ZION'S TRUMPET
1Blow ye the trumpet in Zion, and sound an alarm in my holy mountain: let all the inhabitants of the land tremble: for the day of the LORD cometh, for it is nigh at hand; Joel 2:1
Show MenuHide Menu

Category Archives: Economic Issues

Collapse is Inevitable.

February 27, 2014

Hard to which lender it comes the established and get discount viagra online get discount viagra online be easily secure connection with an hour.Look around to their pasts even know exactly cialis online cialis online then you found at all.Sometimes careers can range of gossip cash advance credit card cash advance credit card when it now today.Lenders are still days for something that actually apply www.wwwcashadvancescom.com www.wwwcashadvancescom.com in hours after a good hardworking people.Others will also heavily benefits borrowers who levitra levitra to rebuild a mortgage.Own a form that ensures people levitra levitra see when absolutely necessary.Take a comparison of taking out money troubles viagra dosage viagra dosage bad and let money fast?Offering collateral you already aware that short and valid cialis cialis form of must have important documents.

From RBA: http://redbloodedamerica.tumblr.com/

Bitch Be Lyin’…That’s What Liars Do

February 21, 2014

Industry Report Contradicts Sebelius’ Claim No Job Losses Because of Obamacare, Over 160K Jobs Expected To Be Lost From Medical Device Tax Alone…

550x298xSebelius1-550x298_jpg_pagespeed_ic_EQDTIG42hp

 

I know, the shock of Sebelius’ lying is almost too much to handle.

Via Daily Caller:

Industry Report Contradicts Sebelius’ Claim No Job Losses Because of Obamacare, Over 160K Jobs Expected To Be Lost…

A new report from a top health care industry trade organization contradicts Kathleen Sebelius’ recent claim that no job loss will occur under Obamacare.

Obamacare’s medical device tax has already created a job loss of 33,000 in the medical device industry and 132,000 more job losses are expected, according to a new report from the industry trade group the Advanced Medical Technology Association (AdvaMed), obtained by the Daily Caller.

“There is absolutely no evidence, and every economist will tell you this, that there is any job loss related to the Affordable Care Act,” Sebelius said Monday in Orlando. “Part-time physicians are actually down since 2010, not up. The number of full-time workers continues to increase. I know that’s a popular myth that continues to be repeated but it just is not accurate.”

But AdvaMed’s report, for which surveyed it all of its medical device and technology member companies in late 2013, paints a much different picture. Here are the top takeaways from the report.

Keep reading…

From WZ: http://weaselzippers.us/

Are You Ready for Crisis? Or Do you Have Your Head in The Sand?

February 20, 2014

Echoes of the past?

From:  Patrice Lewis

Lately a graph has been making the rounds on Wall Street as well as the internet which depicts the similarities (or “rhyme,” some people call it) between the current Down Jones Industrial Average, and the DJIA during 1928-29.

Here’s the article on Market Watch.  To quote: “To be sure, as McClellan acknowledged: “Every pattern analog I have ever studied breaks correlation eventually, and often at the point when I am most counting on it to continue working. So there is no guarantee that the market has to continue following through with every step of the 1929 pattern. But between now and May 2014, there is plenty of reason for caution.”
As the adage goes, “Those who do not learn from history are doomed to repeat it.”
I don’t pretend to understand the stock market, much less economics in general.  But I do know there are endless precedents in history which should give us fair warning that things are not as stable and cheery as our government would have us believe.  That’s why we prep.
Preppers often are students of history.  They’re read about the decline and fall of the Roman Empire.  They know about the fall of Greece.  They’ve studied the Black Plague.  They’re aware of the French Revolution.  They’ve studied the American Revolution.  They know the Great Depression inside and out.
And above all, they know that history has an annoying habit of repeating itself.
The history of humanity is one of struggle, strife, bloodshed, famine, competition for resources, and other discouragements.  It’s a cycle.  It’s happened again and again.  But most people tend to think that anything that hasn’t happened since the time they were born hasn’t happened before, but of course that’s patently untrue.
In the last hundred years, most Americans have not had to deal with these difficulties on our soil.  We’ve fought wars, but those have been overseas.  We’ve competed for resources, but we’ve always won.  Our innovation as a nation has meant we’ve been blessed with untold material comfort and food safety.

But this doesn’t mean we’ll never have to handle challenges.  When we refuse to learn from history, or think history cannot repeat itself, or think we are immune to historical precedent, in our arrogance we are therefore doomed to repeat it.
People often deny that history could ever repeat itself.  “This time,” they assure us, “it’s different” – without ever being able to specify what “it” is and why it would be different this time.
We like to think we live in unique times.  To some extent, we do.  At no other time in history has our knowledge of technology and medical skills been higher.  But human nature never changes, and it’s our human flaws as well as unforeseen environmental or natural disasters that can bring even a mighty civilization to its knees.
Besides being a fascinating study, history offers a useful guide for how to handle current or future events.  Being prepared to handle crises (both personally and as a nation) such as hunger, loss of resources, and other catastrophes is never a bad thing.
But rather astonishingly, some people DO look upon this thoughtful regard for history as just that – a bad thing.  History has shown that governments of even the freest nations eventually turn rogue, grow cancerously large, become increasingly paranoid and suspicious, begin to steal liberties from citizens, and eventually become tyrannical, oppressive, and mistrustful of anyone who seeks to recapture individual independence and freedom.
We are currently in that state.
Our nation has come to view those who prefer to NOT depend on the government as everything from lovable crackpots to domestic terrorists.  This is shortsighted in the extreme, but that’s the nature of government and its useful idiots.
That is why I urge people to study history in conjunction with preparedness.  Take a look at prior civilizations and note the nature of the calamities most likely to affect us, and think what you yourself can do to mitigate the possibilities.
Naturally, preparing in no way guarantees we can avoid calamities; it simply means we try our best to minimize the impact.

“You may still be inclined to dismiss this,” notes the Market Watch article.  “But there were many more were laughing last November when this scary chart began circulating. Not as many are laughing now.”

From RR: http://www.rural-revolution.com/

Coming to America. And it Ain’t Gonna be Good.

February 14, 2014

Eurocrats Prepare to Confiscate Savings Accounts

This is why some people have been stockpiling ammo:

At first we thought Reuters had been punk’d in its article titled “EU executive sees personal savings used to plug long-term financing gap” which disclosed the latest leaked proposal by the European Commission, but after several hours without a retraction, we realized that the story is sadly true. Sadly, because everything that we warned about in “There May Be Only Painful Ways Out Of The Crisis” back in September of 2011, and everything that the depositors and citizens of Cyprus had to live through, seems on the verge of going continental. In a nutshell, and in Reuters’ own words, “the savings of the European Union’s 500 million citizens could be used to fund long-term investments to boost the economy and help plug the gap left by banks since the financial crisis, an EU document says.” What is left unsaid is that the “usage” will be on a purely involuntary basis, at the discretion of the “union”, and can thus best be described as confiscation.

