Saturday, December 31, 2011
The difference: What 40 Dollars Means
Friday, December 30, 2011
Ron Paul attacks eclipsing the real issues?
Congress In The 70's Vs Today (Wealthier, More Conservative)
Plutonomy: Economic growth that is powered and consumed by the wealthiest upper class of society. Plutonomy refers to a society where the majority of the wealth is controlled by a minority; as such, the economic growth of that society becomes dependent on the fortunes of that same wealthy minority.
Plutocracy: rule by the wealthy, or power provided by wealth. The combination of both plutocracy and oligarchy is called plutocracy. Read more......
Thursday, December 29, 2011
Documentary Trailer, Hole In The Head: A Life Revealed
This short documentary trailer will stun you, disturb you, and move you. A mind-boggling story of America’s ugly past, unknown in the present. View with caution. More here.....
China and Japan Deliver A Huge Blow To the U.S. Dollar!!!
Tuesday, December 27, 2011
Gerald Celente: Money Junkies and The Coming "Bank Holiday"
Anonymous - #OpB: AMERICA IS IN DANGER!
BREAKING -- Senate just approved #NDAA 86-13, exactly 220 years to the date after the Bill of Rights was ratified.
AMERICAN FREEDOM ALERT - CODE RED!
The Government has committed TREASON against you! Will you sit and watch while your freedoms are taken away? Or will you walk out your door and fight for your rights? THE CHOICE IS YOURS. THE LATTER IS BEST.
Gather an army of people. Flood the streets. If police gives you violence, give them tenfold of that. OCCUPATIONS ARE OVER. REAL REVOLUTION IS HERE. THE FORMER UNITED STATES GOVERNMENT SHALL BE DESTROYED! Read more.....
Saturday, December 24, 2011
Welcome to the United Food Stamps of America and the Greatest Depression.
Will The Coming Economic Collapse Tear America Apart!
Friday, December 23, 2011
If you work to earn money you need to watch this
The end of the dollar standard
It’s China’s World. We Just Live in It,” Fortune announced in October 2009. The accompanying article described a prospecting trip in Africa by officials of the China National Offshore Oil Corporation. Nigeria was renewing production licenses in its oil fields, and CNOOC was aiming to elbow aside such traditional players as Exxon Mobil and Royal Dutch Shell. “The Beijing-based company wants to secure no less than one-sixth of the African nation’s production,” the article asserted. “And CNOOC, apparently, isn’t screwing around.” China’s sudden appearance distressed the existing licensees but delighted the Nigerians. “We love this kind of competition,” a spokesman for the government said.
The Fortune piece went on to describe other properties the Chinese were snapping up. Just the previous month the China Investment Corporation, the government’s sovereign wealth fund, had spent a billion dollars on a minority stake in a Kazakhstan oil and gas company. About the same time the CIC paid $850 million for part of a Hong Kong trading firm. The China Development Bank floated Brazil a $10 billion loan to underwrite exploration off the South American coast. “So far this decade,” the Fortune correspondent recounted breathlessly, “China has spent an estimated $115 billion on foreign acquisitions. Now that the nation is sitting on massive foreign-exchange wealth ($2.1 trillion and counting), it is eager to find something (anything!) to invest in besides U.S. Treasury debt.” Read more.......
Thursday, December 22, 2011
An Economic Storm is approaching -- Crisis begins in 2011 and worsens in 2012 to Economic
America’s lost economic decade
Food pantries picked over. Incomes drying up. Shelters bursting with the homeless. Job seekers spilling out the doors of employment centers. College grads moving back in with their parents. The angry and disillusioned filling the streets.
Pan your camera from one coast to the other, from city to suburb to farm and back again, and you’ll witness scenes like these. They are the legacy of the Great Recession, the Lesser Depression, or whatever you choose to call it.
In recent months, a blizzard of new data, the hardest of hard numbers, has laid bare the dilapidated condition of the American economy, and particularly of the once-mighty American middle class. Each report sparks a flurry of news stories and pundit chatter, but never much reflection on what it all means now that we have just enough distance to look back on the first decade of the twenty-first century and see how Americans fared in that turbulent period.
And yet the verdict couldn’t be more clear-cut. For the American middle class, long the pride of this country and the envy of the world, the past 10 years were a bust. A washout. A decade from hell.
Paychecks shrank. Household wealth melted away like so many sandcastles swept off by the incoming tide. Poverty spiked, swallowing an ever-greater share of the population, young and old. “This is truly a lost decade,” Harvard University economist Lawrence Katz said of these last years. “We think of America as a place where every generation is doing better, but we’re looking at a period when the median family is in worse shape than it was in the late 1990s.”
Poverty Swallows America Not even a full year has passed and yet the signs of wreckage couldn’t be clearer. It’s as if Hurricane Irene had swept through the American economy. Consider this statistic: between 1999 and 2009, the net jobs gain in the American workforce was zero. In the six previous decades, the number of jobs added rose by at least 20 percent per decade. Read more....
Wednesday, December 21, 2011
Wake Up America! 10 Very Obvious Reasons Why The Devastating U.S. Jobs Famine Is Going To Suck The Hope Right Out Of America
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Something has got to be done. Unemployment is already at epidemic levels, and this country can't afford for things to get much worse. Just check out how a recent article in The Wall Street Journal summarized our current predicament....
There are more unemployed than the combined populations of Wyoming, Vermont, North Dakota, Alaska, South Dakota, Delaware, Montana, Rhode Island, Hawaii, Maine, New Hampshire, Idaho and the District of Columbia.
If they were a country, the 13.9 million unemployed Americans would be the 68th largest country in the world, bigger than the population of Greece or Portugal (each of which has 10.8 million people) and more than twice the population of Norway (4.7 million.)
Isn't that incredible?
The number of unemployed Americans is larger than the entire population of Greece.
There are millions of Americans that will be sitting at home in front of their televisions tonight wondering why they can't find jobs. Last month, only 58.1% of Americans over the age of 16 were employed. Our economy should be able to do far better than that.
All over the Internet there are stories of people that have sent out hundreds (or even thousands) of resumes and nobody even wants to interview them. One recent survey found that approximately 80 percent of all Americans believe that it is "difficult" to find a job right now. Unfortunately, things are going to get much, much worse before all this is over.
The following are 10 very obvious reasons why the devastating U.S. jobs famine is going to suck the hope right out of America....
#1 Our politicians simply do not care that America is bleeding jobs. Amazingly, even with rampant unemployment plaguing this nation, Obama administration officials continue to declare that it is okay that we are losing manufacturing jobs because a lot of cheaper products are things that "we don't want to make in America" anyway. The following is what U.S. Trade Representative Ron Kirk told Tim Robertson of the Huffington Post the other day.... Read more.......
In USA, Health Care a Privilege, Not a Right
No matter which way the US debate over health care goes, medical services will still cost too much and care for too few. Over 45 million Americans are uninsured or underinsured. Those living in poverty exhibit the worst health status. Employment, education, income, and race are important factors in a person's ability to acquire healthcare access. Having established that there are people lacking healthcare access due to multi-factorial etiologies, the question arises as to whether the intervention necessary to assist them in obtaining such access should be considered a privilege, or a right. The right to healthcare access is examined from the perspective of Western thought. Read more......
Tuesday, December 20, 2011
6 Big GOP Lies About The Economy
Is Social Security a Ponzi scheme as Republican Presidential candidate Rick Perry claims? Noted author and former U.S. Labor Secretary Robert Reich debunks that claim and five other lies the right-wing tells about taxes, government and the economy.The lies Reich debunks:
1) Tax cuts to the rich and corporations trickle down to the rest of us. (No it doesn't and it never has.)
2) If you shrink government you create jobs. (No, you get rid of jobs that way.)
3) High taxes on the rich hurts the economy. (No, the economy grew when the US did this under Eisenhower.)
4) Debt is to be avoided and it is mostly caused by Medicare. (No, if debt is properly used to grow the economy, it becomes a smaller part of the budget because of increased revenue and Medicare has the lowest overhead of any health insurance plan out there.) Read more........
The Worst Steward of the Economy in American History
While the debt ceiling dance continues in Washington D.C. and the Republicans in the Senate are going wobbly, they need to understand they are dealing not only with an intransigent party in the White House but also someone that is the most incompetent president in modern history, and the worst steward of the American economy since the nation's founding.
The Obama sycophants often resort to the White House pre-packaged line that Obama inherited the worst economy since the Great Depression, as a means of deflecting responsibility onto George Bush. Like so many of the emanations from this administration that too is a fabrication. As side-by-side comparison of circumstances inherited by Reagan and Obama is as follows:
Among the factors that reflect the tale of the two presidencies is the price of gold.
Recently the price of gold reached $1,609.00 per ounce. While this is an historic high in terms of raw dollars, it is not the high insofar as inflation-adjusted price. That came on January 21, 1980 when gold reached $850.00 per ounce; however adjusted to 2011 that price is the equivalent of $2,328.00.
Gold prices often are a bellwether and commentary on the foibles and successes of those in power in the United States, as the dollar is the de facto global reserve currency and America has been the dominant economic and military power since World War II.
In 1980, when gold prices set the record, the United States was in the throes of a recession with annual inflation running at 13.5%, the unemployment rate was 7.5%; the annual GDP growth was a minus 0.27%, and the bank prime interest rate was over 18.5%. The flight to gold was overwhelming as no one had any confidence in the policies of Carter and the Democrats in Congress.
