Archive for December, 2012

Excessive Speculation, Intercontinental Exchange and Government Regulation

Posted on December 29, 2012. Filed under: American History, Blogroll, Communications, Demographics, Diasters, Economics, Education, Energy, Federal Government, Fiscal Policy, Foreign Policy, government, government spending, history, Inflation, Investments, Language, Law, liberty, Life, Links, Macroeconomics, media, Oil, People, Philosophy, Politics, Programming, Rants, Resources, Video, Wisdom | Tags: , , , , , , , , , , , , , , |

ICE_logo

Gas Prices Explained

Mike Masters on Regulating Commodities Speculation

Michael W. Masters (Better Markets & Masters Capital Management)

Court Strikes Down CFTC Regulation to Limit Excessive Speculation

Michael Greenberger on Crude Oil Speculation

5th OPEC International Seminar – Michael Masters

Michael Masters Chairman, Better Markets Inc Michael W Masters is the founder and Managing Member of Masters Capital Management, an investment management firm. He is also a Partner in Masters Capital Nanotechnology, a venture capital fund. Mr Masters, an expert on the topic of commodities speculation and financial reform, has testified before many Congressional committees and government agencies, including the House Energy Subcommittee, the Commodity Futures Trading Commission (CFTC) and the Financial Crisis Inquiry Commission. Recently, he participated in joint SEC-CFTC roundtable discussions on a variety of security-based swaps issues. Speaking out about the far-reaching harmful effects of unregulated commodities speculation and the need for financial reform, Mr Masters has made numerous appearances in media outlets around the world. He has also addressed consumer and corporate groups, and has served as an expert panellist before international and investor groups. He is the founder of Better Markets, a Washington, DC-based non-profit, non-partisan organization established to promote transparency and accountability in the financial markets for the public interest. He was the 2004 winner of the “Open Your Heart” award from Hedge Funds Care and is a 1989 graduate of the University of Tennessee.
The OPEC International Seminar is now regarded as one of the premier events on the world energy calendar, bringing together Ministers from OPEC Member Countries and other oil-producing countries, heads of intergovernmental organizations, chief executives of national and international oil companies, other industry leaders, renowned academics, analysts and media.
The 5th OPEC International Seminar, held in Vienna’s historic Hofburg Palace on 13–14 June 2012, focussing on the theme ‘Petroleum: Fuelling Prosperity, Supporting Sustainability’. The latest in the series of Seminars, which began in 2001, provided fresh impetus to key industry issues and developed existing and new avenues of dialogue and cooperation.

Secret Exemptions Allowed Speculators to Distort Futures Markets

FACTBOX: NYSE enters the ICE Age

Intercontinental Exchange to buy NYSE

IntercontinentalExchange (ICE): Delivering same-day response to regulatory requests

Derivatives still a ticking time bomb! Sept 2011

Jeff Sprecher, Chairman & CEO, IntercontinentalExchange

**MUST SEE** The Real Reason Gas Prices Are High – Best Explanation!

Will CFTC Limit Excessive Speculation?

Gas Prices & Oil Speculation

Oil Market Manipulation, Gas Prices, Energy Exploration, Securities Exchange Commission

How Wall St Speculation Drives Up Gas Prices

Find Out How Gasoline Gets to Your Tank

IntercontinentalExchange, Inc.,

“…IntercontinentalExchange, Inc., known as ICE, is an American financial company that operates Internet-based marketplaces which trade futures and over-the-counter (OTC) energy and commodity contracts as well as derivative financial products. While the company’s original focus was energy products (crude and refined oil, natural gas, power, and emissions), recent acquisitions have expanded its activity into the “soft” commodities (sugar, cotton and coffee), foreign exchange and equity index futures.

In 2011, ICE and NASDAQ OMX Group joined forces to bid against Deutsche Börse after the latter announced a $9.5 billion deal to merge with NYSE Euronext. The two U.S. bidders and then the German exchange ultimately withdrew after their bids encountered regulatory antitrust resistance. In December 2012 NYSE Euronext agreed to be acquired by ICE pending regulator approval.

ICE is organized into three business lines:

  • ICE Markets — futures, options, and OTC markets. Energy futures are traded via ICE Futures Europe; soft commodity futures/options are handled by ICE Futures U.S.
  • ICE Services — electronic trade confirmations and education.
  • ICE Data — electronic delivery of market data, including real-time trades, historical prices and daily indices.

Contracts sold through ICE Futures U.S. are processed through a subsidiary, ICE Clear U.S. (ICEUS). In May 2008, ICE launched its own Clearing House, ICE Clear, with divisions for Europe, US, Canada & Trust (ICEU).[2]

Headquartered in Atlanta, ICE also has offices in Calgary, Chicago, Houston, London, New York and Singapore, with regional telecommunications hubs in Chicago, New York, London and Singapore.

History

In the late 1990s, Jeffrey Sprecher, ICE’s founder, chairman, and Chief Executive Officer, acquired Continental Power Exchange, Inc. with the objective of developing an Internet-based platform to provide a more transparent and efficient market structure for OTC energy commodity trading. In May 2000, IntercontinentalExchange (ICE) was established, with its founding shareholders representing some of the world’s largest energy traders. The company’s stated mission was to transform OTC trading by providing an open, accessible, multi-dealer, around-the-clock electronic energy exchange. The new exchange offered the trading community better price transparency, more efficiency, greater liquidity and lower costs than manual trading.

In June 2001, ICE expanded its business into futures trading by acquiring the International Petroleum Exchange (IPE), now ICE Futures Europe, which operated Europe’s leading open-outcry energy futures exchange. Since 2003, ICE has partnered with the Chicago Climate Exchange (CCX) to host its electronic marketplaces. In April 2005, the entire ICE portfolio of energy futures became fully electronic. In April 2010 ICE bought CCX’s owner Climate Exchange PLC for 395 million pounds ($622 million). Climate Exchange PLC also owns the European Climate Exchange (ECX).[3]

ICE became a publicly traded company on November 16, 2005, and was added to the Russell 1000 Index on June 30, 2006. The company expanded rapidly in 2007, acquiring the New York Board of Trade (NYBOT),[4] ChemConnect (a chemical commodity market), and the Winnipeg Commodity Exchange. In March 2007 ICE made an unsuccessful $9.9 billion bid for the Chicago Board of Trade, which was instead acquired by the Chicago Mercantile Exchange.[5]

In January 2008, ICE partnered with TSX Group’s Natural Gas Exchange, expanding their offering to clearing and settlement services for physical OTC natural gas contracts.[6]

NYSE Euronext

In February 2011, in the wake of an announced merger of NYSE Euronext with Deutsche Borse, speculation developed that ICE and Nasdaq could mount a counter-bid of their own for NYSE Euronext. ICE was thought to be looking to acquire the American exchange’s derivatives business, Nasdaq its cash equities business. As of the time of the speculation, “NYSE Euronext’s market value was $9.75 billion. Nasdaq was valued at $5.78 billion, while ICE was valued at $9.45 billion.”[7] Late in the month, Nasdaq was reported to be considering asking either ICE or the Chicago Merc (CME) to join in what would be probably be an $11-12 billion counterbid for NYSE.[8] On April 1, ICE and Nasdaq made an $11.3 billion offer which was rejected April 10 by NYSE. Another week later, ICE and Nasdaq sweetened their offer, including a $.17 increase per share to $42.67 and a $350 million breakup fee if the deal were to encounter regulatory trouble. The two said the offer was a $2 billion (21%) premium over the Deutsche offer and that they had fully committed financing of $3.8 billion from lenders to finance the deal.[9] The Justice Department, also in April, “initiated an antitrust review of the proposal, which would have brought nearly all U.S. stock listings under a merged Nasdaq-NYSE.” In May, saying it “became clear that we would not be successful in securing regulatory approval,” the Nasdaq and ICE withdrew their bid.[10] The European Commission then blocked the Deutsche merger on 1 February 2012, citing the fact that the merged company would have a near monopoly.[11][12]

In December 2012, ICE announced it would buy NYSE Euronext for $8 billion, pending regulatory approval. Jeffrey Sprecher will retain his position as Chairman and CEO.[13] The boards of directors of both ICE and NYSE Euronext approved the acquisition.[14]

 Key subsidiaries subject to regulation

 ICE Clear Credit LLC

  • see main article ICE Clear Credit LLC
  • Clearing entity for credit default swaps (CDS)
  • Regulated by
    • CFTC – Derivatives Clearing Organization
    • SEC – Registered Securities Clearing Agency

ICE Clear Europe Limited

  • Clearing entity for credit default swaps (CDS)
  • CFTC – Derivatives Clearing Organization
  • Regulated by
    • SEC – Registered Securities Clearing Agency
    • U.K. Financial Services Authority (FSA) – Recognised Clearing House
    • U.K Financial Services Authority (FSA) – Settlement Finality Designation (SFD) under the Financial Markets and Insolvency Regulations 1999
    • Bank of England (U.K.s central bank) – regulated as an Inter-Bank Payment System (Banking Act 2009)

ICE Futures U.S., Inc.

  • Trades futures and options in three main areas
    • Agricultural – e.g. Sugar No. 11, Cotton No. 2
    • Currency – e.g. U.S. Dollar Index, more than 50 currency pairs
    • Equity index – e.g. Russell Indexes
  • Regulated by
    • CFTC – Exchange

ICE Clear U.S., Inc.

  • Clears products traded on ICE Futures U.S., Inc.
  • Regulated by
    • CFTC – Exchange

Commodities traded on the exchange

  • Coal
  • Crude and Refined products
  • Emissions
  • Natural Gas
  • Power
  • Cocoa
  • Coffee C
  • Cotton No. 2
  • FCOJ A
  • Orange juice concentrate
  • Sugar No. 11
  • Russell Indices
  • US Dollar Index
  • Iron Ore Swaps

http://en.wikipedia.org/wiki/IntercontinentalExchange

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Give President Obama What He Wants A Massive Tax Increase–Jump Barack Jump!–Republican Senator Paul’s $3 Trillion Budget for Fiscal Year 2014 Would Really Cut Over $500 Billion in Spending–A Balanced Approach Leading To A Balanced Budget!–Videos

Posted on December 28, 2012. Filed under: American History, Banking, Blogroll, Business, Communications, Demographics, Diasters, Economics, Education, Employment, Federal Government, Federal Government Budget, Food, Foreign Policy, government, government spending, Health Care, history, Inflation, Investments, Law, liberty, Life, Links, Macroeconomics, media, Monetary Policy, Money, People, Philosophy, Politics, Programming, Psychology, Public Sector, Radio, Rants, Raves, Regulations, Strategy, Talk Radio, Tax Policy, Taxes, Television, Unemployment, Unions, Video | Tags: , , , , , , , , |

senator_rand_paul

Passerby pushes suicide jumper off bridge in frustration

China bridge jumper ‘gets a push’ 1

The Deal with Jack Hunter: Ignoring Rand Paul’s Budget

Sen. Rand Paul: People in Congress Don’t Deserve to Manage Any More Money

Rand Paul: We Should Let Dems Raise Taxes And Then Let Them Own It -

Rand Paul: We Should Let Democrats Raise Taxes

Rand Paul On The Fiscal Cliff: Spending Cuts Are Fiction, The Tax Increases Should Be Too

Sen. Rand Paul on $500B in Spending Cuts: The American People Are Ready

Senator Rand Paul on Neil Cavuto about $500 Billion spending cut S.162

TEA PARTY THE ANSWER TO GOVT. SPENDING?: Sen. Rand Paul: $500 billion budget cuts

Rand Paul: I’m Mad At My Dad! I Had 500 Billion In Cuts, Now He Comes Out With A Trillion!

Since President Obama wants to grow government and make all Americans dependent upon the Government and Democratic Party, let the Democratic Party and Obama jump from the fiscal cliff.

They will own the resulting recession and will be committing political suicide.

Do not negotiate with a person or party that wants to jump off the cliff by raising taxes on all Americans.

The Republican Party should stop negotiating with the person responsible with the massive spending problem resulting in huge deficits and over $5 trillion of new national debt.

Neither the Democratic Party led by President Obama, Senate Majority Leader Harry Reid and House Minority Leader Nancy Pelosi nor the Republican Party led by House Speaker Boehner, House Majority Leader Eric Cantor and Senate Minority Leader Mitch McConnell, are capable of balancing the budget of the U.S. government.

The table below summarizes the failed 10 year record of both political parties in controlling government spending that have produced massive fiscal-year deficits and an ever increasing national debt.

Summary of Tax Receipts and Spending Outlays of theUnited States Government for Fiscal Years 2002-2012[in million of dollars]
Fiscal Year Tax Receipts Spending Outlays Deficits (+)  or Surplus (-)
2002 1,853,225 2,011,016 157,791
2003 1,782,108 2,159,246 377,139
2004 1,879,783 2,292,628 412,845
2005 2,153,350 2,472,095 318,746
2006 2,406,675 2,654,873 248,197
2007 2,567,672 2,729,199 161,527
2008 2,523,642 2,978,440 454,798
2009 2,104,358 3,520,082 1,415,724
2010 2,161,728 3,455,931 1,294,204
2011 2,302,495 3,601,109 1,298,614
2012 2,449,093 3,538,286 1,089,193
Source: Department of the Treasury, Final Monthly Treasury Statements of Receipts and Outlays of the United States Government for Fiscal Years 2002-2012, table 1.

Simply tell the American people that the Republican Party wants no tax increase for any American and is willing to have a Fiscal Year 2014 budget of $3 trillion that represents a real spending cut of over $500 billion.

Obama rejected the proposal and jumped. Rest in peace.

Pass Senator Rand Paul’s $500 billion spending cuts for Fiscal Year 2014!

FINANCIAL MANAGEMENT SERVICE STAR - TREASURY FINANCIAL DATABASE TABLE 1. SUMMARY OF RECEIPTS, OUTLAYS AND THE DEFICIT/SURPLUS BY MONTH OF THE U.S. GOVERNMENT (IN MILLIONS) ACCOUNTING DATE: 11/12 PERIOD RECEIPTS OUTLAYS DEFICIT/SURPLUS (-) + ____________________________________________________________ _____________________ _____________________ _____________________ PRIOR YEAR OCTOBER 163,072 261,539 98,466 NOVEMBER 152,402 289,704 137,302 DECEMBER 239,963 325,930 85,967 JANUARY 234,319 261,726 27,407 FEBRUARY 103,413 335,090 231,677 MARCH 171,215 369,372 198,157 APRIL 318,807 259,690 -59,117 MAY 180,713 305,348 124,636 JUNE 260,177 319,919 59,741 JULY 184,585 254,190 69,604 AUGUST 178,860 369,393 190,533 SEPTEMBER 261,566 186,386 -75,180 YEAR-TO-DATE 2,449,093 3,538,286 1,089,193 CURRENT YEAR OCTOBER 184,316 304,311 119,995 NOVEMBER 161,730 333,841 172,112 YEAR-TO-DATE 346,045 638,152 292,107 - - - - - - - - 0REPORT ID: STM0P081 USER ID : DATE: 2012-12-10 TIME: 18.47.19 PAGE http://www.fms.treas.gov/mts/mts1112.txt
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Dick Armey Leaves FreedomWorks and Impact On The Tea Party–Videos

Posted on December 27, 2012. Filed under: American History, Banking, Blogroll, College, Communications, Economics, Education, Employment, Federal Government, Federal Government Budget, Fiscal Policy, Foreign Policy, government, government spending, history, Inflation, Language, Law, liberty, Life, Links, Macroeconomics, media, Medicine, Monetary Policy, Money, People, Philosophy, Politics, Psychology, Raves, Religion, Tax Policy, Taxes, Unemployment, Video, War, Wealth | Tags: , , , , , , , |

 dick_armey_matt_kibble

Tea Party Turmoil: FreedomWorks’ Dick Armey Takes $8 Million Exit Buyout After Failed

DemocracyNow.org – Former House majority leader Dick Armey attempted a coup within his own Tea Party-linked nonprofit FreedomWorks earlier this year. When that failed, he took an $8 million payout from a millionaire Republican donor to leave. The incident highlighted what is believed to be growing turmoil inside the Tea Party movement after it rose to prominence ahead of the 2010 election. We’re joined by Politico reporter Ken Vogel. “[Armey] did in fact take a hit when he decided to go all in with FreedomWorks and refashion himself as the Tea Party leader,” Vogel says. “There has always been this tug of war in the Tea Party between national groups that have deep-pocketed contributors and benefactors and the actual grassroots.”

To watch the entire weekday independent news hour, read the transcript, download the podcast, search our vast archive, or to find more information about Democracy Now! and Amy Goodman, visit http://www.democracynow.org.

Former Tea Party Leader Ridicules GOP Candidates

Dick Armey’s Armed Tea Party Coup

[yourtube=http://www.youtube.com/watch?v=xU5P6V5bQx0]

Dick Armey Breaks Ranks With FreedomWorks

Did Koch Brothers’ Tea Party Group Pay Republican Leader to Leave?

FreedomWorks’ Matt Kibbe on CSPAN discussing the fiscal cliff

FreedomWorks “My 2012 GOP Platform” discussion with Glenn Beck 7.25.12

Glenn Beck – What do conservatives do next?

Dick Armey: Tea Party Debt Commission on CNN’s American Morning

Book TV: Dick Armey “Give Us Liberty: A Tea Party Manifesto”

Matt Kibbe of Freedomworks Discusses the Tea Party Movement

Tea Time with Max Pappas: Matt Kibbe on Hostile Takeover, Part 1

 
 
Tea Time with Max Pappas: Matt Kibbe, Part 2

Freedomworks’ Matt Kibbe on the Hostile Takeover of The GOP

Give Us Liberty? Q&A with Dick Armey & Matt Kibbe of Freedom Works

 

Inside the Dick Armey, FreedomWorks split

By KENNETH P. VOGEL

“…Dick Armey left the deep-pocketed tea party group he helped build over a clash with a top lieutenant who Armey and others in the organization believed was using the group’s resources to pad his pockets, POLITICO has learned.

