Gold coin dealers decry new tax law

Not sure what healthcare reform has to do with buying and selling gold coins, but that's why we have a Congress. Thanks to John and Dick for submitting this.

http://abcnews.go.com/Business/gold-coin-dealers-decry-tax-law/story?id=11211611

Obama applies new math

http://www.youtube.com/watch?v=H_vur1eUSNY

President Obama misspoke (hopefully), but the troubling part is many in the audience cheered on the gaffe, totally unaware of what they were cheering for. Time to re-learn 'rithmetic.

PIMCO's Gross believes interest rates will soar

http://moneynews.com/StreetTalk/Gross-Interest-Rates-Obamacare/2010/03/31/id/354402

Cuba's Castro applauds US healthcare reform

Not exactly the type of endorsement the Obama administration was looking for.

http://finance.yahoo.com/news/Cuban-leader-applauds-US-apf-124808403.html?x=0&.v=1

Obamacare will bankrupt us, according to former CBO Director

http://moneynews.com/StreetTalk/Obamacare-Bankrupt-Us-DouglasHoltz-Eakin/2010/03/24/id/353700

Government mandate

Since Congress has passed a healthcare reform bill which would require healthcare insurance under penalty of fine, they should also mandate every US resident, legal or otherwise, to purchase a firearm. Surely that would create jobs in the firearms industry. The government could provide compelling evidence of how firearms saved victims from assailants, and cite research studies indicating employment growth due to gun ownership for every American man, woman and child.

And then they can further mandate purchase of every single product Wal-Mart has to offer--because, well, it's every American's right to purchase Wal-Mart products.

The lunacy continues.

House may try to pass Senate health-care bill without voting on it

The title of this article says it all.

http://www.washingtonpost.com/wp-dyn/content/article/2010/03/15/AR2010031503742.html?hpid=topnews

My Facebook post on deficit spending

Kathleen, not to single you out, as I do agree with you on the benefits of hope, but when the hopes are built on a false foundation, the house will crumble. Ask Shawna, as I'm sure she is aware of my thoughts--and investment theses. It's built on mistrust of government fiscal and monetary policies. It's got nothing to do with Dems vs. GOP, or conservative vs. liberal, etc. Obama and Pelosi just happen to take it to unprecedented extremes, as our nation's currency--and hence, our sovereignty are now at risk of being irrelevant.

Long story short, you could quite possibly be holding confetti, built on false promises from the Fed and US Treasury, with the complicity of our banking industry, who Congress conveniently bailed out, while they appropriate all this deficit spending. The US is running a massive Ponzi scheme, taking in taxes on social security and other unfunded entitlement programs--knowing full well payers will never see a dime back.

I'm in the business of risk management, not in the business of forming ideaological judgments, and unfortunately, the average American is an unwilling participant in the huge casino of the world's financial system. It includes citizens who pay taxes, have home mortgages, credit cards, retirement savings, or merely hold the USDollar. In other words, every single American.

The financial implications go well beyond whether Congress enacts healthcare reform, cap and trade, or any other bill. The crux of it comes down to you can't keep spending money you don't have. Because in our case, the foreign creditors who have been lending us this money, will eventually say "Enough!", and then the music will stop.

The US government has been bailing out failing industries, and foreign sovereign funds have been buying Treasury bills to fund our debts, but when they realize the US government itself is already bankrupt, they won't be bailing us out.

Sorry to take the punchbowl away, but the G-20 countries have already pissed in it.