All Aboard The Train Wreck Obamacare — Whitehouse Fear American People Will Not Get On Board — Why Should They? — Congress and Staffs Just Got Off Obamacare Train Wreck — Defund Obamacare Now! — Videos

Posted on August 10, 2013. Filed under: American History, Blogroll, Business, College, Communications, Constitution, Economics, Education, Federal Government, Federal Government Budget, Fiscal Policy, government spending, history, Language, Law, liberty, Life, Links, Macroeconomics, media, Microeconomics, People, Philosophy, Photos, Politics, Rants, Raves, Resources, Security, Strategy, Talk Radio, Tax Policy, Technology, Unemployment, Video, Wisdom | Tags: , , , , , , , , , , , , , |

ObamaCare-Train-Wreck

train_wreck

Obamacarewaiver-congressBeeler-Obamacare-train-wreck

defund-obamacare

Obamacare_Train_Wreck

tumblr_mlgjgqO0JC1s6fei0o1_500

Knowing (2009) – Full Subway Crash Scene

Obamacare Summed Up in One Sentence

Obama on single payer health insurance

Congress grants itself ObamaCare exemptions

GOP Push To Defund Obamacare, 2016 Barack Obama’s Health Care

Obama Single Payer Best Plan

Obama Falsely Claims Health Insurance Will Be ‘Significantly Cheaper’ Under Obamacare

Obamacare Exemption For Congress Staff Where Did They Get Authority To Do This

Obamacare Waiver For Congress – TheBlazeTV – The Glenn Beck Radio Program – 2013.08.08

John Stossel – The ObamaCare Regulation Overload

Oklahoma Doctors vs. Obamacare

ObamaCare Architect Says ObamaCare Heading For “Huge Train Wreck”

Obamacare! – Sen Baucus (D): Health Law Heading For “Train Wreck” – Wake Up America!

IRS Commissioner: I Would Rather Keep My Health Plan Than Have Obamacare

Latest News Bulletin – Fund: ‘Unclear’ if IRS Can Fairly Implement Obamacare

Latest News Bulletin – Krauthammer’s Take: Obama Dissembles on Obamacare’s ‘Uninten

Latest News Bulletin – Another Dem Rips ‘Terribly Inefficient’ WH on Obamacare

Mike Lee On Defunding Obamacare – TheBlazeTV – The Glenn Beck Program – 2013.07.23

Ted Cruz: ‘Why is President Obama threatening to shut down the federal government?’

Dr. Coburn on the Senate Floor: Obamacare Will Only End With Full Repeal

 

Defunding Obamacare! – Hannity Special Panel To Debate Universal Nightmare

Government Shutdown & Obamacare: What Do These Creepy Tea baggers Want?

Senator Mike Lee On Obamacare – TheBlazeTV – The Glenn Beck Radio Program – 2013.07.25

Jindal Explains Obamacare Train Wreck, False Promises

Obamacare Crippling Job Creation – Unable To Hire Full-Time Where’s My Job?- Huckabee Special

Fight For America: ObamaCare

Obamacare – Reid: More Funding Needed To Prevent Health Care Law From Becoming “Train Wreck”

Harry Reid and Tom Coburn Agree: Obamacare Was Designed to Fail, Pave Way for Single-Payer

In just about seven weeks, people will be able to start buying Obamacare-approved insurance plans through the new health care exchanges.

But already, Senate Majority Leader Harry Reid is predicting those plans, and the whole system of distributing them, will eventually be moot.

Reid said he thinks the country has to “work our way past” insurance-based health care during a Friday night appearance on Vegas PBS’ program “Nevada Week in Review.”

“What we’ve done with Obamacare is have a step in the right direction, but we’re far from having something that’s going to work forever,” Reid said.

When then asked by panelist Steve Sebelius whether he meant ultimately the country would have to have a health care system that abandoned insurance as the means of accessing it, Reid said: “Yes, yes. Absolutely, yes.”

The idea of introducing a single-payer national health care system to the United States, or even just a public option, sent lawmakers into a tizzy back in 2009, when Reid was negotiating the health care bill.

And so we have a rare moment of bipartisan agreement in the United States Senate. Reid now appears to concur with Republican senator Tom Coburn of Oklahoma, who has has been warning for quite some time that Obamacare was “rigged to fail” in order to pave  the way for a total government takeover of the health insurance industry.

“More than two years after the passage of Obamacare, the data overwhelming show the law will fail to achieve its core objectives of lowering costs and improving access,” Coburn wrote in 2012. “That, ironically, may have been the design. By making private insurance unaffordable for everyone, it will become available to no one. All that will be left is government-centered, government-run, single-payer health care.”

As liberal Washington Post blogger Ezra Klein said in 2008, organizations on the left pushing for health care reform were pursuing a “sneaky strategy” to “put in place something that over time the natural incentives … move it to single payer.”

So the big question on the left and right isn’t really whether or not Obamacare will eventually fail, but what comes after it fails.

When Obamacare starts to unravel, will the American people really trust the Democrats who designed it to fix it by giving the government more power and more control? Or will Obamacare’s failure provide an opportunity to repeal it and replace it with a more conservative, free-market reform?

http://www.youtube.com/watch?v=MPxhbYUaT-s

Reid says Obamacare just a step toward eventual single-payer system

By

In just about seven weeks, people will be able to start buying Obamacare-approved insurance plans through the new health care exchanges.

But already, Senate Majority Leader Harry Reid is predicting those plans, and the whole system of distributing them, will eventually be moot.

Reid said he thinks the country has to “work our way past” insurance-based health care during a Friday night appearance on Vegas PBS’ program “Nevada Week in Review.”

“What we’ve done with Obamacare is have a step in the right direction, but we’re far from having something that’s going to work forever,” Reid said.

When then asked by panelist Steve Sebelius whether he meant ultimately the country would have to have a health care system that abandoned insurance as the means of accessing it, Reid said: “Yes, yes. Absolutely, yes.”

The idea of introducing a single-payer national health care system to the United States, or even just a public option, sent lawmakers into a tizzy back in 2009, when Reid was negotiating the health care bill.

“We had a real good run at the public option … don’t think we didn’t have a tremendous number of people who wanted a single-payer system,” Reid said on the PBS program, recalling how then-Sen. Joe Lieberman’s opposition to the idea of a public option made them abandon the notion and start from scratch.

Eventually, Reid decided the public option was unworkable.

“We had to get a majority of votes,” Reid said. “In fact, we had to get a little extra in the Senate, we have to get 60.”

Reid cited the post-WWII auto industry labor negotiations that made employer-backed health insurance the norm, remarking that “we’ve never been able to work our way out of that” before predicting that Congress would someday end the insurance-based health care system.

Reid also had some strong words for Republican Gov. Brian Sandoval and Sen. Dean Heller concerning their ongoing dispute with Energy Secretary Ernest Moniz over shipments of low-level nuclear waste from Oak Ridge, Tenn., to Nevada.

Sandoval disputes the existence of “many memos” that Moniz said were signed between state and federal officials, permitting the import of the spent fuel rods. Heller has asked Moniz to clarify the existence of the memos, which Moniz first referred to in testimony before the Senate Energy Committee on July 30.

Reid suggested that Sandoval and Heller were “flailing away” with their complaints, before establishing the facts, which Reid said he “just do[es]n’t think we have.”

“If there are these memos flying around then somebody should be able to find them someplace, but this is not the point,” Reid said. “Gov. Sandoval knows his powers are limited. This is interstate commerce … you can’t just say ‘we’re not going to take it.’ It doesn’t work that way.”

http://www.lasvegassun.com/news/2013/aug/10/reid-says-obamacare-just-step-toward-eventual-sing

Related Posts On Pronk Palisades

Ruling Elite To American People–Congress and Staff is Exempt From Obamacare Despite The Fact The Law Clearly States Congress Is Not! — Stop Funding Obamacare Now! — Sign The Petition — Videos

Read Full Post | Make a Comment ( None so far )

The Growth Gap Widens As U.S. Heads Into Another Recession: Real Gross Domestic Product Down From 3.1% in Third Quarter to .1% in Fourth Quarter 2012! — Videos

Posted on February 28, 2013. Filed under: American History, Banking, Blogroll, Books, Business, College, Communications, Demographics, Economics, Education, Employment, Energy, Federal Government, Federal Government Budget, Fiscal Policy, history, Inflation, Language, Law, liberty, Life, Links, Macroeconomics, media, Microeconomics, Monetary Policy, Money, People, Philosophy, Politics, Psychology, Quotations, Raves, Regulations, Reviews, Tax Policy, Taxes, Unemployment, Video, Wealth | Tags: , , , , , , , , , , , , , , , , , , , , , , , |

us-economy-2012

GDP-10-recoveries-10-2012

gdp_large

US-GDP-dec232010013013gdp-600x445

gdp-components-since-2007 (1)

debt-and-gdp-main6

US_jobs_January_2013_Jan312013

gdpoilprice

Gerald Celente Predicts Economic Recession

Gerald Celente – Yahoo!’s The Daily Ticker – February 20, 2013

Gerald Celente: World Bank, Banksters, Coming Collapse.

Peter Schiff – Economic Collapse 2013

Peter Schiff: It’s Going To Hit The Fan During Obama’s Second Term – Fox Business

Peter Schiff: Wall Street’s rising back thanks to the taxpayers

Jim Rogers Asks Whether Obama Is ‘Delusional’ Or ‘Lying’

Chairman Kevin Brady presents his Opening Statement During JEC Hearing

Congressman Paulsen questions witnesses during Hearing on State of US Economy

Rep, Campbell during Joint Economic Committee Hearing on State of US Economy

Bill Gross Warns of Fed Easing ‘Irrational Exuberance Has Unduly Escalated Asset V

Harvey Golub on Fed Monetary Policy: We’re Creating a Series of Bubbles

Marc Faber Odds of World Heading Into Global Recession By 2013 Is 100% Certainty

JIM ROGERS – ‘If You Are Not Worried About 2013, Please – Get Worried’

Jim Rogers author of “Street Smarts” sits down w Glenn Beck on The Blaze TV re.

US to go into recession: Danielle Park

fiscal policy & automatic stabilizers

Austrian Economics versus Mainstream Economics | Mark Thornton

Econ Crisis 2 – Recessions

Old School Macro

Fiscal Policy

Deficits & The Debt

How Do Banks Work?

Central Bank & Monetary Policy

EMBARGOED UNTIL RELEASE AT 8:30 A.M. EST, THURSDAY, FEBRUARY 28, 2013
BEA 13-06

* See the navigation bar at the right side of the news release text for links to data tables,
contact personnel and their telephone numbers, and supplementary materials.

Lisa S. Mataloni: (202) 606-5304 (GDP) gdpniwd@bea.gov
Recorded message: (202) 606-5306
Ralph Stewart: (202) 606-2649 (News Media)
Jeannine Aversa: (202) 606-2649 (News Media)
National Income and Product Accounts
Gross Domestic Product, 4th quarter and annual 2012 (second estimate)
      Real gross domestic product -- the output of goods and services produced by labor and property
located in the United States -- increased at an annual rate of 0.1 percent in the fourth quarter of 2012
(that is, from the third quarter to the fourth quarter), according to the "second" estimate released by the
Bureau of Economic Analysis.  In the third quarter, real GDP increased 3.1 percent.

      The GDP estimate released today is based on more complete source data than were available for
the "advance" estimate issued last month.  In the advance estimate, real GDP declined 0.1 percent.  The
upward revision to the percent change in real GDP is smaller than the average revision from the advance
to second estimate of 0.5 percentage point.  While today’s release has revised the direction of change in
real GDP, the general picture of the economy for the fourth quarter remains largely the same as what
was presented last month (for more information, see "Revisions" on page 3).

      The increase in real GDP in the fourth quarter primarily reflected positive contributions from
personal consumption expenditures (PCE), nonresidential fixed investment, and residential fixed
investment that were partly offset by negative contributions from private inventory investment, federal
government spending, exports, and state and local government spending.  Imports, which are a
subtraction in the calculation of GDP, decreased.

	The deceleration in real GDP in the fourth quarter primarily reflected downturns in private
inventory investment, in federal government spending, in exports, and in state and local government
spending that were partly offset by an upturn in nonresidential fixed investment, a larger decrease in
imports, and an acceleration in PCE.

_______

FOOTNOTE.  Quarterly estimates are expressed at seasonally adjusted annual rates, unless otherwise
specified.  Quarter-to-quarter dollar changes are differences between these published estimates.  Percent
changes are calculated from unrounded data and are annualized.  "Real" estimates are in chained (2005)
dollars.  Price indexes are chain-type measures.

      This news release is available on BEA’s Web site along with the Technical Note and Highlights
 related to this release.  For information on revisions, see "Revisions to GDP, GDI, and Their Major
 Components".
_______

      Final sales of computers added 0.10 percentage point to the fourth-quarter change in real GDP
after adding 0.11 percentage point to the third-quarter change.  Motor vehicle output added 0.19
percentage point to the fourth-quarter change in real GDP after subtracting 0.25 percentage point from
the third-quarter change.

      The price index for gross domestic purchases, which measures prices paid by U.S. residents,
increased 1.5 percent in the fourth quarter, 0.2 percentage point more than in the advance estimate; this
index increased 1.4 percent in the third quarter.  Excluding food and energy prices, the price index for
gross domestic purchases increased 1.1 percent in the fourth quarter, compared with an increase of 1.2
percent in the third.

      Real personal consumption expenditures increased 2.1 percent in the fourth quarter, compared
with an increase of 1.6 percent in the third.  Durable goods increased 13.8 percent, compared with an
increase of 8.9 percent.  Nondurable goods increased 0.1 percent, compared with an increase of 1.2
percent.  Services increased 0.9 percent, compared with an increase of 0.6 percent.

      Real nonresidential fixed investment increased 9.7 percent in the fourth quarter, in contrast to a
decrease of 1.8 percent in the third.  Nonresidential structures increased 5.8 percent; it was unchanged in
the third quarter.  Equipment and software increased 11.3 percent in the fourth quarter, in contrast to a
decrease of 2.6 percent in the third.  Real residential fixed investment increased 17.5 percent, compared
with an increase of 13.5 percent.

      Real exports of goods and services decreased 3.9 percent in the fourth quarter, in contrast to an
increase of 1.9 percent in the third.  Real imports of goods and services decreased 4.5 percent, compared
with a decrease of 0.6 percent.

      Real federal government consumption expenditures and gross investment decreased 14.8 percent
in the fourth quarter, in contrast to an increase of 9.5 percent in the third.  National defense decreased
22.0 percent, in contrast to an increase of 12.9 percent.  Nondefense increased 1.8 percent, compared
with an increase of 3.0 percent.  Real state and local government consumption expenditures and gross
investment decreased 1.3 percent, in contrast to an increase of 0.3 percent.

      The change in real private inventories subtracted 1.55 percentage points from the fourth-quarter
change in real GDP, after adding 0.73 percentage point to the third-quarter change.  Private businesses
increased inventories $12.0 billion in the fourth quarter, following increases of $60.3 billion in the third
and $41.4 billion in the second.

      Real final sales of domestic product -- GDP less change in private inventories -- increased 1.7
percent in the fourth quarter, compared with an increase of 2.4 percent in the third.

Gross domestic purchases

      Real gross domestic purchases -- purchases by U.S. residents of goods and services wherever
produced -- decreased 0.1 percent in the fourth quarter, in contrast to an increase of 2.6 percent in the
third.
Current-dollar GDP

      Current-dollar GDP -- the market value of the nation's output of goods and services -- increased
1.0 percent, or $40.2 billion, in the fourth quarter to a level of $15,851.2 billion.  In the third quarter,
current-dollar GDP increased 5.9 percent, or $225.4 billion.

Revisions

      The "second" estimate of the fourth-quarter percent change in GDP is 0.2 percentage point, or
$9.2 billion, more than the advance estimate issued last month, primarily reflecting an upward revision
to exports, a downward revision to imports, and an upward revision to nonresidential fixed investment
that were partly offset by a downward revision to private inventory investment.

                                                                     Advance Estimate             Second Estimate
                                                                       (Percent change from preceding quarter)

Real GDP.......................................                            -0.1                         0.1
Current-dollar GDP.............................                             0.5                         1.0
Gross domestic purchases price index...........                             1.3                         1.5

2012 GDP

      Real GDP increased 2.2 percent in 2012 (that is, from the 2011 annual level to the 2012 annual
level), compared with an increase of 1.8 percent in 2011.

      The increase in real GDP in 2012 primarily reflected positive contributions from personal
consumption expenditures (PCE), nonresidential fixed investment, exports, residential fixed investment,
and private inventory investment that were partly offset by negative contributions from federal
government spending and from state and local government spending. Imports, which are a subtraction in
the calculation of GDP, increased.