Armey received an $8 million buyout to step down as chairman of FreedomWorks at the end of last month, but the dispute between him and the group’s president, Matt Kibbe, is still straining the organization.

And the turmoil could have far-reaching implications, since FreedomWorks has been among the leading Washington, D.C., groups pressuring Republicans to take a more conservative tact on the fiscal cliff negotiations and other fiscal matters.

(Also on POLITICO: Report: Armey quits FreedomWorks)

The tensions at FreedomWorks, brewing for months, boiled over this summer when Armey balked at a deal that Kibbe struck with HarperCollins to write a book called “Hostile Takeover: Resisting Centralized Government’s Stranglehold on America,” which was released in June.

Armey was concerned that Kibbe structured the deal to personally profit from the book despite relying on FreedomWorks staff and resources to research, help write and promote it — an arrangement he and others at the group believed could jeopardize its tax-exempt status. (In 2010, Kibbe and Armey co-authored a book through HarperCollins, “Give Us Liberty: A Tea Party Manifesto,” that was written with significant help from FreedomWorks staff and all proceeds had gone to the organization.)

So Armey declined to sign a memorandum presented to him in his capacity as a member of the board of trustees stating that the book was written without significant FreedomWorks resources and clearing the way for Kibbe to personally own the rights to the book and any royalties from it, multiple sources familiar with the arrangement told POLITICO.

Asked about his refusal to sign the memorandum, Armey, a former House Republican leader, said, “What bothered me most about that was that he was asking me to lie, and it was a lie that I thought brought the organization in harm’s way.”

After Armey’s concerns came to the attention of the organization’s board at a late August meeting in Jackson Hole, Wyo., Kibbe and the group’s executive vice president, Adam Brandon, were placed on administrative leave in early September and had their cell phones taken away.

Brandon said the board was made aware of the book project months earlier, and Kibbe maintains that the leave didn’t stem from questions about the book deal.

Rather, he said “there was a dispute” with Armey over “competing visions for what FreedomWorks should become and ultimately, the board decided that we fit the vision of the organization.” …”

Read more: http://www.politico.com/story/2012/12/dick-armey-freedomworks-president-clashed-over-book-deal-84599.html#ixzz2GIqWB2fh

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Ron Paul for Speaker of The House–Balance The Budget Now–Real Numbers, Real Cuts–Videos

Posted on December 27, 2012. Filed under: American History, Banking, Blogroll, College, Communications, Economics, Education, Energy, Federal Government, Federal Government Budget, Fiscal Policy, government, government spending, Health Care, history, History of Economic Thought, Investments, Language, Law, liberty, Life, Links, Macroeconomics, media, Monetary Policy, Money, Tax Policy | Tags: , , , , , , , , |

ron-paul

Time for the Tea Party to put forward Ron Paul as Speaker of the House.

You do not need to be a sitting Congressman to be elected Speaker.

Paul would balance the budget by cutting spending by $1 trillion in fiscal year 2014 and not increase the debt ceiling or taxes.

The Republican Party would stand for something.

Sure beats John Boehner, read my lips, no new taxes. Really?

F*ck the Fiscal Cliff…

NO COMPROMISE on Fiscal Cliff!!!!

Ron Paul: “My Proposal is Cut $1 Trillion First Year & Balance Budget in 3″

Ron Paul: Bring the Troops Home & Balance the Budget

Ron Paul Plan to Balance Budget and End Government Overspending

Reality Check: Ron Paul’s Budget Plan

Ron Paul vs Paul Ryan’s Budget Cuts

Ron Paul: Zero Chance for Big Bargain on Fiscal Cliff.

 

Ron Paul: What if the People Wake Up?

Mark Levin: Get the Hell Off the Stage Boehner, You’re a SCREW UP!

MICHAEL SAVAGE – WE NEED A NATIONALIST PARTY NOW! – 12/26/12

 

Michael Savage: Is The Tea Party Relevant Anymore?

Michael Savage on Boehner, RNC “THROW EM’ OUT!” 8/28/2012

Defeat John Boehner

GOP, Boehner Loses Control Of The TeaParty Monster

Congressman Justin Amash Kicked Off The House Budget Committee By Speaker

Speaker of the House John Boehner Booed By Ron Paul Supporters Over Rule Change

1988: When Bush Said Read My Lips

ron_paul_constitution_founding_fathers

Background Articles and Videos

how_congress_spends_your_money

U.S. Debt Clock

http://www.usdebtclock.org/

$16 Trillion U.S. DEBT – A Visual Perspective

What Are the Dangers of Too Much Debt?

Does Government Have a Revenue or Spending Problem?

Funding Government by the Minute

Will Higher Tax Rates Balance the Budget?

Will Taxing the Rich Fix the Deficit?

What Can We Cut to Balance the Budget

Does Stimulus Spending Work?

The table below summarizes the failed 10 year record of both political parties in controlling government spending that have produced massive fiscal-year deficits and an ever increasing national debt.

Summary of Tax Receipts and Spending Outlays of the

United States Government for Fiscal Years 2002-2012

[in million of dollars]

Fiscal Year Tax Receipts Spending Outlays Deficits (+) or Surplus (-)
2002 1,853,225 2,011,016 157,791
2003 1,782,108 2,159,246 377,139
2004 1,879,783 2,292,628 412,845
2005 2,153,350 2,472,095 318,746
2006 2,406,675 2,654,873 248,197
2007 2,567,672 2,729,199 161,527
2008 2,523,642 2,978,440 454,798
2009 2,104,358 3,520,082 1,415,724
2010 2,161,728 3,455,931 1,294,204
2011 2,302,495 3,601,109 1,298,614
2012 2,449,093 3,538,286 1,089,193
Source: Department of the Treasury, Final Monthly Treasury Statements of Receipts and Outlays of the United States Government for Fiscal Years 2002-2012, table 1.

Neither the Democratic Party led by President Obama, Senate Majority Leader Harry Reid and House Minority Leader Nancy Pelosi nor the Republican Party led by House Speaker Boehner, House Majority Leader Eric Cantor and Senate Minority Leader Mitch McConnell, are capable of balancing the budget of the U.S. government.

FINANCIAL MANAGEMENT SERVICE STAR - TREASURY FINANCIAL DATABASE TABLE 1. SUMMARY OF RECEIPTS, OUTLAYS AND THE DEFICIT/SURPLUS BY MONTH OF THE U.S. GOVERNMENT (IN MILLIONS) ACCOUNTING DATE: 11/12 PERIOD RECEIPTS OUTLAYS DEFICIT/SURPLUS (-) + ____________________________________________________________ _____________________ _____________________ _____________________ PRIOR YEAR OCTOBER 163,072 261,539 98,466 NOVEMBER 152,402 289,704 137,302 DECEMBER 239,963 325,930 85,967 JANUARY 234,319 261,726 27,407 FEBRUARY 103,413 335,090 231,677 MARCH 171,215 369,372 198,157 APRIL 318,807 259,690 -59,117 MAY 180,713 305,348 124,636 JUNE 260,177 319,919 59,741 JULY 184,585 254,190 69,604 AUGUST 178,860 369,393 190,533 SEPTEMBER 261,566 186,386 -75,180 YEAR-TO-DATE 2,449,093 3,538,286 1,089,193 CURRENT YEAR OCTOBER 184,316 304,311 119,995 NOVEMBER 161,730 333,841 172,112 YEAR-TO-DATE 346,045 638,152 292,107 - - - - - - - - 0REPORT ID: STM0P081 USER ID : DATE: 2012-12-10 TIME: 18.47.19 PAGE http://www.fms.treas.gov/mts/mts1112.txt

Ron Paul- Discussing The Fiscal Cliff- John Stossel Show

Woodward: Obama Would Own Recession From Going Over Fiscal Cliff

Peter Schiff: Fed Will Keep Printing Money Until Economy Collapses

Marc Farber: The problem with President Obama & Recession 2013!

CNBC Global Recession Is Coming – Marc Faber

Will Taxing the Rich Deepen the Recession? – The “Fiscal Cliff” is a Scam

Fiscal Cliff An Artificial Crisis

Show News: Hume Boehner has a weak hand in fiscal cliff talks

Peter Schiff: Ben Bernanke throws the dollar over the Currency Cliff

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National Rifle Association Recommends Armed Police Officers At Schools–Common Sense Response–Video School Shooting Games and SSRI Antidepressant Drugs–Videos

Posted on December 21, 2012. Filed under: Blogroll, Communications, Economics, Education, Federal Government Budget, government, government spending, High School, Law, liberty, Life, Links, media, People, Philosophy, Pistols, Politics, Psychology, Rants, Raves, Regulations, Resources, Rifles, Taxes, Technology, Video, Weapons, Wisdom | Tags: , , , , , , , , , , , , |

 

National Rifle Association Holds News Conference In Wake Of Newtown School Shooting

NRA Press Confrence: Wayne LaPierre Calls For Armed Police Officers in every school

NRA Calls for Armed Police Officer in Schools

N.R.A. Press Conference: Group Calls for Armed Guards in Schools

RE: ‘NRA killing our kids!': Video of protesters disrupting NRA’s LaPierre speech

SSRI Drugs are Dangerous!

Correlation Between Prescription Drugs, Children, Violence

Dangerous Side Effects of Antidepressants

 

Easily Accessible School Shooting Games

Lets Play School Shooter 2011 GOTY

School Shooter: North American Tour 2012 – Gameplay Video #2

THE SAVAGE NATION (HOUR 1) 12-14-2012 [Shooting in Newtown, Connecticut]

Chris Greene “SSRI Drugs are responsible for School Massacre”

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This Is The End–Repent The End Is Near–December 21, 2012, 5 A.M.–The Mayan Prediction–World Rebooted–Here Comes The Sun–Sunshine On My Shoulder–Videos

Posted on December 20, 2012. Filed under: Babies, Communications, Cult, Culture, Diasters, Entertainment, Films, liberty, Life, Links, media, People, Philosophy, Psychology, Technology, Video, Wisdom | Tags: , , , , , , , , , , |

the_end

mayan_calende

The Doors – The End (1967) 

2012 & The End Of The World

ScienceCasts: Why the World Didn’t End Yesterday

2012 The Mayan Prediction

2012 DNA CHANGE MAYAN CALENDER NEW CYCLE EVOLUTION CROP CIRCLE

THE BEATLES- HERE COMES THE SUN

sunshine on my shoulder

Merry Christmas

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Obama Puts Biden in Charge of Gun Policy Review –Joe Biden’s “Beretta” Shotgun–Fire, Ready, Aim–The Black Genocide–Videos

Posted on December 19, 2012. Filed under: Babies, Blogroll, Communications, Demographics, Diasters, government, government spending, Law, liberty, Life, Links, media, People, Philosophy, Politics, Radio, Rants, Raves, Strategy, Talk Radio, Unemployment, Video, Wisdom | Tags: , , , , , , |

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Biden 2008: If Obama ‘tries to fool with my Beretta, he’s got a problem’

Obama Puts Biden in Charge of Gun Policy Review 

George Will: Tougher Gun Laws, Assault Weapons Ban Won’t Help

White House Publicizes Ideas on Gun Control

Joe Biden’s shotgun

Joe Biden’s Greatest Hits

Joe Biden Says Obama Should be Impeached

Assault Rifles: Behind The Propaganda

Guy With Awesome Aim Blasts His New Beretta Shotgun – Xtrema2

Barack Obama Addresses Planned Parenthood

Margaret Sanger, Planned Parenthood’s Racist Founder

The Black Genocide (Maafa21)

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Eagle Snatches Kid–Video

Posted on December 19, 2012. Filed under: Babies, Blogroll, Communications, Culture, Education, Food, Law, liberty, Life, Links, media, People, Video | Tags: , , , , |

eagle-snatching-a-kid-canada-nationalturk

egale_snatches_kid

Golden Eagle Snatches Kid

Fly Like An Eagle Steve Miller Band

Midnight Special-Steve Miller Band  “Fly Like An Eagle”

fly-like-an-eagle

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Bath School Massacre–May 18, 1927–Videos

Posted on December 18, 2012. Filed under: Blogroll, Books, College, Communications, Culture, Diasters, Education, High School, Law, liberty, Life, Links, media, People, Radio, Rants, Raves, Video, Wisdom | Tags: , , , , |

school

Bath School Massacre

Bath Bombing Victims

Bath Massacre book trailer

Plans on Hold for New Bath School Disaster Memorial

bath_school_disaster

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No Spending Cuts, No Tax Cuts, No Balanced Budget, No Spending Cap, No Hope, No Change–Obama Recession–Fiscal Year 2013 Deficit Will Exceed $1 Trillion–We Have A Spending Problem–Videos

Posted on December 18, 2012. Filed under: American History, Banking, Blogroll, Business, College, Communications, Economics, Education, Employment, Federal Government, Federal Government Budget, government, government spending, history, Investments, Law, liberty, Life, Links, Macroeconomics, media, Microeconomics, Monetary Policy, People, Philosophy, Politics, Radio, Rants, Raves, Security, Tax Policy, Taxes, Technology, Unemployment, Video, War, Wisdom | Tags: , , , , , , , , , , , , , , |

U.S. Debt Clock

http://www.usdebtclock.org/

$16 Trillion U.S. DEBT – A Visual Perspective

What Are the Dangers of Too Much Debt?

Does Government Have a Revenue or Spending Problem?

Funding Government by the Minute

Will Higher Tax Rates Balance the Budget?

Will Taxing the Rich Fix the Deficit?

What Can We Cut to Balance the Budget

Does Stimulus Spending Work?

The table below summarizes the failed 10 year record of both political parties in controlling government spending that have produced massive fiscal-year deficits and an ever increasing national debt.

Summary of Tax Receipts and Spending Outlays of the

United States Government for Fiscal Years 2002-2012

[in million of dollars]

Fiscal Year Tax Receipts Spending Outlays Deficits (+)  or Surplus (-)
2002 1,853,225 2,011,016 157,791
2003 1,782,108 2,159,246 377,139
2004 1,879,783 2,292,628 412,845
2005 2,153,350 2,472,095 318,746
2006 2,406,675 2,654,873 248,197
2007 2,567,672 2,729,199 161,527
2008 2,523,642 2,978,440 454,798
2009 2,104,358 3,520,082 1,415,724
2010 2,161,728 3,455,931 1,294,204
2011 2,302,495 3,601,109 1,298,614
2012 2,449,093 3,538,286 1,089,193
Source: Department of the Treasury, Final Monthly Treasury Statements of Receipts and Outlays of the United States Government for Fiscal Years 2002-2012, table 1.

Neither the Democratic Party led by President Obama, Senate Majority Leader Harry Reid and House Minority Leader Nancy Pelosi nor the Republican Party led by House Speaker Boehner, House Majority Leader Eric Cantor and Senate Minority Leader Mitch McConnell, are capable of balancing the budget of the U.S. government.

FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
             TABLE 1.  SUMMARY OF RECEIPTS, OUTLAYS AND THE DEFICIT/SURPLUS BY MONTH OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  11/12

   PERIOD                                                                     RECEIPTS                OUTLAYS    DEFICIT/SURPLUS (-)
+  ____________________________________________________________  _____________________  _____________________  _____________________
   PRIOR YEAR

     OCTOBER                                                                   163,072                261,539                 98,466
     NOVEMBER                                                                  152,402                289,704                137,302
     DECEMBER                                                                  239,963                325,930                 85,967
     JANUARY                                                                   234,319                261,726                 27,407
     FEBRUARY                                                                  103,413                335,090                231,677
     MARCH                                                                     171,215                369,372                198,157
     APRIL                                                                     318,807                259,690                -59,117
     MAY                                                                       180,713                305,348                124,636
     JUNE                                                                      260,177                319,919                 59,741
     JULY                                                                      184,585                254,190                 69,604
     AUGUST                                                                    178,860                369,393                190,533
     SEPTEMBER                                                                 261,566                186,386                -75,180

       YEAR-TO-DATE                                                          2,449,093              3,538,286              1,089,193

   CURRENT YEAR

     OCTOBER                                                                   184,316                304,311                119,995
     NOVEMBER                                                                  161,730                333,841                172,112

       YEAR-TO-DATE                                                            346,045                638,152                292,107
-
-
-
-
-
-
-
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0REPORT ID: STM0P081
 USER ID  :     
 DATE: 2012-12-10 TIME: 18.47.19                                                                                         PAGE 
http://www.fms.treas.gov/mts/mts1112.txt

Ron Paul- Discussing The Fiscal Cliff- John Stossel Show

GOP offers fiscal cliff ‘plan b’

US fiscal cliff & options at hand

Woodward: Obama Would Own Recession From Going Over Fiscal Cliff

Peter Schiff: Fed Will Keep Printing Money Until Economy Collapses

Marc Farber: The problem with President Obama & Recession 2013!

CNBC Global Recession Is Coming – Marc Faber

Will Taxing the Rich Deepen the Recession? – The “Fiscal Cliff” is a Scam

Fiscal Cliff An Artificial Crisis

Show News: Hume Boehner has a weak hand in fiscal cliff talks

Peter Schiff: Ben Bernanke throws the dollar over the Currency Cliff

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Tragedy in Newtown, Connecticut: School Shooting–20 Children and 8 Adults Killed–Videos

Posted on December 14, 2012. Filed under: Babies, Blogroll, Communications, Crime, Culture, Diasters, Education, Law, liberty, Life, Links, media, People, Philosophy, Politics, Psychology, Radio, Rants, Raves, Talk Radio, Video, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , |

NewtownMap

newtown_shooting

Sandy_hook_Elementary_School

Sandy Hook Elementary School Shooting Newtown CT Tribute

ALLISON N. WYATT, 6
BENJAMIN WHEELER, 6
VICTORIA SOTO, 27, teacher
MARY SHERLACH, 56, school psychologist
LAUREN GABRIELLE ROUSSEAU, 30, teacher
AVIELLE RICHMAN, 6
JESSICA REKOS, 6
CAROLINE PREVIDI, 6
NOAH POZNER, 6
JACK PINTO, 6
EMILIE PARKER, 6
ANNE MARIE MURPHY, 52, teacher
GRACE AUDREY McDONNELL, 7
JAMES MATTIOLI, 6
ANA MARQUEZ-GREENE, 6
JESSE LEWIS, 6
NANCY LANZA, 52, gunman’s mother
CHASE KOWALSKI, 7
CATHERINE HUBBARD, 6
MADELEINE HSU, 6
DYLAN HOCKLEY, 6
DAWN HOCHSPRUNG, 47, principal
JOSEPHINE GAY, 7
OLIVIA ENGEL, 6
RACHEL D’AVINO, 29
DANIEL BARDEN, 7
CHARLOTTE BACON, 6

New Details of Gunman Adam Lanza’s Movement Inside School

Newtown, Connecticut School Shooting: Adam Lanza – Who Was Shooter?

