The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label 2012. Show all posts
Showing posts with label 2012. Show all posts

Sunday, November 18, 2012

Paycheck calculator to show how the fiscal cliff will affect you

With the Bush tax cuts ending on Dec 31, and a whole new array of taxes are ready to be imposed on the American people beginning on Jan 1, it is difficult to sift through the myriad of articles which try to explain how the fiscal cliff will affect you, if it remains without change by Congress and the White House.

However, there is a now a website that provides a new paycheck calculator that shows American just how much they pay now, and will expect to pay next year if all new taxes go into affect.  The fine programmers at Paycheck City have created a neat application and graph that will allow visitors to see the difference between their 2012 taxes, and those projected for 2013.

Simply click on this link, and select the normal amount of standard deductions your family or individual returns allow.

Fiscal Cliff Calculator and Chart


While Paycheck City does not guarantee the results from this generic calculator, it does allow someone to get a rough, general, ballpark estimate of how much more they will have to pay, starting in 2013 due to the increased taxes.

Wednesday, March 28, 2012

How to fund the government in 2012 and other bedtime stories

Professor Antony Davies of Duquesne University has put together a factual and yet satircal piece of economic data on how our bankrupt government, which borrows more than $150 billion per month, can afford to fund itself for the rest of 2012.

Thursday, March 1, 2012

RIP for US GDP

This morning, Goldman Sachs lowered their GDP estimates for the US in 2012, and this prediction continues a trend of spiraling production in the world's largest economy.

Spending and income data weaker than expected for January. We revised down our Q1 GDP tracking estimate to 2.0% from 2.3% previously

Given weaker-than-expected consumer spending results, we revised down our tracking estimate of Q1 GDP growth to 2.0% (annualized) from 2.3% previously. Construction spending data and vehicle sales reported later today could also affect our tracking estimate - Zerohedge

Given that oil and gasoline prices will further cut into consumer spending, which makes up nearly 70% of America's GDP numbers, the death rattle for the economy has begun, and it is RIP for the world's one time greatest GDP.

Tuesday, January 31, 2012

CBO report forecasts unemployment rate at 10% in 2012

In what assuredly would be a devastating economic indicator for President Obama, the Congressional Budget Office (CBO) came out with a report forecasting the unemployment rate for 2012.  While manipulated BLS reports in November and December dropped the rate down to 8.5%, the truth is those numbers reflect less people receiving unemployment benefits and don't take into account the hundreds of thousands who fell off the roles.

And the fact that the CBO predicted negative $2.5 trillion in net debt by 2011 back in 2011 is largely ignored. Anyway, here are some of the highlights.
  • 2012 Deficit: $1.1 trillion; 2013 Deficit: $0.6 - yes, we are cackling like mad too...
  • Unemployment to remain above 8% in 2012 and 2013; will be around 7% by end of 2015; to drop to 5.25% by end of 2022.
    • This forecast is utterly idiotic and is completely unattainable unless the US workforce drops to all time lows and the US economy generates 300,000 jobs a month for 10 years
  • Needless to say, CBO assumes the best of all worlds in this meaningless forecast
  • But here is the kicker: "Had that portion of the decline in the labor force participation rate since 2007 that is attributable to neither the aging of the baby boomers nor the downturn in the business cycle (on the basis of the experience in previous downturns) not occurred, the unemployment rate in the fourth quarter of 2011 would have been about 1¼ percentage points higher than the actual rate of 8.7 percent" translation: CBO just admitted that the BLS numbers are bogus and real unemployment is 10%. Thank you - CBO via Zerohedge


Never ask the government how many people are out of work, ask a bean counter, for they are the ones who are paying the benefits for those out of work.

Monday, January 23, 2012

The State of the Union is poor in Americans trust of the government and the economy

Tomorrow night is President Obama's State of the Union address, and the state of the union is poor.  At least according to a new Gallup poll on how Americans feel the government is dealing with the economy.

"As President Barack Obama prepares his annual address to Congress, Americans are broadly dissatisfied with the state of the nation in several specific issue areas, with satisfaction down sharply in some cases since January 2008. However, three issues -- the nation's economy, the size and power of the federal government, and the moral and ethical climate in the country -- fit both of these unwelcome criteria." And with the only response the administration has in the past three years consisting of either printing more money which sends all assets, especially energy, higher in price, or fiscal stimulus of which 90% and more is lost due to inefficiencies and corruption, we don't see satisfaction rising any time soon. - Zerohedge





2012 may not be the end of the world according to the Mayan Calender, but it is well on its way to being the end of American domination in the global economy.

Monday, January 2, 2012

Euro celebrates its 10th anniversary while lying in a death bed

On January 1st of 2012, the wonderous fiat currency creation known as the Euro celebrated its 10th anniversary.  While most purely fiat currencies in history have a life cycle of 40 years, this one, because of its lack of national hegemony, appears fated to not see its 11th birthday, or at best, be relegated to the fate of hyperinflation to stave off inevitable devaluation.

However, the EU, like most political organizations, must rely on propoganda to keep itself, and its ill-fated currency in power.  So enjoy the happy happy joy joy presentation of the 10th anniversary of the Euro.


Courtesy of ECBEuro

Thursday, December 1, 2011

Economic martial law: Gerald Celente predicts US financial crackdown in early 2012

In a recent interview with Lew Rockwell, trends forecaster Gerald Celente laid out his view of where the US financial and banking system is headed, especially as global debt starts to consume banks and nations at a faster and faster rate.

"its coming down... I dont care who your money's with, its not safe unless you have it."

"And my belief, and this is going to be a Top Trend of 2012, is that, in the new year, they are going to bring down the gavel on the system.  They are going to pump it up to soak every last penny from the suckers to spend money on Christmas stuff they dont need.  And after that, after the Christmas holiday's over, then were going to get the bank holiday... some form, whether its that or not, some form of economic martial law."

You can listen to the entire interview below, and this specific prediction begins at the 17:53 mark.

Monday, November 14, 2011

Goldman Sachs says to stay in gold and forecasts much higher prices

Goldman Sachs has come out with a forecast on gold and other commodities that bears witness to much higher prices.  Their assessment of a QE3 coming in 2012 leaves no doubt that low interest rates and higher inflation make the precious metals the only wealth protection available.

For what it's worth, Goldman likes gold. "Consumers: We expect gold prices to continue to climb in 2011 given the current low level of US real interest rates. Further, with our US economics team now forecasting slower US economic growth in 2011 and 2012, we expect US real interest rates to remain lower for longer, supporting higher gold prices through 2012. Consequently, we recommend near-dated consumer hedges in gold through 2012. Producers: With gold prices expected to continue to climb through 2012, we find hedging opportunities less attractive for gold producers at this time." In other news, Goldman also likes Silver, Copper, Zinc, WTI and Brent. In other words: QE3 is coming. - Zerohedge
Seeing as Goldman Sachs is a member institution of the Fed, we kind of think they have an insight into the policies to come for the dollar.