Economics and Investing:

Peter Schiff: Even if you raise taxes to 100%, we couldn’t pay it off. We’re going to default.

Dr. Gary North details the latest legislative travesty in Illinois, the Land of Lincoln Obama: A Bill to Register Buyers of Gold and Silver Coins. Just as with guns, they have it down to a science: they register, they tax, and then they confiscate.

Federal Reserve May Pause Quantitative Easing. JWR’s Comment: Yes, and your local crack head may try to kick his habit by going cold turkey. They’ll both have about the same chance of success.

Hedge funds face suspicious activity reporting requirement

Items from The Economatrix:

Cracking The 2013 Tax Code

Gold and Silver Prices Are Down – So What, Buy More: Peter Schiff

Rising Wages A Balm For US Workers Facing Payroll-Tax Shock