GOP: ‘Your Policies Are Creating Poverty, Dependency, and Chronic Unemployment’

“Your policies have shut down factories, surged energy costs, and brought economic growth to a standstill.”

In a memo sent to fellow Republicans, Senator Jeff Sessions of Alabama outlines how he plans to change the terms of the budget debate with Democrats. The memo outlines how the ranking Republican on the Senate Budget Committee plans to bring the fight directly to Democrats.

Sessions is, in his words, is planning a response to [...]

Gasoline Rising to Holiday High

Hurricane Isaac and a deadly blast at Venezuela’s Amuay refinery pushed gasoline to an almost four- month high and threatened to revive a debate about energy costs in the run-up to the presidential election in November.

Futures jumped yesterday in New York as Isaac forced closures of Gulf Coast refineries and reduced rates at others. That market is also reeling from an Aug. 25 explosion in Venezuela that killed at least 48 people [...]

It’s Game On for Rare Earths in Greenland: Rick Mills

Sally Lowder of The Critical Metals Report (8/28/12)

 

Far from icebound, Greenland is wealthy in rare earth elements, precious metals and oil. Already, says Aheadoftheherd.com owner Rick Mills, companies are beginning to outline major discoveries at just pennies a share. And that’s just the tip of the iceberg. Read more in this exclusive interview with The Critical Metals Report.

The Critical Metals Report: Let’s start by talking about growth in developing [...]

Four Reasons Why The Fed Will Not Announce QE 3 This Friday

by Phoenix Capital Research

 

The biggest even this week is Ben Bernanke’s Jackson Hole Speech which will take place on Friday August 31. It was at Jackson Hole in 2010 that Bernanke hinted at QE 2. With that in mind, many investors believe that the Fed is about to unveil or at least hint at a similar large-scale monetary program this Friday.

We, at Phoenix Capital Research, disagree for three reasons. Number [...]

BREAKING NEWS! Obama to flood the markets with oil from the Strategic Oil Reserve to lower gas prices before election! YES!

(Reuters) - The White House is “dusting off old plans” for a potential release of oil reserves to dampen rising gasoline prices and prevent high energy costs from undermining the success of Iran sanctions, a source with knowledge of the situation said on Thursday.

http://www.reuters.com/article/2012/08/16/us-usa-oil-reserves-idUSBRE87F13T20120816

FACTS YOU MUST KNOW BEFORE YOU VOTE FOR MIAMI-DADE MAYOR

Counties and cities across America are raising taxes and slashing services as they go broke, the result of decades of “government as usual.” We need to fix Miami-Dade County’s economy and its government before it’s too late.

 

Your vote for Miami-Dade Mayor directly affects the future of our county—and your family.

 

If you want “government as usual,” vote for current Mayor Carlos Gimenez (firefighter) or

Joe Martinez (policeman).

•           Higher property taxes (additional $2 [...]

The five hidden problems killing America’s middle class

From PeakProsperity:

According to the conventional account, the Great American Middle Class has been eroded by rising energy costs, globalization, and the declining purchasing power of the U.S. dollar in the four decades since 1973.

While these trends have certainly undermined middle-class wealth and income, there are five other less politically acceptable dynamics at work:

- The divergence of state/private vested interests and the interests of the middle class.
- The emergence of financialization [...]

The Beatings Will Continue Until Morale Improves: 10 Ways That Obama Is Killing Jobs In America

by Michael

Have you ever heard the old saying “the beatings will continue until morale improves”?  According to Wikipedia, that phrase is often “used sarcastically to indicate the counterproductive nature of such punishment or excessive control over subordinates such as staff in the workplace or children living at home.”  Well, apparently Barack Obama believes that the more punishment that he inflicts on the U.S. economy the more we will like him.  What [...]

WE ARE ALL HURT BY A FAILING REAL ESTATE MARKET – LET’S FIX IT!

By Farid A. Khavari

 

The most important step towards jumpstarting and stimulating our economy is unquestionably to stabilize the housing market. Of course the housing market will benefit from my economic plan and create tens of thousands of new private sector jobs, which will allow people to afford their homes. This will happen when the homeowners also get the opportunity to install decentralized solar energy systems, which will lower their energy [...]

