Top French Official Contradicts Kerry on Iran Deal

Posted on August 4th, 2015

Death to America IranBy Josh Rogin

Secretary of State John Kerry has been painting an apocalyptic picture of what would happen if Congress killed the Iran nuclear deal. Among other things, he has warned that “our friends in this effort will desert us.” But the top national security official from one of those nations involved in the negotiations, France, has a totally different view: He told two senior U.S. lawmakers that he thinks a Congressional no vote might actually be helpful.

His analysis is already having an effect on how members of Congress, especially House Democrats, are thinking about the deal.

The French official, Jacques Audibert, is now the senior diplomatic adviser to President Francois Hollande. Before that, as the director general for political affairs in the Foreign Ministry from 2009 to 2014, he led the French diplomatic team in the discussions with Iran and the P5+1 group. Earlier this month, he met with Democrat Loretta Sanchez and Republican Mike Turner, both top members of the House Armed Services Committee, to discuss the Iran deal. The U.S. ambassador to France, Jane Hartley, was also in the room.

According to both lawmakers, Audibert expressed support for the deal overall, but also directly disputed Kerry’s claim that a Congressional rejection of the Iran deal would result in the worst of all worlds, the collapse of sanctions and Iran racing to the bomb without restrictions. Read More..

Why Donald Trump Appeals to Voters

Posted on July 27th, 2015

Trump scares news media press from www.caglecartoons.com # 166603By Michael Bargo, Jr.

Donald Trump has skyrocketed in the polls not because he’s pompous and crude and has a bloated image of himselfHis appeal is to those who know that their government has become pompous and full of itself.  Voters are sick and tired of the lies told to them by government officials, and now that they have to hear it all over again in the 2016 presidential campaign cycle, it’s reached a tipping point. 

Voters are sick of reading how illegal immigrants walk away from five DUI convictions when they know of people who lost their driver’s licenses and paid a heavy price for doing far less.  They are sick of hearing how Hillary Clinton left the White House broke when she set up her husband to earn tens of millions in speeches for favors she gave to international corporations and foreign governments.

The talking heads on TV cable news and those on radio who trash Donald Trump and say he’s unfit to be president are unfit to comment on politics.  They don’t get it.  The big shots on TV news make millions a year and are part of the Washington-New York big government complex.  They are seen as attacking Trump because they don’t want to offend their friends who dine with them at exclusive events paid for by the taxpayers. Read More..

The Big Picture

Posted on July 24th, 2015

Financial Crisis Signpost Showing Recession Speculation Leverage And BubbleBy Peter Schiff, President and CEO Euro Pacific Capital

The past four years or so have been extremely frustrating for investors like me who have structured their portfolios around the belief that the current experiments in central bank stimulus, the anti-business drift in Washington, and America’s  mediocre economy and unresolved debt issues would push down the value of the dollar, push up commodity prices, and favor assets in economies with relatively low debt levels and higher GDP growth. But since the beginning of 2011, the Dow Jones Industrial Average has rallied 67% while the rest of the world has been largely stuck in the mud. This dominance is reminiscent of the four years from the end of 1996 to the end of 2000, when the Dow rallied 54% while overseas markets languished. Although past performance is no guarantee of future results, a casual look back at how the U.S. out-performance trend played out the last time it had occurred should give investors much to think about.

The late 1990s was the original “Goldilocks” era of U.S. economic history, one in which all the inputs seemed to offer investors the best of all possible worlds. The Clinton Administration and the first Republican-controlled Congress in a generation had implemented policies that lowered taxes, eased business conditions, and encouraged business investment. But, more importantly, the Federal Reserve was led by Alan Greenspan, whose efforts to orchestrate smooth sailing on Wall Street led many to dub Mr. Greenspan “The Maestro.”