That was the landscape of the country when Ronald Reagan assumed office in January of 1981.
The job facing Reagan was the most daunting since the Great Depression -- and far worse than what Barack Obama inherited in 2009 -- as the combination of extreme inflation (the highest annual rate in the nation's modern history), unemployment (which peaked at 10.8% in 1982), and virtually no one able to pay the exorbitant bank interest rates were major obstacles that had to be overcome in order to revitalize the economy. The price of gold reflected that dilemma.
However markets react not only to the actual circumstances at hand but to confidence in leaders and what is perceived as future positive or negative factors. Because of Reagan's policy pronouncements and belief in the free markets combined with the passage of his economic growth agenda, by the end of his first 12 months in office the price of gold had declined to $377.50 per ounce (equivalent of $936.78 today). This remarkable drop of nearly 60% from the previous all-time peak just 24 months before came about despite the fact that America was still in the throes of excessive (but declining) inflation and extremely high unemployment.
By August 1983 (28 months into President Reagan's first term) the price of gold was at $401.75 or $910.48 per ounce in 2011 dollars (down 61% from 1980 peak). Inflation had been reduced to 3.2% (from 13.5%); the unemployment rate was at 9.2% (down from a high of 10.8% in November of 1982); annual GDP growth in 1983 was 4.52%, the highest in the previous four years. In the final year of Reagan's first term GDP grew by an astounding 7.19% and the unemployment rate had been reduced to 7.6%). Yet the average annual federal government budget deficit over those years was kept at 4.2% of GDP despite the overwhelming debacle facing the country in 1980-81.
The contrast between Ronald Reagan's first term and that of Barack Obama is stark and indicates a deliberate effort by the current president to destroy the American economy as he will have added over $5.5 trillion to the national debt in an effort to transform the United States into his vision of a socialist utopia. By comparison Reagan added $1.35 trillion (inflation adjusted to 2011) over his first term while saving the American economy.
Yet many Republican Senators are willing to accede to political considerations in granting Obama his wishes regarding a massive increase in the debt ceiling and raising taxes coupled with vague promises of future spending cuts. Instead of listening to the American people many are allowing themselves to be intimidated by the president, the Democrats in Congress, and a media who view the current debt ceiling debate as a sporting event while openly cheerleading for their team. Rather than take the matches away from a pyromaniac, they are predisposed to hand him a flaming torch to complete the job.
Twenty-eight months into the term of Barack Obama the scene is considerably different. Gold was priced at $849.00 per ounce on Inauguration Day (January 20, 2009); today it has nearly doubled (95%) to $1,609.00.
The other Obama failures: Unemployment was at 7.6%, today 9.2% (if calculated as in the early 80's the rate today would be over 10.5%). Annual GDP growth will be between 1.5 and 1.75% in 2011. All current estimates conclude that the final year of Obama's term will show a GDP growth of less than 2.2% and unemployment still around 8.8 to 9.0%. But most devastating of all, the annual federal budget deficit has averaged nearly 10% of GDP (double the worst single year from 1947 to 2008).
Additionally, the financial crisis of 2008 had been mitigated by the actions of George W. Bush (TARP et al) prior to Obama assuming office and the recession was declared over by June of 2006, just 5 months after inauguration. On the other hand the recession in play when Reagan became president was in its early stages and did not officially end until November 1982, 22 months after inauguration.
It has been debated whether Jimmy Carter or Barack Obama is the epitome of incompetence in modern U.S. history. While Carter made myriad mistakes and was in over his head, he did not put the country in an untenable position regarding its future. Obama has. Post-Obama America has a questionable ability to financially overcome severe economic downturns; there is a very real possibility that the dollar will no longer be the world reserve currency -- a disaster for the American consumer.
When Carter left office, the Gross Federal Debt as a percent of GDP was 33% (he never recorded an annual deficit higher than 2.65% of GDP). When George W. Bush left office the debt to GDP ratio was 69% (his highest annual deficit was 3.48% of GDP). On the other hand, by the end of the Obama term the debt will be nearly 100% of GDP (the annual budget deficit in 2011 is projected to be 11% of GDP).
The United States as a nation is 222 years old, yet over one-third of the nation's debt will have been accumulated by Barack Obama in just four years.
Read more: http://www.americanthinker.com/2011/07/the_worst_steward_of_the_economy_in_american_history.html#ixzz1h8jqsxyp
The Obama sycophants often resort to the White House pre-packaged line that Obama inherited the worst economy since the Great Depression, as a means of deflecting responsibility onto George Bush. Like so many of the emanations from this administration that too is a fabrication. As side-by-side comparison of circumstances inherited by Reagan and Obama is as follows:
Among the factors that reflect the tale of the two presidencies is the price of gold.
Recently the price of gold reached $1,609.00 per ounce. While this is an historic high in terms of raw dollars, it is not the high insofar as inflation-adjusted price. That came on January 21, 1980 when gold reached $850.00 per ounce; however adjusted to 2011 that price is the equivalent of $2,328.00.
Gold prices often are a bellwether and commentary on the foibles and successes of those in power in the United States, as the dollar is the de facto global reserve currency and America has been the dominant economic and military power since World War II.
In 1980, when gold prices set the record, the United States was in the throes of a recession with annual inflation running at 13.5%, the unemployment rate was 7.5%; the annual GDP growth was a minus 0.27%, and the bank prime interest rate was over 18.5%. The flight to gold was overwhelming as no one had any confidence in the policies of Carter and the Democrats in Congress.
That was the landscape of the country when Ronald Reagan assumed office in January of 1981.
The job facing Reagan was the most daunting since the Great Depression -- and far worse than what Barack Obama inherited in 2009 -- as the combination of extreme inflation (the highest annual rate in the nation's modern history), unemployment (which peaked at 10.8% in 1982), and virtually no one able to pay the exorbitant bank interest rates were major obstacles that had to be overcome in order to revitalize the economy. The price of gold reflected that dilemma.
However markets react not only to the actual circumstances at hand but to confidence in leaders and what is perceived as future positive or negative factors. Because of Reagan's policy pronouncements and belief in the free markets combined with the passage of his economic growth agenda, by the end of his first 12 months in office the price of gold had declined to $377.50 per ounce (equivalent of $936.78 today). This remarkable drop of nearly 60% from the previous all-time peak just 24 months before came about despite the fact that America was still in the throes of excessive (but declining) inflation and extremely high unemployment.
By August 1983 (28 months into President Reagan's first term) the price of gold was at $401.75 or $910.48 per ounce in 2011 dollars (down 61% from 1980 peak). Inflation had been reduced to 3.2% (from 13.5%); the unemployment rate was at 9.2% (down from a high of 10.8% in November of 1982); annual GDP growth in 1983 was 4.52%, the highest in the previous four years. In the final year of Reagan's first term GDP grew by an astounding 7.19% and the unemployment rate had been reduced to 7.6%). Yet the average annual federal government budget deficit over those years was kept at 4.2% of GDP despite the overwhelming debacle facing the country in 1980-81.
The contrast between Ronald Reagan's first term and that of Barack Obama is stark and indicates a deliberate effort by the current president to destroy the American economy as he will have added over $5.5 trillion to the national debt in an effort to transform the United States into his vision of a socialist utopia. By comparison Reagan added $1.35 trillion (inflation adjusted to 2011) over his first term while saving the American economy.
Yet many Republican Senators are willing to accede to political considerations in granting Obama his wishes regarding a massive increase in the debt ceiling and raising taxes coupled with vague promises of future spending cuts. Instead of listening to the American people many are allowing themselves to be intimidated by the president, the Democrats in Congress, and a media who view the current debt ceiling debate as a sporting event while openly cheerleading for their team. Rather than take the matches away from a pyromaniac, they are predisposed to hand him a flaming torch to complete the job.
Twenty-eight months into the term of Barack Obama the scene is considerably different. Gold was priced at $849.00 per ounce on Inauguration Day (January 20, 2009); today it has nearly doubled (95%) to $1,609.00.
The other Obama failures: Unemployment was at 7.6%, today 9.2% (if calculated as in the early 80's the rate today would be over 10.5%). Annual GDP growth will be between 1.5 and 1.75% in 2011. All current estimates conclude that the final year of Obama's term will show a GDP growth of less than 2.2% and unemployment still around 8.8 to 9.0%. But most devastating of all, the annual federal budget deficit has averaged nearly 10% of GDP (double the worst single year from 1947 to 2008).
Additionally, the financial crisis of 2008 had been mitigated by the actions of George W. Bush (TARP et al) prior to Obama assuming office and the recession was declared over by June of 2006, just 5 months after inauguration. On the other hand the recession in play when Reagan became president was in its early stages and did not officially end until November 1982, 22 months after inauguration.
It has been debated whether Jimmy Carter or Barack Obama is the epitome of incompetence in modern U.S. history. While Carter made myriad mistakes and was in over his head, he did not put the country in an untenable position regarding its future. Obama has. Post-Obama America has a questionable ability to financially overcome severe economic downturns; there is a very real possibility that the dollar will no longer be the world reserve currency -- a disaster for the American consumer.
