Sip The Tea, Don’t Swallow the Kool Aid

August 5, 2011

Debt Deal Wrap Up

By: Ashe Schow

The long, grueling, aggravating debt limit debate is over!

Unfortunately, everyone thinks the liberals got taken to the cleaners, when in reality, conservatives lost big. We wanted Cut, Cap, and Balance, but what we got was Add, Slow, and Tax. The 12-member committee will not work in our favor.

The committee requires 7 members to approve of the findings, that means just one out of the six conservatives that will be appointed needs to agree to tax hikes, and they'll be accepted. That does not bode well. Granted, just one liberal needs to sign on to no tax hikes but given past history...

Republic Monetary Exchange

A Little Known Secret About Physical Gold: You Can Own it in an IRA

By: James Scott

• Yes, you can own gold in IRA
• It is a little known fact that you can protect your assets by owning gold and silver within a qualified Individual Retirement Account (IRA). In some cases, you can even take physical possession of that portfolio. My colleagues and I bring decades of experience in precious metals and broad financial markets to investors every day. The Tax Payer Act of 1997 has made it possible for you to own physical gold, silver, and other precious metals within a qualified retirement plan such as an IRA, ROTH, SEP, etc. Simply put, you can take a position in physical precious metals using your retirement funds without triggering any taxable events or penalties.

Bloomberg

U.S. Yields Evoke Eisenhower Era as Growth Stalls

By: John Detrixhe

Treasury bond yields are plunging to levels seen in the 1950s on concern the two-year recovery in the world's largest economy is stalling.

Yields on benchmark 10-year U.S. notes are about 4.3 percentage points below the average over the past 49 years and almost where they were when President Dwight D. Eisenhower began his administration in 1953. The yield, which dropped to 2.40 percent today in New York, reached a record low of 2.04 percent in December 2008 during the global financial crisis.

The Daily Caller

Anti-terror plan allies White House with Muslim groups

By: Neil Munro

The White House's new plan to curb home-grown Islamic extremism calls for partnerships between local governments, various non-profits, and U.S. communities of Muslims. But critics say those partnerships often include Islamic groups whose ideology spurs terrorism.

Federal agencies are already using their "convening power to help build a network of individuals, groups, civil society organizations, and private sector actors to support community-based efforts to counter violent extremism," according to the new strategy document, titled "Empowering Local Partners to Prevent Violent Extremism in the United States."