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Porter Stansberry : This key gov't statistic is signaling crisis - 0 views

www.thedailycrux.com/...Porter_Stansberry porter-stansberry Guidotti-Greenspan-rule debt-interest-expense financing-sovereign-debt usa-default
shared by Gary Edwards on 08 Apr 10 - Cached
  • These obligations aren't future promises to pay. This isn't Medicare spending projected out until 2040. These are all obligations that either have known maturities or will come due in the next two or three years.
  • What's a reasonable rate of interest on these debts? Right now, it costs the U.S. government almost 5% to borrow for 30 years. Let's assume the blended borrowing cost goes to that amount – which is well below the government's average borrowing costs since 1980. That would equal $1 trillion in interest payments due, per year. That's 100% of all income taxes paid in 2009.
  • Gary Edwards on 08 Apr 10
     
    Key Stat: The amount of the government's revenues that must go towards paying interest. The U.S. already has more debt than it can afford, which puts it at an enormous risk of a debt and currency collapse.  ... Our "short term" debt means we'll have to "roll over" roughly $4 trillion in the next 30 months. That's in addition to funding another $3 trillion or so in additional annual deficits. As of today, China is a net seller of Treasury debt. If we can't fund our debts in the bond market, the Federal Reserve will be forced to monetize our deficits by buying Treasury bonds. If that happens, inflation will soar and the price of gold will double or triple almost overnight. By the end of OBAMA!'s first presidency (2013), I believe the U.S. will owe roughly: $17.8 trillion in federal debt, $2 trillion in GSE debt/guarantees, $500 billion in FDIC obligations, and $500 billion in FHA obligations. My only big assumption is $1.5 trillion in additional deficits each year, which is what the president's budget also predicts.  Right now, it costs the U.S. government almost 5% to borrow for 30 years. Let's assume the blended borrowing cost goes to that amount - which is well below the government's average borrowing costs since 1980. That would equal $1 trillion in interest payments due, per year. That's 100% of all income taxes paid in 2009. This amount of debt isn't sustainable. Felix Zulauf, one of Europe's top money managers, "Eventually the U.S. will arrive at the point where, as Marc Faber says, interest payments on government debt all of a sudden go to 20%, 25%, 30% of tax revenue. And once you go above 30%, you are done. You go into default or your currency breaks down and your system collapses."  act now to protect yourself. If you wait until the last minute to get your assets out of the U.S., you'll never make it.
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Obama and 'Redistributive Change' - Victor Davis Hanson - National Review Online - 1 views

article.nationalreview.com/...victor-davis-hanson Obammunism statist
shared by Gary Edwards on 08 Apr 10 - Cached
  • in the president’s own language, the government must equalize the circumstances of the “waitress” with those of the “lucky.” It is thus a fitting and proper role of the new federal government to rectify imbalances of compensation — at least for those outside the anointed Guardian class.
  • In a 2001 interview Obama in fact outlined the desirable political circumstances that would lead government to enforce equality of results when he elaborated on what he called an “actual coalition of powers through which you bring about redistributive change.”
  • Instead, the notion that the state will assume control, in Canada-like fashion, and level the health-care playing field was the real concern. “They” (the few) will now have the same care as “we” (the many). Whether the result is worse or better for everyone involved is extraneous, since sameness is the overarching principle
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  • The president believes that a select group of affluent, highly educated technocrats — cosmopolitan, noble-minded, and properly progressive — supported by a phalanx of whiz-kids fresh out of blue-chip universities with little or no experience in the marketplace, can direct our lives far better than we can ourselves. By “better” I do not mean in a fashion that, measured by disinterested criteria, makes us necessarily wealthier, happier, more productive, or freer.
  • equality-of-results thinking
  • Gary Edwards on 08 Apr 10
     
    When radical leaders over the last 2,500 years have sought to enforce equality of results, their prescriptions were usually predictable: redistribution of property; cancellation of debts; incentives to bring out the vote and increase political participation among the poor; stigmatizing of the wealthy, whether through the extreme measure of ostracism or the more mundane forced liturgies; use of the court system to even the playing field by targeting the more prominent citizens; radical growth in government and government employment; the use of state employees as defenders of the egalitarian faith; bread-and-circus entitlements; inflation of the currency and greater national debt to lessen the power of accumulated capital; and radical sloganeering about reactionary enemies of the new state. The modern versions of much of the above already seem to be guiding the Obama administration - evident each time we hear of another proposal to make it easier to renounce personal debt; federal action to curtail property or water rights; efforts to make voter registration and vote casting easier; radically higher taxes on the top 5 percent; takeover of private business; expansion of the federal government and an increase in government employees; or massive inflationary borrowing. The current class-warfare "them/us" rhetoric was predictable. Usually such ideologies do not take hold in America, given its tradition of liberty, frontier self-reliance, and emphasis on personal freedom rather than mandated fraternity and egalitarianism. At times, however, the stars line up, when a national catastrophe, like war or depression, coincides with the appearance of an unusually gifted, highly polished, and eloquent populist. But the anointed one must be savvy enough to run first as a centrist in order later to govern as a statist.
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US debt problem visualized: Debt stacked in 100 dollar bills - 1 views

usdebt.kleptocracy.us Banksters Federal-Reserve-Bank-Cartel national-debt-Ceiling Trillion Debt-Visual banksters
shared by Gary Edwards on 29 Jul 11 - No Cached
  • Gary Edwards on 29 Jul 11
     