When Carter left office, the Gross Federal Debt as a percent of GDP was 33% (he never recorded an annual deficit higher than 2.65% of GDP). When George W. Bush left office the debt to GDP ratio was 69% (his highest annual deficit was 3.48% of GDP). On the other hand, by the end of the Obama term the debt will be nearly 100% of GDP (the annual budget deficit in 2011 is projected to be 11% of GDP).
The United States as a nation is 222 years old, yet over one-third of the nation's debt will have been accumulated by Barack Obama in just four years.
Read more: http://www.americanthinker.com/2011/07/the_worst_steward_of_the_economy_in_american_history.html#ixzz1h8jqsxyp
Monday, December 19, 2011
Americans' Biggest Financial Worry is: Lack of Retirement Funds
More Americans are worried about not having enough money for retirement (66%) than are worried about seven other financial matters Gallup asked about. Majorities of Americans, however, are also very or moderately worried about not being able to pay medical costs for a serious illness or accident and about not being able to maintain their standard of living.For many Americans, the golden years are quickly taking on a tin-like hue. After a vicious decade of no growth for the stock market, including two 401(k)-eating bear markets and persistently sky-high unemployment, more Americans are finding themselves in their 50s and 60s with practically no money saved for retirement.
But financial stress isn't limited to the cost of filling the gas tank, according to Gallup. In fact, when Gallup asked around 1,000 adults this April how they felt about some of the most common financial worries, it was the least immediate concern that topped the list: retirement.
While all kinds of debt are posing problems for people, including auto and credit card debt, mortgages are the “big problem,” as 39% of households with heads aged 60 through 64 had primary mortgages in 2010, and 20% had secondary mortgages, including home-equity lines, according to research group Strategic Business Insights’ Macro Monitor. Read more......
Abrupt Economic Collapse - The Time Draws Near
The ability to prepare is soon drawing to a close. Do not find yourself unprepared and in the middle of the deluge and anarchy that will unfold. The most important preparation is your mind. Think things through and work diligently in preparing to meet the coming challenges. Your destiny is in your hands. Read more......
European Banks Downgraded - Global Depression Coming?
5 major European banks in (including institutions in France, Denmark, the Netherlands and Finland) were downgraded by Fitch Ratings. The Young Turks host Cenk Uygur explains the potential implications. Watch the video.....
Americans Worry Most about Economy, Jobs
Americans name the economy and unemployment/jobs as the most important problems facing the nation, as they have all year, according to July 2011 Gallup data. The deficit comes in third as the top problem, followed by dissatisfaction with government in general, healthcare, and concerns about wars.
While the percentages of Americans naming the economy (31%) and jobs (27%) as the top problem are similar, there is a steep dropoff in the percentage naming the deficit (16%), which is roughly half the percentage naming the economy and only about 60% as many as are naming the deficit.
Top 3 Problems Remain Consistent Since March
The economy, unemployment/jobs, and the federal deficit/debt are the top three specific problems Americans have mentioned since March 2011, although to varying degrees. The current 16% mention of the deficit/debt is up slightly from May and June, but essentially the same as April’s 17%.
Meanwhile, the percentage of Americans naming jobs as the top problem has been on the rise since the recent low point of 19% April, rising 42% to 27% in July, and is back to where it was in March.
Gas, Healthcare Concern Fewer
Top 3 Problems Remain Consistent Since March
The economy, unemployment/jobs, and the federal deficit/debt are the top three specific problems Americans have mentioned since March 2011, although to varying degrees. The current 16% mention of the deficit/debt is up slightly from May and June, but essentially the same as April’s 17%.
Meanwhile, the percentage of Americans naming jobs as the top problem has been on the rise since the recent low point of 19% April, rising 42% to 27% in July, and is back to where it was in March.
Gas, Healthcare Concern Fewer
The percentage of Americans mentioning gas prices as the top problem peaked at a relatively low 8% in May, despite the rise in gas prices this year to $4 a gallon or more in some places. In June 2008, when gas prices also spiked, the percentage mentioning them as the top problem rose to 25%.
Mentions of healthcare have been lower during the last five months, remaining in the single digits, after reaching 16% in February. Mentions of dissatisfaction with government have been slightly lower in the past three months than earlier this year.
Almost 9 in 10 Say Now Is Not Good Time to Find Quality Job
Americans’ emphasis on the economy and jobs as the top problem facing the nation is underscored by their responses to a separate monthly question from Gallup that asks if now is a “good time or a bad time to find a quality job.”
Ten percent of Americans in July say now is a good time to find a quality job, leaving 88% who say it is not, the highest since October 2010, and within two points of the all-time high of 90% reached several times in the last three years. Four years ago, in July 2007, 50% said it was not a good time to find a quality job, while 43% said it was.
Pew: Economic Expectations Worsen
Positive expectations regarding future economic conditions, which remained high even during the depths of the recession, have declined and now stand at their lowest point since mid-2008, according to June 2011 data from the Pew Research Center. Twenty-nine percent of US adults expect that economic conditions will be better a year from now while 23% say things will be worse, the respective lowest and highest percentages giving these answers since July 2008 (30% and 21%).
About the Data: Results for this Gallup poll are based on telephone interviews conducted July 7-10, 2011, with a random sample of 1,016 national adults, aged 18 and older, living in all 50 U.S. states and the District of Columbia.
Source: http://www.marketingcharts.com/direct/americans-worry-most-about-economy-jobs-18416/
Mentions of healthcare have been lower during the last five months, remaining in the single digits, after reaching 16% in February. Mentions of dissatisfaction with government have been slightly lower in the past three months than earlier this year.
Almost 9 in 10 Say Now Is Not Good Time to Find Quality Job
Americans’ emphasis on the economy and jobs as the top problem facing the nation is underscored by their responses to a separate monthly question from Gallup that asks if now is a “good time or a bad time to find a quality job.”
Ten percent of Americans in July say now is a good time to find a quality job, leaving 88% who say it is not, the highest since October 2010, and within two points of the all-time high of 90% reached several times in the last three years. Four years ago, in July 2007, 50% said it was not a good time to find a quality job, while 43% said it was.
Pew: Economic Expectations Worsen
Positive expectations regarding future economic conditions, which remained high even during the depths of the recession, have declined and now stand at their lowest point since mid-2008, according to June 2011 data from the Pew Research Center. Twenty-nine percent of US adults expect that economic conditions will be better a year from now while 23% say things will be worse, the respective lowest and highest percentages giving these answers since July 2008 (30% and 21%).
About the Data: Results for this Gallup poll are based on telephone interviews conducted July 7-10, 2011, with a random sample of 1,016 national adults, aged 18 and older, living in all 50 U.S. states and the District of Columbia.
Source: http://www.marketingcharts.com/direct/americans-worry-most-about-economy-jobs-18416/
America's 10 Poorest States
The U.S. Census Bureau released two pieces of widely followed data Tuesday — one on poverty and the other on median income for 2010. The most interesting findings in this release were the state-by-state figures, especially when compared to national averages. A closer look at the statistics shows that a relatively small number of states suffer such widespread levels of low income and poverty that they skew the national numbers downward.
The national poverty rate last year was 15.1%. That is up from 11.3% in 2000 and is the highest it has been since 1993. Over 46 million people lived below the poverty line in 2010. The cut-off for that line is households of four people who made under $22,314. The other troubling news was that median income per household nationwide was an inflation-adjusted $49,445. This is about the same as in 1989 and down 2.3% from 2009. Economists fear that Americans are not consumers. It is easy to tell why when their real income has been frozen in place for more than two decades.
10. North Carolina
Median income: $43,275
Poverty rate: 16.1% (tied for 9th highest)
Without health insurance: 16.7% (13th highest)
Unemployment: 10.1% (9th highest) Read more........
The national poverty rate last year was 15.1%. That is up from 11.3% in 2000 and is the highest it has been since 1993. Over 46 million people lived below the poverty line in 2010. The cut-off for that line is households of four people who made under $22,314. The other troubling news was that median income per household nationwide was an inflation-adjusted $49,445. This is about the same as in 1989 and down 2.3% from 2009. Economists fear that Americans are not consumers. It is easy to tell why when their real income has been frozen in place for more than two decades.
10. North Carolina
Median income: $43,275
Poverty rate: 16.1% (tied for 9th highest)
Without health insurance: 16.7% (13th highest)
Unemployment: 10.1% (9th highest) Read more........
Sunday, December 18, 2011
World Dollar Collapse
how to prepare for Economic Collapse using gold as currency this how we can beat the fed at their own game protect yourself and make extra money at the same time follow the link and open a free account no obligation, this is one of the greatest opportunities!! Read more.......
President Obama Speaks On College Affordability
President Obama announces a proposal that will lower monthly student loan payments for 1.6 million students next year. Read more.....
The U.S. National Debt and How It Got So Big
The U.S. debt is over $14.5 trillion, and is the sum of all outstanding debt owed by the Federal Government. Nearly two-thirds is the public debt, which is owed to the people, businesses and foreign governments who bought Treasury bills, notes and bonds.
The rest is owed by the government to itself, and is held as Government Account securities. Most of this is owed to Social Security and other trust funds, which were running surpluses. These securities are a promise to repay these funds when Baby Boomers retire over the next 20 years.