Why plunging commodity prices are ominous for stock market – ETF Daily News

Sy Harding: Consumers understandably like to see pricesfor commodities decline, the more the merrier, particularly gasoline (NYSEARCA:UGA) and energy costs (NYSEARCA:XLE).

Many analysts also take commodity price declines as a positive for the economy, on the theory that consumers will have more spending money in their pockets, and manufacturers will have lower costs, so hopefully greater earnings.

Investors tend to also take declining commodity prices as a positive for the stock market [...]

Get Ready: We’re About To Have Another 2008-Style Crisis

by Christ Martenson

Well, my hat is off to the global central planners for averting the next stage of the unfolding financial crisis for as long as they have. I guess there’s some solace in having had a nice break between the events of 2008/09 and today, which afforded us all the opportunity to attend to our various preparations and enjoy our lives.

Alas, all good things come to an end, and a [...]

‘Cornucopians in Space’ Deliver a Dangerously Misguided Message

by Gregor Macdonald, CM

Once a year the very chic and exclusive TED conference takes place in Southern California, bringing together entrepreneurs, inventors, and thought leaders from every corner of the world.

There, gathered around a stage, a kind of hive mind begins to unfold in which the most cutting edge ideas in healthcare, energy, social development, and behavioral psychology are shared from a very plugged-in, big-screen podium. It’s extremely well done.

And despite the reflexive criticism from [...]

Look what going onto Keynes and going off the “Gold Standard” has produced:

1) Real job creation occurs in small business. Anyone going into small business (per SCORE & SBA) alert any prospective new business owner they’ll be one of the 85% going out of business the first year. The single biggest items behind this ominous warning are the IRS and NLRB, respectively.
2) Energy. Energy costs for any small business have increased on average, since 2008 7.9%. With renewable energy requirements now coming [...]

The market is moving in lockstep with the Euro due to the FED policy of debt monetization via dollar devaluation.

The problem is, while the market is being artificially pumped, the dollar has devalued nearly 30% in the past 4 years, meaning that everyone lost a lot of money thanks to inflation. Add to that the increase in producer costs, energy costs, food costs, and other inflationary consequences, coupled with local tax increases to make up for still falling property values even with 30 year rates at 3.8%, and you [...]

Jim Sinclair: China versus the USA with the thrust being the SWIFT system & the parry being gold bullion. This is economic war.

by Jim Sinclair

 

Dear CIGAs,

To better understand what China offers to gold, lets reverse the situation. Let us say that China has a means of interfering with the USA’s trade cash settlement mechanism and has threatened to use this interference in order to influence the United States to take such action that the USA does not necessarily wish. The United States announces that on June 28th, more than likely a deadline China [...]

Natty CRASH: Natural gas plummets to new 10-year lows today

From Newsmax:

The price of natural gas has dropped below $2 for the first time in more than a decade.

A mild winter and production boom has left the U.S. with more natural gas than Americans can consume. Storage facilities are quickly filling up. The glut has pushed down the futures price of gas 59% since it peaked at $4.85 last summer.

On Wednesday afternoon, the futures price passed a milestone. Gas fell [...]

The Cliff Notes

From The Contrary Investor

The Cliff Notes

Certainly we’ve started 2012 with a better tone to a number of economic indicators.  Employment numbers have strengthened, leading economic indicator series have trended higher, and there’s even a little bit of life in housing as many former savers have now become mom and pop landlords in the effort to achieve some type of rate of return in what essentially is a Fed sponsored yield starved [...]

Feds Consider Closing 60 Court Facilities In 29 States

http://billhicksisdead.blogspot.com/2012/03/austerity-porn-feds-consider-closing-60_26.html

The article:

 

The federal government is considering closing dozens of courtrooms across the country, many located in small, rural communities, as part of an effort to cut costs.   The Associated Press obtained documents showing that 60 federal court facilities in 29 states could be on the chopping block. Most of the courtrooms are in buildings that house other federal agencies including in post offices and many are located in remote [...]

Interview With Ambrose Evans-Pritchard: Recovery Not Real, Crises Dead Ahead

A Look At This Week’s Show:
- Energy costs above 9% of global GDP = recession
- Financial crisis has  transitioned to social and political crisis
- Global growth will peak by May, then watch out below

About the Guest: Ambrose Evans-Pritchard is International Business Editor of The Daily Telegraph. He has covered world politics and economics for 30 years, based in Europe, the US, and Latin America. He joined the Telegraph in 1991, [...]

