Cardiovascular Health May Predict Future Cognitive Ability

Cardiovascular Health May Predict Future Cognitive AbilityIndividuals at risk for stroke also appear to have an increased chance of developing age-related cognitive decline, according to researchers from the University of California.

The team of scientists examined the health of 73 older individuals who had not experienced a stroke or signs of cognitive impairment. While analyzing the data of the participants over a 10-year period, a correlation between physical and mental health was discovered.

"The findings reveal that if you control for age, education and gender, participants with higher risk for stroke perform significantly more poorly in verbal fluency and inhibition, even when controlling for a history of stroke and dementia," said the lead author of the study, Jonathan Gooblar.

As the country grapples with a growing prevalence of Alzheimer's disease and a lack of a cure for the disorder, the findings may provide hope that controlling cardiovascular risks may help stave off dementia.

The Centers for Disease Control and Prevention recommends a balanced diet and physical exercise as well as avoiding smoking and excess alcohol consumption for a healthy heart.  

Incredible Shrinking Government Cuts

The devil is in the details, and as the much ballyhooed budget deal reached by House Weeper John Boehner and President Barack Obama is dissected, an evil, despicable lie is revealed: Those “amazing” promised cuts are non-existent.

A report from the Congressional Budget Office indicates the $38 billion Congress supposedly cut from the budget in a deal reached April 8 after days of brinkmanship isn’t really $38 billion. It’s actually less than one-tenth of that: $352 million.

Not that $38 billion was a cut in the first place. It paled in comparison to the paltry $100 billion promised by Republicans trolling for votes last November, which paled next to a $1.5 trillion budget and a so-called $15 trillion debt.

Weeper Boehner and Congressional Republicans (outside of those with the surname Paul) have no intention of cutting government in any significant way. They can’t even cut it back to the previously unbelievable Bush-era numbers. They only favor cutting when shilling for your vote.

The elected elites work for government and, left to their own devices and unburdened from fear of being kicked out of office, they have no intention of cutting. What they do want to do, however, is to raise taxes.

Obama wants to raise taxes on the “rich.” To Obama, the rich is anyone drawing a paycheck. And some in Congress are talking about a Federal tax on Internet transactions.

In other words, the American middle class is the turnip and government is ready to give them another squeeze.

But we don’t have a revenue problem in America. We have a spending problem. And we have only two members of Congress who really understand that. Ron Paul and Rand Paul.

Oh, there are some Congressional Republicans—those elected under the Tea Party banner—who voted against the deal. But I doubt they really understand the depth of the spending problem.

After all, none of them are advocating cutting military spending, which consumed almost $1 trillion in 2009, according to economist Robert Higgs as quoted in Thomas E. Wood Jr.’s book, Rollback.

We also have a tax problem, but not the one that some of the elites would have you believe. Those that are advocating a tax increase on individuals want you to think the problem is that the rich aren’t taxed enough and if we just took some of their earnings, everything would be fine.

But if all the taxable income of everyone earning more than $100,000 was taxed at 100 percent, the earnings would not cover the spending in Obama’s budget plan.

The top 12 multinational corporations? Now that’s another story. But no one is talking about taxing them, despite the fact that they don’t pay taxes and, in some cases, get tax refunds in the billions.

According to a report on Alternet.org, General Electric has paid no taxes since 2006 despite earning $26 billion since then. In fact, in 2006 GE received a tax refund of $4.1 billion. Last year, Bank of America made $4.4 billion and received a refund of $1.9 billion. Other tax avoiders include Verizon, ExxonMobil, Chevron, ConocoPhillips, Valero, Boeing, FedEx, Carnival Cruise Lines, Citi and Goldman Sachs.

These companies used a tax haven given to corporations that do business overseas—but not available to companies doing business solely in the United States—to reduce their tax liability. How did this happen? They spent billions of dollars lobbying the elected elites to gouge out loopholes in the tax laws.

In fact, according to the Alternet.org report, 83 of the 100 largest publicly traded U.S. corporations use these tax havens to reduce their tax liability. So not only is Congress encouraging corporations to move their jobs overseas, it is penalizing companies that choose to remain in the U.S. to do business. And penalizing American workers.

And we wonder why our jobs are going overseas?

But I’ve told you before that taxes are not designed to raise revenue for the government. Income taxes have three purposes: To control and redistribute the volume of money, to direct the behavior of people and corporations and to keep a dossier on all citizens.

“But what about the debt?” you might ask. To which I would reply, “What debt?”

There is none. If the Federal government can print money to infinity, how can there be debt? That word is doublespeak designed to keep you enslaved to the elites and moneychangers.

Think about it. If you had a machine that could crank out legal tender in whatever amount needed to pay off your debts, would you have any debt? Of course not.

And neither does the U.S. government. It is the biggest Ponzi scheme in the history of the world. Yet it’s Bernie Madoff who sits in jail.

So if you’ve put off filing you income tax until today, as you seal that envelope and put it into the mailbox, remember this: The devil is in the details.

And of course, Satan is the father of lies.

Arizona Legislature Passes ‘Birther Bill’

Arizona legislature passes 'birther bill'Arizona lawmakers have approved a bill that would require Presidential candidates to prove they are natural born citizens of the United States before their names are placed on state ballots.

The legislation, which has been nicknamed the "birther bill," was passed by a 40 to 16 vote in the State House of Representatives on April 14. It needs to be signed by Republican Governor Jan Brewer before it becomes a law.

State Representative Carl Seel (R-Phoenix), the bill's sponsor, has repeatedly said that the measure is not targeted at President Barack Obama. However, the questions surrounding Obama's citizenship status have created a "birther" movement across the U.S., which includes Donald Trump, a potential GOP Presidential candidate and reality TV star.

"It's not about that," said Seel, quoted by CNN. "It's about future elections and maintaining the integrity of the Constitution."

In a recent interview with ABC News, Obama claimed that the "birther" argument will only serve to help his own cause in a general election. He added that an individual who harps on the citizenship issues "doesn't have any horns," or political substance.

Preparing For Hard Times Is A Way Of Life I Call Provident Living

I have been chosen by a film company to try out for a documentary on “prepping.” If I am chosen, a film crew will come to my house and film me in all aspects of my daily life.

I don’t feel like a prepper, I just live providently. When I refer to myself, I am also referring to my husband Scott and my children and most of my friends and relatives. It seems that everyone I know lives like this to some degree. I told my husband about it and he asked me, what is prepping? It seems it is a new buzzword for preparing for disasters or hard economic times. We are so used to our way of life that it is normal to us. We don’t consider ourselves preppers.

We have our yearly routine that we do to maintain a level of preparedness at all times. Because I am in the middle of filming the preliminary clips, I have been seriously thinking about how we live and how I could share this way of life with others who are just getting started and want to be more self-sufficient. I am going to list all the things that my family is doing to be prepared.