The Size of the U.S. Debt:
The U.S. debt is the largest in the world. How did it get so large? Purchasers of Treasury bills still reasonably expect the U.S. economy to recover enough to pay them back. For foreign investors like China and Japan, the U.S. is such a large customer it is allowed to run a huge tab so it will keep buying exports. (Source: CIA World Factbook)
Even before the economic crisis, the U.S. debt grew 50% between 2000-2007, ballooning from $6-$9 trillion. The $700 billion bailout helped the debt grow to $10.5 trillion by December 2008.
The U.S. Debt Level:
The debt level is the debt as a percent of the total country's production, or GDP, which was $14.7 trillion in 2010. The debt nearly 100% of GDP, up from 51% in 1988.
Interest on the debt was $414 billion in Fiscal Year 2010, higher than the $383 billion in FY 2009, but lower than its peak of $451 billion in FY 2008. That's because of lower interest rates. The interest on the debt is the fifth largest Federal budget item, after Defense and Security spending ($890 billion), Social Security ($730 billion) and Medicare ($490 billion). (Source: U.S. Treasury, Interest)
How Did the Debt Get So Large?:
Government debt is an accumulation of budget deficits. Year after year, the government cut taxes and increased spending. In the short run, the economy and voters benefited from deficit spending. Usually, however, holders of the debt want larger interest payments to compensate for what they perceive as an increasing risk that they won't be repaid. This added interest payment expense usually forces a government to keep debt within reasonable limits.
The U.S. also has a debt ceiling, which attempts to limit the debt. However, Congress usually raises the ceiling to prevent the negative consequences of a debt default.
The most recent budget forecast from the Office of Management and Budget (OMB) showed the FY 2011 budget deficit at $1.3 trillion, more than the $1.17 trillion deficit for FY 2010, but down from the $1.7 trillion deficit for FY 2009. This was a result of the economic stimulus package, the 2008 government bailout measures and the roughly $800 billion a year defense/security spending. The deficit is also caused by reduced income from the recession, as well as the EGTRRA and JGTRRA tax cuts and the Alternative Minimum Tax patch.
The U.S., however, has been the beneficiary of two unusual factors. First, the Social Security Trust Fund took in more revenue through payroll taxes leveraged on Baby Boomers than it needed. Ideally, this money should have been invested to be available when the Boomers retire. In reality, the Fund was "loaned" to the government to finance increased deficit spending. This interest-free loan helped keep Treasury Bond interest rates low, allowing more debt financing. However, it's not really a loan, since it can only be repaid by increased taxes when the Boomers do retire.
Second, foreign countries increased their holdings of Treasury Bonds as a safe haven, also keeping interest rates low. These holdings went from 13% in 1988 to 31% in 2011. During the recession, countries like China and Japan increased their holdings of Treasuries to keep their currencies low relative to the dollar. Even though China warns the U.S. to lower its debt, it keeps buying more Treasuries. For more, see How China Affects the U.S. Economy.
Of the total foreign holdings ($4.49 trillion), China owns $1.1 trillion and Japan owns $900 billion. The U.K. owns $300 billion, while Brazil, the oil exporting countries, Hong Kong, Russia and Canada own between $100-$280 billion each. The Bureau of International Settlements suspects that much of the holdings by Belgium, Caribbean Banking Centers and Luxembourg are fronts for more oil-exporting countries, or hedge funds, that do not wish to be identified. (Source: Foreign Holding of U.S. Treasury Securities, April 2011; U.S. Treasury report ”Petrodollars and Global Imbalances”, February 2006)
How The U.S. Debt Affects the Economy:
Over the next 20 years, the Social Security funds must be paid back as the Baby Boomers retire. Since this money has been spent, resources need to be identified to repay this loan. That would mean higher taxes, since the high U.S. debt rules out further loans from other countries. Unfortunately, it's most likely that these benefits will be curtailed, either to retirees younger than 70, or to those who are high income and therefore theoretically don't need Social Security.
Second, many of the foreign holders of U.S. debt are investing more in their own economies. Over time, diminished demand for U.S. Treasuries could increase interest rates, thus slowing the economy. Furthermore, anticipation of this lower demand puts downward pressure on the dollar. That's because dollars, and dollar-denominated Treasury Securities, may become less desirable, so their value declines. As the dollar declines, foreign holders get paid back in currency that is worth less, which further decreases demand.
The bottom line is that the large Federal debt is like driving with the emergency brake on, further slowing the U.S. economy.
Source: http://useconomy.about.com/od/fiscalpolicy/p/US_Debt.htm
The rest is owed by the government to itself, and is held as Government Account securities. Most of this is owed to Social Security and other trust funds, which were running surpluses. These securities are a promise to repay these funds when Baby Boomers retire over the next 20 years.
The Size of the U.S. Debt:
The U.S. debt is the largest in the world. How did it get so large? Purchasers of Treasury bills still reasonably expect the U.S. economy to recover enough to pay them back. For foreign investors like China and Japan, the U.S. is such a large customer it is allowed to run a huge tab so it will keep buying exports. (Source: CIA World Factbook)
Even before the economic crisis, the U.S. debt grew 50% between 2000-2007, ballooning from $6-$9 trillion. The $700 billion bailout helped the debt grow to $10.5 trillion by December 2008.
The U.S. Debt Level:
The debt level is the debt as a percent of the total country's production, or GDP, which was $14.7 trillion in 2010. The debt nearly 100% of GDP, up from 51% in 1988.
Interest on the debt was $414 billion in Fiscal Year 2010, higher than the $383 billion in FY 2009, but lower than its peak of $451 billion in FY 2008. That's because of lower interest rates. The interest on the debt is the fifth largest Federal budget item, after Defense and Security spending ($890 billion), Social Security ($730 billion) and Medicare ($490 billion). (Source: U.S. Treasury, Interest)
How Did the Debt Get So Large?:
Government debt is an accumulation of budget deficits. Year after year, the government cut taxes and increased spending. In the short run, the economy and voters benefited from deficit spending. Usually, however, holders of the debt want larger interest payments to compensate for what they perceive as an increasing risk that they won't be repaid. This added interest payment expense usually forces a government to keep debt within reasonable limits.
The U.S. also has a debt ceiling, which attempts to limit the debt. However, Congress usually raises the ceiling to prevent the negative consequences of a debt default.
The most recent budget forecast from the Office of Management and Budget (OMB) showed the FY 2011 budget deficit at $1.3 trillion, more than the $1.17 trillion deficit for FY 2010, but down from the $1.7 trillion deficit for FY 2009. This was a result of the economic stimulus package, the 2008 government bailout measures and the roughly $800 billion a year defense/security spending. The deficit is also caused by reduced income from the recession, as well as the EGTRRA and JGTRRA tax cuts and the Alternative Minimum Tax patch.
The U.S., however, has been the beneficiary of two unusual factors. First, the Social Security Trust Fund took in more revenue through payroll taxes leveraged on Baby Boomers than it needed. Ideally, this money should have been invested to be available when the Boomers retire. In reality, the Fund was "loaned" to the government to finance increased deficit spending. This interest-free loan helped keep Treasury Bond interest rates low, allowing more debt financing. However, it's not really a loan, since it can only be repaid by increased taxes when the Boomers do retire.
Second, foreign countries increased their holdings of Treasury Bonds as a safe haven, also keeping interest rates low. These holdings went from 13% in 1988 to 31% in 2011. During the recession, countries like China and Japan increased their holdings of Treasuries to keep their currencies low relative to the dollar. Even though China warns the U.S. to lower its debt, it keeps buying more Treasuries. For more, see How China Affects the U.S. Economy.
Of the total foreign holdings ($4.49 trillion), China owns $1.1 trillion and Japan owns $900 billion. The U.K. owns $300 billion, while Brazil, the oil exporting countries, Hong Kong, Russia and Canada own between $100-$280 billion each. The Bureau of International Settlements suspects that much of the holdings by Belgium, Caribbean Banking Centers and Luxembourg are fronts for more oil-exporting countries, or hedge funds, that do not wish to be identified. (Source: Foreign Holding of U.S. Treasury Securities, April 2011; U.S. Treasury report ”Petrodollars and Global Imbalances”, February 2006)
How The U.S. Debt Affects the Economy:
Over the next 20 years, the Social Security funds must be paid back as the Baby Boomers retire. Since this money has been spent, resources need to be identified to repay this loan. That would mean higher taxes, since the high U.S. debt rules out further loans from other countries. Unfortunately, it's most likely that these benefits will be curtailed, either to retirees younger than 70, or to those who are high income and therefore theoretically don't need Social Security.
Second, many of the foreign holders of U.S. debt are investing more in their own economies. Over time, diminished demand for U.S. Treasuries could increase interest rates, thus slowing the economy. Furthermore, anticipation of this lower demand puts downward pressure on the dollar. That's because dollars, and dollar-denominated Treasury Securities, may become less desirable, so their value declines. As the dollar declines, foreign holders get paid back in currency that is worth less, which further decreases demand.
The bottom line is that the large Federal debt is like driving with the emergency brake on, further slowing the U.S. economy.
