Video: Reality
House Republicans - See our plan for jobs and economic growth: http://jobs.GOP.gov
Showing posts with label Economics 101. Show all posts
Showing posts with label Economics 101. Show all posts
Friday, August 2, 2013
Monday, December 31, 2012
The Truth About The Fiscal Cliff In Simple Terms
By: AJ - Cross-Posted at the NoisyRoom
Many either don’t know what the “fiscal cliff” is, or believe this problem is something that it’s not.
Although America ’s economic crisis is not rocket science, the media and politicians have done a good job of keeping the truth hidden so that our focus isn’t on the real problem. After all, if we, the people, understood the real problem, we would demand that they fix it and we are smart enough to know the real fix that’s needed.
To prevent this from happening, politicians and media conjured up this catchy phrase called “the fiscal cliff.” Then they established a narrative that gave us a false target to blame – the so-called “rich.”
In other words, keeping the people’s attention on class warfare directs our anger and rhetoric onto the false target they’ve fed us and off of ‘what’ and ‘who’ created the problem in the first place. This distracts us from formulating and voicing the real solution to the true problem.
So, what is the real problem that created this crisis?
In a nut shell, our elected politicians have continued to spend trillions more in the past four years than taxpayers have given them. Thus, they have brought America ’s economy to the point of near collapse. It’s that simple.
Three of the broader consequences of what they’ve done are:
- For the first time in the history of our nation, America ’s credit rating has been downgraded – twice.
- Our national debt now exceeds its yearly gross domestic product (GDP).
- The value of the dollar continues to decline, which makes prices rise on the things we need and want (i.e. inflation).
Right now on Capitol Hill, politicians claim to have a deal in the works whereby they will:
“…raise the tax rates on family income over $450,000 and individual income over $400,000 from 35 percent to 39.6 percent, the same level as under former President Bill Clinton. Also, estates would be taxed at 40 percent after the first $5 million for an individual and $10 million for a couple, up from 35 percent to 40 percent. Unemployment benefits would be extended for one year.”
While politicians and media are in lock-step focusing everyone’s attention on whom the government can take more money from, who realizes that this simply allows the politicians to continue to spend trillions more at our expense?
Taking more money from the people will result in less growth of the economy, which leads to greater loss of jobs, which leads to increasing the number of people plunged into poverty.
For those buying into the class warfare narrative, know that you are supporting your own demise. How so? The trickle down effect most people don’t realize is that, whether you’re a car mechanic, a retailer, a construction worker, a car dealership, a waiter, a grocery store cashier, etc., these businesses are negatively impacted when customers have less money to spend; therefore, employers will have less income with which to pay employees. Jobs will be eliminated and some businesses will have to shut down altogether.
It’s not rocket science, it is economic reality.
So let’s cut through the political spin, false narratives and diversions and give you the simple truth about the economic crisis and the real solution, which can be found in a “real world” example of what people have to do when they’ve created this same kind of financial mess for themselves.
This might be a helpful way to explain it to family and friends who aren’t aware.
We already know that when a person, family or business continues to spend a lot more than they take in, eventually they find themselves in pretty serious financial trouble. Why? Because they’ve amassed an unsustainable amount of debt that they cannot realistically repay. (Same goes for a country, and that’s exactly what our politicians have done.)
Think of a family that takes home $50,000 a year. If they spend 25% more than they take in each year (say they’re spending $62,500 each year even though they only bring home $50,000 a year), after four years, they’ve accumulated $50,000 in new debt, plus interest, which they owe to creditors.
What happens to this family? Interest on the debt continues to accrue, their FICO score (credit rating) declines and their creditors warn that action will be taken against them to recover what is owed.
The family now has to solve the financial mess they created for themselves.
If they’re serious about solving the problem, what’s one of the first things they have to do? Cut spending.
In addition to cutting their spending down to what they take in ($50K/year), they’ll cut even more spending so they can begin to pay off the debt and interest they racked up.
In most cases, when creditors start receiving regular monthly payments on the debt, things will stabilize as long as the family continues to pay. It becomes apparent to creditors that the family has created a budget that reduces spending and frees up money to start paying down their debt.
When we look at the typical things this family will cut, first to go are luxury purchases, trips, gifts, costly entertainment/hobbies, sending money overseas… basically, non-essentials that they couldn’t afford to be spending on in the first place. Next might be things like having meals at home instead of eating out at restaurants, sack lunches for the kids instead of the daily school cafeteria expense, trading in the fancier car for one that’s half the cost, driving less, using less in utilities, etc.
If that’s not enough, they may start selling non-essential possessions/assets to raise more cash to pay toward their debt. Taking on another job would be good, but in this Obama-economy it’s probably not a realistic possibility. Some families may even need to downsize their residence; move to a two-bedroom apartment instead of maintaining the cost of the four-bedroom home they’ve been renting.
Bottom line is the family has to cut their spending “with a chainsaw,” as Jim Roger’s said when referring to what the government needs to do to solve the financial mess they created for our country.
But politicians refuse to cut spending. They want to continue spending trillions more than they take from us each year.
What is their solution?
