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 obama. Show all posts
Showing posts with label obama. Show all posts

Wednesday, September 25, 2013

Treasury Secretary Lew attempts to intimidate Congress over debt ceiling

President Obama picked a good company man when he appointed Jack Lew to replace Timothy Geithner as the newest Secretary of the Treasury.  And like the former head of America’s purse strings did during his time in office, Lew is choosing to use intimidation and threats over negotiation and fiscal planning in regards to the upcoming debt ceiling crisis.

Treasury now estimates that extraordinary measures will be exhausted no later than October 17. We estimate that, at that point, Treasury would have only approximately $30 billion to meet our country’s commitments. This amount would be far short of net expenditures on certain days, which can be as high as $60 billion.  If we have insufficient cash on hand, it would be impossible for the United States of America to meet all of its obligations for the first time in our history.


Read more on this article here...

Monday, September 16, 2013

With Larry Summers dropping out, front runner to lead the Fed has history of missing economic crises

The financial world was hit with a bombshell on Sept. 15, when the surefire front runner to lead the Federal Reserve shockingly pulled out of the race to replace Ben Bernanke at the end of his term.  The candidate who had a 70% chance of becoming the next Fed Chairman was long time financial power broker Larry Summers, and the vacuum he leaves places as the new favorite, a central banker who admitted that she completely missed the warning signs leading up to the 2008 financial meltdown.


Read more on this article here...

Tuesday, September 10, 2013

President Obama to cut COLA for active military while sending equal funds to Muslim Brotherhood


On Sept. 9, President Obama laid out a plan to cut the annual cost of living allowance (COLA) from active duty military members, even in the midst of ongoing war efforts.  Claiming economic conditions as the basis for dropping the proposed 1.8% increase down to 1%, the President at the same time appeared to disregard budgetary concerns when sending a similar amount of money to support the Muslim Brotherhood during the last fiscal year.

 
Screenshot from CNN Report

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Saturday, September 7, 2013

Forget Cyprus, Poland confiscates nations pension funds to pay for their debt

First there was Cyprus, where the EU and the world became exposed to a new form of bank bailout called the ‘bail in’.  Now, Poland has taken the next step when on Sept. 4 the government seized and confiscated half of the nations private pension funds, and collateralized them to help towards paying off their sovereign debts.
Interestingly enough however, the primary function of this confiscation is not about paying off the debt in a move towards eventual solvency, but to expand their collateral base to allow them to borrow even more money, and raise their debt limits.
 
 
Read more on this article here...

Sunday, August 25, 2013

Russian Minister calls President Obama a Bush clone after pushing U.S. into war with Syria

For both Senator Obama, and the liberal contingent who castigated former President George Bush over our wars in Afghanistan and Iraq, it is an interesting turn of events five years later when now President Obama has hypocritically ordered attacks into more countries than the man he spoke out against for such actions in while in Congress.  And the current President is now doing so with a zeal not seen since the days of colonialism when former European powers used war to gain footholds in the Middle East and Africa.
 
And from this increased warmongering comes an interesting and disturbing irony in foreign relations when on Aug. 25, Russian minister Alexei Pushkov tweeted out that Obama has now become little more than a Bush clone as he cites WMD propaganda as the means to instigate a U.S. war with Syria.
 

 
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Tuesday, August 20, 2013

Had a bankruptcy last year? No Problem! FHA has a mortgage for you as Obama pushes to re-inflate housing bubble

As mortgage lenders around the country begin to suspend operations and layoff workers, the Federal Housing Administration (FHA) is ready to throw away financial sense and offer Americans a new loan program.  In an FHA Mortgagee Letter 2013-26 published this month, the largest mortgage backer in the country is offering loans to people who have gone just a full year since filing for bankruptcy with the intention of re-inflating the housing bubble.



Read more of this article here...

Thursday, November 15, 2012

New job loss report: To those who believed the White House, here's your sign

For the limited few out there who actually believed the September BLS report that showed the unemployment rate falling from 8.1% to 7.8%, all we at the Daily Economist have to say is, Here's your sign.

Primarily, the drop in unemployment just weeks before the election was so obvious, and so blatent, and so large, that every analyst with a modicum of respect knew that after Nov. 6, the revisions of those numbers would either pop the rate back over 8%, or quite discouragingly, move the numbers even higher than what it was.


