Saturday, September 17, 2016


The Alarming October 1st Event that Could Kill the US Dollar

October 1st may prove to be the beginning of the end for the U.S. dollar.  On October 1, the IMF will officially add China’s currency – the Yuan – into the IMF’s foreign exchange basket.  According to Reuters, this move paves the way for the IMF to place the yuan on a par with the U.S. dollar.  This is the latest in a series of global developments that threatens to eliminate the U.S. dollar as the world’s reserve currency.  Experts predict this event will trigger one of the most profound transfers of wealth in our lifetime.  So if you want to protect your savings & retirement, you better get your money out of U.S. dollar investments and into the one asset class that rises as currencies collapse.


The IMF Holds Supreme Power

The International Monetary Fund, or IMF, is one of the most secretive and powerful organizations in the world.  They monitor the financial health of more than 185 countries. They establish global money rules and provide “bail-out” assistance to bankrupt nations.  Some are warning that any move by the IMF to supplant the U.S. dollar could be catastrophic to American investments.

And now, the IMF has made the first move.  As first reported by The Wall Street Journal, the IMF will officially add China’s currency – the Yuan – into the IMF’s foreign exchange basket on October 1.  This marks the first time in history the IMF has expanded the number of currencies in the foreign exchange basket.  This means that the Chinese currency will now become a viable global alternative to the U.S. dollar.
The Greediest People in America Are Liberal DemocratsThe perfect place to start a column like this is with that notorious Elizabeth Warren quote that made liberals fall in love with her.

“There is nobody in this country who got rich on their own. Nobody. You built a factory out there - good for you. But I want to be clear. You moved your goods to market on roads the rest of us paid for. You hired workers the rest of us paid to educate. You were safe in your factory because of police forces and fire forces that the rest of us paid for. You didn't have to worry that marauding bands would come and seize everything at your factory... Now look. You built a factory and it turned into something terrific or a great idea - God bless! Keep a hunk of it. But part of the underlying social contract is you take a hunk of that and pay forward for the next kid who comes along.”

Have you ever noticed how many straw men and false assumptions there are in those few short sentences?

For one thing, since roughly 45% of Americans pay no income taxes at all, “the rest of us” didn’t pay for roads, education, police forces or a military. Of course, that doesn’t even tell the whole story because 60% of American households receive more from the government than they pay in taxes. In other words, if you pay more in taxes than you receive from the government, you are a MINORITY in America today.

Tax Cuts, King Dollar & GrowthFifty-four years ago, at the Economic Club of New York, President John F. Kennedy unveiled a dramatic tax-cut plan to revive the long-stagnant U.S. economy. He proposed lowering marginal tax rates for all taxpayers and reducing the corporate tax. He advised lowering the top tax rate from 91 to 65 percent and closing tax loopholes. Five times during the speech he used the word “incentives.”

In perhaps the most famous line from that path-breaking speech, he said: “In short, it is a paradoxical truth that tax rates are too high today and tax revenues too low, and the soundest way to raise revenues in the long run is to cut rates now.”

Kennedy had already in 1962 lowered investment taxes on business. And after his tragic assassination, his broader tax proposals were passed into law in early 1964. And they worked. The U.S. economy grew by roughly 5 percent yearly for nearly eight years.

Almost 20 years later, Ronald Reagan launched a 30 percent tax-rate reduction to save the economy from the high-unemployment, high-inflation 1970s. Reagan acknowledged many times that he was following in Kennedy’s footsteps. Under the Gipper, tax rates were slashed from 70 percent to 28 percent, corporate taxes were cut, and numerous loopholes were closed.

Video: American troops forced to flee from US-backed Syrian jihadis screaming “Allahu akbar” and “Death to America”
By Robert Spencer / Jihad Watch


Video: American troops forced to flee from US-backed Syrian jihadis screaming “Allahu akbar” and “Death to America”
The Free Syrian Army, according to the Obama administration, is made up of “vetted moderates.” Here are his “vetted moderates” screaming “Allahu akbar,” “Death to America,” “Christians and Americans have no place among us. They want to wage a crusader war to occupy Syria” and “The collaborators of America are dogs and pigs. They wage […]
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DHS Hiding Real Illegal Numbers to Help Hillary Win: Fox Source

Pamela Geller / Atlas Shrugs
OK, this may not be especially surprising – but it is damning, and it does underscore the dishonesty of the Obama administration (which is why, to circle back to Point No. One, it’s not especially surprising).

But get this, paraphrased from Fox News:
The Department of Homeland Security has been purposely sitting on illegal immigration numbers that show more than admitted by this administration have been sneaking across the borders. And, at the same time, the administration has been broadcasting loudly to all within earshot: Look how many illegals we’ve rounded up in recent months.
The significance of the deception is huge, given it’s immigration that’s driving this presidential race – and it’s border...