- Create a faux fight over how much MORE they will take from us so they can keep over-spending.
- Keep spinning it as class warfare to give us a false ‘target’ to blame.
- Keep us fighting among ourselves as we get behind one of the political party’s ‘plans’ (so that we’re actually rooting for their solutions to take MORE from hard-working taxpayers).
- Divert our attention away from the real problem and the politicians who actually created the problem.
- Remain blind to the fact that politicians want to perpetuate the problem, not solve it.
Insidiously brilliant, isn’t it? It is masterful propaganda and it’s what they always do.
Investopedia explains what will happen if politicians don’t act, but don’t forget that all the ‘expirations,’ sequestration and triggers were put in place/enacted by them.
“If Congress and President Obama do not act to avert this perfect storm of legislative changes, America will, in the media’s terms, “fall over the cliff.” Among other things, it will mean a tax increase the size of which has not been seen by Americans in 60 years.”
So you see, it is our elected politicians who set the stage for this crisis in order to dupe the American people and carry out the political theater now on display so they can get away with taking more from taxpayers, continue the massive over-spending and avert the possibility of torches and pitchforks outside the Capitol.
When these politicians conclude this round of theater, American’s will unwittingly breathe a sigh of relief that they reached a ‘deal’ and saved us.
In reality, the cold hard truth is that we, the taxpayers, continue to serve at the feet of these politicians. As long as they can take more from us – and they surely can – that’s exactly what they’ll continue to do until we have no more for them to take.
The truth about the fiscal cliff, in simple terms, is that the President and Congress deliberately created the economic crisis our country faces. Their massive spending is intentional and, clearly, it hasn’t helped us; it has hurt us. Their intention all along was to continue to take more and more from the people, thereby increasing their power and wealth – and extinguishing ours. How better to expand the ranks of the poor, further de-industrialize America and destroy, from within, a once-great and prosperous nation?
After all, isn’t that what the Progressives’ hundred-year journey to institute “social justice” in America, from both sides of the aisle, has been all about? Of course it has.
Tyranny comes when the people of a nation can no longer do what they did when they were free. Are we there yet?
Related and Latest Updates:
Senate Approves Fiscal Cliff Legislation
Details of tentative deal averting 'fiscal cliff'
Officials: White House & GOP reach deal
“Tax The Rich” Thrown Out In Socialist France – “It’s Unfair”
Thursday, September 13, 2012
New Romney Ad Hits Obama for Failing American Workers
Since President Obama took office, the United States has lost over half a million manufacturing jobs, while China has seen a 25 percent increase in manufacturing. Seven times President Obama could have stopped China, and seven times he did nothing to bring about change. This passive, unfeeling stance is failing American workers and further damaging our economy.
Video: Falling American Workers
Summary: Mitt Romney on the Economy
- The private sector is where real job growth takes place, not government bureaucracies.
- Unleashing the power of free markets is key to our economic prosperity.
- Taxes should be lower for ALL Americans.
- The death tax should be eliminated and Bush tax cuts made permanent.
- Our corporate tax rate needs to be more competitive and business friendly.
- The capital gains tax rate should be reduced to encourage investment.
- A level-playing field for American products in foreign markets is necessary.
Thursday, July 19, 2012
Why We Have No Budget and Why It Can’t Be Balanced
“We receive wake up call after wake up call and all to no avail because our government is either economically illiterate and doesn’t understand the problem of spending other people's money even after other people run out of money, or is too ideologically committed. The best, but radical, thing that we could/should do is to cut entitlements and foreign aid immediately, knowing full well that could start rioting. And even that would be just the beginning, it will be like chipping away at an iceberg (See the video below)” …Gary the Rat
WHEN BROKE means BROKE
We Have A Budget That Can't Be Balanced
CLICK 
http://www.youtube-nocookie.com/embed/EW5IdwltaAc?rel=0
And yet…
Obama Ends Welfare Reform as We Know It, Calls for $12.7 Trillion in New Welfare Spending putting us even further into debt to try and garner votes for his re-election. President Obama has also played the smoke and mirrors game pandering to students on the backs of seniors by hiding a provision in the transportation bill covering first year college loan fees with money from the already broke social security fund.
The people we have in the White House now and most that we have in Congress are not capable or not willing to do what needs to be done to fix the problems. And many don’t even understand the problem and are ideologically blinded.
President Obama and the Senate under the leadership of Harry Reid purposely kept this from the American people by not passing a budget or bringing on to vote in years.
All issues other than fixing the economy and jobs are diversions and secondary at this point.
In November we must clean house from President Obama on down or our ship of state will sink!
