April 16, 2015: The Mine or the Shaft ~ Where Does Our Money GO???

NPR and PBS Don’t Deserve Taxpayer Funding
President Donald Trump requested that Congress defund NPR and PBS. Taxpayer relief from the burden of having to fund two liberal media outlets that disdain half the country is overdue.

Trump’s requests were sent to Congress alongside an ask to strip funds from the State Department and programs such as the U.S. Agency for International Development. Among these things, NPR and PBS have the fewest redeeming qualities. They serve as contributors to the liberal media ecosystem that prioritizes Democratic Party narratives and toxic partisanship over factual coverage.

NPR and PBS are free to be as biased as every other mainstream liberal outlet on someone else’s dime. Both have proven they are incapable of being anything close to “neutral,” and Republicans should cut them off from taxpayer funding once and for all… (Continue to full article)

Trump to Sign Memo Combating Social Security Fraud
President Donald Trump will sign a memorandum aimed at cracking down on Social Security fraud, with the White House emphasizing its efforts to prevent illegal immigrants from incorrectly receiving benefits.

“The memorandum will direct the [Trump] administration to ensure that ineligible aliens are not receiving funds from Social Security Act programs,” White House press secretary Karoline Leavitt said while announcing the memorandum Tuesday.

Immigrants are unable to receive Social Security if they are in the country illegally, but Trump and his advisers, including X owner Elon Musk, have amplified claims that millions are being placed into the program… .. (Continue to full article)

Extending Tax Cuts and Reforming the System
Before there can be any meaningful tax reform, a taxpayer nonprofit says Congress must extend 2017 tax cuts.

Today is the deadline for many Americans to render unto Caesar. As checks are mailed and accounts are drafted, many wonder what the president can do to ease the nation’s tax burden.

Some of Trump’s proposals include exempting Social Security benefits, overtime pay, and tips from income tax while also creating an itemized deduction for auto loan interest. But as lawmakers continue considering budget reconciliation legislation, the ball is in their court… (Continue to full article)

IRS Leadership Has History of Bankrolling Democrats, Supporting Left-Wing Movements
The majority of the IRS’s leaders have contributed to Democratic politicians or promoted left-wing ideas on their personal social media pages, according to a recent memo sent to Treasury Secretary Scott Bessent and obtained exclusively by the Washington Examiner.

The memo, drafted by the American Accountability Foundation, found that 60% of people occupying leadership positions in the IRS’s commissioner and deputy commissioner’s office have financially or verbally supported liberal causes. It also found that not a single person in such a role was a registered Republican, gave money to Republican candidates, or posted conservative messaging on social media.

Trump has aggressively downsized the tax collection agency in an effort to automate many of its functions and to use its vast stores of taxpayer information in service of his policy goals, most notably immigration enforcement.

Opposition to the president’s agenda goes all the way to the top… (Continue to full article)

DOGE Matador – Oh, Why Not?

DOGE Takes Over Key Website That Handles Distribution of $500bn in Federal Grants
Elon Musk’s Department of Government Efficiency program has reportedly embedded itself within a key federal website handling over $500 billion in annual grant funding for agencies across the government.

DOGE will reportedly review and approve opportunities on grants.gov, which posts thousands of notices of grant opportunities each year from agencies such as the Departments of State, Interior and Defense, four unnamed sources close to the effort told The Washington Post.

A DOGE engineer has already removed federal officials’ permissions to post such opportunities without notifying the staffers, according to the sources, further entrenching the DOGE program’s influence on federal spending… (Continue to full article)

Lawmakers Reveal Whether Americans Should Pick Up the Medicaid Tab for Illegal Immigrants
California has a $6.2 billion budget deficit for Medicaid services, and Democratic Gov. Gavin Newsom’s latest budget proposal projects the state will spend a staggering $8.4 billion to cover Medi-Cal, the state’s version of Medicaid, for illegal immigrants in 2024-2025.