    From USDebt.Kleptocracy.us.  These visual depictions of our national debt are based on Federal Reserve Bankster Cartel numbers and the USdebtclock.org.  Warning; this will wreck your day.  Our government is spending us into a hole future generations will never dig out of.  And they refuse to stop spending. $114,500,000,000,000. - US unfunded liabilities To the right you can see the pillar of cold hard $100 bills that dwarfs the WTC & Empire State Building - both at one point world's tallest buildings. If you look carefully you can see the Statue of Liberty. The 114.5 Trillion dollar super-skyscraper is the amount of money the U.S. Government knows it does not have to fully fund the Medicare, Medicare Prescription Drug Program, Social Security, Military and civil servant pensions. It is the money USA knows it will not have to pay all its bills. If you live in USA this is also your personal credit card bill; you are responsible along with everyone else to pay this back. The citizens of USA created the U.S. Government to serve them, this is what the U.S. Government has done while serving The People. The unfunded liability is calculated on current tax and funding inputs, and future demographic shifts in US Population. Note: On the above 114.5T image the size of the base of the money pile is half a trillion, not 1T as on 15T image. The height is double. This was done to reflect the base of Empire State and WTC more closely.
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Did Israeli army deliberately kill its own captured soldier and destroy Gaza ceasefire?... - 0 views

electronicintifada.net/...tured-soldier-and-destroy-gaza war & peace Israel Gaza Rafah-Massacre Hannibal-Directive war crimes
shared by Paul Merrell on 28 Aug 14 - No Cached
  • On Saturday evening, the Israeli army stated that Hadar Goldin, the soldier it claimed Hamas had captured on Friday morning, is dead: on Twitter A special IDF committee has concluded that Lt. Hadar Goldin was killed in combat in Gaza on Friday. May his memory be a blessing.— IDF (@IDFSpokesperson) August 2, 2014 It was on the pretext of searching for the missing soldier that Israel slaughtered at least 110 of people in the southern Gaza town of Rafah since Friday morning, destroying what was supposed to be a 72-hour humanitarian ceasefire. But the toll is rising as more bodies are found. “Such was the savagery of Israel’s bombardment in Rafah, such was the quantity of dead bodies, that there was simply no other option but to use vegetable refrigerators as makeshift morgues,” journalist Mohammed Omer, who hails from Rafah, reports.
  • One wonders whether US President Barack Obama will now retract his hasty statement – no doubt based on misinformation from Israel – blaming Hamas for capturing the soldier and demanding that he be “unconditionally” released. Now that Israel has, like Hamas, concluded that Goldin is dead, the question remains whether someone in the Israeli army gave the order to shell Rafah to kill him and prevent Hamas taking a live prisoner.
  • Friday turned into yet another day of horror for Palestinians in Gaza, as Israel committed massacres and atrocities claiming the lives of at least 100 people. It wasn’t supposed to be that way. Friday was meant to be the first day of a three-day “humanitarian ceasefire” announced on Thursday evening by the United Nations and the United States.
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  • Israel has long had a murky procedure called the Hannibal Directive that some interpret as an order to do whatever it takes to prevent a soldier’s capture, even if it means killing him in the process.
  • Here’s Israel’s version, as reported in Ynet: According to an announcement by the IDF [Israeli army], at 9:30 am Friday, terrorists opened fire at IDF forces in southern Gaza. Initial information from the scene indicated that there is a chance that an IDF soldiers [sic] was kidnapped [sic] during the incident. Israel claims that the soldiers were working to destroy a resistance tunnel and that such “defensive” activities were permitted by the ceasefire agreement. What Israel does not dispute is that its occupation forces were carrying out operations in the Gaza Strip.
  • But an interesting observation comes from this tweet: on Twitter Just returned from Southern gaza - got to border with Israel multiple artillery barrages whilst there an hour after supposed ceasefire— Rageh Omaar (@ragehomaar) August 1, 2014 If Omaar is right, this would mean that Israel was already heavily shelling in the Rafah area by around 9am, since the ceasefire was supposed to begin at 8am. And if the artillery barrages followed the killing and alleged capture of Israeli soldiers by Qassam it would also mean that the incident could have occurred before 9:30am.
  • Around 10am many more reports started to come in of mass casualties from “indiscriminate shelling” on George Street, east of Rafah. If the shelling indeed began between 9 and 10am, it would mean that Israel launched a massive and indiscriminate barrage at just about the time it says its soldier was captured. This makes no sense if Israeli forces wanted to ensure the captured soldier’s safety. After all, he could be killed along with his captors.
  • Qassam did not comment for the whole of Friday on Israel’s assertion that one of its soldiers was captured. Early on Saturday it issued a new military communiqué condemning the “ongoing horrifying massacre of civilians in Rafah” and reaffirming its earlier version and timeline of events. But it has these important additions: We lost contact with the group of fighters that were stationed at that location and we believe that all members of the unit were martyred and the soldier the enemy says went missing was killed in the Zionist shelling, assuming that the fighters did capture him during the confrontation. We in Qassam have no knowledge up to this moment about the missing soldier, nor his whereabouts nor the circumstances of his disappearance. It is reasonable to assume that Qassam has no motive to be deceptive about this; a captured Israeli soldier is a valuable asset. If they had him they would either boast about it or keep quiet and perhaps seek to trade information about him for concessions from Israel.
  • If the Israeli soldier was killed, it is possible that it was unintentional “friendly fire.” But again, forces that were intent on protecting and rescuing a missing soldier would be foolhardy to launch massive air raids or barrages of artillery fire in the area where he was captured. This leaves open the question of whether Israeli forces intended to kill the missing soldier. The Hannibal Directive The “Hannibal Directive” captured the Israeli imagination in the mid-1980s, when ongoing incursions and occupation in Lebanon, following the 1982 invasion, confronted the Israeli army with opportunities to experience capture. Popular understanding of this directive is phrased as “a dead soldier is better than a kidnapped [sic] one” – which was taken to mean that it would be better to kill a captured prisoner of war than have him remain alive.
  • There was much discussion on Twitter about this being the reason for the shelling of Rafah on Friday morning, including in reports from Ynet’s military reporter Attila Somfalvi, that the words “Hannibal! Hannibal!” were shouted over military communication systems.
  • Journalist Haim Har-Zahav reminisced that it took 50 minutes before the directive was put into practice on the Lebanon border, in 2006 and almost an hour in 1991, but that his own brigade took only a few minutes. Sports commentator Ouriel Daskal stated outright: “what I deduce from what’s happening in Rafah is that there’s an implementation of the Hannibal Directive. Let’s hope not.” Moreover, blogger Richard Silverstein reported a few days ago that another soldier was killed in Gaza under the directive. Israeli investigative journalist Ronen Bergman confirmed in a radio interview, with respect to an earlier incident, that in Gaza the procedure “was tested in practice and apparently the soldiers acted in accordance with that directive.”
  • But these indications, combined with the fact that Israel bombed Rafah so viciously make it a reasonable hypothesis that someone giving orders on Friday morning wanted the soldier dead rather than captured. If that is the case, then it is Israel that destroyed the humanitarian ceasefire, in the process murdering dozens more innocent people and pushing the death toll from the ongoing massacre in Gaza to more than 1,600 people.
  • Paul Merrell on 28 Aug 14
     
