Showing posts with label crisis. Show all posts
Showing posts with label crisis. Show all posts

Tuesday, January 18, 2011

Bankruptcy Of U.S. Is ‘Mathematical Certainty,’ Says Professor & Former CEO Of Nation's 10th Largest Bank

John Allison, who for two decades served as chairman and CEO of BB&T, the nation's 10th largest bank, told CNSNews.com it is a “mathematical certainty” that the United States government will go bankrupt unless it dramatically changes its fiscal direction.

“Now, countries don’t go bankrupt the way companies do,” said Allison. “They don’t file bankruptcy. They usually hyper-inflate. They print a bunch of paper money, or they become Third World economies like Argentina--unless we change direction. So, we absolutely have to change direction. And the irony of that is it requires an interesting combination. It requires both discipline, but it also requires a focus on growing our economy. And it means a fundamental philosophical change from where we are today, from the idea of redistributing wealth to the idea of creating wealth.”

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Saturday, January 15, 2011

America has fallen again in Index of Economic Freedom

"Last year, I reported that the United States fell from sixth to eighth place -- behind Canada -- in the Heritage Foundation/Wall Street Journal's 2010 Index of Economic Freedom. Now, we've fallen further. In the just-released 2011 Index, the United States is in ninth place. That's behind Hong Kong, Singapore, Australia, New Zealand, Switzerland, Canada, Ireland and Denmark." -John Stossel

Cmon we can do better than this. I thought America was the leader of the free world.

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Wednesday, April 02, 2008

Citizens Against Govt Waste 2008 Congressional Pig Book

The Congressional Pig Book is CAGW's annual compilation of the pork-barrel projects in the federal budget. The 2008 Pig Book identified 11,610 projects at a cost of $17.2 billion in the 12 Appropriations Acts for fiscal 2008. A "pork" project is a line-item in an appropriations bill that designates tax dollars for a specific purpose in circumvent

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Sunday, March 02, 2008

Support the Abolition of the Federal Reserve System!


Allowing the Fed to create more money out of thin air would merely put off the day of reckoning, and ensure that day would be even worse, when it finally arrived.

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Dollar purchasing power throughout 20th Century

Wednesday, January 23, 2008

Where Have All the Leaders Gone?

By Lee Iacocca with Catherine Whitney

Am I the only guy in this country who's fed up with what's happening? Where the hell is our outrage? We should be screaming bloody murder. We've got a gang of clueless bozos steering our ship of state right over a cliff, we've got corporate gangsters stealing us blind, and we can't even clean up after a hurricane much less build a hybrid car.
More of the Story

Friday, November 23, 2007

Iran virtually free of U.S. dollar in oil revenues

Iran, at odds with the West over its nuclear programme, has effectively cut all ties with the dollar when it comes to oil revenues,...Read More

Thursday, November 15, 2007

6.2 percent of your income is going to Iraq and Afghanistan

the Democratic staff of Congress's Joint Economic Committee, estimates that the costs of the war in Iraq and Afghanistan from 2002 through 2008 will total $1.6 trillion. The cost averages out to $20,900 for every family of four.

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Friday, November 09, 2007

The DRAFT is coming back!! Forced Military Service for All!

Sen. Chuck Hagel is suggesting a draft may be inevitable in order to maintain Crazy King George's world empire.

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College kid receives jailtime for marijuana possession and gets raped @jail

This disgusts me utterly and kind of makes me want to buy a gun so it doesn't happen to me. So now this guy who was in possession of marijuana could possibly have AIDS, herpes, hepatitus or whatever just for possession! Great world we live in .

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Monday, November 05, 2007

Sunday, November 04, 2007

Sinking Currency, Sinking Country

We are in a world of trouble and only one candidate for President is even talking about it. The plummet of the dollar is not going to stop any time soon. The Chinese are sitting on too many dollars to divest; they would lose too much. The Europeans are taking advantage of the Chinese position, selling off greenbacks, forcing the dollar down faste

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Saturday, November 03, 2007

Foreclosure filings skyrocket, double in 3 months in Q3!

A total of 446,726 homes nationwide were targeted by some sort of foreclosure activity from July to September, up 100.1 percent from 223,233 properties in the year-ago period, according to Irvine-based RealtyTrac Inc. Ahh the Republican economy...

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Friday, November 02, 2007

Ron Paul's Book skyrockets to 27th


Ron Paul's Foreign Policy of Freedom skyrockets to 27th on Amazon's "Movers and Shakers"...
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911: MORAL COWARDS AND FBI ADMISSION

The most famous of the reported calls from the flights supposedly came from Barbara Olson, the well-known commentator on CNN who was married to Ted Olson, who was then the US solicitor general.READ MORE

First U.S. baby boomer applies for Social Security

Retired school teacher Kathleen Casey-Kirschling on Monday became the first ripple in a "silver tsunami" of retiring baby boomers to apply for pension benefits, threatening to overwhelm U.S. government finances.

Isn't it already overwhelmed at 9 trillion in debt and growing by the second?

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$2,400,000,000,000

The U.S. wars in Iraq and Afghanistan could cost taxpayers a total of $2.4 trillion by 2017 when counting the huge interest costs because combat is being financed with borrowed money, according to a study released on Wednesday.

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Thursday, November 01, 2007

Hillary Unhappy with Russert

Hillary Clinton’s top advisers charge that the presidential candidate was unfairly targeted by moderator Tim Russert...
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Quotes

"In questions of power, then, let no more be heard of confidence in man, but bind him down from mischief by the chains of the Constitution." -- Thomas Jefferson