Category: Monetary Policy


Bill Gates’ Tech Worker Fantasy

 

 

” Business executives and politicians endlessly complain that there is a “shortage” of qualified Americans and that the U.S. must admit more high-skilled guest workers to fill jobs in STEM fields: science, technology, engineering and math. This claim is echoed by everyone from President Obama and Rupert Murdoch to Mark Zuckerberg and Bill Gates.

  Yet within the past month, two odd things occurred: Census reported that only one in four STEM degree holders is in a STEM job, and Microsoft announced plans to downsize its workforce by 18,000 jobs. Even so, the House is considering legislation that, like the Senate immigration bill before it, would increase to unprecedented levels the supply of high-skill guest workers and automatic green cards to foreign STEM students.

  As longtime researchers of the STEM workforce and immigration who have separately done in-depth analyses on these issues, and having no self-interest in the outcomes of the legislative debate, we feel compelled to report that none of us has been able to find any credible evidence to support the IT industry’s assertions of labor shortages.”

 

Read more at USA Today

 

 

 

 

 

 

 

 

 

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Congress Brings Socialism To America With This Proposed Law

 

 

 

” Sadly today I am reporting to you yet another development that seems as if we are all living within the pages of Ayn Rand’s seminal work Atlas Shrugged.

  You may recall from the book that John Galt, the enigmatic protagonist, started off as a young engineer at the Twentieth Century Motor Company.

  When the owner of the company died, the heirs decided to run the business according to the new enlightened principles of the time.

  Primarily, they let all the workers vote on how the factory was supposed to be run and how much everyone should be compensated.

  And it was soon decided that “everybody in the factory would work according to his ability, but would be paid according to his needs.”

  Naturally, bright hard-working employees soon left; they found themselves working around the clock for the benefit of others who felt entitled to contribute as little as possible.

  John Galt was among the first out the door.

  And not long after, the once successful company went bust. No surprise.

  Unfortunately this is no longer fiction. Because in the Land of the Free, the United States Congress is striving to make Atlas Shrugged a reality.

  Their latest brainchild is to set up a new government bank, stuff it full of taxpayer funds, and loan the money to American workers for the exclusive purpose to help them form collectives and buy the companies they work for.

  It’s called the United States Employee Ownership Bank Act.

  And, straight from the bill, they aim to provide “loan guarantees, direct loans, and technical assistance to employees to buy their own companies. . .”

 

Read the rest at Zero Hedge

 

 

 

 

 

 

 

 

 

L.A. Gets Snarky About Obama Traffic Delays: #ThanksObama

 

 

#ThanksObama

 

 

 

 

” President Obama may rake in the money from fawning donors during his two-day fundraising sweep through Los Angeles this week, but he’s not winning any fans among commuters who, as they do, take to social media to vent.

“ Obama is visiting Los Angeles today which means I won’t be home till around 7:30pm due to traffic delays. #SMH” tweeted Twitter user West Coastin’.

  Obama’s L.A. visit, scheduled to start Wednesday afternoon, means traffic headaches for commuters in West Hollywood, downtown, Mid-Wilshire, Exposition Park, Pacific Palisades and Brentwood, among other areas.

“ If you’re on the Westside today … don’t get trapped in traffic. Obama’s a’comin!” said Twitter user Byrd. “

 

 

 

LA Times has more and be sure to visit #ThanksObama at Twitter

 

 

 

 

 

 

 

 

 

 

 

Ex-Planned Parenthood Director: They Told Me Every Baby Killed in Abortion Made Them $313.29

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” In a new expose’ video released today, a former Planned Parenthood abortion clinic director says Planned Parenthood put a price on the value of a human life: $313.29.

  That’s the amount of money Abby Johnson says the Planned Parenthood abortion clinic she ran in south Texas would make every time it would kill a baby in an abortion. Johnson, who is now pro-life, released a video this morning exposing the abortion quotas that take place at Planned Parenthood.

  Johnson says her supervisor informed her that her clinic needed to double the number of abortions it was doing and that it should be killing 1,135 babies per year to make the financial goals set up for her clinic by Planned Parenthood’s head honchos.