    Ali Abunimah pieces together rather compelling evidence that the Israel Defense Force's utter devastation of Rafah, Gaza by artillery fire was an attack intended to kill one of its own soldiers they believed had been captured, and broke a cease-fire agreement to do so then lied about it, pursuant to the IDF's unwritten Hannibal Directive, that it is better to kill one of their own than to allow him to be kept captive. A serious war crime slaughtering over 100 civilians even without that.    
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57 Years Ago: U.S. and Britain Approved Use of Islamic Extremists to Topple Syrian Gove... - 0 views

www.zerohedge.com/...mists-topple-syrian-government war & peace Syria U.S.-foreign-policy UK Israel destabilization terrorists™
shared by Paul Merrell on 08 Jul 14 - No Cached
  • BBC reports that – in 1957 – the British and American leaders approved the use of Islamic extremists and false flag attacks to topple the Syrian government: Nearly 50 years before the war in Iraq, Britain and America sought a secretive “regime change” in another Arab country… by planning the invasion of Syria and the assassination of leading figures.   Newly discovered documents show how in 1957 [former Prime Minister of the United Kingdom] Harold Macmillan and President Dwight Eisenhower approved a CIA-MI6 plan to stage fake border incidents as an excuse for an invasion by Syria’s pro-western neighbours, and then to “eliminate” the most influential triumvirate in Damascus.   ***   Although historians know that intelligence services had sought to topple the Syrian regime in the autumn of 1957, this is the first time any document has been found showing that the assassination of three leading figures was at the heart of the scheme. In the document drawn up by a top secret and high-level working group that met in Washington in September 1957, Mr Macmillan and President Eisenhower were left in no doubt about the need to assassinate the top men in Damascus.
  • Kermit Roosevelt had a proven track record in this sort of thing.  According to the New York Times, he was the leader of the CIA’s coup in Iran in 1953, which – as subsequently admitted by the CIA - used false flag terror to topple the democratically elected leader or Iran. BBC continues: More importantly, Syria also had control of one of the main oil arteries of the Middle East, the pipeline which connected pro-western Iraq’s oilfields to Turkey.   ***   The report said that once the necessary degree of fear had been created, frontier incidents and border clashes would be staged to provide a pretext for Iraqi and Jordanian military intervention. Syria had to be “made to appear as the sponsor of plots, sabotage and violence directed against neighbouring governments,” the report says. “CIA and SIS should use their capabilities in both the psychological and action fields to augment tension.”   ***   The plan called for funding of a “Free Syria Committee” [hmmm ... sounds vaguely familiar], and the arming of “political factions with paramilitary or other actionist capabilities” within Syria. The CIA and MI6 would instigate internal uprisings, for instance by the Druze [a Shia Muslim sect] in the south, help to free political prisoners held in the Mezze prison, and stir up the Muslim Brotherhood in Damascus.
  • In 1982, a prominent Israeli journalist formerly attached to the Israeli Foreign Ministry allegedly wrote a book expressly calling for the break up of Syria: All the Arab states should be broken down, by Israel, into small units ….   Dissolution of Syria and Iraq later on into ethnically or religiously unique areas such as in Lebanon, is Israel’s primary target on the Eastern front in the long run. In any event, it is well-documented that – in 1996 – U.S. and Israeli Neocons advocated: Weakening, containing, and even rolling back Syria ….
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  • [Background:  Governments from Around the World – Including Western, Islamic, Asian and African Nations – ADMIT They Carry Out False Flag Terror] Is it purely coincidence that the U.S. has heavily armed Al Qaeda Muslim extremists in Syria (and see this), and trained the jihadis who later became ISIS? Regime change in Syria was not a once-off plan.   Neoconservatives also planned regime change in Syria more than 20 years ago … in 1991. The West Has Been Arbitrarily Breaking Up Middle Eastern Countries for 100 Years The Western powers agreed 100 years ago to arbitrarily divvy up the Middle East, without regard for historical boundries. Neooconservatives in the U.S. and Israel have long advocated for the balkanization of Syria into smaller regions based on ethnicity and religion. The goal was to break up the country, and to do away with the sovereignty of Syria as a separate nation. (The same goal has long applied to Iraq and other Arab states as well.)
  • In summary, we don’t have conclusive proof that the U.S., Israeli or their allies have intentionally broken up Syria. But in light of such claims – and the 57-year old American-British plan to stir up Muslim Brotherhood and other religious extremists  in Syria – maps showing the Islamic jihadi group ISIS’ carving up of Syria (and Iraq) into “the Islamic State” are interesting, indeed:
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​BRICS countries near development bank deal to rival IMF, WB - RT Business - 0 views

rt.com/...171500-russia-2bn-brics-bank BRICS development-bank
shared by Paul Merrell on 10 Jul 14 - No Cached
  • The emerging economies of Brazil, Russia, India, China and South Africa, are a couple of days from agreeing the $10 billion BRICS development bank, as well as a $100 billion currency pool. It could challenge global lenders like the IMF and World Bank. The bank will be called the New Development Bank, and will provide finance for infrastructure projects. Its creation will meet the needs of emerging and poorer economies according to Russian Finance Minister Anton Siluanov. In a speech Wednesday he confirmed the funding would be divided equally, Russia will contribute $2 billion in initial capital for the BRICS bank over seven years. The bank will start with $10 billion in cash and $40 billion in guarantees. The $50 billion will be eventually built up to $100 billion.
  • The bank will be able to start lending in 2016, the minister says. The final decisions concerning the creation of the bank are expected to be made by the BRICS leaders at a summit in Brazil on 15-16 July. Apart from the BRICS countries other UN members may also participate in the bank’s development, but their total share won’t exceed 45 percent. The location of the headquarters is still not decided, but Siluanov said the two favorite cities are Shanghai and New Delhi. BRICS leaders are also expected to sign an agreement to establish an additional $100 billion fund to steady the currency markets.
  • Currently BRICS countries make up over 40 percent of the world’s population and account for more than 25 percent of global GDP.
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​Russia ratifies $100bn BRICS New Development Bank - RT Business - 0 views

