http://content.usatoday.com/communities/theoval/post/2011/01/obama-promotes-jobs-plan-gop-attacks-health-care-law/1
The concerted effort to make exportation a focus can also be a prelude to a reserve currency with the dollar no longer being the main player. Today, oil transactions are made in dollars. And the US borrows more than it exports and/or imports. This is facilitated by the status of the $ as the main component of the reserve currency...
BUT WHAT HAPPENS WHEN THAT IS NO LONGER THE CASE? Americans enjoy many benefits that come along with having their currency as the main dish, which most take for granted. BUT WHAT HAPPENS WHEN THAT IS NO LONGER THE CASE?
Saturday, January 22, 2011
Friday, January 21, 2011
Current events-national economy
http://finance.yahoo.com/news/A-Path-Is-Sought-for-States-nytimes-1316605857.html?x=0&.v=1
Yes, bailout the states and then finally....bailout the country....
Yes, bailout the states and then finally....bailout the country....
Current events
http://news.yahoo.com/s/nm/20110121/wl_nm/us_usa_haiti_deportations
Quite possibly a blessing in disguise...same with lady being deported accidentally...same with those unable to cross the border...
It appears a more strict hand is being placed upon the US population....
Quite possibly a blessing in disguise...same with lady being deported accidentally...same with those unable to cross the border...
It appears a more strict hand is being placed upon the US population....
Current events-unrest
http://www.usatoday.com/news/nation/2011-01-20-mob-sweep_N.htm?csp=hf
Arrests being made by the groups now...
AND SO IT BEGINS?!
Arrests being made by the groups now...
AND SO IT BEGINS?!
Thursday, January 20, 2011
Current events
http://news.yahoo.com/s/ap/ap_on_en_mu/us_us_china_state_dinner
Red all around...even the beast upon which the whore sits...
Red all around...even the beast upon which the whore sits...
Wednesday, January 19, 2011
Link to a Peter Schiff interview...
http://www.youtube.com/watch?v=SBRRjEiBvt0&feature=related
The guy dont stutter...
From WIKIPEDIA....
Schiff's notoriety for financial predictions increased when a You Tube video entitled "Peter Schiff was right" became popular in late 2008 and 2009.[48][49] The video consists of a compilation of clips of his many appearances on various financial news programs from networks including CNBC, Fox News, MSNBC and Bloomberg, most of which took place from 2005 to 2007. In the segments Schiff explains specifically the fundamental problems he saw with the United States economy at that time. Schiff's warnings of a coming economic collapse earned him the moniker "Dr. Doom."[22][50]
In late 2006, Schiff predicted the housing bubble and resulting subprime mortgage crisis,[51] and in late 2008, he predicted the automotive industry crisis and the crisis in the banking and financial markets.
The guy dont stutter...
From WIKIPEDIA....
Schiff's notoriety for financial predictions increased when a You Tube video entitled "Peter Schiff was right" became popular in late 2008 and 2009.[48][49] The video consists of a compilation of clips of his many appearances on various financial news programs from networks including CNBC, Fox News, MSNBC and Bloomberg, most of which took place from 2005 to 2007. In the segments Schiff explains specifically the fundamental problems he saw with the United States economy at that time. Schiff's warnings of a coming economic collapse earned him the moniker "Dr. Doom."[22][50]
In late 2006, Schiff predicted the housing bubble and resulting subprime mortgage crisis,[51] and in late 2008, he predicted the automotive industry crisis and the crisis in the banking and financial markets.
Current events-economic world order
http://online.wsj.com/article/SB10001424052748703551604576085803801776090.html?mod=WSJ_hp_MIDDLENexttoWhatsNewsTop
Chinese president calls the dollar "a product of the past".
-the dollar's future continues to concern the most senior levels of the Chinese government. Beijing fears not only that loose U.S. monetary policy is fueling inflation, but that it will erode the value of China's holdings of dollars within its vast foreign-exchange reserves, which reached $2.85 trillion at the end of 2010.
-China's central bank governor, Zhou Xiaochuan, created an international stir in March 2009 by calling for the creation of a new synthetic reserve currency as an alternative to the dollar. Mr. Hu's comments add to the sense that China intends to challenge the post-World War II financial order largely created by the U.S. and dominated by the dollar.
Chinese president calls the dollar "a product of the past".
-the dollar's future continues to concern the most senior levels of the Chinese government. Beijing fears not only that loose U.S. monetary policy is fueling inflation, but that it will erode the value of China's holdings of dollars within its vast foreign-exchange reserves, which reached $2.85 trillion at the end of 2010.
