The Fed, the White House and Congress Are Setting Up the Next Financial Bubble

Posted on October 16th, 2015

Financial help or Bombardmant from www.caglecartoons.com # 142648By Stephen Moore

My 13-year-old son told me at the dinner table the other day that Franklin Roosevelt was one of America’s “greatest presidents” because “he ended the Great Depression.” He’s usually a good student, so I checked where he got this tripe and sure enough the fairy tale was right there in his American history book.

Sure enough his text book tells kids that the New Deal ended the Great Depression and even saved capitalism. Of course the New Deal exacerbated the pain and financial devastation of a stock market crash, and unemployment lingered in double digits for a decade after Roosevelt was elected until the start of World War II.

We get this kind of rampant revisionism because the left writes the history books — which they are doing right now.

Here’s the latest story line: bailouts, trillions of dollars of government spending and debt, easy money, and re-regulation of Wall Street ended the 2008 Great Recession. The myth took on new life last week when Ben Bernanke took a bow in The Wall Street Journal for in his mind saving the economy with his $3 trillion of quantitative easing and zero interest rate policy. No, actually this is what created the crisis. Don’t be surprised if Mr. Bernanke receives a Nobel Peace Prize. Read More..

Re-Directing Public Concern from Global Warming to Global Cooling

Posted on October 16th, 2015

Global warming blown forecast from www.caglecartoons.com # 159326By S. Fred Singer

I want to change public concern from Global (GW) to Global Cooling (GC).  Presented here are three arguments in favor of such a drastic shift — which involves also a drastic shift in current policies, such as mitigation of the greenhouse (GH) gas carbon dioxide.

My main argument relies on the fact, backed by historical evidence, that cooling, even on a regional or local scale, is much more damaging than warming.  The key threat is to agriculture, leading to failure of harvests, followed by famine, starvation, disease, and mass deaths.

Also, GC is reasonably sure, while GW is iffy.  The evidence, again, is historical — from deep-sea sediment cores and ice cores.  Our planet has experienced some 17 (Milankovitch-style) glaciations in the past 2 million years, each typically lasting 100,000 years, interrupted by warm inter-glacials, typically of around 10,000-yr duration. The most recent glaciation ended rather suddenly about 12,000 years ago.  We are now in the warm Holocene, which is expected to end soon. 

In fact, we may have already entered into the next glaciation — as we can discover only in retrospect.  (Past cycles suggest a very gradual cooling initially — with ice accumulation and a drop in global sea levels, a decrease in atmospheric CO2 into the cooling oceans and lowest temperatures occurring only much later in the cycle.)

Archeological data show that the recent glaciation wiped out the Neanderthalers and much of the fauna that constituted their source of food.  Most of humanity may not survive the next, inevitable glaciation.

We need to consider also the warming-cooling (Dansgaard-Oeschger-Bond — DOB) cycles, which seem to be solar-controlled and have a period of approx 1000-1500 years; its most recent cooling phase, the “Little Ice Age” (LIA), ended about 200 years ago.  For details, see Unstoppable Global Warming: Every 1500 Years by Singer and Avery [2007].

The LIAs are not nearly as severe as the major glaciations; yet they present an important threat to the food supply and to current civilization.  Available technology seems adequate to assure human survival — at least in industrialized nations.  The main threat is warfare, driven by competition for food and other essential resources.  With nuclear weapons and delivery systems widely dispersed, the outcome of future wars is difficult to predict. Read More..

Wikileaks Release of TPP Deal Text Stokes ‘Freedom of Expression’ Fears

Posted on October 14th, 2015

Trans-Pacific-Partnership.from www.caglecartoons.com # 169755By Sam Thielman

Wikileaks has released what it claims is the full intellectual property chapter of the Trans-Pacific Partnership (TPP), the controversial agreement between 12 countries that was signed off on Monday.

TPP was negotiated in secret and details have yet to be published. But critics including Democrat presidential hopefuls Hillary Clinton and Bernie Sanders, unions and privacy activists have lined up to attack what they have seen of it. Wikileaks’ latest disclosures are unlikely to reassure them.

… Michael Wessel was one of the advisers who was asked by the US government to review what he said were woefully inadequate portions of the document. Wessel said the thrust of the TPP does nothing for Americans. “This is about increasing the ability of global corporations to source wherever they can at the lowest cost,” he said.

… Obama has pledged to make the TPP public but only after the legislation has passed. Read More..

Even Hillary Clinton’s Fans Don’t Believe a Thing She Says

Posted on October 13th, 2015

The end game Hillary lyingBy Jonah Goldberg

Hillary Clinton revealed on Wednesday that she opposes the Trans-Pacific Partnership trade deal, providing just the latest evidence that she is little more than political ambition wrapped in a pantsuit.

Pay attention to the press coverage, because it’s fascinating: Nobody takes Clinton at her word. I’m not just referring to her conservative critics.

Slate’s Jim Newell asks, “Will anyone find Clinton’s position convincing?” The question is purely rhetorical.

