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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.

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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.

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…

Privatization key to saving socialism???

August 20, 2009 Leave a comment

Cuba’s leaders see private farmers as key to saving socialism.

WHAT???

Cuba’s leaders are counting on Alberto Romero’s eight cows to help turn around the island’s struggling socialist economy. Private farmers like Romero, who belongs to a 219-member cooperative near the eastern city of Holguin, were overshadowed for years by Cuba’s emphasis on large state farms. But the government recently began handing out idle state land to private farmers across the island in an effort to boost food production. “The government has put its faith in us, and we will show what we are capable of,” said Romero, whose 20-acre plot has been in his family for 103 years.

Cuba is hoping that private farmers can literally plow the island out of a huge $11 billion trade deficit this year caused by rising food import costs and falling exports. The policy marks a major shift away from inefficient state farms that once occupied the lion’s share of the island’s agricultural land.

Perhaps the Obama administration should be taking notes…

Full Story

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/

Union Pensions Getting BIG Payoff From Obamacare

August 18, 2009 1 comment

It isn’t just out of the goodness of their hearts that Big Labor is gearing up to spend millions to help President Obama to jam Obamacare down the throats of the American people. The unions stand to get a big payoff of $10 billion to supplement their failing pension plans.

http://www.americanconservativedaily.com/2009/08/union-pensions-getting-big-payoff-from-obamacare/

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