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Irene sent this Brietbart article:

US GOVERNMENT IS WORLD'S 3RD LARGEST ECONOMY

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by MIKE FLYNN 31 Mar 2014 POST A COMMENT

Monday's open enrollment deadline for ObamaCare, which, with its subsidies and tax credits, represents the largest expansion of government, is a good time to assess the total scale of government in the US. 

Appreciating the full scope of the US government is difficult, because its activities are undertaken at the federal, state, and local levels. Adding all of this together, government in the US consumes more than $6 trillion a year. This makes the US government the world's 3rd largest economy. 

The United States economy produces just over $16 trillion in total goods and services every year. China's economic output is, by the most reliable measure, over $8 trillion. The next largest national economy is Japan, producing around $5 trillion in total economic output. Federal, state, and local governments in the US, however, consume more than $6.2 trillion. US government spending, in fact, is about the same as the total economic output of France and Germany combined. 

Getting even a rough grasp of total government spending in the US is tricky. One must navigate multiple data sources and be sure to subtract intergovernmental transfers. The federal government provides more than half a trillion dollars to state governments. State governments transfer nearly an equal amount to local governments. States also have a number of trust funds that aren't included in their general fund expenditures.

Total federal outlays in 2012 were $3.5 trillion, roughly the size of the German economy. (Consider that; It takes the total economic output of every German, who have the 4th largest national economy, to finance our federal government.) After subtracting federal grants and transfers, state governments in the US consumed just over $1.6 trillion, which is roughly the economy of Spain or India. 

Local governments collected revenue of around $1.1 trillion in 2011 (the last year for which information is available). There are more than 90,000 units of local government in the US. 

(Note: Figures for state and local governments are based on revenue collected rather than expenditures. Under current reporting, one can account for intergovernmental transfers in revenue reported, but not in expenditures. For example, one can determine how much local governments receive from state governments for public education, but local governments report the total amount spent on education, not the funding source of the spending.)

Taken together, government in the United States, at all levels, consumes about 40% of the overall economy. Considering only of the federal government or individual states obscures the complete footprint of government in the US.  

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EC:

Another option to just getting yourself safe, is to crush the system as it stands. Pay less tax, retire early (and get the money out of the 401K), get food stamps, get out of the U.S. Dollar, get every freebie offered to the dead weight. Demand reassessment of your land. Take the entire system down from within - that is what the Marxists did, it was a documented strategy,  so return the favor.  Individual action, no matter how small it seems, is critical.

Those with cash are the targets for government. Home owners and retirement funds are next. All government activity is about buying lower class voters, feeding banks, the military/industrial complex, academia and other collectivists and oligarchs - it needs your money.  

Look at all the taxes you pay and stop. For example, if you don't need to drive - don't. The tax revenue from fuel is confiscatory.  Don't buy new crap.  Don't buy a sandwich when you can buy the real food as prepared food has a high tax on it. Avoid hotels, especially expensive ones.  For that matter, avoid NYC and other big socialist cities that exist to take money from citizens. Drive carefully as the car is a major source of intrusion into your life.

Get your money out of the country or out of dollars and use all the services the socialists offer to the lower classes. Get those food stamps, fuel supplements, and so on. You are not encouraging the system, it is time to break it.  You are merely claiming some of your money back.

If most people decided to not drive for a few weeks, the state would begin to collapse. Please, quit smoking - it is your patriotic duty.  

Don't apply moral, Protestant values. Those are the ones that destroyed your nation. The enemy is in control, so resist.  Avoiding taxes is legal if you barter, so practice that art.

Few can do it, but if you can, sue government departments and individuals, as appropriate. Go to Town Meetings and complain all the time. Vote against all teachers running for the school board - an absurd conflict of interest.

 One needs a lawyer, usually, to sue, so if you can afford it, do so as a patriotic act. You can pick one of a thousand violations of the law and Constitution to sue about.  Passive resistance is much safer than what will follow.

