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Planned Economy
or Planned Destruction?
The emerging New World Order |
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Reinventing
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Transforming America
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Revolutionary
Roots of the UNl
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“You cannot
legislate the poor into freedom by legislating the wealthy out of freedom.
What one person receives without working for, another person must work
for without receiving. The government cannot give to anybody anything
that the government does not first take from somebody else. When
half of the people get the idea that they do not have to work because
the other half is going to take care of them, and when the other half
gets the idea that it does no good to work because somebody else is
going to get what they work for, that my dear friend, is about the end
of any nation. You cannot multiply wealth by dividing it.”
Dr. Adrian Rogers,
1931- 2005
"The powers of financial capitalism
had (a) far-reaching aim, nothing less than to create a world
system of financial control in private hands able to dominate the political
system of each country and the economy of the world as a whole.
This system was to be controlled in a feudalist fashion by the central
banks of the world acting in concert, by secret agreements arrived at
in frequent meetings and conferences. The apex of the systems was to
be the Bank for International Settlements in Basel, Switzerland, a private
bank owned and controlled by the world's central banks which were themselves
private corporations. Each central bank...sought to dominate its government
by its ability to control Treasury loans, to manipulate foreign exchanges,
to influence the level of economic activity in the country, and to
influence cooperative politicians by subsequent economic rewards
in the business world."
Professor Carroll
Quigley (Bill Clinton's mentor at Georgetown University), Tragedy
and Hope (1966) p. 324.
|
May 2013
How The Bank For
International Settlements Is Going To Help Bring Down The Global
Economy: "A
new set of regulations that most people have never even heard of
that was developed by an immensely powerful central banking
organization that most people do not even know exists is going to
have a dramatic effect on the global financial system over the next
several years....
"The Bank for International Settlements has been
called 'the central bank for central banks', and it is headquartered
in Basel, Switzerland.
58 major central banks (including the Federal Reserve) belong
to the Bank for International Settlements, and the decisions made in
Basel often have more of an impact on the direction of the global
economy than anything the president of the United States or the U.S.
Congress are doing."
April 2013
World Bank Insider Blows
Whistle on Corruption, Federal Reserve:
"A former insider at the World Bank, ex-Senior Counsel Karen Hudes,
says the global financial system is dominated by a small group of
corrupt, power-hungry figures centered around the privately owned U.S.
Federal Reserve. The network has seized control of the media to
cover up its crimes.... Hudes said that when she tried to blow the whistle
on multiple problems at the World Bank, she was fired....
"At the heart of the network, Hudes said, are 147 financial institutions
and central banks — especially the Federal Reserve, which was created
by Congress but is owned by essentially a cartel of private banks.
... The Fed...is at the very center of the network and the coverup....The
shadowy but immensely powerful Bank for International Settlements
serves as 'the club of these private central bankers.'”
See
The Hidden Control of the Council
on Foreign Relations (CFR)
April 2013
We'll Kill the Dollar!
"From Doug Hagmann of Canada Free Press comes a chilling account of
what's in store for us if we continue to ignore the bare-faced warnings
of the central power base.... In 2011, economist Kyle Bass interviewed
a senior member of the Obama administration about its planned solutions
for fixing the US economy and trade deficit.... Among the questions
he asked was about U.S. exports and wages, but the question itself was
not nearly as important as the response he received from this senior
administration official. In fact, this single, seven word response clarifies
everything, explains everything, and leaves little else to discuss:
'We're just going to kill the dollar.'"
Stockton Goes Bankrupt:
“Precedent-Setting Implications”:
"One of the most dangerous cities in America has just declared bankruptcy,
leaving creditors out hundreds of millions of dollars. U.S. Bankruptcy
Judge Christopher Klein said the bankruptcy declaration was needed to
allow the city to continue to provide basic services. ...The city of
nearly 300,000 people has become emblematic of government excess and
the financial calamity that resulted when the nation’s housing bubble
burst. ... The $900 million that Stockton owes to the California Public
Employees’ Retirement System to cover pension promises is its biggest
debt. ... By 2009 Stockton had accumulated nearly $1 billion in debt....
This is only the beginning."
"Yet in all
these things we are more than conquerors through Him who loved us."