“This was bothersome to me as I truly believed that our goal was to reduce the number of abortions…after all, that’s what we always said to the media,” Johnson said. “When I voiced my concerns to my supervisor, she laughed and said, ‘But Abby, abortion is how we make our money.’” “

Life News

Fed Appeals Court Panel Says Most Obamacare Subsidies Illegal

 

 

Obamacare Subsidies Illegal

 

 

 

” In a potentially crippling blow to Obamacare, a federal appeals court panel declared Tuesday that government subsidies worth billions of dollars that helped 4.7 million people buy insurance on HealthCare.gov are illegal.

  The 2-1 ruling said such subsidies can be granted only to people who bought insurance in an Obamacare exchange run by an individual state or the District of Columbia—not on the federally run exchange HealthCare.gov. The ruling relied on a close reading of the Affordable Care Act.”

 

 

 

CNBC can find no way to spin this crushing blow to Obamacare …

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Billionaire Warns: Yellen Collapse ‘Will Be Unlike Any Other’

 

 

 

 

” Another horrific stock market crash is coming, and the next bust will be “unlike any other” we have seen.

  That’s the message from Jeremy Grantham, co-founder and chief investment strategist of GMO, a Boston-based firm with $117 billion in assets under management. 

  Grantham pulls no punches when assigning responsibility for the coming financial carnage. In a recent interview with The New York Times, he calls Federal Reserve Chair Janet Yellen “ignorant” and says the Federal Reserve all but killed the economic recovery

  Grimly, he adds, “We have never had this before. It’s going to be very painful for investors.” 

  Grantham isn’t the only one worried about a market collapse. 

“ We have no right to be surprised by a severe and imminent stock market crash,” explains Mark Spitznagel, a hedge fund manager who is notorious for his hugely profitable billion-dollar bet on the 2008 crisis. “In fact, we must absolutely expect it.” 

  Billion-dollar investor Warren Buffett is rumored to be preparing for a crash as well. The “Warren Buffett Indicator,” also known as the “Total-Market-Cap to GDP Ratio,” is breaching sell-alert status and a collapse may happen at any moment. “

 

 

Money News

 

 

 

 

 

 

 

 

 

 

Crossings Trigger Anti-Immigration Rallies

 

 

 

 

” The influx of thousands of Central Americans into the U.S. has energized anti-illegal immigration activists who organized rallies across the country in recent days.

How can we afford to take care of other countries’ poor? Americans are going hungry without jobs and no one is attending to them,” said Herbert Baker, a chiropractor standing atop a highway overpass in Los Angeles hoisting an American flag and a sign that read “Stop Illegal Immigration.”

The Los Angeles protest was among 40 in southern California and hundreds held in the U.S., part of a national call for a crackdown on illegal immigration coordinated by a coalition of anti-illegal immigrant groups. Some rallies, including those in Little Rock, Ark., Dallas and Philadelphia, drew counter protesters.”

 

 

    In typical Obama/Liberal fashion the “answer” lies in spending … spending money that we don’t have to care for people we didn’t invite … Money that our veterans don’t get , only potential democratic constituents need apply … Corruption everywhere you look from our “most open , honest and transparent” administration .

 

 

” President Obama has asked Congress for $3.7 billion in emergency spending to respond to the crisis and lawmakers are weighing whether to amend a 2008 law to expedite deportations. The House and Senate are moving forward on separate bills with no clear deal in sight. On Friday, Mr. Obama is scheduled to meet at the White House with the presidents of Honduras, Guatemala and El Salvador to discuss ways to stanch the flow.

  In Texas’ Rio Grande Valley, the main entry point, federal officials and aid workers have reported that fewer than 100 minors a day were apprehended by border agents last week, compared with as many as 300 a day recently.”

 

Wall Street Journal

 

 

 

 

 

 

 

 

 

 

 

Electorate Awakens: Obama Gas And Mortgage Groupie Now Says He Lied About Everything

    Everyone remembers this viral video of Florida mother Peggy Joseph voicing her unqualified support for Santa Obama , the candidate that will pay her mortgage and put gas in her car , but just in case you’ve forgotten just how enthusiastic the woman was here is the video again …

 

 

 

   Fast forward six years and Ms Joseph is whistling a different tune . Documentary filmmaker Joel Gilbert located Peggy as part of his latest project “There’s No Place Like Utopia” and here is what she has to say after six years of “Hope & Change”.

 

 

 

 

” Remember that South Florida woman who had her fifteen minutes of fame claiming Obama would pay for her mortgage and gas?

