We interrupt our regularly scheduled program (fractional reserve banking…) to bring you this breaking news:
Apparently Kung Fu Girl is now wanted by the FBI! (Or at least is considered an “extremist”…)
Yep, it’s true… This morning while getting my daily dose of my favorite financial news site, Zero Hedge, I came across this little gem:
It gets better…according to Reuter’s:
“Anti-government extremists opposed to taxes and regulations pose a growing threat to local law enforcement officers in the United States, the FBI warned on Monday. These extremists, sometimes known as “sovereign citizens,” believe they can live outside any type of government authority, FBI agents said at a news conference. The extremists may refuse to pay taxes, defy government environmental regulations and believe the United States went bankrupt by going off the gold standard.”
I think most people are “opposed” to taxes (although we pay them, and I encourage you to, too…), and yours truly believes with 100% certainty that the U.S. is bankrupt and would benefit from a return to the gold standard or something very close to it.
But see what you think…
I’ve linked the image above to the page on the National Debt Clock site where you can find more information and look at the data for yourself, sliced and diced in several different ways, and we can split hairs and discuss the difference between the end of the true “gold standard” (1933, when President FDR outlawed private gold ownership except for jewelry) and the end of the “gold-exchange standard”, commonly known as “Bretton-Woods” (1971, the year Nixon ended the convertibility of the U.S. dollar into gold).
But no matter how you slice it, it’s hard to ignore that steep curve in our National Debt post-1971!
Luckily I have a former roommate who now works for the F.B.I. (Jeff, remember me? Your best buddy? Your pal? Jeff?) so hopefully I’ll be OK, and of course I’ll put in a good word for all of my Kung Fu Finance peeps, but sheesh, the rest of you better watch your backs!
This actually does tie into our money conversation, which we will resume shortly…because in today’s post-gold-standard world, money is debt. Crazy concept, to be sure, but it is. But more on that tomorrow!
In the meantime, and speaking of “sovereign citizens”, I’m going to pack my bags for Chile, where I will be visiting the SovereignMan development in just a few weeks…
Just in the nick of time, apparently!
To your financial success,
— Kung Fu Girl
P.S. If you want to make your own Wanted poster, you can do so here for free…(what did we do before the Internet???)