal-Mart is the largest employer in 25 different U.S. states.
3. 85 percent of all the products sold at Wal-Mart are made outside of the U.S..

Detective Probes Obama Social Security Number Mystery

A suit has been filed, in Ohio, for the removal of Obama’s name from the Presidential ballot until he can prove the validity of his Social Security Number.  The prefix number of “042”, used by Obama, are for residents of Connecticut and the 10 sequential numbers before and after Obama’ number are from 1977 to 1979.   Where there is smoke there is fire.

Finally, Please prepare now for the escalating economic and social unrest. Good Day

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