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Obama Orchestrates The Collapse of The U.S.?

September 1, 2009 Leave a comment
russiatoday.com reports:

Professor Igor Panarin, whose book “The Crash of America” is just out, claims that by November the book will be yesterday’s news.

Panarin believes President Obama will lead his country to a breakup. Panarin compares Obama to former Soviet president Mikhail Gorbachev.

Panarin is quoted as saying:

Today I received another confirmation that the collapse of the dollar and the US is inevitable. Japan’s Democratic Party won the election, and I’d like to remind you that its leader [Yukio Hatoyama] has the snubbing of the dollar among his economic plans. In plainer words, he plans to transfer Japan’s monetary reserves from US dollars into another currency. The move will seriously accelerate the dollar’s exchange slump as early as this November. Disintegration will follow shortly,

On Obama:

He’s a nice person and talks nicely – but he’s not a leader and will take America to a crash. When Americans understand that – it will be like a bomb explosion,”

Panarin said, speaking to journalists during the unveiling of his book.

He goes on to suggest that the U.S. will cease to exist by June 2010.

  • U.S. embassies worldwide are being advised to purchase massive amounts of local currencies; enough to last them a year. Why?

Connect the dots.

Secret Process Benefits Obama Pets

August 30, 2009 Leave a comment

A sleepy Montana checkpoint along the Canadian border that sees about three travelers a day will get $15 million under President Barack Obama’s economic stimulus plan. A government priority list ranked the project as marginal, but two powerful Democratic senators persuaded the administration to make it happen.

Despite Obama’s promises that the stimulus plan would be transparent and free of politics, the government is handing out $720 million for border upgrades under a process that is both secretive and susceptible to political influence. This allowed low-priority projects such as the checkpoint in Whitetail, Mont., to skip ahead of more pressing concerns, according to documents revealed to The Associated Press.

It wasn’t supposed to be that way. In 2004, Congress ordered Homeland Security to create a list, updated annually, of the most important repairs at checkpoints nationwide. But the Obama administration continued a Bush administration practice of considering other, more subjective factors when deciding which projects get money.

Read more…

US $20 trillion in debt by 2019…. (Just A Reminder)

August 26, 2009 Leave a comment

Obama revises budget estimates.

As you read here last week, Barack Obama’s estimate of the budget deficit was off by a mere $2 trillion. According to the Obama administration, the U.S. deficit will skyrocket to $9 trillion over the next 10 years — $2 trillion more than it forecasted earlier this year.

Add that to the existing $11 trillion budget deficit and you get a $20 trillion national debt by 2019.

Charley Rangel Finds $500,000 He ‘Forgot’ about in 2007

August 26, 2009 1 comment

Couldn’t be because of the two House ethics investigations he is involved in… could it? This guy is chairman of chairman of the House Ways and Means Committee, which oversees this country’s entire tax code. How does this kind of debauched idiot keep getting elected in the first place?

Honest Charley

Forget about it...

United States Representative Charles B. Rangel, whose personal finances and fund-raising are the subject of two House ethics investigations, failed to report at least $500,000 in assets on his 2007 Congressional disclosure form, according to an amended report he filed this month.

Among the dozen newly disclosed holdings revealed in the amended forms are a checking account at a federal credit union with a balance between $250,0000 and $500,000; three vacant lots in Glassboro, N.J., valued at a total of $1,000 to $15,000; and stock in PepsiCo worth between $15,000 and $50,000.

The updated forms report that Mr. Rangel’s total net worth is between $1,028,024 and $2,495,000 — about twice the amount listed in the original disclosure statement, filed in May 2008, which declared assets totaling between $516,015 and $1,316,000.

Mr. Rangel declined to discuss the matter, saying he did not want to comment publicly while the investigations continue. In the past, he has explained omissions on financial statements, including his failure to declare $75,000 in rental income on a villa in the Dominican Republic or pay $10,000 in taxes on it, as unintentional bookkeeping errors.

(I suppose this incident is just another “unintentional bookkeeping error”.)

A spokesman for the congressman issued a statement saying the amended disclosure forms were Mr. Rangel’s attempt to rectify recently discovered omissions in his financial reporting. Read more…

Obama’s $9 Trillion Deficit!

August 22, 2009 Leave a comment

The Obama administration will raise its 10-year budget deficit projection to approximately $9 trillion from $7.108 trillion in a report next week, a senior administration official told Reuters on Friday.

The higher deficit figure, based on updated economic data, brings the White House budget office into line with outside estimates and gives further fuel to President Barack Obama’s opponents, who say his spending plans are too expensive in light of budget shortfalls.

The White House took heat for sticking with its $7.108 trillion forecast earlier this year after the Congressional Budget Office forecast that deficits between 2010 and 2019 would total $9.1 trillion.

“The new forecasts are based on new data that reflect how severe the economic downturn was in the late fall of last year and the winter of this year,” said the administration official, who is familiar with the budget mid-session review that is slated to be released next week.

“Our budget projections are now in line with the spring and summer projections that the Congressional Budget Office put out.”

The White House budget office will also lower its deficit forecast for this fiscal year, which ends September 30, to $1.58 trillion from $1.84 trillion next week after removing $250 billion set aside for bank bailouts.

Take Note – The 2008 deficit was about $455 billion — $293 billion more than the deficit incurred in 2007. That’s ‘billion’ with a ‘B’. Obama’s deficit will skyrocket to $1.58 trillion…  That’s ‘TRILLION’ with a ‘T’!

Record-breaking deficits have raised concerns about America’s ability to finance its debt and whether the United States can maintain its top-tier AAA credit rating.

Politically, the deficit has been an albatross for Obama, a Democrat who is pushing forward with plans to overhaul the U.S. healthcare industry — an initiative that could cost up to $1 trillion over 10 years — and other promises, including reforming education and how the country handles energy.

DEFICIT WORRIES CONTINUE…

Read more…

A Grim Picture of Our Economic Future, study shows

August 18, 2009 Leave a comment

Even as the economy shows signs of modest improvement, a new report projects that the job market could take years to recover from the beating it’s taken during the recession.

An assessment by an economist and a researcher at the Federal Reserve Bank in Kansas City paints a grim picture of the country’s economic future.

Instead of surging back, the authors predict the job market will merely limp along for years to come.

According to their forecast, the unemployment rate will be at 10 percent through 2011. Three years after that, the jobless rate will have dropped only to 8 percent. And a decade from now, that rate will still be floating above 6 percent.

http://www.foxnews.com/politics/2009/08/17/job-market-lag-years-study-forecasts/

Stocks Tumble Around the World

August 18, 2009 Leave a comment

Aug. 17 (Bloomberg) — Stocks tumbled around the world, led by China, while the yen, dollar and Treasuries rose as investors speculated that a rally in riskier assets has outpaced prospects for economic growth. Energy and commodity prices also slid.

The MSCI World Index of 23 developed nations sank 2.8 percent at 4:12 p.m. in New York, the biggest retreat since April. The Standard & Poor’s 500 Index lost 2.4 percent to 979.3 after China’s Shanghai Composite Index slumped 5.8 percent, the most since November. The yen strengthened against all 16 of the most-traded currencies tracked by Bloomberg, while the dollar advanced against every one except the yen. The yield on the benchmark 10-year Treasury note dropped to its lowest level in almost a month.

“The stock-market reaction overseas has woken people up to the fact that it’s not going to be a straight line up,” said Myles Zyblock, chief institutional strategist at RBC Capital Markets in Toronto. “People are starting to question the strength of the recovery.”

http://www.bloomberg.com/apps/news?pid=20601087&sid=aNHdNnf9dDHY