Wednesday, August 3, 2011
August 03, 2011
August 03, 2011
The Federal Reserve, Debt Ceiling, Quantitative Easing, Inflation, Free-Market Principles, Gold/Silver, Food Supply
** QE3 is Near - US Fed to consider more stimulus as recovery slows **
http://www.livetradingnews. com/qe3-is-near-48981.htm
The 'Budget Crisis Compromise' sucks for America & for Americans:
--Budget plan passes House & Senate; House members cheer as U.S. will be $2.4 trillion further in debt (VIDEO)
http://realclearpolitics.com/ video/2011/08/02/compromise_ passes_house_congress_cheers_ 2_trillion_more_in_debt.html
--Quick summary & full text of the Budget Control Act
http://keithhennessey.com/ 2011/08/01/bca-summary/
Compromise creates Congressional "super committee"
http://www.weeklystandard.com/ blogs/fiscal-conservatives- barred-supercommittee_581921. html
--Rep. Ron Paul sounds alarm on 'disturbing' Super Congress (VIDEO)
http://www.infowars.com/ron- paul-sounds-alarm-on- disturbing-super-congress/
----Super committee to bring with it "superlobbyists"...
http://www.nationaljournal. com/daily/debt-ceiling-deal- sets-off-lobbying-frenzy- 20110801
------Congress to decide whether super committee could impose other non-debt-related regulations (such as gun control)
http://gunowners.org/ a08012011.htm
"$2 trillion in cuts? Washington's fantasy math vs. Tea Party 'Hobbits'"
http://floppingaces.net/2011/ 08/02/2-trillion-in-cuts- washingtons-fantasy-math-vs- tea-party-hobbits-reader-post/
Analysis: Storms ahead as debt deal sets up tax fight
http://www.msnbc.msn.com/id/ 43980057/ns/politics-capitol_ hill/
--Reid: Joint committee MUST INCLUDE TAXES or trigger will kick in (VIDEO)
http://www.realclearpolitics. com/video/2011/08/02/reid_ joint_committee_must_include_ taxes_or_trigger_will_kick_in. html
--PREPARE: Biggest middle class tax increase in history will come in five months
http://brucekrasting.blogspot. com/2011/08/biggest-middle- class-tax-increase-in.html
The markets react:
--30-year just hit 3.99%, Dow falls 266, stock selloff accelerates, gold surges
http://www.businessinsider. com/closing-bell-august-2- 2011-8
--Fitch: U.S. keeps AAA rating for now, review ongoing...
http://news.yahoo.com/fitch- says-risk-u-sovereign-default- low-170549735.html
--Moody's: U.S. keeps AAA rating, moves outlook to 'negative'...
http://www.bloomberg.com/news/ 2011-08-02/u-s-aaa-rating- faces-moody-s-downgrade-on- debt-economic-slowdown- concern.html
--China is nervous...
http://www.marketwatch.com/ story/us-debt-deal-fails-to- assuage-china-2011-08-02
Bill Gross: Deal does nothing, still have 'unfathomable' $66 trillion in liabilities (CHART)
http://www.businessinsider. com/bill-gross-this-deal-does- nothing-and-we-still-have-an- unfathomable-66-trillion-in- liabilities-to-deal-with-2011- 8
--After debt deal, economy in deeper peril
http://www.msnbc.msn.com/id/ 43976115/ns/business-eye_on_ the_economy/
--"Pawning Rolexes to make payroll"
http://money.cnn.com/2011/08/ 02/smallbusiness/small_ business_loans_pawn_shop/ index.htm?iid=HP_LN
--FORMER HEAD OF GOVERNMENT ACCOUNTABILITY OFFICE: U.S. IS LESS THAN 3 YEARS AWAY FROM BECOMING GREECE
http://www.theblaze.com/ stories/fmr-head-of-govt- accountability-office-u-s- less-than-3-years-away-from- being-greece/
...but wait -- WHAT crisis?!
--President heads off for lavish 50th birthday celebration...
http://www.dailymail.co.uk/ news/article-2021286/What- debt-crisis-President-Obama- serenaded-Jennifer-Hudson- 50th-birthday.html
--...will celebrate birthday amongst millionaires, billionaires, & corporate jet owners
http://www.thegatewaypundit. com/2011/08/figures-obama-to- celebrate-birthday-tomorrow- with-millionaires- billionaires-and-corporate- jet-owners-video/
--'Nobel Prize-winning economist' Paul Krugman: Debt 90% of GDP is fine, U.S. credit rating downgrade doesn't matter
http://www.theblaze.com/ stories/triple-a-moody- ratings-are-nonsense-scary- mind-of-liberal-tax-spend- economist-exposed-paul- krugman-says-debt-up-to-90-of- gdp-is-fine-and-us-credit- rating-downgrade-doesnt- matter/
But, hey, it could be worse:
--Europe's a financial "train wreck", on "brink of a major financial collapse", operating on "cognitive dissonance"
http://www.cnbc.com/id/ 43988195
--Fear drives silent bank run in Greece
http://www.guardian.co.uk/ world/2011/aug/01/greece- panic-change
--India coming to the rescue...