      The acceleration in real GDP in 2012 primarily reflected a deceleration in imports, upturns in
residential fixed investment and in private inventory investment and smaller decreases in state and local
government spending and in federal government spending that were partly offset by decelerations in
PCE, exports, and nonresidential fixed investment.

      The price index for gross domestic purchases increased 1.7 percent in 2012, compared with an
increase of 2.5 percent in 2011.

      Current-dollar GDP increased 4.0 percent, or $605.8 billion, in 2012 to a level of $15,681.5
billion, compared with an increase of 4.0 percent, or $576.8 billion, in 2011.

	During 2012 (that is, measured from the fourth quarter of 2011 to the fourth quarter of 2012),
real GDP increased 1.6 percent.  Real GDP increased 2.0 percent during 2011.  The price index for gross
domestic purchases increased 1.5 percent during 2012, compared with an increase of 2.5 percent during
2011.

                                            *          *          *

      BEA's national, international, regional, and industry estimates; the Survey of Current Business;
and BEA news releases are available without charge on BEA's Web site at www.bea.gov.  By visiting
the site, you can also subscribe to receive free e-mail summaries of BEA releases and announcements.

                                           *          *          *

                             Next release -- March 28, 2013 at 8:30 A.M. EDT for:
                Gross Domestic Product:  Fourth Quarter and Annual 2012 (Third Estimate)
                              Corporate Profits:  Fourth Quarter and Annual 2012

gdp_large

Read Full Post | Make a Comment ( None so far )

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

Read Full Post | Make a Comment ( None so far )

Obama Panics Over Soaring Gas Prices And Plummeting Popularity–Now Favors All Forms of Energy Including Oil and Natural Gas And Pipelines!–Unbelieveable–Videos

Posted on March 22, 2012. Filed under: Blogroll, Business, Communications, Economics, Energy, Natural Gas, Oil, Raves, Resources, Strategy, Taxes, Video, War, Wisdom | Tags: , , , , , , , , , , , , |

http://news.investors.com/article/604303/201203141303/oil-abundant-in-the-united-states.htm

Myth: The World is Running Out of Oil (Peak Oil) 

Eagle Ford & Bakken Shale Oil: The New Rush For Black Gold 

Oil Shale, Enough Oil for Over 150 Years! 

Unlocking the Bakken: North Dakota’s Future in Meeting World Energy Needs

http://news.investors.com/article/604030/201203121828/poll-shows-drilling-support-obama-defensive.htm

#ObamaGap Between Words & Actions on Energy 

Hoeven:President Obama’s Cushing Visit Highlights His Continuing Obstruction of KXL 

Senator Blumenthal calls for action against excessive oil speculation that inflates gas prices.

Regulations on Speculation Weak, But Better Than Nothing 

Speculation and Watered Down Regulation 

Secret Exemptions Allowed Speculators to Distort Futures Markets 

How Wall St Speculation Drives Up Gas Prices 

What are futures? – MoneyWeek investment tutorial 

What are ‘contango’ and ‘backwardation’?

Contango & backwardation in commodity forward markets 

President to Announce Support for Part of Keystone Pipeline

Obama To Fast-Track Permit For Keystone Oil Pipeline

Bill Johnson: Pres Obama’s Energy Policies are Failing America

Senator: Obama blocking Keystone didn’t send wrong message to Wall Street 

Limbaugh: As Gas Prices Rise, Obama Pushes His Green Energy Money Laundering Operation

Democrats Have No Plan to Bring Down Rising Gas Prices, But They Do Have a Plan to Make Them Go Up 

(3.22.12) Obama Defends Handling of Keystone Pipeline 

Fox News Blames Obama For Gas Prices 

Background Articles and Videos

Scarce Oil? U.S. Has 60 Times More Than Obama Claims

By JOHN MERLINE, INVESTOR’S BUSINESS DAILY

“…U.S. Awash In Oil

But the figure Obama uses — proved oil reserves — vastly undercounts how much oil the U.S. actually contains. In fact, far from being oil-poor, the country is awash in vast quantities — enough to meet all the country’s oil needs for hundreds of years.

The U.S. has 22.3 billion barrels of proved reserves, a little less than 2% of the entire world’s proved reserves, according to the Energy Information Administration. But as the EIA explains, proved reserves “are a small subset of recoverable resources,” because they only count oil that companies are currently drilling for in existing fields.

When you look at the whole picture, it turns out that there are vast supplies of oil in the U.S., according to various government reports. Among them:

At least 86 billion barrels of oil in the Outer Continental Shelf yet to be discovered, according to the government’s Bureau of Ocean Energy Management.

About 24 billion barrels in shale deposits in the lower 48 states, according to EIA.

Up to 2 billion barrels of oil in shale deposits in Alaska’s North Slope, says the U.S. Geological Survey.

Up to 12 billion barrels in ANWR, according to the USGS.

As much as 19 billion barrels in the Utah tar sands, according to the Bureau of Land Management.

Then, there’s the massive Green River Formation in Wyoming, which according to the USGS contains a stunning 1.4 trillion barrels of oil shale — a type of oil released from sedimentary rock after it’s heated.

http://news.investors.com/article/604303/201203141303/oil-abundant-in-the-united-states.htm

Poll: Public Anger Over Gasoline Prices Hurting Obama

    By SEAN HIGGINS, INVESTOR’S BUSINESS DAILY

“…”Most Americans do not give President Obama good grades for handling rising gasoline prices. Only 24% give him an A or B; 46% give him a D or F,” said Raghavan Mayur, president of TechnoMetrica Market Intelligence, which conducted the poll.

Just 8% gave him an excellent grade on the issue; 32% said his actions are unacceptable.

Americans back drilling in Alaska’s Arctic National Wildlife Refuge, 54%-38%, drilling in American territorial waters, 66%-25%, and hydraulic fracturing shale rock for crude in the Mountain West and elsewhere, 67%-22%.

Such numbers clearly have the White House worried. It conceded as much in a statement Monday: “Today’s high gas prices are a painful reminder that there’s much more work to do to free ourselves from our dependence on foreign oil and take control of our energy future.”

The administration did note that domestic oil and natural gas production are at an eight-year high. Republicans counter that this is the Bush administration’s work. Just last week the administration successfully lobbied Senate Democrats to filibuster a bill that would have opened the Keystone XL pipeline to America. That was the second time the White House has killed it. …”

http://news.investors.com/article/604030/201203121828/poll-shows-drilling-support-obama-defensive.htm

US sees lower 2011 oil use, becomes net exporter

03.01.2012                     |

                    US oil demand in all of 2011 dropped 1.8%, or by 345,000 bpd, from 2010 to a two-year low of 18.835 million bpd, government data released Wednesday show. US oil output climbed 7.4% to 5.877 million bpd, the highest level since 1999.

By DAVID BIRD

“…US oil demand in all of 2011 dropped 1.8%, or by 345,000 bpd, from 2010 to a two-year low of 18.835 million bpd, government data released Wednesday show.
Demand dropped for the fifth of the past six years, and followed a 2.2% drop a year ago, data from the Energy Information Administration show.
Demand for gasoline, the most widely used petroleum product in the world’s biggest oil-consuming nation, fell 2.9%, to a 10-year low of 8.736 million bpd.

The drop came as the nationwide average retail price of regular gasoline for all of 2011 set a record at $3.521/gal, up 26.6% from the prior year, EIA data show.
US oil output climbed 7.4% to 5.877 million bpd, the highest level since 1999.

Production rose for a third straight year, which is the longest string of annual increases since the early 1980s. …”

http://www.hydrocarbonprocessing.com/Article/2988223/US-sees-lower-2011-oil-use-becomes-net-exporter.html

US Oil Use Down 1.2% in 2011

“…U.S. oil demand fell 1.2 percent to 18.9 million barrels a day last year, trade group American Petroleum Institute said Friday.

Early data from the federal Energy Information Administration issued Jan. 10 showed a 1.6 percent, or 310,000 barrels a day, drop to 18.87 million barrels a day. The International Energy Agency, the oil-market watchdog for the major industrialized nations, such as the U.S., that make up the Organization for Economic Co-operation and Development, this week estimated a decline of 1.8 percent, or 340,000 barrels a day, in U.S. demand, to 18.84 million barrels a day.

The API said its estimate for 2011 showed that, except for 2008, the drop in demand was the most in the last decade. December 2011 U.S. petroleum deliveries, a measure of demand, were down 5.9 percent from a year earlier, to a 15-year low of 18.6 million barrels a day.

Demand for gasoline, the most widely used U.S. petroleum product, fell 4.3 percent in December from a year ago, to 8.531 million barrels a day. Annual demand was 2.1 percent lower, at 8.803 million barrels a day.

“The weakness in gasoline demand in 2011 reflected the overall weakness in consumer spending,” said John Felmy, API chief economist. Despite the decline in demand for refined products, supplies remained ample, with gasoline production for the year averaging a record high of 9.1 million barrels a day, up 0.5 percent from 2010. Distillate production, at 4.5 million barrels a day, was up 6.1 percent for the year. Refinery inputs fell by 1.5 percent in 2011 compared with 2010.

Demand for distillate fuel–diesel fuel and heating oil–rose 3.2 percent in 2011, to 3.921 million barrels a day. Within that figure, demand for ultra-low-sulfur diesel fuel rose 5.3 percent. Ultra-low-sulfur diesel fuel accounts for 90 percent of distillate demand.

Total petroleum imports dropped 5.6 percent in 2011, API said. Although up slightly in December, crude-oil imports for the year fell by 3.4 percent. Imports of refined products dropped 14 percent for the year and were down more than 33 percent for December.

Total petroleum exports–almost all of which were product exports–jumped 25.5 percent in 2011 compared with 2010. …”

http://peakoil.com/consumption/us-oil-use-down-1-2-in-2011/

Obama’s Oil Lies & His Contempt for the USA pt1

Obama’s Oil Lies & His Contempt for the USA pt2.

Obama’s Oil Lies & His Contempt for the USA pt3

Obama’s Oil Lies & His Contempt for the USA pt4

Obama’s Oil Lies & His Contempt for the USA pt5

Read Full Post | Make a Comment ( None so far )

Space Shuttle Atlantis Lands–A New Era of Competitive Free Enterprise In Space Is Launched–A Race To The Moon and Mars–Space The Final Frontier–Peter Diamandis, The X Prize And The Importance of Economic Incentives–Videos

Posted on July 21, 2011. Filed under: American History, Blogroll, Business, Communications, Economics, Education, Employment, Energy, Federal Government, government, government spending, history, Inflation, Investments, Language, Law, liberty, Life, Links, media, People, Philosophy, Politics, Rants, Raves, Regulations, Security, Strategy, Taxes, Technology, Transportation, Video, Wealth, Wisdom | Tags: , , , , , , , , , , |

Space shuttle Atlantis makes final landing

 

Private enterprise takes over space race

 

Peter Diamandis on the X PRIZE and Private Space Flight

 

Peter Diamandis: Taking the next giant leap in space

 

Bluffing Millions in Financial Backing – Peter Diamandis (X Prize)

“Inspired by Charles Lindberg’s Spirit of St. Louis, X PRIZE founder and space entrepreneur Peter Diamandis explains to interviewer George Zachary of Charles River Ventures that offering a high profile cash reward can often be more financially advantageous – and more aggressive in moving forward a societal push – than simply funding a good idea. Diamandis describes his incredible quest for funding, pitching hundreds of potential benefactors without success. Not to be deterred, he announced the first X PRIZE contest with no competing teams and not a penny of the $10 million prize money on hand. His unbelievable tale grows even longer as he describes how funding came from a bet placed with a space insurance company, and how he had to scramble for the $50 thousand premium every month.”

Peter Diamandis – The best way to predict the future

“…Peter Diamandis, Chairman and Co-Founder of Singularity University, discusses the best way to predict the future, and shares his personal philosophies on innovation and the commercial space industry. Flimed at Singularity University’s Executive Program, March 2010. …”

 

Falcon Heavy

 

Falcon 9 Super Heavy  

 

SpaceX Falcon 9 Rocket Launch

 

SpaceX Falcon 9 Rocket Launch With Dragon Capsule – Full Unedited Video

 

Interview with Ken Bowersox, SpaceX Vice President

 

SpaceX Falcon 9 Rocket #3

 

Falcon/Dragon: ISS Cargo Resupply

“…A 60-second long test firing of the Falcon 9 Flight 3 second stage, conducted June 28, 2011 at the SpaceX Test Facility in McGregor. Texas. The Merlin Vacuum second stage engine generates 92,500 lb of force in vacuum, and operates with a vacuum specific impulse of 342 seconds – the highest efficiency ever for an American hydrocarbon rocket engine. In flight the engine ignites about 3 minutes after launch, delivering the Dragon spacecraft to orbit about 6 minutes later.

 

 

Atlantis has landed, ending NASA’s shuttle era

“…The space shuttle Atlantis glided home through a clear moonlit sky on Thursday to complete a 13-day cargo run to the International Space Station and a 30-year odyssey for NASA’s shuttle program.

Commander Chris Ferguson gently steered the 100-tonne spaceship high overhead, then nose-dived toward the swamp-surrounded landing strip at the Kennedy Space Center, a few miles (kilometers) from where Atlantis will go on display as a museum piece.

Double sonic booms shattered the predawn silence around the space center, the last time residents will hear the distinctive sound of a shuttle coming home.

Ferguson eased Atlantis onto the runway at 5:57 a.m. EDT, ending a 5.2 million-mile (8.4 million-km) journey and closing a key chapter in human space flight history.

“Mission complete, Houston,” Ferguson radioed to Mission Control.

Astronaut Barry Wilmore from Mission Control answered back, “We’ll take this opportunity to congratulate you Atlantis, as well as the thousands of passionate individuals across this great space-faring nation who truly empowered this incredible spacecraft, which for three decades has inspired millions around the globe.”

Background Articles and Videos

 

Dr. Peter H. Diamandis

“…Dr. Peter H. Diamandis (born May 20, 1961, in The Bronx, New York City, New York), of Greek immigrant parents, is considered a key figure in the development of the personal spaceflight industry, having created many space-related businesses or organizations. He is the Founder and Chairman of the X PRIZE Foundation, an educational non-profit prize institute whose mission is to create radical breakthroughs for the benefit of humanity.[1]

His foundation is best known for offering the $10 million Ansari X PRIZE for private-sector manned spaceflight, a prize that was won in October 2004 by Microsoft co-founder Paul Allen and famed aviation designer Burt Rutan with SpaceShipOne, the world’s first non-government piloted spacecraft. More recently, Diamandis has created the Rocket Racing League. Born as a cross between Indy car racing and rocket-powered flight, RRL is developing a brand-new motor sport.

In addition to serving as chairman of the X PRIZE Foundation, Diamandis is also the CEO and co-founder of Zero Gravity Corporation, which offers parabolic weightless flights to the general public. He is also the co-Founder and a Director of Space Adventures, Ltd, the company that has flown eight private citizens on Soyuz to the International Space Station. …”

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

Read Full Post | Make a Comment ( None so far )

Ayn Rand And Glenn Beck Are Back Attacking Progressive Radical Socialists–Three Cheers For Capitalism–Videos

Posted on April 19, 2011. Filed under: Agriculture, American History, Banking, Blogroll, Business, College, Communications, Diasters, Economics, Education, Employment, European History, Federal Government, Fiscal Policy, government, government spending, history, Language, Law, liberty, Life, Links, media, Monetary Policy, People, Philosophy, Private Sector, Public Sector, Rants, Raves, Taxes, Video, War, Wealth, Wisdom | Tags: , , , , , , , , , , |

Rand-O-Rama: The Long Shelf Life of Ayn Rand’s Legacy

 

Ayn Rand – Liberty vs Socialism

 

Ayn Rand – In Defense of Capitalism

  

 

Glenn Beck -4/18/2011- The Rising Cost of Everything Part 1

Glenn Beck -4/18/2011- The Rising Cost of Everything Part 2

The Morality of Capitalism 1 – Ayn Rand Institute

The Morality of Capitalism 2 – Ayn Rand Institute

The Morality of Capitalism 3 – Ayn Rand Institute

 

The Morality of Capitalism 4 – Ayn Rand Institute

 

The Morality of Capitalism 5 – Ayn Rand Institute

 

The Morality of Capitalism 6 – Ayn Rand Institute

 

The Morality of Capitalism 7 – Ayn Rand Institute  

 

Related Posts On Pronk Palisades

Ayn Rand–Videos

Ayn Rand: A Sense Of Life–Videos

Who is John Galt? Who is Ayn Rand?–Videos

John Galt Speech From Ayn Rand’s Atlas Shrugged–Videos

The Fountainhead, Atlas Shrugged and The Ideas of Ayn Rand

Yaron Brook On Capitalism and Atlas Shrugged–Videos

Jennifer Burns–Goddess of the Market: Ayn Rand and the American Right–Videos

Anne C. Heller–Ayn Rand And The World She Made–Videos

John Stossel On Ayn Rand’s Atlas Shrugged

Ayn Rand’s Howard Roark–Individualist–Replies To Barack Obama–Collectivist–Videos

WordPress Is At It Again In Censoring Posts–This Time On The April 15, 2011 Opening Of Atlas Shrugged Movie and March On Washington D.C.–Videos

Read Full Post | Make a Comment ( None so far )

Obama’s Anti-American, Anti-Capitalist, Anti-Growth, Anti-Jobs, and Anti-Security Energy Policy–Videos

Posted on April 2, 2011. Filed under: American History, Biology, Blogroll, Chemistry, Communications, Diasters, Economics, Education, Employment, Energy, European History, Federal Government, Fiscal Policy, Foreign Policy, government, government spending, Health Care, history, Law, Life, Links, media, Nuclear Power, People, Philosophy, Physics, Politics, Rants, Raves, Resources, Science, Security, Technology, Transportation, Video, Wealth, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , |

 

 

“Now, legal plunder can be committed in an infinite number of ways. Thus we have an infinite number of plans for organizing it: tariffs, protection, benefits, subsidies, encouragements, progressive taxation, public schools, guaranteed jobs, guaranteed profits, minimum wages, a right to relief, a right to the tools of labor, free credit, and so on, and so on. All these plans as a whole—with their common aim of legal plunder—constitute socialism.”