Towards the end of the 1990’s, Greenspan worked hard to insulate the markets from some of the more negative developments in global finance. These included the Asian Debt Crisis of 1997 and the Russian debt default of 1998. But the most telling policy move of the Greenspan Fed in the late 1990’s was its response to the rapid demise of hedge fund Long term Capital Management (LTCM), whose strategy of heavily leveraged arbitrage backfired spectacularly in 1998. Greenspan engineered a $3.6 billion bailout and forced sale of LTCM to a consortium of Wall Street firms. The intervention was an enormous relief to LTCM shareholders but, more importantly, it provided a precedent that the Fed had Wall Street’s back. Read More..

Surprise! The States Can Reject the Iran Deal

Posted on July 23rd, 2015

DID YOU KNOW? red Rubber Stamp over a white background. BasicEDITOR’S COMMENT: Maybe, there’s hope yet that this Iran deal will not be approved or completed.

By Joel B. Pollak

The Obama administration has sent the Iran nuclear deal to Congress for a 60-day review provided by the Corker bill. However, President Barack Obama has pre-empted Congress by going to the UN Security Council first, which has already voted to end international sanctions and accept the deal. Furthermore, even if Congress rejects the deal, it will struggle to muster a two-thirds majority to override the president’s veto.

There is one effective way, however, that the Iran deal can be rejected: states and local governments can refuse to comply with it.

That may come as a surprise. States and local governments do not play much of a role in foreign policy. However, they cannot be forced to implement an international treaty or agreement that is not self-executing–i.e. one whose implementation requires new congressional laws.

Thanks to the victory at the Supreme Court by then-Texas Solicitor General

Sen. Ted Cruz (R-TX) in Medellín v. Texas (2008), it is a settled principle in constitutional law that states cannot be forced to comply with international treaties unless Congress has passed statutes giving them effect. Read More..

Obama Won’t let Congress See All of Iran Nuclear Deal

Posted on July 23rd, 2015

Accord with IranBy Rick Moran

Two key parts of the Iran nuclear deal will be kept from the prying eyes of Congress.  These “side deals” with Iran involve inspecting a military site long suspected of carrying out nuclear and ballistic missile research and development.

National Review:

Under the terms of the Joint Comprehensive Plan of Action (JCPOA), the International Atomic Energy Agency would negotiate separately with Iran about the inspection of a facility long-suspected of being used to research long-range ballistic missiles and nuclear weapons.

“The Obama administration has failed to make public separate side deals that have been struck for the ‘inspection’ of one of the most important nuclear sites—the Parchin military complex,” said Representative Mike Pompeo (R., Kan.) in a statement Tuesday. “Not only does this violate the Iran Nuclear Agreement Review Act, it is asking Congress to agree to a deal that it cannot review.”

The IAEA has been trying to gain access to the Parchin site since 2005, but Iran has refused, even as it apparently demolished various parts of the complex. “The hardliners do not want to grant any concessions unless Iran is suitably rewarded,” International Institute for Strategic Studies director Mark Fitzpatrick told the BBC in 2014, after reports emerged of explosions at the base.

The terms of the current agreement wouldn’t allow Congress to review any concessions the IAEA makes to get into the site. “Even members of Congress who are sympathetic to this deal cannot and must not accept a deal we aren’t even aware of,” said Pompeo. Read More..

Why Obama and Hillary Must Stop Donald Trump at All Costs

Posted on July 22nd, 2015

A Trump Thumpin PunchBy Wayne Allyn Root

Someone is getting very nervous. Obama. Valerie Jarrett. Eric Holder. Hillary Clinton. Jon Corzine…to name just a few. And I know why.

I wrote a book entitled, “The Murder of the Middle Class”

about the unholy conspiracy between big government, big business and big media. They all benefit by the billions from this partnership and it’s in all of their interests to protect one another. It’s one for all, and all for one.

It’s a heck of a filthy relationship that makes everyone filthy rich. Everyone except the American people. We get ripped off. We’re the patsies.

But for once, the powerful socialist cabal and the corrupt crony capitalists are scared. I’ve never seen them this outraged…this vicious…this motivated…this coordinated. NEVER in all my years in politics, have I seen anything like the way the mad dogs of hell have been unleashed on Donald Trump.

