Skip to main content

Home/ Socialism and the End of the American Dream/ Group items tagged Bing

Rss Feed Group items tagged

Gary Edwards

The Manifesto : Porter Stansberry and the Project to Restore America - 1 views

  • First, we should have a balanced budget amendment.
  • Next, we need a constitutional amendment that ensures sound money.
  • Finally... we need a logical way to put a stop to the narrowing of the tax base.
  • ...5 more annotations...
  • a constitutional amendment that limits state and federal taxation to 20% of income (from whatever the source) and abolishes all other forms of taxation at the state and local level. Give each household a $24,000 annual exemption.
  • We could eliminate the IRS.
  • How much did you make? Send the government 20% of it.
  • we should word the constitutional amendment to make clear our intentions:
  • Every U.S. citizen has the right to keep 80% of his income.
  •  
    I've been following and reading Porter's publications since September of 2008, when the mighty Marbux pointed me to Porter and the libertarian economists as a first step to understanding the financial collapse of 2008, and the incredible role the Federal government / Federal Reserve Bankster Cartel played. Porter started the Project to Restore Americqa, and wrote this very concise and well thought out manifesto explaining a new direction for America to consider.  If you love your country, please take a few minutes to read this.  Rarely has the truth been so clearly stated, and a solution so precisely, yet simply, presented.  Good stuff.  +1 "We have to stop giving our citizens improper incentives. We have to increase the "skin" voters have in the game by spreading the burden of government more equally. And we have to ensure the government doesn't have the power to destroy our currency. Americans now owe $56 trillion in total debt, much of it held by foreign investors. We must spend $3.5 trillion each year on interest. That is already more than the federal government spends, in total. We will never be able to repay these debts - already equal to roughly four times our country's GDP. The largest components of the debts we owe are government debts... and they are growing rapidly and show no signs of stopping. Do you think it's more likely we'll find a way to actually pay down these debts... or simply choose to print more money to pay these debts? That's what we're doing right now. So far, the Federal Reserve has printed more than $2 trillion of new money and used it to finance our government's borrowing binge. So the question is, what can we do to change the direction in which we are headed? We have to fundamentally restructure our system. There must be more balance between rights and responsibilities. There must be some fundamental limit on spending and on taxes. And we need sound money to prohibit the government from taxing us silently via inflation an
Gary Edwards

Open Carry Advocates Maintain Right To Bear Arms [Lloyd LaCuesta] - Video - KTVU San Fr... - 0 views

  •  
    Good video news story from local station KTVU in San Francisco.  My neighbor sent me this link, and i think this local gun rights story is representative of what is happening across America.  People are arming up.  And while there is perhaps no more liberal area in this country than San Francisco, concern over second amendment rights and the constitution affects every aspect of American life.  Our constitution is designed to seriously limit the power and growth of government.  Yet, in the past year alone, our government debt (public debt) has risen from 43% of GDP to 58%!!!  Tha tis unsustainable, unconstitutional growth and empowerment.  No wonder the second amendment is a concern.  For government to be on such a growth binge, the entire constitution would have to be breached.  Which is what i fear we are facing. Oh, and then there is the NY Times story on how the Feds are now tracking eMail and social network sights like Facebook and twitter, looking for dissident comments.  What's going on here?
Gary Edwards

Peter J. Wallison: The Price for Fannie and Freddie Keeps Going Up - WSJ.com - 0 views

  •  
    Whoa.  This is bad stuff.  The facts, the numbers, the players.  They all point to our Federal government, the Clinton Administration in 1993, Democrat obstruction of much needed reform, and a Democratic Congress in 2007 as the catalist that blew an $18 Trillion dollar hole in our economy.  Miserable socialist bastardos!! excerpt:  Fannie and Freddie's congressional sponsors-some of whom are now leading the administration's effort to "reform" the financial system-have a lot to answer for. Rep. Barney Frank (D., Mass.), chairman of the House Financial Services Committee, sponsored legislation adopted in 2008 that established a new regulatory structure for the GSEs. But by then it was far too late. The GSEs had begun buying risky loans in 1993 to meet the "affordable housing" requirements established under congressional direction by the Department of Housing and Urban Development (HUD). Most of the damage was done from 2005 through 2007, when Fannie and Freddie were binging on risky mortgages. Back then, Mr. Frank was the bartender, denying that there was any cause for concern, and claiming that he wanted to "roll the dice" on subsidized housing support. View Full Image Associated Press In 2005, the Senate Banking Committee, then controlled by Republicans, adopted tough regulatory legislation that would have established more auditing and oversight of the two agencies. But it was passed out of committee on a partisan vote, and with no Democratic support it never came to a vote. By the end of 2008, Fannie and Freddie held or guaranteed approximately 10 million subprime and Alt-A mortgages and mortgage-backed securities (MBS)-risky loans with a total principal balance of $1.6 trillion. These are now defaulting at unprecedented rates, accounting for both their 2008 insolvency and their growing losses today. Since 2008, under government control, the two agencies have continued to buy dicey mortgages in order to stabilize housing prices. There is more to th
Gary Edwards