Connecticut School Shooting: President Barack Obama speaks at Sandy Hook Victims Vigil 

Weekly Address: Nation Grieves for Those Killed in Tragic Shooting in Newtown, CT

Tragedy at Sandy Hook Elementary School: What Happened During Newtown, Connecticut Shooting?

Reflecting on Newtown, Connecticut Shooting, Gun Control in America ‘This Week’

Media Rush to Identify Shooter, Get it Wrong

Connecticut Shooter Developmentally Disabled Killed Parents Girlfriend Adam

Adam Lanza: What set him off?

History of Adam Lanza the Sandy Hook Elementary School Shooter in Newtown

Why Did NewTown Shooter Adam Lanza The SandyHook Killer Snap?

Newtown, Connecticut Shooting: Motivations Behind Mass Shootings – ABC News

Sandy Hook Elementary School Shooting – Newtown, Connecticut Administrators, Students Among Victims

Many Dead In Newtown, Connecticut, US School Shooting

Mass Shooting Suspect Kills Own Mother Sandy Hook Elementary School Shooting Newtown CT.

School Shooting In Newtown, Connecticut

Sandy Hook Elementary School Newtown Ct 18 children dead in Conn. school shooting

27 Dead, Including 18 Children, At Sandy Hook School Shooting In Newtown

Mass Shooting Suspect Kills Own Mother Sandy Hook Elementary School Shooting Newtown

Massacre 29 Dead Including 20 Children Sandy Hook Elementary School Shooting Newtown, Ct. 12-14-12

School Shooting Sandy Hook Elementary in Newtown Connecticut – School Shooting News Coverage

27 Killed Sandy Hook Elementary School Shooting Newtown Connecticut 18 Children 9 Adults Dead

Obama Breaks Down In Tears As He Speaks About “Children” Killed In Newtown, CT

Mass Shooting in Newtown, Connecticut – Gun Control At Last?

THE SAVAGE NATION (HOUR 1) 12-14-2012 [Shooting in Newtown, Connecticut]

Piers Morgan gun control debate, re Connecticut massacre

Mark Levin-On Gun Control with Author John Lott

Guns versus Crime | John R. Lott, Jr.

JOHN LOTT: MORE GUNS = LESS CRIME – Gun Control Myths

Eric Holder: ‘We Have to Ask Ourselves Some Hard Questions About Gun Rights’

In ’95, Holder called for anti-gun info campaign: ‘Brainwash people into thinking about guns in a vastly different way’

NRA: “Assault Weapons”, the Clinton Gun Ban Story 

Obama’s Assault Weapons Ban 

Obama’s Bizarre Anti Gun Rant At The Presidential Debates (FULL) Gun Control

Gun Control explained

John Stossel – Gun Laws That Kill

OBAMA Pushes to ban guns

TOTAL Gun Ban

Penn & Teller: Bullshit! – Gun Control

I am Adam Lanza’s Mother

It’s time to talk about mental illness

“…Friday’s horrific national tragedy—the murder of 20 children and six adults at Sandy Hook Elementary School in New Town, Connecticut—has ignited a new discussion on violence in America. In kitchens and coffee shops across the country, we tearfully debate the many faces of violence in America: gun culture, media violence, lack of mental health services, overt and covert wars abroad, religion, politics and the way we raise our children. Liza Long, a writer based in Boise, says it’s easy to talk about guns. But it’s time to talk about mental illness.

Three days before 20 year-old Adam Lanza killed his mother, then opened fire on a classroom full of Connecticut kindergartners, my 13-year old son Michael (name changed) missed his bus because he was wearing the wrong color pants.

“I can wear these pants,” he said, his tone increasingly belligerent, the black-hole pupils of his eyes swallowing the blue irises.

“They are navy blue,” I told him. “Your school’s dress code says black or khaki pants only.”

“They told me I could wear these,” he insisted. “You’re a stupid bitch. I can wear whatever pants I want to. This is America. I have rights!”

“You can’t wear whatever pants you want to,” I said, my tone affable, reasonable. “And you definitely cannot call me a stupid bitch. You’re grounded from electronics for the rest of the day. Now get in the car, and I will take you to school.”

I live with a son who is mentally ill. I love my son. But he terrifies me.

A few weeks ago, Michael pulled a knife and threatened to kill me and then himself after I asked him to return his overdue library books. His 7 and 9 year old siblings knew the safety plan—they ran to the car and locked the doors before I even asked them to. I managed to get the knife from Michael, then methodically collected all the sharp objects in the house into a single Tupperware container that now travels with me. Through it all, he continued to scream insults at me and threaten to kill or hurt me.

That conflict ended with three burly police officers and a paramedic wrestling my son onto a gurney for an expensive ambulance ride to the local emergency room. The mental hospital didn’t have any beds that day, and Michael calmed down nicely in the ER, so they sent us home with a prescription for Zyprexa and a follow-up visit with a local pediatric psychiatrist.

We still don’t know what’s wrong with Michael. Autism spectrum, ADHD, Oppositional Defiant or Intermittent Explosive Disorder have all been tossed around at various meetings with probation officers and social workers and counselors and teachers and school administrators. He’s been on a slew of antipsychotic and mood altering pharmaceuticals, a Russian novel of behavioral plans. Nothing seems to work.

At the start of seventh grade, Michael was accepted to an accelerated program for highly gifted math and science students. His IQ is off the charts. When he’s in a good mood, he will gladly bend your ear on subjects ranging from Greek mythology to the differences between Einsteinian and Newtonian physics to Doctor Who. He’s in a good mood most of the time. But when he’s not, watch out. And it’s impossible to predict what will set him off.

Several weeks into his new junior high school, Michael began exhibiting increasingly odd and threatening behaviors at school. We decided to transfer him to the district’s most restrictive behavioral program, a contained school environment where children who can’t function in normal classrooms can access their right to free public babysitting from 7:30-1:50 Monday through Friday until they turn 18.

The morning of the pants incident, Michael continued to argue with me on the drive. He would occasionally apologize and seem remorseful. Right before we turned into his school parking lot, he said, “Look, Mom, I’m really sorry. Can I have video games back today?”

“No way,” I told him. “You cannot act the way you acted this morning and think you can get your electronic privileges back that quickly.”

His face turned cold, and his eyes were full of calculated rage. “Then I’m going to kill myself,” he said. “I’m going to jump out of this car right now and kill myself.”

That was it. After the knife incident, I told him that if he ever said those words again, I would take him straight to the mental hospital, no ifs, ands, or buts. I did not respond, except to pull the car into the opposite lane, turning left instead of right.

“Where are you taking me?” he said, suddenly worried. “Where are we going?”

“You know where we are going,” I replied.

“No! You can’t do that to me! You’re sending me to hell! You’re sending me straight to hell!”

I pulled up in front of the hospital, frantically waiving for one of the clinicians who happened to be standing outside. “Call the police,” I said. “Hurry.”

Michael was in a full-blown fit by then, screaming and hitting. I hugged him close so he couldn’t escape from the car. He bit me several times and repeatedly jabbed his elbows into my rib cage. I’m still stronger than he is, but I won’t be for much longer.

The police came quickly and carried my son screaming and kicking into the bowels of the hospital. I started to shake, and tears filled my eyes as I filled out the paperwork—“Were there any difficulties with… at what age did your child… were there any problems with.. has your child ever experienced.. does your child have…”

At least we have health insurance now. I recently accepted a position with a local college, giving up my freelance career because when you have a kid like this, you need benefits. You’ll do anything for benefits. No individual insurance plan will cover this kind of thing.

For days, my son insisted that I was lying—that I made the whole thing up so that I could get rid of him. The first day, when I called to check up on him, he said, “I hate you. And I’m going to get my revenge as soon as I get out of here.”

By day three, he was my calm, sweet boy again, all apologies and promises to get better. I’ve heard those promises for years. I don’t believe them anymore.

On the intake form, under the question, “What are your expectations for treatment?” I wrote, “I need help.”

And I do. This problem is too big for me to handle on my own. Sometimes there are no good options. So you just pray for grace and trust that in hindsight, it will all make sense.

I am sharing this story because I am Adam Lanza’s mother. I am Dylan Klebold’s and Eric Harris’s mother. I am James Holmes’s mother. I am Jared Loughner’s mother. I am Seung-Hui Cho’s mother. And these boys—and their mothers—need help. In the wake of another horrific national tragedy, it’s easy to talk about guns. But it’s time to talk about mental illness.

According to Mother Jones, since 1982, 61 mass murders involving firearms have occurred throughout the country. Of these, 43 of the killers were white males, and only one was a woman. Mother Jones focused on whether the killers obtained their guns legally (most did). But this highly visible sign of mental illness should lead us to consider how many people in the U.S. live in fear, like I do.

When I asked my son’s social worker about my options, he said that the only thing I could do was to get Michael charged with a crime. “If he’s back in the system, they’ll create a paper trail,” he said. “That’s the only way you’re ever going to get anything done. No one will pay attention to you unless you’ve got charges.”

I don’t believe my son belongs in jail. The chaotic environment exacerbates Michael’s sensitivity to sensory stimuli and doesn’t deal with the underlying pathology. But it seems like the United States is using prison as the solution of choice for mentally ill people. According to Human Rights Watch, the number of mentally ill inmates in U.S. prisons quadrupled from 2000 to 2006, and it continues to rise—in fact, the rate of inmate mental illness is five times greater (56 percent) than in the non-incarcerated population.

With state-run treatment centers and hospitals shuttered, prison is now the last resort for the mentally ill—Rikers Island, the LA County Jail and Cook County Jail in Illinois housed the nation’s largest treatment centers in 2011.

No one wants to send a 13-year old genius who loves Harry Potter and his snuggle animal collection to jail. But our society, with its stigma on mental illness and its broken healthcare system, does not provide us with other options. Then another tortured soul shoots up a fast food restaurant. A mall. A kindergarten classroom. And we wring our hands and say, “Something must be done.”

I agree that something must be done. It’s time for a meaningful, nation-wide conversation about mental health. That’s the only way our nation can ever truly heal.

God help me. God help Michael. God help us all.

(Originally published at The Anarchist Soccer Mom.)

Liza Long is an author, musician, and erstwhile classicist. She is also a single mother of four bright, loved children, one of whom has special needs.
 

Newtown tragedy could put mental health in spotlight

Liz Szabo

Could the nation’s mental health services be improved in the wake of the Connecticut school shooting?

“…Families and doctors who treat the mentally ill say they hope that Friday’s tragedy in Newtown, Conn., will refocus the nation’s attention on improving mental health services.

Police have not yet released details about the motives or mental state of shooter Adam Lanza. But the perpetrators of similar mass murders — at Virginia Tech, Northern Illinois University and a Tucson gathering for Rep. Gabby Giffords, for example — all suffered from serious mental health conditions.

“We wait for things like this to happen and then everyone talks about mental health,” says Priscilla Dass-Brailsford, an associate professor of psychology in the psychiatry department at Georgetown University Medical Center. “But they quickly forget.”

There are hundreds of multiple-casualty shootings every year, says forensic psychologist Dewey Cornell, director of the Virginia Youth Violence Project. People have become so desensitized to the horror, however, that “It’s gotten to the point where only the ones with high body counts make the news,” he says. “It takes a record number, or something extraordinary, to get our attention.”

Yet mental illness destroys countless lives everyday, he says, contributing to domestic violence and child abuse, drug addiction, homelessness and incarceration. Investing in mental health care and reducing its stigma could help prevent future tragedies, he says.

“Mental health has shrunk down to the level of short-term crisis management,” Cornell says. “If we are going to focus on prevention, we can’t think about the gunman in the parking lot and what to do with him. We have to get involved a lot earlier.”

Schools and communities “have cut their mental health services to the bone,” says Cornell. “We’re paying a price for it as a society.” …”

http://www.usatoday.com/story/news/nation/2012/12/16/newtown-mental-health/1773479/

Gun prosecutions under Obama down over 40 percent

“…Despite his calls for greater gun control, including a new assault weapons ban that extends to handguns, President Obama’s administration has turned away from enforcing gun laws, cutting weapons prosecutions some 40 percent since a high of about 11,000 under former President Bush.

“If you are not going to enforce the laws on the books, then don’t start talking about a whole new wave of new laws,” said a gun rights advocate.

In the wake of the horrific mass killing at Sandy Hook Elementary School in Newtown, Conn., Democratic lawmakers have begun preparing a new collection of anti-gun laws, including renewing the assault weapons ban, banning the purchase of high-capacity clips that spring bullets into guns, and tightening rules on who can buy weapons.

Lawmakers are banking that the public will push for new gun controls. But as with other mass shootings, polls find the public split, and blaming the shooter, not the gun. Pew Research Center for the People & the Press on Monday found that public is evenly divided over whether the Newtown shootings reflect broader problems in American society, 47 percent, or are just the acts of troubled individuals, 44 percent.

Figures collected by Syracuse University’s TRAC project, the authority on prosecutions from the Bureau of Alcohol, Tobacco and Firearms, shows that the administration has reduced the focus on gun crimes and instead steered prosecutors and investigators to drug crimes.

Gun prosecutions peaked at 10,937 under Bush in 2004. A current TRAC report shows that the Obama administration is prosecuting about 6,000 weapons cases.

According to an October 2011 TRAC report, “There also has been a shifting emphasis towards drug-related investigations. Since ATF-referred prosecutions peaked in FY 2005, the number of weapons prosecutions actually has fallen by 32 percent, a much higher rate than for ATF prosecutions overall. Making up the difference has been the growing number of drug cases, up by 26 percent during the same period.”

In 2011, the Obama gun prosecutions hit a low for the decade, but there has been a slight uptick in prosecutions this year, said another TRAC report.

Second Amendment advocates said on background that they expect Obama to press ATF to boost prosecutions and use the Sandy Hook case, and other mass shootings, to move gun control to the top of his second term agenda. “It’s in his DNA to push this issue,” said one gun-rights official, speaking on background. “This would be his crowning achievement, if he can ban guns,” added the official.

28 Killed in Connecticut School Shooting

“…A gunman opened fire at a Connecticut elementary school where his mother worked, killing 26 people, including 20 children, law-enforcement officials said, in what could be the worst mass shooting at a U.S. elementary or high school.

The shooter was found dead inside Sandy Hook Elementary School in Newtown, located about 65 miles northeast of New York City. State police said another victim was found dead elsewhere in Newtown, putting the total toll at 28.

Law-enforcement officials identified the suspected shooter as Adam Lanza. Officials said the alleged shooter’s mother was a teacher at the school, and she was believed to be among the victims. Earlier, a law-enforcement official incorrectly identified the suspect as Mr. Lanza’s brother, Ryan. Authorities didn’t identify a motive.

The attack at Sandy Hook, a historic village lined with colonial homes in Newtown, began at about 9:40 a.m. and was concentrated around a single classroom, a school bathroom and a hallway, an official said.

Diane Day, a therapist at the school, was sitting with the principal, other staff members and a parent in a routine meeting around 9:30 a.m. when she heard gunshots. “We were there for about five minutes chatting and we heard, ‘pop pop pop,’ ” she said. “I went under the table.”

The principal and school psychologist leaped out of their seats and ran out of the room, Ms. Day said. “They didn’t think twice about confronting or seeing what was going on,” she said.

Without a lock on the door, the school’s lead teacher pressed her body against the door to hold it shut, Ms. Day said. That teacher was shot through the door in the leg and arm. “She was our hero,” Ms. Day said.

Lt. J. Paul Vance, a spokesman for the Connecticut State Police, said that multiple law-enforcement agencies were engaged in “search-warrant activity.” Lt. Vance said investigators were looking “both in and out of state” for information on the gunman but assured the public that they weren’t at risk.

A federal law-enforcement official said a .223 Bushmaster rifle was found in the back of a vehicle at the scene. Two firearms were recovered near the alleged gunman’s body: a Glock and a Sig Sauer, both handguns.

The scene was chaotic as initial reports of a shooting grew steadily worse. Joe Wasik, whose daughter, Alexis, is in the third grade at the school, said his wife called him a little after 10 a.m. after receiving a text from the town’s automated alert system on her phone. Checking his laptop, Mr. Wasik saw the reports of a shooting and raced to the scene.

“There were cars everywhere,” he said, describing a crush of parents at a nearby firehouse where parents were sent to look for their children among those evacuated from the school.

Alexis, who was standing in the crowd, crying, was “a nervous wreck,” he said. Mr. Wasik said his daughter had sheltered in a closet during the shooting, and he wasn’t sure if she had heard the shots.

Mr. Wasik’s wife took their daughter to a cousin’s house to play in an attempt to take her mind off the shooting. He remained in the firehouse to wait for a friend, who was sequestered in another room at the firehouse—an area for parents whose children were still missing.

Mr. Wasik’s voice was still shaking, hours after the massacre. “Pretty much everyone has dispersed, except for parents with missing children,” he said.

President Barack Obama was notified of the attack around 10:30 a.m. by his counterterrorism and homeland security adviser, John Brennan, White House press secretary Jay Carney said.

Mr. Obama spoke on the phone with Federal Bureau of Investigation Director Robert Mueller and Connecticut Gov. Dan Malloy to receive an update on the situation and express his condolences, Mr. Carney said.

Mr. Malloy, in a news conference Friday afternoon, said “you can never be prepared for this kind of incident,” adding that what happened “will leave a mark on this community and every family impacted.”