http://timesofindia. indiatimes.com/india/India-to- give-2bn-to-fund-bailouts-in- Europe/articleshow/9463341.cms
--"Global Depositor Bank Runs And Why Gold Is Going Much Higher As A Result"
http://www.zerohedge.com/news/ eric-sprott-real-banking- crisis-global-depositor-bank- runs-and-why-gold-going-much- higher-resul
OpEd: "The collapse of America's middle class"
http://www.atimes.com/atimes/ Global_Economy/MH02Dj05.html
OpEd: "You Want to Create Jobs? Here's How"
http://www.oftwominds.com/ blogaug11/how-to-create-jobs- 8-11.html
OpEd: "Government Will Have No Ammunition To Counteract the Next Market Collapse"
http://www.shtfplan.com/ headline-news/government-will- have-no-ammunition-to- counteract-the-next-market- collapse_08022011
Drought, lack of water push animals to breaking point
http://www.mywesttexas.com/ special_report/drought/ article_378f71b2-13d9-57b5- 8dd6-5cfcfadfd00d.html
Big Government, Socialism/Nazism/ Progressivism/Globalism, Redistribution of Wealth, Economic/Environmental/Social Justice, Collective Salvation, Liberation Theology
** Unions, hippies, social justice freaks call on people of "conscience and courage" to march in D.C. on Oct. 6, 2011, "in nonviolent resistance similar to the Arab Spring and the Midwest awakening" **
http://october2011.org/ statement
President stretches executive power to expand the warfare state and the regulatory state...
http://reason.com/archives/ 2011/08/02/obamas-top-four- power-grabs
President dedicates another $95 million to 'Social Equity' program
http://www.facebook.com/note. php?note_id=10150258963481561
President admits his health care plan designed to eliminate private insurance (VIDEO)
http://californians4palin. blogspot.com/2011/08/obama- caught-admitting-his-health- care.html
White House considers new social media avenues
http://baltimorejewishlife. com/news/news-detail.php? SECTION_ID=2&ARTICLE_ID=8023
TSA begins to test Israeli-style profiling dubbed 'SPOT' (Screening Passengers by Observation Techniques)
http://www.bostonherald.com/ news/regional/view.bg? articleid=1355725
"7 Examples Of Liberal Unfairness"
http://townhall.com/ columnists/johnhawkins/2011/ 08/02/7_examples_of_liberal_ unfairness
Florida: New state law forces cities, counties to repeal local gun laws effective 10/1
http://www.sun-sentinel.com/ news/elections/mh-guns-in- parks-law-20110802,0,5486690. story
Pennsylvania: Free cell phones are now a civil right...
http://www.nypost.com/p/blogs/ capitol/free_cell_phones_are_ civil_right_ htTMcKQFrjdvyl9A6NHPdP
D.C.: Department of Education pushes man-made global warming via SpongeBob Squarepants cartoon at children's reading event (VIDEO)
http://www.theblaze.com/ stories/u-s-dept-of-ed-pushes- man-made-global-warming-at- kids-reading-event/
Virginia: Girl, 11, rescues baby woodpecker, now faces $535 fine & possible jail time from feds...???
http://wusa9.com/news/article/ 161065/158/Woodpecker-Saving- Daughter-Costs-Mom-500
California: Eagle deaths investigated at LADWP wind power generation site
http://latimesblogs.latimes. com/greenspace/2011/08/an- investigation-has-been- launched-into-the-deaths-of- migratory-birds-including- several-federally-protected- golden-eagles-at.html
POLL: Conservatives remain largest ideological group in U.S.