1. We Are Getting Out Of Debt And Staying Out Of Debt
The most important thing we are doing is getting out of debt and staying out. After all the research I have done on banks and the interest they charge, I realized that my money market account and my savings were never going to increase at the same rate as the interest the bank was taking out for my loans. I realized also that I need to be borrowing from myself instead of the bank, then I can pay myself back and I earn the interest. I am money ahead that way.

So I cashed out my money market certificates and my savings and I paid the highest interest-bearing debts first: Our credit cards, vehicle loans, a loan on a ring my husband and I bought and a flat screen TV that we purchased.

I paid off my mother’s house because she is getting older and making the payment every month is very hard for her. I could have used this money for my own debt, but I had a strong feeling that my mom’s house was more important and she needed to be out from under that pressure.

I came to the conclusion that I had my savings money in the bank and I also had my loan at the same bank. The bank was taking my savings and loaning it back to me and then charging me large amounts of interest. All of a sudden it dawned on me that this was not smart. So I used my savings and paid the high interest bearing loans first, and now I am making the same payments only to myself and I keep the interest for myself. That is how I can get ahead.

The way we started getting out of debt was by listing all monthly expenses and debts on a ledger. We concentrated on the smallest and highest interest bearing debts first. When we got the first debt paid, we took the money from the first one and added it to the second one.

For example, the first one was $100 and the second one was $200. When we paid off the first one, we began paying $300 to the second one each month until that one was paid in full. Then added the $300 to the third debt until it was paid off. We were still paying the same amount each month, but we were compounding the payments to get them paid off sooner.

Most people would say, “Good, I have an extra $300 this month,” and then go spend it or get into more debt. This plan takes discipline but can be done.

I must say that if you are on a fixed income or have no income, it is very difficult to get out of debt. That is why it is called the “Rat Race.” You spin your wheels and go nowhere.

You may have to sell some of your assets to accomplish this goal. I have put some recreational land that we own up for sale. If it sells, I will finish paying off our final debts.

My husband and I made a pact with each other that we would not use our credit cards for any purchase unless it is a debit and we have the extra money saved up for that purchase. We plan ahead and never get in trouble with credit card debt.

Our home is paid for and we are not a slave to a mortgage company. It feels so good to be debt free on our home and know that we won’t be kicked out if times get tough and we get into financial trouble.

We also save up the property tax money each month so that in November when property taxes are due we have the money and it is not a burden on us.

We have a three-month supply of cash on hand (not in the bank) to pay bills just in case the banks shut down or have no funds. It is good to have small bills and coins for smaller purchases. Saving enough money for emergency bill paying takes time. We are frugal and try to save money wherever we can. We pay cash for vehicles and other purchases. If we don’t have the money, we don’t buy it. 

2. We Grow A Garden Every Year
We are avid gardeners. Every spring we grow a garden.

My husband grew up on a farm and learned to milk cows at an early age. He would get up by 6 a.m., do his chores, milk the cows and then go to school.

His father was an onion farmer. They also grew corn to sell at the farmers market so the children could have money for school clothes.

We grow a lot more food than we need. However, I have tried to scale down and it hasn’t worked as well, so we give a large amount of food away to our family and friends. We like to grow plants from non-hybrid seeds so we can save them from year to year and have a never-ending supply.

3. I Bottle And Dry Excess Fruits And Vegetables
During harvest time I bottle or put up fruits and vegetables. I make things like salsa, pickles, beats, broccoli, squash, soups, peaches and pears. We enjoy eating the food we grow all year.

I also like to dehydrate the excess produce that we have in our garden. I keep a dehydrator going all the time during harvest time.

I make sun-dried tomatoes, zucchini chips, dried onions, and dried fruit slices such as peaches and pears, raisins, plums and apples. I make fruit leather with a mixture of fruits blended into a puree. I have an herb garden that we use to grow fresh herbs for cooking. I dehydrate them to make herbal seasonings.

4. We Have A Year-Round Greenhouse
We have a year-round greenhouse that we start all our seedlings in and grow food in year round. It contains an 800-gallon water tank that helps keep the greenhouse from freezing or overheating. We have fish in the tank all year. If necessary we could grow fish to eat.

We love our greenhouse.

5. We Raise Chickens And Other Animals
We live in the city limits of a small rural community. The entire town is only one mile long, and the population is 2,500. We are allowed to have farm animals on our property.

Many of my neighbors raise horses, cattle, chickens, rabbits, pigs and goats. People raise animals for meat as well. The county fair is full of them waiting to be sold to the lucky bidder.

We purchase meat from the local ranchers in the area. My husband and I have chickens. We collect the eggs every morning and eat them fresh for breakfast. My husband believes that he is healthier because of the free-range fresh eggs he eats.

6. We Store A Year’s Supply Of Food
Because of the religious beliefs of our church and community, most people in my community and in the state of Utah store enough garden seeds, food, water, clothing, bedding, fuel, wood, emergency supplies and camping gear to be prepared for an emergency of some sort.

I am the queen of food storage. I have enough to supply an army. I keep it in different locations for security reasons.

I stockpile a lot of easy-to-make meals that can be cooked by adding water and bringing to a boil. These include things such as soup mixes and premade meals. I also store bulk foods like rice, dried fruits vegetables, wheat, powdered milk, beans, honey, bread baking supplies and all the necessary ingredients to make soup and bread.

7. We Have A Root Cellar
Our root cellar is a cement room similar to a basement, only smaller. It is about 10 feet deep and has a stairway leading to the room.

We keep all our winter vegetables in that root cellar: Carrots, onions, potatoes, squash and apples all store well throughout the winter. There is a building on top of the root cellar in which we keep buckets of dehydrated food.

8. We Have A Wood-Burning Stove In Our Home
A wood-burning stove is a necessity if the power goes off. You need enough coal and wood to build a fire in the stove to heat your home and stay warm.

The top of the wood burning stove is flat so you can boil water in a pot or even cook simple foods on the top of the stove. These stoves will heat entire rooms. If your power goes off in the middle of the winter, you can shut the doors to rooms that are not being used and just heat the part of the house that is absolutely necessary.

We built an outdoor fireplace that we could use to cook in if we had to. It is on our patio and it is nice to just relax by the fire on chilly nights. We also have a barbeque grill that uses propane. We store extra bottles of propane so we could use it if needed.

9. We Have Camping And Evacuation Equipment
We have a special shed on our property in which we keep all our camping, hiking, snowshoeing equipment. We have plastic totes full of Mountain House foods and eFoods pre-made meals. We keep tents, sleeping bags, cots, warm clothing (gloves, wool socks, pants and hats), extra bedding, wool blankets, kerosene lamps, Dutch ovens and a Sun oven.

We have guns and ammo also. We live near the mountains and if we needed to hunt for wild game, we could. We have alternative heating and lighting sources as well. We keep our 72-hour packs in this shed along with our portable water filters. We keep cans of extra gasoline in case we need to take off somewhere. It is a good idea to keep the vehicles full of gas at all times.