Mr. Obama delivered an emotional statement from the White House Friday afternoon, tearing up several times as he spoke of the children who were killed. “They had their entire lives ahead of them—birthday, weddings, kids of their own,” Mr. Obama said pausing to wipe tears from his eyes.

Saying he was reacting as a parent of two daughters, he called the shooting a “heinous crime” and vowed to press for meaningful action, regardless of the politics, to prevent more such incidents in the future. “We’ve endured too many of these tragedy in the last few years,” he said.

The death toll at Sandy Hook Elementary, which has nearly 600 students in kindergarten through 4th grade and 42 teachers, exceeds the death at Columbine High School in 1999, which left 12 students and one teacher dead at the hands of two fellow students, who also took their own lives.

In 2007, 33 people including the gunmen were shot and killed on the campus of Virginia Tech in Blacksburg, Va.

Schools nationwide have increased security measures since the fatal shooting at Columbine. Many installed metal detectors, developed detailed crisis plans, implemented policies to keep school doors locked and accessible only by buzzer, and put teachers and staff through training session on how to recognize and deal with threats.

Michael Dorn, executive director of Safe Havens International, a nonprofit that works with thousands of U.S. schools to develop safety plans, said there has been a dramatic improvement in school safety “but so much more” could be done.

A letter sent to Sandy Hook parents earlier this year described a new security protocol put in place at the school. The protocol requires identification for most visitors who must ring a doorbell to gain entry to the school’s front entrance, which is locked after 9:30 a.m.

“If our office staff does not recognize you, you will be required to show identification with a picture ID,” the letter said.

Leigh Libero’s daughter, Joey, would have been in a second-grade classroom Friday morning, but she had a dentist appointment. As Ms. Libero pulled up to the school, she saw just-erected barricades and received an urgent text message from her sister, who works at a television news station in Hartford.

Children were led out the school’s driveway, directly to the firehouse, where parents streamed in “en masse” to locate their children, Ms. Libero said. “This is the perfect New England town,” Ms. Libero said. “You wouldn’t think of this.”

Ms. Libero said parents were trying to determine how the gunman entered the school. The school uses a double-secured door during the day, she said. Visitors approaching the school must press a button to be buzzed in through the outer set of school doors to enter the building.

Carrie Usher, a fourth-grade teacher at Sandy Hook, was having a team meeting with three other teachers while her class worked in the library. They heard gunfire and then the loudspeaker came on with “fighting and crying and maybe some screaming,” sounds of chaos that she said were being broadcast throughout the building.

“The gunfire was just unbelievable it felt like it lasted for five minutes. It wouldn’t stop,” she said.

Three of the teachers jumped out the window of their meeting room, Ms. Usher said, while the fourth remained behind and hid behind bags and boxes. The door opened and someone came in but that person didn’t see the hiding teacher.

Ms. Usher is still uncertain what was broadcast over the loudspeaker. “I think it was fighting,” she said in a phone interview. “I think it was the principal before she was killed put that out there to warn the teachers what was happening. I believe so. We don’t know.” …”

http://washingtonexaminer.com/gun-prosecutions-under-obama-down-over-40-percent-percent/article/2516175#.UM-JbEbCz8B

20 Children Among 28 Dead In Newtown Elementary School Massacre

Gunman Opens Fire Inside Sandy Hook Elementary School Early Friday

“…Twenty children are among 28 people who were killed Friday morning after a gunman opened fire at Sandy Hook Elementary School in Newtown, Conn.

State Police Lt. Paul Vance said 18 children and 6 adults were pronounced dead at that scene. Two other children later died at the hospital. One other person was injured, Vance said.

A 28th victim was found dead at a secondary crime scene, Lance said. He would not elaborate on the details.

Among those dead is the gunman. A source familiar with the investigation identified him as 20-year-old Adam Lanza, CBS News reported. He was found dead inside the building from an apparent self-inflicted gunshot wound, sources told CBS 2.

Law enforcement sources had earlier told CBS News that the gunman was 24-year-old Ryan Lanza, Adam Lanza’s older brother. Ryan Lanza, of Hoboken, New Jersey, is now being questioned by police.

According to an Associated Press report, the confusion over the alleged gunman’s identity occurred when a law enforcement officials, speaking on the condition of anonymity, “mistakenly transposed the brothers’ first names.”

A second official who spoke with the AP said Adam Lanza drove to the scene of the shootings in his mother’s car.  That official also told the wire service Lanza’s girlfriend and another friend are missing in New Jersey.

The AP also reported that a former Jersey Journal staff writer said he spoke with Ryan Lanza, who told the writer his brother may have had his identification.

The shooting has become the second-deadliest school shooting in the nation’s history, exceeded only by the 2007 massacre at Virginia Tech that left 33 people dead.

Lance said the shooting occurred in two different classrooms in one section of the school.

One of the adult victims is Lanza’s mother, Nancy Lanza, a teacher at the school, sources told CBS 2.

A law enforcement source told CBS News two pistols, a Glock and a Sig Sauer, were found in the school and a .223-caliber rifle was found in a car.

An emotional President Barack Obama spoke about the massacre at the White House Friday. Fighting back tears, he said he reacted to the news not just as the president, but as a parent.

“The majority of those who died today are children. Beautiful little kids between the ages of 5 and 10-years-old,” he said. “They had their entire lives ahead of them. Birthdays, graduations, weddings, kids of their own.”

At times, Obama wiped away tears from the corner of his eyes, adding ”Our hearts are broken.”

“As a country, we have been through this too many times,” he said. “These children are our children and we are going to come together to take meaningful action to prevent more tragedies like this regardless of the politics.”

The president ordered that U.S. flags be flown at half-staff through Tuesday. Conn. Gov. Dan Malloy has also ordered all U.S. and state flags be flown at half-staff.

Malloy arrived in Newtown Friday afternoon. His office said several state agencies are working together to coordinate the state’s response.

Speaking a news conference, Malloy called the shooting “a tragedy of unspeakable terms.”

Gunfire erupted inside the school around 9:40 a.m. Parents said they received an automatic message that there had been a shooting incident in the district and that schools were being placed on lockdown.

An 8-year-old student said he was on his way to the school’s office when he saw the gunman.

“I saw some of the bullets going down the hall and then a teacher pulled me into her classroom,” the boy told CBS 2′s Lou Young.

Vance said several agencies, including local and state police, responded to the scene and immediately began a search of the building.

“The entire school was searched and a staging area was set up,” he said.

tudents and staff were then evacuated from the school. As they were walking out of the building, some of the children were told to close their eyes and walk fast, WCBS 880′s Sean Adams reported.

Students were then taken to a nearby firehouse to be reunited with their parents. Schools in surrounding areas were also placed on lockdown.

Danbury Hospital spokesperson Diane Burke told CBS 2 that the hospital was also put on lockdown as a precautionary measure.

Lisa Bailey, a Newtown resident with three children in Newtown schools, told CBSNewYork.com, “Newtown is a quiet town. I’d never expect this to happen here. It’s so scary. Your kids are not safe anywhere.” …”

http://newyork.cbslocal.com/2012/12/14/police-respond-to-report-of-school-shooting-in-conn/

Gunman kills 20 children, 6 adults at Connecticut elementary school

“…Twenty-seven people, including 20 children, were killed Friday when a gunman clad in black military gear opened fire inside his mother’s kindergarten class at a Connecticut elementary school.

The shooter, who sources identified as Adam Lanza, 20, shot his mother in the face at their home in Newtown, Conn., then went to nearby Sandy Hook Elementary School where she taught and gunned down her entire class, according to sources. Lanza was found dead inside the school, according to officials. Eighteen of the children and six more adults were dead at the school and two more children died later, according to Connecticut State Police Lt. Paul Vance.

Vance would not confirm the shooter’s name, and earlier in the day there were conflicting reports over the gunman’s identity. Law enforcement sources told FoxNews.com the shooter was Adam Lanza. His brother, Ryan Lanza, 24, was being questioned in Hoboken, N.J., but it was not sure if he faced charges.

“It is not a simplistic scene,” Vance told reporters.

An official with knowledge of the situation said the shooter was armed with a .223-caliber rifle. Four weapons in total were recovered from the scene. The motive is not yet known.

Vance said during an afternoon news conference that police arrived at the scene “within minutes” of a 911 call placed shortly after 9:30 a.m.

“Every door, every crack, every crevice of that school” was checked, Vance said. “The entire school was searched.” He said the shooting occurred inside two rooms in “one section of the school.”

Vance did not give details about the number of victims other than to say they included students and staff, pending notification of the families. He said more information would be released, possibly later Friday.

Vance also said that a “deceased adult” was found at a “secondary crime scene,” though he declined to elaborate.

A federal law enforcement official told Fox News that Lanza’s mother, Nancy, was killed at her home in Connecticut. The vehicle the suspect used in the shooting was registered to his mother.

A source close to the investigation said the shooter’s father, who lives in Stamford, Conn., is meeting with FBI agents.

Robert Licata said his 6-year-old son was in class when the gunman burst in and shot the teacher.

“That’s when my son grabbed a bunch of his friends and ran out the door,” he said. “He was very brave. He waited for his friends.”

He said the shooter didn’t utter a word.

Stephen Delgiadice said his 8-year-old daughter was in the school and heard two big bangs. Teachers told her to get in a corner, he said.

“It’s alarming, especially in Newtown, Connecticut, which we always thought was the safest place in America,” he said. His daughter was fine.

Mergim Bajraliu, 17, heard the gunshots echo from his home and ran to check on his 9-year-old sister at the school. He said his sister, who was fine, heard a scream come over the intercom at one point. He said teachers were shaking and crying as they came out of the building.

“Everyone was just traumatized,” he said.

President Obama was notified of the shooting around 10:30 am ET, White House officials said.

“Our hearts are broken today,” Obama said in a brief address to the nation on Friday. “We’ve endured too many of these tragedies in these past few years, and each time I receive the news I react not as a president, but as a parent.”

“Most victims were children, between five and 10 years old…They had their entire lives ahead of them, birthdays, graduations weddings, kids of their own,” he said, pausing before wiping tears from his eyes.

Sandy Hook Elementary School has close to 700 students.

Newtown is in Fairfield County, about 45 miles southwest of Hartford and 60 miles northeast of New York City. …”

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Federal Reserve Will Continue To Debase and Devalue The U.S. Dollar By Keeping Interest Rates Near Zero To 2015–The Crime of The Century–The Rape of American Savers and Investors–No Exit Strategy–Videos

Posted on December 12, 2012. Filed under: American History, Banking, Blogroll, Business, College, Communications, Economics, Education, Employment, Federal Government, Federal Government Budget, Fiscal Policy, government, government spending, history, Investments, Language, Law, liberty, Life, Links, Macroeconomics, media, Monetary Policy, Money, People, Philosophy, Politics, Rants, Raves, Tax Policy, Unemployment, Wealth, Wisdom | Tags: , , , , , , |

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Press Conference with FOMC Chairman Ben S. Bernanke

Federal Reserve Balance Sheet Illustrated

Fed Ties Interest Rates to Unemployment Rate

Fed links interest and unemployment rates 

Ben Bernanke throws the dollar over the Currency Cliff

CNBC Marc Faber ‘Reduce Government by Fifty Percent Minimum’

Jim Rickards: the Fed is Racing to Create Inflation Before the US Economy Implodes

Stephanie Kelton on Modern Monetary Theory’s Goals for Full Employment and

Competitive Currency Devaluation 

The GOLD standard, the DOLLAR standard & a New GLOBAL CURRENCY Order

The Truth about Gas Prices And Why It Is Like It Is! Shocking Truth Revealed

Peter Schiff on RT America – Financial Crisis

Jim Rickards Discusses **$4,000** Gold on CNBC

Fed Will Keep Printing Until The Dollar Collapses~ Jim Rickards

Jim Rogers – Fiat Currency aka Fake Money aka Worthless

Bernanke: We Cannot Offset Full Impact of Cliff

The Exit Strategy

BernankeCartoonfromGordonLong-1

Quantitative Easing Explained

Overdose: The Next Financial Crisis

Background Articles and Videos

Glenn Beck – Devaluing The Dollar

The Fed and the Power Elite | Murray N. Rothbard

01 – The Economic Crisis (The Fall of America and the Western World) 

05 – The Power Elite Pt.1, with Alex Jones (The Fall of America and the Western

06 – The Power Elite Pt.2, with David Icke (The Fall of America and the Western

Federal Reserve Launches QE4!

By Eric McWhinnie

“…On Wednesday, the Federal Reserve concluded its two-day Federal Open Market Committee meeting. Despite launching a third round of quantitative easing known as QE-infinity in September, the central bank launched QE4.

In the latest FOMC statement, the Federal Reserve met market expectations and said it will buy $45 billion of long-term Treasury securities, in order to replace Operation Twist that expires at the end of the year. Furthermore, it decided to keep interest rates at historic lows until at least as long the unemployment rate remains above 6.5 percent.

Two Key Parts of the FOMC statement are listed below:

  • “To support a stronger economic recovery and to help ensure that inflation, over time, is at the rate most consistent with its dual mandate, the Committee will continue purchasing additional agency mortgage-backed securities at a pace of $40 billion per month. The Committee also will purchase longer-term Treasury securities after its program to extend the average maturity of its holdings of Treasury securities is completed at the end of the year, initially at a pace of $45 billion per month. The Committee is maintaining its existing policy of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities and, in January, will resume rolling over maturing Treasury securities at auction. Taken together, these actions should maintain downward pressure on longer-term interest rates, support mortgage markets, and help to make broader financial conditions more accommodative.”
  • “To support continued progress toward maximum employment and price stability, the Committee expects that a highly accommodative stance of monetary policy will remain appropriate for a considerable time after the asset purchase program ends and the economic recovery strengthens. In particular, the Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent and currently anticipates that this exceptionally low range for the federal funds rate will be appropriate at least as long as the unemployment rate remains above 6-1/2 percent, inflation between one and two years ahead is projected to be no more than a half percentage point above the Committee’s 2 percent longer-run goal, and longer-term inflation expectations continue to be well anchored.”

Fed’s balance sheet is on pace to explode…

QE programs not only help to juice markets higher through dollar devaluation, they expand the Federal Reserve’s balance sheet to record breaking levels. The central bank’s balance sheet is already nearing $3 trillion and is now on pace to hit almost $4 trillion by the end of 2013 with the recently launched QE4. Francisco Blanch, a global investment strategist with Bank of America, believes the Federal Reserve will maintain bond purchases until the end of 2014, a move that could send the central bank’s balance sheet skyrocketing to $5 trillion.

Bill Gross, founder and co-chief investment officer of PIMCO, estimates that the economy will need to add roughly 200,000 jobs per month for the next 4-5 years in order to meet the Fed’s unemployment target. In other words, interest rates are not planned to rise anytime soon. However, he also says that believing the central bank can keep control of interest rates at current levels is a “decent stretch.” Furthermore, it should be noted that the Fed only pegged interest rates to the unemployment rate.

Bernanke Will Flood U.S. With Dollars In QE4. Now, He Needs Uncle Sam’s Help

Abram Brown, Forbes Staff

“…Consider the millions of pounds of paper that the Federal Reserve will need to afford its easy monetary policy, which today further earned its latest epithet: quantitative easing infinity. Fed Chairman Ben Bernanke pledged to buy $85 billion a month in Treasurys and mortgage-backed securities starting in Jan., and will continue the program until unemployment falls to 6.5%.

Call it QE3.5 or QE4 or whatever. It’s all the same thing: a concerted effort to heal the economy and add some life to this lackluster recovery.  Bernanke and the other central bank policymakers on the Federal Open Markets Committee will keep the printing press rolling for years to come. The Fed estimates that the jobless rate won’t hit the new benchmark for 2.5 years. Other economists expect the country will fall to that level before then, but even optimistic forecasts say it will likely take two years.

Bernanke can do little more to accomplish his goals. “Today’s moves indicate that the accommodation switch has been turned on, and the data have to tell the Fed when to stop,” says Barclays economist Michael Gapen. “There is little left for the Fed to do at this point, in terms of altering its policy. While these is ongoing uncertainty about the stance of fiscal policy, the FOMC has gone to great lengths in a short time to alter its policy framework completely.” Indeed, easing has already lowered interest rates to rock-bottom; the 10-Year T-bill yields a miniscule 1.81% (not far from the record lows, near 1.4%, that we saw this year). Despite this, great mounds—more than $500 billion by some estimates—of investable and spendable dollars sit unused, unproductive.

This is not to say that a fist-full-of-dollars monetary policy can’t buoy the markets, at least a small amount. Stocks rallied this afternoon, following the Fed’s announcement. The Dow Jones industrial average climbed 0.6% to 13,322.74. The S&P 500 gained 0.4%. And the Nasdaq composite went up 0.1%.

Consumer staples stocks performed the best. Ford added 0.4%. Luluemon Athletic increased 1.3%.

Financials also led the market higher. Wells Fargo rose 1.2%. Citigroup gained 1.6%, as Bank of America ticked up 0.8%.

Now, Bernanke needs cooperation from elsewhere in Washington, D.C. Monetary policy must run parallel to fiscal policy for the economy to truly pick up. Brinkmanship over the fiscal cliff—and whether any more fiscal stimuli will come—damages both business and consumer spending. Without that, the economy will remain stuck in neutral. Spending is the key economic driver in the United States, accounting for roughly 70% of all growth. No one can spend until firmly establishing the size of future paychecks.

There’s a problem with Bernanke’s ultra-accommodating posture, though. (More than one, of course, depending on where you land in Keynesian debates.) It might very well be encouraging the game of chicken that currently captivates our nation’s pols. “Maybe the people in Washington who are tussling over the fiscal cliff feel a little more comfortable in tussling because the Fed is giving us very easy money,” says Pierre Ellis, Decision Economics’ senior managing director. Significantly, with the Fed expanding its balance sheet, to keep all of us feeling more comfortable, and theoretically investing and spending, too, it may limit some effectiveness of any fiscal cliff agreement. Hope that Washington accounts for the burden that will come from the payments on all this debt when interest rates do start to rise again. …”

http://www.forbes.com/sites/abrambrown/2012/12/12/ben-bernanke-has-started-the-printing-press-now-he-needs-uncle-sams-help/

Wiedemer to Moneynews: More Fed Easing Is ‘Insurance Policy’ Against Market Collapse

By Forrest Jones and David Nelson

“…The Federal Reserve’s decision to beef up an existing monetary stimulus program may in reality be little more than a move to prevent stock prices from collapsing, said Robert Wiedemer, financial commentator and best-selling author of “Aftershock.”

