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Obama tells
banks and corporation
how it's gonna be.
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Bond Vigilantes Confront Obama |
For the first
time since another Democrat occupied the White House, investors from
Beijing to Zurich are challenging a president’s attempts to revive the
economy with record deficit spending. Fifteen years after forcing Bill
Clinton to abandon his own stimulus plans, the so-called bond vigilantes
are punishing Barack Obama for quadrupling the budget shortfall to $1.85
trillion. By driving up yields on U.S. debt, they are also threatening
to derail Federal Reserve Chairman Ben S. Bernanke’s efforts to cut
borrowing costs for businesses and consumers.
The
1.4-percentage-point rise in 10-year Treasury yields this year pushed
interest rates on 30-year fixed mortgages to above 5 percent for the
first time since before Bernanke announced on March 18 that the central
bank would start printing money to buy financial assets. Treasuries have
lost 5.1 percent in their worst annual start since Merrill Lynch & Co.
began its Treasury Master Index in 1977.
"The bond-market
vigilantes are up in arms over the outlook for the federal deficit,"
said Edward Yardeni, who coined the term in 1984 to describe investors
who protest monetary or fiscal policies they consider inflationary by
selling bonds. He now heads Yardeni Research Inc. in Great Neck, New
York. "Ten trillion dollars over the next 10 years is just an
indication that Washington is really out of control and that there is no
fiscal discipline whatsoever."
Continue reading
here . . . |
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Pravda: American Capitalism Gone With A Whimper |
It must be
said, that like the breaking of a great dam, the American
descent into Marxism is happening with breath taking speed, against the
back drop of a passive
people.
True, the situation has been well prepared on and off
for the past century, especially the past twenty years. The initial
testing grounds was conducted upon our Holy Russia and a bloody test it
was. But we Russians would not just roll over and give up our freedoms
and our souls, no matter how much money Wall Street poured into the
fists of the Marxists.
Those lessons were taken and used to
properly prepare the American populace for the surrender of their
freedoms and souls, to the whims of their elites and betters.
First, the population was dumbed down through a politicized and
substandard education system based on pop culture, rather then the
classics. Americans know more about their favorite TV dramas then the
drama in DC that directly affects their lives. They care more for their
"right" to choke down a McDonalds burger or a BurgerKing burger than for
their constitutional rights. Then they turn around and lecture us about
our rights and about our "democracy". Pride blind the foolish
Then their faith in God was destroyed, until their churches, all tens of
thousands of different "branches and denominations" were for the most
part little more then Sunday circuses and their televangelists and top
protestant mega preachers were more then happy to sell out their souls
and flocks to be on the "winning" side of one pseudo Marxist politician
or another. Their flocks may complain, but when explained that they
would be on the "winning" side, their flocks were ever so quick to
reject Christ in hopes for earthly power. Even our Holy Orthodox
churches are scandalously liberalized in America.
The final
collapse has come with the election of Barack Obama. His speed in the
past three months has been truly impressive. His spending and money
printing has been a record setting, not just in America's short history
but in the world. If this keeps up for more then another year, and there
is no sign that it will not, America at best will resemble the Wiemar
Republic and at worst Zimbabwe.
These past two weeks have been
the most breath taking of all. First came the announcement of a planned
redesign of the American Byzantine tax system, by the very thieves who
used it to bankroll their thefts, loses and swindles of hundreds of
billions of dollars. These make our Russian oligarchs look little more
then ordinary street thugs, in comparison. Yes, the Americans have beat
our own thieves in the shear volumes. Should we congratulate them?
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Putin Warns U. S. About Socialism |
Russian Prime Minister Vladamir
Putin has
said the US should take a lesson from the pages of Russian
history and not exercise "excessive intervention in economic activity
and blind faith in the state’s omnipotence".
"In the 20th
century, the Soviet Union made the state’s role absolute," Putin said
during a speech at the opening ceremony of the World Economic Forum in Davos, Switzerland.
"In the long run, this made the Soviet economy totally uncompetitive.
This lesson cost us dearly. I am sure nobody wants to see it
repeated."
Sounding more like Barry Goldwater
than the former head of the KGB, Putin said, "Nor should we turn a blind
eye to the fact that the spirit of free enterprise, including the
principle of personal responsibility of businesspeople, investors, and
shareholders for their decisions, is being eroded in the last few
months. There is no reason to believe that we can achieve better
results by shifting responsibility onto the state."
Putin also cautioned
the U. .S against using military Keynesianism to lift its economy out of
recession, saying, "in the longer run, militarization won’t solve the
problem but will rather quell it temporarily. What it will do is squeeze
huge financial and other resources from the economy instead of finding
better and wiser uses for them." Putin’s comments come in sharp contrast
to Russia’s own military buildup and expansion.
Putin also echoed
the words of conservative maverick Ron Paul when he said, "we must
assess the real situation and write off all hopeless debts and bad
assets. True, this will be an extremely painful and unpleasant
process. Far from everyone can accept such measures, fearing for
their capitalization, bonuses, or reputation. However, we would
conserve and prolong the crisis, unless we clean up our balance sheets."
"The time for enlightenment has come. We must calmly, and without
gloating, assess the root causes of this situation and try to peek into
the future."
It just blows
my mind that those warning us of Obama's socialist agenda are Pravda and
the ex-KGB officer, Putin. Our own press is so
in love with the concept of Obama, they have become blind, deaf and dumb.
Remember what Lenin
said about
socialism,
"The goal of socialism is communism."
Current Communist Goals
(1963) -- remarks of Hon. A. S. Herlong, Jr., of Florida in the U. S.
House of Representatives.
How do you think they've done since
1963? |
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Appeals Court Delays Eligibility Arguments |
Arguments that had been expected to be taking place before a federal
appeals court right about now on whether U.S. citizens have a right to
know that their president is eligible for the office he holds have been
delayed.
Philip Berg, the first lawyer to take the issue of
Barack Obama's compliance with the U.S. Constitution's requirements for
president to court, says he's been told by officials with the 3rd U.S.
Circuit Court of Appeals that the oral arguments in his Berg vs. Obama
case, No. 088-4340, have been put off.
"About two months ago I
received notice that the Third Circuit would schedule 'oral argument'
the last week of May 2009 or the first week of June 2009," he said.
Not hearing from the court further, his office contacted the judges and
was told the earliest time the arguments now could be held would be in
September or October.
"I am totally disappointed that there has
been this delay," said Berg, who documents progress on his three
separate lawsuits at his ObamaCrimes.com website.
"I am
determined to keep fighting lawfully through our court system; I believe
there is a judge or justices that will grant us discovery as it is
essential … that the truth be told," he said.
Judge R. Barclay
Surrick ruled that ordinary citizens cannot sue to ensure that a
presidential candidate actually meets the constitutional requirements of
the office of president.
The judge said Congress could allow
that, by determining "that citizens, voters, or party members should
police the Constitution's eligibility requirements for the presidency,"
but that it would take new laws to grant individual citizens that
ability.
"Until that time," Surrick wrote, "voters do not have
standing to bring the sort of challenge that plaintiff attempts to
bring." |
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