Romans 8:39
Cyprus-Style
“Bail-Ins” Are Proposed In The New 2013 Canadian Government Budget!
"The politicians of the western world are coming after your bank accounts.
In fact, Cyprus-style 'bail-ins' are actually proposed in the new
Canadian government budget."
March 2013
Killing
the Dollar: G20 & IMF Push for Global Fed, Global Currency:
"While headline stories about averting the dangers of an international
“currency war” dominated news coverage of the recently concluded G20
meeting in Moscow, the real unreported story is that the global gathering
of central bankers and finance ministers is pushing forward with
their plan for “supersizing” the International Monetary Fund. The end
goal is to transform the IMF into a global Federal Reserve, with
the ability to flood the world with huge new volumes of loans and currency.
It would also wield vast financial regulatory powers."
See
Who Controls The Money?
The Architects of Our Economic
Demise : “Is
there a conspiracy of global takeover, of a New World Order, of global
governance that has been in the works since the United States gained
independence from Great Britain? The honest answer is undeniable: yes.”
– Doug Hagmann. See
The Hidden Control of
the Council on Foreign Relations [with its European branches]
February 2013
Killing the Dollar: G20
& IMF Push for Global Fed, Global Currency:
"While headline stories about averting the dangers of an international
'currency war' dominated news coverage of the recently concluded G20
meeting in Moscow, the real unreported story is that the
global gathering of central bankers and finance ministers is pushing
forward with their plan for 'supersizing' the International Monetary
Fund. The end goal is to transform the IMF into a global Federal
Reserve, with the ability to flood the world with huge new volumes
of loans and currency. It would also wield vast financial regulatory
powers." See
Planned Economy or Planned Destruction?
[UK]
Welfare State Cuts, More
Tax, Higher Unemployment and a Bigger Deficit: "While they
pretend to wish to protect the interests and wellbeing of the British
people, they again pretend that they are powerless to prevent another
influx of unwanted and unneeded 'workers' who will be arriving in
January 2014 from Bulgaria and Romania - even when we have approximately
10 million people who are unemployed or on part-time hours.
....
"...if
you drive wages lower by the importation of millions of people who will
work for less... then you cannot expect the impoverished British people
to spend in order to revitalise the economy."
Saxo Bank CEO Says Euro
Is Doomed as Currency Woes Resurface: [Source:
Bloomberg] "Lars Seier Christensen, co-chief executive officer of
Danish bank Saxo Bank A/S, said the euro’s recent rally is illusory
and the shared currency is set to fail because the continent hasn’t
supported it with a fiscal union. 'The whole thing is doomed,'
Christensen said yesterday in an interview at the bank’s Dubai office.”
See
The Hidden Control of
the Council on Foreign Relations
[with its European branches]
Retail
Apocalypse: Why Are Major Retail Chains All Over America Collapsing?
"If the economy is improving, then why are many of the largest retail
chains in America closing hundreds of stores? When I was growing up,
Sears, J.C. Penney, Best Buy and RadioShack were all considered to be
unstoppable retail powerhouses. But now it is being projected that all
of them will close hundreds of stores before the end of 2013. Even Wal-Mart
is running into problems."
Who
Controls The Money? An Unelected, Unaccountable Central Bank Of
The World Secretly Does:
"An immensely powerful international organization that most people
have never even heard of secretly controls the money supply of the
entire globe. It is called the Bank for International Settlements,
and it is the central bank of central banks. It is located in Basel,
Switzerland, but it also has branches in Hong Kong and Mexico
City.
It is essentially an
unelected, unaccountable central bank of the world that has complete
immunity from taxation and from national laws. ...'it is not
accountable to any single national government'...
"The Bank for International
Settlements is an organization that was founded by the global
elite and it operates for the benefit of the global elite, and
it is intended to be one of the key cornerstones of the emerging
one world economic system."
See
The emerging New World Order
January 2013
Here's
the real unemployment rate:
"The real unemployment rate for December 2012 is closer to 23 percent,
not the 7.8 percent reported by the Bureau of Labor Statistics.... Williams,
author of the Shadow Government Statistics website, argues that the
federal government manipulates the reporting of key economic data for
political purposes.... Since 1994, however, the long-term discouraged
workers, those who have been discouraged for more than one year, have
been excluded from all government data."
