Search Results for “https:” – Page 1008

Cash airlift helped avert Greek bank run during debt crisis

“Greece’s central bank had billions of euros of banknotes shipped in from other central banks to avert a bank run during the country’s debt crisis as depositors withdrew their money. Fears the debt-laden country might ditch the euro and return to the drachma led Greeks to pull out billions of euros of savings in the last three years, stashing their cash under mattresses or in safe deposit boxes. To meet the high demand for cash, the Bank of Greece had loads of banknotes secretly airshipped from abroad, feeding it to banks throughout the country to avoid shortages that could have intensified worries and set off a bank run.” Continue reading →

Nato commander apologises after troops shoot dead Afghan children

“The area, Lowar-e-Dowahom, was often patrolled by international troops, a spokesman said. ‘They saw two young children who were apparently listening to a radio and they shot them – it is not yet clear why,’ the spokesman said. Australian forces deployed in Uruzgan said earlier there had been an ‘operational incident’ in the province’s northwest but gave no details except that no soldiers were harmed. On 13 February a Nato air strike requested by Afghan forces killed 10 people – including five children and four women – in the eastern province of Kunar, prompting Karzai to ban his troops from requesting foreign air strikes.” Continue reading →

FOLLOW THE MONEY Obama Care Voter Pt. 1

Michigan Citizens “Eternal vigilance is the price of liberty.” – Wendell Phillips, (1811-1884), abolitionist, orator and columnist for The Liberator, in a speech before the Massachusetts Antislavery Society in 1852 1. Always follow the money 2. Voting for Right to Work does NOT give you a pass on other issues. 3.“Pelosi Postion”(pass the …

The Bond Bubble Is About to Burst

“The United States is shown in the following chart. Central banks have aided the government in managing to keep rates low despite big deficits, by buying the debt. Balance sheets of the world’s central banks are growing rapidly to support government deficits while forcing rates to low levels. It is a bubble. When you buy Treasury bonds, you are putting your fate in the hands of the government, expecting it to give back your purchasing power and a reasonable amount of interest to you, in return for the use of your money. I believe we are headed for a serious loss of confidence in the value of the dollar, which will be accompanied by a burst of the Bond Bubble.” Continue reading →

Fed’s Evans: Keep Easing and Economy Will Hit ‘Escape Velocity’ by 2014

“The U.S. economy should emerge from the doldrums next year if the Federal Reserve sticks to its super-easy monetary policies, a top Fed official said on Thursday, even as he warned that cutting back too early would be a ‘big mistake.’ The Fed is buying $45 billion in Treasuries and $40 billion in mortgage bonds per month, its third round of ‘quantitative easing,’ and has said it will continue the purchases until it sees substantial improvement in the labor market outlook. ‘I don’t think we are anywhere near the end of the program,’ Chicago Federal Reserve Bank President Charles Evans told reporters after speaking to the CFA Society of Iowa here.” Continue reading →

Bernanke’s Subsidies: Houses and Cars

“What happens when the Federal Reserve promises to create $1 trillion in fiat money per year, and then starts by buying long-term Treasury bonds and Fannie/Freddie bonds? Interest rates go up. Wait a minute. Weren’t interest rates supposed to go down? Yes, they were. That is what Keynesian economics teaches. Problem: Keynesian economics is wrong. But Bernanke and the FED will move forward, inflating on a scale undreamed of prior to 2008. That is the only trick it has up its collective sleeve. ‘When in doubt, inflate.’ That is alpha and omega. That is the law and the prophets. Lock in that mortgage rate.” Continue reading →

85% Hike in Long-Term Care Insurance Premiums

“So, you think you are going to have long-term care if you need it. You have paid premiums for years. The joke’s on you! The company can get you off its books easily. It just doubles the premium. You go away. Tough luck, sucker!” Continue reading →

Montana House Votes 97-1 to approve anti-NDAA bill

“In a huge win for the Bill of Rights, the Montana House of Representatives overwhelmingly approved a bill to ban indefinite detention in Montana by a vote of 97 to 1. Introduced by state Rep. Nicholas Schwaderer, HB 522 would also ‘prohibit state cooperation with federal officials’ who try to enforce the National Defense Authorization Act (NDAA). The lone no vote was cast by Democrat Bob Mehlhoff. HB 522 previously passed the House Judiciary Committeeunanimously. The bill now heads to the state senate for approval.” Continue reading →