Americans hit the roof in debt-ceiling fight:
"By a margin of 2-1, Americans have said in a poll they do not want Congress to raise the debt ceiling to allow more borrowing and spending. As WND has reported, the issue is becoming critical, as federal officials have left the U.S. debt clock stuck at exactly $16,699,396,000,000 for weeks. The debt has been frozen at that amount because of an accounting trick Treasury Secretary Jack Lew calls 'extraordinary measures.' The measures have prevented the government from defaulting on its obligations and allowed it to keep borrowing, while maintaining the official debt just $25 million below the legal debt limit set by Congress of $16,699,421,000,000."
Recommended reading (my posts):
Unheard Of: Debt Stuck at $16.7 Trillion for 109 days! What Sneaky Tricks Are Keeping This Clock from Ticking?
Sarah Palin: Washington is Buying Bullets for Us ("We're going to default eventually and that is why feds are stockpiling bullets")
Obama Calls Republicans "Deadbeats" for Opposing Debt Limit Increase
Showing posts with label Ecomony. Show all posts
Showing posts with label Ecomony. Show all posts
Saturday, September 14, 2013
Tuesday, August 27, 2013
L.A. Mayor Declares State of Emergency - Drudge Report
Eric Garcetti: Mayor Help Slow Film, TV Production Leaving Hollywood | Variety:
"Los Angeles’ new mayor has vowed to help stanch the flow of film and TV production jobs out of Hollywood, starting with the appointment of a film czar at City Hall. But to make a real difference, Eric Garcetti needs to convince skeptical state pols to combat the lure of rich tax incentives from outside California."
Recommended reading:
How to Cripple Your State in 5 Easy Steps
Michael Moore Tweet: Don't Cry For Us America; You're Next!
"Los Angeles’ new mayor has vowed to help stanch the flow of film and TV production jobs out of Hollywood, starting with the appointment of a film czar at City Hall. But to make a real difference, Eric Garcetti needs to convince skeptical state pols to combat the lure of rich tax incentives from outside California."
Recommended reading:
How to Cripple Your State in 5 Easy Steps
Michael Moore Tweet: Don't Cry For Us America; You're Next!
Friday, August 9, 2013
Monday, June 17, 2013
Rotting, Decaying And Bankrupt – If You Want To See The Future Of America Just Look At Detroit
Rotting, Decaying And Bankrupt – If You Want To See The Future Of America Just Look At Detroit:
"Eventually the money runs out. Much of America was shocked when the city of Detroit defaulted on a $39.7 million debt payment and announced that it was suspending payments on $2.5 billion of unsecured debt, but those who visit my site on a regular basis were probably not too surprised. Anyone with half a brain and a calculator could see this coming from a mile away."
Recommended reading :
The $17 Trillion Dollar Party
Nike Vs. Lance Armstrong: Is the Pot Calling the Kettle Black?
"Eventually the money runs out. Much of America was shocked when the city of Detroit defaulted on a $39.7 million debt payment and announced that it was suspending payments on $2.5 billion of unsecured debt, but those who visit my site on a regular basis were probably not too surprised. Anyone with half a brain and a calculator could see this coming from a mile away."
Recommended reading :
The $17 Trillion Dollar Party
Nike Vs. Lance Armstrong: Is the Pot Calling the Kettle Black?
Friday, June 14, 2013
Detroit Defaults: Tells Creditors They'll Have to Accept Pennies on the Dollar
Detroit Tells Creditors They'll Have to Accept Pennies on the Dollar:
"In 2009, as the Obama administration pressed through its version of the auto bailout, creditors of companies like General Motors were squeezed into accepting repayments of just pennies on the dollar. The deal was supposed to save Detroit. Instead, creditors of the city of Detroit itself will now be handed pennies on the dollar."
Here is a great excerpt from Patrick Buchanan's book: The Great Betrayal: How American Sovereignty and Social Justice Are Being Sacrificed to the Gods of the Global Economy
"No site better captures yesterday's America than Detroit, forge and furnace of America's democracy. Detroit is the burned out case of American cities. The Empire of the Sun has its revenge. Japanese imports helped kill the city that built the weapons that destroyed the empire. Now grandsons of the soldiers of the imperial army work at high paying manufacturing jobs once held by the fathers of ten-dollar-an-hour retail clerks in Macomb County.