![clip_image001[4]](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg7ruh-jZy8F9XKonDlMdGLPFmGLkHMZ6F0huK3r3u3yTl3NhiXhFR5blLHh8Nx94JzOfwsTC12krJ2Kp10mxj25KXArlNcqpNoyxgkrckPkLUK0BeUuvAnw1Zn_y9B8YqrVi2eT8Mc5Sg6/s1600-h/clip_image001%25255B4%25255D%25255B2%25255D.gif "clip_image001[4]"){kind=small}
Related:
Economist Ron Hera really nails it. We are ALREADY in collapse
Technorati Tags: jobs,economics,economy,national budget,balancing the budget,Congress,Election 2012,2012 Election,welfare reform,Obamaland,Obama's agenda,destroying America,seniors,student loans,smoke and mirrors,Mitt Romney,one term Obama,Mitt Romney 2012,entitlements,stop spending,nanny state,Progressivism
Sunday, July 15, 2012
Dancing on the Global Fiscal Cliff
By: Terresa Monroe-Hamilton – The NoisyRoom
And the depths of chaos beckon while the financial sands beneath our feet shift into oblivion. Today, we offer you a metaphor salad to describe the current progress of the financial apocalypse. Yep, more happy news from the economic war front.
To say we are skating on thin ice globally as well as here in the US is an understatement of epic proportions. It’s the new and improved walking dead economies – it’s the end of the economic banking world and I feel fine. In fact, it should leave all of us breathless.
While Wall Street manipulates the hell out of the markets and bankers play games with our future (and they have butter fingers by the way), we are told to chill… everything is under control and we are in a slow recovery. Black is white; up is down. And by the way, I have a bridge that is to die for — just sign here. Never mind the second Great Depression taking place. Pardon moi if confidence is in the toilet these days and if we don’t believe the powers that be any more. We’re fickle that way.
It was claimed that MF Global was a freak – that it would never happen again. That is until PFGBest came along and made lightning strike twice in the same spot. What? Nothing to see here sheeple… Quick, invest, invest, invest! From The Economic Collapse:
PFGBest is a brokerage firm in Cedar Falls, Iowa that mostly handles agricultural futures.
All hell broke loose when the National Futures Association discovered that a bank account that was supposed to be holding 225 million dollars of customer funds was only holding about 5 million dollars instead.
So where is the other 220 million dollars?
That is a very good question.
Of course it is not a promising sign that the head of PFGBest tried to commit suicide when this news came out.
Next, we were told a wave of city bankruptcies would NEVER occur in the US, we nodded and smiled like idiots and said that we believed the weasel politicians. California is turning into Greece at an alarming rate with three cities in the last 2 weeks going toes up and many more to follow — first came Stockton, then Mammoth Lakes and now San Bernardino. Just nod some more if you get it now. From The Los Angeles Times:
The city’s fiscal crisis has been years in the making, compounded by the nation’s crushing recession and exacerbated by escalating pension costs, lucrative labor agreements, Sacramento’s raid on redevelopment funds and a city reserve that is tapped out, officials said.
And this is not unique to California. It’s happening all over the US, you just don’t see it in the press because it makes Obama look bad. Take a long, hard look at Scranton, Pennsylvania where all city employees were just put on minimum wage. They wouldn’t raise taxes (who would want to?), so the mayor reduced wages. He had to do something because they are BROKE.
We were told to have faith in global interest rates, that they couldn’t possibly be manipulated by insiders — that is until the LIBOR scandal. Whoops! In fact, watch this scandal… it will literally rock the world and bring economies to their knees. Count on it. If financial dreamers dream, then it’s nightmares all around. Welcome to global collusion. More from The Economic Collapse:
It turns out that banksters have been colluding to fix global interest rates for years.
“Liborgate” is being called the biggest financial scandal in history. Libor is important because it is one of the key benchmarks used to set prices for hundreds of trillions of dollars of loans, securities and derivatives.
British banking giant Barclays has already admitted that they were involved in manipulating Libor.
Barclays has already agreed to pay $453 million in fines to British and U.S. authorities.
But the truth is that it would have been totally impossible for Barclays to have manipulated Libor by themselves.
So who else was involved?
The Wall Street Journal puts it this way:
At stake is both the integrity of the world’s financial system and the credibility of the U.K. authorities to police it. Long before the current scandal, many European policy makers had concluded that London during the boom was the Wild West, whose loose standards are a threat to European financial stability. The Libor scandal suggests U.S. regulators have reached similar conclusions. The Commodities Futures Trading Commission, the U.S. regulatory body that first started investigating rate-fixing, left little doubt how seriously it regards the abuses it uncovered.
Get the hell out of the system, right now. Don’t stubbornly stand on the deck of a fiscal Titanic as it sinks. Head for the lifeboats and nix the suicide folks.
We were also told that Greece was an anomaly. Just another twist of fate — couldn’t happen again. Until Spain that is, who looks an awful like a repeat of Greece only worse. And as has been foretold on this blog over and over, it’s a chain reaction and more catastrophe to follow and soon. It’s summertime in Fiscal Hell, don’tcha know.
Don’t let the austerity they are pushing in Greece fool you. It consists of taxes that no one can pay if they want to continue eating. It does reduce spending and government bennies, but it is too little too late. Europe is on the way down, big time. Spain will make Greece look like a walk in the fricking park. Again from The Economic Collapse:
Can anyone still possibly deny that Spain is going down the exact same road that Greece has gone?
Spanish Prime Minister Mariano Rajoy is proposing a huge slate of tough austerity measures including a 3 point increase in the Value Added Tax on goods and services. If that 3 point hike is implemented, the Value Added Tax will rise to 21 percent.