Karl Rove: The President Is No B+ - WSJ.com - 0 views

  •  
    Once again Karl Rove lays the lumber to the liar Obama.  Rove provides a trove of stats and facts exposing Obama as a shameless liar and phony.  And then Rove points out that the American people are not fooled.  Polls show an increasing number of Americans are angry and aware that they have been had.  Obama is not who he claimed to be. excerpt:Barack Obama has won a place in history with the worst ratings of any president at the end of his first year: 49% approve and 46% disapprove of his job performance in the latest USA Today/Gallup Poll. There are many factors that explain it, including weakness abroad, an unprecedented spending binge at home, and making a perfectly awful health-care plan his signature domestic initiative. But something else is happening. Mr. Obama has not governed as the centrist, deficit-fighting, bipartisan consensus builder he promised to be. And his promise to embody a new kind of politics-free of finger-pointing, pettiness and spin-was a mirage. He has cheapened his office with needless attacks on his predecessor.
Gary Edwards

41 Scary Facts About The National Debt - 0 views

  •  
    If this doesn't make you sick, nothing will!  Incredible. excerpt:  It really is hard to find the words to describe the true horror of the national debt.  The U.S. government has been on the greatest debt binge in all of human history, and a day of reckoning is coming that is going to be so painful that it is going to shock America to the core.  Click here to see the facts > We have lived so far above our means for so long that none of us really has any concept of what "normal" is like anymore.  The United States has enjoyed the greatest party in the history of the world, but now this decades-old party is ending and the bills are coming due.  It was Dick Cheney who famously said that "deficits don't matter".  Well, try telling that to the nation of Greece right about now.  The horror that Greece is just beginning to experience is a preview of what is going to happen to us as well.  Only when it happens to us it is going to be so much worse, because when we go down we are going to bring the entire global financial system down with us. What we have done to future generations is beyond sickening.  Previous generations entrusted to us the greatest economic machine in the history of the world and we destroyed it.  Now we are leaving to our children and our grandchildren an economic future that has been totally wiped out and a national debt of more than 14 trillion dollars that we expect them to repay.................
Gary Edwards

Two Very Depressing Charts for President Obama, Two Very Encouraging Charts for America... - 0 views

  •  
    "What's really remarkable is that we've seen the biggest drop in the burden of government spending since the end of World War II. Heck, the fiscal restraint over the past five years has resulted in a bigger drop in the relative size of government in America than what Switzerland achieved over the past ten years thanks to the "debt brake." At this point, some readers may be wondering who or what deserves credit for this positive development. I'll offer a couple of explanations. The first two points are about why we shouldn't overstate what's actually happened. 1. The good news is somewhat exaggerated because we had a huge spike in federal spending in 2009. To use an analogy, it's easy to lose some weight if you first go on a big eating binge for a couple of years. 2. Some of the fiscal discipline is illusory because certain revenues that flow to the Treasury, such as TARP repayments from banks, actually count as negative spending. I explained this phenomenon when measuring which Presidents have been the biggest spenders. But there also are some real reasons why we've seen genuine spending restraint. 3. The "Tea Party" election of 2010 resulted in a GOP-controlled House that was somewhat sincere about controlling federal outlays. 4. The spending caps adopted as part of the debt limit fight in 2011 have curtailed spending increases as part of the appropriations process. 5. In the biggest fiscal loss President Obama has suffered, we got a sequester that reduced the growth of federal spending. 6. Many states have refused to expand Medicaid, notwithstanding the lure of temporary free money from Uncle Sam. 7. Government shutdown fights may be messy, but they tend to produce a greater amount of fiscal restraint. And there are surely other reasons to list, including the long-overdue end of seemingly permanent unemployment benefits and falling defense outlays as forces are withdrawn from Iraq and Afghanistan. The bottom line is that the past
Paul Merrell