"But why blame the Japanese? We did it to ourselves. We Americans created a post war trading regime, in which, over 25 years, Japan bought 400,000 American cars while selling us 40 million Japanese cars, a ratio of 100:1. One president after another sat still while a third of America'a greatest industry was shipped off to Japan...
"Americans no longer make their own cameras, shoes, radios, TVs, toys. A fifth of our steal, a third of our autos, half our machine tools, and two-thirds of our textiles are made abroad...
"The decline and fall of Middle America was neither preordained nor inevitable. It was engineered in Washington D.C. Wages have fallen and the standard of living of American families has stagnated because of a basic law: the law of supply and demand. The price of labor has been dropping because the supply of labor has exploded...
"Having declared free trade and open borders to be American policy, why are we surprised that corporate executives padlocked their plants in the Rust Belt and moved over seas? Why keep your plants here when you can manufacture at a fraction of the cost abroad, ship your goods back, and pocket the windfall profits that come from firing $20 an hour Americans and hiring fifty-cent-an-hour Asians? A pair of Nikes that sells for $150 in the United States costs $5 in wages to make in Indonesia. Any wonder that Nike president Philip Knight is the fifth richest man in America, with $5.2 billion, while his Indonesian workers make 31 cents an hour?" (Emphasis mine)
"In 2009, as the Obama administration pressed through its version of the auto bailout, creditors of companies like General Motors were squeezed into accepting repayments of just pennies on the dollar. The deal was supposed to save Detroit. Instead, creditors of the city of Detroit itself will now be handed pennies on the dollar."
Here is a great excerpt from Patrick Buchanan's book: The Great Betrayal: How American Sovereignty and Social Justice Are Being Sacrificed to the Gods of the Global Economy
"No site better captures yesterday's America than Detroit, forge and furnace of America's democracy. Detroit is the burned out case of American cities. The Empire of the Sun has its revenge. Japanese imports helped kill the city that built the weapons that destroyed the empire. Now grandsons of the soldiers of the imperial army work at high paying manufacturing jobs once held by the fathers of ten-dollar-an-hour retail clerks in Macomb County.
"But why blame the Japanese? We did it to ourselves. We Americans created a post war trading regime, in which, over 25 years, Japan bought 400,000 American cars while selling us 40 million Japanese cars, a ratio of 100:1. One president after another sat still while a third of America'a greatest industry was shipped off to Japan...
"Americans no longer make their own cameras, shoes, radios, TVs, toys. A fifth of our steal, a third of our autos, half our machine tools, and two-thirds of our textiles are made abroad...
"The decline and fall of Middle America was neither preordained nor inevitable. It was engineered in Washington D.C. Wages have fallen and the standard of living of American families has stagnated because of a basic law: the law of supply and demand. The price of labor has been dropping because the supply of labor has exploded...
"Having declared free trade and open borders to be American policy, why are we surprised that corporate executives padlocked their plants in the Rust Belt and moved over seas? Why keep your plants here when you can manufacture at a fraction of the cost abroad, ship your goods back, and pocket the windfall profits that come from firing $20 an hour Americans and hiring fifty-cent-an-hour Asians? A pair of Nikes that sells for $150 in the United States costs $5 in wages to make in Indonesia. Any wonder that Nike president Philip Knight is the fifth richest man in America, with $5.2 billion, while his Indonesian workers make 31 cents an hour?" (Emphasis mine)
Monday, June 3, 2013
Manufacturing in U.S. Shrinks at Fastest Pace in Four Years
Manufacturing in U.S. Shrinks at Fastest Pace in Four Years - Bloomberg:
"-- Manufacturing in the U.S. unexpectedly contracted in May at the fastest pace in four years, indicating industry will provide scant support for the world’s largest economy. The Institute for Supply Management’s factory index fell to 49 from the prior month’s 50.7, the Tempe, Arizona-based group’s report showed today. Fifty is the dividing line between growth and contraction, and last month’s reading was the lowest since June 2009. The median forecast of 81 economists surveyed by Bloomberg was 51."