10. We Have An Outhouse On Our Property
Our house sits on about a half-acre plot of land. My husband fixed up an old outhouse that was on the property when we moved here 25 years ago. The outhouse has a door on it for privacy. It has a hole dug in the ground about four or five feet deep and has a wooden box built on top of the hole.

The wooden box has a hole in the top with a toilet seat secured over the hole. We use an enzyme and bacteria product called Bio Clean to sprinkle into the hole and eliminate human waste and smells. You can purchase Bio Clean from my website www.peggylayton.com.

11. We Have A 250-Gallon Water Tank In Our Shed
Water is the most important item we have. Without water we won’t live long. We keep a 250-gallon tank in the shed where our camping gear is stashed. We have smaller 5-gallon containers to fill from the larger one.

This is a little bit about how we live. I hope it gives you ideas so you and your family can be more self sufficient.

Emergency Food Storage and Survival HandbookIf you are interested in a great source for pre-made meals that can be stored for 15 years and taste great, check out the eFoods Global meals available from my website. I have been testing out these emergency food storage meals which are packaged in Mylar® pouches. These meals serve four people and are ready to just add water and cook. I find them delicious, convenient, and easy. For more information, click here.

To purchase any of my seven books or any of the other preparedness items I sell, go to my website at www.peggylayton.com

–Peggy Layton

Lawmakers Put 2011 Budget In Rear-View Mirror

Lawmakers put 2011 budget in rear-view mirrorIt took six-and-a-half months, but Congress has finally agreed on a budget for fiscal year 2011.

On April 14, the Senate and House passed a bill that, along with other stopgap measures, cuts approximately $39.9 billion from current spending levels. The House voted 260-167 in favor of the legislation, with 59 Republicans and 108 Democrats rejecting the measure. The Senate supported the budget by a 81-19 vote.

House Speaker John Boehner broke from tradition and cast a vote in favor of the budget. It was his first vote as the chamber's foreman.

"The Speaker knows some members are going to take heat for this vote, and he wanted to let them know he was right there with them," Boehner's spokesman, Michael Steel, told The Hill.

Beginning last September, Congress passed seven continuing resolutions to prevent a government shutdown.

It didn't take long for legislators to redirect their attention to the 2012 budget. According to media reports, the House was scheduled to vote on Representative Paul Ryan's (R-Wis.) proposal, which aims to cut more than $5 trillion in government spending over the next decade. If approved, Ryan's budget would revamp entitlement programs Medicare and Medicaid.

On April 13, President Barack Obama outlined his own plan to cut the Federal deficit, which would rely on raising taxes for Americans. 

An Apple A Day May Keep Cholesterol Away

An apple a day may keep cholesterol awayIn a randomized trial of 160 post-menopausal women, it was found that regular consumption of apples lowered unhealthy LDL cholesterol, raised beneficial HDL cholesterol and diminished the presence of inflammatory and damaging compounds, according to Florida State University researchers.

Every day for a year, half of the women ate 75 grams of dried apples and the remainder consumed the same amount of prunes. Their blood was tested at three intervals over the trial period.

The women who ate apples experienced an average 23 percent decrease in LDL cholesterol after six months, and raised beneficial lipids by 4 percent. They also had lower levels of cell-damaging lipid hydroperoxide and inflammatory proteins, compared to the participants who ate prunes.

Moreover, despite the 240 calories that the apples added to the women's daily intake, they saw an average weight loss of 3.3 percent.

"Reducing body weight is an added benefit to daily apple intake," said study author Bahram H. Arjmandi, Ph.D., R.D.

The researchers noted that the pectin and fiber found in apples may help consumers feel satiated.  

Rumors Swirl About Biden Sleeping During Obama Speech

Rumors swirl about Biden sleeping during Obama speechVice President Joe Biden was caught with his eyes closed during President Barack Obama's recent speech about the Federal deficit, which has prompted speculation that Biden may have fallen asleep.

During Obama's address on April 13 at George Washington University, cameras recorded Biden with his eyes closed for several seconds. Eventually, the Vice President opened his eyes and then bowed his head as his boss discussed Medicare.

Former Arkansas Governor Mike Huckabee, a rumored candidate for the GOP Presidential bid, told FOX News that Biden was praying, not sleeping.

"He was praying that nobody will find out just how disingenuous they are about actually cutting the expenses and hoping and praying that the American people don’t catch on to the games that they’re trying to hoist upon us," Huckabee told the media outlet.

According to a poll conducted by The Huffington Post, approximately 64 percent of respondents believe that Biden nodded off during Obama's speech, compared to only 36 percent who said that he was "deep in thought."

This wasn't the first time that a high-ranking White House official appeared to fall asleep during an Obama address. At an April 2009 meeting in which the President discussed the nation's credit card system, National Economic Council Chairman Lawrence Summers was pictured with his eyes closed and his head on his hand.

Honey May Be Effective Alternative Medicine For Infection

Honey may be effective alternative medicine for infectionA type of honey from New Zealand has been shown to reduce bacterial infection in wounds and also prevent antibiotic resistance, according to researchers at the University of Wales Institute Cardiff.

Manuka honey is produced by bees that collect nectar from the manuka tree. The sweet stuff is already used in some healing products, and scientists now believe that its antimicrobial properties may even be effective enough to act as alternative or complementary medicine to antibiotics.

"We need innovative and effective ways of controlling wound infections that are unlikely to contribute to increased antimicrobial resistance. We have already demonstrated that manuka honey is not likely to select for honey-resistant bacteria," said lead author Rose Cooper.

The scientists discovered that topical application of the honey helped prevent bacteria from sticking to a wound and also prevented a biofilm that protects the infection from treatment. Additionally, the substance appeared to weaken the superbug bacteria that causes the MSRA infection and is resistant to most antibiotics.

Authors are hopeful that the findings may lead to inexpensive, natural antibiotic therapies.  

Website TrueHealth.org has reported that honey has long been used as a household remedy for wounds, burns and sore throats, as well as a gentle facial cleanser due to its antibacterial properties. 

CBO Figures Cast Doubt On Budget Compromise

CBO figures cast doubt on budget compromiseAs lawmakers prepared to vote on the Federal budget for the remainder of fiscal year 2011, new data from the Congressional Budget Office (CBO) has raised some doubts regarding the bill's immediate impact on the national deficit.

According to an analysis by Politico.com, the proposed $38 billion cuts would reduce direct spending this year by approximately $352 million, compared to the FY2010 rates. This information may irk conservative lawmakers who have already argued that the compromise failed to meet the GOP's campaign pledge to cut $100 billion.

However, the CBO figures take into account an increase in Pentagon appropriations. If non-military spending is cast aside, the rest of the government's budget will be $42 billion less than the level when John Boehner (R-Ohio) became Speaker of the House.

The deal passed in the House Thursday afternoon and was supposed to go before the Senate later in the evening. If a deal was not reached by midnight, the government would shut down.

