Meanwhile, over at the global superpower, the public is slowly waking up to the fact that this government, too, is going bust, thanks to out-of-control entitlement programs, expensive bailouts, and the suicidal policy of everlasting peace through everlasting war. For the past six months, all of the United States government’s issuance of new debt has been bought by its compliant central bank and paid for by the printing press. As the politicians of this empire in decline are fiddling on the aptly named Capitol about a few billion in savings here and a few billion there, trillions are getting burned by the unstoppable state machinery. And over in Albion, the hotly debated “savage” cuts in public spending still seem the figment of tabloid imagination as they have so far not prevented the country from accumulating another £145 billion in debt over the past 12 months.
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May 5th, 2011 | 8 comments - (Comments are closed)
 Like two drowning sailors hanging onto one another in order to postpone the inevitable, overstretched banks thus accumulate the debt of insolvent governments to keep the façade of solvency up. May 4th, 2011 | 10 comments - (Comments are closed)
That is one suspected reason for why the Icelandic government was so eager to roll over for the Dutch and the British – they were willing to bankrupt the nation to get their snouts trotter-deep into the EU troughs. If this means I can’t join the EU I regard the referendum result as a double win. – Commenter Bjarni April 10th, 2011 | 2 comments - (Comments are closed)
February 11th, 2011 | 121 comments - (Comments are closed)
And that is called paying the Dane-geld; but we’ve proved it again and again, that if once you have paid him the Dane-geld you never get rid of the Dane. – Rudyard Kipling January 31st, 2011 | 31 comments - (Comments are closed)
The government can take away my freedom, but if they take away my internet porn, they’re going down – @arabist January 27th, 2011 | 32 comments - (Comments are closed)
… that ‘tax pros’ are worried that tax evasion will be greatly increased by new regulations in the USA
“Tax evasion could go viral”… what a pleasing concept. Well all I can say to these unnamed ‘tax pros’ laboring away tirelessly to make people ‘compliant’ is “from your lips to God’s ear”. Few things would help the growth of the culture needed for a fight back of liberty to succeed than something that not only induced contempt for the state but actively motivates self-interested resistance to the supra-constitutional tax gathering arm of the US government… and perhaps the single best form of resistance to an over-mighty state is keeping as much money as possible out of its hands. Encouraging tax evasion: far from being an ‘ugly side effect’ it is the unforeseen silver lining that may tip millions of apolitical business folk into unwitting de facto alliance with liberty’s anti-statist friends. January 26th, 2011 | 25 comments - (Comments are closed)
How about adding some math lessons to plot statistically the chance of an Arab suicide bomber and a gay socialist vegetarian pacifist wearing a Che Guevara tee shirt and no sense of irony all ending up on the same bus in London? Sigh…Math was never that much fun in my school days. State education is beyond parody. – Perry de Havilland commenting here January 23rd, 2011 | 6 comments - (Comments are closed)
German politicians view the monetisation of sovereign debt as the road to Weimar. They expect the ECB to be the heir to the Bundesbank and not the Reichsbank – Willem Buiter, Citigroup chief economist December 22nd, 2010 | 17 comments - (Comments are closed)
December 21st, 2010 | 25 comments - (Comments are closed)
December 12th, 2010 | 16 comments - (Comments are closed)
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