“We have tried so many things; when shall we try the simplest of all: freedom.”

~Frederic Bastiat

 

Give it a listen!

Pronk Pops Show 22 (Part 2)

April 08, 2011 11:16 AM PDT

Pronk Pops Show 22, April 7, 2011

Segment 1: 3,500,000 Million Americans Unemployed in March 2011 Still Exceeds Great Depression High of 13,000,000 In March 1933–The Obama Depressions Continues–Bureau of Labor Statistics: 8.8% Official Unemployment Rate (U-3) vs. Gallup Unemployment Rate of 10.0%–Nonfarm Payroll Increased By 216,000–The Government Makes The Depression Worse!–Videos

Segment 2: Obama’s Anti-American, Anti-Capitalist, Anti-Growth, Anti-Jobs, and Anti-Security Energy Policy–Videos

Segment 3: Republican Establishment Will Propose A Ten Year $6,200 Billion Cut In Spending Over Ten Years–The Problem Is It Does Not Balance The Budget For Another Five Years At The Earliest–Tea Party Movement Demands Balanced Budgets Starting In 2012 For The Next Ten Years!–A Jet Plane To Prosperity Not A Path To Prosperity–Videos

Segment 4: Just One More Thing Congressman Ryan: When Does The Republican’s Path To Prosperity Balance The Budget?–The Twelth of Never!–Videos

For additional information and videos on the above segments:

http://pronkpops.wordpress.com/2011/04/04/pronk-pops-show-22-april-5-2011-segment-113500000-million-americans-unemployed-in-march-2011-still-exceeds-great-depression-high-of-13000000-in-march-1933%E2%80%93the-obama-depressions-contin/

Pres. Obama Unveils Energy Plan: Full Speech

 

Media “On Board” With Skyrocketing Energy Prices Under Obama


 

http://www.wtrg.com/prices.htm

 

Crude Oil, Gasoline and Natural Gas Futures Price

NYMEX Prices for April 1,
2011

NYMEX Light Sweet Crude +1.22
$107.94
ICE Brent +1.34
$118.70
RBOB Gasoline NY Harbor +0.0436
$3.1513
Heating Oil NY Harbor +0.0220
$3.1345
NYMEX Natural Gas -0.027
$4.362

http://www.wtrg.com/index.html

Barry Buys a Big New Truck! Ethanol and Food Riots !

 

Middle East Events Drives Oil Speculation

 

Ron Paul The real reason why oil prices are high

Bulltick’s Vera Forecasts $100 Oil Through End of 2011


As Market Manipulation Drives up Gas Prices


CHHS Director discusses excessive speculation in oil markets


Oil speculation and oil prices


America’s Energy Security

 

Barack Obama on Offshore Oil Drilling


Obama’s Promise the Bankrupt the Coal Industry


Air quality control technology at Dry Fork Station

 

Chris Horner On Obama Energy Policy

 

“…Crude oil, refining, distribution & marketing, and taxes are the four major cost components for estimates of the retail price of a gallon of gasoline:

  • Crude oil – the major feedstock used to produce gasoline. This portion of the gasoline price is represented by the cost of crude oil purchased by refiners.
  • Refining – processing the crude oil into gasoline. The refining portion of the gasoline price is the spread between the cost of crude oil purchased by refiners and the wholesale price of gasoline. This spread represents both the costs and profits associated with the refining process.
  • Distribution & Marketing (Retail) – the part of the supply chain where wholesale gasoline is brought to a retail station and sold to the final consumer. This portion of the gasoline price is the retail price minus the other three price components. It represents both the costs and profits associated with selling retail gasoline to the final consumer.
  • Taxes – The Federal Government levies a tax of 18.4 cents on each gallon of gasoline, and the States levy an average tax of 22 cents on each gallon. This does not account for all State and local taxes, such as sales taxes, so this component, ranging from 7.5 to 37.5 cents per gallon across States, is probably understated (and the Distribution and Marketing component correspondingly overstated). …”

http://www.eia.gov/todayinenergy/detail.cfm?id=470

Verleger Says U.S. Shale Gas Rivals Saudi Oil Reserves

ANWR Drilling

The truth about ANWR

First Deepwater Drilling Permit Since BP Oil Spill

U.S. Energy Policy Faces New Choices, Limitations

 

Dan Kish talks gas prices, keystone and energy policy

Secretary Salazar Objects to Anyone who will Listen

Inhofe Speech: Ending the Obama Administration’s Attack on Affordable Energy

Milito Says Obama Energy Lease Plans Are `Disincentives’

Shell’s Pete Slaiby talks about Alaska drilling safety

Rep Jeff Landry on FOX and Friends 031311

 

MAJOR REDUCTIONS IN CARBON EMISSIONS ARE NOT WORTH THE MONEY DEBATE: PETER Huber

Bjorn Lomborg – The Facts about the Environment

Bjorn Lomborg – The Facts about the Environment (part 2)

 

Bjorn Lomborg – The Facts about the Environment (part 3)

Forget about trying to decrease the demand for energy by wage, price and production controls and government regulations and executive orders.

Forget about trying to decrease the supply of energy by banning drilling and not approving permits to drill for oil and gas and build electrical power plants and oil refineries.

The United States government should not be in the energy or real estate business by trying to pick winners and losers with government subsidies and regulations.

The government is the problem by it pervasive interference and intervention into both the energy,  transportation, agriculture and real estate sectors of the economy.

Government produces nothing but uncertainty, inflation and massive debt.

If the Federal and state governments simply got out of the way the United States economy could double its rate of growth with a full employment.

Instead the United States economy now has more government employees than employees in the manufacturing sector.

Both Federal and state governments collect more in taxes from energy suppliers than the profits earned by energy companies.

The professional politicians of both political parties together with the government bureaucracies have become a drag on the economy and a threat to the liberties of the American people.

Get Federal and state governmenst out of business and businesses out of goverments.

First, permanently shut-down the Department of Energy, Department of Transportation,  Department of Interior and Department of Agriculture.

Second, sell off Federal lands to the highest bidders.

Third, lift all bans on oil and gas exploration on land and at sea.

Fourth, end all subsidies and mandates starting with ethanol.

Obama and Ethanol

 

PA Approves Higher Ethanol Fuel Blend for More Cars

 

Myth: Corn Ethanol is Great

 

The Ethanol Myth

 

Biofuels & Ethanol: The Real Story

Food Prices Rise to ‘Dangerous Levels’

 

Fifth, drill, drill, drill.

Dramatically increase the supply of all forms of energy fuels including coal, nuclear, natural gas,and  petroleum used for electrical power generation, transportation and heating.

 

The United States does not need an energy policy.

The United States and the American people are perfectly capable of producing all of the energy it needs from domestic sources.

This requies Federal and State governments to stop government intervention into the economy in the form of regulations, taxes, subsidies, and endless lawsuits.

What the United States needs to do is unleash free enterprise to produce the cheapest energy possible whatever the fuel source.

If wind and solar energy cannot make it in the market place without government subsidies, then stop the subsidies now.

If ethanol requires a government mandate to force Americans to use have it in their gasoline, then repeal the mandate now.

 

Obama Hates US…

DRILL! DRILL!! DRILL!!!

Take decisions about energy, transportation, agriculture and real estate out of the hands of the government and put these decision in our hands–the hands of the American people.

In Our Hands: American Free Enterprise, Anti-Communism, and the Cold War (1950)

 

With less than 5% of the world population and less than 6% of world’s land, the United States today produces over 20% of the world’s gross domestic product.  Sixty years ago the United States produced nearly 50% of the world gross domestic product!.

Put the American people back to work in a peace and prosperity economy and a constitutional republic.

Vote progressive radical socialists out of office including President Obama with his so-called energy policy with his master plan.

 

” In spite of the anticapitalistic policies of all governments and of almost all political parties, the capitalist mode of production is still fulfilling its social function in supplying the consumers with more, better and cheaper goods.”

~Ludwig von Mises, Planned Chaos, page 15


“Capitalism means free enterprise, sovereignty of the consumers in economic matters, and sovereignty of the voters in political matters. Socialism means full government control of every sphere of the individuals life and the unrestricted supremacy of the government in its capacity as central board of production management.”

~Ludwig von Mises, Bureaucracy, page 10

 

 

Background Articles and Videos

President Obama on Green Energy

Taking lawmakers to coal plants and a coal mine in 2010

How a coal power station works

Oil Crises and History

By Ed Wallace

“…Then the most overlooked story of all came out: Oil Movements, the British firm that tracks oil shipments worldwide, pointed out that OPEC nations were already shipping less oil last month. Not because of any uprisings or closures of oil fields as in Libya, but because oil shipments always fall this time of year. Refineries worldwide go down for maintenance, preparing to switch to summer fuels for the northern hemisphere and winter fuels for the southern regions.

In a nutshell, the system already has some slack because refineries don’t want as much oil right now.

Here in America, oil marketers have not picked up oil in certain Texas counties because there’s a shortage of tankers and rail cars to carry all of the crude available. That’s because refiners want oil from the Midwest and EF Sour Crude. Those carry a discount right now, which improves refiners’ profits.

Basically, oil prices are once again being over-hyped based on speculation. This time the only legitimate fear is that, if Saudi Arabia comes undone, a real oil crisis might break out. But that possibility is remote. …”

Oil Prices and History

“…

http://www.wtrg.com/prices.htm

Oil reserves

“…The total estimated amount of oil in an oil reservoir, including both producible and non-producible oil, is called oil in place. However, because of reservoir characteristics and limitations in petroleum extraction technologies, only a fraction of this oil can be brought to the surface, and it is only this producible fraction that is considered to be reserves. The ratio of producible oil reserves to total oil in place for a given field is often referred to as the recovery factor. Recovery factors vary greatly among oil fields. The recovery factor of any particular field may change over time based on operating history and in response to changes in technology and economics. The recovery factor may also rise over time if additional investment is made in enhanced oil recovery techniques such as gas injection, water-flooding,[1] or microbial enhanced oil recovery.

Because the geology of the subsurface cannot be examined directly, indirect techniques must be used to estimate the size and recoverability of the resource. While new technologies have increased the accuracy of these techniques, significant uncertainties still remain. In general, most early estimates of the reserves of an oil field are conservative and tend to grow with time. This phenomenon is called reserves growth.[2]

Many oil-producing nations do not reveal their reservoir engineering field data and instead provide unaudited claims for their oil reserves. The numbers disclosed by some national governments are suspected of being manipulated for political reasons.[3] …”

Summary of Reserve Data as of 2010
Country Reserves [16] Production [17] Reserve life 1
109 bbl 109 m3 106 bbl/d 103 m3/d years
Venezuela 297 47.2 2.7 430 301
Saudi Arabia 267 42.4 9.7 1,540 127.5
Canada 179 28.5 2.1 330 188
Iraq 143 22.7 3.5 560 112
Iran 138 21.9 4.0 640 95
Kuwait 104 16.5 2.6 410 110
United Arab Emirates 98 15.6 2.9 460 93
Russia 60 9.5 9.9 1,570 17
Kazakhstan 47 7.5 1.4 220 93
Libya 41 6.5 1.7 270 66
Nigeria 36 5.7 2.4 380 41
United States 21 3.3 7.5 1,190 8
China 16 2.5 3.9 620 11
Qatar 15 2.4 0.9 140 46
Algeria 12 1.9 2.2 350 15
Brazil 12 1.9 2.3 370 14
Mexico 12 1.9 3.5 560 9
Total of top seventeen reserves 1,243 197.6 63.5 10,100 54

