With the stroke of BHO [1]‘s pen on a Friday evening (after most of the newsies went home for the weekend), all pretension of a free civil economy in the U.S. have been discarded. Read this: National Defense Resources Preparedness [2]. In essence, if they want it, they can now take it. Under this executive order, all segments of the economy have been been put on a war footing, and unprecedented Federal power has been established, without the consent of congress. Refer to Section 201 (b), and you will see that the order applies to both emergency and non-emergency conditions. Under the terms of this fiat, anything and everything can be “allocated,” by executive decree. Reader Christopher C. wrote to mention that beyond simply taking the authority to seize food commodities, this executive order also includes: Section 502 which says they can make you work for the government without compensation, Section 302 which gives Department heads the ability to take loans without approval from congress, and Section 804 which removes our right to sue the government for the return of or compensation for what they steal from us under this executive order. [JWR Notes: There is a lot to dislike and perhaps fear in President Bolt Hold Open’s new decree. To explain: I sometimes jokingly refer to Barack Hussein Obama as “President Bolt Hold Open” because they both share the same acronym (BHO [1].) I think that Bolt Hold Open is a fitting moniker for our sitting President, because a rifle Bolt Hold Open lever is: A.) An Obstruction. B.) Only useful and noticed after the real work has been completed by another apparatus, and C.) A reminder that best is behind us, and that the fun won’t resume until Bolt Hold Open is slapped and disengaged. Coincidentally, the word ABHORRENT includes BHO.]
The power of compounding interest: Children born today will inherent a per capita share of the national debt exceeding $1.5 million, a new study reveals [3]. (Thanks to B.B. for the link.)
F.G. sent this: In Sweden, cash is king no more [4]
Michael Pollaro, writing in Forbes: Money Supply booming, seeds of the next Greater Recession [5]
Items from The Economatrix:
Doomsday Survey: 51% of Americans Believe A Financial Collapse Is Imminent [6]
Time To Accumulate Gold & Silver [7]
Five Charts That Prove We’re In A Depression And That The Federal Reserve And D.C. Are Wasting Money [8]