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Thursday, August 4, 2011

August 04, 2011

August 04, 2011

The Federal Reserve, Debt Ceiling, Quantitative Easing, Inflation, Free-Market Principles, Gold/Silver, Food Supply
THE MORNING AFTER: U.S. BORROWING TOPS 100% OF U.S. GDP, NOW IN SAME LEAGUE AS ITALY, BELGIUM...
http://news.yahoo.com/us-aaa-rating-still-under-threat-204040123.html
Lookout, gang:
--W.H. Spox Jay Carney: "We believe the economy will continue to grow", no "threat of a double-dip recession"
http://www.google.com/hostednews/ap/article/ALeqM5iK_r7TfKdafL82NcjnD61VJUw22w?docId=8302acd329064972a80658607e4eee33
--Rep. Nancy Pelosi predicts $2.4 trillion added to federal credit-card limit WILL LAST ONLY 18 MONTHS (VIDEO)
http://www.cnsnews.com/news/article/pelosi-predicts-24-trillion-new-borrowin
--Bondholders China, Russia blast U.S. borrowing (they wanted the tea party's budget cuts, not the "compromise" ceiling increase...)
http://www.bloomberg.com/news/2011-08-03/china-s-zhou-to-monitor-u-s-debt-as-xinhua-sees-bomb-yet-to-be-defused.html
--Chinese credit ratings agency downgrades U.S. from A+ to A, outlook negative
http://www.zerohedge.com/news/china-boldly-goes-again-where-moodys-has-never-gone-downgrades-us-outlook-negative
--VIDEO:  "The Spending is Nuts"
http://www.youtube.com/watch?v=6AgL-I3PxHE
--OpEd:  "The Coming Crises Of Governments"
http://www.ft.com/cms/s/0/78abaf5c-be11-11e0-ab9f-00144feabdc0.html#axzz1U0KAOrZf
With debt limit fight resolved, spending restraint should remain central to authorization debates
http://www.fiscalaccountability.org/index.php?content=08022011nd#
--Rep. Ron Paul releases "Statement on the Budget Control Act"
http://paul.house.gov/index.php?option=com_content&view=article&id=1902:statement-on-the-budget-control-act&catid=15:floor-statements&Itemid=1
----...and introduces bill to cancel $1.6T in debt held by Federal Reserve
http://thehill.com/blogs/floor-action/house/174953-rep-paul-introduces-bill-to-cancel-public-debt-held-by-the-fed
QE3 on the horizon
--Stocks suddenly rebound as QE3 talk begins
http://www.businessinsider.com/the-qe3-talk-begins-for-real-2011-8
--Hedge-fund manager Barton Biggs: Get ready for a "different kind of QE3" --> (Feds buy mortgages & single-family homes...)
http://www.businessinsider.com/barton-biggs-this-is-the-time-to-buy-stocks-aggressively-2011-8
Bank Of America in talks for home foreclosure settlement: report
http://www.reuters.com/article/2011/08/03/us-bankofamerica-mortgages-idUSTRE7720LI20110803
--"Helping Responsible Homeowners Act (S. 170)" would allow current but underwater borrowers to refinance
http://www.appraisalinstitute.org/ano/newsletter/DisplayNwsLtrArticle.aspx?volume=12&numbr=15/16&id=15151
----OpEd:  "'Reckless Endangerment' and the Mortgage Crisis Narrative"
http://fixedincomecolor.com/articles/mortgage-mbs/1028-reckless-endangerment-and-the-mortgage-crisis-narrative
Private-sector jobs up 114,000 in July
http://www.marketwatch.com/story/private-sector-jobs-up-114000-in-july-adp-says-2011-08-03
--U.S. layoffs soar to 16-month high in July
http://www.foxbusiness.com/markets/2011/08/03/us-layoffs-soar-to-16-month-high-in-july/
Europe's money markets freeze as crisis escalates in Italy and Spain
http://www.telegraph.co.uk/finance/financialcrisis/8677989/Europes-money-markets-freeze-as-crisis-escalates-in-Italy-and-Spain.html
--EU says euro area's systemic capacity in doubt
http://finance.yahoo.com/news/EU-says-euro-areas-systemic-rb-2748106524.html
Gold to hit $2,000/ounce before year end (CHART)
http://www.telegraph.co.uk/finance/personalfinance/investing/gold/8678682/Gold-to-hit-2000-before-year-end.html
TRICKLE-DOWN ECONOMICS IN ACTION:  "How Does a Four-Year-Old Spend $46,000 a Month?"
http://blogs.wsj.com/wealth/2011/08/03/how-does-a-four-year-old-spend-46000-a-month/

Big Government, Socialism/Nazism/Progressivism/Globalism, Redistribution of Wealth, Economic/Environmental/Social Justice, Collective Salvation, Liberation Theology

