America

Submitted by JP Cortez & Stefan Gleason via The Mises Institute,

Since Nixon severed the final link to gold in 1971, the US dollar has lost more than 80% of its purchasing power, wreaking havoc on ordinary savers, conservative investors, and households on fixed incomes. Today, inflationary monetary policy continues to be a foundational tenet of all presidential administrations as politicians and central bankers have heedlessly been borrowing and printing currency without restraint in order to bankroll today’s bloated and insolvent federal government.

With major media outlets having launched their campaign against fake news, which can be seen in in action in the screengrab below in which ABC News is disputing a news item...

You can see the Facebook "fake news" warning label in action here -- "disputed by ABC News" https://t.co/szQrgHj5yY pic.twitter.com/chGyZ1L8E2

— Brian Stelter (@brianstelter) December 17, 2016

Via Edelweiss Journal,

Reflections on Trump’s America

That which has been is that which will be, And that which has been done is that which will be done. So there is nothing new under the sun.

Hinting at a substantial clampdown on government spending over the next four years, this morning President-elect Trump announced the selection of South Carolina Rep. Mick Mulvaney to be his first budget director, a nomination which would put a "fiscal conservative hawk" in charge of managing the federal budget and the logistics of government affairs.

Authored by Ben Tanosborn,