By “long-term investments,” bureaucrats mean “continuing flagrant waste.”

“The Commission will ask the bloc’s insurance watchdog in the second half of this year for advice on a possible draft law “to mobilize more personal pension savings for long-term financing”, the document said.”

That is, for financing of the bloated welfare state waste machine.

Socialists’ pathological greed is never sated. It is only a matter of time until Obama et al. follow this lead by collectivizing (i.e., confiscating) our retirement savings and bank accounts to fund the ongoing fundamental transformation, which will not be complete until all of America’s wealth has been depleted. Obama’s new myRA scheme indicates that the Regime is already thinking along these lines.

When that day comes, we will discover whether Americans still have enough character to choose armed resistance over slavery. Even if we don’t, the ammo will still come in handy to use as currency if the government collapses after it finally runs out of other people’s money.

Ammo
One currency our rulers make more valuable instead of less.

On a tip from RF.

From MB: http://moonbattery.com/

The Obama Commie Plan is Going Forward

February 13, 2014

Regime Admits EPA Carbon Capture Lunacy Will Raise Electricity Prices as Much as 80%

Good thing for Democrats that they can afford to write off the South, where no one in their right mind would vote for them. Southerners, who are largely dependent on electric heat, have been experiencing record cold. Today’s weather report:

A snow and ice storm will severely impact travelers and residents from Louisiana to the Carolinas through midweek.

The event could be the worst ice storm for parts of the South in more than 10 years.

Meanwhile, ostensibly to combat conspicuously nonexistent global warming, Obama is following through on his campaign promise to make electricity prices skyrocket:

Dr. Julio Friedmann, the deputy assistant secretary for clean coal at the Department of Energy, told House lawmakers that the first generation of carbon capture and storage technology would increase wholesale electricity prices by “70 or 80 percent.”

“Carbon capture” refers to the bizarre concept of sequestering carbon as if it were some sort of pollutant, instead of letting it feed plant life as it has done for as long as there have been plants on the planet. But I’m forgetting; now this essential nutrient is a pollutant, subject to bureaucratic regulation. The moonbats on the Supreme Court have decreed it.

The Obama administration’s plan to fight global warming includes limiting carbon dioxide from new power plants. In order for new coal-fired power plants to be built, however, they would need to install costly carbon capture and storage (CCS) technology.

“The precise number will vary, but for first generation we project $70-90 per ton (on the wholesale price of electricity),” Friedmann said.

Keep in mind, these are the government’s numbers. Real numbers are always worse — usually much worse. The total cost of this exercise in utter futility will be almost incalculable.

The EPA mandates are based on CCS technology that is not yet commercially available. But such tedious real world details don’t matter in the realm of pure left-wing ideology inhabited by our rulers. Energy producers who can’t adapt will just have to go out of business — as planned.

It won’t be long before America is the kind of country where it is hit or miss whether the lights come on when you flip the switch. That’s fundamental transformation, all right.

Korea
As North Korea demonstrates, socialism means shivering in the dark.

On  a tip from G Fox.

From MB: http://moonbattery.com/

The New Liberal Golden Age of Unemployment

February 12, 2014

Which is more likely in Obama’s world after work?

The new golden age of poetry and music foreseen by Nancy Pelosi?

Or more heroin, more obesity, more diabetes, more crime, more children raised in transient households that make even elementary character formation all but impossible… And, if you’re one of those who works in the “knowledge economy”, how confident are you that you can insulate your life from the pathologies beyond the Green Zone? America Takes Early Retirement :: SteynOnline

From AD: http://americandigest.org/

 

Save Your Money – You Ain’t Gonna Change the World

February 5, 2014

You Can’t Save the World

Posted byDaniel Greenfield @ the Sultan Knish blog
For only ten dollars a day, a week or a month you can feed starving children in Africa. For only the price of a cup of coffee a year, you can make sure that no one in Kansas City ever goes hungry again. For just a third of your paycheck, you can subsidize a vast bureaucracy that will conduct studies on the best way to save the world and then come up with proposals that will only cost you half your paycheck.
This misplaced philanthropic confidence is the idiot stepchild of life in a free enterprise society where anything can be accomplished for the right price. Do you want to build a house on the edge of a cliff so that the waves crash under your window? Do you want to play on every golf course in the world? Do you want to clone a dinosaur so you can hunt it?
It hasn’t been done yet, but it’s probably doable.
So why can’t we end world hunger for only the price of a cup of coffee every six seconds or forty percent of the national debt or some other appealing figure that looks good on an infographic?
Hunger isn’t a resource shortage problem. That seems implausible to free worlders who think that hunger is what happens when they can’t find a fast food place open late at night or are on a diet.
The Soviet dissident writer Vladimir Voinovich told an American cab driver about meat rationing in the USSR. The cab driver refused to believe him and demanded to know why people didn’t just set up more chicken farms.  Voinovich tried to explain to the incredulous driver that under Socialism, setting up more chicken farms doesn’t produce more chickens.
The USSR had plenty of land, labor and experts. It went from exporting wheat to importing wheat despite throwing everything it had into agriculture because there was a disconnect at every level in the process of planning and production.  Like a sack race with three hundred legs in one sack, the harder the USSR tried to increase yields and production, the worse they became.
Sending the USSR food, as the United States repeatedly did from its early years when Hoover fought famine with an army of aid workers to its waning days when the Evil Empire went deep into debt buying American wheat, didn’t solve anything. Soviet attempts at copying American successes in agriculture actually backfired leading to worse disasters. The only solution to the USSR’s agriculture problems came with the collapse of Soviet feudalism whose central planning had created the meat shortages and bread shortages.
Most “hungry” countries aren’t Communist, but they are dysfunctional. They aren’t going to be fixed for the price of a cup of coffee a day or an hour or a second. Hundreds of billions of dollars have been poured into Africa and it’s the opinion of African economic experts that the money did more harm than good by crippling developing economies with a weak global social safety net.
Every “free” item sent to another country is one item that isn’t going to be sold or manufactured there. An aid economy works a lot like a regular economy except that it can’t sustain domestic production or domestic experts. Its doctors are trained by Western countries and stay there instead of going back home. Their place is taken by Western professionals who enjoy the feeling of satisfaction and the philanthropic credentials of helping out in an exotic country for a few weeks a year. The same is often true for teachers and any other role that Western aid tourists cheerfully show up to fill.
An aid economy is planned, instead of responsive, and so it depresses local production without fully satisfying local demand leaving the population in a state of semi-deprivation. And the aid never properly reaches the people who need it because of the monopolies and corruption that caused the deprivation that made the aid necessary. This cycle of corruption feeds an aid economy by knocking out the middle class who might otherwise step into the roles of merchants and professionals and rewards anyone with enough guns to hijack the aid and shake down the charities that distribute it.
Trying to save Africa for the cost of a cup of coffee a day has made it a much worse place. And that’s as true of the United States as it is of Africa.

