Death of the West: the Euro and Dollar Fail, while the Rise of Oil puts Muslims on Top
It is unclear how much clearer things need to get before the elite get it: the strategic correlation of forces is steadily and regularly eroding the position of the West vis-à-vis the Muslim world. Ironically, Greece, the cradle of early democracy, may or may not, be the proximate cause of the collapse of the leading Western currency: the Euro. For those Americans who don’t get | Read More »
The U.S. has become a Joke — Only $25 Billion in Debt Limit Left
This just in, Estonia — the former Soviet communist captive state — has a better financial rating than the United States. Here is the U.S. strategic financial situation — a complete joke. While the public tries to sort out if CBO was right, and the great budget deal only cut $350 million, or the $38 billion widely reported by the mainstream media, Rome is burning. | Read More »
So…….. As China Begins To Unpeg From The US Dollar……….
……. How many minutes after the official notice arrives does our Dictator In Training Pants hit the hardwood for some 3-on 3, or set the guest list for the next White House par-tay ? The other part of that question is……… As China unpegs from The US Dollar, does the FDIC order pension plans to buy into ‘failed’ banks and how much more will The | Read More »
When Obama Prints a Trillion Dollars a Year in New U.S. Currency, Others say, “Why can’t we do that?”
The trillion dollar President, and his push to spend $2.5 Trillion more on health care, even as the Fed prints a trillion dollars a year to pay our bills, has irreparably harmed the United States. His reckless disregard for the rules of international finance has done one thing: made everyone in the world with a shot at creating the planet’s dominant currency want to print | Read More »
Your first Thanksgiving weekend news dump.
Hi: My computer died last night – Joy. Going out tomorrow (Double Joy) and get a new laptop. So that means for the time being, I’m limited to my Crackberry. Apologies for the links probably not being active. You know what to do: Highlight ‘em and c/p to a browser for lookin’ in on ‘em. ———– Dubai debt default http://news.theage.com.au/breaking-news-world/dubai-default-threat-rattles-world-stocks-20091127-juy4.html Global stock markets tumbled Thursday | Read More »
You, You, You Spend too Much!
James Pethokoukis of Reuters is at it again, subversion-via-blog. So in the little sit down with the President, the Chinese made clear they did not believe a word of the President’s promises about ObamaCare not adding to the deficit. The Chinese asked uncomfortable questions about the cost of ObamaCare: Guess what? It turns out the Chinese are kind of curious about how President Barack Obama’s | Read More »
The Tipping Point Has Arrived…… Swine Flu (H1N1) Declared A National Emergency AND Obama urges US banks to help small businesses.
From the subject heading above and if you’ve been paying even remote attention to what is going on in our nation and around the world, you have already reached the absolutely obvious conclusion. However, I shall show you the doorway to Hell nonetheless. This is a rather long composition with multiple links, so let’s get started……….. http://news.theage.com.au/breaking-news-world/obama-urges-banks-to-help-small-businesses-20091024-he56.html 24 October 2009, Washington DC. “Small businesses have | Read More »
Pethokoukis: America’s Banana Republic Economy
James Pethokoukis (Reuters) cites two examples of why America is well down the road of a banana republic economy. Our record debt levels and deficits, combined the fiscal fantasy land the White House and Congress work and live in are writ large in both examples. First, the White House announces a $250 payment to every senior for inflation that didn’t exist. “In effect, a COLA | Read More »
The Bananization of Our Republic Continues
Desperate men do desperate things, and those who have any doubt just how desperate the Dems are over passing health reform should read the Washington Post editorial that puts the lie to what the White House and Senate Majority Leader Reid are attempting to do — put $241 billion in new health reform spending off-budget. Off-budget is Washington speak for lets-spend-the-money-but-not-count-that-we-are-spending-it. Taking ever so slight | Read More »
Nine Leftist Latin American Countries Dropping The US Dollar In 2010.
http://www.google.com/hostednews/afp/article/ALeqM5jisHEg79Cz8uRtYfZR6WK4JmWsIg Leftist Latin American leaders have agreed on the creation of a regional currency to scale back on the use of the US dollar as well as economic sanctions against Honduran coup leaders. Nine countries of ALBA, a leftist bloc conceived by Venezuelan President Hugo Chavez, met Friday in Bolivia where they vowed to press ahead with a new currency for intra-regional trade to replace | Read More »
The Dems Are Killing the Dollar
While the cognoscenti of the Western financial world is attempting to spin the recent fall in the dollar as a stylish financial mystery play with a journalist based in the Middle East as its star, the Whodunit spin is a red herring: the facts are that the dollar is weak, and getting weaker. The world is awash in dollars. There is a massive oversupply. We | Read More »
, Federal Reserve
, Health Care
, Health Care Reform
, President Obama
, printing money
, printing U.S. currency
, US Dollar
, white house
The World Moves Against the Dollar
When Putin announced that Russia would no longer sell its oil and natural gas in dollars, there were the normal — its OK type statements from the financial world, and it was viewed by the Western financial cognoscenti as an anomaly. However, since the Federal Reserve is printing an estimated $600 billion a year to give to bankers and brokers, who then buy U.S. Treasury | Read More »
, Chinese yuan
, democratic congress
, President Obama
, The Euro
, US Dollar
Is the U.S. Government Bankrupt?
Who knew the U.S. government has $100 trillion in unfunded liabilities? The Chinese government warned the global financial community that it is very concerned about our massive printing of U.S. dollars and that we are using the magically printed money to buy our own T-Bills. We use the money from the “investors” who bought to the T-Bills to cut U.S. government checks. (Think California with | Read More »
Of Deficits, Health Care Reform, Interest Rates and the Value of the U.S. Dollar
These two paragraphs from the Weekly Standard reasonably sum up the connect the dots between health reform, deficits, interest rates and the value of the U.S. dollar: The president is about to engineer the takeover of the health care sector. Unless Congress refuses to go along with the establishment of a government insurer — voter enthusiasm for this “reform” is minimal — competition from an | Read More »
Geithner Planning to Replace US Dollar through IMF
Why are Democrats so eager to run up record deficits? It has emerged that one reason for the lack of fiscal concern is that Democrats support replacing the dollar with a global currency run by the International Monetary Fund. In fact, they snuck $100 billion for the IMF into the latest war supplemental bill. Debt is killing the American Dream. We’ve mortgaged our future, and | Read More »