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

List of countries by population

Rank↓ Country / Territory↓ Population↓ Date of estimate↓ % of World population↓ Source
- World 6,909,700,000 April 3, 2011 100.00% US Census Bureau’s World Population Clock
1 People’s Republic of Chinan2 1,341,000,000 December 31, 2010 19.41% Official Chinese Population Estimate
2 India 1,210,193,422 March 1, 2011 17.51% Provisional 2011 Indian Census result
3 United States 311,092,000 April 3, 2011 4.5% Official United States Population Clock
4 Indonesia 237,556,363 May 2010 3.44% 2010 Indonesian Census
5 Brazil 190,732,694 August 1, 2010 2.76% 2010 Official Brazilian Census results
6 Pakistan 175,636,000 April 3, 2011 2.54% Official Pakistani Population clock
7 Nigeria 158,259,000 2010 2.29% 2008 UN estimate for year 2010
8 Bangladesh 150,314,000 April 3, 2011 2.18% Official Bangladeshi Population Clock
9 Russia 142,905,200 January 1, 2011 2.07% 2010 Russian Census
10 Japan 127,960,000 March 1, 2011 1.84% Official Japan Statistics Bureau
11 Mexico 112,336,538 June 12, 2010 1.63% 2010 final census result
12 Philippines 94,013,200 Mid-2010 1.36% National Statistics Office medium projection
13 Vietnam 86,930,000 April 1, 2010 1.26% Official estimate
14 Germany 81,802,000 December 31, 2009 1.18% Official estimate
15 Egypt 80,025,000 April 3, 2011 1.16% Official Egyptian Population clock
16 Ethiopia 79,455,634 July 2010 1.15% Official estimate
17 Iran 75,078,000 2010 1.09% 2008 UN estimate for year 2010
18 Turkey 73,722,988 December 31, 2010 1.07% Turkish Statistical Institute
19 Dem. Rep. of Congo 67,827,000 2010 0.98% 2008 UN estimate for year 2010
20 Thailand 67,070,000 December 1, 2009 0.97% Official estimate
21 Francen3 65,821,885 January 1, 2011 0.95% Official INSEE estimate
The population figure for metropolitan France alone (without its
overseas departments and oveseas collectivities) is 63,182,000.[4]
22 United Kingdom 62,041,708 January 1, 2010 0.9% Eurostat estimate
23 Italy 60,605,053 November, 2010 0.88% Official ISTAT estimate
24 Myanmar (Burma) 50,496,000 2010 0.73% 2008 UN estimate for year 2010
25 South Africa 49,991,300 July 1, 2010 0.72% Statistics South Africa
26 South Korea 48,988,833 2011 0.71% Statistics Korea
27 Spain 46,152,925 January 1, 2011 0.67% Official INE estimate
28 Colombia 45,919,000 April 3, 2011 0.66% Official Colombian Population clock
29 Ukraine 45,778,500 January 1, 2011 0.66% Official UKRSTAT estimate
30 Sudan 43,192,000 2010 0.63% 2008 UN estimate for year 2010
31 Tanzania 43,187,823 2010 0.63% Official estimate
32 Argentina 40,091,359 October 27, 2010 0.58% Provisional census results
33 Kenya 38,610,097 August 24-25, 2009 0.56% Official census results
34 Poland 38,092,000 mid-2010 0.55% Official estimate
35 Algeria 36,300,000 January 1, 2011 0.53% Official estimate
36 Canada 34,406,000 April 3, 2011 0.5% Official Canadian Population clock
37 Morocco 32,107,000 April 3, 2011 0.46% Official Moroccan Population clock
38 Uganda 31,800,000 2010 0.46% Official estimate
39 Iraq 31,467,000 2010 0.46% 2008 UN estimate for year 2010
40 Peru 29,461,933 June 30, 2010 0.43% Official INEI estimate (in Spanish)
41 Venezuela 29,167,000 April 3, 2011 0.42% Official Venezuelan Population clock
42 Afghanistan 29,117,000 2010 0.42% 2008 UN estimate for year 2010
43 Nepal 28,584,975 2011 0.41% Official estimate
44 Uzbekistan 27,794,000 2010 0.4% 2008 UN estimate for year 2010
45 Malaysia 27,565,821 2010 0.4% The 2010 Population and Housing Census (Census 2010)
46 Saudi Arabia 27,136,977 2010 0.39% Official Saudi estimate
47 Ghana 24,233,431 September 26, 2010 0.35% Provisional 2010 census results
48 North Korea 23,991,000 2010 0.35% 2008 UN estimate for year 2010
49 Republic of China (Taiwan)n4 23,164,457 February 28, 2011 0.34% Official National Statistics Taiwan estimate
50 Australian5 22,608,000 April 3, 2011 0.32% Australian Official Population Clock
51 Yemen 22,492,035 2009 0.33% Official estimate
52 Mozambique 22,416,881 2010 0.32% Official estimate
53 Côte d’Ivoire 21,571,000 2010 0.31% 2008 UN estimate for year 2010
54 Romania 21,466,174 January 1, 2010 0.31% Eurostat estimate
55 Syria 20,995,000 April 3, 2011 0.3% Syrian Official Population Clock
56 Sri Lanka 20,410,000 2010 0.3% 2008 UN estimate for year 2010
57 Madagascar 20,146,000 2010 0.29% 2008 UN estimate for year 2010
58 Cameroon 19,406,100 January 1, 2010 0.28% Official estimate
59 Angola 18,993,000 2010 0.27% 2008 UN estimate for year 2010
60 Chile 17,211,200 April 3, 2011 0.25% Official INE projection (page 36)
61 Netherlands 16,659,100 April 3, 2011 0.241% Official Netherlands population clock
62 Kazakhstan 16,433,000 January 1, 2011 0.24% National Statistics Agency estimate
63 Burkina Faso 15,730,977 July 1, 2010 0.23% Official estimate
64 Malawi 15,692,000 2010 0.23% 2008 UN estimate for year 2010
65 Niger 15,203,822 2010 0.22% Official estimate
66 Mali 14,517,176 April 1, 2009 0.21% Preliminary 2009 census result
67 Guatemala 14,361,666 2010 0.21% Official estimate
68 Ecuador 14,306,876 November 28, 2010 0.21% Preliminary 2010 Ecuadorian census result
69 Cambodia 13,395,682 March 3, 2008 0.19% Cambodian 2008 Census
70 Zambia 13,046,508 October 16, 2010 0.19% 2010 Zambia Census result
71 Senegal 12,861,000 2010 0.19% 2008 UN estimate for year 2010
72 Zimbabwe 12,644,000 2010 0.18% 2008 UN estimate for year 2010
73 Chad 11,506,000 2010 0.17% 2008 UN estimate for year 2010
74 Greece 11,306,183 January 1, 2010 0.16% Eurostat estimate
75 Cuba 11,240,841 December 31, 2010 0.16% Official estimate
76 Belgium 10,827,519 January 1, 2010 0.16% Eurostat estimate
77 Portugal 10,636,888 January 1, 2010 0.15% Eurostat estimate
78 Tunisia 10,549,100 July 1, 2010 0.15% National Statistics Institute of Tunisia
79 Czech Republic 10,515,818 June 30, 2010 0.15% Official estimate
80 Bolivia 10,426,154 2010 0.15% Official estimate
81 Rwanda 10,412,820 2010 0.15% Official estimate
82 Guinea 10,324,000 2010 0.15% 2008 UN estimate for year 2010
83 Haiti 10,085,214 2010 0.15% Official estimate
84 Hungary 10,014,324 January 1, 2010 0.14% Official estimate
85 Belarus 9,481,100 January 1, 2011 0.14% National Statistical Committee
86 Sweden 9,418,732 January 31, 2011 0.14% Statistics Sweden
87 Dominican Republic 9,378,818 December 1, 2010 0.14% Preliminary census result
88 Somalian7 9,359,000 2010 0.14% 2008 UN estimate for year 2010
89 Azerbaijan 8,997,400 January 1, 2010 0.13% State Statistical Committee of Azerbaijan
90 Benin 8,778,646 2010 0.13% Official estimate
91 Burundi 8,519,000 2010 0.12% 2008 UN estimate for year 2010
92 Austria 8,396,760 2010 0.12% Official estimate
93 United Arab Emirates 8,264,070 2010 0.12% Official estimate
94 Honduras 8,215,313 2011 0.12% Official estimate
95 Switzerland 7,782,900 December 31, 2009 0.11% Official Switzerland Statistics estimate
96 Israeln8 7,708,400 January 31, 2011 0.11% Israeli Central Bureau of Statistics
97 Bulgaria 7,528,103 2010 0.11% Official estimate
98 Serbian6 7,306,677 January 1, 2010 0.11% Official estimate
99 Tajikistan 7,075,000 2010 0.102% 2008 UN estimate for year 2010
100 Hong Kong 7,061,200 July 31, 2010 0.102% Hong Kong Census and Statistics Department
101 Papua New Guinea 6,888,000 2010 0.1% 2008 UN estimate for year 2010
102 Togo 6,780,000 2010 0.098% 2008 UN estimate for year 2010
103 Libya 6,546,000 2010 0.095% 2008 UN estimate for year 2010
104 Jordan 6,472,000 2010 0.094% 2008 UN estimate for year 2010
105 Paraguay 6,460,000 2010 0.093% 2008 UN estimate for year 2010
106 Laos 6,230,200 2010 0.09% Official estimate
107 El Salvador 6,194,000 2010 0.09% 2008 UN estimate for year 2010
108 Sierra Leone 5,836,000 2010 0.084% 2008 UN estimate for year 2010
109 Nicaragua 5,822,000 2010 0.084% 2008 UN estimate for year 2010
110 Denmark 5,560,628 January 1, 2011 0.08% Statistics Denmark
111 Slovakia 5,435,273 December 31, 2010 0.079% Statistics Slovakia
112 Kyrgyzstan 5,418,300 2010 0.078% Official estimate
113 Finlandn9 5,379,800 April 3, 2011 0.078% Official Finnish Population clock
114 Eritrea 5,224,000 2010 0.076% 2008 UN estimate for year 2010
115 Turkmenistan 5,177,000 2010 0.075% 2008 UN estimate for year 2010
116 Singapore 5,076,700 June 30, 2010 0.073% Statistics Singapore
117 Norwayn10 4,932,700 April 3, 2011 0.007% Official Norwegian Population clock
118 Costa Rica 4,563,538 2010 0.066% Official estimate
119 Central African Republic 4,506,000 2010 0.065% 2008 UN estimate for year 2010
120 Ireland 4,470,700 April 2010 0.065% Irish Central Statistics Office estimate 2010
121 Georgian11 4,436,000 January 1, 2010 0.064% National Statistics Office of Georgia
122 Croatia 4,425,747 January 1, 2010 0.064% Eurostat estimate
123 New Zealand 4,406,000 April 3, 2011 0.064% Official New Zealand Population clock
124 Lebanon 4,255,000 2010 0.062% 2008 UN estimate for year 2010
125 Liberia 4,102,000 2010 0.059% 2008 UN estimate for year 2010
126 Palestinian territories 3,935,249 2009 0.057% Palestinian Central Bureau of Statistics
127 Bosnia and Herzegovina 3,843,126 June 30, 2010 0.056% Official estimate
128 Republic of the Congo 3,759,000 2010 0.054% 2008 UN estimate for year 2010
129 Puerto Rico 3,725,789 April 1, 2010 0.054% 2010 census
130 Moldovan12 3,563,800 January 1, 2010 0.052% National Bureau of Statistics of Moldova
131 Panama 3,405,813 May 16, 2010 0.049% Final 2010 census results
132 Mauritania 3,366,000 2010 0.049% 2008 UN estimate for year 2010
133 Uruguay 3,356,584 June 30, 2010 0.049% Official estimate
134 Armenia 3,254,300 September 2010 0.047% Monthly official estimate
135 Lithuania 3,249,400 December 2010 0.047% Monthly official estimate
136 Albania 3,195,000 January 1, 2010 0.046% Institute of Statistics INSTAT Albania
137 Kuwait 3,051,000 2010 0.044% 2008 UN estimate for year 2010
138 Mongolia 2,798,000 April 3, 2011 0.04% Official Mongolian population clock
139 Jamaica 2,730,000 2010 0.04% 2008 UN estimate for year 2010
140 Oman 2,694,094 December 12, 2010 0.039% Preliminary census results
141 Latvia 2,229,500 January 1, 2011 0.032% Official Statistics of Latvia
142 Namibia 2,212,000 2010 0.032% 2008 UN estimate for year 2010
143 Lesotho 2,084,000 2010 0.03% 2008 UN estimate for year 2010
144 Republic of Macedonia 2,052,722 January 1, 2010 0.03% Eurostat estimate
145 Slovenia 2,046,930 April 3, 2011 0.03% Official Slovenian population clock
146 Botswana 1,800,098 2010 0.026% Official estimate
147 Gambia 1,751,000 2010 0.025% 2008 UN estimate for year 2010
148 Qatar 1,696,563 April 20, 2010 0.025% Preliminary 2010 Census Results
149 Guinea-Bissau 1,647,000 2010 0.024% 2008 UN estimate for year 2010
150 Gabon 1,501,000 2010 0.022% 2008 UN estimate for year 2010
151 Estonia 1,340,122 January 1, 2011 0.019% Official estimate
152 Trinidad and Tobago 1,317,714 July 1, 2010 0.019% Official estimate
153 Mauritius 1,280,925 July 1, 2010 0.019% Official estimate
154 Swaziland 1,202,000 2010 0.017% 2008 UN estimate for year 2010
155 East Timor 1,171,000 2010 0.017% 2008 UN estimate for year 2010
156 Djibouti 879,000 2010 0.013% 2008 UN estimate for year 2010
157 Fiji 854,000 2010 0.012% 2008 UN estimate for year 2010
158 Bahrain 807,000 2010 0.012% 2008 UN estimate for year 2010
159 Cyprusn14 801,851 January 1, 2010 0.012% Eurostat estimate
160 Guyana 784,894 2010 0.011% Official estimate
161 Bhutan 695,822 2010 0.01% Official estimate
162 Equatorial Guinea [5] 693,000 2010 0.01% 2008 UN estimate for year 2010
163 Comorosn15 691,000 2010 0.01% 2008 UN estimate for year 2010
164 Montenegro 641,966 2010 0.009% Official estimate
165 Macau 542,200 December 31, 2009 0.008% Macau Statistics and Census Service
166 Solomon Islands 530,669 2010 0.008% Official estimate
167 Western Sahara 530,000 2010 0.008% 2008 UN estimate for year 2010
168 Suriname 524,000 2010 0.008% 2008 UN estimate for year 2010
169 Luxembourg 502,100 2010 0.007% Official estimate
170 Cape Verde 491,575 June 16, 2010 0.007% Official estimate
171 Malta 416,333 January 1, 2010 0.006% Eurostat estimate
172 Brunei 407,000 2010 0.006% 2008 UN estimate for year 2010
173 Bahamas 353,658 May 3, 2010 0.005% Official estimate
174 Belize 333,200 Mid-2009 0.005% Statistical Institute of Belize
175 Iceland 318,452 January 1, 2011 0.005% Statistics Iceland
176 Maldives 317,280 2010 0.005% Official estimate
177 Barbados 257,000 2010 0.004% 2008 UN estimate for year 2010
178 Vanuatu 246,000 2010 0.004% 2008 UN estimate for year 2010
179 Samoa 187,032 2010 0.003% Official estimate
180 Guam 180,000 2010 0.003% 2008 UN estimate for year 2010
181 Saint Lucia 166,526 May 10, 2010 0.002% Preliminary census result
182 São Tomé and Príncipe 165,000 2010 0.002% 2008 UN estimate for year 2010
183 Curaçao 142,180 January 1, 2010 0.002% Official estimate
184 Saint Vincent and the Grenadines 109,000 2010 0.002% 2008 UN estimate for year 2010
185 U.S. Virgin Islands 109,000 2010 0.002% 2008 UN estimate for year 2010
186 Aruba 107,000 2010 0.002% 2008 UN estimate for year 2010
187 Grenada 104,000 2010 0.002% 2008 UN estimate for year 2010
188 Tonga 104,000 2010 0.002% 2008 UN estimate for year 2010
189 Federated States of Micronesia 102,624 April 4, 2010 0.001% Preliminary census results
190 Kiribati 100,000 2010 0.001% 2008 UN estimate for year 2010
191 Jersey 92,500 December 31, 2009 0.001% Official estimate
192 Antigua and Barbuda 89,000 2010 0.001% 2008 UN estimate for year 2010
193 Northern Mariana Islands 88,000 2010 0.001% 2008 UN estimate for year 2010
194 Seychelles 86,525 July 1, 2010 0.001% Official estimate
195 Andorra 84,082 December 31, 2009 0.001% Official estimate
196 Isle of Man 80,000 2010 0.001% 2008 UN estimate for year 2010
197 American Samoa 69,000 2010 0.001% 2008 UN estimate for year 2010
198 Dominica 67,000 2010 0.001% 2008 UN estimate for year 2010
199 Bermuda 64,566 July 1, 2010 0.001% Official estimate
200 Guernsey 62,274 March 31, 2009 0.001% Official estimate
201 Greenland 56,452 2010 0.001% Official estimate
202 Cayman Islands 54,878 October 10, 2010 0.001% Preliminary census result
203 Marshall Islands 54,305 2010 0.001% Official estimate
204 Saint Kitts and Nevis 52,000 2010 0.001% 2008 UN estimate for year 2010
205 Faroe Islands 48,585 January 1, 2011 0.001% Official statistics of the Faroe Islands
206 Turks and Caicos Islands 40,357 2010 0.0006% Official estimate
207 Sint Maarten 37,429 January 1, 2010 0.0005% Official estimate
208 Liechtenstein 36,157 December 31, 2010 0.0005% Official estimate
209 Monaco 33,000 2010 0.0005% 2008 UN estimate for year 2010
210 San Marino 31,887 December 31, 2010 0.0005% Monthly official estimate
211 Gibraltar 31,000 2010 0.0004% 2008 UN estimate for year 2010
212 British Virgin Islands 28,213 2008 0.0004% Official estimate
213 Cook Islands 23,400 September 2010 0.0003% Official monthly estimate
214 Palau 21,000 0.0003% 2008 UN estimate for year 2010
215 Anguilla 15,236 2011 0.0002% Official estimate
216 Nauru 10,000 0.0001% 2008 UN estimate for year 2010
217 Tuvalu 10,000 0.0001% 2008 UN estimate for year 2010
218 Montserrat 6,000 0.0001% 2008 UN estimate for year 2010
219 Saint Helena, Ascension and Tristan da Cunha 4,000 0.0001% 2008 UN estimate for year 2010
220 Falkland Islands 3,000 0.00005% 2008 UN estimate for year 2010
221 Niue 1,500 0.00003% UN estimate
222 Tokelau 1,200 0.00003% UN estimate
223 Vatican City 800 0.00002% UN estimate
224 Pitcairn Islands 50 0.000001% UN estimate

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

List of countries by GDP (nominal)

“… This article includes a list of countries of the world sorted by their gross domestic product (GDP), the market value of all final goods and services from a nation in a given year. The GDP dollar estimates presented here are calculated at market or government official exchange rates.

Several economies which are not considered to be countries (world, the EU, Eurozone, and some dependent territories) are included in the list because they appear in the sources. These economies are not ranked in the charts here, but are listed.