Source: http://useconomy.about.com/od/fiscalpolicy/p/US_Debt.htm
Saturday, December 17, 2011
"The Real Threat to this World is Deflation and Depression"
Iran has issued a warning amidst rising tensions between itself, Israel and the united states, that if sanctions are leveled against the Persian nation, that oil would reach $250 a gallon. This is something that Wendy Sherman, undersecretary of state, warned about when harsh sanctions were passed by the senate last week. She said "there is absolutely a risk that in fact the pre ice of oil would go up, which would mean that Iran would in fact have more money to fuel its nuclear ambitions, not less." Is this an example of wrong-headed thinking by the US and the West? What good will this do if china is still buying Iranian oil? We ask economist Stephen Leeb what the effect of sanctions would be on the price of oil, and if this would actually work in Iran's favor. We also ask Dr. Leeb to comment on the similarities, or rather the differences, between the 1970's commodities and price inflation, and what we are facing in this decade. Will we see wage inflation, or will prices just increase for consumers, but stagnate for workers? Read more......
Friday, December 16, 2011
The Trouble With Billionaires
The glittering lives of billionaires may seem like a harmless source of entertainment. But such concentrated economic power reverberates throughout society, threatening the quality of life and the very functioning of democracy. It's no accident that the United States claims the most billionaires – but suffers among the highest rates of infant mortality and crime, the shortest life expectancy, as well as the lowest rates of social mobility and electoral political participation in the developed world.Those who make their living celebrating the lives of the rich were clearly delighted last month by the charity pledge from Bill Gates and Warren Buffet, since it showed what great guys billionaires really are.
So it wasn't surprising that Robert Frank, chronicler of the rich for the Wall Street Journal, took offense this week when we wrote a piece debunking the virtues of philanthropy.
Our piece was actually an excerpt from our new book, The Trouble with Billionaires, and philanthropy is just one of our targets.
Our piece was actually an excerpt from our new book, The Trouble with Billionaires, and philanthropy is just one of our targets.
Some billionaires, such as Leo J. Hindery Jr., have made this point themselves. Hindery, whose contribution was to found a cable television sports network, put it this way: "I think there are people, including myself at certain times in my career, who because of their uniqueness warrant whatever the market will bear." Similarly, Sanford Weill, long a towering figure on Wall Street, is impressed with the contributions of billionaires like himself: "People can look at the last 25 years and say that this is an incredibly unique period of time. We didn't rely on somebody else to build what we built..." Read more and watch the video.........
Good news on inflation
The Pulse is up today on news that inflation is not something Americans have to worry about over the holidays.The Labor Department announced that falling energy prices kept the Consumer Price Index flat in November. The CPI is a measure of the average change in prices over time of goods and services purchased by households, and it’s a big indicator of how economists measure inflation.
It’s not that prices are down. We actually spent more on food, doctor bills and clothes last month (actually, over the course of the last year, high cotton prices have driven the biggest gain since 1991 in what we pay for clothing). But when you factor in the decreasing cost of energy, the outlook gets rosier, at least in the near term.
Falling oil prices, driven in part by slowing growth in China and Europe’s economic woes, have experts optimistic that we’ll keep inflation at bay into the new year. Read more....
Currency Crash: 'No solution to crisis - too late to save euro'
The person essentially in charge of Europe's purse strings says there is no easy fix to the Eurozone's debt crisis and finding a solution will take years. German Chancellor Angela Merkel said the region needs a new financial union with stronger controls and debt regulations. Economic analyst Michael Mross, says he agrees with the EU monetary chief, who warned the Eurozone is running out of time to tackle its debt. Read more.......
Americans Are Becoming Desperate
It seems that more and more Americans are becoming desperate enough to steal scrap metal in order to survive this economy. With staggering unemployment figures at an all-time high; home foreclosures in the millions, and with little hope of ever achieving that “American Dream”, stealing scrap metal here and there to put food on their tables may be the only option left for some Americans.All over America today, desperate people are doing desperate things. As the economy continues to crumble, the American people are starting to become very frustrated. Millions have lost their homes and millions have lost their jobs. As hopelessness and despair rise, an increasing number of Americans are turning to crime or are lashing out in unpredictable ways. Many parts of America are rapidly turning into lawless hellholes. In some of the areas that have been the hardest hit by the declining economy, police forces are being severely cut back and desperate criminals are being given a lot of freedom to roam.
In fact, in some major cities (such as Oakland, California), the police have announced that there are certain types of crime that they will not even respond to any more. For a couple of decades, crime had been steadily declining in the United States, but now we are seeing very disturbing reports from all over the nation of desperate people doing desperate things as they scramble to survive or as they vent their frustrations. If the examples that you are about to read are any indication, then America is headed down a very dark path. Read more...
Thursday, December 15, 2011
Financial and economic experts on the coming depression
Oh, you do NOT believe the HEAVENLY MESSAGES on the coming financial and economic depression and chaos ?Well, belive at least the HUMAN FINANCIAL and ECONOMIC EXPERTS quoted underneath.
The lines given were taken from issues of 28th, 29th, 30th of June and July 2nd 2010 of THE MOST IMPORTANT NEWS, a news agency that daily sends out this type of headings, and much more.
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One New York Times columnist is declaring that we are heading into "the third depression".
The Wall Street "reform" bill has just encountered another set of roadblocks.
An article on Bloomberg's website says that 46 U.S. states are facing a "Greek style" financial crisis.
Andrew Roberts, the credit chief at RBS, is warning clients to prepare for "monster" money-printing by the U.S. Federal Reserve.
Federal regulators on Friday shut down banks in Florida, Georgia and New Mexico, lifting to 86 the number of U.S. bank failures this year.
Is the U.S. commercial real estate market about to implode?
Economists are warning that the decision by European governments to cut their budgets could send the entire globe into another recession.
Banks in the U.K. are being instructed to hoard cash in preparation for the next financial crisis.
World financial markets seem to sense that something really bad is coming.
Are public pension funds the next bubble to burst?
Cash machines that only dispense £5 notes regardless of how much money is withdrawn will soon be installed across Britain.
The Conference Board's Consumer Confidence Index declined sharply to 52.9 in June. Most economists had expected that the figure for June would be somewhere around 62.
John P. Hussman of Hussman Funds has issued a full-fledged recession warning.
French bank Societe Generale is forecasting that gold could reach $1,430 an ounce in the third quarter of this year due to fears of a double-dip recession.
Economist Nouriel Roubini says that Greece needs an orderly restructuring of its public debt to head off an "inevitable default".
The Bank for International Settlements is warning that Europe's banks have yet to come clean over bad loans and may struggle to refinance short-term debt unless the region's bond crisis subsides soon.
The Bank for International Settlements is also warning authorities across the developed world that they cannot rely on ultra-low interest rates to cushion the blow of austerity measures.
On Tuesday, the Dow Jones industrial average fell nearly 270 points to close below 10,000 for the first time since June 10.
The protests against the austerity measures being imposed on Greece continue to turn violent.
Analysts are warning that global bond markets are flashing warning signals of a sharp slowdown in growth across the world and a possible slide toward a double-dip recession and outright deflation.
In fact, it is being reported that bond traders all over the world are getting "deflation jitters".
Fears that government austerity packages will hinder global growth have combined with fresh anxiety about the health of European banks to hammer investor confidence in Europe.
A new United Nations report released on Tuesday calls for abandoning the U.S. dollar as the main global reserve currency.
According to a new poll, more than half of all Germans want to go back to the deutschmark.
Sam Zell, chairman of Equity Group Investments, told CNBC on Tuesday that the U.S. public sector is so big that the economy cannot support it and that it needs to be cut back.
Ambrose Evans-Pritchard is wondering if it is time to shut down the U.S. Federal Reserve.
The United Nations is predicting a global rise in food prices.
A new report released by the United Nations is publicly calling for the establishment of a world currency.
It turns out that shell-shocked American consumers still aren't buying anything.
All signs seem to continue to point to the fact that the U.S. economy is going to continue to struggle for the rest of 2010.
In early 2009, U.S. net national savings as a percentage of GDP went negative for the first time since 1952, and it has continued its downward trend since then.
Forbes has published an article with this stunning headline: "Why The Greater Depression Still Lies Ahead".
The National Association of Realtors said on Thursday that its seasonally adjusted index of sales agreements for previously occupied homes dropped 30 percent in May.
According to a long-term budget outlook released today by the non-partisan Congressional Budget Office, U.S. government debt will represent 62% of the nation's economy by the end of this year, the highest percentage since just after World War II.
This Spring, North American financial markets tumbled to their worst quarter since the fall of Lehman Brothers.
According to prepared testimony by Goldman Sachs Chief Operating Officer Gary Cohn, Goldman Sachs shorted roughly $615 million of the collateralized debt obligations and residential mortgage-backed securities the firm underwrote since late 2006.
Moody's announced on Wednesday that it may cut Spain's AAA local and foreign currency government bond ratings by as much as two levels after a three-month review.
New Video Punctures Myths about Great Depression, Exposes Damaging Impact of Statist Policies
I’ve commented many times about the misguided big-government policies of both Hoover and FDR, so I can say with considerable admiration that this new video from the Center for Freedom and Prosperity packs an amazing amount of solid info into about five minutes.Perhaps the most surprising revelation in the video, at least to everyone other than economic historians, is that America suffered a harsh depression after World War I, with GDP falling by a staggering 24 percent.
But we don’t read much about that downturn in the history books, in large part because it ended so quickly.
The key question, though, is why did that depression end quickly while the Great Depression dragged on for a decade?
One big reason for the different results is that markets were largely left unmolested in the 1920s. This meant resources could be quickly redeployed, minimizing the downturn.
