How the Hell Did Democrats Leave the IRS $20 Billion in the Red?

Democrats forgot to read the fine print on a bill and spoon-fed a huge victory to Republicans who want to kill the IRS.

The Wall Street Journal is reporting that the IRS’s tax enforcement fund, which allowed the IRS to better audit corporations and the wealthiest households, is now $20 billion in the red – leaving the fund’s future up in the air.

In 2022, when Democrats had a trifecta hold over the government, they put $80 billion toward the IRS, which was supposed to help the agency hire, modernize, and enforce through the next decade. Continue reading

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Time is UP!

It’s a common misconception that Benjamin Franklin first proposed daylight saving time. He did recommend that people rise early to be healthy, wealthy, and wise. He knew it was biologically natural for humans to wake up when the sun rises and sleep when it sets.

President Woodrow Wilson officially signed daylight saving time in to law in 1918, which was another bad decision on his part. (He also got us into WWI and helped create the Federal Reserve). Continue reading

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America’s Middle Class In 2024: Aging Vehicles, $300 Carts Of Groceries, and Mountains of Credit Card Debt

Have things been getting better for the middle class, or have things been getting worse? Needless to say, the answer to that question is obvious. The cost of living is absolutely crushing us, we can’t afford to replace our rapidly aging vehicles, debt levels are exploding, and the proportion of the country that is living paycheck to paycheck has been steadily rising. Our economy is a mess, and America’s middle class is getting smaller and smaller. Sometimes I feel like I am watching a very tragic version of musical chairs. If you are still holding on to your chair, you should be very thankful, because more people are slipping out of the middle class and into poverty with each passing day.

If you are old enough, you can still remember a time when many middle class families would purchase a new vehicle every few years. Continue reading

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The Looming Debt Crisis: Is America Following the Path of Collapsed Empires?

Debt can topple even the most powerful empires.

Whether it’s Rome, Spain, France, Britain, or the Soviet Union, excessive debt has played a critical role in their decline.

The typical pattern in these examples of collapsing empires is: Continue reading

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Are You Unknowingly on a Suicide Mission? Chasing the Wild Goose

“We’re a creature of Congress, we’re not in the Constitution.” ~ Fed Chair Jerome Powell, December 4, 2024

The transfer of wealth from workers and savers to the government and the big banks rolled on this week with Swiss-like precision. The process is both mechanical and subtle. Here in the USA the automated elegance of this ongoing operation receives little attention.

NFL football. Holiday BOGO offers. Trump’s cabinet picks. Hunter Biden’s pardon by the big guy. You name it. Bread and circuses like these – and many others – offer the American populace countless opportunities for chasing the wild goose. Continue reading

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The ‘Great Gold Rally’ Could Continue Through 2025

Falling interest rates and consistent central bank demand could sustain gold’s rally through 2025, according to Lina Thomas, commodities strategist at Goldman Sachs Research.

“Since 2022, gold prices have surged 40% even as US interest rates were climbing,” Thomas said in an update published Monday. “That is very strange. Typically, higher interest rates make gold less attractive – because gold doesn’t pay any interest, unlike bonds.” Continue reading

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Even After 30% Rally ~ Silver Looks Cheap in 2025

Silver prices have managed to hold critical support above $30 an ounce and are currently trading above $31. However, one market analyst notes that the precious metal continues to underperform gold –  at least for now. Continue reading

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The Shaft ~ December 3, 2024 Where Does OUR Money GO???

US Will Send Ukraine $725 Million More in Counter-Drone Systems, Anti-Personnel Land Mines
The U.S. is preparing to send Ukraine an additional $725 million in military assistance, including counter-drone systems and munitions for its High Mobility Artillery Rocket System, which could indicate more of the longer-range missiles are headed to the battlefield.

Why isn’t that money going to the American people? What is it with Biden wanting to send his damn people all this money. We have people sleeping on the streets or veterans are American citizens and he doesn’t give a rat’s ass about it. January 20th cannot get here fast enough for me. This man needs to go… (Continue to full article)

US National Debt Goes Over $36 Trillion, +$2 Trillion in 2024!!
Today, the US national debt jumped by another $61 billion and thereby made it over the $36-trillion mark, to $36.03 trillion, only four months after it had made it over the $35-trillion mark (July 26), and 11 months after it had made if over the $34-trillion mark (December 29), according to data from the Treasury Department today. Trillions are flying by so fast they’re hard to see.