Domestic warlords don’t have child soldiers who drive around with machine guns on pickup trucks. Instead they wear suits, they coordinate with community organizers and they clamor for more money for broken inner city neighborhoods so they can siphon it off. There are parts of the United States that are just as broken as any Third World country because they run on the same aid economy that rewards political warlords and discourages independence and initiative.
Every year, activists and politicians announce that for only twenty billion or two hundred billion we can end world hunger, educate every child or give every family their own cow. These proposals all apply the free enterprise logic of solving a problem by ‘buying’ a solution. But you can’t buy solutions to human problems the way that you can solve engineering problems by building a house on the edge of a cliff. People have to become their own solutions. Buying a solution for them won’t work.
And even if it could work, it wouldn’t work on that scale. Helping people isn’t like building cars and aid isn’t mass production. Throwing more money and people at the problem only makes it that much harder to solve.
Buying a homeless man a sandwich for two dollars is a direct investment of resources. Appropriating twenty billion dollars to feed a sandwich to every homeless man in America will feed sandwiches to a small percentage of the homeless at a cost of four thousand dollars a sandwich.
This is where the comfort zone of a industrial society where everyone is used to the benefits of mass production leads idealists astray. Socialists treated the factory as a metaphor for human society with experts planning everything from health care to leisure entertainments for productive output. But human society isn’t a factory. A factory is where people agree to work in order to earn money for the things that they care about. Once work becomes non-consensual, production drops off, as it did in the USSR, and when all of life has the flavor of a factory, the motivation to do anything disappears.
The linear progression of a factory’s tasks are at odds with the complex range of motives of the actors in human society and the human variables make every link in the chain of planning less efficient. It’s easy to buy a homeless man a sandwich, but once you try to buy sandwiches for millions of homeless men, the sandwich money is eaten up by the expenses of planning how to identify the homeless men, what kind of sandwiches they would like, studies on marketing sandwiches to homeless men over social media, the costs of diversity training for the sandwich makers and a million other things.
Every lofty aid goal begins with a big number and bleeds down to the prosaic reality that the goal will never be met, but that everyone involved will be told to feel good about themselves for trying. The bigger the goal, the bigger the administrative overhead, the corruption and the inefficiency. Instead of scaling up results by scaling up funds, more money and more people lead to fewer individual results.
The aid economy of the underprivileged is the smaller half of the overall aid economy. The biggest piece of the aid economy is in the hands of the aid organizations that profit from an unsolvable problem that, all their fundraising brochures to the contrary, they have no interest in solving because it would remove their reason for existing. Africa’s misery is their wealth. The worse Africa becomes, the more incentive the easily empathetic and the guilty of the West will have to pour money into their latest cause to buy everyone in Africa a goat, a laptop or a sandwich.
It’s the old Soviet problem. The producers have no interest in producing anything. The aid recipients, distributors and providers have achieved a dysfunctional equilibrium. The system is broken, but everyone has learned their roles within the broken system. If the system changes, they will all have to get jobs. It was that inertia which kept the USSR going long after its leaders stopped caring about the ravings of Marx, Lenin and Stalin. It took the energy of a younger generation that had yet to become invested in the system to topple it and it is the older generation that is most likely to march with portraits of Communist leaders and kiss them for the cameras.
You can buy a homeless man a sandwich, but you can’t buy them all sandwiches because once you do that, you are no longer engaging in a personal interaction, but building an organization and the organization perpetuates itself. You don’t need a homeless man to exist so that you can buy him a sandwich, but once an agency exists that is tasked with buying homeless men sandwiches, it needs the homeless men to exist as ‘clients’ so that it can buy them sandwiches and buy itself steak dinners.
In aid economies, the scale of the problem grows slightly faster than the amount of aid and activists hold out the tempting promise that by increasing spending to stay ahead of the problem, it can be solved completely. All it would take is for everyone to become engaged and care. That isn’t a plan, it’s a pat on the back for the people who do care and an incentive to show their moral superiority by continuing to throw good money after bad into the aid economy.
The West can’t fix Africa no matter how much of the price of a cup of coffee it donates. By attempting to fix it,  Africa and the West become entangled in each other’s problems, each worsening the problems of the other instead of solving them.
No one can save Africa except Africans. No one can fix Detroit except the majority of the people who live there. Social problems aren’t solved by nationalizing them or internationalizing them. They aren’t solved by engaging and guilt tripping those who have already solved those problems and live thousands of miles away but by engaging the people who live right there and are part of the problem.
If a man is drowning, you can toss him a rope. But if a man jumps into the water, tossing him a rope doesn’t accomplish anything. A physical problem can be solved by applying the right resources, but a human problem can’t be solved except when the affected humans change their attitudes or behaviors.
Trying to solve a problem rooted in behavior with monetary rewards only perpetuates that behavior. Instead of saving the world, throwing money at it destroys it instead.

From Sultan Knish: http://sultanknish.blogspot.com/

Nobody.

February 5, 2014

From MM: http://maddmedic.wordpress.com/

Of Course it’s Political!

January 28, 2014

From MM: http://maddmedic.wordpress.com/

Past Recession versus Obama’s Current Recovery

January 28, 2014

wolf-1:</p>
<p>laissezfairecapitalist:</p>
<p>Bush isn’t the best president, maybe not a good one, even. But this shows how bad Obama and liberals are.</p>
<p>I’ve been asking about the price of gas since he took office. Everyone bitched at Bush and gas went down, but no one seems to give a fuck with Obama</p>
<p>It&#8217;s funny how the media uses words like &#8220;recovery&#8221; and &#8220;recession&#8221; any way they want contrary to their actual definitions.

From RBA: http://redbloodedamerica.tumblr.com/

The Misery Index – Obama Loves Misery for the Peasants

January 23, 2014

Under Hope & Change, Misery Index Climbs

We all know the official economic numbers are a fraud, but just how bad is the real situation? According to an influential Wall Street advisor, extremely bad:

In a memo to clients provided to Secrets, David John Marotta calculates the actual unemployment rate of those not working at a sky-high 37.2 percent, not the 6.7 percent advertised by the Fed, and the Misery Index at over 14, not the 8 claimed by the government.

Unemployment + inflation = the Misery Index. Put smiley-faced lies into the equation, a smiley-faced lie comes out. According to Marotta:

“Unemployment in its truest definition, meaning the portion of people who do not have any job, is 37.2 percent.”

The reason the official unemployment rate has declined despite Obama still being in office, as Marotta and colleague Megan Russell explain, is that

“officially-reported unemployment numbers decrease when enough time passes to discourage the unemployed from looking for work. A decrease is not necessarily beneficial; an increase is clearly detrimental.”

As for inflation, the government underreports it “by about 3%.”

According to official numbers, the current Misery Index is 7.54. But we no longer have the sort of government that produces reliable numbers. Using a more honest inflation rate of 4.5% and an unemployment rate of 10.2% (which includes discouraged workers who aren’t actively seeking a job, but not everybody who isn’t working) yields a Misery Index of 14.7, “worse even than during the Ford Administration.”

