Are The Government And The Big Banks Quietly Preparing For An Imminent Financial Collapse?
In normal times, the U.S. government does not tell major banks to "develop plans for staving off collapse".
But according to a recent Reuters article, that is apparently exactly what has been happening....
22 Stats That Show How The Emerging One World Economy Is Absolutely Killing American Workers
But instead of pursuing a balanced trade philosophy, our politicians were so enamored with the emerging one world economy that they threw all caution to the wind.
So we have lost tens of thousands of businesses, millions of jobs and trillions of dollars of our national wealth.
Startling Evidence That Central Banks And Wall Street Insiders Are Rapidly Preparing For Something BIG
Startling Evidence That Central Banks And Wall Street Insiders Are Rapidly Preparing For Something BIG
Jacob Rothschild, John Paulson And George Soros Are All Betting That Financial Disaster Is Coming
Let's start with Jacob Rothschild. Apparently he believes that the euro is headed for quite a tumble. The following is from a recent CNBC article....
But what constitutes the measure of our prosperity, or of our wealth? Is it the result of the effort? Or is it the effort itself? A relation always subsists between the effort employed and the result obtained. Progress consists in the relative enhancement of the second or of the first term of this relation.
Both theses have been maintained; and in political economy they have divided the region of opinion and of thought.
According to the first system, wealth is the result of labor, increasing as the relative proportion of result to effort increases. Absolute perfection, of which God is the type, consists in the infinite distance interposed between the two terms — in this sense, effort is nil, result infinite.
The second system teaches that it is the effort itself that constitutes the measure of wealth. To make progress is to increase the relative proportion which effort bears to result. The ideal of this system may be found in the sterile and eternal efforts of Sisyphus.
The first system naturally welcomes everything which tends to diminish pains and augment products; powerful machinery that increases the forces of
One of the things we are trying to do in these lectures presented by the Centro de Estudios sobre la Libertad is to open the eyes of people who have heard so much about the promises of socialists and government interventionists to use political power to improve the economic situation of the poor, the sick, the young, the aged, and all others with whom they seek popularity. Actually, the only way for governments to improve the economic condition of their citizens is to provide equal protection of life, property, and the marketplace for everyone, while peacefully adjudicating disputes which might otherwise lead to frictions and infractions of the peace. Using the force of government to take from some to provide special privileges for favored groups will never improve
For each of us, life is a problem of how to use our limited means to produce more of the things that provide us and our loved ones with the greatest possible satisfaction. We daily strive to satisfy our most important wants before we try to satisfy those we consider less important. In short, we constantly seek to improve our situation by exchanging something we have for something we prefer. The prime function of government is to provide an atmosphere in which more and more mutually beneficial exchanges can take place.
by Gary North
There have been cases of hyperinflation in the past that have become legendary. The most famous of all of these hyperinflations is Germany from 1921 through 1923. Simultaneous with that hyperinflation was a hyperinflation in Austria. These were not the worst cases of hyperinflation in history, but they were the worst cases in industrial societies. The worst case was Hungary for two years immediately after World War II. The second-worst case took place a few years ago in Zimbabwe. Both were agricultural nations.
No other nations in western Europe have ever experienced anything like the hyperinflations of Germany and Austria in the early 1920s. Their currency systems were completely destroyed. Farmers were able to pay off debts that had been accumulated prior to World War I by selling one egg and handing the money over to the creditor. This of course destroyed the creditors. It is generally believed that the middle class in both Germany and Austria suffered enormous losses. They had been creditors.
On the origin of specie
Theories on where money comes from say something about where the dollar and euro will go
Money fulfils three main functions. First, it must be a medium of exchange, easily traded for goods and services. Second, it must be a store of value, so that it can be saved and used for consumption in the future. Third, it must be a unit of account, a useful measuring-stick. Lots of things can do these jobs. Tea, salt and cattle have all been used as money. In Britain’s prisons, inmates currently favour shower-gel capsules or rosary
The problem, these purveyors of the conventional wisdom all said, was Medicare -- to be more specific, the future changes in Medicare set out in the budget resolutions Ryan fashioned as House Budget Committee chairman and persuaded almost all House and Senate Republicans to vote for.
The purpose of hedge funds is to make money, and what Bacon essentially said was that it is impossible to make money when there is heavy political involvement, because political involvement introduces unpredictability in the market. Therefore, prudent investment becomes impossible. Hedge funds have become critical to global capital allocation because their actions influence other important actors, and their unwillingness to invest and trade has significant implications for capital availability. If others follow Moore Capital's lead, as they will, there will be greater difficulty in raising the capital needed to address the problem of Europe.
Niall Ferguson: Obama’s Gotta GoWhy does Paul Ryan scare the president so much? Because Obama has broken his promises, and it’s clear that the GOP ticket’s path to prosperity is our only hope.
From Joe Biden to Sarah Palin to John Edwards, none of them were ever known for their grasp of economic policy.
But Paul Ryan is different.
His selection as vice presidential nominee last weekend has significant implications for the economy if the Republican ticket wins Election 2012.
Jim Rogers: It's Going To Get Really "Bad After The Next Election"By Terry Weiss
In a riveting interview on CNBC, legendary investor Jim Rogers warned Americans to prepare for "Financial Armageddon," saying he fully expects the economy to implode after the U.S. election.
Rogers, who for years has been an outspoken critic of the Feds policies of "Quantitative Easing," says the world is "drowning in too much debt." He put the blame squarely on U.S. and European governments for abusing their "license to print money." In the U.S. alone, the national debt has surged to nearly $16 trillion, that's more than $50,000 for every American man, woman and child.