At its December monetary policy meeting, the Fed announced plans to bolster its current quantitative easing (QE) program, a monetary stimulus tool that sees the U.S. central bank buy $40 billion in
mortgage-backed securities a month from banks on an open-ended basis to spur recovery.

Going forward, the Fed will now purchase an additional $45 billion in Treasury holdings from financial institutions alongside its purchases of mortgage debt.

QE functions by pumping liquidity into the economy in a way that keeps interest rates low to encourage investing and hiring, with rising stock prices and a weaker dollar as side effects.

The additional Treasury purchases will replace the Fed’s so-called Operation Twist program, under which the Fed swaps $45 billion a month in short-term Treasurys for long-termer U.S. government debt — that policy will expire at year end as planned.

The Fed will begin injecting $85 billion in freshly printed money into the economy a month to stave off economic decline by pushing down borrowing costs to encourage investing and hiring, though the idea may really be to keep stock prices high
and investors happy.

“I think it’s an insurance policy more for the stock market than it is for unemployment,” Wiedemer told Newsmax TV in an exclusive interview.

“I think it’s an insurance policy not necessarily against keeping the market where it is, but an insurance policy against any kind of collapse,”  added Wiedemer, a managing director of Absolute Investment Management, an investment-advisory firm for individuals with more than $300 million under management.

“They may see a weakness in the stock market that we are not necessarily seeing. This should certainly prevent a collapse, but I don’t know if it is going to keep [the Dow] up at 13,000.”

The Fed added that it will keep benchmark interest rates at a target 0.25 percent until one of two things happen: the unemployment rate drops to 6.5 percent or inflation rates threaten to break 2.5 percent.

“The Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent and currently anticipates
that this exceptionally low range for the federal funds rate will be appropriate at least as long as the unemployment rate remains above 6-1/2 percent, inflation
between one and two years ahead is projected to be no more than a half percentage point above the Committee’s 2 percent longer-run goal and longer-term inflation expectations continue to be ell anchored,” the Fed said in its
December monetary policy statement. …”

Read Latest Breaking News from
Newsmax.com http://www.moneynews.com/StreetTalk/Wiedemer-Fed-Easing-Insurance/2012/12/12/id/467498?s=al&promo_code=1115A-1#ixzz2EyUmSc23

Globalization 3.0 Inflation v Deflation Debate Update

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R. Christopher Whalen: Inflated: How Money and Debt Built the American Dream–Videos

Posted on December 10, 2012. Filed under: Banking, Blogroll, Business, Communications, Demographics, Economics, Employment, Federal Government, Fiscal Policy, government, government spending, history, History of Economic Thought, Homes, Immigration, Inflation, Investments, Law, liberty, Life, Links, Macroeconomics, media, Microeconomics, Monetary Policy, Money, Philosophy, Politics, Public Sector, Rants, Raves, Regulations, Resources, Tax Policy, Technology, Unions, Weather, Wisdom | Tags: , , , , , , , |

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“Whalen is smart. He’s one of the few worthy of your time. Others: Marc Faber, Hugh Hendry, Doug Dachille, David Rosenberg, Howard Davidowitz, James Grant, Peter Schiff, Niall Ferguson, Doug Casey, Jim Rogers.”

Chris Whalen Drops the F-Bomb on Wall Street while sounding the Bankruptcy Alarm

Whalen: Libor Is A Collusive Price Set By Collusive Banks

Whalen: Go Back To The Future To Fight Fraud With Equity Receivers

Value Investing Conference 2010 – Part 4

Inflated: How Money and Debt Built the American Dream | Christopher Whalen

‘Inflated: How Money and Debt Built the American Dream’

Chris Whalen: “The Fed let the real economy go to hell”

Web Extra Chris Whalen: Is JP Morgan blowing hot air with clawbacks? Plus, Natural Gas forecasts

CHRIS WHALEN: “PAPER ASSETS ARE HEADED TO ZERO” 7-6-2010

Christopher Whalen, A New Deal For The American Economy 1/7

Christopher Whalen, A New Deal For The American Economy 2/7

Christopher Whalen, A New Deal For The American Economy 3/7

Christopher Whalen, A New Deal For The American Economy 4/7

Christopher Whalen, A New Deal For The American Economy 5/7

Christopher Whalen, A New Deal For The American Economy 6/7

Christopher Whalen, A New Deal For The American Economy 7/7

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Let Obama Own The Tax Increases and Wrecking The Economy Leading To Great Depression–Videos

Posted on December 9, 2012. Filed under: Banking, Blogroll, College, Economics, Education, Federal Government, Federal Government Budget, Fiscal Policy, government spending, Inflation, Investments, Law, liberty, Life, Links, media, Medicine, Microeconomics, Monetary Policy, Money, People, Philosophy, Politics, Psychology, Public Sector, Radio, Raves, Strategy, Tax Policy, Taxes, Unemployment, Unions, Video, War, Wealth, Wisdom | Tags: , , , , , , , , , , , , , , |

Rand Paul: We Should Let Dems Raise Taxes And Then Let Them Own It – CNBC’s Kudlow Report

SEN. RAND PAUL: I have yet another thought on how we can fix this. Why don’t we let the Democrats pass whatever they want? If they are the party of higher taxes, all the Republicans vote present and let the Democrats raise taxes as high as they want to raise them, let Democrats in the Senate raise taxes, let the president sign it and then make them own the tax increase. And when the economy stalls, when the economy sputters, when people lose their jobs, they know which party to blame, the party of high taxes. Let’s don’t be the party of just almost as high taxes.

LARRY KUDLOW, CNBC: Some people have called that the doomsday scenario. Others have said, ‘Look, it’s a strategic retreat on the Republicans’ behalf.’ WWould you vote present for that in the Senate if that came up?

RAND PAUL: Yes, I don’t think we have to in the Senate. In the House, they have to because the Democrats don’t have the majority. In the Senate, I’m happy not to filibuster it, and I will announce tonight on your show that I will work with Harry Reid to let him pass his big old tax hike with a simple majority if that’s what Harry Reid wants, because then they will become the party of high taxes and they can own it.

Obama Runs Rings pt4 + Rand Paul Joins the ‘Let Democrats Raise Taxes and Own It’ Crowd 

Gregory Mankiw: The Fiscal Challenge Ahead

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Richard Duncan–The New Depression–Videos

Posted on December 9, 2012. Filed under: American History, Banking, Blogroll, College, Communications, Economics, Education, Employment, Federal Government, Federal Government Budget, Fiscal Policy, government, government spending, history, History of Economic Thought, Inflation, Investments, Language, Law, liberty, Life, Links, Macroeconomics, media, Microeconomics, Monetary Policy, Money, People, Philosophy, Politics, Public Sector, Rants, Raves, Security, Strategy, Tax Policy, Taxes, Unemployment, Unions, Video, War, Wealth, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , |

9781118157794.pdf

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The U.S. does not have a capitalist economy 

A new depression: Out of credit

Interview With Richard Duncan, Author of The New Depression 

Richard Duncan on Riding out this Depression on a Deflationary Debt Raft! 

    “The New Depression” Book w/ Glenn Beck & Richard Duncan

The New Depression: Richard Duncan | McAlvany Commentary 

Pt 1/5: Can governments end the crisis cycle? 

Pt 2/5: Can governments end the crisis cycle? 

Pt 3/5: Can governments end the crisis cycle?

Pt 4/5: Can governments end the crisis cycle?

Pt 5/5: Can governments end the crisis cycle?

Jim Rogers  New Recession/Depression Coming

Peter Schiff interviews Marc Faber on Schiffradio Oct 2012 

Why the global recession is in danger of becoming another Great Depression, and how we can stop it

When the United States stopped backing dollars with gold in 1968, the nature of money changed. All previous constraints on money and credit creation were removed and a new economic paradigm took shape. Economic growth ceased to be driven by capital accumulation and investment as it had been since before the Industrial Revolution. Instead, credit creation and consumption began to drive the economic dynamic. In The New Depression: The Breakdown of the Paper Money Economy, Richard Duncan introduces an analytical framework, The Quantity Theory of Credit, that explains all aspects of the calamity now unfolding: its causes, the rationale for the government’s policy response to the crisis, what is likely to happen next, and how those developments will affect asset prices and investment portfolios.

In his previous book, The Dollar Crisis (2003), Duncan explained why a severe global economic crisis was inevitable given the flaws in the post-Bretton Woods international monetary system, and now he’s back to explain what’s next. The economic system that emerged following the abandonment of sound money requires credit growth to survive. Yet the private sector can bear no additional debt and the government’s creditworthiness is deteriorating rapidly. Should total credit begin to contract significantly, this New Depression will become a New Great Depression, with disastrous economic and geopolitical consequences. That outcome is not inevitable, and this book describes what must be done to prevent it.

  • Presents a fascinating look inside the financial crisis and how the New Depression is poised to become a New Great Depression
  • Introduces a new theoretical construct, The Quantity Theory of Credit, that is the key to understanding not only the developments that led to the crisis, but also to understanding how events will play out in the years ahead
  • Offers unique insights from the man who predicted the global economic breakdown

Alarming but essential reading, The New Depression explains why the global economy is teetering on the brink of falling into a deep and protracted depression, and how we can restore stability.

http://www.wiley.com/WileyCDA/WileyTitle/productCd-1118157796.html

The New Depression: Richard Duncan’s prognosis of our economic ills and the answer to them

“… In a nutshell, his case is half-Austrian. Or indeed half-Keynesian. That is because whilst Duncan’s diagnosis of the current economic ills is very much in the Austrian school of economics, with its emphasis on the role of credit, his prescription for fixing the economy is large-scale borrowing to fund infrastructure work, all of which sounds rather Keynesian.

It is a more fiscally responsible version of Keynesianism than some, for Duncan argues that, “The U.S. government can now borrow money for ten years at a cost of 2 percent interest a year. If it borrows at that rate and invests in projects that yield even 3 percent … on a grand scale in grand projects … [our economy] could be transformed”. In other words, borrow massively to boost economic growth, but spend those funds on projects that will generate future returns which make the borrowing affordable.

Duncan has a particular set of target for his investment plans for the American economy – developing new industries to reduce the trade deficit and generate new tax revenues. In particular, he talks about renewable energy, arguing that massive investment will cut energy bills whilst also providing the sort of financial return that makes the massive spending of money on it a prudent rather than profligate move.

All that means there are three main bones of contention in the book: is Richard Duncan right in blaming the crash on credit conditions; is he right that massive infrastructure investment on projects which pay returns the answer; and if money is to be invested in infrastructure that pays returns, does renewable energy fit the bill? Although a book principally about the US economy and the policy choices faced by Americans, those three questions are very applicable to other countries too, even if his evidence tends to be centred on the USA.

As he mulls over these three questions, most readers will find at least one eye-catching piece of evidence to savour, such as when he describes how heavily the financial system became dependent on credit not going sour:

In 1945 [American] commercial banks held reserves and vault cash of … the equivalent of 12 percent of their total assets … By 2007, the banks’ reserves and vault cash [was] 0.6 percent.

He goes on to argue that

Economic progress was no longer achieved the old-fashioned way through savings and investments, but, rather, by borrowing and consumption … The new reality is that credit has displaced money as the key economic variable.

Hence the book’s subtitle, “The Breakdown of the Paper Money Economy”.

Each of the three main questions in themselves could sustain not merely one whole book but a mini-book publishing flurry of titles. To condense credible arguments over all three into one relatively slim and easy to follow volume is tribute to the Duncan, even if some readers may choose to agree with less than all three of the main points of his case. …”

http://www.libdemvoice.org/the-new-depression-richard-duncans-prognosis-of-our-economic-ills-and-the-answer-to-them-28981.html

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Penn Jillette Interviewed By Glenn Beck–Left–Right Political Spectrum–Every Day Is An Atheist Holiday–Videos

Posted on December 9, 2012. Filed under: American History, Blogroll, College, Communications, Economics, Education, Federal Government, Federal Government Budget, Fiscal Policy, government spending, history, Inflation, Language, Law, liberty, Life, Links, media, People, Philosophy, Politics, Psychology, Raves, Religion, Talk Radio, Tax Policy, Technology, Video, War, Wealth, Wisdom | Tags: , , , , , , , , , , , , , |

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Glenn Beck talks to Penn Jillette, author of “Every Day is an Atheist Holiday! More Magical Tales”

Penn Jillette: Reading the Bible (Or the Koran, Or the Torah) Will Make You an Atheist

Bible, real facts? 1 

Bible, real facts? 2 

Bible, real facts? 3

Penn Jillette on Capitalism, Magic and Morality

Penn Jillette: Why I Am A Libertarian

Penn Jillette book signing Barnes & Noble Tribeca NYC 11-14-2012

Penn Jillette: Glenn Beck Is a Nut—But I Like Him

    Penn Jillette: Mistrust of Government Is a Beautiful Thing

Penn Jillette: Reconciling Atheism with Libertarianism

Penn Jillette: An Atheist’s Guide to the 2012 Election 

Mitt’s Magical Mormon Undies: Penn Jillette’s Rant Redux 

Penn’s Sunday School “November 18th, 2012″ 

Penn Jillette on His New Book 

Penn Jillette: Don’t Leave Atheists Out on Christmas

Penn Jillette: How to Raise an Atheist Family 

Penn Says:      Santa & My Kids

Penn Jillette: Penn and Teller Are Not Lovers

IAMA – Penn and Teller Answer reddit.com’s Top 10 Questions 

Penn & Teller Tell A Lie – Teller Speaks!

penn and teller tell a lie

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Tea Party Conservatives–What We Believe–Videos

Posted on December 8, 2012. Filed under: American History, Banking, Blogroll, Books, Business, College, Communications, Culture, Demographics, Economics, Education, Employment, Federal Government, Fiscal Policy, Foreign Policy, government, government spending, history, History of Economic Thought, Homes, Immigration, Investments, Language, Law, liberty, Life, Links, Macroeconomics, media, Monetary Policy, Money, People, Philosophy, Politics, Psychology, Radio, Rants, Raves, Regulations, Resources, Science, Security, Strategy, Talk Radio, Tax Policy, Taxes, Unemployment, Video, War, Wealth, Wisdom | Tags: , , , , , , , , , , , , , |

bill-whittles-firewall

What We Believe, Part 1: Small Government and Free Enterprise.

What We Believe, Part 2: The Problem with Elitism

What We Believe, Part 3: Wealth Creation

What We Believe, Part 4: Natural Law

What We Believe, Part 5: Gun Rights

What We Believe, Part 6: Immigration

What We Believe, Part 7: American Exceptionalism

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Big Government Budgets Boehner Purges Limited Government Tea Party Conservatives From Congressional Committees–Videos

Posted on December 8, 2012. Filed under: American History, Blogroll, Business, College, Communications, Economics, Education, Employment, Federal Government, Federal Government Budget, Fiscal Policy, Foreign Policy, government, government spending, Health Care, history, Investments, Language, Law, liberty, Life, Links, Macroeconomics, media, People, Philosophy, Politics, Rants, Raves, Strategy, Talk Radio, Tax Policy, Unemployment, Video, War, Wealth, Wisdom | Tags: , , , , , , , , , , , |

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Team Wreckers: Speaker Boehner Tells ‘Tea-Party’ Republicans To Fall in Line! 

Tea Party Backlash: Far Right-Wing ‘Num-Nuts’ Lash Out at GOP Leadership on

Speaker Boehner’s Looming War With The Hard Right Tea-Party Extremists

Boehner punishes conservative David Schweikert – Mark Levin

Rush Limbaugh: John Boehner is purging the GOP of Tea Party conservatives

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SA@TAC – The State of the Right

What We Believe, Part 1: Small Government and Free Enterprise.

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EAT THE RICH!

Rand Paul Warns Boehner, Cantor: Hope You’re Not Aspiring for Higher Office

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How Did U-3 Official Unemployment Rate Decline from 7.9% to 7.7% In November When 600,000 New Jobs Are Needed To Reduce Unemployment Rate By .2% and Only 146,000 Jobs Were Created–542,000 Americans Left The Labor Force In November!–Videos

Posted on December 7, 2012. Filed under: American History, Banking, Blogroll, Business, College, Communications, Economics, Education, Employment, Federal Government, Federal Government Budget, Fiscal Policy, government spending, history, Inflation, Investments, Language, Law, liberty, Life, Links, Macroeconomics, media, Monetary Policy, Money, People, Philosophy, Politics, Public Sector, Raves, Regulations, Resources, Security, Tax Policy, Taxes, Technology, Unemployment, Unions, Video, War, Wealth, Wisdom |

sgs-emp

CNBC Squawk Box: Unemployment Rate Slides to 7.7%

Fmr. Obama Economist Jared Bernstein: Unemployment Drop Due To Labor Force

U.S. Adds 146,000 Jobs; Jobless Rate Falls to 7.7% 

Rick Santelli Epic Rant on November Jobs Report & Soak The Rich: They Love to Fib About Statistics

 

The Unemployment Game Show: Are You *Really* Unemployed? from Mint.com

U.S. Unadjusted Unemployment Shoots Back Up

Unemployment situation best for college grads, whites, men, and older workers

U.S. unemployment, as measured by Gallup without seasonal adjustment, was 7.8% for the month of November, up significantly from 7.0% for October. Gallup’s seasonally adjusted unemployment rate is 8.3%, nearly a one-point increase over October’s rate.

gallup_unemployment_rate

Although the increase in the unadjusted rate in November is a sharp contrast to the 0.9-point decline seen in October, November’s 7.8% rate is still tied for the second-best unadjusted unemployment monthly reading of 2012. However, on an adjusted basis, November’s rate is the highest reading in six months. Looking at year-to-year comparisons, seasonally adjusted unemployment is down from 8.9% in November 2011.