Worse still is the Youth Misery Index, which tracks how well voting for Obama is working out for young people. The YMI is

calculated by adding youth unemployment and average college loan debt figures with each person’s share of the national debt. While it has steadily grown over the decades, under Obama the figure has shot up dramatically, from 83.5 in 2009 to 98.6 in 2013.

The index has increased by 18.1 percent since Obama took office, the highest increase under any president, making Obama the worst president for youth economic opportunity, according to the nonprofit that released the figure.

“Young people are suffering under this economy,” said Ashley Pratte, program officer for Young America’s Foundation, which developed the index and calculates it annually using federal statistics.

Look at the bright side, young people. It could be worse. They could calculate the YMI using real numbers instead of government stats. Then you would really be hurting.

Obama Economic Misery

On a tip from Bob Roberts.

From MB: http://moonbattery.com/

Why Work?

January 23, 2014

From MM: http://maddmedic.wordpress.com/

There is no “Recovery” You Morons!

January 15, 2014

Exposing the Lie of the Merely Bad Unemployment Numbers

Never mind the official stats that tell us the employment situation is lousy. The real situation is actually much worse:

The number of working age Americans that do not have a job has increased by nearly 10 million since Barack Obama first entered the White House.  In January 2009, the number of “officially unemployed” workers plus the number of Americans “not in the labor force” was sitting at a grand total of 92.6 million.  Today, that number has risen to 102.2 million.  That means that the number of working age Americans that are not working has grown by close to 10 million since Barack Obama first took office.  So why does the “official unemployment rate” keep going down?  Well, it is because the federal government has been pretending that millions upon millions of unemployed workers have “left the labor force” over the past few years and do not want to work anymore.  The government says that another 347,000 workers “left the labor force” in December.  That is nearly five times larger than the 74,000 jobs that were “created” by the U.S. economy last month.  And it is important to note that more than half of those jobs were temporary jobs, and it takes well over 100,000 new jobs just to keep up with population growth each month.  So the unemployment rate should not have gone down.  If anything, it should have gone up. …

The labor force participation rate is now at a 35 year low, and the only way that the federal government has been able to get the “unemployment rate” to go down is by removing hundreds of thousands of Americans out of the labor force every month.

As for the so-called “recovery,”

Most people don’t know this, but the U.S. economy actually created fewer jobs in 2013 than it did in 2012.

The total number of Americans a century ago was about the same as the number of Americans currently not working.

This sums up what Obama is doing to our country in a single graph:

Employment-Population-Ratio

Note that he took power in January 2009.

It isn’t an accident. Pretty much every initiative pertaining to economics that has been imposed or promoted by Obama and his coconspirators can be counted on to increase unemployment (e.g., ObamaCare, oppressive environmental regulations, higher taxes, raising the minimum wage, and extending unemployment benefits).

If you think it’s bad now, wait until Obama, McCain, Boehner, and the rest of the liberal quislings infesting the Beltway open the Third World floodgates by ramming through amnesty. That’s when the boat will stop listing and start sinking. Eventually the debt Obama is running up will put it all the way to the bottom of the sea.

On a tip from Chris Christie Traffic Shrine Monument.

From MB: http://moonbattery.com/

Impossible.

January 11, 2014

insanity

 

From MM:   http://maddmedic.wordpress.com/page/3/

 

The Cold, Harsh, Economic Truth – Collapse is Coming to America

January 3, 2014

An American Depression: Extreme Haircut Edition

January 3, 2014 – 12:00 pm EST 
By: Terresa Monroe-Hamilton

NoisyRoom.net

 

letthemeatcake2014
 

Americans know deep inside that things are very dire indeed and getting worse by the second. Overwhelmingly, they no longer believe the economic numbers from the government. Lies – all lies and propaganda. Instead of the bread lines of the last Great Depression, we have EBT Cards, providing the hungry with food. For those who have now been unemployed for years in The Greatest Depression, it doesn’t cut it. Starvation and hunger are still the ever present resident for many. Large numbers of Americans have lost their homes. More than people want to concede live in their cars or on the streets. As the numbers grow, America pretends it just isn’t so, but nevertheless, we have entered a new age of want and need brought to us by Progressives and their neglect, corruption and lack of giving a damn. Welcome to the new age and it is about to get very, very real in the good ole’ USofA. Obamacare was the final trigger coupled with massive printing of money and redistribution of wealth, via Cloward and Piven. The kill shot will be Amnesty.

The IMF goes blunt on the global stage and no one notices:

Much of the Western world will require defaults, a savings tax and higher inflation to clear the way for recovery as debt levels reach a 200-year high, according to a new report by the International Monetary Fund.

The IMF working paper said debt burdens in developed nations have become extreme by any historical measure and will require a wave of haircuts, either negotiated 1930s-style write-offs or the standard mix of measures used by the IMF in its “toolkit” for emerging market blow-ups.

“The size of the problem suggests that restructurings will be needed, for example, in the periphery of Europe, far beyond anything discussed in public to this point,” said the paper, by Harvard professors Carmen Reinhart and Kenneth Rogoff.

The paper said policy elites in the West are still clinging to the illusion that rich countries are different from poorer regions and can therefore chip away at their debts with a blend of austerity cuts, growth, and tinkering (“forbearance”).

[...]

But the paper says this mantra borders on “collective amnesia” of European and US history, and is built on “overly optimistic” assumptions that risk doing far more damage to credibility in the end. It is causing the crisis to drag on, blocking a lasting solution. “This denial has led to policies that in some cases risk exacerbating the final costs,” it said.

While use of debt pooling in the eurozone can reduce the need for restructuring or defaults, it comes at the cost of higher burdens for northern taxpayers. This could drag the EMU core states into a recession and aggravate their own debt and ageing crises. The clear implication of the IMF paper is that Germany and the creditor core would do better to bite the bullet on big write-offs immediately rather than buying time with creeping debt mutualisation.

The paper says the Western debt burden is now so big that rich states will need same tonic of debt haircuts, higher inflation and financial repression – defined as an “opaque tax on savers” – as used in countless IMF rescues for emerging markets.

“The magnitude of the overall debt problem facing advanced economies today is difficult to overstate. The current central government debt in advanced economies is approaching a two-century high-water mark,” they said.

Read that very, very carefully. So much for Keynesian economic theory. There is no saving what we have wrought. We can no longer turn back or fix this monstrosity created by the greed of those we entrusted with the leadership of our governments. Waking up to the system is a bitch.

Pension funds will be raided, savings accounts levied, property seized… You only thought you owned that land, in reality, those with the greatest force in the end will take the land unless they are somehow defeated. But the price will be in blood and be high indeed. Interest rates will soar, as will food, gas and utilities as the spiral plays out. Because controls were put on a system that should not have been rigged, it will by necessity collapse. It is not self-healing, but it is self-rectifying. Look for defaults worldwide and the fall of the dollar. It is now not a question of if, but when. Prepare to have your systems blown.