December 2012
Government Dependents Outnumber
Those With Private Sector Jobs In 11 U.S. States:
"An increasing number of
Americans expect the government to take care of them from the cradle
to the grave....Unfortunately, millions of good paying jobs continue
to be shipped overseas and they aren’t coming back. We are even losing
good jobs to our own prisoners. The United States has the largest prison
population in the world by far, and the exploitation of that low wage
labor pool has become a boom industry in America. Even Microsoft and
Boeing are using prison labor now. [Check video]"
Video. Ann
Barnhardt - The Economy Is Going To Implode (Full Length):
Very interesting information -- a warning for all of us.
November 2012
Fortune Mag Thinks 1000s
Of Small Banks Could Close, Even More Companies Reported To Be Laying
Off Workers Or Closing Outlets:
"...the banks are not the only group at risk. ...the CEO of Papa
John’s Pizza announced to the press that Obama’s second term and
the full enforcement of Obamacare would likely force him to cut
the hours of many workers and add costs to his operation. Those
costs would be passed on to consumers."
See
Planned Economy or Planned Destruction?
Obamacare
and the “Great Chase”:
"Zane Tankel, CEO of Apple-Metro, which owns Applebee’s restaurants
in the New York area [said he would] ...freeze hiring, stop building
new restaurants and may fire employees in order to dodge the requirements
of Obamacare. Obamacare requires a business, with 50 or more employees,
to provide a health care plan by 2014.... 'Tankel said: '...that
says we won’t build more restaurants. We won’t hire more people,
exactly the opposite of what the President says.”
See
Victory in Christ
September 2012
US
Debt to Hit $16 Trillion on Tuesday as DNC Begins:
"In an election already focused on domestic issues of jobs, spending
and deficits, the $16 trillion number is likely to underscore just
how much is at stake..."
Startling
Evidence that Central Banks and Wall Street Insiders are Rapidly Preparing
for Something BIG:
"...more evidence has emerged that quiet preparations are being made
for an imminent financial collapse. ...we are gathering clues and
trying to figure out what the evidence is telling us..."
July 2012
Eurozone rescue without growth means Finland could
be first to leave:
"The essence of the eurozone's financial problem lies in
the discrepancy between northern and southern members. So why don't
they just integrate their finances? Because that would mean the
northern countries taking their share of the debts incurred by the
southerners. Understandably, people in the north don't like this
idea. They haven't enjoyed the benefits of government largesse – why
should they now suffer the pain of higher taxes or interest costs to
pay for it?... This is where the wizardry of modern
Is Obama intentionally destroying
America?
"Ordinary people
– not just a small fringe group of zealots – are really afraid today.
They see the country they adore being attacked at all levels; they see
their freedoms under assault, their life savings genuinely in jeopardy...
and a national financial crisis, born of world-historic national debt,
this president will not help avert.
"...businesses
are afraid to hire because of the uncertainties caused by new taxes
and regulations.... Small businesses see an administration that not
only is at war with the private sector but also appears to be on a mission
to punish and obliterate our domestic energy sources and waste
billions more in borrowed federal dollars on green energy projects doomed
to fail." See
Our Murdered Cities and
the Freedom-Eaters
Obama spending $30M
on struggling schools - in Arab kingdom:
"Infuse millions of extra federal dollars into constructing modern facilities
and renovating old ones, while deploying additional computer equipment
– and new furniture – in schools.... in the Hashemite Kingdom of Jordan."
May 2012
Video.
WSB TV National Disgrace:
"Apparently, America is spending millions for refurbishing mosques in
the middle east and funding Internet service of Imans. In turn,
they laugh at our foolishness and call us 'the great satan." [Eight
months old but still relevant]
Half of Detroit’s Streetlights
May Go Out as City Shrinks:
"Detroit, whose 139 square miles contain 60 percent fewer residents
than in 1950, will try to nudge them into a smaller living space by
eliminating almost half its streetlights. As it is, 40 percent of the
88,000 streetlights are broken and the city, whose finances are to be
overseen by an appointed board, can’t afford to fix them. ... Other
U.S. cities have gone partially dark to save money....
