GBTV - Where the Truth Lives

Election Season 2014

And it has brought us to this trainwreck called ObamaCare and we have bankrupted our kids and grandkids!

We are now headed into the 2014 Election Season and common sense and conservatism are on the rise. Please stand-up and be counted!

Reading Collusion: How the Media Stole the 2012 Election is a great place to start!

The Founding Father's Real Reason for the Second Amendment

And remember the words of Thomas Jefferson "The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government." See Video of Suzanna Gratia-Hupp’s Congressional Testimony: What the Second Amendment is REALLY For, below (u-tube HERE).

The Leaders Are Here... Palin, Cruz, Lee, Paul, Chaffetz....

T'S A WONDERFUL LIFE

Can You Really Still Believe That None of These People Would Have Done a Better Job???

Bloggers' Rights at EFF

SIGN THE PETITION TODAY...

Tuesday, January 18, 2011

Economics: Gerald Celente on 2012, Taleb on Federal Reserve and China-Texas Deal

Gerald Celente is a favorite of mine and I think that we should all listen to what he has to say and get prepared

He's been right on several big predictions in the past....is he right this time also?

So, why not be prepared just in case?

Gerald Celente Predicts Economic Armageddon by 2012

Video:  Gerald Calente Predicts Economic Armageddon by 2012

Taleb: Federal Reserve Will Disappear in 25 Years

Tuesday, 18 Jan 2011 09:05 AM

The Federal Reserve will cease to exist within 25 years, along with any other institution that fail to recognize risks tied to their actions, says economist and author Nassim Taleb.

Federal Reserve officials failed to foresee the recent economic crisis and ensuing recession, even thought risks tied to the housing lending policies were apparent prior to the crisis.

In fact, the Fed isn't alone.

"A million people on this planet call themselves economists" these days but they fail to recognize the risks associated with their actions, including excessive borrowing with the aim of near-term economic growth, Taleb tells the Washington Ideas Forum.

"The Romans had a saying: 'The grandchildren should not bear the debt of the grandparents,'" Taleb says.

In the future, institutions that aren't capable of recognizing risks attached to their actions will disappear and be replaced.

"The Fed probably will be gone 25 years from now," Taleb says.

The Federal Reserve is presently buying debt from private banks in order to spur those banks into lending more fuel economic growth.

While critics say such policies weaken the dollar and adds to the country's mounting debt, monetary policy authorities say the program is needed to lower unemployment rates.

"Cutting off an easing program is a step in the direction of tightening," Fed Governor and Gramley senior economic adviser with Potomac Research Group Lyle Gramley tells Bloomberg.

"And you’d be doing it in the context of a financial market that’s pushing up long-term rates already."

By Forrest Jones

Moneynews -  Taleb: Federal Reserve Will Disappear in 25 Years

Remember to Watch the other hand…

 China, US sign US$600m business deals in Texas (Hu Jintao to get 21-gun salute?)

Monday, January 17, 2011 9:35:13 PM · by Libloather · 6 repliesChannel News Asia ^ | 1/18/11 - China, US sign US$600m business deals in TexasPosted: 18 January 2011 at 0306 hrs

BEIJING: Chinese and US businesses signed deals worth $600 million in Texas on Monday, state media reported, a day ahead of President Hu Jintao's crucial state visit to Washington. The six agreements were signed during a visit to the oil-rich state by a delegation of Chinese businessmen led by vice commerce minister Wang Chao, Xinhua reported.

"The deals include two cotton import agreements, an agreement on import of CKD kits, an agreement on development of efficient crystalline silicon solar cells and PV generation system, a porcelain product import agreement," the report said.

They come as Hu and US President Barack Obama prepare to meet for talks in Washington at a small dinner on Tuesday and again on Wednesday, in a visit that will touch on a series of contentious issues between the two nations.


Gripes over the value of the yuan, trade disputes, US arms sales to Taiwan, the Dalai Lama's US visit, the award of the Nobel Peace Prize to Chinese dissident Liu Xiaobo, Internet freedom and naval rivalries in the Pacific, have dogged recent relations.
On Sunday, Hu acknowledged the two countries had "sensitive issues" and differences that needed to be properly managed, in written replies to questions provided by The Wall Street Journal and The Washington Post.

President Barack Obama will welcome Hu on Wednesday at the White House with the full pomp of a 21-gun salute and a black-tie state dinner, unlike former president George W. Bush who reserved state visits for leaders of democracies.

- AFP/de

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JFK on Taxes and the Economy

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