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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/SB10001424053111904292504576482563347097284.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

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