A lawmaker in Mississippi introduced legislation yesterday that would prompt the state to invest a small portion of state funds in gold and silver, as well as eliminate sales and income tax liabilities on the monetary metals.
The military will always find the most expensive way to accomplish anything. You know, like the plastic control knob that costs $145 because it’s going into a fighter jet. Maybe they used their $400,000-each sidewinder..
Russia, China and India seek the stability of a gold-linked non-fiat, currency. Argentina and related S.A. nations are also interested in non-fiat, sound cash. The "shot-across-the-bow" may be the news of sound money in Asian...
Call it whatever you want, but the economy is in a bad way, powered by consumer borrowing that is unsustainable and shakily backstopped by Baby Boomer 'wealth' dwarfed by Social Security, Medicare and public pension liabilities..
The point, as a possible debt ceiling showdown nears, is that even completely eliminating that “non-defense discretionary” spending slice would still leave Washington without enough income to cover interest, defense, and mandatory spending growth.