You cannot expect things to get better when you have so many Progressive irons in the communist fire:

  • Obamacare Rate Shock
  • Higher Taxes
  • Higher Interest Rates Mean Larger Debt Payments
  • Government Benefit Cuts
  • Wealth Confiscation

Tell me you don’t feel it in your bones – this is the transformation of America that Obama promised. We are in the midst of The Greatest Depression and none dare call it what it is. Up is down, black is white. We are told all is fine, the economy is recovering… we are doing better and are stronger than ever. In reality, we are destitute, our military prowess has been gutted and our national wealth has been redistributed, while the Marxists stomp on and jeer at our Constitution. 2014 is the year we fight and we better join forces and take back the Republican Party and get true conservatives elected – the Tea Party has roared to life and millions are preparing for the battle of a lifetime. An American Depression: Extreme Haircut Edition is unfolding in the once land of the free, home of the brave and our leaders are singing: “Let them eat cake!” Just say no to Weimar cake and French-style servitude.

From Trevor Loudon: http://www.trevorloudon.com/

Higher Wages? Yea…Sure. Pay more so it can Happen? Uh…No

December 23, 2013

From Moonbattery

Fascist EPA Will Force Utility Prices Higher Than You Can Pay

December 19, 2013

How Obama’s EPA Plans To Kill Jobs And Reduce Your Income

December 19, 2013

How The EPA Plans To Kill Jobs And Reduce Your Income – The Foundry

How’s your heating bill? If you feel like you’re not paying enough, you’re in luck.

. ……….

. President Obama’s Environmental Protection Agency (EPA) is pushing new regulations on power plants – regulations that will kill jobs, jack up your energy costs, and even end up reducing families’ income because of the impact on the prices of everything you buy.

As Heritage experts Nicolas Loris, Kevin Dayaratna, and David Kreutzer explain:

<blockquotThese regulations will act as a major energy tax that would negatively impact American households. Americans will suffer through higher energy bills, but also through higher prices for goods and services, slowing the economy and crippling the manufacturing sector.

…It will cost more to heat, cool, and light homes, and to cook meals. These higher energy prices will also have rippling effects throughout the economy. As energy prices increase, the cost of making products rises.

The EPA’s war is against coal, which is the main source of electricity for 21 states. In their research, Heritage experts analyzed a phase-out of coal (thanks to the EPA’s regulations) between 2015 and 2038.

Here are their dire warnings. By the end of 2023, they project:

* Employment falls by nearly 600,000 jobs (270,000 in manufacturing). * Coal-mining jobs drop 30 percent. * A family of four’s annual income drops more than $1,200 per year, and its total income drops by nearly $24,400 over the entire period of analysis.

And for what?

Certainly not helping the environment. The authors sum it up: “President Obama’s climate plan would have a chilling effect on the economy, not the climate.”

They explain that “regulations aimed at reducing greenhouse gas emissions will have no meaningful effect on global climate change. The EPA admitted this in its own proposed rule.”

So – hundreds of thousands of lost jobs, thousands in lost income, higher prices across the board—and “no noticeable climate impact.” That’s what these regulations mean.

It’s important to remember that these rules are being developed by unelected bureaucrats at the whim of the Obama Administration. We’ve already learned that the Administration delayed a number of controversial regulations, including energy-related ones, conveniently until after the 2012 election. Why? Because they’re harmful to Americans.

The authority to make such sweeping changes doesn’t belong to these unelected bureaucrats, the Heritage experts say. Congress should take back its power and prevent these rules from inflicting harm on the economy – and our wallets.

Click HERE For Rest Of Story

From The Daley Gator: http://thedaleygator.wordpress.com/

Economic Recovery is a Huge Government Lie

December 12, 2013

Only 37? Surely you jest.

37 Reasons Why “The Economic Recovery Of 2013″ Is A Giant Lie If you assume that the labor force participation rate in the U.S. is at the long-term average, the unemployment rate in the United States would actually be 11.5 percent instead of 7 percent.

There has been absolutely no employment recovery. The percentage of Americans that are actually working has stayed between 58 and 59 percent for 51 months in a row. But most Americans don’t understand these things and they just take whatever the mainstream media tells them as the truth.

From AD: http://americandigest.org/

Will Liberal Elitists F*#k Everyone in Europe and Western Civ In Pursuit of The Almighty Dollar?

December 12, 2013

Goldman Sachs International Chairman Peter Sutherland Calls for Repopulating Europe With Non-Whites

Don’t let Goldman Sachs International Chairman Peter Sutherland lull you off to sleep with his pompous, soporific drone. What he is talking about here in front of the Select Committee on the European Union for Home Affairs, Health, and Education is soft genocide through displacement. Permanently altering the demographics of Western countries — i.e., replacing the people who live in them and made them what they are with the people who live in the Third World and made it what it is — is not a bug in liberal immigration policy. It is the central feature:

Via Kitman TV:

“The demographic challenges in a number of European member states, however difficult it may be to explain this to the citizens of those states, is absolutely unquestionable in terms of a crucial dynamic for economic growth. A declining and ageing population is destructive of prosperity… So demographics are a key element of the debate, and a key argument for the development of—I hesitate to use the word because people have attacked it—multicultural states. It is impossible to consider that the degree of homogeneity which is implied by the alternative argument can survive, because states have to become more open in terms of the people who inhabit them…

Sutherland goes on to denounce Europeans “who still nurse a sense of our homogeneity and difference from others, which is precisely what the European Union, in my view, should be doing its best to undermine.”

There won’t always be an England — or a Europe, or an Australia, or an America — if the globalist liberal elite has its way. One great big Third World hellhole with zero upward mobility or recognition of individual rights and responsibilities will be much easier for them to rule over. The European race has a very limited place in the master plan.

The Final Solution for white people won’t involve gas chambers and concentration camps. A combination of abortion, promotion of perversion, disincentives to marry and have kids, open borders, and easy access to welfare by foreigners will accomplish the task.

On a tip from DJ.

From MB: http://moonbattery.com/

Look at all Of the Destruction This Man Has Wrought

December 8, 2013

1 america_RIP_small 1 ninetymilesggBtoC1rw5dlyo1_500 579327_10202614068412935_911276395_n

 

Images found at 90 miles: http://ninetymilesfromtyranny.blogspot.com/

Here is Your Minimum Wage. You are not Needed.

