legislate a demand on future presidents to bring America in line with UN mandates on percentage of national GDP given to fight global poverty.
^
Interesting, Obama and Democrats have also deliberately made the US GDP worse, no one can or wants to do business here
It’s also been our economic superiority.
^
Production is moving somewhere else because US tax and regulation is unfavorable to business under Obama/Democrats
He hates America that much. That is why he will have to be stopped some how.
I added my sig in January. Yep.
"A fool and his money . . . "
George Soros proclaimed to the world, “I have made rejection of the Bush doctrine the central project of my life.”
*****
Before last year, did anyone ever use the term “Bush Doctrine” other than Soros, Krauthammer and Chuck Gibson?
Hmmm...
I think Soros is a greater danger to the continued existence of our Republic than any terrorist group even if the terrorists have nuclear weapons.
George Soros wins, right? There was NEVER a possibility that there would be a compromise with George W. Bush. This is the way of tyrants, the more so, because George Soros was never elected to ANYTHING. He has flagrantly broken the law in financial matters in a number of jurisdictions around the world, and he is still wanted in France for stock market trading violations. Single-handedly, he led an assault on the British pound, through forced fluctuations in which the value of the pound was artificially forced down, and that was WITHOUT the active participation of the British government in the scheme.
He is doing the same thing to the US dollar, this time with the full and active assistance of the current regime in the White House, and with knowledgable persons in the House and Senate.
The wave was started with the insertion into the economic and financial trade circles of poorly funded and non-performing loans along with good solidly funded instruments that WERE on a steady yielding basis. Like a rotten aple in a barrel, the corrupted loans poisoned and destroyed the value of the large packages in which they were sold as a part of a much larger package.
The sensible thing, when this was discovered, would have been to buy out these non-performing loans, and dealt with them separately and decisively, foreclosing and liquidating with all deliberate speed. But there was such an overwhelming number, the “conventional wisdom” was to leave them in place, and do nothing.
This started to break some of the smaller banks, that had bought up these mortgages in the secondary market on good faith, only to see this rock turn to sand. The guarantors of these failed loans, Fannie Mae and Freddie Mac, were extended beyond their scope, and in a logical and sensible business world, SHOULD have gone bankrupt and been themselves liquidated. But these were New Deal programs or descendants of those programs, therefore sacred, and had to be rescued at any cost.
But this in itself, was not the tipping point. A sudden run-up in the price of crude oil (suspicion that again George Soros and others in consortium had bought huge numbers of futures, artificially skewing the market), and all sources of energy, in the summer of 2008, coupled with the restrictions on extracting and refining those sources of energy, drove the price to consumers to the breaking point. Suddenly, a lot of previously only marginal real estate mortgages went belly up, and into foreclosure in unprecedented numbers, as people began losing their employment due to the energy price shock, causing manufacturing and processing industries to scale back, or even close their doors altogether.
Business credit dried up, as all the resources were being thrown into rescuing these financial institutions which were hemorrhaging cash, finally turning to the Federal government for bail-out. An apparently little-known fact, the US government was nearly broke themselves, but they had a little trick up their sleeves - they could print money, unlike other less fortunate entities. Of course, this only works in the short term, but once the cash starts to flood out, the impulse is to use this strategy more and more.
Until we have the situation that now exists in Zimbabwe, where the surest way to decrease the value of perfectly good paper is to use it to print more currency.
The dollar is headed for its most drastic and severe depreciation since the start of the Great Depression, when overnight, the value of an ounce of gold, which had been $20 an ounce, shot up to $35 an ounce. Coupled with that was an Executive Order signed by FDR, that it was now illegal for US citizens to own gold (with certain small exceptions), all gold bullion and coins had to be turned in, and no claims in gold would be paid out by the US Treasury except to foreign holders of debt against the government or other US entities. I believe this restriction was ended by 1975, but only AFTER silver, the other currency reserve, had been effectively demonetized in 1964.
Now the dollar is worth whatever the Federal Reserve says it is worth, unless natural trading forces enter into the exchange, which make the dollar a commodity like anything else. If people do not trust the future value of the dollar, they will dump them, sometimes at a large discount, which has the effect of cheapening the dollar’s buying power.
China is very nervous today. They have a lot of dollars in their trading accounts, and nobody seems to want them.
The flames continue to consume. And this regime, with the help of George Soros, has chosen to spray gasoline on that fire.
George Soros backed Obama because he knew a man with no experience and a huge ego was easy to adapt to his desires.
He took a racist bigot and turned him into a bigot with power.
We can take that power away if we can get enough Republicans elected in 2010. It’s our last chance.
Ping...Ties it all together nicely.
FYI