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POPSFurther refutation of the Obamoid "settlement freeze" formula Michael Oren is Israel's ambassador to the US. He is also an IDF veteran and a historian of some note. His book, Power, Faith, and Fantasy covers the two-hundred-years US history of relations with Arab/Muslim nations. His article here of course is in support of Netanyahu's policy towards the West Bank. That's to be expected since Oren is Netanyayhu's ambassador. But the point is that Oren/Netanyahu have some facts on their side while the Obamoids only have Power, Faith, and Fantasy
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POPSThe Nightmare of Rationing in Oregon
We as a nation can’t afford to learn the same lesson that Oregon is learning the hard way. A brief look at the state’s rationing policy demonstrates how out of whack the Oregon Health Services Commission’s medical priorities are. For example, under the OHSC directive, a person in need of an emergency appendectomy (prioritized 84th) would be denied that treatment before an individual in need of treatment for “tobacco dependence” (ranked 6th). The state’s prioritization database reads like a case study in medical prioritization turned on its head. Like those pushing preventive care in the current national debate, administrators say the rationing program’s foundational focus is on prevention rather than on actual medical conditions and emergencies. This was borne out of a desire to save the government more money in the long run. However, as always happens when bureaucrats and elected officials are left to work out the nuts and bolts of a program, the determinations . . .
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POPSRoubini Sees Increasing Risk of Double-Dip Recession: Update1 “There are risks associated with exit strategies from the massive monetary and fiscal easing,” Roubini wrote. “Policy makers are damned if they do and damned if they don’t.” Government and central bank officials may undermine the recovery and tip their economies back into “stagdeflation” if they raise taxes, cut spending and mop up excess liquidity in their systems to reduce fiscal deficits, Roubini says. He defines “stagdeflation” as recession and deflation. Market Vigilantes Those who maintain large budget deficits will be punished by bond market vigilantes, as inflationary expectations and yields on long-term government bonds rise and borrowing costs climb sharply, he wrote. That will in turn lead to stagflation, Roubini said. European Central Bank officials led by President Jean- Claude Trichet are suggesting they won’t rush to reverse their emergency stimulus amid mounting evidence of an economic recovery. The ECB has cut its benchmark interest rate
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POPSWorst Depression, not Recession Jackson Hole, Wy, stock piling their supplies before the next global collapse. I wouldn't be surprised to see Barton Biggs, there giving lessons on survival. http://tinyurl.com/m6c9nb
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POPSFood Riots Erupt Worldwide The real culprits are the economic ideologies of free trade and interest driven growth which, masquerading as science, drive disastrous policy decisions.
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POPSBuffett Says Debt Could Devolve U.S. Into A "Banana Republic Economy" Last month, in a newspaper column of his own, Federal Reserve chairman Ben Bernanke, said the huge amounts of money the U.S. central bank has pumped into the economy will not undercut its ability to push borrowing costs higher when the time is ripe. Stressing that the weak U.S. economy will likely warrant exceptionally easy monetary policies for a long time to come, Bernanke outlined in a Wall Street Journal opinion article how the Fed could raise interest rates even with cash flooding the financial system. "At some point, however, as economic recovery takes hold, we will need to tighten monetary policy to prevent the emergence of an inflation problem down the road," Bernanke wrote. The outline of the Fed's "exit strategy" from the extraordinary monetary policy easing it has undertaken in the past two years to deal with the global financial crisis was the subject of testimony to Congress by Bernanke in his twice-a-year economic report on July 21.
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POPSBarney Frank Admits Overloaded the Schedule, Conyers Cant Read Bills = Aliinsky Rule # 8 - Overwhelm Its amazing what small things you pick up when you actually PAY ATTENTION to the Government as they cover up their tracks. Aside from the Obvious story re: the Transparency and Vision of the Federal Reserve, Cross reference this with another story that dovetails into this one. CHUCK TODD, W.H. Correspondant describes a principle Rahm Emmanual Learned about HOW TO PASS Bills in D.C. "Dont just deal with one big issue.. Any bill Can be killed if you give opposition time to unite and organize around it." ~ Chuck Todd, , political Dir. and chief White House correspondent for NBC News, on Rahm Emmanuel's learning experience from Clinton healthcare crash, and how he intends on fixing that mistake.
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POPSJapan considers abolishing cash more: Other extreme ideas mooted by the financial authorities include a tax on physical currency or introducing one to operate alongside the yen. All three ideas are based on a theory concerning interest rates and the concept that a nominal rate of zero — as Japan has now lived with for much of the past decade — may be too high. In Japan’s case, the theory would suggest that nominal rates of -4 percent might be closer to what is required to rescue the economy from another..