"Detroit’s dwindling income and property-tax revenue have required residents
to endure unreliable buses and strained police services throughout the
city. ... A single, broken streetlight on the northeast side brings
fear to Cynthia Perry....'I’m afraid coming in at night,' she said."
The liberal are trying to legislate free speech out of existence [
The history of censorship in the US]:
"In 1910, when Congress was contemplating transferring the wealth of the American people to the same cabal of international bankers and industrialists who owned all of the central banks of the industrialized world, the money mafia realized it somehow needed to seize control of the media to prevent the fourth estate from warning the American people what was afoot.
That fraud could not have been successfully promulgated without the help—or silence—of the media.... The money barons knew there was much truth to the adage that
whomever controls the news controls the hearts and minds of the man on the streets."
58 Percent Of Americans Believe
Economic Conditions in The United States will be Good a Year from Now:
"There is nothing wrong with being optimistic, but there is something wrong
with having blind faith that things are going to get better when all of
the evidence is screaming at you that things are going to get worse.... Back in November 2008,
30.8 million Americans were on food stamps. Today, more than 46 million
Americans are on food stamps."
UN moves to compensate the victims
of terrorism: "People
seriously injured or maimed by terrorist attacks across the world would
be granted automatic legal rights to compensation and rehabilitation
under far-reaching changes to rebalance international law in favour of victims....The
report, drawn up by the UN's special rapporteur on counter-terrorism and
human rights...will be welcomed by the UK government at a time when the
international legal system faces criticism for doing too much to protect
the rights of alleged supporters of terrorism."
That sounds kind and noble,
but with all the financial corruption within the UN system, I wonder how
this can work. In addition to the usual mismanagement, it will be especially
costly for America.
A U.S. Senator Questions Fed
on Chinese Bank Decision
: "A Federal Reserve decision
to let Chinese banks acquire U.S. lenders was challenged by Senator
Bob Casey, who said it could open the way for Chinese government-run institutions
to undercut U.S. banks."
See
Bowing to the Dragon? America's Perilous
Partnership with China
April 2012
H-1B Visas Take American
Jobs: "Big companies
prefer H-1B workers because they can pay them significantly less than
Americans, never have to give them a raise or promotion, and have the
unilateral power to deport them. H-1B workers don't dare to complain
about working conditions or unpaid long hours, and can't quit to take
a better job."
The Federal Reserve's Covert
Bailout of Europe:
"When is a loan between central banks not a loan? When it is a dollars-for-euros
currency swap. ...The Fed was embarrassed by the revelations of its
prior largess with foreign banks. It does not want the debt of foreign
banks on its books. A currency swap with the ECB is not technically
a loan." See
Disinformation on the
Rise
March 2012
Obamacare’s inescapable
death march:
"Obamacare's costs are exploding.... The $900 billion bargain-basement
10-year cost estimate that Mr. Obama promised for his overhaul recently
ballooned to $1.8 trillion....Welcome to the United States of
Greece, where our $15.6 trillion national debt has surpassed the size
of our total economy....The unfunded obligations of Medicare, Medicaid
and Social Security are at least $50 trillion - probably closer to $75
trillion...."
Bernanke Claims that the
Fed Has Averted a Second Great Depression by Bailing Out the Too Big
To Fail Banks:
"Unfortunately...all Bernanke did was kick the can a bit farther down
the road. You can't fix a debt problem with more debt, and the debt
bubble we are living in today is far larger than it was in 2008."
February 2012
Video.
Euro Currency Crisis: Trapped
Inside an Economic Prison:
"A decade ago, everybody said 'Once we've got the euro currency, it
will bring us stability. Well I would suggest the decade of chaos, discord
and misery for millions."
Summer jobs for foreigners crowd
out Americans: "...the
State Department is finally conducting a reevaluation of the program that every
year brings more than 100,000 foreign college students to the U.S. to work in
seasonal jobs....The State Department labels SWT [Summer Work Travel ] as 'cultural
exchange' that ...wins friends among future world leaders.