Interview with Ambrose Evans-Pritchard: Recovery Not Real, Crises Dead Ahead (McAlvany audio)

A Look At This Week’s Show:
- Energy costs above 9% of global GDP = recession
- Financial crisis has  transitioned to social and political crisis
- Global growth will peak by May, then watch out below

About the Guest: Ambrose Evans-Pritchard is International Business Editor of The Daily Telegraph. He has covered world politics and economics for 30 years, based in Europe, the US, and Latin America. He joined the Telegraph in 1991, [...]

Eroding Profit Margins Cause Stores to Reduce Coupon Issuance

http://billhicksisdead.blogspot.com/2012/03/eroding-profit-margins-cause-stores-to.html

The story:

In 2011, name-brand grocery manufacturers’ coupons fell 8.1 percent to 305 billion compared with the previous year, according to Michigan-based coupon processor NCH Marketing. But consumers used $4.6 billion worth of coupons last year — a 12.2 percent jump.

Coupon use has been on the upswing since the financial crisis in 2008. As consumers hit the brakes on spending, retailers began discounting, sometimes almost desperately. Companies were “chasing business just [...]

COST OF LIVING SOARS – BLOOMBERG

The cost of living in the U.S. rose in February by the most in 10 months, reflecting a jump in gasoline that failed to spread to other goods and services.

The consumer-price index climbed 0.4 percent, matching the median forecast of economists surveyed by Bloomberg News, after increasing 0.2 percent the prior month, the Labor Department reported today in Washington. The so-called core measure, which excludes more volatile food and energy costs, [...]

Ambrose Evans-Pritchard: ‘Peak Oil’ is back with a vengeance

by Ambrose Evans-Pritchard

Oil spikes usually metastasise once energy costs reach 9 per cent of global GDP. The longer they stay there, the greater the damage.

That proved to be the pain barrier in the 1970s and again in 2008, and we are just shy of that level right now.

“Oil is already capturing a higher level of European GDP than in 2008,” said Francisco Blanch from Bank of America.

The rule of thumb [...]

Gas Prices as an Indicator of Energy Costs

James Hall
Infowars.com
February 29, 2012

The consumer does not need more reminders about the pain experienced with every fill up at the pump. The drain on your pocketbook is growing. During economic dislocation and diminished vitality any prospects of a turnaround dim as gas approaches $4.00 a gallon and beyond. Been here before and the idea that this time the economy will be less effected is unreasonable. The cost for all energy [...]

Oil: The next Greece-type negative

By Michael A. Gayed

“One’s destination is never a place but rather a new way of looking at things.” — Henry Miller

With Greece’s second bailout now (seemingly) in the rear view mirror, it’s time for markets to focus on the next potential negative: Oil prices. It looks like oil is the new Greece in terms of problem spots for investors.

The big move last week got a lot [...]

Not surprised oil demand is rising in China – it is SUBSIDISED as in Indonesia

One of the striking aspects of the IEA’s $312 billion figure is that more than a fifth of it comes from a single country: Iran. To get fuel prices as low as ten American cents a liter for gasoline (two cents for diesel) cost the government some $66 billion in 2009, according to the IEA: that’s $895 per person, or 20% of GDP. Saudi Arabia’s subsidy is actually higher per [...]

White House Comments On Surging Gasoline Prices

Just when we thought that when it comes to nonsensical announcements Europe is second to none, here comes the White House and takes the cake:

WHITE HOUSE SAYS RISE IN GASOLINE PRICES CAUSED BY VARIETY OF GLOBAL FACTORS, INCLUDING UNREST IN SOME PARTS OF WORLD, FAST GROWTH IN OTHERS – RTRS

Uhm, would the “unrestful” parts of the world be those that have an above average US drone presence. At least we [...]

Peak debt + Peak oil = Peak Civilization. It’s all related.

The squeeze is on for the middle class. Health costs rising… the amount that your company is willing to pay falls. Any increase in pay that is connected with cost of living won’t take into account food and energy costs… how crazy is that? The value of the things you own decreases, the cost of the things you need increases… wages stagnate (if you can stay employed). New normal.  Every organization, [...]