currency

Today brings another example of how spending in Washington is dangerously out of control. With the national debt approaching $12.135 trillion, and the Treasury Department having to use "extraordinary accounting tools" to allow an extra $150 billion in debt so Social Security checks can continue to be issued and the federal government can keep its doors open, it is time our elected officials in Washington be held accountable. They just don’t get it.

They must be stopped from increasing the debt ceiling by another $290 billion – as is being proposed now – and instead must make cuts to the federal budget. When a family of 4 hits hard times, they learn to make sacrifices – not sign up for a new credit card. Our government needs to watch and learn from the hard-working folks across our country and stop this mentality of "spend-our-way-to-prosperity." The bailouts, the stimulus packages, the pork and pet projects, and the ever-increasing size of the federal government must be put to a stop.

When I am elected to represent the good people of Tennessee, I will vote for a balanced budget, and I will do everything in my power to make certain that the size and reach of the federal government decreases each year I am there. It's time to bring common sense budget principles to the United States Congress.

To learn more about me, please visit: www.chuckforcongress.com

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The US Mint will begin to print more and more $2 bills as a result of inflation inside of the next few years. This will put us on the 1, 2, 5 system that the Euro is on. A superficial, yet salient symbol of the further Europeanization of America.

 Just about a week ago you heard most bobbing heads on CNBC talk about how great a strong dollar is and why its a safe haven etc. Those guys have no clue about economics and what is really going on behind the scenes.

Let me fill you in using simple terms:

1) Our country is essentially broke and has been for some time already. We are the world's biggest debtor.

2) We let all our manufacturing go overseas with int. trade agreements that mostly benefitted OTHER countries and/or our multinationals.

3) Congress is and has been in the pockets of lobbyists for some time now. All most do (there are exceptions on both sides of the aisle) is think of their own career and how best to partake in freebies distributed by lobbyists.

So, what we have here is a nation totally in debt and plagued by mismanagement and corruption thanks to ZERO oversight by SEC, FED, congress. Madoff, Enron, Marc Rich (pardones by B. Clinton after receiving a generous contribution by his wife for the library), the sub prime bubble ALL could be been avoided simply by ENFORCING THE LAWS WE ALREADY HAVE.  

Unfortunately Pres. Bush let totally incapable people do whatever they pleased until the train in the tunnel hit us all. Bernanke and Paulson are not a solution to the problem, they are the cause! They did absolutely NOTHING back in 2007 when things could still have been averted. Nobody dared tell banks they could not do this or that. Money talks and B.S. walks so the just watched on until the total meltdown. 

The rest of the world is figuring out that the emporor has no clothes and will think twice before handing over more billions to us that we CANNOT REPAY. When the current cycle of deleveraging has finished, which it just about has, watch commodities to head waaaaaay up. Within 6 months to 1 year you will really start to notice inflation. Gold and silver are 2 of the best ways to hedge against this. You want to have the actual physical stuff, no ETF, etc. There already is a noticeable shortage in actual precious metals, yet the paper contracts have been selling at a discount. Something is brewing, and its not a vat of beer.