Picture courtesy of Fox and Friends

The latest initial claims data posted a multi-year high 104,548 surge in weekly NSA claims from 361,800 to 466,348, and even the Seasonally adjusted number soaring from 361K to 439K on expectations of a 375K print. In other words, a complete disaster for any economic data bulls. What is truly amusing is that the same Wall Street "experts" who set expectations were unable to foresee the Sandy effect that every "macrotourist" on Twitter apparently is so very aware of. Also, it is apparently also "Sandy's fault" (now that the Bush excuse is back in retirement) that the prior week's claims were revised from 355K to 361K. Basically, just as we said 3 weeks ago, ignore every negative data point: - Zerohedge


Interestingly, these numbers come just before the onset of Black Friday, and the seasonal increase of temporary jobs leading into, and through Christmas.  What indications then should we expect from here, as to the retail sales for the 2012 holiday by businesses?

Not much.

Thursday, November 8, 2012

Marc Faber: Obama re-election will be a disaster for US; buy a machine gun

Economist Marc Faber of the famed Gloom, Boom, and Doom report, spoke with Bloomberg television on Nov. 7 regarding the just completed presidential elections. In the interview, Faber had some very stark assessments of what he believes is in store for the economy, and for America.  The well known economist stated that not only will the re-election of Barack Obama be bad for business, and a disaster for the U.S., but people should get a machine gun to protect what remaining assets they have.


“I am surprised with the reelection of Mr. Obama. The S&P is only down like 30 points. I would have thought that the market on his reelection should be down at least 50%...I think Mr. Obama is a disaster for business and a disaster for the United States. Not that Mr. Romney would be much better, but the Republicans understand the problem of excessive debt better than Mr. Obama who basically doesn't care about piling up debt. You also have in the background Mr. Bernanke, who with artificially low interest rates enables the debt to essentially escalate endlessly.”

“They should buy themselves a machine gun…I need to buy a tank. Joking aside, look, we have manipulated markets. Whenever you manipulate markets, you will get unintended consequences. i think the reelection is unintended consequence of money printing, that favors the so- called 0.25%. It was easy for the Democrats to attack the wealthy fat cats of Wall Street, the elite, and the privileged people to portray them as a profiteer of the system, which to some extent, they are. Not because they wanted to but because Mr. Bernanke enabled them to be profiteers. We have a situation where you have today Mr. Obama, I doubt he will stay at the presidency for another four years. I think there will be so many scandals, but that’s another story.” - Marc Faber interview on Bloomberg, Nov. 7

Maybe this more than anything is why both Smith and Wesson, and Sturm Ruger stock was way up on Wesnesday, even though the markets fell more than 300 points.

Wednesday, November 7, 2012

How now down dow

Forward.  That is the new motto of the Obama administration.  Of course, forward slogans were the key rallying cry for Mao and other communist leaders, so the progressives in America appear more than happy to borrow it for their vision of the country.

However, it appears forward is not the rallying cry of the stock markets post-Obama re-election, as the Dow, S&P, and AAPL cry out in terror after breaking key levels.


DOW


S&P 500


2 Month Apple Chart

It seems like only last night everyone was celebrating more hope, if not much change. Now comes the hangover. The Dow Jones intraday drop is now 2.23% (and rising), greater than the biggest drop so far in 2012 record on June 1. The last time the market plunged as much: literally one year ago, or November 9, 2011. Sadly, it appears that one can't have their Dow Jones Industrial Average and redistribute it too. - Zerohedge

Forward!  To infinity and Beyond! That appears to be the no-win mantra of Fed Charman Bernanke and the hope and change of those who still own paper in the Wall Street casino.

Thursday, November 1, 2012

Comedian shows children about Obama economics by redistributing their halloween candy

Obama economics is about two things.  Crony capitalism (Solyndra, GM, etc...), and taking from the middle class to give to the poor.  Through inflation, taxation, and regulation, the Obama administration's policies have destroyed more middle class incomes than any President in history.

So to ensure that the younger generations understand what President Obama's class warfare and tax the rich socialism is all about, a Fox News correspondant on Oct. 30 went out to a local trick or treating area and began to teach redistribution to the children, using their halloween candy.


Picture courtesy of Sodahead.com



There you go.  It is ingrained in human kind at birth to enjoy the fruits of ones own hard work, and redistribution, as stated plainly from the mouths of babes, is stealing.