December 3, 2013

fuck-liberal-morons:</p>
<p>gop-tea-pub:</p>
<p>new-age-conservative:</p>
<p>estherofkims:</p>
<p>new-age-conservative:</p>
<p>Wage Strikes Planned at Fast-Food Outlets<br />
To the idiots planning to strike for higher wages, go for it.  I prefer the simplicity of a machine as opposed to idiots who have to ask 5 times to get my order. </p>
<p>This has got to be one of the rudest things I’ve seen on tumblr.<br />
Alright, you asked for it.<br />
Have you ever thought of the fact that many of these minimum wage workers have gotten laid off from their once careers such as teaching (which is a pretty important job for children to have adequately sized classrooms for better learning environments) and are forced to work at minimum wage jobs because of a situation they didn’t even have control over?<br />
What about the people who, yes, I’m still talking about people with education such as Bachelor’s and Master’s degrees, who couldn’t find a job because our economy is so bad that for some reason the government decides to cut jobs and add “REPLACEMENTS” such as these machines used for self checkout at grocery stores, who are succumbed to working minimum wage stores.<br />
What some people need to realize, is that to stimulate our economy, a higher “living” wage, as you call it, would do the trick. Since many Americans are working at minimum wage jobs, if they were to be given more money for the hours they worked, they would spend more money. and guess what? that’s what stimulates the economy. More people spending money!<br />
and when more people spend money, more people are happier and so they spend even more money which stimulates the economy even more!<br />
Who would have guessed?<br />
So can we actually start thinking about things like the economy and the condition that the people are in before making inferences such as these?<br />
&lt;/endrant&gt;</p>
<p>And your comment has to be one of the dumbest things I have ever seen on Tumblr (which is saying a lot)<br />
First as a teacher I can tell you that there is not a big shortage of teaching jobs out there…in fact it’s still really hard to find teachers when you need them…so I don’t know where you’re getting this figure, but it’s a lie as I can tell you actually being a teacher living on the front lines. Also while the current US unemployment rate is 7.5% the unemployment rate for those with a BA is only 4.5% (so sayeth the Dept. of Labor).  You might actually want to refresh your knowledge on actual labor statistics (or well anything) before spouting drivel like this.  Further trying to suggest that all minimum wage workers are unemployed teachers and getting the heart strings of people is possibly the cheapest attempt at playing to people’s heartstrings I have ever seen…even if you discount the fact that it has nothing to do with reality.<br />
And if you really care about those people you should push for LOWERING the minimum wage, thus making it MORE attractive for employers to hire people.  If you raise it than you make workers less attractive…businesses are not there to provide jobs, they are there to make a profit, if you have a problem with this simple fact of reality you are too stupid for words…and when you make it impossible for businesses to make a profit at their current staffing levels they will ALWAYS choose to fire people rather than go bankrupt (which tends to result in firing everyone).</p>
<p>“if they were to be given more money for the hours they worked, they would spend more money. and guess what? that’s what stimulates the economy. More people spending money!” Ah, no it actually doesn’t, because anyone who actually knows economics, which you clearly don’t, knows that actually all you get is INFLATION which means the people making minimum wage can still only afford the same amount, the people who were fired can’t afford anything, and the people in the middle class actually have an effective pay cut put in place.<br />
"Who would have guessed?" Only idiotic Keynesians like you who know not a single thing about how economies actually work.<br />
“So can we actually start thinking about things like the economy and the condition that the people are in before making inferences such as these?”  Can you actually start thinking about anything before you show yourself to be a moron.</p>
<p>Also you must be new here to think I would care if I sound rude…</p>
<p>^^^^^^^^</p>
<p>Lol</p>
<p>A perfect example of a bleeding-heart liberal making an argument with speculative nonsense instead of facts.

From RBA: http://redbloodedamerica.tumblr.com/

Tis the Season to Buy, Buy, Buy.

November 19, 2013

Just Buy It

That’s our entire economic system: buy things. Everybody buy. It doesn’t matter what you buy. Just buy. It doesn’t matter if you don’t have money. Just buy.

Our entire civilization now rests on the assumption that, no matter what else happens, we will all continue to buy lots and lots of things. Buy, buy, buy, buy, buy. And then buy a little more. Don’t create, or produce, or discover — just buy. Never save, never invest, never cut back — just buy. Buy what you don’t need with money you don’t have. Buy when you’re happy. Buy when you’re sad. Buy when you’re hungry. Buy when you want to lose weight. Buy an iPhone. Six months have passed, here, buy another iPhone.  – - If you shop on Thanksgiving, you are part of the problem | The Matt Walsh Blog

Found at AD: http://americandigest.org/

It’s Funny How Math Works

October 29, 2013

Leftist Utopia Update: Democrat-Run Detroit Plans To Cut Pensions By 84%

28Oct

Another Democrat Success Story… Detroit Plans To Cut Pensions By 84% Or 16¢ On The Dollar – Gateway Pundit

The 23,500 pensioners in Detroit are going to have to adjust their budgets. The city plans on cutting pensions by 84 percent.

.

Doug Ross and Reuters reported:

On Friday, city financial consultant Kenneth Buckfire said he did not have to recommend to Orr that pensions for the city’s retirees be cut as a way to help Detroit navigate through debts and liabilities that total $18.5 billion.

Buckfire said it was clear that the city did not have the funds to pay the unsecured pension payouts without cutting them.

“It was a function of the mathematics,” said Buckfire, who said he did not think it was necessary for him or anyone else to recommend pension cuts to Orr.

“Are you saying it was so self-evident that no one had to say it?” asked Claude Montgomery, attorney for a committee of retirees that was created by Rhodes.

“Yes,” Buckfire answered.

Buckfire, a Detroit native and investment banker with restructuring experience, later told the court the city plans to pay unsecured creditors, including the city’s pensioners, 16 cents on the dollar. There are about 23,500 city retirees.

Click HERE For Rest Of Story

From The Daley Gator: http://thedaleygator.wordpress.com/

The Nation is About to Collapse

October 17, 2013

996010_595910790467508_1956122945_n

Found at 90 miles: http://ninetymilesfromtyranny.blogspot.com/

Lunatic Leftist Commies even Destroy Their Own Peeps and Ideals

October 16, 2013

Seattle Bureauweenies Keelhaul Captain Dave

Like some nightmarish laboratory experiment gone spectacularly awry in a horror movie, Seattle statism has gotten out of control. It started when masterminds decided they would limit parking, so as to force people to use more politically correct mass transit and ride around on bicycles like they do in Cuba. This drove parking prices into the stratosphere, as intended, predictably resulting in scofflaws, resulting in turn in lunacy like this:

Dave Petrich, of West Seattle, goes by the nickname “Captain Dave,” because mostly what he drives around town are boats. He runs maritime-history tours, restores wooden schooners and a few years back started the city’s first modern floating farmers’ market, called FarmBoat.

“I put old boats back to work,” Captain Dave likes to say.

Only FarmBoat itself is now out of work. The cause? Believe it or not: too many parking tickets.

The parking tickets are not even Dave’s. They were allegedly run up by one of the farmers who sold vegetables at the FarmBoat, a loose-knit floating market that used to convene every Thursday down on South Lake Union.

Under rule by moonbats, you are your brother’s keeper, as Obama likes to say. Especially when it is easier to wring money out of you than out of your brother.