A total of 28 House Republicans voted against the stopgap bill on April 9 that kept the government funded for an extra week. Representative Tim Huelskamp (R-Kan.) voted against the continuing measure and said he planned to vote against the final package, claiming that the budget is built on "phantom savings," according to FOX News.

Our Lying Media And The Budget Battle

I don’t know when I have ever seen a bigger bunch of lies, distortions and deliberate misstatements by our national media than in the so-called budget debate that’s been taking place in Washington, D.C.

My nominee for the biggest offender is ABC News, which a week ago told the nation that “Republicans in Congress are prepared to shut down our government, and deny pay to our troops fighting overseas, in order to defund Planned Parenthood.”

Got that? Not only are Republicans the evil, nasty culprits responsible for the whole controversy. They will go so far as to deny pay to our soldiers, if necessary.

The only part of this pack of lies that had even a kernel of truth to it concerned the remarks about Planned Parenthood. I’ll get to that in a moment. But first, let me revisit some recent history about the dishonest and irresponsible politicians who created this mess in the first place.

Let me begin by pointing out that what’s at issue here is the budget for the Federal government’s operations for a fiscal year that began last October. In other words, our representatives are still arguing about how much to spend in a year that is already more than half over.

Why didn’t they come up with a budget before the year began? That’s what they’re supposed to do. That’s what the law says they should do. And frankly, that’s when they could have done anything they wanted, without all the current posturing and deceit. They had all the votes they needed to spend any amount they wanted on whatever their redistributionist little hearts desired.

Whose fault is it that the Democrats never came up with a budget back then? Clearly, the blame rests squarely on Barack Obama’s White House, Nancy Pelosi’s House and Harry Reid’s Senate. They had all the votes they needed. Why did they just sit on their hands?

So of course it’s the Republican majority in the House—something that didn’t exist before last November—that’s getting the blame now for the budget imbroglio.

Let me note in passing that even if government had been forced to shut down, every soldier and sailor serving Uncle Sam anywhere in the world would have been paid on time and in full. That’s also part of the law. They are considered “essential personnel” and are exempt from any furlough, even if much of government has to be shut down.

You will be aghast to learn that so are members of Congress and their staffs. Oh, some of them would probably have gone back to their home districts, to show their support for all of the folks being hurt by a shut-down. But you can bet that their paychecks would have continued to have been deposited in their banks when they were due.

Something else you need to know about this whole insane mess: We are talking about peanuts. Let’s look at the numbers for a moment. Currently, the Federal debt amounts to $14.2 trillion. Our masters in Washington have borrowed every penny the law allows. In fact, that’s the reason for the current war of words. If Congress won’t raise the debt ceiling, the government can’t borrow any more money. If it can’t borrow any more money, it can’t pay for all the boondoggles and giveaways that are already law.

The deficit is already scheduled to grow by $1.6 trillion this year. In other words, even if Congress can’t agree on spending one more dollar this year, we taxpayers are already on the hook for our government to fork over $1.6 trillion more than it collects in taxes.

The deficit for February (the shortest month of the year!) was $223 billion. That was the largest single deficit of any month in our country’s history.

Let me put it another way: The same day that Republicans in the House voted to cut spending by $6 billion, our national debt jumped by $72 billion. That’s $72 billion in new deficits, every day of the week, every week of the year.

Here’s an analogy your neighbors might understand. Say a penny represents $1 billion. Right now, our Federal debt equals 15,800 pennies. The pile is growing by 72 pennies every day.

So far, Republican budget cutters have removed 10 pennies. Meanwhile, the Democrats offered to remove 4.5 pennies. That’s it; that’s all the fat they said could be found in the budget. That comes to about one-sixteenth of the number of new pennies they want to borrow each and every day to fund their favorite socialist schemes.

The Democrats’ response to all of this is simple: Call anyone who disagrees with them an extremist. New York’s whacko senator, Charles Schumer, admitted as much. In a conference call with other Senate Democrats, the point man for their messaging told them to “always use [the word] ‘extreme.’ That’s what the caucus instructed me to do the other week. ‘Extreme cuts.’ ‘Extreme and draconian.'”

Immediately after the call, California Senator Barbara Boxer dutifully picked up the theme.

“We Senate Democrats are calling on Speaker Boehner to abandon the extreme right wing of his Republican caucus,” she said. Boxer was followed at the podium by Senator Tom Carper of Delaware, Ben Cardin of Maryland, and Richard Blumenthal of Connecticut. And guess what? Each and every one of them used the word “extreme” or “extremist” when he spoke. Conspiracy? Why, whatever gave you that idea?

The other thing that is essential to understand is that Barack Obama doesn’t care about any of this. All he cares about is getting re-elected next year. Everything he does, every plan and program he promotes, in fact, every word that comes out of his mouth, is carefully calculated to do one thing and only one thing: help him win re-election.

While he pays lip service to how terrible it is to bury our children and our children’s children under a mountain of debt, you must understand he doesn’t mean a word of it. “Good” is what helps him keep his job; “bad” is whatever reduces the chances of that happening.

Oh, about defunding Planned Parenthood. Many Republicans believe it is a sin to take money from taxpayers and use it to kill unborn babies. That is why they want Federal subsidies to Planned Parenthood stopped. Under their proposal, the money that would have gone to this so-called charity would instead go the States, which could then give it to whomever or whatever they wished.

The Democrats, who argue so loudly and long for “free choice” when it comes to aborting babies, are furious at the idea of letting the States have free choice with taxpayers’ money. They’re afraid (quite rightly, I’m sure) that some of those choices would mean no money for their favorite supporters. To which all I have to say is; it’s about time.

Since you can be absolutely certain that this crisis won’t be resolved any time soon, I’ll be returning to this subject again and again in the weeks and months to come. While we can wish it were otherwise, the possibility that our leaders in Washington will require our government to live within its means is zero. With Obama in the White House and the dishonest and despicable Harry Reid controlling the Senate, the best we can hope for is to slow the tsunami of spending by a bucket or two.

Let’s take whatever minor victories we can get today—and plan to win the biggest battles of them all next year.

Until next time, keep some powder dry.

–Chip Wood

Foreign Banks, Ben Franklin, President Carter And Russian Money

*Ben Bernanke’s foreign bank bonanza. Documents from the Federal Reserve confirm that the central bank loaned more than $70 billion to foreign banks during the 2008 financial crisis—including some $26 billion to a bank owned by Moammar Gadhafi’s Central Bank of Libya. The news is sure to spur increased calls for an investigation of the Fed. “The American people are going to be outraged,” said Representative Ron Paul, one of the central bank’s most severe critics. Let’s hope so.

*What would Ben Franklin say? A study last year by the MetLife insurance company found that 47 percent of Americans say they have given money to family members in the past year so they can pay their bills. The author of Poor Richard’s Almanack would probably not agree. One of his favorite aphorisms was “neither a borrower nor a lender be.”