Two new reports by the Bureau of Economic Analysis found the U.S. economy has become increasingly reliant on government handouts. Entitlements are growing faster than tax receipts and wages. Private wages grew by $67 billion in early 2025, while government payments to recipients surged by $162 billion… (Continue to full article)

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$4,000 Gold Price Is Coming as Risk Assets Crack

“Gold, Mr. Bond.”

Gold’s rally past $3,200 an ounce may only be the beginning of a much larger move, potentially toward $4,000, as traditional safe havens fracture, Bitcoin falters, and the U.S. stock market teeters at historically extreme valuations. That’s the view of Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, who told Kitco News in a wide-ranging interview that we are witnessing “the beginning of a bear market in the U.S. stock market” and a paradigm shift that favors precious metals.

“We’re putting in a pretty good base now around $3,000. It’s going to head into $4,000, the question is time. Anything in between there is for the traders, which I used to do.” Continue reading

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Goldman Raises Year-End Gold Forecast to $3,700/oz

Goldman Sachs has increased its year-end gold forecast to $3,700 per troy ounce (toz), citing stronger-than-expected central bank demand and heightened recession risks impacting ETF inflows.

The investment bank, whose previous year-end forecast was $3,300, said it expected central bank demand to average 80 tonnes per month, up from its previous assumption of 70 tons and well above the pre-2022 baseline of 17 tons per month. Continue reading

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State Auditor Finds $400 Million in Government WASTE!

Mississippi officials have calculated there are hundreds of millions of dollars’ worth of government waste.

According to Fox News, state auditor Shad White is set to release a compilation of findings from his office that shows a collective $400 million in wasted funds. Continue reading

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Smith: End of the Line

February 9, 2019 ~ The economy has surpassed all normal ebbs and flows, corrections, by approximately five years, since on average in each past cycle it rose for 56 months before collapsing. We’re about four and a half years past that point and our economy is only now “cooling”. We’re just about due for another economic recession, if not a collapse that makes 2008 look small. We’re at the end of the line. ~ Justin O Smith

The U.S. spends almost a third of its revenue on interest payments alone, it doesn’t seem like it can afford to pay much more.

The national debt, ever on the rise, currently sits at around $22 trillion. Continue reading

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Devaluing the US Dollar: How to Make America Poorer Again

In recent days, we have read numerous articles about a possible agreement between the US administration and its main trading partners to devalue the US dollar. It has been named “The Mar-A-Lago Accord”, a concept inspired by the Plaza Accord of 1985, which aimed to devalue the US dollar to address trade imbalances. That plan failed. Continue reading

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100 Years Old And Still Killing Us: America Was Much Better Off Before The Income Tax

Goin’ down???

April 14, 2013 ~ Did you know that the greatest period of economic growth in American history was during a time when there was absolutely no federal income tax? Between the end of the Civil War and 1913, there was an explosion of economic activity in the United States unlike anything ever seen before or since. Unfortunately, a federal income tax was instituted in 1913, and this year it turned 100 years old. But there was no fanfare, was there? There was no celebration because the federal income tax is universally hated. Sadly, most Americans just assume that there is no other option to an income tax. Most Americans just assume that it has always been with us and that it will always be with us. Continue reading

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Smith: America’s Beating Economic Heart and Trade Tariffs!

“My fellow Americans, this is Liberation Day. April 2, 2025, will forever be remembered as the day American industry was reborn, the day America’s destiny was reclaimed, and the day that we began to Make America Wealthy Again.” ~ President Donald J. Trump

Times are still tough as we knew they would be. Trump and his people can’t turn the economy around all in one fell swoop in only a matter of a couple of months, but he’s off to a pretty darn good start, especially in regard to his energy policy and his new broad sweep tariffs in a take-no-prisoners fashion. Continue reading

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U menya yest’ dlya tebya podarok!…

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Two Cows…

All that you are about to read is Satire – or is it? It does a smashing job of properly describing the Global Economy. All has been stolen from a variety of web-postings. ~ Ed.

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