Wednesday, October 24, 2012

Corzine defense attempts to cry innocent by saying he lost money too

Former Goldman Sachs chief and Governor of New Jersey Jon Corzine is trying hard to act like an innocent victim in the ongoing MF Global fraud scandal.  In a recent hearing on Oct. 23, lawyers for the failed CEO attempted to get all inquiries and charges thrown out of court by intimating that he must be innocent of fraud since he lost money too when he bought company shares just a few months before the bankruptcy.



Indeed, the investors' claim that Mr. Corzine participated in a fraud "makes no sense" because, just two months before the company collapsed, he bought over 50,000 shares of MF Global stock on the open market. His lawyers argue Mr. Corzine's stock purchase belies the investors' claim that he sought to defraud them.

 As lawyers for the banks that underwrote MF Global's securities noted, trading firms can go under without fraud.

 "Companies sometimes fail because of unsuccessful business strategies," said lawyers for the underwriters. "However regrettable that reality, courts long have taught that such failures alone do not give rise to claims under the federal securities laws."

To date, neither Mr. Corzine nor others at MF Global have been charged with a crime. - Wall Street Journal via Zerohedge

Indeed, it is unlikely that Corzine will ever be charged with any wrongdoing, especially in lieu of the fact that the failed financier is one of President Obama's chief campaign contributors, and has helped the administration numerous times as an adviser and fundraiser.

Friday, October 5, 2012

Unemployment numbers the Chicago way: Obama administration skews last report before the election

Since the results of the first Presidential debate on Oct. 3 were a complete fiasco for Obama, many people in the beltway, and financial sectors, knew that something big would be dropped on the American people to try to save the election.  On Oct. 5, that news was published as the newly manipulated BLS report on job creation led to a drop below 8% unemployment for the first time since 2009, and not surprisingly, during the last reportable month before the election.


Unbelievable jobs numbers..these Chicago guys will do anything..can't debate so change numbers - Jack Welch Tweet

But what was the reason for this epic jump in Household survey jobs? Simple, and those who have read our series on America's transition to a part-time worker society know the answer. The reason is that the number of part-time people employed for economic reasons soared by 582,000 to 8,613,000, the most since October 2011, and the largest one month jump since February 2009 - Zerohedge

The Labor force participation rate rises from 30 year lows to 63.5% to 63.6%



So what we see in this months report, which will assuredly be revised by a multiple of 5-10 next month, or during the final annual report, is a last ditch attempt to brainwash Americans before the election that Obama's economic policies are working, and that people are finding jobs (that no on can really make claim to), on paper vs. the real world.

It's not about truth in the world of politics, its about the perception of truth, and as former GE CEO pointed out, its the Chicago way.

Thursday, October 4, 2012

Al Gore channels his Joe Biden in blaming altitude for Obama debate fail

When speaking without a script or in the case of President Obama, a telepromptor, candidates sound the best when they speak with conviction of what they believe, and speak the truth as they see it, not as they want to portrary it.

In poll numbers across the board that show Romney trounced the President in the first debate on Oct. 3, there was no question who spoke what they believed, and what their true convictions are.  And becuase of this, liberals, Democrats, and the media were forced to spin information in overtime as to why Obama did so poorly, and looked like the lesser man in front of the cameras.



However, one liberal that is well known for both lying and exaggeration, came up with the most preposterous excuse for Obama's failed debate.  Channeling his inner Joe Biden, former Vice President Al Gore went on national television and said it was the altitude in Denver that led to his inability to properly speak and respond to questions.



Just as the President continuously blamed Bush several times during last night's debate, Al Gore is the epitome of liberals and Democrats who refuse to take responsibility for their own shortcoming, failures, and actions.

What is next Al?  Will Obama lose the Presidency due to a rise in the oceans from global warming and other psuedo sciences you tout as fact.

Thursday, September 20, 2012

Republicans create political stunt by passing their own Buffett Rule tax scheme

On Sept. 20, the Republican led House of Representatives passed what was in essence a political stunt, by countering President Obama's 'tax the rich' debate with their own Buffett Rule legislation.  In the House bill, rich people like Warren Buffett, who have publically stated that the rich, including themselves, do not pay enough in taxes, could voluntarily give more money to the Federal government to help offset the deficit.

Photo courtesy of United Liberty.org
The House on Wednesday passed Republicans' own version of the Buffett Rule, which allows wealthy Americans to voluntarily pony up to reduce the deficit.