  Before the 2008 election, she was filmed saying “I won’t have to worry about putting gas in my car, I won’t have to worry about paying my mortgage. If I help him, he’s going to help me!”

  Well, documentary filmmaker Joel Gilbert tracked down Peggy Joseph to see how all that hope and change is working out for her and six years later, she’s had a complete change of heart. After living through Obama’s failed economic policies, she now says “he lied about everything.” “

 

Read the rest

 

 

 

 

 

 

 

 

 

 

 

Why You Feel Poorer

 

 

costoflivingxpenses-7-1-14

 

 

 

 

” You feel poorer because you are poorer.

  In the last fourteen years, has your income increased over 50%? If you think it has, has it done so after taxes? Even if it has, you likely have not kept up in terms of inflation.

  If you are a retiree, living on fixed income, a pension or bonds, you certainly have become poorer. If you had bought the Dow-Jones on 12/31/1999 you would have entered at about 11,500. It closed last week at less than 17,100. That would have been an appreciation of 6,600, better than 50%. But, of course, that was before taxes.

  As a retiree, you have seen your purchasing power stolen by Fed policies. Whether you invested in fixed income or equities, you lost ground. Anyone in that position has seen their lives become poorer despite a lifetime of successful work and careful financial planning.”

 

 

    As it stands now , no matter how hard you work and save , you’ll never get ahead , not with the present monetary policies put in place at the behest of the Fed and the government . The authorities are systematically destroying all that the American public has worked so hard to attain . The American dream is not being killed by China … It is a victim of filicide

 

 

” For those still working, most are losing purchasing power each year. Wages are not keeping up with inflation, even the understated numbers reported by government. In short, the decline of a once-great economic power is well underway. The country is no longer growing enough to raise everyone’s standard of living.

  Government has killed the golden goose and in an attempt to hide the obvious is debauching the dollars. Government tries to hide their own failure with phony statistics and a welfare state designed to placate the masses. Bread and circuses are deceptions not progress.”

 

 

Read the rest

 

 

 

 

 

 

Martin Armstrong Warns Civil Unrest Is Rising Everywhere: “This Won’t End Pretty”

 

 

 

 

 

” The greatest problem we have is misinformation. People simply do not comprehend why and how the economic policies of the post-war era are imploding. This whole agenda of socialism has sold a Utopian idea that the State is there for the people yet it is run by lawyers following their own self-interest. The pensions created for those in government drive the cost of government up exponentially with time. The political forces blame the rich and this merely creates a class warfare with no resolution for the future. Even confiscating all the wealth of the so-called rich will not sustain the system. Consequently, we just have to crash and burn and start all over again.

  The exploitation by the bankers has been really a disaster. They have been their own worst enemy and in the end, they have become the symbol that inspires class warfare if not revolution. They are not the representatives of those who produce jobs. They are merely those who wanted to trade with other people’s money for free. When they win, it is their’s, but any losses are passed to the taxpayers. Bankers should be bankers – not hedge fund managers who keep 100% of the profits using other people’s savings.

 

 

For those who think the beginning was rough , just wait for the conclusion , It will be worse , much worse …

 

 

The solutions from politics will always be the same – grab more power. We are in a downward spiral of liberty and how far we go down this path to the future will be determined by the people and if they at least wise up and see this is not class warfare, it is the people against government. This is why I say career politicians are dangerous for they can be bought way too easily as Clinton was to open the flood gates for the bankers.

  This is not going to end pretty. The question is when does society wake up? Just how high will this price be that we have to pay? They will blame the rich and the idiots will cheer – get them. What will happen when there is no more wealth to hunt? We end up with a communist state by default – no wealth, just career politicians who blame everyone but themselves.”

 

Zero Hedge

 

 

 

 

 

 

 

 

Christine Lagarde – The Most Dangerous Woman In The World

 

 

 

 

 

” I have gone on record that the most dangerous organization is the now French led IMF with Christine Lagarde at the helm, which has presented a concept report that debt cuts for over-indebted states are uncompromising and are to be performed more effectively in the future by defaulting on retirement accounts held in life insurance, mutual funds and other types of pension schemes, or arbitrarily extending debt perpetually so you cannot redeem. Yes you read correctly, The new IMF paper is described in great detail exactly how to now allow the private sector, which has invested in government bonds,  to be expropriated to pay for the national debts of the socialist governments.

