The Taxman Commeth
By Charles Kubach, Mine-Engineer.Com
Jan. 9, 2010
The Socialist Obama administration has become giddy with their overpowering majority and the ability to ram any legislation down the throats of the American people. In addition to the various "reforms", all conducted in secret, are the pending mega tax and fee regulations certain to break the back of the Capitalist Sector of American business. Take for instance, Obama's proposal to punitively "tax" big banks (taking advantage of their low ratings in polls) to the tune of $9,000,000,000 per year. Then his support for the United Nations proposal to tax banking and "internet" transactions in the United States, to fund their corrupt, socialist and worthless entity to the tune of a unknown amount of ($XX,000,000,000). This is purportedly to be re-distributed to the lesser endowed countries of the world to make them wealthier. Yes, the Great Re-Distributer has sold the American People Down the drain with his "reforms".
The Boston Tea Party was a revolution, by the founding fathers against unfair taxes enacted by King George, now it is time for the US Tea Party, Parte II, against King Obama, The Socialist. If the average American cannot see where all of this is going by now, they are either blind or extremely naive. These plans by the current administration will further push the US into a global rule, surrendering the sovereignty and private capital to international waste and corruption, placing tax burdens upon the American taxpayers for the follies of the underdeveloped countries of the world. This reminds me of a old Bible saying, "He helps those that help themselves". Which means that until one in need of assistance changes the fundamentals that cause their predicament and truly make efforts to change, they can not be helped. Obviously this does not apply to the Socialist agenda of re-distribution of wealth, since making everyone poor will solve all problems in their demented minds.
As the administration and the Fed tout the flat consumer price index as an indication that inflation will not be a problem, keep cheap capital available for those that can acquire it, raise the tax burden to astronomical levels, expand the government into every facet of our lives, inflation will not only return, it will consume the economy. Increased burdens continuously placed on business will cause them to both increase their prices, and reduce their workforce, just to remain in business under the rule of The Great Re-Distributor. Consumers will have much less disposable income, paying for Obama's Follies, and will struggle just to keep their heads above the economic water. This means a return to recession, high unemployment continuing into next year and beyond, a devalued dollar worth ½ a Euro, and gold climbing to even more historic levels. But on the positive side The Great Re-Distributor has promised "not to let the recession return". Just like he promised to provide everyone the same health care coverage that the Senate has, transparency in government, etc., etc. I don't know about you, but I believe he can do it. That is send the USA down the road to economic ruin.
So, to answer the question is there a gold bubble, no, there is not. Not yet, anyway, as gold will still be one of the few choices to maintain value in owned assets. Historically, gold thrives in bad economic times. And if The Great Redistributor has his way, bad times will return with a vengeance. Now, that is Change You Can Believe In.
Will the American People wake up in time and send these bums packing? Stay tuned.
"The Sign of an intelligent person is not the realization of all they know,
but rather the realization of all they do not know."
Charles Kubach 1979
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