The first list includes 2010 data estimates[nb 1] for members of the International Monetary Fund. …”

http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)

Rank↓ Country↓ GDP (millions of USD)↓
World 61,963,429[4]
European Union 16,106,896[4]
1 United States 14,624,184
2 People’s Republic of China 5,745,133
3 Japan 5,390,897
4 Germany 3,305,898
5 France 2,555,439
6 United Kingdom 2,258,565
7 Italy 2,036,687
8 Brazil 2,023,528
9 Canada 1,563,664
10 Russia 1,476,912
11 India 1,430,020
12 Spain 1,374,779
13 Australia 1,219,722
14 Mexico 1,004,042
15 South Korea 986,256
16 Netherlands 770,312
17 Turkey 729,051
18 Indonesia 695,059
19 Switzerland 522,435
20 Belgium 461,331
21 Sweden 444,585
22 Poland 438,884
23 Saudi Arabia 434,440
24 Republic of China (Taiwan) 426,984
25 Norway 413,511
26 Austria 366,259
27 South Africa 354,414
28 Argentina 351,015
29 Iran 337,901
30 Thailand 312,605
31 Greece 305,005
32 Denmark 304,555
33 Venezuela 285,214
34 Colombia 283,109
35 United Arab Emirates 239,650
36 Finland 231,982
Hong Kong 226,485
37 Portugal 223,700
38 Malaysia 218,950
39 Singapore 217,377
40 Egypt 216,830
41 Nigeria 206,664
42 Ireland 204,144
43 Israel 201,254
44 Chile 199,183
45 Czech Republic 195,232
46 Philippines 189,061
47 Pakistan 164,792
48 Algeria 158,969
49 Romania 158,393
50 Peru 153,549
51 New Zealand 138,003
52 Ukraine 136,561
53 Hungary 132,276
54 Kazakhstan 129,757
55 Qatar 126,518
56 Kuwait 117,316
57 Bangladesh 105,402
58 Vietnam 101,987
59 Morocco 91,702
60 Slovakia 86,262
61 Angola 85,808
62 Iraq 84,136
63 Libya 77,912
64 Sudan 65,930
65 Ecuador 61,489
66 Croatia 59,917
67 Syria 59,633
68 Oman 53,782
69 Belarus 52,887
70 Luxembourg 52,433
71 Azerbaijan 52,166
72 Dominican Republic 50,874
73 Sri Lanka 48,241
74 Slovenia 46,442
75 Bulgaria 44,843
76 Tunisia 43,863
77 Guatemala 40,773
78 Uruguay 40,714
79 Lebanon 39,149
80 Serbia 38,921
81 Uzbekistan 37,724
82 Lithuania 35,734
83 Burma 35,646
84 Costa Rica 35,019
85 Kenya 32,417
86 Ethiopia 30,941
87 Yemen 30,023
88 Panama 27,199
89 Jordan 27,129
90 Latvia 23,385
91 Cyprus 22,752
92 Tanzania 22,434
93 Côte d’Ivoire 22,384
94 Cameroon 21,882
95 El Salvador 21,796
96 Bahrain 21,733
97 Trinidad and Tobago 21,195
98 Estonia 19,220
99 Bolivia 19,182
100 Ghana 18,058
101 Paraguay 17,168
102 Uganda 17,121
103 Afghanistan 16,631
104 Bosnia and Herzegovina 16,202
105 Zambia 15,691
106 Honduras 15,340
107 Nepal 15,108
108 Equatorial Guinea 14,547
109 Jamaica 13,737
110 Iceland 12,767
111 Senegal 12,657
112 Democratic Republic of the Congo 12,600
113 Gabon 12,563
114 Botswana 12,501
115 Brunei 11,963
116 Republic of the Congo 11,884
117 Albania 11,578
118 Namibia 11,451
119 Cambodia 11,360
120 Georgia 11,234
121 Mozambique 10,212
122 Macedonia 9,580
123 Mauritius 9,427
124 Mali 9,077
125 Armenia 8,830
126 Papua New Guinea 8,809
127 Burkina Faso 8,672
128 Madagascar 8,330
129 Malta 7,801
130 Chad 7,592
131 The Bahamas 7,538
132 Haiti 6,495
133 Benin 6,494
134 Nicaragua 6,375
135 Laos 6,341
136 Mongolia 5,807
137 Kosovo 5,728
138 Rwanda 5,693
139 Niger 5,603
140 Tajikistan 5,578
141 Zimbabwe 5,574
142 Moldova 5,357
143 Malawi 5,035
144 Kyrgyzstan 4,444
145 Guinea 4,344
146 Barbados 3,963
147 Montenegro 3,884
148 Mauritania 3,486
149 Suriname 3,297
150 Swaziland 3,165
151 Fiji 3,154
152 Togo 3,074
153 Eritrea 2,254
154 Guyana 2,197
155 Central African Republic 2,113
156 Sierra Leone 1,901
157 Lesotho 1,799
158 Cape Verde 1,573
159 Burundi 1,469
160 Maldives 1,433
161 Belize 1,431
162 Bhutan 1,397
163 Djibouti 1,139
164 Antigua and Barbuda 1,099
165 The Gambia 1,040
166 Saint Lucia 1,000
167 Liberia 977
168 Seychelles 919
169 Guinea-Bissau 825
170 Vanuatu 721
171 Solomon Islands 674
172 Grenada 645
173 East Timor 616
174 Saint Vincent and the Grenadines 583
175 Saint Kitts and Nevis 562
176 Comoros 557
177 Samoa 550
178 Dominica 375
179 Tonga 301
180 São Tomé and Príncipe 187
181 Kiribati 152

Related Posts On Pronk Palisades

President Obama–Killer of The American Dream and Market Capitalism–Stop The Radical Socialists Before They Kill You!

ANWR: Pristine–Pristine–Pristine–Desolute–Desolute–Desolute–Drill–Drill–Drill– McCain/Romney: Drill Here. Drill Now. Pay Less!

Facing Fundamental Facts

Going Deep–Cool–Deep Ocean Water (DOW)–Ocean Power!

 

Read Full Post | Make a Comment ( 1 so far )

Burton Folsom Jr.–New Deal or Raw Deal–Videos

Posted on January 8, 2011. Filed under: Agriculture, Banking, Blogroll, Books, Communications, Culture, Economics, Education, Employment, Energy, Farming, Federal Government, Fiscal Policy, Foreign Policy, government, government spending, history, Language, Law, liberty, Life, Links, media, Monetary Policy, Money, People, Philosophy, Politics, Rants, Raves, Regulations, Taxes, Technology, Video, War, Wealth, Wisdom | Tags: , , , , , , , , , , , |

Book TV: Burton Folsom “New Deal or Raw Deal?”

Great Depression vs. Today – New Deal or Raw Deal? – Rooseveltism vs. Obamaism

Glenn Beck : The road to Socialism

Burton W. Folsom, Jr.

Dr. Burton Folsom – “How FDR’s Economic Legacy has Damaged America” (Part 1/5)

Dr. Burton Folsom – “How FDR’s Economic Legacy has Damaged America” (Part 2/5)

Dr. Burton Folsom – “How FDR’s Economic Legacy has Damaged America” (Part 3/5)

 

Dr. Burton Folsom – “How FDR’s Economic Legacy has Damaged America” (Part 4/5)

 

Dr. Burton Folsom – “How FDR’s Economic Legacy has Damaged America” (Part 5/5)

Background Articles and Videos

Glenn Beck-07/09/10-B

 

Glenn Beck-07/09/10-C

 

Glenn Beck-07/09/10-D

 

 

 

Related Posts On Pronk Palisades

Fouad Ajami–The Foreigner’s Gift–Videos

Robert Baer–The Devil We Know–Videos

Claire Berlinski–Why Margaret Thatcher Matters: “There Is No Altervative”–Videos

Michael Barone–Our First Revolution–Videos

Allan Bloom–The Closing of The American Mind–Videos

Philip Bobbitt–Terror and Consent–Videos

Ian Bremmer–The End of the Free Market–Videos

Patrick J. Buchanan–Churchill, Hitler, and The Unnecessary War–Videos

Ron Chernow–Alexander Hamilton–Videos

Dinesh D’Souza–The Enemy At Home–Videos

Dinesh D’Souza–The Roots of Obama’s Rage–Videos

Thomas J. DiLorenzon–Hamilton’s Curse: How Jefferson’s Arch Enemy Betrayed the American Revolution – And What It Means for Americans Today–Videos

Cory Doctorow–Makers–Videos

Joseph J. Ellis–His Excellency: George Washington–Videos

Steve Emerson–American Jihad: The Terrorist Living Among Us–Videos

Bruce Feiler–Walking the Bible–Videos

Niall Ferguson–”The Ascent of Money–Videos

Milton Friedman–Capitalism and Freedom–Videos

Milton Friedman–Free To Choose–On Donahue –Videos

Brigitte Gabriel–Because They Hate: A Survivor of Islamic Terror Warns America–Videos

Brigitte Gabriel–They Must Be Stopped: Why We Must Defeat Radical Islam and How We Can Do It –Videos

Jonah Goldberg–Liberal Fascism–Videos

David Goodwillie–American Subversive–A Novel

Victor Davis Hansen–A War Like No Other–Videos

Robert Higgs–Crisis and Leviathan–Videos

David Horowitz and Richard Poe–The Shadow Party–Videos

Peter Huber–The Bottomless Well–Videos

Donald Kagan–On The Origins Of War–Videos

Michael Korda–Hero: The Life and Legend of Lawrence of Arabia

Stanley Kurtz–Radical-Chief: Barack Obama and The Untold Story of American Socialism–Videos

George Lakoff–Videos

Mark Levin–Liberty and Tyranny: A Conservative Manifesto–Videos

Hunter Lewis–Where Keynes Went Wrong–Videos

Michael Lewis–The Big Short: Inside the Doomsday Machine–Videos

Barack Obama Cartoon Concisely Communicates What’s Wrong With Progressive Radical Socialism–Why Do We Need Jobs For?–A Hayek and Mises Moment!

Andrew C. McCarthy–Willful Blindness–Videos

Eric Metaxas–Dietrich Bonhoeffer–Videos

Kenneth Minogue–Alien Powers: The Pure Theory of Ideology–Videos

Ron Paul–End The Fed–Videos

Melanie Phillips–Londonistan–Videos

Melanie Phillips–The World Turned Upside Down: The Global Battle over God, Truth, and Power–Video

James Piereson–Camelot and The Cultural Revolution–Videos

Jim Powell–FDR’s Folly–Videos

Paul Rahe–Soft Despotism, Democracy’s Drift: Montesquieu, Rousseau, Tocqueville, and the Modern Prospect–Videos

Ayn Rand–Videos

Murray Rothbard–Economic Thought Before Adam Smith–Videos

Murray Rothbard–What Has Government Done to Our Money?–Videos

The Fountainhead, Atlas Shrugged and The Ideas of Ayn Rand

Yaron Brook On Capitalism and Atlas Shrugged–Videos

Leonard J Santow–Do They Walk On Water: Federal Reserve Chairman and The Fed–Videos

Roy Spencer–The Great Global Warming Blunder: How Mother Nature Fooled the World’s Top Climate Scientists –Videos

Mark Steyn–America Alone: The End of The World As We Know It–Videos

John Stossel On Ayn Rand’s Atlas Shrugged

Daniel Suarez–Daemon and Freedom TM–Videos

Peter Robinson–Conversations With Authors–Videos

Murry Rothbard–For A New Liberty: The Libertarian Manifesto–Audio Book

Murray Rothbard– What Has Government Done to Our Money?–Videos

Michael Scheuer–Through Our Enemies’ Eyes–Videos

Amity Shlaes–The Forgotten Man–Videos

Thomas Sowell and Conflict of Visions–Videos

Thomas Sowell–Black Rednecks and White Liberals–The Missing Nobel Laureates–Videos

Thomas Sowell–Intellectuals and Society–Videos

Thomas Sowell On The Housing Boom and Bust–Videos

Gillian Tett–Fool’s Gold–Videos

Marc Thiessen’s Courting Disaster–A Clear and Present Danger To The American People–President Barack Obama!

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

David Wessel–In Fed We Trust: Ben Bernanke’s War On The Great Panic–Videos

Thomas E. Woods Jr.–Meltdown–Videos

Thomas E. Woods Jr.–We Who Dared to Say No to War–Videos

Read Full Post | Make a Comment ( None so far )

Yaron Brook: When Is It Too Late?–Videos

Posted on September 9, 2010. Filed under: Blogroll, Communications, Crime, Culture, Demographics, Economics, Education, Federal Government, government, government spending, history, Language, Law, liberty, Life, Links, media, People, Philosophy, Politics, Quotations, Raves, Regulations, Security, Taxes, Video, War, Wisdom | Tags: , , , , , , , , |

Too Late to Apologize: A Declaration

Background Articles and Videos

 

“Apologize” One Republic Music Video

Read Full Post | Make a Comment ( None so far )

These Boots Are Meant To Walk All Over You–Obama and Progressive Radical Socialist Salazar and Gibbs On Federal Government Boot On The Neck/Throat of British Petroleum/BP and American People!

Posted on May 4, 2010. Filed under: Blogroll, Communications, Demographics, Economics, Employment, Energy, Federal Government, Fiscal Policy, government, government spending, Immigration, Investments, Language, Law, liberty, Life, Links, Music, People, Philosophy, Politics, Rants, Raves, Regulations, Resources, Technology, Video, Wisdom | Tags: , , , , , , , , , , , , , |

“Government “help” to business is just as disastrous as government persecution… the only way a government can be of service to national prosperity is by keeping its hands off.”

~Ayn Rand

Jessica Simpson – These Boots

State of the Union: Salazar: ‘Keep boot on neck of BP’

http://www.youtube.com/watch?v=JorKgvmfF_4

Gibbs: Boot on Throat of BP

White House Spins Oil Spill Response

BP Readies Containment Domes to Stop Gulf Oil Spill: Video

Financial Effects of Gulf Oil Spill

Oil spill in Gulf of Mexico reaches US Gulf coast

Mark Levin Radio Show – obama is in way over his head we need all hands on deck

Mark Levin Show – PART 1- caller “James” survived the Deepwater Horizon explosion’

Mark Levin Show – PART 2- caller “James” survived the Deepwater Horizon explosion

Nancy Sinatra – These Boots Are Made For Walking (1966)

“We are fast approaching the stage of the ultimate inversion: the stage where the government is free to do anything it pleases, while the citizens may act only by permission; which is the stage of the darkest periods of human history, the stage of rule by brute force.”

~Ayn Rand

Background Articles and Videos

Despite plan, not a single fire boom on hand on Gulf Coast at time of oil spill

By Ben Raines

“…If U.S. officials had followed up on a 1994 response plan for a major Gulf oil spill, it is possible that the spill could have been kept under control and far from land.

The problem: The federal government did not have a single fire boom on hand.


But in order to conduct a successful test burn eight days after the Deepwater Horizon well began releasing massive amounts of oil into the Gulf, officials had to purchase one from a company in Illinois.

When federal officials called, Elastec/American Marine, shipped the only boom it had in stock, Jeff Bohleber, chief financial officer for Elastec, said today.

At federal officials’ behest, the company began calling customers in other countries and asking if the U.S. government could borrow their fire booms for a few days, he said.

A single fire boom being towed by two boats can burn up to 1,800 barrels of oil an hour, Bohleber said. That translates to 75,000 gallons an hour, raising the possibility that the spill could have been contained at the accident scene 100 miles from shore. …”

“..In the days after the rig sank, U.S Coast Guard Rear Admiral Mary Landry said the government had all the assets it needed. She did not discuss why officials waited more than a week to conduct a test burn. (Watch video footage of the test burn.)

At the time, former National Oceanic and Atmospheric Administration oil spill response coordinator Ron Gouguet — who helped craft the 1994 plan — told the Press-Register that officials had pre-approval for burning. “The whole reason the plan was created was so we could pull the trigger right away.”

Gouguet speculated that burning could have captured 95 percent of the oil as it spilled from the well.

Bohleber said that his company was bringing several fire booms from South America, and he believed the National Response Center discovered that it had one in storage.

Each boom costs a few hundred thousand dollars, Bohleber said, declining to give a specific price.

Made of flame-retardant fabric, each boom has two pumps that push water through its 500-foot length. Two boats tow the U-shaped boom through an oil slick, gathering up about 75,000 gallons of oil at a time. That oil is dragged away from the larger spill, ignited and burns within an hour, he said.

The boom can be used as long as waves are below 3 feet, Bohleber said. …”

http://blog.al.com/live/2010/05/fire_boom_oil_spill_raines.html

Related Posts On Pronk Palisades

Survivior of BP Drilling Rig Accident Tells What Happened On Mark Levin Show–Contain The Spill–Shutting Down Other Rigs In Gulf o Mexico Makes No Sense–Keep On Drilling For Energy Independence–Day One–May 1, 2010–Days Late, Dollars Short–Failed To Activate Existing Spill Plans!

Ayn Rand–Videos

Energy Policy

ANWR: Pristine–Pristine–Pristine–Desolute–Desolute–Desolute–Drill–Drill–Drill– McCain/Romney: Drill Here. Drill Now. Pay Less!