  I have been warning that there is an idea that has been running around behind the curtain that the national debt of the USA could be settled by usurping all pension funds in the country. Here is a remarkable blueprint that throws all previous considerations concerning the purchase of government bonds over the cliff. The IMF working paper from December 2013 states boldly:

 

“ The distinction between external debt and domestic debt can be quite important. Domestic debt issued in domestic currency typically offers a far wider range of partial default options than does foreign currency–denominated external debt. Financial repression has already been mentioned; governments can stuff debt into local pension funds and insurance companies, forcing them through regulation to accept far lower rates of return than they might otherwise demand.”

  People are blind. They think this is authorization to go get the rich. They are going after everyone for the “rich” are tiny players in the game. People do not want to hear that. They want to think the rich can pay the bills for everyone else. That is not practical and even Julius Caesar recognized that they may be a small group, but they are the engine of the economy that creates jobs. It would have been popular for him to wipe out all the rich who he was against. But in the end, he had to solve the debt crisis by simply retroactively attribute all interest to capital in order to solve the debt crisis that led to the first civil war.”

 

Armstrong Economics

 

 

 

 

 

 

 

 

 

 

Are The Clintons In The Top 1% Of The Top 1%?

 

 

 

” Live by the class-warfare sword, die by the class-warfare sword. The One Percenter argument that effectively painted Mitt Romney in 2012 as an out-of-touch patrician in a nation full of populists has boomeranged on Bill and Hillary Clinton in 2014, thanks in large part to Hillary’s own declarations of poverty and struggle. With Democrats paving the way two years ago to attacks on wealth, the Wall Street Journal’s Tim Hanrahan looks at financial disclosures and other public records and concludes that the Clintons aren’t just One Percenters — they’re among the top One Percent of the One Percenters:

  The nationwide level to make the top 1% of households in 2012 was $567,719, according to the nonpartisan Tax Policy Center,  a joint venture of the Brookings Institution and the Urban Institute. And the level for the top 0.1% was about $2.9 million, a bar the Clintons easily surpassed.

  The Tax Policy Center data stop there, at the top 0.1% — or the top 10% of the top 1% of Americans.

  Did the Clintons reach the top 1% of the top 1%, based on their 2012 income? A different measure offers a strong clue. The Tax Policy Center says that IRS data for 2011, the most recent numbers available, show 11,500 total tax returns with adjusted gross income over $10 million that year, out of 145 million total returns. So a $10 million adjusted gross income puts one in the top 0.007% of all tax returns, and the Clintons’ income was well above that — likely putting it into the top 1% of the 1%.

  The AP noted yesterday that the last public disclosure of the Clinton’s net worth was in 2012, when it ranged from $5 million to $25 million. That’s not exactly hereditary peerage level, but it’s far from “not truly well off,” let alone “struggling.” That’s apart from their earnings, which have surpassed the nine-figure mark over the last thirteen years; Bill Clinton by himself has made over $100 million just in speeches. Every speech either gives can be measured in multiples of annual average household incomes for Americans. For instance, two speeches at UCLA brought in more than 10 times the annual US household income, the Washington Post reported yesterday: “

 

 

Continued at Hot Air

 

 

 

 

 

 

 

 

 

 

 

Trey Gowdy’s Not Having It: IRS Head Gets Cute About ‘Lost’ Emails & Has the Grin Wiped Off His Face

 

 

 

 

 

” During a rare Monday night hearing, House Republicans hammered embattled IRS commissioner John Koskinen over the “lost” Lois Lerner emails and over his continued insistence that there was no criminal wrongdoing in their coincidental disappearance.

  While, as to be expected, Rep. Trey Gowdy (R-SC) repeatedly challenged Koskinen, for instance, when he demanded that he cite a particular statute or statutes (law, viz.) on which to base his claim that no criminal wrongdoing occurred. When the commissioner replied, “you can rely on common sense,” Gowdy went off:

“ Common sense? Instead of a criminal code, you wanna rely on common sense? You can shake your head all you want to commissioner; you have said today that there’s no evidence of criminal wrongdoing and I’m asking you what criminal statutes you have reviewed to reach that conclusion?”