The vendor was a “good guy who helped us with marketing, but he’s kind of a vagabond, like a lot of people who sell at farmers’ markets,” Captain Dave says. Unknown to Dave, the vendor owed some $7,800 in back parking tickets, penalties and interest going back to 2003. This made him one of Seattle’s more sought-after “parking scofflaws.”

The city couldn’t find him. So they went after Captain Dave instead.

Last January, when the FarmBoat was closed for the winter, Captain Dave got a notice from the city’s collection agent demanding that FarmBoat garnishee the scofflaw’s wages to pay off the $7,800 debt. Captain Dave was baffled by this. He hadn’t seen the farmer in three months. Plus, as a volunteer community-type organization, FarmBoat had no employees. It never paid out wages to anyone.

“We just rent them stalls so they can sell their produce,” Captain Dave says. “There are no wages for the city to take.”

In fact, the scofflaw vendor paid his rental fee “by giving us leftover vegetables,” Dave says.

Once he figured out what was going on, Captain Dave called the city and the collection agent, explained that he was a nonprofit farmers’ market with no employees, and naturally common sense prevailed and the whole thing was dropped.

Just kidding. Captain Dave did do all that. But the collection agency pursued its legal claim against him anyway.

They placed a lien on both FarmBoat and Captain Dave personally.

Characteristically, liberal authoritarianism puts the kibosh on the productive economic activity that generates the wealth…

The market has been closed for two months now due to the lien and legal threat.

…and also results in unintended consequences:

The irony of all this is that Captain Dave has devoted years to this notion that there’s a car-free, environmentally friendly way to transport locally grown food around the Sound in historical boats. It’s been sunk by, of all things, parking enforcement.

Not even moonbats benefit from rule by moonbats —  unless they are the actual moonbats in charge, who may be able to add Captain Dave to Obama’s impressively expanding food stamp rolls.

captain-dave

Captain Dave: another ruined entrepreneur.

On a tip from Dennis, 1/3 of the Republicans in King County.

From MB: http://moonbattery.com/

Un-elected Bureaucracy Now Rules America

September 20, 2013

The Managerial Revolution by James Burnham

Assuming you even know who James Burnham is at all, he probably occupies a footnote at best in your mind. A notable political theorist and activist during the mid-20th century, he began his public life as a Marxist and Trotskyist but later transitioned to conservatism, spending the latter decades of his life as a columnist for National Review. Shortly after the fall of France in World War II, he wrote The Managerial Revolution, a radical tract that deserves to be more widely read.

 

Managerial-revolution-1941.jpg

Burnham’s claim was that capitalism was dead, but that it was being replaced not by socialism, but a new economic system he called “managerialism”; rule by managers.

I can’t understand how this book is so ignored. Getting a hold of a copy was a real bitch for me; it’s been out of print for decades, there’s no Kindle version, and used copies go for around $40 on Amazon. Most of the top Google searches for The Managerial Revolution refer not to the book itself but George Orwell’s moronic response essay, published eight years later. I lucked out and managed to find a cheap copy of the book on Ebay… from a seller in the U.K.

Burnham’s central argument will repulse both leftists—who think that the modern world is suffering an excess of free market capitalism—and conservatives/libertarians, who think that America is one more Obamaphone away from communism. It certainly pissed off his old Marxist buddies, drunk as they were in the 1930′s on their unbelievably arrogant belief in the “historical inevitability of socialism.” Burnham’s view was that the dictatorship of the proletariat would never happen because the pincer of technological advances and increasingly complex societies meant that ruling a nation required a skill set that the proles simply did not possess:

Reality, however, as is so often the case, was rude to the optimistic expectations. Far from showing tendencies toward socialism, the Russian revolutionary society developed in a plainly contrary direction. With respect to the three decisive characteristics of socialist society—classlessness, freedom, and internationalism—Russia is immeasurably further away today than during the first years of the revolution; nor has this direction been episodic but rather a continuous development since those early years. This has occurred in direct contradiction to Marxist theory: in Russia the key conditions, as it was thought, for the advance, if not to socialism at least well into its direction, were present—the assumption of state power by a Marxist party ‘of the workers,’ and above all the supposedly crucial abolition of private property rights in the chief instruments of production.

Burnham observed that Soviet Russia, Nazi Germany and the U.S. under Franklin Roosevelt were developing along parallel paths, creating an economic system in which power rested not with capitalists or workers, but managers; administrators, HR ditzes, engineers, bureaucrats, civil servants, CEOs and other figures who exist outside of the capitalist class yet are not of the proletariat. Stalin’s nomenklatura, Hitler’s vast patronage network, and the myriad agencies created by the New Deal represented this shift in power, as they were controlled neither by capitalists or by workers. The trigger for this transition was the mass unemployment sparked by the Great Depression and capitalism’s complete inability to solve it, but the foundations had been laid beforehand in the increasing scale of society and scientific advances that made large-scale organization easier:

In the earlier days of capitalism, the typical capitalist, the ideal of the ideologists before and after Adam Smith, was himself his own manager so far as there were managerial functions other than those assigned to some reliable skilled worker in the shop. He was the individual entrepreneur, who owned the whole or the greater share of a factory or mine or shop or steamship company or whatever it might be, and actively managed his own enterprise; perhaps to retire in old age in favour of management by his heirs. But, as is well known, the growth of large-scale public corporations along with the technological development of modern industry have virtually wiped such types of enterprise out of the important sections of the economy; with a few exceptions, they remain only among the ‘small businesses’ which are trivial in their historical influence.

Additionally, Burnham observes that capitalism arose in a similar fashion; a new class (in this case, the merchants) seizing power from the ruling class (the aristocracy) beginning in the 14th century, when feudalism began to wane. This transition took different forms in different countries: it was gradual in England, where the monarchy slowly lost power to Parliament and became a largely ceremonial position, or violent in the case of France, where the aristocracy was viciously overthrown. In the same way, Burnham predicted that as part of the managerial revolution, the structures of capitalist government would either be eliminated entirely—as they were in the case of the Soviet Union and Nazi Germany—or reduced to figureheads.

Can anyone seriously argue that that hasn’t happened in the U.S. and other “democratic” nations?

Power in America no longer rests with the elected government, but with the acronym agencies that exist beyond the voter’s control: the FBI, NSA, CIA, FEMA, the Fed, the Department of Education and so on. Despite the grandstanding of Tea Party Republicans, these agencies run themselves with minimal oversight or input from Congress, who is almost entirely powerless to control them. In fact, whenever elected officials try to exercise even the slightest amount of control over bureaucracies—as Scott Walker tried to do in Wisconsin two years ago—they always find themselves rebuffed with overwhelming force.

Burnham also predicted that the public and private sectors would effectively cease to exist as separate entities in a managerial economy. Again, looking at the comfy relationship between Washington and Wall Street, can you really argue against this? The actual capitalists on Wall Street—the shareholders—have lost big in the bank bailouts, with the stock prices of Citi and other banks cratering and shops like Bear Stearns being driven out of business entirely. It’s the managers—your Lloyd Blankfeins and Jon Corzines and Hank Paulsons—who’ve made out like bandits, giving themselves golden parachutes, stealing money from their customers andflitting back between government and the private sector as it suits them.

