Last week, the Senate Appropriations Committee passed Assembly Bill 962 out of committee. The bill will now move to the Senate floor for a vote very soon. No action has been taken on Senate Bill 585, which is still pending a vote by the full Assembly.

Sponsored by Assembly Member Kevin De Leon (D-45), AB962 would make it a crime to privately transfer more than 50 rounds of ammunition per month, even between family and friends, unless you are registered as a "handgun ammunition vendor" in the Department of Justice's database. Ammunition retailers would have to be licensed and store ammunition in such a manner that it would be inaccessible to purchasers. The bill would also require that purchasers submit to fingerprinting, which would be kept in dealers' records and subject to inspection by the Department of Justice. Lastly, mail order ammunition sales would be prohibited.

Hyperinflationary Great Depression (2008)

In the United States, the printing presses have not been revved up heavily, yet, but the commitments are in place, as seen in the annual GAAP-based deficit running on average more than $4.0 trillion per year. That amount is far beyond the ability of the government to tax or the political willingness of the government to cut entitlement spending. While the inevitable inflationary collapse, based solely on these funding needs, could be pushed well into the next decade, actions already taken likely have set the stage for a much earlier crisis.

Most Americans haven't thought much about the strange entity that controls the nation's money. They simply accept it as though it has always been there, which is far from the case. Visitors to Washington can see the Fed's palatial headquarters in Washington, D.C., which opened its doors in 1937. Tourists observe its intimidating appearance and forbidding structure, the monetary parallel to the Supreme Court or the Capitol of the United States.