  Koskinen finally conceded: “I have reviewed no criminal statutes.”

  Ironically, the commissioner also insisted that outdated technology was to blame and that it would cost the IRS $10-30 million to update its systems.

  In response, Rep. Scott DesJarlais (R-TN) reminded Koskinen that the IRS paid $89 million in bonuses last year, including $1 million to employees who owed back taxes. Not a good day for the defiant commissioner of the IRS.”

 

 

     John Koskinen is the epitome of the smug , arrogant , elitist bureaucrat . It is a pleasure to see him squirm under the wrathful ire of Rep Gowdy even though there seems to be no new info forthcoming from any of these hearings .

 

 

 

Independent Journal Review

 

 

 

 

 

 

 

 

 

 

Clinton: I’m Not ‘Truly Well Off’

 

 

 

 

 

 

” Hillary Clinton, who has a net worth upwards of $50 million, said in an interview that she is “unlike a lot of people who are truly well off.”

  Clinton was derided for comments made last week that her family was “dead broke” when it left the White House in 2000 although they were far from the poverty line. Bill and Hillary Clinton have reportedly made more than $100 million since leaving the White House.

  But Hillary, who charges a six figure speaking fee, says with a burst of laughter that she is not “truly well off” and that her wealth is the result of “hard work,” according to The Guardian.”

 

If $100 million income doesn’t qualify as “well off” what does Hillary ?

Free Beacon

 

 

 

 

 

 

 

 

 

 

The Kronies: Laughing All The Way To The Export-Import Bank

 

 

 

 

Published on Jun 16, 2014

” Get Konnected at http://thekronies.com/

  In this very special episode of “The Less You Know”, Johnny and Bobby learn a valuable lesson about campaign finance. 

  With a crucial re-authorization vote looming, the Representatives must decide whether or not to support the U.S. Export-Import Bank. Johnny and Bobby nearly make a terrible mistake, one that could endanger their political careers! 

  Luckily, Bankor and Ariel Stryker appear just in time to set the Reps straight…straight on the path to re-election. Including a special appearance by “the Big man” himself, this episode is sure to capture hearts, minds, and votes.”

 

 

 

 

 

 

 

 

 

 

 

 

 

VIDEO: College Students Asked To Help Get Hillary Out Of Debt; Their Reactions Are A Must Watch

 

 

 

 

” Hillary Clinton cried ‘woe is me’ as she lamented on the ‘fact’ that she and her husband Bill were not only dead broke when they left the White House, they were also, according to Hillary, in debt. Given the fact that they lived in the White House for 8 years with nearly all of their expenses paid, many have found that supposed fact that Hillary is trying to sell to be simple not believable. In addition, the fact that Hillary received an $8 million signing bonus for her memoirs soon after they left the White House makes her claim even more laughable.

  Charging $200,000 per speech, Bill and Hillary Clinton have raked in the dough to help pay for the houses that Hillary claims they struggled to afford. They have supposedly made over $100 million since they left the White House. 

  Caleb Bonham, from Campus Reform, ventured onto the Georgetown Campus in Washington, DC to collect donations from students for the “Hillary Clinton Fund for Broke Politicians.” The reactions from the students are quite funny and some of them have some choice words that address Hillary’s claim. The fund received a whopping $5.62 in total donations which, Campus Reform says, was sent to the Clintons posh residence in D.C.”

 

Many thanks to TPNN  , and be sure to check out the comments at Youtube , they’re hysterical .

 

 

 

 

 

 

 

 

 

 

 

IMF Slashes Estimate For US Economic Growth In 2014

 

 

 

 

 

” The International Monetary Fund slashed its forecast for US economic growth on Monday, citing a harsh winter, problems in the housing market and weak international demand for the country’s products.

  In its annual review of the US economy, the IMF cut its growth forecast by 0.8 percentage points to 2%. At a press conference IMF managing director Christine Lagarde blamed the bad winter for much of the cut and said the setback should be temporary. But she warned: “Growth in and of itself will not be enough.”

  As part of a series of reforms the IMF has called for an increase in the minimum wages in the US, currently the lowest when compared to the average wage in any of the Organisation for Economic Co-operation and Development (OECD)’s 34 countries.

  She said the number of long-term unemployed, 3.4 million in May according to the Department of Labor, remained too high and the percentage of people in or actively looking for work, the so-called participation rate, remained too low.”