http://news.xinhuanet.com/ english2010/world/2011-08/02/ c_131023496.htm
Illegal Aliens/Open Borders, National Security, Terrorism/"Man-Caused Disasters", Jihad/"Misunderstanders Of Islam", Caliphate/Khalifa/Shariah, Pro-Palestine/Anti-Israel
Liberals, VP Biden label tea partiers 'terrorists'... (VIDEO)
http://www.mediaite.com/tv/ bernie-goldberg-and-bill- oreilly-make-fun-of-liberals- labeling-tea-partiers- terrorists/
--Tea Party Patriots demand apology from Biden
http://townhall.com/tipsheet/ katiepavlich/2011/08/02/tea_ party_patriots_demand_apology_ from_biden
OpEd: "How Islam Can Eliminate the U.S. Debt"
http://www.huffingtonpost.com/ faheem-younus/islam-and-debt_ b_914618.html
SICK IRONY: Bin Laden Group to build world's tallest tower
http://news.blogs.cnn.com/ 2011/08/02/bin-laden-group-to- build-tower/?iref=NS1
Preferred White House news outlet "Al-Jazeera" launches English broadcast in New York
http://www.thewrap.com/media/ column-post/al-jazeera- english-launches-new-york- 29630
U.K.: "Muslims Against Crusades" stages pro-Sharia march
http://www.jihadwatch.org/ 2011/08/muslims-against- crusades-stages-pro-sharia- march-with-signs-reading- secularism-go-to-hell-and- democr.html
OpEd: "The Second Amendment and Terrorism - Being An Armed Citizen Is A Responsibility"
http://www.humanevents.com/ article.php?id=45181
This Is What 'Democracy' Looks Like:
--Egypt: Ordinary citizens & Egyptian soldiers collaborate, turn against 'pro-democracy' protesters
http://online.wsj.com/article/ SB1000142405311190429250457648 2563347097284.html
--Syria: Muslim Brotherhood claims Alawite elite waging sectarian war against Sunnis
http://www.worldtribune.com/ worldtribune/WTARC/2011/me_ syria0904_07_20.asp
--Somalia: Islamic al-Shabaab militants launch Ramadan offensive in famine-stricken nation
http://edition.cnn.com/2011/ WORLD/africa/08/01/somalia. famine.fighting/
--China: Muslim terrorists trained in Pakistan attack western China
http://www.theblaze.com/ stories/report-muslim- terrorists-trained-in- pakistan-attack-western-china/
--China: Rumors circulate about radiation leak by hi-tech Chinese sub
http://english.chosun.com/ site/data/html_dir/2011/08/02/ 2011080200717.html
--
"A constitution founded on these principles introduces knowledge among the people, and inspires them with a conscious dignity becoming freemen; a general emulation takes place, which causes good humor, sociability, good manners, and good morals to be general. That elevation of sentiment inspired by such a government, makes the common people brave and enterprising. That ambition which is inspired by it makes them sober, industrious, and frugal." ~~ John Adams, Thoughts on Government, 1776
The Federal Reserve, Debt Ceiling, Quantitative Easing, Inflation, Free-Market Principles, Gold/Silver, Food Supply
** QE3 is Near - US Fed to consider more stimulus as recovery slows **
http://www.livetradingnews.
The 'Budget Crisis Compromise' sucks for America & for Americans:
--Budget plan passes House & Senate; House members cheer as U.S. will be $2.4 trillion further in debt (VIDEO)
http://realclearpolitics.com/
--Quick summary & full text of the Budget Control Act
http://keithhennessey.com/
Compromise creates Congressional "super committee"
http://www.weeklystandard.com/
--Rep. Ron Paul sounds alarm on 'disturbing' Super Congress (VIDEO)
http://www.infowars.com/ron-
----Super committee to bring with it "superlobbyists"...
http://www.nationaljournal.
------Congress to decide whether super committee could impose other non-debt-related regulations (such as gun control)
http://gunowners.org/
"$2 trillion in cuts? Washington's fantasy math vs. Tea Party 'Hobbits'"
http://floppingaces.net/2011/
Analysis: Storms ahead as debt deal sets up tax fight
http://www.msnbc.msn.com/id/
--Reid: Joint committee MUST INCLUDE TAXES or trigger will kick in (VIDEO)
http://www.realclearpolitics.
--PREPARE: Biggest middle class tax increase in history will come in five months
http://brucekrasting.blogspot.
The markets react:
--30-year just hit 3.99%, Dow falls 266, stock selloff accelerates, gold surges
http://www.businessinsider.
--Fitch: U.S. keeps AAA rating for now, review ongoing...
http://news.yahoo.com/fitch-
--Moody's: U.S. keeps AAA rating, moves outlook to 'negative'...
http://www.bloomberg.com/news/
--China is nervous...
http://www.marketwatch.com/
Bill Gross: Deal does nothing, still have 'unfathomable' $66 trillion in liabilities (CHART)
http://www.businessinsider.
--After debt deal, economy in deeper peril
http://www.msnbc.msn.com/id/
--"Pawning Rolexes to make payroll"
http://money.cnn.com/2011/08/
--FORMER HEAD OF GOVERNMENT ACCOUNTABILITY OFFICE: U.S. IS LESS THAN 3 YEARS AWAY FROM BECOMING GREECE
http://www.theblaze.com/
...but wait -- WHAT crisis?!
