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POPSDrowning in Debt This is from Ross Perot's site (remember him?). One of the comments at the site that I thought was really good: "Our dollar is backed by faith, how much faith is left? Sheesh, they’re going to run out of paper, granted it’s all electronic transfer so maybe not. But man, I just don’t see how catastrophic inflation isn’t a forgone conclusion at this point."
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POPSAnother Bad Idea
The cost of this cash handout? $13 billion. And Obama says that money cannot come out of social security trust funds. But, in typical Obama fashion, he offered absolutely no alternative way to pay for it. And get this – he’s willing to BORROW MORE MONEY to fund the payouts. Perfect! All the clowns who you’d expect to be in favor of tihs (Reid, Rangel, et al) naturally lined up to kiss ass praise Obama for this plan. People with Actual Brains, like Senator Judd Gregg (R-NH) said it’d be inappropriate to mess with a system which was specifically designed to reflect the cost of living. In January, social security recipients saw their payments go up by nearly 6%, which was the largest increase since 1982. Apparently, it was to combat the rising costs of energy at that time. Meantime, the working population has seen, on average, 2% raises for the past couple of years. Did our energy costs not go up too? We’re not even going to SEE social security payments when we retire, for crying ou
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POPSClassic Liquidity Trap Such a Brilliant man...lol... Only a Foolish Fed falls for the Classic Liquidity Trap. Read more about it at:Google... doctrader liquidity trap.
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POPSInsurance Industry Audit Says Insurance Premiums Will Increase Faster with Senate Baucus Bill
America's Health Insurance Plans engaged PricewaterhouseCoopers (PwC) to examine the impact of four components of the health reform bill being proposed by the Senate Finance Committee as introduced. These include: # Insurance market reforms and consumer protections that would raise health insurance premiums for individuals and families if the reforms are not coupled with an effective coverage requirement. # An excise tax on employer-sponsored high value health plans (or "Cadillac plans") that in a few years could also raise premiums for some moderate value plans. # Cuts in payment rates in public programs that could increase cost shifting to private sector businesses and consumers. These changes are expected to more than offset the potential reduction in cost shifting resulting from providing coverage to the uninsured. # New taxes on health sector entities that are likely to be passed through to consumers.
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POPSAustralian & Canadian Employers Adding Jobs! ......after a 31,900 increase in August. The jobless rate was probably unchanged at a 33-year low of 4.3 percent. The Bureau of Statistics releases the report tomorrow at 11:30 a.m. in Sydney. Sustained jobs growth justifies the Reserve Bank's decision to raise its benchmark interest rate in August to damp inflation pressures in an economy that is growing at the fastest annual pace in three years. Miners are hiring workers as they expand to meet surging Chinese demand and retailers are opening new stores as consumer spending picks up. ``The odds favor another decent jobs number, consistent with the underlying strength of the economy,'' said Su-Lin Ong, senior economist at RBC Capital Markets in Sydney. ``We expect the unemployment rate to hold down at a three-decade low confirming the stretched nature of the labor market.''
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POPSThe Cost of War in Afghanistan -- 779 Troops, $229 Billion Obama's war now. The economic cost of this war that has been paid by Americans as well here , along with the devaluation of the U.S. dollar and higher gas prices (inflation in all consumer goods). See also this article with this obscure fact: ECONOMIC SCENE: Afghanistan will cost US more than Iraq Funding for war in Afghanistan will eclipse Iraq for the first time in next year's budget.
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POPSHealth Costs Outpace Inflation And Wage Growth
So they're passing the costs to employees, who're paying higher deductibles and out-of-pocket expenses while often receiving less comprehensive coverage for their money. Twenty-one percent of firms with insurance coverage reduced benefits or increased employee cost-sharing due to the recession, the survey found. Fifteen percent increased their workers' shares of the monthly premium. "When health care costs continue to rise so much faster than overall inflation in a bad recession, workers and employers really feel the pain," said Drew Altman, the president and chief executive of the Kaiser Family Foundation. Employers typically pay about $9,860 of the standard $13,375 family policy, the survey found. Workers pick up the rest, about $3,515 or 27 percent. That's the same share as last year. The cost of single coverage increased slightly this year, averaging about $4,824 compared to $4,704 last year. Employees pay about 17 percent of the cost, or $779 toward the coverage.
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POPSWhat Went Wrong With Our Economy? We're letting domestic and multinational corporations, with their uncompromising profit motive and strong connection to the military, determine the future course of our country and the world. Terrorism has replaced communism as the major threat to our lifestyle. But corporate defense contractors -- Lockheed Martin, Boeing, Raytheon, Northrop Grumman, and General Dynamics -- take millions of dollars from the federal treasury every DAY to produce Cold-War-era weapons, with their profits guaranteed by the American public. We're the leading seller of arms to the world. We intervene in more countries than ever before, even though studies show that intervention is tied to terrorism. Our elected representatives listen to businessmen and generals rather than to scientists, doctors, humanitarians, teachers, mothers. And we've been conditioned to believe that this is the way it must be. But it doesn't have to be this way.
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POPSThe Dollar: Like it Or Not Change is Coming Last week we learned that the national debt is likely to grow by more than $9 trillion. That's not great news -- no one likes a big deficit -- but President Obama inherited an economic mess from the Bush administration, and the cleanup comes with an inevitably high price tag. We're paying it now.
