So this gives a whole new meaning to the Declaration of Independence’s, “…a multitude of New Offices, and sent hither swarms of Officers to harass our people, and eat out their substance.”
The New American has released a new video breaking down The Competitive Enterprise Institute’s annual “Ten Thousand Commandments” report which has concluded that federal regulations cost the economy $1.863 trillion in fiscal year 2013 alone!
As New American’s William F. Jasper noted , “The average family, with an average income of $65,596, will ‘pay’ $15,000 in regulatory costs, or about a quarter of the family’s income, buried in the prices of everything they consume.”
Those figures are so ridiculous, they might literally make your eyeballs pop out of your head.
Think that’s an incorrect use of the word “literally?”
Not according to the updated definition of literally which says that it can be used correctly if the use is for pure hyperbole to gain emphasis, regardless of how unnecessary that emphasis might be to make the point.
Think that’s upside down and backwards to use the word “literally” when something clearly isn’t literal?
So is the 79,311 pages the federal regulations now take up in the Federal Register .
Whether they admit it or not, Bitcoin has put the fear of God into the banking system. Why? Because it threatens to remove them from the equation, plain and simple.
Many people have now heard of Bitcoin and have a grasp of what it is…but the big question is, do they realize the potential for crypto-currencies to remove massive inefficiencies from just about every area of banking and finance?
Whether it is Bitcoin or some other type of crypto currency, the banking sector knows one thing for sure: The genie is out of the bottle.
Hidden Secrets Of Money.
- When Saving Interest Rates Go Negative: Time For New Medium Of Exchange Bitcoin & Quark!
- China Warns Kerry: Sanctions Will Bring “Retaliatory Action” Which This Time Kerry Will Loose!
Weekend Reflections: Pilfering America’s Money By The Climate Scam: In 1975, Our Government Pushed “The Coming Ice Age.” Welcome To The Banker’s Con!
Random House dutifully printed “THE WEATHER CONSPIRACY … coming of the New Ice Age.” This may be the only book ever written by 18 authors. All 18 lived just a short sled ride from Washington, D.C. Newsweek fell in line and did a cover issue warning us of global cooling on April 28, 1975. And The New York Times , Aug. 14, 1976, reported “many signs that Earth may be headed for another ice age.”