rt.com/...027-russia-ratifies-brics-bank war & peace economic-warfare BRICS-Bank
shared by Paul Merrell on 22 Feb 15 - No Cached
  • The Russian State Duma has ratified the $100 billion BRICS bank that’ll serve as a pool of money for infrastructure projects in Russia, Brazil, India, China and South Africa, and challenge the dominance of the Western-led World Bank and the IMF. The New Development Bank is expected to start fully functioning by the end of 2015, according to the Russian Finance Ministry.
  • The decision to establish the BRICS bank, along with a $100 billion reserve currency pool, was made in July 2014. Each of the five member countries is expected to allocate an equal share of the $50 billion startup capital that will be expanded to $100 billion. The bank will be headquartered in Shanghai, India will serve as the first five-year rotating president, and the first Chairman of the Board of Directors will come from Brazil.
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France likely to close more than 100 mosques - Al Jazeera English - 0 views

www.aljazeera.com/...ues-close-151202142023319.html war & peace France mosque-closures freedom-of-religion
shared by Paul Merrell on 05 Dec 15 - No Cached
  • France is likely to close up to 160 mosques in the coming months as part of a nationwide police operation under the state of emergency which allows places of worship that promote radical views to be shut down, one of the country's chief imams has said.
  • Following news that three mosques have already been closed since the November 13 attacks on the capital, Hassan El Alaoui, who is in charge of nominating regional and local Muslim imams and mediating between the imams and prison officials, told Al Jazeera on Wednesday that more were set to be shut. "According to official figures and our discussions with the interior ministry, between 100 and 160 more mosques will be closed because they are run illegally without proper licenses, they preach hatred, or use takfiri speech," he said. Takfiris are classified as Muslims who accuse others of the same faith of apostasy, an act which has become a sectarian slur.
  • The recent mosque closures, he added, were made under "a legal act that the authorities have" and must have happened because "of some illegal things that they found". The imam also rejected those suspected of carrying out the suicide bomb and gun attacks, which left 130 people dead, as "terrorists". "Those terrorists are a bunch of thieves and drug dealers that wore religious clothing," he said. "The whole issue is not about Muslims, but about terrorists. It's an issue of security for everyone." There are a total of 2,600 mosques in France, El Alaoui said.
  • Paul Merrell on 05 Dec 15
     
    Freedom of religion falls prey to Islamaphobia in France. 
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Stephen Hawking: Humans Have 100 Years to Get Off Earth to Survive - 0 views

www.mintpressnews.com/...227588 environment Hawkings Earth-evacuation disposable-planet quotes
shared by Paul Merrell on 08 May 17 - No Cached
  • “Professor Stephen Hawking thinks the human species will have to populate a new planet within 100 years if it is to survive. With climate change, overdue asteroid strikes, epidemics, and population growth, our own planet is increasingly precarious,” a BBC press statement announcing the documentary says.
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Benghazi explained: Behind the lies - 1 views

www.canadafreepress.com/...51470 Globalist Benghazi
shared by Gary Edwards on 03 Dec 12 - No Cached
  • Gary Edwards on 03 Dec 12
     
    Maybe the most comprehensive article yet on what really happened in Benghazi.  I should note that years ago Craig B Hulet predicted the tak killing of ghaddafi and the takeover by rebels friendly with the Globalist.  His reasoning was that ADM (Archer Daniel Midland) and Monsanto were buying up all the arrable land in Africa.  Benghazi is the only deep water port capable of handling the ships needed to transfer the food grown on these acres.  Ghadafi had to go before this plan could be put in place.   http://www.craigbhulet.com/ http://www.coasttocoastam.com/show/2012/09/17 http://www.coasttocoastam.com/guest/hulet-craig/41926 excerpt: This is a special supplement of a multi-part interview with a government insider intimately familiar with the events that took place in Benghazi. It is important to note that the information contained in this series was developed from interviews that spanned over 100 hours. My source requested that the following information be written separately due to its importance.
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The Daily Bell - Richard Ebeling on Higher Interest Rates, Collectivism and the Coming ... - 0 views

