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Politics : Technical Analysis -- Ignore unavailable to you. Want to Upgrade?

To: kitarea who wrote (5513)	4/4/2013 11:03:39 AM
From: lorne	Respond to of 14245

Today a former Assistant Secretary of the US Treasury told King World News that the Federal Reserve and other central planners are facing a wipeout. Former Assistant of the US Treasury, Dr. Paul Craig Roberts, also cautioned KWN that the Fed is trying to do all they can to prolong the coming financial destruction. Below is what Dr. Roberts had to say in the second part of two extraordinary interviews which have now been released today. Eric King: “Now that central planners have made it known they will steal bank deposits when countries are in trouble, does that help relieve QE going forward to some extent? Or is this just another lie they are trying to sell to people right now?” Dr. Roberts: “It doesn’t relieve it, but it’s an alternative when they can’t do QE. When the dollar starts declining or collapses, and they keep printing it will drive it down even faster. So when the dollar really starts plunging they have to give up QE. You can’t print money in the face of a falling currency. You will just make the panic worse “So the fallback position when they can’t print money is to grab bank deposits. And not just bank deposits but also pensions. They will grab both.” Eric King: “The desperate actions we are seeing on the part of governments and central planners right now, what does that tell you about how close we are to the end game?” Dr. Roberts: “The whole point is if the bond market collapses, interest rates explode. When interest rates explode, stocks collapse. That has always been the tradition. So I think they (the Fed and central planners) are facing a wipeout, and they are doing what they can to prolong this. That is where they are, they are running out of time and means. I think they feel they are close to the end game. They are trying to stave it off. Look, if you can pass the sinking ship to the next watch, if Bernanke can get out of there before it happens, that’s what they will do. And we don’t know what the Fed is telling the Congress. They may be telling them it’s better to get rid of social security in order to save the budget. I mean you don’t know what they are saying. But in the meantime they don’t want the dollar to go before they can achieve a deal. If people get hopeful, sometimes they get unrealistic (laughter ensues).” Eric King: “If a friend comes to you and he has millions or tens of millions of dollars in the bank, and he asks you, ‘What do I do here Dr. Roberts?’ What do you say to a guy like that?” Dr. Roberts: “I would say if he’s got millions or tens of millions, he’s probably got the capability of getting it out of the country. Move it to Hong Kong. Find some investment firm in Hong Kong. There are some strong, smaller or regional type banks in Hong Kong that have no derivatives. You could just deposit the money there. You are then stuck with all of the reporting requirements, but at least your currency and wealth is out of the country. Right now of course the Hong Kong dollar is pegged to the US dollar, but I think when the dollar starts sliding they will quickly remove that peg. The Chinese will make them do that. So there are alternatives, and if you are not too scared about what they are doing to gold and silver, it’s cheap now compared to where it was.”

To: kitarea who wrote (5513)	4/4/2013 11:15:58 AM
From: PulpCutter	Read Replies (1) \| Respond to of 14245

If you are for rights, freedom, and personal responsibility, you want to get as far as possible from the Republican party in America. If you consider their rhetoric (words), sure they're for it. In fact, I agree with most of what they and the Tea Party SAY. However, if you consider their actions and legislative votes, you get an entirely different story. House roll call on Gramm-Leech-Bliley (repealing Glass Steagall): 57 no votes; 51 Democrats, 5 Republicans Senate roll call on GLB: 8 no votes; 7 Democrat, 1 Republican House roll call on 2006 extension of Patriot Act: 138 no votes; 124 Democrat, 13 Republican Senate roll call on 2006 extension of Patriot Act: 10 no votes; all Democrat House role call on 2011 extension of Patriot Act: 153 no votes; 122 Democrats opposed, 31 GOP. By extending the measures through June 1, 2015, lawmakers codified a compromise with Republican leaders who preferred a permanent extension. Senate role call on 2011 extension of Patriot Act: 23 no votes; 18 Democrat., 4 GOP Four Republicans. The states with the highest % of people on food stamps are the red states. Mississippi is #1. The others, two through ten: Oregon, Tennessee, New Mexico, Michigan, Louisiana, Kentucky, West Virginia, Maine, South Carolina. Hmm; more 'red' states there than not. OK, let's try federal tax dollars: States Receiving Most in Federal Spending Per Dollar of Federal Taxes Paid: 1. D.C. ($6.17) 2. North Dakota ($2.03) Red State 3. New Mexico ($1.89) Swing State 4. Mississippi ($1.84) Red State 5. Alaska ($1.82) Red State 6. West Virginia ($1.74) Red State 7. Montana ($1.64) Red State 8. Alabama ($1.61) Red State 9. South Dakota ($1.59) Red State 10. Arkansas ($1.53) Red State States Receiving Least in Federal Spending Per Dollar of Federal Taxes Paid: 1. New Jersey ($0.62) Blue State 2. Connecticut ($0.64) Blue State 3. New Hampshire ($0.68) Red State 4. Nevada ($0.73) Red State 5. Illinois ($0.77) Blue State 6. Minnesota ($0.77) Blue State 7. Colorado ($0.79) Red State 8. Massachusetts ($0.79) Blue State We've slashed government assistance programs, and made our tax system less progressive, since 1980. How's it working out? The 'red' states also have the highest rates of obesity,, lowest high-school achivement stats, and highest rates of drug use and violent crime. So, basically, they ARE who they hate: sponges off the government, fat, dumb and wasted. Talk about cognitive dissonance!