What should be done with a 29-year-old welfare parasite that believes that in addition to practicing with his rock band, his main job in life is to “make sure the sun’s up and the girls are out”? Most people that receive government assistance truly need the help and do not abuse the system, but there are definitely others that do abuse the system and do not make any excuses for doing so. When 29-year-old Jason Greenslate was recently asked if he would be willing to take a job driving a truck in North Dakota for $80,000 a year, he said that he would not. He would rather keep purchasing sushi and lobster with his EBT card and hanging out with his rock band. Greenslate seems very happy with his taxpayer-funded lifestyle, and he says that he wants “to thank the United States of America, and the situation — the way things are set up”. Is this really what we pay taxes for? The rest of us are taxed into oblivion so that we can fund the endless partying of parasites like Jason Greenslate? What in the world is happening to this country? [Read more...]
The Cantillion Effect: Why Government Handouts & Paper Fututures Markets Eliminate Real Price Discovery
By SD Contributor AGXIIK:
As free or low priced money floods any economic system it skews the value of the FIAT and the goods paid for by this funny money.
The government pays out $1,000,000,000,000 (trillion) in transfer payments a year. This is big money that has no effort, sweat or value recognition embedded in it. It’s free money.
Similarly, in gold & silver, price discovery has been blown all to pieces because of another free money crowd, the paper traders. [Read more...]