The article is headlined “Hillary Clinton Comes Out Against TPP, at Least Until the Democratic Convention.”

“Yes, Hillary Clinton’s new opposition to the Trans-Pacific Partnership trade accord cleans up something she needed to do before next week’s first Democratic debate. And, yes, it puts pressure on Vice President Joe Biden getting into the race (because he’d be on the only major candidate in support of TPP). But make no mistake: This flip-flop isn’t believable at all.”

Clinton had long touted TPP as “the gold standard” of trade deals. A tally by CNN in June found at least 45 instances where she had plumped, praised, pushed or otherwise promoted the agreement.
Read More..

A Climate of Delusion. President Obama Tries One More Time to Make Global Warming Cool

Posted on October 9th, 2015

Climate change hoax, not scienceBy Washington Times

President Obama’s globalist rhetoric captured hearts at the United Nations but it will take more than hot air to make global warming cool with anyone but the easily fooled. Like the rooster that thinks his cock-a-doodle-doo makes the sun rise, Mr. Obama touts the notion that the president of the United States can command the forces of nature that made the planet hospitable before the human race was born. He knows he can’t do that, but he might pick the pockets of the prosperous to pay for a fantasy.

The president unveiled the climate change agenda of his globalist manifesto in all its unwrapped purple. “All of our countries will be affected by a changing climate, but the world’s poorest people will bear the heaviest burden from rising seas and more intense droughts, shortage of water and food. We will be seeing climate change refugees.”

Apart from computer models that have proved notoriously inaccurate, there is little evidence that the earth’s climate is changing in ways that will trigger the sort of mass migration that the dictators and warmongers have compelled. Now that more than 18 years have passed since global temperatures have budged even an inch, it is clear that “sustainable development,” the keystone of a “green” utopia, is not dependent on the earth’s weather climate but rather on its political climate.

The president argues that carbon-dioxide emissions will bring on climate change catastrophe and he has obligated the United States to enact his Clean Power Plan. Emissions-reducing rules are expected to reduce global temperatures by only 0.03 degrees Fahrenheit by the turn of the next century, at an annual cost estimated to range between $5 billion and $41 billion. In similar fashion, the U.N., which has none, is attempting to shame the developed nations into paying $100 billion a year into its Green Climate Fund for redistribution to poor countries for renewable energy projects. Read More..

The GOP’s Senate Worries

Posted on October 8th, 2015

GOP controls Senate from www.caglecartoons.com # 155999By Charlie Cook

No mat­ter how en­ter­tain­ing the cir­cus of the pres­id­en­tial cam­paign, also re­mem­ber this: Con­trol of the Sen­ate is def­in­itely in play. Mag­gie Has­san offered a re­mind­er Monday when the Demo­crat­ic gov­ernor of New Hamp­shire an­nounced that she will chal­lenge Sen. Kelly Ayotte, a first-term Re­pub­lic­an, in next year’s elec­tions. Has­san had been si­lent about her in­ten­tions, but pub­lic polling sug­gests that the race would be very close; most sur­veys show the Re­pub­lic­an in­cum­bent with the nar­row­est of leads.

Re­pub­lic­ans hold a 54-to-46 ad­vant­age in the Sen­ate. This means that Demo­crats would need a net gain of four seats if they hold onto the White House, or five seats if they don’t (be­cause the vice pres­id­ent can break a Sen­ate tie).

The GOP’s ma­jor­ity is flimsy, though. Re­pub­lic­ans have 24 seats at risk next year, com­pared to just 10 for the Demo­crats, and sev­en are in states that Pres­id­ent Obama car­ried in 2012. One of those sev­en seats looks safe; Iowa’s six-term in­cum­bent Chuck Grass­ley is widely seen as both un­beat­able and un­likely to re­tire. But the oth­er six are in real danger—in­cum­bents Ayotte, Mark Kirk (Illinois), Ron John­son (Wis­con­sin), Pat Toomey (Pennsylvania), and Rob Port­man (Ohio), plus a seat in Flor­ida held by Marco Ru­bio, who is run­ning for pres­id­ent rather than Sen­ate reelec­tion.

The res­ult: Demo­crats have fared well in Sen­ate races when the pres­id­ency was up for grabs. In 2008 and 2012, they picked up eight and two seats, re­spect­ively. Their gain in 2012 wasn’t lar­ger be­cause they’d already picked up four seats in 2000 and six more in 2006—the two pre­vi­ous times this class of sen­at­ors had faced voters—leav­ing few­er ad­di­tion­al seats with­in their reach. Read More..

U.S. Chamber Plans $100 Million Campaign Against Conservatives

Posted on October 8th, 2015

WAIMH Red ArrowEDITOR’S COMMENT: My how things have changed, as in the past the Chamber of Commerce and the Republicans, in general, were in lockstep together promoting conservative principles. Now, it appears that the Chamber of Commerce, if not all its members, favor big government and government handouts. So, now we have the Republicans rather divided. Those representing the establishment, who tend to agree with the Chamber, are opposed to the more free-market, conservative, Tea Party individuals, who are completely opposed to the hand of big government and all its regulations.