 

 

 

    While acknowledging the impact that our huge unemployment rate is playing in the lack of recovery , Ms Lagarde proceeds to lecture the US on the need to hike the minimum wagethat will spur employment , yeah , right . Their second recommendation is the other tried and true Statist “recovery tool” … government stimulus

 

” The IMF believes the US also needs to do more to mitigate the impact of its aging population and to stimulate productivity. The best option would be for government to boost spending, notably on infrastructure, the IMF said.”

 

 

 

The Guardian has more

 

 

 

 

 

 

 

 

“Liquidity Is Becoming A Serious Issue” As Japan’s Bond Market Death Goes Global

 

 

 

 

 

” While we noted last week the death of the Japanese bond market as government intervention has killed the largest bond market in the world; it is now becoming increasingly clear that the dearth of trading volumes is not only spreading to equity markets but also to all major global markets asinvestors rotate to derivatives in order to find any liquidity. Central planners removal of increasing amounts of assets from the capital markets (bonds and now we find out stocks), thus reducing collateral availability, leaves traders lamenting “liquidity is becoming a serious issue.” While there are ‘trade-less’ sessions now in Japanese bonds, the lack of liquidity is becoming a growing problem in US Treasuries (where the Fed owns 1/3rd of the market) and Europe where as JPMorgan warns, “some of this liquidity may be more superficial than really deep.” The instability this lack of liquidity creates is extremely worrisome and likely another reason the Fed wants to Taper asap as DoubleLine warns, this is “the sort of thing that rears its ugly head when it is least welcome — when it’s the greatest problem.”

As Bloomberg reports,

Japan’s bond market is dead… and so is its stock and FX markets…

 

  The Bank of Japan’s unprecedented asset purchase program has released a creeping paralysis that is freezing government bond trading, constricting the yen to the tightest range on record and braking stock-market activity.

“ All the markets have been quiet,” said Daisuke Uno, the Tokyo-based chief strategist at Sumitomo Mitsui Banking Corp. “We’ve already seen the BOJ dominance of JGBs since last year, but recently participants in currency and stock markets are also decreasing as those assets have traded in narrow ranges.”

“ The flows on both the buying side and selling side continue to fall,” said Takehito Yoshino, the chief fund manager at Mizuho Trust & Banking Co., a unit of Japan’s third-biggest financial group by market value. “Falling volatility is a very serious problem for traders and dealers who are unable to get capital gains.”

The effects of the plunge in Japan’s bond market is hardly limited to the land of the Rising Sun …

The US is getting that way as the Fed owns one third of the market…

 

” And with that not only have the central planners broken the largest and historically most liquid markets in the world but have forced investors into leveraged derivatives positions (in order to find liquidity for their exposure-seeking) which themselves are entirely over-promise (relative to the underlyings) and under-collateralized with any quality collateral. As we concluded previously

 
 

  Assume tomorrow the real black swan appears and all the liabilities: traditional and shadow, promptly demand collateral delivery. Well, the $11 trillion shortage would mean that risk values of, for example the S&P, would be haircut by a factor of, say, 75%. Or back to the proverbial 400 on the S&P500.

  Still think owning real high quality collateral, not of the paper but of the hard asset variety such as gold, is a naive proposition, best reserved for fringe lunatic, tin foil hatters and gold bugs?

Go ahead then: sell yours. “

 

 

 

Continue reading at Zero Hedge

 

 

 

 

 

 

 

 

 

 

 

Iraq Crisis: Baghdad Prepares For The Worst As Islamist Militants Vow To Capture The Capital

 

 

 

 

 

 

” Iraq is breaking up. The Kurds have taken the northern oil city of Kirkuk that they have long claimed as their capital. Sunni fundamentalist fighters vow to capture Baghdad and the Shia holy cities further south.

  Government rule over the Sunni Arab heartlands of north and central Iraq is evaporating as its 900,000-strong army disintegrates. Government aircraft have fired missiles at insurgent targets in Mosul, captured by Isis on Monday, but the Iraqi army has otherwise shown no sign of launching a counter-attack.

  The nine-year Shia dominance over Iraq, established after the US, Britain and other allies overthrew Saddam Hussein, may be coming to an end. The Shia may continue to hold the capital and the Shia-majority provinces further south, but they will have great difficulty in re-establishing their authority over Sunni provinces from which their army has fled.

