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From Ron Paul The IRS’s Job Is To Violate Our Liberties “What do you expect when you target the President?” This is what an Internal Revenue Service (IRS) agent allegedly said to the head of a conservative organization that was being audited after calling for the impeachment of then-President Clinton. Recent revelations that IRS agents gave “special scrutiny” to organizations opposed to the current administration’s policies suggest that many in the IRS still believe harassing [...] Obama has done it. He has brought America down. It only took him just over four years. The Republicans could have stopped him. They didn’t… If you thought the crash of 2008 was bad, think again. The crash that is coming –I cannot put a date on it, but it is not far away now – will be orders of magnitude worse. So, what should you do to protect yourself and your [...] “China will be buying less U.S. Treasurys, or so it seems. The country’s only major credit ratings agency, Dagong Global Credit, put U.S. debt on their negative watch list.” http://www.forbes.com/sites/kenrapoza/2012/12/26/fiscal-cliff-has-china-credit-agency-lowering-u-s-debt/
The reason the downgrade by Dagong Global Credit is important is it helps to show the amount if spending by the current administration the past 2 years, as well as how much further the U.S. is digging itself into a deeper debt [...] From FT: In a sense, this government has turned the country toward the left. It is thus reasonable to expect that the next government of Xi Jinping and Li Keqiang would go back to the reform track. The political report of the 18th congress did not mention the payroll reform, a mandate carried out by the current premier Wen Jiabao in the hope to correct China’s enlarging income inequality. Clearly, the [...] By Ron Paul: Last week, supporters of the current administration rejoiced over job numbers released by the Bureau of Labor and Statistics (BLS). For the first time since the administration came to power, the official unemployment number fell below 8%. Keynesian cheerleaders all claimed the numbers meant we are surely on the road to economic recovery, just in time for Christmas, and also, the election. Others saw through this ruse. The situation on [...] He also said video had nothing to do with it, It was a premeditated preplanned attack on the anniversary of 911 from outside sources. Obama administration takes a political stand trying to cover for bad policy choices! Current administration states It was the film that caused a spontaneous riot! YAAAAA right http://www.foxnews.com/politics/2012/09/16/us-ambassador-rice-backs-administration-violence-sparked-by-anti-muslim-video/ From The PERColator: The current administration continues to push for cleaner air. That means reducing carbon emissions, according to the 2009 EPA ruling that defines carbon dioxide as an air pollutant. It should be no surprise then, that the New Source Performance Standards (NSPS) on newly constructed power utilities reduces allowable carbon emissions. The new emission levels, however, are below what is technologically feasible for coal burning plants. This effectively means that [...] Campaign forced to move event to arena as thousands turn up; rivals draw crowds of less than 100 Steve Watson GOP presidential contender Ron Paul continues to draw massive crowds as he campaigns across the country. Yesterday saw almost five thousand people turn out in Illinois to see the Congressman, while his rivals can only draw crowds in and below the hundreds. Paul’s supporters will once again be asking serious questions [...] by Lance Roberts from StreetTalk Advisors Employment Report And The Market If you listen to the bleating of the mainstream media and economists there is absolutely nothing to worry about and Friday’s employment report proves it. The official unemployment rate remained steady at 8.3 percent, and 227,000 jobs were added. Just don’t look at the number of long-term unemployed, or those without jobs for more than six months, that stayed the same at [...] Bunch of @#$%&!. As if we need an explanation. This is a get ready for more higher gas prices spin on the current administration. High gas and oil prices? 1> ME turmoil Here is the chart few are looking at, and explains the concept of the dearth or shrinkage of so called safe collateral in the Euro and USD. The reason of course is that the Fed and other central banks hold much of it, or it is now encumbered via direct bilateral funding agreements or by sitting at the central bank drawing liquidity. At the same time a large chunk of sovereign debt has been [...] by Lance Roberts of Street Talk Advisors Fed Trapped By Inflation There will be NO announcement of QE 3 tomorrow. Why? Because the Fed has trapped itself into a corner. The first two rounds of Quantitative Easing (QE1 and 2) were viable for the Fed as inflation was running at deflationary levels in 2009 and at the bottom of their target range of 1-3% in 2010. In both instances the implementation of asset [...] Texas Governor promotes fiscal responsibility while his own state sits on a $13.4 billion deficit Steve Watson Texas Governor Rick Perry has shown his hand immediately. His presidential campaign strategy consists of attempting to steal away Ron Paul supporters while the mainstream media aids him by refusing to even acknowledge Paul exists. Perry entered the presidential race on Friday and was instantly [...] BY CHARLES C. JOHNSON Eighty-eight years ago this week, Calvin Coolidge took office upon the sudden death of President Warren Harding. Like the current administration, the