It looks like Obama is continuing his work at bankrupt ACORN. The government shouldn’t have poor people to sign mortgages for the houses they couldn’t afford in the first place. What an insult to the millions of prudent home owners who bought what they could afford and made all the payments. Now they are asked [...]
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“Even if we were to return to the funding levels we’ve had in recent years, we cannot continue to sustain viable operations in all 56 armories across the state,” Bunting said. “This is a challenging time requiring difficult choices.” Kan. National Guard to close 18 armories By John Milburn – The Associated Press Posted : [...]
..the FDIC is contributing to the deflationary trend. It has “tightened rules on required capital levels,” which forces banks’ loan ratios to fall. The FDIC Anesthesia Is Wearing Off November 20, 2009 By Robert Prechter The following article is an excerpt from Robert Prechter’s Elliott Wave Theorist. For more information from Robert Prechter on bank [...]
Are we nearing a tipping point as rapacious elites push a heavily armed populace too far? “A government afraid of its citizens is a Democracy. Citizens afraid of government is tyranny!” — Thomas Jefferson The british are close to a “ruled” people because of their tolerance. Americans are irritated, as they have less tolerance for [...]
This “idea” that an economy must be based on debt and “lent money at interest” is absurd. A monetary system would work well with usury outlawed. In this scenerio, it operate exactly like the stock market: when a lender makes a loan to a borrower to the lender gets some “stock” in the profits that [...]
“.. people could lose confidence in the U.S. economy in a way that could actually lead to a double-dip recession,” he said. Interest rates are market driven. The Fed is simply following the market in determining rates. The low rates indicate that money demand is very low; it is a sign of a very weak [...]
“For the first time in at least six decades, private sector employment is negative on a 10-year basis (first turned negative in August). Hence, the changes are not merely cyclical or short-term in nature.” An economy can’t survive without manufacturing and right now people are making everything off-shore and then selling it back to us [...]
“Ukraine has joined the global pandemic zone,” Vasyl Knyazevych said. Tymoshenko said the government would also be banning “all public gatherings, every concert and every cinema showing for three weeks.” The government will also introduce “special regimes” to limit the movement of Ukraine’s citizens from one region to another for non-urgent purposes, she said. Ukraine [...]
“I am absolutely concerned,” Donegan said. The day the masses were fearing would never appear seems have just materialized by the reality of the giant tiger on the other side of the world beginning to awaken. Since 1994 China has pegged its currency to the US dollar in attempts to siphon manufacturing and industrial bases [...]
“That longest and friendliest border in the world is now an invisible Berlin Wall,” Mike Bradley told CBC News regarding the new passport requirements. “They are not playing by the rules” — Dr. Alan Keys Here is some background information on what has transpired in the past five days in the United States and some [...]
“this is now the longest technical recession since at least 1955.” The devaluation of the pound sterling in theory should increase exports of goods from the United Kingdom. However, you must consider that raw materials and energy needed to manufacture products whatsoever are likely to be priced in euros and dollars and devaluing the pound [...]
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