Could you imagine going to the store and paying a 21 percent sales tax?
Ouch.
Rajoy is promising that these measures will get Spain back on the right track.
Of course we have already seen how well such austerity measures have worked in Greece.
The unemployment rate in Spain is already up to 24.4 percent, and now these austerity measures will slow the economy down even more.
No wonder there is rioting in the streets. You can see high quality footage of the rioting that has been going on in Spain this week right here. At one point police were seen firing rubber bullets at the protesters.
But of course the citizens of Spain could not live way above their means forever. At some point every debt bubble ends, and when that happens the results are often incredibly painful.
You are looking into America’s not-too-distant future. Truth be told, if the Obama administration was honest about our unemployment rate, it would read over 15% and personally, I think it is closer to 23 or 24%.
So, as we gleefully dance ever closer to the global fiscal cliff — and a crumbling cliff at that — maybe just maybe we should actually look at what is going on around us globally and locally here in the US. It’s not just finances, it’s morality, ethics, our culture — the whole ball of wax and we are coming undone quickly. As a nation, we need to fall to our knees and declare a covenant with God and fast or we will realize a reckoning few can envision. Thus endeth the lesson.
Monday, April 9, 2012
A Wicked Financial Storm Descends On America
By: Terresa Monroe-Hamilton – The NoisyRoom
Ever since 2008, this blog has been warning about economic devastation heading our way. You see it everywhere you look today, if you bother to look that is… Gas prices are at close to an average of $4 a gallon and in parts of California, it is now hitting $7, with no end in sight. Food inflation that is rising so precipitously, it takes your breath away – but the government says there is no inflation.
In the world that is America now, all things seem to be upside down and sliding full-blown out of control. This includes the Communist who is our current Commander-in-Chief. He claims he is drilling for oil, when the opposite is true. He is blocking all of it and piling so many regulations on our coal plants in lockstep with his bud, Cass Sunstein, that they are shutting down as well. Lie after lie after infernal lie.
As for unemployment, the government is manipulating the hell out of those numbers in an attempt to calm the sheep before the slaughter. They claim it has fallen to 8.2%. Take a long look at the U6 rate, which tracks not only those out of work, but those who’ve essentially given up looking for work. It currently sits at 14.5% – close to double what is being claimed by our ‘progressive’ leadership. Real unemployment stands at closer to 19.1% and is perhaps substantially higher than that.
People are giving up on finding work. A second, even more brutal wave of foreclosures is also on the horizon. Real hunger is coming to the US and hard times that will make the Great Depression seem like the good ole days are pounding on our door. A majority of states are now close to being unable to cover pensions and other entitlements as well as expenses. Bankruptcy is an understatement for what these states are facing. So, to “solve” the problem, a number of them are taxing more which makes it worse and worse. All the while, the rising flood of fuel prices surges against the levee.
When truckers cannot fill their tanks anymore because of the cost, store shelves will become barren wastelands. Real food deserts. When people get hungry, especially when their children are hungry, they get mean and desperate. Just what the Progressives had in mind. Violence, chaos and mayhem in the streets.
So, you say… the election is not far off and we can get rid of Obama then. Maybe, maybe not… I understand a company owned at least in part by Soros will be handling voting results. It doesn’t take a genius to see how that would be manipulated. Then there is a potential war with Iran. If Obama feels his reelection is in jeopardy, war with Iran will look like just the right emergency. Or, there could be any other number of emergencies, real or ginned up like the Trayvon Martin murder that is sparking racial unrest.
If nothing else, the debt we owe will literally drag us into hell all by itself. We’re broke and we aren’t going back to yesteryear anytime soon. That would take massive cuts and pain and no one with that kind of spine exists today in our government. But until the last penny is stolen and the last party is thrown by the Progressives, they will keep spending until there is nothing left but death, war, famine and blood. And they are okay with that, trust me. We face the abyss and our leaders are embracing the gulf.
From The Economic Collapse Blog:
#1 According to one new survey, approximately one-third of all Americans are not paying their bills on time at this point.
#2 The U.S. housing industry is bracing for another huge wave of foreclosures in 2012. The following is from a recent Reuters article….
“We are right back where we were two years ago. I would put money on 2012 being a bigger year for foreclosures than 2010,” said Mark Seifert, executive director of Empowering & Strengthening Ohio’s People (ESOP), a counseling group with 10 offices in Ohio.
#3 The Citigroup Economic Surprise Index, a key indicator watched by many economists, is on the verge of heading into negative territory.
#4 We are supposed to be in the middle of an economic recovery in the United States, but bad news just keeps pouring in from major companies. For example, Yahoo is firing thousands of workers and Best Buy is closing dozens of stores.
#5 Richard Russell says that the “big money” is starting to quietly exit from the financial markets….
“My guess is that this is the big money that has been holding off as long as it decently can — and then dumping their goods just before the close. I don’t think the big money likes this market, and I think they have been slowly exiting this market, as quietly as they can.”
#6 Goldman Sachs is projecting that the S&P 500 will fall by about 11 percent by the end of 2012.
