Welfare-Warfare State

Jim Rogers: Short US Government Bonds ‘Right Now’

"With the Federal Reserve and now Bank of Japan printing massive amounts of money, billionaire investor Jim Rogers told CNBC's 'Closing Bell,' he is shorting U.S. government debt. 'It's all artificial what's going on right now,' Rogers said. 'The Federal Reserve is printing money as fast as they can. The Bank of Japan said 'we're going to print unlimited money.'' He called the Fed's monetary stimulus 'outrageous.' He also likes Russia for the first time in his career. Russia is changing but the market remains unloved. Rogers is buying the bonds, the currency and stocks." Continue reading →

Continue ReadingJim Rogers: Short US Government Bonds ‘Right Now’

Why S&P is in the Crosshairs of the Department of Justice

"It was S&P that took the heat in August of 2011, being first to actually cut the nation's rating to AA+. At the time the Obama administration lashed out at S&P, launching an unprecedented attack, specifically accusing the agency of 'misleading calculations.' Some now speculate that the Obama administration is merely getting revenge on S&P's downgrade by taking legal action against the rating agency. But it is also plausible that the Obama administration made a shrewd political calculation in taking this action. The Obama Justice Department's suit puts Moody's and Fitch on notice that they had better behave." Continue reading →

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Jim Rogers Joins Bill Gross Warning on Treasuries

"Investor Jim Rogers joined Bill Gross, who runs the world’s biggest bond fund, in warning that a rout that sent Treasuries to their biggest loss last month in almost a year probably isn’t over. 'I’m short long-term government bonds,' betting the securities will fall, Rogers, the author of the book 'Street Smarts,' said yesterday on Bloomberg Radio. 'I plan to short more. That bull market, that’s a bubble.' In an interview with Bloomberg News on Oct. 28, 2009, he said Treasuries are the 'next bubble in the making' when yields on the 10-year note were 3.42 percent." Continue reading →

Continue ReadingJim Rogers Joins Bill Gross Warning on Treasuries

Americans Collecting Disability Increased 1,385,418—Now 1 for Each 13 Full-Time Workers

"During President Barack Obama’s first term, the number of Americans collecting federal disability insurance increased by 1,385,418 to a record 8,827,795. As a result, there is now one person collecting disability in this county for every 13 people working full-time. Forty-two years ago, in December 1968, there were 51 people working full-time in this country for each person collecting disability. Back in January 2001, there was one person collecting disability for every 23 full-time workers; by December 2004 there was one person collecting disability for every 19 full-time workers; and by December 2008, there was one person collecting disability for every 16 full-time workers." Continue reading →

Continue ReadingAmericans Collecting Disability Increased 1,385,418—Now 1 for Each 13 Full-Time Workers

What Actually Is or Will Be Obama’s Foreign Policies in the Vampire-Empire?

"What this Meliorism and Empire amount to, beside all their destructive effects, is a big tax on productive working Americans. This tax goes straight into the hands of all those persons, groups, NGOs, government officials, bureaucrats, corporations, armed service personnel, defense companies, armaments manufacturers, electronics developers, planners, aides, rebels, communications people, educators doing studies, advisors, contractors, food suppliers, construction personnel, and on and on who execute or do the actual work of the Empire in these activities and lands." Continue reading →

Continue ReadingWhat Actually Is or Will Be Obama’s Foreign Policies in the Vampire-Empire?

Exposing the Absurdity of Washington’s Anti-Sequester Hysteria

"To save America from the supposedly 'savage' and 'draconian' budget cuts caused by sequestration, President Obama has instead asked Congress to approve an alternative fiscal package containing additional tax increases. So why is the sequester so bad? Does it slash the budget by 50 percent? Does it shut down departments, programs, and agencies? Well, the Congressional Budget Office today released its annual Budget and Economic Outlook, and Tables 1-1 and 1-5 allow us to see the 'brutal' impact of the sequester. As you can see from this chart, the sequester will 'cut' spending so much that the budget will grow by 'only' $2.4 trillion over the next 10 years." Continue reading →

Continue ReadingExposing the Absurdity of Washington’s Anti-Sequester Hysteria

Treasury Surpasses Debt Limit on First Day of Ceiling’s Suspension

"That didn’t take long. The U.S. Treasury quickly surpassed the old debt ceiling as it unwound measures it had used to stay under the legal limit. The daily Treasury statement for Monday, released with the typical one-day lag, shows U.S. debt subject to the statutory limit at $16.435 trillion. That’s over the $16.394 trillion limit that was suspended when President Barack Obama signed new legislation Monday. Treasury had stayed just under that old cap since Dec. 31. A Treasury official Tuesday said the increase reflects the department unwinding measures it took to stay below the limit in the interim. That includes $31 billion getting repaid to federal retirement funds." Continue reading →

Continue ReadingTreasury Surpasses Debt Limit on First Day of Ceiling’s Suspension

FCC chairman developing plan for free wireless Internet access

"The chairman of the Federal Communications Commission (FCC) is developing a set of proposals that would establish a public wifi network that blankets the country with a high powered signal anyone can access for free. Such a sweeping change would be years in the making, but companies lobbying for it say that universal Internet access could spark an explosion of innovation and help usher in a new age of prosperity. Networks of the type FCC Chairman Julius Genachowski is envisioning would enable cars to communicate with one another to avoid accidents, bring millions of new devices online and truly make the Internet an unavoidable, ubiquitous part of everyday life." Continue reading →

Continue ReadingFCC chairman developing plan for free wireless Internet access

Two-thirds of French people agree with labour minister’s statement that country is ‘totally bankrupt’

"Michel Sapin made the gaffe in a radio interview, which left French President Francois Hollande and other ministers racing to undo the potential damage to the country's reputation as a solid economy for investors. It came as several high profile individuals, including the actor Gérard Depardieu, have left the country to avoid punitive taxes. Last week it transpired that Bernard Arnault, France's richest man, had transferred his entire fortune to Belgium, where he hopes to gain citizenship. France last balanced its budget in 1973. State spending accounts for almost 57 per cent of gross domestic product while public debt has now reached 91 per cent of GDP." Continue reading →

Continue ReadingTwo-thirds of French people agree with labour minister’s statement that country is ‘totally bankrupt’

Germany Plans to Deploy Armed Drones

"Bowing to pressure from the German armed forces, the Bundeswehr, the federal government in Berlin is preparing to deploy armed, unmanned drones in foreign conflicts. In an answer to an official query made by the far-left Left Party, the German government wrote that its experience in foreign combat operations has made it clear that reconnaissance vehicles must be armed 'in order to provide protection against sudden and serious changes in the situation.' It went on to say that the weapons boost safety and security through 'credible deterrence,' pointing to the 'Predator' drones used by the United States as a possible model." Continue reading →

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