Facing Fundamental Facts

Going Deep–Cool–Deep Ocean Water (DOW)–Ocean Power!

Read Full Post | Make a Comment ( None so far )

Glenn Beck–Wrong Way: California’s Progressive Government Policies–Right Way: Texas limited Government Policies–Videos

Posted on February 5, 2010. Filed under: Blogroll, Communications, Economics, Employment, Federal Government, Fiscal Policy, government, government spending, Health Care, Investments, Law, liberty, Life, Links, media, Monetary Policy, People, Philosophy, Politics, Quotations, Raves, Regulations, Resources, Taxes, Video, Wisdom | Tags: , , , , , , |

 

Glenn Beck Show – February 5, 2010 – Pt 1 of 7

 

Glenn Beck Show – February 5, 2010 – Pt 2 of 7

Glenn Beck Show – February 5, 2010 – Pt 3 of 7

Glenn Beck Show – February 5, 2010 – Pt 4 of 7

Glenn Beck Show – February 5, 2010 – Pt 5 of 7

Glenn Beck Show – February 5, 2010 – Pt 6 of 7

Glenn Beck Show – February 5, 2010 – Pt 7 of 7

Replace all Federal taxes with a national sales consumption tax–The Fair Tax.

The FairTax: It’s Time

The FairTax–Videos

 

Then limit Federal Government spending to 90% of the previous years FairTax collections.

The remaining 10% would be used to pay down the National Debt.

Pass a Constitutional Amendment that institutes the above.

To save the Social Security and Medicare benefits that Americans have been paying for by payroll taxes, shut-down and permanently close 10 Federal Departments, many agencies and numerious programs.

Social Security and Medicare Projections – I.O.U.S.A.

 

Until the above is implemented both political parties are not fiscally responsible and serious.

The progressive radical socialists of both parties oppose the above. 

 

U.S. Debt Clock–Real Time

http://www.usdebtclock.org/ 

The National Debt Is Now Over  

$12,300,000,000,000 

http://www.treasurydirect.gov/NP/BPDLogin?application=np 

The Total Unfunded Liabilities of

The United States of America Are Over 

$107,000,000,000,000 

We The People  

Are Broke! 

Stop Socialist Spending

 

Real Change and Hope 

Milton Friedman on Libertarianism (Part 4 of 4)

   

Shut Down and Close Permanently

10 Federal Government Departments,

 Several Agencies and Many Programs Now!

 

1. Department of Agriculture

2. Department of Commerce

3. Department of Education 

4. Department of Energy

5. Department of Health and Human Resources

6. Department of Housing and Urban Development

7. Department of Interior

8. Department of Labor

9. Department of Transportation

10. Department of Veterans Affairs

11. Environmental Protection Agency 

12. Other Independent Agencies

13. International Assistance Programs

  

If

We The People

 Do Not Do This Now

You Can Forgot About

Receiving  Your

Social Security and Medicare Benefits!

 

 

 

http://www.federalbudget.com/

The American People March on Washington D.C.–August 28, 2010–At The Lincoln Memorial! Mark Your Calendar–Be There–Three Million Minimum–Join The Second American Revolution

Keynesian Economics Is Wrong: Bigger Gov’t Is Not Stimulus

 Obama’s So-Called Stimulus: Good For Government, Bad For the Economy

Stimulus II: A Sequel America Can’t Afford

Stop Spending Our Future – The Crisis

 

We The People Stimulus Package

Ray Stevens – We The People

Mark Levin–Liberty and Tyranny: A Conservative Manifesto–Videos

Related Posts On Pronk Palisades

Economists

The FairTax–Videos

The Battle For The World Economy–Videos

Frederic Bastiat–The Law–Videos

Walter Block–Videos

Walter Block–Introduction To Libertarianism–Videos

Yaron Brook–Videos

Thomas DiLorenzo–The Economic Model of the Fascist State–Videos

Paul Edward Gottfried–Fascism, Anti-Fascism, and the Welfare State–Videos

David Gordon–Five Best Books on the Current Crisis–Video

David Gordon–The Confused Literature of Globalization–Videos

Friedrich Hayek–Videos

Henry Hazlitt–Economics In One Lesson–Videos

The Great Depression and the Current Recession–Robert Higgs–Videos

Jörg Guido Hülsmann–The Ethics of Money Production–Videos

Jörg Guido Hülsmann–The Life and Work of Ludwig von Mises–Videos

Milton Friedman–Videos

Milton Friedman on Education–Videos

Milton Friedman–Debate In Iceland–Videos

Israel Kirzner–On Entrepreneurship–Vidoes

Liberal Fascism–Jonah Goldberg–Videos

Ludwig von Mises–Videos

Robert P. Murphy–Videos

The Fountainhead, Atlas Shrugged and The Ideas of Ayn Rand

George Gerald Reisman–Why Nazism Was Socialism and Why Socialism Is Totalitarian–Videos

Murray Rothbard–Videos

Murray Rothbard–Libertarianism–Video

Rothbard On Keynes–Videos

Murray Rothbard– What Has Government Done to Our Money?–Videos

Peter Schiff–Videos

Schiff, Forbers and Bloomberg Nail The Financial Crisis and Recession–Mistakes Were Made–Greed, Arrogance, Stupidity–Three Chinese Curses!

Larry Sechrest–The Anticapitalists: Barbarians at the Gate–Videos

L. William Seidman on The Economic Crisis: Causes and Cures–Videos

Amity Shlaes–Videos

Julian Simon–Videos

Thomas Sowell and Conflict of Visions–Videos

Thomas Sowell On The Housing Boom and Bust–Videos

Peter Thiel–Videos

Thomas E. Woods, Jr.–Videos

Thomas E. Woods–The Economic Crisis and The Federal Reserve–Videos

Tom Woods–Lectures On Liberty–Videos

Tom Woods–Smashing Myths and Restoring Sound Money–Videos

Tom Wright On The FairTax–Videos

Banking Cartel’s Public Relations Campaign Continues:Federal Reserve Chairman Ben Bernanke On The Record

Read Full Post | Make a Comment ( None so far )

Do You Feel Lucky Progressives–Pass Your Health Care, Energy, Amnesty, Tax, Spend, Jobs/Stimulus Spending II Bills–The American Voters Will Throw The Thieves Out Of Office–Go Ahead Make My Day!

Posted on January 28, 2010. Filed under: Blogroll, Climate, Communications, Demographics, Economics, Education, Employment, Federal Government, Fiscal Policy, government spending, Investments, Law, liberty, Life, Links, Monetary Policy, People, Philosophy, Politics, Rants, Raves, Taxes, Video, Wisdom | Tags: , , , , , , , , |

 
“You may fool all the people some of the time, you can even fool some of the people all of the time, but you cannot fool all of the people all the time.”

~Abraham Lincoln

 

Dirty Harry – Do you feel lucky?

We The People Stimulus Package

Ray Stevens – We The People

 

Glenn Beck Show – January 28, 2010 – Pt 1 of 8

Glenn Beck Show – January 28, 2010 – Pt 2 of 8

Glenn Beck Show – January 28, 2010 – Pt 3 of 8

Glenn Beck Show – January 28, 2010 – Pt 4 of 8

Glenn Beck Show – January 28, 2010 – Pt 5 of 8

Glenn Beck Show – January 28, 2010 – Pt 6 of 8

Glenn Beck Show – January 28, 2010 – Pt 7 of 8

Glenn Beck Show – January 28, 2010 – Pt 8 of 8

Sudden Impact – “Go Ahead. Make My Day”

“Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny.”

~Thomas Jefferson 

 

Background Articles and Videos

Cato Institute Scholars Analyze the 2010 State of the Union Address

 

Keynesian Economics Is Wrong: Bigger Gov’t Is Not Stimulus

 Obama’s So-Called Stimulus: Good For Government, Bad For the Economy

Stimulus II: A Sequel America Can’t Afford

Kline Rejects Government Takeover of Student Loan Programs

Sen. Wicker Discusses State of the Union Speech with Neil Cavuto

Senator Thune discusses the State of the Union Address on Kudlow and Company

 

Related Posts On Pronk Palisades

Mark Levin–Liberty and Tyranny: A Conservative Manifesto–Videos

President Barack Obama State of The Union Address–Rush Limbaugh and Ron Paul Response!

The American People Rising In Revolt Against The Progressive Radical Socialists–Democrats and Republicans!

The American People March on Washington D.C.–August 28, 2010–At The Lincoln Memorial! Mark Your Calendar–Be There–Three Million Minimum–Join The Second American Revolution

The Obama Depression: Lessons Learned–Deja Vu!

President Barack Obama–Portrait of A Progressive Radical Socialist Narcissist–A Cult Of Personality!

Barack Obama–A Reader Not A Leader–A Divider Not A Uniter–A Progressive Radical Socialist Not An American Achiever

Obamanomics–New Deal Progressive Radical Socialist Interventionism

Glenn Beck’s Documentary On The Collectivists: Marxists, Socialists, Progressives, Communists, Fascists, National Socialists–Progressive Radical Socialists of The Democratic and Republican Parties!

Read Full Post | Make a Comment ( None so far )

FCC Debates Net Neutrality–Videos

Posted on October 23, 2009. Filed under: Blogroll, Communications, Computers, Economics, Fiscal Policy, government spending, Law, liberty, Links, People, Politics, Quotations, Raves, Regulations, Resources, Reviews, Taxes, Video, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , , , , |

 

“In all countries with a settled bureaucracy people used to say: The cabinets come and go, but the bureaus remain.”

“Only to bureaucrats can the idea occur that establishing new offices, promulgating new decrees, and increasing the number of government employees alone can be described as positive and beneficial measures.”

~Ludwig von Mises

 

FCC Approves Proposed Net Neutrality Rules

 

FCC Debates Net Neutrality -Full video

 

The Communicators: Net Neutrality

 

Mike McCurry on Net Neutrality

 

Paul Misener of Amazon.com on net neutrality

 

Q & A: Faceoff between Mike McCurry and Paul Misener

 

More government regulation and intervention into the economy is the problem not the solution.

The government is attempting to screw the consumer in the name of protecting them from the big bad Internet Service Prodivers or ISPs.

We are from the government and are here to protect you.

Really?

Go take a hike. 

Promote competition and investment in the internet or broadband deployment and cut government spending and regulation–abolish  the Federal Communications Commission.

The Progressive Radical Socialists are all on the side of network neutrality.

Network neutrality is the hostile takeover of the internet by government regulations.

The Progressive Radical Socialists are true believers in government command and control.

I trust private companies before I would even consider trusting the integrity of the government.

Time for the American people to wake up and speak up.

“Capitalism means free enterprise, sovereignty of the consumers in economic matters, and sovereignty of the voters in political matters. Socialism means full government control of every sphere of the individuals life and the unrestricted supremacy of the government in its capacity as central board of production management.”

“Tyranny is the political corollary of socialism, as representative government is the political corollary of the market economy.”

~Ludwig von Mises

 

Background Articles and Videos

The Essential Guide to Network Neutrality

A guide to the future of Internet services and the Internet Freedom Preservation Act.

By John Edwards

“…The Case Against Network Neutrality

The nation’s largest ISPs, including AT&T, Time Warner, Verizon, Cox Communications Inc. and Comcast, are the strongest network-neutrality opponents. Yet these firms steadfastly deny that they are trying to hijack the Internet, as some as their critics claim.

The ISPs insist that their primary interest is simply to ensure better and more reliable service by prioritizing content to meet their customers’ needs. They also state that their actions are essential to comprehensive Internet security; they must prevent outlaw services from taking advantage of customers through illegal Net activities, such as phishing sites and intellectual-property-robbing peer-to-peer file-sharing services. Many neutrality opponents also believe they should be able to charge Web-site operators, especially high-bandwidth services like video streamers, for the right to use the ISP’s portion of the network, which feeds content directly to customers.

Neutrality opponents assert that any government measures directed at promoting a so-called “even playing field” would unnecessarily meddle with Net activities and, in effect, place the government in charge of critical aspects of the Web’s design and operation. Such interference, opponents claim, would stifle Internet growth, hinder the roll out of broadband access and tilt the market toward businesses that use the most bandwidth yet pay the least for network costs within a neutral environment.

The Case for Network Neutrality

Supporters of network neutrality include the businesses that have the most to gain from a neutral Internet — companies such as Amazon.com, Google, Yahoo! Inc., Microsoft and Facebook. Also backing the cause are the editorial boards of several major newspapers, including The New York Times, Los Angeles Times, San Francisco Chronicle and San Jose Mercury News. Organizations such as the American Library Association, Gun Owners of America, Christian Coalition of America and Consumers Union, as well as Internet pioneer Vint Cerf, are also carrying the “free Internet” banner.

Network-neutrality proponents claim that rather than protecting their customers’ interests, ISPs are trying to squash competition in order to benefit their own Internet services, including email, IP telephony, search technology, news and information content aggregation, classified advertising, and social networking. They argue that by attempting to monopolize both access and content, such firms are essentially “double-dipping.”

According to network-neutrality advocates, the loss of a free and open Internet would lead to less innovation, since individuals and small startups buckle under new service and cost restrictions imposed by ISPs. The biggest losers in this situation will be consumers, who will inevitably face fewer service choices and higher fees, argue neutrality supporters. The national business and financial climate will also suffer, they allege, as Internet innovation and growth slows. …”

http://www.voip-news.com/feature/guide-network-neutrality-030508/

Sector to Watch – Internet

 

FCC Net Neutrality: Arbitrary and Capricious?

 

FCC Commissioner on Net Neutrality

 

Oracle Chief Opposes Net Neutrality


 

Internet Regulation – Ayn Rand Center for Individual Rights

 

Net neutrality: Necessary or necessary evil?


 

Lawrence Lessig on Net Neutrality and Google-1/2

 

Lawrence Lessig on Net Neutrality and Google-2/2

 

“Preserving a Free and Open Internet: A Platform for Innovation, Opportunity, and Prosperity”

 

Gov 2.0 Summit 09: Julius Genachowski, “Broadband as Platform”

 

Genachowski Says AT&T Move Doesnt End Need for Web Rule: Video

 

Barack Obama: On Net Neutrality

 

CTO Aneesh Chopra on net neutrality

 

C-SPAN’s Communicators with CTO Aneesh Chopra

 

Anti-Net Neutrality Propiganda Ad

 

Net Neutrality – Plain English

 

DN! Net Neutrality (1\2)

 

DN! Net Neutrality (2\2)

 

Net Neutrality

 

Anti-Net Neutrality Propiganda Ad

 

Net Neutrality – Plain English

 

Google Violates Motto Debate: Jim Harper (3 of 13)

 

 

Related Posts On Pronk Palisades

Network Neurtrality–FCC Julius Genachowski–Tim Wu–Free and Open Internet Or Slow and Stupid Internet?

Robert W. McChesney–Videos

Cass Sunstein–Regulatory Czar–Animal Rights Activist, Body Part Taker, Gun Grabber, Internet Regulator, Nudger–Nuts!

Mark Lloyd, FCC Diversity Czar, and Cass Sustein, Regulatory Czar: Progressive Radical Socialist Silencing of Free Speech On Internet Blogs and Talk Radio

Susan P. Crawford–Videos

Tim Wu–Videos

Beck and Hannity Expose Corrupt Ethics Waived Slumlord Valerie Jarrett–Senior Advisor, Olympics Czar and Close Friend of President Barack Obama–Videos

The Battle For The World Economy–Videos

Obama’s Progressive Radical Socialist Democratic Party’s Propaganda War On Freedom of Speech

Anita Dunn–White House Communications Director–Exposed By Beck As Mao Tse-Tung Admirer On Video!

Fox’s Glenn Beck Installs Hotline to Narcissist Obama–Beck Continues To Be Obama’s Narcissistic Supplier!

Fox News Scares Narcissist Obama–Mirror Mirror Mirror On The Wall Who Is The Fairest Of Them All–Sarah Palin–Obama Attacks Mirror!

Obama’s Socialist Mopster Red Bucket Brigade for The Rockefeller and Soros Agenda of World Socialist Government–A New World Order!

Fox News Scares Narcissist Obama–Mirror Mirror Mirror On The Wall Who Is The Fairest Of Them All–Sarah Palin–Obama Attacks Mirror!

Sam Vaknin–Videos

Narcissistic Personality Disorder (NPD)–Videos

Barack Obama Cult?

Jim Jones–Cult of Personality–The Tragedy of Jonestown–Videos

There Are No Coincidences: Three Progressive Presidents Won The Nobel Peace Prize–Theodore Roosevelt, Woodrow Wilson, and Barack Obama–Narcissistic Personality Disorder!