*The older he gets, the dumber he acts. What is it with former President Jimmy Carter? It seems there isn’t an enemy of America that he isn’t willing to embrace. He’s done it with Hugo Chavez, Daniel Ortega and Palestinian terrorists. Now he’s in Cuba, pleading for “better understanding” with Raul and Fidel Castro’s murderous communist tyranny. Please, Mr. President, take your Nobel Peace Prize and go home.

*Where have all the American big-spenders gone? Did you see the news that a mansion in Silicon Valley, Calif., styled after a massive French chateau, just sold for $100 million? Turns out the purchaser was not an American. No, the record for the most expensive single-family home sale in this country is now held by Yuri Milner, a Russian billionaire.

–Chip Wood

Escape Of The Inflationary Cat

Oops! I’m sure that’s the thinking of some of Federal Reserve Chairman Ben Bernanke’s underlings to the CNBC story that United States core producer prices rose slightly faster than expected in March, “pointing to a broadening in the pipeline inflation pressures,” as CNBC framed it.

Oops. The cat’s out of the bag, to coin a phrase. They tried so hard to keep it a secret. How else to explain the fact their indexes for monitoring inflation exclude food and energy, ostensibly because of their volatility.

Of course, only the elites are surprised. Those of us who’ve been buying groceries and filling our cars with gasoline on our way to and from work have been feeling the pinch for some time.

And regular readers of Personal Liberty Digest™ shouldn’t be surprised. After all, I’ve been warning you about inflation for a very long time. It’s an inevitable outcome as Bernanke’s printing presses work around the clock.

Bernanke wanted QE2 to prop up the stock market and give the illusion that wealth was being created… that the economy was okay. He’s propped up the market alright, and his bankster and Wall Street buddies are grateful.

Out here where the cows graze (or the widgets get made or the service is performed, etc.), folks aren’t quite as happy. And trading that gas guzzling SUV for more gas-friendly model—as President Barack Obama so snidely suggested a couple of weeks ago—isn’t an option if you’re already underwater on both your home and that SUV, your job has either been eliminated, your salary cut or hours reduced and that $150 weekly grocery bill has climbed to $175 or more.

Now President Barack Obama and Congressional Republicans are arguing over cutting pennies and promising to do something to help the economy. But a recent Rasmussen poll showed that 45 percent of likely voters fear the government will do too much to help the economy.

Oops, indeed!

Grading On A Curve

Teacher [tee-cher]—noun: one who teaches or instructs, especially as a profession; NOT “supporter of those who murder police officers in cold blood.”

The recent annual convention of the California Federation of Teachers—a cell of the American Federation of Teachers—passed a resolution at their annual convention extolling the virtues of the cop-killer, Mumia Abu-Jamal. Jamal murdered Philadelphia police officer Danny Faulkner back in 1981 and has since become a hero to Democrat Party travelers from George “Owner” Soros to the second grade art teacher at Santa Monica Elementary. (Or whomever.)

One might presume the CFT would spend their time at their latest junket constructing a plan to ensure that their young charges would receive the best academic instruction possible. At the very least, it would be reasonable to think that they’d at least resolve to ensure the kiddies learn that “2+2″ does not = “Senators Boxer and Feinstein.” (Especially considering that Boxer + Feinstein = 0; not 4.)

If only reason played a part in their conduct. While some educational matters were discussed, including continued opposition to charter schools (damned local accountability!); the CFT also made a principled stand on one of the most important issues confronting educators in the Golden State: Cop killers.

Most of Resolution 19, which passed at the 2011 convention, is the usual empty rhetoric and defamatory innuendo the Democrat Party normally substitutes for REASON. Resolution 19 ultimately calls for the release of the “journalist” Abu-Jamal, whom they rather predictably claim is a victim of police coercion and judicial and prosecutorial malfeasance. It even elevates the REPROBATE murderer to the level of political prisoner.

“Whereas, the continued unjust incarceration of Mumia Abu-Jamal represents a threat to the civil rights of all people…”

Although I feel fairly certain that the continued incarceration doesn’t represent a threat to MY civil rights—mostly because I have yet to murder a police officer; I suppose I’m glad to see the CFT is on the case for civil rights; although they must have run out of ink before they expressed any support for the victims of communist oppression in places like Cuba—the CFT resolved at their 2010 conference to support five of Castro’s spies who were caught in Miami.

Oddly, not one word about the ChiComs’ unrelenting harassment of dissidents made it into this year’s CFT agenda. They didn’t make room for the victims of Iran’s violently repressive regime, nor any of the rest of the targets and victims of Islamofascism worldwide (a number which is substantially higher than the number of cop killers currently awaiting execution in Pennsylvania). And evidently, the good professors of California didn’t think it important to proclaim support for the widow and children of Abu-Jamal’s victim, Officer Danny Faulkner.

Frankly, I would expect the CFT to focus on… well… teaching. Californians now rank 49th out of the 50 States in adults who have at least achieved a high school diploma.

The CFT DID pass a resolution (No. 30) decrying “bullying.” However, they specifically noted that they were not talking about the nerdy kid who suffered an atomic wedgie on the way to social studies this morning. No, the CFT is concerned about:

“…aggressive communication, excessively harsh criticism… false accusations, public discrediting, defamation, insults, personal attacks, taunting, hostile glares, yelling, shouting, screaming, terrorizing, threatening behavior or acts… designed to drive the target out of a job;

Screw the brats. They don’t pay union dues. And no matter that the aforementioned language is a spot-on description of the union thug-led violence and hate speech — officially endorsed by the Democrat Party — currently on display in Wisconsin.

American students are falling further and further behind their peers in academic performance. Liberals breathlessly pin the blame on everyone but themselves. Meanwhile, a cell of the second largest “teachers'” union in the country made room in their recent convention for a man who shot a cop in the face at point blank range.

Here’s a suggestion for the CFT: Next time you want more money, consider whether your students can name the victim of Mumia Abu-Jamal’s crime. After all, who’s a better role model for the students in the Golden State — cops, or cop killers?

Gay Advocacy Group Upset About White House Rejection

Gay advocacy group upset about White House rejectionAlthough Congress approved the repeal of "don't ask, don't tell" (DADT) last December, a gay military advocacy group still got the cold shoulder from the Federal government this week.

According to media reports, Servicemembers United was not allowed to attend the launch of a military families initiative hosted by First Lady Michelle Obama at the White House. Officials said that the policy banning openly gay individuals from serving in the military has not come into effect yet, which is why the advocacy group was left out of the April 12 event.

However, Servicemembers United Director Alexander Nicholson said that the organization is disappointed with the White House's explanation. He told FOX News that no member who is currently enlisted or subject to DADT was going to attend the gathering, which he described as the first major military event since the repeal vote.

"We thought it natural to request to be included and expected to be included, honestly, given the administration's rhetoric," Nicholson told the news source.