When white extremist David Dukes ran for Governor of Louisiana even he wasn’t treated with this kind of outrage, vitriol and disrespect. When a known fraud, scam artist and tax cheat like Al Sharpton ran for President, I never saw anything remotely close to this. The over-the-top reaction to Trump by politicians of both parties, the media and the biggest corporations of America has been so swift and insanely angry that it suggests they are all threatened and frightened like never before. Read More..

Obama Tells Another ‘Whopper’ — He Did Not Create 12.8 Million Jobs

Posted on July 9th, 2015

Obama Speaking of Jobs CreatedBy David Stockman

America is better off when President Barack Obama is out on the stump bloviating and boasting rather than in Washington actively doing harm.

But the whoppers he just told the students at the University of Wisconsin are beyond the pale.

Said our spinmeister-in-chief:

And the unemployment rate is now down to 5.3 percent. (Applause.) Keep in mind, when I came into office it was hovering around 10 percent. All told, we’ve now seen 64 straight months of private sector job growth, which is a new record — (applause) — new record — 12.8 million new jobs all told.

We are now 29 quarters from the pre-crisis peak and total non-farm labor hours utilized by the U.S. economy are no higher than they were in Q4 2007.

In other words, if you use a common unit of measure — labor hours rather than job slots which treat coal-miners and part-time pizza delivery boys alike — there have been no new units of employment at all. Read More..

Greece Votes NO – Let The Chaos Begin…

Posted on July 6th, 2015

NO signs, NOEDITOR’S COMMENT: Clearly, this is a MUST and THOROUGH READ for those of you, who want to stay informed on the evolving Greece crisis! By the way, that should be everyone, as this is potentially that important!

By Michael Snyder

The result of the referendum in Greece is a great victory for freedom, but it is also threatens to unleash unprecedented economic chaos all across Europe.  It is being reported that approximately 61 percent of Greeks have voted “no” and only about 39 percent of Greeks have voted “yes”.  This is a much larger margin of victory for the “no” side than almost everyone was anticipating, and it represents a stunning rejection of European austerity Massive celebrations have erupted on the streets of Athens and other major Greek cities, but the euphoria may not last long Greek Prime Minister Alexis Tsipras is promising that Greece will be able to stay in the euro, but that gives EU bureaucrats and the IMF a tremendous amount of power, because at this point the Greek government is flat broke.

Without more money from the EU and the IMF, the Greek government will not be able to pay its bills and virtually all Greek banks will inevitably collapse.  Meanwhile, the rest of Europe is about to experience a tremendous amount of pain as financial markets respond to the results of this referendum.  The euro is already plummeting, and most analysts expect European bond yields to soar and European stocks to drop substantially when trading opens on Monday morning. Read More..

Greece Just ‘First Domino to Fall’

Posted on July 6th, 2015

Greek Myth Math from www.caglecartoons.com # 165954By Peter Morici

The troubled euro has always been a bad idea because a single currency just doesn’t make sense for too many European Union countries, says leading economist Peter Morici, a professor at the University of Maryland.

“Europe had a perfectly sound economic community before the Euro,” Morici said

“The Euro is a symbol more than a useful tool and they need to get away from symbols and get back into doing what they need to do. And that is to continue to reform and strengthen their economies. A currency doesn’t do that for them.” Read More..

It’s the Obama Record That O’Malley and Sanders Are Bashing!

Posted on July 2nd, 2015

Better off food stampsBy Silvio Canto, Jr.

Governor O’Malley made it official.  He is in and running for us, as he told the crowd:

Our economic and political system is upside down and backward and it is time to turn it around[.]

Senator Sanders said something similar a few days ago.

Who’s been in the White House for seven years?  Whose stimulus didn’t stimulate?  Whose “shovel ready” jobs weren’t ready after all?  Who promised so much and didn’t deliver? Read More..

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