Change You Can Count On: The 2,000,000,000 Health Care Plan Requires Massive Tax Increases and Huge Cuts In Medicare Reimbursement for Doctors and Hospitals!

President Obama–Killer of The American Dream and Market Capitalism–Stop The Radical Socialists Before They Kill You!

Cloward Piven Strategy–The Crisis Strategy Of Barack Obama

Yuri Bezmenov On KGB Soviet Propaganda and Subversion–Videos 

President Barack Obama Puppet of Trilateral Commission?–Videos

G. William Domhoff: Who Runs America–Videos

Eugenics–Rockefeller–United Nations–Population Control–Holdren–Abortions/Sterilization–Browner–Cap and Trade–Obama–Compulsory Socialized Medicine–Euthanasia–Transhuman–Brave New World!–Videos 

Eugenics, Planned Parenthood, Population Control, and Designer Babies–Videos

Barrack Obama’s Kansas Values–Killing Babies in Cold Blood?

Black Genocide–Eugenics–Planned Parenthood–Population Control–Videos

George Soros: Barack Obama’s Money Man and Agenda Puppeter

George Soros: Government Interventionist and Global Socialist–Obama’s Puppeter Master–Videos

Soros Funded and Obama’s Manufactured Hate Generator–The Southern Poverty Law Center–Disinformation Propaganda Campaign 

Change You Can Count On: The $2,000,000,000 Health Care Plan Requires Massive Tax Increases and Huge Cuts In Medicare Reimbursement for Doctors and Hospitals!

Second Opinion: Doctors Speak Up On Proposed Health Care Reform–And A Third Texas Opinion!–Videos

Republican Health Care Reform: The Patients’ Choice Act

Medical Doctor and Senator Tom Coburn On Health Care–Videos

The Senate Doctors Show–Videos

Obama’s Waterloo– Government Compulsory Single Payer Socialized Medicine!–Videos

President Obama’s Plan of Massive Deficit Spending Is Destroying The US Economy–The American People Say Stop Socialism BS Now!

The Bum’s Rush of The American People: The Totally Irresponsible Democratic Party Health Care Bill and Obama’s Big Lie Exposed

Chairman Obama’s Progressive Radical Socialist Health Care Bill Kills Individual Private Health Care Insurance–Join The Second American Revolution!

The Obama Big Lie and Inconvenient Truth About Health Care–The Public Option Trojan Horse–Leads To A Single Payor Goverment Monopoly of Health Care and The Bankruptcy of USA!

The Obama Public Option Poison Pill For A Government Health Care Monopoly–Single Payer System–Betting Your Life and Paying Though The Nose

Government Bureaucracy: Organizational Chart of The House Democrats’ Health Plan

Dr. Robert W. Christensen–Videos

John Stossel–Sick In America–Videos 

 

Read Full Post | Make a Comment ( None so far )

Tim Wu–Videos

Posted on October 8, 2009. Filed under: Blogroll, Communications, Computers, Cult, Culture, Economics, Entertainment, Films, Investments, Law, liberty, Life, Links, media, People, Philosophy, Politics, Quotations, Rants, Raves, Regulations, Resources, Talk Radio, Taxes, Technology, Uncategorized, Video, Wisdom | Tags: , , , , , , , , |

tim_wu

Tim Wu on the Innovation Cycle

 

SavetheInternet.com on the Hill: Tim Wu’s Statement

 

Tim Wu on Network Neutrality

 

Tim Wu, Politics Online Conference March 2008

 

What is “Net Neutrality?”

 

Network Neutrality

Timothy Wu

Tim Wu at NCMR 2008

 

Politics Online 2008 – Broadband Strategy, part 1

Politics Online 2008 – Broadband Strategy, part 2

Politics Online 2008 – Broadband Strategy, part 3

Politics Online 2008 – Broadband Strategy, part 4

Politics Online 2008 – Broadband Strategy, part 5

 

Background Articles and Videos

Tim Wu

“…Tim Wu (traditional Chinese: 吳修銘) is a professor at Columbia Law School, the chair of media reform group Free Press, and a writer for Slate Magazine.[1] He is best known for popularizing the concept of network neutrality in his paper Network Neutrality, Broadband Discrimination. The paper considered network neutrality in terms of neutrality between applications, as well as neutrality between data and Quality of Service-sensitive traffic, and proposed some legislation to potentially deal with these issues.[2][3]

Wu’s academic specialties are copyright and telecommunications policy. For his work in this area, Professor Wu was named one of Scientific American’s 50 people of the year in 2006. In 2007 Wu was named one of Harvard University’s 100 most influential graduates by 02138 magazine.[4]

“…

In 2003, Wu contributed to the Howard Dean and John Edwards presidential campaigns.[10] During 2008, Wu served as an adviser to the Barack Obama presidential campaign.[11] …”

“…Wu is credited with popularizing the concept of network neutrality in his 2003 paper Network Neutrality, Broadband Discrimination. The paper considered network neutrality in terms of neutrality between applications, as well as neutrality between data and Quality of Service-sensitive traffic, and proposed some legislation to potentially deal with these issues.[2][12]

In 2006, Wu wrote “The World Trade Law of Internet Filtering”, which analyzed the possibility of the World Trade Organization treating censorship as a barrier to trade.[13] In June 2007, when Google Inc. lobbied the United States Trade Representative to pursue a complaint against China’s censorship at the WTO, Wu’s paper was cited as a “likely source” for this idea.[14] In 2006 Wu was also invited by the Federal Communications Commission (FCC) to help draft the first network neutrality rules attached to the AT&T and BellSouth merger.[15]

In 2007, Wu published a paper proposing a “Wireless Carterfone” rule for mobile phone networks[16]; the rule was adopted by the Federal Communications Commission for the 700 MHz spectrum auctions on July 31, 2007, with FCC Commissioner Michael Copps stating: “I find it extremely heartening to see that an academic paper—in this case by Professor Timothy Wu of Columbia Law School—can have such an immediate and forceful influence on policy.”[17] In November 2007 BusinessWeek credited Wu with providing “the intellectual framework that inspired Google’s mobile phone strategy.”[18]

With his Columbia Law School colleagues Professors Scott Hemphill and Clarisa Long, Wu co-directs the Columbia Law School Program on Law and Technology, founded in 2007.[19][20] In August 2007, in collaboration with the University of Colorado School of Law’s Silicon Flatirons Program, the Columbia Law School Program on Law and Technology launched a Beta version of AltLaw, which he produced.[21] …”

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

Free Press

“…Free Press is a non-partisan media advocacy organization, and by membership the largest such organization in the United States.[citation needed] It was founded by media critic Robert W. McChesney, journalist John Nichols and current executive director Josh Silver. The current chair of Free Press is Columbia Professor Tim Wu. In the 2000s, Free Press has grown into among the most prominent organizations criticizing media consolidation and defending network neutrality. It has a membership of over 500,000, making it in membership terms the largest media advocacy group in the United States.[1] …”

Free Press’ aim is to increase the public’s stake in the debate of appropriate media policy with the goal of creating a more competitive media landscape and promoting a media system more friendly to the public interest. In the period from 2002-2008, Free Press was one of the leading organizations in the Save the Internet campaign and the Stop Big Media coalition. Free Press is also the organizer of the large annual National Conference for Media Reform.

Free Press employs a full time lobbying staff in Washington, D.C. Free Press’ senior lobbyist, Ben Scott, has been described as a “driving force for ‘net neutrality.'” [1]

Free Press

http://www.freepress.net/

 

“Free Press

  • Advocates decentralizing ownership of broadcast media
  • Stages National Conferences on Media Reform

Free Press is a tax-exempt  “media reform” organization co-founded in December 2002 by radical Professor Robert McChesney of the University of Illinois Urbana-Champaign, The Nation magazine’s Washington correspondent John Nichols, and campaign-finance-reform advocate Josh Silver. Free Press shares offices, telephones and directors with the non-tax-exempt “social welfare organization” Free Press Action Fund, which openly engages in political lobbying.

One of Free Press’s projects is the staging of conferences. In November 2003, its first National Conference on Media Reform was held at the University of Wisconsin-Madison. This media reform conference was keynoted by Public Broadcasting Service (PBS) host Bill Moyers and its star was Amy Goodman, host of the national radio program Democracy Now!  This conference, as reported by Z Magazine, also prominently featured “El Salvador and Palestine solidarity activists” who “gave updates on their work.”

Free Press’s Second National Conference for Media Reform (held May 13-15, 2005) in St. Louis, Missouri featured the following speakers: Medea Benjamin of Global Exchange and Code Pink; David Brock, head of Media Matters for America; Laura Flanders, author and radio host; Bill Fletcher of TransAfrica Forum; Al Franken of Air America Radio; Amy Goodman; Juan Gonzalez of the New York Daily News; Robert Greenwald, Director of the anti-Rupert Murdoch documentary Outfoxed; author and commentator Jim Hightower; Janine Jackson of Fairness and Accuracy in Reporting; author and columnist Naomi Klein; George Lakoff, University of California Berkeley professor and Democratic Party advisor; Robert McChesney; John Nichols; and California Congresswoman Diane Watson, a member of the Progressive Caucus in the U.S. House of Representatives. …”

“…Board members of the Free Press Action Fund include McChesney; Nichols; Linda Foley, President of the Newspaper Guild/Communications Workers of America, AFL-CIO; and Norman Solomon, Executive Director of the Institute for Public Accuracy (IPA), on whose board McChesney sits. Another Free Press Action Fund board member is Cindy Asner, wife of actor Ed Asner. The Asners are activists in Progressive Democrats of America.

Free Press founders McChesney and Nichols have co-authored three books: It’s the Media, Stupid!, Our Media, Not Theirs: The Democratic Struggle Against Corporate Media, and Tragedy & Farce: How the American Media Sell Wars, Spin Elections, and Destroy Democracy. The authors and their organization are endorsed by leftist  professor Howard Zinn: “Free Press is doing the important work of stimulating a national discussion on the role of a free media in this country. It deserves widespread support.”

Free Press receives financial support from the Nathan Cummings Foundation, the Ford Foundation, the Glaser Progress Foundation, the Joyce Foundation, the Open Society Institute, the Overbrook Foundation, the Philadelphia Foundation, the Rockefeller Brothers Fund, the Schumann Center for Media and Democracy, the Surdna Foundation, and the Wallace Global Fund. …”

http://www.discoverthenetworks.org/groupProfile.asp?grpid=7103

 

 

Related Posts On Pronk Palisades

Robert W. McChesney–Videos 

Read Full Post | Make a Comment ( 9 so far )

The Federal Reserve System Expanded–Are You Kidding–How About Disbanded and Shut-Down For Incompetence–End The Fed–Videos

Posted on June 18, 2009. Filed under: Blogroll, Books, Economics, Employment, Energy, Foreign Policy, Homes, Investments, Law, liberty, Links, Politics, Quotations, Rants, Raves, Regulations, Talk Radio, Taxes, Video, Wisdom | Tags: , , , , , , , , , , , , |

Federal_Reserve_entrance 

 

“True, governments can reduce the rate of interest in the short run. They can issue  additional paper money.

They can open the way to credit expansion by the banks. They can thus create an artificial boom and the appearance of prosperity.

But such a boom is bound to collapse soon or late and bring about a depression.”

~Ludwig von Mises, Omnipotent Government, page 251

The Federal Reserve System is a private banking cartel that sets the price of money, serves as a lender of last resort, regulates member banks, and is the central bank of the United States responsible for the setting and the  implemenation of monetary policy, the expansion and contraction of the money supply with the goal of general price level stability.

The Federal Reserve fueled the housing bubble by expanding the money supply and keeping interest rates too low for too long.

The Federal Reserve failed to adequately regulate banks in particular large banks.

The Federal Reserve deserves a large portion  of the blame for the current financial crisis and recession.

Screw up big time and now the President proposes to expand their role.

Give me a break.

President Obama is bought and paid for by the large Wall Street financial institutions and the banking cartel and will do anything they want.

Thei Federal Reserve System’s  incompetence has destroyed trillions in wealth and transfered more wealth from the American people to those to big to fail in the form of bailouts–the crime of the century.

Terminate the tyranny of the banking cartel and abolish the central bank–the Federal Reserve System.

End The Fed! 

 

President Obama Announces Financial Regulation Reform

 

Dr Yaron Brook of the Ayn Rand Center for Individual Rights on Glenn Beck show June 18 2009

 

How Abolishing the Fed Would Change Everything

 

Obama’s Financial Overhaul

 

Experts discuss effect of Obama financial plan

 

Inside Look – Reforming Financial Regulation – Bloomberg

 

In-Depth Look – Obama Set To Overhaul Financial Regulation – Bloomberg

 

In-Depth Look – Obama’s Regulation Overhaul – Bloomberg

 

In-Depth Look – Impact Of Obama’s Regulation Reform On Banks – Bloomberg

 

Obama’s Regulation Reform

 

The Fed Has Increased The Monetary Base From $850 Billion To $2.2 Trillion!

 

Financial crisis: Gov’t regulation creating crony capitalism

 

Gingrich warns Obama moving towards political dictatorship

 

Greenspan: Why do we need a Central Bank?

 

Ron Paul on Federal Reserve, banking and economy

 

Bubble Economics

 

Peter Schiff Vlog Report 18 june 2009

 

June 2009: OBAMA GIVES THE FEDERAL RESERVE EVEN MORE POWER!

 

 

No Risk of Hyperinflation Says Federal Reserve Chairman Ben Bernanke. Rest easy Glenn Beck009

 

No Risk of Hyperinflation Says Federal Reserve Chairman Ben Bernanke. Rest easy Glenn Beck

 

Jim Rogers on CNBC: ABOLISH THE FEDERAL RESERVE!

 

Why the Meltdown Should Have Surprised No One

 

 

A Recipe for the Next Great Depression

 

End The Fed: Final Cut

 

“The interest of the capitalists are scarcely ever represented in monetary policy.”

~Ludwig von Mises, The Theory of Money and Credit, page 414

 

 Eccles Building Constitution  Ave.

Background Articles And Videos

Eccles Building Boardroom

 

Federal Reserve System

“…The Federal Reserve System (also the Federal Reserve; informally The Fed) is the central banking system of the United States. Created in 1913 by the enactment of the Federal Reserve Act (signed by Woodrow Wilson), it is a quasi-public and quasi-private (government entity with private components) banking system[1] that comprises (1) the presidentially appointed Board of Governors of the Federal Reserve System in Washington, D.C.; (2) the Federal Open Market Committee; (3) twelve regional Federal Reserve Banks located in major cities throughout the nation acting as fiscal agents for the U.S. Treasury, each with its own nine-member board of directors; (4) numerous other private U.S. member banks, which subscribe to required amounts of non-transferable stock in their regional Federal Reserve Banks; and (5) various advisory councils. Since February 2006, Ben Bernanke has served as the Chairman of the Board of Governors of the Federal Reserve System. Donald Kohn is the current Vice Chairman (Term: June 2006–June 2010).

…”

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

Board of Governors of the Federal Reserve System

http://www.federalreserve.gov/

Summary Of Obama Financial Regulation Plan

“…WASHINGTON -(Dow Jones)- A summary of President Barack Obama’s regulatory plan, “Financial Regulatory Reform: A New Foundation.”

For the regulation of financial firms, the proposal:

–Creates Financial Services Oversight Council, which would coordinate activities among regulators, replacing the President’s Working Group.

–Ensures that any financial firm big enough to pose a risk to the financial system would be heavily regulated by the Federal Reserve, including regular stress tests.

–Gives the Fed oversight over parent companies and all subsidiaries, including unregulated units and those based overseas.

–Says the Treasury will re-examine capital standards for banks and bank-holding companies.

–Tells regulators to issue guidelines on executive compensation, with the goal of aligning pay with long-term shareholder value, including a re-examination of the utility of golden parachutes.

–Creates a new bank agency, the National Bank Supervisor, and kills the Office of Thrift Supervision. The new agency will look over national banks, including federal branches and agencies of foreign banks.

–Forces industrial banks, non-bank financial firms and credit-card banks to become more traditional bank holding companies subject to federal oversight.

–Kills the SEC program that supervised Wall Street investment banks.

–Requires hedge funds, private-equity funds and venture-capital funds to register with the SEC, allowing the agency to collect data from the firms.

–Subjects hedge funds to new requirements in areas such as record keeping, disclosure and reporting. The oversight would include assets under management, borrowings, off-balance sheet exposures.

–Urges the SEC to give directors of money-market mutual funds the power to suspend redemptions, and take other action to strengthen regulation of money-market mutual funds to prevent runs.

–Beefs up oversight of insurance by creating an office within the Treasury to coordinate information and policy.

