Economics

      An assortment of links concerning the Economics of this Nation as well as links for learning and decerning all the ups and downs of the financial world. 
The cause is hidden, the effect visible to all.
 ~ Ovid 43 BC- 17 AD

 

                                         
 Viret on commercial fraud in general. The reformer condemns unjust businessmen as “nothing else than public thieves and bandits,” and expounds,
As God has given men such a means [money] to facilitate mutual relations between men, those who pervert and confound this order provoke a great wound in the body politic and in the whole of human society. They are thus worthy of the most severe punishment particularly producing as they do the greatest possible confusion in society, for men cannot live without commerce. Thus whoever destroys the means of exchange resembles a public bandit, a cutthroat slitting the gizzard of the whole community. For through his fraud he destroys every kind of good faith and loyalty and without these human society can neither be maintained nor develop.
 

 
 
 
 
 
 

The Meaning of "Austerity"

James Corbett
The Corbett Report

VIDEO HERE

Time and time and time again in country after country in every corner of the globe, IMF loans spell disaster for the people who are left holding the bag.

 
 
 
Not Yours To Give Col. David Crockett
US Representative from Tennessee  >>> HERE
 
 
"The budget should be balanced, the Treasury should be
refilled, public debt should be reduced, the arrogance of
officialdom should be tempered and controlled, and the
assistance to foreign lands should be curtailed lest Rome
become bankrupt.  People must again learn to work, instead of
living on public assistance."    (Cicero, in 55 BC)
 
 
 
 
The National Inflation Association is pleased to announce the release of its 2010 U.S. Inflation Report. PDF
 
ALSO
 
 
 
 
 
 
 
 
 
 
CLICK      MUST SEE- National Dept Covering Everything. Great Reference for All.  THIS WILL OPEN YOUR EYES TO THE REAL DEBT
 
 

20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover

 
Summers, Geithner, Bernanke and Congress like things just the way they are.
Of course they do ... they're bought and paid for:


ALSO..

FAST FACT... A record 37.2 million people, which is approximately one out of every eight Americans, received food stamps in September, and that number is growing rapidly.the program is expanding at a pace of about 20,000 people a day.  The United States of America is very quickly becoming a socialist welfare state. READ HERE

 

While your thoughs were on the health care bill this was behind the scenes

A License Required for your HOUSE?

But wait. This awful bill (that no one in Congress has actually read) has many more surprises in it.
Probably the worst one is this: A year from now you won’t be able to sell your house.
Yes, you read that right. The caveat is (there always is a caveat) that if you have enough money to make required major upgrades to your home, then you can sell it. But, if not, then forget it. Even pre-fabricated homes (”mobile homes”) are included.
Wow! Home owners take note & tell your friends and relatives who are home owners!!! Beginning 1 year after enactment of the Act, you won’t be able to sell your home unless you retrofit it to comply with the energy and water efficiency standards of this Act. H.R. 2454, the “Cap & Trade” bill passed by the House of Representatives, if also passed by the Senate, will be the largest tax increase any of us has ever experienced. READ HERE

 
ALSO...

25 Questions To Ask Anyone Who Is Delusional Enough To Believe That This Economic Recovery Is Real

 
 
Porker Of The Month'

CAGW Names Gary Locke and Robert Groves February’s Porkers of the Month'

Porker of the Month is a dubious honor given to lawmakers, government officials, and political candidates who have shown a blatant disregard for the interests of taxpayers  HERE      AND  HERE    

 

The Global Debt Bomb

Daniel Fisher,
Forbes Magazine

Spending our way out of worldwide recession will take years to pay back--and create a lot of pain.

Unchartered Waters
Governments around the world will issue an estimated $4.5 trillion in debt this year, triple the five-year average for industrial countries.
 
 
 
SOMETHING IN THE AIR

You asked for it! The big-spender scorecard

Find out right now which 'bums' supported bailouts, cap and trade, health 'reform'   scorecard  &  story

 
 
 

 

TODAY'S...Economic & Market Analysis in Brief

click

 
 

 

 

Goldman rallies for Obama in Wall Street 'reform'

And they certainly shouldn't be considered White House foes: Goldman was Obama's No. 1 corporate source of funds in 2008.