"...as the program has boomed...it has denied a place in
the workforce for many American young people, who are now suffering record levels
of unemployment. ...[According to] a former State Department Foreign Service
officer... 'it's wrong to have a program that allows foreign kids to come in
and take jobs that American kids need.'" But it fits the global agenda:
See
Trading U.S. Rights for UN Rules
Debt Has Climbed $4.47T Since Obama
Released First Budget—Calling for ‘A New Era of Responsibility’:
"The federal debt has increased by $4.47 trillion since President Barack
Obama released his first federal budget on Feb. 26, 2009.... At the close
of business on Feb. 9, 2012, the national debt stood at $15.36 trillion
($15,355,838,921,022.16)."
See
Planned Economy or Planned Destruction?
47 Signs that China is Destroying America On the Global Economic Stage:
"In 2011, our trade deficit with China was the largest trade deficit that one
nation has had with another nation in the history of the world, and China has
now accumulated more than 3 trillion dollars in foreign currency reserves. Every
single day, we lose more jobs, more businesses and more of our national wealth
to China. ... #7. China produced 19.8 percent of all the goods consumed
in the world during 2010. The United States only produced 19.4 percent. #8.
During 2010, we spent $365 billion on goods and services from China while they
only spent $92 billion on goods and services from us."
Getting nowhere, very fast:
"California has a huge state debt, and Washington has a huge national debt.
But that does not discourage either Gov. Jerry Brown or President Barack Obama
from wanting to launch a very costly high-speed rail system....While the Spanish
government has been subsidizing the passengers on its high-speed rail system,
the European Union has been subsidizing the Spanish government. Someone once
said that government is the illusion that we can all live off somebody else."
January 2012
Obama on Pace to Borrow $6.2Trillion
in One Term—More Than All Presidents from Washington Through Clinton Combined:
"President Barack Obama has been increasing the national debt during his presidency
by an average of $4.24 billion per day ($4,240,506,004.34)..."
From Revolution to “Evolution”:
"End of empire, an Occupy demand, is part of New Age visionary David
Korten’s blueprint for a new economic order. Korten,
Club of Rome
member who delivered the 1992 Earth
Summit keynote address, calls for the existing world economic order
to be replaced with a system of bio-regions that are based upon the
Earth Charter. The Charter seeks to
combine economics with set of religious beliefs in order to achieve 'sustainability'.
"Korten
believes that economic, environmental, and social collapse is necessary before
the Earth Charter economy can take root. The person who drives a car,
travels by air, wears nice clothes, has a diet which contains meat, or lives
in climate controlled housing may as well consider themselves among the greedy....
Korten’s writings are similar to the
UN Alliance of Civilizations’ (AoC) planning materials which envision an
end of American sovereignty...."
See
Unity in an Anti-Christian World?
Shocking Charts And Statistics That
Prove That America Is No Longer A Wealthy Nation: "Did you know that
if you added up all forms of debt in the United States and divided it up equally
that every single family in the country would owe more than $683,000?.... #1.
During fiscal year 2011, the U.S. government spent 3.7 trillion dollars but
it only brought in 2.4 trillion dollars ... #34.
The U.S. national debt is now more than
5000 times larger than it was when the Federal Reserve was created back
in 1913."
December 2011
North Dakota Edges U.S. Closer
to Energy Independence:
"Williston, North Dakota is a dusty, prairie town...a stone’s throw from the
Canadian border.... The city’s unemployment rate is close to zero. The
majority of the jobs sport starting salaries north of $100,000 a year.... It’s
a real honest-to-goodness Western boomtown....Need a job? Pack your bag and
head on up. Just bring a place to live with you.....It’s all due to the 'Bakken
Boom' – a revolution in shale oil and shale gas.... The
Bakken formation is a 25,000 square mile chunk of rock.... Estimates for how
much oil it contains vary, but the latest are north of 50 billion barrels."
Our government
should appreciate North Dakota's rich oil fields. But does it? The next link
suggests the opposite. After all, Obama has been declaring other oil fields
off limits and is supporting Brazil's oil ventures.
November 2011
Prepare for riots in euro collapse:
"British embassies in the eurozone have been told to draw up plans to help British
expats through the collapse of the single currency, amid new fears for Italy
and Spain. British ministers privately warned that the break-up of the euro...
is now increasingly plausible. Diplomats are preparing to help Britons
abroad through a banking collapse and even riots arising from the debt crisis.
The Treasury confirmed earlier this month that contingency planning for a
collapse is now under way."