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POPSChina Takes Aim at Dollar
See previous clip: Obama’s Toxic Advisors China’s proposal may not affect the dollar in the short term, but introducing this issue now is a means of alerting the world this could become a reality. From the article: “Central banks around the world hold more U.S. dollars and dollar securities than they do assets denominated in any other individual foreign currency”. So, we are almost at the point of one world currency already. International leaders are beginning to see an advantage of having one world currency so that fluctuations in one market would not disrupt the rest of the world, as is the current situation. Moving to a reserve currency that belongs to no individual nation would make it easier for all nations to manage their economies better, because it would give the reserve-currency nations more freedom to shift monetary policy and exchange rates. It could also be the basis for a more equitable way of financing the IMF. Russia made a similar proposal just this month
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POPSObama Power Grab - The Takeover Continues The Federal Reserve is widely considered to be the leading candidate for this assignment. But some critics warn that this could conflict with the Fed’s other responsibilities, particularly its control over monetary policy. The government also would assume the authority to seize such firms if they totter toward failure.” Get ready for a court challenge should congress approve this unconstitutional measure. Never before in history have we had such arrogance from an elected official. No doubt he would spread this power to media groups such as Clear Channel, and Fox or any other he deems “distracting”. After all to this meglomaniac any distraction to his highness would potentially “damage the broader economy”.
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POPSThe Obama Economy ~ The Dow Keeps Dropping The price of oil and other commodities have fallen by two-thirds since their 2008 summer peak, which has the effect of a major tax cut. The world is awash in liquidity, thanks to monetary ease by the Federal Reserve and other central banks. Monetary policy operates with a lag, but last year's easing will eventually stir economic activity. Housing prices have fallen 27% from their Case-Shiller peak, or some two-thirds of the way back to their historical trend. While still high, credit spreads are far from their peaks during the panic, and corporate borrowers are again able to tap the credit markets. So what has happened in the last two months? The economy has received no great new outside shock. Exchange rates and other prices have been stable, and there are no security crises of note. The reality of a sharp recession has been known and built into stock prices since last year's fourth quarter. President Obama: Equity Analyst http://www.youtube.com/watch?v=xySAXuCWnUQ
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POPSTreasury Secretary Geithner's Elite Global Connections The Group of Thirty and heads of central banks of the world. He also used to work for Henry "new world order" Kissinger. See article for much more. Michael Savage even exposed this further on his radio program saying this is an indication at where things are going. This is a hint to the coming globalization of the banking system, not just nationalization of some US banks. PM Gordon Brown and the G8 meetings have indicated movement the same direction. Geithner is not in office really to help the economy...but to help the banksters....who are in control of the governments, and consolidating power. After all, he came from the Federal Reserve Bank of NY.
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POPSCalifornication Only in Washington could the solution to an economic crisis brought on by loose monetary policy and excessive government spending be to further loosen monetary policy and expand government spending even more.
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POPSChina announces huge stimulus package Will be very interesting to see over the short term if all the stimulus being thrown into the economy by leading nations (in the form of money and lower interest rates) can help sustain the economy. Will also be very interesting to see if the long term result of all this stimulus is hyper inflation.
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POPSI was wrong, Bush was right: Clinton A lot of people still don't care about, or don't accept, that a food shortage for all is actually happening. The water shortage is tipped to lead to wars. Watch the film "Mad Max" for a glimpse of a future.
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POPSA President whose time has come! Ex President Clinton is about to shine and not before time; like Al Gore and Bill Gates these guys have the ability to really lead now. The World needs their wisdom.
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POPSCapitalism Without Capital? Ron Paul's comment on the US's present financial situation. I just wonder how this will affect other countries around the world who were closely related to the US, such as the UK for example, and Ireland which got a boost from the US.
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POPSAbolish the Federal Reserve --- Ron Paul from '02 (cont.)From the Great Depression, to the stagflation of the seventies, to the burst of the dotcom bubble last year, every economic downturn suffered by the country over the last 80 years can be traced to Federal Reserve policy. The Fed has followed a consistent policy of flooding the economy with easy money, leading to a misallocation of resources and an artificial "boom" followed by a recession or depression when the Fed-created bubble bursts. With a stable currency, American exporters will no longer be held hostage to an erratic monetary policy. Stabilizing the currency will also give Americans new incentives to save as they will no longer have to fear inflation eroding their savings. Those members concerned about increasing America's exports or the low rate of savings should be enthusiastic supporters of this legislation.
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