At the recent G-20 Summit in Scotland the Obama admin attempted to persuade the other eighteen nations to dump the dollar. England agreed. Russia and China in the words of Daniel Estulin said, "go pound sand." The only economic reason to dump dollars would be to drastically cut wages in a foolish attempt to create more jobs. They know that the unemployment rate is not 17.5%. If you take out the fudging factors of the birth death model which assumes that millions of people are working for small businesses, the real unemployment rate is about 2.7% higher which would make it 21.2%.
Since most observers expect unemployment to rise 3 more points, I assume the Obama admin is trying to keep unemployment below 25%. We know these figures are accurate because income tax revenues are tanking. Last month the U.S. borrowed 56 cents of every dollar they spent. And they are talking about spending more money of Afghanistan. It is time that we asked them to justify every dollar spent in Iraq and Afghanistan by cutting a similar amount from domestic spending.
I have posted a series of articles below proving what I am saying is true. The first quotes Daniel Estulin's report from the G-20 Summit. The rest describe their recent behavior. Logicians do argue regressively from our behavior to the premises describing and predicting that behavior.
The world financial markets have concluded that the Obama admin will dump the dollar. That is why gold is skyrocketing. Ernest Hancock noted that in the old days gold went up during Asian trading hours and down during American hours. Now gold only goes up with the exception of profit taking.
If you find all this economic stuff boring you can scroll down until you see the article on Palestinian statehood.
Estulin: After G20, Oligarchs Moving on African Union, Population Reduction In the interview, Estulin discusses the G20's debate on dumping the U.S. dollar which he first revealed would be on the meeting's agenda in a press release last week. He indicates that the matter, although discussed, was rejected . "The American and the British delegations tried to persuade the Russian and the Chinese delegates to devalue the dollar and create a basket of currencies or another world currency to take the place of the dollar," he said. "Luckily, both the Russians and the Chinese told the Americans and the British to go pound sand. They were not willing to do this."
Bernanke's Outlook For Recovery and What It Means For Jobs Besides cutting jobs, many employers have reduced hours for the workers they have retained. For example, the number of part-time workers who report that they want a full-time job but cannot find one has more than doubled since the recession began
Stocks Overvalued, Recession Will Return: Meredith Whitney
Bernanke vs. Meredith Whitney The man that never saw it coming can't see it coming again. Please consider Bernanke Says ‘Not Obvious’ Asset Prices Misaligned ... it’s “not obvious” that asset prices in the U.S. are out of line with underlying values ... The most ridiculous thing Bernanke said was "the Fed is 'attentive' to changes in the dollar’s value and “will help ensure that the dollar is strong.” There is not a person on the planet that believes that.
Video Bernanke: Why are we still listening to this guy?
You Stupid Fool (Bernanke) Bernanke's comments today may have just provoked a dollar catastrophe - a collapse move that may have just begun. Look at Denninger's chart. The dollar started to tank 10 minutes after Bernanke stopped speaking at the New York Economic Club. The markets have figured out thar there is no plan to rescue the dollar, your savings, your pension and your paycheck. It is all down hill from here.
10 States with Underemployment Rates of 20+ Percent. Manufacturing Sector Employs Same Number of Workers that we did in 1940. The average American family must look at the current stock market rally as some kind of cruel joke ... We have nearly 36 million Americans on food stamps and another 27 million unemployed or underemployed ... It is hard to believe in this recovery because the bailout has gone to the financial sector and is reflected in hyper-inflated equity prices ... California recently reported their U-6 rate is now up to 22 percent. Michigan? Their U-6 is now closer to 25 percent. There is nothing remotely close to a recovery in the data above ... we now have the same number of people working in manufacturing as we did back in 1940. One slight difference. The U.S. had 132 million people in 1940 and now we have 307 million
Open Letter To The Chinese Premier From Karl Denninger yesterday afternoon Ben Bernanke gave you the finger, first in his speech and then later in the Q&A ... Donald Kohn, another Fed Governor, erected his middle finger in your direction as well with his comments last night and Yellen added her view this morning in which they also both said "we see no bubble." That's three. How many more times do you need to be flipped off before you get it: The Fed isn't going to do what you want, and neither is Obama ... On the objective measures the price/earnings multiple of the S&P 500 currently stands at over 130, more than double its previous record ... Here's the problem you face Mr. Wen Jaibao, in a nutshell, just to make sure you read it correctly the first time: We're not going to pay.
China questions costs of U.S. healthcare reform Guess what? It turns out the Chinese are kind of curious about how President Barack Obama’s healthcare reform plans would impact America’s huge fiscal deficit. Note: America is currently borrowing 56 cents on every dollar it spends.
US against unilateral Palestinian statehood bid The UN granted the Palestinians statehood 42 years ago. Israel has killed more than 100,000 Palestinians since then. It is past time for a Palestinian state.
Israel-Palestine - A New State Solution Of the 192 member states in the United Nations, as many as 150 would recognize the state of Palestine
ADL covering up for crimes of financial elites The ADL is accusing the New York Times Maureen Dowd of anti-semitism over a recent op-ed titled "Virtuous Bankers? Really!?!" The article about corruption on Wall Street specifically involving Goldman Sachs
Government Is This Public's Enemy! The Government of the United States has been Public Enemy number one, since September 11, 2001. It's the one fact that has eluded far too many people that call themselves Americans, for far too long. This blood-stained truth is also that most-important-piece of the global puzzle that seems to have escaped too many that still believe they are actually political activists.