The bill, labeled the Buffett Rule Act, passed by voice vote, meaning Democrats and Republicans agreed with it. Under the legislation, which would still need Senate approval, taxpayers could check a box on their taxes and send in a check for more than they owe to the IRS.

"If Warren Buffett and others like him truly feel they're not paying enough in taxes, they can use the Buffett Rule Act to put their money where their mouth is and voluntarily send in more to pay down the national debt, rather than changing the entire tax code to inflict more job-killing tax hikes on hard-working Americans," said Rep. Steve Scalise, the Louisiana Republican who wrote the bill. - Washington Times

The ironic thing however, and why this is more of a political stunt by Republicans during an election year, is that people already have the choice to give more in tax revenues to the government, through voluntary means, or by limiting deductions they could legally take on their returns.

At the core of the division between the rich and the 99%ers, is that many of the rich and powerful want the tax code to keep out new Americans from entering their segregated domain, thus limiting the elite club that runs the country from the back rooms and corporations.  For the poor, and those 50%  who are dependant upon government handouts for their daily subsistance, the gibsmedat mentality will always overshadow the drive to work smarter and harder, and to use the system millions of others have used in our history to accumulate wealth, and better their lots in life.

Wednesday, September 19, 2012

Obama wants Americans to donate money from their yard sales to his campaign

Back in July, it was the desire of the President to have Americans donate their wedding gifts to his campaign, instead of to the bride and groom.  This coming weekend, Obama is raising the stakes in a desperate move for campaign contributions by asking all Americans to donate proceeds from any yard sale they have on Sept. 22 or 23 to his re-election fund.

Obama seeks campaign funds from wedding and birthday guests




Just remember America, to President Obama, you aren't just a voter, you are also a siphon for cash he wants to exploit to remain in power.

Monday, September 10, 2012

Government at work: Never a plan B for debt ceiling and Federal debt limits

Last August, the Republican led Congress played political games with the American people, and eventually broke their campaign promises by voting to raise the debt ceiling on our national debt.  Now that the 2012 elections are coming up fast, the government once again faces a new ceiling as very little attempts were made to step deficit spending.

Our government leaders, from Congress to the President are proving one thing... they are not the A Team, and for Americans, there is no plan b.



When Obama learned that the deal negotiated among the congressional leaders would require a two-step increase in the debt limit, he told Rob Nabors, the White House director of legislative affairs, “The one thing I said I actually needed, they didn’t get,” referring to Reid and Pelosi. “I needed this to go past the election, and they didn’t get it for me. This can’t work.”

Obama sent word that he wanted the two Democratic leaders at the White House at 6 p.m. that Sunday, July 24. No reason was given.
Reid arrived in the Oval Office with his chief of staff, David Krone.

“I don’t trust these guys,” the president said dismissively.
Krone either would not or could not conceal his anger.

“Wait a second,” Obama said, interrupting someone else who was about to speak. “I can tell David has something else to say.”
“Mr. President, I am sorry — with all due respect — that we are in this situation that we’re in, but we got handed this football on Friday night. And I didn’t create this situation. The first thing that baffles me is, from my private-sector experience, the first rule that I’ve always been taught is to have a Plan B. And it is really disheartening that you, that this White House did not have a Plan B.” - Washington Post via Zerohedge

This event is one of the underlying problems with Washington, and with politicians.  They have no concept of money, where it comes from, what it means to the economy by spending it, and thus, government has no clue about creating monetary policies that help the country, or the American poeple.



As Jeremy Irons said it best in his Margin Call speech... "It's just money... it's made up."  This is the world today, and money in the eyes of Wall Street, and the government.

Tuesday, September 4, 2012

National Empty Chair day goes viral as satire backfires on Democrats

When the esteemed and sage words of conservative icon Clint Eastwood were taken as a joke by the Democratic left and progessive activists, little did they know that the off the cuff stunt by the former Mayor of Carmel would quickly come back to haunt them.  Within days, a fervor arose in the social blogosphere which led to the creation of National Empty Chair Day, and the satirical actions by Eastwood quickly spread into a frenzy where President Obama became the absolute butt of millions of jokes by people around the country.


The empty chair representing Obama bowing to Mecca, or King Faud as the leader of Islam

Even when the President tried to get into the joke by sitting in the Presidential chair surrounded by his cabinet, Americans quickly took the photo and airbrushed it into a massive joke.