Recommended reading:
Nike Vs. Lance Armstrong: Is the Pot Calling the Kettle Black?
"-- Manufacturing in the U.S. unexpectedly contracted in May at the fastest pace in four years, indicating industry will provide scant support for the world’s largest economy. The Institute for Supply Management’s factory index fell to 49 from the prior month’s 50.7, the Tempe, Arizona-based group’s report showed today. Fifty is the dividing line between growth and contraction, and last month’s reading was the lowest since June 2009. The median forecast of 81 economists surveyed by Bloomberg was 51."
Recommended reading:
Nike Vs. Lance Armstrong: Is the Pot Calling the Kettle Black?
Wednesday, May 29, 2013
The Dying Dollar and the Rise of a New Currency Order
The Dying Dollar and the Rise of a New Currency Order | Real Currencies
"For years now, the collapse of the dollar has been in the cards. Recent developments show mounting pressure on the dollar’s reserve currency status. With a major international deflation going on, the threat of inflation through money printing is unreal. However, should the dollar’s reserve currency status end, the repatriation of trillions of petro- and eurodollars could lead to a strongly inflationary scenario."
Recommended reading:
Implantable, Ingestible, or Intimate Contact: How Will You Take Your Mark?
"For years now, the collapse of the dollar has been in the cards. Recent developments show mounting pressure on the dollar’s reserve currency status. With a major international deflation going on, the threat of inflation through money printing is unreal. However, should the dollar’s reserve currency status end, the repatriation of trillions of petro- and eurodollars could lead to a strongly inflationary scenario."
Recommended reading:
Implantable, Ingestible, or Intimate Contact: How Will You Take Your Mark?
Is the Dollar Dying? Why US Currency Is In Danger
Is the Dollar Dying? Why US Currency Is in Danger - cnbc.com
"The U.S dollar is shrinking as a percentage of the world's currency supply, raising concerns that the greenback is about to see its long run as the world's premier denomination come to an end."
Recommended reading;
Dollar Crisis and the Coming Global Collapse of US Hegemony
"The U.S dollar is shrinking as a percentage of the world's currency supply, raising concerns that the greenback is about to see its long run as the world's premier denomination come to an end."
Recommended reading;
Dollar Crisis and the Coming Global Collapse of US Hegemony
Friday, May 3, 2013
Sessions: 57 Million New People to Enter America, Compete for Jobs
Sessions: 57 million New People to Enter America, Compete for Jobs - Breitbart
"Senate Budget Committee ranking member Sen. Jeff Sessions estimates about 57 million new people, immigrants and people with non immigrant visas, will be entering the United States to compete with middle class Americans for their jobs if the “Gang of Eight” immigration bill passes."
Recommended reading:
The Great Betrayal: How American Sovereignty and Social Justice are Being Sacrificed to the Gods of the Global Economy
Note: Before you pass over this great book, please read the following excerpts:
"Where did the jobs go? Farther south than Dixie, farther west than Hawaii: first to Japan, Taiwan, Korea, and Hong Kong; now to Mexico, China, Indonesia, and all across Asia. Some are unconcerned about losing these 'dead-end jobs' in 'sunset industries.' 'I'm a conservative futurist,' says Newt Gingrich. 'We must accelerate America's entry into the Third Wave Information Age.' But not every American belongs to the cognitive elite. Not every American is equipped by nature or nurture to 'accelerate' into a 'Third Wave Information Age.' And when we are rid of all those obsolete industrial jobs, what do we do with the obsolete workers who used to perform them? Who takes care of their families?"
Further recommended reading:
Special Report: The New World Order: It's No Conspiracy Theory!
"Senate Budget Committee ranking member Sen. Jeff Sessions estimates about 57 million new people, immigrants and people with non immigrant visas, will be entering the United States to compete with middle class Americans for their jobs if the “Gang of Eight” immigration bill passes."
Recommended reading:
The Great Betrayal: How American Sovereignty and Social Justice are Being Sacrificed to the Gods of the Global Economy
Note: Before you pass over this great book, please read the following excerpts:
"...the standard of living of American families has stagnated because of a basic law: the law of supply and demand. The price of labor has been dropping because the supply of labor has exploded..."