Russia honors Obama with postage stamp for 50th birthday
http://www.americanthinker.com/blog/2011/08/russia_honors_obama_with_postage_stamp_for_50th_birthday.html
--A GREAT OP-ED:  "The Secret of Socialism"
http://www.americanthinker.com/2011/08/the_secret_of_socialism.html
President holds another secret meeting with AFL-CIO's Trumka...
http://dailycaller.com/2011/08/03/obama-scant-on-details-from-secret-afl-cio-meeting-critics-bill-it-up-to-more-union-favoritism-from-wh/
Jesse Jackson:  "Big government is us by another name" (VIDEO)
http://www.theblaze.com/stories/big-government-is-us-by-another-name-jesse-jacksons-epiphany-statement-reveals-why-the-small-government-advocating-tea-party-is-falsely-accused-of-racism-during-his-race-baiting-civil-war-rant/
"Ever since they fudged the numbers to pass ObamaCare, Democrats have abandoned credible spending plans"
http://online.wsj.com/article/SB10001424053111903341404576484124282885188.html?mod=WSJ_Opinion_LEADTop
New York Magazine produces video with 6th graders explaining debt deal, knocks tea party in the process...
http://www.theblaze.com/stories/6th-graders-try-to-explain-debt-debacle-end-up-bashing-boehner-tea-party/
--OpEd:  "Biden's Tea Party terrorists -- Earth to Obama: Americans don't want higher taxes"
http://www.washingtontimes.com/news/2011/aug/3/bidens-tea-party-terrorists/
Judge allows American to sue Rumsfeld over torture
http://hosted.ap.org/dynamic/stories/U/US_RUMSFELD_TORTURE_SUIT?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2011-08-03-17-39-56
Study: Biodegradable plastics could WORSEN global warming
http://www.bendbulletin.com/article/20110803/NEWS0107/108030317/
"Welcome to the U.N.'s Agenda 21's 'Walkability'"
http://canadafreepress.com/index.php/article/39063
Chevy Volt: Still Not Selling
http://www.weeklystandard.com/blogs/chevy-volt-still-not-selling_581956.html
Ethanol-loving bacteria accelerate cracking of pipeline steels...
http://www.eurekalert.org/pub_releases/2011-08/nios-nft080311.php

Illegal Aliens/Open Borders, National Security, Terrorism/"Man-Caused Disasters", Jihad/"Misunderstanders Of Islam", Caliphate/Khalifa/Shariah, Pro-Palestine/Anti-Israel
Illinois:  Insolvent state hemorrhaging jobs enacts its version of the federal DREAM Act
http://www.investors.com/NewsAndAnalysis/Article/580303/201108021906/Illinois-Bad-Dream.htm
--POLL: Record support for Arizona-style immigration enforcement laws
http://standwitharizona.com/blog/2011/08/03/poll-record-support-for-arizona-style-immigration-enforcement-laws/
--H.R. 1505: 'National Security & Federal Lands Protection Act' (NSFLPA) --> law bypasses 'environmental' laws, gives Border Patrol tools needed to control our borders
http://www.coachisright.com/hr-1505-bypasses-
environmental”-laws-to-give-our-border-patrol-the-tools-to-control-our-borders/
Question: Which religious group is most optimistic about the future?  Answer: American Muslims
http://www.theblaze.com/stories/so-which-religious-group-is-most-optimistic-about-the-future-the-answer-may-surprise-you/
Report:  27 with terrorist links held F.A.A. licenses
http://mobile.nytimes.com/article;jsessionid=7692EBB2A110F4E05F3376E28AC7F9CC.w5?a=821958&single=1&f=21
Organization of Islamic Cooperation (OIC) to implement resolution with State Secy. Hillary Clinton to combat "defamation of religion", Islamophobia...
http://bigpeace.com/dwest/2011/08/03/hillarys-headache-how-to-shred-the-first-amendment/
--New White House plan to "counter violent extremism"...
http://hosted.ap.org/dynamic/stories/U/US_VIOLENT_EXTREMISM_STRATEGY?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2011-08-02-22-13-43
--..."When extremist speech articulates a threat of imminent violence, which could qualify as criminal hate speech, law enforcement authorities should take appropriate action." (aren't tea partiers being labeled as being "extremists"?)
http://securitydebrief.com/2011/08/02/white-house-set-to-release-national-strategy-to-counter-violent-extremism/

Alleged American jihad-enthusiast plans to plead guilty
http://www.theblaze.com/stories/alleged-american-jihad-enthusiast-plans-to-plead-guilty/
Experts blame China for massive global cyberattack targeting U.S., U.N. computers
http://www.foxnews.com/scitech/2011/08/03/massive-global-cyberattack-targeting-us-un-discovered-experts-blame-china/
This Is What 'Democracy' Looks Like:

--Iran:  Revolutionary guards commander becomes new president of OPEC
http://www.guardian.co.uk/world/2011/aug/03/iranian-opec-president-revolutionary-guards
--Libya:  Nation allying with Islamists (read: caliphate)
http://www.nytimes.com/2011/08/04/world/africa/04seif.html?_r=2&hp
--
"I suppose, indeed, that in public life, a man whose political principles have any decided character and who has energy enough to give them effect must always expect to encounter political hostility from those of adverse principles." ~~ Thomas Jefferson, letter to Richard M. Johnson, 1808


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