Tax challenge

IRS Loses Challenge to Prove Tax Liability 
 by Bob Unruh, World Net Daily (July 26, 2007)
The IRS has lost a lawyer’s challenge in front of a jury to prove a constitutional foundation for the nation’s income tax, and the victorious attorney now is setting his sights higher. “I think now people are beginning to realize that [...]

Bill Bonner, “Fed Speak for Dummies” (7-19-07)

“Money that is created ‘out of thin air’ – courtesy of central banks and financial firms – tends to go back from whence it came. For every genesis of wealth creation…there is an exodus of wealth destruction. Watch out for it…”
http://www.dailyreckoning.com/Issues/2007/DR071907.html

Exposing the bugs beneath the rocks . . .

“Credit crunch will ’shred investment portfolios to ribbons’” by Ambrose Evans-Pritchard, Telegraph U.K., July 2, 2007           
“The near collapse of two Bear Stearns hedge funds has lifted the rock on our 21st century mutant capitalism, exposing the bugs beneath to a rare shock of naked light. . . . If you think we are too clever [...]