#7 All over the country, local governments are going into default and we have not even entered the next recession yet.
#8 The U.S. government will add more to the national debt in 2012 than it did from the time that George Washington became president to the time that Ronald Reagan became president.
#9 The Federal Reserve is desperately trying to control interest rates. The Fed purchased approximately 61 percent of all government debt issued by the U.S. Treasury Department in 2011. This is the only thing that is keeping interest rates in the United States from soaring dramatically.
#10 German industrial production is falling at a pace that is far faster then expected.
#11 Italy’s debt-to-GDP ratio is now up to 120 percent.
#12 The Spanish government admitted on Tuesday that Spain’s debt-to-GDP ratio will rise by more than 11 percent this year alone.
#13 Yields on Spanish bonds are rising to dangerous levels.
#14 The Spanish government is projecting that the unemployment rate in Spain will exceed 24 percent by the end of the year.
#15 Unemployment in the eurozone as a whole has risen for 10 months in a row and is now at a 15 year high.
#16 In the aftermath of a 77-year-old retiree killing himself in front of the Greek parliament in protest over pension cuts, the economic rioting in Greece has flared back up dramatically.
#17 At this point, Greece is experiencing an economic depression with no end in sight. Some of the statistics coming out of Greece are really hard to believe. For example, one port town in Greece now has an unemployment rate of approximately 60 percent.
#18 The IMF is asking the United States to contribute more money for European bailouts.
#19 At this point, even some of our top scientists are projecting economic trouble. For example, researchers at MIT are projecting a “global economic collapse” by the year 2030 if current trends continue.
We don’t have till 2030… I personally don’t think we have until 2013. As the stock market (which is hideously manipulated) teeters on the edge of Armageddon and those with any money at all are running for the exits, the warnings of a wicked financial storm descending on America are blaring for all they are worth. And it would seem America is still asleep. Prepare to reap the whirlwind of an economic collapse – we are at its door.
Breitbart.com: As mention above: Record 87,897,000 Americans Not in the Labor Force amid disappointing unemployment numbers that fell 80,000 jobs short of projections, another number is raising eyebrows: the number of Americans not in the labor force has hit a record high 87,897,000.
This figure explains why overall unemployment dropped from 8.3% to 8.2%, as the Department of Labor's unemployment figure does not include people who have given up hope and are not actively seeking employment.
When the number of individuals who have stopped looking for a job and/or who are working part-time but desire full-time employment is included--a figure known as the "underemployment rate"--real unemployment stands at 19.1%.
Wednesday, March 7, 2012
Removing the Shackles… the Blindfolds and the Tape Before You Can’t… Or Welcome to Year Five In The Crazy House
I want to explain to everyone what is going on right now all across our planet. This is not going to be an easy task, as much of what I have to say is going to shatter beliefs and the preconceived notions of how our world works, on all levels, and the shock of it might be so profound that many will refuse to believe it. Before I start I want to say something to you all. I am putting this out here for you to read because it's my job to do so. It is the job of everyone who knows what is really going on around us, even if you know only small piece of the puzzle, to tell others and help them take their off their blindfolds. We have a responsibility to our friends and family and neighbors and even the grocer down the street, to help them understand. Even if they don't believe you, you've planted the seed in their minds, and when the massive changes happen, they will be better prepared to understand.
I've been posting articles daily to my friends about the arrests that are taking place and about the massive Banker resignations that are sweeping the world right now. I've been posting these things to sort of warm people up to the truth that's about to be disclosed to the world- a warm up so that when the announcements start to happen , people might not be quite so shocked by it all. As of yesterday there have been 116 banker resignations that we know of and about 90% of them have happened in the last two weeks. And believe me: none of these bankers have suddenly resigned because they have decided to find another job! This is one of the first major signs of what's about to happen.
The absolute first thing that I want to make clear to you is about the media. This is a vital point to understand because it's the basis of most of the problems that are going on right now. Our Mainstream Media (MSM) is NOT telling you the truth. About anything. For many years now, all the MSM has been bought up by 5 people- yes, almost 90% of the global mainstream media is owned by 5 people, (go ahead, look it up!), and they didn't buy it all up just as an investment. The MSM is tightly controlled and they report on only those stories that are allowed, and everything their controllers don't want the public to know is completely blacked out. The media is used to control us, to tell us what to think, to tell us how to feel, and most importantly to manipulate the population into doing what they want. The second most important thing to know is that the MSM is used for "debunking" any truths that do get out and to deny and make fun of any "conspiracy theories" when the truth does get out. When pieces of real facts and truths slip out into the public they immediately do everything in their power to make sure people don't believe it. This is a major propaganda campaign that has been running for decades. Pretty much every single major event in the last 50 years has been spun to make people believe the "official" story. The assignations of JFK and Martin Luther king, the wars in Viet Nam, the Gulf war(s), the cold war, .... there is not enough room here to give a complete list. Suffice to say, if it's labeled a "Conspiracy Theory" it's almost guaranteed to be true. (in future posts I will talk about several of these and explain the how and why).