"Where did the jobs go? Farther south than Dixie, farther west than Hawaii: first to Japan, Taiwan, Korea, and Hong Kong; now to Mexico, China, Indonesia, and all across Asia. Some are unconcerned about losing these 'dead-end jobs' in 'sunset industries.' 'I'm a conservative futurist,' says Newt Gingrich. 'We must accelerate America's entry into the Third Wave Information Age.' But not every American belongs to the cognitive elite. Not every American is equipped by nature or nurture to 'accelerate' into a 'Third Wave Information Age.' And when we are rid of all those obsolete industrial jobs, what do we do with the obsolete workers who used to perform them? Who takes care of their families?"
"No site better captures yesterday's America than Detroit, forge and furnace of America's democracy. Detroit is the burned out case of American cities. The Empire of the Sun has its revenge. Japanese imports helped kill the city that built the weapons that destroyed the empire. Now grandsons of the soldiers of the imperial army work at high paying manufacturing jobs once held by the fathers of ten-dollar-an-hour retail clerks in Macomb County.
"But why blame the Japanese? We did it to ourselves. We Americans created a post war trading regime, in which, over 25 years, Japan bought 400,000 American cars while selling us 40 million Japanese cars, a ratio of 100:1. One president after another sat still while a third of America'a greatest industry was shipped off to Japan...
"Americans no longer make their own cameras, shoes, radios, TVs, toys. A fifth of our steal, a third of our autos, half our machine tools, and two-thirds of our textiles are made abroad...
"The decline and fall of Middle America was neither preordained nor inevitable. It was engineered in Washington D.C. Wages have fallen and the standard of living of American families has stagnated because of a basic law: the law of supply and demand. The price of labor has been dropping because the supply of labor has exploded...
"Having declared free trade and open borders to be American policy, why are we surprised that corporate executives padlocked their plants in the Rust Belt and moved over seas? Why keep your plants here when you can manufacture at a fraction of the cost abroad, ship your goods back, and pocket the windfall profits that come from firing $20 an hour Americans and hiring fifty-cent-an-hour Asians? A pair of Nikes that sells for $150 in the United States costs $5 in wages to make in Indonesia. Any wonder that Nike president Philip Knight is the fifth richest man in America, with $5.2 billion, while his Indonesian workers make 31 cents an hour?"
"But why blame the Japanese? We did it to ourselves. We Americans created a post war trading regime, in which, over 25 years, Japan bought 400,000 American cars while selling us 40 million Japanese cars, a ratio of 100:1. One president after another sat still while a third of America'a greatest industry was shipped off to Japan...
"Americans no longer make their own cameras, shoes, radios, TVs, toys. A fifth of our steal, a third of our autos, half our machine tools, and two-thirds of our textiles are made abroad...
"The decline and fall of Middle America was neither preordained nor inevitable. It was engineered in Washington D.C. Wages have fallen and the standard of living of American families has stagnated because of a basic law: the law of supply and demand. The price of labor has been dropping because the supply of labor has exploded...
"Having declared free trade and open borders to be American policy, why are we surprised that corporate executives padlocked their plants in the Rust Belt and moved over seas? Why keep your plants here when you can manufacture at a fraction of the cost abroad, ship your goods back, and pocket the windfall profits that come from firing $20 an hour Americans and hiring fifty-cent-an-hour Asians? A pair of Nikes that sells for $150 in the United States costs $5 in wages to make in Indonesia. Any wonder that Nike president Philip Knight is the fifth richest man in America, with $5.2 billion, while his Indonesian workers make 31 cents an hour?"
Have a nice Day!
Further recommended reading:
Special Report: The New World Order: It's No Conspiracy Theory!
Friday, March 29, 2013
Obama Pitches Public Works Spending to Create Jobs
Obama Pitches Public Works Spending to Create Jobs
Recommended reading:
Nancy Pelosi: I'm All for Balancing the Budget - In A Few Decades
Explaining Obama's Economy to 6th Graders
America's $17 Trillion Dollar Party
The Future Children's Project: "Mom and Dad, We're Blaiming You!"