Obama proposes $100 billion U.S.
loan for IMF: "The
$100 billion is part of commitments made by Group of 20 countries at a London
summit on April 2, which agreed to triple IMF [International Monetary Fund]
resources to a total of $750 billion to help the IMF respond to crises in emerging
market economies."
Bill Gates Urges Obama to Embrace
Global Tax: "When Barack
Obama was a senator, he proposed a Global Poverty Act to
fulfill the U.N.’s Millennium Development
Goals. The cost in additional foreign aid: $845 billion. On Thursday, as
part of the G20 summit, Bill Gates, co-chair of the Bill & Melinda Gates Foundation,
delivered a report on 'financing for development' that proposes global taxes
on America and other 'rich' nations to make the Global Poverty
Act a reality."
October 2011
Around the World on $69 Million
in Welfare Funds: Here
is one reason we face a collapsing economy!
Vatican urges economic reforms,
condemns collective greed:
"The Vatican called on Monday for sweeping reforms of the world economy
and the creation of a ethical, global authority to regulate financial markets....
An 18-page document from the Vatican's Justice and Peace department said the
financial downturn had revealed behaviours like 'selfishness, collective greed
and hoarding...adding that world economics needed an 'ethic
of solidarity" among rich and poor nations.
"...the
Vatican called on those who wanted to change economic structures to 'not
be afraid to propose new ideas, even if they might destabilise pre-existing
balances of power that prevail over the weakest.'... The Vatican called for
the establishment of 'a supranational authority' with worldwide scope
and 'universal jurisdiction' to guide economic policies and decisions.
Such an authority should start with the United Nations..."
See
The U.N. Plan For Global Control
Obama now accused of destroying
U.S. economy...on purpose!
"...these radicals aim to remake the American financial system with massive
government control. 'Red Army'...[exposes] the radical socialist network
that seized political power in Washington over decades, shaped Obama's presidential
agenda and threatens the very future of the U.S."
See
Trusting God as Freedom Fades
IMF Advisor: Could See Eurozone
'Meltdown' in 2 Or 3 Weeks:
"If they can not address [the financial crisis] in a credible way I believe
within perhaps 2 to 3 weeks we will have a meltdown in sovereign debt which
will produce a meltdown across the European banking system. We are not just
talking about a relatively small Belgian bank, we are talking about the largest
banks in the world... it will spread everywhere because the global financial
system is so interconnected."
EU calls for global tax:
"Flanked by German Chancellor Angela Merkel...European Commission President
Jose Manuel Barroso said...'we will press for a global financial transaction
tax.'...The idea has run into stiff resistance from Canada, the United States,
Australia, China and others....The European Union is proposing a 0.1 percent
tax in the EU on trading bonds and shares from 2014..."
This issue has been discussed
and dismissed repeatedly for many years. Such a tax might help the UN deal with
its expenses but would certainly not help the global economy.
Coke CEO Says It’s Easier to do
Business with Communist China Than With U.S.:
"Coca-Cola CEO Muhtar Kent thinks U.S. corporations are at a disadvantage compared
to those based elsewhere thanks to America’s labyrinthine tax code, he
told the Financial Times in an interview published earlier this week....In
the West, he said, 'we’re forgetting what really worked 20 years ago."
September 2011
New Report Threatens Civil War,
Collapse of International Trade and Sovereign Default if Euro Fails:
"The Union Bank of Switzerland (UBS) has just released a report titled
'Euro Break Up—The Consequences,' wherein they predict the death of the euro
and the long-term consequences should that occur....Germany, the
most effective and prosperous of all the European countries, may be considering
an exit from the euro.... [From UBS report:] 'Were a stronger country such as
Germany to leave the Euro, the consequences would include corporate default,
recapitalization of the banking system and collapse of international trade.'...
"It
is without doubt that a German exodus would result in an almost instantaneous
diminution in Europe’s fiscal and social stability. Who would replace them?
What is especially discomforting about the report is that the UBS, an
organization with an almost hegemonic influence over the world economy, has
no faith in the system to which they are intimately attached. The UBS is the
world’s second largest manager of private wealth assets and maintains over $2.68
trillion in assets....
