According to the U.S. National Debt Clock, America's debt has now officially hit $18 trillion.
The Banksters are at it again.
The IRS is seizing both federal and state tax refunds for individuals whom the Social Security Administration accuses of having received excessive benefits years ago often with zero evidence of the overpayments,
Say what you want about Bill Gross, but the legendary bond investor is absolutely spot on in the following paragraph from his latest, December, investment outlook:
On October 22, 1981, the government of the United States of America accumulated an astounding $1 TRILLION in debt.
Every week we roll over $100 billion in US bills, Lew told the committee. If US bondholders decided they wanted to be repaid rather than continuing to roll over their investments, we could unexpectedly dissipate our entire cash balance....
Without even needing to charge someone with a crime, law enforcement can seize and keep cash, cars and even homes. Now IJ uncovered recordings of government officials making unsettling comments about this power.
The government put up new signs around town threatening $250 fines for dog waste violations, but received complaints the law actually sets the fine at $25. No problem, the town changes the law to match the signs.
We have a very serious problem with taxation. Only the United States and Japan regards its citizens as state property.
The current power-sharing government among factions in Afghanistan will likely be as successful the one in Iraq during the Nouri al-Maliki period: not very.
Asset forfeiture may be the greatest scam perpetuated on the American people by their government -- and it's all legal. For the most part, assets seized translate directly to monetary or physical gains for the agencies doing the seizing,
Much has been made of the decision by the Japanese government to inject another $700 billion into their ailing economy. While some may see this as an earnest attempt to save Japan from further stagnation and deflation, even some of the mainstream med
As recently reported by the Project On Student Debt, 7 in 10 seniors who graduated from public and nonprofit colleges in 2013 had student loans, with an average debt load of $28,400 per borrower. This represents a two percent increase from the averag
A popular concept is the government will "borrow" from the Federal Reserve for deficit spending. This involves giving a Treasury security (bill, bond, or note) to the Fed as collateral and the Federal Reserve Bank of New York will credit
Up to 30,000 missing emails sent by former Internal Revenue Service official Lois Lerner have been recovered by the IRS inspector general, five months after they were deemed lost forever.
The latest erosion of due process has just been proposed in Texas -- allowing the police to charge you with a crime and then charge your credit card on the spot.
A National Transportation Safety Board (NTSB) panel reversed a decision made by an NTSB law judge, finding a man's remote-controlled model plane was indeed an aircraft. Raphael Pirker must pay the $10,000 fine
Last June, Boise, Idaho resident William James Esbensen, who operated a medical marijuana co-op in Ontario, Oregon, was found guilty of receiving "proceeds" from marijuana sales, under a law that was no longer in effect.
America's red ink runs much deeper than you think. Aside from the nearly $18 trillion national debt, many state governments are looking at future budgets that are trillions of dollars in the red. And they've hidden the numbers by
During the past year, Washington has shelled out billions to give bureaucrats paid vacations in lieu of discipline; to ship coal to Germany for no reason; to design better golf clubs; and to give bunny rabbits massages, among many other things.
In one of the bluntest statements on the topic by any globalist thus far, controversial German Finance Minister Wolfgang Schäuble openly called for "global standards" and "global governance" in taxation to ensure that governments can continu
We often hear government officials and mainstream financial pundits throwing around numbers like a billion or trillion.
Puts a different spin on it, huh? Now, you really want your mind blown? Do that same calculation with the debt (now $18 trillion). Now do it with the unfunded liabilities of the FEDGOV (conservatively $250 trillion).
In 310 small towns statewide, the mayor or someone he designates decides guilt or innocence of the accused driver, collects the fine and decides how to spend the revenue.
Over the last few weeks, I've had close to 30 consultations with Nestmann Group clients. And one of their top concerns is that Barack Obama or some future US president will find a way to confiscate the money in their IRAs or 401(k) plans...It's n
The State of Michigan is ordering a Detroit man to pay tens of thousands of dollars, or go to prison. The reason? He owes back child support for a child that everyone agrees is not his.
Officials in the city of Keene, New Hampshire are irate that a band of residents calling themselves Robin Hood of Keene have been feeding the parking meters to prevent the issuance of parking tickets. The Robin Hood group documents
The Social Security Administration says the average yearly salary stands at $44,888.16. The current debt level of over $17.9 trillion would thus take more than 398 million years of working at the average wage to pay off.
In an article in the UK's Telegraph on October 10, veteran economic correspondent Ambrose Evans-Pritchard laid bare the essential truth of the nearly universal current embrace of inflation as an economic panacea.
The US government's debt is getting close to reaching another round number—$18 trillion. It currently stands at more than $17.9 trillion.