​Syria and the Geneva 2 charade - RT Op-Edge - 0 views

  • In the summertime, people flock to Montreux, Switzerland, to follow the jazz festival. This week, though, the 'performance' is by a positively un-swinging lot, part of the (in theory) very serious Geneva 2 conference on Syria. What is Geneva 2 for? It has nothing to do with 'peace' . It won't yield an international deal to end the Syrian tragedy. The horrible war facts on the ground will remain facts, and horrible; many perpetrators won't be gathering in Montreux. Syrian civil society has not even been invited. And then the whole charade degenerated into pitiful parody even before it started.
  • Meet 'good' and 'bad' Al-Qaeda Time to break it down. Washington ruled that Iran cannot be in Montreux because it supports Assad. It's as simple as that. Washington dictating to the UN is the norm. Washington dictating to the Exiled Syrian 'Opposition' is Also the norm. Everyone is a puppet in this lethal comedy. As for Western spin doctors, they are dizzier than flies over corpses. As Part of the New Western Myth That the Saudi Arabia-Sponsored Islamic Front - Last September Formed Against the US-backed Supreme Military Council - are nothing but 'Al-Qaeda good' , now we have TOP 'Rebels' routinely acknowledging to Western corporate media they are, well, Al-Qaeda. Tens of thousands of foreign jihadis using Al-Qaeda's network of safe houses in Turkey - well, that's not such a big deal. As the Narrative Goes, 'our New friends' in the Islamic Front are just 'conservative Salafi Muslims' . What if they are fond of the odd torture binge and will think nothing of slaying the odd Shiite or Christian? Not such a big deal. As for the 'bad' Al-Qaeda gang - from Al-Nusra Front and Ahrar al-Sham to the Islamic State of Iraq and the Levant (ISIL) - They are on A roll. After all, they are the ones with fighting experience / leverage on the ground. And when push comes to shove, they just run yet another ring around clueless Western necks. Take Ahrar al-Sham. They now lead the Islamic Front - and talk to the Americans. And guess what; they're going to Montreux! The icing on this cake is Takfiri That, Ultimately, Their "interests" are Being Defended by no less than US Secretary of State John Kerry. Washington promoting al-Qaeda? Well, we've seen that movie before.
  • Washington is the Selling Fiction it is 'leading' Geneva 2 to 'reconstruct' Syria. This is utter nonsense. Theoretically - and even that is still extremely debatable - the Obama administration's core interest in Southwest Asia is to negotiate a very complex deal with Iran, which will take most of 2014. Ultimately, this whole charade is between Washington and Tehran. The US Navy will not make Assad 'go' Anytime soon - or Ever; everything so, in Theory, Remains on the table.
  • ...2 more annotations...
  • And everyone else, the UN, the Holy See, the House of Saud, are just onlookers, even as several players, from the EU to India, China and Japan, can think of nothing but finally normalizing everything with Iran. The Syrian government, for its part, will be in Montreux; it had agreed to the conference long ago. Yet President Assad Laid down ; he will not 'Leave' , as President Barack Obama US demanded The. He will not Let the foreign-Sponsored 'Opposition' Take over. And he may even contest the next presidential elections. Assad went for the jugular when he said Geneva 2 Should be About His own 'War on Terror' . Terror, incidentally, widely supported by the West. So under this perspective, even Washington needs Assad not to go. The bottom line is that the only players who really want Assad to go are the House of Saud and the House of Thani in Qatar. Many in the West have now Realized Assad must Fight to Stay 'the Terrorists' .
  • What's even more farcical is what Ford may have told the SNC stalwarts - still subject to much debate across the Middle East. If Ford really Said That Bandar Bush's Strategy has Been A Total Failure (in Fact turning Syria into an Al-Qaeda Hub) then this points to the Obama Administration, for All Practical Purposes, Sharing the Same Objective as Assad's: Fighting 'Terror' . Still, Geneva 2 will not 'Solve' anything. Iran and Russia will keep supporting Damascus. The desert wasteland from Syria to Iraq will keep being occupied by Bandar Bush-supported and Gulf-supported hardcore sectarian jihadis. The war will keep spreading deeper into Lebanon. The government in Damascus won't collapse. The refugee crisis will soar. And the West Will Keep Striking A pose of Being Concerned with 'Terror' .
  •  
    What a hoot! Hillary's Free Syrian Army defected to the jihadis after the missile strikes on Syria did not happen. Now Obama and Kerry are trying to sell the spin of "good" vs. "bad" Al Qaeda, a fact that in itself underscores that Al Qaeda are a bunch of mercenaries whose services go to the highest bidder.  
Paul Merrell