Recommended reading:
Nancy Pelosi: I'm All for Balancing the Budget - In A Few Decades
Explaining Obama's Economy to 6th Graders
America's $17 Trillion Dollar Party
The Future Children's Project: "Mom and Dad, We're Blaiming You!"
Thursday, March 28, 2013
Why Texas Wants its Gold Back from the Feds
Why Texas Wants its Gold Back from the Feds - WND News
Excerpts:
“'The eyes of Texas are upon you' goes the song, but right now those eyes seem to be squarely focused on the financial crisis in Cyprus. Texas Gov. Rick Perry is supporting a bill that would return the state’s $1 billion in gold reserves currently stored by the Federal Reserve at a vault in New York to the state. The sponsor of the bill, State Rep. Giovanni Capriglione, R-Southlake, told the Texas Tribune, “For us to have our own gold, a lot of the runs on the bank and those types of things, they happen because people are worried that there’s nothing there to back it up.”
Recommended reading (my post):
A Civil War is Brewing in America: Now 340 Sherriffs Refuse to Enforce Gun Control Laws
Excerpts:
“'The eyes of Texas are upon you' goes the song, but right now those eyes seem to be squarely focused on the financial crisis in Cyprus. Texas Gov. Rick Perry is supporting a bill that would return the state’s $1 billion in gold reserves currently stored by the Federal Reserve at a vault in New York to the state. The sponsor of the bill, State Rep. Giovanni Capriglione, R-Southlake, told the Texas Tribune, “For us to have our own gold, a lot of the runs on the bank and those types of things, they happen because people are worried that there’s nothing there to back it up.”
Recommended reading (my post):
A Civil War is Brewing in America: Now 340 Sherriffs Refuse to Enforce Gun Control Laws
Saturday, March 23, 2013
Today in the News - March 23, 2013
Here is what is going on in the world today:
Told Ya So: Severe Ammo Shortage Hits Law Enforcement Just as Natural News Predicted Months Ago - Natural News
Economist Paul Craig Roberts Analyzies Cyprus Bank Crisis, Says There's a "Triple Bubble Implosion Coming:" - Infowars
UN Arms Trade Treaty: National List of Gun Owners, Ammunition Regulation - The New American
Michael Moore: 90 Percent of Guns Owned by 'Scared' White People - Breitbart
Podcasts
Storm Warnings, by Pastor Trevor Hammack
Economic Storm Coming, by Pastor Trevor Hammack
Fighting Against Satan, by Dr. Joel Beeke
Fighting Against Worldliness, by Dr. Joel Beeke
Pediatricians Back Gay Marraige, by Curt Arend
Rob Bell Supports Homosexuality, by Curt Arend (Also check out Who the Hell is Rob Bell?, WND News)
Told Ya So: Severe Ammo Shortage Hits Law Enforcement Just as Natural News Predicted Months Ago - Natural News
Economist Paul Craig Roberts Analyzies Cyprus Bank Crisis, Says There's a "Triple Bubble Implosion Coming:" - Infowars
UN Arms Trade Treaty: National List of Gun Owners, Ammunition Regulation - The New American
Michael Moore: 90 Percent of Guns Owned by 'Scared' White People - Breitbart
Podcasts
Storm Warnings, by Pastor Trevor Hammack
Economic Storm Coming, by Pastor Trevor Hammack
Fighting Against Satan, by Dr. Joel Beeke
Fighting Against Worldliness, by Dr. Joel Beeke
Pediatricians Back Gay Marraige, by Curt Arend
Rob Bell Supports Homosexuality, by Curt Arend (Also check out Who the Hell is Rob Bell?, WND News)
Wednesday, March 20, 2013
Does America Have a "Debt Crisis?"