The biggest "conspiracy theory" out there, one that they go to huge lengths to make fun of and to desperately try to debunk is the New World Order/Illuminatti/black hats/dark cabal theories. This is NOT a "theory". It is an absolute truth. Sadly people have been so brainwashed by the MSM that even when these powerful men (and women) openly talk about their "New World Order" people refuse to believe it is real. The media likes to scoff at people like Alex Jones (of infowars.com) and claim that these people are crack pots and delusional, what they don't tell you is that many of these groups have made more predictions that have come true, broken more major news stories, and dug up more information than any other "news" group on the planet. I'm not saying that they are all 100% correct- I don't completely agree with everything that Alex Jones says for example, but groups like his are reporting far more of the truth than anything in the MSM.
continue article at RemovingTheShackes.com:
2. Welcome to Year Five In The Crazy House - See Above
By Charles Hugh Smith
Excerpts:
Welcome to the Crazy House, a rotting McMansion ruled by power-drunk megalomaniacs suffering from delusions of invulnerability and god-like powers. Why are we here, you ask? Because the drunks who run the household make it so darned easy: just keep quiet, listen politely to their ravings, and you get subsidized meals, free rent, a houseful of techno-gadgetry and nonstop entertainment--and that's not even counting the amusement value of their delusional, sloppy-drunk ramblings out by the rust-stained pool.
It takes a while to habituate to the Crazy House; at first, all the artifice, illusions, delusions and lies are disorienting. The dysfunctional "family" that runs the place acts like the money is endless, as if borrowing money was the same as actually producing something of value.
Meanwhile, you hear whispers that everything's paid with credit, and some of the vendors are threatening to cut the mansion's credit. That would be curtains for the whole charade, of course, but the "leaders" pontificate about the magnificence of the rotting mansion as if still having credit was the same as having productive wealth.
Will we ever get sick enough of the lies to leave the security offered by the Crazy House? Probably not, because it's too easy to stay: the food is greasy and sugary but tasty, the rent is basically free, and there's plenty of meds, booze and drugs to fix whatever "healthcare" issues you might have. Of course none of the meds actually restores your health; they only treat the symptoms of ill-health and ruin.
The sad thing about living in the Crazy House for four years is how living a life of illusory security saps the will and perhaps even the ability to function in the real world. The grease-soaked sugar bomb food they serve has left everyone obese and malnourished, and all the electronic toys and entertainment has rendered them mentally and physically unfit and terminally distracted.
They know the reassurances of the "leaders" are false, and that beneath the surface, everything in the mansion is either squalid and falling apart or ripe with the rot of corruption and lies. But leaving opens a Pandora's Box of uncertainty and sacrifice; it's easier to stay and listen to the absurd claims of godhood and endless wealth, and phony exhortations of the mansion's mythical "can-do" spirit.
As long as the vendors keep letting the mansion's delusional megalomaniacs run up their credit tab, then it's easier to passively stay put than to face the challenges of truth and reality outside the rotting palace of illusion and lies.
3. The US Is Living On Borrowed Time
Dave Cohen
![clip_image003[4]](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgU4ZeULIUJM1C6mMKt9GyjAzGXkKlOTB9laJRcVdd1WsPGyUFM_TefTkz8CK0XnWb9_Adntj6G9cS5vRwVDSiEoGwyVKxl4CfVObppEtjHETbIPmYTVwaFkLBA4gv-BG4HDzngBPskJsYa/s1600-h/clip_image003%25255B4%25255D%25255B4%25255D.jpg "clip_image003[4]")
4. Japan Is Now Another Spinning Plate In The Global Economy Circus
Chris Martenson
![clip_image004[5]](http://farm1.static.flickr.com/176/450382623_8ec38093bc.jpg "clip_image004[5]")
5. “I’m Mad As Hell And I’m Not Going To Take This Anymore!”
D. Sherman Okst
6. Cause, Effect & The Fallacy Of A Return To Normalcy
Jim Quinn
7. European Banks Now Face Huge Margin Calls As ECB Collateral Crumbles
ZeroHedge
8. Atlas Doesn’t Shrug; Atlas Shrinks
Monty Pelerin
Axel G. Merk
10. Is China Just Another Debt Addict?
The Automatic Earth
11. The Mainstream Media Still Doesn’t Get The ECB Greek Debt Swap
Graham Summers
12. 'I Have Very Grave Reservations': Reader Response To US Situation’
Monty Pelerin
13. Greed & Corruption On Pennsylvania Avenue
Charles Kadlec
14. 9 Republican AG's Allege Obama Administration Violates Law 21 Times
Newsmax
15. Obama Mulls Giving Moscow Data On Missile Defense
Reuters
16. Governments Acting As Venture Capitalists
James Hall
Monty Pelerin
18. Stock Market No Place For Pros
Monty Pelerin
Fair Use Notice: This email report contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: www.law.cornell.edu/uscode/17/107.shtml.If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.
ROLLS REPORT
Source: Before It Is News – h/t to John Rolls
Tuesday, March 6, 2012
IS THE ECONOMY IMPROVING?
The President and his media are telling us that the economy is improving and their propaganda machine is in overdrive. Here is an AP survey that’s hot off the presses, “More Optimism about US Jobs and Economy”.