Tomgram: Laura Gottesdiener, Security vs. Securities | TomDispatch - 0 views

  • I live in Washington, D.C.'s Capitol Hill neighborhood. I can more or less roll out of bed into the House of Representatives or the Senate; the majestic Library of Congress doubles as my local branch. (If you visit, spend a sunset on the steps of the library's Jefferson Building. Trust me.) You can't miss my place, three stories of brick painted Big Bird yellow. It's a charming little corner of the city. Each fall, the trees outside my window shake their leaves and carpet the street in gold. Nora Ephron, if she were alive, might've shot a scene for her latest movie in one of the lush green parks that bookend my block. The neighborhood wasn't always so nice. A few years back, during a reporting trip to China, I met an American consultant who had known Capitol Hill in a darker era. "I was driving up the street one time," he told me, "and walking in the opposite direction was this huge guy carrying an assault rifle. Broad daylight, no one even noticed. That's what kind of neighborhood it was." Nowadays, row houses around me sell for $1 million or more. I rent.
  • Washington's a fun place to live if you're young and employed. But as a recent Washington Post story pointed out, the nation's capital is slowly pricing out even its yuppies who, in their late-twenties and early-thirties, want to start families but can't afford it. "I hate to say it, but the facts show that the D.C. market is for people who are single and relatively affluent," a real estate researcher told the Post. The District's housing boom just won't stop; off go those new and expecting parents to the suburbs. And we're talking about the lucky ones. Elsewhere in the country, vulnerability in the housing market isn't a trend story; it's the norm. The Cedillo family, as Laura Gottesdiener writes today, went looking for their version of the American housing dream and thought they found it in Chandler, Arizona. They didn't know that the house they chose to rent rested on a shaky foundation -- not physically but financially. It had been one of thousands snapped up and rented out by massive investment firms making a killing in the wake of the housing collapse. As Gottesdiener -- who has put the new rental empires of private equity firms on the map for TomDispatch -- shows, the goal of such companies is to squeeze every dime of profit from their properties, from homes like the Cedillos', and that can lead to tragedy.
  • Drowning in Profits A Private Equity Firm, a Missing Pool Fence, and the Price of a Child’s Death By Laura Gottesdiener
  • ...4 more annotations...
  • Security is a slippery idea these days -- especially when it comes to homes and neighborhoods. Perhaps the most controversial development in America’s housing “recovery” is the role played by large private equity firms. In recent years, they have bought up more than 200,000 mostly foreclosed houses nationwide and turned them into rental empires. In the finance and real estate worlds, this development has won praise for helping to raise home values and creating a new financial product known as a “rental-backed security.” Many economists and housing advocates, however, have blasted this new model as a way for Wall Street to capitalize on an economic crisis by essentially pushing families out of their homes, then turning around and renting those houses back to them. Caught in the crosshairs are tens of thousands of families now living in these private equity-owned homes.
  • The same month that the family rented the house at 1471 West Camino Court, Progress Residential purchased more homes in Maricopa Country than any other institutional buyer. Nationally, Blackstone, a private equity giant, has been the leading purchaser of single-family homes, spending upwards of $8 billion between 2012 and 2014 to purchase 43,000 homes in about a dozen cities. However, in May 2013, according to Michael Orr, director of the Center for Real Estate Theory and Practice at the W. P. Carey School of Business at Arizona State University, Progress Residential bought nearly 200 houses, surpassing Blackstone's buying rate that month in the Phoenix area. The condition and code compliance of these houses varies and is rarely known at the time of the purchase. Mike Anderson, who works for a bidding service contracted by Progress Residential and other private equity giants to buy houses at auctions, was sometimes asked to go out and look at the homes. But with the staggering buying rate -- up to 15 houses a day at the peak -- he couldn’t keep up. “There’d be too many, you couldn’t go out and look at them,” he said. “It’s just a gamble. You never know what you’ve got into.”
  • Global private equity firms have not been, historically, in the business of dealing with pool fences and the other hassles of maintaining single-family houses. But following the housing market collapse, the idea of buying a ton of these foreclosed properties suddenly made sense, at least to investors. Such private-equity purchases were to make money in three ways: buying cheap and waiting for the houses to gain value as the market bounced back; renting them out and collecting monthly rental payments; and promoting a financial product known as “rental-backed securities,” similar to the infamous mortgage-backed securities that triggered the housing meltdown of 2007-2008. Even though the buying of the private equity firms has finally slowed, economists (including those at the Federal Reserve) have expressed concern about the possibility that someday those rental-backed securities could even destabilize -- translation: crash -- the broader market.
  • ince Wall Street was overwhelmingly responsible for the original collapse of the housing market, many have characterized these new purchases as a land grab. In many ways, Progress CEO Donald Mullen is the poster-child for this argument. An investment banker who enjoyed a brief flurry of fame after losing a bidding war to Alec Baldwin at an art auction, he was the leader of a team at Goldman Sachs that orchestrated an infamous bet against the housing market. Known as “the big short,” it allowed that company to make “some serious money“ when the economy melted down, according to Mullen’s own emails. (They were released by the Senate Permanent Subcommittee on Investigations in 2010.) As Kevin Roose of New York magazine has written, “A guy whose most famous trade was a successful bet on the full-scale implosion of the housing market is now swooping in to pick up the pieces on the other end.”
Paul Merrell