According to our President, no, we don't (See President Obama: There is No Debt Crisis). That is his opinion. But if you'd like a second opinion, check out the following article by Ed Butowsky:
Wake Up America! The Debt is Hurting You Today
Here is an excerpt from this article:
For extra credit, check out Patrick Buchanan's excellent book:
The Great Betrayal: How American Sovereignty and Social Justice are Being Sacrificed to the Gods of the Global Economy
Wake Up America! The Debt is Hurting You Today
Here is an excerpt from this article:
"The government spends more money than
it takes in. In fact, it spends one trillion dollars more than it takes
in every year. Since it doesn’t collect enough in taxes to pay for
everything, it borrows money (debt) from other countries to fill that
gap. That debt costs even more money in the form of interest payments.
Currently, we must pay $500 billion in interest every year. That money has to come from somewhere,
so we literally need to print money out of 'thin air.' When you
mass-produce anything, its value drops. So if we buy anything outside of
our borders, our money will have less value (relative to the currency
of another country) for us having printed more of it. Since our money
has less and less value, that makes any items we buy outside our borders
more and more expensive. And guess what? We purchase 70 percent of what we consume from outside
our borders – such as food, oil, and countless other commodities that
are in the products we use every day."
Recommended reading:
If Your Outgo Exceeds Your Income, Your Upkeep will Be Your Downfall (my post)
How Democrats Need You to Misunderstand 'Deficit' and 'Debt'
How Democrats Need You to Misunderstand 'Deficit' and 'Debt'
For extra credit, check out Patrick Buchanan's excellent book:
The Great Betrayal: How American Sovereignty and Social Justice are Being Sacrificed to the Gods of the Global Economy
Tuesday, March 12, 2013
Is it True that '90% of Dairy Workers in Idaho Are Illegal?'
90% of State's Dairy Workers Illegal? - WND News
Excerpt:
"[US Rep. from Idaho] Labrador adds, 'There is no visa for them to be able to work here and nobody else will do those jobs.' WND reported in 2005 on an analysis that indicated those types of jobs actually may be open because of low wages caused by illegal immigration. The report by investment firm Bear Stearns showed that between four and six million U.S. jobs had shifted from the legal work force to the underground since 1990, 'as employers have systematically replaced American workers with lower wage illegal aliens.' ...Jim Gilchrist, the founder of the Minuteman Project, told WND when the recession hit in 2008 that America can no longer afford to operate under the assumption that only immigrants would be willing to do low-wage work. In hard times, many citizens will be looking for any job they can find."
I grew up on a dairy farm, and worked many years on dairy farms after I dropped out of high school. Some of the men (and women) I worked with were in the country illegally, but certainly not 90%. That never bothered men then. Most of the people I worked with were in this country for one reason - to work! And many sent much of their earnings to their family in Mexico and other central and Latin American countries.
In more recent years I've met people who were in this country for less noble reasons, but I have nothing but respect for the guys (and gals) I used to work with on the farms.
Recommended reading (my post):
What is the Meaning of 'Not in the Labor Force?'
The Great Betrayal: How American Sovereignty and Social Justice are Being Sacrificed to the Gods of the Global Economy
Excerpt:
"[US Rep. from Idaho] Labrador adds, 'There is no visa for them to be able to work here and nobody else will do those jobs.' WND reported in 2005 on an analysis that indicated those types of jobs actually may be open because of low wages caused by illegal immigration. The report by investment firm Bear Stearns showed that between four and six million U.S. jobs had shifted from the legal work force to the underground since 1990, 'as employers have systematically replaced American workers with lower wage illegal aliens.' ...Jim Gilchrist, the founder of the Minuteman Project, told WND when the recession hit in 2008 that America can no longer afford to operate under the assumption that only immigrants would be willing to do low-wage work. In hard times, many citizens will be looking for any job they can find."
I grew up on a dairy farm, and worked many years on dairy farms after I dropped out of high school. Some of the men (and women) I worked with were in the country illegally, but certainly not 90%. That never bothered men then. Most of the people I worked with were in this country for one reason - to work! And many sent much of their earnings to their family in Mexico and other central and Latin American countries.
In more recent years I've met people who were in this country for less noble reasons, but I have nothing but respect for the guys (and gals) I used to work with on the farms.
Recommended reading (my post):
What is the Meaning of 'Not in the Labor Force?'
The Great Betrayal: How American Sovereignty and Social Justice are Being Sacrificed to the Gods of the Global Economy
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