By: Timothy P. Carney
Examiner Columnist

 

 

IMF-STYLE AUSTERITY MEASURES COME TO AMERICA:
WHAT “FISCAL RESPONSIBILITY” MEANS TO YOU

 
 
 
 
WHO NEEDS A THIEF TO STEAL YOUR WALLET  WHEN THE OBAMA ADMINISTRATION IS ALREADY DOING IT Government Fraud and Waste Report: HERE IS JUST A TINY EXAMPLE OF THE EXCESS,RECKLESS POLITICAL SPENDING SPREES OUR " ELECTED OFFICIALS" ARE MAKING US THE TAXPAYER SPEND .
 
 

 

Understanding China or, How America goes down the drain... 3 minute video

  

Thanks to Alice Losasso for sending this to us

 
 
 
City, State, % of People Below the Poverty Level
1. Detroit , MI
 
32.5%
2. Buffalo , NY
 
29.9%
3. Cincinnati , OH
 
27.8%
4. Cleveland , OH
 
27.0%
5. Miami , FL
 
26.9%
5. St.. Louis , MO
 
26.8%
7. El Paso , TX
 
26.4%
8. Milwaukee , WI
 
26.2%
9. Philadelphia , PA
 
25.1%
10. Newark , NJ
 
24.2%
 
U.S. Census Bureau, 2006 American Community Survey, August 2007
What do the top ten cities (over 250,000) with the highest poverty rate all have in common?

Detroit , MI (1st on the poverty rate list) hasn't  elected a Republican mayor since 1961;
Buffalo , NY (2nd) hasn't elected one since 1954;
Cincinnati , OH - (3rd)...since 1984;
Cleveland , OH - (4th).....since 1989;
Miami , FL - (5th) has never  had a Republican mayor;
St. Louis , MO - (6th)....since 1949;
El Paso , TX - (7th) has   never had a Republican mayor;
Milwaukee , WI - (8th)....since 1908;
Philade lphia , PA - (9th).. .since 1952;
Newark , NJ - (10th)....since 1907.
Einstein once said, 'The definition of insanity is doing the same thing over and over again and expecting different results.'
It is the poor who habitually elect Democrats---yet they are still
POOR
"You cannot help the poor by destroying the rich. You cannot strengthen the weak by weakening the strong. You cannot bring about prosperity by discouraging thrift. You cannot lift the wage earner up by pulling the wage payer down. You cannot further the brotherhood of man by inciting class hatred. You cannot build character and courage by taking away people's initiative and independence. You cannot help people permanently by doing for them, what they could and should do for themselves."Abraham Lincoln
and Mr. Obama,
you are no Abe Lincoln
 
  
 
 
by The Pork Report
Money intended for soldiers fighting war is instead being spent on senators’ home-state pet projects
Defense spending bill contains an earmark that has nothing to do with national defense, $20 million for an institute honoring late Senator Ted Kennedy
Maryland Senator earmarks tens of millions of dollars in a defense spending bill for her top campaign donors
New Jersey receives $4.8 million earmark to increase the size of Long Beach Island beaches and dunes
National Science Foundation hands out taxpayer cash in experiment to determine if birth order affects willingness to make risky economic decisions
Federal grant pays to design and build an exhibit about the significance of lacrosse
 
 
THE BLACK BUDGET; you know,the one no one talks about
by Jim Kelly from various resources
There is no accountability whatsoever!!!
"A black budget is a budget"

For about 50 billion to 1.2 trillion worth of defense programs,this is what is known as
"congressional oversight.'
   There have always been programs and weapons that were so top secret that public hearings were
deemed inappropriate.Spending for "black budget' programs that receive no public scrutiny at all.
   Spending on secret weapons has jumped nearly tenfold
and spending on intelligence activities has doubled.
   The black budget is now more than federal spending on education, transportation, or the environment and roughly
equal to all federal spending on health care. In fact, it is the fastest-growing major sector of the federal budget.
   Obviously some of those programs should not be debated on C-SPAN or analyzed in The Washington Post.
But today, more than a dime of every defense dollar is concealed.
   If the few black budget projects we do know about are any indication, it has become a hiding place not just for weapons and operations that should be secret but for those that are poorly managed or conceived.
   As Thomas Amlie, a civilian who works for the Air Force as a financial watchdog and who has high security clearance, put it, The military has three reasons
for having black projects:
 
"One, you're doing something that should genuinely be secret. There's only a couple of those.
Two, you're doing something so damn stupid you don't want anybody to know about it.
And three, you want to rip the money bag open and get out a shovel, because there is no accountability whatsoever.'