Harding-Coolidge administration faced a tough recession from 1919-1921. But unlike the current administration, the Harding-Coolidge and Coolidge-Dawes administrations cut taxes, balanced budgets and slashed government spending, reducing federal debt by over a third in a decade. The economy grew, averaging [...] by Lance Roberts of Street Talk Advisors Financial Profits Reduce Economic Prosperity With today’s release of the corporate profit data I thought it was important to remind you of the demise of America at the expense of Wall Street. America was once a country built on the solid foundation of the hard work, satisfaction and pride in the building of stuff. We aren’t talking about “namby pamby” [...] by Henry Blodget When companies get into financial trouble, they usually fire current management, analyze and streamline their operations, and restructure their debts. America is currently in financial trouble, but the only step in the turnaround process that we seem to be capable of taking is firing current management (see the recent midterm elections). After that, it’s just finger-pointing and bloviating [...] By V. Phani Kumar HONG KONG (MarketWatch) — The U.S. government is discussing with Egyptian officials a proposal for President Hosni Mubarak to resign immediately, the New York Times reported Thursday, citing administration officials and Arab diplomats. The proposal includes the current administration transferring power to a transitional government headed by Vice President Omar Suleiman with support from the Egyptian military. Mubarak has balked [...] Good blog here that over half of the electorate oppose the bank bailout but they have no one to vote for… From blogs.telegraph.co.uk: How can anyone vote for these gobdaws again? Ireland is about to go through the most surreal election in its history. The top issue, for almost everyone, is the economic crisis: the bail-out, the cuts and the handover of Ireland’s economy to the EU. More than half [...] by TheConstitutionalist Capital Gains are going up. This will cause many to take their gains which is why the market is going down right now. Regular tax rates are going up. So people will be more selective and conservative with their holdings causing @#$%&! stocks to go down next year. The dividend exclusion will be going away, so investments over all will be limited to a more profitable kind. Money is being printed [...] RTE reports that the IMF/EU Irish rescue package will come with a whopping 6.7% rate for nine year money. Per the RTE article, it is unclear if that will be an APR or some multi-year blended effective annual yield: “The Government’s four year plan assumes that by 2014, interest payments will have increased from €2.5 billion to €8.4 billion a year – around one [...] by CautiousInvestor In retrospect, it appears that even that was too favorable an assessment. Per the Washington Post: The Obama administration does not support a nationwide moratorium on foreclosures at this time, Federal Housing Administration Commissioner David Stevens said Sunday in an e-mail response to questions. “We believe freezing foreclosures for all banks in all states, whether we have reason to believe them to be in error or not, is simply not the [...] by TKWallace 1. In the Actual YOY filings for the past five years you will note that 2009 is always the top line, 2010 always the second highest until these past 2 weeks when 2008 ticked slightly above. HOWEVER, both 2008 and 2010 are WELL ABOVE the levels of 2007/2007, so it really isn’t great news. 2. Continuing unemployment – this one is fascinating, continued unemployment numbers for this year and last [...] Good morning, gang! It’s that kind of November election reminder day! I hear the train a comin’ Well, will the train keep on a rollin’ today inspired by POTUS platitudes? Before Labor Day, the tick was largely positive. Since the holiday, [...] 1) The administration continually warns the world how fragile the recovery is. 2) Reportedly, the Fed is debating resumption of QE on a massive scale. 3) Consumer confidence is edging up but is at levels normally endured during recessions. 4) First quarter growth was down to 2.7% with 70% of the growth coming from rebuilding of inventories. 5) Stimulus will wane in the second half. 6) Based upon April and May personal consumption expenditures, spending [...] I told all my friends and family in late February (when I researched our states deficits, healthcare costs, debt and pension costs….these are all going to EXPLODE over the next 12 months) that the market would crash within a year. I don’t think it is crashing yet (we’ll see) b/c they are ignoring the USA debt so far and my guess is a euro bailout will come in to save [...] I’ve been in the business for 12 years & in the last 12 months, the long arm of the government, in the guise of “protecting” the consumer, has resulted in increased costs in getting a mortgage, to the borrower. That is troubling enough, but even more so is the development of such restrictive underwriting guidelines on conventional mortgages that individuals with low loan-to-value, high credit scores, great job histories & [...] Here is a theory. A month or two before last year’s Presidential election, George Soros pulled all his money out from the Stock Market. Other big brokers saw this and “dominoed” causing the Markets to fall drastically. Soros and others knew that the Fed had very little money in storage because of the recession that was abounding. Hence, Bush had Paulson get on his knees in front of the the beauty queen Pelosi [...] |
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