Money Trickles North as Mexicans Help Relatives Unemployment has hit migrant communities in the United States so hard that a startling new phenomenon has been detected: instead of receiving remittances from relatives in the richest country on earth, some down-and-out Mexican families are scraping together what they can to support their unemployed loved ones in the United States
Tiny Mauritius Tells US To Shove Its Dollar, Buys 2 Metric Tons Of Gold From IMF At $1,115 An Ounce
Neil Barofski's AIG Counterparty Payment Report Released; Demands Federal Reserve Transparency the public is entitled to know what is being done with Government funds. There is also this related story. Geithner Singled Out In TARP Watchdog Neil Barofsky's Scathing Report On AIG Bailout
The destruction of Iraq was for Israel, not oil
Jack Straw Lied To Parliament Jack Straw lied to the parliamentary inquiry into extraordinary rendition
Following Zakheim and Pentagon trillions to Israel and 9-11 Jerry Mazza: Judicial Inc’s bio of Dov (linked below) tells us Zakheim was/is a dual Israeli/American citizen and an ordained rabbi and had been tracking the halls of US government for 25 years, casting defense policy and influence on Presidents Reagan, Clinton, Bush Sr. and Bush Jr. He is, as I described him earlier, the bionic Zionist. In fact, Judicial Inc points out that most of Israel’s armaments were gotten thanks to him. Squads of US F-16 and F-15 were classified military surplus and sold to Israel at a fraction of their value.
Prepare To Pay Back The Tax Credit According to a research report released by the Treasury Department's Inspector General for Tax Administration, over 15 million people may own $250 (and in same cases more than $400) on the tax "credit" received earlier in the year, purely as a function of how the tax break was set up by the IRS.
Bush memos parallel claim 9/11 mastermind’s children were tortured with insects At a military tribunal in 2007, the father of a Guantanamo detainee alleged that Pakistani guards had confessed that American interrogators used ants to coerce the children of alleged 9/11 mastermind Khalid Shaikh Mohammed into revealing their father’s whereabouts. The statement was made by Ali Khan, the father of detainee Majid Khan, who gave a detailed account of his son’s interrogation at the hands of American guards in Pakistan. In his statement, Khan asserted that one of his sons was held at the same place as the young children of Khalid Sheikh Mohammed, the alleged mastermind of the Sept. 11, 2001 attacks. “The Pakistani guards told my son that the boys were kept in a separate area upstairs and were denied food and water by other guards,” the statement read. “They were also mentally tortured by having ants or other creatures put on their legs to scare them and get them to say where their father was hiding.” (A pdf transcript is available here)
Some Fear Bush Administration Could Become Target in 9/11 Trial That is what I had been hoping for.
Israel Has Already Lost
Worldwide Corporate Control of Agriculture: The New Farm Owners
Editorial Cartoon: Obama ponders digging a hole in Afghanistan
Missing Iranian General Found In Israel An Iranian general who disappeared in Turkey two years ago amid media claims of defection is being held inside a jail in “Israel”, several newspapers reported on Monday.
Army tells its soldiers to 'bribe' the Taleban. British forces are being told to buy off potential recruits with 'bags of gold'
WSJ: Patterns Suggest Gold Will Keep Climbing The gold cash market is in a very strong bull market, and two major continuation patterns are evident on the gold charts which highlight scope for a move ultimately up to the $1300.00 to $1325.00 area.
100 new militia groups since Obama elected : People are PISSED! Bullet sales in America have dropped down to one billion a month. If you consider all of the 'militias of one' (leaderless resistance)...
then you could put the number of new 'militias' in the millions.
Recession Teaching Folks To Be 'Frugal Forever' According to a survey by Parade Magazine, 50 percent say they're having trouble paying their mortgage, and 80 percent are finding ways to do more with less.
Exclusive: Jobs 'Saved or Created' in Congressional Districts That Don't Exist
VIOLENT VIDEO GAMES CAN INCREASE AGGRESSION
Video: (Al Gore) The 12 Days Of Global Warming
Another Abu Ghraib? Iraqis Abused by UK Occupation Troops The 23-year-old man said he was beaten and sexually abused and flown to a British detention centre in southern Iraq
Christians In Jerusalem Want Jews To Stop Spitting On Them
Gun sales shoot up amid America’s fear of rising crime and terrorism the FBI carried out more than a million background checks on behalf of gun dealers in September (a check is required with every sale), an increase of 12.4 per cent on the same period in the previous year
The Worst is yet to Come: Unemployed Americans Should Hunker Down for More Job Losses Also, remember: The last recession ended in November 2001, but job losses continued for more than a year and half until June of 2003; ditto for the 1990-91 recession.
Video (Black Woman) Reporter Violated by Obama Security Without Reason. Reporter for the Georgia Insider, Pastor of a Church in Ga, was manhandled by Obama security, who tried to force her into a the back of a vehicle..
Gold... Do We Finally Have Your Attention?
Hoffman 'unconcedes' in N.Y.-23 House race If he didn't have a Jewish last name , he might have won despite his opponent's lies about his positions.
War threat between Venezuela and Colombia increases
Fluoridation Increases Infant Death Rates Fluoridation causes more premature births, one of the top causes of infant death in the USA. It poses the greatest risk to poor non-white mothers and babies.
2100 ATMS in 280 Cities, 3 Continents Drained of $9 Million Cash “Nearly Simultaneously” The FBI is calling the global ATM caper a “highly sophisticated and cleverly orchestrated crime plot”. You think?
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