The power of a slogan, or a symbol can, and has ushered men into the Oval office, or a legacy of ridicule.  From Michael Dukakis's 'Wheres the beef', to Barack Obama's 'Hope and Change', the rallying cry of the 2012 elections has now been set, and everytime the President speaks, it will be followed by an Empty Chair response.

Wednesday, August 29, 2012

Sweet 16: National debt crosses $16 trillion two months before election

One of the fundamentals of the rich is to invest using other people's money (OPP).  However, when the government does it using the taxes of its citizens, and borrowing of its future, it sure ain't about the accumulation of wealth and capital.

On Aug. 28, the United States crossed over the $16 trillion mark in debt, and marks the biggest four year rise in debt obligations in America's history.  And unfortunately for the American people, there is very little to show for it beyond inflation and little men hiding behind offices thinking they now how to spend your money.


$35 billion in unreconciled bond sales - Aug 28

Added to:


= $16 Trillion

Charts courtesy of Zerohedge

November 16, 2011 was a historic date: that's when the US officially surpassed $15 trillion in debt for the first time since World War 2. We celebrated it by cheering $15,OOO,OOO,OOO,OOOBAMA. Today, August 28, 2012, is when we can unofficially celebrate again, because 286 days after the last major milestone was surpassed with disturbing ease, total US debt following today's $35 billion auction of 2 Year bonds is, well, in a word: $16,OOO,OOO,OOO,OOOBAMA! - Zerohedge

Sweet 16... perhaps this was the hope and change Obama was really talking about.  The financial destuction of a once great nation.

Tuesday, August 28, 2012

Hollywood and press ignore Obama's America 2016 despite box office numbers

Never let it be said that both Hollywood and the press aren't biased institutions without agendas.  In a shocking move, similar to the response years ago to Ben Stein's documentary on Intelligent Design, the mainstream media and Hollywood promoters are completely ignoring the success of the new documentary on Barack Obama called Obama's America 2016, whcih came in 7th in box office proceeds in its first week.


The movie, made with almost no money and no major studio backing, by neophyte directors, and with zero attention from the mainstream press, grossed $6.5 million over the weekend, putting in the top 10.

So far, "2016" has taken in more than $9.3 million, which puts it easily within reach of becoming one of the top five highest-grossing political documentaries of all time.

But aside from a few grudging news stories about the weekend box office take and a smattering of predictably critical reviews, the media are largely turning a studied blind eye to the film. - Investors.com

In the world of finance, money talks, and BS walks.  Just as America is speaking loudly at Obama's attempt to use taxpayer funds to prop up the failing Chevy Volt, so to are Americans speaking with their wallets in going to see the movie that lays out Obama's plan for the country, in his own words.

Friday, August 24, 2012

Republicans offer to channel their inner Ron Paul by talking return to gold standard

In politics, nothing is done without cause and purpose.  These words came from President Franklin Delano Roosevelt, and validate that politicians do NOTHING that isn't intended to further their own power.  So it comes as a major surprise, when polls are showing Romney losing to an easily beatable Barack Obama, that the Republican party is desperate to get the millions of Ron Paul supporters into their camp, and are attempting to do so by offering to discuss a return to the gold standard.


Stranger than fiction perhaps but the FT is reporting that the gold standard has returned to mainstream US politics for the first time in 30 years with a 'gold commission' set to become part of official Republican party policy. While this could simply be a reach for as many Ron Paul marginal voters as possible (with the view that the GOP would never really go for it); it appears drafts of the party platform from the forthcoming rain-soaked convention call for an audit of the Fed and a commission to look at restoring the link between the dollar and gold. The FT, citing a spokesperson, adds that "There is a growing recognition within the Republican party and in America more generally that we’re not going to be able to print our way to prosperity," but "We’re not going to go from a standing start to the gold standard," although it would provide a chance to educate politicians and the public about the merits of a return to gold. Interestingly, the Republican platform in 1980 referred to "restoration of a dependable monetary standard", while the 1984 platform said that "the gold standard may be a useful mechanism." - FT via Zerohedge

The bottom line is, the Republican party spent millions hijacking the primaries in states across the country to ensure Ron Paul did not receive enough delegates to appear viable in the coming RNC convention.  However, millions of Americans now know the RINO foundation of the Republican Party, and as such, without their support Romney doesn't have a chance in defeating the Jimmy Carter of the 21st century.