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Via The Daily Bell

The government depends on the citizens to produce, to create value from which the ruling classes can leech. They need to keep us working and spending in ways that they prescribe in order to insert themselves into transactions which would otherwise have nothing to do with them. Here are five ways that they keep the tax farm going.

1. Credit Cards and Debt

Content originally published at iBankCoin.com

One week after James O'Keefe destroyed CNN's last shred of credibility, the network rife with ham-handed propagandists has doused itself in gasoline and lit a match - forever condemning themselves to irrelevancy and ridicule.

• Health Bill Faces Resistance Among GOP Governors (WSJ)
• Saudi Arabia, allies give Qatar two more days to accept demands (Reuters)
• Qatar Responds to Saudi Bloc Demands as Trump Works Phones (BBG)
• Trump says he will speak with German, French officials on Monday (Reuters)
• Goldman to Review Commodities After Worst Start in a Decade (BBG)
• U.S.-Backed Forces Close to Trapping ISIS Holdouts in Raqqa (NYT)
• Missing Caterpillar export filings could open a new avenue for U.S. tax investigators (WSJ)

Submitted by Doug Kass via Seabreeze Partners,

"Remain calm, all is well."

--Kevin Bacon, "Animal House"

History is littered with very smart people saying very stupid things.

Here are some examples of quotes that their authors would like to take back:

• Global Bonds Gyrate as Investors Try to Parse Central Banks’ Next Stimulus Moves (WSJ)
• Republicans struggle to salvage healthcare effort (Reuters)
• States' Medicaid spending to increase (Reuters)
• Apple's iPhone turns 10, bumpy start forgotten (Reuters)
• Fed’s Stress Tests: All Banks Cleared on Payouts to Shareholders (WSJ)
• Bitcoin's Become So Volatile That It Looks Like a Steroidal ETF (BBG)
• They Built the First Phone You Loved. Where in the World Is Nokia Now?  (BBG)