"'The economic
cost is, in many ways, the least of the concerns investors should have about
a break-up. Fragmentation of the Euro would incur political costs. ...almost
no modern fiat currency monetary unions have broken up without some form of
authoritarian or military government, or civil war....When the unemployment
consequences are factored in, it is virtually impossible to consider a break-up
scenario without some serious social consequences.'"
U.S. Postal Service Faces Possible
Default, Shutdown: "The
problem has become dire enough that the agency is facing a $9.2 billion deficit,
and may have to close down entirely without an influx of money to help pay off
its debts. The $5.5 billion bill is to help cover the healthcare of future retirees,
but the post office may run out of money to pay its current employees by early
next year."
Remember the old "Wells-Fargo Wagon a-comin' down the street..."? It may have
been delayed at times, but at least it kept going.
Thomas Sowell: An Unusual Economy?
"Some very sharp downturns in the American economy, such as in the early 1920s,
were followed quickly by bouncing back to normal levels or beyond. The government
did nothing -- and it worked.... [Today's unemployment rates] have been common
for years in Western European welfare states that have followed policies
similar to policies being followed currently by the Obama administration."
August 2011
Global Meltdown: Is Paris Next?
"Europe’s out-of-control debt poses far greater and more immediate risk to global
markets than Standard & Poor’s U.S. downgrade. When U.S. exchanges began their
plunge, investors flocked to U.S. Treasuries, a sign that there’s still a bit
of optimism that America will pull through."
China chastises U.S. over debt:
"China called on the United States to 'cure its addiction to debts' and 'learn
to live within its means'.... 'China, the largest creditor of the world's sole
superpower, has every right now to demand the United States address its structural
debt problems and ensure the safety of China's dollar assets.'... 'If no substantial
cuts were made to the U.S. gigantic military expenditure and bloated social
welfare costs, the downgrade would prove to be only a prelude to more devastating
credit rating cuts...'"
See
Planned Economy or Planned Destruction?
July 2011
The Disappearing Recovery:
"...from 1870 to 2008, the U.S. economy has had average GDP productivity growth
of about 3% and about 2% on a per-person basis. Despite displacements—wars,
depressions—we've always returned to this solid upward trend. From 1870
till recently, real income per person has increased by a factor of 12—'an ongoing
miracle,' Prof. Lucas notes, 'mainly due to free-market capitalism.' ...
'If we're going to move to a European welfare state,' says Prof. Lucas, 'we're
going to have to pay a European price.'...Among the many things any such drop
in GDP will siphon away is America's relentless productive vitality."
CIA: U.S. finances at bottom of
planet: "The United States
ranks last among all nations in the world when it comes to its current account
balance. [China tops the list]....The next closest nation to the U.S. is Spain,
and though it's ranked at No. 190, its account balance is negative $66 billion,
far less than the American figure. ...
"The CIA
defines current account balance as 'a country's net trade in goods and services,
plus net earnings from rents, interest, profits, and dividends, and net transfer
payments (such as pension funds and worker remittances) to and from the rest
of the world during the period specified.'
"Topping
the list on the positive side is China, with an account balance of $272 billion.
It's followed by Japan, Germany, Russia and Norway....Besides the U.S. and Spain
at the bottom of the list, the remainder of the worst ten are Italy, France,
Brazil, United Kingdom, Canada, Turkey, Australia and India. Greece, which has
been making headlines for its financial problems...and has seen economic-related
violence escalate..."
Obama plan: 'Spike' energy costs,
kill 1.4 million jobs:
"Even before he was elected president, Barack Obama warned he would 'bankrupt'
the coal industry if necessary and purposefully spike Americans' utility bills
in order to force the nation into using less and cleaner forms of energy.
Now, industry partners warn, the White House is making good on that promise
by issuing a new rule that will raise some Midwesterners' electricity
bills over 23 percent by 2016 and cost an estimated 1.44 million
jobs by 2020."
A Debt-Limit Election:
"The nation's total debt, now $14.29 trillion.... is the product of our politics—of
open elections and successive Congresses and presidencies, some of them Republican,
sifting through all sorts of public wants.... Running alongside, the
American people went to work every day and produced the tax revenue that enabled
these wants to become history's biggest public budget....