The_Technocrats_Magazine_1933.jpg

Despite the reference to “evident errors” on the back of my copy of The Managerial Revolution, most of Burnham’s predictions have come true, even if he got specific details wrong. For example, he envisioned a future in which the U.S., Germany and Japan would rule much of the Earth as “super-states,” with power gradually moving from sovereign states to supranational entities. Britain and France would wane and become satellite states because they clung to capitalism in the face of rising managerial empires. While Germany and Japan flamed out in World War II, the managerial state that Burnham dismissed in classic wannabe Tory fashion—Russia—became one of the world’s preeminent superpowers, jockeying with the U.S. for proxy control over Europe and the third world. As for “supranational entities,” how about the European Union, a gang of bureaucrats who have the reins on individual national governments? The U.N.? The WTO?

And this book is out of print?

The biggest flaw in Burnham’s analysis is that he’s still constrained to a certain extent by a Marxist frame, failing to take into account human motivations and stupidity. For example, he argues that Hitler’s desire for an alliance with Britain was driven solely by rational motives, as allying with Britain would allow Germany to more easily take control of Britain’s empire, which was being chipped away by America and other entities (Canada, by that point, was fully an American satrapy). He doesn’t account for Hitler’s retarded racial ideology that led him to believe he’d be leading a pan-Aryan brotherhood against those filthy evil Slavs.

But even with these mistakes, The Managerial Revolution is one of the most prescient and accurate portraits of the modern West. It’s also useful for analyzing what will happen in the future. Burnham notes that entrenched mass unemployment is one of the signs of imminent social revolution, going back to ancient Greece. If that’s the case, our managerial regime may well be in its death throes, with the massive unemployment rates in places like Spain and Greece, along with exploding underemployment in the U.S.

What will come next? I can’t say, only to say that the current system can’t last.

 

mattforney.com

 

Consumer Buying Power Shot

September 13, 2013

cool-milk-chart-now-then

National Debt has Not Changes for 30 days? Really? Lies, Lies, and more Lies

August 16, 2013

Is the Ponzi Scheme Over? Government Defaults on Debt, then Hides the Truth from the Public.

 Via-Off The Grid
As Congress gets ready for yet another debt-ceiling fight, it seems our government may have already defaulted on its debts. For the last month, our debt has sat at $16,699,396,000,000; it hasn’t moved a single penny in either direction. Sadly, what’s most astonishing about the number isn’t the fact that we are over $16 trillion in debt; but instead, the fact that the number hasn’t moved in the last 30 days.
While most people would take this as a positive sign, the fact is, our debt has grown over $98 billion in the last 30 days – The Government just isn’t reporting it.
Why wouldn’t the government report $98 Billion dollars of debt, especially when they freely admit to the over 16.6 trillion? 
20 dollar billsWell the answer to that is actually pretty simple. If they admitted to it, they would be admitting to the fact that the broke the law and allowed the country to basically default on its debt. If the Treasury Department admitted to borrowing the additional $98 billion to cover the $98 billion deficit they declared in their monthly statement for July, the Treasury would be admitting that they had already surpassed the legal limit on the debt.
So instead of admitting to breaking the law, they just readjusted the scam a bit, and the debt magically stayed $25 million below the legal limit for the last 30 days…………

Come on Over! Illegals Will Swamp the US and Destroy the Economy.

August 13, 2013

Cloward-Piven Strategy Applied to Border Security

What would you get if you crossed Camp of the Saints with the Cloward-Piven strategy? This:

A sudden influx of illegal immigrants from Mexico requesting asylum is overwhelming immigration agents in San Diego, forcing agencies to rent hotel rooms for some undocumented families and release others to cities around the U.S.

Documents obtained exclusively by Fox News show Immigration and Customs Enforcement has been paying for hotel rooms for dozens of recently arrived families to relieve overcrowding inside the San Ysidro and Otay Mesa, Calif., processing centers. Some ICE employees are working overtime and others have been asked to volunteer to work weekend shifts. “Duties include intake, placements, transports and release of family groups and unaccompanied minors,” according to a memo obtained by Fox News.

The surge has raised suspicions about what is driving the influx, amid claims that illegal immigrants have learned they can attempt to get asylum by using a few key words — namely, by claiming they have a “credible fear” of drug cartels.

“This clearly has to have been orchestrated by somebody,” said former U.S. Attorney for Southern California Peter Nunez. “It’s beyond belief that dozens or hundreds or thousands of people would simultaneously decide that they should go to the U.S. and make this claim.”

Orchestrated by whom? Could it be by the very people who give the magic words “credible fear” their power? Given that the Executive Branch is now run by a community organizer who could not help but be well aware of the Cloward-Piven strategy of deliberately overloading government services, it seems likely.

Claiming “credible fear” doesn’t get you asylum. But it does entitle you to “a series of interviews, hearings, proceedings and appeals that can drag on for years.” Once in the country, few will show up for hearings. Why should they, with amnesty coming down the pipe? Besides, the government can’t be expected to chase down hundreds of thousands of scofflaws.

Documents obtained by Fox News show that recently on a single day, dozens of illegal immigrants were being transferred to an area hotel where rooms cost $99 a night. Others were released to addresses in Texas, Florida and even Brooklyn, N.Y.

ICE sources say the addresses are almost always bogus.

No worries about the $99 hotel bills. That is pocket change compared to lifetime passes on the welfare gravy train.

Although this wave of invaders comes from as far away as Iraq, most are from Mexico.

Asylum claims from Mexico are highly unusual and critics say this is an orchestrated sham — it’s not about getting asylum, they say, but about overwhelming the system and getting a free pass into the U.S. and a court date for which no one will show up.

“Hundreds of thousands of people have never returned and the list of people for whom warrants are outstanding is phenomenal,” said Nunez. “We have a long history of people absconding from immigration hearings of one sort of another, they just blend back into the community.”

ICE sources say an estimated 600,000 to 800,000 illegal immigrants a year do not show up for their court date and disappear into the U.S.

Francis Fox Piven must be very proud of having been put in charge of US immigration policy. Down in hell, her coconspirator Richard Cloward is smiling fondly.

mexican-invasion

From Moonbattery: http://moonbattery.com/

In This “Modern” age things No Longer perform Their Intended Function

August 13, 2013

“In our modern age, things no longer exist to perform their function.”

Washing machines aren’t designed to clean clothes, but to save water and energy.

Food isn’t there to be eaten, but not eaten. And armies aren’t there to win wars, but to be moral. And the truly moral army never fights a war. When it must fight a war, then it fights it as proportionately as possible, slowing down when it’s winning so that the enemy has a chance to catch up and inflict a completely proportional number of casualties on them. Sultan Knish: Winning the Peace

From American Digest: http://americandigest.org/