But this doesn’t mean the crowd in Washington was completely passive. They did do something to help the economy recover. As Ms. Fields explains in the video, President Harding, unlike Presidents Hoover and Roosevelt, slashed government spending. Read more and watch the video.......
American Economy 101 - The Coming Depression
The scope of problems facing not only the USA but countries around the world are monumental. In the last 50 years or so much of what made countries great and fueled prosperity has changed. For developed countries like the USA the loss of middle-class manufacturing jobs has lead to a new reality, 1% of the people control the wealth and the rest are loosing ground. Young people especially are being impacted with many having to live home for longer, staying in school as jobs are scarce but also the ‘Baby Boomers’ are feeling it. Having to work longer, less money to live on leads to a hopeless feeling. Things are bad all over and with political parties, politicians playing power games, creating division, for which there is no end in sight, the prospect for the future is not a double dip recession but the ‘D’ word that no one seems to mention. Depression of the global economies. Read more....
Wednesday, December 14, 2011
Baby Boomers : Are they the cause of the economic crisis in America?
Baby Boomers : Are they the cause of the economic crisis in America? Are you a baby boomer? Are you having financial problems with the economic system and economic policies? Well, just know it could be a boomer or rather a whole baby boomer generation that is responsible for this economic state. Sure the government can be blamed for the housing bubble and much of this economic crisis but there could be more to it that isn’t anyone’s fault. Find out more.....
How President Obama Fascist Policies Will Make The Coming Greater Depression Worse
How President Obama fascist policies will make the deflation economy and coming GREATER DEPRESSION worse. Webster's New World Dictionary defines fascism as: A system of government characterized by rigid one-party dictatorship, forcible suppression of opposition, private enterprise under centralized governmental control, belligerent nationalism, racism and militarism, etc. See also NAZI - and defines Nazi as: ...Political party (National Socialist German Workers' Party) ... systematically eliminated opposition, and put into effect its program of nationalism... Note the word socialist! So, a socialist/Marxist can be a fascist. Obama wins the tripple crown.
Since all the political power is now in one party, the definition fits. The Democrats have control of both houses of congress and can pass any law they want. This has given President Obama fascist force to suppress opposition from the Republicans, the Tea Party, the Libertarians and the conservative independents. Most Americans are middle-of-the-road to conservative with only some 20 percent being true left-wing liberal. The President Obama fascist policies of beating up on the opposition. Like saying the Republicans drove the economy into a ditch. Bailing out the banksters and unions(GM's unions got to stay while investors were wiped out). Beating up on business (killing free enterprise and regulating and taxing the daylights out of those bad businesses making too much money with the audacity to create private sector jobs). Bringing big swaths of private enterprise under government mandate and control(think ObamaCare). Beating up on western countries for past and present colonialism (the west must pay dearly for ripping off the third worlds resources was Barack Obama Senior's socialistic dream but it's now our nightmare). More socialism (more government controls like cap-and-trade and all his other wealth redistribution and increased tax ideas. Your taxes will rise too. Yes, you! We will all pay and pay for this mountain of debt the progressives are hanging around the worlds neck. All governments are Keynesian these days. John Maynard Keynes advocated pumping downturns in the economy with stimulus money. The problem is stimulus creates violent whipsaw effects in the economy.
President Obama fascist policies aren't even missing militarism. He is the one that ramped up sending more troops into Afghanistan to appease the military industrial complex just after getting elected.
Racist? David Limbaugh's new book, Crimes Against Liberty says he is deeply racist. Obama spent years listening to his pastor Reverend Wright saying, "God d**m America."
The only thing missing from President Obama fascist policy is belligerent nationalism. The Obama administration has focused on "hitting the reset button" and avoiding the "arrogance of power." Consequently, his weak position is saying to the world -the United States was crucial in establishing a system of global inequalities and poverty by an undue privileged few. Is that more Marxist speak or what? Karl Marx wanted capitalism to fail. So does Obama. Russia, Iran, China and North Korea will just keep causing havoc because Obama will do nothing to stop them. Obama is helping bring on world war three.
Then there is his stupid bowing to third rate political heads of tiny nations. Why? Doesn't he know that is a sign of weakness. I say he is doing it on purpose. He is saying - thank you for giving me the Nobel Peace Prize and the one million dollars when I hadn't done anything to deserve it yet. The power elite bought and paid for their President Obama fascist first thing after his election. A down payment up front to their new not so secrete socialist agent for a one-world-government/new-world-order fascist future .
In the area of foreign policy, the President Obama fascist intent actually threatens our national security and leaves the world more open to terrorist attack. His policies are geared to hastening a crisis so that government's size and control can grow larger. Rahm Emanuel, Chief of Staff until he left the position on 10/1//2010 said, "A crisis is a terrible thing to waste." Why do you think Obama drug his feet and did virtually nothing for months in the Gulf Oil spill crisis?
The sinister message here is the Anglo American power elite will use every means to grow their new-world-order/big brother socialist fascist big government. Now in a disturbing turn of events the IMF, International Monetary Fund, headquartered in a 12 story building right on the corner of H Street and Pennsylvania Avenues in Washington D.C. is ramping up plans to be the world central banker of the G-20 nations and big brother us all to death. It blatantly plans to use "money as the medicine" to build "peace through economic stability." It's going to be cradle to grave control if we don't watch out. Total control of you and your children! Is that what you want? Watch out! The IMF is out for domination at warp speed. Forget about the World Bank and the United Nations. The IMF is trouble.
Obama is beating brother Israel up over it's Sinai settlements situation. He pulled planned Polish and Czech Republic missile defense systems first thing when he got into office - a slap to democratic nations freed from communist control by the old Soviet Union. He won't pressure Iran. They now have two nuclear installations. Obama's policy of doing nothing with Iran has made an Israeli strike more likely. Can you say World War Three!
He campaigned that he would stop the opium poppy growing in Afghanistan. Nope. Liar. Corruption and heroin money still buys guns to kill our own soldiers. It's still a fact of life. Poppies growing everywhere is bad karma. It's heroin for crying out loud. I also fault George W. Bush for not doing anything about this problem.
Obama is constantly subordinating American policy to international consensus like the socialistic World Bank and United Nations. A global cap-and-trade commission will be the next giant leap toward a one-world government and the loss of what is left of our FREEDOM.
Putin and Russia realize a nuclear bomb armed Iran is more of a problem to America. Huge Russian oil income and a history of unrelenting propaganda against the U.S. mean they will keep up the war with neighbors. With no peer pressure possible coming from a weak President Obama fascist foreign hidden agenda, we are in for more trouble. This is all leading into WORLD WAR THREE that started with the 9/11/2001 World Trade Center attack, according to Robert Prechter.
21st century American "Liberal Fascism" is a movement of the left leaning Democratic Party with a secondary smaller culprit the Republican Party. So far, there is no visible racism or cults. Let's be honest here. Fascism is when big business is fused at the hip with big government. Think Hitler and Mussolini. Obama has government owning 60 percent of General Motors or should I say Government Motors. Fascism!
Franklin D. Roosevelt's, New Deal experimentation, was patterned after Russian and German fascism. Both Hitler and Mussolini praised FDR. They had similar policies like the New Deal in effect such as: setting maximum work day hours and minimum wages, a progressive tax system, state run schools, control of money, the constant growth of government and the military controlled by those at the very top. FDR started us down the road to socialism leading to the next and worse depression. He even outlawed gold ownership and made up government jobs instead of lowering taxes which would have helped business create jobs that would last. Instead the jobs disappeared when the d**m dam or other government project was done. FDR and his (hair) brain trust even decided low prices were the problem. They sought to restrict supply by paying farmers subsidies not to grow or produce and thereby raise prices. Even though people were starving! We still have those farm supports and subsidies today. They were never repealed. What's up with that?
Leftist intellectuals saw the New Deal as a good thing. Likewise, the President Obama fascist facts are: Use the government to coerce people into preferred behavior. Use the environmentalist movement as a smokescreen for taking more control of the citizens and funding pet projects. Back a socialist health care movement taking 20% of a free economy and putting it under government control. Did our congress representing only 20 percent of the people do this without even reading (or writing for that matter) the 2,500 pages of the act? Wow! Now, that is an example of fascism. They don't care what the law says as long as it means more government control.
American progressive thinking has a fascist
mindset! "Enlightened" (anointed) leaders and technocrats like this Obama piece of work rejoice in taking away individual choice and the use of the power of the state to sway peoples moral and material well-being without even asking. The anti-messiah is here! We elected him to the highest office in the land! Every law, regulation, rule, code, ordinance, permit fee, fine, citation, ticket, tax, influence, politician, bureaucrat, ambassador, agency and even lobbyist behind the anti-capitalist push for socialism and wealth redistribution is in an unholy marriage with fascism when they reach these exorbitant levels. They are not following the CONSTITUTION. The new Republican platform says every law and act proposed will reference and point out the specific language in the Constitution enabling and validating it. YES! I'll believe it when I see it.
The Federal Reserve and many in both parties of your government are in on a new-world-order/one-world-government 100 year long conspiracy. They don't care how it's done or how long it takes. There I've said it. OUR FREEDOM FAVORING FOUNDING FATHERS would not believe what TYRANNY is going down. Read the book, THE CREATURE FROM JEKYLL ISLAND 1994, by G. Edward Griffin if you don't believe me. Banksters as big brother. Every word is true.
