Larwyn’s Linx: IRS’s Los Lerner, Treasury Department secretly drafted new rules to restrict nonprofits

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Nation

IRS’s Lerner, Treasury secretly drafted new rules to restrict nonprofits: DC
Obama “Dreamer” hero kills two girls: FlopAce
Government hiding what people are buying with SNAP food stamps: Kathryn Watson

Brian Terry’s Brother Slams Eric Holder: Matthew Boyle
A Tale of Two Droughts: Victor Davis Hanson
Think power inequality: Jonah Goldberg

No Keystone Or ObamaCare Bailout Repeal For Debt Ceiling Hike: Ace
Human Rights – another modernist evil: Charlton Teaching
Conservatives: Ready for… Jeb Bush?: Ace

Economy

All Your Children Are Belong to Us: Globl
Outrageous: Politicized NLRB Re-Ignites Election Rule: Sara Noble
Union reps reportedly intimidate VW employees ahead of vote: BPR

Voters in Bankrupt San Bernardino Sweep Pro-Union Types from Office: Mish
Dear Lord – shoot me now. I don’t believe what I’m seeing…: Adrienne
Hot New Trend: Carefree Hipsters Go For Funemployment, Starve-cation: IowaHawk (2009)

Scandal Central

Documents show IRS secretly regulated Tea Party groups, hid from public: WZ
New IRS Head Apologizes to Conservatives for Scandal Obama Doesn’t Think Exists: JWF
My Second Open Letter to Mike Lawlor — On “Nightcrawlers” and Treason Played for Laughs: SSI

Climate & Energy

EPA Bans Most Wood Burning Stoves In a Corrupt Scheme, Fireplaces Next: Sara Noble
Don’t Blame Climate Change for the California Drought : Charles C. W. Cooke
Climate Projection: Mark Steyn

Media

Will Fox Again be Targeted by the Obama Administration?: Hideout
Caution: You’re Entering The Spin Zone: MOTUS
The New York Times achieves Anagnorisis on Obamacare: Moe Lane

The Worst Idea in the World: R.S. McCain
Time laying off hundreds of employees?: R.S. McCain
Megyn Kelly Crushes James Carville Over Obama Whining About Fox: IJR

World

China Military Spending Surges: Breitbart
Susan Rice blasts Israel for ‘Personal Attacks’: Breitbart
How About a “Comprehensive” Plan to Deport Illegals?: CFP

Groundhog Day for Islam: Daniel Greenfield
US condemns planned construction in East Jerusalem: Times of Israel
Laughingstock: Israeli settlers publish spoof mocking John Kerry’s incompetence: BPR

Sci-Tech (courtesy BadBlue Tech News)

NBC: All Visitors to Sochi Olympics Immediately Hacked: WS
Texas health system attacked, data on more than 400K compromised: Adam Greenberg, SCMag
Verizon denies benefiting from net neutrality ruling, throttling Netflix: Russell Holly

Cornucopia

I swear, you write one little post on how to bring down the grid and you never hear the end of it: Bob Owens
‘Il Silenzio.’ I have to admit, I wept listening to this.: SSI
Seahawks: We cracked Peyton Manning’s hand-signals: Daily Mail

Image: US condemns planned construction in East Jerusalem
Today’s Larwyn’s Linx sponsored by: Fire Mitch McConnell: support Matt Bevin for Senate

QOTD: “The people amnesty helps are Democrats, who get multiple millions of new voters, and the soulless rich, who don’t care about the country and don’t care about the culture. They just want cheap labor.

Instead of standing up for the long-suffering middle class that is the backbone of the Republican Party — much less the lower class lionized in so many Bruce Springsteen songs — Christie sided with Silicon Valley billionaires and Wall Streeters on their servant problem, while also helping Democrats with their demographic problem.

A few months later, Christie doubled down on amnesty by granting in-state tuition to illegal aliens.

There isn’t a wall high enough to stop illegal immigrants from sneaking across the border when the reward waiting on the other side is free health care, jobs, driver’s licenses and college tuition subsidized by American taxpayers.” —Ann Coulter

Doug Ross @ Journal

U.S. Treasury Warns of What’s to Come: “Catastrophic Effect… Could Last for More Than a Generation”

titanic-dollar2

The next time someone tells you that the US government is operating in a fiscally sustainable manner and that our economy is growing strongly point them to the latest report from the U.S. Treasury Department.

According to the new report released yesterday all of our worst fears may soon be realized should the United States default on its obligations to creditors, employees, and recipients of state-sponsored benefits.

The report details the consequences of Congress failing to raise the debt ceiling so that the government can borrow more money. The political impasse will likely be resolved in the 11th hour just as it has been during prior showdowns. But, the report has much broader implications.

This is nothing short of an official admission and confirmation of the decades’ long woeful mismanagement of U.S. economic, fiscal and monetary policy.

Here’s what you can expect to happen on that fateful day when our government is no longer extended the credit it needs to cover its trillion dollar commitments:

“In the event that a debt limit impasse were to lead to a default, it could have a catastrophic effect on not just financial markets but also on job creation, consumer spending and economic growth,” the report said.

Credit markets could freeze, the value of the dollar could plummet, US interest rates could skyrocket, the negative spillovers could reverberate around the world, and there might be a financial crisis and recession that could echo the events of 2008 or worse.

“Considering the experience of countries around the world that have defaulted on their debt, not only might the economic consequences of default be profound, but those consequences, including high interest rates, reduced investment, higher debt payments, and slow economic growth, could last for more than a generation,” the report states.

Via: Yahoo and HuffPost

While all the political hoopla in Congress will eventually lead to an agreement on raising the debt ceiling, the fact is that we are very quickly approaching our limit as a nation.

At some point our creditors are going to pull the plug. They understand that the $ 200 trillion in obligations we have will never be met. Countries like Russia, China, and even the private central banking conglomerates are positioning their chess pieces right now for when this day comes.

The end result is going to widespread financial and economy destruction, a meltdown of the U.S. dollar, and a collapse of our very way of life as tens of millions of Americans will be instantly impoverished.

Economic analyst John Williams has warned that when it does finally happen, we can fully expect disruptions to our food supplies and the normal flow of commerce.

Without the U.S. dollar as a viable mechanism of exchange, such a  scenario could very quickly lead to civil unrest, violence, and widespread looting. While most Americans may deny that the possibility exists, it’s exactly the scenario that U.S. Homeland Security experts and the Pentagon have been simulating for years.

The U.S. Treasury Department has confirmed it can happen. The military and DHS are actively war-gaming contingency plans and stockpiling ammunition, recruiting soldiers for interment operations, and arming up local police forces. Furthermore, governments around the world are training for it.

Take their lead, and do the same on an individual level by developing your own long-term preparedness plan. Set aside food in case it is no longer available at grocery stores. Save some gold and silver to utilize as a mechanism of exchange should the dollar crash. Learn to use a firearm and have ammunition on hand to defend yourself when the masses start fighting for whatever resources remain.

While the timing of the Treasury Department’s report is designed to instill fear in the American public, understand that raising the debt ceiling will do absolutely nothing to resolve the underlying issues we face and the consequences that will eventually be realized.

 


SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You