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POPSJapan Abandons America During the run-up to the election, Hatoyama’s finance minister told the bbc he was worried about the future value of the dollar, and that if his party were elected in the upcoming national elections, it would refuse to purchase any more U.S. treasuries unless they were denominated in Japanese yen. Japan is the world’s second-largest economy. It is also America’s second-most-important creditor. The U.S. government owes Japan over $724 billion! The only nation America owes more money to is China ($800 billion). The U.S. also imports $140 billion worth of goods from Japan each year. If Japan were to follow through with its threat to only lend in yen, the dollar would probably fall hard. What would that mean? America gets more expensive consumer goods, higher unemployment, and currency inflation. If other nations like China follow suit, we would be looking at a currency crisis—Zimbabwe-style.
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POPSObama comes across as a gullible sap Not since Carter have I been so embarrassed by our elected president. But of course many of the fools who voted for this Kenyan-born muslim trojan horse aren't old enough to remember Carter, and his hand wringing in the rose garden, his battle with the killer rabbit, and 24% interest rates coupled with hyper inflation and gas lines.
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POPSThe USS America is Sinking Japan is the world’s second-largest economy. It is also America’s second-most-important creditor. The U.S. government owes Japan over $724 billion! The only nation America owes more money to is China ($800 billion). The U.S. also imports $140 billion worth of goods from Japan each year. If Japan were to follow through with its threat to only lend in yen, the dollar would probably fall hard. What would that mean? America gets more expensive consumer goods, higher unemployment, and currency inflation. If other nations like China follow suit, we would be looking at a currency crisis—Zimbabwe-style. America’s ship of state is sinking. Japan’s lifeboat has already left.
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POPSFamily Vacation India Cambay Family Holidays offers India Holiday Packages, Timeshare Vacation, Timeshare Rentals, Timeshare Resort, India Tours, Holiday India and India Holidays Tours in India, Cambay Family Holidays are a “Value for Money” proposition for the customers.
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POPSDéjà Vu Omen: Barack Obama’s Actions and Vladimir Lenin Quotes… # “The best way to destroy the capitalist system is to debauch the currency.” — Vladimir Lenin # “The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.” — Vladimir Lenin # “One of the basic conditions for the victory of socialism is the arming of the workers (Communist) and the disarming of the bourgeoisie (the middle class).” — Vladimir Lenin # “The Capitalists will sell us the rope with which we will hang them.” — Vladimir Lenin # “The government is tottering. We must deal it the death blow an any cost. To delay action is the same as death.” — Vladimir Lenin # “A system of licensing and registration is the perfect device to deny gun ownership to the bourgeoisie.” — Vladimir Lenin
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POPSAMERICAS POVERTY IS RISING FAST No Labor Representation, Corporate Favors, Financial System Corruption, Military Budget out of Control, Civil Liberties under constant Attack, 30 years of unfavorable Labor Laws, ...........
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POPSFigures don't lie but liars do figure. Nov 2006 comment on an economics blog show inflation figures in the U.S. are unrelated to everyday realities.
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POPSDoctors for Patient Freedom: "No Government Run Health Care" Rationing is the only way to control costs if third parties control all of health care financing . Universal Coverage by health insurance is neither achievable nor necessary while Universal Access to medical care is. An Individual mandate to buy health insurance is a slippery slope to socialized medicine and leads to many unintended consequences. Doctors will be forced to comply with government rationing protocols through use of cookbook medicine and electronic medical record systems. Medical Care will only get better under a free market system. Government and private charities have the capacity to take care of the poor. The tax code needs to be changed to grant Medical financial power to Americans, not to force Americans to act against their interests or grow the size of government.
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POPSWatch out American Consumers The world knows what is coming, hyper inflation or the great depression, and they don't want to participate in the next financial collapse.
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POPSIn President Barack Obama Backyard, 10,000 Patriots Unhappy About Unstainable Government Spending New Lenox Tea Party Express draws 10,000 YouTube (1:58) On tax day, the tea party movement began in earnest. Until now the movement has remained at the local levels. No longer will that be the case. The movement is coming to Washington on September 12, 2009 for a march and rally at the US Capitol. From autos to banking, the government is crowding out the private sector of our economy. Where Bush bailed out the private sector, Obama is making hostile government takeovers. Ignoring our multi trillion dollar deficit, Washington is considering a massive new energy tax and a takeover of health care. On Saturday, September 12th FreedomWorks will be joined by over ten thousands of liberty-loving activists to take a stand against politicians who are bankrupting our future. National co-sponsors include Tea Party Patriots, ResistNet, National Taxpayers Union, Americans For Tax Reform, Young Americans for Liberty, Ayn Rand Center, Campaign for Liberty, Free Republic .
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POPSInsights Into Matters From a Free-Market Perspective Until the very end, willing foreign buyers could always be found for paper marks, so the Republic could still obtain the hard currency needed to meet Allied reparation demands. At the same time, the inflation created a capital goods boom that rapidly replaced the seized ships and rolling stock. Businesses had to choose between immediately reinvesting (and of course, malinvesting) profits in capital goods, or watching their funds evaporate overnight (literally, by late 1923). Starting with a gold mark worth about a dollar in 1920, Germans ended up with a worthless paper mark that, in November 1923 was replaced by a new gold-backed mark, at the rate of 1,000,000,000,000 (one trillion) old paper marks to one new gold mark. As a comparison, the worst inflation experienced in the United States (so far) was the collapse of the Continental Dollar. From 1776 through 1787 . . .
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