Weekly Update: JW Sues for Unmasking Targeting Trump Team - 0 views

  • Much Needed New Scrutiny of the Clinton Foundation   Will there ever be a serious investigation and prosecution of the Clinton cash machine? Maybe. Micah Morrison, our chief investigative reporter, has an important update in his latest Investigative Bulletin:   Rumors have been floating up from Little Rock for months now of a new investigation into the Clinton Foundation. John Solomon advanced the story recently in a January report for The Hill. FBI agents in the Arkansas capital, he wrote, “have taken the lead” in a new Justice Department inquiry “into whether the Clinton Foundation engaged in any pay-to-play politics or other illegal activities while Hillary Clinton served as secretary of state.” Solomon reports that the probe “may also examine whether any tax-exempt assets were converted for personal or political use and whether the foundation complied with applicable tax laws.”   Main Justice also is “re-examining whether there are any unresolved issues from the closed case into Clinton’s transmission of classified information through her personal email server,” Solomon notes.   Solomon is not alone. The Wall Street Journal is tracking the story. And earlier this month, investigative journalist Peter Schweizer cryptically told SiriusXM radio that federal authorities should “convene a grand jury” in Little Rock “and let the American people look at the evidence” about the Clinton Foundation.   Judicial Watch continues to turn up new evidence of Clinton pay-to-play and mishandling of classified information. In recent months, through FOIA litigation, Judicial Watch has forced the release of more than 2,600 emails and documents from Mrs. Clinton and her associates, with more to come. The emails include evidence of Clinton Foundation donors such XL Keystone lobbyist Gordon Griffin, futures brokerage firm CME Group chairman Terrence Duffy, and an associate of Shangri La Entertainment mogul Steve Bing seeking special favors from the State Department. Read more about Judicial Watch’s pay-to-play disclosures here.   Judicial Watch also revealed many previously unreported incidents of mishandling of classified information. Mrs. Clinton and her former State Department deputy chief of staff, Huma Abedin, sent and received classified information through unsecure channels. The emails and documents involved sensitive information about President Obama, the Middle East, Africa, Afghanistan, Mexico, Burma, India, intelligence-related operations and world leaders. For documents and details from Judicial Watch on the mishandling of classified information, see here, here, here and here.   Smelling a rat in Arkansas when it comes to the Clintons of course is nothing new, and the former First Couple are masters of the gray areas around pay-to-play. But mishandling of classified information is a serious matter. And the tax angle is intriguing, even if you’re not Al Capone. The tenacious financial expert Charles Ortel, who has been digging deep into Clinton finances for years, told us back in 2015 that there are “epic problems” with the entire Clinton Foundation edifice, which traces its origins back to Arkansas. He noted that independent accounting firms may have been “duped by false and materially misleading representations” made by Clinton charitable entities. Down in Arkansas, law enforcement may be finally catching up with Ortel’s insights.
bestmsit01

Buy Google AdSense Accounts - 100% Fully Verified & Cheap Price - 0 views

  •  
    Buy Google AdSense Accounts Buy a Google AdSense account and earn money fast. The account is ready to use and safe. Use it on your blog or YouTube. Skip the long wait for approval. Each account comes with fast help and support. It works well for writers, video makers, or online shops. Start earning now with a trusted AdSense account. It's easy, quick, and built for people who want to earn right away. Why will you purchase my service? ➤ Verified with a unique and dedicated proxy ➤ AdWords Account Full Verified ➤ Billing Verification Passed ➤ An Account Verified with Billing Details ➤ 100% Best Account Only Dedicated to You ➤ The account will be fully active ➤ New account with previous spending history ➤ Detailed Login Information If You Want To More Information Just Contact Now. 24 Hours Reply/Contact Email : bestmsit@gmail.com Skype : Best MS IT Telegram : @bestmsit
1 - 10 of 10
Showing 20 items per page