What we have today is one big "PRICE FIX! It's not FREEDOM. If you tell me what to do and back it up with the police power of penalty of jail time or fine you are "fixing the market." LIBERTY goes out the window and a little more fascism leaks in under the door. Of course, you get the increased prices, waste and and inefficiency of bigger and bigger government in the bargain. Government was only 6 percent of the economy before the 1930's depression. Here in the middle of a deflation economy leading into the GREATER DEPRESSION the parasite that is government at all levels sucks in over 25 percent of the wealth. Government employment was up 10% last year, while business unemployment rose 10%. Who is getting bigger and more top-heavy here? Where does it end? Where do you draw the line and get the nightmare to stop and reverse?
All this government has lead to a credit inflation mania blow off commensurate with a 96% loss of value of the money in 100 years time. A huge deflation economy and the GREATER DEPRESSION are the only cure for credit inflation. Even fiat money leading to inflation is a tax for gods sake. Credit inflations always end in a deflation economy and depression, by the way.
Let's just not abdicate more freedoms and let government get bigger in this depression.
Free markets and free money (private gold money - not government paper gold - ha!) are best for job creation. Gold money would keep everyone honest. It's not someone else's debt. Small limited government would mean society would have to take up the slack and peer pressure people into behaving. Religion and the blinding light speed of the Internet would fill the vacuum of reduced government. New grassroots services and individuals could be "whistle blowers" and "squeaky wheels" and "Squawker Geese" pointing out potential problems and "bad apples." Don't cockroaches scatter when you turn the light on them? Same with a dirty politician, a fraudulent businessmen and a control freak International Monetary Fund.
Go Libertarian! Contract out a smaller government to the lowest bidder. Keep an army though.
When "God is dead" again you can bet law-making killed him. Don't let a President Obama fascist fraud fool you. Is this guy even a citizen? Where is his birth certificate? Impeach this fascist fanatic Barack Hussein Obama!
Since all the political power is now in one party, the definition fits. The Democrats have control of both houses of congress and can pass any law they want. This has given President Obama fascist force to suppress opposition from the Republicans, the Tea Party, the Libertarians and the conservative independents. Most Americans are middle-of-the-road to conservative with only some 20 percent being true left-wing liberal. The President Obama fascist policies of beating up on the opposition. Like saying the Republicans drove the economy into a ditch. Bailing out the banksters and unions(GM's unions got to stay while investors were wiped out). Beating up on business (killing free enterprise and regulating and taxing the daylights out of those bad businesses making too much money with the audacity to create private sector jobs). Bringing big swaths of private enterprise under government mandate and control(think ObamaCare). Beating up on western countries for past and present colonialism (the west must pay dearly for ripping off the third worlds resources was Barack Obama Senior's socialistic dream but it's now our nightmare). More socialism (more government controls like cap-and-trade and all his other wealth redistribution and increased tax ideas. Your taxes will rise too. Yes, you! We will all pay and pay for this mountain of debt the progressives are hanging around the worlds neck. All governments are Keynesian these days. John Maynard Keynes advocated pumping downturns in the economy with stimulus money. The problem is stimulus creates violent whipsaw effects in the economy.
President Obama fascist policies aren't even missing militarism. He is the one that ramped up sending more troops into Afghanistan to appease the military industrial complex just after getting elected.
Racist? David Limbaugh's new book, Crimes Against Liberty says he is deeply racist. Obama spent years listening to his pastor Reverend Wright saying, "God d**m America."
The only thing missing from President Obama fascist policy is belligerent nationalism. The Obama administration has focused on "hitting the reset button" and avoiding the "arrogance of power." Consequently, his weak position is saying to the world -the United States was crucial in establishing a system of global inequalities and poverty by an undue privileged few. Is that more Marxist speak or what? Karl Marx wanted capitalism to fail. So does Obama. Russia, Iran, China and North Korea will just keep causing havoc because Obama will do nothing to stop them. Obama is helping bring on world war three.
Then there is his stupid bowing to third rate political heads of tiny nations. Why? Doesn't he know that is a sign of weakness. I say he is doing it on purpose. He is saying - thank you for giving me the Nobel Peace Prize and the one million dollars when I hadn't done anything to deserve it yet. The power elite bought and paid for their President Obama fascist first thing after his election. A down payment up front to their new not so secrete socialist agent for a one-world-government/new-world-order fascist future .
In the area of foreign policy, the President Obama fascist intent actually threatens our national security and leaves the world more open to terrorist attack. His policies are geared to hastening a crisis so that government's size and control can grow larger. Rahm Emanuel, Chief of Staff until he left the position on 10/1//2010 said, "A crisis is a terrible thing to waste." Why do you think Obama drug his feet and did virtually nothing for months in the Gulf Oil spill crisis?
The sinister message here is the Anglo American power elite will use every means to grow their new-world-order/big brother socialist fascist big government. Now in a disturbing turn of events the IMF, International Monetary Fund, headquartered in a 12 story building right on the corner of H Street and Pennsylvania Avenues in Washington D.C. is ramping up plans to be the world central banker of the G-20 nations and big brother us all to death. It blatantly plans to use "money as the medicine" to build "peace through economic stability." It's going to be cradle to grave control if we don't watch out. Total control of you and your children! Is that what you want? Watch out! The IMF is out for domination at warp speed. Forget about the World Bank and the United Nations. The IMF is trouble.
Obama is beating brother Israel up over it's Sinai settlements situation. He pulled planned Polish and Czech Republic missile defense systems first thing when he got into office - a slap to democratic nations freed from communist control by the old Soviet Union. He won't pressure Iran. They now have two nuclear installations. Obama's policy of doing nothing with Iran has made an Israeli strike more likely. Can you say World War Three!
He campaigned that he would stop the opium poppy growing in Afghanistan. Nope. Liar. Corruption and heroin money still buys guns to kill our own soldiers. It's still a fact of life. Poppies growing everywhere is bad karma. It's heroin for crying out loud. I also fault George W. Bush for not doing anything about this problem.
Obama is constantly subordinating American policy to international consensus like the socialistic World Bank and United Nations. A global cap-and-trade commission will be the next giant leap toward a one-world government and the loss of what is left of our FREEDOM.
Putin and Russia realize a nuclear bomb armed Iran is more of a problem to America. Huge Russian oil income and a history of unrelenting propaganda against the U.S. mean they will keep up the war with neighbors. With no peer pressure possible coming from a weak President Obama fascist foreign hidden agenda, we are in for more trouble. This is all leading into WORLD WAR THREE that started with the 9/11/2001 World Trade Center attack, according to Robert Prechter.
21st century American "Liberal Fascism" is a movement of the left leaning Democratic Party with a secondary smaller culprit the Republican Party. So far, there is no visible racism or cults. Let's be honest here. Fascism is when big business is fused at the hip with big government. Think Hitler and Mussolini. Obama has government owning 60 percent of General Motors or should I say Government Motors. Fascism!
Franklin D. Roosevelt's, New Deal experimentation, was patterned after Russian and German fascism. Both Hitler and Mussolini praised FDR. They had similar policies like the New Deal in effect such as: setting maximum work day hours and minimum wages, a progressive tax system, state run schools, control of money, the constant growth of government and the military controlled by those at the very top. FDR started us down the road to socialism leading to the next and worse depression. He even outlawed gold ownership and made up government jobs instead of lowering taxes which would have helped business create jobs that would last. Instead the jobs disappeared when the d**m dam or other government project was done. FDR and his (hair) brain trust even decided low prices were the problem. They sought to restrict supply by paying farmers subsidies not to grow or produce and thereby raise prices. Even though people were starving! We still have those farm supports and subsidies today. They were never repealed. What's up with that?
Leftist intellectuals saw the New Deal as a good thing. Likewise, the President Obama fascist facts are: Use the government to coerce people into preferred behavior. Use the environmentalist movement as a smokescreen for taking more control of the citizens and funding pet projects. Back a socialist health care movement taking 20% of a free economy and putting it under government control. Did our congress representing only 20 percent of the people do this without even reading (or writing for that matter) the 2,500 pages of the act? Wow! Now, that is an example of fascism. They don't care what the law says as long as it means more government control.
American progressive thinking has a fascist
mindset! "Enlightened" (anointed) leaders and technocrats like this Obama piece of work rejoice in taking away individual choice and the use of the power of the state to sway peoples moral and material well-being without even asking. The anti-messiah is here! We elected him to the highest office in the land! Every law, regulation, rule, code, ordinance, permit fee, fine, citation, ticket, tax, influence, politician, bureaucrat, ambassador, agency and even lobbyist behind the anti-capitalist push for socialism and wealth redistribution is in an unholy marriage with fascism when they reach these exorbitant levels. They are not following the CONSTITUTION. The new Republican platform says every law and act proposed will reference and point out the specific language in the Constitution enabling and validating it. YES! I'll believe it when I see it.
The Federal Reserve and many in both parties of your government are in on a new-world-order/one-world-government 100 year long conspiracy. They don't care how it's done or how long it takes. There I've said it. OUR FREEDOM FAVORING FOUNDING FATHERS would not believe what TYRANNY is going down. Read the book, THE CREATURE FROM JEKYLL ISLAND 1994, by G. Edward Griffin if you don't believe me. Banksters as big brother. Every word is true.