"[They] need to stop spending money they don't have," Rogers said. "The solution to too much debt is not more debt... What would make me very excited is if a few people [in the government] went bankrupt..." Rogers added.
Fear of Mitt Romney's crowd sizes and much better
Vice President Joe Biden's comments in Virginia today reinforce the new normal for Obama's running-on-empty campaign: There's nothing good to say about the administration's record over the past four years, so there's nothing to say at all.
Instead of making the case for why Obama and Biden should get another four years, the Vice President is making up one slur after another.
Yesterday it was taking a shot at Paul Ryan by invoking Ryan's dead father .
Today, Biden went one worse by claiming that Republican Mitt Romney wants to "put y'all back in chains" when he supposedly allows "the big
Obama deputy campaign manager Stephanie Cutter doubled-down on Biden's remarks denying there was anything the matter with his comments.
As for the President himself, he's back criticizing Romney over Romney's dog Seamus .
Is this really the same team that brought us the oh-so-disciplined and focused effort of four years ago?
Growth is sinking back toward the recession red zone and unemployment’s firmly stuck at over 8 percent for 42 straight months.
It’s no wonder a new Gallup poll finds 75 percent of us “dissatisfied” with the direction of the country. Or that a CNN
So Obama isn’t even trying to make the “Morning in America” case for his re-election. He now concedes that “the economy isn’t where it needs to be” and that “we have a lot more work to do.” But he’s quick to add that the Not-So-Great Recovery isn’t his fault, saying: “Throughout history, it has typically taken countries up to 10 years to recover from
“Congressman Akin’s statements were wrong, offensive and indefensible,” Texas Sen. John Cornyn, head of the National Republican Senatorial Committee, said Monday. “I recognize that this is a difficult time for him, but over the next twenty-four hours, Congressman Akin should carefully consider what is best for him, his family, the Republican Party, and the values that he cares about and has fought for throughout his career in public service.”
Homosexual agenda on national display
Back in May, when President Obama personally came out in support of same-sex “marriage,” I spoke to a group of pastors in Maryland, all of them serving minority communities. The vast majority of those pastors were lifelong Democrats, so they were very concerned. The one thing that gave them hope was that the president had gone out of his way to make sure everyone knew that his support reflected merely his personal beliefs.
ByKerry Picket -
Last week my opponent put out a tv ad depicting me beating women. That ad is disgraceful and despicable. As a husband and father of two daughters, I found Congressman Todd Akin’s comments about rape to be in the same vein. These comments are simply unacceptable. There is no place in politics for these type of comments and attitudes toward women.
Food-stamp presidentmotivated by control
President Obama wants to give you free stuff. Lots and lots of free stuff. At least, he’d like you to believe it’s free. Free health care. Free welfare checks. Free food stamps. But as the saying goes, free stuff or freedom: Choose one.
As any teenager knows, you don’t escape mom and dad’s rules until you pay your own bills. Some say our overbearing government is similarly paternalistic, which is insulting enough but simply untrue. Good parents prepare their children for independence, whereas Mr. Obama wants to increase Americans’ dependence on his government.
“It seems the first victim of an Obama campaign is truth — it has been sad and disappointing,” Mr. Romney said, alluding to Mr. Obama’s charge that Mr. Romney’s plan to cut tax rates would shift more of the tax burden from the rich to lower-income earners. “Let me tell you the heart of my tax proposal: I will not raise taxes on the American people; I will not raise taxes on middle-income Americans.”
Attacks on rival are fair game, president says
“We point out sharp differences between the candidates, but we don’t go out of bounds,” Mr. Obama told reporters at the White House. “When you look at the campaign we’re running, we are focused on the issues and the differences that matter to working families all across America.”
In his first news conference in more than two months, the president tried to remain above the fray of a campaign that has turned increasingly ugly. He did so by ignoring the details of one of his campaign’s attacks on Mr. Romney, and by claiming no connection to another one directed by his former deputy White House spokesman.
A new e-book, Obama’s Last Stand, reveals details about the disarray in President Barack Obama’s reelection campaign and Obama’s thin-skinned narcissism that, according to the mainstream media’s own standards, should disqualify Obama from being elected again.
So now Mohamed Morsi, the new Islamist president of Egypt, announces that later this month he will visit Iran. And the response is near silence from Washington officialdom, on both sides of the aisle. The Beltway-minded National Journal published no fewer than ten stories summing up this Sunday’s talk shows; it deemed that the big topics were taxes--Mitt Romney’s and ours--Medicare, and Joe Biden’s silly comments. The word “Egypt” failed to appear once in any of the ten pieces.
Today, during his impromptu press briefing featuring lie after lie, President Obama told a whopper with regard to his campaign and Mitt Romney. “Nobody accused Mr. Romney of being a felon,” said the delusional commander-in-chief. He added, “we point out sharp differences between the candidates, but we don’t go out of bounds.”
Huge Ohio Crowds Greet GOP Wunderkind Running In Nation's Most Critical Senate Race
This picture is the Obama Campaign's worst nightmare.This photo sends chills up Harry Reid's spine.
This photo could shift the tide of voter demographics in the critical wowing state of Ohio for the next decade.
This is the crowd that turned up for US Senate candidate Josh Mandel who is running to defeat Obama stalwart Sherrod Brown. Mr. Mandel, Iraq War veteran and Ohio State Treasurer, was set to introduce Mitt Romney in Chillicothe. Over 5,000 filled the center of the south central Ohio town and greeted Mandel with a rousing Buckeye embrace.