In The News
Here's change for ya. Change from Iraq to Afghanistan. More Than 17,000 Troops Headed to Afghanistan - FOXNews.com "This reinforcement will contribute to the security of the Afghan people and to stability in Afghanistan," Obama said in a statement. "I recognize the extraordinary strain that this deployment places on our troops and military families. I honor their service, and will give them the support they need."
Obama's Picks Don't Change the Culture in Washington President Barack Obama has indeed made history. His selections for his Cabinet and other top government offices make a mockery of his much publicized campaign promises to give us "the most sweeping ethics reform in history" and to "close the revolving door" to lobbyists.
September 18, 2008: Edge of Collapse The collapse revelation came a few days ago from Rep. Paul Kanjorski (D-Pennsylvania) when he was interviewed on C-Span.
On Thursday [the 18th], at about 11 o’clock in the morning, the Federal Reserve noticed a tremendous drawdown of money market accounts in the United States to a tune of $550 billion being drawn out in a matter of an hour or two.
The Treasury opened up its window to help. They pumped $105 billion into the system and quickly realized that they could not stem the tide. We were having an electronic run on the banks.
They decided to close the operation, close down the money accounts, and announce a guarantee of $250,000 per account so there wouldn’t be further panic and there. And that’s what actually happened.
If they had not done that their estimation was that by two o’clock that afternoon, $5.5 trillion would have been drawn out of the money market system of the United States, would have collapsed the entire economy of the United States, and within 24 hours the world economy would have collapsed.
Now we talked at that time about what would have happened if that happened. It would have been the end of our economic system and our political system as we know it.
America Has To Come To Grips With The Fact It Is Bankrupt - The International Forecaster If we are correct, and we believe we are, the stimulus package and TARP, plus all the other bailouts are not going to work. This so-called solution is just more of the same, but more of it. When you stop to think of it how can a bankrupt nation with a fiat currency save a banking system that is bankrupt as well? The solution to this is a simple. Back the dollar with gold and set the official price at $2,000 an ounce, although it may be trading at $3,000 in the marketplace. The US Mint would then vastly increase the number of gold coins available for purchase. Of course if the treasury has little or no gold they cannot do this, and the whole system collapses. Otherwise, with gold backing, capital would flow to America. Such a currency would allow nominal interest rates and would draw users and prices would remain stable. Eventually all countries would do likewise, set a world gold standard, and tariffs that suited their circumstances. If a nation was short on gold or had none, they’d have to sell assets to others to accumulate gold.
UN lobbies for share of bank rescue funds - Times Online The UN and the World Bank are lobbying for a portion of the billions of dollars allocated to bailing out the West's banking systems to be diverted to prevent 400 million people sinking into poverty across Asia in the wake of the global economic crisis.
UN officials say that such a plan is necessary to prevent severe social unrest in poor countries, especially among the tens of millions of migrant workers who are being forced back to their villages as jobs dry up in the cities of Asia.
A similar scheme has been proposed by Robert Zoellick, the head of the World Bank, who recently called for a "Vulnerability Fund" to which each developed country would contribute 0.7 per cent of its stimulus package.
Rich Chinese fly in to buy bargain homes in US - Times Online
Failure to save East Europe will lead to worldwide meltdown - Telegraph The last line in this article...If one spark jumps across the eurozone line, we will have global systemic crisis within days. Are the firemen ready?
How the Crash Will Reshape America - The Atlantic (March 2009)
Could 'Fairness Doctrine' Be Used to Police the Internet? - Presidential Politics Political News - FOXNews.com "This borders between stupidity and sheer insanity," said conservative radio talk show host Mike Gallagher, when told about the Spectator report. "I can't wait until they try to monitor how many conservative posts are on a thread versus how many liberal posts are on a thread."
Obama's Picks Don't Change the Culture in Washington President Barack Obama has indeed made history. His selections for his Cabinet and other top government offices make a mockery of his much publicized campaign promises to give us "the most sweeping ethics reform in history" and to "close the revolving door" to lobbyists.
September 18, 2008: Edge of Collapse The collapse revelation came a few days ago from Rep. Paul Kanjorski (D-Pennsylvania) when he was interviewed on C-Span.
On Thursday [the 18th], at about 11 o’clock in the morning, the Federal Reserve noticed a tremendous drawdown of money market accounts in the United States to a tune of $550 billion being drawn out in a matter of an hour or two.
The Treasury opened up its window to help. They pumped $105 billion into the system and quickly realized that they could not stem the tide. We were having an electronic run on the banks.
They decided to close the operation, close down the money accounts, and announce a guarantee of $250,000 per account so there wouldn’t be further panic and there. And that’s what actually happened.
If they had not done that their estimation was that by two o’clock that afternoon, $5.5 trillion would have been drawn out of the money market system of the United States, would have collapsed the entire economy of the United States, and within 24 hours the world economy would have collapsed.
Now we talked at that time about what would have happened if that happened. It would have been the end of our economic system and our political system as we know it.
America Has To Come To Grips With The Fact It Is Bankrupt - The International Forecaster If we are correct, and we believe we are, the stimulus package and TARP, plus all the other bailouts are not going to work. This so-called solution is just more of the same, but more of it. When you stop to think of it how can a bankrupt nation with a fiat currency save a banking system that is bankrupt as well? The solution to this is a simple. Back the dollar with gold and set the official price at $2,000 an ounce, although it may be trading at $3,000 in the marketplace. The US Mint would then vastly increase the number of gold coins available for purchase. Of course if the treasury has little or no gold they cannot do this, and the whole system collapses. Otherwise, with gold backing, capital would flow to America. Such a currency would allow nominal interest rates and would draw users and prices would remain stable. Eventually all countries would do likewise, set a world gold standard, and tariffs that suited their circumstances. If a nation was short on gold or had none, they’d have to sell assets to others to accumulate gold.
UN lobbies for share of bank rescue funds - Times Online The UN and the World Bank are lobbying for a portion of the billions of dollars allocated to bailing out the West's banking systems to be diverted to prevent 400 million people sinking into poverty across Asia in the wake of the global economic crisis.
UN officials say that such a plan is necessary to prevent severe social unrest in poor countries, especially among the tens of millions of migrant workers who are being forced back to their villages as jobs dry up in the cities of Asia.
A similar scheme has been proposed by Robert Zoellick, the head of the World Bank, who recently called for a "Vulnerability Fund" to which each developed country would contribute 0.7 per cent of its stimulus package.
Rich Chinese fly in to buy bargain homes in US - Times Online
Failure to save East Europe will lead to worldwide meltdown - Telegraph The last line in this article...If one spark jumps across the eurozone line, we will have global systemic crisis within days. Are the firemen ready?
How the Crash Will Reshape America - The Atlantic (March 2009)
Could 'Fairness Doctrine' Be Used to Police the Internet? - Presidential Politics Political News - FOXNews.com "This borders between stupidity and sheer insanity," said conservative radio talk show host Mike Gallagher, when told about the Spectator report. "I can't wait until they try to monitor how many conservative posts are on a thread versus how many liberal posts are on a thread."
Labels: Economy, Fariness Doctrine, News, OBlahBlahBlahma, Politics
posted by Mrs. D | 6:19 AM
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