The ultimate freedom fighters weapons are to starve the monster and to vote out everyone. Forget parties, just say no.  (OK, you can avoid the Communist, Socialist Progressive, and Working Families Parties. They all support the collective over individual freedom)

Pass this along to those who are low information voters.  It is their future that is at stake and they are committing suicide. 

One Target of the Failed State: Gold

President Roosevelt, 1933:

''By virtue of the authority vested in me by Section 5(B) of The Act of Oct. 6, 1917, as amended by section 2 of the Act of March 9, 1933, in which Congress declared that a serious emergency exists, I as President, do declare that the national emergency still exists; That the continued private hoarding of gold and silver by subjects of the United States poses a grave threat to the peace, equal justice, and well-being of the United States; and that appropriate measures must be taken immediately to protect the interests of our people. ''Therefore, pursuant to the above authority, I hereby proclaim that such gold and silver holdings are prohibited,.....

“If it gets bad enough, they’ll declare a national economic emergency. 

They’ll take over the banks, all business and industry. They may even try to confiscate our gold. I served on the Gold Commission for eight or nine months while I was in Congress along with fifteen other members. 

I brought up the subject of confiscation. The power to confiscate gold is still on the books as the law of the land. I urged the full Commission to recommend Congress repeal the power to confiscate gold in an economic emergency. We pushed it to a vote and I was the only one that voted to recommend to Congress that we never again contemplate taking the gold of the American people. The fifteen other mem- bers voted it down. 

The power is still there on the books, and they can do it any time they wish.’’

–Ron Paul, discussing gold confiscation-

 Background on Gold and Confiscation (its a sales pitch)

This current gang running our turf would decide, as did Roosevelt, that owning gold is a grave threat to peace and "equal justice"....   Equal justice, sound familiar?

Manipulation: gold, silver, brains

Today's lesson: manipulation of stocks and metals is a daily event.  It works as people do not actually know why they buy or sell other than other people are buying or selling.  I used to pay attention to talking heads and, sometimes, they are in the stream and can predict its direction.  Usually, opinion is generated by big houses and the markets themselves, then press releases to to media and you have a new environment.

We are told gold is dead.  Why?  Because others say gold is dead.  This is a fun way to bet, but it doesn't mean anything.  Read below and "bet" accordingly, which to me means buy silver and peanut butter. But, I repeat myself.

Large institutions have driven down prices in order to keep away from insolvency.  If silver takes off, for example, Morgan Stanley is looking at a failure. In drops like this, it can clean up the mess it inherited after the last economic collapse.  However, it is still in a precarious position.

From Anglo-Far East gold guru:

Capitulation - Part 2

The price of gold is currently trading more than 4.5 standard deviations below its 50-day moving average.

 I have previously made reference to the fact that many analysts who live and die by their charts are saying gold's story is all over. In honour of their opinion let's consider a couple of contrary charts.

The chart above shows the daily overbought/oversold reading for gold based on the number of standard deviations it traded above or below its 50-day moving average.  Last week I detailed the events around the 1975 sell off where real gold was dropped into the market and indeed here we are in 2013 with an even deeper low than back then albeit by a whisker and accomplished amazingly with no actual metal getting dumped if that makes any sense. We now have a reading that shows gold is the most oversold since 1975.

Given the other end of the spectrum at positive 4 or higher which is an area where gold's price resides much of the time, you do the maths on where gold's price would be when it eventually slingshots the other way. I repeat my question "have the fundamentals of the world's financial system been fixed such that currency, the banking system and governments be trusted and gold dispensed with or do we need to remain vigilant to events still unfolding?" 

The slingshot in 1975 was breath-taking and quite aside from the correction from $200 odd to $119.00 and then its bounce to $850.00 plus, it's standard deviation measure spent the last half of the decade firmly in positive territory. The current price of gold is in the high $1300.00's and negative 4.5 on standard deviations below the 50 day moving average. Consider that carefully and this moment in time when you look back in a few years as to what you were doing and deciding regards being led by the crowd or seeing the big picture?