  It is unlikely that the Kurds will give up Kirkuk. “The whole of Kirkuk has fallen into the hands of peshmerga [Kurdish soldiers],” said the peshmerga spokesman Jabbar Yawar. “No Iraqi army remains in Kirkuk.”

  Foreign intervention is more likely to come from Iran than the US. The Iranian President Hassan Rouhani said that Iran would act to combat “the violence and terrorism” of Isis”. Iran emerged as the most influential foreign power in Baghdad after 2003. As a fellow Shia-majority state, Iraq matters even more to Iran than Syria.”

 

The Independent

 

 

 

 

 

 

 

 

 

 

Courtesy Of Allen West

 

 

 

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     With two book deals worth a combined $18 million , two homes worth a combined $4.55 million , Bill hauling in nearly $10 million in speaking fees and Hillary’s $145,000 annual Senate salary we all should be so “dead broke” . 

   Spoken like a true 1%er …

 

 

 

 

 

 

 

 

 

 

 

Elites Beware: Eric Cantor’s Defeat May Signal A Populist Revolution

 

 

 

 

” Expecting House Majority Leader Eric Cantor to win his GOP primary in Virginia, I spent Election Day in Pennsylvania – interviewing angry Republicans, Democrats and independents about the rise of political populism.

  I was in the wrong state, but I had the right topic. Cantor’s defeat has less to do with immigration reform than it does with an uneven movement that should frighten conservative and liberal political elites to their shallow cores.

  Americans see a grim future for themselves, their children and their country.  They believe their political leaders are selfish, greedy and short-sighted – unable and/or unwilling to shield most people from wrenching economic and social change. For many, the Republican Party is becoming too extreme, while the Democratic Party – specifically President Obama – raised and dashed their hopes for true reform.”

 

 

 

   Only someone who has lived in a cave for the past twenty years could believe that real change can come from the District of Corruption . Despite the best efforts of the Corporate-State run media to demonize all things Tea Party and despite the occasional drug-addled morons shooting up the neighborhood a la Las Vegas , more and more citizens are coming to the conclusion that the ballot box and the courts offer no recourse … 

 

 

 

” At the West Chester’s popular D.K. Diner, a U.S. veteran who served five combat tours in Iraq and Afghanistan said the only solution may be a revolution against political elites. “We may need to drag politicians out and shoot them like they did in Cuba,” said a grim-faced Frederick Derry two days after a Los Vegas couple allegedly shot two police officers. The attackers draped their bodies with a “Don’t Tread on Me” flag, according to ABC News, pinned a swastika on them and a note that read “The revolution has begun.”

  A violent revolution is unconscionable. But what may be in the air is a peaceful populist revolt – a bottom-up, tech-fueled assault on 20th century political institutions. In a memo to his fellow Democrats, former Clinton White House political director Doug Sosnik writes persuasively about “an increasing populist push across the political spectrum.

  At the core of Americans’ anger and alienation is the belief that the American Dream is no longer attainable. Previous generations held fast to the promise that anyone who worked hard and played by the rules could get ahead, regardless of their circumstances. But increasingly, Americans have concluded that the rules aren’t fair and that the system has been rigged to concentrate power and wealth in the hands of a privileged few at the expense of the many. And now the government is simply not working for anyone.”

 

 

 

    Sosnik is wrong in that the government is working for some people and some businesses , just not the bulk of the taxpaying public . It’s working just fine if you draw a publicly funded paycheck as a federal employee or are a lobbyist , politician or corporate bigwig . It also works quite well if you happen to be a member of the media elite as the cronyism and nepotism between those two entities is well-documented . 

But he is correct in thinking that the time is nigh for the average citizen to choose sides and decide if he/she will indeed take part in the destruction of the barricades .

 

 

 

” Which side of the barricade are you on? Populists from the right and the left – from the tea party and libertarian-leaning Rand Paul to economic populist Elizabeth Warren – are positioning themselves among the insurgents. Sosnik pointed to six areas of consensus that eventually may unite the divergent populist forces:

  • A pull back from the rest of the world with more of an inward focus.
  • A desire to go after big banks and other large financial institutions
  • Elimination of corporate welfare.
  • Reducing special deals for the rich.
  • Pushing back on the violation of the public’s privacy by the government and big business.
  • Reducing the size of government.

