Ron Paul: I Won’t Vote To Raise The National Debt!
Posted by Tony Coladangelo in Economy, Financial, For Liberty, General comments, Law, Policy, Power, Ron Paul, Taxes on January 13th, 2011
Municipal Defaults Loom Large on the Horizon
Posted by Tony Coladangelo in Economy, Financial, For Liberty, General comments, Policy, Taxes on January 13th, 2011
Municipal Defaults Loom Large on the Horizon
Submitted by Michael Nystrom on Wed, 01/12/2011 – 23:07
in
* Economy
As cities across the nation face increasing budget strains, the vocal group of experts warning about municipal defaults has gained a powerful member: Jamie Dimon.
JPMorgan CEO said he expects to see more U.S. municipalities declare bankruptcy, Bloomberg News reports. His concerns echo those of Meredith Whitney, the analyst who has said the next major financial crisis will come from a wave of local government defaults, and those of famed investor Warren Buffett, who has called the municipal debt situation a “terrible problem.”
“If you are an investor in municipals you should be very, very careful,” Dimon said, according to Bloomberg.
http://www.huffingtonpost.com/2011/01/12/municipal-debt_n_80…
CBS News: How a Giant Weapons Maker Became the New Big Brother
Posted by Tony Coladangelo in Conspiracy theories, For Liberty, General comments, Power on January 13th, 2011
CBS News: How a Giant Weapons Maker Became the New Big Brother
Submitted by legalizeliberty on Wed, 01/12/2011 – 11:46
in
* Daily Paul Liberty Forum
http://www.cbsnews.com/stories/2011/01/12/opinion/main723775…
Have you noticed that Lockheed Martin, the giant weapons corporation, is shadowing you? No? Then you haven’t been paying much attention. Let me put it this way: If you have a life, Lockheed Martin is likely a part of it.
True, Lockheed Martin doesn’t actually run the U.S. government, but sometimes it seems as if it might as well. After all, it received $36 billion in government contracts in 2008 alone, more than any company in history. It now does work for more than two dozen government agencies from the Department of Defense and the Department of Energy to the Department of Agriculture and the Environmental Protection Agency. It’s involved in surveillance and information processing for the CIA, the FBI, the Internal Revenue Service (IRS), the National Security Agency (NSA), the Pentagon, the Census Bureau, and the Postal Service.
Oh, and Lockheed Martin has even helped train those friendly Transportation Security Administration agents who pat you down at the airport. Naturally, the company produces cluster bombs, designs nuclear weapons, and makes the F-35 Lightning (an overpriced, behind-schedule, underperforming combat aircraft that is slated to be bought by customers in more than a dozen countries) — and when it comes to weaponry, that’s just the start of a long list. In recent times, though, it’s moved beyond anything usually associated with a weapons corporation and has been virtually running its own foreign policy, doing everything from hiring interrogators for U.S. overseas prisons (including at Guantanamo Bay in Cuba and Abu Ghraib in Iraq) to managing a private intelligence network in Pakistan and helping write the Afghan constitution.
A For-Profit Government-in-the-Making
If you want to feel a tad more intimidated, consider Lockheed Martin’s sheer size for a moment. After all, the company receives one of every 14 dollars doled out by the Pentagon. In fact, its government contracts, thought about another way, amount to a “Lockheed Martin tax” of $260 per taxpaying household in the United States, and no weapons contractor has more power or money to wield to defend its turf. It spent $12 million on congressional lobbying and campaign contributions in 2009 alone.
Continue: http://www.cbsnews.com/stories/2011/01/12/opinion/main7237750.shtml
China has launched trading in its currency in the U.S
Posted by Tony Coladangelo in Economy, Financial, General comments, Policy on January 13th, 2011
China has launched trading in its currency in the U.S
Submitted by Gmartine on Wed, 01/12/2011 – 13:23
in
* Daily Paul Liberty Forum
“New Move to Make Yuan a Global Currency
China has launched trading in its currency in the U.S. for the first time, an explicit endorsement by Beijing of the fast-growing market in the yuan and a significant step in the country’s plan to foster global trading in its currency.
The state-controlled Bank of China Ltd. is allowing customers to trade the yuan, also known as the renminbi, in the U.S., expanding the nascent offshore market for the currency which began last year in Hong Kong.”
http://online.wsj.com/article/SB10001424052748703791904576076082178393532.html?mod=googlenews_wsj
Municipal Defaults Loom Large on the Horizon
Posted by Tony Coladangelo in Economy, Financial, For Liberty, General comments, Policy, Power, Taxes on January 13th, 2011
Municipal Defaults Loom Large on the Horizon
Submitted by Michael Nystrom on Wed, 01/12/2011 – 23:07
in
* Economy
As cities across the nation face increasing budget strains, the vocal group of experts warning about municipal defaults has gained a powerful member: Jamie Dimon.
JPMorgan CEO said he expects to see more U.S. municipalities declare bankruptcy, Bloomberg News reports. His concerns echo those of Meredith Whitney, the analyst who has said the next major financial crisis will come from a wave of local government defaults, and those of famed investor Warren Buffett, who has called the municipal debt situation a “terrible problem.”
“If you are an investor in municipals you should be very, very careful,” Dimon said, according to Bloomberg.
http://www.huffingtonpost.com/2011/01/12/municipal-debt_n_807977.html
Thomas Sowell: ‘When someone removes a cancer, what do you replace it with?’
Posted by Tony Coladangelo in Corruption, Economy, Financial, For Liberty, General comments, Policy, Power, Ron Paul, Taxes on January 13th, 2011
Thomas Sowell, famous economist and political commentator, recently discussed his support for Dr. Paul’s longtime goal of abolishing the Federal Reserve.
Video: The Real Source of Violence in American Politics
Posted by Tony Coladangelo in Corruption, For Liberty, General comments, Media on January 13th, 2011
How Wikileaks Fights Big Government – Southern Avenger
Posted by Tony Coladangelo in Conspiracy theories, For Liberty, General comments, Policy, Southern Avenger, Uncategorized on December 16th, 2010
Second Amendment Remedies – The Southern Avenger
Posted by Tony Coladangelo in Corruption, For Liberty, General comments, Law, Policy, Power, Southern Avenger on January 14th, 2011
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