A good friend and astute banker sends me an email last week asking would I like to go halves in a short position in gold as in a big one. He cites the risk of further downside over the next 3-6 months as justification so let's consider the current position in the trader's camp

In the latest CFTC Commitmentof Traders report it's been noted that Comex gold short positions have grown to a newall-time high of 79,416 shorts. In fact short positions in gold have risen 25% over in the last three weeks. Now with the greatest of respect to all those astute analysts that may or may not be correct to a further capitulation, my question to my good friend was why would you want to chase a falling knife after its already dropped so far and risk getting cut? I watch my kids fight over the baking bowl as to who gets "licking the spoon rights". Frankly as a mature adult I would rather just wait for the cake to bake and have a nice big piece thank you! What would you prefer- lick the spoon or eat the cake as to buying or adding more?

Why anyone would want to go short or look at their current holdings in gold/silver as a glass half empty is amazing and testament to the power of human emotion to make decisions and judgments on sight versus fact.

I may wince at the way metals and shares are getting hammered but I am encouraged when I look at the facts, consider history, review the way governments have and are behaving and I make my decisions based on that. As the late Bob Chapman would say "you go long and stay long". That is the way to really cash in on a long term secular gold bull market. Leave the traders to slaughterthemselves!

Duncan Cameron
Senior Relationship Manager
Anglo Far-East 

The Clock is Ticking

First glimpse, picked up in an article by Irene.  

Most people are not sensitive to reality.  Here, the Illinois, note the state, Senate wants all gold and silver transactions registered.  Only a true believe would deny it is in anticipation of confiscation.  

Unless, gold bars are a dangerous weapon to control.  At the same time, the controllers want to take guns, permit the army to arrest you in the U.S., turn off the Internet, and militarize the local cops. 

All I can say, a word to the wise is sufficient.  Also, start to wonder about what is really going on in Sandy Hook.  The whole affair smells like Kristall Nacht.  Check it out.

Buy silver coins as soon as possible. Price is favorable.

Oh, why Illinois?  Where else would the Obama team test the waters for preparing a confiscation, which is mandatory considering our slow motion financial collapse? 

Just read that if Americans were taxed, all of us, not the millionaires and billionaires, at a 100% rate, we would still have to borrow money to carry our debt.  We are done and only the ostrich can't see the avalanche. We have sold our heirs into slavery. Have a nice day.

Your current wealth is no longer yours, it belongs to banks, etc. What you think you have is being transferred by devaluing your dollar daily. Of course, you don't see inflation as the government numbers do not include energy or food. Word to the wise.... Duh!  If you are still a true believer, then 7.7% of us are unemployed.

The slow motion is done on purpose of course.  Still, we are only down the road a bit from Greece and Cyprus. 

 There is no point trying to convince, just a reminder to do something:  seeds, silver, and stores.  Hey, I like that.  Feel free to use it. There is only a vague chance the nation we grew up in will remain.  The Wilson fascism only ended because fate gave us Coolidge.  

WND-TV

NEW BILL REQUIRES GOLD AND SILVER REGISTRATION

The slippery slope to confiscation has begun.

Gold and silver buyers could soon have to register with the state of Illinois.

Rick Santelli provides an update on legislation that requires every gold and silver transaction to be registered with the State. Here are the basics. The bill, officially called SB-3341, was introduced in 2012, immediately passed the Illinois Senate and is now awaiting action by the House.

Read more at http://www.wnd.com/wnd_video/new-bill-requires-gold-and-silver-registration/#tkXOhhOOF6OweZgh.99 

It is TIME

LISTEN TO ME

Iran Oil for Turkish Gold

Some important background:

Iran, the new international devil, whose leaders sure speak in devil's tongue, does not have a central bank like the Fed and every other nation on earth where private bankers control currencies and debt.  One can easily understand how bankers want to bring Iran to its knees to beg at the altar of money.