–Kicks off a process by which the Treasury and the Department of Housing and Urban Development will figure out the future of mortgage giants Fannie Mae (FNM), Freddie Mac (FRE) and the federal home-loan banks. …”

http://online.wsj.com/article/BT-CO-20090617-712735.html

 

Obama’s new financial regs – worse than we imagined

Rick Moran 

“…Hey kids! Let’s create a brand, spanking, new federal bureaucracy to protect consumers of mortgages, credit cards, and other financial instruments from their own stupidity!
  
That’s just one of the nanny state goodie being proposed by the Obama administration to address what they say were the causes of the financial meltdown.  
The plan seeks to overhaul the nation’s outdated system of financial regulations. Senior officials debated using a bulldozer to clear the way for fundamental reforms but decided instead to build within the shell of the existing system, offering what amounts to an architect’s blueprint for modernizing a creaky old building.
 
The White House makes its case for this approach in an 85-page white paper that describes the roots of the crisis. Gaps in regulation allowed companies to make loans many borrowers could not afford. Funding came from new kinds of investments that were poorly understood by regulators. Big firms paid employees massive bonuses, while setting aside little money to absorb potential losses. 


Surely some loans were made by criminals. The laws are already in place to deal with them. But how can you close a “gap” in the stupidity of the borrower? Never fear, the government is here!
 

The government would create a new agency to protect consumers of mortgages, credit cards and other financial products.


We welcome our ACORN overlords. …”
 
“…The problem, of course, is vastly expanding the mandate of the Federal Reserve – to give the quasi-independent agency regulatory power not answerable to Congress. If you’re a company and have a complaint about how the Fed is regulating your business, I wish you good luck and bon chance. You will get no satisfaction from our lawmakers. 

 http://www.americanthinker.com/blog/2009/06/obamas_new_financial_regs_wors.html

More Perspective – Geithner Calls for Financial Regulation Overhaul – Bloomberg

Another Look – Geithner’s Plan for Financial Overhaul – Bloomberg

The Founding of the Federal Reserve

 

The Future of Austrian Economics


 

 

How the Federal Reserve works. Part One

 

How the Federal Reserve works. Part Two

 

How the Federal Reserve works. Part Three

 

How the Federal Reserve works. Part Four

 

How the Federal Reserve works. Part Five

 

G. Edward Griffin in Austin, Texas 4/29/2008 – Part 1/13

 

G. Edward Griffin in Austin, Texas 4/29/2008 – Part 2/13

 

G. Edward Griffin in Austin, Texas 4/29/2008 – Part 3/13

 

G. Edward Griffin in Austin, Texas 4/29/2008 – Part 4/13

 

G. Edward Griffin in Austin, Texas 4/29/2008 – Part 5/13

 

G. Edward Griffin in Austin, Texas 4/29/2008 – Part 5/13

 

G. Edward Griffin in Austin, Texas 4/29/2008 – Part 6/13

 

G. Edward Griffin in Austin, Texas 4/29/2008 – Part 7/13

 

G. Edward Griffin in Austin, Texas 4/29/2008 – Part 8/13

 

G. Edward Griffin in Austin, Texas 4/29/2008 – Part 9/13

 

G. Edward Griffin in Austin, Texas 4/29/2008 – Part 10/13

 

G. Edward Griffin in Austin, Texas 4/29/2008 – Part 11/13

 

G. Edward Griffin in Austin, Texas 4/29/2008 – Part 12/13

 

G. Edward Griffin in Austin, Texas 4/29/2008 – Part 13/13

 

 

Related Post On Pronk Palisades

 

Yaron Brook–Videos

Peter Schiff–Videos

G. Edward Griffin–Videos

Creature from Jekyll Island: The Federal Reserve System–Videos

The Monopoly Men: The Federal Reserve Bank Cartel–Videos

Liberal Fascism–Jonah Goldberg–Videos

Frederic Bastiat–The Law–Videos

Friedrich Hayek–Videos

Milton Friedman–Videos

Ludwig von Mises–Videos

United States Economic Depressions–The Good, The Bad, and The Ugly–Obama’s Depression–Over 15,000,000 Americans Seek Full Time Job!

Schiff, Forbers and Bloomberg Nail The Financial Crisis and Recession–Mistakes Were Made–Greed, Arrogance, Stupidity–Three Chinese Curses!

L. William Seidman on The Economic Crisis: Causes and Cures–Videos

Amity Shlaes–Videos

Thomas Sowell and Conflict of Visions–Videos

Thomas E. Woods, Jr.–Videos

White House Memo: Carbon Dioxide Is Not A Pollutant and A Cap And Trade Program (Carbon Dioxide Tax) Serious Economic Impact –The Smoking Gun Video!

A New Political Party In The United States? American Citizens Alliance Party–ACAP On Government Spending, Taxes, Debt, and Regulations!

The Financial Crime of The Century: William K. Black On Massive Mortgage Fraud –Videos

US Federal Government Fails Stress Test–Insolvent: Time Has Arrived For Downsizing–Departments and Subsidies To Be Eliminated!

M3 Money Meteorite Moves–Deep Impact–The Coming Inflation Tidal Wave–Wage and Price Controls Will Signal Radical Socialist Obama’s Failure!

The 12 Trillion–$12,000,000,000,000 Crime of The Century: The Decline and Fall of United States of America By Radical Socialist Spending–Look Before You Leap!

The Financial Crime of The Century: William K. Black On Massive Mortgage Fraud –Videos

Bailed Out Bank Trillion Dollar Derivative Exposure

The Mother of All Bailouts–2 to 3 Trillion Dollars–$2,000,000,000–$3,000,000,000!–Rewarding Greed, Arrogance and Stupidity–Pay for Play!

Federal Government Extortion Of Sound Banks–You Decide?–Take This TARP and Shove It!

The United States is Broke!–Chapter 11 Bankruptcy Time For GM and Ford Is Now!

 

 

This is a nightmare for those who value free, independent markets. And it might get worse yet. Interpreting these broad goals will be the job of federal regulators who may take the opportunity to impose even more draconian restrictions. …”

 

 

 

Some of those “causes,” according to this piece by Binyamin Appelbaum and David Cho of the Washington Post, are remarkable for the ideological basis on which they have been analyzed:

Read Full Post | Make a Comment ( None so far )

The American People Want A Full Meal Buffett Deal–Not A Bailout!

Posted on September 29, 2008. Filed under: Blogroll, Economics, Investments, Links, People, Politics, Rants, Raves, Regulations, Resources, Taxes, Video | Tags: , , , , , , , , , |

What we got here is failure to communicate!

 

Shocking Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis

 

Explosive Video, Fannie Mae CEO calling Obama and the Dems the “Family” and “Conscience” of Fannie Mae

 

Obama and Democrats are Responsible: Fannie Mae/Freddie Mac

 

Bill Allison on Lou Dobbs 9/26/08

 

Rooting Out the Reason for the Bailout

by Rich Tucker

“…The federal Community Reinvestment Act (passed during the Carter administration and amended during the Clinton administration), Liebowitz writes, tossed aside “traditional lending requirements such as requiring a down payment or limiting mortgage payments to 28 percent of income.” These requirements, according to requirements issued by the Boston branch of the Federal Reserve, were “arbitrary” and “outdated.”

The new policy “worked.” Home-ownership rates jumped, starting in 1995. Of course, with more buyers chasing (roughly) the same number of housing units, prices started soaring, as the law of supply and demand would predict.

Eventually prices rose too high, creating the bubble that popped last year (as all financial bubbles do, eventually). On the way up, government-sponsored enterprise Fannie Mae bragged in a 2002 report that it had succeeded in “fundamentally altering the terms upon which mortgage credit had been offered in the United States from the 1960s through the 1980s.” The company called that “mortgage innovation,” but it was an innovation that eventually caused today’s collapse. …”

http://townhall.com/Columnists/RichTucker/2008/09/26/rooting_out_the_reason_for_the_bailout

 

HOUSE OF CARDS

LIBERALS FUELED WALL ST. WOES

“…HOW did America wind up in its worst financial crisis in decades? Sen. Barack Obama explained it this way last week: “When sub-prime-mortgage lending took a reckless and unsustainable turn, a patchwork of regulators systematically and deliberately eliminated the regulations protecting the American people.”

That’s exactly backward. Mortgage lending took that “reckless and unsustainable turn” because of regulation – regulation driven by liberals and progressives, not free-market “deregulators.”

Pushed hard by politicians and community activists, the regulators systematically and deliberately altered financially sound lending practices.

The mortgage market was humming along just fine when, in the late 1980s, progressives decided that it needed to be “fixed.” Their complaint: Some ethnic groups got approved for mortgages at lower rates than others.

In reality, mortgage lenders were simply being prudent – taking care to provide mortgages to those who could best afford to make the payments. …”

“…Now that the popped bubble has left us swimming in foreclosures, the supporters of loosened credit standards seem shy about taking credit for their “mortgage innovations.” Instead, they blame subprime lenders for becoming “predatory” – when they were simply taking the Boston Fed rules to their logical conclusion while broadening the mortgage market.

Investors holding mortgage-based assets now want out. Perhaps they deserve a $700 billion refund – since they were sold a bill of goods by “progressive” politicians, academics and government officials who, in the hope of remaking society, insisted that loans based on relaxed underwriting standards were sound. “

http://www.nypost.com/seven/09242008/postopinion/opedcolumnists/house_of_cards_130479.htm?page=0
 

I am urging all conservatives and libertarians in Congress to vote against the bailout bill, Democrats and Republicans.

Something does not smell right. The complete story is simply not being told and the American elites are pulling a fast one to avoid blame for government intervention in the mortage home loan market.

Warren Buffet gives some clues.

Sep 24 – Warren Buffett – Bailout must – market meltdown

The American people need to be leveled with and not given only part of the story.

I am not buying the fear mongering scenario that all business will stop if this bill is not passed.

Banks are in the business of lending money and guess what, they are still lending.

The very people who bear much of the responsibility for failing to properly regulate both Fannie Mae and Freddie Mac are writing much of this bill–Senator Chris Dodd and Congressman Barney Frank–and the Democratic Party.

I smell a fix.

The American people need someone on the inside to blow the whistle on this one.

As a minimum the American people or taxpayers should receive a deal equal to that Warren Buffett got with Goldman Sachs.

Buffett on Goldman Deal

Ron Paul Bashes Warren Buffet & Bailout Plan!

Those financial institutions that are facing liquidity problems and possible bankruptcy as a result of investing in mortaged backed securities and derivative securities should be provided additional capital through the Federal Reserve in exchange for Preferred Stock.

These companies would have five years to retire the Preferred Stock by seeking additional capital in the financial markets.  These companies should pay dividends on the Preferred Stock to the Federal Reserve to be transferred to the Treasury Department as payment for the use of the capital.

The US real estate markets both residential and commercial should be back to normal by than and the problem securites should have recovered most of their value.

Just one idea and I am sure there are many more.

Buffett boosts Goldman Sachs with $5-billion investment

BuffettwarrenWarren Buffett to the rescue: His Berkshire Hathaway Inc. agreed today to invest $5 billion in Goldman Sachs Group via a purchase of preferred stock.

Berkshire also will get warrants to buy up to $5 billion of Goldman common shares.

The deal, announced after markets closed, amounts to a huge vote of confidence by Buffett in the investment banking titan, at a time when investors remain spooked about the future of Wall Street.

“Goldman Sachs is an exceptional institution,” Buffett said in a statement. “It has an unrivaled global franchise, a proven and deep management team and the intellectual and financial capital to continue its track record of outperformance.”

 Goldman CEO Lloyd Blankfein said the firm considered Buffett’s capital infusion “a strong validation of our client franchise and future prospects.” Goldman also said it would raise another $2.5 billion by selling more common stock to the public. 

http://latimesblogs.latimes.com/money_co/2008/09/warren-buffett.html

Any Democrat or Republican that votes for the current bailout bill should be defeated in November.

The American people will take out their anger and outrage by voting out of office any incumbent that votes for the bill and was responsible for not regulating and exercising oversite over Fannie Mae and Freddie Mac.

Only you can prevent socialism in America.

Paul Newman – The Hustler 1961 Final Game

 

Background Articles and Videos

 

THE REAL SCANDAL

HOW FEDS INVITED THE MORTGAGE MESS

“…PERHAPS the greatest scandal of the mort gage crisis is that it is a direct result of an intentional loosening of underwriting standards – done in the name of ending discrimination, despite warnings that it could lead to wide-scale defaults.

At the crisis’ core are loans that were made with virtually nonexistent underwriting standards – no verification of income or assets; little consideration of the applicant’s ability to make payments; no down payment.

Most people instinctively understand that such loans are likely to be unsound. But how did the heavily-regulated banking industry end up able to engage in such foolishness?

From the current hand-wringing, you’d think that the banks came up with the idea of looser underwriting standards on their own, with regulators just asleep on the job. In fact, it was the regulators who relaxed these standards – at the behest of community groups and “progressive” political forces.

In the 1980s, groups such as the activists at ACORN began pushing charges of “redlining” – claims that banks discriminated against minorities in mortgage lending. In 1989, sympathetic members of Congress got the Home Mortgage Disclosure Act amended to force banks to collect racial data on mortgage applicants; this allowed various studies to be ginned up that seemed to validate the original accusation.

In fact, minority mortgage applications were rejected more frequently than other applications – but the overwhelming reason wasn’t racial discrimination, but simply that minorities tend to have weaker finances. …”

http://www.nypost.com/seven/02052008/postopinion/opedcolumnists/the_real_scandal_243911.htm

Bailout Fails!

Go Viral: STOP THE BAILOUT OR…. DEPRESSION?

Ron Paul Sept 25 2008 part 1

 

Ron Paul Sept 25 2008 part 2

Ron Paul: Bailouts NOT constitutional on Glen Beck

 

Kill the bailout: The House floor debate is on; Bill fails

 

“…220 against, 195 for, 19 not voting…

1:50pm Eastern…the Crap Sandwich fails …”

 

http://michellemalkin.com/2008/09/29/kill-the-bailout-the-house-floor-debate-is-on/

 

Privatizing Gains, Socializing Losses… Part 1

 

Privatizing Gains, Socializing Losses… Part 2

Dennis Lockhart on current mortgage-credit crisis – PART 1

Dennis Lockhart on current mortgage-credit crisis – PART 2

Dennis Lockhart on current mortgage-credit crisis – PART 3

Dennis Lockhart on current mortgage-credit crisis – PART 4

Dennis Lockhart on current mortgage-credit crisis – PART 5

 

Dennis P. Lockhart

Dennis P. Lockhart (born February 1, 1947) is President and CEO of the Federal Reserve Bank of Atlanta. He assumed office on March 1, 2007.

From 2003 to 2007, Lockhart served on the faculty of the Master of Science in Foreign Service Program at Georgetown University’s Walsh School of Foreign Service. He also was an adjunct professor at Johns Hopkins University’s Paul H. Nitze School of Advanced International Studies. From 2001 to 2003, Lockhart was managing partner at the private equity firm Zephyr Management, L.P.. Prior to this position, he worked for 13 years at Heller Financial, where he served as executive vice president and director of the parent company and as president of Heller International Group.

Lockhart held various positions, both domestic and international, with Citicorp/Citibank (now Citigroup) between 1971 and 1988. Early in his career with Citibank, he served in Saudi Arabia, Greece and Iran. From 1978 to 1986, he served in Atlanta as senior corporate officer of the Southeast office of Citibank. From 1987 to 1988, he was head of the firm’s Latin American debt-to-equity swap investment program. He was also a member of the board of directors of several companies

Lockhart earned his B.A. from Stanford University in 1968 and his M.A. from the Johns Hopkins University School of Advanced International Studies in 1971. His daughter, Dorsey Lockhart, is a Presidential Management Fellow at the State Department in Washington, D.C. …”

http://en.wikipedia.org/wiki/Dennis_P._Lockhart

 

 

 

Related Posts On Pronk Palisades

The Sovereign Wealth Fund Threat: Are Chinese Communists Behind Rush In Passing Bailout Bill?

Stop The Bailout: The American Elites’ Bum Rush of The American People–No Sale!

Obama Bombs Bailout Meeting–Whitehouse Still Standing–McCain Saved By House Republicans

Obama–ACORN–CRA–Congress–Democratic Party–Fannie Mae–Freddie Mac–Bailout–Socialism– Just Say No!

ACORN–Association of Community Organizations for Reform Now–Obama’s Red Shirts

Read Full Post | Make a Comment ( 9 so far )

Liked it here?
Why not try sites on the blogroll...

Follow

Get every new post delivered to your Inbox.

Join 600 other followers