Underemployment, as measured without seasonal adjustment, was 17.2% in November, a 1.3-point increase since the end of October. The uptick in November also puts an end to the six-month trend of improvements or no change. Still, underemployment has improved 0.9 points since November 2011.

Gallup’s U.S. underemployment measure combines the percentage who are unemployed with the percentage of those working part time but looking for full-time work. Gallup does not apply a seasonal adjustment to underemployment.

Gallup_Underemployment_Rate

http://www.gallup.com/poll/159104/unadjusted-unemployment-shoots-back.aspx

US Unemployment Rate Dropped in December 2012 – What’s the Good and the

Employment Situation Summary Table A. Household data, seasonally adjusted

Household Data Summary Table A. Household Data, Seasonally adjusted

[Numbers in thousands]

Category Nov. 2011 Sept. 2012 Oct. 2012 Nov. 2012 Change from: Oct. 2012- Nov. 2012
Employment status
Civilian noninstitutional population 240,441 243,772 243,983 244,174 191
Civilian labor force 153,937 155,063 155,641 155,291 -350
Participation rate 64.0 63.6 63.8 63.6 -0.2
Employed 140,614 142,974 143,384 143,262 -122
Employment-population ratio 58.5 58.7 58.8 58.7 -0.1
Unemployed 13,323 12,088 12,258 12,029 -229
Unemployment rate 8.7 7.8 7.9 7.7 -0.2
Not in labor force 86,503 88,710 88,341 88,883 542

http://bls.gov/news.release/empsit.a.htm

ESTABLISHMENT DATA Summary table B. Establishment data, seasonally adjusted
Category Nov. 2011 Sept. 2012 Oct. 2012(p) Nov. 2012(p)
EMPLOYMENT BY SELECTED INDUSTRY (Over-the-month change, in thousands)
Total nonfarm 157 132 138 146
Total private 178 122 189 147
Goods-producing 8 -17 18 -22
Mining and logging 4 0 -7 5
Construction 1 -1 15 -20
Manufacturing 3 -16 10 -7
Durable goods(1) 14 -14 7 11
Motor vehicles and parts 1.4 -1.4 -2.5 9.7
Nondurable goods -11 -2 3 -18
Private service-providing(1) 170 139 171 169
Wholesale trade 6.9 -0.5 8.0 13.1
Retail trade 33.8 36.6 50.9 52.6
Transportation and warehousing 9.9 3.7 9.2 3.5
Information -2 -8 -5 12
Financial activities 11 14 5 1
Professional and business services(1) 39 8 55 43
Temporary help services 19.7 -10.0 13.9 18.0
Education and health services(1) 20 45 24 18
Health care and social assistance 6.2 37.3 38.2 22.0
Leisure and hospitality 42 28 20 23
Other services 8 11 5 3
Government -21 10 -51 -1

Employment Level

143,262,000

Series Id:           LNS12000000
Seasonally Adjusted
Series title:        (Seas) Employment Level
Labor force status:  Employed
Type of data:        Number in thousands
Age:                 16 years and over

employment_level

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
2000 136559(1) 136598 136701 137270 136630 136940 136531 136662 136893 137088 137322 137614
2001 137778 137612 137783 137299 137092 136873 137071 136241 136846 136392 136238 136047
2002 135701 136438 136177 136126 136539 136415 136413 136705 137302 137008 136521 136426
2003 137417(1) 137482 137434 137633 137544 137790 137474 137549 137609 137984 138424 138411
2004 138472(1) 138542 138453 138680 138852 139174 139556 139573 139487 139732 140231 140125
2005 140245(1) 140385 140654 141254 141609 141714 142026 142434 142401 142548 142499 142752
2006 143150(1) 143457 143741 143761 144089 144353 144202 144625 144815 145314 145534 145970
2007 146028(1) 146057 146320 145586 145903 146063 145905 145682 146244 145946 146595 146273
2008 146397(1) 146157 146108 146130 145929 145738 145530 145196 145059 144792 144078 143328
2009 142187(1) 141660 140754 140654 140294 140003 139891 139458 138775 138401 138607 137968
2010 138500(1) 138665 138836 139306 139340 139137 139139 139338 139344 139072 138937 139220
2011 139330(1) 139551 139764 139628 139808 139385 139450 139754 140107 140297 140614 140790
2012 141637(1) 142065 142034 141865 142287 142415 142220 142101 142974 143384 143262
1 : Data affected by changes in population controls.

Civilian Labor Force Level

155,291,000

Series Id:           LNS11000000
Seasonally Adjusted
Series title:        (Seas) Civilian Labor Force Level
Labor force status:  Civilian labor force
Type of data:        Number in thousands
Age:                 16 years and over

Civilian_Labor_Force_Level

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
2000 142267(1) 142456 142434 142751 142388 142591 142278 142514 142518 142622 142962 143248
2001 143800 143701 143924 143569 143318 143357 143654 143284 143989 144086 144240 144305
2002 143883 144653 144481 144725 144938 144808 144803 145009 145552 145314 145041 145066
2003 145937(1) 146100 146022 146474 146500 147056 146485 146445 146530 146716 147000 146729
2004 146842(1) 146709 146944 146850 147065 147460 147692 147564 147415 147793 148162 148059
2005 148029(1) 148364 148391 148926 149261 149238 149432 149779 149954 150001 150065 150030
2006 150214(1) 150641 150813 150881 151069 151354 151377 151716 151662 152041 152406 152732
2007 153144(1) 152983 153051 152435 152670 153041 153054 152749 153414 153183 153835 153918
2008 154075(1) 153648 153925 153761 154325 154316 154480 154646 154559 154875 154622 154626
2009 154236(1) 154521 154143 154450 154800 154730 154538 154319 153786 153822 153833 153091
2010 153454(1) 153704 153964 154528 154216 153653 153748 154073 153918 153709 154041 153613
2011 153250(1) 153302 153392 153420 153700 153409 153358 153674 154004 154057 153937 153887
2012 154395(1) 154871 154707 154365 155007 155163 155013 154645 155063 155641 155291
1 : Data affected by changes in population controls.

Labor Force Participation Rate

63.6 %

Series Id:           LNS11300000
Seasonally Adjusted
Series title:        (Seas) Labor Force Participation Rate
Labor force status:  Civilian labor force participation rate
Type of data:        Percent or rate
Age:                 16 years and over

civilian_labor_force_participation_rate

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
2000 67.3 67.3 67.3 67.3 67.1 67.1 66.9 66.9 66.9 66.8 66.9 67.0
2001 67.2 67.1 67.2 66.9 66.7 66.7 66.8 66.5 66.8 66.7 66.7 66.7
2002 66.5 66.8 66.6 66.7 66.7 66.6 66.5 66.6 66.7 66.6 66.4 66.3
2003 66.4 66.4 66.3 66.4 66.4 66.5 66.2 66.1 66.1 66.1 66.1 65.9
2004 66.1 66.0 66.0 65.9 66.0 66.1 66.1 66.0 65.8 65.9 66.0 65.9
2005 65.8 65.9 65.9 66.1 66.1 66.1 66.1 66.2 66.1 66.1 66.0 66.0
2006 66.0 66.1 66.2 66.1 66.1 66.2 66.1 66.2 66.1 66.2 66.3 66.4
2007 66.4 66.3 66.2 65.9 66.0 66.0 66.0 65.8 66.0 65.8 66.0 66.0
2008 66.2 66.0 66.1 65.9 66.1 66.1 66.1 66.1 65.9 66.0 65.8 65.8
2009 65.7 65.8 65.6 65.6 65.7 65.7 65.5 65.4 65.1 65.0 65.0 64.6
2010 64.8 64.9 64.9 65.1 64.9 64.6 64.6 64.7 64.6 64.4 64.5 64.3
2011 64.2 64.2 64.2 64.2 64.2 64.1 64.0 64.1 64.1 64.1 64.0 64.0
2012 63.7 63.9 63.8 63.6 63.8 63.8 63.7 63.5 63.6 63.8 63.6

Unemployment Level

12,029,000

Series Id:           LNS13000000
Seasonally Adjusted
Series title:        (Seas) Unemployment Level
Labor force status:  Unemployed
Type of data:        Number in thousands
Age:                 16 years and over

Unemployment_Level

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
2000 5708 5858 5733 5481 5758 5651 5747 5853 5625 5534 5639 5634
2001 6023 6089 6141 6271 6226 6484 6583 7042 7142 7694 8003 8258
2002 8182 8215 8304 8599 8399 8393 8390 8304 8251 8307 8520 8640
2003 8520 8618 8588 8842 8957 9266 9011 8896 8921 8732 8576 8317
2004 8370 8167 8491 8170 8212 8286 8136 7990 7927 8061 7932 7934
2005 7784 7980 7737 7672 7651 7524 7406 7345 7553 7453 7566 7279
2006 7064 7184 7072 7120 6980 7001 7175 7091 6847 6727 6872 6762
2007 7116 6927 6731 6850 6766 6979 7149 7067 7170 7237 7240 7645
2008 7678 7491 7816 7631 8395 8578 8950 9450 9501 10083 10544 11299
2009 12049 12860 13389 13796 14505 14727 14646 14861 15012 15421 15227 15124
2010 14953 15039 15128 15221 14876 14517 14609 14735 14574 14636 15104 14393
2011 13919 13751 13628 13792 13892 14024 13908 13920 13897 13759 13323 13097
2012 12758 12806 12673 12500 12720 12749 12794 12544 12088 12258 12029

Unemployment Rate U-3

7.7%

Series Id:           LNS14000000
Seasonally Adjusted
Series title:        (Seas) Unemployment Rate
Labor force status:  Unemployment rate
Type of data:        Percent or rate
Age:                 16 years and over

unemployment_Rate

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
2000 4.0 4.1 4.0 3.8 4.0 4.0 4.0 4.1 3.9 3.9 3.9 3.9
2001 4.2 4.2 4.3 4.4 4.3 4.5 4.6 4.9 5.0 5.3 5.5 5.7
2002 5.7 5.7 5.7 5.9 5.8 5.8 5.8 5.7 5.7 5.7 5.9 6.0
2003 5.8 5.9 5.9 6.0 6.1 6.3 6.2 6.1 6.1 6.0 5.8 5.7
2004 5.7 5.6 5.8 5.6 5.6 5.6 5.5 5.4 5.4 5.5 5.4 5.4
2005 5.3 5.4 5.2 5.2 5.1 5.0 5.0 4.9 5.0 5.0 5.0 4.9
2006 4.7 4.8 4.7 4.7 4.6 4.6 4.7 4.7 4.5 4.4 4.5 4.4
2007 4.6 4.5 4.4 4.5 4.4 4.6 4.7 4.6 4.7 4.7 4.7 5.0
2008 5.0 4.9 5.1 5.0 5.4 5.6 5.8 6.1 6.1 6.5 6.8 7.3
2009 7.8 8.3 8.7 8.9 9.4 9.5 9.5 9.6 9.8 10.0 9.9 9.9
2010 9.7 9.8 9.8 9.9 9.6 9.4 9.5 9.6 9.5 9.5 9.8 9.4
2011 9.1 9.0 8.9 9.0 9.0 9.1 9.1 9.1 9.0 8.9 8.7 8.5
2012 8.3 8.3 8.2 8.1 8.2 8.2 8.3 8.1 7.8 7.9 7.7

Unemployment Rate U-6

Series Id:           LNS13327709
Seasonally Adjusted
Series title:        (seas) Total unemployed, plus all marginally attached workers plus total employed part time for economic reasons, as a percent of all civilian labor force plus all marginally attached workers
Labor force status:  Aggregated totals unemployed
Type of data:        Percent or rate
Age:                 16 years and over
Percent/rates:       Unemployed and mrg attached and pt for econ reas as percent of labor force plus marg attached

U_3_unemployment_rate

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
2000 7.1 7.2 7.1 6.9 7.1 7.0 7.0 7.1 7.0 6.8 7.1 6.9
2001 7.3 7.4 7.3 7.4 7.5 7.9 7.8 8.1 8.7 9.3 9.4 9.6
2002 9.5 9.5 9.4 9.7 9.5 9.5 9.6 9.6 9.6 9.6 9.7 9.8
2003 10.0 10.2 10.0 10.2 10.1 10.3 10.3 10.1 10.4 10.2 10.0 9.8
2004 9.9 9.7 10.0 9.6 9.6 9.5 9.5 9.4 9.4 9.7 9.4 9.2
2005 9.3 9.3 9.1 8.9 8.9 9.0 8.8 8.9 9.0 8.7 8.7 8.6
2006 8.4 8.4 8.2 8.1 8.2 8.4 8.5 8.4 8.0 8.2 8.1 7.9
2007 8.4 8.2 8.0 8.2 8.2 8.3 8.4 8.4 8.4 8.4 8.4 8.8
2008 9.2 9.0 9.1 9.2 9.7 10.1 10.5 10.8 11.1 11.8 12.7 13.5
2009 14.2 15.1 15.7 15.8 16.4 16.5 16.5 16.7 16.8 17.2 17.1 17.1
2010 16.7 16.9 16.9 17.0 16.6 16.5 16.5 16.6 16.9 16.8 16.9 16.6
2011 16.1 15.9 15.7 15.9 15.8 16.2 16.1 16.2 16.4 16.0 15.6 15.2
2012 15.1 14.9 14.5 14.5 14.8 14.9 15.0 14.7 14.7 14.6 14.4

U.S. Adds 146,000 Jobs; Jobless Rate Falls to 7.7%

By NELSON D. SCHWARTZ

“…Shaking off the effects of Hurricane Sandy and the looming fiscal impasse in Washington, the economy created 146,000 jobs in November, well above the level economists had been expecting.

The report released Friday by the Labor Department also showed the unemployment rate fell to 7.7 percent, the lowest level in four years. But the drop came largely from a decline in the number of people seeking work and counted as officially unemployed.

Among specific industries, the retail sector was especially healthy, adding 53,000 jobs as the holiday shopping season approached. In the last three months, retail employment has increased by 140,000.

One notable point of weakness was the manufacturing sector, which lost 7,000 jobs in the month. Demand from Europe and other overseas markets has weakened recently, while some manufacturing companies have held off on spending as political leaders square off in Washington over how to cut the deficit.

Highlighting just how vulnerable to shocks the economy remains, one widely followed index of consumer sentiment showed a marked drop in early December. The Thomson Reuters/University of Michigan’s index of consumer confidence, released Friday, fell to 74.5, down from 82.7 in November.

That was the lowest it has been since August – a decline that Bricklin Dwyer, an economist with BNP Paribas, attributed to the showdown in Washington over the budget.

“The deterioration in consumers’ future expectations was probably related to increased concerns relating to the political theater surrounding the ‘fiscal cliff’ negotiations,” he wrote in a report Friday.

The Labor Department revised job growth in previous months downward somewhat. October growth fell to 138,000 from an initial estimate 171,000, and September’s declined to 132,000 from 148,000. Average hourly earnings in November rose 0.2 percent, the report showed.

By the widest measure of joblessness, unemployment also eased slightly: after factoring in people looking for work as well as those forced to take part-time positions because full-time work wasn’t available, the total unemployed fell to 14.4 percent in November from 14.6 percent in October.

The report for November was relatively strong, economists said, and showed fewer effects from Hurricane Sandy that had been expected. In Friday’s announcement, the Bureau of Labor Statistics said the storm did “not substantively impact the national employment and unemployment estimates for November.”

Ethan Harris, co-head of global economics at Bank of America of Merrill Lynch, said, “It’s a pretty solid report. It’s consistent with a slow recovery in the job market.”

“It’s encouraging that with the fiscal cliff looming, the corporate sector seems willing to hire even with the worries about what’s going in Washington,” Mr. Harris said.

If the budget impasse can’t be resolved this month, however, it’s likely that jobs growth will weaken early next year, he added. “The fiscal cliff is a very dangerous game,” he said.

Indeed, other economists remained cautious about the jobs outlook.

“It’s not something to get too excited about,” said Nigel Gault, chief United States economist for IHS Global Insight. “The number is 146,000 and the average so far this year is 151,000. We’re pretty much in line with what we’ve been doing.”

Mr. Gault said Hurricane Sandy’s impact may have been seen in construction, where the number of jobs fell by 20,000, as well as in manufacturing.

The labor participation rate, which represents the proportion of the adult population that is either employed or actively looking for work, remains very low by historical standards.

At 63.6 percent in November, Mr. Gault said, it was just 0.1 percent above the low point for the current economic cycle, which was reached in August 2012.

“We’re not at the point in which the jobs market is strong enough to pull discouraged workers back into the labor market,” he said. …”

http://www.nytimes.com/2012/12/08/business/economy/us-creates-146000-new-jobs-as-unemployment-rate-falls-to-7-7.html?hp&_r=0

Employment Situation Summary

Transmission of material in this release is embargoed                         USDL-12-2366
until 8:30 a.m. (EDT) Friday, December 7, 2012

Technical information:
 Household data:       (202) 691-6378  *  cpsinfo@bls.gov  *  www.bls.gov/cps
 Establishment data:   (202) 691-6555  *  cesinfo@bls.gov  *  www.bls.gov/ces

Media contact:         (202) 691-5902  *  PressOffice@bls.gov

                         THE EMPLOYMENT SITUATION -- NOVEMBER 2012

Total nonfarm payroll employment rose by 146,000 in November, and the unemployment
rate edged down to 7.7 percent, the U.S. Bureau of Labor Statistics reported today.
Employment increased in retail trade, professional and business services, and health
care.

