The internet has successfully exposed the Bilderberg Group which has been forced to issue press releases about their activities. That’s a breakthrough. Just don’t believe them.
The upcoming debt ceiling debate is all ritual kabuki theatre. Watch for it.
Within days of each other, two announcements concerning the future of the US currency appeared in the popular press, and each avoided any mention whatsoever of the primary driver of the changes. First was the announcement on November 26th from Secretary of the Treasury Timothy Geithner that the U.S. Mint will begin removing pennies and nickels [...]
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Boehner, ever the politician, is jockeying for position in the budget wars. He’s trying to placate his constituency in time for his election (this would be his eleventh term if he is reelected) while reflecting pressure from the Tea Party and no-tax-hike supporters to keep his job as Speaker. It’s all about politics.
Geithner’s too smart not to know that the committee knows he’s guilty and so he is keeping his mouth shut.
In my opinion, the three big ratings agencies are in cahoots with big government. But S&P took a gamble (it’s owned by McGraw-Hill) that being the first to expose the emperor without his clothes might gain them more market share—at least more notoriety—and might also put back a little polish on their sullied reputation following their “missed” calls on the great recession in 2007-2008. In any event, they “under-called” the sovereign debt issue. In my opinion, again, the US’s sovereign debt should be rated BBB—junk.
It’s too bad I didn’t have more space to write more about Mr. Corzine because there is more – so much more – that could be said about this thug. But he’s a perfect example of the kind of person that Obama would seriously consider for such a position: totally without integrity, with no regard for rules or fair play, and with the necessary totalitarian ideology—perfect for Obama!
Correcting the errors, misstatements, half-truths and just plain damn lies that the media is putting out about the “crisis” in Washington is a full-time job. This article is just a small attempt to correct a few of the more important ones.
In my opinion, the debt ceiling is going to be raised, and no one will be happy about it. The pols and the banksters will do the expedient thing.
All of this is just theatrics and showboating, or “much ado about nothing” – William Shakespeare. Unfortunately such “ado” keeps the real conversation from happening: what is the proper Constitutional role of government anyway?