The United States Armed Forces is preparing for the repeal to go into effect, as the four branches have issued training materials about the policy to approximately 2.2 million active-duty and reserve personnel, according to The Washington Post.

Last week, Gen. James Amos, who had opposed Obama's plan to repeal DADT, reported to Congress that the transition has proceeded smoothly thus far in the Marines.

"There hasn’t been the recalcitrance or push-back. There has not been the anxiety over it from the forces in the field," Amos told the House Armed Services Committee, quoted by the media outlet. 

Obama Administration Using Taxpayers To Fund Healthcare Campaign, Watchdog Group Claims

Obama administration using taxpayers to fund healthcare campaign, watchdog group claimsPresident Barack Obama plans to spend as much as $200 million worth of taxpayer money to promote his controversial healthcare law, according to documents recovered by public interest group Judicial Watch.

The records, which were obtained through a Freedom of Information Act lawsuit, detail the Department of Health and Human Services (HHS) multimedia campaign to promote the Affordable HealthCare Act and other HHS initiatives. Last November, Judicial Watch obtained documents revealing that the Obama administration spent more than $3 million in taxpayer funds to air national advertisements regarding Medicare and the healthcare overhaul.

Group president Tom Fitton said that these documents are troubling, considering the talk on Capitol Hill regarding the need to reduce wasteful government spending. Instead of using hundreds of millions of dollars worth of taxpayer money to fund critical government services, Fitton said the President is trying to get a leg-up in his re-election campaign by bombarding Americans with "misleading messages."

"There is nothing educational about this Obamacare propaganda campaign to force 'behavioral changes' on Americans," said Fitton. "These records prove the administration is using taxpayer dollars to manipulate public opinion."

Consumers May Overestimate Healthiness, Value Of Organic Foods

Consumers may overestimate healthiness, value of organic foodsA graduate student at Cornell University's Dyson School of Applied Economics and Management sought to find out how consumers are swayed by the 'organic' label, and her results revealed significant bias.

Jenny Wan-chen Lee tested her hypothesis on 144 participants. She asked them to test identical brands of organic potato chips, yogurt and cookies, labeling half of them as non-organic.

Participants rated the foods on taste and perceived calorie content, then reported how much they would be willing to pay for the organic varieties.

Her results overwhelmingly supported her theory on the "halo effect" of foods with organic labels. The subjects reported that the organic-labeled foods tasted better, had lower calories and were worth a higher price tag than the regular products.

Lee said that since she only tested a few products, additional studies may be necessary to draw any hard and fast conclusions.

While the United States Department of Agriculture's position is that no conclusive trials have proven that organic foods have superior nutritional benefits over conventionally-grown food, many experts disagree. Some studies suggest that organic fruits and vegetables do indeed have a more impressive nutritional profile compared to conventionally grown produce.

Lawmakers Consider Updating Privacy Laws To Protect Online Users

Lawmakers consider updating privacy laws to protect online usersThe California Senate Judiciary Committee has approved legislation that would require government agencies to acquire a warrant before accessing consumers' reading records.

According to the Central Valley Business Times, the State Senate bill is designed to update California's privacy law to protect online shoppers. The measure is sponsored by State Senator Leland Yee (D-San Francisco) and supported by the California Affiliates of the American Civil Liberties Union, Electric Frontier Foundation and Google.

Considering that digital books now outsell paperbacks, supporters of the legislation say that it is necessary to update the law to meet 21st century standards.

"Individuals should be free to buy books without fear of government intrusion and witch hunts," said Yee, quoted by the news source. "If law enforcement has reason to suspect wrongdoing, they can obtain a warrant for such information."

At the Federal level, lawmakers are considering an amendment to the Electronic Communications Privacy Act that would grant more privacy to mobile and cloud computing users. Last week, the United States Justice Department warned that updating the law would hinder police investigations, according to CNET.com.

Senator Chuck Grassley (R-Iowa) also opposes the amendment, saying that it could limit law enforcement's ability to "catch criminals and terrorists who use electronic communication," quoted by the media outlet. 

The Courage Of The Minute Men

In the early morning hours of April 19, 1775, about 700 British regular troops began a march toward Concord. Their goal: Round up weapons and gunpowder stored there by rebel colonists and arrest any rebel leaders they find, particularly John Hancock and Samuel Adams.

Around 1 a.m. Paul Revere arrived and informed Lexington’s captain of the militia, John Parker, that British troops were on their way. Parker called for his Minute Men and 77 arrived at the town’s green. After learning from Parker that the best-trained and best-equipped troops Britain had were on their way, the Minute Men voted to disband, lie low and do nothing to provoke the British.

Upon learning from Revere of the British march, Hancock grabbed a pistol and started to join the Minute Men. But Adams persuaded him that their capture by the British would be a major coup for Great Britain and huge loss for the rebel cause. Reluctantly, he relented. However, about four hours later, after learning the Minute Men had dispersed, Hancock met with Parker and the Minute Men who remained on the green. Shortly thereafter the drum was sounded and the Minute Men reassembled.

Hancock and Adams climbed into a chaise to leave the area just as British troops arrived. With orders to capture and hold two bridges leading into Concord and the knowledge that Revere was spreading word of their mission, the British commanders had no intention of engaging the Minute Men on the Lexington green. And Parker had ordered his men to let the British march by and not molest them unless they acted first.

As British troops marched in quick-time past the green, cursing the rebels all the while, British Major John Pitcairn told the Minute Men, “Disperse ye villains, ye rebels! Disperse! Lay down your arms! Why don’t you lay down your arms and disperse?”

After standing fast as most of the British troops passed and defying the British call to lay down their arms, Parker told his men to disband. Some began to walk away, carrying their muskets with them, and it seemed as if the crisis would pass without incident. But someone—no one was sure who but it was thought to have come from a nearby tavern or hedge—fired a shot and all hell broke loose.

Upon hearing the gunfire as the chaise rode away, Adams told Hancock, “Oh, what a glorious morning is this.” Seeing that Hancock mistook his meaning, for it was dawning a nice spring morning, Adams said, “I mean, what a glorious morning for America.”

Back on the Lexington green it was anything but. One of the Minute Men, Jonas Parker, who had vowed to never run from British guns, fell from a musket ball. He tried to fire from the ground but was bayoneted where he lay. The Minute Men fled the green and the British fired into their backs. When the smoke cleared, eight Minute Men lay dead on the green.

Shortly after 1 a.m., Samuel Prescott arrived in Concord and gave word of the British march. Bells in the town began to ring and the Concord Minute Men began to gather at Wright’s tavern. As day broke a messenger arrived from Lexington telling of gunfire on the green, but he was unsure whether the British had fired only powder as a warning, or if they were actually shooting.

About 250 men of the militia decided to carry the battle to the British and began marching east toward Lexington. After they had traveled about a mile they saw the British troops coming their way and they halted, waiting until the British were about 500 yards away.