-China's central bank governor, Zhou Xiaochuan, created an international stir in March 2009 by calling for the creation of a new synthetic reserve currency as an alternative to the dollar. Mr. Hu's comments add to the sense that China intends to challenge the post-World War II financial order largely created by the U.S. and dominated by the dollar.
Monday, January 17, 2011
Current events-economic world order
http://news.yahoo.com/s/nm/us_usa_china
-"There's no bigger step we can take to preserve the American dream and promote job creation, particularly in the manufacturing sector ... than to confront China's manipulation of its currency," Democratic Senator Charles Schumer said.
-The message to Hu is "We are fed up with your government's intransigence on currency manipulation. If you refuse to play by the same rules, we will force you to do so," Schumer said in a conference call on a proposed bill to prod China on the yuan.
-Congressional supporters claim wide support for the measure, but previous efforts to pass currency legislation directed at China have failed because of concerns it could trigger retaliation by Beijing, which is the biggest foreign holder of U.S. government debt.
-Meanwhile in Houston, the Chinese government began a four-day U.S. trade mission by signing six deals with undisclosed U.S. companies worth $600 million, according to Chinese state media reports.
-Chinese officials and company representatives will hold similar events in Washington, Boston, Chicago, Minneapolis, Raleigh, North Carolina, and Frankfort, Kentucky.
The quiet chinese are beginning to talk...
-"There's no bigger step we can take to preserve the American dream and promote job creation, particularly in the manufacturing sector ... than to confront China's manipulation of its currency," Democratic Senator Charles Schumer said.
-The message to Hu is "We are fed up with your government's intransigence on currency manipulation. If you refuse to play by the same rules, we will force you to do so," Schumer said in a conference call on a proposed bill to prod China on the yuan.
-Congressional supporters claim wide support for the measure, but previous efforts to pass currency legislation directed at China have failed because of concerns it could trigger retaliation by Beijing, which is the biggest foreign holder of U.S. government debt.
-Meanwhile in Houston, the Chinese government began a four-day U.S. trade mission by signing six deals with undisclosed U.S. companies worth $600 million, according to Chinese state media reports.
-Chinese officials and company representatives will hold similar events in Washington, Boston, Chicago, Minneapolis, Raleigh, North Carolina, and Frankfort, Kentucky.
The quiet chinese are beginning to talk...
Sunday, January 16, 2011
Current events-comeback kid headlines
http://content.usatoday.com/communities/theoval/post/2011/01/obama-attends-church-service-in-washington/1?loc=interstitialskip
The comeback kid goes to church....HEADLINE!
The comeback kid quoted scripture during memorial service for shooting tragedy in Arizona...HEADLINE!
Here is the piece of scripture he chose:
In those remarks, Obama cited Scripture:
And I wonder...what context is that supposed to make sense in? Surely He isnt suggesting Tucson, Arizona is that city...
The comeback kid goes to church....HEADLINE!
The comeback kid quoted scripture during memorial service for shooting tragedy in Arizona...HEADLINE!
Here is the piece of scripture he chose:
In those remarks, Obama cited Scripture:
There is a river whose streams make glad the city of God,
The holy place where the Most High dwells.
God is within her, she will not fall;
God will help her at break of day.
And I wonder...what context is that supposed to make sense in? Surely He isnt suggesting Tucson, Arizona is that city...
Current events-national economy
http://news.yahoo.com/s/ap/20110115/ap_on_re_us/us_debt_wars
-The United States just passed a dubious milestone: Government debt surged to an all-time high, topping $14 trillion — $45,300 for each and everyone in the country.
-Treasury Secretary Timothy Geithner says failure to increase borrowing authority would be "a catastrophe," perhaps rivaling the financial meltdown of 2008-2009.
-Remarkably, nearly half of today's national debt was run up in just the past six years. It soared from $7.6 trillion in January 2005 as President George W. Bush began his second term to $10.6 trillion the day Obama was inaugurated and to $14.02 trillion now. The period has seen two major wars and the deepest economic downturn since the 1930s.
The US goes broke, the $ collapses, chaos follows, order established.
-The United States just passed a dubious milestone: Government debt surged to an all-time high, topping $14 trillion — $45,300 for each and everyone in the country.
-Treasury Secretary Timothy Geithner says failure to increase borrowing authority would be "a catastrophe," perhaps rivaling the financial meltdown of 2008-2009.
-Remarkably, nearly half of today's national debt was run up in just the past six years. It soared from $7.6 trillion in January 2005 as President George W. Bush began his second term to $10.6 trillion the day Obama was inaugurated and to $14.02 trillion now. The period has seen two major wars and the deepest economic downturn since the 1930s.
The US goes broke, the $ collapses, chaos follows, order established.
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