"For
[Democrats], the negotiation's numbers are irrelevant. What matters is protecting
the principle of raising taxes to pay for public spending in the future....Now
they're engulfed in the math of this spending-reduction nightmare with the safety
valve of big taxes shut."
June 2011
Video: Greece
riots: 100,000 fight against harsh cuts in Athens financial crisis protests:
"At least three people have been killed during protest in Greece, as rioters
set fire to a bank building. Thousands are on the streets of Athens in opposition
to harsh spending cuts which are part of a new austerity package aimed at saving
Greece from bankruptcy."
Tycoon Says North Dakota Oil Field
Will Yield 24 Billion Barrels, Among World’s Biggest:
"Bakken. The name has become shorthand for the entire 8 million acre Williston
Basin area of North Dakota and Montana. The United States Geological Service
(USGS) made headlines in 2008 when it determined that the formation likely held
4.3 billion barrels of recoverable oil and gas equivalents. Already a kingsize
hoard. That's nothing, says Hamm. He’s convinced that the recoverable bounty
is more like 24 billion barrels."
The Collapse of Nations...By The
hand of corrupt bankers:
"...the US Treasury thus far has spent and borrowed about $100 billion from
the federal pension accounts. Unless there is a vote on the cash debt extension
prior to August 2nd, government will probably have borrowed some $250 billion
to $300 billion. ...how will the funds be generated to fulfill the Treasury’s
obligation to the pension fund? What happens if on August 2nd if legislation
is not passed?" See
Strength from God
Obama Administration Spends $17.4
Million to Explore Market for Carbon Credits:
"Department of Agriculture (USDA) announced that it has awarded $17.4 million
for pilot projects that will begin exploring how to establish a market for greenhouse
gas (GHG) credits, a key component of a cap and trade system, to help reduce
carbon and other emissions that apparently contribute to global warming....[Al
Gore's] Greenhouse gas offsets, often called carbon credits, are a key component
of a cap and trade system...."
Russia to Lower U.S. Debt Holdings:
"Russia will likely continue lowering its U.S. debt holdings as Washington struggles
to contain a budget deficit and bolster a tepid economic recovery, a top aide
to President Dmitry Medvedev said Saturday....Russia's financial reserves—which
stood at $528 billion as of June 10—are the world's third largest, after China
and Japan's." See
Deceit, Delusion and the Destruction
of America
Obama's Co-Chair Concurs: We Face
Most Predictable Economic Crisis in History In About 2 Years:
"Simpson added that the tipping point 'will come when the rating agencies find
out we have no plan' to seriously address federal spending and
the national debt....
"'This debt
and these deficits that we are incurring on an annual basis are like a cancer
and they are truly going to destroy this country from within unless we have
the common sense to do something about it,' said Bowles....“It may be two years,
you know, maybe a little less, maybe a little more. But if our bankers over
there in Asia begin to believe that we're not going to be solid on our debt,
that we're not going to be able to meet our obligations, just stop and think
for a minute what happens if they just stop buying our debt.'"
See the opposition:
The Grasp of Socialist International
(SI)
China ratings house says US defaulting:
report: "A Chinese ratings
house has accused the United States of defaulting on its massive debt,
state media said Friday, a day after Beijing urged Washington to put its fiscal
house in order.... The US government will run out of room to spend more on August
2 unless Congress bumps up the borrowing limit beyond $14.29 trillion -- but
Republicans are refusing to support such a move until a deficit cutting deal
is reached."
The Mexican Paradox:
"Last week, gun battles between warring drug cartels in the central Mexican
state of Michoacán lasted three days...and took an as-yet undetermined toll
in lives.... Last year, Mexico tied Iraq, and was second only to Pakistan, in
journalist fatalities....The decapitation of 27 Guatemalan farm hands by the
Zetas gang two weeks ago. The 146 corpses discovered in April in mass graves
in the state of Durango. The hanging in March of five victims....
"Yet a funny
thing happened on the way to Mexico becoming another failed state. ...In 2010,
a year when there were more than 15,000 drug-related killings (up by nearly
60% from the year before), the economy grew by 5.5%—the fastest rate
in a decade. The Mexican peso appreciated against the dollar. Inflation
was essentially flat....Twenty-two million tourists visited the country."
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Economy 1 (2007-2008) and
Economy 2 (2009-2010)
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