The Minute Men then did an about face and marched back toward Concord. As they neared town some of the Minute Men were ordered to command a high ridge to deny it to the British and the rest debated what to do next. The Reverend William Emerson said, “Let us stand our ground. If we die, let us die here.”

But the Minute Men weren’t quite ready for battle and they faded back to see what the British would do. The British troops secured the bridges and then began to spread out in search of weapons and rebel leaders.

The troops burned what weapons they found and also cut down the town’s Liberty Pole and threw it onto the fire. Seeing the smoke from the bonfire over the hill, one of Concord’s volunteers asked if they were going to sit back and watch while the British burned the town to the ground.

They were told to get ready to move, but not fire until fired upon and then fire as fast as possible. They marched toward the bridges.

As the Minute Men approached the bridge, British Captain Walter-Sloan Laurie told his men to remove the bridges’ planks to make them unusable, but the Minute Men told them to stop and the British troops complied. Laurie ordered his troops into formation for street fighting, a tactic designed for fighting in narrow roads and alleys surrounded by buildings, not out in the open.

As the distance between the two armies narrowed, once again a musket went off without the order to fire being given, and the battle commenced. The Minute Men fired as rapidly as possible and advanced, driving the British off the bridge. The British troops broke and ran to the center of town.

British commanders regained order and collected their troops, but they were soon surrounded by Minute Men, whose ranks had swelled once the firing began. The order was given for the British to withdraw from Concord and the march back began.

Minute Men, hiding behind houses, barns, fences and trees, harassed the British as they retreated.

Back in Lexington, after the dead were removed from the green, Captain Parker reassembled his men, along with some newly arrived volunteers, and began to march toward Concord. Hearing the sound of the British retreat coming his way, Parker ordered his volunteers to take cover.

The British troops ran headlong into the Lexington volunteers seeking to avenge their fallen comrades. The British had no idea how many troops were facing them, but the shooting was intense. Before long, the British again broke and ran.

In Lexington, British officers got in front of their troops and again got them into order. They began a retreat toward Boston. They whole way Minute Men harassed the retreating British ranks.

When the day was done, 49 Americans were dead, 39 were wounded and five were missing. Of the vaunted British army, 73 were dead, 74 were wounded and 26 were missing. Against overwhelming odds, American volunteers had defeated troops from the mightiest army in the world.

After the fighting was over, Dr. Joseph Warren, who had become something of hero for his actions treating wounded Minute Men as the battle raged around him, put out a call for volunteers:

“Our all is at stake. Death and devastation are the instant consequences of delay. Every moment is infinitely precious. An hour lost may deluge your country in blood and entail perpetual slavery upon the few of your prosperity who may survive the carnage.”

Thousands of volunteers arrived for the cause. Thus began the war for American independence.

Now we have a new war for independence. It’s a war to make us independent from the slavery of the debt burden put on us by the Federal Reserve and the actions of the elected elites. It’s a war that will require the courage exhibited by the Minute Men on April 19.

It’s going to require sacrifice and it’s going to be difficult. But it’s obvious from the most recent budget deal that Congress still doesn’t get it. The plutocrats are crowing about cutting $38 billion from the budget as the deficit grew by $58 billion in the days they debated the cuts.

It’s time and past time to get to work contacting your representative in Congress to tell him or her that things have to change, that government has to be cut, that the Constitution  has to be adhered to. Remind him or her that an election is coming soon, and you are watching and taking notes.

Undoing 100 years of damage is going to be difficult. It’s going to require a new way of thinking about the role of government. It’s going to require commitment and courage.

Do you have the commitment and courage of the Minute Men?

(Descriptions of the battles taken from Patriots, by A.J. Langguth.)

How to Get Paid… Doing Nothing At All

I’ve learned a very important lesson over the last 41 years. There are two types of people—those who “get paid” and those who “do the paying.”

My first experience with this happened at the stock brokerage firm where I worked in my late 20s. I started working with extremely wealthy account holders. In fact, I talked with millionaires on a daily basis.

I quickly caught on to one of the ways they became wealthy—they got paid to invest.
These wealthy clients invested and reinvested in dividend-paying stocks. Some affluent investors earned thousands of dollars a month doing absolutely nothing at all… except making one smart decision to buy dividend plays.

In doing so, they got paid to wait…

These investors didn’t care if these dividend-paying stocks treaded water or even dropped while they owned them. They still got paid at least four times a year as they played golf and enjoyed their grandkids.

By buying dividend plays, they got a piece of the corporation’s earnings in dividends whether the stock went anywhere at all.

Those are the people that “get paid.”

Then there are the people that “do the paying.” These are the worker bees that live paycheck to paycheck. They pay for everything in their lives and never catch a break. They don’t invest in anything like this either. They either waste money on the latest craze in stocks, “safe” U.S. Treasuries that pay pennies, or don’t invest at all.
Let’s try to be more like the ones who “get paid,” shall we?

The New Breed Of Income Investors Get Paid Daily
I want to tell you about another income opportunity. Instead of getting paid quarterly like the wealthy brokerage clients I met years ago, you can get paid monthly—or even daily if you’re trading in the Forex market.

It’s all possible with foreign currencies. Yes, not many investors know this, but Forex firms pay you interest to hold certain high-yielding currency pairs overnight.

For instance, if you simply buy the South African rand in the foreign exchange market, you can get an overnight interest rate of 5.5 percent right now. You don’t get paid at the end of the quarter either. You get a piece of that 5.5 percent each and every day of the week, as long as you’re buying the rand.

Compare this to the average money market account in the nation now paying 0.61 percent, and you’re getting paid nine times more to sit and do nothing. The only difference is where you choose to place your money one time.

And considering the dollar now pays less than 1 percent in a bank account or money market account, it’s worth it to look at higher-yielding currencies regardless.

Do You Really Want To Hold Sinking Dollars Anyway?
Now, on top of this, it’s no secret the dollar has been falling for the better part of the last 40 years (ever since Nixon took us off the gold standard).

But take a look at how much the buck has dropped in relation to the strong South African rand over the last two and half years. The rand has gained almost 45 percent (on an unlevered basis) against the sinking dollar. On the chart below, you can see how the dollar has plummeted against the rand…

Imagine Gaining 45 Percent On The Rand, Plus Interest As The Dollar Fell

South African Rand

Think things are going to get better for the dollar? I don’t think so.

The main reason why our dollar continues to suffer is because our economy is not the powerhouse of fiscal responsibility it once was. We have a debt that’s too large for most Americans to even comprehend.

Recently some politicians have talked about instigating a “debt ceiling” so we would stop spending. But just last week, Treasury Secretary Tim Geithner effectively nixed that idea. He said “we can’t afford a debt ceiling.” Translation: Geithner wants free reign to keep spending.

I think that statement right there shows you the path that the U.S. is going to take for the foreseeable future. The U.S. is intoxicated with debt, and the dollar will be the victim. End of story.

