Bob Woodward: Obama Admin Didn’t Tell Truth on Benghazi

 

Bob Woodward: Obama Admin Didn’t Tell Truth on Benghazi (May 19, 2013)

Paul B. Farrell: Wall Street’s profits addiction and $100 million trading days will drive America over a new 1929-style cliff and into a new Great Depression II…It’s Inevitable!!!

By Paul B. Farrell, MarketWatch

 

Wharton School economist Jeremy Siegel, author of two classics, “Stocks For the Long Run” and “The Future for Investors,” is one of America’s most respected financial minds. He recently told cable channel CNBC that Dow 15,000 was “definite,” with 50-50 odds of Dow 17,000 by year-end 2013.

He even doubled down in Kiplinger’s: “My Dow 17,000 projection may turn out to be too timid.” Now that’s real [...]

Couple High on ‘Bath Salts’ Shoot at Imaginary Gangsters, Terrorize Neighbors

Phillip and Donna Walls were under attack Monday — or at least they thought they were.

The couple was using bath salts — a type of synthetic drug — when they called 911 to complain that phantom gang members were camped out under their house, police in Kings Mountain, N.C., said.

“They were there yesterday and last night,” Donna told the dispatcher.

The couple then allegedly hauled a military bag full of weapons [...]

Angela Merkel Is Playing You For Fools – Why worry about making a few promises if you know you will never have to keep them?

Raúl Ilargi Meijer, The Automatic Earth

 

Oh come on, leave the girl alone already. First off, all those people talking about a solution for the eurozone need to finally understand there ain’t no such thing. And whatever slim chance of a solution the most optimistic – delusional – among them may be so desperate to cling on to, at least they should recognize that Angela doesn’t hold the keys to the city. [...]

With state revenues down by $351 million, New Jersey Governor Chris Christie still wants tax cuts for the rich that will cost the state $1.3 billion a year.

This is commentary from political blogger and cartoonist Rob Tornoe.

Over the weekend, Gov. Chris Christie once again force-fed a conservative crowd a healthy dose of red meat, saying President Obama was “posing and preening” instead of working to resolve the pressing issues facing the country.

It struck me as odd he would use that particular attack line, considering Christie has traveled across the country to put himself in the spotlight as [...]

Due to the nature of constant growth…It takes ever greater amounts of power to sustain it.

At a 1% demand for yield per year…the amount of power required basically doubles every 70 years.

At a 10% demand …the doubling time is 7 years.

Eventually it becomes impossible to obtain the required amount of power to sustain the delusion you all have embraced.

It’s inevitable that constant expansion will transform into constant contraction

At -1% the half life is 70 years and at -10% the half life is 7 years.

Lets say [...]

A Warning to Investors: Dreaded IPO-crash signal flashes bear warnings – Replay of ‘90s IPO mania blows new bubble – Paul B. Farrell

 By Paul B. Farrell, MarketWatch

SAN LUIS OBISPO, Calif. (MarketWatch) – Yes, this really is the hottest IPO market since 2000. And that’s bad news. Very bad. Remember my last column back in 1999: I posted a list of winners, an unbelievable 19 funds had astronomical one-year returns between 179% to 323%! Yes, that hot!

Real bad news. On March 20, 2000 my headline read: “Next [...]

NY Fed Issues Mea Culpa That Nobody Saw at 6PM on Black Friday

In a report released on Black Friday around 6 PM, when nobody is around, let alone paying attention, except for crazy people like me, the NY Fed posted a mea culpa on just how lousy its economic forecasts have been, a function which I had already performed over a year ago (The Fed – Clueless, Delusional, or Both?). The author of the report stated the crux of the failure thusly:

http://wallstreetexa…n-black-friday/

Battle for Tripoli & Greater Libya Still On

NATO calls Qaddafi “delusional” even as their “hours, not days” Tripoli operation nears 1 week mark.

Tony Cartalucci
Infowars.com
Aug 25, 2011

Racing desperately against both an approaching deadline on their mandate and their departing credibility, NATO is desperately declaring victory in Libya regardless of what the facts on the ground may be. Parading before the public, videos of rebels looting empty compounds and dancing briefly in a square that may or may not [...]

There’s no way single-pay­er can be establishe­d thanks to the “health” insurance companies’ influence

The Deficit Commission is considerin­­g the eliminatio­­n of the tax deduction for job-based health insurance:

http://www­.huffingto­npost.com/­2010/11/28­/health-ca­re-tax-bre­ak-deficit­_n_788852.­html
Job-Based Health Care Threatened

“WASHINGTO­­N — Job-based health care benefits could wind up on the chopping block if President Barack Obama and congressio­­nal Republican­­s get serious about cutting the deficit.

Budget proposals from leaders in both parties have urged shrinking or eliminatin­­g tax breaks that help make employer health insurance the leading source of coverage in the nation [...]

A Fistful Of Dollars – Part Two

by Jim Quinn of The Burning Platform

A Fistful Of Dollars – Part Two

It is not easy to destroy the greatest empire in the history of mankind. The 20th Century was the American Century, but as with all empires, the combination of hubris, monetary debasement, imperial overreach and delusional overconfidence have set in motion the inevitable downfall of the American Empire. The policies, decisions, beliefs, and institutions [...]

An Inconvenient Truth – The Truth Shall Not Set Us Free by Cognitive Dissonance

There is a widely held belief among those who wish for ‘the truth’ to be exposed that once this is accomplished the insanity will begin to unravel and a new day will dawn. Unfortunately this belief is erroneous, delusional even, and by itself also a part of the insanity. The uncomfortable and extremely inconvenient truth is that ‘truth’, regardless of where it originates or [...]

Those who still have job-based health insurance may lose it…

The Deficit Commission is considerin­­g the eliminatio­­n of the tax deduction for job-based health insurance:

http://www­.huffingto­npost.com/­2010/11/28­/health-ca­re-tax-bre­ak-deficit­_n_788852.­html
Job-Based Health Care Threatened

“WASHINGTO­­N — Job-based health care benefits could wind up on the chopping block if President Barack Obama and congressio­­nal Republican­­s get serious about cutting the deficit.

Budget proposals from leaders in both parties have urged shrinking or eliminatin­­g tax breaks that help make employer health insurance the leading source of coverage in the nation [...]

Gadaffi was trying to move a ‘small’ portion of his assets, £900 million of banknotes only yesterday from a British bank:

Defiant: A supporter of Moamar Gaddafi in Sabratha, west of Tripoli. (Reuters: Chris Helgren)

The UK government says it has foiled a plan by Libyan leader Moamar Gaddafi to move mint Libyan banknotes worth 900 million pounds ($1.4 billion) out of Britain.

The news came as the United States moved warships and aircraft closer to Libya and froze $US30 billion in assets as a top US [...]

Greece is the responsibility of the Greeks. No Nation or polity or institution can save another from itself.

The Greek people have permitted a corrupt and collectivist Regime to take over their Nation and have allowed bribes, entitlements and instant gratification to disable their moral and intellectual compass.

Only default on public debt, expulsion from the EU and national humiliation can create the pain and exposure to truth and reality essential for resetting values, priorities and culture. Then and only then can the Greeks liberate themselves from the Regime [...]