AP surveyed twenty-four economists, not the general public. Although the headline will influence the slumbering masses and provide a talking point to benefit the Obama administration, all we need to do is ask tax-paying Americans a few important questions.
What is your wallet telling you? Have energy prices skyrocketed or decreased? Have food prices risen or declined? Are other necessities more expensive or less expensive than they were a few years ago? Did healthcare premiums go up or down?
Truth is brought to light in an excellent article which notes the good news, but also provides economic facts that the propaganda media will not reveal:
“At the moment things are relatively stable. Some economic statistics are improving slightly and some continue to get even worse. However, it is very important to keep in mind that one of the biggest reasons why things have stabilized is because the federal government is pumping more than a trillion dollars a year into the economy that it does not have. The Obama administration is engaging in a debt binge unlike anything America has ever seen before, and yet many economic indicators are still in decline…
… you are bound to run into family and friends that will repeat to you the nonsense that they are hearing on the television about how the economy is recovering.
When they try to convince you that the economy is getting better, ask them these questions....
If the economy is getting better, then why did new home sales in the United States hit a brand new all-time record low during 2011?
If the economy is getting better, then why are there 6 million less jobs in America today than there were before the recession started?
If the economy is getting better, then why is the average duration of unemployment in this country close to an all-time record high?
If the economy is getting better, then why has the number of homeless female veterans more than doubled?
If the economy is getting better, then why has the number of Americans on food stamps increased by 3 million since this time last year and by more than 14 million since Barack Obama entered the White House?
If the economy is getting better, then why has the number of children living in poverty in America risen for four years in a row?
If the economy is getting better, then why is the percentage of Americans living in "extreme poverty" at an all-time high?
If the economy is getting better, then why is the Federal Housing Administration on the verge of a financial collapse?
If the economy is getting better, then why do only 23 percent of American companies plan to hire more employees in 2012?
If the economy is getting better, then why has the number of self-employed Americans fallen by more than 2 million since 2006?
If the economy is getting better, then why did an all-time record low percentage of U.S. teens have a job last summer?
If the economy is getting better, then why does median household income keep declining? Overall, median household income in the United States has declined by a total of 6.8% since December 2007 once you account for inflation.
If the economy is getting better, then why has the number of Americans living below the poverty line increased by 10 million since 2006?
If the economy is getting better, then why is the average age of a vehicle in America now sitting at an all-time high?
If the economy is getting better, then why are 18 percent of all homes in the state of Florida currently sitting vacant?
If the economy is getting better, then why are 19 percent of all American men between the ages of 25 and 34 living with their parents?
If the economy is getting better, then why does the number of "long-term unemployed workers" stay so high?
When Barack Obama first took office, the number of "long-term unemployed workers" in the United States was approximately 2.6 million. Today, that number is sitting at 5.6 million.
But there is some good news.
When Barack Obama first took office, an ounce of gold was going for about $850. Today, the price of an ounce of gold is over $1700.
The era of great prosperity that America has enjoyed for so long is coming to an end.
In fact, our long-term economic decline is about to accelerate.
So enjoy this "bubble of hope" while you can, because it won't last long.
As I have written about previously, many are warning that Europe is on the verge of a nightmarish financial crisis that could potentially plunge us into a global recession even worse than 2008.
So let us hope for the best, but let us also prepare for the worst.”
Are you prepared?
By: AJ - Hat Tip: Mark Levin
Friday, March 2, 2012
545 vs. 300,000,000 People...... This guy hit the nail on the head!!!
Charley Reese's Final column!
Charley Reese's final column for the Orlando Sentinel. He has been a journalist for 49 years.He is retiring and this is HIS LAST COLUMN.
Be sure to read the Tax List at the end.
This is about as clear and easy to understand as it can be. The article below is completely neutral, neither anti-republican or democrat. Charlie Reese, a retired reporter for the Orlando Sentinel, has hit the nail directly on the head, defining clearly who it is that in the final analysis must assume responsibility for the judgments made that impact each one of us every day. It's a short but good read. Worth the time. Worth remembering!
545 vs. 300,000,000 People - By Charlie Reese
Politicians are the only people in the world who create problems and then campaign against them.
Have you ever wondered, if both the Democrats and the Republicans are against deficits, WHY do we have deficits? Have you ever wondered, if all the politicians are against inflation and high taxes, WHY do we have inflation and high taxes?
You and I don't propose a federal budget. The President does.
You and I don't have the Constitutional authority to vote on appropriations. The House of Representatives does.
You and I don't write the tax code, Congress does.
You and I don't set fiscal policy, Congress does.
You and I don't control monetary policy, the Federal Reserve Bank does.
One hundred senators, 435 congressmen, one President, and nine Supreme Court justices equates to 545 human beings out of the 300 million are directly, legally, morally, and individually responsible for the domestic problems that plague this country.
I excluded the members of the Federal Reserve Board because that problem was created by the Congress. In 1913, Congress delegated its Constitutional duty to provide a sound currency to a federally chartered, but private, central bank.