www.thedailybell.com/...tivism-and-the-Coming-Collapse Richard-Ebeling The-Daily-Bell Austrian-Economics Liberty-Tryanny
shared by Gary Edwards on 17 Jun 13 - No Cached
  • The "larger dysfunction," as you express it, arises out of a number of factors. The primary one, in my view, is a philosophical and psychological schizophrenia among the American people.
  • While many on "the left" ridicule the idea, there is a strong case for the idea of "American exceptionalism," meaning that the United States stands out as something unique, different and special among the nations of the world.
  • the American Founding Fathers constructed a political system in the United States based on a concept on which no other country was consciously founded:
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  • But the American Revolution and the US Constitution hailed a different conception of man, society and government.
  • n the rest of the world, and for all of human history, the presumption has been that the individual was a slave or a subject to a higher authority. It might be the tribal chief; or the "divinely ordained" monarch who presumed to rule over and control people in the name of God; or, especially after the French Revolution and the rise of modern socialism, "the nation" or "the people" who laid claim to the life and work of the individual.
  • the idea of individual rights.
  • That is, as long as the individual did not violate the equal rights of others to their life, liberty and property, each person was free to shape and guide his own future, and give meaning and value to his own life as he considered best in the pursuit of that happiness that was considered the purpose and goal of each man during his sojourn on this Earth.
  • Governments did not exist to give or bestow "rights" or "privileges" at its own discretion.
  • Governments were to secure and protect each individual's rights, which he possessed by "the nature of things."
  • The individual was presumed to own himself. He was "sovereign."
  • The real and fundamental notion of "self-government" referred to the right of each individual to rule over himself.
  • Each individual, by his nature and his reason, had a right to his life, his liberty and his honestly acquired property.
  • during the first 150 years of America's history there was virtually no Welfare State and relatively few government regulations, controls and restrictions on the choices and actions of the free citizen.
  • But for more than a century, now, an opposing conception of man, society and government has increasingly gained a hold over the ideas and attitudes of people in the US.
  • It was "imported" from Europe in the form of modern collectivism.
  • The individual was expected to see himself as belonging to something "greater" than himself. He was to sacrifice for "great national causes."
  • He was told that if life had not provided all that he desired or hoped for, it was because others had "exploited" him in some economic or social manner, and that government would redress the "injustice" through redistribution of wealth or regulation of the marketplace.
  • If he had had financial and material success, the individual should feel guilty and embarrassed by it, because, surely, if some had noticeably more, it could only be because others had been forced to live with noticeably less.
  • left on its own, free competition tends to evolve into harmful monopolies and oligopolies, with the wealthy "few" benefiting at the expense of the "many."
  • They are the crises of the Interventionist-Welfare State: the attempt to impose reactionary collectivist policies of political paternalism and redistributive plunder on a society still possessing parts of its original individualist and rights-based roots.
  • it is in the form of communism's and socialism's critique of capitalism.
  • Unregulated capitalism leads to "unearned" and "excessive" profits; unbridled markets generate the business cycle and the hardships of recessions and depressions;
  • These two conflicting conceptions of man, society and government have been and are at war here in the United States.
  • And if it cannot be gotten and guaranteed through the redistributive mechanisms of the European Union and the euro, well, maybe we should return power to our own nation-states to provide the jobs, the social "safety nets" and the financial means to pay for it through, once again, printing our own national paper currencies.
  • This is the political-philosophical bankruptcy of the West and the dead ends of the collectivist promises of the last 100 years.
  • Ludwig von Mises's book, Socialism: An Economic and Sociological Analysis, originally published in 1922, demonstrated how and why a socialist, centrally planned system was inherently unworkable.
  • The nationalization of productive property, the abolition of markets and the prohibition of all competitive exchange among the members of society would prevent the emergence and operation of a price system, without which it is impossible to know people's demands for desired goods and the relative value they place on them.
  • It also prevents the emergence of prices for the factors of production (land, labor, capital) and makes it impossible to know their opportunity costs – the value of those factors of production in alternative competing uses among entrepreneurs desiring to employ them.
  • Without such a price system the central planners are flying blind, unable to rationally know or decide how best to utilize labor, capital and resources in productively efficient ways to make the goods and services most highly valued by the consuming public.
  • Thus, Mises concluded, comprehensive socialist central planning would lead to "planned chaos."
  • And, therefore, there is no guarantee that the amount of investments undertaken and their time horizons are compatible with the available resources not also being demanded and used for more immediate consumer goods production in the society.
  • As a consequence, financial markets do not work like real markets.
  • Thus, the interventionist state leads to waste, inefficiency and misuses of resources that lower the standards of living that we all, otherwise, could have enjoyed.
  • We cannot be sure what the amount of real savings may be in the society to support real and sustainable investment and capital formation.
  • Government intervention prevents prices from "telling the truth" about the real supply and demand conditions thus leading to imbalances and distortions in the market.
  • We cannot know what the "real cost" of borrowing should be, since interest rates are not determined by actual, private sector savings and investment decisions.
  • Government production regulations, controls, restrictions and prohibitions prevent entrepreneurs from using their knowledge, ability and capital in ways that most effectively produce the goods consumers actually want and at the most cost-competitive prices possible.
  • This is why countries around the world periodically experience booms and busts, inflations and recessions − not because of some inherent instabilities or "irrationalities" in financial markets, but because of monetary central planning through central banking that does not allow market-based financial intermediation to develop and work as it could and would in a real free-market setting.
  • But in the United States and especially in Europe, government "austerity" means merely temporarily reducing the rate of increase in government spending, slowing down the rate at which new debt is accumulating and significantly raising taxes in an attempt to close the deficit gap.
  • The fundamental problem is that over the decades, the size and scope of governments in the Western world have been growing far more than the rates at which their economies have been expanding, so that the "slice" of the national economic "pie" eaten by government has been growing larger and larger, even when the "pie" in absolute terms is bigger than it was, say, 30 or 40 years ago.
  • European governments, in general, take the view that "austerity" means squeezing the private sector more through taxes and other revenue sources to avoid any noticeable and significant cuts in what government does and spends.
  • So there is "austerity" for the private sector and a mad rush for financial "safety nets" for the government and those who live off the State.
  • In reality, of course, it is the burdens of government regulation, taxation and impediments to more flexible labor and related markets that have generated the high unemployment rates and the retarded recovery from the recession.
  • Instead, the "common market" ideal has been transformed into the goal of a European Union "Super-State" to which the individual countries and their citizens would be subservient and obedient.
  • Keynesian policies offer people and politicians what they want to hear. Claiming that any sluggish business or lost jobs are due to a lack of "aggregate demand," Keynes argued that full employment and profitable business could only be reestablished and maintained through "activist" government monetary and fiscal policy – print money and run budget deficits.