  -------------------------------------------------------------------------------------
 |                                                                                     |
 |                                Hurricane Sandy                                      |
 |                                                                                     |
 |Hurricane Sandy made landfall on the Northeast coast on October 29th, causing severe |
 |damage in some states. Nevertheless, our survey response rates in the affected       |
 |states were within normal ranges. Our analysis suggests that Hurricane Sandy did not |
 |substantively impact the national employment and unemployment estimates for November.|
 |BLS will release the regional and state estimates on December 21st. For additional   |
 |information on how severe weather affects employment and unemployment data, see      |
 |Question 8 in the Frequently Asked Questions section of this release.                |
 |                                                                                     |
  ------------------------------------------------------------------------------------- 

Household Survey Data

The unemployment rate edged down to 7.7 percent in November. The number of unemployed
persons, at 12.0 million, changed little. (See table A-1.)

Among the major worker groups, the unemployment rates for adult men (7.2 percent), adult
women (7.0 percent), teenagers (23.5 percent), whites (6.8 percent), and Hispanics (10.0
percent) showed little or no change in November. The unemployment rate for blacks (13.2
percent) declined over the month. The jobless rate for Asians was 6.4 percent (not
seasonally adjusted), little changed from a year earlier. (See tables A-1, A-2, and A-3.)

The number of long-term unemployed (those jobless for 27 weeks or more) was little
changed at 4.8 million in November. These individuals accounted for 40.1 percent of
the unemployed. (See table A-12.)

The civilian labor force participation rate declined by 0.2 percentage point to 63.6 percent
in November, offsetting an increase of the same amount in October. Total employment was
about unchanged in November, following a combined increase of 1.3 million over the prior
2 months. The employment-population ratio, at 58.7 percent, changed little
in November. (See table A-1.)

The number of persons employed part time for economic reasons (sometimes referred to as
involuntary part-time workers), at 8.2 million in November, was little changed over the
month. These individuals were working part time because their hours had been cut back or
because they were unable to find a full-time job. (See table A-8.)

In November, 2.5 million persons were marginally attached to the labor force, essentially
unchanged from a year earlier. (These data are not seasonally adjusted.) These individuals
were not in the labor force, wanted and were available for work, and had looked for a job
sometime in the prior 12 months. They were not counted as unemployed because they had not
searched for work in the 4 weeks preceding the survey. (See table A-16.)

Among the marginally attached, there were 979,000 discouraged workers in November, little
changed from a year earlier. (These data are not seasonally adjusted.) Discouraged workers
are persons not currently looking for work because they believe no jobs are available for
them. The remaining 1.5 million persons marginally attached to the labor force in November
had not searched for work in the 4 weeks preceding the survey for reasons such as school
attendance or family responsibilities. (See table A-16.)

Establishment Survey Data

Total nonfarm payroll employment increased by 146,000 in November. Since the beginning
of this year, employment growth has averaged 151,000 per month, about the same as the 
average monthly job gain of 153,000 in 2011. In November, employment rose in retail
trade, professional and business services, and health care. (See table B-1.)

Retail trade employment rose by 53,000 in November and has increased by 140,000 over the
past 3 months. Over the month, job gains occurred in clothing and clothing accessory stores 
(+33,000), in general merchandise stores (+10,000), and in electronics and appliance stores
(+9,000). Employment in miscellaneous store retailers decreased by 13,000.

In November, employment in professional and business services rose by 43,000. Employment
continued to increase in computer systems design and related services.

Health care employment continued to increase in November (+20,000), with gains in hospitals
(+8,000) and in nursing care facilities (+5,000). Health care has added an average of 26,000
jobs per month this year.

Employment in wholesale trade edged up over the month (+13,000). Since reaching an employment
trough in May 2010, the industry has added 228,000 jobs.

Information employment also edged up in November (+12,000), with the increase concentrated
in motion picture and sound recording (+15,000). On net, information employment has changed
little over the past 12 months.

In November, leisure and hospitality employment continued to trend up (+23,000). Over the
past 12 months, the industry has added 305,000 jobs.

Employment in construction declined by 20,000 in November, with much of the loss occurring
in construction of buildings (-11,000). Since early 2010, employment in construction has
shown no clear trend.

Manufacturing employment changed little over the month. Within the industry, job losses
in food manufacturing (-12,000) and chemicals (-9,000) more than offset gains in motor
vehicles and parts (+10,000) and wood products (+3,000). On net, manufacturing employment
has changed little since this past spring.

Employment in other major industries, including mining and logging, transportation and
warehousing, financial activities, and government, showed little change in November.

The average workweek for all employees on private nonfarm payrolls remained at 34.4
hours in November. The manufacturing workweek edged up by 0.1 hour to 40.6 hours, and
factory overtime was unchanged at 3.2 hours. The average workweek for production and
nonsupervisory employees on private nonfarm payrolls edged up 0.1 hour to 33.7 hours.
(See tables B-2 and B-7.)

In November, average hourly earnings for all employees on private nonfarm payrolls rose
by 4 cents to $23.63. Over the past 12 months, average hourly earnings have risen by
1.7 percent. In November, average hourly earnings of private-sector production and
nonsupervisory employees edged up by 3 cents to $19.84. (See tables B-3 and B-8.)

The change in total nonfarm payroll employment for September was revised from +148,000
to +132,000, and the change for October was revised from +171,000 to +138,000.

_____________
The Employment Situation for December is scheduled to be released on Friday,
January 4, 2013, at 8:30 a.m. (EST).

  ----------------------------------------------------------------------------------------
 |                                                                                        |
 |                   Revision of Seasonally Adjusted Household Survey Data                |
 |                                                                                        |
 |In accordance with usual practice, The Employment Situation release for December 2012,  |
 |scheduled for January 4, 2013, will incorporate annual revisions in seasonally adjusted |
 |unemployment and other labor force series from the household survey. Seasonally adjusted|
 |data for the most recent 5 years are subject to revision.                               |
 |                                                                                        |
  ----------------------------------------------------------------------------------------

   ---------------------------------------------------------------------------------------
  |                                                                                       |
  |                         Household Survey Reference Period                             |
  |                                                                                       |
  |In the household survey, the reference period for November 2012 was the calendar week  |
  |that included the 5th of the month. Typically, the reference period for the household  |
  |survey is the calendar week that includes the 12th of the month. In accordance with our|
  |usual practice for November, the reference and survey periods were a week earlier this |
  |year so that household survey interviews would not be conducted during the Thanksgiving|
  |holiday.                                                                               |
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Jumping off the fiscal cliff and bouncing back towards peace and prosperity with bungee budgets!–Videos

Posted on December 4, 2012. Filed under: American History, Blogroll, Business, College, Communications, Economics, Education, Employment, Federal Government, Federal Government Budget, Fiscal Policy, Foreign Policy, government spending, history, Inflation, Investments, Language, Law, liberty, Life, Links, Macroeconomics, media, Monetary Policy, People, Philosophy, Politics, Psychology, Public Sector, Raves, Resources, Security, Strategy, Tax Policy, Taxes, Unemployment, Unions, Video, War, Wealth, Weather, Wisdom | Tags: , , , , , , |

bungee_jumping_off_fiscal_cliff

FISCAL CLIFF, OH NOES!!

World’s Tallest Bungee Jump HD (Backwards)

Aussie tourist’s bungee cord snaps

Fiscal Cliff: What Republicans, Democrats Agree on So Far

Dan Mitchell Commenting on Republican Weakness in Fiscal Cliff Negotiations

Grover Norquist: Obama “Thinks Somebody Made Him King”

Peter Schiff: Many Other Cliffs Await the US Economy – CNBC 12/05/2012

“Grover Norquist confident Republicans will abide by no tax pledge” Grover Scares The GOP

Fiscal Cliff solution: Simpson-Bowles?

Fiscal Cliff GOP Plan Offered by John Boehner White House Rejects Plan

Obama – Finally An Aggressive Progressive?!

White House ‘Reluctantly’ Willing to Go Off Fiscal Cliff?

Obama On Rejecting GOP Plan: It’s Just A Matter Of Math’

Sen. Hatch: Obama’s “fiscal cliff” plan a “bait and switch”

Joe Scarborough Hammers Fiscal Cliff Offer: Was It Necessary For Obama ‘To Be So Provocative?’

Charles Krauthammer Fiscal Cliff Analogy: Obama Offer Worse Than Appomattox

Timothy Geithner ‘This Week’ Interview: Fiscal Cliff is in the GOP’s Court

Dr. Coburn on OUTFRONT with Erin Burnett Regarding Speaker Boehner’s Offer and Fiscal Cliff

Fiscal Cliff Hangout – Nov. 30, 2012

The Engineered Fiscal Cliff

Jumping off the fiscal cliff and bouncing back towards peace and prosperity with bungee budgets!

By Raymond Thomas Pronk

The year-end fiscal cliff time bomb of massive tax increases and huge spending cuts is ticking louder and louder.

On Nov. 29, President Barack Obama sent Treasury Secretary Tim Geithner to Congress to present his opening proposal to increase tax revenues by $1.6 trillion over the next 10 years, a possible extension of the temporary Social Security payroll tax cut and increased presidential power to raise the national debt without limit. Obama would support $600 billion in spending cuts including $350 billion from Medicare and other health programs.

However, Obama wants an additional $200 billion in new spending outlays for jobless benefits, aid for struggling homeowners and at least $50 billion for public works infrastructure projects—another stimulus package. In summary, Obama wants four times as much in tax increases as spending cuts.  Obama’s so-called balanced approach offer was dead on arrival in the Republican-controlled House..

House Speaker John Boehner, R-Ohio, and other Republican leaders responded by sending Obama the GOP plan in a Dec. 3 letter that includes $800 billion in higher tax revenues over the next decade. The letter pointed out that Erskine Bowles, co-chair of Obama’s debt commission, recommended a balanced middle ground approach that included significant spending cuts as well as $800 billion in new tax revenue.

However, the GOP plan would keep the Bush marginal tax rates for all brackets, including those for higher income earners in place. The Republican letter pointedly said,

“The new revenue in the Bowles plan would not be achieved through higher tax rates, which we continue to oppose and will not agree to in order to protect small businesses and our economy.”

The Republican plan would also cut over ten years $600 billion from costly health care programs including Medicare, $300 billion from national defense and domestic programs and another $300 billion from other proposals including forcing federal workers to contribute toward their pension plans. The Republican plan would produce an estimated $2.2 trillion in savings over 10 years.

Neither the Democratic nor Republican proposals to avoid the year-end fiscal cliff would balance the budget in the next ten years. The Republicans as much as admitted this in their letter by stating, “This is by no means an adequate long-term solution, as resolving our long-term fiscal crisis will require fundamental entitlement reform. Indeed, the Bowles’ plan is exactly the kind of imperfect but fair middle ground that allows us to avert the fiscal cliff without hurting our economy and destroying jobs.”

The president after reading the Republican proposal letter, rejected the GOP plan out of hand because it did not increase the marginal tax rates on those earning more than $250,000, the majority of whom are successful business owners who create wealth, income and jobs.

The table below summarizes the failed 10 year record of both political parties in controlling government spending that have produced massive fiscal-year deficits and an ever increasing national debt.

Summary of Tax Receipts and Spending Outlays of the

United States Government for Fiscal Years 2002-2012

[in million of dollars]

Fiscal Year Tax Receipts Spending Outlays Deficits (+)  or Surplus (-)

2002

1,853,225 2,011,016 157,791
2003 1,782,108 2,159,246 377,139
2004 1,879,783 2,292,628 412,845
2005 2,153,350 2,472,095 318,746
2006 2,406,675 2,654,873 248,197
2007 2,567,672 2,729,199 161,527
2008 2,523,642 2,978,440 454,798
2009 2,104,358 3,520,082 1,415,724
2010 2,161,728 3,455,931 1,294,204
2011 2,302,495 3,601,109 1,298,614
2012 2,449,093 3,538,446 1,089,353
Source: Department of the Treasury, Final Monthly Treasury Statements of Receipts and Outlays of the United States Government for Fiscal Years 2002-2012, table 1.

Neither the Democratic Party led by President Obama, Senate Majority Leader Harry Reid and House Minority Leader Nancy Pelosi nor the Republican Party led by House Speaker Boehner, House Majority Leader Eric Cantor and Senate Minority Leader Mitch McConnell, are capable of balancing the budget of the U.S. government.

U.S. government budget deficits are financed or paid for by the issuing of debt in the form of Treasury bills, notes or bonds by the Department of the Treasury. The sale of Treasury securities results in an increase in the national debt and an increase in the interest that must be paid by the American people to those who purchase the Treasury securities.

The Federal Reserve, the central bank of the United States, has been artificially suppressing interest rates for more than four years, to near zero rates (.25 percent) for federal funds, money loaned overnight by commercial banks to each other. Once inflation or a rise in the general price level hits the economy, interest rates will quickly rise to market levels. The interest paid by the federal government on its Treasury securities will quickly double and triple to more than $750 billion per year.

Until the U.S. government lives within the means of the American people by balancing its budget, the economy:

(1)   will grow at relatively low rates between 1 and 2 percent per year,

(2)   have persistently high unemployment rates in the 8 to 10 percent range,

(3)   and inflation or price increases will exceed 3 to 6 percent or more per year.

Economists describe such a situation as stagflation, a portmanteau of stagnation and inflation

Forget about the fiscal cliff. Focus on economic growth and job creation. Balance the budget.

A balanced budget is one in which total spending outlays equal total tax receipts. A budget deficit is one in which total spending outlays exceed total tax receipts. A budget surplus is one in which total tax receipts exceed total spending outlays.

Balance the U.S. government’s budget by Sept. 30, 2016, the end of fiscal year 2016, by cutting total government spending $250 billion or about 7 percent per year for four years until the budget is balanced or in surplus.

Federal government spending outlays would be capped at the following fiscal-year levels:

The Bungee Budgets

Balancing The United States Government Budget

By Sept. 30, 2016

Estimated Tax Receipts, Spending Outlays, Deficits, and Surpluses

[in million of dollars]

Fiscal Year Estimated Tax Receipts* Estimated Spending Outlays**  EstimatedDeficits (+)  or Surplus(-)
2013 2,475,000 3,288,000 813,000
2014 2,500,000 3,038,000 538,000
2015 2,525,000 2,788,000 263,000
2016 2,550,000 2,538,000 -12,000
*Estimated tax receipts are based on the current Internal Revenue Code being extended for four years and increasing tax receipts of $25 billion per fiscal year.**Spending outlays are reduced $250 billion from the previous fiscal year.

Extend the so-called Bush marginal tax rates for four years or until the current complex Internal Revenue Code and regulations are replaced by either a single flat income tax or a broad-based national consumption retail sales tax—the FairTax. The proposed bungee budgets for fiscal years 2013-2016 require leaders with courage, vision and wisdom to pass and implement them. The possibility of the above proposal being passed by Congress and signed into law by the president are slim and none.

Today the U.S. has a national debt exceeding $16 trillion and unfunded liabilities for Social Security and Medicare exceeding $63 trillion according to the latest report of the trustees of both programs. The unfunded liability is the amount the government has promised in benefits looking indefinitely into the future less the payroll taxes and premiums the government expects to collect.

The U.S. government’s national debt and unfunded liabilities now exceed $80 trillion or more than five times the total estimated U.S. real gross domestic product for 2012. The U.S. warfare and welfare state has already fallen off the fiscal cliff and is accelerating toward a default on its Treasury debt.

Yet the political theater in Washington, D.C., over the phony fiscal cliff crisis will continue into 2013. The American people deserve the leadership they voted for in November. Now the American people will pay the price as the economy heads toward another recession. The party is over. Happy New Year!

Raymond Thomas Pronk is host of the Pronk Pops Show on KDUX web radio from 3-5 p.m. Fridays and author of the companion blog http://www.pronkpops.wordpress.com.

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United Nations and International Telecommunications Union (ITU) Plans To Takeover The Internet at World Conference on International Telecommunications (WCIT)? or Google FUD?–Videos

Posted on December 2, 2012. Filed under: Blogroll, Business, College, Communications, Computers, Culture, Economics, Education, Entertainment, Federal Government, Fiscal Policy, Foreign Policy, Games, government spending, Language, Law, liberty, Life, Links, media, Movies, People, Philosophy, Politics, Regulations, Taxes, Technology, Video, Wealth, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , , |

itu

wcitWCIT-Leaks

Anonymous   WORLD ANONYMOUS NOW

Greetings citizens of the world, the following is a very special message for all of humanity. Too long have we lived in fear, fear of greed, fear of corruption, fear of failure, fear that everything we’ve known turned out to be wrong.

No longer will we live in fear! It ends here and now, with you and me! We are brothers and sisters of humanity, the time has come for us to unite! We must forge a new beginning of peace and love, we must be the good we want to see in the world.

Humanity is still young, and for the first time ever in human history we have a real chance at true peace as a species. The internet has united us more than ever before, its time we use this gift to promote the unity of us all. Its time we stand up as a planet and declare we will no longer take part in a system based on fear, greed, corruption, and war.

Lets put everything into perspective for those of you that need more convincing, the United Sates alone has spent trillions of dollars on wars. War has claimed the lives of over 264 million people throughout the course of known human history, many of whom where civilians. Human progress has been halted by senseless wars.

While we fight amongst ourselves on Earth there’s an entire universe passing us by. There are an estimated 160 billion planets in our galaxy alone, many of which could potentially be home to carbon-based life as we know it. Stars go supernova, entire solar systems get destroyed, even whole galaxies collide while we argue and fight over small and pointless issues. We should be happy we have a planet to live on, not fighting over who owns the planet. In truth no individual or even an entire species owns it, because in truth all life on Earth owns this planet.

Someday soon humanity will venture to the stars, will we go into the unknown divided and fighting? Or will we say as one voice, as one species, “We the People of Earth, united as one, declare from this day fourth that no force, however big or small, shall ever divide the spirit of humanity again. United in our cause for peace, knowledge, and progress, we go forward into the unknown as brothers and sisters, as a species no longer divided by war, greed, corruption, and fear.”

The choice is yours to make, you are Anonymous, you are the future of Earth. You can either continue the wars and division of humanity, or you can try something new. You can give peace a chance, you can help secure a beautiful world of peace, knowledge, and progress for all generations to come.

You are Anonymous,
You are part of Humanity,
You should Forgive,
yet You should never Forget,
It’s time to Expect Yourself…Lets unite under WORLD ANONYMOUS NOW.