   Budget generally refers to a list of all planned expenses and revenues.
It is a plan for saving and spending. A budget is an important concept in microeconomics,which uses a budget line to illustrate the trade-offs between two or more good ....
that is secretly collected from the overall income of a country, a corporation
Corporation
   A corporation is a legal entity separate from the persons that form it.
It is a legal entity owned by individual stockholders.

  The United States Defense Department has a "black budget" it uses to fund expenditures it does not want to disclose publicly.
Such an expenditure is called a "black project"
Black project
   In the United States  a black project is a classified military/defense project,
unacknowledged publicly by the government,
military personnel, and defense contractors....
" The annual cost of the United States Defense Department black budget is estimated at 50 billion to 1.2 trillion by some watchdogs.
   Fed by funds funneled from other government agencies
to the defense and intelligence community
.
 
MORE ON THE BLACK BUDGET HERE 
 
 
In tight times, Congress boosts its budget
 
Congress is on the verge of giving itself a bump in its annual budget —
even as local governments, families and businesses across the country
are tightening their belts in the worst recession in decades.
 
 
The Federal Reserve System
Its Purposes And Functions >>>  CLICK
 
California is on the verge of bankruptcy and Our Government has yet to stop the invasion of illegal aliens.

Take a look at that always shining gem of political know-how, the state of California which is looking more like Mexifornia everyday and your state is next.

A List of 10 Facts Caused by the Illegal Invasion From the L. A. Times.
    • 40% of all workers in L. A. County are working for cash and not paying taxes. They are predominantly illegal aliens working without a green card and will be ELIGIBLE FOR FREE GOVERNMENT RUN HEALTH CARE.
       
    • 95% of warrants for murder in Los Angeles are for illegal aliens and they will be ELIGIBLE FOR FREE GOVERNMENT RUN HEALTH CARE.
       
    • 75% of people on the most wanted list in Los Angeles are illegal aliens they will be ELIGIBLE FOR FREE GOVERNMENT RUN HEALTH CARE.
       
    • Over 66% of all births in Los Angeles County are to illegal alien Mexicans on Medi-Cal, whose births were paid for by taxpayers and they will be ELIGIBLE FOR FREE GOVERNMENT RUN HEALTH CARE.
       
    • Nearly 35% of all inmates in California detention centers are Mexican Nationals here illegally and they will be ELIGIBLE FOR FREE GOVERNMENT RUN HEALTH CARE.
       
    • Over 300,000 illegal aliens in Los Angeles County are living in garages and they will be ELIGIBLE FOR FREE GOVERNMENT RUN HEALTH CARE.
       
    • The FBI reports half of all gang members in Los Angeles are most likely illegal aliens from south of the border and they will be ELIGIBLE FOR FREE GOVERNMENT RUN HEALTH CARE.
       
    • Nearly 60% of all occupants of HUD properties are illegals and they will be ELIGIBLE FOR FREE GOVERNMENT RUN HEALTH CARE.
(There are 10.2 million people in L.A. County) The fact that California is on the verge of bankruptcy is just a coincidence right? It has nothing to do with illegal aliens, right? 60% of Americans agree that illegal aliens are the cause of this and they do want them to be ELIGIBLE FOR FREE GOVERNMENT RUN HEALTH CARE.

25 New illegal aliens JUST CROSSED our border while you are reading and will be ELIGIBLE FOR FREE GOVERNMENT RUN HEALTH CARE

 
 

CLICK HERE    2009 Pig Book Summary-PORK BARREL
CLICK HERE    WHO IS BEHIND THE FINANCIAL MELTDOWN...THE TOP25
 
CLICK HERE       STORY BORN INTO DEBT
CLICK HERE    STORY DOLLAR COLLAPSE
CLICK HERE    Troubled Asset Relief Program- "who got what"
CLICK HERE     Follow the money, bailout tracker
CLICK HERE     Financial Institutions, Market Cap 1999-2009  
 
 

 
 CLICK HERE   VIDEO Obama Budget Cuts Visualization 
 
 
 
 
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