  • What Britain and Europe should have as its goal is the ideal of the classical liberal free traders of the 19th century – non-intervention by governments in people's lives, at home and abroad. That is, a de-politicization of society, so people may freely work, trade and travel as they peacefully wish, with government merely the protector of people's individual rights.
  • Take the benefits away and tell people they are free to come and work to support themselves and their families. Restore more flexibility and competitiveness to labor markets and reduce taxes and business regulations.
  • Then those who come to Britain's shores will be those wanting freedom and opportunity without being a burden upon others.
  • What was needed was a change in ideas from the statist mentality to one of individual freedom and unhampered free markets.
  • In an epoch of collectivist ideas, don't be surprised if governments regulate, control, intervene and redistribute wealth.
  • The tentacle of regulations, restrictions and politically-correct social controls are spreading out in every direction from Brussels and its European-wide manipulating and mismanaging bureaucracy.
  • In the name of assuring "national prosperity," politicians could spend money to buy the votes that get them elected and reelected to government offices.
  • And every special interest group could make the case that government-spending programs that benefitted them were all reasonable and necessary to assure a fully employed and growing economy.
  • Furthermore, the Keynesian rationale for government deficit spending enabled politicians to seem to be able to offer something for nothing. They could offer, say, $100 of government spending to voters and special interest groups but the tax burden imposed in the present might only be $75, since the remainder of the money to pay for that government spending was borrowed. And that borrowed money would not have to be repaid until some indefinite time in the future by unspecific taxpayers when that "tomorrow" finally arrived.
  • instability
  • Keynes argued that the market economy's inherent
  • arose from the
  • who were subject to irrational and unpredictable waves of "optimism" and "pessimism."
  • animal spirits" of businessmen
  • Mises argued that there was nothing inherent in the market economy to bring about these swings of economic booms followed by periods of depression and unemployment.
  • If markets got out of balance with the necessity of an eventual correction in the economy to, once again, set things right, the source of this instability was government monetary policy.
  • Central banks too often followed a policy of trying to create "good times" in the economy by expanding the money supply through the banking system.
  • With new, excess funds created by the central bank available for lending, banks lower rates of interest to attract borrowers.
  • But this throws savings and investment out of balance, since the rate of interest no longer serves as a reliable indicator and signal concerning the availability of real savings in the economy in relation to those wanting to borrow funds for various investment purposes.
  • The economic crisis comes when it is discovered that all the claims on resources, capital and labor for all the attempted consumption and investment activities in the economy are greater than the actual and available amounts of such scarce resources.
  • The recession period, in Mises's view, is the necessary "correction" period when in the post-boom era, people must adapt and adjust to the newly discovered "real" supply and demand conditions in the market.
  • Any interference with the "rebalancing" of the economy by government raising taxes, imposing more regulations, or new artificial government "stimulus" activities merely makes it more difficult and time-consuming for people in the private sector to get the economy back on an even keel.
  • Friedrich A. Hayek, once observed, unemployment is not "caused" by stopping an inflation, but rather inflation induces the artificial employments that cannot be sustained and which inevitably disappear once the inflation is reined in.
  • The recession of 2008-2009 was the result of several years of central bank stimulus.
  • From 2003 to 2008, the Federal Reserve increased the money supply by about 50 percent.
  • Interest rates for much of this time, when adjusted for inflation, were either zero or negative.
  • Awash in cash, banks extended loans to virtually anyone, with no serious and usual concern about the borrower's credit-worthiness.
  • This was most notably true in the housing market, where government agencies like Fannie May and Freddie Mac were pressuring banks to make mortgage loans by promising a guarantee that they would make good on any bad home loans.
  • Since 2008-2009, the Federal Reserve has, again, turned on the monetary spigot, increasing its own portfolio by almost $3 trillion, by buying US Treasuries, US mortgages and other assets.
  • So why has there not been a complementary explosion of price inflation?
  • In some areas there has been, most clearly in the stock market and the bond market, But the reason why all that newly created money has not brought about a higher price inflation is due to the fact that a large part of all newly created money is sitting as unlent reserves in banks.
  • This is because the Federal Reserve has been paying banks a rate of interest slightly above the market interest rates to induce banks not to lend.
  • (a) general "regime uncertainty," that is, no one knows what government policy will be tomorrow; will ObamaCare be fully implemented after January 2014?;
  • Among the reasons for the sluggish jobs growth in the US are:
  • (b) what will taxes be for the rest of the current president's term in the White House
  • (c) what will the regulatory environment be like for the next three years – in 2012, the government implemented around 80,000 pages of regulations as printed in the Federal Registry;
  • (d) how will the deficit and debt problems play out between Congress and the White House and will it threaten the general financial situation in the country; an
  • (e) what wars, if any, will the government find itself involved in, in places like the Middle East?
  • China
  • is still a controlled and commanded society, with a government that works hard to try to determine what people read, see and think.
  • All these building projects have been brought into existence by a government that not only controls the money supply and manipulates interest rates but also heavy-handedly tells banks whom to specifically loan to and for what investment activities.
  • Central planning is alive and well in China, with the motives being both power and profits for those inside and outside the Communist Party having the most influence and connections in "high" places.
  • In my opinion, China is heading for a great economic crisis, resulting from a highly imbalanced and distorted economic system still guided far more by politics than sound market decision-making.
  • global financial markets in any foreseeable future. It is a money that still primarily exists to serve the political purposes of those who sit in the "inner circles" of power in Beijing.
  • One hundred years ago, in 1913, how many could have predicted that a year later a European-wide war would break out that would lead to the destruction of great European empires and set the stage for the rise of totalitarian collectivism that resulted in an even worse global war two decades later?
  • Thus, whether, at the end of the day, freedom triumphs and the future is one of liberty and prosperity is partly on each one of us.
  • Near the end of his great book, Socialism, Ludwig von Mises said:
  • "Everyone carries a part of society on his shoulders; no one is relieved of his share of responsibility by others. And no one can find a safe way out for himself if society is sweeping towards destruction. Therefore, everyone, in his own interest, must thrust himself vigorously into the intellectual battle. None can stand aside with unconcern; the interests of everyone hang on the result. Whether he chooses or not, every man is drawn into the great historical struggle, the decisive battle into which our epoch has plunged us . . . Whether society shall continue to evolve or where it shall decay lies . . . in the hands of man."
  • In my view, the idea of a "soft landing" is an illusion based on the idea held by central bankers, themselves, that they have the wisdom and ability to know how to "micro-manage" the all the changes and adjustments resulting from their own manipulations of the monetary aggregates. They do not have this wisdom and ability. So hold on for what is most likely to be another rocky road.
  • It was Mises's clear vision that once society has broken the relationship between value and payment, sooner or later people would not know the price of anything.
  • At this point, investment ceases and business becomes furtive and transactional.
  • People cannot plan for the future because they do not understand the reality of the present.
  • Society begins to sink.
  • Gary Edwards on 17 Jun 13
     