So far this year, the national debt has ballooned by $2 trillion, despite GDP growth that has been well above the 15-year average. That’s the astounding thing, that the government has been racking up these huge debts despite the strongly growing economy. No one wants to even imagine how this debt would balloon if there’s ever a recession with falling tax receipts and surging outlays. It’s just nuts to have this during the good times (flat spots = Congressional debt-ceiling charades)

Of that $36.03 trillion in Treasury securities, $28.69 trillion are “held by the public” in accounts in the US and around the world, in brokerage accounts, by banks, by insurance companies, at financial centers, by central banks, by the Fed, etc…. (Continue to full article)

How to Cut $2 Trillion of Fat from the Federal Budget
A goal of $2 trillion of budget savings is crucial to the very future of Constitutional democracy and capitalist prosperity in America. In fact, the soaring public debt is now so out of control that the Federal budget threatens to become a self-fueling financial doomsday machine. So more power to the DOGE of Musk and Ramaswamy. In spades!

For want of doubt, just recall this sequence. When Ronald Reagan was elected in 1980 on a call to bring the nation’s inflationary budget under control, the public debt was $1 trillion.

By the time Donald Trump was elected the first time it had erupted to $20 trillion, which has now become $36 trillion. And under current built-in spending and tax policies it will hit $60 trillion by the end of the current 10-year budget window… (Continue to full article)

We Really Are Living In The End Times, And 2025 Is Going To Be A Nightmare
Many people seem to have a fundamental misunderstanding regarding where we are in the grand scheme of things. We are not living at a time of endless peace and prosperity. Instead, we are living at a time of war, famine, pestilence and major natural disasters. We really are living in the end times, and the coming year is going to be filled with crisis after crisis.

The good news is that you get to be here for it. All of human history has been building up to this particular chapter, and you are one of the lucky ones that is going to get to experience it… (Continue to full article)

Every 2-3 Months, DHS Sends $600M in U.S. Taxpayer Cash to NGO Funding Illegal Migrant Invasion of America
More than half a billion dollars in U.S. taxpayer cash is shipped off to America’s illegal migrants every two-to-three months via a convoluted scheme involving non-governmental organizations (NGOs), the corrupt Joe Biden regime, and other powerful deep state players.

In fiscal year 2023, more than $780 million was awarded to organizations and municipalities to help manage the influx of migrants. This includes previous allocations such as $259.13 million distributed earlier in the year. Therefore, when considering the frequency and total amounts, it is plausible that funding could approach or exceed $600 million within a short timeframe if multiple grants are considered.

Did you know that the U.S. and the UN are together funding the illegal migrant invasion of America using cash in envelopes?… (Continue to full article)

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32¢ on the Dollar and Getting Screwed Faaaaaast!

Originally published on the Federal Observer, April 21, 2009. Maybe it’s coming ’round again. ~ J.B.

You spend your entire adult life living life the right way. You buy a car on ‘time’, you pay your debt. You get retail store credit cards, such as JC Penney, Sears, Best Buy, etc. – You pay your bills on time or before they are due.

You purchase your first home in 1972, another in the Spring of ’76, sell it and buy another in the Fall of the same year. In ’79 your daughter is born, you pay the bill to the hospital because you have no insurance and you buy another house, and then another in ’80 and ’85, move to the Valley of the Scum in 1990 and buy another house, and another in 2003, sell it in 21 months and make a killing, and buy another in 2005. Continue reading

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Gold Is About Understanding the Events That Got Us Here and How They Will Unfold

“BEWARE of a broker with a silver tongue!” ~ Jeffrey Bennett, Publisher

November 9, 2009 ~ Brokers and traders will show you, “turn your gold into wealth”, “put it to productive use, Trade It”! “Sell your gold and buy it again, many times”. “Do this and find the value lost from your youth”!

But I say, spend your time in the company of truly wealthy ones, see how they make gold lie very still! Know this now, the world will again, in your time, feel value in gold as never before. And that value will be as the “productive use of holding wealth thru the fire of change”. “Yes, you can also walk in the footsteps of giants”. Continue reading

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