Iran has been placed under the now absurdist "sanctions" by the U.S. and others. It cannot use SWIFT, the critical communication system for international bankers. So, economic alteration had to take place. The micromanagers and idealists never see the obvious consequences to their games:

Gold for Oil

Turkey skirting Iran sanctions by trading gold for crude

 

Turkish Prime Minister Erdogan meets with Iranian President Ahmadinejad / AP

     

BY: Adam Kredo
July 12, 2012 12:29 pm

Turkey has exchanged nearly 60 tons of gold for several million tons of Iranian crude oil, despite its promises to uphold Western sanctions on Iran’s energy sector, according to recent Turkish reports.

By using gold instead of money, Turkey is able to skirt Western sanctions on Iran’s oil trade, particularly those pertaining to SWIFT, the global money transfer service that until recently assisted the Central Bank of Iran and other Iranian financial institutions.

Over the past several months, Turkey has given Iran 60 tons of gold, or more than $3 billion, according to a July 8 report on the Turkish news site Vatan Online. The report was translated by the Open Source Center, a translation service used by the CIA.

The exchanges raise questions about the Obama administration’s decision to grant Turkey a temporary waiver exempting it from U.S. sanctions to Iran, according to foreign policy experts and those on Capitol Hill who speculated that the revelation could spur Congress to pass a new round of Iran sanctions to prevent such trades.

“The idea that Turkey needs a waiver for more time to disconnect itself from the Iran oil trade is ludicrous,” said Michael Rubin, a former Pentagon adviser on Iran and Iraq. “Turkey is playing Obama for a fool.”

“Like a loose school girl, Obama may think he can become popular by giving away the goods to whomever tells him he is the apple of their eye,” said Rubin, a resident scholar at the American Enterprise Institute. “Obama doesn’t understand that for regional rulers like [Turkish Prime Minister] Erdogan and [Russian President Vladimir] Putin, he has gained not respect, but disdain.”...

The Big Change, pun intended

Article 1, Section 10, Clause 1

No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.

The Constitution came hard upon the use, and failure, of paper money during the Articles of Confederation. 

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Utah became the first state to introduce its own alternative currency when Governor Gary Herbert signed a bill into law last March that recognized gold and silver coins issued by the U.S. Mint as an acceptable form of payment. Under the law, the coins -- which include American Gold and Silver Eagles -- are treated the same as U.S. dollars for tax purposes, eliminating capital gains taxes.

Since the face value of some U.S.-minted gold and silver coins -- like the one-ounce, $50 American Gold Eagle coin -- is so much less than the metal value (one ounce of gold is now worth more than $1,700), the new law allows the coins to be exchanged at their market value, based on weight and fineness.

"A Utah citizen, for example, could contract with another to sell his car for 10 one-ounce gold coins (approximately $17,000), or an independent contractor could arrange to be compensated in gold coins," said Rich Danker, a project director at the American Principles Project, a conservative public policy group in Washington, D.C.

Similar laws coming:  South Carolina, Washington, Minnesota, Iowa, Georgia, Idaho, and Indiana.

Take note of this for this is the most profound change in the United States' economic condition since we left the gold standard. What the states are doing is part of the Constitution, so it cannot be shut down until the tyrants denude Article 1 of authority. They forgot to attack this provision and it is the very one that can drive a stake into their hearts.

Ron Paul has been advocating a competing currency to the U. S. dollar as a simple cure for what ails us. None of the other candidates debated the point as they did not understand what he was talking about, at all, but saw he was popular on business talk shows, so it would be wise to shut up.

Think about this from a practical level: would you sell your car for ten ounces of gold or for $17,000. Before you answer, look up the buying value of your dollar and the projections for inflation. The average man will correct what our "leaders' dread - a loss of control and a loss of the ability to create money. One ounce of gold still buys a high end suit, just like in the 1920s.

A private attempt to create a currency, even in harmony with U.S. law and with the approval of the Treasury, ended with an arrest by the FBI, the Presidential Guard.

The reporting of this movement is quiet in D.C., N.Y., Massachusetts, and California because these places thrive on the games inherent in fiat currency.  You have not heard of it, but do not think that is because it is not important.