--President heads off for lavish 50th birthday celebration...
http://www.dailymail.co.uk/
--...will celebrate birthday amongst millionaires, billionaires, & corporate jet owners
http://www.thegatewaypundit.
--'Nobel Prize-winning economist' Paul Krugman: Debt 90% of GDP is fine, U.S. credit rating downgrade doesn't matter
http://www.theblaze.com/
But, hey, it could be worse:
--Europe's a financial "train wreck", on "brink of a major financial collapse", operating on "cognitive dissonance"
http://www.cnbc.com/id/
--Fear drives silent bank run in Greece
http://www.guardian.co.uk/
--India coming to the rescue...
http://timesofindia.
--"Global Depositor Bank Runs And Why Gold Is Going Much Higher As A Result"
http://www.zerohedge.com/news/
OpEd: "The collapse of America's middle class"
http://www.atimes.com/atimes/
OpEd: "You Want to Create Jobs? Here's How"
http://www.oftwominds.com/
OpEd: "Government Will Have No Ammunition To Counteract the Next Market Collapse"
http://www.shtfplan.com/
Drought, lack of water push animals to breaking point
http://www.mywesttexas.com/
Big Government, Socialism/Nazism/
** Unions, hippies, social justice freaks call on people of "conscience and courage" to march in D.C. on Oct. 6, 2011, "in nonviolent resistance similar to the Arab Spring and the Midwest awakening" **
http://october2011.org/
President stretches executive power to expand the warfare state and the regulatory state...
http://reason.com/archives/
President dedicates another $95 million to 'Social Equity' program
http://www.facebook.com/note.
President admits his health care plan designed to eliminate private insurance (VIDEO)
http://californians4palin.
White House considers new social media avenues
http://baltimorejewishlife.
TSA begins to test Israeli-style profiling dubbed 'SPOT' (Screening Passengers by Observation Techniques)
http://www.bostonherald.com/
"7 Examples Of Liberal Unfairness"
http://townhall.com/
Florida: New state law forces cities, counties to repeal local gun laws effective 10/1
http://www.sun-sentinel.com/
Pennsylvania: Free cell phones are now a civil right...
http://www.nypost.com/p/blogs/
D.C.: Department of Education pushes man-made global warming via SpongeBob Squarepants cartoon at children's reading event (VIDEO)
http://www.theblaze.com/
Virginia: Girl, 11, rescues baby woodpecker, now faces $535 fine & possible jail time from feds...???
http://wusa9.com/news/article/
California: Eagle deaths investigated at LADWP wind power generation site
http://latimesblogs.latimes.
POLL: Conservatives remain largest ideological group in U.S.
http://news.xinhuanet.com/
Illegal Aliens/Open Borders, National Security, Terrorism/"Man-Caused Disasters", Jihad/"Misunderstanders Of Islam", Caliphate/Khalifa/Shariah, Pro-Palestine/Anti-Israel
Liberals, VP Biden label tea partiers 'terrorists'... (VIDEO)
http://www.mediaite.com/tv/
--Tea Party Patriots demand apology from Biden
http://townhall.com/tipsheet/
OpEd: "How Islam Can Eliminate the U.S. Debt"
http://www.huffingtonpost.com/
SICK IRONY: Bin Laden Group to build world's tallest tower
http://news.blogs.cnn.com/
Preferred White House news outlet "Al-Jazeera" launches English broadcast in New York
http://www.thewrap.com/media/
U.K.: "Muslims Against Crusades" stages pro-Sharia march
http://www.jihadwatch.org/
OpEd: "The Second Amendment and Terrorism - Being An Armed Citizen Is A Responsibility"
http://www.humanevents.com/
This Is What 'Democracy' Looks Like:
--Egypt: Ordinary citizens & Egyptian soldiers collaborate, turn against 'pro-democracy' protesters
http://online.wsj.com/article/
--Syria: Muslim Brotherhood claims Alawite elite waging sectarian war against Sunnis
http://www.worldtribune.com/
--Somalia: Islamic al-Shabaab militants launch Ramadan offensive in famine-stricken nation
http://edition.cnn.com/2011/
--China: Muslim terrorists trained in Pakistan attack western China
http://www.theblaze.com/
--China: Rumors circulate about radiation leak by hi-tech Chinese sub
http://english.chosun.com/
--
"A constitution founded on these principles introduces knowledge among the people, and inspires them with a conscious dignity becoming freemen; a general emulation takes place, which causes good humor, sociability, good manners, and good morals to be general. That elevation of sentiment inspired by such a government, makes the common people brave and enterprising. That ambition which is inspired by it makes them sober, industrious, and frugal." ~~ John Adams, Thoughts on Government, 1776
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