    Incredible.  A simple explanation that explains everything.  Rchard Ebeling's "Unified Theory of Everything" is something every American can understand.  If only they would take a break from "Dancing with the Stars" and pay attention to the future of their country and the world.  It's a future where either "individual freedom", as defined by our Constitution and Declaration of Independence, will win out; or, the forces of fascist socialism / marxism will continue to roll and rule.  Incredible read!!!!
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PETITION URGING CONGRESS TO IMPEACH PRESIDENT BARACK OBAMA - 0 views

www.wnd.com/...impeach-president-barack-obama Impeach-Obama articles-of-impeachment
shared by Gary Edwards on 15 Jun 13 - No Cached
  • Gary Edwards on 15 Jun 13
     
    "PETITION URGENTLY REQUESTING THAT CONGRESS LAUNCH AN INDEPENDENT AND COMPREHENSIVE INVESTIGATION INTO UNCONSTITUTIONAL AND IMPEACHABLE OFFENSES ON THE PART OF PRESIDENT BARACK OBAMA To: All members of the U.S. Congress: Whereas, President Barack Obama not only failed to aid U.S. personnel under lethal and prolonged terrorist attack in Benghazi, Libya, on Sept. 11, 2012, resulting in the deaths of a U.S. ambassador and three other Americans, but also led an outrageously deceitful cover-up for weeks afterward, rivaling the Watergate-era cover-up that ended the presidency of Richard Nixon; Whereas, the IRS under Obama - in accord with direct instructions from congressional Democrats - has engaged in the most egregious and widespread attack on conservative groups in modern history, with the knowledge of top agency officials; Whereas, the Obama Justice Department, on top of its many first-term scandals, has spied on and harassed journalists at Fox News and the Associated Press, prompting widespread, bipartisan condemnation of the DOJ for "criminalizing journalism"; Whereas, top constitutional attorneys from across the political spectrum now agree that Obama has committed certain specific offenses that unquestionably rise to the level of impeachable "high crimes and misdemeanors"; Whereas, one of these offenses - that of illegally conducting war against Libya - has been deemed by a bipartisan panel of constitutional experts to be "clearly an impeachable offense" and "gross usurpation of the war power"; Whereas, Obama's policy of targeted assassinations of U.S. citizens without any constitutionally required due process - including the drone assassination of an American-born 16-year-old as he was eating dinner - is unanimously deemed by experts, both liberal and conservative, as "an impeachable offense"; Whereas, Obama's Justice Department has presided over the disastrous "Fast and Furious" operation in which approximately 2
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100th Anniversary of the Beginning of the End? (Part 1) - The Patriot Post - 1 views

patriotpost.us/17878 progressive-socialism Woodrow-Wilson Globalist
shared by Gary Edwards on 30 Apr 13 - No Cached
  • I take the Oath of John Galt and put action to it: "I swear by my life and my love of it, that I will never live for the sake of another person, nor ask another to live their life for me."
  • In this dark day of the former republic, I stand in Resistance to the premier means of acquisition by the State, the Income Tax.
  • "They that can give up essential liberty to purchase a little temporary safety, deserve neither liberty nor safety." (Ben Franklin)
  • ...2 more annotations...
  • "A Constitution of Government once changed from Freedom, can never be restored. Liberty, once lost, is lost forever." (John Adams)
  • "Our cause is noble; it is the cause of mankind!" (George Washington)
  • Gary Edwards on 30 Apr 13
     
    Excellent history of how America lost it's Constitutional Republic.  The author tags the first progressive (marxist/socialist) President, Woodrow Wilson, as the culprit.  In 1913 Wilson shoved through the 16th and 17th Amendments.  He also pushed through the midnight express known as the Federal Reserve.  And as if that was not enough damage, he pushed for the "League of Nations" - a precursor to the present day United Nations Globalist New World Order. Oh yeah, the first progressive president also jacked us into humanities first World War. Wilson was a Manchurian stooge for the Globalist Rothschild Banksters, and the USA Bankster contingent led by Rockefeller, Morgan and Carnegie.   Note that in the election of 1896, the Banksters banked the corporatist McKinley against the GOLD standard populist, William Jennings Bryan.  McKinley was assassinated in 1901, and his VP, Teddy Roosevelt, became President.  Roosevelt successfully went after the Robber Bankster Barons; Rockefeller, Carnegie and Morgan, passing the Sherman Anti Trust laws and bringing the criminal corporations to trial.  This set the stage for the Bankster coup in 1913, where, with the election of Wilson the Banksters ended the great Consttitutional Republic and ushered in a century of ever encroaching socialist tyranny. ........................... excerpt: "One hundred years ago, our federal government, under control of the progressive Woodrow Wilson, took actions that have since become a disaster for these United States. Looking back, these actions were the beginning of what could be the end of our Constitutional Republic. With progressives in control in 2013, similar actions are underway that could complete a sinister view by progressives then and now to "transform" us into something our Founders never intended, and most Americans through the years never wanted and still don't. In 1913 our Constitution was amended by the ratification of two amendments, the Sixteenth and Seventeenth, an
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11 Reasons Why The Federal Reserve Should Be Abolished - BlackListedNews.com - 0 views

www.blacklistednews.com/...M.html Banksters Federal-Reserve-Bankster-Cartel
shared by Gary Edwards on 07 May 13 - No Cached
  • Gary Edwards on 07 May 13
     
    "If the American people truly understood how the Federal Reserve system works and what it has done to us, they would be screaming for it to be abolished immediately.  It is a system that was designed by international bankers for the benefit of international bankers, and it is systematically impoverishing the American people.  The Federal Reserve system is the primary reason why our currency has declined in value by well over 95 percent and our national debt has gotten more than 5000 times larger over the past 100 years.  The Fed creates our "booms" and our "busts", and they have done an absolutely miserable job of managing our economy.  But why do we need a bunch of unelected private bankers to manage our economy and print our money for us in the first place?  Wouldn't our economy function much more efficiently if we allowed the free market to set interest rates?  And according to Article I, Section 8 of the U.S. Constitution, the U.S. Congress is the one that is supposed to have the authority to "coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures".  So why is the Federal Reserve doing it?  Sadly, this is the way it works all over the globe today.  In fact, all 187 nationsthat belong to the IMF have a central bank.  But the truth is that there are much better alternatives.  We just need to get people educated. The following are 11 reasons why the Federal Reserve should be abolished..."
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Is The US Finally Ready For Revolution? - Democratic Underground - 1 views

www.democraticunderground.com/101970 ready-for-revolution
shared by Gary Edwards on 02 Jul 13 - No Cached
  • Gary Edwards on 02 Jul 13
     
    Written in June of 2012, before the national elections, this commentary remains the ringing truth.  Maybe more Americans are ready to listen this fourth of July? ........................... "Is America Ready For Revolution? I have always strongly believed that it's not possible to be a good Christian without standing up against social injustice and government corruption in all its forms. As I take a look around me today I find a lot of things wrong with our country. In fact, I have been a proponent for radical change for several years now, and I have written and published 2 books on this very topic. Where shall I begin? In God-blessed America, the land of the free where everyone is an economic slave, our founding fathers' sacred idea of a government "of the people, by the people, for the people" has become but a cruel joke. Former president George W. Bush has notoriously called our Constitution - our supreme law of the land - "that (expletive) piece of paper". The federal government is currently spending at least $60 billion per month on military excursions in Afghanistan, the Middle East, and northern and western Africa - including operating between 800 and 1,000 foreign military bases all over the world. Our country's over-used flying drone aircraft kills hundreds daily overseas, many of whom are only innocent bystanders. Meanwhile here on the home front, one in seven people are on food stamps, and at any given time one in four American children are going hungry today. Our country spends more money incarcerating people than it does on education. What's up with that? Our political system is openly rigged against the best interests of the American people. A massive market mechanism is securely entrenched in our political system where political influence is openly bought and sold. Tens of thousands of highly-paid middlemen called "lobbyists" facilitate the legal transfer of billions between moneyed special interests and our so-called "representatives" i
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The Money Masters - 0 views

www.themoneymasters.com Banksters
shared by Gary Edwards on 24 Oct 16 - Cached
  • Gary Edwards on 24 Oct 16
     