So would you rather get paid to hold foreign currencies that pay much higher interest rates? Or do you want to be the sucker that has to pay out sinking dollars for everything you consume?

Decide Today To Become The One Who Gets Paid
The decisions you make today will determine your tomorrow. Will you be the one that parks your money in a U.S. dollar-denominated money market or savings account?

Or will you park your money in a higher yielding currency that can pay you interest over the long haul that is five to eight times greater and protects you against the sinking dollar?

The choices you make today will determine your financial future. But in the end, it’s a simple choice—get paid to do nothing, or be the one who does the paying.

Have a Nice Day!
seanh150by57
Sean Hyman
Editor, Currency Cross Trader

P.S. Personally, I prefer earning rollover interest trading spot Forex. But if you’re not ready to trade foreign currencies in the Forex market, there is another long-term way you can get “paid to wait” with foreign currencies. It’s another secret of the super-rich that we called “unclaimed dividends.” Click here for the full details.

Trumped-up?

I understand that many of you want nothing better than to tell President Barack Obama, “You’re fired!” But do we really need a New York City billionaire Donald Trump to help us do it?

I fret over Trump’s motivations. He could be questioning Obama’s birth certificate to stir up publicity for himself and his TV program, “The Apprentice.” It could also be that Trump wants to create negative sentiment against conservatives by painting us as extremists. If so, then The Donald is really allied with Obama and privately wants to see him re-elected through the power of independent voters.

Before you dismiss that Trump is really an Obama ally, consider this from Brendan Coffey’s blog on Forbes.com:

“Donald Trump may be talking a game the Tea Party activists embrace, such as consistently questioning President Obama’s American birth of late, but an analysis of his political donations since 1989 show a distinct support of the Democratic Party that may not go over well should Trump be serious about running for the Republican Party nomination for President.

“According to electoral cycle donations via OpenSecrets.org which I examined this morning, Trump has donated a net $744,033 to political candidates and committees since 1989 (the extent of the online database).

Of this, $612,083 are [sic] to candidates or parties identifiable either as Republican or Democratic.

“Of that amount, $320,300 of that have [sic] been to the Democratic Party and Democratic candidates; $291,783 to Republican committees and candidates. That’s 52% of his giving to identifiable political giving to Democrats.”

Forbes’ list of some of Trump’s liberal recipients includes:

  • $20,350 to Charles Rangel, the Harlem-based Congressman
  • $9,900 to Chuck Schumer
  • $9,400 to Harry Reid
  • $9,000 to various Kennedys, mainly Ted.
  • $5,500 to John Kerry

Trump is not putting much of his money where his enormous mouth is.

Even as I was finishing up this column I found this editorial by Richard Roeper of the Chicago Sun-Times: “Having written three books and dozens of columns debunking urban legends, myths, rumors, tall tales, half-truths and general crackpottery, I’m hardly one to jump on the “Aha!” bandwagon, but I’m starting to think Donald Trump is spearheading a vast conspiracy. To get Barack Obama re-elected.”

Regardless of Trump’s motivations, I believe that the spotlight on Obama’s birthplace may hurt conservative-minded people that want to see the President defeated in 2012.

I say this even though I believe that Obama may not be a natural-born citizen as the U.S. Constitution requires. If that is true, as a person who respects the Constitution, I object wholeheartedly.

Yet as a pragmatist I fear that if we focus on Obama’s birthplace we are wasting our energies and it could cost us the election. Keep in mind it is very hard to prove a negative, and with the Ruling Elite supporting the President, I think it could be next to impossible.

Lessons From The Vince Foster Saga
Remember Vince Foster? He was Deputy White House Counsel to President Bill Clinton and a close confidant of the First Lady Hillary Rodham Clinton. Foster was found dead in Fort Marcy Park on July 20, 1993. A three-year investigation conducted by independent counsel Kenneth Starr concluded that Foster died of a self-inflicted gunshot wound. It was all very convenient for the President and the First Lady because Foster knew the deepest secrets of the Clinton’s not-so-blind trust, as well as the truth behind Whitewater.

The ruling of suicide was made despite the fact that one witness, Patrick Knowlton, entered Fort Marcy Park approximately 70 minutes before Foster’s body was discovered. Evidence shows that Foster was already dead at that time. Knowlton saw two vehicles in the parking lot, neither of which matched the description of Vince Foster’s 1989 silver Honda.

There were many other inconsistencies with the suicide finding and I remember I was outraged that more was not done. At the time, I was publishing an investment letter and President Clinton was coming up for re-election. I wrote about Vince Foster’s death, Whitewater and what I thought was a web of corruption and lies inside the Clinton White House. Some influential writers and broadcasters addressed the subject, all for naught. Clinton was re-elected in a landslide over Bob Dole in 1996.

Looking back, I think time and energy was wasted on what was almost impossible to prove while not enough was spent on Clinton’s blatant failings as President. Fast-forward 15 years and we have a President that takes prideful ownership of many policies that are destroying America.

A Checkered Past Since 2008
Three years ago, candidate Obama said he would fix the economy. Instead, he spent his energy on ramming Obamacare down the throats of the nation.

The President also promised to be fiscally responsible. Yet Federal spending has soared during the President’s 26 months in office as is clearly demonstrated in the chart below.

˦

The U.S. Treasury Department is warning that it will reach its debt limit of $14.3 trillion in mid-May unless the Federal government gets new financing.

Given Obama’s ambitions on everything from green energy to healthcare to Arab intervention, Federal spending as a percent of gross domestic product could exceed World War II levels. That could be disastrous for America for many reasons, one being if China—sitting on $1 trillion in Treasuries—starts to liquidate Treasury debt. That would send interest rates soaring (the Treasury would have to auction off debt to keep the government afloat). Instead of paying 2 percent or 3 percent yields, the Treasury would have to yield 22 percent or 23 percent.

This would devastate the bond and stock markets as well as real estate, which is still staggering from the 2008 Depression.

Then there is the dollar itself. The bear market for the greenback began in 2001 with President George W. Bush. But the decline of the dollar has been accelerated under Obama. A decade ago my Canadian Loony was worth less than 70 cents against the dollar. Today it is worth $1.05 U.S.

It could get a lot worse, said former Treasury Secretary and Secretary of State James Baker: "At some point we have to get a handle on this spending binge we’re on."

Baker, whose glory days were in the Reagan administration, added: "If the United States of America didn’t have the dollar as the de facto reserve currency of the world, we’d be Greece. I mean we are broke, bankrupt."

When one of the top American powerbrokers of the 20th Century says the country is bankrupt, that should be the headline on every newspaper in the country. Instead what is making headlines is Trump. Don’t you see? We are drowning in an ocean of debt and people like Trump are describing the water.

America is in for hard times if Obama is not defeated. And there are so many obvious reasons that he should not be re-elected.

Yours in good times and bad,

John Myers
Editor Myers’ Energy & Gold Report