What we have today is one big "PRICE FIX! It's not FREEDOM. If you tell me what to do and back it up with the police power of penalty of jail time or fine you are "fixing the market." LIBERTY goes out the window and a little more fascism leaks in under the door. Of course, you get the increased prices, waste and and inefficiency of bigger and bigger government in the bargain. Government was only 6 percent of the economy before the 1930's depression. Here in the middle of a deflation economy leading into the GREATER DEPRESSION the parasite that is government at all levels sucks in over 25 percent of the wealth. Government employment was up 10% last year, while business unemployment rose 10%. Who is getting bigger and more top-heavy here? Where does it end? Where do you draw the line and get the nightmare to stop and reverse?
All this government has lead to a credit inflation mania blow off commensurate with a 96% loss of value of the money in 100 years time. A huge deflation economy and the GREATER DEPRESSION are the only cure for credit inflation. Even fiat money leading to inflation is a tax for gods sake. Credit inflations always end in a deflation economy and depression, by the way.
Let's just not abdicate more freedoms and let government get bigger in this depression.
Free markets and free money (private gold money - not government paper gold - ha!) are best for job creation. Gold money would keep everyone honest. It's not someone else's debt. Small limited government would mean society would have to take up the slack and peer pressure people into behaving. Religion and the blinding light speed of the Internet would fill the vacuum of reduced government. New grassroots services and individuals could be "whistle blowers" and "squeaky wheels" and "Squawker Geese" pointing out potential problems and "bad apples." Don't cockroaches scatter when you turn the light on them? Same with a dirty politician, a fraudulent businessmen and a control freak International Monetary Fund.
Go Libertarian! Contract out a smaller government to the lowest bidder. Keep an army though.
When "God is dead" again you can bet law-making killed him. Don't let a President Obama fascist fraud fool you. Is this guy even a citizen? Where is his birth certificate? Impeach this fascist fanatic Barack Hussein Obama!
Tuesday, December 13, 2011
US Economic Collapse Survial Map.flv
The ideal situation for long-term survival in an EOTWAWKI situation includes a well-stocked home based in a sparsely populated area with fertile soil that is at least a full tank of gas (300-400 miles) away from the nearest major population center. More than that, you also need a community of people you can trust and support, as well as a positive mental attitude and the total commitment to survival. Individualist "Rambo" types will be the first to die. Read more....
This is How Our GOVERNMENT Got us into DEBT
Your first question has to be “why wasn’t a request to Homeland Security for a snow cone machine summarily turned down, with a warning that such requests were inappropriate? Especially in tight fiscal times?” Well, the simple answer to that is because Homeland Security isn’t dealing with its own money. It’s dealing with your money. And because of that, apparently nothing is inappropriate—tight fiscal times or not.Note the job description of the WMSRDC that I’ve emphasized. And what was the rationale for a snow cone machine? Well, here’s the reason given on why it was “necessary”:
Tell me he did not just hit the nail right on the head, what has the government got us in to. Read more....
United states Economy: Rising cost of living Compared to Deflation
The present economic policy of the United states government bodies isn't completely sufficient to the scenario, and also the primary point that demonstrates it's the reality that the way it describes worldwide crisis, doesn't reflect the truth. Usually speaking, the economic techniques of the world crisis' explanation are "accurate" only in fairly a narrow range of guidelines which merely are absent right now. Furthermore, we might not expect the change of the scenario to these parameters neither in short-term, nor in long-term viewpoint. The knowledge of this reality by the United states government bodies didn't occur too lengthy - for approximately ten year now. appears to be the time of 'sophistication'.To discover it to be accurate we will keep in mind the current presentation of Charles Evans, the head of Chicago , il FRS division, at the yearly conference specialized in questions of the present monetary policy. Based on his thoughts and opinions, the united states economy now faced the scenario when numerous particular monetary control levers, such as the Rate, have now ceased to work. This is true, but then he provided to fix economy with the ordinary monetary measures what as we can see now isn't efficient and won't counter issues of unemployment and low inflation.
The entire world crisis's primary reason is obvious: no marketplace growth is feasible any much more, and also the primary stimulus to the economic development now's the all-time decreasing price of credit cash. But it's economy not math and this rate cannot be lower than zero. This rate went down to '0' by the end of 2008.
So, we now have two methods of acting. The would be to limit the provision of cash (this way will trigger recession), but then the so-expected growth will happen. But such approach doesn't suit the monetarists. They might not forecast the economic crisis, then they refused the crisis, now they mimic activity countering it.
The 2nd method is what Evans mentioned "more liberal policy". Read more....
What is the future of America in 2012
The US economy has been hit hard by its worst downturn since World War II. Since late 2008 the economy registered record GDP declines and increases in unemployment. As a result, the US economy (real GDP) grew by only 1.1% in 2008.To see our economy seem to collapse is frightening, but what is more frightening is to believe that it can be put back together by the same thinking and the same people whose greed and corruption caused it. Now that we have the support of clarity and compassion in the incoming energies that are entering our space time continuum, we need not be afraid. To realign our monetary system and rid it of corruption and greed requires that it be dismantled and bullt up again in a new and better way. A great new civilization has a chance to be born now, and we all must take part in it for we have been created with a singular purpose to do this, each with a unique part to play. Watch the video........
Top 10 Best cities for business in America
The recession spared few U.S. cities, wiping out 9.4 million jobs between November 2007 and August 2009. Many will never return, and those that do you probably won’t find on the East or West Coast. For the most active areas of job creation (and lower costs of doing business) you have to go to the heartland, home to 80% of the top 25 regions on our list of Best Places for Business."Washington's been adding a tremendous number of jobs for a number of years," said Kevin Klowden, a managing economist at the Milken Institute in Santa Monica, Calif. Klowden and other institute researchers recently performed their own study on the best cities for business and ranked Washington high on their list as well, sixth overall and tops among major metropolitan regions.
The Top Cities in America for doing business are not at all where most people think, and there's good data to back that up. This year Inc. publishes an exclusive Top Cities list, using a brand-new methodology that we believe to be the most objective, reliable system used anywhere for ranking fertile ground for companies.
The categories and weightings, for a total of 2,500 points, are:
- Cost of Doing Business (450 points)
- Workforce (350 points)
- Quality of Life (350 points)
- Economy (314 points)
- Transportation & Infrastructure (300 points)
- Technology & Innovation (250 points)
- Education (175 points)
- Business Friendliness (175 points)
- Access to Capital (50 points)
- Cost of living (25 points) Read more....
Living in dead economy
A euro zone that somehow stays afloat but can't be reformed, banks awash with cash that don't lend, and incoherent economic policy. We've only found a sticking-plaster solution to our crisisJobs, rather than debt, are the core problem afflicting the United States. This is what the Federal Reserve declared on August 10, 2011 when it confirmed what many of us have feared: The country’s economy is stuck and without drastic action won’t move for at least two years. As an unprecedented statement by the nation’s central bank, it was a clear signal that the jobs crisis has no end in sight. It also serves as a plain message to elected officials: You are the only ones who can fix this mess.
The longer the economic crisis goes on, the less credible sticking plaster solutions become. Four years in, Europe is heading into a nasty recession, China is flirting with a hard landing, the governor of the Bank of England is warning of a systemic banking crisis and George Osborne has announced spending cuts that will continue for the next six years. The United States is the one part of the world where the news has been better recently, with signs of life returning to the housing market and a welcome fall in unemployment.
Even as stocks swoon and worries mount, our president continues to hold his head high -- a little too high, in fact -- every time he strides to the podium. This makes him the anti-Princess Di. He is always triumphantly chin up, just as she, poor thing, was always tremulously chin down. Given the lousy state of the economy, he might try to be a little self-effacing himself. He should stop acting as if he expects his every word to be greeted with rapturous applause. Read more....
Even as stocks swoon and worries mount, our president continues to hold his head high -- a little too high, in fact -- every time he strides to the podium. This makes him the anti-Princess Di. He is always triumphantly chin up, just as she, poor thing, was always tremulously chin down. Given the lousy state of the economy, he might try to be a little self-effacing himself. He should stop acting as if he expects his every word to be greeted with rapturous applause. Read more....
Retirement Savings, Without The Strings
For the young and those without emergency funds, the Roth IRA often beats out a 401(k).It's a perennial question, but one that has taken on new urgency now with the economy so uncertain: Assuming you can't save an unlimited amount, should you fund your 401(k) or a Roth IRA first?
Both a pre-tax 401(k) and Roth IRA let you save for retirement in a tax-advantaged way, but they're basically mirror images of each other. With a pre-tax 401(k), you put salary in before tax and are taxed on all withdrawals. With a Roth IRA, you pay taxes on your wages before you invest, but can withdraw the money in retirement tax-free. In theory, the tax advantages should be equal over time, assuming you put into the Roth IRA the after-tax equivalent of what you're putting into the 401(k) and assuming your tax rate is always the same.
To complicate things, there are also pre-tax IRAs, after-tax traditional (non-Roth) IRAs and new Roth 401(k)s. But since pre-tax 401(k)s and Roth IRAs are of use to the most people, we'll stick to comparing them.
The traditional wisdom has been to put money into a 401(k) first, at least to the extent that your employer matches your contributions. In a typical match, if you put 6% of your salary into the 401 (k), the company will kick in 3%, providing an immediate boost to your savings. That's still good advice for many folks. But for others, particularly younger savers, the Roth now has the edge, for three reasons. Read more....
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