    ""The purpose of this financial crisis is to take down the U.S. dollar as the stable datum of planetary finance and, in the midst of the resulting confusion, put in its place a Global Monetary Authority [GMA - run directly by international bankers freed of any government control] -a planetary financial control organization"- Bruce Wiseman *The U.S did modify these rules somewhat a year after the devastation had taken place here, but the rules are still fully in place in the rest of the world and the results are appalling. "The powers of financial capitalism had a far-reaching plan, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole… Their secret is that they have annexed from governments, monarchies, and republics the power to create the world's money…" .- Prof. Carroll Quigley renowned, late Georgetown macro-historian (mentioned by former President Clinton in his first nomination acceptance speech), author of Tragedy and Hope. "He [Carroll Quigley] was one of the last great macro-historians who traced the development of civilization…with an awesome capability." - Dr. Peter F. Krogh, Dean of the School of Foreign Service (Georgetown) The Two Step Plan to National Economic Reform and Recovery 1. Directs the Treasury Department to issue U.S. Notes (like Lincoln's Greenbacks; can also be in electronic deposit format) to pay off the National debt. 2. Increases the reserve ratio private banks are required to maintain from 10% to 100%, thereby terminating their ability to create money, while simultaneously absorbing the funds created to retire the national debt."
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Can Donald Trump Buy US President position in $100 mn - 0 views

manageyourinvestment.blogspot.in/...ld-trump-buy-us-president.html DONALD TRUMP INVEST HIS $100 MN FUND HILLARY CLINTON US PRESIDENTIAL ELECTION 2016
shared by meheksharma on 02 Nov 16 - No Cached
  • meheksharma on 02 Nov 16
     
    US presidential 2016 campaign is in full swing. All candidates are not leaving any stone Upturned to attract voters. In most recent poll Hillary Clinton is maintaining 5 percentage point lead over Donald Trump post Donald Trump disastrous presenting debate and string of accusation leveled by ladies.
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The NUMEC Affair: Was Nuclear Weapons Fuel Diverted to Israel? - 0 views

nsarchive.gwu.edu/...eapons-Fuel-Diverted-to-Israel war & peace Israel espionage nukes U.S.-uranium
shared by Paul Merrell on 02 Nov 16 - No Cached
  • Beginning more than 50 years ago, and extending over the period from 1957 to 1978, according to official U.S. government records and studies, more than 300 kilograms of uranium 235 (U-235) in the form of highly enriched uranium (HEU) went missing from a nuclear fuel manufacturing plant in the small town of Apollo, Pennsylvania. The Atomic Energy Commission (AEC) concluded in 1966 that there was about a 200-kilogram deficit between the U-235 in the form of HEU supplied to the plant and the amount returned in products to customers. After the AEC and its Oak Ridge office calculated the processing losses based on NUMEC’s records, they determined that the fate of about 100 kilograms of U-235 in the form of HEU remained unexplained. NUMEC paid for the missing material, but later disputed the AEC calculations, maintaining that the unexplained 100 kgs could be attributed to other processing losses. After decommissioning of the Apollo plant, more than 330 kgs of U-235 in the form of HEU were unaccounted for, with most of that deficit occurring while NUMEC ran the plant. For decades there have been allegations and suspicions that foreign agents, perhaps aided by American citizens, diverted a significant fraction of NUMEC’s unexplained uranium deficits to Israel for its nuclear-weapons program. Because of the high stakes involved, the affair has been clouded in denial and concealment for nearly a half century. Several recent books and articles, including a book by this Briefing Book’s primary author, Stealing the Atom Bomb: How Denial and Deception Armed Israel, have attempted to account for what is known and what is still a mystery.[1] Using recently declassified documents published today for the first time by the National Security Archive and the Nuclear Proliferation International History Project, this Electronic Briefing Book aims to make more widely available to the public the fascinating information that has been declassified so far.
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CIA watchdog 'accidentally destroyed' copy of 'torture report' | TheHill - 0 views

thehill.com/...ed-only-copy-of-torture-report war & peace CIA torture Senate-Intelligence_Committee-Report copy-destroyed
shared by Paul Merrell on 17 May 16 - No Cached
  • The CIA’s inspector general has accidentally deleted its only copy of a controversial Senate report about the agency’s history of brutal interrogation techniques, opening a new front in the long battle over the document.Like many federal agencies across Washington, the spy agency watchdog was handed a copy of the Senate Intelligence Committee’s full, 6,700-page report about the CIA’s former methods shortly after it was completed. The full version of the report remains classified, however a 500-page executive summary was released to the public in late 2014.ADVERTISEMENTBut at some point last summer, both the electronic copy and a hard disk were destroyed, the watchdog told Congress.Sen. Dianne FeinsteinDianne FeinsteinCIA watchdog ‘accidentally destroyed’ copy of ‘torture report’ Overnight Energy: Senate rejects Iran measure, clearing way for energy spending bill Senate votes down Iran amendment to energy spending bill MORE (D-Calif.), the driving force behind the 2014 report, sent letters to the CIA and Justice Department on Friday confirming that the spy agency’s inspector general “has misplaced and/or accidentally destroyed” its copy of the report.According to Yahoo News, which first reported the development, the deletion was described as “inadvertent.”
  • Paul Merrell on 17 May 16
     
    Yes, it's just too easy to delete uncomfortable facts. Now if they'd just start making keyboards without a delete key ...
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Ultimate Option to Obtain Quick Financial Support from Lender! - 0 views

bit.ly/1TksaTI 3 year loans 36 month loans long term cash loans long term loans
shared by Teresa Carter on 04 Oct 16 - No Cached
  • Teresa Carter on 04 Oct 16
     
    With the help of 3 year loans anyone can obtain enough money support in collateral free manner against their low credit status. Lenders provide money with the range of $100 to $1000 without any upfront fees.
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