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Archive for June 29, 2011

0bama starts class warfare

Obama: It’s Kids Versus Corporate Jets on Debt-Ceiling Talks

“”I’ve been doing Afghanistan, bin Laden and the Greek crisis,” Obama said, jabbing Congress for being out of session so much. “You stay here. Let’s get it done.””

Via National Journal

0bama is a hypocrite

FLASHBACK: AP: Stimulus includes tax break to promote private jet sales

” Just a few months after lawmakers scolded auto executives for flying to Washington in private jets, Congress approved a tax break in the stimulus package to help businesses buy their own planes.

The incentive — first used to help plane makers recover from the 2001 terror attacks — sharply reduces the up front tax bill for companies who buy assets like business planes.”
FLASHBACK: AP: Stimulus includes tax break to promote private jet sales

” Just a few months after lawmakers scolded auto executives for flying to Washington in private jets, Congress approved a tax break in the stimulus package to help businesses buy their own planes.

The incentive — first used to help plane makers recover from the 2001 terror attacks — sharply reduces the up front tax bill for companies who buy assets like business planes.”

Via Washington Examiner

Categories: Obama, Obama is arrogant

The Coming Destruction of U.S. Pensions

” “We wanted to know how much money we owe our retirees, and how much of that money we don’t have.”
-Cook County Treasurer Maria Pappas (June 22, 2011)

We know the Federal and State governments are in serious fiscal trouble. Having overspent and over borrowed, they are now faced with the real prospect of having to reduce jobs, spending programs and retirement related benefits.

But the States and the Federal government are not alone.

During the boom times of entitlement spending and government largess leading up to the financial crisis, local governments that include cities and counties spent their share of forward earnings as well. And now those uncontrolled fiscal policies are coming home to roost.

For those Americans who have worked for decades with the hopes that their pensions, health care and other benefits would be there when they retire, we offer a glimpse into what the future may hold:’

Via SHTF Plan

Categories: government theft

While Greece burns, Spain test drives a post-euro future

“Anyhow, since I arrived to Spain a few days ago from London, I’ve been sniffing around to get a sense of how Spain’s crisis is unfolding. We see the news clips and YouTube videos of protests, of governments collapsing, of soaring unemployment, but I wanted to see for myself how feels on the ground, and how things have changed over the last year.

The most startling change that I’ve noticed, without doubt, is the inflation. Literally everything I’ve looked at– food prices at the local market, restaurant tabs, local electronics, highway tolls, raw material construction costs, mobile phone tariffs, taxi fare, etc. are much more expensive, to the tune of 10% to 25%.”

Via Sovereign Man

Categories: Debt

China Has Declared War On The United States

” Last year, the U.S. Navy bought 59,000 microchips for use in everything from missiles to transponders and all of them turned out to be counterfeits from China.

Wired reports the chips weren’t only low-quality fakes, they had been made with a “back-door” and could have been remotely shut down at any time.

Got it folks? Let me simplify that for you.

The Chinese sold to The American Navy microchips that contained “back doors” that allowed them to shut down their functionality remotely. That is, they attacked our military through back-door, surreptitious means.

That’s a declaration of war folks.

When do we stop sucking off the Chinese and tell them to pound sand on their alleged “full faith and credit” US Treasuries? Will it be before or after they formally attack America and her military?”

Via Market Ticker

Categories: Uncategorized

Obama Redirects From A Broke US Government By Playing The Class Warfare Card, Focuses On “Millionaires And Billionaires”

“In what appears to be an increasingly tenuous attempt to redirect focus from terminal federal government failure through the imposition of yet another round of class antagonism, Barack Obama, as part of his earlier address to the nation, stressed that more revenue “must be part of any deficit-reduction deal” and criticized Republicans for protecting tax breaks for “millionaires and billionaires” in the process even invoking users of corporate jets (despite that fact that he himself boasted using the $56,000/hour taxpayer funded Air Force one to travel the 110 mile distance between Washington DC and Williamsburg, VA). As the WSJ puts it: Obama “staked out his position in budget negotiations, which have reached a critical phase and increasingly appear to hinge on which side wins the public-relations battle.” Well-aware of the dead end trap that Bernanke finds himself in namely that monetary policy alone is now (or ever) powerless to fix the economy (although it sure would do miracle for the Russell 2000… and hyperinflation), and that a fiscal stimulus is currently unpassable, Obama dragged out the strawman, suggesting “that some initiatives designed to stimulate the economy in the short term should be included in a final deal, singling out a yearlong extension of the payroll-tax break for employees, which expires in January.”

Via Zero Hedge

The true story of SV40, the cancer-causing virus hidden in polio vaccines

“Poliomylitis, or polio for short, is a disease that has been around since ancient times, and despite the medical advances we have made in the United States in terms of regular and natural health, there is still no cure for this dreaded, disabling disease.

An infectious viral affliction that attacks nerve cells and, at times, the body’s central nervous system, polio causes a phenomenon known as muscle wasting (a decrease in the mass of muscle), and can also cause paralysis and death.

“Since 1900 there had been cycles of epidemics, each seeming to get stronger and more disastrous. The disease, whose early symptoms are like the flu, struck mostly children, although adults, including Franklin Roosevelt, caught it too,” said a report in the journal A Science Odyssey.”

Via Natural News

Categories: cancer, health issues

The Medical Marketplace, Free and Unfree

“The idea of consumer sovereignty was central to Mises’s understanding of the market economy. According to this understanding, consumers shape the pattern of resource use and the assignment of resource rewards according to their preferences. The outputs being produced at any date, the methods of production being employed, and the rewards being given to the various owners of productivity are those dictated by consumers.

Market prices are described by Mises as reflecting an “equilibrium of demand and supply.” It is on this basis that Mises views any government interference with market prices as a disturbance to the equilibrium that will, in general, produce results that are worse than the conditions the government wished to improve. Government intervention in the provision of medical goods and services is a perfect example.”

Via Whiskey and Gunpowder

Categories: Uncategorized

50 U.S. Health Care Statistics That Will Absolutely Astonish You

“The U.S. health care system has become one gigantic money making scam, and you are about to see the statistics that prove it. Today, the United States spends more on health care per person than any other country in the world by far. The health insurance companies and the big pharmaceutical corporations are raking in gigantic mountains of cash and yet the quality of the health care that we receive in return is rather quite poor. People living in Puerto Rico have a greater life expectancy than we do. Residents of Cuba have a lower infant mortality rate than we do. We are the most medicated population on the planet and yet we are also one of the sickest. If the U.S. health care system was a country, it would have the 6th largest economy on the globe and yet rates of cancer, heart disease and diabetes continue to increase. The U.S. health care statistics that you are about to read below are absolutely stunning. For as much money as we shell out for health care, we should have the greatest system in the entire world. But we don’t. Something has gone horribly wrong.”

Via The Economic Collapse Blog

Categories: Uncategorized

Max Keiser in Interview with Lars Schall

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