The Government Will Never End the Fed but the Fed is Destined to Die Anyway

Although the Republican controlled House of Representatives recently passed Audit the Fed, HR 459, Audit the Fed will never pass nor will the Fed ever be abolished legislatively. Republicans really do support the Federal Reserve because it funds their wars and empire. Furthermore, all the Republican YEA’s to Audit the Fed were nothing more than an act of political expediency because Republicans in Congress absolutely do understand that Audit the Fed stands no chance of ever getting out of the Senate where it only has 30 co-sponsors and could never survive a presidential veto.The Federal Reserve is the mother’s milk of empire, tyranny and statism. Big government and central banks exist for no purpose except…

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The Government Will Never End the Fed but the Fed is Destined to Die Anyway

Although the Republican controlled House of Representatives recently passed Audit the Fed, HR 459, Audit the Fed will never pass nor will the Fed ever be abolished legislatively. Republicans really do support the Federal Reserve because it funds their wars and empire. Furthermore, all the Republican YEA’s to Audit the Fed were nothing more than an act of political expediency because Republicans in Congress absolutely do understand that Audit the Fed stands no chance of ever getting out of the Senate where it only has 30 co-sponsors and could never survive a presidential veto.The Federal Reserve is the mother’s milk of empire, tyranny and statism. Big government and central banks exist for no purpose except to massive concentrate wealth and power. Moreover…

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GM Loses Over $49,000 On Every Chevy Volt

Watching Phil LeBlow providing Ford with a reacharound this morning reminded us of total farce that is both the forest and the trees of the US auto industry. We have discussed the FUBAR channel-stuffing and the subprime-lending SNAFU but now, as Reuters reports , we see the ugly truth about GM’s little baby “the Volt is over-engineered and over-priced”. Nearly two years after the introduction of the path-breaking plug-in hybrid, GM is still losing as much as $49,000 on each Volt it builds. Furthermore, there are some Americans paying just $5,050 to drive around for two years in …

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Iowa Surgeon Goes Galt

I love stories like this: As a solo general surgeon in private practice, in 2004, with a gross business income before taxes of roughly $500K, I figured that the 39.6{660353129f8d892044c993645a1c75194301fec6786a7f617c15adde0b0011e9} Federal + 9.98{660353129f8d892044c993645a1c75194301fec6786a7f617c15adde0b0011e9} Iowa state top income tax rates + 6{660353129f8d892044c993645a1c75194301fec6786a7f617c15adde0b0011e9} state sales + Medicare which no longer peaked out, + property taxes, medical license fees, malpractice fees which were already at $100K for me and headed higher, and no scholarship help for the 4 out of 10 kids in college at the time, my marginal rate was somewhere north of 70{660353129f8d892044c993645a1c75194301fec6786a7f617c15adde0b0011e9}. Once I ‘retired’ from surgery and became a biology professor, making around $50K, my gross income was one tenth as much, but now one of…

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The Government Will Never End the Fed but the Fed is Destined to Die Anyway

Although the Republican controlled House of Representatives recently passed Audit the Fed, HR 459, Audit the Fed will never pass nor will the Fed ever be abolished legislatively. Republicans really do support the Federal Reserve because it funds their wars and empire. Furthermore, all the Republican YEA’s to Audit the Fed were nothing more than an act of political expediency because Republicans in Congress absolutely do understand that Audit the Fed stands no chance of ever getting out of the Senate where it only has 30 co-sponsors and could never survive a presidential veto.The Federal Reserve is the mother’s milk of empire, tyranny and statism. Big government and central banks exist …

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