I excluded all the special interests and lobbyists for a sound reason. They have no legal authority. They have no ability to coerce a senator, a congressman, or a President to do one cotton-picking thing. I don't care if they offer a politician $1 million dollars in cash. The politician has the power to accept or reject it. No matter what the lobbyist promises, it is the legislator's responsibility to determine how he votes.
Those 545 human beings spend much of their energy convincing you that what they did is not their fault. They cooperate in this common con regardless of party.
What separates a politician from a normal human being is an excessive amount of gall. No normal human being would have the gall of a Speaker, who stood up and criticized the President for creating deficits. The President can only propose a budget. He cannot force the Congress to accept it.
The Constitution, which is the supreme law of the land, gives sole responsibility to the House of Representatives for originating and approving appropriations and taxes. Who is the speaker of the House? John Boehner. He is the leader of the majority party. He and fellow House members, not the President, can approve any budget they want. If the President vetoes it, they can pass it over his veto if they agree to.
It seems inconceivable to me that a nation of 300 million cannot replace 545 people who stand convicted -- by present facts -- of incompetence and irresponsibility. I can't think of a single domestic problem that is not traceable directly to those 545 people. When you fully grasp the plain truth that 545 people exercise the power of the federal government, then it must follow that what exists is what they want to exist.
If the tax code is unfair, it's because they want it unfair.
If the budget is in the red, it's because they want it in the red.
If the Army & Marines are in Iraq and Afghanistan it's because they want them in Iraq and Afghanistan ...
If they do not receive social security but are on an elite retirement plan not available to the people, it's because they want it that way.
There are no insoluble government problems.
Do not let these 545 people shift the blame to bureaucrats, whom they hire and whose jobs they can abolish; to lobbyists, whose gifts and advice they can reject; to regulators, to whom they give the power to regulate and from whom they can take this power. Above all, do not let them con you into the belief that there exists disembodied mystical forces like "the economy," "inflation," or "politics" that prevent them from doing what they take an oath to do.
Those 545 people, and they alone, are responsible.
They, and they alone, have the power.
They, and they alone, should be held accountable by the people who are their bosses.
Provided the voters have the gumption to manage their own employees...
We should vote all of them out of office and clean up their mess!
Charlie Reese is a former columnist of the Orlando Sentinel Newspaper.
What you do with this article now that you have read it... is up to you.
This might be funny if it weren't so true. Be sure to read all the way to the end:
Tax his land, Tax his bed,
Tax the table, At which he's fed.
Tax his tractor, Tax his mule,
Teach him taxes Are the rule.
Tax his work, Tax his pay,
He works for peanuts anyway!
Tax his cow, Tax his goat,
Tax his pants, Tax his coat.
Tax his ties, Tax his shirt,
Tax his work, Tax his dirt.
Tax his tobacco, Tax his drink,
Tax him if he Tries to think.
Tax his cigars, Tax his beers,
If he cries Tax his tears.
Tax his car, Tax his gas,
Find other ways To tax his ass.
Tax all he has Then let him know
That you won't be done Till he has no dough.
When he screams and hollers; Then tax him some more,
Tax him till He's good and sore.
Then tax his coffin,Tax his grave,
Tax the sod in Which he's laid...
Put these words Upon his tomb,
'Taxes drove me to my doom...'
When he's gone, Do not relax,
Its time to apply………………….
The inheritance tax.
Accounts Receivable Tax
Building Permit Tax
CDL license Tax
Cigarette Tax
Corporate Income Tax
Dog License Tax
Excise Taxes
Federal Income Tax
Federal Unemployment Tax (FUTA)
Fishing License Tax
Food License Tax
Fuel Permit Tax
Gasoline Tax (currently 44.75 cents per gallon)
Gross Receipts Tax
Hunting License Tax
Inheritance Tax
Inventory Tax
IRS Interest Charges IRS Penalties (tax on top of tax)
Liquor Tax
Luxury Taxes
Marriage License Tax
Medicare Tax
Personal Property Tax
Property Tax
Real Estate Tax
Service Charge Tax
Social Security Tax
Road Usage Tax
Recreational Vehicle Tax
Sales Tax
School Tax
State Income Tax
State Unemployment Tax (SUTA)
Telephone Federal Excise Tax
Telephone Federal Universal Service Fee Tax
Telephone Federal, State and Local Surcharge Taxes
Telephone Minimum Usage Surcharge Tax
Telephone Recurring and Nonrecurring Charges Tax
Telephone State and Local Tax
Telephone Usage Charge Tax
Utility Taxes
Vehicle License Registration Tax
Vehicle Sales Tax
Watercraft Registration Tax
Well Permit Tax
Workers Compensation Tax
STILL THINK THIS IS FUNNY?
Not one of these taxes existed 100 years ago, & our nation was the most prosperous in the world. We had absolutely no national debt, had the largest middle class in the world, and Mom stayed home to raise the kids.
What in the heck happened? Can you spell 'politicians?' I hope this gets passed around and shared!
THE USA at least 545 times!!! YOU can help it get there!!!
GO AHEAD. . . BE AN AMERICAN!!!
h/t to Deonia Copeland
Subscribe to:
Posts (Atom)