With your help, may one day the innocent never suffer and the brave never die, for on that day we’ll truly be free. United as one, divided by zero.

anonymous ITU and WCIT 3-15 december

New Trend: Governing the Internet 

TAKE ACTION for a FREE and OPEN INTERNET, Threat Wire Ep. 002

This week on Threat Wire, Darren and Shannon discuss the issues with the ITU and keeping the internet free and open for the world.

For a list of stories and links visit: http://hak5.org/threatwire/0002

U.S. Resists U.N.-controlled Internet 

The UN have apparently released details that they will to add certain levels of control on the internet, which would for one thing cause traffic from abroad to larger international websites based in the US (such as facebook or Google) to have to pay a tax,.

“”Proposals for the new ITU treaty run to more than 200 pages. One idea is to apply the ITU’s long-distance telephone rules to the Internet by creating a ‘sender-party-pays’ rule. International phone calls include a fee from the originating country to the local phone company at the receiving end. Under a sender-pays approach, U.S.-based websites would pay a local network for each visitor from overseas, effectively taxing firms such as Google and Facebook. “

ALERT – United Nations To Seize Control Of Internet ?!?

The U.N. Threat To Internet Freedom
http://online.wsj.com/article/SB10001424052970204792404577229074023195322.html

United Nation Planning to Control The Internet – Alex Jones Tv

United Nations Seeks to Control the Internet – Thoughts & Opinions

Does the ITU threaten freedom of speech on the Internet? – Truthloader

Assange s prophecy  Govnts plan Internet takeover

Richard Hill at the EIF debate on WCIT and ITRs

The 193 member countries of the ITU will meet in Dubai 3-14 December at World Conference on International Telecommunication 2012 to revise the International Telecommunication Regulations (ITRs), a 1988 treaty-level document establishing policies governing international telecommunications services between countries. While some Member States of the International Telecommunication Union (ITU), as well as a few independent groups, are advocating for expanded intergovernmental powers over the Internet with respect to the Internet as well as wireless, IP-based, and next generation networks; other countries believe that the WCIT should adopt only minor changes to the ITRs as necessary to modernize the existing provisions of the treaty, and that new provisions and authorities are unnecessary.

Europe’s role and view will be crucial in the debate and to its outcome. In the dinner debate organised by the European Internet Foundation, representatives from the European Commission, European Industry and Civil society had been invited to exchange views on issues at stake and present their positions.

Perspectives from the International Telecommunications Union (ITU) were  presented by Richard Hill, Counsellor at the ITU

Vint Cerf on the ITU

Vint Cerf, Google’s Chief Internet Evangelist, shares a message with participants at the Big Tent Dublin on the importance of free expression. Vint also expresses his concerns about potential threats to an Open Internet in Internet governance reform at the International Telecommunications Union (ITU) conference in Dubai in December 2012.

YOUR INTERNET IS IN DANGER!!! 

Your internet is fine. I lied. But Google lied first, so I think it’s justified.

Links!
Google’s “Take Action”: https://www.google.com/intl/en/takeaction/
The International Telecommunications Union: http://www.itu.int/

International Telecommunication Regulations (doc): http://www.itu.int/ITU-T/itr/files/ITR-e.doc
Document leaks: http://wcitleaks.org/

Alex Jones Exposes Google’s Plan to Dominate the Internet 

Goodlatte speaks in opposition to UN control of the Internet 

ITU TELECOM WORLD 2012 – Highlights Video

Highlights video of ITU TELECOM WORLD 2012, Dubai, UAE.

ITU Telecom World 2012, 14-18 October 2012, Dubai International Convention and Exhibition Centre (DICEC).

Five days of pivotal discussion and debate on some of the hottest topics facing the ICT industry.

The world is changing faster than ever before in human history, thanks largely to the explosive growth of the ICT sector. New technologies, new industry players and new global trends is at the heart of debates in Dubai.

Hundreds of industry leaders came together with government ministers, regulators and manufacturers for five days of critical debate to shape the policies, regulations and competitive strategies of future communications.

ITU INTERVIEW @ WCIT-12: Paul Budde, Independent Analyst, BuddeComm

Interview with Paul Budde, Independent Analyst, BuddeComm at WCIT 2012
Dubai, United Arab Emirates, 3-14 December 2012.

The World Conference on International Telecommunications will review the current International Telecommunications Regulations (ITRs), which serve as the binding global treaty designed to facilitate international interconnection and interoperability of information and communication services, as well as ensuring their efficiency and widespread public usefulness and availability.

ITU Secretary – General Video Message: Dr Hamadoun I.Touré, S-G, ITU on WCIT – 12 

ITU Secretary General Video Message: Dr Hamadoun I.Touré, Secretary-General, International Telecommunications Union, speaking about the World Conference on International Telecommunications 2012(WCIT -12).

ITU will convene the World Conference on International Telecommunications (WCIT) in Dubai, United Arab Emirates, from 3-14 December 2012. This landmark conference will review the current International Telecommunication Regulations (ITRs), which serve as the binding global treaty designed to facilitate international interconnection and interoperability of information and communication services, as well as ensuring their efficiency and widespread public usefulness and availability.

FRANCE 24 Tech 24:      Who rules the Web? : ITU vs. ICANN

Internet at Liberty 2012: Plenary II –  Riz Khan, Gary Fowlie, Ben Wagner

Possible Internet Take Over By The ITU (UN) [HD]

 Spread the word, share & take action! :

*Sign-on Letter Opposing ITU Authority Over the Internet :

{https://www.cdt.org/letter/sign-letter-opposing-itu-authority-over-internet}

*ITU Advocacy Tools:

[Internet advocates all over the world are organizing around the upcoming ITU conference. On this page, we’ve collected a set of tools and resources to help interested groups and citizens get involved.]

{https://www.cdt.org/content/itu-tools-advocates}

*ITU Commentary by Global Experts:

{https://www.cdt.org/content/itu-commentary-global-experts}

*CDT Analyses of Key ITU Proposals:

{https://www.cdt.org/content/cdt-analyses-key-itu-proposals}

*ONLINE PETITION: Protect Global Internet Freedom (Organizations:924 – Countries Represented: 161) :

{http://www.protectinternetfreedom.net/}

Internet should stay free and open

Ivailo Kalfin (MEP, BG) argues in the European parliament that Internet should stay free and open, ahead of the WCIT meeting in Dubai in December. Internet is a very strong tool these days and there are many that would like to control it and the people, using it. For example by changing its business model and making it more expensive and less accessible. Some governments are even suggesting creating a “national internet”, which is an oxymoron, something that is against the nature of Internet itself, says Kalfin

Operation WCIT – Keep OUR internet Free

We love the internet.
And we’re guessing you do too. Think about all the awesome things it gives us: A vast communication network; innovative businesses; a platform to freely speak or challenge powerful governments; and hundreds and hundreds of hours of cat videos.

All this great stuff is available because the internet was designed in an open and inclusive way, with a multitude of voices being able to get a say on how it’s governed.
But the internet is in danger.

There’s a meeting between the world’s governments in a just a few weeks, and it could very well decide the future of the internet through a binding international treaty. It’s called the World Conference on International Telecommunications (WCIT), and it’s being organized by a government-controlled UN agency called the International Telecommunication Union (ITU).

If some proposals at WCIT are approved, decisions about the internet would be made by a top-down, old-school government-centric agency behind closed doors. Some proposals allow for internet access to be cut off more easily, threaten privacy, legitimizes monitoring and blocking of online traffic. Others seek to impose new fees for accessing content, not to mention slowing down connection speeds. Used as a pretext to internet pornography among other things as an excuse to censor sensitive material pages (note that there are too many cases of child pornography that are ignored by the police) In addition to paying for internet service, you’d also have to pay for visiting certain sites, such as YouTube. Your communications would be constantly monitored and archived, meaning the end of Internet privacy. This could potentially lead to individuals becoming victims of blackmail by malicious people who control the monitoring. The Internet is home to many organized social movements which fight for human rights worldwide. If we allow this, we will not be able to use the Internet to organize the defense of our rights…

If the delicate balance of the internet is upset, it could have grave consequences for businesses and human rights.
This must be stopped.

Only governments get a vote at WCIT, so we need people from all around the world to demand that our leaders keep the internet open.
Watch the video, and take action above to tell your governments to oppose handing over key decisions about the internet to the ITU. Let’s use the internet’s global reach to save it.

Watch the video here https://www.whatistheitu.org/?ref=an

Leaked documents here http://www.wcitleaks.org/

WebChat: http://webchat.voxanon.org/?channels=opwcit

We are the internet
We are anonymous
We are here to help you with your revolution

Background Articles and Videos

World Conference on International Telecommunications (WCIT-12)

“…ITU will convene the World Conference on International Telecommunications (WCIT) in Dubai, United Arab Emirates, from 3-14 December 2012. This landmark conference will review the current International Telecommunications Regulations (ITRs), which serve as the binding global treaty designed to facilitate international interconnection and interoperability of information and communication services, as well as ensuring their efficiency and widespread public usefulness and availability.

The treaty sets out general principles for assuring the free flow of information around the world, promoting affordable and equitable access for all and laying the foundation for ongoing innovation and market growth. The ITRs were last negotiated in Melbourne, Australia in 1988, and there is broad consensus that the text now needs to be updated to reflect the dramatically different information and communication technology (ICT) landscape of the 21st century.
The conference will consider a review (see PP-06 Resolution 146) of the International Telecommunication Regulations (ITRs), which define the general principles for the provision and operation of international telecommunications. …”

HISTORY OF ITU: “The International Telecommunication Union” – 1966 United Nations Film (Part 1)

HISTORY OF ITU: “The International Telecommunication Union” – 1966 United Nations Film (Part 2)

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SONY’s Ultra High Definition (UHD) 4K Resolution 84 Inch TV–Videos

Posted on December 2, 2012. Filed under: Communications, Computers, Economics, Language, Law, liberty, Life, Links, media, People, Philosophy, Technology, Television | Tags: , , , , |

SONY-KD-84-X9005-84inches-passive-3D-TV

4krez

HD 2K 4K Video Time Lapse Stock Footage Showreel 2011 – Night Rush Around the World 2 

Ultra High Definition Television: Threshold of a new age

A look at 4K TV, with Tech Expert Marc Saltzman at CES 2012 

Sony Bravia KD-84X9005 84-inch 4K HDTV (IFA 2012) 

VIDEO: Sony’s Ultra High-Definition 84-Inch Television 

SONY 84 INCH 4K UHD TV WTF?!?!

Sony’s Ultra High Definition TV will come with world’s first 4K delivery system

Démo TV Sony 4K Ultra HD 84″ (214cm)

Ultra high-definition 84-inch TV coming to the U.S. with a $25,000 (£15,614)  price tag

  • Sony is releasing its first  ultra-high-definition television, a massive 84-inch set that retails for $25,000  (£15,614) and features nearly four times the resolution of typical  high-definition TVs
  • Ultra HD is widely regarded as the next  evolution in TV technology

“…The new, restored and rebooted films from  Sony Pictures are among the content coming pre-loaded on a video player bundled  with Sony’s first ultra-high-definition television, a massive 84-inch set that  retails for $25,000 (£15,614) and features nearly four times the resolution of  typical high-definition TVs.

‘People ask the question, “Do I need to get a  bigger house to fit an 84-inch TV?”’ said Chris Cookson, president of Sony  Pictures Technologies.

‘The answer is that 25 inches was right for  standard definition; 50 inches was right for high-definition; and 84 inches is  right now that we’re going ultra-high-def.’

Ultra HD is widely regarded as the next  evolution in TV technology, but there’s currently a lack of content that takes  advantage of the vast resolution, though Ultra HD sets are equipped to upscale  lower resolution video.

Sony Corp. is hoping to overcome that pitfall  that with this new player.

The Japanese electronics giant debuted the  hard-disc server – hidden in a cabinet underneath the behemoth television – at a  posh invite-only party Thursday at a private mansion in Santa Monica that  featured a performance by John Legend.

The video player will include 4K content such  as short films, concerts and 10 feature-length movies, including ‘The Other  Guys,’ ‘Salt’ and ‘The Bridge on the River Kwai.’

Sony’s TV will also come with an Xperia  Tablet S, which can be used as a touchscreen remote control.

Read more: http://www.dailymail.co.uk/news/article-2241314/Ultra-high-definition-84-inch-TV-coming-U-S-25-000–15-614-price-tag.html#ixzz2Dw8mvtnR Follow us: @MailOnline on Twitter | DailyMail on Facebook

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Ron Paul’s Farewell Speech To Congress–Videos

Posted on December 2, 2012. Filed under: Blogroll, Business, College, Communications, Economics, Education, Federal Government, Federal Government Budget, Fiscal Policy, Foreign Policy, government, government spending, Homes, Immigration, Inflation, Investments, Language, Law, liberty, Life, Links, Macroeconomics, media, People, Philosophy, Politics, Public Sector, Radio, Rants, Raves, Regulations, Tax Policy, Taxes, Unemployment, Unions, Video, War, Wealth, Wisdom | Tags: , , , , , , , , , , , , , |

ron-paulRon-Paul1

Ron Paul’s Farewell Speech to Congress, November 14th, 2012

Ron’ Pauls Greatest Speech “The Last Nail” 

Congressman Ron Paul, MD – We’ve Been NeoConned 

Thank You Dr. Ron Paul 

Duncan Pays Tribute to Ron Paul

Ron Paul RNC Tribute Video 

Ron Paul ‘Exit Interview’ with The Washington Post 11/29/2012

rp12-champion-of-the-constitution-collage-we-the-peopleron_paul_family

Background Articles and Videos

Mind blowing speech by Robert Welch in 1958 predicting Insiders plans to destroy America

G. Edward Griffin – The Collectivist Conspiracy 

Constitutional Conservatism or Die

A man of principle and integrity ahead of his time.

He will be greatly missed by the American people who love liberty.

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History Repeats Itself on The Fiscal Cliff–House of Representatives Should Extend Bush Tax Rates Another Year–Let Obama Jump Off The Fiscal Cliff–Focus On Growing The Economy By Lowering Tax Rates and Balancing The Budget–Videos

Posted on December 2, 2012. Filed under: American History, Blogroll, Business, Communications, Economics, Education, Employment, Federal Government, Federal Government Budget, Fiscal Policy, Food, Foreign Policy, government spending, Health Care, history, Law, liberty, Links, Macroeconomics, Microeconomics, People, Philosophy, Politics, Raves, Resources, Tax Policy, Video, War, Wisdom | Tags: , , , |

Barack Obama-Taking Us Over a Cliff

Balancing the Budget Without Cutting Spending Would Cause Taxes to Skyrocket

America is running massive deficits, and a balanced budget requirement is often considered a way to rein in red ink.

Without serious entitlement and spending reforms, the level of taxes required to balance the budget would reach economically stagnating levels.

balancing-budget-680

Entitlement Spending Will Nearly Double by 2050

Spending on Medicare, Medicaid, Social Security, and the Obamacare subsidies will soar as 78 million baby boomers retire and health care costs climb.

Total spending on federal health care programs will more than double.

Future generations will be left with an untenable debt burden.

entitlement-spending-double

Tax Revenues Devoured By Medicare, Medicaid, and Social Security in 2045

Spending on Medicare, Medicaid, the Obamacare subsidies, and Social Security will devour all revenues by 2045.

Entitlement spending is already crowding out vital constitutional functions, such as defense.\

entitlements-historical-tax-levels

Robert Welch Accurately Predicted Fall Off Fiscal Cliff in 1974

Peter Schiff 2012 – Stop spending and consuming, start saving and producing! 

What is the Fiscal Cliff? Everything You Need To Know

Pat Buchanan: Republicans Should Stand Their Ground on Tax Hikes

Speaker Boehner: “I’m Determined to Solve Our Debt Problem. We Have a Serious Spending Problem”

Ouch! Geithner Is Busted Lying About Non-Existent War Savings

Timothy Geithner ‘This Week’ Interview: Fiscal Cliff is in the GOP’s Court 

Fiscal Cliff Explained – How Do We Land? Mike Maloney Gold & Silver Inc 

When Will the Real Fiscal Cliff Negotiations Begin?: ‘This Week’ Roundtable Discussion 

Ron Paul on Secession, Romney, Fiscal Cliff, the GOP’s Future and

Constitutional Conservatism or Die

Fiscal Cliff history lesson

Hear a history lesson about the fiscal cliff of 1990 known as the 1990 Budget summit agreement. It resulted in budget surpluses and balanced budgets for our federal government from 1994 until just after the attack of 9/11 of 2001. Elizabeth B. Letchworth is the only women in the United States Senate history to be elected by the Senate to serve as the U.S. Senate Secretary for the Majority for the Republicans. She is now a principal @ Congressional Global Strategy, LLC and owner of GradeGov.com

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Julian Assange–Cypherpunks: Freedom and the Future of the Internet–On Turnkey Totalitarianism With The Internet–Videos

Posted on December 1, 2012. Filed under: American History, Blogroll, Business, Communications, Computers, Economics, Education, Federal Government, Foreign Policy, government spending, history, Language, Law, liberty, Life, Links, media, People, Philosophy, Politics, Programming, Rants, Raves, Regulations, Security, Video, War | Tags: , , , , |

OR Book Going Rouge

julian_assange

‘Cypherpunks': Assange book backs privacy protection, power of transparency

Assange s prophecy  Govnts plan Internet takeover

Clearing the smokescreen on Julian Assange and Wikileaks

With all the propaganda about Julian Assange and wikileaks in the media it’s sometimes hard to tell the truth from the lies. Here is a very impartial documentary that only looks at the hard facts, from direct witnesses to the lawyers involved in the case.

Julian Assange Interview (web surveillance)

Julian Assange on the Surveillance State, Wikileaks, Bradley Manning, Cypherpunks

The Julian Assange Show: Cypherpunks Uncut (p.1)

The Julian Assange Show: Cypherpunks Uncut (p.2)

Julian Assange takes on MSM lackey Erin Burnett

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