By Mike Flynn

While many conservatives celebrate the abrupt resignation of Speaker Rep. John Boehner (R-OH), business groups backed by mega corporations are finalizing plans to neuter conservative lawmakers in 2016.

The U.S. Chamber will take the lead, planning to spend $100 million in 2016, a large portion of which will be devoted to defeat conservatives in Republican primaries.

Roll Call reports that “[s]ome of business’ top targets in 2016 will be right-wing, tea party candidates, the types that have bucked the corporate agenda in Congress.”

The $100 million the Chamber plans to spend this cycle is close to triple the amount the group spent in 2012, when President Obama was running for reelection. In 2014, when the Chamber launched its effort to attack conservatives in primaries, the group spent close to $70 million.

The evolution of the Chamber’s political spending goes a long way to explain the current dysfunction in Washington. The organization will devote $170 million to combat conservatives in primaries and support establishment Republicans in the general, but only around $30 million when Obama is running for reelection. Read More..

The Bankruptcy Of The Planet Accelerates – 24 Nations Are Currently Facing A Debt Crisis.

Posted on October 7th, 2015

Dominoes fallingBy Michael Snyder

There has been so much attention on Greece in recent months, but the truth is that Greece represents only a very tiny fraction of an unprecedented global debt bomb which threatens to explode at any moment.  As you are about to see, there are 24 nations that are currently facing a full-blown debt crisis, and there are 14 more that are rapidly heading toward one. 

Right now, the debt to GDP ratio for the entire planet is up to an all-time record high of 286 percent, and globally there is approximately 200 TRILLION dollars of debt on the books.  That breaks down to about $28,000 of debt for every man, woman and child on the entire planet.  And since close to half of the population of the world lives on less than 10 dollars a day, there is no way that all of this debt can ever be repaid.  The only “solution” under our current system is to kick the can down the road for as long as we can until this colossal debt pyramid finally collapses in upon itself.

As we are seeing in Greece, you can eventually accumulate so much debt that there is literally no way out.  The other European nations are attempting to find a way to give Greece a third bailout, but that is like paying one credit card with another credit card because virtually everyone in Europe is absolutely drowning in debt.

Even if some “permanent solution” could be crafted for Greece, that would only solve a very small fraction of the overall problem that we are facing.  The nations of the world have never been in this much debt before, and it gets worse with each passing day. Read More..

“Uninformed” Hillary Supporters Think A “White Privilege Tax” Is A Good Idea

Posted on October 6th, 2015

WAIMH Red ArrowEDITOR’S COMMENT: What’s truly scary about these comments is that with the huge increase in immigration and the numbers of uninformed citizens continuing to grow sharply, it is possible that this sentiment may eventually dominate among the voters. Not likely, but!

By Steve Watson

Hillary Clinton supporters think that a ‘white privilege tax’ is a real policy, and what’s more they support it, saying that taxing just white people and redistributing the money among minority communities is a good idea.

Political activist Mark Dice went out on the street in San Diego, California to seek out Hillary supporters’ opinions, telling them that Clinton plans on implementing a tax on the income of all Caucasian Americans to help offset income inequality.

“Yeah. I think she should help re-distribute into the minority community.” one woman repeated, after declaring that she trusts in Hillary and trusts in Bill Clinton to be “in her ear”.

“The program is called the white privilege tax?” another woman stated in disbelief before “absolutely” agreeing it should have been implemented years ago. Read More..

Bernanke: Wall Street Execs Should Have Gone to Jail for Crisis

Posted on October 6th, 2015

Mission Impossible by Luojie, China Daily, ChinaEDITOR’S COMMENT: Now, he tells us! Actually, while in office, Bernanke didn’t discourage anyone nor make any effort to hold government employees, bankers & brokers responsible for all the risky lending and government-induced housing financing, both of which helped create the so-called housing bubble. He was clearly not a bystander in this debacle and crisis. And, finally, let me remind you that the Federal reserve only watches out for its various large-bank owners.

By Newsmax

Former Federal Reserve Chairman Ben Bernanke says some Wall Street executives should have gone to jail for their roles in the financial crisis that gripped the country in 2008 and triggered the Great Recession.

Billions of dollars in fines have been levied against major banks and brokerage firms in the wake of the economic meltdown that was in large part triggered by reckless lending and shady securities dealings that blew up a housing bubble.

But in an interview with USA Today published Sunday, Bernanke said he thinks that in addition to the corporations, individuals should have been held more accountable.

“It would have been my preference to have more investigations of individual actions because obviously everything that went wrong or was illegal was done by some individual, not by an abstract firm,” Bernanke said.

Asked if someone should have gone to jail, the former Fed chairman replied, “Yeah, I think so.” He did not, however, name any individual he thought should have been prosecuted. Read More..

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