  In Washington, Cantor’s defeat is being chalked up to the tea party’s intolerance toward immigration reform. While he paid a price for flirting with a White House compromise, Cantor’s greater sin was inauthenticity – brazenly flip-flopping on the issue. Typical politician.”

 

 

 

    Mr Fournier’s contention that Elizabeth “Fauxcahontas” Warren is anything but a confirmed Statist aside , we are willing to concede that the lines of battle are being drawn and that there is much common ground to be found between the Occupy crowd and the Tea Partiers .

   The question remains , which American personage will be able to unite these disparate interests and lead the charge over the barricades of corruption to reinstate American republicanism and reestablish a nation of limited government .

 

 

Ron Fournier

 

 

 

 

 

 

 

 

 

 

Officer Accused Of Stealing From Make-A-Wish

 

 

Make-A-Wish Robbery

Click Picture For Video

 

 

” A Memphis police officer is accused of trying to steal money from the Make-A-Wish Foundation. It happened at Memphis International Airport and the entire incident was caught on camera.

  The video shows a mad dash for the cash. Police say Officer Ronald Harris tried to steal money from the Make-A-Wish Foundation as they were dropping off $1,500 to a family going on a wish trip. Somehow Harris knew about it.

  Police say Harris head-butted Nathan Moore, whose forehead was cut so badly he needed stitches. Moore refused medical attention and insisted on getting on the plane with his family.

  Harris is now suspended from the Memphis Police Department. New reports show he was already on leave seeing a psychologist and may suffer a mental disorder. His wife says he’s threatened to kill her.

  Police say they found stolen mail in his car that belonged to his neighbor.”

 

More from KSKD

 

 

 

 

 

 

 

 

 

 

 

FDA Decision Puts Cheese Making In Peril

 

 

 

” Gabe Luddy, a fourth-generation cheese maker at Vella Cheese Co. in Sonoma, makes his dry Jack the same way his grandfather and great-grandfather did: He rolls and presses curds into large wheels of cheese, then brines the wheels before sliding them onto wooden racks. There they age, from seven months to several years.

  A U.S. Food and Drug Administration statement that became public last week puts Vella’s 83-year-old practice in peril.

  In what the agency called a clarification, the FDA declared that wooden racks similar to the one Vella uses “cannot be adequately cleaned and sanitized.” That, in effect, would make Luddy’s cheese impossible to sell.

  While the FDA late Tuesday issued a statement indicating there is room for compromise, if the original clarification holds, it may affect more than Sonoma Jack. The Parmesan you grate over your pasta might also be declared illegal.

  Producers all over the world age their cheeses on wood rather than on plastic or metal because its porous surface absorbs excess humidity and prevents unwanted mold. Plus, Luddy said, “It’s what gives our cheese its flavor.”

  Nora Weiser, executive director of the American Cheese Society, a professional organization of 1,500 cheese makers, estimates that 65 percent of the members of the organization – from farmstead producers with a few head of sheep to major cheddar factories – age their cheese on wood.”

 

 

   In the latest case of the State offering a solution to a non-existent problem , the FDA proposes a ban on wooden drying racks for cheese . Only in the world of Statism can a practice that has been around for centuries all of a sudden become a major threat to public health . Read more

 

 

 

 

 

 

 

 

 

 

Taxpayer Money Goes To Party Video Dubbed As ‘Team Building’

 

 

Miami %22Team Building%22 Video

 

 

 

” It is a party video you have been paying for every year since 2010. 

  Miami-Dade County’s Community Information and Outreach department has been producing it, it said, to show around the holiday season and as a “team-building” exercise.

  Most of the videos appear to be a series of skits involving images of drinking, dancing and dramatics apparently designed to be funny.

” Shocking” is how one county employee described it, who did not want to be identified for fear of losing their job.

  One scene, for example, has images of one current and one former employee holding what appears to be beer and waiving dollar bills. All of this as the music says, “Bottoms up” and the two men are heard saying, “Cheers baby!”

  Other parts have employees dancing to popular songs like “Gangnam Style.” “

 

 

Read more on this obscene waste of public funds , modeled after those wasteful IRS ads of last year .

 

 

 

 

 

 

 

 

 

 

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