February 24, 2012
By Charlie McGrath
Is it time to panic? If you listen to the current administration, then the answer is, No. Things are getting better, and an 8.3% unemployment rate proves it.
With the exception of Ron Paul, the GOP candidates seem to be more concerned with reproductive choice and lowering gas prices. In fact, the rhetoric from both ‘teams’ is about what we’d expect, being that we’re headlong into political playtime.
Looking at the world through twisted prism of the mainstream may leave you feeling that things are a bit challenging, but under control. But nothing could be further from the truth. We have a gathering storm front, and it promises to be a vicious storm indeed.
The fact that US military expansion is not the number one story nightly by Western media is utterly amazing. Ron Paul works hard at every opportunity to show how military projection is not only destroying our country financially, but also in the eyes of much of the world we are rapidly turning into the freedom-hating, terror-loving fanatics we claim to be fighting.
This world perception of the U.S. is with good reason: 900 bases in over 100 countries is one reason, but the constant beating of the drums of war is nearly deafening to the rest of the world, yet is barely mentioned on the nightly news or in one of the neverending GOP debates, unless it is in the context of how we need more war.
Iraq, Afghanistan, Pakistan, Libya, Somalia, Nigeria, Uganda, Yemen, Syria, and the list keeps growing. Iran seemed to have sealed its fate when announcing the end of support of the petro dollar, but of course the public is told it is because they hate freedom, Israel, rights, women, Democracy, Christians, puppies, anything and everything but the truth — control over the region’s energy resources.
If the tension over the threat of war is bad, then the economic condition of the planet is catastrophic. Countless billions have been spent, swelling ‘sovereign’ debt globally to save Big Banks from loss; bringing an end to representative Government to most of the world — that is, of course, unless you can pay to be represented.
December 23, 2011
The Wall Street Journal
By Jason Zweig
“Here is just another example at how different Ron Paul is from the pack.” –KTRN
Republican presidential candidate Rep. Ron Paul marches to his own drummer in politics – and in his investment portfolio, too.
Here at Total Return, we’ve looked at hundreds of the annual financial-disclosure forms in which the members of Congress reveal their assets and trades – and we’ve never seen a more unorthodox portfolio than Ron Paul’s. (In fact, The Wall Street Journal revealed problematic trading in Congress more than a year and a half before the “60 Minutes” episode that recently raised a ruckus over the same topic, but that’s another matter.)
According to data available through his 2010 “Form A” financial disclosure statement, filed last May, Rep. Paul’s portfolio is valued between $2.44 million and $5.46 million. (Congressional disclosures are given in ranges, not precise amounts.)
Most members of Congress, like many Americans, hold some real estate, a few bonds or bond mutual funds, some individual stocks and a bundle of stock funds. Give or take a few percentage points, a typical Congressional portfolio might have 10% in cash, 10% in bonds or bond funds, 20% in real estate, and 60% in stocks or stock funds.
But Ron Paul’s portfolio isn’t merely different. It’s shockingly different.
Yes, about 21% of Rep. Paul’s holdings are in real estate and roughly 14% in cash. But he owns no bonds or bond funds and has only 0.1% in stock funds. Furthermore, the stock funds that Rep. Paul does own are all “short,” or make bets against, U.S. stocks. One is a “double inverse” fund that, on a daily basis, goes up twice as much as its stock benchmark goes down.
December 14, 2011
By Mark Sircus
This week a fire might start that will burn the western financial system down to the ground. Important people like George Soros warned, “The current global financial system is in a self-reinforcing process of disintegration, the developed world is falling into deflationary debt trap.”
I have been holding back this essay for months. It is not a good sign that I am finally bringing myself to publish it. I am tired of being a prophet of doom so have been waiting for the drums of doom, which are now sounding loudly. I hope this essay will help people understand what we are about to suffer through. Mr. George Soros himself warned, “The current global financial system is in a self-reinforcing process of disintegration, the developed world is falling into deflationary debt trap.”
Peter Schiff president of Euro Pacific Capital, identified the state of the Union saying, “Our government doesn’t have enough spare cash to bail out a lemonade stand. Our standard of living must decline to reflect years of reckless consumption and the disintegration of our industrial base. Only by swallowing this tough medicine now will our sick economy ever recover.”
The Economist writes ‘Unless Germany and the ECB act quickly, the single currency’s collapse is looming’. “Mrs. Merkel is possibly underestimating the speed and ferocity at which a market panic could crush her ambitious integration plans. We also agree that there are a number of potential events that could become the triggers for such a panic. There is considerable risk that in the case of the failure of a big bank, a wave of cascading cross-defaults could engulf the system.”
Britain’s Foreign Office is advising its overseas embassies to draw up plans to help expats should the collapse of the Euro turn explosive. Almost incredibly, a senior minister has revealed that Britain is now planning on the basis that a euro collapse is matter of time. British ministers privately warned that the break-up of the euro, once almost unthinkable, is now increasingly plausible.
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Protests & Riots Create Chaos In Egypt
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